Get the Best Business Credit Cards – Even with Average Credit
Are you searching for the best business credit cards for average credit? Then look no further, for we have done the research on cards and a number of different perks, too! Even average credit can’t keep you from getting business credit cards.
Per the SBA, business card limits are a whopping 10 – 100 times that of consumer cards!
This demonstrates you can get a lot more money with small business credit. And it also means you can have personal cards at retailers. So you would now have an extra card at the same stores for your company.
And you will not need collateral, cash flow, or financial data in order to get business credit.
Business Card Benefits
Benefits can differ. So, make certain to pick the perk you like from this selection of options.
Secure Business Cards for Average Credit
Capital One® Spark® Classic for Business
For average credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. The card earns an unlimited 1% cash back on all purchases. There is an annual fee of $0.
With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.
But REMEMBER: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.
Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
Wells Fargo Business Secured Card
Have a look at the Wells Fargo Business Secured Card for average credit. It charges a $25 annual fee per card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000) and it is designed to help cardholders establish or rebuild their credit.
Choose if you want to get 1.5% per dollar in purchases with no limits or earn one point for every dollar in purchases. You also earn 1,000 bonus points for every month your company makes $1,000 in purchases on the card.
Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed.
And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed and depends on factors including how you manage this and your other accounts.
APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a card for balance transfers.
Note: this card is secured.
Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/
Credit Builder Company Cards – Make Your Average Credit Surge!
Discover it® Student Cash Back
Make sure to check out the Discover it® Student Cash Back card. It has no annual fee. The card also offers a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.
One distinct feature is that it offers an incentive for students to maintain good grades with a $20 statement credit. If students earn a GPA of 3.0 or higher each school year, the card will award the $20 statement credit each year for up to five years.
Use this card to build personal credit. While this is a personal card versus a company card, for new credit users, their FICO scores will matter. And this card provides an outstanding way to raise FICO while also getting rewards.
You can get 5% cash back at different places each quarter such as grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this card offers unlimited 1% cash back on all purchases.
In the initial year, all cash back rewards are matched 100%.
Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is more. And even though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.
This card can be an outstanding way to build average credit.
Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html
Small Business Cards with 0% APR – Pay Zero!
Capital One® Quicksilver® Card
Take a look at the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits how much in cash back rewards that cardholders can get. Also, the card has a $0 annual fee.
New cardholders have a 0% APR on purchases and balance transfers for the first fifteen months after starting the account. And then they have a 14.74 – 24.74% (variable) APR after that. A cash bonus of $150 is offered for those who make at least $500 on purchases in 3 months of account opening.
Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.
Also, there is a cash bonus of $150 is available to cardholders who make a minimum of $500 on purchases within 3 months of account opening.
The card also offers travel accident insurance. And you can get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.
Downsides are the flat reward rate, not permitting any more than that. And then there’s the higher APR after the initial fifteen months.
Get it here: https://www.capitalone.com/credit-cards/quicksilver/
Reliable Low APR/Balance Transfers Business Cards
Discover it® Cash Back
Take a look at the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.
After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based upon the Prime Rate.
You can earn 5% cash back at different places every quarter. So, these are establishments like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Plus, automatically earn unlimited 1% cash back on all other purchases.
You will get an unlimited dollar-for-dollar match of all the cash back you have gotten at the end of your first year, automatically.
Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html
Outstanding Business Cards with No Annual Fee
Costco Anywhere Visa® Business Card by Citi
This card earns cash back with every purchase. Get 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Get 3% cash back at restaurants and on eligible travel purchases. Also, earn 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.
Note: the $0 annual fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.
Also, there is no sign-up bonus available with this card.
Get it here: https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=Citi-costco-anywhere-visa-business-credit-card
Your Best Business Credit Cards for Average Credit
Your outright best company cards hinge on your history and scores.
Only you can select which features you want and need. So make sure to do your homework. What is outstanding for you could be disastrous for another person.
And, as always, be sure to develop credit in the recommended order for the best, quickest benefits.