Best Business Credit Cards for Bad Credit

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Best Business Credit Cards for Bad Credit

Published By Janet Gershen-Siegel at July 13, 2018

Best Business Credit Cards for Bad Credit Suite>

Written by Janet Gershen-Siegel

The Best Business Credit Cards for Bad Credit Can Be Yours

Want the best business credit cards for bad credit? Then look no further, for we have got you covered!

Per the SBA, corporate credit card limits are 10 – 100 times those of personal cards! Hence you can get a lot more cash with business credit.

It also means you can have personal charge cards at stores. You can also, now, have a second card at the same stores for your business.

And you will not have to put up collateral, cash flow, or financial information to get small business credit.

Card Advantages

Features vary, so make sure to pick the advantage you prefer from this variety of possibilities.

Credit Builder Small Business Credit Cards

Look at the Wells Fargo Business Secured Credit Card. It lets cardholders secure a credit limit of $500 – $25,000. The amount of the offer matches how much you supply to secure the line. Your purchase APR rate can be as low as a variable 13.15%. The annual fee is $25. The more cards you have the more expensive your annual fee is going to be.

This card allows business owners with inadequate personal credit to get a card to make purchases and build business credit. However, the card will just report to personal credit agencies if you default or are overdue on payments.

Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Business Credit Cards for Fair Credit

For Fair Credit, we like the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. You need a credit score of 690 or higher.

NOTE: the standard APR is 23.99% variable APR.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Cards for Rewards

Look at the Business Gold Rewards Card from American Express OPEN. Get 50,000 Membership Rewards points after $5,000 in purchases in first three months.

You get three points on your choice of five categories. Also get twice the points on the other categories. And get one point per dollar on all other purchases.

It has a $0 annual fee for the first year. But then your yearly fee goes up to $175.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards

Business Platinum from American Express OPEN

Also, check out the Business Platinum ® Card from American Express OPEN. Earn as much as 75,000 Membership Rewards points at the time of account opening.

You can also get 50,000 Membership Rewards points after spending $10,000. Also get an extra 25,000 points after spending $10,000 more on eligible purchases in the first three months.

Also get five times the Membership Rewards points on airline flights and pre-paid hotels on amextravel.com. Unfortunately, it has a $450 annual fee.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Corporate Credit Cards with 0% APR

For a 0% APR time period, we like the Ink Business Cash ℠ Credit Card. Pay no yearly cost. It’s got an interest-free time period. It has flexible cash-back rewards. There are spending limits for employees. You need a credit score of 690 or higher.

Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash

Blue Business Plus from American Express

For an introductory 0% APR period, we also like the Blue Business ℠ Plus Credit Card from American Express.

It has an introductory 0% APR for 15 Months. Earn twice the points on daily company expenses up to a yearly limit. Normal APR is 12.24% – 20.24% (variable).

Get it here: https://creditcard.americanexpress.com/blue/

Cards for Cash Back

Check out the SimplyCash Plus Business Credit Card from American Express. Earn as much as $400 cash back. Get a $200 statement credit after spending $5,000.

Get 5% cash back at US office supply stores and on wireless phone services from US service providers. However, this applies to the first $50,000 of yearly spending.

Also get 3% cash back on the spending category of your choice. This is from eight distinct categories. They include airfare, gas, advertising and computer purchases. However, this applies to first $50,000 of annual spending.

Also, get 1% cash back on all other purchases.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Bank of America Advantage MasterCard

Also, look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. Get a $200 statement credit after $500 in purchases within 60 days of account opening.

Also get 3% cash back on purchases at gasoline stations and office supply stores. However, this is up to $250,000 yearly.

Also, you get 2% cash back on purchases at restaurants. In addition, get 1% cash back on all purchases. There is no yearly fee. It is offered to applicants with outstanding credit. However, cash back can only be redeemed in $25 increments.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/cash-rewards-business-credit-card/

Spark Cash Select from Capital One

In addition, consider the Spark Cash Select from Capital One. Get 1.5% cash back on all purchases, without any restrictions.

New cardholders can also get a $200 cash bonus as soon as they spend $3,000 in the first three months of account opening. New customers also get introductory APR of 0% on purchases for nine months. Also, there is no annual fee.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/

Low APR/Balance Transfers Business Credit Cards

For Low APR/Balance Transfers Business Credit Cards, we like the U.S. Bank Business Edge Platinum.

Start with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost.

Afterwards, the purchase APR is a variable 10.49% – 18.49%. So this is dependent on creditworthiness. There is no yearly fee.

However, this card is solely available to those with great or superb credit. Unfortunately, there is no rewards program for purchases.

Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do.

Credit cards for Travel Points

For Travel Points, we like the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles after $1,000 in purchases in the first three months. Terms and limitations apply.

In addition earn a $50 statement credit after you make a Delta purchase in the first 3 months. Earn two miles per dollar spent on purchases made straight with Delta. Earn one mile per qualifying dollar spent on purchases.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279

Business Platinum from American Express

Check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:

  • Priority Pass Select
  • Delta SkyClubs
  • American Express Centurion Lounges

Also, get Gold Status when you sign up for the Starwood Preferred Guest program. There is also a $200 annual air travel fee credit.

There is a $100 credit towards the Global Entry application fee. This also includes access to TSA PreCheck program. You get one point per dollar spent on most purchases. Get 1.5 times the points on charges of $5,000 or more on eligible purchases. However, this is up to one million additional points yearly.

Get five points per dollar spent buying flights and prepaid hotels from the American Express Travel website.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279

Ink Business Preferred from Chase

Also, look at the Ink Business Preferred Card from Chase. Earn 80,000 bonus points after you spend $5,000 on purchases in the first three months from account opening.

Earn three points per dollar on the first $150,000 spent. This is in combined purchases on travel, shipping purchases, internet, cable and phone, advertising purchases made with social media sites and search engines each account anniversary year.

Also, earn one point per dollar on all other purchases. There is no restriction to the amount you can earn.

Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred

Your Best Business Credit Cards

Your very best company credit cards hinge on your credit history and scores. Only you can decide which advantages you want and need. So do your research.

And, as always, make sure to build credit in the recommended order for the best, fastest benefits. Check out how this will help your company get business credit cards.

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