Yes, You Can Get an Excellent Business Credit Card for Bad Credit… and Be Sure to Also Check Out These Other Options
Do you want a business credit card for bad credit? Well, look no further – we have great choices if your credit is not so hot.
We looked into every business credit card for bad credit we could find. So, here are our options.
Per the SBA, business credit card limits are a massive 10 – 100 times that of personal credit cards!
This reveals you can get a lot more money with company credit cards. And it also reveals you can have personal credit cards at stores. So, you would now have an additional card at the exact same stores for your business.
And you will not need collateral, cash flow, or financials to get business credit.
Benefits can differ. So, make certain to choose the benefit you would prefer from this choice of alternatives.
It is also always a good idea to work to improve your personal credit score. Pay down your overdue balances. And pay your bills on time. In addition, it is always a big help to live within your means. For the most part, this will mean using less of your personal credit. But that has a bonus.. Because using less personal credit will bring down your credit utilization rate. All of these actions will help you to improve your personal credit and get you out of the hole.
Check Out This Business Credit Card for Bad Credit, It Does Not Require a Personal Guarantee
Brex Card for Startups
Have a look at the Brex Card for Startups. It has no annual fee.
You will not need to provide your Social Security number to apply. And you will not need to provide a personal guarantee. They will take your EIN.
But keep in mind that they do not accept every industry.
Likewise, there are some industries they will not work with, and others where they want more paperwork. For a list, go here: https://www.brex.com/legal/prohibited-restricted-activities/.
To determine your creditworthiness, Brex will check a business’s cash balance, spending patterns, and investors.
You can get 7x points on rideshare. Get quadruple points on Brex Travel. Also, get triple points on restaurants. And get double points on recurring software payments. Get 1x points on everything else.
You can have bad credit scores (even a 300 FICO) to qualify.
And you can find it here: https://brex.com/lp/startups-higher-limits/
You Can Get a Business Credit Card for Bad Credit
Capital One® Spark® Classic for Business
Have a look at the Capital One® Spark® Classic for Business. It has no yearly fee. There is no introductory APR offer. The regular APR is a variable 24.49%. You can earn unlimited 1% cash back on every purchase for your company, without minimum to redeem.
While this card is within reach if you have fair credit, beware of the APR. However if you can pay in a timely manner, and completely, then it’s a good deal.
So you can find it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
As you improve your credit scores, you may be looking for other alternatives to a business credit card for bad credit. So here are our favorites.
Outstanding Business Credit Cards with No Annual Fee – Have A Look at an Alternative!
No Yearly Fee/Flat Rate Cash Back
Ink Business Unlimited℠ Credit Card
Check out the Ink Business Unlimited℠ Credit Card. Beyond no annual fee, get an introductory 0% APR for the initial year. After that, the APR is a variable 14.74 – 20.74%.
You can earn unlimited 1.5% Cash Back rewards on every purchase made for your business. And get $500 bonus cash back after spending $3,000 in the initial three months from account opening. You can redeem your rewards for cash back, gift cards, travel and more via Chase Ultimate Rewards®. But you will need superb credit scores to receive this card. Therefore, consider it something to aspire to.
You can find it here: https://creditcards.chase.com/business-credit-cards/ink/unlimited
An Alternative to a Business Credit Card for Bad Credit: Company Credit Cards with a 0% Introductory APR
Blue Business® Plus Credit Card from American Express
Have a look at the Blue Business® Plus Credit Card from American Express. It has no annual fee. There is a 0% introductory APR for the initial one year. But after that, the APR is a variable 14.74 – 20.74%.
You can get double Membership Rewards® points on day to day company purchases such as office supplies or client suppers. So, this is only for the first $50,000 spent annually. And you will get 1 point per dollar after that.
But you will need great to excellent credit to qualify.
You can find it here: https://creditcard.americanexpress.com/d/bluebusinessplus-credit-card/
The Very Best Business Credit Cards for You
Your outright best small business credit card for bad credit for you will always depend upon your credit history and scores.
Only you can pick which features you want and need. So, you will need to do your research. What is exceptional for you could be devastating for another person. And the opposite will always be the case as well.
And, as always, make sure that you build business credit in the advised order for the best, fastest benefits. Because once your business credit scores are good, you will not need to compensate for poor personal credit. Contact us today, and we can show you the way.