Check Out These Fair Credit Cards for Your Business
Is your personal credit not so hot? You can still get fair credit cards for your business. We investigated a lot of fair credit cards for you. So, here are our options.
Per the SBA, corporate credit card limits are a massive 10 – 100 times that of personal credit cards!
This shows you can get a great deal more funds with corporate credit cards. And it also reveals you can have personal credit cards at shops. So, you would now have an additional card at the same stores for your small business.
And you will not need collateral, cash flow, or financials to get business credit.
Fair Credit Cards: Benefits
Benefits can differ. So, make sure to choose the benefit you would prefer from this choice of alternatives.
Fair Credit Cards, Not Requiring a Personal Guarantee
Brex Card for Startups
Check out 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.
Nonetheless, they do not accept every industry.
Also, 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 creditworthiness, Brex checks a corporation’s cash balance, spending patterns, and investors.
You can get 7x points on rideshare. Get 4x on Brex Travel. Likewise, 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.
Find it here: https://brex.com/lp/startups-higher-limits/
Fair Credit Cards for Your Business
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 business, without minimum to redeem.
While this card is within reach if you have fair credit, beware of the APR. But if you can pay in a timely manner, and completely, then it’s a good deal.
Find it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
Fair Credit Cards with No Annual Fee
No Annual 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 first 3 months from account opening. You can redeem your rewards for cash back, gift cards, travel and more via Chase Ultimate Rewards®. You will need outstanding credit to get approval for this card.
Find it here: https://creditcards.chase.com/business-credit-cards/ink/unlimited
Fair Credit Cards with a 0% Introductory APR – Pay Zero!
Blue Business® Plus Credit Card from American Express
Take a look at the Blue Business® Plus Credit Card from American Express. It has no yearly fee. There is a 0% introductory APR for the first twelve months. After that, the APR is a variable 14.74 – 20.74%.
Get double Membership Rewards® points on day to day company purchases like office supplies or client dinners for the initial $50,000 spent each year. Get 1 point per dollar afterwards.
You will need great to outstanding credit scores to qualify.
Find it here: https://creditcard.americanexpress.com/d/bluebusinessplus-credit-card/
Terrific Fair Credit Cards for Cash Back
Capital One ® Spark® Cash for Business
Check out the Capital One® Spark® Cash for Business. It has an introductory $0 annual fee for the initial year. Afterwards, this card costs $95 each year. There is no introductory APR offer. The regular APR is a variable 18.49%.
You can get a $500 one-time cash bonus after spending $4,000 in the initial three months from account opening. Get unlimited 2% cash back. Redeem at any time with no minimums.
You will need good to excellent credit scores to qualify.
Find it here: https://www.capitalone.com/small-business/credit-cards/spark-cash/
Flexible Financing Fair Credit Cards – Take A Look at Your Options!
The Plum Card® from American Express
Check out the Plum Card® from American Express. It has an initial annual fee of $0 for the first year. After that, pay $250 per year.
Get a 1.5% early pay discount cash back bonus when you pay within 10 days. You can take up to 60 days to pay without interest when you pay the minimum due by the payment due date.
You will need excellent to exceptional credit scores to qualify.
Find it here: https://creditcard.americanexpress.com/d/the-plum-card-business-charge-card/
The Best Fair Credit Cards for You
Your straight-out best small business credit cards hinge on your credit report and ratings.
Only you can pick which features you want and need. So, ensure to do your homework. What is exceptional for you could be catastrophic for another person.
And, as always, make sure to develop credit in the advised order for the best, speediest benefits.