Published By Janet Gershen-Siegel at May 17, 2018
Written by Janet Gershen-Siegel
Are you looking for small business credit cards for fair credit? We did the research for you. We examined a lot of business credit cards; here are our favorites, for fair credit and other great perks.
Per the SBA, corporate credit card limits are 10 – 100 times those of personal cards!
This shows you can get a lot more cash with company credit. And this also means you can have personal credit cards at shops, and now have an additional card at the same shops for small business. And you won’t have to provide collateral, cash flow, or financial information to get business credit. Yes, even with fair credit.
Benefits vary, so make certain to choose the reward you prefer from this assortment of alternatives.
For Fair Credit, we are partial to the Capital One Spark Classic for Business. It has no yearly fee. There are cash-back rewards. You will need a credit score of 690 or higher. NOTE: the ongoing APR is 23.99% variable APR. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
For a 0% APR time frame, we prefer the Ink Business Cash ℠ Credit Card. You pay no annual cost. It’s got an interest-free period. It has flexible cash-back rewards. There are spending limits for employees. You will need a credit score of 690 or higher. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-cash
For an introductory 0% APR period, we also prefer the Blue Business ℠ Plus Credit Card from American Express. It has an introductory 0% APR for 15 Months. You can earn double points on regular company purchases up to annual limit. The normal APR is 12.24% – 20.24% (variable). Get it here: https://creditcard.americanexpress.com/blue/
For Travel Points, we prefer the Gold Delta SkyMiles Business Credit Card from American Express. Get 30,000 bonus miles after you make $1,000 in purchases on your new card within your first three months. Terms and limitations apply.
In addition earn a $50 statement credit after you make a Delta purchase with your new card within your first three months. Earn two miles per dollar spent on purchases made directly with Delta. Earn one mile on each eligible dollar spent on purchases. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/gold-delta-skymiles/44279
So check out the Business Platinum Card from American Express. Travel benefits including access to these airport lounge networks:
You also get Gold Status when you register 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, including access to TSA PreCheck program.
Also, you get one point for every dollar spent on most purchases. You get 1.5 times the points on charges of $5,000 or more on qualifying purchases, up to one million added points per year. You 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
Also, make sure to have a look at the Ink Business Preferred Card from Chase. Earn 80,000 bonus points after you spend $5,000 on purchases within your first 3 months from account opening.
Also, earn three points for each dollar on the first $150,000 spent 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.
Earn one point for each dollar on all other purchases. There is no cap to the amount you can earn. Get it here: https://creditcards.chase.com/credit-cards/small-business/ink-business-preferred
For Low APR/Balance Transfers Business Credit Cards, we prefer the U.S. Bank Business Edge Platinum. You start with twelve months of 0% APR financing on new purchases and balance transfers. There is a 3% balance transfer cost. After that, the purchase APR is a variable 10.49% – 18.49%, which is dependent on creditworthiness.
Also, there is no yearly fee. This card is solely offered to those with great or excellent credit. Unfortunately, there is no rewards program for purchases. Get it here: https://www.usbankedge.com/credit/business-edge-platinum.do
Also, take a look at the Blue Business Plus Credit Card from American Express. It has a 15-month initial 0% APR offer. There is no yearly fee. Right now corporations can earn double points on the first $50,000 in purchases per year. Get it here: https://creditcard.americanexpress.com/blue/
So check out the Wells Fargo Business Secured Credit Card. It enables cardholders to procure a credit limit of $500 – $25,000. The amount available corresponds to the amount of money you furnish 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 higher your yearly fee is going to be.
Also, this card allows business owners with unsatisfactory personal credit to obtain a card to make purchases and establish business credit. The card will just report to the personal credit bureaus if you default or are late on payments. Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/
Take a look at the SimplyCash Plus Business Credit Card from American Express. You can earn as much as $400 cash back. Earn a $200 statement credit after spending $5,000. You get 5% cash back at US office supply stores and on wireless phone services bought directly from US service providers. This applies to the first $50,000 of annual spending.
You also get 3% cash back on the spending category of your choice.
This is from eight separate categories, consisting of air travel, gas, advertising and computer purchases. It applies to first $50,000 of annual spending. Additionally you get 1% cash back on all other purchases. So get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279
Also, take a look at the Bank of America Business Advantage Cash Rewards MasterCard Credit Card. With it, you can earn a $200 statement credit after $500 in purchases within 60 days of account opening. You also get 3% cash back on purchases at filling stations and office supply stores (up to $250,000 yearly).
Also, you get 2% cash back on purchases at eateries, and 1% cash back on all purchases. There is no annual fee. It is available to applicants with outstanding credit. Your 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/
Furthermore, take a look at the Spark Cash Select from Capital One. You get 1.5% cash back on all purchases, with no limits. New cardholders can also get a $200 cash bonus as soon as they spend $3,000 on new purchases during the first three months of account opening.
Also, new customers also get introductory APR of 0% on purchases for nine months. There is no yearly fee. Get it here: https://www.capitalone.com/small-business/credit-cards/spark-cash-select/
So check out the Business Gold Rewards Card from American Express OPEN. You can get 50,000 Membership Rewards points after $5,000 in purchases on the card in the first three months. Also, you get three points on your choice of five categories, two times the points on the other categories, and one point per dollar on all other purchases.
It has a $0 annual fee for the first year. However, your annual fee goes up to $175. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-gold-rewards
Also, check out the Business Platinum ® Card from American Express OPEN. You can get as many as 75,000 Membership Rewards points at account opening. You can also earn 50,000 Membership Rewards points after spending $10,000. Also, you can get extra 25,000 points after spending an additional $10,000 all on qualified purchases during the first three months.
Additionally you can get five times the Membership Rewards points on airline flights and pre-paid hotels on amextravel.com. However, it has a $450 annual fee. Get it here: https://www.americanexpress.com/us/small-business/credit-cards/business-platinum/44279
So your very best corporate credit cards depend on your credit history and scores. Just you can figure out which features you want and need, so make sure to do your research. And, as always, build credit in the right order. Because this is for the highest, fastest benefits. Check out how this will help your company get business credit cards.