Tillful was a business credit company that offered a secured business credit card, free business credit scores, and related services.
Tillful was acquired by Nav on July 17th, 2023.
Most of its services were already offered by Nav. Others have been discontinued.
If Tillful has appeared on your radar, here’s our Tillful review and guidance on which alternatives will help you build credit effectively.
Tillful Overview
Tillful was a comprehensive credit-building platform.
Arguably, Tillful was most known for its secured credit-builder card. The Tillful card had a minimum security deposit of $500, 0% APR, and 1.5% cash back. It also featured limited fees.
Nav had previously planned to provide a similar offering after acquiring Nav. However, the Nav Secured Card was cancelled. It would have likely had similar reporting practices. The Tillful card reported to one credit bureau: Equifax Business.
Tillful offered more services than just their Tillful credit builder card. This included a free business credit score and credit monitoring services, business funding resources, and related business services that small business owners could take advantage of.
The Tillful credit account may be gone, but there are similar services out there. Whether you’re looking for secured business credit cards or credit-building solutions, consider the options below.
Tillful Alternatives
1. Valley Visa Secured Business Credit Card
The Valley Visa Secured Business Credit Card is a no-frills secured credit card issued by Valley Bank.
This secured credit card requires you to deposit 110% of your desired credit limit, up to $25,000. This allows you to determine your own credit line.
Some of the highlights of this secured card include no annual fee, 0% introductory APR for six months (15.20% to 26.50% afterward), and 1% unlimited cashback.
Speaking to the strengths of Valley Bank, signing up for a secured card here offers:
- Dedicated customer service that will help you do anything from checking your balance to reporting theft.
- Worldwide buying power and ATM access powered by Visa.
- Online and mobile banking for seamless account management.
It’s a solid secured business credit card with simple terms. If you enjoyed what the Tillful card had to offer and you’re looking for something close to it, consider the Valley Visa Secured Business Credit Card.
2. Bank of America Business Advantage Unlimited Cash Rewards Secured Credit Card
The Bank of America Business Advantage Unlimited Cash Rewards Secured credit card helps businesses access funding and build their credit at the same time.
The Bank of America Business Advantage Unlimited Cash Rewards Secured credit card isn’t too far off from the Valley Visa Secured Business Credit Card. With this secured card, you receive:
- The ability to build credit with a minimum $1,000 security deposit.
- Periodic reviews to adjust your credit line for more funding.
- Unlimited 1.5% cash back.
- Multiple ways to receive cash rewards. Deposit them to your bank, mail a check to yourself, or use your rewards to help pay off your credit card.
- No annual fee.
- Purchase Rate Variable APR of 27.49%.
This comes alongside its other features like:
- Cash flow management services
- Travel insurance and other emergency services
- Free D&B business credit scores (if you qualify)
- Zero liability protection
- Fraud monitoring
- And more
It doesn’t offer an introductory APR. You’ll likely find better offers when researching secured vs unsecured business credit cards.
The variable APR is a bit high, but it’s not a bad card if you want a secured business credit card now. It’s a solid contender alongside Tillful and the Valley secured business credit card.
3. Net 30 Accounts
Net 30 accounts are different from secured business credit cards.
With a net 30 account, like those offered by tier 1 business credit vendors, you receive a credit limit. When you shop with them, you use a portion of that credit, paying them 30 days later.
Tier 1 business credit vendors are easy to qualify for. You generally won’t have to worry about bad credit or being a new small business getting in your way.
More than that, there is a host of net 30 accounts to choose from. These include:
- Grainger
- Uline
- Quill
- Staples
- Wise Business Plan
- Creative Analytics
Whether you frequently shop for office supplies, personalized goods, or business services, there’s a net 30 account out there for your small business.
Take care to research their reporting practices. Not all net 30 accounts will report to the three major business credit bureaus. If you sign up to receive a credit line that doesn’t appear on your credit report, it will do little for your business.
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