The Very Best Gas Cards for Small Business During the US Recession
As the COVID-19 situation worsened, we took a look at a number of gas cards for small business and did the research for you. US recession or no US recession, you’ve got to fill your tank! So, here are our preferences.
Per the SBA, business credit card limits are a whopping 10 – 100 times that of personal credit cards! This demonstrates you can get a lot more money with small business credit.
Small business credit is independent of the economy. Coronavirus or not, these credit cards are out there – but be aware that, as the situation drags on, some of the requirements could change. Always be sure to check the links directly to be sure to get 100% up to date information straight from the source.
And you will not need collateral, cash flow, or financials in order to get business credit.
The Benefits of Gas Cards for Small Business
Benefits can vary. So, make sure to select the benefit you like from this choice of options.
Build Business Credit During the US Recession with Excellent Gas Cards Via Our Business Credit Builder
Our Business Credit Builder is full of amazing business credit cards and that includes gas cards!
76
So, check out this card from 76. It reports to Dun & Bradstreet, Experian, and Equifax.
To Qualify, you need:
- A Fundability Foundation™
- If you’re not approved based on business credit history or been in business a 1 year, then a $500 deposit is needed or a Personal Guarantee (PG)
To Apply: Online or over the phone
Terms: Net 22
Get it here: 76fleet.com
Marathon
Check out this great card from Marathon. It reports to Dun & Bradstreet, Experian, and Equifax.
To Qualify, you need:
- A Fundability Foundation
- You can give a $500 deposit instead of using a personal guarantee if in business less than a year.
To Apply: Online
Terms: Net 22
Get it here: marathonbrand.com
Wex Fleet Card
And check out the Wex Fleet Card. It reports to Dun & Bradstreet, Experian, and Equifax.
To Qualify, you must have:
- A Fundability Foundation
- If you’re not approved based on business credit history or been in business a 1 year, then a $500 deposit is needed or a Personal Guarantee (PG)
To Apply: Online or over the phone
Get it here: onlineservices.secure.force.com/creditapplication/WexBOCA?pgm=WEXFleetUniversal&cc=BCOMPARE&lc=bcompare
Terms: Net 22 but can be extended to Net 30
Dependable Credit Cards for Fair to Poor Credit, Not Calling for a Personal Guarantee (get Rideshare Points – to Supplement Your Gas Cards)
Brex Card for Startups
Look into the Brex Card for Startups. It has no yearly fee.
You will not need to supply your Social Security number to apply. And you will not need to provide a personal guarantee. They will take your EIN.
However, they do not accept every industry.
Likewise, there are some industries they will not work with, and others where they want added paperwork. For a list, go here: brex.com/legal/prohibited_activities.
To determine creditworthiness, Brex checks a corporation’s cash balance, spending patterns, and investors.
So you can get 7x points on rideshare. Get 4x 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 poor credit (even a 300 FICO) to qualify.
Find it here: brex.com/lp/startups-higher-limits
The Best Gas Cards for Small Business for You During the US Recession and Beyond
So your outright best gas cards for small business will always hinge on your credit history and scores.
Only you can pick which features you want and need. So make sure to do your homework. What is outstanding for you could be catastrophic for another person.
And, as always, make certain to establish business credit in the recommended order for the best, quickest benefits. The US recession won’t last forever. And with these credit cards and a good payment history, you can emerge from the US recession even better off than you were before.
