Best Business Credit Cards for Bad Credit

of February 2025

Best-Business-Credit-Cards-for-Bad-Credit

In This Article

A business credit card can be a game-changer for managing finances, but obtaining one can be challenging if you have a bad credit score. Fortunately, there are specialized credit cards that are designed to meet the unique needs of business owners like you that are working to rebuild their credit while managing daily expenses.

Options range from secured cards that require a deposit—providing a safety net and a chance to establish creditworthiness—to cards offering cashback rewards and no annual fees, turning every purchase into a step toward better financial health. Innovative solutions, such as virtual cards and advanced expense management tools, allow for meticulous budget tracking and fraud protection, ensuring your business remains secure. Securing the right business credit card is crucial as it provides a strategic pathway to financial stability and growth. Few of these Credit cards include:

1. First National Bank of Omaha Business Edition® Secured Mastercard®
2. Capital One® Spark® Classic for Business
3. Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secured
4. Ramp Card
5. Brex Card
6. Bento for Business
7. Suncrest Bank Business Card
Overview of Best Business Credit Cards for Bad Credit
How to Choose the Best Business Credit Cards for Bad Credit
Pros & Cons of Best Business Credit Cards for Bad Credit
What to Watch Out For…
Pro Tips
Recap

1. First National Bank of Omaha Business Edition® Secured Mastercard®

Business-Credict-Card-First-National-Bank-of-Omaha-Business-Edition-Secured-Mastercard

If your business is looking to establish or rebuild credit, this card offers high credit limits up to $100,000. It’s designed to help you build a strong credit history with reporting to business credit bureaus. Plus, it provides management reports for better financial oversight, crucial for managing expenses effectively.

Pros

  • Offers high credit limits up to $100,000.
  • Reports to business credit bureaus, aiding in credit building.
  • Provides management reports for enhanced financial oversight.

Cons

  • Requires a security deposit of 110% of the credit limit.
  • It charges annual fee of $39.
  • It requires foreign transaction fees apply.
  • Reward Rate: None.
  • Annual Fee: $39.
  • Regular APR: 25.99% variable.
  • Credit Score: Bad/Poor (0 – 649).
  • Security Deposit: 110% of the credit limit.
  • Credit Limit: $2,000 to $100,000.
  • Additional Features: Reports to business credit bureaus, management reports for financial oversight.

2. Capital One® Spark® Classic for Business

Capital-One-Business-Credit-Features

If you manage businesses with average credit, this card offers simplicity and savings. Earn unlimited 1% cash back on all purchases without an annual fee. It’s a straightforward way for you to earn rewards on everyday spending while keeping costs low.

Pros

  • It allows you to earns unlimited 1% cash back on all purchases.
  • It does not require annual fee.
  • It does not require foreign transaction fees.

Cons

  • It does not offer welcome bonus.
  • It has higher variable APR of 29.74%.
  • Reward Rate: 1% cash back on all purchases.
  • Annual Fee: $0.
  • Regular APR: 29.74% variable.
  • Credit Score: Fair/Average (580 – 740).
  • Additional Features: No foreign transaction fees.

3. Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secured

Bank-of-America-Business-Advantage-Unlimited-Cash-Rewards-Secured-Credit-Card

This secured card stands out with 1.5% cash back on all purchases, making it a solid choice for earning rewards while building credit. With no annual fee and the potential to upgrade to an unsecured card, it provides flexibility as your business grows.

Pros

  • It allows you to earn 1.5% cash back on all purchases.
  • It does not require annual fee.
  • It has potential for upgrade to an unsecured card.

Cons

  • It requires a minimum security deposit of $1,000.
  • It has higher variable APR of 28.49%.
  • Reward Rate: 1.5% cash back on all purchases.
  • Annual Fee: $0.
  • Regular APR: 28.49% variable.
  • Credit Score: Bad/Poor (0 – 649).
  • Security Deposit: Minimum $1,000.
  • Additional Features: Potential for upgrade to an unsecured card.

4. Ramp Card

Ramp-Card

If your business has strong revenue but needs flexibility with credit requirements, Ramp is ideal. It offers unlimited 1.5% cash back on all purchases without a credit check. This makes it accessible and rewarding for businesses focused on maximizing cash flow.

Pros

  • It does not require any credit check.
  • It allows you to earns unlimited 1.5% cash back on all purchases.
  • It does not have any annual fee.

Cons

  • It requires strong revenue and a healthy bank balance.
  • It has limited availability due to eligibility criteria.
  • Reward Rate: 1.5% cash back on all purchases.
  • Annual Fee: $0.
  • Regular APR: Not applicable (charge card).
  • Credit Score: No credit check required.
  • Additional Features: Designed for businesses with strong revenue, no personal guarantee.

5. Brex Card

Brex-Card

Perfect for startups, the Brex Card requires no personal credit check and offers tailored rewards like 7X points on rideshares and 4X on travel. It’s designed to support early-stage businesses with financial flexibility and significant rewards on business essentials.

Pros

  • It does not require personal credit check.
  • It offers high rewards rates, including 7X points on rideshare and 4X on travel.
  • It has no foreign transaction fees.

Cons

  • It requires a linked bank account with a minimum balance of $50,000.
  • It has a credit limit tied to cash balance.
  • Reward Rate: 7X points on rideshare, 4X on Brex Travel, 3X at restaurants, 2X on software subscriptions, 1X on all other purchases.
  • Annual Fee: $0.
  • Regular APR: Not applicable (charge card).
  • Credit Score: No credit check required.
  • Additional Features: Requires $50,000 in a linked bank account for startups, ties credit limit to cash balance.

6. Bento for Business

Bento-for-Business

Bento is great for small businesses that prioritize expense management. With no credit checks and virtual and physical debit card options, it helps control spending without personal liability. FDIC insurance adds security to your business finances.

Pros

  • It does not require credit checks or personal liability.
  • It offers virtual and physical debit cards.
  • It includes FDIC insurance up to $250,000.

Cons

  • It charges a 3% foreign transaction fee.
  • It has monthly fee that varies based on the number of cards issued.
  • Reward Rate: None.
  • Annual Fee: Varies (monthly fee based on the number of cards).
  • Regular APR: Not applicable (debit card).
  • Credit Score: No credit check required.
  • Additional Features: Virtual and physical debit cards, FDIC insurance up to $250,000.

7. Suncrest Bank Business Card

Enjoy a 0% intro APR for the first 20 billing cycles, ideal for managing cash flow or larger purchases without immediate interest costs. With no annual fee and competitive APRs thereafter, it provides flexibility and savings tailored to your business’s financial needs.

Pros

  • It offers 0% intro APR for the first 20 billing cycles.
  • It has no annual fee.
  • It includes expense management tools.

Cons

  • It has APR ranges from 11.99% to 20.99% variable after the intro period.
  • It requires good credit for approval.
  • Reward Rate: None.
  • Annual Fee: $0.
  • Regular APR: 11.99% – 20.99% variable.
  • Credit Score: Bad/Poor (0 – 649).
  • Additional Features: 0% intro APR for the first 20 billing cycles, expense management tools.

Overview of Best Business Credit Cards for Bad Credit

Overview-of-Best-Business-Credit-Cards-for-Bad-Credit

Navigating credit challenges in business can be eased with several standout options tailored for businesses with bad credit. The First National Bank of Omaha Business Edition® Secured Mastercard® offers high credit limits up to $100,000 and aids in credit rebuilding through bureau reporting and financial oversight tools, though it requires a security deposit and has an annual fee. The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secured stands out with 1.5% cash back on purchases and potential for upgrade to an unsecured card, balanced by a minimum deposit and variable APR.

For simplicity, the Capital One® Spark® Classic for Business offers 1% cash back with no annual or foreign transaction fees but carries a higher APR. The Suncrest Bank Business Card features a 0% APR introductory period, expense management tools, and no annual fee, yet has variable APRs post-introductory period and credit score considerations. Finally, the Ramp Card requires no credit check, offers 1.5% cash back, and no annual fee, ideal for businesses with strong revenue. Each card offers unique benefits suited to different business needs and credit situations, helping businesses rebuild credit and manage finances effectively.

How to Choose the Best Business Credit Cards for Bad Credit

To choose the Best Business Credit Cards for Bad Credit, here is what you should do:

  • Begin by assessing the credit score range accepted by each card.
  • Compare annual fees, security deposit requirements, and APRs.
  • Evaluate rewards programs and benefits offered by each card.
  • Look for extra features like expense management tools and introductory APR periods.
  • Choose a card that reports to business credit bureaus to improve your business credit score.
  • Consider the availability and quality of customer support from the card issuer.

Pros & Cons of Best Business Credit Cards for Bad Credit

  • Offers high credit limits up to $100,000.
  • Reports to business credit bureaus, aiding in credit building.
  • Enable you to management reports for enhanced financial oversight.
  • Give earnings of 1.5% cash back on all purchases.
  • Requires no annual fee.
  • Require a security deposit (110% of credit limit).
  • Have annual fee charges.
  • Have high variable APR
  • Requires a minimum security deposit of $1,000.

What to Watch Out For

When you’re looking at business credit cards, especially if you’re dealing with bad credit, it’s crucial to keep a few things in mind to avoid surprises and make the best choice for your business:

  • High APRs: Watch out for variable APRs that can inflate costs if you carry a balance.
  • Fees: Pay close attention to annual fees, late fees, and foreign transaction fees—they can really add up.
  • Credit Limits: Some cards may start with lower limits, which could impact your ability to manage expenses.
  • Credit Requirements: Even for cards targeting bad credit, there might be minimum score or revenue requirements for approval.
  • Introductory Offers: Be aware of any introductory APRs or bonus rewards and how they change after the initial period.
  • Terms and Conditions: Always read the fine print to understand the details of rewards, liability, and any potential changes to the card’s terms.
  • Credit Score Impact: Using a business credit card responsibly can help rebuild your credit, but missed payments can hurt your progress.

Pro Tips

  • Build Credit Wisely: Use your business credit card responsibly by making payments on time and keeping balances low relative to your credit limit. This can help improve your credit score over time.
  • Monitor Spending: Regularly review your business expenses and use built-in tools or apps provided by the card issuer to track spending. This helps you stay within budget and manage cash flow effectively.
  • Maximize Rewards: If your card offers rewards or cash back, strategize your spending to maximize these benefits. Focus on categories where you earn higher rewards, such as office supplies or travel expenses.
  • Pay in Full: Whenever possible, pay off your balance in full each month to avoid accruing interest charges. This also demonstrates responsible financial management to creditors.
  • Utilize Introductory Offers: Take advantage of any introductory APR periods or bonus rewards offered by the card issuer. Just make sure to understand when these offers expire and how the terms change afterward.
  • Communicate with Customer Service: If you have questions or encounter issues with your card, don’t hesitate to reach out to customer service. Clear communication can help resolve issues promptly and maintain a positive relationship.
  • Review Terms Regularly: Periodically review the terms and conditions of your card to stay informed about any changes in fees, APRs, or rewards programs. This ensures you’re making informed decisions about your financial management.

Recap

In conclusion, navigating the landscape of business credit cards with bad credit requires strategic decision-making and careful management. When you choose a card that suits your business’s financial needs and aligns with your credit profile, you lay the groundwork for responsible credit usage.

Watchful attention to fees, diligent credit management practices, and leveraging rewards and benefits can help improve your credit score while effectively managing business expenses. Regularly reviewing terms and staying informed about changes ensures you make informed financial decisions that support your business’s growth and stability over time. Adopt these practices and maximize the benefits of a business credit card and pave the way for stronger financial health in your business endeavors.

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