Business Credit Cards

If you have bad credit, it can be difficult to get approved for a credit card, let alone a business credit card. However, having a business credit card can be crucial for managing expenses and building credit for your business. Luckily, there are options out there for those with less-than-perfect credit. In this article, we’ll take a look at the top 5 business credit cards for people with bad credit, so you can compare and choose the best one for your needs.

1. Capital One Spark Classic for Business

The Capital One Spark Classic for Business is a great option for those with bad credit who still want to earn rewards on their spending. With this card, you’ll earn 1% cash back on all purchases, with no limit to how much you can earn. Plus, there’s no annual fee, which is great if you’re trying to keep costs low.

2. Wells Fargo Business Secured Credit Card

If you’re having trouble getting approved for an unsecured credit card, the Wells Fargo Business Secured Credit Card is a good alternative. This card requires a security deposit, but in exchange, you’ll get a credit limit that’s equal to the amount of your deposit. Plus, you’ll earn 1.5% cash back on all purchases, which can add up quickly.

3. BBVA Compass Secured Visa Business Credit Card

Another secured credit card option is the BBVA Compass Secured Visa Business Credit Card. With this card, you’ll also need to make a security deposit, but you’ll get a credit limit that’s equal to your deposit. This card has a low annual fee of $40, and you’ll earn 1 point for every $1 you spend, which you can redeem for travel, merchandise, and more.

4. U.S. Bank Secured Business Credit Card

The U.S. Bank Secured Business Credit Card is another secured card option that can help you build credit. With this card, you’ll need to make a security deposit, but you’ll get a credit limit that’s equal to your deposit. This card has a low annual fee of $29, and you’ll earn 1 point for every $1 you spend, which you can redeem for cash back, merchandise, and more.

5. First National Bank Business Edition Secured Visa Card

The First National Bank Business Edition Secured Visa Card is a great option for those who want to build credit but don’t want to pay a high annual fee. This card has an annual fee of just $39, and you’ll earn 1 point for every $1 you spend, which you can redeem for travel, merchandise, and more. Plus, you’ll get free access to your FICO credit score, which can help you track your progress.

Conclusion

Having bad credit doesn’t mean you can’t get a business credit card. With these top 5 options, you can compare and choose the best one for your needs. Whether you want to earn rewards on your spending or simply build credit, there’s a card out there for you. Just be sure to use your card responsibly, pay your bills on time, and keep your balances low to improve your credit score over time.