Business bank card can aid entrepreneur enhance costs, gain benefits and financing bigger acquisitions. However, opening up a brand-new charge card can in some cases be simpler stated than done.
When making an application for a company charge card, providers might consider your individual credit rating if you do not have a company credit scores record yet. As such, entrepreneur with reduced individual credit history might have problem being authorized for a company charge card with desirable terms.
Fortunately, some calling card are simpler to obtain than others. Select examined lots of prominent alternatives to establish which calling card are the simplest to obtain authorized for. (See our methodology to learn more on just how we made this checklist.)
Easiest company bank card to obtain
Compare interest-bearing accounts
Best for a typical credit rating
Capital One Spark 1% Classic
Information about the Capital One Spark Classic has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication.
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Rewards
Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel and 1% on all other purchases
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Welcome bonus
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Annual fee
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Intro APR
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Regular APR
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Balance transfer fee
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Foreign transaction fee
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Credit needed
Pros
- No annual fee
- Free employee cards
- Average credit may qualify
- Redeem cash back for any amount at any time
- No fee charged on purchases made outside the U.S.
Cons
- No welcome bonus
- No introductory 0% financing offers for purchases or balance transfers
Who’s this for? The *Capital One Spark 1% Classic is best for business owners who have fair or average credit. It’s often difficult to find an unsecured credit card that accepts applicants with less-than-ideal credit scores, making the *Spark 1% Classic stand out.
Standout benefits: The *Capital One Spark 1% Classic credit card doesn’t charge an annual fee or foreign transaction fee. This card also lets customers earn cash back while they are building their credit.
Best for poor credit score
Bank of America Business Advantage Unlimited Cash Rewards Secured credit card
Information about the Bank of America Business Advantage Unlimited Cash Rewards Secured card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
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Rewards
Earn unlimited 1.5% cash back on all purchases
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Welcome bonus
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Annual fee
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Intro APR
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Regular APR
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Balance transfer fee
4% of each transaction (minimum $0)
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Foreign transaction fee
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Credit needed
Pros
- No annual fee
- Bad credit may qualify
- Opportunity to transition to an unsecured card for qualified cardholders
- Flexible redemption options
Cons
- $1,000 minimum security deposit
- No welcome bonus
- No introductory 0% financing offers for purchases or balance transfers
Who’s this for? The Bank of America Business Advantage Unlimited Cash Rewards Secured credit card is geared toward business owners with poor or bad credit. As a secured credit card, you’ll need to put down a deposit that acts as your “credit limit” to use this card. The minimum security deposit required for this card is $1,000.
Standout benefits: Secured credit cards generally aren’t very rewarding, but cardholders can earn an unlimited 1.5% cash back on all purchases. And if you have a Bank of America Business Advantage 360 account, you can access your Dun & Bradstreet business credit score for free.
Pro suggestion: You can combine this card with a Bank of America company savings account
If you wish to maintain as much of your company economic task under the exact same roofing, you might wish to open up a Bank of America Business Advantage Fundamentals™ Banking account. You can gain a $200 bonus offer when you open up an account and fulfill the bonus offer needs. Plus, down payments right into Bank of America company accounts aid you get approved for the Preferred Rewards for Business program, which can increase your charge card benefits and unlock reduced costs and funding expenses.
Bank of America Business Advantage Fundamentals™ Checking
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Special deal
Earn a $200 money bonus offer when you fulfill needed certifications *
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Monthly upkeep charge
$ 16 with alternatives to forgo
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Minimum down payment to open up
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Minimum equilibrium
$ 5,000 to forgo the month-to-month charge
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Annual Percentage Yield (APY)
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Free atm machine network
16,900 Bank of America Atm Machines
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atm machine charge compensation
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Small company advantages
Digital cashflow devices, mobile financial, account equilibrium notifies
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Overdraft charge
$ 10 per product (approximately 2 costs daily). Accounts can be readied to decrease deals when there want funds.
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Mobile check down payment
Terms use. Bank of America is a Member FDIC.
*Earn a cash money bonus offer in 3 actions:
- Open a brand-new qualified company inspecting account by December 31, 2024.
- Deposit $5,000 or even more in New Money * straight right into your brand-new qualified company inspecting account within 30 schedule days of account opening; AND
- Maintain a typical equilibrium of $5,000 or even more because account throughout the Maintenance Period ** 1 which starts 31 schedule days after account opening and finishes 90 schedule days after account opening.
Best for startups without a credit report
Brex Card
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Rewards
Earn benefits and money back on every little thing you invest, like 7x on rideshare, 2x on repeating software application, and gain access to unique occasions and over $400K in software application price cuts.
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Welcome bonus offer
10,000 factors when you invest $3,000 on your Brex card within 3 months of your Brex company account being opened up.
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Annual charge
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Intro APR
Brex does not bill rate of interest
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Regular APR
Brex does not bill rate of interest
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Balance transfer charge
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Foreign deal charge
No international deal costs, cost-free ACH and cords worldwide, worldwide approval on the Mastercard network
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Credit required
No individual assurance or credit score check. Only firms arranged and signed up in the United States might request a Brex account. See Platform Agreement for company standards.
Pros
- No yearly charge
- No international deal charge
Cons
- You’ll need to repay the equilibrium day-to-day or month-to-month
*Offer readily available to brand-new Brex Card clients just.
Brex Mastercard ® provided by Emigrant Bank, Member FDIC. Brex Cash supplied by Brex Treasury LLC, participant FINRA and SIPC. Brex Treasury is not a financial institution; Brex Cash is not a checking account. Testimonials might not stand for experiences of all customers. Terms use, check out brex.com. Information regarding the Brex Card has actually been accumulated separately by Select and has actually not been examined or supplied by the company of the card before magazine.
Who’s this for? The Brex Card is terrific for startups and fast-growing services due to the fact that opening a Brex account and making an application for the Brex Mastercard ® Corporate Credit Card does not depend on the proprietor’s credit history. On the other hand, unlike standard bank card, it needs cardholders to repay their equilibriums completely either day-to-day or month-to-month.
Standout advantages: Brex cardholders have accessibility to a variety of beneficial attributes for services, consisting of cost administration devices and price cuts with different suppliers.
Best for constructing individual credit score
Discover it® Secured Credit Card
On Discover’s safe website
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Rewards
Earn 2% money back at Gas Stations and Restaurants on approximately $1,000 in mixed acquisitions each quarter, immediately. Plus gain unrestricted 1% money back on all various other acquisitions.
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Welcome bonus offer
Discover will match all the money back you’ve gained at the end of your initial year
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Annual charge
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Intro APR
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Regular APR
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Balance transfer charge
3% introductory equilibrium transfer charge, approximately 5% charge on future equilibrium transfers (see terms) *
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Foreign deal charge
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Credit required
Pros
- Cash- back program
- Generous welcome bonus offer
- Starting at 7 months from account opening, Discover will immediately evaluate your charge card account to see if you can shift to an unprotected credit line and return your down payment
Cons
- Cash- back program restrictions incomes: 2% money back at filling station and dining establishments on approximately $1,000 in mixed acquisitions each quarter, after that 1%
- Low credit limit avoids cardholders from billing high-cost things or lots of costs
Who’s this for? While the Discover it® Secured Credit Card is an individual charge card, it can still serve for those that are preparing to request a company charge card in the future. Improving your individual credit score currently can aid make it simpler to obtain authorized for company bank card with extra appealing deals down the line.
Standout advantages: The Discover it ® Secured Credit Card has an one-of-a-kind welcome incentive deal where Discover matches all the money back you have actually gained at the end of your initial year.
Best for introductory APR
Valley Visa® Secured Business Credit Card
Information regarding the Valley Visa ® Secured Business Credit Card has actually been accumulated separately by Select and has actually not been examined or supplied by the company of the card before magazine.
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Rewards
Unlimited 1% money back on all acquisitions
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Welcome bonus offer
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Annual charge
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Intro APR
0% on acquisitions and equilibrium transfers for initial 6 payment cycles, variable APR afterwards
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Regular APR
16.20% to 27.75% variable APR
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Balance transfer charge
4% of the quantity of each equilibrium transfer or $5, whichever is better
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Foreign deal charge
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Credit required
Pros
- No yearly charge
- 0% introductory APR deal on acquisitions and equilibrium transfers
- Unlimited money back on all acquisitions
Cons
- No welcome bonus offer
- High ahead of time down payment needed
Who’s this for? If you’re dealing with structure or re-building your credit score and wish to make use of a 0% intro-APR deal, the Valley Visa® Secured Business Credit Card is an uncommon card that covers both of those demands.
Standout advantages: With a brand-new Valley Visa Secured Business Card account, you’ll obtain a 0% introductory APR for 6 months from account opening on acquisitions and equilibrium transfers. Once the introductory APR runs out, a variable 16.20% to 27.75% APR uses. There is a 4% equilibrium transfer charge with a $5 minimum.
Best for companies
Ramp Visa Corporate Card
Information regarding the Ramp Visa Corporate Card has actually been accumulated separately by Select and has actually not been examined or supplied by the company of the card before magazine.
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Rewards
Earn an unrestricted 1.5% money back on all acquisitions
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Welcome bonus offer
Receive $250 after you use and are authorized without minimal costs need.
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Annual charge
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Intro APR
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Regular APR
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Balance transfer charge
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Credit required
No individual assurance or credit score check.
Pros
- Strong cash-back price
- No yearly charge
Cons
- Need a minimum of $75,000 in a united state company savings account to certify
Compare inspecting accounts
More on our choices for the simplest company bank card to obtain
Capital One Spark 1% Classic
Rewards
- 5% back on hotels and rental cars you book through the Capital One Travel site
- 1% back on all other purchases
Welcome bonus
None
Annual fee
$0
Notable perks
The *Capital One Spark 1% Classic has no foreign transaction fees and offers roadside assistance and extended warranty protection. Account holders can request free employee cards and take advantage of various Capital One account management tools for businesses.
Bank of America Business Advantage Unlimited Cash Rewards Secured charge card
Rewards
- 1.5% cash back on all purchases
Welcome bonus
None
Annual fee
$0
Notable perks
This card offers the ability to upgrade to an unsecured card after demonstrating positive credit habits for a certain amount of time. Cardholders also get access to cash flow management tools that let them schedule automatic payments and transfers as well as download transactions into QuickBooks.
Those with a Business Advantage 360 account can also access their Dun & Bradstreet business credit score for free.
Brex Business Card
Rewards
Cardholders enrolled in Brex Exclusive Rewards that make day-to-day repayments gain the highest possible benefits:
- 7X factors per buck on rideshare
- 2X factors per buck on repeating software application
Learn extra regarding all benefit multipliers and alternatives here.
Welcome bonus offer
10,000 factors when you invest $3,000 on your Brex card within 3 months of your Brex company account being opened up.
Annual charge
$ 0
Notable advantages
Although a card like the Brex Card might operate like a debit card, it supplies the basic collection of advantages that you would certainly anticipate from a bank card. In enhancement to the charitable benefit framework, cardholders can make use of advantages connected with the World Elite Mastercard ® for Business program, consisting of:
- Discounts on prominent software application for services, such as TurboTax, Microsoft 365, QuickBooks® and Salesforce Essentials
- MasterRental Insurance, which covers damages or burglary of a rental automobile if you utilize your card to spend for it
- Complimentary ShopRunner subscription, worth a worth of $79 annually for advantages like cost-free return delivery and unrestricted cost-free two-day delivery
- Mastercard’s Easy Savings program, which allows you rack up discounts for resort remains, eating, automobile leasings, gas and various other overhead throughout the united state
There’s likewise no limitation to the variety of staff member bank card you can obtain from Brex.
Discover it ® Secured Credit Card
The Discover it® Secured Credit Card is Select’s leading general guaranteed charge card. It can aid entrepreneur construct their individual credit score, and at some point aid them get approved for the leading company bank card. It supplies lots of advantages that are normally discovered with unsafe cards, consisting of cash-back benefits, a charitable welcome bonus offer and no international deal costs– all for no yearly charge.
Rewards
- Earn benefits and cashback on every little thing you invest
- 2% money back at filling station and dining establishments on approximately $1,000 in mixed acquisitions each quarter
- 1% money back on all various other acquisitions
Welcome bonus offer
- Discover will certainly match the money back you gain throughout the initial year without minimal costs need or cap on the suit.
Annual charge
$ 0
Notable advantages
The Discover it® Secured Credit Card bills $0 in international deal costs, which can conserve your company cash if you regularly make acquisitions abroad. Plus, after 7 months from account opening, Discover immediately assesses your charge card account to see if you can update to an unprotected credit line.
Valley Visa ® Secured Business Credit Card
The Valley Visa® Secured Business Credit Card is a safeguarded no yearly charge calling card that can conserve you rate of interest on acquisitions and equilibriums you move.
Rewards
- 1% money back on all acquisitions
Welcome bonus offer
None
Annual charge
$ 0
Notable advantages
You can make use of an introductory 0% APR for the initial 6 payment cycles on acquisitions and equilibrium transfers, afterwards a variable 16.20% to 27.75% APR uses. The equilibrium transfer charge is 4% of the quantity you move with a $5 minimum.
Your credit line is based upon your down payment and the down payment requires to cover 110% of the credit line you desire (approximately $25,000 optimum). So if you desire a $1,000 credit line, you require a down payment of $1,100.
Ramp Visa ®Corporate Card
The Ramp Visa® Corporate Card has a large range of attributes that will certainly make handling your company simpler. To get approved for Ramp your business requires to contend the very least $50,000 in a UNITED STATE company savings account, be a company signed up in the united state and most of your procedures and costs must remain in the UNITED STATE
Rewards
- Up to 1.5% money back on all acquisitions
Welcome bonus offer
Earn $250 after authorization without minimal costs needed.
Annual charge
$ 0, with a complimentary registration, paid registrations readily available
Notable advantages
The Ramp Corporate Card has a variety of attributes focused on conserving your company money and time. You can establish card costs restrictions and enhance cost monitoring with automated invoice matching. In enhancement, lots of audit software application solutions incorporate with Ramp.
The 1.5% money back function is figured out case-by-case for all Ramp cards based upon aspects such as the business’s sector and variety of workers.
You’ll likewise have accessibility to advantages from amassive list of business service providers You can make use of bargains and price cuts on traveling administration solutions, sales and advertising devices and partnership software application.
Other advantages consist of:
In enhancement to straight money back or present cards, you can move Ramp compensates to airline company and resort companions at a 1.5:1 proportion (other than where kept in mind) consisting of:
- Air France/ KLM Flying Blue
- Cathay Pacific Cathay
- British Airways Executive Club
- Emirates Skywards (2:1)
- Etihad Guest
- EVA Air Infinity MileageLands
- Marriott Bonvoy
- Qantas Frequent Flyer
- Qatar Airways Privilege Club
- FAUCET Air Portugal Miles&&Go
- Wyndham Rewards
Business proprietors and account managers can move indicate a worker’s airline company or resort commitment account, as long as they are a Ramp customer with business that is asking for the transfer.
Find the most effective charge card for you by evaluating deals in our charge card market or obtain customized deals through CardMatch™
How to obtain authorized for a company bank card
To get approved for a company charge card, you have to run a company. This might be a full time endeavor or a part-time side rush, also consultants or independent professionals might certify.
In addition, you’ll also have to share the details about your business, including:
- Annual revenue
- Business address and contact information
- Business tax ID
- Business name
- Industry
- Number of employees
- Years in business
- Estimated monthly credit card expenses
Some of the business details on your application can match your personal information. For example, you can use your personal address and phone number as your business address. If you’re a freelancer or don’t have a registered business name, you can use your name as your business name. Also, sole proprietors may be able to use an SSN as their business tax ID, but if you have an Employer Identification Number, you’ll want to use that.
What are the easiest types of business credit cards to get approved for?
Most business credit cards designed for small businesses require a personal guarantee, which means your personal credit score factors into your approval. Just like with consumer travel credit cards and rewards credit cards, the most valuable options usually require a good to excellent credit score.
However, secured business credit cards are available if you have no credit history or a low credit score. This type of credit card requires an upfront refundable security deposit which determines your credit limit.
Corporate credit cards are typically available without a personal guarantee or personal credit check requirement. So in that sense, they are easier to get, but you’ll need a larger business to qualify. Corporate cards may have a minimum revenue requirement or require a certain number of employees. Many small businesses won’t meet those standards.
FAQs
Do banks check personal credit for a business credit card?
Credit card issuers usually check your personal credit when you apply for a business credit card. However, if you’re applying for a secured business credit card, your credit score and credit history may not be considered for approval.
How do I know if my business qualifies for a credit card?
Many types of businesses qualify for a business credit card. You don’t need to register and incorporate your business before applying for a business credit card, but keep in mind that incorporating your business protects you from personal liability for any business debt you accrue.
How long does it take to get a business credit card?
It can take seven to 10 business days to receive your business credit card once you’ve been approved. The approval timeline may depend on the card issuer.
How do I get business credit with bad personal credit?
It is possible to get business credit with bad personal credit. Some lenders may approve you with bad credit if the overall health of your business is strong, though you may have to pay higher fees or interest rates.
An Employer Identification Number (EIN) can help you establish business credit separate from personal credit. Applying for a secured credit card can also help you improve your credit before transitioning to an unsecured line of credit.
Why trust Select?
At Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the easiest business credit cards.
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Our methodology
To determine which business credit cards are the easiest to get approved for, Select analyzed the most popular credit cards available to U.S. business owners with poor or average credit.
We compared each card on a range of features, including minimum and maximum security deposit, rewards (e.g., cash back, points and miles), annual fees, welcome bonuses, introductory and standard APR and balance transfer fees and foreign transaction fees. We also considered additional perks (e.g., ongoing travel or merchant statement credits), cardholder protections (e.g., purchase protection, $0 liability protection and travel insurance), the application process when available (e.g., is there a credit pull or required credit score) and how easy it is to redeem points (e.g., are rewards are tied to a specific brand; if transferable, to how many/which partners, can you redeem for straight cash back).
We also considered Select audience data when available, such as general demographics and engagement with our content and tools.
The main criteria in our ranking were the rewards rates and accessibility to a small business owner without good credit. The fewer costs a card required, and the more rewards it offered to offset them, the higher it ranked on our list.
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*Information regarding the Capital One Spark 1% Classic Credit Card has actually been accumulated separately by Select and has actually not been examined or supplied by the company of the card before magazine.
Editorial Note: Opinions, evaluations, testimonials or suggestions shared in this short article are those of the Select content team’s alone, and have actually not been examined, authorized or otherwise backed by any kind of 3rd party.
