Top 10 Business Credit Cards for Low Credit
Managing daily expenditures is a difficult task, especially if you own a business. One of the best ways to have good control over your expenditures is by benefiting from a business credit card. Using a reliable business credit card will allow you to keep a good credit score because a low credit score decreases your credit options. If you are confused about choosing a business credit card, our picks will help you choose one for low credit.
Business Credit Cards for Low Credit
There are a lot of business credit cards available for low credit. These business cards help people build a good business credit so that they can avail more credit options. Following are the top 10 business credit cards for low credit:
1. Capital One Spark Classic
This card allows the cardholder to get rewards without even improving their credit score. If you make payments on time and have low balance records, you can easily build a good credit score, but you should know that a credit score is reviewed by the credit reporting agencies. There is no annual fee for this card, and you can also earn 1% cashback on all purchases.
2. Indigo Platinum MasterCard
If you think bankruptcy can stay on your business card for years to come, you must consider this card. This card has relaxed policies for those who have faced bankruptcy. Before applying, the card will check if you pre-qualify for it or not. The annual fees are small, and there is no security deposit required either.
3. Wells Fargo Business Card
This card allows business owners to secure their credit between the range of $500 and $25,000. This card offers a very low interest rate, and there is a grace period of 21 days on anything you buy. You will also get a 1% cashback on each purchase.
If your credit score is 500 or higher, this card is a good option. There is no minimum credit score required for it, but it is better if you have a score of at least 500. There are very few qualification requirements for this card, and funding is also fast.
Fundbox is another business credit card that is easier to qualify for and that offers flexible options for early payments. The credit card requires a working capital of up to $100,000, and there are no personal credit score requirements.
6. Milestone Gold MasterCard
If you have a previous bankruptcy, this card is a good option as it won’t disqualify you. The pre-qualification option of this credit card will not affect your credit score and thus, you can qualify for a low annual fee too.
7. Total Visa Unsecured Credit Card
Total Visa Unsecured Credit Card will help you get a good credit score and decrease the risk of overspending. If you want to build your credit in a disciplined manner, you should consider this.
8. Discover it Secured Card
This card will allow you to qualify for the rewards and is among the best secured credit cards that you can get. There is no pre-qualification required.
9. USAA Secured Card American Express Card
There is no pre-qualification required for this card and it comes with an annual fee of $35, which is very low. This card is a good option if you belong to the military.
10. BBVA Compass Business Secured Visa Credit Card
The annual fee for this card is $40 and the interest rate is very low. You get a point for each dollar you dish out, and you don’t have to pay any reward enrollment fee.