In general, the easiest credit cards for a business to get require bad-to-fair credit for approval. It’s also worth noting that while you must have a business to get most of these cards, your personal credit history matters a lot more than your company’s credit standing.
Easy Approval Business Credit Cards
Bad Credit: Business Advantage Unlimited Cash Rewards Secured credit cardLearn More
Limited Credit: Capital One Spark Classic for BusinessLearn Moreon issuer's website
Startups: Brex Corporate Card for StartupsLearn Moreon issuer's website
Store purchases: Office Depot Business Credit CardLearn More
High Approval Odds for Business Owners: Secured Sable ONE Credit CardLearn More
As you can see, there are a few easy approval business credit cards available, so you shouldn’t let limited or damaged credit prevent you from getting the card your business needs. Also, remember that if you pay your bills on time and keep your credit utilization ratio low, your credit should steadily improve over time.
I think the easiest one to get is the Capital One Spark Classic for Business. Especially if you have limited credit. It doesn’t have an annual fee or foreign transaction fees, and you earn 1% cash back on every purchase. And the best part is that it helps you build business credit, provided you use it responsibly.
The easiest one I think would be the Wells Fargo secured business card. Obviously, the fact that it's secured makes it much easier to get approved for, since you'll be basically borrowing from your own money. The downside is (as it is for most started business cards) they'll pull your personal report, not the one assigned to the company.
You need a credit score of 700 or higher to get the best business credit cards. The top business credit cards usually require at least good credit for approval, but there are still options for small business owners with fair, limited or bad credit. In other words, you can get a business credit card with pretty much any credit score, though the most attractive offers are reserved for the most creditworthy applicants.… read full answer
By the way, it’s your personal credit rating that really matters, even though you’re applying for a business credit card. The higher your score is, and the more income you have relative to your debt, the better your chances of approval will be.
Popular Business Credit Cards by Credit Score Requirement
In general, good-to-excellent credit gets you access to the biggest sign-up bonuses, the highest ongoing rewards rates, and lots of options with no annual fee. People with lower scores are more likely to have to choose between low fees and other perks.
If you’re wondering why credit card companies rely on personal credit to evaluate business credit card applications, a lot has to do with personal credit histories usually being longer than the business version. Since they’re longer, they tend to be more predictive. Most credit card companies also consider a business owner’s personal finances to be intertwined with the business. That’s often true, since personal savings are the top source of start-up capital for new businesses.
It isn’t hard to get a business credit card. You can apply for one even if you have a new business without any employees, since these cards don’t require a minimum revenue or time in business for you to qualify.
Some sort of self-employment business income is enough to qualify you for a small business card.… read full answer
As long as as your personal credit score is at least good (700+) or excellent (750+) and your business is verifiable, you have a good chance of getting approved for a business credit card.
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