Business Credit Cards for Bad Credit
WalletHub makes it easy to find the best business credit card for bad credit.
There are very few business credit cards for bad credit. But there are personal credit cards for poor credit that small business owners can use (some cards are from WalletHub partners). Using a personal credit card for business does not increase a business owner’s personal liability. Business credit cards hold users personally liable for unpaid balances, too. So the best credit cards for small business owners with bad credit are pretty much the same as the best cards for anyone with bad credit: secured credit cards.
Secured credit cards are good for business because they give you control over your credit limit and have low fees. Those features are largely due to the fact that your spending limit equals the amount of the refundable security deposit you are required to place. Secured credit cards also report information to the major credit bureaus each month. So on-time payments will help you build the kind of credit needed to qualify for a true business credit card down the road. For now, consider both personal and business credit cards for bad credit. You can check out WalletHub’s favorite business cards for bad credit below.
Best Business Credit Cards for Bad Credit of 2019:
- Wells Fargo Business Secured Credit Card - Best for Business Features
- Capital One® Spark® Classic for Business - Best for New Businesses
- BBVA Compass Business Secured Credit Card - Best for Business Rewards Visa
- Discover it® Secured - Best for Bonus Gas Rewards
- Capital One® Secured Mastercard® - Best for No Annual Fee
- OpenSky® Secured Visa® Credit Card - Best for No Credit Check
- Credit One Bank® Platinum Visa® for Rebuilding Credit - Best for Unsecured … show more
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- Receive 1% cash back rewards on eligible purchases, terms apply
- See if you Pre-Qualify without harming your credit score
- Track your progress with free online access to your Experian credit score, terms apply
- Looking to rebuild credit? We report to the major credit bureaus monthly
- Accounts are automatically reviewed for credit line increase opportunities
- Make paying your bill easier with the ability to choose your payment due date, terms apply
- Stay in-the-know with customizable account alerts via email and text
- Enjoy peace of mind with $0 Fraud Liability
- See More Details & Reviews About TheCredit One Bank® Platinum Visa® for Rebuilding Credit
- No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
- The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
- Build credit quickly. OpenSky reports to all 3 major credit bureaus.
- 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
- We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search “OpenSky Card” in Facebook.)
- OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
- *View our Cardholder Agreement located at the bottom of the application page for details of the card.
- See More Details & Reviews About TheOpenSky® Secured Visa® Credit Card
- Receive Your Card More Quickly with New Expedited Processing Option
- No Credit History or Minimum Credit Score Required for Approval
- Quick and Complete Online Application
- Full-Feature Platinum Mastercard® Secured Credit Card
- Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted!
- Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
- Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
- Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
- 24/7 Online Access to Your Account
- Nationwide Program though not yet available in NY, IA, AR, or WI
- *See Card Terms.
- See More Details & Reviews About TheFirst Progress Platinum Prestige Mastercard® Secured Credit Card
- Receive Your Card More Quickly with New Expedited Processing Option
- No Credit History or Minimum Credit Score Required for Approval
- Quick and Complete Online Application
- Full-Feature Platinum Mastercard® Secured Credit Card
- Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
- Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
- Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
- Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
- 24/7 Online Access to Your Account
- Nationwide Program though not yet available in NY, IA, AR, or WI
- *See Card Terms.
- See More Details & Reviews About TheFirst Progress Platinum Select Mastercard® Secured Credit Card
- Funds are guaranteed by a Metro savings account
- Credit lines from $1,000 to $25,000
- See More Details & Reviews About TheMetro Credit Union Visa® Secured Business Card
- Earn 1.5% cash back for every $1 spent on net purchases. Enrollment in the cash back rewards program is required.
- Collect your cash back automatically as a credit to your account or to your eligible checking or savings account each quarter.
- $500 to $25,000 credit line based on the amount you deposit. Up to 10 cards can be issued with a $25 annual fee for each card.
- The Bank may hold collateral for up to 30 days following account closure in order to cover transactions that may be posted to the credit card account after it is closed.
- Your account will periodically be reviewed for an opportunity to upgrade to an unsecured business credit card.
- Manage spending, payments, and transfers online with Wells Fargo Business Online®.
- Manage your expenses using the Business Spending Report.
- Keep your business protected with Zero Liability Program, Rapid Alerts, Fraud monitoring and Purchase Assurance®.
- See More Details & Reviews About TheWells Fargo Business Secured Credit Card
- Earn 3x points at office supply stores and 2x points at gas stations and restaurants.
- Earn 1 point for every $1 in purchases.
- Redemption options – Redeem for cash back, account credits, gift cards and travel options.
- Before applying for the Business Secured Credit Card, you must open a Secured Credit Card Savings Account. The minimum opening deposit is $500. You can make deposits at any time in $100 increments
- Your available credit will be 90% of your savings account balance. You can add funds to your account to increase your credit limit.
- Add employee cards to your account at no additional cost. You can set individual spending limits for each employee, and their purchases will be itemized on your statement for easy recordkeeping.
- Keep your business expenses separate from personal expenses to make it easier to track spending and prepare your taxes.
- Card only available in Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico.
- See More Details & Reviews About TheBBVA Compass Business Secured Credit Card
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WalletHub's Best Business Credit Cards for Bad Credit
The best business credit card for bad credit is the BBVA Compass Business Secured Credit Card because it has a $0 annual fee the first year ($40 after that) and rewards cardholders with 1 - 3 points / $1 in purchases. The BBVA Compass Business Secured Card’s APR - 18.49% (V) - also is below-average for a secured credit card.But business owners should always consider both business and personal credit cards for company spending. Doing so increases your chances of finding the best possible deal without adding to your personal liability. With that in mind, some of the rest of the best credit cards for business owners with bad credit include Discover it® Secured (best bad-credit rewards) and the OpenSky® Secured Visa® Credit Card (no credit check when you apply).
To make these picks, WalletHub’s editors compared all the offers for business owners and bad credit in our database of 1,000+ credit cards. You can learn more about their favorite busiess credit cards for bad credit below.
Best Business Credit Cards for Bad Credit:
| Card Name | Best For | Annual Fee | Min. Deposit |
| Wells Fargo Business Secured Credit Card | Business Features | $25 | $500 |
| Discover it® Secured | Rewards | $0 | $200 |
| Capital One® Secured Mastercard® | International Travel | $0 | $49, $99 or $200 |
| OpenSky® Secured Visa® Credit Card | Recent Bankruptcy | $35 | $200 |
| BBVA Compass Business Secured Credit Card | Business Rewards | None 1st yr, $40 after | $500 |
For more tips on choosing and using a credit card for business, make sure to check out our Business & Corporate Credit Cards Guide. You can also get a sense for how small-business friendly each major credit card issuer is from our annual Business Credit Card Study.
Questions & Answers
Comparing business credit cards for bad credit can be tough. But you’ve got the knowledgeable WalletHub community on your side. We encourage everyone to share their knowledge while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not the financial institution’s responsibility to ensure all posts and questions are answered....show moreshow less
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What are the best unsecured business credit cards for bad credit? Reply
There are no unsecured business credit cards for bad credit, but there are unsecured personal credit cards for bad credit that business owners can still use. The best unsecured credit card for business owners with bad credit is the Credit One Bank Platinum Visa because it offers 1% cash back on select purchases and has an annual fee as low as $0. It does not charge an application processing fee, either.
Even the Credit One Visa leaves a lot to be desired, though. For starters, the 1% cash back rewards categories are determined after you apply and may not wind up being relevant to your business. Also, the annual fee ranges from $0 to $75 for the first year, and up to $99 after that, based on your credit. You’ll receive a minimum $300 starting credit limit, which may be reduced to as little as $225 in the first year because of the annual fee. There’s also a $19 fee for each employee you want to add as an authorized user.
Secured credit cards are better for small business owners with bad credit. They’re easier to get because they require a security deposit to open the account. The deposit is fully refundable when you close the account in good standing.
One of the best secured credit cards specific to businesses is the Wells Fargo Business Secured card. Its security deposit ranges from $500 to $25,000 (which sets the credit limit) and it offers 1.5% cash back on purchases when you enroll in the cash back rewards program.
Best alternatives to unsecured business credit cards for bad credit:
- Credit One Bank Platinum Visa (unsecured)
- Indigo Mastercard (unsecured)
- Wells Fargo Business Secured Credit Card
- BBVA Compass Business Secured Credit Card
- Discover it Secured
- Capital One Secured Mastercard
Unsecured business credit cards for bad credit don’t exist, and unsecured personal cards for bad credit may not be helpful for your business. A secured credit card will likely prove more useful in the long run. The BBVA Compass Business card offers 2-3 points per $1 spent in your choice of categories. However, it is only available in Alabama, Florida, Texas, Arizona, Colorado, California and New Mexico.
The Discover it Secured personal card offers 2% cash back on the first $1,000 spent per quarter on gas and restaurant purchases. It gives 1% back on everything else. And it offers a credit limit as high as $2,500 with an equal deposit. It has a $0 annual fee.
Is there a BBVA secured business credit card? Reply
Yes, there is a BBVA secured business credit card, called the BBVA Compass Secured Visa Business Card. It requires a deposit of at least $500 and does not charge an annual fee the first year your account is open ($40 after). You also get 1-3 rewards points per $1 spent.
How do I get a business credit card with bad personal credit? Reply
What's the best business fuel card for bad credit? Reply
Does bad personal credit matter for business credit cards? Reply
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Ask the Experts
- What funding options besides a credit card are available to small business owners who have bad credit?
- What are bad-credit business credit cards good for?
- Is it better for a small business owner with bad credit to use a business credit card or a personal credit card?
- Will credit be more or less available to small business owners with bad credit 12 months from now?
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Brent Goldfarb
Associate Professor of Management and Entrepreneurship in the Robert H. Smith School of Business at University of Maryland
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Alejandro Amezcua
Assistant Professor of Entrepreneurship in the Martin J. Whitman School of Management at Syracuse University
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Luke Pittaway
Chair of the Department of Management and Copeland Professor of Entrepreneurship in the College of Business at Ohio University
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Monika Hudson
Associate Professor and Director of the Gellert Family Business Resource Center in the School of Management at the University of San Francisco
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Sonny S. Ariss
Professor and Chairman of the Department of Management and a Fellow of the Center for Technological Entrepreneurship and Innovation in the College of Business Administration at The University of Toledo
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Kevin Ernst
Assistant Professor of Business Management and Director of Entrepreneurship in the College of Business at Ohio Northern University
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