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WalletHub Best Business Credit Cards for Bad Credit
WalletHub makes it easy to find the best business credit card for bad credit.
The best business credit cards for bad credit help small business owners with credit scores below 640 save money while building credit. Very few business credit cards for bad credit are available at any given time, according to WalletHub’s analysis of the credit card market for the past 15 years, but there are personal credit cards for poor credit that business owners can consider as well... show more... show more
Best Business Credit Cards for Bad Credit (June 2023)
- Unsecured Offer: Credit One Bank® Platinum Visa® for Rebuilding CreditCredit One Bank® Platinum Visa® for Rebuilding CreditLearn MoreLearn Moreon issuer's website
- High Approval Odds for Business Owners: OpenSky® Secured Visa® Credit CardOpenSky® Secured Visa® Credit CardLearn MoreLearn Moreon issuer's website
- No Annual Fee: Business Advantage Unlimited Cash Rewards Secured credit cardBusiness Advantage Unlimited Cash Rewards Secured credit cardLearn MoreLearn More
- Earn Interest: First National Bank of Omaha Business Edition® Secured Mastercard® Credit CardFirst National Bank of Omaha Business Edition® Secured Mastercard® Credit CardLearn MoreLearn More
FILTER BUSINESS CREDIT CARDS FOR BAD CREDIT
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- 1% cash back on eligible purchases
- Available to people with bad credit
- Automatic credit-line increase reviews
- Annual fee of $75 intro 1st yr, $99 after
- High APR
- Low credit limit
- Reasonable $35 annual fee
- $200 minimum deposit
- 3% foreign transaction fee
- Qualify with limited or no credit history
- 1% cash back on payments
- Membership fees
- Foreign fee
- Requires security deposit
- Qualify with limited or no credit history
- Relatively low security deposit
- 1% cash back on payments
- Membership fees
- High regular APR
- Foreign fee
- No membership fees
- Qualify with bad credit
- High regular APR
- Foreign fee
- Requires security deposit
- Qualify with bad credit
- Membership fees
- High regular APR
- Foreign fee
- Requires security deposit
Why people trust WalletHub
Unlike other sites that only promote cards they're paid by, WalletHub's editors focus on finding the best cards. WalletHub makes it easy to find the best business credit cards for bad credit.
Our picks for the best business credit cards for bad credit
Credit One Bank® Platinum Visa® for Rebuilding Credit
Why We Like It: The Credit One Bank® Platinum Visa® for Rebuilding Credit is one of the best unsecured credit cards available to business owners with bad credit because it offers rewards and does not require a security deposit. The card offers a minimum credit limit of $300, and cardholders earn 1% cash back on gas and grocery purchases, as well as 1% back on mobile phone, internet, cable and satellite TV services. Plus, there are no monthly fees or one-time fees charged prior to account opening.
What We Don’t Like: You will have to pay an annual fee of $75 the first year and $99 after that.
Who Should Get It: Consider applying for the Credit One Bank® Platinum Visa® for Rebuilding Credit if you have bad credit but need to borrow a small amount of money for emergency expenses.
Alternatives to Consider: The Credit One Bank® NASCAR® Credit Card has similar terms.
OpenSky® Secured Visa® Credit Card
Why We Like It: The OpenSky® Secured Visa® Credit Card doesn’t do a credit check when you apply. Plus, you can be considered for a credit line increase after 6 months, with no additional deposit required.
What We Don’t Like: Your spending limit equals the amount of your refundable security deposit, and there is an annual fee of $35.
Who Should Get It: The OpenSky® Secured Visa® Credit Card is a good credit card for business owners with bad credit. There’s nothing wrong with using a general-consumer credit card for business, and using this card responsibly will put you in position to qualify for a better business credit card in the future.
Alternatives to Consider: The First Progress Platinum Elite Mastercard® Secured Credit Card won’t check your credit history when you apply, either.
First National Bank of Omaha Business Edition® Secured Mastercard® Credit Card
Why We Like It: The First National Bank of Omaha Business Edition® Secured Mastercard® Credit Card is one of the best business credit cards for bad credit because it’s fairly inexpensive and it pays interest on the amount you put down for your security deposit. The deposit will earn interest at an APY of 0.05%.
What We Don’t Like: The card has a $39 annual fee and requires a deposit of at least $2200.
Who Should Get It: Consider applying for the First National Bank of Omaha Business Edition® Secured Mastercard® Credit Card if you’d rather earn interest on a big deposit than rewards on purchases.
Alternatives to Consider: The Business Advantage Unlimited Cash Rewards Secured credit card offers attractive rewards.
Business Advantage Unlimited Cash Rewards Secured credit card
Why We Like It: The Business Advantage Unlimited Cash Rewards Secured credit card is the best business credit card for bad credit because it has a $0 annual fee and rewards cardholders with 1.5% cash back on purchases, which is well above average.
What We Don’t Like: Cardholders are required to place a security deposit of at least $1000.
Who Should Get It: Consider applying for this card if you have bad credit personally and want to earn rewards at a competitive rate on all purchases.
Alternatives to Consider: The First National Bank of Omaha Business Edition® Secured Mastercard® Credit Card is another good secured credit card for business.
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, WalletHub’s editors compared all the offers for business owners and bad credit in our database of 1,500+ credit cards. You can learn more about the top credit cards for business with bad credit below.
Best Business Credit Cards for Bad Credit Comparison
| Credit Card | Best For | Annual Fee | Min. Deposit |
| Business Advantage Unlimited Cash Rewards Secured credit card | No Annual Fee | $0 | $1000 |
| OpenSky® Secured Visa® Credit Card | High Approval Odds for Business Owners | $35 | $200 |
| First National Bank of Omaha Business Edition® Secured Mastercard® Credit Card | Interest-Bearing Deposit | $39 | $2200 |
| Credit One Bank® Platinum Visa® for Rebuilding Credit | Unsecured Offer | $75 intro 1st yr, $99 after | N/A |
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.
How we picked the best business credit cards for bad credit
To identify the best credit cards for business owners with bad credit, WalletHub’s editors regularly compare more than 1,500 credit card offers. We first concentrate on cards branded for business use, excluding offers that applicants with credit scores below 640 can’t qualify for and then comparing the rest based on expected cardholder savings.
Given the limited options typically available among small business credit cards for bad credit, we also consider which general-purpose credit cards for people with bad credit might work for business owners. This process ultimately enables us to pick the best options in the most popular usage categories.
About the author
John S Kiernan
Sources
WalletHub actively maintains a database of 1,500+ credit card offers, from which we select the best bad credit credit cards for different applicants as well as derive market-wide takeaways and trends. The underlying data is compiled from credit card company websites or provided directly by the credit card issuers. We also leverage data from the Bureau of Labor Statistics to develop cardholder profiles, used to estimate cards’ potential savings.
Business Credit Cards for Bad Credit FAQ
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 more
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Can I use my EIN to get a credit card? Reply
Yes, you can use just an Employer Identification Number (EIN) to get a credit card if you are applying for a corporate credit card or certain co-branded business credit cards. Most business credit card issuers will require a Social Security number because they will require a personal guarantee on the debt.
Credit Cards You Can Apply for With an EIN Only
- Startups: Brex Corporate Card for StartupsBrex Corporate Card for StartupsLearn MoreLearn Moreon issuer's website
- Office Supplies: Office Depot Business Credit CardOffice Depot Business Credit CardLearn MoreLearn More
- Warehouse Clubs: Sam's Club® Business Credit CardSam's Club® Business Credit CardLearn MoreLearn More
Other business credit cards will require an SSN because you are personally liable for any charges on the account that the business is unable to pay. That’s also why issuers will often initiate a hard inquiry on your personal credit report as part of the application process.
What credit score is needed for an American Express business card? Reply
The credit score needed for an American Express business card is at least 700. That means you must have at least good credit for decent approval odds. At the moment, American Express does not offer business cards for bad, fair, limited or no credit. Nor do they have any secured business cards to help rebuild credit.
It’s important to note that an applicant’s credit score is not the only factor that Amex considers. Things such as payment history, income and...
Can I get a business credit card with a 500 credit score? Reply
Yes, you can get a business credit card with a 500 credit score, though your options may be limited. The best business credit card for a 500 credit score is the Business Advantage Unlimited Cash Rewards Secured Card because it accepts applicants with bad credit and gives 1.5% cash back on all purchases. The Business Advantage Unlimited Cash Rewards Secured Card is secured, which means you’ll have to put down a refundable deposit of at least $1000 to get the card.
Best Business Credit Cards for a 500...
Can you get a corporate credit card with bad credit? Reply
Yes, you can get a corporate credit card with bad credit. In fact, most corporate credit cards won’t check personal credit scores in the initial corporate application process. Though corporate credit cards are considered business credit cards, they’re a bit different. Corporate cards are for businesses that generate a certain threshold of revenue.
Typically, a business that earns at least $4 million in revenue annually will qualify for a corporate credit account. That’s why a...
How can I get a business line of credit with bad credit? Reply
You can get a business line of credit with bad credit by applying through lenders like Headway Capital and Kabbage. The credit limits just tend to be low and the APRs high. To qualify for these business credit lines, you’ll need a business that’s been in operation for at least 1 year, but preferably 2 years. Neither Headway Capital nor Kabbage requires a certain credit score for approval, but they do assess financial information (such...
What are the best unsecured business credit cards for bad credit? Reply
There are no unsecured business credit cards for bad credit. However, there are quite a few unsecured credit cards for people with bad credit that you can use for business purposes, and the Credit One Bank® Platinum Visa® for Rebuilding Credit is one notable example. It offers 1% cash back on gas and grocery purchases, as well as 1% back on mobile phone, internet, cable and satellite TV services.
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....
How do I get a business credit card with bad personal credit? Reply
To get a business credit card with bad personal credit, shop around for either secured business credit cards or unsecured personal cards for bad credit, and apply for the offer with the lowest fees. Your options may be limited when you have a bad credit score, so comparing offers is key.
Lenders hold business cardholders personally liable for any unpaid business debt, so when you apply, the lender will review your personal credit history. This is done to project your ability to pay back any business debt. If you are approved, the...
Featured Credit Cards
Expert Opinions
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Associate Professor of Management and Entrepreneurship in the Robert H. Smith School of Business at University of Maryland
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Assistant Professor of Entrepreneurship in the Martin J. Whitman School of Management at Syracuse University
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Chair of the Department of Management and Copeland Professor of Entrepreneurship in the College of Business at Ohio University
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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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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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Assistant Professor of Business Management and Director of Entrepreneurship in the College of Business at Ohio Northern University
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† Approval Odds are WalletHub estimates intended to gauge your likelihood of approval for a particular product. Approval Odds are based on WalletHub data and are not provided or endorsed by the lender. Approval Odds are not meant to imply or guarantee that you will be approved by the lender or that credit will be extended. WalletHub may share your information with third-parties in order to show personalized offers, as well as enable you to interact more easily with pre-fill forms or applications. You can opt-out of sharing your personal info here.
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