8 Best Business Credit Cards for Bad Credit in 2022
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Benilyn has over a decade of experience as a banking officer. Her expertise is featured throughout Fit Small Business in personal finance, credit card, and real estate investing content.
This article is part of a larger series on Best Small Business Credit Cards.
Editor’s note: This is a recurring post with regularly updated card details.
If you have bad credit, it’s still possible to qualify for a business credit card. When you’re on the path to rebuilding your credit, business and personal secured cards, charge cards, and debit cards are your best option. Many business credit cards for bad credit offer rewards comparable to regular business cards, and when used responsibly, they can also help improve your credit score.
Here are the eight best bad credit business credit cards:
- Wells Fargo Business Secured Card: Overall best business credit card for bad credit
- Union Bank® Business Secured Visa® Credit Card: Best for low APR
- First National Bank of Omaha Business Edition® Secured® Visa Card: Best for high credit limit
- Discover it® Secured Card: Best personal credit card for gas station rewards
- OpenSky Secured Visa Credit Card: Best personal credit card with no credit check
- Capital One® Spark® Classic for Business: Best unsecured business card for limited credit
- Brex Card: Best charge card for startups
- Bento for Business Visa Debit Card: Best easy approval debit card
To see how these cards stack up against others we reviewed on our site, click Add to Compare on a card below and select up to two additional cards for comparison.
Wells Fargo Business Secured Card: Overall Best Business Credit Card for Bad Credit
Wells Fargo Business Secured Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Business owners with poor credit
Intro APR
N/A
Regular APR
Prime + 11.90% on purchases
Annual Fee
None
Credit Needed
N/A
- Cash Back option:
Earn 1.5% cash back on every $1 spent - Reward Points option:
Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period - $0 annual rewards program fee
- $500 to $25,000 credit line
- Zero liability protection
Pros
- Approval with credit scores below 580
- Your choice of fixed-rate cash back or points rewards
Cons
- Requires a security deposit of at least $500
- Has an annual fee
- Purchase assurance: Wells Fargo will repair, replace, or reimburse you for items that are damaged or stolen within 90 days of purchase.
- Design studio: Include a personal image or business design on your credit card.
Intro APR
N/A
Regular APR
Prime + 11.90% on purchases
Annual Fee
None
Credit Needed
N/A
- Cash Back option:
Earn 1.5% cash back on every $1 spent - Reward Points option:
Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period - $0 annual rewards program fee
- $500 to $25,000 credit line
- Zero liability protection
Pros
- Approval with credit scores below 580
- Your choice of fixed-rate cash back or points rewards
Cons
- Requires a security deposit of at least $500
- Has an annual fee
- Purchase assurance: Wells Fargo will repair, replace, or reimburse you for items that are damaged or stolen within 90 days of purchase.
- Design studio: Include a personal image or business design on your credit card.
Why we like it: The Wells Fargo Business Secured Card is our best bad credit business credit card because it offers flexible rewards options, has no annual fee, and comes with a low ongoing APR. It allows you to choose between earning 1.5% cash back on any qualifying purchases or 1 point for every $1 spent. If you select points-based rewards, you’ll earn an additional 1,000 bonus points each billing cycle when you spend at least $1,000.
Other important things that you need to know about the Wells Fargo Business Secured Card include:
- Requires a security deposit: Since this is a secured credit card, a cash security deposit is required to get a Wells Fargo Business Secured Card.
- Has a varied credit limit: This business credit card offers credit lines of $500 to $25,000, depending on the amount of security deposit.
- Builds business credit: Wells Fargo reports your payment and usage behavior to the Small Business Financial Exchange (SBFE), which can help build your business credit.
- Doesn’t report to consumer credit bureaus: While it doesn’t report to the major credit bureaus, Wells Fargo will review your account periodically to see if you can qualify for an unsecured Wells Fargo credit card.
The Wells Fargo Business Secured is one of our best business credit cards for fair credit because it has no annual fee, offers flexible rewards, and is a great way to build business credit.
Union Bank® Business Secured Visa® Credit Card: Best for Low APR
Union Bank® Business Secured Visa® Credit Card
Intro APR
None
Regular APR
Annual Fee
Credit Needed
Bad
- Grow your company with a secured credit limit of up to $25,000.
- With a low $30 annual fee, keep your company’s money at work where it matters most.
Pros
- Low annual fee
- Owners with bad credit can apply
- Low ongoing APR
Cons
- Security deposit is required
- No 0% introductory rate
- No rewards
- Mobile access: Enjoy 24/7 access to mobile site to allow you to access your account wherever and whenever safely and securely
- Swipe smarter: This card features advanced technology for enhanced safety and protection against fraud
- Customized account alerts: Tailor your banking experience to include customized account alerts keeping you updated and informed
- Auto rental collision damage: You’re covered for damage due to collision or theft
- Zero fraud liability: You won’t be held responsible for unauthorized charges made with your account or account information
Intro APR
None
Regular APR
Annual Fee
Credit Needed
Bad
- Grow your company with a secured credit limit of up to $25,000.
- With a low $30 annual fee, keep your company’s money at work where it matters most.
Pros
- Low annual fee
- Owners with bad credit can apply
- Low ongoing APR
Cons
- Security deposit is required
- No 0% introductory rate
- No rewards
- Mobile access: Enjoy 24/7 access to mobile site to allow you to access your account wherever and whenever safely and securely
- Swipe smarter: This card features advanced technology for enhanced safety and protection against fraud
- Customized account alerts: Tailor your banking experience to include customized account alerts keeping you updated and informed
- Auto rental collision damage: You’re covered for damage due to collision or theft
- Zero fraud liability: You won’t be held responsible for unauthorized charges made with your account or account information
Why we like it: Among all the bad credit business credit cards on this list, the Union Bank® Business Secured Visa® Credit Card offers the lowest APR at 14.24%—this is lower compared to the Wells Fargo Business Secured Card’s APR of 15.15%. This card allows you to choose your credit limit of anywhere from $500 up to $25,000, based on the amount of your security deposit. With Visa SavingsEdge®, you can enjoy automatic discounts on eligible purchases at participating merchants.
Some important things that you need to remember about the Union Bank® Business Secured Visa® Credit Card include:
- Annual fee: You’ll be charged an annual fee of $30.
- No rewards: This card doesn’t offer introductory and ongoing rewards on purchases.
- Improve credit score: Union Bank® may report information about your account to credit bureaus, including late payments, missed payments, or other defaults. Use your account responsibly to improve your credit rating.
First National Bank of Omaha Business Edition® Secured® Visa Card: Best for High Credit Limit Option
First National Bank of Omaha Business Edition Secured Visa Card
BEST FOR:
Secured credit lines of as much as $100,000
Intro APR
None
Regular APR
20.49% Variable
Annual Fee
$39
Credit Needed
N/A
- Request your own credit limit between $2,000 and $100,000―multiples of $50―when you apply, subject to credit approval.
- Security deposit is 110% of the amount of your credit limit, between $2,200 and $110,000―multiples of $50―subject to credit approval.
- $39 annual fee
- Earn interest on your security deposit.
- Variable 19.99% APR on purchases and balance transfers based on the prime rate.
- Get automatic rebates with Visa SavingsEdge® on purchases that you make at qualified merchants.
- US citizenship is not required, but you must have a valid Social Security number or individual taxpayer identification number (TIN) and a valid US address.
- Online access to view transactions, pay your bill, view up to seven years of prior statements, and more.
Pros
- Accepts a wide range of credit scores
- You can set your own credit limit
- Offers user-friendly management reports
- You’ll earn 0.05% annual percentage yield (APY) on your security deposit account balance
Cons
- Requires an annual fee
- Charges a foreign transaction fee
- Doesn’t offer rewards
- Automatic discounts: Good on purchases you make at qualified merchants. Rebates will be applied as statement credits.
- Visa Zero Liability: It covers you when fraudulent charges are made with either your card or your account information.
- Free management reports: Be able to track your expenses and spending, identify tax deductions, prepare tax filings, and predict costs with ease
Intro APR
None
Regular APR
20.49% Variable
Annual Fee
$39
Credit Needed
N/A
- Request your own credit limit between $2,000 and $100,000―multiples of $50―when you apply, subject to credit approval.
- Security deposit is 110% of the amount of your credit limit, between $2,200 and $110,000―multiples of $50―subject to credit approval.
- $39 annual fee
- Earn interest on your security deposit.
- Variable 19.99% APR on purchases and balance transfers based on the prime rate.
- Get automatic rebates with Visa SavingsEdge® on purchases that you make at qualified merchants.
- US citizenship is not required, but you must have a valid Social Security number or individual taxpayer identification number (TIN) and a valid US address.
- Online access to view transactions, pay your bill, view up to seven years of prior statements, and more.
Pros
- Accepts a wide range of credit scores
- You can set your own credit limit
- Offers user-friendly management reports
- You’ll earn 0.05% annual percentage yield (APY) on your security deposit account balance
Cons
- Requires an annual fee
- Charges a foreign transaction fee
- Doesn’t offer rewards
- Automatic discounts: Good on purchases you make at qualified merchants. Rebates will be applied as statement credits.
- Visa Zero Liability: It covers you when fraudulent charges are made with either your card or your account information.
- Free management reports: Be able to track your expenses and spending, identify tax deductions, prepare tax filings, and predict costs with ease
Why we like it: The First National Bank of Omaha Business Edition® Secured® Visa Card is a great option if you need a credit limit from $2,000 to $100,000—the highest credit limit in this guide. This card is a Visa card, which means you can you this anywhere Visa is accepted. Moreover, you’ll enjoy automatic discounts on qualifying purchases through the Visa SavingsEdge® program. It’s important to note that this card comes with an annual fee of $39.
Other essential things that you should know about the First National Bank Business Edition® Secured® Visa Card are:
- No rewards: This card doesn’t offer a sign-up bonus or ongoing rewards on your purchases.
- Security deposit: Your security deposit should be 110% of your desired credit limit. For instance, if you need a credit limit of $100,000, then you need to make a security deposit of $110,000.
- Interest on security deposit: You’ll earn interest on your security deposit based on the deposit account agreement.
Discover it® Secured Card: Best Personal Credit Card for Gas Station Rewards
Discover it® Secured
BEST FOR:
Business owners who need help rebuilding personal credit
Intro APR
N/A
Regular APR
23.24% Variable
Annual Fee
$0
Credit Needed
N/A
- No annual fee, earn cash back, and build your credit with responsible use.
- It's a real credit card. You can build a credit history with the three major credit bureaus. Generally, debit and prepaid cards can't help you build a credit history.
- Establish your credit line by providing a refundable security deposit from $200 to $2,500 after being approved. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at eight months to see if we can transition you to an unsecured line of credit and return your deposit.
- 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
- Get 100% United States-based customer service & get your free Credit Scorecard with your FICO® Credit Score
- We match all the cash back you've earned at the end of your first year automatically.
- Receive Free Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
Pros
- Earns ongoing cash back rewards
- No annual fee
- Automatic monthly account review
Cons
- Security deposit is required
- No 0% APR period
- High ongoing APR
- FICO® Credit Score: Receive free FICO® scores and monitoring.
- Discover® Identity Alerts: Get free Experian credit report and dark web monitoring.
- Freeze it®: Protect your account by stopping account activity in the event of suspicious card activity or if your card is lost or stolen.
Intro APR
N/A
Regular APR
23.24% Variable
Annual Fee
$0
Credit Needed
N/A
- No annual fee, earn cash back, and build your credit with responsible use.
- It's a real credit card. You can build a credit history with the three major credit bureaus. Generally, debit and prepaid cards can't help you build a credit history.
- Establish your credit line by providing a refundable security deposit from $200 to $2,500 after being approved. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at eight months to see if we can transition you to an unsecured line of credit and return your deposit.
- 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
- Get 100% United States-based customer service & get your free Credit Scorecard with your FICO® Credit Score
- We match all the cash back you've earned at the end of your first year automatically.
- Receive Free Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
Pros
- Earns ongoing cash back rewards
- No annual fee
- Automatic monthly account review
Cons
- Security deposit is required
- No 0% APR period
- High ongoing APR
- FICO® Credit Score: Receive free FICO® scores and monitoring.
- Discover® Identity Alerts: Get free Experian credit report and dark web monitoring.
- Freeze it®: Protect your account by stopping account activity in the event of suspicious card activity or if your card is lost or stolen.
Why we like it: If you’re often on the road, the Discover it® Secured Card might be the best card for you because of its 2% cash back rewards on gas station and restaurant purchases up to $1,000 each quarter. You’ll also earn 1% cash back on all other qualifying purchases. Keep in mind that this is a personal credit card, not a business card. Make sure to separate your business and personal expenses to prevent problems during tax season.
Here are the other things that you should know about the Discover it® Secured Card:
- Cash back match: Discover will double the cash back you’ve earned at the end of your first year automatically without limits.
- No annual fee: You can earn unlimited cash rewards on your expenses without having to pay annual fees.
- Opportunity to build credit: Discover reports your usage and payment behavior to the major credit bureaus and begins automatic card reviews after eight months of card ownership to see if you qualify for an unsecured card.
The Discover it® Secured Card made it to our list of the best secured business credit cards because of its lucrative rewards and features like fraud alerts and online and mobile banking.
OpenSky® Secured Visa® Credit Card: Best Personal Credit Card With No Credit Check
OpenSky® Secured Visa® Credit Card
BEST FOR:
Business owners with a credit score below 580
Intro APR
N/A
Regular APR
17.64% Variable
Annual Fee
$35
Credit Needed
No Credit Check
- No credit check needed to apply—OpenSky® won’t pull your credit so there’s no impact on your credit score.
- You can set your own credit limit by making a refundable deposit ranging from $200 to $3,000.
- OpenSky® reports your activities to credit bureaus including Equifax®, Experian® and TransUnion® to help you build or improve your credit score.
Pros
- No credit check required
- Helps build credit
- Low annual fee
Cons
- No introductory APR
- No rewards
- Requires security deposit
- Email alerts: Set up email alerts as a reminder to make a payment, or when you almost use up your credit limit.
- Automatic payments: You can set up recurring automatic payments to ensure your card is paid on time.
- All benefits of a Visa®: This card comes with all the benefits of a Visa® credit card, including worldwide acceptance and fraud protection.
Intro APR
N/A
Regular APR
17.64% Variable
Annual Fee
$35
Credit Needed
No Credit Check
- No credit check needed to apply—OpenSky® won’t pull your credit so there’s no impact on your credit score.
- You can set your own credit limit by making a refundable deposit ranging from $200 to $3,000.
- OpenSky® reports your activities to credit bureaus including Equifax®, Experian® and TransUnion® to help you build or improve your credit score.
Pros
- No credit check required
- Helps build credit
- Low annual fee
Cons
- No introductory APR
- No rewards
- Requires security deposit
- Email alerts: Set up email alerts as a reminder to make a payment, or when you almost use up your credit limit.
- Automatic payments: You can set up recurring automatic payments to ensure your card is paid on time.
- All benefits of a Visa®: This card comes with all the benefits of a Visa® credit card, including worldwide acceptance and fraud protection.
Why we like it: The OpenSky® Secured Visa® Credit Card is a personal credit card you can use for any business purchase to help rebuild your personal credit. OpenSky® won’t do a credit check for approval, so it doesn’t matter whether you have bad or poor credit. In addition, it reports your payment history to the major credit bureaus, helping you raise your credit score when you use your card responsibly.
Remember these important details about the OpenSky® Secured Visa® Credit Card:
- Annual fee: The OpenSky® Secured Visa® Credit Card charges an annual fee of $35.
- No rewards: Unlike the Discover it® Secured Card that offers unlimited cash back, this card doesn’t offer a sign-up bonus or ongoing rewards, which is rare even for secured credit cards.
- Doesn’t require a bank account: While most secured credit cards require a bank account to get started, OpenSky® makes it easy if you don’t have or don’t qualify for a bank account. You can instead use a money order for the security deposit to get the application going.
The OpenSky® Secured Visa® Credit Card is on our list of the best instant approval business credit cards because it doesn’t do a credit check as part of the approval process.
Capital One® Spark® Classic for Business: Best Unsecured Business Card for Limited Credit
Capital One® Spark® Classic for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Fair credit business owners (580 to 669)
Intro APR
N/A
Regular APR
26.99% (Variable)
Annual Fee
$0
Credit Needed
Average, Fair, Limited
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit
- No annual fee
Cons
- No 0% introductory APR
- No sign-up bonus
- High APR
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to 1 year past the manufacturer’s warranty.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Capital One® Spark® Classic for Business card.
Intro APR
N/A
Regular APR
26.99% (Variable)
Annual Fee
$0
Credit Needed
Average, Fair, Limited
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit
- No annual fee
Cons
- No 0% introductory APR
- No sign-up bonus
- High APR
- Purchase protection: Capital One will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to 1 year past the manufacturer’s warranty.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your Capital One® Spark® Classic for Business card.
Why we like it: The Capital One® Spark® Classic for Business is the only unsecured business credit card on this list. Unlike the other business credit cards here that are best for bad credit, this is an excellent option if you have fair or limited credit. It comes with no annual fee and offers unlimited 1% cash back on all eligible purchases regardless of spending categories. It can help you improve your credit score if you make consistent on-time payments since your payment history will be reported to the major credit bureaus.
The other important things about the Capital One® Spark® Classic for Business that you should keep in mind are:
- Credit score: This card requires a credit score of 580 or higher.
- High APR: There’s no 0% introductory rate, so be sure to pay the balance for every billing cycle since the APR for this card is 26.99%.
- Fewer fees: This card doesn’t charge annual fees, balance transfer fees, and foreign transaction fees, reducing your overall credit cost.
The Capital One® Spark® Classic for Business is in our guide to the best credit cards for new businesses with no credit history because of its few fees and unlimited rewards.
Brex Card: Best Charge Card for Startups
Brex Card for Startups
BEST FOR:
No personal guarantee and startups with investment funding
Intro APR
N/A
Regular APR
N/A
Annual Fee
$0
Credit Needed
N/A
- The First Corporate Card for Startups―ideal for tech companies and other early-stage corporations based in the United States with professional funding
- No personal liability or security deposit needed―no credit score impact
- The best rewards for startups: earn points on spend with industry-leading multipliers: 7x on rideshare, 4x on travel, 3x on restaurants and 2x on software subscriptions
- Minimum of $100,000 of funds in corporate bank account and US employer identification number (EIN) required
- Easy, online application―get a virtual card in 5 minutes or less and a physical card in the mail shortly thereafter
- Limits 10x to 20x higher than traditional business cards
- Embedded expense management software―never save receipts again and integrate with all major accounting software
- No foreign transaction fees
- Build business credit―Brex partners with Experian to report your on-time payments
Pros
- No personal guarantee or security deposit
- Stellar rewards and available credit limits
Cons
- Must have $100,000 in a corporate bank account
- Balance is required to be paid in full
- Capture receipts: Access easy expense tracking through the Brex app. You can upload your receipts and Brex will match them to your statement automatically. You can also submit receipts via text and email.
- Expense management: Brex integrates with QuickBooks®, NetSuite®, Expensify®, and Xero™ for accounting made easy.
- Add your team: Add new users, issue cards, and set and track specific spending limits for everyone on your team instantly.
Intro APR
N/A
Regular APR
N/A
Annual Fee
$0
Credit Needed
N/A
- The First Corporate Card for Startups―ideal for tech companies and other early-stage corporations based in the United States with professional funding
- No personal liability or security deposit needed―no credit score impact
- The best rewards for startups: earn points on spend with industry-leading multipliers: 7x on rideshare, 4x on travel, 3x on restaurants and 2x on software subscriptions
- Minimum of $100,000 of funds in corporate bank account and US employer identification number (EIN) required
- Easy, online application―get a virtual card in 5 minutes or less and a physical card in the mail shortly thereafter
- Limits 10x to 20x higher than traditional business cards
- Embedded expense management software―never save receipts again and integrate with all major accounting software
- No foreign transaction fees
- Build business credit―Brex partners with Experian to report your on-time payments
Pros
- No personal guarantee or security deposit
- Stellar rewards and available credit limits
Cons
- Must have $100,000 in a corporate bank account
- Balance is required to be paid in full
- Capture receipts: Access easy expense tracking through the Brex app. You can upload your receipts and Brex will match them to your statement automatically. You can also submit receipts via text and email.
- Expense management: Brex integrates with QuickBooks®, NetSuite®, Expensify®, and Xero™ for accounting made easy.
- Add your team: Add new users, issue cards, and set and track specific spending limits for everyone on your team instantly.
Why we like it: The Brex Card is a charge card, which means it doesn’t come with an APR and your balance is due in full every month. It scales with your business’s growth because your credit limit can change based on your business’s financials, including available cash, card usage, and credit history. It offers lucrative rewards, and you can earn varied points depending on categories.
The following are a few important things that you should know about the Brex Card:
- Brex Card comes in two types:
- Paid daily: This card works like a debit card and is paid daily directly from your Brex Cash account balance. Your credit limit is equal to the balance of your Brex Cash account. You can earn up to 8x rewards points on eligible purchases.
- Paid monthly: This card needs to be paid in full monthly. It offers 10x to 20x higher limits than traditional corporate cards. You can earn up to 7x rewards points on eligible purchases.
- Helps build credit: Brex reports your payments and usage behavior to credit bureaus, helping you build your business credit when used responsibly.
- Ideal for businesses in tech and life sciences industries: It lets you enjoy rewards, such as
- Tech: 8x on rideshare (Uber, Lyft, and taxi), 5x on travel booked via Brex Travel, 4x on restaurants, 3x on eligible Apple purchases through the Brex Rewards Portal, 3x on recurring software, and 1x on all other transactions.
- Life sciences: 8x on conference tickets, 5x on travel booked via Brex Travel, 3x on eligible Apple purchases through the Brex Rewards Portal, 2x on lab supplies, and 1x on all other transactions.
The Brex Card is one of our best business credit cards for startups because of its scalability and generous rewards program.
Bento for Business Visa Debit Card: Best Easy Approval Debit Card
Bento for Business Visa® Debit Card
BEST FOR:
Managing employee expenses without a credit check to qualify
Number Of Cards
Unlimited
Monthly Cost
$29-149 monthly
Daily Load Limit
None
Daily Spend Limit
$25,000
- Instant decision
- No credit check required
- One-click card controls and expense reports
Pros
- Get the first two cards for free
- Manage employee expenses easily
- Additional card features and purchase protections
Cons
- Large fees for more than two cards
- Deposited funds are required
- Won’t help build business or personal credit
- Auto rental collision damage waiver: Use this card to pay for your entire auto rental transaction and get collision coverage for a damaged or stolen rental vehicle, up to the value of the vehicle.
- Purchase protection: Purchases are covered up to 90 days for damage and theft, up to $10,000 per claim, $50,000 per year.
Number Of Cards
Unlimited
Monthly Cost
$29-149 monthly
Daily Load Limit
None
Daily Spend Limit
$25,000
- Instant decision
- No credit check required
- One-click card controls and expense reports
Pros
- Get the first two cards for free
- Manage employee expenses easily
- Additional card features and purchase protections
Cons
- Large fees for more than two cards
- Deposited funds are required
- Won’t help build business or personal credit
- Auto rental collision damage waiver: Use this card to pay for your entire auto rental transaction and get collision coverage for a damaged or stolen rental vehicle, up to the value of the vehicle.
- Purchase protection: Purchases are covered up to 90 days for damage and theft, up to $10,000 per claim, $50,000 per year.
Why we like it: The Bento for Business Visa® Debit Card is a debit card and doesn’t require a credit check for approval. It also has no setup, domestic transaction, and decline or overdraft fees. You can get unlimited cards for your employees, control the spending limit and spend category on each card, make changes to these controls on the mobile app, and freeze a card if it gets lost or stolen.
Here are other things that you should know about the Bento for Business Visa® Debit Card:
- Quick approval: Since this card doesn’t need to do a credit check, approval can happen in as quick as five minutes.
- Monthly cost: Bento offers four pricing plans with costs ranging from $29 to $149 or more per month. You can start a free trial for the first 60 days without commitment.
- Refund check fee: If you cancel your card and a balance remains on your account upon cancelation, you’ll be charged a refund check fee of $15 per check.
The Bento for Business Visa® Debit Card is one of our choices for the best purchasing cards because of its convenient application process.
How To Improve Your Credit With a Business Credit Card
Using a business credit card responsibly is a good way to repair your credit. In addition to paying your credit card bills on time, keep these tips in mind to help improve your credit score:
- Monitor your credit report: You can get free credit reports and free credit monitoring from credit card issuers. Look over your credit report regularly for any mistakes or discrepancies.
- Keep your credit utilization low: You don’t need to stop using credit cards completely. Instead, use them for a small part of your monthly expenses, such as gas or groceries. A credit card that hasn’t been used for a long time has the potential to be suddenly closed by the credit card company, and you’ll need to reapply for the card.
- Pay all of your bills on time: Making bill payments on time is one of the fastest ways to improve your credit score. This should not only include your credit card bills but also your other payables, such as utility, phone, and internet bills and bills from vendors.
- Keep your credit applications to a minimum: Be aware of any products you may apply for that require a credit check, such as auto loans or insurance. Too many hard credit inquiries can lower your credit score.
How We Evaluated the Best Business Credit Cards for Bad Credit
The best business credit cards for bad credit are straightforward and easy to use, allowing you to focus on rebuilding your credit. To select the best cards, we considered the easy approval process, interest rates, and how the card helps improve your credit score.
Bottom Line
When you’re deciding which card to get, remember that not all of them function the same way. If you’re using a secured card or a debit card, you’ll want to have funds available at all times since the payment pulls from the account that the card is linked to. If you opt for a charge card, then make sure to pay your full balance every month. Using your business card responsibly can help you build credit and eventually qualify for a regular business credit card.
When you’re ready to apply for a wider variety of business credit cards, the top choices are in our list of the best small business credit cards.
