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The best business credit cards for new businesses with no credit history have an easy approval process, rewards, and low fees. While a business credit history is unnecessary, most issuers will typically check your personal credit score to see if you can qualify. Make sure to choose cards that can help you build your business credit so that you can qualify for other business financing options in the future.
Here are the seven best credit cards for new businesses with no credit history:
- American Express Blue Business CashTM: Best overall credit card for new businesses with no credit history with instant approval and expanded buying power
- U.S. Bank Business Triple Cash Rewards World Elite Mastercard®: Best for 12-month 0% annual percentage rate (APR) and up to 5% cash back
- Brex Card: Best for daily and monthly payment options
- First National Bank of Omaha Business Edition® Secured Mastercard® Card: Best secured card with up to $100,000 credit limit
- Capital One Spark 1% Classic: Best for fair credit with $0 annual fee
- card_name: Best for high credit limit, generous welcome offer, and travel
- Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®: Best for simple rewards program
Overview of the Best Business Credit Cards With No Credit 2024
To see how these credit cards stack up against one another or others we reviewed on our site, click Add to Compare on a credit card below and choose up to two additional cards for comparison.
American Express Blue Business CashTM: Best Overall Credit Card for New Businesses With No Credit History With Instant Approval and Expanded Buying Power
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Intro APR
0% on purchases
Regular APR
17.74% - 25.74% Variable
Annual Fee
No annual fee
Credit Needed
Excellent, Good
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% – 25.74%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- Fixed rate rewards
- $0 annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Why We Like It
It is our choice for the overall best credit card for new businesses with no credit history because it offers instant approval when you meet the personal credit score requirement. If you have a good to excellent credit score, you can get approval in as little as 30 seconds to a few minutes. Plus, you will receive your card numbers upon approval, making it available for use immediately.
What’s more, it comes with a $0 annual fee and features expanded buying power, allowing you to spend beyond your credit limit when you need to. Keep in mind that the amount you can spend over your credit limit depends on your card usage, payment behavior, credit history, and other financial considerations.
Other Benefits
- Ongoing rewards: Earn 2% cash back on the first $50,000 worth of purchases in a calendar year, then 1% thereafter
- Welcome offer: Receive a $250 statement credit when you spend at least $3,000 in the first three months of card ownership
- 0% APR: Enjoy interest-free financing on purchases for the first 12 months
Who Should Consider It
- Those who need to spend over their credit limits
- Those who have good to excellent credit scores and need to use the card for virtual purchases immediately
These benefits are why the card tops our list of the leading instant approval business cards.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®: Best for 12-month 0% APR & up to 5% Cash Back
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back on selected spending categories
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.24% - 27.24% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
Intro APR
0% intro on purchases for 12 billing cycles
Regular APR
18.24% - 27.24% Variable
Annual Fee
$0
Credit Needed
Excellent, Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
Why We Like It
If you need to make a significant purchase to start a business, this card offers interest-free financing on purchases for 12 months after opening an account. While you don’t need a business credit history, you must have at least a good personal credit score to qualify.
On top of that, you’ll earn 5% cash back on prepaid hotels and car rentals directly booked in the Travel Rewards Center, 3% cash back on gas, office supplies, cellphone services, and dining, and 1% cash back on all other purchases.
Other Benefits
- Welcome offer: Receive a $750 in cash back. Just spend $6000 on the Account Owner’s card in the first 180 days of opening your account
- Annual software credit: Receive a $100 statement credit every year for your recurring software subscriptions
- ExtendPay® Plan: Divide your eligible balance into equal monthly installments without paying interest, just a small fixed monthly fee
- $0 annual fee
Who Should Consider It
- Those needing a long 0% APR on purchases
- Businesses with regular software subscriptions
Its generous rewards and long 0% APR period allow you to save on crest costs. This is why the card leads our roundup of the top business cards with no annual fee.
Brex Card: Best for Daily and Monthly Payment Options
 Brex CardBEST FOR: Those who want daily or monthly payments | |
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Why We Like It
Its unique feature is that it can be used as either a charge card (paid monthly) or a prepaid card (paid daily). If you choose to pay daily, your credit limit is 100% of your Brex Business Account balance, and your transactions are deducted directly from this account. You will also earn an additional 1x points on selected rewards categories. If you choose to pay monthly, you can enjoy a credit limit of up to 5% to 20% of your aggregate bank balance or 30% of your Brex business account balance.
While Brex doesn’t check your personal and business credit scores as part of the qualification process, you need to meet certain eligibility requirements to qualify for the card. These include annual revenues, the number of employees, and a cash balance on a Brex Business Account (read our Brex Business Account review for more information).
Other Benefits
- Special offer Brex and Fit Small Business have partnered to give you a special offer. This offer is exclusive to those who will open a Brex business account using the link on this site. : Get 10,000 bonus points when you open a Brex Business Account and spend $3,000 on a Brex card within your first three months
- No personal guarantee: Enjoy peace of mind as you won’t be held personally accountable for your business’s debts
- FDIC protection: Enjoy peace of mind because your operating cash in your Brex Business account is protected by FDIC up to $6 million
Who Should Consider It
- Those who can pay the entire bill on a daily or monthly basis, as you cannot carry a balance to the next billing cycle
- Startup businesses that need a card that scales with their growth
Because of its scalability (Brex serves both startup founders and global companies with more than 10,000 employees), it is one of our top-recommended business cards for startups and best business cards with no personal guarantee.
First National Bank of Omaha Business Edition® Secured Mastercard® Card: Best Secured Card With Credit Limit up to $100,000
First National Bank of Omaha Business Edition® Secured Mastercard® Card
BEST FOR:
Secured credit lines of as much as $100,000
Intro APR
None
Regular APR
APR: 25.99% variable
Annual Fee
$39
Credit Needed
Very Poor to Good
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits from $2,000 to $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount: Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount: Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports: First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
Intro APR
None
Regular APR
APR: 25.99% variable
Annual Fee
$39
Credit Needed
Very Poor to Good
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits from $2,000 to $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount: Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount: Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports: First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
Why We Like It
It offers a credit limit from $2,000 to $100,000, which is relatively high compared to most secured credit cards. Your limit will be based on your security deposit, which should be 110% of your desired limit. For example, if you need a limit of $100,000, then your security deposit should be $110,000. You don’t need a business credit score to qualify. You can typically get approved even with a low personal credit score—as long as you can make the required security deposit.
Other Benefits
- Low annual fee: Pay a low annual fee of $39
- Interest on security deposit: Earn interest on your security deposit; the rate will vary, so check the Deposit Agreement when you apply
- Mastercard Easy Savings®: Receive automatic rebates in over 40,000 participating merchant locations
Who Should Consider It Card
- Business owners who have low credit scores and can’t get approved for traditional business credit cards
- Those with extra cash that can be used as a security deposit
It is a great option for those with bad credit history. It is one of our best business cards for bad credit and leading business secured cards. Note that aside from the automatic rebates on selected purchases from Mastercard, FNBO does not offer ongoing rewards on your purchases.
Capital One Spark 1% Classic: Best for Fair Credit With $0 Annual Fee
Capital One Spark 1% Classic
BEST FOR:
Those with fair credit
Intro APR
N/A
Regular APR
30.74% variable
Annual Fee
$0
Credit Needed
Fair
- 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 to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No welcome offer
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Intro APR
N/A
Regular APR
30.74% variable
Annual Fee
$0
Credit Needed
Fair
- 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 to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No welcome offer
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Why We Like It
Business owners with fair credit may qualify for this card—no business credit history needed. It has a $0 annual fee and lets you earn 5% cash back on hotels and rental cars booked through Capital One Travel and 1% cash back on all other purchases, regardless of spending categories.
Other Benefits
- Credit building: Use the card responsibly to help build or improve your credit as Capital One reports your transactions to major credit bureaus
- Easy redemption: Redeem your cash back as a statement credit or through a check sent by mail; you can also set up an automatic redemption preference based on a set schedule per calendar year or when a threshold is met
- Cost savings: Pay $0 foreign transaction and balance transfer fees
Who Should Consider It Card
- Business owners with a fair credit score
- Those preferring to earn fixed-rate rewards that can be redeemed through statement credit or check by mail
It leads our list of the best fair credit business cards because of its generous rewards and few fees. However, it’s best to pay your balance in full each month as this card comes with a high ongoing APR.
card_name: Best for High Credit Limit, Generous Welcome Offer & Travel
card_name
BEST FOR:
Maximizing travel rewards at a lower annual fee
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Annual Fee
annual_fees
Credit Needed
credit_score_needed
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros
- Reward points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® card
- Comprehensive travel and purchase protection
- $0 foreign transaction fees
Cons
- No interest-free financing option on both purchases and balance transfers
- With annual fee
- Need to make extremely large purchases to qualify for the welcome offer
- Cellphone protection: Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection: Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection: You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring: Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards: You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
Intro APR
intro_apr_rate,intro_apr_duration
Regular APR
reg_apr,reg_apr_type
Annual Fee
annual_fees
Credit Needed
credit_score_needed
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros
- Reward points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® card
- Comprehensive travel and purchase protection
- $0 foreign transaction fees
Cons
- No interest-free financing option on both purchases and balance transfers
- With annual fee
- Need to make extremely large purchases to qualify for the welcome offer
- Cellphone protection: Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection: Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection: You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring: Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards: You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
Why We Like It
The card offers generous credit limits based on your personal credit score (which must be good to excellent) and other financial information. bonus_miles_full. This is equivalent to $1,000 cash back or $1,250 when redeemed toward travel, making it a great option for those who travel frequently.
Other Benefits
- Low annual fee: Pay only $95 per year while enjoying the benefits that come with the card
- Ongoing rewards: Earn 5x points on Lyft rides through March 2025, 3x points per $1 spent on online advertising, travel, shipping, internet, cable, and phone services on the first $150,000 spent in combined purchases on these categories, then 1x points per dollar after the cap is met and on all other purchases
- 25% more in travel redemption: Points are worth 25% more when you redeem them for travel
Who Should Consider It Card
- Those who travel frequently for business and want to use your points to save on travel costs
- Those who need a high credit limit and can spend at least $15,000 in the first three months
The card is one of our top high-limit business credit cards due to its generous welcome offer and lucrative ongoing rewards.
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard®: Best for Simple Rewards Program
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® credit card
BEST FOR:
Those with an existing business checking account with Bank of America
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn unlimited 1.5% cash back on purchases, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62% cash back on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No annual cap and cash rewards don’t expire as long as your account remains open.
- No annual fee.
- Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual fees
- Flexible redemption options
- With welcome offer
- With 0% introductory APR on purchases
Cons
- 0% introductory APR isn’t applicable to balance transfers
- With foreign transaction fees
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®: This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Unlimited Cash Rewards to a Bank of America business checking account for overdraft protection.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
Intro APR
0%
9 billing cycles
9 billing cycles
Regular APR
18.49% - 28.49% Variable APR on purchases
Annual Fee
$0.00
Credit Needed
Excellent
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn unlimited 1.5% cash back on purchases, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62% cash back on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No annual cap and cash rewards don’t expire as long as your account remains open.
- No annual fee.
- Choose how to redeem your cash rewards – as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual fees
- Flexible redemption options
- With welcome offer
- With 0% introductory APR on purchases
Cons
- 0% introductory APR isn’t applicable to balance transfers
- With foreign transaction fees
- Access to a business credit score: Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Balance Connect®: This helps prevent declined purchases, returned checks, or other overdrafts when you link your Bank of America® Business Advantage Unlimited Cash Rewards to a Bank of America business checking account for overdraft protection.
- Fraud monitoring: Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Zero liability protection: Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
Why We Like It
It offers a fixed-rate 1.5% cash back on all purchases regardless of spending categories. It has $0 annual fees, and if you have a Bank of America business checking account, you can earn up to 75% more cash back through the Preferred Rewards for Business program.
Other Benefits
- Introductory interest-free financing: Enjoy a 0% APR on purchases for the first nine billing cycles
- Welcome offer: Get $300 online statement credit after spending at least $3,000 in purchases within the first 90 days of account opening
- Flexible redemptions: Redeem your cash back as a deposit into your Bank of America checking or savings account, as a card statement credit, or as a check mailed to you
Who Should Consider It Card
- Those who don’t want to keep track of spending categories
- Those with Bank of America business checking accounts (read our Bank of America business checking review)
As our top-recommended business card for nonprofits, the card will also be a great choice if you have a nonprofit.
How We Selected the Best Credit Cards for New Businesses With No Credit History
We prioritized cards that offer opportunities for building credit scores and have $0 or low annual fees. We also looked at ongoing interest rates, introductory APRs, bonuses, ongoing rewards, and ease of application.
Frequently Asked Questions (FAQs)
Using business credit cards for your business-related expenses responsibly can help establish your business credit. A good business credit score is essential because it can help you qualify for small business loans whenever you need additional funding.
Aside from business credit cards, you can also use trade lines with suppliers. Note that late payments, high balances on credit cards, tax liens, and other legal judgments against your business can harm your credit score.
It usually takes at least three years to build your business credit, especially if you’re a new business and starting from scratch. However, some creditors may require only a year’s worth of business credit history. To establish business credit, make consistent on-time payments, avoid maxing out your credit limit to keep your credit utilization low, and pay all your bills (including vendors and lease) timely.
Most credit card companies require a personal guarantee as part of their approval process. There are business cards that don’t require a personal guarantee, and most of them are prepaid cards and co-branded store cards. Note that prepaid cards don’t report your transactions to credit bureaus, so they can’t help build your personal and business credit.
Bottom Line
When you don’t have a business credit history and are looking for a business credit card, most issuers will look at your personal credit score and your banking relationship with them as their basis for approval. Consider the fees, terms, rates, rewards, and features the card offers to determine which card is a good fit for your business.
You can find cards with 0% introductory rates, no annual fee, generous sign-up bonuses, and lucrative ongoing rewards. Also, select an option that reports your payment history to the business credit bureaus so that you can build your business credit over time.
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers.
