Small business credit cards for fair credit are best for owners with personal credit scores below 670. Few issuers offer business credit cards for fair credit, but the best cards offer competitive APRs, low or no annual fees, and rewards programs. We recommend using these cards until you qualify for a traditional business credit card.
Top 5 Business Credit Cards for Fair Credit September 2019
Credit Card | Best For |
|---|---|
(Best Overall) Building credit with an unsecured business card | |
Firms that can’t qualify for an unsecured credit card | |
Businesses in the Sunbelt region wanting an unsecured card | |
Firms that want to issuer employee cards without a credit check | |
Owners seeking an alternative personal credit card option for fair credit |
Small Business Credit Cards for Fair Credit Changes
The updates to our list of the best business credit cards for fair credit reflect the Federal Reserve’s short-term interest rate cut on July 31, 2019. Plus, one small business credit card updated its ongoing reward structure in June 2019. This article was originally published in December 2018. SEE THE LATEST CHANGES IN DETAIL
Federal Reserve Cut Short-term Interest Rates
On July 31, the Federal Reserve cut its benchmark interest rate by 0.25%, the first cut since the 2008 financial crisis. We monitor Fed rate changes because they impact the APRs banks charge on business credit cards for average credit. Credit card APRs are based on a set percentage rate over the prime rate. When the prime rate changes, variable APRs typically follow. BBVA Compass and Wells Fargo have cut their credit card interest rates.
BBVA Compass Visa® Business Rewards Changed Its Bonus Rewards
In June, BBVA Bank made modest changes to the ongoing rewards program on the BBVA Compass Visa® Business Rewards card. You’ll now earn three points for every dollar you spend on office supplies, two points at gas stations and restaurants, and one point on all other spending. The card previously offered you a choice of which categories would earn three points, including restaurants, travel, or home improvement. Telephone and insurance purchases also earned two points.
What a Small Business Credit Card for Fair Credit Is
Small business credit cards for fair credit are designed for business owners with personal credit scores between 580 and 669. To qualify for most other small business credit cards, you’ll need a score of 670 (good credit score) to 850 (highest possible credit score). If your personal credit score is below 580, consider a secured business credit card or other low credit score credit cards. Secured cards have credit limits equal to a cash deposit held in a collateral account.
Small business credit cards for fair credit may charge higher fees than other small business credit cards, including APRs of 30% or higher. They also offer lower rewards and fewer benefits, like extended warranty protection. But they provide owners a way to build credit with an unsecured business credit card.
Shop & Compare All Business Credit Cards
How We Evaluated Small Business Credit Cards for Fair Credit
We looked at more than a dozen personal and small business credit cards for fair credit. Most aren’t worth recommending because they charge excessive fees—including annual fees and charges to open a credit account. We looked for cards that offer owners a relatively inexpensive way to improve their credit and eventually graduate to a better small business credit card.
In our evaluation of business credit cards for fair credit, we considered the following criteria:
- Fees: Monthly and annual charges assessed on a small business credit card. The best small business credit cards for fair credit charge low or no annual fees.
- APR: The interest rate charged if you don’t pay off your bill in full each month. Look for a card that assesses an APR of 26% or less.
- Rewards: Points or cash back you’ll earn when you use your business credit card. Fair credit business cards should offer at least 1% back, or slightly lower than the best cash-back business cards.
- Additional features: Benefits offered to cardholders, like extended warranties and free auto insurance on car rentals. They all also report your spending and payment history to credit bureaus, which could help improve your credit score.
Based on the features business owners with fair credit should look for in a credit card, we rank Capital One® Spark® Classic for Business as the overall best business credit card for fair credit. This is the only nationally available business credit card on our list that charges no monthly or annual fees. It offers 1% cash back, and its ongoing variable APR ticks in just above 25%.
Capital One® Spark® Classic for Business: Overall Best Business Credit Card for Fair Credit
Capital One® Spark® Classic for Business
- Earn unlimited 1% cash back for your business on every purchase, everywhere, no limits or category restrictions
- No annual fee
- Build and strengthen credit for your business by using this credit card responsibly
- $0 Fraud Liability if your card is lost or stolen
- Free employee cards, which also earn unlimited 1% cash back on all purchases
- Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
- No foreign transaction fees
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| N/A | 24.74% (Variable) | $0 | Average, Fair, Limited |
on Capital One® Spark® Classic for Business's secure website.
Capital One® Spark® Classic for Business is best for business owners seeking to build both personal and business credit and who also want to earn rewards. It charges no monthly or annual fees—a claim not all of the cards on this list can make—and comes with a variable APR of 24.74%, which is about average for a business credit card for fair credit.
Capital One® Spark® Classic for Business Costs
This business credit card with no annual fee charges a variable ongoing APR of 24.74%. If you make a late payment, the issuer will apply a variable penalty APR of 31.15%. Be sure to pay off your balance in full to avoid interest charges.
Financing costs and fees on Capital One® Spark® Classic for Business include:
- Introductory APR: None
- Ongoing APR: 24.74% variable, which will adjust with the prime rate
- Penalty APR: 31.15% variable, which may be applied if you make a late payment twice within any 12 billing periods; the rate may be reduced after you make 12 consecutive on-time payments
- Late fee: Up to $39
- Foreign transaction fee: None
- Balance transfer fee: None
- Annual fee: None
The typical credit card charges about 17% APR, so the interest rate on Capital One® Spark® Classic for Business is fairly high. But when compared with other business credit cards for fair credit, the APR ranks about average. The Capital One® QuicksilverOne® Cash Rewards credit card, a personal credit card for fair credit, charges an ongoing variable APR that is more than a percentage point higher.
Capital One® Spark® Classic for Business Rewards
Capital One® Spark® Classic for Business pays 1% cash back on all purchases. Compare that to BBVA Compass Visa® Business Rewards, which offers 3x points on certain bonus category spending. That card is not available nationally. Capital One® Spark® Classic for Business does not offer introductory rewards. This is typical among business credit cards for fair credit.
How to Redeem Rewards
You can redeem your rewards in one of four ways:
- Statement credit or check: You can get your cash back upon request in the form of a statement credit or a check by mail.
- Redeem for purchases: You can redeem your rewards for a recent transaction made on your Capital One business credit card.
- Redeem for gift cards: You can redeem your rewards for gift cards at restaurants, retailers, or hotels. Your gift card will arrive within two to three weeks.
- Automatic redemption: You have two options for receiving your rewards automatically. You can receive them at a set time each calendar year or when your reach a specific threshold―$25, $50, $100, $200, $500, or $1,500.
Compared to some cards on our list, Capital One® Spark® Classic for Business offers more reward redemption options. For example, the Wells Fargo Business Secured Credit Card gives you the option to redeem your rewards for airline tickets.
Capital One® Spark® Classic for Business Additional Features
According to its Visa benefits guide, Capital One® Spark® Classic for Business offers a number of protections against lost or damaged items you purchase with the card, like extended warranty protection. Many, but not all, of the cards on this list offer at least some loss protection.
Capital One® Spark® Classic for Business includes the following additional features:
- 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 one 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.
This card offers more protections than any other card on our list. The Wells Fargo Business Secured Credit Card, for example, offers only purchase protection. Extended warranty protection and car rental insurance are common benefits offered by the best small business credit cards.
What Capital One® Spark® Classic for Business Is Missing
Capital One® Spark® Classic for Business charges a high variable APR and offers low ongoing rewards compared with small business credit cards for owners with good to excellent credit. But this card is a solid pick compared with other small business credit cards for average credit. Still, you should use this card to build your credit so you can qualify for one that costs less and offers better rewards.
Capital One® Spark® Classic for Business Reviews
We considered both user reviews and editorial reviews when rating this card. Capital One® Spark® Classic for Business reviews typically call this the best small business credit card for fair credit. Still, reviewers acknowledge this card should be used to build enough credit to graduate to a card that offers better rewards and lower costs.
User Reviews
Users say they are largely satisfied with their Capital One® Spark® Classic for Business card. However, some users complain about low credit limits and missing perks. Cardholders say the card’s best feature is the cash-back rewards.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Capital One® Spark® Classic for Business editorial reviews often name this the best small business credit card for fair credit. This card earns high marks because it charges no annual fee. But it’s also recognized because it’s a nationally available credit card; most business cards for fair credit are not.
How to Apply for Capital One® Spark® Classic for Business
You can apply for the Capital One® Spark® Classic for Business online. The application takes minutes and you can get approved instantly. Once approved, the card typically takes seven to 10 business days to arrive.
Wells Fargo Business Secured Credit Card: Best Secured Credit Card for Fair Credit
Wells Fargo Business Secured Credit Card
- 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
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| N/A | Prime + 11.90% on purchases | $25 per card | N/A |
On Wells Fargo's Secure Website
The Wells Fargo Business Secured Credit Card is best for owners who can’t qualify for an unsecured card or want a credit limit of up to $25,000. You’ll need $500 to $25,000 in cash to put down a security deposit, which unsecured cards don’t require. You’ll pay an ongoing variable APR of 17.15%, which is good compared with other cards on our list.
Wells Fargo Business Secured Credit Card Costs
The Wells Fargo Business Secured Credit Card charges $25 per card annually (10-card maximum) and a variable APR of 17.15%.
Financing costs and fees on the Wells Fargo Business Secured Credit Card include:
- Credit line: Deposit $500 to $25,000 in a collateral account, which equals the amount of your credit line
- Introductory APR: None
- Ongoing APR: 17.15% variable, which will adjust with the prime rate
- Penalty APR: None
- Late fee: Up to $39
- Foreign transaction fee: None
- Balance transfer fee: Transfers not allowed
- Annual fee: $25 per card (10-card maximum)
The variable APR on the Wells Fargo Business Secured Credit Card is far lower than other business credit cards for fair credit on this list. It is, however, the only secured card on our list, which means you’ll need access to capital to fund your account. Unlike BBVA Compass Visa® Business Rewards or Capital One® Spark® Classic for Business, this Wells Fargo card charges an annual fee.
Wells Fargo Business Secured Credit Card Rewards
The Wells Fargo Business Secured Credit Card offers no introductory rewards. However, it does offer ongoing rewards worth up to 1.5% cash back that are potentially more valuable than what you’ll earn with Capital One® Spark® Classic for Business.
The flat-rate cash-back option will net your business a higher return than the 1% cash-back Capital One® Spark® Classic for Business offers. But it’s lower than the 3x points BBVA Compass Visa® Business Rewards offers in some bonus categories. This Wells Fargo card is the only option on our list that lets you decide whether to receive cash back or points rewards.
How to Redeem Rewards
You can choose to receive rewards in one of two ways:
- Cash back: Earn 1.5% cash back for every $1 spent on purchases; redemption is automatic as you’ll receive a statement credit or the bank will deposit cash rewards in your eligible checking or savings account once per quarter.
- Points: Earn 1 point for every $1 spent on net purchases and 1,000 bonus points when your company spends $1,000 in any monthly billing period; points can be redeemed for gift cards, merchandise, or airline tickets.
The Wells Fargo Business Secured Credit Card offers a unique rewards structure that allows you to choose between cash back or points. This is beneficial for business owners want to choose how they redeem their rewards.
Wells Fargo Business Secured Credit Card Additional Features
The Wells Fargo Business Secured Credit Card comes with just one major benefit: purchase protection. Wells Fargo will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase. This is similar to the purchase protection offered by Capital One® Spark® Classic for Business. The Capital One card also offers extended warranty protection and car rental insurance.
What Wells Fargo Business Secured Credit Card Is Missing
This low credit score credit card option isn’t an unsecured credit card, which means you’ll need to deposit money to get a credit line. This card isn’t good for businesses that are short on cash. Additionally, Wells Fargo doesn’t report to personal credit, which means this card will only help you build your business credit. However, Wells Fargo periodically reviews your credit history and, depending on different factors, may upgrade you to an unsecured Wells Fargo business credit card.
Wells Fargo Business Secured Credit Card Reviews
We considered both user reviews and our own editorial review when rating this card. Wells Fargo Business Secured Credit Card reviews generally name this card the best business secured card on the market. Users say they’ve been able to improve their business credit by using this card responsibly, but not everyone has had a chance to move to an unsecured card.
User Reviews
Wells Fargo Business Secured Credit Card users say their responsible use of this card has allowed them to improve their business credit score. Others complain that even when they improved their credit score, the issuer failed to upgrade them to an unsecured business credit card. Although your credit score is an important factor, it’s not the only factor an issuer considers when deciding whether to extend credit. Debt, for example, may play a role.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. We named the Wells Fargo Business Secured Credit Card the best secured small business credit card. The card offers owners a low-cost way to build business credit, but it does charge an annual fee. Some personal secured cards waive all annual fees.
How to Apply for Wells Fargo Business Secured Credit Card
Only business owners with an existing relationship with the bank may apply online for the Wells Fargo Business Secured Credit Card. Otherwise, you’ll need to apply in person at a branch. When considering your application, Wells Fargo will examine your credit experience and payment history, cash flow, existing credit obligations, and your current relationship with the bank.
BBVA Compass Visa® Business Rewards: Best for Fair Credit in the Sunbelt Region
BBVA Compass Visa® Business Rewards Credit Card
- No annual fee
- Earn 1 point for every $1 in purchases
- Earn 1 additional point for every $1 you spend on qualifying gas, office supply, telephone, and insurance purchases with Bonus CompassPoints
- Build Your Own Rewards® with CompassPoints® Online account services
- Employee cards at no additional cost
| INTRO APR | REGULAR APR | ANNUAL FEE | CREDIT NEEDED |
|---|---|---|---|
| 0% Intro APR on Purchases | 11.24% - 25.24% Variable | $0 | Average - Excellent |
On BBVA's Secure Website
BBVA Compass Visa® Business Rewards is best for small business owners who live in the Sunbelt, as this card is only available in seven southern and western U.S. states. This card is the only card on our list to offer 0% introductory APR for purchases. BBVA Compass offers an ongoing APR of 11.24% to 25.24%. Owners with fair credit should expect to pay an APR on the high end of the range.
BBVA Compass Visa® Business Rewards Costs
BBVA Compass Visa® Business Rewards charges no annual fee and no interest for nine months on purchases. Plus, you’ll receive cheap balance transfer financing on transfers approved within the first 90 days. This is the only 0% APR business credit card on our list.
Financing costs and fees on the BBVA Compass Visa® Business Rewards card include:
- Introductory APR: 0% for nine months on purchases; 0% to 3.99% on balance transfers requested and approved within 90 days of account opening
- Ongoing APR: 11.24% to 25.24% variable, which will adjust with the prime rate
- Penalty APR: 29.24%, which may be applied if you pay late; the issuer does not say how long the penalty APR may be applied
- Late fee: $19 if the previous balance on the statement showing the fee is less than $100, $39 if the balance is $100 or more, and $49 if the penalty APR is in effect
- Foreign transaction fee: 3%
- Balance transfer fee: $10 or 4%, whichever is higher
- Annual fee: None
The bottom end of the interest rate range on the BBVA Compass Visa® Business Rewards card is well below the average credit card APR. Business owners with fair credit are unlikely to qualify for the lowest rate. The top end of the range is slightly less than you’d pay with Capital One® Spark® Classic for Business. As you improve your credit, you can request an interest rate reduction and continue to use this card.
BBVA Compass Visa® Business Rewards Card Rewards
BBVA Compass Visa® Business Rewards is the only card on our list to offer introductory rewards. Its ongoing rewards are offered as part of a tiered program. No other card on our list offers tiered rewards, and none offer ongoing rewards for category purchases that pay as well as this card.
Introductory Rewards
You’ll earn 20,000 CompassPoints when you make $3,000 in purchases in the first 90 days. That’s an excellent return for a small business credit card for fair credit. Few cards for fair credit offer introductory rewards.
Ongoing Rewards
BBVA Compass Visa® Business Rewards offers the following ongoing rewards:
- 3x points for every $1 you spend on office supply store purchases.
- 2x points at gas stations and restaurants.
- 1x points for all other purchases.
This card offers potentially the most lucrative rewards among any card on our list, particularly if your business has a large budget for office supply purchases.
How to Redeem Rewards
Points can be redeemed for statement credits, but you must redeem a minimum of 2,500 points. Points are worth 1 cent each. Other cards offer more reward redemption options, like Capital One® Spark® Classic for Business, which lets you redeem your rewards for cash back, recent purchases, and gift cards.
BBVA Compass Visa® Business Rewards Additional Features
Like several other cards on this list, the BBVA Compass Visa® Business Rewards card offers protection against theft and damage of items paid for with the card. It also includes a travel benefit not seen elsewhere.
BBVA Compass Visa® Business Rewards includes the following additional features:
- Purchase protection: BBVA Compass will replace, repair, or reimburse you for eligible items in the event of theft or damage within the first 90 days of purchase.
- Travel accident insurance: You’ll receive coverage up to $500,000 for travel accidents when transportation is purchased with your business credit card.
- Auto rental collision damage waiver: You’re covered for damage due to collision or theft when you rent an eligible car with your BBVA Compass Visa® Business Rewards card.
- Savings through Visa: Enroll your card with Visa® SavingsEdge and shop at participating merchants to save up to 15%, including gas stations and restaurants.
Capital One® Spark® Classic for Business offers similar purchase protection and auto rental insurance. It also offers extended warranty protection, while the BBVA Compass card does not.
What BBVA Compass Visa® Business Rewards Is Missing
Unlike the other business credit cards on our list, the BBVA Compass Visa® Business Rewards card is not available nationally. Business owners in just seven states are eligible to apply: Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. If you live outside of these states, consider Capital One® Spark® Classic for Business, which is available nationally.
BBVA Compass Visa® Business Rewards Reviews
We considered both user reviews and editorial reviews when rating the BBVA Compass Visa® Business Rewards card. User reviews mostly focus on customer service issues, while editorial reviews applaud the lack of an annual fee. Editorial reviews rate the customer experience as average.
User Reviews
BBVA Compass Visa® Business Rewards card user reviews focused negatively on customer service. We could not find any positive user reviews.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. BBVA Compass Visa® Business Rewards earns high marks for its rewards program and its lack of an annual fee. This card would be more valuable if it was available to business owners outside of the Sunbelt region.
How to Apply for BBVA Compass Visa® Business Rewards
Small business owners cannot apply for BBVA Compass Visa® Business Rewards online. The bank directs potential cardholders to apply at a branch or to call a toll-free phone number.
Bento for Business: Best Prepaid Credit Card for Fair Credit
Bento For Business Visa® Debit Card
- Instant Decision
- No Credit Check Required
- One-click card controls & expense reports
| NUMBER OF CARDS | MONTHLY COST | DAILY LOAD LIMIT | DAILY SPEND LIMIT |
|---|---|---|---|
| Unlimited | $0 for the first 2 cards. $29-149 monthly for more | None | $25,000 |
on Bento For Business Visa® Debit Card's secure website.
Bento for Business is best for businesses seeking a prepaid credit card option that requires fewer qualifications than traditional small business credit cards. Bento is a good choice for businesses that don’t need many cards, as the issuer offers the first two for free. If you need more than two cards, you’ll pay a monthly fee of $29 or more. No other card on our list charges a monthly fee.
Bento for Business Costs
Bento for Business charges just one fee: its monthly fee, which could range from $0 to $149 per month. If you had to pay a monthly fee, your costs would almost certainly be higher with this card than with any other card on our list.
Bento offers the following tiered pricing based on the number of cards you need:
- First two business prepaid cards: Free
- Three to 10 cards: $29 per month
- Eleven to 25 cards: $69 per month
- Unlimited cards: $149 per month
Bento will waive the monthly fee if your business spends $20,000 or more per month. Unlike other prepaid cards, Bento does not charge transaction, new card issuance, setup, or load fees. As a prepaid card, there also is no APR and no annual fee.
Bento for Business Rewards
Like most prepaid business cards, Bento for Business offers no rewards. Every other card on our list offers the opportunity to earn rewards on card spending.
Bento for Business Additional Features
Bento for Business offers several features that other cards on our list offer, but which aren’t particularly common to business prepaid cards, like purchase protection and rental car insurance.
Bento for Business includes the following additional features:
- Auto rental collision damage waiver: Receive primary rental coverage when you rent a car for business. You may be reimbursed for up to the actual cash value of the vehicle in case of collision or theft.
- Purchase protection: When you use your Bento for Business prepaid debit card and your purchase is stolen or damaged within the first 90 days, you’re covered up to $10,000 per claim and $50,000 per year. The item will either be repaired or replaced, or you will be reimbursed.
Capital One® Spark® Classic for Business offers similar purchase protection and auto rental insurance. It also offers extended warranty protection, while Bento for Business does not.
What Bento for Business Is Missing
Bento for Business isn’t an unsecured credit card, and so you can only spend up to the amount you have loaded on the card. The card also doesn’t report activity to the credit bureaus, so it won’t help you improve your credit score. And, unlike other business credit cards for average credit, Bento doesn’t offer any rewards for your spending.
If improving your credit and earning rewards are important to you, consider another credit card. The Capital One® Spark® Classic for Business card reports payments to credit bureaus and offers ongoing rewards.
Bento for Business Reviews
We considered both user reviews and our own editorial review when rating this prepaid card. Bento for Business reviews suggest this card is an inexpensive way to pay for business expenses and manage employee spending. The monthly cost can get expensive if you need more than two cards.
User Reviews
Users say managing multiple cards is simple and efficient, making it easy to control business expenses. Customer service is seen as a huge positive. However, some cardholders complain that it takes too long for deposited funds to be processed. Transfers may take two to three business days to process.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Bento is ideal for small businesses that only need a card or two. Ongoing costs, in this case, almost certainly would be lower than with a small business credit card. But if you need more than two cards, you’ll be better off with a credit card to keep costs down.
How to Apply for Bento for Business Card
You can apply online for Bento for Business and receive instant approval. The account will take two to three days to fund, and you’ll receive your first card within seven to 10 business days.
Capital One® QuicksilverOne® Rewards: Best Personal Credit Card for Fair Credit
The Capital One® QuicksilverOne® Cash Rewards personal credit card is best for owners who don’t like the available options for the best business credit cards for average credit. It offers a solid fixed-rate return on all purchases. The annual fee is $39, which is higher than other options on our list. You’ll pay a variable APR of 26.46%, which is higher than other cards on this list.
Capital One® QuicksilverOne® Rewards Costs
Capital One® QuicksilverOne® Cash Rewards charges an annual fee of $39 and an ongoing variable APR of 26.46%. This card does not offer an introductory 0% APR period like BBVA Compass Visa® Business Rewards.
Financing costs and fees on Capital One® QuicksilverOne® Cash Rewards include:
- Introductory APR: None
- Ongoing APR: 26.46% variable, which will adjust with the prime rate
- Penalty APR: None
- Late fee: Up to $39
- Foreign transaction fee: None
- Balance transfer fee: None
- Annual fee: $39
The variable APR for the Capital One® QuicksilverOne® Cash Rewards card is the highest annual fee of any card on our list. The only other card on our list to charge an annual fee is the Wells Fargo Business Secured Credit Card ($25).
Rewards on Capital One® QuicksilverOne® Rewards
The Capital One® QuicksilverOne® Cash Rewards card offers no introductory rewards. You’ll earn 1.5% cash back in ongoing rewards on every purchase. That’s more than the 1% cash back Capital One® Spark® Classic for Business pays, but it’s lower than you could earn in certain bonus categories with the BBVA Compass Visa® Business Rewards card.
How to Redeem Rewards
You can redeem your rewards in one of four ways:
- Statement credit or check: You can get your cash back upon request in the form of a statement credit or a check by mail.
- Redeem for a purchase: You can redeem your rewards for a recent transaction made on your Capital One business credit card.
- Redeem for gift cards: You can redeem your rewards for gift cards at restaurants, retailers, or hotels. Your gift card will arrive within two to three weeks.
- Automatic redemption: You have two options for receiving your rewards automatically. You can receive them at a set time each calendar year or when a threshold has been reached―$25, $50, $100, $200, $500, or $1,500.
These redemption options are identical to our top pick for the best business credit cards for fair credit, Capital One® Spark® Classic for Business.
Capital One® QuicksilverOne® Rewards Additional Features
The Capital One® QuicksilverOne® Cash Rewards credit card includes several benefits protecting against theft and damage like other cards on our list offer, but it’s missing one common benefit: purchase protection.
Capital One® QuicksilverOne® Rewards includes the following additional features:
- Extended warranty protection: You’ll get additional warranty protection on eligible items that are purchased with your business card, up to one 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® QuicksilverOne® Cash Rewards credit card.
Capital One® Spark® Classic for Business offers similar purchase protection and auto rental insurance. It also offers extended warranty protection, while Capital One® QuicksilverOne® Cash Rewards card does not.
What Capital One® QuicksilverOne® Rewards Is Missing
Most personal credit cards that offer cash-back rewards of 2% or less don’t charge an annual fee. You’ll need to calculate whether you’ll spend enough with this card to justify the $39 annual fee or if a card that offers smaller rewards, like Capital One® Spark® Classic for Business (1%) and no annual fee, is a better fit.
Capital One® QuicksilverOne® Rewards Reviews
We considered both user reviews and editorial reviews when rating Capital One® QuicksilverOne® Cash Rewards. Both users and editorial reviews find the rewards on this card to be excellent, considering this is meant for users with fair credit. The APR is one of this card’s biggest weaknesses, so users should avoid carrying a balance, if possible.
User Reviews
Capital One® QuicksilverOne® Rewards users applaud the rewards rate and the issuer’s customer service. Some complain about not being able to get a higher credit line. Capital One says cardholders can get access to a higher limit after making their first five monthly payments on time.
Editorial Reviews
We rate small business credit cards based on their costs, rewards, and benefits. Capital One® QuicksilverOne® Cash Rewards does not compare favorably to other personal credit cards because of its annual fee and high ongoing APR. It is, however, a decent alternative to business credit cards for fair credit because its ongoing rewards are a bit higher than most.
How to Apply for Capital One® QuicksilverOne® Rewards
You can apply for the Capital One® QuicksilverOne® Cash Rewards credit card online. The application takes minutes and you can get approved instantly. Once approved by Capital One, the card typically takes seven to 10 business days to arrive.
Bottom Line
Know your credit score before applying for a credit card. If your score is less than 670, you may be a good candidate for a small business credit card for fair credit. Rewards will be less lucrative on this type of card, and your fees will likely be higher. But this doesn’t have to be your go-to card forever. Use the card responsibly to improve your credit and gain access to better business cards.
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