Yes, there are Credit Cards for Bad Credit
Are you looking for credit cards for bad credit?
We researched lots of company credit cards for you. So, here are our choices.
Per the SBA, business credit card limits are a whopping 10 – 100 times that of personal credit cards!
This shows you can get a lot more money with company credit cards.
And you will not need collateral, cash flow, or financials to get small business credit.
Business Credit Cards for Bad Credit: Benefits
Benefits can vary. So, make sure to pick the benefit you would prefer from this selection of alternatives.
And always check rates on the appropriate website to get current specifics.
Trustworthy Credit Cards for Bad Credit, Not Calling for a Personal Guarantee
Brex Card for Startups
Look into the Brex Card for Startups. It has no yearly fee.
You will not need to provide your Social Security number to apply. And you will not need to supply a personal guarantee. They will take your EIN.
Nevertheless, they do not accept every industry.
Likewise, there are some industries they will not work with, as well as others where they want more paperwork. For a list, go here: https://brex.com/legal/prohibited_activities/.
To determine creditworthiness, Brex checks a company’s cash balance, spending patterns, and investors.
You can get 7x points on rideshare. Get 4x on travel. Likewise, get triple points on restaurants. And get double points on recurring software payments. Get 1x points on everything else.
You can have bad credit (even a 300 FICO) and still qualify.
Find it here: https://brex.com/lp/startups-higher-limits/
Secure Corporate Credit Cards for Bad Credit
Capital One® Spark® Classic for Business
Have a look at the Capital One® Spark® Classic for Business. It has no annual fee. There is no introductory APR offer. The regular APR is a variable 26.99%. You can earn unlimited 1% cash back on every purchase for your company, without any minimum to redeem.
While this card is within reach if you have average credit scores, beware of the annual percentage rate. However if you can pay on schedule, and in full, then it’s a bargain.
Find it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
Score the best business credit cards for your business. Check out our professional research.
Gas Credit Cards for Bad Credit
You can get gas cards via our Business Credit Builder.
Our Business Credit Builder is full of amazing business credit cards. And that includes gas cards! These cards are starter vendors. We know they report to business credit reporting agencies. Whether you’re new to business credit building, or have been at it for a while, it pays to get these cards.
Marathon
Marathon Petroleum Company provides transportation fuels, asphalt, and specialty products, throughout the United States. Their comprehensive product line supports commercial, industrial, and retail operations. This card reports to Dun & Bradstreet, Experian, and Equifax. Before applying for multiple accounts with WEX Fleet cards, make sure to have enough time in between applying so they don’t red-flag your account for fraud.
Your Social Security Number is necessary for informational purposes. If concerned they will pull your personal credit talk to their credit department before applying. You can give a $500 deposit instead of using a personal guarantee, if in business less than a year. Apply online. Terms are Net 15.
Qualifying for Marathon Credit Card for Bad Credit
In order to qualify, you need:
- Entity in good standing with Secretary of State
- EIN number with IRS
- Business address- it has to be matching everywhere.
- D-U-N-S number
- Business License- if applicable
- Also, a business Bank account
- Business phone number listed on 411
Get it here: marathonbrand.com.
76
76 is owned by Phillips 66 Company. They sell gas in more than 1,800 retail fuel sites in the United States. This card reports to Dun & Bradstreet, Experian, and Equifax. And it can be used at any P66, 76, or Conoco fueling location.
Your Social Security Number is necessary for informational purposes. If concerned they will pull your personal credit, talk to their credit department before applying. If not approved based on business credit history or been in business less than 1 year, then a $500 deposit is needed or a personal guarantee (PG). Apply online or over the phone. Terms are Net 15.
Qualifying for Credit Cards for Bad Credit from 76
In order to qualify, you need:
- Entity in good standing with Secretary of State
- EIN number with IRS
- Business address- it has to be matching everywhere
- D-U-N-S number
- Business license- if applicable
- Also, a business bank account
- Business phone number listed on 411
Get it here: 76fleet.com.
Score the best business credit cards for your business. Check out our professional research.
Wex Fleet Card
Wrights Express (WEX Card) offers universal fleet cards, heavy truck cards, and universally accepted business fleet cards. These cards have features that support small business, including a rewards program.
Before applying for multiple accounts with WEX Fleet cards, make sure to have enough time in between applying. This way, they won’t red flag your account for fraud. This card reports to Dun & Bradstreet, Experian, and Equifax.
If you’re not approved based on business credit history, or been in business a 1 year, then a $500 deposit is needed or a personal guarantee. Apply online or over the phone. Terms are Net 15 for a WEX Fleet Card, Net 26, and Revolving for a WEX Flex Card.
Qualifying for a Wex Fleet Card
In order to qualify, you need:
- Entity in good standing with Secretary of State
- EIN number with IRS
- Business address- it has to be matching everywhere.
- D-U-N-S number
- Business License- if applicable
- And a business Bank account
- Business Phone Number Listed in 411
Get it here: wexinc.com/solutions/fleet-management
Fleet Credit Can Help with More than Fuel and Maintenance
All forms of business credit can help you build good business credit scores, as business credit is mainly based on your payment history. As a result, fleet credit can help your business eventually get funding, such as loans and other forms of financing.
Score the best business credit cards for your business. Check out our professional research.
The Very Best Small Business Credit Cards for You
Your straight-out ideal company credit cards depend upon your credit history and scores.
Just you can choose which features you want and need. So, to do your research. What is outstanding for you could be disastrous for another person.
And, as always, make sure to develop credit in the recommended order for the best, speediest benefits.
The post Do You Need Business Credit Cards for Bad Credit? appeared first on Credit Suite.
