Are you looking for small business credit cards with no credit? Check out our top choices!
The Absolute Best Small Business Credit Cards with No Credit
Credittude Financial researched a lot of business credit cards for you.. So, here are our top picks!
Per the SBA, company credit card limits are a whopping 10 — 100 times that of consumer cards.
This shows you can get plenty of more funds with small business credit. And it also means you can have personal credit cards at retailers. So, you would now have an additional card at the same shops for your business. And you will not need collateral, cash flow, or financials to get this business credit.
Small Business Credit Cards with No Credit: Benefits
These Perks can differ. So, make sure to choose the perk you prefer from this array of alternatives..
BOA - Business Advantage Travel Rewards World Mastercard® Credit Card!
Small Business Credit Cards with No Credit with 0% APR – Pay Zero!
Spend $1,000 in the initial 90 days and pay the annual fee. So, then you can earn 40,000 bonus points. New cardholders get a 12-month, 0% introductory APR on balance transfers made in 45 days of account opening.
Afterwards, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based on creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.
There is a $99 annual fee for this card
Get it here: https://cards.barclaycardus.com/cards/jetblue-card/
Startup Business Credit Cards with No Credit for Low APR and Balance Transfers - Discover it® Cash Back
You can get 5% cash back at different places each quarter. So, these are places like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Plus, automatically get unlimited 1% cash back on all other purchases.
You will get an unlimited dollar-for-dollar match of all the cash back you have gotten at the end of your first year, automatically.
Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html
Startup Business Credit Cards with No Credit with No Annual Fee - Uber Visa Card
Check out the Uber Visa Card. Uber is the very first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.
The credit card offers 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, get 3% back on hotel, airfare and vacation home rentals. And get 2% back on online purchases.
So, this includes retailers and subscription services like Uber and Netflix. And get 1% back on all other purchases. Each percent/point has a value of 1 cent. Redeem points for cash back, gift cards or Uber credits directly in the app.
By spending at least $500 in the first 90 days, users can earn a $100 sign-up bonus. Cardholders spending at least $5,000 per year are eligible to receive a $50 credit toward online subscription services.
DetailsIf you pay your cellular phone bill with this card, you are insured up to $600 for cellphone damage or theft.
Cardholders are eligible for exclusive access to specific events and offers. Uber anticipates the majority of these offers to be available in major cities like New York, San Francisco, Los Angeles, Chicago and DC. There is no foreign transaction fee.
But there is no introductory rate. So, the APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range.
Also, there are restrictions on Uber credits. To redeem points as credits within the Uber app, accrue a minimum of 500 points, or $5. Cardholders can convert a maximum of 50,000 points, or $500, per day.
Get it here: https://www.uber.com/c/uber-credit-card/
Costco Anywhere Visa® Business Card by Citi
Not taking Uber? Then you’ll need to fill your gas tank somehow. Why not do so with the Costco Anywhere Visa® Business Card by Citi?
This card earns cash back with every purchase. Earn 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Get 3% cash back at restaurants and on eligible travel purchases. Also, get 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.
So, note: the $0 yearly fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.
Also, there is no sign-up bonus offered with this card.
Get it here:
Ink Business Cash℠ Credit Card
Consider the Ink Business Cash ℠ Credit Card. Companies can get cash back with each purchase. Spend $3,000 in the initial three months from account opening. And you’ll earn a $500 bonus cash back.
There is a $0 yearly fee with a 0% introductory APR for 12 months on purchases and balance transfers. Thereafter, the APR is a 15.24 – 21.24% variable.
The credit card comes with travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.
DetailsEarn additional cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.
Note: this credit card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is greater. Also, there is a foreign transaction fee of 3%.
Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-cash
United Mileage Plus Explorer Business Card
Get a good look at the United MileagePlus Explorer Business Card.
Earn 2 miles/dollar with United and at restaurants, filling stations and office supply stores. All other purchases earn 1 mile/dollar. Earn a 50,000-mile sign-up bonus after spending $3,000 in the initial three months from account opening.
Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.
Also, get two United Club passes annually. And get hotel and resort perks including upgrades. In addition, get early check-in and late checkout. And get an auto rental collision damage waiver.
Plus, get baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance. Finally, get trip delay reimbursement, purchase protection, price protection and concierge service.
After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.
Get it here:
Starwood Preferred Guest® Business Credit Card from American Express
Another choice is the Starwood Preferred Guest Business Credit Card from American Express.
This card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Earn six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.
And get four points per dollar at US restaurants, American gas stations, and on American purchases for shipping.
Also, earn four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, get two points per dollar.
Earn 75,000 bonus points when you spend $3,000 in the first three months of account opening. Benefits include free in-room premium internet access, Sheraton Club lounge access, and purchase protection.
Plus, you get car rental loss and damage insurance. And you get baggage insurance. There is also a global assistance hotline. And there is a roadside assistance hotline. And get travel accident insurance and extended warranty coverage.
The most significant issue is the annual fee. There is a $0 introductory annual fee for the first year, then it’s $95 afterwards. Plus, there is no 0% introductory APR. Instead, there is a 17.74 – 26.74% variable APR
Get it here:
For average credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. The card earns an unlimited 1% cash back on all purchases. There is an annual fee of $0.
With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.
But KEEP IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus. In addition, this card reports monthly to personal credit. It does report to business credit as well, but they generally require a personal credit check and will always report to personal credit.
Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/
Small Business Credit Cards with No Credit for Luxurious Travel Points Capital One® Spark® Miles for Business
Be sure to check out the Capital One® Spark® Miles for Business card. With this card, you can earn 2 miles per dollar on all purchases. When you spend $4,500 within the first 3 months of opening an account, you can earn 50,000 miles. So, that is worth $500 in travel.
Benefits for cardholders include an auto rental collision damage waiver, and purchase security. And they also include extended warranty coverage. And you get travel and emergency assistance services.
Cardholders will pay $0 introductory for first year. But they will pay $95 after that for the annual fee.
There is no 0% APR for purchases or balance transfers with this card. The APR is 18.74% (variable).
Get it here: https://www.capitalone.com/small-business/credit-cards/spark-miles/
IHG ® Rewards Club Premier Credit Card
Have a look at the IHG ® Rewards Club Premier Credit Card. it earns hotel rewards worldwide. For every dollar spent at participating IHG hotels, get 10 points. Get two points per dollar spent at gas stations, grocery stores and restaurants.
And all, other purchases earn one point. New cardholders can earn an 80,000-point sign-up bonus when they spend $2,000 in the first three months of account opening.
DetailsThis card provides a free one-night hotel stay annually. Plus, there is a variety of benefits like travel and purchase coverage and an upgrade to Platinum Elite status with the IHG Rewards Club. The club offers complimentary room upgrades when available and guaranteed room availability.
The biggest issue is that the card does not offer a zero percent APR introductory rate. And the standard APR is 17.99 – 24.99% variable. Also, the annual fee is $89.
Get it here: https://creditcards.chase.com/a1/ihg/premiernaep
Marriott Rewards® Premier Plus Credit Card
The Perfect Small Business Credit Cards with No Credit for You
Your absolute best company credit cards hinge on your credit history and scores.
Only you can pick which exact features you want and need. So; with that being said, make sure to do your homework! What is excellent for you could be disastrous for other people.
And, as always, make certain to establish credit in the recommended order for the best, quickest benefits.
How to Build Business Credit with Bad Personal Credit
Start a Business by Learning How to Establish Business Credit with Bad Personal Credit
How to Get Business Credit with Poor Personal Credit: Set Up Your Company to Be Separate
Separate Contact Information
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It is very important that you get an EIN. This is an identifying number for your business that works like how your personal SSN works for you in the normal world. You can get one for free from the IRS.
The option you choose does not matter as much for fundability as it does for your budget and needs for liability protections. The best thing to do is talk to your personal tax professional or business attorney. What's going to happen is that you are going to lose the time in business that you have. When you set up your business and incorporate, you become a new entity. You basically will have to start over. You will also lose any positive payment history you may have accumulated unfortunately .
This is why you have to incorporate ASAP. Not only is it necessary for fundability and for building business credit, but so is "time in business". The longer you have been in business.. the more fundable you appear to be. That starts on the date of incorporation, no matter of when you actually started doing business.
Business Bank Account
Furthermore, there are several types of funding you can't get without a business bank account! Many lenders and credit cards providers want to see one with a minimum average balance at the start. In addition, you can't get a merchant account without a business account at a bank. That means, you won't be able to take credit card payments. Studies have shown that consumers tend to spend more when they can pay by credit card.
Of course, you are wondering how would a business website can affect funding. Here’s how. These days, you do not exist if you do not have a website. But, having a poorly put together website can be even worse. It’s a first impression, and if it appears to be unprofessional it will not be good look for your company at all.
How to Get Business Credit with Poor Personal Credit: Get Accounts Reporting
The other piece of this puzzle that is missed by many business owners is that you have to have a D-U-N-S number for it to work. Dun & Bradstreet is the largest and most commonly used business credit reporting agency. If you do not have a D-U-N-S number, you do not have a file with them. If payments are reporting to them and there is no corresponding D-U-N-S, the payments will not count. To build business credit you absolutely have to have this number.
Now, how do you get accounts reporting without your personal credit coming into play?
Ask The Vendors You Already Work with to Report Payments to Credit Agencies on your behalf..
Talk to Utility Providers about Reporting Payments
Use Starter Vendors in the Vendor Credit Tier
Quill Office Supplies - Quill sells office supplies as well as cleaning and packaging supplies. Products range from office furniture to office supplies and more.
They report to D&B. If you do not already have a PAYDEX score, you will have to place an initial order first. Generally speaking, they establish a 90-day prepay schedule, and if you order each month for three months, they will most often approve you for a Net 30 account.
Uline - Uline sells shipping, packing, and industrial supplies. Also, they report to Dun & Bradstreet. This means you must have a D-U-N-S number.
In addition, they ask for 2 references and a bank reference. The first few orders might need to be paid in advance to get approval for Net 30 terms.
Grainger Industrial Supply - Grainger sells power tools, pumps, hardware and other things. In addition, they can handle maintenance of your auto fleet. You need a business license and EIN to quality, as well as a D-U-N-S number.
You can apply by fax or over the phone. If you need less than $1,000 in credit, you only need a business license for approval. For over $1,000, you will need trade and bank references.
If you are just starting out and do not have references, the $1,000 is plenty to get you started building your business credit.
Behalf.com - Behalf is a way of getting paid through an app, but they also offer funding. The more you have your customers pay you through Behalf, the more likely Behalf is to offer you favorable terms when it comes to funding.
Funding can be through purchase financing or a virtual MasterCard option. Terms run from Net 30 to 180 days, and they report to Dun & Bradstreet, Experian, and Equifax. This fact alone, that they report to all the major credit reporting agencies, makes them an extremely valuable tool in building business credit.
How to Get Business Credit with Poor Personal Credit: Fix Your Personal Credit
How to Get Business Credit with Poor Personal Credit: Business Credit Monitoring
You also need to take some time, while building business credit, to figure out what else affects the fundability of your business. For example, in addition to how your business is set up, something as simple as a parking ticket or a lien can even affect the fundability of your business. You may be surprised at what else you find out.
Lance Shipp - Credittude Financial, Inc
Lance Shipp is the lead Content Manager for Credittude Financial. His duties include daily blogging, creating weekly webinar content, and writing articles about business credit, credit repair and aged shelf corps.