Getting A Business Credit Card Even With Bad Credit

People can get a personal credit card with bad credit, but is it possible to get a business credit card? You might be surprised to hear that the answer is yes.

There are no uniquely-designed business credit cards for people with less-than-perfect credit, but businesses can get a secured credit card. A secured credit card gives a business owner reasonable fee structures while giving them a cost-efficient credit building vehicle.

One business credit card you can get with bad credit is Credit One Bank Visa with Credit Line Increase. This credit card has an interest rate of 15.65%-24.15% and an annual fee of up to $99. There are no monthly fees, and it has a 24-day grace period if you cannot make your payment. The Credit One Bank Visa also comes with 1% cash back when you buy gas or groceries.

Primor Secured Visa Gold is another type of business credit card you can get with bad credit. Offered by First Choice Bank, it has an interest rate of 9.99%, an annual fee of $49, and a 25-day grace period. Primor reports to all three nationwide credit bureaus, allows a secured limit of $200 to $5,000, and guarantees approval as long as your monthly income exceeds your monthly expenses by $100 or more.

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Posted on May 18, 2023