4 Business Credit Cards You Can Get with Bad Personal Credit
Securing business credit cards can be challenging if you have bad personal credit. However, several options are available that cater specifically to business owners in this situation. Here are four business credit cards that can help you build your business credit even with a less-than-perfect personal credit history.
1. Wells Fargo Business Secured Credit Card
The Wells Fargo Business Secured Credit Card is an excellent option for those looking to rebuild credit. This card requires a security deposit that serves as your credit limit, making it easier to get approved.
Benefits
- Reports to Business Credit Bureaus: This card reports to major business credit bureaus, helping you build your business credit.
- Flexible Payment Terms: Manageable monthly payments can ease your financial burden.
2. Capital One Spark Classic for Business
The Capital One Spark Classic for Business is designed for business owners with average credit. It offers unlimited 1% cash back on all purchases.
Benefits
- No Annual Fee: This card does not charge an annual fee, making it budget friendly.
- Cash Back Rewards: Earn rewards on every purchase, which can help offset costs.
3. OpenSky Secured Visa Credit Card
The OpenSky Secured Visa Credit Card is another solid option for rebuilding credit. It doesn’t require a credit check, making it accessible for those with bad credit.
Benefits
- Easy Approval: The lack of a credit check simplifies the application process.
- Reports to Credit Bureaus: It reports to the major credit bureaus, helping you improve your score.
4. Business Gold Card from American Express
The Business Gold Card is suitable for businesses with some existing credit history. While it requires good credit for the best terms, those with a few blemishes might still qualify.
Benefits
- Flexible Spending: This card allows for a high credit limit and is great for managing larger expenses.
- Rewards Program: Earn points on purchases, which can be redeemed for various benefits.
Establishing a Good Business Credit with Max Fortune’s GetBiz Credit Program
Establishing business credit is essential, especially if your personal credit is lacking. A strong business credit profile enables you to secure better financing options, negotiate better terms, and enhance your overall business credibility.
For tailored strategies on building business credit, even with poor personal credit, consider joining Max Fortune’s GetBiz Credit program. This resource offers expert insights and tools to help you successfully navigate the credit-building process.
Having bad personal credit doesn’t have to hinder your ability to secure business credit cards. By considering these options and taking proactive steps to improve your credit, you can build a strong financial foundation for your business.
To learn more about building your business credit, visit Max Fortune’s GetBiz Credit and explore membership options. Start your journey to financial empowerment today!