Are you ready to take control of your finances with a business credit card and make a positive impression on potential clients? Look no further!
Whether you’re a small business owner or a freelancer, the following 10 business credit cards with no credit will help you stay financially responsible and professional. So, grab a nice cup of coffee, and let’s dive in!
- The Best Business Credit Cards With No Credit (Overview)
- The 10 Best Business Credit Cards With No Credit in 2023
- 1. The Chase Ink Business Unlimited Card
- 2. The American Express Blue Business Plus Credit Card
- 3. The Wells Fargo Business Secured Credit Card
- 4. The American Express Blue Business CashTM card
- 5. The Capital One
- 6. The Chase Ink Business Preferred
- 7. The U.S. Bank Business Elite Mastercard
- 8. The Brex 30 Card
- 9. The First National Bank of Omaha Mastercard
- 10. The OpenSky Secured Visa Credit Card
- Why Is It Important to Have a Business Card With No Credit?
- Wrapping Up
The Best Business Credit Cards With No Credit (Overview)
We’ve included an overview of our top picks below. For detailed information on each pick, scroll down.
- The Chase Ink Business Unlimited Card
- The American Express Blue Business Plus Credit Cards
- The Wells Fargo Business Secured Credit Card
- The American Express Blue Business CashTM card
- The Capital One Spark Classic for Business
- The Chase Ink Business Preferred
- The U.S. Bank Business Triple Cash Rewards World Elite Mastercard
- The Brex 30 Card
- The First National Bank of Omaha Business Edition Secured Mastercard
- The OpenSky Secured Visa Credit Card
The 10 Best Business Credit Cards With No Credit in 2023
Now, let’s have an in-depth look at each business credit card.
The Chase Ink is a great unsecured card option. Look no further if you need good small business credit cards with fixed reward rates.
This card will give unlimited 1.5% cash back, which applies to all purchases without any annual fee and is much better than average personal credit cards.
You can request free employee cards at no additional cost per credit card. It’s also perfect for new owners as it offers a 0% APR for the first half-year period and then continues with a low APR.
This credit card allows you to transfer your points to another personal or business card inside the Ultimate Reward scheme to obtain a greater redemption value when booking for travel. The 17.49%-23.49% APR variable is customizable (depending on the prime rate).
There’s no annual fee, and the foreign transaction fee is 3%. Users can pay easily via the Chase mobile app, online, phone, or in person at a Chase branch.
American Express Blue is a great corporate credit card option for owners who must spend over their credit limits for personal assets or business assets.
This card can help you if you’re building credit or want to improve your credit history.
It offers points-based rewards on all purchases for business spending, with no category restrictions.
It’s best for owners with less than $50,000 in annual expenses as it offers 2x points on the first $50,000 purchases each year and 1x points on all purchases after that.
You can count on the 17.49%-25.49% APR variable. So this credit card is ideal for building business credit.
The foreign transaction fee is 2.7%, and it doesn’t have an annual fee. Users can make payments through the Amex mobile app, online, AutoPay, or direct bank payment.
The Wells Fargo Business is a secured credit card designed for businesses starting or needing to rebuild business credit.
These business cards offer cash-back rewards and benefits, but the rewards rate is less than many unsecured cards, and they’re ideal for building business credit.
These credit cards also offer the option to earn 1 point per dollar on every purchase, but this may not be a good fit for all cardholders.
The card has no annual fee and no foreign transaction fees and has a credit line range of $500 to $25,000. This is a great way to establish your credit line by providing a security deposit.
It also offers additional features such as autopay, online bank account management, fraud monitoring, and overdraft protection. However, it has a complicated rewards structure and high cash advance and transfer fees.
The American Express Blue Business CashTM is another terrific credit card for owners needing to spend beyond their credit limit. It features an adjustable credit limit.
These business credit cards also offer cash-back rewards on all business-related purchases.
So it’s best for entrepreneurs seeking good cash-back rewards; you can count on 2% cash back on all applicable buys (up to $50,000 per year), and the rate changes to 1% after this period.
It’s also perfect for owners who don’t want to constantly check their spending.
The APR is a 17.49% to 25.49% variable, which adjusts with the Prime Rate. The card has no annual fee, and the foreign card transaction fee is 2.7%. Users can make payments through the Amex mobile app, direct bank payment, AutoPay online, or via mail.
Capital One is an unsecured credit card that can help build and strengthen credit when used responsibly.
It allows you to earn fixed-rate rewards on all business-related purchases without paying an annual fee.
The APR is 29.74% variable, and there are no annual, foreign transaction, or balance transfer fees.
You can earn limitless 1 percent cash back on all purchases with these business credit cards and 5 percent cash back when you use Capital One Travel to make hotel and rental car reservations.
Payments can be made via mail, phone, online, and the Capital One mobile app.
The Chase Ink Business Preferred is a travel rewards credit card for business owners.
It offers a 100,000-point sign-up bonus when you spend $15,000 on purchases in the first three months, 3 points per $1 spent in certain categories, and 1 point per $1 on all other purchases.
The card also allows you to add employee business credit cards (with an employer identification number) at no additional cost and has an annual fee of $95.
Rewards points are worth 25% more when used for travel. You might be able to achieve similar things with a prepaid business debit card, but Chase will do the job just as well.
This business credit card offers unlimited cash rewards on purchases with no annual fee and is perfect for big purchases and those with ongoing software subscription costs.
For the first 15 billing cycles, the card’s introductory APR on purchases and debt transfers is 0%.
The rewards include 3% cash back on eligible purchases at gas and electric vehicle (EV) charging stations, office supply stores, cell phone service providers, and restaurants, and 1% cash back on all other eligible purchases.
A $100 statement credit is also available for ongoing software subscription costs, such as those for FreshBooks or QuickBooks.
You’ll receive $500 in cash after spending $4,500 on eligible purchases (on the account anniversary year).
The Brex 30 is a charge card aimed at business owners with the cash flow to pay off their monthly credit card balance.
It offers a potentially high credit limit and rewards at 7X or 8X points on certain purchases.
Additionally, the card offers discounts with companies like Slack, Apple, Google Ads, QuickBooks, and more.
Note that it requires daily payments to receive the highest rewards rate, and there’s no option to carry a balance, giving little room for flexible payment options.
You’ll need a business checking account with a minimum deposit of $50,000. The card has no hidden fees, and the welcome offer for new customers is 50,000 points earned through spending and linking payroll to the account.
The First National Bank of Omaha card is a secured business credit card that’s best for small business owners who need to improve or establish their credit score and have a bad credit history.
If your business has suffered because of a poor personal credit score, this secured card will come in handy because the bank won’t conduct a rigorous credit check.
The First National Bank card is also great if you struggle with late payment fees.
To qualify for the credit card, you must have a personal credit score between 300 and 719. Mastercard Easy Savings allows members to automatically receive refunds from more than 40,000 participating merchant locations, saving them money on purchases.
The card has no intro APR and a regular APR of 23.99% Variable. The annual fee is $39 and has a credit limit of $100,000.
This card has a balance transfer charge of $10 or 5% of the transfer and a cash advance fee of $15 or 5% of the cash advance.
You’ll have full online access to business finances and cash advances, and virtually all payments can be made online or through AutoPay.
The OpenSky Secured Visa is a business credit card designed for business owners who need to build or improve their credit. This card is perfect for those with bad personal credit history.
Although fair credit is ideal, the issuer won’t turn you away for bad business credit history when you apply because they won’t do a rigorous credit check.
But note that a refundable security deposit of $200 to $3,000 is required to open an account.
The card has a low annual fee of $35 and an APR of 18.14%. It’s best for business owners with a personal credit score below 580 and can help improve personal credit by reporting payment and usage to all three major credit bureaus.
Payments can be made online through the OpenSky account, mail, or overnight.
This card comes with standard Visa benefits, such as Cardholder inquiry service, Emergency card replacement and cash disbursement, and Zero liability for unauthorized transactions.
Why Is It Important to Have a Business Card With No Credit?
Having a business card with no credit is essential for creating a good impression on potential clients.
When you hand out a business card with a high credit balance, it can give the impression that you’re not financially responsible or that your business is struggling.
A high credit balance on a corporate card can negatively impact your business credit score, making it more problematic to get loans and personal credit in the future.
Also, bad personal credit or businesses with no credit history can struggle with obtaining a secured credit card, so credit card issuers might subject you to a personal credit check.
High credit on a business card can also lead to high-interest rates and fees, which can add up over time and cost your business money.
Having a corporate card with no credit is crucial for making a positive impression on potential clients and maintaining financial responsibility.
Whether you want to build a business credit history or maintain a healthy security deposit, a secured card is your best option.
These secured credit cards have unique features, so it’s important to carefully review the terms and conditions before applying.
Always remember to keep your personal expenses separate.