BEST OF

Best Business Credit Cards for Fair Credit of February 2023

Jan 24, 2023

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Having fair credit won’t stop you from getting a business credit card. While a less-than-perfect score may limit your choices, cards are still available that will let you earn rewards and build business credit.

The following cards are options for business owners with fair or average credit (a score from 630 to 689), though some have high annual revenue requirements. If you're a sole proprietor, you can also consider a personal credit card — just aim to use it exclusively for business purchases.

Some of our selections for the best business credit cards for fair credit can be applied for through NerdWallet, and some cannot. Below, you'll find application links for the business credit cards from our partners that are available through NerdWallet, followed by the full list of our picks.

NerdWallet's Best Business Credit Cards for Fair Credit of February 2023

Best Business Credit Cards for Fair Credit From Our Partners

Our pick for

Overall business card for fair credit

Apply now

on Capital on Tap's website

Capital on Tap Card

3.8

NerdWallet rating 
Apply now

on Capital on Tap's website

Annual fee

$0

Rewards rate

1.5%

Intro offer

$1,200

Recommended Credit Score

The Capital on Tap Card offers 1.5% cash back on all purchases, no annual fee and the potential for a big sign-up bonus. Best of all, it’s available to business owners with a personal FICO score of 670 or higher, provided you meet other requirements. Note: This business card is not available to sole proprietors.

Pros

  • Earn unlimited 1.5% cash back on all purchases.

  • Generous sign-up bonus.

  • Apply without a hard credit check.

  • 24/7 customer service.

Cons

  • Not available to sole proprietors, charities or nonprofits.

  • Must enroll in automatic payments.

Read full review
  • 1.5% rewards on all spend, no caps or restrictions

  • Earn a $1,200 cashback when spending $50,000 in the first 6 months (for NerdWallet readers). If you don't meet the offer you'll still be eligible to earn $200 when you have spent $15,000 in the first 3 months.

  • $0 annual fee

  • No foreign exchange fees

  • Applying has no impact on credit score

  • APRs range from 9.99% to 34.99%

  • Unlimited cards for your employees

  • Capital on Tap Business Credit Cards are issued by WebBank

Our pick for

Corporate card for business owners with fair credit

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on Ramp's website

Ramp Card

4.1

NerdWallet rating 
Apply now

on Ramp's website

Annual fee

$0

Rewards rate

1.5%

Cashback

Intro offer

$0

Recommended Credit Score

The Ramp Card comes with a lot of perks: unlimited cash back, spending controls, forecasting tools and automatic receipt matching. Plus, there's no credit check or personal guarantee, making it a good option for business owners with fair credit but ample business cash reserves. But since it’s a corporate card, it’s only available to businesses registered as corporations, LLCs and limited partnerships.

Pros

  • No annual fee or foreign transaction fees.

  • Simple, straightforward rewards.

  • No personal guarantee or credit check.

  • Direct integrations with popular tools and card-level spending controls and alerts.

Cons

  • Balance must be paid in full each month.

  • Not available to sole proprietors or unincorporated businesses.

Read full review
  • Earn unlimited 1.5% cash back on all purchases.

  • No personal guarantee or personal credit check required.

  • 30-day charge card running on the Visa network. Payment in full automatically debited from connected business bank account on the same day each month.

  • Must spend more than $10,000 per month on corporate cards currently.

  • Must have at least $75,000 in a U.S. business bank account to qualify.

  • Ramp card is only available to corporations, LLCs and limited partnerships. Individuals, sole proprietors and unregistered businesses are not eligible.

  • Direct integrations to streamline accounting, collaboration and expense reporting.

Our pick for

Businesses with professional investors

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on Brex's website

Brex Card

3.2

NerdWallet rating 
Apply now

on Brex's website

Annual fee

$0

Rewards rate

1x-7x

Points

Intro offer

10,000

Points

Recommended Credit Score

The Brex Card doesn't require a personal credit check, making it a good option for those with fair or average credit. You can earn a welcome bonus and ongoing rewards with bonus categories. Monthly repayment terms are reserved for business owners with professional funding and a healthy bank balance, though, and this charge card isn’t an option for sole proprietors.

Pros

  • No annual fee

  • New cardholder bonus offer

  • Qualify with limited/bad credit

  • Bonus categories

  • No foreign transaction fees

  • No personal guarantee

Cons

  • Complicated rewards

  • No Intro APR

  • No revolving balances

Read full review
  • Get 10,000 points when you spend $3,000 on a Brex Card within your first 3 months.

  • No personal guarantee needed – Brex does not ask for a personal credit check or security deposit during the application.

  • Credit limits 10-20x higher than traditional small business corporate cards.

  • Minimum bank balance of $50,000 from professional investors may be required to qualify for Brex.

  • Exclusive signup offers from the best products and tools for your business (e.g. AWS, Google Ads, WeWork, Salesforce) worth up to $150,000 in value.

  • Earn points on every dollar spent with industry-leading multipliers: 7x on rideshare, 4x on Brex Travel, 3x on restaurants, 2x on software subscriptions and 1x on all other transactions.

  • Earn 3x Brex Rewards points on all eligible Apple purchases through the link or your Brex dashboard.

  • Miles transfer program to 7 airlines (including Singapore Airlines, Qantas, Air France, and more) and their loyalty programs, giving Brex customers access to book travel across all of the major global airline alliances - Star Alliance, Oneworld, and SkyTeam.

  • 30-day charge card running on the Mastercard network. Enjoy global acceptance with no foreign transaction fees.

  • Build business credit: Brex partners with Dun & Bradstreet and Experian to report your on-time payments.

  • Make employee expenses seamless - automated receipt-capture and expense matching and reconciliation via text, email, and mobile app. Instantly add new users and set spending limits.

  • Contactless pay with Apple Pay, Google Pay, and Samsung Pay.

  • Simplify reconciliation with built-in integrations with QuickBooks, Xero, NetSuite, and more.

Our pick for

Personal card for sole proprietors with fair credit

Apply now

on Capital One's website

Capital One QuicksilverOne Cash Rewards Credit Card

4.7

NerdWallet rating 
Apply now

on Capital One's website

Annual fee

$39

Rewards rate

1.5%-5%

Cashback

Intro offer

N/A

Recommended Credit Score

Sole proprietors can use a personal card like the Capital One QuicksilverOne Cash Rewards Credit Card to build credit and earn rewards before upgrading to a business card with better perks.

Pros

  • Qualify with average credit

  • High rewards rate

  • No foreign transaction fees

Cons

  • Has annual fee

  • High APR

Read full review
  • Earn unlimited 1.5% cash back on every purchase, every day

  • No rotating categories or limits to how much you can earn, and cash back doesn't expire for the life of the account. It's that simple

  • Be automatically considered for a higher credit line in as little as 6 months

  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges

  • Help strengthen your credit for the future with responsible card use

  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024

  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply

  • Monitor your credit score with CreditWise from Capital One. It's free for everyone

  • Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set

FULL LIST OF EDITORIAL PICKS:

BEST BUSINESS CREDIT CARDS FOR FAIR OR AVERAGE CREDIT

Select the card name to read our review. Before applying, confirm details on the issuer’s website.

Our pick for: Best overall business card for fair credit

The Capital on Tap Card offers 1.5% cash back on all purchases, no annual fee and the potential for a low APR. And while it's available to business owners with fair credit, Capital on Tap Card says applicants with a FICO score of 670 or higher have the best chance of approval. One important note: This card is not available to sole proprietors, which excludes the majority of businesses. Read our review.

Our pick for: Best corporate card for business owners with fair credit

The Ramp Card is a corporate charge card available to incorporated businesses that have strong revenue and at least $75,000 in a business bank account. There's no personal guarantee or credit check. Plus, Ramp offers unlimited cash-back rewards and card-level spending controls with no annual fee. Read our review.

Our pick for: Businesses with professional investors

Unlike most cards designed for entrepreneurs, the Brex Card doesn't require the cardholder to personally guarantee the debt on the card. Instead, Brex determines creditworthiness by evaluating a company's cash balance, spending patterns and investors. It's a good option when a business owner has a thin credit file but is well-capitalized. The card earns rewards, too. Read our review.

Our pick for: Business card for sole proprietors with fair credit

The Capital One® Spark® Classic for Business is one of the few business credit cards available to sole proprietors with fair credit. There aren’t many perks to speak of, but the card has no annual fee and can be a useful tool to build your business credit score. Read our review.

Our pick for: Personal card for sole proprietors with fair credit

Sole proprietors with fair credit lack business card options. But this personal card is a suitable alternative, assuming you don’t need employee cards. The Capital One QuicksilverOne Cash Rewards Credit Card is for people with fair or "average" credit but it pays the same cash-back rate as the regular Quicksilver card, which targets people with excellent credit. The key difference is that this version charges an annual fee while the regular one does not. Read our review.

Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secured credit card

Our pick for: Secured business credit card

The Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secured credit card can help you build your business credit profile while earning 1.5% cash back on all purchases. The card has a minimum security deposit of $1,000, which is equal to your credit limit and subject to credit approval. Bank of America® will periodically review your secured card and may upgrade you to an unsecured card if and when you qualify. This card has no annual fee.

How to choose a business credit card for fair credit

Make sure to consider these factors when comparing business credit cards that cater to owners with fair or average credit.

Eligibility: Your business structure and annual revenue will determine eligibility for many of the business card options for fair credit. Corporate cards like Ramp and Brex, for example, are not available to sole proprietors. 

APR: A lower credit score often translates to a higher interest rate, which can make carrying a balance quite costly. Take care to compare APR ranges for available cards to determine your best option.

Repayment terms: Many of the business cards available to owners with fair credit are charge cards, meaning they don’t let you carry a balance. This can have advantages. For starters, you won’t pay interest. Paying bills on time and in full can build your business credit score. But automatic monthly payments (or daily payments, in the case of Brex) can strain your cash flow if you aren’t diligent about expenses.

Should fair credit business owners consider a personal card?

Sole proprietors with fair credit will have more options if they add personal credit cards into the mix. These cards report to consumer credit bureaus and can be used to build your personal credit score, assuming you practice good credit card hygiene. A higher personal credit score will help you qualify for a better business credit card — with more perks and better bonuses — down the road.

Personal cards aren’t an option for other business entities, though. If you run an LLC, partnership or corporation, you’ll need to build your personal credit separately. Alternatively, there are a few card issuers that report to both business and consumer credit bureaus.

Last updated on January 24, 2023

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