The 4 Best Option New Business Credit Cards With No Credit History - Credit card issuers will look to your personal credit score to determine whether or not you qualify for a business credit card. While small business owners often think that approval for a business credit card depends on their company's credit standing, one's personal credit history is actually far more important.
When you are looking for an option for a small business credit card without credit—you’ll quickly realize that a lack of credit history can seriously get in your way. Even if you do not have any business credit history, your personal credit history can help you access one of the best financing options out there for a new business. While this fact may be frustrating for some established business owners, whose personal credit score is not good, this is good news for new business owners.
Credit cards are one of the very best funding options for new businesses because they rely pretty much entirely on the business owner’s personal credit. Here's what you need to know to navigate your selection for a credit card for a new business without credit history.
1. 0% Intro APR Periods
2. Welcome Bonuses
3. Sustained Rewards
4. Funding for Fair Credit
Here are the top 4 credit card perks for new businesses put into practice:
If you want to optimize the 0% intro APR period on your credit card for new business, then you should consider the Blue Business Plus from American Express.
INTRO APR : 0% on purchases and transfers for 15 months
REGULAR APR : 12.74%–20.74%
ANNUAL FEE : $0
MINIMUM CREDIT : 620+ Good
Along with that lengthy 0% intro APR period, the Blue Business Plus offers the following perks:
2x rewards points for the first $50,000 you spend every year
1x rewards points for all of your spending beyond that cap
No annual fee
This business credit card comes with one of the—if not the–most generous welcome bonuses available on the market.
WELCOME OFFER
80,000 points
after you spend $5,000 in first 3 months
REWARDS RATE
1 or 3 points
for the first $150,000, then 1x points
ANNUAL FEE
$95
MINIMUM CREDIT
660+
Beyond this welcome bonus, The Ink Preferred comes with the following perks:
3x points on the first $150,000 you spend annually within the following categories:
Travel
Shipping purchases
Advertising purchases made with search engines and social media sites
Internet, cable, and phone services
1x rewards after that spending threshold
No foreign transaction fees
Additional employee cards at no cost
This credit card for new businesses with no credit history offers a flat-rate, unlimited 2% cash back for every single dollar you spend on your business with the card.
WELCOME OFFER
$500 cash back
when you spend $4,500 within first 3 months
REWARDS RATE
2% cash back
on every purchase with no caps
ANNUAL FEE
$0
first year, then $95
MINIMUM CREDIT
660+
Excellent
When You search for a source of funding for your new business, but your personal credit leans more on the average side, then the Capital One Spark Classic for Business is your best bet.
WELCOME OFFER :
None
REWARDS RATE :
1% cash back
ANNUAL FEE :
$0
MINIMUM CREDIT :
550+
Average
When you are looking for an option for a small business credit card without credit—you’ll quickly realize that a lack of credit history can seriously get in your way. Even if you do not have any business credit history, your personal credit history can help you access one of the best financing options out there for a new business. While this fact may be frustrating for some established business owners, whose personal credit score is not good, this is good news for new business owners.
Credit cards are one of the very best funding options for new businesses because they rely pretty much entirely on the business owner’s personal credit. Here's what you need to know to navigate your selection for a credit card for a new business without credit history.
What Makes Business Credit Cards Ideal for New Businesses
The top 4 perks that business credit cards can offer your new business:1. 0% Intro APR Periods
2. Welcome Bonuses
3. Sustained Rewards
4. Funding for Fair Credit
Top 4 Credit Cards for New Businesses with No Credit History
Here are the top 4 credit card perks for new businesses put into practice:
1. For the Longest 0% Intro APR: The Blue Business Plus
If you want to optimize the 0% intro APR period on your credit card for new business, then you should consider the Blue Business Plus from American Express.
INTRO APR : 0% on purchases and transfers for 15 months
REGULAR APR : 12.74%–20.74%
ANNUAL FEE : $0
MINIMUM CREDIT : 620+ Good
Along with that lengthy 0% intro APR period, the Blue Business Plus offers the following perks:
2x rewards points for the first $50,000 you spend every year
1x rewards points for all of your spending beyond that cap
No annual fee
2. For the Most Generous Welcome Bonus: The Ink Preferred
This business credit card comes with one of the—if not the–most generous welcome bonuses available on the market.
WELCOME OFFER
80,000 points
after you spend $5,000 in first 3 months
REWARDS RATE
1 or 3 points
for the first $150,000, then 1x points
ANNUAL FEE
$95
MINIMUM CREDIT
660+
Beyond this welcome bonus, The Ink Preferred comes with the following perks:
3x points on the first $150,000 you spend annually within the following categories:
Travel
Shipping purchases
Advertising purchases made with search engines and social media sites
Internet, cable, and phone services
1x rewards after that spending threshold
No foreign transaction fees
Additional employee cards at no cost
3. For Flat-Rate Cash Back Rewards: The Spark Cash
This credit card for new businesses with no credit history offers a flat-rate, unlimited 2% cash back for every single dollar you spend on your business with the card.
WELCOME OFFER
$500 cash back
when you spend $4,500 within first 3 months
REWARDS RATE
2% cash back
on every purchase with no caps
ANNUAL FEE
$0
first year, then $95
MINIMUM CREDIT
660+
Excellent
4. For Fair Credit: The Spark Classic
When You search for a source of funding for your new business, but your personal credit leans more on the average side, then the Capital One Spark Classic for Business is your best bet.
WELCOME OFFER :
None
REWARDS RATE :
1% cash back
ANNUAL FEE :
$0
MINIMUM CREDIT :
550+
Average
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