Navigating the world of business credit with a fair credit score (600-669) can be challenging, but it is not impossible. This guide helps you find the best business credit cards designed for those with fair credit, offering a pathway to better financial health and growth for your business.
Our Top Picks for Business Credit Cards for Fair Credit
UpstartCapital on Tap Business Credit Card
Issuer: WebBank
APR/Rate Range: 17.24%-79.74% Variable
Key Benefit: 1.5% cash back on all purchases with no annual fee.
- High rewards rate with no caps.
- No annual fee and no foreign transaction fees.
- Available to businesses with fair credit (LLCs, Corporations).
Ramp Card
Issuer: Ramp
APR/Rate Range: N/A (Charge Card - paid in full monthly)
Key Benefit: Up to 1.5% cashback, no personal credit check or personal guarantee.
- No annual fee or foreign transaction fees.
- High credit limits (up to 30x traditional cards).
- Extensive spend management tools and integrations.
Capital One QuicksilverOne Cash Rewards Credit Card
Issuer: Capital One
APR/Rate Range: 28.99% Variable
Key Benefit: Unlimited 1.5% cash back on every purchase, good for sole proprietors.
- Earn unlimited 1.5% cash back on every purchase.
- Automatically considered for a higher credit line in as little as 6 months.
- Monitor your credit score with CreditWise from Capital One.
Brex Card
Issuer: Brex
APR/Rate Range: N/A (Charge Card - paid in full monthly)
Key Benefit: No personal guarantee, high credit limits, and strong rewards for startups.
- No personal credit check or security deposit required.
- Credit limits 10-20x higher than traditional small business cards.
- Earn up to 7x points on various business expenses.
BILL Divvy Corporate Card
Issuer: BILL Spend & Expense
APR/Rate Range: N/A (Charge Card - paid in full monthly)
Key Benefit: Robust spend management platform and accessible for sole proprietors.
- No annual fee or foreign transaction fees.
- Credit lines up to $15 million based on revenue and cash balance.
- Unlimited free virtual cards and spend management tools.
Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secured Credit Card
Issuer: Bank of America
APR/Rate Range: Variable (typical for secured cards)
Key Benefit: Build business credit while earning 1.5% cash back on all purchases.
- Helps build business credit profile.
- Earn unlimited 1.5% cash back on all purchases.
- No annual fee.
Business Credit Card Comparison
| Card Name | Issuer | APR Range | Annual Fee | Key Benefit |
|---|---|---|---|---|
| Capital on Tap Business Credit Card | WebBank | 17.24%-79.74% Variable | $0 | 1.5% cash back |
| Ramp Card | Ramp | N/A (Charge Card) | $0 | Up to 1.5% cashback, no personal credit check |
| Capital One QuicksilverOne Cash Rewards Credit Card | Capital One | 28.99% Variable | $39 | Unlimited 1.5% cash back |
| Brex Card | Brex | N/A (Charge Card) | $0 | No personal guarantee, high limits |
| BILL Divvy Corporate Card | BILL Spend & Expense | N/A (Charge Card) | $0 | Spend management platform |
| Bank of America® Business Advantage Unlimited Cash Rewards Mastercard® Secured Credit Card | Bank of America | Variable | $0 | Builds business credit, 1.5% cash back |
How to Choose the Best Business Credit Card for Fair Credit
- Understand Your Credit Score: Before applying, check your personal FICO score. A fair score typically ranges from 600-669. Knowing your score helps you target cards you're more likely to qualify for.
- Consider Your Business Structure: Some corporate cards like Ramp and Brex are not available to sole proprietors. Ensure the card you choose aligns with your business entity type.
- Compare APRs and Fees: Cards for fair credit often come with higher APRs. Compare interest rates and annual fees to find a card that offers the best value and minimizes costs if you carry a balance.
- Look for Credit-Building Features: If your primary goal is to improve your business credit, look for cards that report to business credit bureaus or offer a pathway to an unsecured card, like secured options.
Frequently Asked Questions
Can I get a business card with a 625 score?
Business owners with scores below 630 may find it challenging to qualify for standard business cards. Secured cards are a good alternative to build both personal and business credit.
Can I get a business credit card with a 650 credit score?
Yes, several options are available for those with a 650 credit score, including cards like Capital One Spark Classic, or corporate cards like Ramp or Brex if you have strong business revenue.
What is a fair credit score range for business credit cards?
A fair credit score typically falls between 600 and 669. While options may be more limited than for excellent credit, there are still viable choices for business owners in this range.
Do business credit cards for fair credit offer rewards?
Many business credit cards for fair credit do offer rewards, such as cash back or points. The rewards rates might be lower than premium cards, but they still provide value.
Are secured business credit cards a good option for fair credit?
Secured business credit cards can be an excellent option for building business credit, especially for those with fair or limited credit history. They require a security deposit but can help improve your credit profile over time.