If you are a startup business, you should know that startup business credit cards with no credit provide a great chance to establish your business. Basically, credit cards for new businesses with no credit history help them build credit while financing their business expenses. So, if you have recently started your business, I suggest you keep reading and learn more about these types of startup business credit cards you can use with no credit. Also, here you can read about some important details like how to get startup business credit cards bad credit.
Are there any startup business credit cards with no credit?
Fortunately, the answer is yes. Everybody knows that preparing the right amount of startup capital is one of the major issues all startup businesses might face. The good news is that these days, some top banks offer startup business credit cards with no credit to solve this problem. Also, I have to add that most of these credit cards for new businesses with no credit history have low-interest rates and even sometimes no annual fee.
6 Best startup business credit cards with no credit 2022
Now that you know it is possible to get startup business credit cards with no credit, I want to introduce a list of the best 6 credit cards for new businesses with no credit history. Read the least and choose the best one based on your preferences.
Chase Ink Business Preferred
Many startup businesses like to choose Chase Ink Business Preferred because of the incredible welcome bonus and grand rewards rates it offers in several types. For example, if you spend $15,000 on purchases, you will earn 100,000 sign-up bonus points.
- Sign up bonus
- Earning points through business uses
- Without any foreign transaction fee
- High annual fee and APR
- Without any intro APR offer
OpenSky® Secured Visa:
If you are looking for the easiest way of getting startup business credit cards with no credit, OpenSky® Secured Visa is the best option. In this way, you do not need a bank account to qualify, and you will not undergo credit checks.
- Monthly reports to all three major credit bureaus
- You can improve your FICO score to more than 30 points by making on-time payments, just in 3 months.
- No credit check is needed.
- Annual and foreign transaction fee
- No perks or reward
Blue Business Plus Credit Card from American Express:
If you have great credit and are looking for the best startup business credit card, you can try AmEx’s Blue Business Plus card and benefit from its high flat-rate rewards for your small business. Also, if you have previously had an AmEx card, you can use this chance to earn higher rewards.
- 0% intro APR for the first year
- You should not pay any annual fee
- You can extend your credit limit
- Needed good credit
- There are limitations of spending bonus rewards
- Foreign transaction fee
American Express Blue Business Cash™ Card:
Another strong option among the best credit cards for new businesses with no credit history is American Express Blue Business Cash™ Card. This is another type of AmEx’s Express Blue Business card, which provides more flexibility in your buying power.
- The rewards system is simple.
- Rewards are applied automatically.
- You can expand your buying power feature.
- There is no annual fee.
- You should have good and even sometimes excellent credit.
- Signup bonuses are not high
- You are limited to an annual spending cap
The Spark Cash Plus:
This item can be a great choice if you have many business expenses because you can earn high cash-back rewards and spend them with no limitation cap. Also, these startup business credit cards with no credit help you keep track of your expenses as it offers itemized year-end spending reports.
- There is no limit on spending bonus
- No APR
- No foreign transaction fee
- You can use rewards for all purchases
- You need a high credit score to get this card.
- Late payment fee
- High annual fee
Chase Ink Business Unlimited®:
If you want to choose among the best credit cards for new businesses with no credit history to grow your business rather than earning rewards, Chase Ink Business Unlimited® is the best. Another great point that puts this card among the best ones is that it allows you to have additional employee cards at no additional cost.
- Zero percent intro APR
- Without any annual fee
- High welcome bonus
- Simple scoring systems
- No bonus for business classifications
- High foreign transaction fees
Features to look for when choosing startup business credit cards with no credit
Now that you know some of the best startup business credit cards with no credit, I want to go deeper and talk about the main features that great credit cards for new businesses with no credit history should have. If you did not find your favorite startup business credit card with no credit among the above items and want to search more, read the below list first. And make sure that you consider them when you want to choose the most suitable credit card for your startup business.
- The best startup business credit cards with no credit have smart spending controls:
Look for startup business credit cards with no credit with smart spend controls, such as custom spend limits, locking payments to vendors, single-click payment cancellations, customized approval flows, and designated travel policies.
- A great credit card for new businesses with no credit history provides a real-time reporting feature:
Another important point you should consider to choose the best credit card for your startup business is the real-time reporting feature. For example, those that send instant notifications for every payment made.
- Choose your favorite startup business credit card with no credit based on your preferred fees:
Also, you should compare the fees of different popular startup credit cards because they are different in various terms, such as foreign transactions and annual fees. And as your business is a startup, you might prefer to choose your credit card among those with lower fees.
Why your business needs a startup business credit cards with no credit
If you are a new business and have no credit, you should look for credit cards for new businesses with no credit history to gain creditworthiness while you are managing your business expenses.
Can you get business credit with bad credit?
While poor credit is unpleasant, the answer is yes. There are ways you can use to get startup business credit cards bad credit, such as offering collateral or adding a co-signer.
How fast can you build business credit?
Based on general reports, while you need about three years or more to build business credit, sometimes it might happen only in one year.
If you are a new business owner and worry about your lack of credit, you should know that these days there are different banks that offer startup business credit cards with no credit, such as American Express Blue Business Cash™ Card, Chase Ink Business Unlimited®, OpenSky® Secured Visa® Credit Card and more. To learn about the details of these cards and find out more options, read the whole above text. Here, I want to add that also, there are ways you can use to get startup business credit cards bad credit.