Best Business Card for Bad Credit

Applied Bank® VISA® Business Card
  • No security deposit
  • Credit limit of at least $500
  • Reports balance and payments to 3 major credit bureaus
Learn More
On Card Issuer’s Secure Website
Card attributes
  • Cash Advance APR
    Greater of $10 or 5% of each Cash Advance
  • Variable APR
    23.99%
  • Rewards Rate
    n/a
  • Annual Fee
    See terms
  • Intro APR
    n/a
  • Bonus Offers
    n/a

Great starter card for small business owners who want to separate work-related purchases from personal purchases.

Origination fee significantly reduces the amount of available credit. High fees make this card less-than-ideal for long-term use, so upgrade as soon as you can.

Details

Application Process: Straightforward and simple. An online form requests general info about your name and business, plus asks whether you have a checking account. If you don’t have one, get one - it’s one of the only prereqs for approval.

Most applicants receive an immediate response after submitting the online application.

Bonus Offers: There aren’t any, but that’s the norm for bad credit business credit cards.

Rewards: Multiple reviewers gripe that this card doesn’t offer any rewards. That’s why we recommend this as a starter card for business owners with poor or fair credit. When your credit history improves, you can get a card with perks.

APR: There’s a 23.99% variable APR for this business credit card. It spikes to 29.99% if you miss a due date, so do your best to pay your bill on time.

Fees: There’s no deposit for the Applied Bank VISA Business Card, but you’ve still got plenty of other expenses:

  • $125 account origination fee
  • See terms for annual fee
  • Cash advance fee of $10 or 5% of the total purchase, whichever is higher
  • Late fees, returned payment fees, and over-the-limit fees are all $38
  • 3% foreign transaction fee

An extra card is an additional $30.

Join the conversation: Applied Bank® VISA® Business Card

Never make a dumb purchase again

Our tips in your mailbox: