![]() Other rewards include a 10% point credit when points are redeemed online, and extra bonus points or discounts from participating merchants. Cardholders also stand to earn a maximum of 1,000 bonus points if your total company spend is at least $1,000 in the monthly billing cycle. Meanwhile, the reward program lets you earn 1 point for every $1 spent on net qualifying purchases. Cashback of 1.5% is earned for every $1 spent on net qualifying purchases and will be credited to your account each quarter. ![]() One great benefit of the Wells Fargo Business Secured Credit Card is that it allows you to choose between cash back or rewards points. However, it is important to note that this upgrade is not guaranteed or offered automatically regardless of the length of time your account has been open. After some time of responsible usage, you may be eligible to upgrade to an unsecured business credit card. ![]() Your recent credit history and usage of the credit card will be periodically reviewed. You will be entitled to a $500 to $25,000 credit line depending on the amount of funds you deposit into your account. Once your card application is approved, your cash deposit will be used to fund the credit line. While this helps you build business credit history, it will not help you build personal credit since the information is not reported to consumer credit bureaus.īefore applying for this credit card, you will need to open a Wells Fargo business checking or savings account. The Wells Fargo Business Secured Credit Card reports your payment and usage behavior to the Small Business Financial Exchange. Need a better business credit card or need to build credit faster? The Tillful Card for Business has opened up for early access! Tillful Card is purpose-built for small business owners with the benefits and features you care about most. Without further ado, here are our top picks for business credit cards that don't require good credit. Most of the cards we've included also report to the major credit bureaus, ensuring that you can build business credit as you spend. We’ve done the research and narrowed down the best business credit cards for bad credit. Some credit card issuers give more weight to factors such as revenue, while others offer cards with secured credit lines. How can you qualify for a business credit card with poor business credit? Well, not all credit cards assess eligibility purely based on credit history. If you're a business owner in this tough spot, rest assured that you haven’t reached a dead end. Another group that may have poor business credit are businesses who have encountered misfortune or used credit irresponsibly (in the eyes of credit bureaus and lenders) in the past. Businesses that are just starting out may not have had enough time and opportunity to build business credit history. There are a few reasons why business owners may find themselves with poor business credit. However, it can be a steep hill to climb for businesses with poor credit to achieve an improved credit score. ![]() The right line of credit can go a long way in managing cash flow, helping you through seasonal demand spikes and even to steadily expand your operations. In a catch-22, the best way to build credit and boost creditworthiness is to obtain and responsibly use credit. When you are a small business owner, having poor business credit can hinder you from growing your business. The best business credit cards for poor credit
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