If you’re looking for a Business Credit Cards with No Credit Check, you’re in luck. We’ve compiled a list of the best business credit cards that don’t require a credit check. So whether you’re a new business just starting out, or you have a less-than-stellar credit history, there’s sure to be an option for you on this list.
But before we get into the list, let’s first answer some common questions about business credit cards with no credit check.
Table of Content
- What is a business credit card with no credit check?
- What are the benefits of business credit cards?
- Do all business credit cards require a personal guarantee?
- How can I get a business credit card with no credit check?
- What are the best business credit cards with no credit check?
- Conclusion
What is a business credit card with no credit check?
A business credit card with no credit check is a type of credit card designed specifically for entrepreneurs and small business owners. Unlike traditional credit cards, which typically require a good credit history for approval, these types of cards can be obtained even if you don’t have a long credit history or a high credit score.
This makes them ideal for novice business owners who may not yet have established financial credibility in the eyes of lenders.
Additionally, some business credit cards with no credit check offer special perks and rewards, such as cash back on purchases, travel benefits, and discounts on services.
Overall, they are an excellent option for small businesses looking to make the most of their spending power without sacrificing convenience or savings.
What are the benefits of business credit cards?
As a business owner, you know that every little bit helps when it comes to getting ahead. That’s why you might want to consider using a business credit card. Although business credit cards come with a few potential pitfalls, they also offer some definite advantages.
Perhaps the most obvious benefit of a business credit card is that it can help you keep your personal and business expenses separate. This can make it easier to track your spending and stay organized come tax time.
Additionally, many business credit cards offer rewards programs that allow you to earn points for every purchase you make. These points can be redeemed for travel, merchandise, or cash back, which can help offset the cost of doing business.
Finally, a business credit card can provide a much-needed financial cushion in the event of an emergency.
If you suddenly need to make a large purchase or pay for unexpected repairs, having access to a line of credit can be a lifesaver. When used responsibly, a business credit card can be an invaluable tool for any small business owner.
Do all business credit cards require a personal guarantee?
There are a variety of business credit cards available, and not all of them require a personal guarantee. Guaranteed approval small business credit cards are available from some issuers, and these cards typically do not require a personal guarantee.
However, there are some caveats to consider with guaranteed approval cards. First, these cards usually have lower credit limits than other business credit cards. Second, the interest rates on guaranteed approval cards are often higher than rates on other types of business credit cards. Finally, guaranteed approval cards may come with other fees, such as annual fees, that other business credit cards do not charge.
Before applying for a business credit card, be sure to read the terms and conditions carefully to understand the requirements for approval.
How to get a business credit card with no credit check?
Whether you are just starting out in business or looking to expand your venture, having credit can be an essential tool. For many startups, securing credit can present a major challenge, as credit bureaus typically evaluate credit history and scores based on personal credit.
However, there are a number of options available for entrepreneurs without credit history.
One option is to open a business credit card while leveraging your personal credit score. Many credit card issuers prioritize personal credit over business credit and will give you access to perks like cash-back rewards, travel perks, or a long intro APR period.
In addition, there are some secured cards that require no credit check and simply require an upfront deposit that determines your credit limit. With the right approach and planning, you can build up your credit score and get the financing you need to succeed in business.
The 8 Best credit cards for new businesses with no credit history
Here are our picks for the best business credit cards with no credit check but you should have Good to Excellent Personal Credit if you go this route:
#1. Chase Ink Business Unlimited : Best for cashback on business Expenses.
As a new business owner, finding the right credit card can be challenging. You want to get the credit you need to grow your business, while also taking advantage of great perks and rewards.
One credit card that stands out from the crowd is the Chase Ink Business Unlimited credit card. With no annual fee and an intro APR period, this card is perfect for businesses with no credit history looking to get started on the right foot.
Plus, there’s no limit to the amount of cashback you can earn, and you’ll get a $750 cashback bonus after you spend $7500 in the first three months.
The downside is that there are no bonus categories and foreign transactions come with a fee. Apart from this, you also need to have 690-850 (Good – Excellent) personal credit to apply.
But if you’re looking for a credit card to help you build your business, the Chase Ink Business Unlimited is a great option.
Hera are the features that make this business credit card great for those with no credit:
- No annual fee
- Intro APR period
- No limit to cashback rewards
- Generous signup bonus
#2. Ink Business Preferred® Credit Card
If you are looking for a credit card that offers high rewards for your business, look no further than the Ink Business Preferred credit card.
With this card, you can earn 100k bonus points after spending $15,000 in the first 3 months from account opening, which is equivalent to $1,000 in cash back or $1,250 towards travel when redeemed through Chase Ultimate Rewards.
In addition, you can earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year.
This makes it one of the best credit cards for new businesses with no credit history. Other perks like employee cards at no additional cost and no foreign transaction fees make it a truly valuable credit card option.
Here are the features that make this business credit card great:
- No annual fee
- 100k bonus points after meeting spending requirements
- Generous rewards rate
- Employee cards at no additional cost
- No foreign transaction fees
Applying for a business credit card with no credit can be a great way to get the financing you need to grow your business. With the right card, you can take advantage of great rewards, a long intro APR period, and no annual fee.
However, there are few downfalls to consider. Has a very high annual fee and have Very high cash advance fee.
The Ink Business Preferred credit card is our top pick for business credit cards with no credit check.
#3. American Express Blue Business Cash Card: Best for cashback & Intro APR
The American Express Blue Business Cash Card is a great credit option for new businesses with no credit history. This card offers a 0% intro APR on purchases for 12 months, as well as 2% cash back on all eligible purchases up to $50,000 per calendar year.
In addition, there are great extra benefits like purchase protection and car rental insurance. Plus, the business-oriented benefits like employee cards and authorized management accounts make this card a great choice for businesses of all sizes.
While the highest-earning cash back reward is capped after $50,000 in annual spending, and there is no low introductory APR for balance transfers, the overall value of this credit card makes it a great option for businesses looking to build their credit history.
Here are the features that make this business credit card great:
- 0% intro APR on purchases for 12 months
- Unlimited cash back rewards
- No foreign transaction fees
- No Annual fees
Read More: Best Store credit card for bad credit
#4. Capital One Spark Miles for Business: Best Travel Rewards for businessmen.
For business owners just starting out, credit cards can be a helpful way to manage expenses and build credit.
However, it can be difficult to qualify for traditional business credit cards with no credit history. The Capital One® Spark® Miles for Business is a great option for new businesses because it has no annual fee and offers a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months.
In addition, you’ll earn unlimited 2X miles per dollar on every purchase, everywhere, and your miles won’t expire for the life of the account. With the Capital One® Spark® Miles for Business, you can also fly through security with one statement credit for either the $85 TSA PreCheck® application fee or the $100 Global Entry application fee.
However, there are some downsides to this card that business owners should be aware of before signing up.
First, there is an annual fee of $95. Additionally, there is no intro APR period, so business owners will need to be prepared to pay interest on their balance from the start.
The APR is also relatively high, at 18.74%. However, for business owners who are able to pay off their balance in full each month, the rewards can outweigh the drawbacks.
Overall, the Capital One Spark Miles for Business is a great option for business owners who are looking for a travel rewards credit card.
Here are the features that make this business credit card great:
- One-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4500 on purchases within the first three months
- Unlimited two miles per dollar on every purchase
- No foreign transaction fees
- TSA PreCheck® or Global Entry application fee credit
#5. Brex Card : Business Credit card with no personal credit check
The Brex Card is the perfect credit card for businesses of all sizes. With no personal credit check required, it’s easy to get approved for this card.
You’ll also enjoy a 50,000 signup bonus points after spending $9,000+ in the first 30 days, making it easy to earn rewards quickly. Additionally, the Brex Card comes with 10-20x higher limits than traditional business credit cards, so you can make larger purchases without having to worry about your credit limit.
Plus, there are no interest charges or account fees associated with this card, making it a truly cost-effective choice for businesses. And because you can issue unlimited virtual cards to your team, it’s easy to keep track of employee spending.
Here are the features that make this business credit card great:
- No personal credit check required
- 50,000 signup bonus points after spending $90+ in the first 30 days
- No interest charges or account fees
- Unlimited virtual cards for easy employee spending tracking
Read More:Citi Secured MasterCard 2022 Review
#6.Chime Credit Builder Visa Credit Card: No security deposit required for this credit card (personal).
The Chime Credit Builder Visa® Credit Card is a great option for those looking to build their credit. One of the best features of this card is that there are no interest charges.
This means that you can focus on paying off your balance without accruing additional debt.
Additionally, there is no annual fee or foreign transaction fee. This makes the card very affordable to use. Another great feature is that there is no minimum security deposit required. This makes it easier to get started with using the card.
Finally, turning on Safer Credit Building means that your balance will be automatically paid on time, every month. This will help to keep your credit score high.
However, there are some drawbacks to using this card. For example, you need a direct deposit account with Chime in order to use the card. Additionally, you can only get a credit limit equal to your deposit. This means that you may not be able to spend as much as you would like with the card.
Overall, the Chime Credit Builder Visa® Credit Card is a great option for those looking to build their credit score. It has many features that make it ideal for credit building, but there are also some drawbacks that should be considered before signing up for the card.
Here are the features that make this business credit card great:
- No interest charges
- No annual fee or foreign transaction fee
- No minimum security deposit required
- Safer Credit Building means your balance will be automatically paid on time, every month.
#7. Wells Fargo Business Secured Credit Card
For business owners who are looking for a guaranteed approval small business credit card, the Wells Fargo Business Secured Credit Card is a great option.
This card offers both a cash back and rewards points program, making it a flexible choice for business owners.
Additionally, there is no annual fee for the rewards program, and the credit line ranges from $500 to $25,000. The card also offers zero liability protection and no foreign transaction fee, making it a safer choice for businesses that travel frequently.
Finally, the chip technology makes it a more secure option for businesses that handle sensitive data. Overall, the Wells Fargo Business Secured Credit Card is a great option for business owners who are looking for guaranteed approval and a flexible rewards program.
However, it’s important to note that the $25,000 limit across all Wells Fargo cards may be too low for some businesses, and the high cash advance and transfer fees can add up quickly.
Here are the features that make this business credit card great:
- Cash back and rewards points program
- No annual fee for the rewards program
- Credit line ranges from $500 to $25,000
- Zero liability protection and no foreign transaction fee
- Chip technology makes it a more secure option
#8. Discover it Secured Credit Card
For people with bad credit, getting a business credit card can be a great way to improve your credit score. However, it’s important to choose the right card for your needs. The Discover it Secured Credit Card is a great option for people with bad credit because it offers cash back rewards, a low annual fee, and no foreign transaction fees.
However, there are some things to keep in mind with this card. First, the cash back rewards are capped at $1,000 per quarter. Second, you’ll need to make a refundable security deposit of at least $200.
And finally, secured cards don’t provide many of the perks that unsecured cards do, such as free travel insurance or extended warranty coverage. Overall, the Discover it Secured Credit Card is a great option for people with bad credit who are looking for a business credit card.
Here are the features that make this business credit card great:
- Cash back rewards
- Low annual fee
- No foreign transaction fees
- 2% cash back at Gas Stations and Restaurants on up to $1,000
- 1% cash back on all other purchases
Conclusion
In Conlusion, these are the Best Startup Business Credit Cards with no credit check. Each card has its own unique benefits that make it a great option for businesses. It’s important to compare the features of each card before choosing one for your business. Whichever card you choose, make sure it fits your business needs and helps you grow your credit score.
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FAQ
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u003cstrongu003eCan I use business credit cards for personal purchases?u003c/strongu003e
The short answer is yes, you can. In fact, many businesses do so every day. This often happens when a company has multiple locations and needs to pay employees who are located at different stores. With a business credit card, they can transfer funds from one location to another without having to request reimbursement via check or cash.u003cbru003eu003cbru003eYou need to look into how this feature works in your specific situation as some banks will ask you for a copy of your employee’s ID at the time of purchase while others don’t even make that request.u003cbru003eu003cbru003eAdditionally, it might be difficult if not impossible for an employee with no line of credit in their name to get approved by their employer since they’d have nothing on which to base an application. If an employer does want access to corporate card spending but doesn’t want them using personal funds then the option would lie within debit cards with zero liability protection (which means that if something goes wrong on the debit card there is no recourse).u003cbru003eu003cbru003eBut again, this isn’t common practice and most employers are happy with paying employees out-of-pocket rather than rolling money over from one payment system onto another.
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u003cstrongu003eWhat is a small business credit card?u003c/strongu003e
A small business credit card used for making purchases from the company’s own account. This can have benefits such as zero percent interest on balances and rewards points, making it an ideal choice for a start-up to be able to grow without the burden of high finance costs.
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u003cstrongu003eWhat are the benefits of business credit cards ?u003c/strongu003e
Business credit cards offer benefits to you and your company, such as perks like travel insurance or extended warranties. You can also use them to secure financing from banks and other lenders. Before applying for any type of card, call your bank advisor for advice on which options will work best for you and your organization.
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u003cstrongu003eIf I don’t want a credit card, what other type of business financing is there that doesn’t require a credit check?u003c/strongu003eu003cbru003e
There are two main types of business financing that do not require your personal credit history. One is the factoring process, where you sell goods and services for money upfront in order to buy inventory. Once the inventory has been sold, you can use the cash or liquidated amount to purchase goods and services on your own account. u003cbru003eu003cbru003eThe other option is merchant processing cards, which bank directly with retailers to get discounts on their purchases without having to obtain a merchant account or have any direct liability if someone steals from your store while using this service.u003cbru003e
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u003cstrongu003eWhat is the APR on a business credit card?u003c/strongu003e
The annual percentage rate (APR) for a typical business credit card can range from somewhere between 20%-25%. In general, cards with higher interest rates will be offered to people in high-risk categories such as young college students and those who have poor or no credit history.
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u003cstrongu003eWhat are the benefits of credit card processing for small business owners?u003c/strongu003e
Credit Card Processing is an easy and affordable way to take payments, process orders and track sales. It’s also an effective marketing tool that can help you create a loyal customer base.
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u003cstrongu003eWhat are the benefits of credit cards for new businesses with no credit history?u003c/strongu003eu003cbru003e
Credit cards for new businesses with no credit history can be a tremendous asset to small business owners. This is especially true if you’re starting out and don’t have any established credit, or if you just have poor or nonexistent credit.If you do have bad or nonexistent credit, it’s important that you apply for a secured loan before applying for your first unsecured card. Doing this will help establish your credibility and can help prevent denial of an otherwise good application.u003cbru003eu003cbru003eOnce your application is approved, the next step would be to get the money together in order to pay off old debt so that you aren’t left vulnerable when applying for more loans down the road. Paying off old debt often means paying late fees and other penalties along with interest charges, but it’s an important part of establishing good finances while also building up positive equity in your business.u003cbru003e
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u003cstrongu003eWhat is the best credit card for a new business with no credit history ?u003c/strongu003e
New businesses without a track record of paying their bills usually have limited access to traditional funding options including bank financing. If you’re looking to start your own company, it can be difficult to get an initial cash injection. Fortunately, there are several alternatives that provide funding while taking less risk than traditional loans and more flexibility than personal guarantees.u003cbru003eu003cbru003eOne option is a business credit card with no personal guarantee. This type of card is perfect for entrepreneurs who are starting out and have less-than-perfect credit scores. The best part about these cards is that they report your payments to the business credit reporting agencies, which can help you build positive business credit.u003cbru003e
About Author
- As a personal finance and credit cards expert, I provide valuable insights and advice on budgeting, saving, investing, and debt management. I am also an expert on credit card rewards programs and help readers make informed decisions about which cards are right for them. My goal is to help people improve their financial literacy and make better financial choices.
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