Running a business may not be an easy task. However, a business credit card can be a useful tool for business owners and entrepreneurs. We understand credit scores play an important factor in credit card approval, so we have rounded up the best business credit cards for subprime credit.
Our picks include business credit cards that can work for the smallest of businesses to even larger ones. From credit card rewards to accounting software, check out what more is offered by these subprime business credit cards.
The Best Subprime Business Credit Cards
Here are our top picks for subprime business credit cards:
Revenued Business Card Visa®
Revenued Business Card Visa®
Revenued Business Card Visa®
- See Terms* Regular Purchase APR
At a Glance
The Revenued Business Card Visa® combines the benefits of a business card with a Flex Line of capital. This combination means there are no hard credit checks to apply, with Flex Lines available in as little as 24 hours, with no hidden fees or annual fees.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Receive $500 in cash back after spending $5,000 on your card in the first 3 months
- Earn 3% cash back on every purchase
- Apply and get a funding decision in as little as an hour
- No monthly or annual fees while you use your card or Flex Line
- Approvals are based on revenue, not your credit score
- No fees or hard credit checks to apply
- Regular Purchase APR: See Terms*
- Foreign Transaction Fee: See Terms
- You have a business with at least $10,000 or more in monthly deposits
- You don’t want to use your personal cards for their business
- You want to earn rewards on your business spending
- You don’t want to pay any annual fees or draw fees
A subprime credit score does not get in the way of approval for the Revenued Business Card Visa®, because approval is based on revenue, and not your credit score. Hence why the card has made its way to the top of our list for the best subprime business credit card. Applicants should have a business with at least $10,000 in monthly deposits to be considered for card approval.
It also serves as both a business credit card and a Flex Line combined. In other words, when a credit card is not the best choice for your business purchase, you can instead opt to use the Flex Line and take out cash if needed. The application process is also quick and easy. Best of all you don’t have to wait long to know if you’re approved. You will receive a decision in as little as one hour and then you will gain access to the fund within a day.
Let’s not forget, the Revenued Business Card Visa® is also a rewards credit card so every purchase you make will earn 3% cash back in return. A reward for every purchase. In addition, the card currently has a $500 cash back rewards welcome offer after reaching the required spending amount.
Ramp Card
Ramp Card
Ramp Card
- See Terms Regular Purchase APR
At a Glance
The Ramp Card is a corporate charge card that provides businesses far more than just purchasing power and cash back rewards. Companies enjoy access to up to 20X more capital, extended payment terms, and unparalleled software integrations to streamline finances – all for no annual fee.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn unlimited 1.5% cash back on every purchase
- No fees – including foreign transaction, setup, or replacement fees
- Use to shop at any retailer worldwide that accepts Visa cards
- Add virtual cards to your Apple Wallet or Google Pay
- Block or restrict spending to a specific vendor – for either a specific card or your entire company
- Regular Purchase APR: See Terms
- You struggle with expense reports, reimbursements, and receipts
- You want a charge card without interest rates or fees
- You want a corporate card that offers enforceable employee spending limits
- You plan to issue multiple employee cards
- You have at least $75,000 in your primary business bank account
- You spend at least $10,000 per month on your cards
If you’re looking for credit limits and no hidden fees, then look no further than the Ramp Card. It is a business card with a finance automation platform designed to save time and money. The Ramp Card stands out because it provides up to 20X the capital of a standard business credit card.
Like the Revenued Business Card Visa®, there is also no personal credit check, which makes it an ideal business credit card for anyone with subprime credit. In addition, the Ramp Visa Card earns unlimited 1.5% cash back on all eligible purchases which are easily redeemable on the Ramp interface. In conjunction with cash back rewards, you will be pleased to know the Ramp Visa Card has no hidden fees. This includes no annual fee, no foreign transaction fee, and no interest on purchases.
Business Advantage Unlimited Cash Rewards Secured Credit Card
Business Advantage Unlimited Cash Rewards Secured Credit Card
Business Advantage Unlimited Cash Rewards Secured Credit Card
- 28.49% variable based on the Prime Rate Regular Purchase APR
- 28.49% variable based on the Prime Rate Balance Transfer APR
- 29.49% variable based on the Prime Rate Cash Advance APR
At a Glance
The Business Advantage Unlimited Cash Rewards Secured Credit Card provides businesses with a credit lifeline for no annual fee. The card, which requires a $1,000 minimum security deposit, earns unlimited 1.5% cash back, with even more rewards through Bank of America Preferred Rewards for Business.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- Earn unlimited 1.5% cash back rewards while establishing your business credit
- Flexible redemption options
- Seamless transition from secured credit to unsecured with financial responsibility
- Regular Purchase APR: 28.49% variable based on the Prime Rate
- Balance Transfer APR: 28.49% variable based on the Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 4% of the amount of each transaction, whichever is greater
- Cash Advance APR: 29.49% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 4% of the amount of each transaction, whichever is greater
- Foreign Transaction Fee: 3% of the U.S. dollar amount of each transactio
- Late Payment Penalty Fee: Up to $49
- Minimum Deposit Required: $1,000
- You own a business but don’t want to impact your personal credit score
- You want a versatile cash back rewards card
- You have an existing BoA relationship and Preferred Rewards account
- You don’t want to pay an annual fee
The Business Advantage Unlimited Cash Rewards Secured Credit Card is worth the mention as it works for business owners who may not have the best credit. It’s a secured credit card which means it requires a security deposit, in this case, that is a minimum of $1,000. If you already have an existing Bank of America relationship, then you may qualify for the secured credit card.
Although it is a simple secured credit card, it has the potential to earn rewards. The card earns unlimited 1.5% cash back on all purchases. Earn even more cash back if you become eligible for the Bank of America Preferred Rewards for Business account. Rewards are redeemable as statement credits or bank deposits. Like the BILL Divvy Corporate Card, with responsible use of this secured business credit card, there is space to graduate to the unsecured version
Related Article: The Best Balance Transfer Credit Cards of 2022
Featured photo by southworks/Canva
