China Finance

Feb 26 2018

No Credit Business Credit Cards

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No Credit Business Credit Cards

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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.

Approval Odds are WalletHub estimates intended to gauge your likelihood of approval for a particular product. Approval Odds are based on WalletHub data and are not provided or endorsed by the lender. Approval Odds are not meant to imply or guarantee that you will be approved by the lender or that credit will be extended.

Ad Disclosure. Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation “Sponsored”, where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

While small business owners often think that approval for a business credit card depends on their company’s credit standing, one’s personal credit history is actually far more important. A business credit card for no credit is therefore intended for a small business owner with limited or no credit history and is fundamentally different from business credit cards for new businesses. which are available to people with credit ranging from bad to excellent. Check out the credit offers below (some of which are issued by WalletHub partners) to find the card that best suits your needs. Small business owners are considered to have limited or no credit if they’ve owned their own credit card or loan for less than three years. If that describes you, we recommend getting a secured business credit card because it will allow you to cost-effectively build credit and will provide the spending power your business needs. By adding to your refundable security deposit over time, your credit limit will increase proportionately – usually up to $10,000 per card. show more show less

No Credit or Limited History

  • Credit lines available from $200 to $5,000! Super Low Fixed 9.99% interest rate on purchases – with no penalty rate!
  • No minimum credit score requirements! We invite all credit types to apply! No processing or application fees!
  • Perfect card for establishing or re-establishing credit. Reports monthly to all three national credit bureaus
  • Fast, easy application process. Choose your credit line and open your Personal Savings Deposit Account to secure your line
  • See additional primor® Secured Visa Gold Card details
  • See More Details Reviews About Theprimor® Secured Visa Gold Card

OpenSky® Secured Visa® Credit Card

Secured Credit Card

Min Deposit of $200

  • Build Your Credit fast with our monthly reporting to all 3 major credit bureaus.
  • Choose your credit line as low as $200 up to $3000, secured by a fully‐refundable* security deposit.
  • Security deposit needs to be submitted before the credit card can be issued.
  • No credit check necessary and no checking account required; apply in less than 5 minutes.
  • Extra credit when you need it, increase your credit line up to $5000.
  • Access to online financial education.
  • *View our Cardholder Agreement located at the bottom of the application page for details of the card.
  • See More Details Reviews About TheOpenSky® Secured Visa® Credit Card

First Progress Platinum Select MasterCard® Secured Credit Card

Secured Credit Card

Min Deposit of $200

  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application
  • Full-Feature Platinum MasterCard® Secured Credit Card
  • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 — $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • *See Card Terms.
  • See More Details Reviews About TheFirst Progress Platinum Select MasterCard® Secured Credit Card

First Progress Platinum Prestige MasterCard® Secured Credit Card

Secured Credit Card

Min Deposit of $200

  • No credit history or minimum credit score required for approval.
  • Monthly reporting to all 3 major credit bureaus to help build credit.
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 — $2,000 Submitted with Application
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • *See Card Terms.
  • See More Details Reviews About TheFirst Progress Platinum Prestige MasterCard® Secured Credit Card

Popular Questions

What are the best credit cards for a small business with no credit?

By: John Kiernan, Credit Card Editor Most business credit cards require good or excellent credit for approval. That means small business owners with no credit who are in search of the best deal should consider general-consumer cards, too. Doing so will not increase your personal liability; it will simply expand your selection of offers to choose from and thus help you minimize the cost of credit building. Keep that in mind as you consider our editors picks.

2017 s Best Business Credit Cards For No Credit

Finally, it s important to note that the credit-building process is the same whether you re a small business owner or a normal consumer. You need to fill your personal credit reports with positive information to build a track record of financial responsibility. You can find tips and tricks for how to do so in our guide on building credit. You can also track your progress and get grades for each component of your credit score on WalletHub.

What is the purpose of a business credit card?

By: John Kiernan, Personal Finance Editor

The purpose of a business credit card depends on the company using it. Business credit cards are best known for lucrative rewards in popular business spending categories as well as for helpful expense-tracking tools. Some entrepreneurs also use credit cards to finance company expenses, but it s better to use a personal credit card than a business credit card for that.

Thanks to an imbalance in user protections, credit card companies can jack up the rates on existing business credit card balances at any time, whereas a personal account must be at least 60 days delinquent. Plus, using a personal credit card for business will not increase your liability, as even business credit card users are personally liable for unpaid balances.

You can learn more about business credit cards and how to use them most effectively from WalletHub’s business and corporate credit card guide .

Community Discussion

We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.

Approval Odds are WalletHub estimates intended to gauge your likelihood of approval for a particular product. Approval Odds are based on WalletHub data and are not provided or endorsed by the lender. Approval Odds are not meant to imply or guarantee that you will be approved by the lender or that credit will be extended.

Ad Disclosure. Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation “Sponsored”, where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.


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