Compare business credit cards for fair credit

You may have had little luck getting a business card if you have fair credit. However, that doesn’t mean you’re out of options. Check out our recommendation for the best fair-credit business card, and consider other types of business funding.

Best business credit card for fair credit

It’s not easy getting a business card with fair credit. However, you’re not out of luck. Capital One offers a good option, and you might consider alternative funding.

Best business credit card for fair credit: Capital One® Spark® Classic for Business

Capital One® Spark® Classic for Business

• No annual fee
• Earn 1% cash back on all purchases
• Fraud coverage if your card is lost or stolen
• No foreign transaction fees
• Employee cards at no extra cost
• Small business customer service access

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Providers prefer customers with good to excellent credit scores. That said, you may have difficulty getting a business card if your credit is average.

The Capital One® Spark® Classic for Business might offer an opportunity. It’s the rare business card that’s specifically aimed at business owners with average credit. And it comes with the added bonus of cashback rewards.

• The perks

  • Apply with average credit.

    Capital One specifically targets this card to business owners with average credit.

  • No annual fee.

    You can start making purchases and building your business credit at no initial cost.

  • Rewards.

    Earn 1% cash back on all purchases, with no minimum to redeem.

• What to watch out for

  • High APR.

    Your purchase APR will be 24.74% variable — a high rate considering the average credit card APR is around 16%.

What to do if the Capital One® Spark® Classic for Business isn’t an option

If you’re not approved for the Capital One® Spark® Classic for Business, you may want to raise your personal credit score before applying for another business card.

One of the best ways to do this is by getting a secured credit card. Because it requires an upfront security deposit, more providers are willing to approve those with less than perfect credit. By keeping balances low and consistently making on-time payments, you can steadily improve your credit. With your credit score boosted, you’ll likely have more success when applying for a business card.

If you need immediate funding, consider a small business loan. There will likely be business-specific requirements to get one, but some providers won’t disqualify you because of your personal credit.
Compare business cards for bad credit

How to determine if a business credit card for fair credit is right for you

• Credit limit. Some business owners have reported getting low credit limits for fair-credit business cards. Providers try to limit their risk, and setting low limits is one way they do so. Anticipate how much your business might spend in the near future and consider whether a business card will help you with all of your expenses.
• Annual fee. When finances are tight, you might not want to pay an annual fee. Consider how much a card costs before applying.
• APR. Fair-credit business cards often have very high interest rates because providers want to make sure they’re getting a return on their risk. Check a card’s APR before making a balance transfer or maintaining balances long term.
• Other options. Don’t settle on a fair-credit business card just because you think there are no other options. Research other avenues of funding before applying.

Compare business cards for fair credit

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Name	Product	Filter values	Rewards	Purchase APR	Annual fee
Capital One® Spark® Classic for Business			1% cash back on all purchases	24.74% variable	$0	See offer View details	Get the credit you want for your business and unlimited 1% cash back on every purchase, every day.	Compare	loading Fetching your data...
Universal Premium Mastercard®			3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network	29.24% variable	Up to $120	Apply now View details	Earn 3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network.	Compare	loading Fetching your data...
ARCO Business Solutions Mastercard				19.99% to 28.99% variable	Up to $180	Apply now View details	This card offers spending flexibility, the freedom to use the cards wherever you need, detailed cost analysis, individual card control, and incremental rebates that deliver more for your fleet management system.	Compare	loading Fetching your data...
BP Business Solutions Mastercard®			Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month	28.99% variable	Up to $120	Apply now View details	Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month.	Compare	loading Fetching your data...
Comdata Universal Fuel Plus Mastercard			Up to 6 cents off per gallon on fuel depending on number of gallons purchases per month, plus save 5% on maintenance at Firestone and Tires Plus retail locations, 1.5% cash back at eligible retailers and 1% on all other purchases	28.99% variable	Up to $120	Apply now View details	Save up to 6 cents off per gallon on fuel depending on number of gallons purchases per month, plus save 5% on maintenance at Firestone and Tires Plus retail locations, 1.5% cash back at eligible retailers and 1% on all other purchases.	Compare	loading Fetching your data...
Fuelman Advantage Platinum Mastercard			3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Fuelman Discount Network	23.99% variable	Up to $120	Apply now View details	Earn 3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Fuelman Discount Network.	Compare	loading Fetching your data...
Speedway SuperFleet Mastercard®			Up to 5 cents per gallon off depending on purchase volume	Rates and fees not available before applying	See terms	Apply now View details	Earn rebates on gas and diesel at thousands of Speedway locations.	Compare	loading Fetching your data...

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Bottom line

It’s more difficult to get a business credit card if you have average credit. However, there’s a card that may fit: the Capital One® Spark® Classic for Business. If you’re not sure that’s right for you, check other business financing options before applying.

Frequently asked questions

• Am I personally liable for debt I’ve accrued with a business credit card?

  With most providers, the answer is yes. To stay on the safe side, it’s often best to spend only as much as you can personally pay off.

• Why is Capital One willing to accept business owners with average credit?

  Capital One may have decided it’s worth the risk to approve fair-credit business owners. The company may believe it’s profitable or a good way to acquire new customers.

• Why do credit cards for fair credit tend to have higher APRs?

  Providers typically offer attractive interest rates to cardholders with good or excellent credit. That’s because these customers are generally seen as less likely to default on their debt. A consumer with average credit is assigned a higher likelihood of default, so providers charge higher interest rates to account for the risk.