Compare business credit cards for fair credit

Capital One offers a good product. Plus, you can consider alternative business funding.

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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.

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.

Consider this business card for fair credit

Universal Premium Mastercard®

  • Accepted at nearly 160,000 fueling locations throughout the United States
  • Choose the most convenient and cost saving sites for your business
  • Prevent unwanted non-fuel spending by limiting purchases only to the pump
  • Open cards to make purchases at over 400,000 maintenance locations
  • Save up to 6¢ per gallon with volume rebates on purchases within the Retail Savings network
  • Save up to 15% on fuel management costs
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Compare business credit cards

Updated October 20th, 2019
Name Product Filter values Rewards Purchase APR Annual fee
2% cash back on all purchases on up to $50,000 per calendar year, then 1%
0% intro for the first 12 months (then 14.99% to 20.99% variable)
$0
Earn 2% cash back on all purchases on up to $50,000 per calendar year, then 1%. Rates & fees
2x points on everyday business purchases on up to $50,000 annually, then 1x points
0% intro for the first 12 months (then 14.99% to 20.99% variable)
$0
Earn 2x Membership Rewards® points on everyday business purchases on up to $50,000 with no category restrictions. Rates & fees
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
17.99% to 22.99% variable
$95
100,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®
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
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.
2x miles on Delta purchases and 1x miles on all other purchases
17.49% to 26.49% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn 30,000 miles after spending $1,000 in the first 3 months plus $50 after making a direct Delta purchase in the same timeframe. Rates & fees

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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.

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