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.

Compare business cards for fair credit

Updated December 15th, 2019
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
Get the credit you want for your business and unlimited 1% cash back on every purchase, every day.
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
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.
ARCO Business Solutions Mastercard
ARCO Business Solutions Mastercard
19.99% to 28.99% variable
Up to $180
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.
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
Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month.
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
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 up to 4 providers

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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