Business credit cards for bad credit

Find out how to get a business credit card if you have bad credit, and compare your options below.

Not sure what card you need?
This quick 3-question quiz will help you narrow down your shortlist. If you already know what you're after, check out the table below!

Compare business credit cards for bad credit

Table: promoted then other popular deals
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
£200 BONUS
Allstar Plus ‘All-in-one’ Business Credit and Fuel Card
N/A (this product is a charge card).
Year 1 - £0.99 per card per month,
Year 2 onwards - £3.99 per card per month
N/A
N/A (this product is a charge card).
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Earn an introductory bonus of £200, up to 44 days interest free on purchases (subject to status), savings on fuel at 1,500 Discount Diesel sites plus a 10% saving on vehicle servicing, repair, tyres and car washes at venues nationwide.
Finder Award
CASHBACK
Capital on Tap Business Rewards Credit Card
39.41%
£99 p.a.
1 point per £1 spent
39.9% APR (variable)
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Earn 1 point for every £1 spent. 1 points can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.41% (variable) p.a., your representative rate is 39.9% APR (variable).
£100 GIFTCARD
Amazon Business American Express Card
21.9%
£50 per annum (first year waived – limited offer)
1.5 points per £1 spent with selected partners
1 point per £2 spent elsewhere
32.6% APR (variable)
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Earn 1.5% Amazon Rewards on the first £120,000 in purchases each calendar year, 1% thereafter at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK, or 60 day extended payment terms on such purchases. Earn 0.5% Amazon Rewards on all other purchases.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £50 per annum, your representative rate is 32.6% APR (variable).
Barclaycard Business Select Cashback Credit Card
21.9%
£0
1% cashback
21.9% APR (variable)
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Earn 1% cashback on eligible spend. T&Cs apply
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
American Express Gold Business Card
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £175
1 point per £1 spent
N/A (this product is a charge card).
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New Cardmember offer: Earn 20,000 Membership Rewards® points when you spend £3,000 in first 3 months of Cardmembership. Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn 10,000 extra Membership Rewards® points when you spend £20,000 per quarter.
Capital on Tap Business Credit Card
39.41%
£0
N/A
39.9% APR (variable)
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Upgrade to Capital on Tap Business Rewards Card for £99 pa to earn 1 point for every £1 spent. 1 point can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.41% (variable) p.a., your representative rate is 39.9% APR (variable).
£100 GIFTCARD
Amazon Business Prime American Express Card
21.9%
Year 1 - £0, Year 2 onwards - £50 per annum
2 points per £1 spent with selected partners
1 point per £2 spent elsewhere
32.6% APR (variable)
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Earn 2% Amazon Rewards on the first £120,000 in purchases each calendar year, 1% thereafter at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK, or 90 day extended payment terms on such purchases. Earn 0.5% Amazon Rewards on all other purchases.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 32.6% APR (variable).
Barclaycard Business Premium Plus Credit Card
0% for 6 months reverting to 14.9%
£150 per annum
0.5% cashback
49.4% APR (variable)
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Earn 0.5% cashback on eligible spend with a cap of 400 per year. T&Cs apply
Representative example: When you spend £1,200 at a purchase rate of 14.9% (variable) p.a. with a fee of £150 per annum, your representative rate is 49.4% APR (variable).
British Airways American Express Accelerating Business Card
22.2%
£210 per annum
1.5 points per £1 spent
80.3% APR (variable)
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Earn 1.5 On Business Points for every £1 spent with BA on eligible flights and 1.5 Avios for every eligible £1 spent on credit card. Earn an extra 3,000 On Business Points annually when £20K or more spent by card anniversary.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of £210 per annum, your representative rate is 80.3% APR (variable).
Barclaycard Select Business Charge Card
Barclaycard Select Business Charge Card
N/A (this product is a charge card).
£42 per annum
N/A
3.6% APR (variable)
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Compare up to 4 providers

Can I get a business credit card with bad credit?

Yes, it’s still possible to get a business credit card if you have bad credit, but you may find your options are somewhat limited compared to someone with good credit. This means that you may only be offered cards with a higher rate or a smaller credit limit.

Business credit card jargon explained

  • Representative APR. The annual percentage rate (APR) provides an annual summary of the cost of your card. As well as the interest, the APR also takes into account any compulsory fees. However, crucially, providers only have to award the advertised APR to 51% of those who take out the credit card – the other 49% could be offered a different (higher) rate, especially if they have poor credit.
  • Purchase rate. This is the amount of interest you’ll pay on purchases made using your card if you don’t pay them off before the end of your interest-free period.
  • Annual fees. These are any mandatory additional account or membership fees you’ll need to pay to take out a card.
  • Rewards earn rate. This refers to how many rewards points you’ll earn per £1 spent using your card.

Are business credit cards linked to my personal credit score?

When you take out a business credit card, the account will be linked to your business’s bank account, which means interest payments, rewards and any other fees will be managed using the business’s finances.

However, your personal credit rating will still be checked when you apply, and as the business owner, you’ll still be personally responsible for the debt.

Is it worth getting a business credit card?

Business credit cards can be extremely useful tools for business owners looking to better manage their finances. This includes the following benefits:
  • Cover and track the cost of purchases
  • Manage business and employee expenses
  • Smooth over cash flow
  • Earn rewards
  • Improve your business’s credit rating

Image of cashier and woman with caption 79% of SMEs in the UK are approved for the credit cards they apply for.

How do I get a business credit card if I have bad credit?

There are a number of things you can do to improve your chances of getting approved for a business credit card if you have bad credit:

1. Don’t apply for many credit cards at the same time

This is likely to damage your credit score even more. Only apply for one credit card that you’re confident you can be approved for instead.

If you’re refused, give yourself a few months before trying again. Most “hard” credit checks, like the ones that are carried out when you apply for a credit card, stay on your credit report for 12 months.

2. Check the eligibility criteria

This is the first thing to look at. For example, most business credit cards require a minimum annual turnover, while some are only available to businesses that have been operating for a few years.

3. Use an eligibility checker

Even if your business meets the eligibility criteria, it doesn’t mean that it will automatically qualify for the cards. Lenders usually offer a tool that allows you to enter your business details and see how likely you are to get approved for a card. It isn’t a full application and does a “soft” search that will not show on your credit report.

4. You may be asked for a personal guarantee

This means that you agree to be personally responsible for any debt you accumulate on your business credit card. Personal guarantees are less than ideal – as a rule of thumb you shouldn’t mix up your personal and business finances. However, in some cases they are a necessary evil.

You can always switch to a business credit card that doesn’t require one once your business credit score has improved.

5. Expect a low credit limit and a high rate

If you are approved, you probably won’t get the advertised rate. Be prepared for that and, initially, also expect a low credit limit.

Ideally, you want to get your first business credit card asap and gradually build up your credit score and credit limit. This way, when you actually need to spread out the cost of a purchase, you’ll be in the position to apply for a good credit card and get a decent rate.

6. Try to improve your credit score

Both your personal and business ones. This is easier said than done, we know, but there are a few simple things that can help, from making sure you’re on the electoral register to asking your suppliers to share payment data with the credit reference agencies.

You can learn more on your business credit score in this guide and on your personal one in this other guide.

Credit card cost comparison

Credit card limit: £10,000

  • Outstanding balance: £3,000
  • Interest rate: 21%
  • Monthly repayment: £200
  • Total interest: £459

Credit card limit: £10,000

  • Outstanding balance: £3,000
  • Interest rate: 39%
  • Monthly repayment: £200
  • Total interest: £937

How to choose the right business credit cards for bad credit

There are many factors to take into account, the most important one being the likelihood of being accepted. Apart from that, you should also give a thought to the following features:

  1. Annual fee. This is the annual cost of your card. Some providers waive it for the first year or if you spend enough on the card.
  2. Interest rate. This can be quite high if your business credit score isn’t great, so you really want to pay off your credit card bill on time every month.
  3. Credit limit reviews. If you get a low credit limit at the beginning, try and find out if it can be reviewed after a few months.
  4. Budgeting and accounting features. Does the card come with a mobile app to help you stay on top of your expenses? Can you feed the data into your accounting software?
  5. Additional cards. How much will it cost to give additional cards to other members of your team?
  6. Rewards and perks. If you can bag some, it’s great. For example, some business credit cards offer cashback or air miles on your spending.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
  1. UK government data 2018

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