United Capital Source Logo

Best Business Credit Cards for Fair Credit: The Essential Guide

credit card, master card, visa card, best business credit cards for fair credit

In today’s competitive market, having the right financial tools can make all the difference. Whether you’re a small business owner or an entrepreneur starting out, finding the perfect credit card tailored to your needs is crucial.

However, navigating the best business credit card options with a less-than-perfect credit score is more challenging. While having a fair credit score (581-670) might limit your options, plenty of viable credit cards may still be available for your business.

This guide explores the best business credit cards for fair credit, including the pros, cons, and how to sign up. Specifically, we’ll answer these questions and more:

Join our Newsletter for great tips and updates.

    We will help you grow your small business.

    What is a Business Credit Card?

    visa, credit card, credit

    Business credit cards are financial tools for small business owners to manage expenses. These cards operate similarly to personal credit cards but are specifically tailored for business purposes. They offer benefits such as higher credit limits and rewards tailored to business needs.

    Business credit cards allow for easy tracking of business expenses, separating them from personal finances. They also offer additional features like the ability to issue employee cards, helping streamline expense management within a company.

    Moreover, these cards often come with perks like cash-back rewards or travel points that cater to business spending habits. By utilizing a business credit card wisely, entrepreneurs can take advantage of these benefits while building a positive business credit profile.

    What does it mean to have Fair Credit?

    credit card, credit score, mastercard

    Having fair credit means your credit score falls within a specific range, between 580 and 669 for FICO scores. People with fair credit may struggle to qualify for certain financial products, including small business credit cards.

    Individuals with fair credit are more likely to be approved for business credit cards designed specifically for this credit range. These cards often come with lower credit limits and fewer rewards than cards offered to those with good or excellent credit.

    One key advantage of business credit cards for fair credit is the opportunity they provide to improve credit scores over time. By using the card responsibly and making timely payments, cardholders can gradually boost their credit score.

    What should I consider when looking for Business Credit Cards with Fair Credit?

    startup, whiteboard, room

    When selecting a suitable business credit card for fair credit, consider factors such as annual fees, interest rates, rewards programs, foreign transaction fees, and the opportunity for credit limit increases. Compare these aspects to find the card that aligns with your business needs.

    Secured Business Credit Cards

    One essential type is the secured business credit card, which requires a security deposit to establish the credit limit. This can benefit those with fair credit scores looking to build or improve their credit history. Several business card issuers provide options for small businesses in this category.

    Eligibility Criteria

    To qualify for the best business credit cards for fair credit, individuals typically need a credit score between 580 and 669. Some cards may require higher scores, so checking the specific requirements is crucial.

    When applying for these preferred cards, ensure you have steady revenue and limited outstanding debt. Meeting these criteria increases your chances of approval.

    Managing Your Business Credit Card

    When using these cards, make timely payments to avoid high interest charges and potential damage to your credit score. Responsible use can gradually improve your credit standing over time.

    What are the Best Business Credit Cards for Fair Credit?

    credit cards, denim, jeans

    Here’s our list of the best business credit cards for fair credit.

    Capital One Spark Classic

    The Capital One Spark Classic Business Credit Card is an excellent option for business owners with fair credit. While this card does not offer cash back or rewards points like some other business credit cards, it does provide a straightforward way to build credit and manage business expenses.

    The Capital One Spark Classic Business Credit Card has no annual fee. It’s a good fit for those looking to improve their credit while still having access to a business credit card for everyday purchases.

    Brex Card

    The Brex Card is a popular choice among startups and small businesses due to its unique features tailored to their needs. Unlike traditional credit cards, the Brex Card does not require a personal guarantee or credit check, making it more accessible to entrepreneurs with limited credit history.

    The card offers higher spending limits and rewards tailored to business expenses, such as discounts on software subscriptions and travel perks. With its streamlined application process and focus on supporting growing businesses, the Brex Card has quickly gained popularity as a valuable financial tool in the startup community.

    BILL Divvy Corporate Card

    The BILL Divvy Corporate Card is a powerful tool for businesses looking to streamline their expense management processes. With features like real-time spending tracking, customizable spending limits, and automated expense reporting, this card makes it easy for employees to make purchases while providing administrators with valuable insights into company spending.

    The Divvy card also offers rewards for using the card, helping companies save money on everyday expenses. Overall, the BILL Divvy Corporate Card is a convenient and efficient solution for businesses looking to take control of their finances.

    Capital on Tap Business Credit Card

    The Capital on Tap Business Credit Card is a great option for small business owners with fair credit because it offers a straightforward application process and quick approval, making it accessible to those who may not have perfect credit scores.

    Additionally, this card provides flexible credit limits and rewards for business expenses, helping entrepreneurs manage their cash flow effectively. With no annual fees and competitive interest rates, the Capital on Tap Business Credit Card is a practical choice for small business owners looking to build their credit while accessing the funds they need to grow their businesses.

    Bank of America Business Advantage Unlimited Cash Rewards Mastercard Secured Credit Card

    The Bank of America Business Advantage Unlimited Cash Rewards Mastercard Secured Credit Card offers small business owners a secure way to access credit while earning unlimited cash rewards on their purchases. With this card, businesses can build their credit history and enjoy the convenience of a Mastercard for their everyday expenses.

    The card’s secured nature provides peace of mind for the cardholder and the bank, making it an ideal option for those looking to establish or rebuild their credit. Additionally, the cash rewards program can help businesses save money on their purchases and reinvest those savings into their operations. Overall, the Bank of America Business Advantage Unlimited Cash Rewards Mastercard Secured Credit Card is a valuable tool for small businesses looking to manage their finances effectively.

    What are the benefits of Business Credit Cards for Fair Credit?

    Business credit cards for fair credit offer several advantages that can help small business owners manage their finances effectively. One key benefit is the ability to earn cash-back rewards on business purchases, providing a valuable way to save money.

    These credit cards often come with a bonus reward structure, where cardholders can earn extra points or cash-back for reaching certain spending thresholds. This incentivizes businesses to use the card for more transactions and maximize their potential rewards.

    Another advantage of business credit cards for fair credit is the opportunity to access unlimited cash-back on specific categories such as office supplies, advertising, or travel expenses. This feature can significantly reduce business costs over time, contributing to improved financial health.

    Having a business credit card also helps establish and build a positive credit history. By making timely payments and keeping credit utilization low, entrepreneurs can improve their credit scores over time, leading to better financing options and terms in the future.

    Moreover, these credit cards often provide additional perks such as travel insurance, purchase protection, and extended warranties on eligible purchases. These benefits add value to the cardholder’s overall experience and offer peace of mind when using the card for business expenses.

    What are the drawbacks of Business Credit for Fair Credit?

    Business credit cards for fair credit come with certain drawbacks that business owners must consider before applying. One significant drawback is the higher interest rates associated with these cards. Unlike cards for excellent credit, business credit cards for fair credit typically have higher APRs, making them more expensive to carry a balance on.

    Limited rewards and benefits are another common drawback of business credit cards for fair credit. These cards often offer fewer rewards, lower cash-back percentages, and limited travel benefits compared to those designed for businesses with higher credit scores. This can make it challenging for business owners to maximize their rewards and savings.

    Another drawback is the lower credit limits with business credit cards for fair credit. Due to the increased risk associated with fair credit scores, issuers may provide lower credit limits to mitigate potential losses. This can restrict a business’s purchasing power and flexibility when managing expenses and cash flow.

    Fewer perks and features are available on business credit cards for fair credit than those offered to businesses with excellent credit. These may include limited access to premium customer service, expense management tools, and insurance coverage, which can be essential for managing business finances effectively.

    Fair Credit Business Cards Pros & Cons

    weigh up, plus, minus


    • Helps build credit history for your business.
    • Can provide access to financing for small business expenses.
    • May offer rewards or cash back on purchases.


    • Typically have higher interest rates compared to cards for those with excellent credit.
    • Lower credit limits may restrict your ability to make larger purchases.
    • Limited options for business credit cards specifically designed for fair credit profiles.

    How do I apply for a Business Credit Card for Fair Credit?

    application, keyboard, apply now

    Here is a step-by-step guide on how to apply for a small business credit card for fair credit:

    1. Check your credit score: Knowing where you stand before applying for a business credit card is essential. Fair credit typically falls within the 580-669 range, so ensure your credit score is in this range.
    2. Research business credit cards: Look for small business credit cards suitable for individuals with fair credit. Compare the features, rewards, fees, and interest rates of different cards to find the best fit for your needs.
    3. Gather necessary documents: When applying for a business credit card, you must provide documents such as your business tax ID, proof of income, and other financial information. Make sure you have these documents ready before starting the application process.
    4. Apply online or in person: You can apply for a business credit card online through the issuer’s website or in person at a bank branch. Fill out the application form accurately and truthfully, providing all the required information.
    5. Wait for approval: After submitting your application, the issuer will review your credit history and financial information to determine if you qualify for the business credit card. This process may take a few days to a few weeks.
    6. Receive your card: If your application is approved, you will receive your business credit card in the mail. Activate the card following the issuer’s instructions and start using it for your business expenses.
    7. Build your credit: Make timely payments and keep your credit utilization low to improve your credit score over time. This will help you qualify for better credit cards and financing options in the future.

    Frequently Asked Questions

    faq, puzzle, letters

    Here are the most common questions about the best business credit cards for fair credit.

    What’s the easiest Business Credit Card to get with Fair Credit?

    marketing online, social media, online

    Business owners with fair credit often find securing a suitable credit card challenging. However, some credit cards cater specifically to this demographic, offering accessible options for those with fair credit scores. One such option is the Capital One Spark Classic for Business.

    Capital One Spark Classic for Business stands out as an ideal choice for business owners with fair credit. This card requires a fair credit score for approval, making it easier to obtain than other business credit cards that may demand higher credit scores. It offers rewards on every purchase, helping business owners earn while they spend.

    Can I get a Business Credit Card with a Credit Score of 600?

    man, cell phone, tuxedo

    Business credit cards are available even if you have a credit score of 600. While it might be more challenging to qualify for some premium cards, there are options specifically designed for individuals with fair credit scores.

    When applying for a business credit card with a fair credit score, it’s essential to focus on cards that report your activity to the major credit bureaus. This reporting can positively impact your credit score as you demonstrate responsible credit management.

    While having a lower credit score may limit your options slightly, it doesn’t mean you can’t access valuable financial tools like business credit cards. By choosing cards tailored to individuals with fair credit, you can start building your business’s financial profile and working towards better terms and rewards in the future.

    How can I raise my Fair Credit Score for better Business Credit Card options?

    graph, arrow, 3d

    Here are some crucial ways to improve your personal credit score and unlock more advantageous business credit card options.

    Check Scores

    To improve your credit scores, regularly check your credit report from major credit bureaus like Equifax, Experian, and TransUnion. Look for any errors that could be dragging down your score.

    Consider signing up for a credit monitoring service to keep track of any changes in your credit report. This will help you stay on top of your scores and address any issues promptly.

    Work Towards Improvement

    Work on paying all your bills on time. Payment history is a significant factor in determining your credit score. Late payments can have a negative impact on your creditworthiness.

    Reduce your credit card balances to below 30% of your available credit limit. High credit utilization can signal financial distress and lower your scores.

    Establish Good Financial Habits

    Create a budget to manage your finances effectively. Knowing where your money goes can help you make smarter financial decisions and avoid overspending.

    Avoid opening multiple new accounts within a short period. Each new account can temporarily lower your average account age, negatively impacting your scores.

    Are there Business Credit Card options for Bad Credit?

    money, cards, business

    If you have bad credit but still need a business credit card, there are options available to you. Some issuers offer secured business credit cards, where you provide a security deposit that serves as your credit limit. This can help you build or rebuild your credit while still having access to a credit card for your business expenses.

    Additionally, some unsecured business credit cards are specifically designed for those with less-than-perfect credit. While these cards may come with higher interest rates and fees, they can still be a valuable tool for managing your business finances and help build business credit score over time. It’s essential to compare different options and choose the one that best fits your needs and financial situation.

    Bad Credit Business Loans

    Bad credit business loans can be a helpful alternative for entrepreneurs with poor credit looking for financing options. These loans are specifically designed for business owners with less-than-perfect credit scores, allowing them to access the funds they need to grow their businesses.

    While traditional business credit cards may not be an option for those with bad credit, bad credit business loans can offer a temporary solution to help improve credit over time. By making consistent, on-time payments on these loans, business owners can demonstrate their ability to manage debt responsibly and potentially improve their credit scores.

    This can open up more opportunities for financing in the future, including the possibility of qualifying for better terms on business credit cards. Overall, bad credit business loans can be a valuable tool for entrepreneurs looking to build or rebuild their credit while still accessing the funds they need to support their business growth.

    Best Business Credit Cards for Fair Credit – Final Thoughts

    laptop, notebook, business

    Even with a fair credit score, you can still access suitable business credit card options tailored to your needs. Following the steps outlined here, you can improve your credit score over time and unlock even better business credit card opportunities.

    Responsible credit card usage is vital to maintaining and increasing your credit score. So, explore your options and make informed decisions that will benefit your business in the long run.

    Contact us if you have more questions about business credit cards or to apply for a small business loan. Our alternative financing experts can help you find the best business funding options for your goals.


    We will help you grow your small business.

    Share this post:

    Written by

    Most Recent Articles

    Ready to grow your business? See how much you qualify for:

      Current monthly sales deposit average to your business bank account?

      How much Working Capital would you like for your business?

      Need Instant Help?
      Call Us Now At:

        Current monthly sales deposit average to your business bank account?

        How much Working Capital would you like for your business?

        At UCS, we understand the value of your time and want to ensure that your application has a great chance of approval. Please take note of the following details before applying:
        • To be eligible, it’s necessary to have a business bank account with a well-established U.S. bank such as Chase, Wells Fargo, Bank of America, Citibank, or other major banks. Unfortunately, online-based bank accounts like PayPal, Chime, CashApp, etc., are not permitted.
        • When describing your current average monthly sales deposits to your business bank account, please provide accurate information. Our approval process is based on your current business performance, and it’s essential to provide accurate details about your current sales in the first question on the application form. We cannot approve applications based on projected revenues after receiving funding.
        We appreciate your understanding and cooperation in ensuring a smooth and successful application process.
        1500+ 5 star reviews
        1500+ 5 star reviews

        Take a minute, Get a FREE Consultation

        Your Connection is
        securely encrypted

        $1.2+ Billion Matched to US Businesses