To apply for a business credit card with bad credit, business owners have two main options: secured cards and corporate cards. Secured cards are a good choice for most small businesses with bad personal credit. These cards require a cash security deposit but are easier to qualify for even with a low credit score. By paying your bill on time, you can also build your business credit.
On the other hand, corporate cards typically do not require a credit check. However, to qualify for these cards, your business will need steady revenue and a five-figure bank balance. Corporate cards are better suited for larger, more established businesses.
Regardless of which option you choose, it’s also recommended to consider getting a secured personal credit card. Using this responsibly can help build your personal credit over time, which is important as personal credit often plays a role in business finances. Investing in personal credit early can lead to better financial opportunities in the future.