Unlimited 1% cash back on all purchases.While this card does have a high interest rate, that won’t be an issue if you pay your balance in full each month. There’s no annual fee, unlimited 1% cash back on purchases, and no foreign transaction fees. If your credit score isn’t good enough to secure the best unsecured business credit cards, this card is a solid alternative. This unsecured business credit card is ideal for small business owners with a fair credit score. Ideal for: Business owners with average credit who don’t yet qualify for some of the best business cards on the market. Since there are very few business credit cards available for people with poor credit, business owners might consider using a personal credit card to build their personal credit score and improve their chances of eventually securing a business card.īased on our findings, here are the four best personal and business credit cards for building business credit: 1. USING A PERSONAL CREDIT CARD TO BUILD BUSINESS CREDIT Because credit card companies typically require applicants for unsecured cards to have a credit score higher than 620, these cards can be hard to obtain if you have poor (or no) credit history. You are, of course, still liable for any charges you make, but the card issuer believes your credit score/history merits issuing a card without requiring a deposit. They are called unsecured cards because they don’t require collateral, like a cash deposit, in order to open an account. Unsecured credit cards are what you usually think of when someone mentions a credit card. If you use a secured credit card properly, your credit score will improve and you’ll eventually be able to move to an unsecured card (and get your deposit back). These cards typically work best for business owners with low (or no) credit history. This security deposit protects the card issuer in case you default on your payments. For example, if your secured credit card requires a $1,000 security deposit, then your credit limit will also be $1,000.

In general, your credit limit will equal the cash deposit. A secured credit card requires cardholders to provide some sort of collateral in order to obtain the card, typically a cash deposit.

Credit builder card