Best Business Credit Cards For Startups With No Credit

If you're launching a startup, getting the right business credit card from the start can make all the difference. But what if you have no credit history to show? Don't worry – it's not a dead end! Thankfully, there are plenty of options out there for budding entrepreneurs without any credit. In this Flik Eco guide, we'll share the best business credit cards for startups with no credit, so you can make your venture a success from day one.

Why Choose a Business Credit Card for Your Startup

Having a business credit card is crucial for any startup. It helps you separate your personal and business finances, building your business's credit history and credibility. It also provides the much-needed cash flow to manage your day-to-day operations and enjoy rewards and incentives that come along with it.

Choosing the Right Credit Card: Secured vs. Unsecured

When it comes to credit cards, the first decision you'll make is between secured and unsecured options. Here's a quick summary of the differences:

• Secured: This type of credit card requires you to place a security deposit, which usually determines your credit limit. It's ideal for those with no credit history because the deposit minimizes the risk for the issuing bank.
• Unsecured: Unsecured cards don't require a deposit but often come with higher interest rates and fees. These cards may be harder to get without a credit history, but some issuers do offer unsecured cards for startups and those with limited credit histories.

Best Secured Business Credit Cards for Startups with No Credit

Wells Fargo Business Secured Credit Card

• Security deposit range: $500-$25,000
• Annual fee: $25
• Rewards: 1.5% cash back on every purchase or 1 point per $1 spent, plus a 1,000-point bonus when you spend $1,000 in a billing cycle

The Wells Fargo Business Secured Credit Card is perfect for startups with no credit history. You'll earn rewards on every purchase and have the opportunity to build your business credit. Plus, with its wide range of security deposit options, you can choose a credit limit that suits your needs.

BBVA Compass Secured Visa® Business Credit Card

• Security deposit range: Starts at $500
• Annual fee: $40 (waived first year)
• Rewards: 1 point per $1 spent, 3x points in your choice of category, and 2x points on all other categories

With the BBVA Compass Secured Visa® Business Credit Card, you'll enjoy customizable rewards and a competitive annual fee that's waived the first year. This card also offers a lower minimum security deposit and the chance to "graduate" to an unsecured card after building a good credit history.

Best Unsecured Business Credit Cards for Startups with No Credit

Capital One Spark Classic for Business

• Annual fee: $0
• Rewards: 1% cash back on every purchase
• Designed for average credit or limited credit history

The Capital One Spark Classic for Business is an excellent unsecured option for startups with no credit. With no annual fee and straightforward cash back rewards, this card helps you build business credit without a hefty cost.

Brex Card for Startups

• Annual fee: $0
• Rewards: Vary by category, higher rates for software subscriptions, travel, and dining
• No personal guarantee or credit check required

The Brex Card for Startups is an innovative unsecured card option for startups without a credit history. Instead of relying on personal credit, Brex evaluates your business's financials and funding to determine eligibility. This card offers impressive rewards rates on relevant startup expenses.

Best Business Credit Cards For Startups With No Credit Example:

Imagine you're starting a tech business and need a credit card that supports your software subscriptions and travel expenses. By choosing a Brex Card for Startups, you'll enjoy high rewards rates for those categories and a no annual fee card that doesn't require a credit check or personal guarantee. This will help you establish your business credit, maximize your rewards, and keep expenses low, all without affecting your personal credit.

Now that you have the insider scoop on the best business credit cards for startups with no credit, you're set to make an informed decision that will benefit your fledgling venture. Remember, building credit for your business is a critical step in growing and expanding, so don't underestimate the value of choosing the right credit card. We encourage you to explore other Flik Eco guides and share this article with fellow entrepreneurs who might be in the same boat. Together, we'll pave the way to financial success!