Best Business Credit Cards for Startups, New Businesses of January 2026
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Capital One Spark Cash Select
Thankfully, Capital One’s Spark Classic fills that gap and is available to business owners with fair or average credit scores. A corporate card functions similarly to a charge card where you can’t carry a monthly balance, but you can earn rewards, make purchases, and manage employee spending. Depending on the structure of the business credit card, you’ll also be building your business credit score as opposed to your personal credit score. If your business doesn’t have an established credit history, it’s likely that you will be offered a low credit limit initially, and may also pay a higher rate of interest. However, if you use your card responsibly and make payments on time, your credit limit may be gradually increased as your business credit score improves.
NAB Low Rate business credit card
- If you’re planning to raise capital, apply for larger credit lines, or work with vendors on net terms down the line, building your business credit early is a smart move.
- Ramp may be a fit if you need a corporate card solution with some expense management capabilities.
- Managed well, a business credit card can also help you to build a credit history for your new business, giving you access to better deals in the future.
- In particular, if your early-stage company is already using Stripe, they can use your history as a basis for your limit.
- Customers also have access to 1% unlimited cash back and 5% cash back on hotels and rental cars booked through Capital One Travel.
If you don’t have a business credit score yet, check out the best corporate credit cards to see your options. If you’re a startup with no credit history, don’t worry; there are credit cards designed to help you build credit while providing valuable benefits. Unlike traditional credit cards, the Brex Card doesn’t require a personal guarantee or credit check. It bases approval on your business’s financial health and offers a high credit limit with robust rewards tailored for startups, making it an excellent choice among startup business credit cards with no credit. We can help guide your financial setup ( including taxes services). Cape business credit cards offer startups eco-friendly expense solutions.
What credit score is needed for a business credit card?
The Plum Card from American Express is a charge card that provides extended repayment periods and no preset spending limit. With the Plum Card, companies can defer repayment for up to 60 days with no interest by paying the minimum due at the end of the billing period. For even greater efficiency, it’s essential to integrate your debit card with accounting software. Mekari Expense is integrated with accounting software, so you get the advantage of automatic expense syncing, saving time and reducing errors in financial reporting. Some corporate debit cards operate on a prepaid or top-up system, allowing startups to assign specific budgets per team, department, or employee.
Categories of business credit cards
After registering your business and getting an employer identification number, you can open a business credit card and start building credit. For new businesses, on-time payments and low credit utilization can help build business credit. If you use vendors, establishing trade lines can help your credit as well if those payments are reported to the credit bureau. The best business card for you also depends on your business needs. If your business doesn’t involve a lot of traveling, a cash back business card may serve your needs best. If you do travel for business, a business credit card with travel rewards could be the better option for you.
Can new businesses get a credit card?
Even then, the card’s intro offers include a $0 annual fee for the first year, but you’ll need good to excellent credit to be approved. Despite the high reward system and great intro offers, you’re still getting a charge card by using BILL. You won’t be able to carry a balance for large purchases, but smaller budget businesses that pay their bills frequently will still gain lots of value. To get a business credit card, there are a few steps you need to take. First, you need to register your business and get an Employer Identification Number (EIN), then apply for a business credit score. Finally, you need to determine the right credit card for your startup before you start applying.
Business credit cards that DON’T report to personal credit bureaus
This ensures better financial discipline and prevents overspending. Virtual corporate debit cards provide a secure and flexible alternative to physical cards. They can be issued instantly for specific projects, departments, or one-time payments, reducing the risk of fraud while maintaining control over online transactions.
Each type of rewards program has its own benefits and considerations. For more news and insights on payment https://dimensionzen.com/streamline-your-finances-with-expert-accounting-services-for-startups/ processing, visit our resource center. Our team of U.S.-based loan advisors is here to help you every step of the way. Toni is a points and miles enthusiast who has been leveraging loyalty programs to travel around the world (for nearly free) with her husband and their four young children. She’s passionate about sharing travel tips so that others can not only feel inspired but also confident in planning their own travel. Fortunately, all these five cards have you covered with fraud protection for all users.
- You also get $500 cash back on the first 2 Chase Ink cards, and the 3rd gives you bonus miles, after you hit the minimum spending amount in the first 3 months.
- If you’re looking to build your credit, opt for a card that reports your payment history to the major credit bureaus.
- The expense restrictions might be very useful if you have a strong VP of Finance in seat who develops budgets for particular teams or offsite/travel events.
- One of the benefits of a business or personal credit card is the rewards.
- While some business cards require an established credit profile or steady revenue, others are more startup-friendly and open to freelancers, sole proprietors, LLCs or corporations in their early stages.
- These revolving credit lines let you access funds as needed, and you only pay interest on the amount used.
Your business definitely deserves a tool that can work as hard as you. I’m (27F) the sole owner of my small business and I manage all aspects of it. It has grown larger than I expected it to in my second year and accounting for startups I am SO overdue for a credit card. I spend a lot on inventory, materials, festival feels, and applications. I’ve had orders over 2k at a time for inventory, and each order only gets bigger as my business grows.