Best Business Credit Cards With No Credit History

Why We Chose Brex For Tech Startups

Brex set out to disrupt the traditional credit card underwriting model with its startup-friendly unsecured business credit card. To qualify for the Brex corporate card, you do not need any credit history whatsoever, as Brex does not check your credit score. Instead, the company takes into account factors such as your cash balance, your spending patterns, and your investors. As such, while the card requires no credit history, it is geared toward the needs of startups (especially tech startups) with high growth potential, not mom-and-pop retail shops.

Another great feature for startups: The Brex Card does not require a personal guarantee, so you won’t be held personally liable for any business debt.

Why We Chose The OpenSky Secured Visa For No Credit Checks

When you apply for the OpenSky Secured Visa, you do not undergo a credit check, making this card ideal for businesses with no credit history. And unlike with a corporate card like Brex, there are no revenue or business size requirements to qualify. That's because this is a secured credit card -- so long as you make a security deposit of at least $200 ($3,000 maximum) to establish your credit line, you're almost certainly good to go.

This credit card helps you establish a credit history by reporting your spending to the big three credit bureaus. Unfortunately, the card sports a $35 annual fee and a 3% foreign transaction fee, and though you may be able to upgrade to an unsecured card after six months, this card (the OpenSky Visa Gold card) is available by invitation only, and OpenSky provides little information about it. However, the card's APR comes in under 22% (as of March 2023), which beats the APRs of many credit cards pitched to people with no credit or poor credit.

Why We Chose The Discover it Secured Card For Secured Credit Building

The Discover it Secured card is a traditional credit-building card in that it requires a security deposit. Your deposit, which must be between $200 and $2500, will become your credit limit. And like most cards operating in this space, the card reports to the three major credit bureaus. For this reason, and for the fact that the card offers impressive rewards for a card of this type, we had to include this card in our article.

We also like that this card carries no annual fee, and after eight months, you may be able to upgrade to an unsecured card.

Why We Chose Revenued For Best Flat Cash Back

Technically, the Revenued Business Card is not a business credit card. It's actually a prepaid spending card tied to your future business revenue. If you qualify for the Revenued card, you'll get a revolving line of credit, with your future sales being your collateral. This is why the Revenued card has no personal guarantee requirement, nor does the company run credit checks on applicants.

In terms of standout features, the Revenued Business Card's generous cash back rate of 3%, which applies to all eligible purchases, might be the best flat cash back rate for any business spending card currently on the market. In light of this, we're happy to feature Revenued in this best-of list.

With the Revenued card, instead of paying interest on what you borrow, you pay a fixed factor rate. The arrangement is akin to invoice factoring.

Why We Chose Spark Classic As Best For Instant Approval

The Spark Classic from Capital One is a business credit card for rebuilding credit. As such, the card comes with business perks, such as free cards for your employees and instant approval, which is great if you need some business spending flexibility ASAP.

This unsecured card (no deposit required) also helps you build your business credit score, as the Spark Classic reports to the business credit bureaus (but not the personal ones). However, while you may be able to get approved for the card with no credit history, you'll have a better chance of approval if you have at least some credit history. Plus, the card's high APR (currently 29.74% variable) means that you should avoid carrying a significant month-to-month balance if at all possible.

Why We Chose The Capital One Platinum Secured Card As The Best No Annual Fee Option

The Secured Mastercard from Capital One offers an unusual benefit for a secured credit card: You may be able to get a credit limit higher than the amount of your security deposit. If you're approved, you'll get an initial $200 credit limit, but your required security deposit will be either $49, $99, or $200, depending on Capital One's assessment of your creditworthiness. You can also get access to a higher credit line after making your first five monthly payments on time.

Combine this with the fact that the card charges no annual fee, and we're happy to give the Capital One Platinum Secured card a spot on this list. Just be aware of the card's high APR.

Why We Chose The Credit One Platinum Visa for Rebuilding Credit As The Best No Deposit Choice

The Credit One Bank Platinum Visa for Rebuilding Credit (note that the issuer is Credit One, not Capital One) is an unsecured credit option for borrowers with bad/limited credit who can't or won't pay a security deposit. However, you might not want to make this card your first choice due to the fees involved.

If you are approved to get this card, you'll have to pay a $75 annual fee immediately, thus reducing your credit line from $300 to $225 right off the bat. Unfortunately, after the first year, your annual fee rises to $99/year, billed at $8.25/month.

Nonetheless, as one of the few unsecured credit card options available to business owners with no credit history, the Credit One Platinum Visa merits your consideration.

Why We Chose The Citi Secured Mastercard As The Best Choice For Upgrading To An Unsecured Card Later

The Citi Secured Mastercard is another secured credit card -- one intended for people with no credit or limited credit history. The card requires a security deposit of between $200-$2,500, which will be the basis for your credit limit. Citi will report your credit activity to the major consumer credit bureaus, so with responsible card use, the Citi Secured Mastercard can help you qualify for a quality unsecured credit card somewhere down the road.

There's no annual fee, but the APR is relatively high, so take this into consideration.