9 Best Startup Business Credit Cards With No Credit In 2024

It is possible for startups to get a business credit card, even if the startup does not have any credit history.

The bank or the financial institution that is offering the credit card is now considering the personal credit history of the business owner. If you are looking for startup business credit cards with no credit, read on through to the end of the article.

In this article, you will learn about various credit card options that are available for startups that do not have any credit history.

We will list nine different credit cards that startups can use to make business-related investments. With respect to each option, we will share with you the name of the institution, the annual fee for the card, the rewards rate, and the business owner?s eligibility to get the card.

What Is A Secured Card For A Startup?

According to Nerdwallet.com,

Business owners with no personal credit can use a secured card to build their credit score before upgrading to a startup business credit card with better rewards. Secured cards require an upfront deposit, which determines your credit limit, and some are available with no credit check. A secured personal card will help build your personal credit score, but not your business score.

With the help of a secured card for your startup, you will get the chance to build credit. Apart from that, as a startup, you will also be able to avail yourself of various perks for your business, like cashback rewards, travel perks, APR period, and more.

Factors to Consider Before Choosing Startup Business Credit Cards with No Credit

Before you choose startup business cards with no credit, you must weigh the rewards and benefits of each card. Hence, you can choose the one that best suits the needs and demands of your business.

The following are some of the major factors you need to consider before your choose a startup business credit card with no credit:

1. Keep Your Business Expenses Separate

By using a startup business card, you can keep your business expenses separate from your personal expenses. As a result, it gets easier for you to track your business expenses. Hence, accounting and taxation become simpler for you. Moreover, you can prevent co-mingling of funds for your business. Hence, you can avoid IRS audits.

2. You Get a Higher Credit Limit

Apart from that, the most important factor of business credit cards is that they offer you a higher credit limit. Hence, if you want to make large purchases for your business, such credit cards can be extremely helpful.

3. Employee Spending

Additionally, some business credit cards allow you to issue employee cards. However, you can set spending limits on them. As a result, you can control how your employee spends the card. Also, you can ensure that your employees use the card for business expenses only.

4. Low or No Annual Fee

Generally, cards that have high annual fees provide a lot of benefits. However, you must offset the annual fee with the rewards you take.

On the other hand, there are some startup business credit cards available that come with low or no annual fees. Here, you need to determine whether you will pay an annual fee or not.

5. Credit Reporting

Building your credit history must be one of the major priorities for your startup. Once you establish your credit history, you can open new pathways and opportunities for your business.

Top Startup Business Credit Cards With No Credit

The following are some of the top startup business cards with no credit that you will need to watch for in 2024:

1. Brex Card

To avail of this card, you will not have to face credit checks and need not keep any personal guarantee. Furthermore, you will be able to make 8x points on common business expenses once you make daily automatic repayments.

2. OpenSky Secured Visa Card

MerchantMaverick.com adds here ? ?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 also has one of the best APRs of about 22%.

3. Discover It Secured

There are no annual fees, and you will also get a good cashback program. It also reports to the top three credit bureaus.

4. Revenued Business Card

You will not have to make any personal guarantee here and will also not face any credit checks. Furthermore, there are also no annual fees.

5. Spark Classic From Capital One

There are no annual fees and foreign transaction fees. It also reports to the top three credit bureaus.

6. Platinum Secured From Capital One

In this case, as well, there are no annual fees. Apart from that, you will also get a credit limit higher than your deposit amount.

7. Credit One Platinum Visa For Rebuilding Credit

You will not have to make any security deposit here, and you will also get 1% cashback on spending categories.

8. Citi Secured Mastercard

There are no annual fees, and you will also get a good cashback program. It also reports to the top three credit bureaus.

9. Bank Of America Business Advantage Unlimited Cash Rewards Secured Credit Card

With this card, you will get a variety of benefits. Some of them include travel insurance benefits, including up to $100,000 in travel accident coverage, lost luggage assistance, emergency ticket replacement, auto rental insurance, and more.

Final Thoughts

Hope this article was helpful for you to get an idea of the best startup business credit cards with no credit. If you want to get a credit card for your business, consider choosing from among the options mentioned above based on what your business needs at the moment. However, realistically speaking, for startups with no credit, the options are limited.

The options that are given above are great places to start if you are the owner of a startup and are seeking your first credit card. Choosing one of these options will let you build your credit. Do you have any more suggestions regarding credit cards for startups with no credit? Share your options with us in the comments section below.

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