Each factor is rated on a scale of 1 to 5, where 1 is less critical and 5 is most critical. Selecting a business credit card when you have bad credit requires careful consideration of various factors.
If you don’t comply with monthly payoffs, you’ll lose the card and your credit history will lose more points.Ĭhoosing the Right Business Credit Cards for Bad Credit: Our Methodology These are unsecured credit cards that don’t require a deposit. You may be required to link the card to a business account or savings account. Full payment of balance – Full payoff is required in each monthly billing period.The deposit and bank account link are your personal guarantee that you can pay off the card. The business-secured credit card will be linked to your bank account. Your credit limit will be 110% of the deposit, in most cases. Secured credit card – Secured credit cards require that you make a security deposit, which can be a cash deposit.The credit card issuers will attach conditions to your use of the card, typically in two ways:
