Business credit cards with no credit check for startups

Having bad credit or no established credit can make it nearly impossible to get approved for a business credit card when you're just getting started as a business owner. Fortunately, there are now startup business credit cards with no credit checks that can help you get the funding you need to get your business off the ground.

‍

This article will review some of the best startup business credit cards with no credit check and provide you with all the details you need to make an informed decision. We'll look at a range of features, benefits, drawbacks, and available business credit card options.

How a startup business credit card with no credit check works

When you apply for a business credit card that doesn’t require a credit check, lenders judge your application against other factors. These factors can include a number of things, such as your business revenue and history. This makes them more accessible to those with less established credit scores or to businesses that are a bit newer and are trying to expand their operations.

‍

The application process is usually much simpler than that of traditional credit cards. You can expect to provide some basic information, such as your business name, address, and contact details. The information you provide isn't limited to just this but will vary from lender to lender Once approved, you can start using your card immediately within your approved credit limit.

Instances where no credit check business credit cards are useful

Using a startup business credit card that doesn't require a credit check is ideal for people aiming to create or improve their credit score. These cards can be very useful, especially in instances where you:

• You need to build up your credit score quickly
• You want to get access to a larger credit limit
• You need extra funds for business expenses
• You’re starting a new business and need access to credit
• You’re not eligible for traditional credit cards
• You need to make purchases online or abroad
• You want to spread the cost of purchasing equipment or supplies

Pros and cons of startup business credit cards with no credit checks

Before applying for a business credit card with no credit check, it’s important to understand the pros and cons. While some of these cards can have some great perks, there are potential risks and downsides that you should be aware of before you dive right in. Here are some of the key benefits and drawbacks to consider:

Pros

• Quick and easy application process
• Accessible for those with little or no credit history
• No credit check is necessary for approval
• Low interest rates
• Ability to build up your credit score over time

Cons

• May require a personal guarantee
• Lower credit limits than traditional cards
• More fees and charges may apply
• Fewer rewards and benefits than traditional cards

Best startup business credit cards with no credit check

Ramp corporate card

Ramp offers one of the best startup business charge cards with your EIN only required to apply. This card provides an ideal solution for businesses that need a quick and easy way to get credit to keep their business moving forward.

‍

Ramp determines your eligibility and credit limit based on your business's revenue and cash flow. Additionally, Ramp has no annual fees and offers a 1.5% unlimited cashback on all purchases. You also won’t be charged any foreign transaction fees when using your card abroad.

‍

To qualify for Ramp's business credit cards for LLCs with no credit check required, you must have at least $75,000 in a business bank account. You’ll also need to link the account to your Ramp card when you apply. However, the application process is quick and straightforward, and you’ll usually get a response within minutes.

‍

The application process only requires a few basic business details, such as business email address, personal address, employer identification number (EIN), login credentials to link your business bank account, business formation documents, and an estimated monthly spend amount.

‍

Ramp's features include the following:

• $250 welcome offer with no required minimum spending amount upon approval
• GPT-powered Ramp Intelligence harnesses the power of AI to provide you with insights into your spending habits and suggests ways to save more money
• Seamless integration with over 100 popular applications to streamline business workflows
• Pre-approved expense and spending limits to empower employees
• Software includes features that can digitize your expense policies and automatically enforce them
• Detail extraction tool eliminates data entry

Pros:

• No personal guarantee required
• Easy approval within minutes
• Unlimited 1.5% cashback on all purchases
• No annual fees
• No foreign transaction fees

Cons:

• You must have at least $75,000 in a business bank account to qualify
• Only available for LLCs and corporations

Brex corporate card for startups

Brex corporate card for startups only evaluates factors like your business's cash balance, expenses, and investors to decide whether you qualify for their credit card and to determine your credit limit. Another upside, the Brex card doesn't require a personal guarantee, so you won't be personally responsible for any business debt.

‍

To be eligible for a Brex corporate card, your business must meet the following criteria:

• You must link a business bank account with a bank balance of at least $50,000
• To be eligible to make monthly repayments, you'll need to have a minimum of $50,000 in your bank account

Pros:

• No annual fee
• No personal guarantee required
• Initial bonus of 30,000 points for spending $3,500
• No foreign transaction fees

Cons:

• Strict eligibility criteria
• High capital requirements, which may not be accessible to all businesses

American Express blue business cash card

Another startup business credit card with no credit check is the American Express Blue Business Cash Card. This card is for businesses looking for a convenient way to access credit without worrying about their credit score.

‍

American Express Blue Business Cash Card is a good option for those looking to build up their credit score quickly. It has an introductory APR of 0% on purchases made in the first 12 months (after which it will revert to a variable APR of 18.24 to 26.24%). It also offers up to 2% cashback on eligible purchases up to $50,000 for the first year, then 1% after that.

Pros:

• No annual fee
• Low introductory APR rate of 0% for 12 months
• Earn 2% cashback on eligible purchases up to $50,000

Cons:

• Limited rewards after the first year
• High APR after the introductory period
• Capped rewards

Ink business unlimited credit card

With a 0% introductory APR period and no annual fees, the Ink Business Unlimited Credit Card might be a good choice for businesses looking for an easy way to access credit. This card’s simple flat-rate rewards structure makes it a good fit for businesses looking to maximize their rewards, and it can also be used to build up your credit score quickly.

‍

This card requires no credit check and offers up to 1.5% cashback on all eligible purchases with no limits. You’ll also get access to Chase Ultimate Rewards, which allows you to redeem your points for gift cards, cash, and travel rewards.

Pros:

• No annual fee
• 0% introductory APR period
• Earn 1.5% cashback on all eligible purchases
• Access to Chase Ultimate Rewards

Cons:

• High APR after the introductory period (17.99 to 23.99%)
• Charges foreign transaction fees
• Charges a balance transfer fee of 5%

Capital One spark miles for business

Capital One Spark Miles for Business is a good choice to increase your company’s credit score. This is because, like Ramp, it reports your payment activity to the major credit bureaus, allowing you to build up your score quickly as long as you keep your credit utilization below 30% and make on-time payments.

‍

This card has no annual fee for the first year and then reverts to $95 yearly. It also has a 0% introductory APR period and provides 2% cashback on all purchases without any limits or category restrictions. You also get a 5% cashback on hotels and car rentals and access to the Capital One Venture Rewards program.

Pros:

• No annual fee for the first year
• 0% introductory APR
• Earn 2% cashback on all purchases
• Access to the Capital One Venture Rewards program

Cons:

• Annual fee of $95 after the first year
• High ongoing APR following the expiration of introductory APR

‍

Tips for using a business credit card with no credit check

While startup business credit cards with no credit check are a useful tool to help you access the credit you need, there are some tips you should remember when using them. Like any line of credit, there is risk involved. While they provide you with the credit you need, they can also get you into financial problems if used in a poor manner.

Keep track of your spending

It’s important to keep track of how much you’re spending and ensure that you don’t exceed your credit limit. A good business credit card should have features that enable you to monitor your card usage to ensure you’re not overspending. For instance, Ramp's software provides you with insights into your spending habits and suggests ways to save more money.

Set up automatic payments

Setting up automatic payments for your monthly bills will help ensure you make your payments on time and avoid the risk of being charged late fees. It will also help you build up your business credit score, as prompt payments are one of the most important factors lenders consider when calculating your credit score.

Make a budget

Creating a budget is important for any credit card, including those with no credit check. Make sure you determine how much money you can realistically spend and stick to it. This will help you avoid getting into financial difficulty as well as build up your credit score.

Pay off your balance in full each month

Paying off your balance in full each month is a great way to avoid the risk of accumulating large amounts of debt and avoid paying any interest at the same time. It will also help you build up your credit score, as lenders like to see that you can manage your finances responsibly.

Ramp: the best business credit card with no credit check

Does your startup or small business need access to credit, but you don’t have the necessary credit score? Ramp is the best no credit check business credit card for you. Powered by Visa, this card provides the following features and benefits for your business:

• It requires no personal guarantee and provides an easy, fast way to access credit.
• You get unlimited 1.5% cashback on all purchases.
• You won’t be charged foreign transaction fees when using your card abroad.

So, if you want access to credit without worrying about your credit score, Ramp Corporate Card is the perfect choice.