Best for secured rewards earning
Bank of America® Business Advantage Unlimited Cash Rewards Secured Business Credit Card
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If you can’t qualify for an unsecured business card yet, consider the Bank of America Business Advantage Unlimited Cash Rewards Secured Business Credit Card. This card comes with no annual fee and offers 1.5 percent cash back on every purchase. There’s a minimum security deposit of $1,000 required. Using this card for business purchases gives you the chance to make on-time payments and practice other good credit habits to help your credit score. Eventually, you could upgrade to an unsecured Bank of America business card.
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Pros
- The card is easier to qualify for and comes with no annual fee.
- Earn cash back on all purchases while you build up your credit score.
Cons
- The variable APR reaches up to 27.74 percent, making it expensive to carry a balance.