Typically, credit card companies offering business credit cards will be looking for a credit score of 680 or higher. Here's what to expect across various score ranges:
Excellent (750+): Offers broad access to cards with competitive rewards and rates.
Good (700-749): Provides access to cards with favorable terms and rewards.
Fair (650-699): May face limited options with higher rates or lower limits.
Poor (below 650): May find approval challenging and could consider secured cards or improving credit first.
Issuers also consider factors like income, credit history, and debt-to-income ratio. Steps include checking your score, researching suitable cards, preparing your application, and reviewing terms carefully. While a good score helps, options exist for varying credit profiles.
Remember, it can also hurt your credit score if you don’t use your card wisely. Be sure that your net purchases on your card don’t exceed what you can realistically pay off. Keeping a high balance on your card month to month can add a lot of interest on top of the principal amount that you owe.