The credit score requirements for a business credit card can vary depending on the card issuer and the specific card. Business credit cards are typically designed for small business owners, and the approval criteria may consider both your personal and business credit history.
To qualify for the best business credit cards with the most favorable terms, including lower interest rates and higher credit limits, a credit score in the excellent range (typically 781 and above) is often preferred. That said, many business credit cards are accessible to those with good credit (typically 661 and above). While you may not qualify for the most premium cards, you can still find options with reasonable terms and benefits. If you only have fair credit (usually around 580-669) you might still qualify for a card, but the terms likely won’t be as favorable. You might encounter high interest rates and lower credit limits.
It's important to note that while your personal credit history is often a significant factor in business credit card approvals, issuers may also consider your business's financial information, such as revenue and time in business.
Before applying for a business credit card, it's advisable to check your personal and business credit reports. Address any inaccuracies and work on improving your credit score if needed. Additionally, be prepared to provide information about your business, such as its structure, revenue, and years in operation, during the application process.