The unfortunate reality is that even the best easy approval business gas cards require at least a fair credit score, and most business gas cards require an excellent one. But don’t worry. You still have options.
Below are some cards you can use at the gas pump that can help you build credit. From business cards made to help to build credit to a gas station card option to even secured cards, below are the five top options for getting help filling the tank while you fix your credit score. And as you build your credit, that can mean one of the best easy approval business gas cards in the future.
Pros:
Made with building credit in mindFree access to your Experian credit scoreGet up to 10% cashback from new offers and participating merchants
Cons:
Not built for business rewards Not a gas card specifically Annual fee rates can cut into cashback savings
One such card is the Wells Fargo Business Secured Credit Card, which allows 1.5% cashback on qualifying purchases and a points rewards option for 1 point for every $1 you spend. Even better, it comes with no annual fee. While not a gas card, this is another option that can help you purchase gas for business needs, and it can help you build credit so that you are on your way to the best easy approval business gas cards.
Pros:
A great option for people with no to low creditIt helps you build the needed credit for one of the best easy approval business gas cards down the lineNo annual fee
Cons:
Not a gas card, if you’re looking for that specifically Interest rates can be quite high
If you’re looking for a gas card, what makes the Discover it Secured Card stand out is that it offers 2% cashback at gas stations and restaurants on up to $1,000 combined purchases each quarter.
Pros:
It can be used as a makeshift gas card since it offers extra cashback at gas stations Made for people who are new to credit or looking to rebuild it, taking much of the stress out of the approval process Rewards are good for a card that does not require fair to excellent credit
Cons:
Not a business card and doesn’t offer business rewards You can get your deposit back, but it’s when you “graduate” to an unsecured card
We also looked at how the card performed if you used it to pay for gas. Ideally, it should have given you some type of cashback or other rewards/discounts for purchases. Another consideration was if the card was a business card or not. That was a difficult category, since most business cards want good credit, even for the best easy approval business gas cards. A financial institution isn’t going to want someone with poor or no credit using their card to fill company fleet vehicles with reckless abandon. For that reason, some cards that made the list are not business cards but were chosen because you can use them at the pump, gain cash back, and build credit.
The size of your business
If you have many employees, some of which are filling up your company’s gas tank, you might want to look at the Shell card or the Wells Fargo business card. These cards were made with business owners in mind, and you can get cards that employees can use. If you run a small-scale sole proprietorship, you can get away with a credit card that also works for individuals, like the Platinum Visa through Credit One Bank.
How much gas your business uses
If you use a ton of gas, you might also want to look into the card with the highest cashback, namely the Discover it card, which offers a 2% cashback.
The actual state of your credit
If you have little to no credit, or your credit is in a bad place after some financial setbacks, look into the secured cards to help you build your credit back up. If you’re in a position where your credit is fair, you might look into seeing if you can get the Shell card.
Rewards
If you have poor credit, rewards on the cards you can get tend to be modest. However, if you value rewards, look for the card with the most rewards, especially secured credit cards like Discover it. But it would help if you had good credit to get them, which is where secured cards or cards with less stringent approval can be a good stepping stone to getting one of the best easy approval business gas cards. Instead of looking into credit cards, you might also think about getting a line of credit. You can apply for a line of credit so that you have a set amount of cash to draw from as you need it. You do pay interest on the money you draw from the line of credit, and that credit is paid back monthly or weekly. If you managed it well, it could even help your credit score, allowing you to get one of the best easy approval business gas cards in the future.
