I Have Bad Credit. Can I Qualify For A Business Prepaid Card?

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Question: I Have Bad Credit. Can I Qualify For A Business Prepaid Card?

Answer: Short answer. Yes.

 

Business Prepaid Cards are Self-funded – So, No Credit Is Extended

Because business prepaid cards are “prepaid” and they don’t extend any credit to you, card providers don’t run your credit. Remember, with business prepaid cards, you fund your cards with your OWN money by connecting your bank account, then transferring funds into your prepaid card Master account.  You then transfer funds to your business prepaid cards or set limits through which your cards access the funds in the Master account. Because no credit is extended by business prepaid card issuers, no credit check is required.  Additionally, prepaid business cards do not build your credit because of this same reason.

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