Small Business Secured Credit Card
A secured business credit card is best for business owners with a personal credit score below 580.
Small business secured credit card. You can make deposits at any time in 100 increments. It s also the only business specific secured card available nationwide. Getting a business loan or a business credit card can be tough if. Business edition secured visa card apply now summary of credit terms deposit account disclosure account summary request your own credit limit 2 between 2 000 and 100 000 multiples of 50 when you apply subject to credit approval.
The wells fargo business secured credit card provides users rewards on their credit card spending. Read more read more citi s small business credit cards help you manage your finances making the distinction between your personal and professional purchases. A secured business credit card can help you build your business credit scores. Whether you re starting a small business or running a well established company it s essential to find the right credit card to manage your finances and make your business thrive.
The wells fargo business secured credit card lets you earn 1 5 cash back with 0 annual rewards fee. A secured business credit card solves that problem some cards are. The perfect solution to establish or rebuild business credit with wells fargo. The minimum opening deposit is 500.
If your business is a startup a secured credit card can help you build your business credit which can open many doors down the road if. The rewards rate is 1 on all purchases. While measly compared to what we see with the top business credit cards many secured credit cards actually don t provide any rewards at all. Your credit limit typically equals a cash deposit held in a collateral account.
Secured cards reduces risk for banks that take on customers who don t have the best credit. The wells fargo business secured credit card is ideal for business owners looking to build business credit and earn rewards. Before applying for the secured visa business credit card you must open a secured credit card savings account. As a small business owner with damaged credit one of the biggest struggles you ll face is finding a credit card with a big enough credit line for company expenses.