Business Secured Credit Card. A secured business credit card is a financing option available to small business owners with personal credit scores below 580. The Secured Visa Business Credit Card requires a minimum security deposit of 500 and you can make deposits at any time in 100 increments. BBVA Compass Business Secured Credit Card. The Discover it Secured Credit Card isnt a business credit card per se but it is a secured card option that can work well for freelancers who can apply for a business credit card as a sole.
If you already bank with Chase you have even more of a reason to look into their secured credit card options. The Wells Fargo Business Secured Credit Card lets you earn 15 cash back with 0 annual rewards fee. A secure card for business expenses. A secured card lets a business owner with bad credit or no credit history build credit by demonstrating responsibility and timely monthly payments. One option to help you build your business credit is a secured business credit card. Because of this personal guarantee secured business cards are easier to qualify for and can help you improve your credit.
Secured credit cards require a deposit to get started.
Wells Fargo Business Secured Credit Card. If you already bank with Chase you have even more of a reason to look into their secured credit card options. Its also a good option for small business owners who have little-to-no credit history. With a secured business credit card unlike most credit cards you need to put down a refundable cash deposit for collateral. Secured business credit cards may come with several advantages that a personal credit card may not such as the ability to add employees onto the account and to authorize them to make purchases. Employee cards are free.