These are some important things to remember if you're interested in applying for a secure business credit card. You'll need to transfer the amount from your current business bank account. This money is not used for the credit card until the card is paid off, and it is your backup if you can't pay it.
Wells Fargo Business Secured Credit Card
The Wells Fargo Business Secured Credit Card, which is a credit card for businesses, is a great option. The card has no annual fees and no foreign transaction charges. You can choose between automatic payments and overdraft protection, unlike other business credit cards. This card is also very flexible when it comes to rewards and features.
This card is an excellent option to build credit history and credit for your company. It doesn't require a FICO Score and does not report directly to credit bureaus. However, it does report to the Small Business Financial Exchange. In addition, you can open the account with a deposit of $500, and it offers up to a $500 credit line. If you have a strong credit history, you may be eligible to raise your credit limit.
The ease of accessing your online account management is one of the key benefits offered by this business credit cards. Cardholders can manage multiple accounts with the Wells Fargo Business Secured Credit Card from one location. It should only be used to make purchases, and not for payments on balances, due to its high interest rate.
Wells Fargo Business Secured Credit Card
For business owners, there are many advantages to this card. The card does not have an annual fee and no foreign transaction fees. You also get autopay, online account management, fraud monitoring, and overdraft protection. There are other perks, such as $0 fraud liability.
Wells Fargo's purchase guarantee guarantees that if your card is used to purchase an item, it will be repaired or replaced free of cost. The bank will also periodically review your credit history and accounts. It depends on many factors such as your payment record, credit history, and payment history whether you are eligible to apply for an unsecured business credit.
A rewards program is another important feature that you should look out for in a business card. The rewards program is not as generous as those offered by other cards, but it does offer rewards. Applicants with excellent or good credit can earn one point for every dollar spent. Those with a small profile should look for a card that allows them to earn cash back or points.
Wells Fargo Secured Visa Credit Card
You might consider the Wells Fargo Secured Visa Credit Card if you are looking for a card that does not require a high score. The card has low annual fees and good rates. It is not a reward credit card but it offers a balance transfer offer of 0% intro APR for the first 18 month. It also offers auto rental damage insurance, and reports to multiple credit agencies. It doesn't offer any cash back or rewards programs. However, it does charge a balance transfer fee of 5% and a foreign transaction fee of 3%.
The company reviews accounts periodically, and checks for recent credit history. The company also offers "Secured Business Cards", which is an interesting feature. The credit card allows users to upload images that represent their business. This image can be a logo, a picture of your storefront, or even a product line. The image will be displayed on your card once it is uploaded.