There are some things to keep in mind if you're considering applying for a secured business credit card. Transfer the money from your business bank account. The money is not to be used on the credit card until it is paid off.
Wells Fargo Business Credit Card
The Wells Fargo Business Secured Credit Card will be your best choice for a business card. The card is free of foreign transaction fees and charges, as well as no annual fee. 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. The account can be opened with a $500 deposit. It also offers 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 have multiple accounts that can be managed from one location with the Wells Fargo Business Secured Credit Card. 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. There are many other benefits such as autopay, online account management and overdraft protection. Frau monitoring is also available. Another perk is $0 fraud liability, but these aren't the only ones to consider.
Wells Fargo offers a purchase assurance guarantee that covers any purchase and repairs or replacements. However, you will have to keep in mind that, in addition to this guarantee, the bank will periodically review your account and recent credit history. Whether or not you qualify for an unsecured business credit card depends on many factors, including your payment history and credit score, and your payment history.
You should also look out for the rewards program on a business credit card. This card offers rewards but not as much as other cards. One point can be earned for every dollar spent by applicants with good or excellent credit. For those with a less than perfect credit history, a card that gives cash back or points can be a good choice.
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. This card offers excellent rates and low annual fees. Although it is not a rewards card, the card offers a balance transfer offer at 0% intro APR (for the first 18 months). It also offers auto-rental collision damage insurance and reports on multiple credit bureaus. It doesn't offer any cash back or rewards programs. It does, however, charge a 5% balance transfer fee and a 3% foreign transaction fee.
It reviews accounts regularly and checks credit history. It also features "Secured Businesses Cards", an interesting feature. This credit card allows you to upload an image representing your business. This image can be a logo, a picture of your storefront, or even a product line. Once uploaded, the image will be displayed on the card.