If you're thinking of applying for a business secured credit card, there are a few things you should keep in mind. The money must be transferred to 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 has no annual fees and no foreign transaction charges. You can choose between automatic payments and overdraft protection, unlike other business credit cards. The card's rewards and features are also flexible.
This card is a great way to establish a credit history for the company. It does not use a FICO score and does not report to the personal credit bureaus, but reports to the Small Business Financial Exchange. The account can be opened with a $500 deposit. It also offers a 500 credit line. A good credit record can help you increase your credit limit.
This business credit card offers many benefits, including easy online account management. Cardholders can manage multiple accounts with the Wells Fargo Business Secured Credit Card from one location. Due to the high interest rate, you should use it for purchases only, not balance payments.
Wells Fargo Business Secured Credit Card
There are many benefits to this credit card for business owners. First and foremost, the card is free from foreign transaction fees and has no annual fee. It offers many convenient benefits, such as autopay and online accounts management, overdraft protection, fraud monitoring, and autopay. The $0 fraud liability is another perk, but they aren't all you should consider.
The card's purchase assurance guarantee means that, if you purchase something and it breaks within the first six months, Wells Fargo will repair or replace it free of charge. You should also remember that Wells Fargo will periodically review your account, credit history, and payment history. The factors that determine whether you qualify for an unsecured business credit card depend on several factors. These include your payment history and credit score as well as your payment history.
Rewards programs are another thing to look for in business credit cards. This card offers rewards, though the rewards are not as great as other cards. One point is awarded for every dollar spent by applicants who have excellent credit. Cardholders with a low credit score should search for cards that allow them to earn points or cash back.
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. This card is not a reward card. However, it does offer a 0% intro interest rate balance transfer offer for the first 12 months. It offers auto rental collision damage insurance as well as reports to multiple credit bureaus. It does not offer cash back and rewards programs. However, there is a 5% balance transfer fee as well as a 3.3% foreign transaction fee.
The company regularly reviews accounts and checks recent credit history. You can also get secured business cards. You can upload an image of your business to this credit card. 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.