Here are some tips to help you apply for a business secured card. The amount must be transferred from your existing business bank account. The money you have isn't used for the credit card.
Wells Fargo Business Credit Card Secured
The Wells Fargo Business Secured Credit Card can be a good choice if you are looking for a business credit card. The card comes with no foreign transaction fees and has an annual card fee. Like other business credit card, you can have automatic payments or overdraft coverage. This card also offers many features and rewards.
This card is a great option for building a good credit history for your company. This card does away with a FICO score. Also, it doesn't report to personal credit bureaus. But, it reports to 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. You may be eligible for an increase in your credit limit if you have a track record of good performance.
Among the benefits of this business credit card is the easy access to online account management. Cardholders have multiple accounts that can be managed from one location with the Wells Fargo Business Secured Credit Card. Due to the high interest rate, you should use it for purchases only, not balance payments.
Wells Fargo Business Secured Credit Card
The credit card has many benefits for business owners. First, there are no foreign transaction fees or annual fees. There are many other benefits such as autopay, online account management and overdraft protection. Frau monitoring is also available. A $0 liability for fraud is an additional perk. These are not the only benefits to be aware of.
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. 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.
A rewards program is another important feature that you should look out for in a business card. 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. 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
If you are looking for a credit card that doesn't require a high credit score, you might want to consider a Wells Fargo Secured Visa Credit Card. The card offers great rates and has a low annual cost. 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 collision damage insurance and reports to multiple credit bureaus. It doesn't offer cash back or rewards programs. However, the company charges a 5% balance transfer charge and a $3 foreign transaction fee.
The company periodically reviews accounts and checks for credit history. It also features "Secured Businesses Cards", an interesting feature. You can upload an image of your business to this credit card. This image could be a logo, an image of your storefront, or even product lines. Once the image is uploaded, it will be displayed onto the card.