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 you have isn't used for the credit card.
Wells Fargo Business Credit Card
The Wells Fargo Business Secured Credit Card makes a great choice for business credit cards. The card comes with no foreign transaction fees and has an annual card fee. Unlike other business credit cards, you can also choose to have automatic payments or overdraft protection. The card's rewards and features are also flexible.
This card is a great way to establish a credit history for the company. The card does not require a FICO score. It also does not report to any personal credit bureaus. Instead, it reports 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. 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. It should only be used to make purchases, and not for payments on balances, due to its high interest rate.
Wells Fargo Business Visa Credit Card Secured
There are many benefits to this credit card for business owners. The card has no annual fees and is exempt from foreign transaction fees. There are many other benefits such as autopay, online account management and overdraft protection. Frau monitoring is also available. The $0 fraud liability is another perk, but they aren't all you should 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.
The rewards program is another feature you should look for when choosing a business credit line. This card offers rewards, though the rewards are not as great as other cards. One point can be earned per dollar for applicants with excellent or great credit. A card that offers cash back or points is best for those with a smaller credit profile.
Wells Fargo Secured Visa Credit Card
A Wells Fargo Secured Visa Credit Card is a good choice if you're looking for a credit line that doesn’t require high credit scores. The card offers great rates and has a low annual cost. 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 also provides auto rental collision insurance and reports to multiple creditors bureaus. It doesn't offer cash back or rewards programs. However, it charges a balance transfer fee (5%) and a foreign transaction fees (3%).
The company checks credit history and reviews accounts on a regular basis. It also features "Secured business cards". The credit card allows users to upload images that represent their business. This image could be a logo, an image of your storefront, or even product lines. The card will display the uploaded image.