Here are some tips to help you apply for a business secured card. Transfer the money from your business bank account. The money will not be used to pay the credit card, but it will serve as your backup in case you are unable to.
Wells Fargo Business Secured Credit Card
The Wells Fargo Business Secured Credit Card, which is a credit card for businesses, is a great option. It features no annual card fee and no foreign transaction fees. Unlike other business credit cards, you can also choose to have automatic payments or overdraft protection. This card is also very flexible when it comes to rewards and features.
This card can help you build a strong credit history for your business. It does not use a FICO score and does not report to the personal credit bureaus, but 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. Once you've established a good track record, you may be able to increase 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. 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. The card has no annual fees and is exempt from foreign transaction fees. 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.
Wells Fargo guarantees that the card's purchase insurance guarantee will cover any damage to your purchase within six months. The bank will also periodically review your credit history and accounts. You will need to consider your payment history, credit score, and payment history before you can be approved for an unsecured small business credit card.
The rewards program is another feature you should look for when choosing a business credit line. 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. People with a very low profile should consider a card that will allow them to earn points and cash back.
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. This card is a good choice because it offers low annual fees and excellent rates. While it is not a reward card, it does offer a 0% intro APR balance transfer offer for the first 18 months. It also provides auto rental collision insurance and reports to multiple creditors 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. The company also offers "Secured Business Cards", which is an interesting feature. This credit card allows the upload of an image that represents your business. You can upload a logo or a picture of your shopfront or even a product range. Once the image is uploaded, it will be displayed onto the card.