Ad Disclosure

Secured Business Credit Cards

As a small business owner with damaged credit, one of the biggest struggles you’ll face is finding a credit card with a big enough credit line for company expenses. A secured business credit card solves that problem, allowing business owners to set their own spending limits by placing a refundable security deposit that doubles as their credit line.

The security deposit is important because it protects issuers from the possibility of default and thereby allows you to qualify for most secured business credit cards regardless of your credit history or how much disposable income you have. Secured cards thus provide…show more

    3 320 reviews

    Primor® Secured Visa Gold Credit Card


    primor secured gold credit card
    • Secured Credit Card Min Deposit of $200
    • One-Time Fees None
    • Regular Rate 9.99%
    • Annual Fee $49
    • Monthly Fee None
    • Minimum Credit Bad
    3 114 reviews

    Primor® Secured Visa Classic Credit Card


    primor credit card
    • Secured Credit Card Min Deposit of $200
    • One-Time Fees None
    • Regular Rate 13.99%
    • Annual Fee $39
    • Monthly Fee None
    • Minimum Credit Bad
    3.5 1,939 reviews

    Open SkySM Secured Visa® Credit Card


    open sky credit card
    • Secured Credit Card Min Deposit of $200
    • One-Time Fees None
    • Regular Rate 17.5% (V)
    • Annual Fee $29
    • Monthly Fee None
    • Minimum Credit Bad
    • Rewards Details
    • Additional Info
    • Build Your Credit, with monthly updates to all 3 credit bureaus.
    • Control Your Finances, start with a security deposit and credit line as low as $200.
    • Extra Credit When You Need It, increase your credit line up to $5000.
    • Avoid paying interest, no interest charged on new purchases if the balance is paid in full by the due date each month.
    • Easy funding options, with 4 ways to fund and NO checking account needed.
    • After your Account is open for one year or more Capital Bank will charge you a Credit Limit Increase Fee of $25.00 each time you add Deposit Funds and increase the Credit Limit and a Credit Limit Decrease Request Fee of $25.00 each time you request a reduction in your Credit Limit.
    • Apply in less than 5 minutes.
    • See All Reviews & Details About The Open SkySM Secured Visa® Credit Card
    3 1,433 reviews

    First Progress Platinum Select MasterCard® Secured Credit Card


    first progress secured credit card
    • Secured Credit Card Min Deposit of $300
    • One-Time Fees None
    • Regular Rate 14.99% (V)
    • Annual Fee $39
    • Monthly Fee None
    • Minimum Credit Bad
    • Rewards Details
    • Additional Info
    • Full-feature Platinum MasterCard secured credit card.
    • No credit history or minimum credit score required for approval.
    • Monthly reporting to all 3 major credit bureaus to help build credit.
    • Set your own credit limit, which is secured by your deposit of $300 - $2,000.
    • Deposit held at FDIC-insured bank.
    • 24/7 access to your account online.
    • The First Progress Platinum MasterCard Secured Card requires no credit history or minimum credit score for approval, but the refundable security deposit must be provided before a card can be issued. The new CARD Act regulations also require all credit card issuers to verify the identity of every applicant before approval. We can usually complete this identity verification using fast, automated methods, but it is sometimes necessary for us to contact an applicant in order to verify his or her identity. Applicants will receive their cards more quickly if they respond promptly to our call or letter relating to this verification process. Virtually every applicant who successfully provides the refundable security deposit and passes the identity verification step will be approved for the card. If you have applied for the card and have a question or want to check the status of your application, please call First Progress toll-free at (888) 403-4783.
    • Receive your card more quickly with new Expedited Processing option.
    • See All Reviews & Details About The First Progress Platinum Select MasterCard® Secured Credit Card
    3 569 reviews

    First Progress Platinum Prestige MasterCard® Secured Credit Card


    first progress mastercard secured credit card
    • Secured Credit Card Min Deposit of $300
    • One-Time Fees None
    • Regular Rate 11.99% (V)
    • Annual Fee $44
    • Monthly Fee None
    • Minimum Credit Bad
    • Rewards Details
    • Additional Info
    • No credit history or minimum credit score required for approval.
    • Monthly reporting to all 3 major credit bureaus to help build credit.
    • Deposit held at FDIC-insured bank.
    • Set your own credit limit, which is secured by your deposit of $300 - $2,000.
    • The First Progress Platinum MasterCard Secured Card requires no credit history or minimum credit score for approval, but the refundable security deposit must be provided before a card can be issued. The new CARD Act regulations also require all credit card issuers to verify the identity of every applicant before approval. We can usually complete this identity verification using fast, automated methods, but it is sometimes necessary for us to contact an applicant in order to verify his or her identity. Applicants will receive their cards more quickly if they respond promptly to our call or letter relating to this verification process. Virtually every applicant who successfully provides the refundable security deposit and passes the identity verification step will be approved for the card. If you have applied for the card and have a question or want to check the status of your application, please call First Progress toll-free at (888) 403-4783.
    • Receive your card more quickly with new Expedited Processing option.
    • See All Reviews & Details About The First Progress Platinum Prestige MasterCard® Secured Credit Card
    3.5 38 reviews

    Wells Fargo® Business Secured Credit Card


    wells fargo business secured card
    • Secured Credit Card Min Deposit of $500
    • One-Time Fees N/A
    • Regular Rate 13.15% (V)
    • Annual Fee $25
    • Monthly Fee None
    • Minimum Credit Bad
    • Rewards Details
    • Additional Info
    • You provide $500 to $25,000 to fund your business secured credit card. Your credit line will directly reflect the amount of your deposit.
    • Enroll in the Wells Fargo Business Card Rewards® program and earn rewards for every dollar you and your employees spend. A $50 annual fee covers all cards assigned to the business. The fee is waived for the first year for new Wells Fargo Business Secured Credit Card customers.
    • Zero Liability.
    • Overdraft Protection: Cover insufficient funds in your Wells Fargo business checking account with funds from your Wells Fargo Business Secured Credit Card by linking the two.
    • MasterRental® Insurance Coverage: Get full-value primary loss coverage (up to $50,000) and secondary personal effects coverage for rental vehicles.
    • Track and organize spending with a Business Spending Report. Monitor spending patterns, categorize card transactions, and set monthly goals.
    • See All Reviews & Details About The Wells Fargo® Business Secured Credit Card
    2.5 112 reviews

    BBVA Compass Business Secured Credit Card


    bbva compass business secured credit card
    • Secured Credit Card Min Deposit of $500
    • One-Time Fees None
    • Regular Rate 16.24% (V)
    • Annual Fee None 1st yr, $40 after
    • Monthly Fee None
    • Minimum Credit Bad
    • Rewards Details
    • Earn 1 CompassPoint for every $1 you spend on qualifying purchases
    • Redemption options – Redeem for cash back, account credits, gift cards, exciting travel options and name brand merchandise
    • Combine points – When you have multiple BBVA Compass cards, you can combine – so you’re able to reach the rewards you want faster
    • Free Enrollment – As a cardholder you are automatically enrolled with no additional fee
    • Build Your Own Rewards with CompassPoints®
    • Earn 3 points on office supply stores, restaurants or travel purchases and 2 points on gas stations, home improvement stores or utilities purchases.
    • Shop with your enrolled Visa® business credit card at participating merchants and save up to 15%
    • Save up to 30% on a variety of products and services from QuickBooks
    • Additional Info
    • Before applying for the Business Secured Credit Card, you must open a Secured Credit Card Savings Account. The minimum opening deposit is $500. You can make deposits at any time in $100 increments
    • Available Credit – Your available credit will be 90% of your savings account balance. You can add funds to your account to increase your credit limit
    • Manage your account at your convenience, view up to 6 months of past account statements available to download, and more
    • Manage employee business expenses with online tools that will help control, monitor and track card spending trends
    • Integrate expense data and reports with accounting software packages
    • Add employee cards to your account at no additional cost. You can set individual spending limits for each employee, and their purchases will be itemized on your statement for easy recordkeeping
    • Visa Liability Waiver Program – Visa Liability Waiver protects you against eligible losses that might be incurred through card misuse by a terminated eligible cardholder up to $100,000
    • 24/7 Fraud Alerts – BBVA Compass monitors your account for unusual activity around the clock, and we’ll contact you to verify any transactions that seem out of line
    • Experienced customer service representatives – BBVA representatives are specially trained to work with business owners and are available to help with any questions you may have. Just call them toll-free at 1-800-316.0207
    • See All Reviews & Details About The BBVA Compass Business Secured Credit Card
    X
    Credit Score
    Excellent Credit 721 – 850
    Good Credit 661 – 720
    Fair Credit 620 – 660
    Bad Credit 300 – 619
    Limited Credit Less than 3 years
    of credit history

    Not sure?
    Try our free credit check. It takes 20
    seconds and doesn't require personal info.

    Free Credit Check
    I Want


     
    Based on your other criteria:
    No cards have a Regular
    Rate below %.
     

    Credit Card Networks


    Fewer Filters
    Balance Transfer Fee?



    Foreign Transaction Fee?



    Smart Chip Technology

    Suggested Credit Card Pages Recently Viewed Credit Cards
    • None

    Community Discussion

    Ask a question or help others find the best credit card by sharing some tips.

     
    Jul 14, 2015
    By:
    You should absolutely go for the Open Sky credit card.

    It is a pretty revolutionary card in this space-- getting a % cash back on everything with no monthly fee is unheard of.

    Your first card should be one that you will keep open basically forever in order to build up the longevity of your credit history. It's super important that the card has no monthly fee for this reason.
    Jul 14, 2015
    By:
    A secured business card can definitely help out your credit score. My credit was not great and then I got one, it made it very simple to start building my score back up again. I would highly recommend these cards to anyone trying to build or repair their credit.
    Jun 2, 2015
    By:
    These cards are good for business owners because they make transactions far more efficient and easier to conduct. I rely on these and they make things so much easier. I have to say, without these such activities would be a lot harder. I'm glad I can rely on such cards because as a business owner, it's hard enough.
    Jun 1, 2015
    By:
    I'm a business owner, and I think secured business cards are great. My credit score was pretty bad, and I'm slowly getting points back. It's very nice. However, the fees are very high... Overal, I think that secured cards are better for rich people.
    Oct 22, 2014
    By:
    I think a secured business credit card can help business owners improve their credit scores. It helps you build credit. I’ve tried the Wells Fargo Business Secure Credit Card. The minimum deposit is $500 which isn’t too bad for a business card.
    May 20, 2014
    By:
    Is it possible? Yes, if you have lots of money, but if you had lots of money your score probably wouldn’t be bad enough to need a secured card. Business secured cards are far less kind with their terms than personal secured cards. This makes it harder to improve your credit score because you will have to pay amounts you possibly can’t afford. In my experience the annual fee is usually 4-6 times as much for business cards than personal cards. The card companies can offer such high fees and rates because there is very little competition in the secured business card market.
    May 6, 2014
    By:
    When I first started my business my credit score was less than perfect. I got a secured credit card and it helped me with my credit score. As my business made more profit, I paid more on the card and got a higher limit. After a few months of using the card, and repaying it, my credit score went up several points.
    Credit Cards Prepaid Cards Gift Cards Tools