Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- Dawn Papandrea, The BalanceFor business owners who need to establish or rebuild their credit, the Wells Fargo Business Secured Credit Card can give you a jumpstart, and it allows a much higher secured credit limit than similar cards. Even better, while you’re improving your business credit file, you get to earn unlimited cash...
- FinderDon’t let a lack of a business credit history or bad credit stop you from getting a business credit card. The Wells Fargo Business Secured Credit Card may be a solution to your business’s credit needs.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
16.65% (Variable) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
Balance Transfers Not Allowed |
| Cash Advance Interest Rate |
25.49% (Variable) This APR will vary with the market based on the Prime Rate. |
| Rates & Fees | |
| Annual Fee | $25.00 |
| Balance Transfer Fee | |
| Cash Advance Fee |
4% Minimum of $10, maximum $175 |
| Foreign Transaction Fee | $0.00 |
| Over Limit Fee | $0.00 |
| Late Payment Fee |
$50.00 Maximum |
| Promotions | |
| Sign up bonus | No |
| Rewards | |
| All Purchases | No |
| Restaurants | No |
| Gas | No |
| Groceries | No |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills | No |
| Additional Details |
Choose your rewards program between cash back and reward points. Cash back - Earn 1.5% for every $1 spent Reward points - Earn 1 point for every $1 spent - Receive 1,000 bonus points when your company spend reaches $1,000 in any monthly billing period. - Get a 10% bonus when you redeem points online. - Earn extra bonus points or discounts from Earn More Mall retailers |
| Features & Benefits | |
| Additional Card Holders |
Yes $25 annual fee per card |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | No |
| Extended Warranty | No |
| Purchase Protection | Yes |
| Zero Liability | Yes |
| No Foreign Transaction Fees | Yes |
| Emergency Assistance | No |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | No |
| Additional Benefits |
Overdraft Protection |
| Eligibility | |
| Minimum Security Deposit | $500 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | |
| Suggest a correction |
Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.
Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.
Use this card?
Help inform others by sharing your experience with Wells Fargo Business Secured
Rate It:
Critic Reviews
Path to unsecured credit, get rewards while you rebuild
For business owners who need to establish or rebuild their credit, the Wells Fargo Business Secured Credit Card can give you a jumpstart, and it allows a much higher secured credit limit than similar cards. Even better, while you’re improving your business credit file, you get to earn unlimited...More
For business owners who need to establish or rebuild their credit, the Wells Fargo Business Secured Credit Card can give you a jumpstart, and it allows a much higher secured credit limit than similar cards. Even better, while you’re improving your business credit file, you get to earn unlimited cash back or other types of rewards—your choice!
Aimed at businesses that have no credit history
Don’t let a lack of a business credit history or bad credit stop you from getting a business credit card. The Wells Fargo Business Secured Credit Card may be a solution to your business’s credit needs.
Don’t let a lack of a business credit history or bad credit stop you from getting a business credit card. The Wells Fargo Business Secured Credit Card may be a solution to your business’s credit needs.