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...
- Cynthia Bowman, ZDNetSmall businesses who are struggling with establishing a credit history that's independent from the owners' could find the Wells Fargo Business Secured Credit Card beneficial. Use the card strategically; your company may qualify for an unsecured business credit card after a period of on-time payments...
- Holly Johnson, CreditCards.comThe Wells Fargo Business Secured Credit Card lets you earn rewards while you build business credit. Best of all, there’s no annual fee.
- Benilyn Formoso - Suralta, Fit Small BusinessThe Wells Fargo Business Secured Card is best for business owners who need to build or improve their business credit while earning fixed-rate cash back or rewards points for all spending. While it helps build business credit by reporting to the SBFE, Wells Fargo doesn’t report payment and usage acti...
- Kat Tretina, InvestopediaIf you’re a small business owner who's looking to establish credit for your business, the Wells Fargo Business Secured card offers a decent solution. Its rewards program allows you to earn cash back or rewards points, and using the card responsibly, by staying within your credit limit and making you...
- 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...
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 | $0.00 |
| 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.
|
| Features & Benefits | |
| Additional Card Holders |
$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 |
| Virtual Cards | No |
| Additional Benefits |
Overdraft Protection |
| Eligibility | |
| Minimum Security Deposit | $500 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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