Wells Fargo Business Secured review

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Advertiser Disclosure

Interest Rate: Purchases
16.9% (Variable)
Balance Transfer
-
Rewards
-
Signup Bonus
-


6/10
Informr score
The Wells Fargo Business Secured currently has an Informr score of 6 out of 10. This score is based on our evaluation of 2 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Wells Fargo Business Secured is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA
Yes Provide a minimum security deposit of $500.

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...


The Balance

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...

- Dawn Papandrea, The Balance
Finder

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.

- Finder

Details


Interest Rates
Regular APR Interest Rate 16.9% (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 25.74% (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
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Additional comments
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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.

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Critic Reviews


The Balance

Path to unsecured credit, get rewards while you rebuild

from The Balance

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!

Read full review

Less

Finder

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.

Read full review

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.

Read full review

Less

User Reviews


Darn, there are no reviews yet for this credit card. Be the first to write a review.