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Wells Fargo Business Secured review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
15.9% (Variable)
Interest Rate: Purchases
15.9% (Variable)
Balance Transfer
Balance Transfer
Signup Bonus
Signup Bonus

Informr score
The Wells Fargo Business Secured currently has an Informr score of 7.1 out of 10. This score is based on our evaluation of 6 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...


Small 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...

- Cynthia Bowman, ZDNet

The Wells Fargo Business Secured Credit Card lets you earn rewards while you build business credit. Best of all, there’s no annual fee.

- Holly Johnson,
Fit Small Business
Fit Small Business

The 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...

- Benilyn Formoso - Suralta, Fit Small Business

If 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...

- Kat Tretina, Investopedia
The Balance
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


Interest Rates
Regular APR Interest Rate 15.9% (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 24.74% (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


Sign up bonus No
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

$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

Minimum Security Deposit $500
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments -
Terms & Conditions Official Terms & Conditions
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