The Wells Fargo Business Secured Credit Card* is the only secured card option this bank offers and one of the few secured cards for businesses available. You’ll need to put down a cash deposit as collateral, but you can build credit and earn rewards on all your spending.
Rewards: 1.5% cash back per dollar spent on qualifying purchases or earn 1 point per dollar and receive 1,000 bonus points when the company spend is $1,000 or more in any monthly billing period
Welcome Offer: This card does not offer a welcome bonus
Annual Fee: $0
Other Benefits and Drawbacks: If you need a business credit card and your credit isn’t in perfect shape, then this secured business credit card could be a good fit. There’s no annual fee and you can qualify for up to 10 employee cards. You may qualify for a line of credit between $500 and $25,000 and you’ll have an opportunity to repair credit over time through responsible use.
With this card’s reward structures, you can earn flat-rate cash back with this card or you can earn points good for gift cards, merchandise, travel and more instead. One quirk to be aware of: You can only apply for this card online. Applications are not accepted in-branch.