Secured Business Credit Cards

A Vital Step in Your M.A.G.I.C. Business Credit Journey

How Secured Business Credit Cards Work

Why Use a Secured Business Credit Card?

Where to Apply for Secured Business Credit Cards

1. Wells Fargo Secured Business Credit Card

Offers credit lines based on your deposit and reports to business credit bureaus.

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2. BBVA Secured Business Credit Card

Designed for businesses with limited credit history, requiring a refundable deposit.

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3. First National Bank Secured Visa Business Credit Card

Offers flexible limits based on your deposit and reports payment activity to business credit bureaus.

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4. Bank of America Business Advantage Unlimited Cash Rewards Secured Card

Earn 1.5% cash back on all purchases with a minimum deposit of $1,000.

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5. Capital One Secured Mastercard

Offers flexible security deposits and regular reporting to credit bureaus.

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6. American Express Secured Business Credit Card

Various business cards available, including secured options for establishing credit.

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7. Brex Corporate Card for Startups

Corporate card without personal guarantees, ideal for startups building credit based on cash flow.

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8. Divvy Business Credit Card

Secured card option with flexible limits and expense management tools.

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9. BlueVine Business Line of Credit

Line of credit based on your business's financial health, an alternative to traditional credit cards.

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10. Stripe Corporate Card

Corporate card for startups, helping build credit based on cash flow rather than traditional credit scores.

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Moving Forward

Secured business credit cards are powerful tools for new or growing businesses. They help you build your credit profile while managing business expenses. After six to twelve months of consistent on-time payments, many issuers will allow you to transition to an unsecured credit card, refunding your deposit and increasing your credit limit.

With these cards, you can strategically manage business expenses, build a positive credit history, and eventually unlock more favorable financing opportunities. Remember, responsible use is key to maximizing the benefits of these financial tools and advancing your journey towards economic freedom.

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