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Best secured business credit cards

If your credit isn’t great or you don’t have much of a credit history, a secured business card could be just the ticket


A secured business credit card can help you build credit while you get access to the assets you need to build your business. Find one that’s right for your company.

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If you have a business, it’s essential that you have the means to pay for assets to keep the company going.

But what if your credit isn’t good enough – or you don’t even have any credit history – to qualify for a business credit card?

You still have an option: a secured business card. These enable you to charge for things you need, just like personal cards, as well as build credit history and improve your credit score.

Below you’ll find a list of the best secured business credit cards to apply for if you’re light on credit or have made some mistakes with credit in the past. But first, learn more about what a secured business card is and how it works.

What is a secured business credit card?

Much like personal secured credit cards, secured business cards can help those with not-so-great credit – or no credit – get a card and even use it to build or establish credit.

Secured business cards require you to put down a refundable deposit that the card issuer can access if you default on your payments.

Business cards are important for companies. Not only can they help you keep your business and personal expenses separate, they can enable you to gain access to the resources you need to keep operating.

If you don’t have a high enough credit score to qualify for a mainstream business credit card, a secured one could be a great place to start.

When you get approved for a secured business card you’ll need to put down a deposit and, depending on the issuer, even link the card to your bank account so that what you spend can come out of it directly. If you learn how to use the card responsibly, you’ll not only improve your credit, you can get reimbursed for that deposit from the issuer.

Like most financial products, secured business cards come with pros and cons:


  • You can get one even if your credit isn’t great.
  • It can help you establish or rebuild your credit.
  • You can qualify even with poor credit.
  • You may have access to tools to help you track your spending.


  • You likely won’t have a very high credit limit.
  • You may pay a higher interest rate.
  • You will need to put down a deposit.
  • Many secured cards come with annual fees.

Now let’s take a look at the best secured business cards on the market and what they offer:

First Progress Platinum Select Mastercard® Secured Credit Card – Best for low interest rate

The First Progress Platinum Select Mastercard Secured Credit Card is a great choice if only for its low, 13.99% variable APR. You can use it just like a personal credit card and it comes with a $39 annual fee and refundable security deposit of at least $200 and up to $2,000. The card also has a foreign transaction fee of 3%.

Because the issuer reports to the three major credit bureaus, you can easily build credit if you manage your account properly. You won’t even incur a credit inquiry to get approved for the card. And even if you have a discharged bankruptcy, you still won’t be declined.

Once you get your card, you’ll have free access to Experian’s credit monitoring service and real-time access to your credit score. In addition, you’ll receive:

  • Auto rental insurance
  • Price protection
  • Zero fraud liability

OpenSky® Secured Visa® Credit Card – Best for bad credit

If you have a poor credit score and want to build credit, the OpenSky Secured Visa Credit Card might be for you. It does not require a credit check and it comes with a $35 annual fee and an APR of 17.39%. There is a minimum $200 security deposit with this Visa and you can apply in just a few minutes.

You won’t get any rewards with the OpenSky Visa but according to the website, “more than 600,000 people have used OpenSky to help build their credit.” It reports to all three major credit bureaus and you can raise your score by making on-time payments. Plus, you can use the mobile app to make sure you’re on track.

Wells Fargo Business Secured Credit Card* – Best for no annual fee

The Wells Fargo Business Secured Credit Card is unusual among business secured cards because it gives cardholders 1.5% cash back for every $1 they spend on purchases (enrollment required), plus 1,000 bonus points every billing cycle when you spend at least $1,000 on qualifying purchases.

You can credit your cash back to your account automatically or an eligible bank account each quarter. Note that rewards points expire within three years, so don’t let them sit too long.

Aside from the rewards, this card’s APR of 15.15% (11.90% plus the U.S. prime rate) is low, and you can get from a $500 to a $25,000 credit line, depending on how much of a deposit you make. There is no foreign transaction fee or annual fee.

You’ll also get access to Wells Fargo Business Online to help you manage your account, and you can use its Business Spending Report to manage your expenses. The card has no foreign transaction fee. You can also help protect your company with these features:

  • Zero fraud liability
  • Fraud monitoring
  • Purchase assurance
  • Rapid alerts

First National Bank of Omaha Business Edition Secured Visa Card: Best for high credit limit

With the First National Bank of Omaha Business Edition Secured Visa Card you can get a credit limit from $2,000 to $100,000, subject to credit approval (and your security deposit must be 110% of your credit limit amount). In addition, you’ll earn 0.05% annual APY on your security deposit account balance.

This card comes with an APR of 20.24% and an annual fee of $39. It won’t earn you any rewards but if you need a high credit limit and have the cash upfront to get one, it could be a great card for your company.

Right now, however, it’s available only in Colorado, Iowa, Illinois, Kansas, Nebraska, South Dakota and Texas . Here are some other perks that come with the FNBO secured business card:

  • Free management reports
  • Zero fraud liability
  • Automatic discounts from participating merchants on qualifying purchases with Visa SavingsEdge

Bottom line

If you own a business and don’t have a dedicated credit card for it, it’s time to get one.

If your credit doesn’t enable you to get an unsecured card, consider applying for a secured business card. There are many options to choose from and some even give you rewards.

When you get a secured business card, it’s crucial to remember you’re trying to build your credit, so make sure you pay on time each and every month. That way, you’ll likely be able to graduate to an unsecured card in the near future.

* All information about the Wells Fargo Business Secured Credit Card has been collected independently and has not been reviewed or approved by the issuer.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

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