Is there a secured business credit card from American Express? This question is about American Express Credit Cards

Is there a secured business credit card from American Express?

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This question is about American Express Credit Cards

Robert Sambrick, WalletHub Analyst

@robsam • 09/13/21 This answer was first published on 10/03/19 and it was last updated on 09/13/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No, there is no secured business credit card from American Express. Amex doesn’t offer secured consumer credit cards either. In fact, the easiest American Express credit cards to get require at least good credit for approval.

However, Amex is not the end of the road for those who want a secured business credit card. You can check out our editors’ latest picks for the best business secured credit cards on the market and see which one better suits your needs.

At this point, it is also worth noting that having a secured business credit card can help if you’re trying to build your business’s credit history. Keep in mind, though, that business credit reports aren’t as influential as personal reports.

Here's what you can get instead of a business secured credit card:

Secured business credit cards are an option for business owners with bad credit or limited credit history. But business owners don’t need to get a secured business credit card for company expenses. You’ll find lots more secured credit card offers for individuals than businesses. Personal secured credit cards also generally come with lower minimum deposits than secured business cards, and the best ones have no annual fee.

Having said that, you might want to check out some of the best secured consumer credit cards out right now.

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Here are some of the best secured credit cards:

Beginners Citi® Secured Mastercard®
Partially Secured + Rewards Capital One Quicksilver Secured Cash Rewards Credit Card
No Credit Check OpenSky® Secured Visa® Credit Card

Keep in mind that, with secured cards, the deposit usually serves as the spending limit on the card, and the issuer can keep the deposit if the cardholder fails to repay what they owe. As a result, secured credit cards are relatively easy to get approved for.

Ultimately, it is worth noting that using a secured card responsibly can help you eventually build your credit to the point where you can qualify for a credit card from American Express.

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What is the easiest business credit card to get?

The easiest business credit card to get is the Wells Fargo Business Secured Credit Card because it accepts applicants with bad credit. The Wells Fargo Business Secured Credit Card also has a $0 annual fee and rewards cardholders with 1.5% cash back on all purchases. A minimum security deposit of $500 is required, though.… read full answer

In general, the easiest credit cards for a business to get require bad-to-fair credit for approval. It’s also worth noting that while you must have a business to get most of these cards, your personal credit history matters a lot more than your company’s credit standing.

Easy Approval Business Credit Cards

Limited credit Capital One® Spark® Classic for Business
Bad credit Wells Fargo Business Secured Credit Card
Startups Brex Corporate Card for Startups
Store purchases Staples® Business Credit Card
No credit check OpenSky® Secured Visa® Credit Card

As you can see, there are a few easy approval business credit cards available, so you shouldn’t let limited or damaged credit prevent you from getting the card your business needs. And remember, if you pay your bills on time and keep your credit utilization ratio low, your credit should steadily improve over time.

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