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.
No, there is no American Express secured credit card that is available to new applicants. American Express only offers unsecured credit cards, which do not require the cardholder to put down a refundable deposit in order to open the account. However, there are several secured credit cards from other issuers to consider.… read full answer
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.
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.
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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