Chip Lupo, Credit Card Writer
@CLoop
Yes, Bank of America offers one secured business credit card, the Business Advantage Unlimited Cash Rewards Secured credit card. This card requires a security deposit of at least $1000 to open the account, has an annual fee of $0 and is available to business owners with bad credit. Below, you can learn more about the Business Advantage Unlimited Cash Rewards Secured credit card.
Key Facts About the Bank of America Secured Business Card
- Minimum security deposit: $1000
- Annual fee: Business Advantage Unlimited Cash Rewards Secured credit card
- APR: 26.74% (V)
- Rewards: 1.5% cash back
For more options, check out WalletHub’s editors’ picks for the best secured business credit cards overall. It’s also fine to use a secured personal credit card for business purposes, though you should avoid mixing personal and business purchases on the same card.
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People also ask
Can I apply for the Bank of America Secured credit card as a business?
No, you cannot apply for the BankAmericard Secured as a business as this is a consumer credit card and not a business credit card. You can, however use this card for business expenses.
The Credit Card Act of 2009 clearly differentiates general consumers from businesses. While many issuers will extend some consumer protections to small businesses as a courtesy, that doesn't mean you can apply for a consumer credit card as a business.
If you are specifically looking...
read full answer by Sydney Garth, Credit Cards ModeratorDoes Bank of America offer secured business credit cards?
Yes, Bank of America offers one secured business credit card, the Business Advantage Unlimited Cash Rewards Secured credit card. This card requires a security deposit of at least $1000 to open the account, has an annual fee of $0 and is available to business owners with bad credit. Below, you can learn more about the Business Advantage Unlimited Cash Rewards Secured credit card.
Key Facts About the Bank of America Secured Business Card
- Minimum security deposit: $1000
- Annual fee: Business Advantage Unlimited Cash Rewards Secured credit card
- APR: 26.74% (V)
- Rewards:...
What banks offer secured business credit cards?
First National Bank of Omaha and Bank of America are among the banks that offer secured business credit cards. However, it is worth noting that secured business credit cards are pretty rare. Banks are far more likely to offer general-consumer secured cards or unsecured business credit cards.
Banks That Offer Secured Business Credit Cards
- First National Bank of Omaha:
- First National Bank of Omaha:
- First National Bank of Omaha:
- Bank of America:
- Bank of America:
- Bank of America:
- First National Bank of Omaha:
- Bank of America:
Even though there are so few banks that offer secured business credit cards to small business owners with bad credit, that doesn’t mean those...
read full answer by Chip Lupo, Credit Card WriterDid we answer your question?
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