So our editors compared both kinds of offers to identify the best secured credit cards for small business owners of all types. You can find their selections listed by main feature below.
Here are 2017’s best secured business credit cards:
|Best Secured Business Credit Card For…||Card Name||One-Time Fee||Annual Fee||Minimum Deposit||Editors’ Rating|
|Business Features||Wells Fargo® Business Secured Credit Card||N/A||$25||Min Deposit of $500||N/A|
|Rewards||BBVA Compass Business Secured Credit Card||N/A||None 1st yr, $40 after||Min Deposit of $500||N/A|
|International Travel||Capital One® Secured Mastercard®||N/A||None||Min Deposit of $49, $99 or $200||5.0 / 5|
|Recent Bankruptcy||OpenSky® Secured Visa® Credit Card||N/A||$35||Min Deposit of $200||4.0 / 5|
Your goal in finding a secured business credit card, other than minimizing refundable fees, should be to graduate to a higher credit tier and a better offer as quickly as possible. To do that, you must use your card responsibly – by making on-time payments and keeping your credit utilization low – and keep tabs on your credit score.