Minimum Credit Score Needed 
Bad
BBVA Compass Business Secured Credit Card
Minimum. Security Deposit:
$500
$500
By:
BBVA Compass
Info about the BBVA Compass Business Secured Credit Card has been collected by WalletHub to help consumers better compare . The financial institution did not provide the details.
BBVA Compass Business Secured Credit Card's Rewards
- Earn 3x points at office supply stores and 2x points at gas stations and restaurants.
- Earn 1 point for every $1 in purchases.
- Redemption options – Redeem for cash back, account credits, gift cards and travel options.
BBVA Compass Business Secured Credit Card's Key APRs & Fees
-
ONE-TIME FEES
None
-
ANNUAL FEE
None 1st yr, $40 after
-
MONTHLY FEE
None
-
REGULAR RATE
17.74% (V)
-
GRACE PERIOD
20 days
BBVA Compass Business Secured Credit Card's Highlights
- Before applying for the Business Secured Credit Card, you must open a Secured Credit Card Savings Account. The minimum opening deposit is $500. You can make deposits at any time in $100 increments
- Your available credit will be 90% of your savings account balance. You can add funds to your account to increase your credit limit.
- Add employee cards to your account at no additional cost. You can set individual spending limits for each employee, and their purchases will be itemized on your statement for easy recordkeeping.
- Keep your business expenses separate from personal expenses to make it easier to track spending and prepare your taxes.
- Enroll your Visa® Business Rewards Credit Card with Visa SavingsEdge and shop at participating merchants to save up to 15%.
- Card only available in Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico.
BBVA Compass Business Secured Credit Card's Additional Info
-
MAX LATE FEE
$49
-
MAX OVERLIMIT FEE
$39
-
MAX PENALTY APR
28.74% (V)
-
FOREIGN TRANSACTION
FEE
3%
-
SMART CHIP
Yes, chip-and-PIN
-
CASH ADVANCE APR
26.74% (V)
-
CASH ADVANCE FEE
4% (min $10)
at BBVA Compass' secure site
Customer Questions and Answers
Don't see what you're looking for? Submit your question about BBVA Compass Business Secured Credit Card to our community.
Does the BBVA Compass Business Secured card help build business credit? Reply 85
WalletHub
@WalletHub
The BBVA Secured Business card helps you build business credit.
Certain credit bureaus provide business credit scores, however, it's important to note that financial institutions consider a small business owner's personal credit standing to be far more important than that of his or her company and typically report business credit card account information to a cardholder's personal credit reports as well as to those of his or her business.
Banks simply consider a small business owner's personal and company finances to be intertwined, especially since business owners are held personally liable for business card debt. Nevertheless, a business credit card will likely help you improve both your personal and business credit standing.
8
Upvotes
Does the BBVA Compass Business Secured card report to Dun & Bradstreet? Reply 4
Ben Chaplan
@ben_chaplan
No, I tweeted them because I had the same question and unfortunately they replied that they do not currently report to Dun & Bradstreet.
4
Upvotes
What is the maximum amount you can deposit for the BBVA Compass Business Secured Credit Card? Reply 42
WalletHub
@WalletHub
There is not a maximum amount that you can deposit on the BBVA Compass Business secured credit card. When you deposit more, your credit limit will increase by the same amount.
The minimum initial deposit is $500 and you can make deposits at any time in $100 increments.
4
Upvotes
How can I qualify for BBVA Compass Secured card graduation? Reply 1
MICHAEL BATTLE
@mikebattle
You can qualify for BBVA Compass secured credit card graduation after 1 year of owning the card, if you have a clean payment record.
After the period elapses, they may offer you the possibility to graduate to one of their unsecured credit cards. At that point, they will refund your security deposit.
1
Upvote
Do you report to the major business credit bureaus? Reply 1
Sydney Garth
@sydneygarth
Yes. You can find more details here: https://www.langleyfcu.org/disclosures/documents/visacc-disclosure.pdf.
1
Upvote
Does the BBVA Compass Business Secured card pull your personal credit for an applcation? Reply 1
Alex Friar
@friar_alex
The BBVA Compass Business Secured card will use your personal credit for underwriting, but it's deisgned for people with bad credit, so the approval requirements will be more lenient.
0
Upvotes
BBVA Compass Business Secured Credit Card Reviews
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Last updated on: November 5th, 2019 at 08:40
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Nov 5th, 2019 at 08:40 ET