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 Key APRs & Fees
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ONE-TIME FEES
None
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ANNUAL FEE
None 1st yr, $40 after
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MONTHLY FEE
None
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REGULAR RATE
18.24% (V)
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GRACE PERIOD
20 days
BBVA Compass Business Secured Credit Card's Rewards
- Earn 1 point for every $1 in Qualifying Purchases, plus get 2X or 3X the CompassPoints® when you make purchases in categories you select with Build Your Own Rewards.
- Choose from categories including office supplies, utilities, groceries, gas, travel, and healthcare.
- Redemption options – Redeem for cash back, account credits, gift cards and travel options.
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.
- Card only available in Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico.
BBVA Compass Business Secured Credit Card's Additional Info
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MAX LATE FEE
$49
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MAX OVERLIMIT FEE
$39
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MAX PENALTY APR
29.24% (V)
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FOREIGN TRANSACTION
FEE
3%
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SMART CHIP
Yes, chip-and-PIN
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CASH ADVANCE APR
27.24% (V)
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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.
Is there a BBVA secured business credit card? Reply 1
Lawrence Stone
Jun 18, 2018 · @lawrence50
Yes, there is a BBVA secured business credit card, called the BBVA Compass Secured Visa Business Card. It requires a deposit of at least $500 and does not charge an annual fee the first year your account is open ($40 after). You also get 1-3 rewards points per $1 spent.
1
Upvote
Do you pull personal credit for this card? Reply
Alex Friar
Feb 28, 2018 · @friar_alex
Yes, since it's for bad credit, they'll use personal credit for underwriting.
0
Upvotes
Does BBVA credit card report to Dun & Bradstreet? Reply 1
Ben Chaplan
Feb 25, 2018 · @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.
1
Upvote
Do you report to the major business credit bureaus? Reply 1
Sydney Garth
Jan 30, 2018 · @sydneygarth
Yes. You can find more details here: https://www.langleyfcu.org/disclosures/documents/visacc-disclosure.pdf.
1
Upvote
what is the max amount I can put on the card Reply 42
WalletHub
Mar 18, 2015 · @WalletHub
There is not a maximum amount that you can deposit on this secured credit card. The more money you put on your card, the more your credit limit will increase.
4
Upvotes
Does this card help build the business credit as well? Reply 71
WalletHub
Oct 22, 2013 · @WalletHub
Certain credit bureaus track corporate credit history and provide business credit scores. A business credit card such as the BBVA Compass Business Secured Card would therefore help build your company's credit standing. 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.
7
Upvotes
BBVA Compass Business Secured Credit Card Reviews
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Last updated on: October 10th, 2018 at 13:54
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 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: Oct 10th, 2018 at 13:54 ET