Accepted Credit Score
Bad Credit
BBVA Compass Secured Visa® Business Credit Card
We're sorry, but the BBVA Compass Secured Visa® Business Credit Card may no longer be available to new applicants or we may no longer be able to obtain complete information related to this offer. For customer service call: 800-316-0207.
Below you can review the BBVA Compass Secured Visa® Business Credit Card and find the card's rates and fees according to our latest records, which may be outdated.
Alternatively you can compare the latest credit card offers and save money.
Minimum. Security Deposit:
$500
$500
Info about the BBVA Compass Secured Visa® Business Credit Card has been collected by WalletHub to help consumers better compare cards.
The financial institution did not provide the details.
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APRs |
REWARDS |
REVIEWS |
Q&A
|
CUSTOMER SERVICE INFO
Existing Cardholders
- Issuer's Customer Service: 800-316-0207
-
Issuer's Online Account Management
APRs |
REWARDS |
REVIEWS
Q&A | CUSTOMER SERVICE INFO
Q&A | CUSTOMER SERVICE INFO
Existing Cardholders
- Issuer's Customer Service: 800-316-0207
-
Issuer's Online Account Management
BBVA Compass Secured Visa® Business Credit Card's Rewards
- Earn 1.5 points for every $1 in purchases.
- Redeem points for an account credit or gift cards.
BBVA Compass Secured Visa® Business Credit Card's Key APRs & Fees
| ONE-TIME FEES
|
|---|
| None |
| ANNUAL FEE
|
| $0 1st yr, $40 after |
| MONTHLY FEE
|
| None |
| REGULAR RATE
|
|---|
| 16.24% (V) |
| GRACE PERIOD
|
| 20 days |
BBVA Compass Secured Visa® Business 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 Secured Visa® Business Credit Card's Additional Info
| MAX LATE FEE
|
$49 |
|---|---|
| MAX OVERLIMIT FEE
|
$39 |
| MAX PENALTY APR
|
27.24% (V) |
| FOREIGN TRANSACTION FEE
|
3% |
| SMART CHIP
|
Yes, chip-and-PIN |
-
CASH ADVANCE APR
25.24% (V)
-
CASH ADVANCE FEE
4% (min $10)
- Last updated on 6/29/2021
Related Credit Card Categories
BBVA Compass Secured Visa® Business Credit Card is related to the following categories:
Customer Questions and Answers
Don't see what you're looking for? Submit your question about BBVA Compass Secured Visa® Business Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card.
Does the BBVA Compass Business Secured card help build business credit? Reply 12votes6votes
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.
12
Upvotes
Does the BBVA Compass Business Secured card report to Dun & Bradstreet? Reply 7votes1votes
Ben Chaplan
@ben_chaplan
No, BBVA credit cards are not reported to Dun & Bradstreet. I tweeted them because I had the same question and they replied that they do not currently report to Dun & Bradstreet.
7
Upvotes
What is the maximum amount you can deposit for the BBVA Compass Business Secured Credit Card? Reply 7votes4votes
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.
7
Upvotes
Does the BBVA Compass Business Secured card report to all credit bureaus? Reply 3votesvotes
Evelyn Boros
@evelyn_boros
No, the BBVA Compass Secured Visa® Business Credit Card doesn’t report to the credit bureaus TransUnion, Experian, and Equifax at all. Being a business credit card, it will only report your activity to the business credit bureau Dun & Bradstreet on a monthly basis.
3
Upvotes
Is the BBVA Compass Business Secured card a credit card or a debit card? Reply 3votesvotes
Zachary Schmidt
@zac_schmidt
The BBVA Compass Business Secured Card is a credit card.
Unlike debit cards, credit cards report your financial activity to the credit bureaus on a regular basis. This way, if used responsibly, they can improve your credit score.
That being said, don’t forget to pay your bills on time, and preferably in full each month.
3
Upvotes
How can I qualify for BBVA Compass Secured card graduation? Reply 2votes1votes
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.
2
Upvotes
Do you report to the major business credit bureaus? Reply 2votes2votes
Sydney Garth
@sydneygarth
Yes. You can find more details here: https://www.langleyfcu.org/disclosures/documents/visacc-disclosure.pdf.
2
Upvotes
Does the BBVA Compass Business Secured card pull your personal credit for an applcation? Reply votes1votes
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 Secured Visa® Business Credit Card Reviews
Share your insights and review the BBVA Compass Secured Visa® Business Credit Card.
May 08, 2021
By reading the reviews, I do not like that although it is a Secured Card - your personal credit will still take a hard pull. ( I understand if it were an unsecured card). Also, I read 2 conflicting reviews that they do -and then again that they BBVA does not report to Dun and Bradstreet. Which one is it?
Comment
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Last updated on: Jun 29th, 2021 at 12:58 ET
Related Credit Card Categories
BBVA Compass Secured Visa® Business Credit Card is related to the following categories:
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 the issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Jun 29th, 2021 at 12:58 ET