Secured business Visa cards are an important option for new businesses seeking to establish strong credit histories. A secured Visa is offered by a variety of banks to extend credit to those without any credit history or with credit problems in the past. Secured Visa cards typically require a deposit to get started, but are beneficial in supporting a strong and viable credit history.

Secured Visa cards serve an important purpose for new and established businesses. If credit problems have plagued your business in the past, a secured Visa credit card is a smart choice to improve business credit and to support a sound financial program. Visa secured is available to extend secured credit to business owners and operators with complex or poorly established credit histories.

Visa secured cards have many benefits:

1. A secured business Visa is an important step towards financial freedom and security during difficult economic periods.

2. Visa secured provides businesses with many benefits to ensure that their credit is protected against unnecessary risks.

3. A secured Visa credit card is an essential option to promote business growth and opportunity.

Action Steps
The best contacts and resources to help you get it done

Select a secured Visa credit card with an established bank or financial institution

Secured Visa cards are critical to promote financial well being, particularly for small businesses with fewer options. Select a reputable Visa secured card from a bank with a strong history and financial stability.

I recommend: The Wells Fargo Secured Visa Card is an important option for many businesses with no credit or a poor credit history. The Bank of America Secured Visa Credit Card offers similar benefits by another reputable organization.

Choose secured Visa cards from credit unions or other organizations with many service offerings

Credit unions that offer a Visa secured credit card are a wise choice for small businesses that have yet to establish their credit. A Visa secured business credit card is often available, using collateral from an established checking or savings account to support financial growth.

I recommend: Stanford Federal Credit Union Secured Visa offers a low annual percentage rate (APR), and complimentary accidental death and dismemberment insurance coverage. The Teachers Federal Credit Union Secured Visa Card is the optimum choice for educators and businesses seeking to establish strong credit histories.

Select a secured business Visa credit card from websites with a variety of service offerings

Many websites are available that offer information regarding secured Visa credit cards. Review the options, including annual fees if applicable, annual percentage rates and credit limits.

I recommend: ValuePlus Financial provides summaries of the most popular secured business Visa products. CreditCardFlyers offers secured Visa options for businesses with weak or limited credit.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Select Visa secured business credit card products that offer rewards programs for all purchases. Rewards benefits may be in the form of hotel or airline points to be used towards free hotel nights or free flights.
• •  Consider protecting your secured Visa against identity theft with additional service protection plans.