The credit card market is overwhelmed with secured credit cards for consumers whereas the situation with small business secured credit cards is quite different and if you decide to get a reasonable small business credit card shop around. Some of these business secured offers come with ludicrous interest rates and application, processing and annual fees and some don’t. Take your time and choose the right small business secured card with low fees for the considerable amount of credit, make business purchases, pay ahead of time, increase your credit limits at least once every six months and build up credit for your business. Also ensure that the small business secured credit card of your choice report to business credit bureaus not your personal files.
Other Popular Secured Credit Card FAQs
In order to get your deposit back you need to close your credit card account and pay your card balance in full. After you paid your card off, contact the credit card issuer to request a refund of your security deposit.
Continue »A secured card may be a great option though for getting a credit card and rebuilding your credit as secured cards are usually reported to the credit bureaus – Experian, TransUnion or Equifax. The credit limit on a secured credit card is established by the security deposit an applicant pays. Your initial deposit is usually […]
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