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  Wells Fargo Business Secured Credit Card

Wells Fargo Business Secured Credit Card

in Business Credit Cards from Wells Fargo Bank

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Wells Fargo Business Secured Credit Card

Unaffiliated

in Business Credit Cards from Wells Fargo Bank

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Highlights
Purchase APR  (Variable APR) 17.15%
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 700 - 850
Annual Fee $25

Wells Fargo Business Secured Credit Card Review

Wells Fargo Business Secured Credit Card FAQ

Who is Wells Fargo Business Secured Credit Card designed for?

Wells Fargo Business Secured Credit Card is a secured credit card credit card issued by Wells Fargo Bank. 

Secured cards are credit cards that require a refundable deposit before you qualify for a line of credit. These cards are often used to build the credit of consumers with with poor credit or little credit history.

This card is designed for businesses with good credit. The minimum credit score to apply is 700.

What are the relevant APRs for Wells Fargo Business Secured Credit Card?

Wells Fargo Business Secured Credit Card has a variable purchase APR of 17.15%.

It also has a variable cash advance APR of 25.99% .

Does Wells Fargo Business Secured Credit Card have an introductory APR offer?

Wells Fargo Business Secured Credit Card does not offer an introductory rate on new purchases.

Wells Fargo Business Secured Credit Card Rates & Terms
Purchase APR 17.15%
Cash Advance APR 25.99%

What are the Wells Fargo Business Secured Credit Card fees?

The following fees apply to Wells Fargo Business Secured Credit Card:

  • An annual fee of $25.
  • A late payment penalty of up to $50.
  • A returned payment fee of up to $29.

Does Wells Fargo Business Secured Credit Card have a foreign transaction fee?

Wells Fargo Business Secured Credit Card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Wells Fargo Business Secured Credit Card Fees
Fees Amount
Annual Fee $25
Foreign Transaction Fee 0%
Returned Payment Fee $29
Late Payment Fee $25 to $50

Is there a Wells Fargo Business Secured Credit Card cash back or rewards program?

Wells Fargo Business Secured Credit Card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make.

Does Wells Fargo Business Secured Credit Card have a signup bonus?

Wells Fargo Business Secured Credit Card doesn't offer a cash signup bonus.

Does Wells Fargo Business Secured Credit Card offer an annual loyalty bonus?

Wells Fargo Business Secured Credit Card doesn't offer a cash loyalty bonus.

What are the Wells Fargo Business Secured Credit Card benefits?

Wells Fargo Business Secured Credit Card provides the following benefits:

  • Reports to major credit bureaus

Does Wells Fargo Business Secured Credit Card report your account activity to credit bureaus?

Yes, Wells Fargo Business Secured Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Wells Fargo Business Secured Credit Card

  • Visit the Wells Fargo Bank .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Feature Breakdown

Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee  
No Interest Grace Period for Late Payment 25 days
Annual Fee $25
Cash Advance Fee (%) 4%
Cash Advance Fee Minimum $10
Late Fee Amount $25 - $50
Minimum Interest Charge $1
Returned Payment Fee $29
Customer Type Business
Minimum Age 18
Credit Score Range 700 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits Fraud Liability
Balance Computation Average Daily Balance
Cash Advance APR (Variable APR) 25.99%
Credit Limit Up to $0
Purchase APR (Variable APR) 17.15%
Card Network Mastercard
Card Type
  • Secured
  • Rewards
  • Cashback

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