Wells Fargo Business Secured Credit Card Review

• Competitive APRs. Wells Fargo Business Secured Credit Card has a variable purchase APR of 11.90%
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your purchases, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

The Good	The Bad
Lower than average purchase APRs. No annual fee. No foreign transaction fee. Cardholders can earn rewards on purchases everywhere Wells Fargo Business Secured Credit Card is accepted. Wells Fargo Business Secured Credit Card reports to multiple credit bureaus.	Does not offer a signup bonus. Rewards bonus rate of only 1% on most everyday purchases. Terms apply*. Does not include many credit card benefits.

Who is Wells Fargo business secured credit card designed for?

This 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 business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

This business card has a credit limit of up to 500.

What are the relevant APRs?

This business credit card has a variable purchase APR of 11.90%. The card has a variable balance transfer APR starting at 11.90% .

It also has a variable cash advance APR starting at 20.74% .

What fees does it charge?

The following fees apply to this business credit card:

• There is no annual fee.
• A late payment penalty of up to $50.
• A returned payment fee of up to $29.
• There is no overlimit fee

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

• Every Purchase

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

• Fraud Liability
• Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 877-4833.

What is the support contact email?

The support contact email for this business credit card is corporateresponsibility@wellsfargo.com.

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?

• 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.