Wells Fargo Business Secured Credit Card Review

Businesses with little or no credit can have difficulty getting approved for a credit card. The Wells Fargo Business Secured Credit Card is a solid option in these cases, especially if you’re already a Wells Fargo client and are looking to establish or rebuild credit with the bank. Over time and with responsible use, cardholders may be able to upgrade to an unsecured business credit card.

In addition, the Wells Fargo Business Secured Credit Card allows you to choose either cash back or points rewards and has excellent security features, including fraud monitoring, overdraft protection and zero liability protection.

The Wells Fargo Business Secured Credit Card allows you to choose between its cash back or rewards points programs and the form in which you redeem your rewards.

• Get up to 10 employee cards
• Opportunity to upgrade to an unsecured business credit card with responsible use over time
• No annual rewards program fee
• No required spending categories or caps
• Earn 1.5% cash back on qualifying purchases
• Earn 1 point on every $1 spent and receive 1,000 bonus points every billing cycle when you spend at least $1,000 on qualifying purchases
• Receive your cash back automatically as a credit to your card account or to your eligible checking or savings account each quarter
• Earn 1 point for every $1 spent on qualifying purchases
• Get 1,000 bonus points when your company spends $1,000 or more in any monthly billing period.
• Redeem points for gift cards, merchandise, airline tickets and more
• Get a 10% points credit when you redeem points online
• Manage spending, payments, and transfers online with Wells Fargo Business Online.
• Manage your expenses through Wells Fargo Business Online, a report that allows you to monitor spending patterns, set monthly goals and automatically organizes your business card transactions into spending categories.
• Pay bills directly with your card
• Pay your credit card bill automatically with automatic payments
• Overdraft and returned check fee protection
• Showcase your business with the card design studio service
• Zero Liability protection means you'll be fully reimbursed for unauthorized purchases made with your Business Secured Credit Card and reported promptly.
• Alerts notify you of available credit and account activity, and chip technology adds another layer of protection against fraud
• Fraud monitoring of your business accounts

MoneyGeek gives you a rundown of the Wells Fargo Business Secured Credit Card’s benefits, fees and interest rates to help you decide if this card is suited to your company’s needs.

The table below shows the cash back and rewards rates, APRs, fees, and other data included in the fine print to give you a clear picture of how this card stacks up against others.

The Wells Fargo Business Secured Credit Card has additional features and benefits, including:

• Top-notch security features: This card has added security features to give you peace of mind. Aside from zero liability protection, you also receive notifications about account activity and available credit and fraud monitoring for all your business accounts. The card also uses chip technology, another layer of protection against fraud.
• Overdraft protection: You have the option to link your Wells Fargo Business Secured Card to your Wells Fargo business checking account to cover insufficient funds/overdrafts.
• Card design studio service: Wells Fargo offers cardholders the opportunity to showcase their businesses by customizing their credit card design. You can choose your company logo or an image that promotes your business. You may also add a tagline or your company’s name.

The Wells Fargo Business Secured Credit Card is just one of many top-rated business credit cards in 2022. The Wells Fargo Business Secured Credit Card remains a good option, especially if you’re working to build a solid credit history with Wells Fargo. How this card compares with other cards, however, depends on your specific needs.

Below is a head-to-head comparison between the Wells Fargo Business Secured Credit Card and the Wells Fargo Business Platinum Credit Card.