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Best used to help business owners rebuild their credit, the BBVA Compass Business Secured Visa card requires a minimum $500 deposit to establish the credit line. It comes with some handy perks for businesses and useful travel benefits, for an annual fee of just $40 after the first year.
The BBVA Compass Business Secured Visa Credit Card is designed to help businesses and business owners rebuild their credit.
Before you apply, you’ll need to open a secured credit card savings account. The minimum opening deposit is $500 and you can make deposits in increments of $100. Your available credit will be 90% of your savings account balance at any given time.
You’ll get 3X points per dollar at office supply stores, 2X points per dollar at gas stations and restaurants, and 1X point per dollar spent on everything else.
The annual fee for this card is waived for the first year, then it’s $40 per year.