Business Credit Card Reviews

What Can you Get from a Secured Business Credit Cards

Posted in Uncategorized by businesscreditcardsite on October 21, 2010

Have you considered applying for a business credit card to finance your small business? Many business credit cards in the market require good credit history but if you have bad credit or poor credit rating, then a secured credit card for business is your next option. In this article, let’s discuss the basic facts you need to know about this type of small business credit card.

What is a Secured Business Credit Card?

Similar to a personal secured credit card, a secured card for small business requires the submission of cash deposit which will be used as guarantee for debts that will be incurred using the card. Hence, if the owner of the account defaults payment, the issuer of the business credit card can use the amount deposited as payment for debts. Because of the cash security deposit, approval is not based on the applicant’s credit history but on the cardholder’s ability to make a deposit.

read more: What Can you Get from a Secured Business Credit Cards

Related Source: Bad Credit Credit Cards


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