Secured Visa® Business Credit Card

A secure card for business expenses. Designed for growing businesses, the Secured Visa® Business Card is the flexible and secure business credit card option. Card only available in Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico.

  • No annual fee for one year - You pay no annual fee for the first year with BBVA Secured Visa® Business Credit Card. After that, you pay a low fee of $40 per year.
  • Secured by savings - Before applying for the Secured Visa® Business Credit Card, you must open a Secured Credit Card Savings Account. The minimum opening deposit is $500. You can make deposits at any time in $100 increments.
  • Easy-to-manage credit - Your available credit will be 90% of your savings account balance. You can add funds to your account to increase your credit limit.
Credit Target Type Annual Fee BT Intro APR Purchase Intro APR Regular APR Rewards
Fair Credit, Limited Credit Secured $40* N/A* N/A* 18.49%* None


Quick Summary:
This Visa offer is issued by BBVA Compass. This is a secured card that does not issue a traditional line of credit. Rates may vary among applicants, however the lowest standard APR is 18.49%* (Variable)*.

Important Rates:
There is not an introductory APR for this card, so the lowest or standard rate may apply immediately or after the grace period for eligible purchases. There is an annual fee of $40** for this card.

Rewards:
This is not a rewards card. It is normal for cards for fair and poor credit histories to not offer rewards.

Credit Record Needed:
Based on the FICO score recommendation, applicants should have a recently clean credit record, with no recent negative marks on their report. However the card issuer may expect limited discrepancies. A FICO credit score range of 500-650 is recommended for a higher chance of approval, but this is not required. There are a number of other factors that this issuer may also consider when making decisions for approval. While your FICO score is usually a very important factor, you may want to consider other areas that may affect a decision for approval. For example, your debt to income ratio, recent credit inquiries, 30+ day delinquencies, or current credit accounts nearing the maximum amount may affect a credit decision.

FICO scores/credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, a credit score alone does not guarantee or imply approval for any BBVA Compass product.

Other Basics:
The grace period listed for the Secured Visa® Business Credit Card is at least 20 days*. So interest charges will not be applied for new purchases during this time if balance is paid in full by the due date. Be aware that some issuers will begin charging interest on cash advances and balance transfers on the transaction date.

Uses for this type of card may include budgeting funds, adding deposits for later use, building a credit rating (if issuer reports to the credit bureaus), and possibly more.This card contains the brand of Visa, where acceptance is global. Most businesses that accept credit cards will accept Visa as a form of payment (subject to available credit).

Other Remarks:
  • Before applying for the Business Secured Credit Card, you must open a Secured Credit Card Savings Account. The minimum opening deposit is $500. You can make deposits at any time in $100 increments.
  • Available Credit – Your available credit will be 90% of your savings account balance. You can add funds to your account to increase your credit limit.


Approval Rate:
Currently, we have no applicant results in our system. You can be the first one to help by submitting your application results to assist other applicants before they apply for this card.

There have been no approvals in our internal system that we can calculate for this card. This could be due to lack of time that this card has been listed at Finance Globe or from other various factors. As we gain more information about the approval rates, we will update them here. Furthermore, if your FICO score is close to or higher than 500 to 650, then your chance of approval may be even greater.

Approval Time:
Approval time for this offer is not listed. You should expect a final credit decision within a couple of weeks, but normally much sooner.

Community Opinion:
There are no reviews. If you have experience, you can write one now.
It's fast and easy to compare card offers by the criteria you require. That way you get the best card for your needs. Find more credit cards.