Bank of america secured business credit card – You can earn up to 75 more cash back on every purchase if you have a business checking account with bank of america and qualify for preferred rewards for business. Meanwhile the bank of america secured credit card requires a security deposit of 100 of your credit line no matter your creditworthiness.
That means you could earn up to 5 25 on your selected choice category 3 5 on dining and unlimited 1 75 cash back on all other purchases.
Bank of america secured business credit card – Why use a secured business line of credit. Support ongoing operational expenses with a line of credit typically secured by a blanket lien on your assets or a certificate of deposit. Our secured lines of credit feature revolving loan terms with annual renewal no cash advance fees and no interest charges until you use the funds. Bank of america secured business credit card
Bank of america secured credit cards can help those with damaged credit rebuild their credit score. A secured credit card designed to help establish strengthen or rebuild credit a minimum refundable security deposit of 300 maximum of 4 900 is required to open this account. Your maximum credit limit will be determined by the amount of the security deposit you provide your income and your ability to pay the credit line established. Bank of america secured business credit card
Minimum security deposits are 300 but if approved cardholders can deposit up to 4 900 to use. All that said to qualify for an unsecured card after improving your credit with the capital one secured mastercard you ll have to apply for a new credit card. Bank of america secured business credit card