BBVA Secured Business Credit Card - Secured Business Credit Cards from BBVA Compass allow businesses to build credit and avoid excessive spending.
Secured credit cards are one option that small businesses have to build credit, coming with the benefits of full credit cards while being easier to obtain. Unlike regular credit cards, funded entirely by credit card issuers, secured credit cards require an initial deposit to the publisher that will be the basis for the credit limit.
Users will earn at least 1 point for every dollar spent, and can choose additional expense categories to earn the next point. Shopping category 1 can be selected for each point level:
3X POINT CATEGORY OPTIONS 2X POINT CATEGORY OPTIONS
Gas Purchases Office Supplies
Home Improvement Restaurants
Utilities Travel
Up to a 15% discount is also available for purchases from participating retailers through the Visa® SavingsEdge program. Participating merchants include Sony, Sears, Tiger Direct, Travelodge, and Wyndham Hotels and Resorts.
You can also combine and share points from other BBVA Compass cards, so you can transfer points from this card to others and vice-versa.
The BBVA Compass card gives you a chance to arrange a boundless number of extra cards to disperse to workers, which can have singular credit limits and give separated spending reports. You can view up to 6 months of past account statements online, as well as manage, view, and analyze spending. This data can be integrated with other accounting programs. A rebate of up to 30% is accessible for items and administrations from QuickBooks, which can be utilized as a part of conjunction with the credit card account.
BBVA Compass will monitor the credit account 24/7, providing fraud alerts in the event of any suspicious activity. It also provides access to business-trained customer service representatives.
A number of shopping and traveling business benefits from Visa are available as well.
Cardholders will not be held liable for fraudulent charges, and eligible losses from card misuse by employees are covered up to $100,000.
When shopping, purchases are covered by Purchase Protection and an Extended Warranty. The first will replace, repair, or reimburse a purchase that is stolen or damaged, up to $10,000 per claim and up to $50,000 in total. The extended warranty will double a manufacturer’s original warranty of 3 years or less, up to 1 additional year.
When traveling you and your family will be covered by Travel Accident Insurance up to $500,000, when using a Common Carrier. Travel and Emergency Assistance is always available to help in an emergency, including services like legal and medical referrals, ticket or lost card replacement, and more.
An Auto Rental Collision Damage Waiver is also available, covering collision damage and theft to rented vehicles as long as the car company’s own insurance is declined.
The minimum required security deposit to open this account is $500, and additional funds can be added in increments of $100. The credit limit for the card will be 90% of the deposit.
PENALTY APR :
LATE FEE : Up to $38
RETURNED PAYMENT FEE : Up to $38
Secured credit cards are one option that small businesses have to build credit, coming with the benefits of full credit cards while being easier to obtain. Unlike regular credit cards, funded entirely by credit card issuers, secured credit cards require an initial deposit to the publisher that will be the basis for the credit limit.
The BBVA Compass Business Secured Visa
Users will earn at least 1 point for every dollar spent, and can choose additional expense categories to earn the next point. Shopping category 1 can be selected for each point level:
3X POINT CATEGORY OPTIONS 2X POINT CATEGORY OPTIONS
Gas Purchases Office Supplies
Home Improvement Restaurants
Utilities Travel
Up to a 15% discount is also available for purchases from participating retailers through the Visa® SavingsEdge program. Participating merchants include Sony, Sears, Tiger Direct, Travelodge, and Wyndham Hotels and Resorts.
You can also combine and share points from other BBVA Compass cards, so you can transfer points from this card to others and vice-versa.
The BBVA Compass Secured Credit cards Benefits
The BBVA Compass card gives you a chance to arrange a boundless number of extra cards to disperse to workers, which can have singular credit limits and give separated spending reports. You can view up to 6 months of past account statements online, as well as manage, view, and analyze spending. This data can be integrated with other accounting programs. A rebate of up to 30% is accessible for items and administrations from QuickBooks, which can be utilized as a part of conjunction with the credit card account.
BBVA Compass will monitor the credit account 24/7, providing fraud alerts in the event of any suspicious activity. It also provides access to business-trained customer service representatives.
A number of shopping and traveling business benefits from Visa are available as well.
Cardholders will not be held liable for fraudulent charges, and eligible losses from card misuse by employees are covered up to $100,000.
When shopping, purchases are covered by Purchase Protection and an Extended Warranty. The first will replace, repair, or reimburse a purchase that is stolen or damaged, up to $10,000 per claim and up to $50,000 in total. The extended warranty will double a manufacturer’s original warranty of 3 years or less, up to 1 additional year.
When traveling you and your family will be covered by Travel Accident Insurance up to $500,000, when using a Common Carrier. Travel and Emergency Assistance is always available to help in an emergency, including services like legal and medical referrals, ticket or lost card replacement, and more.
An Auto Rental Collision Damage Waiver is also available, covering collision damage and theft to rented vehicles as long as the car company’s own insurance is declined.
BBVA Compass Business Secured Visa Costs
The minimum required security deposit to open this account is $500, and additional funds can be added in increments of $100. The credit limit for the card will be 90% of the deposit.
BBVA Compass Business Secured Visa Fees
PENALTY APR :
LATE FEE : Up to $38
RETURNED PAYMENT FEE : Up to $38
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