Having a business credit card is important when you need to face expenses, and gives you many possibilities. The Wells Fargo secured credit card is one of the best, and it offer excellent benefits. Of course, is not that easy, here we will see how you can get one for your business.
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How you can easily get a Wells Fargo secured credit card
There are certain requirements that you should meet before requesting one. Whether you are looking to make an investment in your company, or just want a card for everyday expenses, is a good card.
Wells Fargo is one of the most renowned and secure banks with excellent online banking services. It’s a great institution with a great reliability, compared to other national banks, is considered one of the best online banks.
If you want to know the benefits of having your secured credit card and how to get one read this post until the end. https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/
The advantages of having a Wells Fargo secured credit card
Having a secured business credit card by Wells Fargo can serve you for different purposes. It can literally be used for any expenses of course, but especially those that involve business, or mobiliary for your company.
They offer from 500$ to 25.000$ of initial credit in your card, and that can rise up a bit more if you improve your card. So, it is perfect to have a better cash flow, and there is no annual fee!
Also, you have a 1.5% cash back for every 1$ spent with your Wells Fargo credit card, which saves lots of money. Finally, their rewards system, using this card will get you extra rewards, getting rewarded for buying stuff sure sounds nice.
You will earn 1 point for every dollar spent from your card, and you get 1.000 extra points when you spent at least 1.000$ in one month. So it would be 2.000 points, then you can use those points to get gift cards, and different merchandise.
Not to mention that you will get extra points and discounts if you buy from certain sellers online. Not to mention that using this card is pretty tidy, as getting accounts on all of your expense with the card is pretty easy to do online.
Wells Fargo is offering you a secure excellent service to get back on track with the credit, getting you nice deals for it too.
What credit score do you need to get a Wells Fargo secured credit card?
Of course, people with a good credit score are more likely to get the best cards (prime cards) with more benefits. But you can get a basic card with 25.000% in credit with a regular credit score. Many starting entrepreneurs with almost no credit score get one to start their businesses with credit.
What are the requirements to apply for the secured credit card?
You can apply for your card online or in person going to the bank, to apply online you will need the following:
- Business name, address, and phone number
- Date business started to operate (this is the date the business originally opened, even if it wasn’t the same owner before.)
- Business tax identification or Social Security number
- The kind of ownership
- Gross annual revenue
In case you want the Wells Fargo business secured credit card or the Platinum credit card you will also need:
- Any Wells Fargo bank account to create your account online (it doesn’t matter if is a checking account or savings account)
In case there is more than just one owner, all of them will need to provide this information. And you can get multiple cards if you want to at the application time for the account.
Then, you can request a credit line increase, you can make the request online or in person. They will evaluate your request, and if you are someone who do uses their service they will be more than happy to grant your request.
Just remember: You must pay all of the balance monthly, or they will charge you more interests. https://www.wellsfargo.com/biz/help/faqs/credit-cards/
Can businesses get secured credit cards?
Of course, businesses are perfect for these kinds of cards, because banks know that small business have high expenses. This way you can be sure that the owner of the credit card is actually going to use it.
And this is beneficial for the cardholder and for the bank too, everyone wins here.
Why should you get Wells Fargo secured credit card?
Apart from the many benefits that the card has, and the opportunities it represents, there are also other good features. One of them is the overdraft protection, this way you can be sure you will never miss to pay your bills.
You will only pay overdraft protection when you have to use it, in case you spent too much that month. This can be really good in emergency situations in which you don’t have enough money to pay a bill or taxes.
The security system is pretty solid and you can get alerts every time your card is used, so there is no problem at all. It’s one of the most secure cards for online shopping too, they have a mobile app to keep in check, they offer you organized information on your movements, is a well-made system.
Which banks offer secured business credit card?
If you want to check out what other banks’ cards offer here, you have a list of alternatives:
- First National Bank Business card
- BBVA Compass Secured Credit Card
- Secured Mastercard from Capital One
Does Wells Fargo have a secure credit card?
Yes, apart from the others kinds of cards like the Platinum card or a regular credit card, there is the Wells Fargo business secured credit card. This card is meant for small businesses, definitely, one of the best options for business owners.
Wells Fargo credit card: Application Requirements
If you opened a Wells Fargo credit card or you are thinking of opening one, it is important that you know several aspects about the card such as how to apply for it, what are the requirements, how the option with security deposit works, or the option with itin and what is the interest of the card, as you can see these are issues that interest you and their development you will read below…
What are the benefits of the wells fargo credit card?
You can take advantage of the benefits of the wells fargo card when you pay off the balance in full on the appropriate date every month and when you use it with the rewards program when you make your purchases, those rewards you can redeem for:
- Gift cards
- Branded products.
- You can turn your rewards into donations.
- You can give the rewards as gifts to friends or family.
- You can give the rewards to friends or family.
- You also have the benefit of travel assistance and emergency and roadside assistance.
- You access identity theft protection and extended warranty protection.
- Depending on your card you can get free access to counseling at any time of the day with discounts on rental cars and offers on your travels.
How to activate a wells fargo credit card in Spanish
You need to activate wells fargo en español tarjeta de credito as initial activation and then you can start using your card in the following ways:
- You have the option of activating your card with the Wells Fargo Mobile App or online.
- You can also do the initial activation of your Wells Fargo card by calling by landline or cell phone at 1-877.294-693333.
- If you use your PIN, which is the personal identification to make the initial activation you can go to a Wells Fargo ATM and in case you don’t have your PIN you can receive it separate from your card by mail.
How to view wells fargo credit card balance
To view your wells fargo credit card balance just log in to Wells Fargo online where you can view your credit card balance, transfer funds, add card services, and more.
If you signed up for Wells Fargo online but can’t see your credit card account, log in and then go to Add account and if you don’t see it in the drop down menu you can call 1-800 956 4442.
Note that the best thing you can do is apply for a wells fargo credit card, but the Business Credit Card is the best because it is the one that suits you because it is suitable for anyone with bad credit, then you apply for your card by making a deposit of $500 and the credit limit will be from $500 to $25000 with an annual fee of $25.
On the other hand, it is ideal for you to apply even if you do not have credit problems now but you have had them in the past or currently your business credit is limited.
It is also ideal to apply for despite the annual fee because you can get a higher credit limit, you get cashback for the business expenses you incur in addition to the rewards.
To apply you will go to the Wells Fargo website and on the top bar click on Small Business.
Then under Loans and Credit, you will choose Business Credit Cards.
Then if you scroll down you will see the Business Secures option and click on Apply Now.
But remember that if you do the process online you must be a customer of the bank, otherwise you will request an appointment at one of the bank’s branches. Then you will complete the form with the information required by the bank, review your application and submit it.
What is a wells fargo secured credit card?
Wells fargo secured credit card differs from the normal one because of the refundable deposit, which determines the credit limit, for example, if you make a refundable deposit of $1000, the credit limit will be $1000 and you will use that credit to buy what you need and you will pay it in full every month and if you do not pay the balance in full, what you owe will have an interest as if you were using any other card and if you do not pay the balance, the deposit can be taken in its replacement. However, if the limit seems low you can increase it to improve it.
What is the wells fargo escrow credit card?
In the case of the wells fargo escrow credit card, it is the one that serves you to start generating credit history or to reestablish credit for which a security deposit is necessary and you can use it to make payments and your daily purchases and as for the payments it works like any other with a monthly bill that you will pay it on the corresponding date.
Wells Fargo credit card phone 1-800-642-4720
If you want to know about wells fargo credit card phone you have several options like:
- You can call 1-800-642-4720 and get in touch with account management.
- By calling 1-800-932-6736 you will be able to submit your application.
- Calling 1-800-967-9521 will allow you to find out the status of your Wells Fargo Visa credit card application.
How to make Wells Fargo credit card application
To make a Wells Fargo credit card application you must choose the type of credit card that suits you because you must meet the minimum requirements of some of them as having a good level of consumption and credit as required by the Visa Signature, Cash Wise and Rewards. In fact the Wells Fargo credit card requirements although they vary according to their type, the general ones are the following:
- You must be 18 years of age
- You must have verifiable income.
- Your credit history must be excellent or at least good.
- You must have a good credit history.
- You will complete your personal information with first and last name, date of birth, address and email address.
To contact Wells Fargo credit card customer service you can call 1-877-727-2932.
In the case of wells Fargo credit card with ITIN, you can use it to apply online.
As for the wells Fargo credit card interest rate, the introductory statement indicates that for 18 months it is 0%.
What do I need to take out a credit card at Wells Fargo
You know what I need to take out a credit card at Wells Fargo, well you need:
- A U.S. address and proof of residency
- A social security number.
- Your name and last name.
- Your first and last name, date of birth and your state identification or driver’s license.
What are the requirements to obtain a credit card?
Doubts about what are the requirements to obtain a credit card, well consider:
- Being over 18 years of age.
- Minimum income depending on the type of card.
- Official identification.
- Proof of income.
How do I know if I qualify for a credit card?
You understand how do I know if I qualify for a credit card, verify that you have a good credit history and proof of income.
What are the Wells Fargo cards?
You know what are the Wells Fargo cards, because they are the following:
- Wells Fargo Cash Wise Visa
- Wells Fargo Propel American Express.
- Wells Fargo Propel American Express.
- Wells Fargo Platinum.
- Wells Fargo Platinum.