Wells Fargo Secured Credit Card | Wells Fargo Credit Card Online Login

Wells Fargo Secured Credit Card – Apply for wells fargo credit card now to enjoy maximum benefits from the financial services company based in the US. It may surprise you to know that Wells fargo is the world’s fourth largest bank in the United States of America.

Wells Fargo Secured Credit Card

There are so many banks in the U.S that can also offer you quality and affordable secured credit card but some of them can never measure with wells fargo credit card which is one of the best cards in the world currently.

Before now we have discussed about well fargo credit card online login in our previous article but will focus mainly on how to apply for wells fargo secured  credit card.

On this article, we shall discuss with you on how to complete the Wells fargo secured credit card without stressing yourself so much. We are not going to waste time on this post because there is so much to talk about.

We will quickly go straight to the main topic of the day. If you have tried to apply for this credit card and failed then this post will help you.

All you need to do is to make sure you understood the post. We will take it step-by-step in our explanation. Read carefully as we go on.

How To Apply for Wells Fargo Propel American Express Card

First, let us look at how to apply for wells fargo propel. Below is how to apply for the card:

  • Quickly go to the wells fargo website or click hereto visit the propel credit card site
  • Click Apply Now
  • There are 3 stages to complete: About You; Your Finances; Card Options; Review and Submit.
  • Complete the 3 stages
  • Finally submit your application once you are done filling the form

Apply for Wells Fargo Secured Credit Card

To apply for the wells fargo card is very simple. The cards differ from one to another. Follow the steps below to apply for any card of your choice:

  • Go to wellsfargo.comwebsite or Click Here
  • Click Learn More on any of the cards
  • Click Next step: Apply
  • There are 3 stages to complete: About You; Your Finances; Card Options; Review and Submit.
  • Complete the 3 stages
  • Finally submit your application once you are done filling the form

Wells Fargo Business Secured Credit Card

  • Cash Back option:Earn 1.5% cash back on every $1 spent
  • Reward Points option:Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
  • $500 to $25,000 credit line
  • Zero liability protection
  • No annual fee

New Business Secured Credit Card applications are not accepted in Wells Fargo Branches.

What You Will Need to Apply

A Wells Fargo business checking or savings account must be open prior to applying for the Wells Fargo Business Secured Card. Upon approval, your funds will be transferred from the deposit account to fund the credit line.

Eligible business checking accounts

Existing and new customers

  • Initiate Business CheckingSM
  • Analyzed Business Checking
  • Optimize Business CheckingSM
  • Additional Navigate Business CheckingSM
  • Navigate Business CheckingSM

Existing customers only

  • Analyzed Business Checking Plus
  • Business Checking Plus
  • Wells Fargo Business Choice Checking
  • Business Cash Manager

Eligible business savings accounts

Existing and new customers

  • Business Platinum Savings
  • Business Market Rate Savings

Existing customers only

  • Business High Yield Savings

How it Works

  • $500 to $25,000 credit line based on the amount of funds deposited by you as security in a collateral account.
  • Use your card for everyday business expenses, such as office supplies and online payments.
  • As with any credit card, you’ll need to make monthly payments.

Fees and Rates

Fees

  • No annual fee.
  • No foreign transaction fees.
  • Cash advance or balance transfer fees may apply – see your customer agreement for details upon approval.

Interest rates

  • Prime + 11.90% on purchases
  • Prime + 20.74% on cash advances
  • Grace period of up to 25 days on purchases

Build Business Credit History with Wells Fargo

Things you need to know about building business credit with Wells Fargo:

  • Wells Fargo reports your payment and usage behavior to the Small Business Financial Exchange.
  • Payment and usage activity of the Wells Fargo Business Secured card is not reported to the consumer credit bureaus, therefore it will not help build or rebuild personal credit history.
  • Make monthly payments on time, every time. Paying late or missing a payment can hurt your business credit.
  • Pay more than the minimum each month if you can. When you pay less than the balance, your balance accrues interest, which must be paid along with the principal balance.
  • Keep your balance low, but use your card and pay on time in order to help build business credit.
    • Stay within your credit limit.
    • Only charge what you can afford to pay back.

Learn How to Upgrade to Unsecured Credit

Wells Fargo will periodically review your account and recent credit history for an opportunity to upgrade to an unsecured business credit card. You may become eligible with responsible use over time:

  • Whether and when you upgrade to an unsecured business credit card depends on a number of factors, including how you manage your Business Secured Credit Card account, other accounts, and other factors such as FICO®Credit Score, payment history and ratio of credit card usage to credit limit.
  • There is no preset time frame for when you may get an upgrade into an unsecured business credit card. The upgrade is not offered automatically or guaranteed, regardless of how long the account has been open.
  • The Bank may hold collateral for up to 30 days following account closure in order to cover transactions that may be posted to the credit card account after it is closed.

Business Rewards

Choose between Cash Back or Rewards Points

  • No annual rewards program fee.
  • No required spending categories or caps.

Cash Back

  • Earn 1.5% for every $1spent on net purchases.
  • Receive your cash back automaticallyas a credit to your account or to your eligible checking or savings account each quarter (March, June, September and December).

Reward Points

  • Earn 1 point for every $1spent on net purchases.
  • Get 1,000 bonus pointswhen your company spends $1,000 or more in any monthly billing period.
  • Redeem points for gift cards, merchandise, airline tickets and more.
  • Get a 10% points creditwhen you redeem points online.
  • Earn extra bonus points or discountsfrom Earn More Mall®

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