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Updated over 13 years ago,

User Stats

72
Posts
8
Votes
Ken Sanders
  • Real Estate Investor
  • Malvern, PA
8
Votes |
72
Posts

Secured Business CC for Building Business Credit?

Ken Sanders
  • Real Estate Investor
  • Malvern, PA
Posted

Years ago I got a secured personal credit card to build my credit. Basically, you pay a "deposit" up front and that becomes your collateral and limit on the card. It's risk-free for the bank and they reported my payments to all 3 Credit bureaus. Worked like a charm, too!

I'm now looking to do the same with my business credit. Anyone know of any secured business cards like this? I can get a business credit card very easily by giving a personal guarantee, but I'm looking to do this strcitly under my EIN number.

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