Valley Visa® Secured Business Credit Card Review for 2023
This article is part of a larger series onBest Small Business Credit Cards.
Valley Visa® Secured Business Credit Card is a secured business credit card perfect for those needing a card that offers both an introductory 0% annual percentage rate (APR) period and fixed-rate cash back rewards. You can enjoy a 0% introductory APR on purchases and balances for the first nine billing cycles after card ownership and unlimited 1% cash back on all purchases, regardless of spending categories.
To see how this card stacks up against others we have reviewed on our site, clickAdd to Compareon a card below and select up to two additional cards for comparison.
Valley Visa® Secured Business Credit Card
BEST FOR:
Those who need a secured business credit card with fixed-rate cash back rewards
- 1% unlimited cash back on all purchases
Pros
- Customers with limited credit history or credit issues can still qualify
- Offers 0% APR for nine months
- No annual fee
- Offers 1% unlimited cash back on all purchases
Cons
- Credit limits are up to $25,000 only
- Requires a security deposit equivalent to 110% of requested credit limit
- Up to 25 free employee cards only
- Online account access
- Immediate fraud protection alerts for suspected fraudulent transactions
- Visa purchase alerts
- The card reports account information and transactions to major credit bureaus each month, helping users build credit with responsible use
- 1% unlimited cash back on all purchases
Pros
- Customers with limited credit history or credit issues can still qualify
- Offers 0% APR for nine months
- No annual fee
- Offers 1% unlimited cash back on all purchases
Cons
- Credit limits are up to $25,000 only
- Requires a security deposit equivalent to 110% of requested credit limit
- Up to 25 free employee cards only
- Online account access
- Immediate fraud protection alerts for suspected fraudulent transactions
- Visa purchase alerts
- The card reports account information and transactions to major credit bureaus each month, helping users build credit with responsible use
When grading secured business credit cards like the Valley Visa® Secured Business Credit Card, we first consider the annual fee and ongoing APRs. We also take into account the rewards, security deposit requirements, introductory APR, other fees, and additional features.
Grading Criteria |
Card Score |
Highest Possible Score |
---|---|---|
Annual Fee |
25 |
25 |
Ongoing APR |
23 |
25 |
Ongoing Rewards |
10 |
10 |
Introductory Rewards |
0 |
10 |
Security Deposit |
5 |
10 |
Other Fees |
7 |
10 |
Introductory APR |
5 |
5 |
Additional Features |
3 |
5 |
Total Score |
78 |
100 |
Who the Valley Visa® Secured Business Credit Card Is Best For
- Those who need to either rebuild or establish their credit:Those with bad credit history or who are starting out and need to establish their credit may want to consider getting this credit card.
- Those who want a secured business credit card with 0% introductory APR:This is one of the few secured business credit cards that offer a 0% introductory APR on both purchases and balance transfers for the first nine billing cycles.
- Those who want to maximize their business expenses:This secured business credit card offers unlimited 1% cash back on all purchases, regardless of spending categories.
- Those with an existing business checking account with Valley Visa:If you have an existing checking account with Valley Visa, it will be advantageous to secure this card as it will help you manage all of your financial transactions within one bank. Check out ourValley National Bank reviewfor more information.
Seeour recommended alternativesbelow if this card doesn’t fit the bill.
Valley Visa® Secured Business Credit Card Fees
APRs
- Introductory:0% on purchases and balance transfers for the first nine billing cycles from card opening.
- Ongoing and balance transfers:15.70% to 27.25% variable, which adjusts with the prime rate
- 预付现金:18.50% variable, which adjusts with the prime rate
- Penalty:27.25% variable, which adjusts with the prime rate. This will be applied to your account if you fail to pay your minimum required payment within 60 days. Penalty APR will apply only until you make the minimum required payment for six consecutive monthly billing cycles.
Fees
- Security deposit:110% of your desired credit limit, up to $25,000
- Annual:None
- Cash advance and balance transfer:Either 4% of the amount of each cash advance or $5, whichever is greater
- Foreign transaction:2% of the amount of each transaction in United States dollars (USD)
- Late and returned payment:Up to $39
- Over-the-credit-limit:None
- Activity fee:$0.50 in each billing cycle in which there is either a cash advance or a balance transfer made
Your due date is at least 25 days after the close of each billing cycle.
- Online:You can make your credit card payments on Valley National Bank’s online banking site.
- Phone:Call (800) 522-4100 and follow the prompts to make your credit card payment.
- Nearest Valley Visa branch:You can go to thenearest Valley Visa branchto make your credit card payment.
Valley Visa® Secured Business Credit Card Rewards
Valley Visa® Secured Business Credit Card offers unlimited 1% cash back on all purchases.
You can use our calculator to compute the potential rewards you might earn from using the Valley Visa® Secured Business Credit Card. Just input your projected monthly spending per category and let our calculator do the rest.
Valley Visa® Secured Business Credit Card Features
- Fraud alerts:Valley Visa offers immediate fraud protection alerts via text and email whenever they detect a suspected fraudulent transaction.
- Employee cards:You can create up to 25 employee cards under one account at no additional cost.
- Online statements:Valley Visa issues electronic monthly statements, which can help clear paper clutter and make it easier for you to organize all of your transactions.
- Payroll processing:With ADP®, the worldwide leader in payroll solutions and Valley’s preferred payroll processor, you get full access to a suite of services that can help manage all of your transactions.
Valley Visa® Secured Business Credit Card Alternatives
第一国民银行的奥马哈普杜拉。布辛ess Edition® Secured Mastercard®
第一国民银行的奥马哈普杜拉。布辛ess Edition® Secured Mastercard® Card
BEST FOR:
Secured credit lines of as much as $100,000
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits between $2,000 and $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount:Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount:Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports:First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability:FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits between $2,000 and $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount:Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount:Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports:First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability:FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
- Is best for those needing an alternative secured business credit card with a credit limit of anywhere from $2,000 to $100,000
- Requires a security deposit of 110% of the amount of your credit limit
- Charges an annual fee of $39
- Does not offer rewards for new and existing cardholders
- Is in our roundup of the:
- Best secured business credit cards
- Best business credit cards with instant approval
- Best business credit cards for fair credit
- Best business credit cards for bad credit
- Best high-limit business credit cards
- Best business credit cards with instant approval
- Best credit cards for new businesses with no credit history
Emburse Spend Card
- Is a great option for those wanting a business prepaid card with rewards
- Offers unlimited 1% cash back on all purchases
- Does not charge fees for domestic transactions and adding virtual and physical cards
- Lets you deposit up to a maximum of $100,000
- Is on our list of the:
Capital One® Spark® Classic for Business
Capital One® Spark® Classic for Business
BEST FOR:
Those with fair credit
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No sign-up bonus
- Automatic payments:Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability:if your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records:You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty:Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards:You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No sign-up bonus
- Automatic payments:Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability:if your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records:You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty:Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards:You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
- Is best suited if you have fair credit and do not want annual, balance transfer, and foreign transaction fees
- Lacks 0% introductory APR for purchases and balance transfers
- Lets you earn unlimited 1% cash back on all purchases, with no minimum to redeem
- Is in our guides to the:
- Best business credit card for fair credit
- Best business credit cards for consultants
- Best cash back business credit cards
- Best business credit cards for startups
- Best business credit cards for nonprofits
- Best business credit cards for travel
- 最好的个人独资企业s credit cards
- Best credit cards for self-employed
- Best business credit cards with no foreign transaction fees
- Best business credit cards with no annual fee
- Best credit cards for new businesses with no credit history
For more options, see our guide on thebest small business credit cards.
Bottom Line
Valley Visa® Secured Business Credit Card is a viable secured business credit card if you want to either rebuild or establish your business credit as it offers a 0% introductory APR on both purchases and balance transfers and an unlimited 1% cash back on all purchases, regardless of spending categories. It should be noted that you can only get a credit limit of up to $25,000 and that only a maximum of 25 cards on one account, at no additional cost, is allowed.