Editor’s note: This is a recurring post with regularly updated card details.
First National Bank of Omaha Business Edition® Secured Mastercard® is a secured business credit card. It is designed for business owners with low credit scores and who cannot qualify for a regular, unsecured business credit card.
To be eligible, you need to have a credit score from 300 to 719 and make a security deposit ranging from $2,200 to $110,000, depending on your preferred credit limit. It doesn’t offer ongoing rewards—but you can earn rebates at selected merchants through the Mastercard Easy Savings® program.
If you wish to compare one credit card over another, choose a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
First National Bank of Omaha Business Edition® Secured Mastercard® Card
BEST FOR:
Secured credit lines of as much as $100,000
Intro APR
None
Regular APR
APR: 25.99% variable
Annual Fee
$39
Credit Needed
Very Poor to Good
- 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 from $2,000 to $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.
Intro APR
None
Regular APR
APR: 25.99% variable
Annual Fee
$39
Credit Needed
Very Poor to Good
- 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 from $2,000 to $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.
When grading secured business credit cards like the First National Bank of Omaha Business Edition® Secured Mastercard®, we first consider the annual fee and ongoing annual percentage rates (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 | 20 | 25 |
Introductory APR | 0 | 5 |
Ongoing APR | 20 | 25 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Security Deposit | 5 | 10 |
Other Fees | 8 | 10 |
Additional Features | 5 | 5 |
Total Score | 58 | 100 |
Who the First National Bank of Omaha Business Edition® Secured Mastercard® Is Best For
- Business owners with low credit scores: If you cannot qualify for a traditional secured credit card because of your credit score, the First National Bank of Omaha Business Edition® Secured Mastercard® is a great choice because it only requires a credit score of anywhere from 300 to 719 (very poor to good).
- Business owners who need to establish or improve their credit: Your transactions will be reported to the major credit bureaus, helping you rebuild or establish your credit when you use the card responsibly and make on-time payments consistently.
- Business owners with extra cash: You need to make a security deposit of at least $2,200 to qualify for the card—this will serve as collateral in case you fail to pay your bill. Note that you will earn interest on your security deposit.
Check out our recommended alternatives below if this card is not a good fit for your business. You may also visit our guide to the best secured business credit cards for other options.
First National Bank of Omaha Business Edition® Secured Mastercard® Rewards
The First National Bank of Omaha Business Edition® Secured Mastercard® does not offer ongoing and introductory rewards on purchases. However, you can earn automatic rebates at over 40,000 merchants under the Mastercard Easy Savings® program.
First National Bank of Omaha Business Edition® Secured Mastercard® Features
- Contactless technology: This feature allows you to tap your card on the terminal to pay for your purchases, providing a simple and touch-free way to pay.
- Cash flow management: First National Bank of Omaha (FNBO) provides flexibility to cover the costs of your purchases, including supplies, travel, and equipment
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
- Mobile receipt management: This feature lets you capture your receipts using your mobile phone camera, so you can keep a record of your receipts and expenses easily.
- Auto rental insurance: You will get coverage for automobile rentals when you use your card to pay for the rental.
- Free 24/7 online access: Access the online platform to manage your account, view your transactions, pay your bills, set up alerts, and more.
- Global services: Access expert assistance whenever you need to. This allows you to request a replacement card or emergency cash when you travel.
First National Bank of Omaha Business Edition® Secured Mastercard® Fees
APR
- Introductory: None
- Ongoing and balance transfers: 25.99% variable—adjusts with the prime rate (minimum interest charged is $1.75)
- Cash advance: 29.99% variable—adjusts with the prime rate
Specific Fees
- Minimum interest charge: No less than $1.75
- Annual: $39
- Security deposit: 110% of the amount of your credit limit, which can be between $2,200 and $110,000 (multiples of $50)
- Monthly: None
- Balance transfer: Either $10 or 5% of the amount of each transfer, whichever is greater
- Cash advance and cash equivalent transaction: Either $15 or 5% of the amount of each cash advance/cash equivalent transaction, whichever is greater
- Foreign transaction: 3% of each transaction in United States dollars (USD)
- Late payment:
- $35 if the new balance is less than $500
- $39 if the new balance is equal to or greater than $500
- Returned payment: $35
- Over-the-credit-limit: $39
Your due date is at least 20 days after the close of each billing cycle.
- Online: Log in to your account and make payments online from any device. Credit card payments are usually posted to your account on the same day if they were processed before 5 p.m. CT. If the payment was made after 5 p.m. but before 11:59 p.m. Central time, these will be processed on the next banking day and will be credited for the date of payment.
- AutoPay: When enrolling your account in AutoPay, your payment is made automatically every month on either the due date or a date you indicate. For AutoPay to work, you’ll need to select an FNBO checking or savings account to make your payment from and set the amount to be deducted.
- Phone: Pay your bill by calling FNBO’s customer care line at (888) 295-5540. Note that if you want your payment to be credited to your account on the same banking day, you must call before 5 p.m. CT, Monday through Friday. You can also use the same number to make a rush payment.
- Mail: You can send your regular credit card payments to:
Bankcard Payment Processing
1620 Dodge St.
Omaha, NE 68197-2210
Alternatively, you can send your overnight credit card payments to the same address. Make sure to include “Attn: Express Payments” when sending it.
First National Bank of Omaha Business Edition® Secured Mastercard® Alternatives
Valley Visa® Secured Business Credit Card
Valley Visa® Secured Business Credit Card
BEST FOR:
Those who need a secured business credit card with fixed-rate cash back rewards
Intro APR
0% introductory APR on purchases and balance transfers for first 6 months
Regular APR
15.70% to 27.25%, variable
Annual Fee
$0
Credit Needed
Poor, Limited
- 1% unlimited cash back on all purchases
- 110% percent of your approved credit limit
- $1,000 to $25,000, based on customer request
Pros
- Applicants with poor or limited credit history can still qualify
- Offers 0% APR on both purchases and balance transfers for six billing cycles
- $0 annual fee
- Offers 1% unlimited cash back on all purchases
- Report to major credit bureaus
Cons
- Credit limits are capped to $25,000
- Requires refundable security deposit of 110% credit limit
- Up to 25 free employee cards only
- Charges foreign transaction fee
- Online account access: Manage your account conveniently through online access.
- Fraud protection alerts: Immediate alerts for suspected fraudulent transactions.
- Visa purchase alerts: Receive near real-time notifications via email or text message for transactions made with your enrolled Visa card.
- Report to major credit bureaus: The card reports account information and transactions to major credit bureaus each month, helping users build credit with responsible use.
Intro APR
0% introductory APR on purchases and balance transfers for first 6 months
Regular APR
15.70% to 27.25%, variable
Annual Fee
$0
Credit Needed
Poor, Limited
- 1% unlimited cash back on all purchases
- 110% percent of your approved credit limit
- $1,000 to $25,000, based on customer request
Pros
- Applicants with poor or limited credit history can still qualify
- Offers 0% APR on both purchases and balance transfers for six billing cycles
- $0 annual fee
- Offers 1% unlimited cash back on all purchases
- Report to major credit bureaus
Cons
- Credit limits are capped to $25,000
- Requires refundable security deposit of 110% credit limit
- Up to 25 free employee cards only
- Charges foreign transaction fee
- Online account access: Manage your account conveniently through online access.
- Fraud protection alerts: Immediate alerts for suspected fraudulent transactions.
- Visa purchase alerts: Receive near real-time notifications via email or text message for transactions made with your enrolled Visa card.
- Report to major credit bureaus: The card reports account information and transactions to major credit bureaus each month, helping users build credit with responsible use.
When To Consider the Valley Visa® Secured Business Credit Card
- You need a 0% introductory APR on purchases and balance transfers: You can make a large purchase or transfer a balance from an existing credit card and enjoy interest-free financing for the first nine billing cycles after opening an account.
- You want to earn cash back on your purchases: It offers 1% cash back on all purchases, regardless of spending categories.
Other Benefits
- $0 annual fee
- Credit limit of up to $25,000
- Up to 25 employee cards at no additional cost
Valley Visa® Secured Business Credit Card leads our roundup of the best secured business credit cards because of its introductory APR period and unlimited rewards. Note that you need to make a security deposit equivalent to 110% of your requested credit limit.
Capital One® Spark® Classic for Business
Capital One Spark 1% Classic
BEST FOR:
Those with fair credit
Intro APR
N/A
Regular APR
30.74% variable
Annual Fee
$0
Credit Needed
Fair
- 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 welcome offer
- 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.
Intro APR
N/A
Regular APR
30.74% variable
Annual Fee
$0
Credit Needed
Fair
- 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 welcome offer
- 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.
When To Consider the Capital One® Spark® Classic for Business
- You have a fair credit score: This is not a secured business credit card—but it requires only fair credit to qualify.
- You do not want to make a security deposit: Since it is a traditional unsecured business credit card, it doesn’t require a security deposit.
Other Benefits
- $0 annual fee
- 1% cash back on all purchases
- Transactions are reported to major credit bureaus, helping you build your credit with consistent on-time payments
The Capital One® Spark® Classic for Business takes the lead in our list of the top business credit cards for fair credit because of its unlimited rewards and lenient approval process. However, it comes with a high ongoing APR, which is why it’s best to pay your balance in full each month to avoid the extra cost.
Discover it® Secured Credit Card
Discover it® Secured
BEST FOR:
Business owners who need help rebuilding credit
Intro APR
N/A
Regular APR
27.74% variable
Annual Fee
$0
Credit Needed
N/A
- Earn cash back and build your credit with responsible use.
- It's a real credit card. You can build a credit history with the three major credit bureaus: Equifax, Experian, and TransUnion.
- Establish your credit line by providing a refundable security deposit from $200 to $2,500 after being approved. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at eight months to see if we can transition you to an unsecured line of credit and return your deposit.
- 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. In addition, earn an unlimited 1% cash back on all your other purchases―automatically
- Get 100% US-based customer service & get your free Credit Scorecard with your FICO® Credit Score
- We match all the cash back you've earned at the end of your first year automatically.
- Receive Free Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
Pros
- With cash back rewards for new and existing cardholders
- Lets you enjoy $0 annual fees
- Offers automatic monthly account review
Cons
- No 0% annual percentage rate (APR) period on purchases and balance transfers
- High ongoing APR
- Updated FICO credit scores: You can get FICO® credit score, key factors, and other credit information on Discover.com and your statement.
- Data privacy: Remove personal information from selected people-search sites that may sell your data.
- Freeze it®: Freeze your account within seconds in the event you have misplaced your physical card
Intro APR
N/A
Regular APR
27.74% variable
Annual Fee
$0
Credit Needed
N/A
- Earn cash back and build your credit with responsible use.
- It's a real credit card. You can build a credit history with the three major credit bureaus: Equifax, Experian, and TransUnion.
- Establish your credit line by providing a refundable security deposit from $200 to $2,500 after being approved. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at eight months to see if we can transition you to an unsecured line of credit and return your deposit.
- 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. In addition, earn an unlimited 1% cash back on all your other purchases―automatically
- Get 100% US-based customer service & get your free Credit Scorecard with your FICO® Credit Score
- We match all the cash back you've earned at the end of your first year automatically.
- Receive Free Social Security number alerts—Discover will monitor thousands of risky websites when you sign up.
Pros
- With cash back rewards for new and existing cardholders
- Lets you enjoy $0 annual fees
- Offers automatic monthly account review
Cons
- No 0% annual percentage rate (APR) period on purchases and balance transfers
- High ongoing APR
- Updated FICO credit scores: You can get FICO® credit score, key factors, and other credit information on Discover.com and your statement.
- Data privacy: Remove personal information from selected people-search sites that may sell your data.
- Freeze it®: Freeze your account within seconds in the event you have misplaced your physical card
When To Consider the Discover it® Secured Credit Card
- You have frequent gas and dining expenses: This is a personal secured credit card that offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. It also offers 1% cash back when the maximum amount is reached.
- You want to earn a sign-up bonus: It offers an unlimited dollar-to-dollar match of all the cash back you earn at the end of your first year.
Other Benefits
- $0 annual fee
- 1% cash back on all other purchases (on top of the 2% cash back on gas and dining on the first $1,000 every quarter)
- Security deposit requirement starts at $200 only
Discover it® Secured Credit Card is one of our leading credit cards for bad credit. Keep in mind that since this is a personal secured credit card, it cannot help you build business credit. However, with responsible use, it can help you improve your personal credit score.
Frequently Asked Questions (FAQs)
Mastercard Easy Savings® is an automatic rebate program offered by Mastercard to eligible business cardholders. With FNBO’s Mastercard Easy Savings® program, you will receive rebates on your purchases at over 40,000 merchants.
If you need to make a rush payment that must be credited to your account within the same day, you can pay online until 11:59 p.m. Central time. You may also call the phone number listed on your billing statement or credit card before 5 p.m. CT, Mondays through Fridays.
Your credit limit will vary depending on your security deposit. FNBO Business Edition® Secured Mastercard® offers credit limits ranging from $2,000 to $100,000—one of the highest limits you can get from a secured business credit card. The bank requires you to make a security deposit equivalent to 110% of your requested credit limit. For example, if you want to have a credit limit of $100,000, your security deposit should be at least $110,000.
Bottom Line
First National Bank of Omaha Business Edition® Secured Mastercard® is a great secured business credit card if you’re looking to rebuild or establish your credit. It offers a credit limit of up to $100,000, making it one of our best high-limit business credit cards. Note that you need to make a security deposit equivalent to 110% of your requested credit limit and it does not offer rewards for new and existing cardholders.
