Valley Visa® Secured Business Credit Card is a secured business credit card perfect for those needing an option that offers both an introductory 0% introductory period and fixed-rate cash back rewards. Aside from the 0% introductory period and fixed-rate cash back rewards, this card also charges $0 annual fees and has low minimum regular interest rates.
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
- 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.
- 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 grading secured business credit cards like the Valley Visa® Secured Business Credit Card, we rate the annual fee, ongoing annual percentage rate (APR), introductory APR, rewards, security deposit requirements, other fees, and additional features.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Annual Fee | 25 | 25 |
Ongoing APR | 20 | 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 | 75 | 100 |
Who the Valley Visa® Secured Business Credit Card Is Best For
- Those who need to rebuild or establish their credit: Those with a 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 to maximize their business expenses: This 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 Valley National Bank checking account, it will be advantageous to secure this card as it will enable you to manage all of your financial transactions within one bank. Check out our Valley National Bank business checking review for more information.
Valley Visa® Secured Business Credit Card Rewards
- Unlimited 1% cash back on all purchases
Valley Visa® Secured Business Credit Card Calculator
Use our calculator to compute the potential rewards you might earn from using the Valley Visa® Secured Business Credit Card. Input your projected monthly spending per category and let our calculator do the rest.
Valley Visa® Secured Business Credit Card Features
- Fraud alerts: Receive immediate fraud protection alerts via text and email whenever a suspected fraudulent transaction is detected.
- Employee cards: Create up to 25 employee cards under one account at no additional cost.
- Online statements: Be issued electronic monthly statements, which can help clear paper clutter and make it easier for you to organize all of your transactions.
- Payroll processing: Get full access to ADP®, the worldwide leader for payroll solutions and Valley’s preferred payroll processor and receive access to a suite of services that can help manage all of your transactions.
Valley Visa® Secured Business Credit Card Fees
APRs
- Introductory: 0% on purchases and balance transfers for the first six billing cycles from card opening.
- Ongoing and balance transfers: 16.20% to 27.75% variable, which adjusts with the prime rate
- Cash advance: 19.00% 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: $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.
- In-person: Visit the nearest Valley Visa branch.
Valley Visa® Secured Business Credit Card Alternatives
Emburse Spend Card
Despite being a secured business credit card, Valley Visa® Secured Business Credit Card still charges regular interest rates for purchases and balance transfers. If you don’t want to incur credit card debt, consider Emburse Spend Card, as it lets you use only the balance loaded in your Emburse Spend Account to make transactions. Plus, you can earn unlimited cash back rewards.
 Emburse Spend CardBEST FOR: Earning unlimited cash back rewards | |
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Capital One® Spark® 1% Classic
If you have at least fair credit standing and prefer an unsecured business credit card, then we suggest the Capital One® Spark® 1% Classic. Aside from the fixed-rate cash back rewards on all purchases, it offers premium cash back if you book your hotels and rental cars through Capital One Travel.
Capital One Spark 1% Classic
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 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.
- 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.
U.S. Bank Commercial Rewards Card
If you are a middle-mark business with at least $10 million in annual revenue, want a card that can be linked to an organization’s account, and prefer to pay your balances in full each month, then we recommend the U.S. Bank Commercial Rewards Card. Aside from the card charging $0 annual fees, it offers a single, intuitive platform that lets you manage your cash flow and streamline your business’ expenses processes.
 U.S. Bank Commercial Rewards CardBEST FOR: Those who want rebates and low costs | |
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Frequently Asked Question (FAQs)
Valley National Bank is located in the following states: Alabama, Florida, New Jersey, and New York.
You can either apply online or visit the nearest Valley National Bank branch to apply for the Valley Visa® Secured Business Credit Card.
Bottom Line
Valley Visa® Secured Business Credit Card is a viable secured business credit card for either rebuilding or establishing business credit. It offers a 0% introductory APR on both purchases and balance transfers and an unlimited 1% cash back on all purchases. However, you can only get a credit limit of up to $25,000.
