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The Valley Visa® Secured Business Credit Card is designed for business owners looking to build or improve their credit. This secured card requires a cash deposit of 110% of your desired credit limit, up to $25,000. Cardholders benefit from a 0% introductory Annual Percentage Rate (APR) on purchases and balance transfers for the first six billing cycles, plus unlimited fixed-rate cash back rewards. It comes with a $0 annual fee and a minimal foreign transaction fee.
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.
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When grading secured business credit cards like the Valley Visa® Secured Business Credit Card, we rate the annual fee, ongoing 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: A great option for business owners with poor or no credit, as it reports to major credit bureaus.
- Those who want to maximize their business expenses: Earn unlimited 1% cash back on all purchases, regardless of spending categories.
- Those who want a 0% introductory APR on purchases and balance transfers: It offers interest-free spending for the first six months—useful for businesses needing short-term financing.
- Those who need flexible spending with a custom credit limit: The credit limit is tied to a deposit of 110% of the limit, up to $25,000, allowing businesses to set a limit that aligns with their financial comfort.
- Those who manage multiple employees: With no extra cost for up to 25 employee cards, this feature helps simplify expense management across a team.
- Those with an existing business checking account with Valley Visa: This card makes it easy to manage all your finances in one place.
Valley Visa® Secured Business Credit Card Rewards
Unlimited 1% cash back on every purchase. The rewards will never expire as long as your account remains active; however, if there’s no activity for 12 statement cycles, your rewards will expire.
The table below shows an example of potential rewards value based on the 1% cash back rate and an estimated annual spend of $25,000.
Category | Reward Rate | Estimated Annual Spend | Reward Annual Value |
|---|---|---|---|
All Spending | 1% | $25,000 | $250 |
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
- Online access: Manage your accounts on the go with its mobile app and secure online portal.
- Automatic bill pay: Set up scheduled payments for regular bills with ease and convenience.
- Account alerts: Stay updated with notifications to help monitor account activity in real time.
- Online statements: Access electronic monthly statements to reduce paper clutter and streamline transaction organization.
- Free credit score Free credit score access is available through online account access only. access: Monitor your credit score for free, helping you stay informed about your financial health.
- Fraud alerts: Receive real-time fraud protection alerts via text and email whenever a suspicious transaction is detected.
- Employee cards: Issue up to 25 employee cards at no extra cost, making it easier to manage team expenses under one account.
- Payroll processing: Enjoy full access to ADP®, a leading payroll processor, with a suite of tools to simplify payroll and transaction management.
- Zero fraud liability: You are protected against unauthorized charges when your card is lost or stolen.
Valley Visa® Secured Business Credit Card Fees
APR
- Introductory: 0% on purchases and balance transfers Balance transfers must be made within 30 days from account opening to qualify. for the first six billing cycles from card opening
- Purchase: 15.70% to 27.25%, variable
- Balance transfer: 15.70% to 27.25%, variable
- Cash advance: 18.50%, variable
- Penalty 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. : 27.25%, variable
Fees
- Annual: $0
- 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)
- Cash advance: Either 4% of the amount of each cash advance or $5, whichever is greater
- Late payment: Up to $39
- Overlimit: $0
- Returned payment: Up to $39
- Activity: 50 cents 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 period, with no interest on purchases if paid in full.
- 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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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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Costs | Terms |
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Qualifications | Features |
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Discover it® Secured Credit Card
If you’re looking for something that requires only a low security deposit ranging from $200 to $2,500, then the Discover it® Secured Credit Card is an excellent option. It offers cash back on every purchase, has a $0 annual fee, and helps build your credit when used responsibly, as Discover reports your payment and usage history to the major credit bureaus.
Discover it® Secured
BEST FOR:
Business owners who need help rebuilding credit
- 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
- 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
Frequently Asked Questions (FAQs)
Valley National Bank operates over 230 branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois. To find one near you, visit its branch locator on the official website.
To enroll in online banking, visit onlinebanking.valley.com and fill in your details. You can also access your online account through Valley’s Mobile App.
You can either apply online or visit the nearest Valley National Bank branch to apply for the Valley Visa® Secured Business Credit Card.
While Valley National Bank may not require full financial statements for a secured card, you will need to show proof of your ability to fund the security deposit (equal to 110% of your desired credit limit).
Bottom Line
The Valley Visa® Secured Business Credit Card is a particularly good choice for startups and newer businesses that lack established credit. It offers the chance to build credit, earn rewards, and benefit from an introductory APR on both purchases and balance transfers—a unique feature for a secured card. However, you can only get a credit limit of up to $25,000.