Union Bank Business Secure Visa Credit Card Review 2022 – Forbes Advisor
Union Bank® Business secure Visa® credit card* vs. Wells Fargo Business Secured Credit Card*
The Wells Fargo Business Secured Card tops our list of secure business credit cards for its unlimited 1.5% cash back per dollar spent on qualifying purchases or earn 1 point per dollar and receive 1,000 bonus points when company spends $1,000 or more in any monthly billing. period, the absence of annual fees and the absence of foreign transaction fees. Wells Fargo Business Secured also offers up to 10 employee cards at no additional cost and offers a minimum deposit as low as $500 (or up to $25,000). When compared to Union Bank’s Secured Business Visa, it’s no wonder the Wells Fargo Business Secured is the clear winner.
Union Bank® Business secure Visa® credit card* vs Secure Business Edition® Visa® Credit Card*
The First National Bank of Omaha Business Edition Secured Visa charges an annual fee of $39 and offers no rewards. The card’s only redeeming qualities are its much higher deposit maximum of $110,000, but the problem is that a 110% deposit is required for any given line of credit, so a deposit of $110,000 $ only guarantees a line of credit of $100,000 or the minimum security deposit of $2,200. only gets a $2,000 line of credit. The issuer advertises that the deposits may earn interest, but that interest is unlikely to keep up with inflation.
The FNBO Business secure card has a $0 fraud liability, but otherwise lacks significant benefits beyond a small handful of convenience features. The Union Bank Business Secured Visa Card is a winner, except for those looking for a significantly higher credit limit who have the cash to back it up.
Union Bank® Business secure Visa® credit card* vs. Bank of America® Business Advantage Unlimited Cash Rewards Secured Credit Card*
Bank of America® Business Advantage Unlimited Cash Rewards Secured Credit Card* requires a minimum deposit of $1,000 but earns 1.5% cash back on all purchases and has a $0 annual fee. The card also offers a suitcase of travel benefits, including $100,000 in travel accident insurance, car rental collision damage waiver, emergency ticket replacement, lost baggage assistance and medical references on the go and really packs it with purchase protection against loss, theft or fire damage as well as extended warranty coverage.
With no annual fee, the Bank of America® Business Advantage Unlimited Cash Rewards Secured Credit Card* is a better choice than the secure Union Bank Business Visa. It matches both collision damage waiver and $0 fraud liability benefits, offers a host of other benefits, and offers better rewards than many unsecured cards. We understand that credit cards don’t have legs, but if they did, Union Bank’s Corporate Secure Visa still wouldn’t have one to stand on in this game.