Our Take
The Union Bank® Business Secured Visa® is designed to help individuals and small businesses establish their credit profile. With a competitive APR of 16.24% and an annual fee of just $30, this card provides a cost-effective solution for managing everyday expenses while building credit. Unlike traditional unsecured credit cards, this secured card requires a cash collateral deposit that serves as your credit limit, making it an optimal choice for those starting their credit journey or looking to rebuild after financial challenges.
This card includes benefits such as fraud protection, purchase protection, and auto rental insurance, ensuring you have peace of mind on your spending. The application process is streamlined, allowing you to get started on the path to a better credit score with minimal fuss. While the card does not offer rewards or sign-up bonuses, its focus on functionality and credit rebuilding makes it a practical choice.
With the Union Bank® Business Secured Visa®, you can begin to repair your credit while enjoying essential protections and features. Additionally, it gives you the opportunity to transition to unsecured credit products as your credit improves, allowing for greater financial flexibility in the future.
Intro Offer
Bonus History
Currently, the Union Bank® Business Secured Visa® does not offer sign-up bonuses or tiered bonuses based on spending. Instead, its focus remains on facilitating the improvement of your credit profile while providing essential features and protections.
Recommended Credit
Disclaimer: Having the recommended credit does not guarantee you will get approved, and not having the recommended credit does not imply you will absolutely not get approved. Learn how credit scores affect approval rates.
Rewards
While the Union Bank® Business Secured Visa® does not offer traditional rewards programs or cash back, it serves as a vital tool for improving your credit profile. By using this card responsibly, cardholders can transition to higher value credit cards in future.
Everything Else
This card does not offer rewards for purchases, as it focuses on securing your credit and helping you establish a payment history.