Valley Visa ® Secured Business Credit Card Review for 2024

This article is part of a larger series on Best Small Business Credit Cards.

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.

If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.

Valley Visa® Secured Business Credit Card

Those who need a secured business credit card with fixed-rate cash back rewards

on Valley Visa® Secured Business Credit Card's secure website.

Overview

Card Details

• 1% unlimited cash back on all purchases

Pros & Cons

• Customers with limited credit history or credit issues 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

• Credit limits are up to $25,000 only
• Requires a security deposit equivalent to 110% of requested credit limit
• Up to 25 free employee cards only

Additional Features

• Online account access
• Immediate fraud protection alerts for suspected fraudulent transactions
• Visa purchase alerts
• 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

Pros

• Customers with limited credit history or credit issues 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

Cons

• Credit limits are up to $25,000 only
• Requires a security deposit equivalent to 110% of requested credit limit
• Up to 25 free employee cards only

• Online account access
• Immediate fraud protection alerts for suspected fraudulent transactions
• Visa purchase alerts
• The card reports account information and transactions to major credit bureaus each month, helping users build credit with responsible use

on Valley Visa® Secured Business Credit Card's secure website.

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.

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

Call Valley National Bank at (800) 522-4100 or visit the nearest Valley National Bank branch to learn more about the ways to redeem your earned cash back.

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 Card

BEST FOR: Earning unlimited cash back rewards

• You can set spending restrictions depending on your business needs.

• Deposits to Emburse Spend are limited to a maximum of $100,000—you may request for a higher limit subject to approval.

• No additional costs for using Emburse Spend and issuing virtual and physical cards

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

Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.