BBVA Secured Visa Business Credit Card Review [2021]: Build Credit And Earn Rewards

The BBVA Secured Visa Business Credit Card is one of the few secured credit cards that feature rewards and travel perks.
Last updated Jun 18, 2021 | By Kevin Payne

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Establishing credit is a difficult feat for many new businesses, but the BBVA Secured Visa Business Credit Card can make this challenging task a little easier. With this secured credit card, you put down a security deposit from your BBVA savings account that acts as your credit limit.

Although many secured credit cards don’t offer extra perks, the BBVA Secured Visa Business Credit Card comes with some helpful travel and purchase benefits and rewards on qualifying purchases. Here’s a closer look at this secured business credit card from BBVA.

Build Credit as a Business Owner

BBVA Secured Visa Business Credit Card

BBVA Secured Visa Business Credit Card

BBVA Secured Visa Business Credit Card

Benefits

  • Secured by a savings account
  • Free employee cards
  • No annual fee for first year

Drawbacks

  • Minimum deposit of $500 required
  • No sign-up bonus

In this BBVA Secured Visa Business Credit Card review

Who should get the BBVA Secured Visa Business Credit Card?

The BBVA Secured Visa Business Credit Card is for business owners who want to build credit by using a secured credit card. As you make purchases with a secured card and pay them off responsibly, your payment history is reported to the credit bureaus. Over time, your credit could start to improve, opening up more opportunities for you and your business.

The BBVA Secured Visa Business Credit Card might also be an excellent card for business owners who want to earn rewards for their business purchases. Every dollar spent on all qualified purchase using your BBVA Secured business card earns 1.5X points. It’s unusual for a secured credit card to offer rewards, so this sets the BBVA Secured Visa Business Card apart from similar cards.

If your business already has an established credit history, you may be better off with another card. The best business credit cards earn bonus points in categories that make sense for your business and come with a wide variety of travel and additional card perks.

Card basics

Card type Business
Credit card issuer BBVA
Credit card network Visa
Annual fee $40 (waived first year)
Reward rate 1.5X points on all qualified purchases
Recommended credit score Bad, Poor
Foreign transaction fee 3%

BBVA Secured Visa Business Credit Card benefits and perks

  • Affordable annual fee: Many business rewards credit cards come with high annual fees, but the BBVA Secured Visa Business card’s annual fee is $40 (waived first year).
  • Free employee cards: You can add employee cards to your account for free.
  • Visa liability waiver: You are protected against card misuse by terminated employees up to $100,000.
  • Car rental coverage: Rental cars paid for with your BBVA Secured Business card are covered with auto collision, damage, and loss insurance.
  • Travel perks: Your BBVA business card gives you access to valuable travel benefits such as travel and emergency assistance and travel accident insurance coverage up to $500,000.

Drawbacks to the BBVA Secured Visa Business Credit Card

  • Limited access: The BBVA Secured Visa Business card is available only for residents of seven states — Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico.
  • Bank account requirement: To qualify for this BBVA business card, you need to open (and keep open) a BBVA savings account as a collateral account to secure the credit card. The minimum deposit to open an account is $500, and you can make additional deposits in $100 increments.
  • In-person application: Unfortunately, applying for this small business credit card requires an in-person visit to a local BBVA branch.

Earning and redeeming BBVA Rewards

Potential earnings in years one and two

Here's a look at how your points can add up with the BBVA Secured Visa Business Credit Card. To calculate these values, we used a point valuation of one cent.

Remember, this is an estimation. The actual value will be determined by how much you spend.

Year one earnings: $502.50

Year two earnings: $462.50

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model, which looks at points earned via spending and the annual fee.

Best ways to earn

There’s only one way to earn rewards with the BBVA Secured Visa Business Credit Card, and that’s by using the card for all of your business purchases. You can 1.5X points on all qualified purchases, and you’re automatically enrolled in the BBVA Rewards program when you open an account.

You can maximize your rewards by providing your employees with cards, which are available at no charge. Business owners can set spending limits on employee cards, with each purchase itemized on monthly statements to simplify expense tracking. Employees can earn points from their spending at the same rate as the primary cardholder.

Categories Rewards rate
All qualified purchase 1.5X

Maximizing your redemptions

There are only two options when redeeming BBVA Rewards points. You can redeem your points for statement credits or gift cards with participating merchants. Points are worth 1 cent each, and the minimum redemption is 2,500 points for both redemption options.

You have the option to redeem your BBVA points through the rewards website, accessed through your online account or the BBVA mobile banking app. You can also call the BBVA Rewards redemption center at 844-285-8383 when you’re ready to redeem your points.

As you’re saving up points to redeem, it’s important to remember that your BBVA points can expire if they are unused. Rewards points expire 36 months after they are earned.

BBVA Secured Visa Business Credit Card FAQs

Is the BBVA Secured Visa Business Credit Card a good card?

BBVA Secured Visa Business Credit Card is geared toward business owners with bad credit or a limited credit history. It can be a good card to help you establish or improve your credit while earning rewards for your business spending.

What credit score do you need for the BBVA Secured Visa Business Credit Card?

The BBVA Secured Visa Business Credit Card is a secured card, so credit score requirements are lower than what you’d see with an unsecured business credit card. You might be able to get approved for this card with a poor credit score. Poor credit scores typically start at 300, for both the FICO and Vantage scoring models.

Is the BBVA Secured Visa Business Credit Card available to everyone?

No, the BBVA Secured Visa Business card is only available in Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico. This card also requires that you have a BBVA savings account that acts as a security deposit and credit line for the card account. The minimum opening deposit for the savings account is $500.

Does BBVA offer any other resources for small business owners?

BBVA offers full-service banking for small businesses, including checking and savings accounts, credit cards, various loan products, merchant services, online and mobile banking, and more.

Does the BBVA Secured Visa Business Card have an annual fee?

The BBVA Secured Visa Business Credit Card has an annual fee of $40 (waived first year).

Other cards to consider

If you have good credit or excellent credit, you might be better off applying for a different card for your business expenses. The Chase Ink Business Unlimited Credit Card is more widely available than the BBVA Secured Visa Business Credit Card, and this credit card offers a generous sign-up bonus: Earn $750 bonus cash back after spending $7,500 in the first 3 months. You’ll get 1.5% cash back on all spending and other perks, including flexible redemptions and free employee cards, all for a $0 annual fee.

Another popular rewards credit card among business owners is the Capital One Spark Cash for Business. Not only does the card offer 2% cash back on every purchase, every day, but it also comes with a $500 one-time bonus when you spend $4,500 in the first 3 months of account opening. It can be a great choice for travelers, with no foreign transaction fees and roadside assistance. You can also request free cards for employees like you can with the BBVA cards.

Build Credit as a Business Owner

BBVA Secured Visa Business Credit Card

BBVA Secured Visa Business Credit Card

BBVA Secured Visa Business Credit Card

Special Offer

No annual fee for first year

See how these cards compare:

Chase Ink Business Unlimited Credit Card
Chase Ink Business Unlimited Credit Card
  • New Offer: $750 cash back sign-up offer
  • Unlimited 1.5% cash back on all spending
  • 0% APR for 12 months on purchases
  • No annual fee
Capital One Spark Cash for Business
Capital One Spark Cash for Business
  • $500 cash welcome bonus
  • 2% unlimited cash back
  • Free employee cards
  • No foreign transaction fee

Author Details

Kevin Payne Kevin Payne is a freelance writer specializing in student loans, credit cards, personal finance, and travel. He is a regular contributor to Club Thrifty, Millennial Money, and Student Loan Planner. As the budget and family travel expert behind FamilyMoneyAdventure.com, Kevin recently turned his writing side hustle into his full-time career. He lives in Cleveland, Ohio, with his wife and four kids.