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Secured Business Credit Cards: What They Are And Best Options

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Jason Vissers

Jason Vissers

Jason Vissers is a writer and cereal chef from San Diego. He graduated with a Political Science degree from San Diego State University in 2001. He's been writing about website builders, crowdfunding sites, online lenders, and credit cards for Merchant Maverick since 2015. Additionally, Jason can't eat raisins.
Jason Vissers
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    Question…I know fees and interest and a few other odds and ends are valid business expenses when dealing with unsecured credit, but do you know if the required deposit needed to open a secured card is valid business expense? i.e. if you opened a secured credit card for $1000 and put down a $1000 deposit, is that $1000 deposit a qualified business expense?

      This comment refers to an earlier version of this post and may be outdated.

      Jessica Dinsmore

      Hi Allen,

      We can’t say for sure, as this isn’t something we’ve encountered before. That said, we don’t think it qualifies, since you’re not actually losing the money as you’ll get it back with interest (theoretically). Sorry we couldn’t offer a definitive answer for you.

        This comment refers to an earlier version of this post and may be outdated.

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