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Secured Business Credit Cards: What They Are & Best Options

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Jason Vissers

Jason Vissers

Expert Analyst & Reviewer: Finance, Payments, eCommerce at Merchant Maverick
Jason Vissers has been researching, analyzing, and writing about small business software and finance since 2015. His financial expertise has been cited in numerous YMYL publications, including the Ladders. Jason graduated with a Political Science degree from San Diego State University in 2001.

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2 Comments

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    Allen

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      This comment refers to an earlier version of this post and may be outdated.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        This comment refers to an earlier version of this post and may be outdated.

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      Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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