Vystar® Savings Secured Business Visa® credit card

Reports to Business Credit Reports

VyStar Credit Union offers a secured business credit card that reports to the business credit reporting agencies.

This is a good starter card for building business credit.

Issued by Vystar Credit Union

Overview/Requirements

  • Credit check and personal guarantee required
  • Credit limits from $500 up to $25,000
  • Secured by a VyStar CD or savings account
  • No annual fee
  • No length of time in business required
  • Reports to business credit reports
  • Must be a Vystar credit union member to apply

Business Credit:

  • Reports to business credit reports

To apply go to => https://vystarcu.org/business/borrow/business-credit-cards

  • 1

    No Personal Guarantor

    What is a personal guarantee? A personal guarantee is a written promise from a business owner guaranteeing that payment will be made in the event that the business fails to pay.
    Whether the business enters into a lease, applies for a business loan or line of credit, you’ll find that many creditors will require a personal guarantee to secure financing especially if you’re a small business.
    Corporate charge cards have certain revenue requirements that is large enough and profitable enough that no personal guarantor is required.

  • 2

    Obtaining a Corporate Card

    Obtaining a corporate credit card account for your business will often require a conversation with a corporate account manager. Be prepared to provide data and documents about your company's financials, including revenue statements and bank account information prior to applying.

  • 3

    Waivable Personal Guarantee Requirements

    In some cases, you don't need to meet million dollar+ revenue requirements to obtain a corporate charge card. A small number of charge cards such as the Smart Corporate Card, Brex & Ramp (listed here) have much lower dollar amounts.
    There are also retail co-branded business credit cards that offer the option to waive the pg requirement such as the Sam Club Business Credit Card.