Richard Moy for Ramp

What is a secured business credit card?

A secured card is a type of business credit card that requires a cash deposit as collateral, which serves as the card’s credit limit. This type of card is often used by businesses that are new, have limited credit history, or are working to improve their credit.

In this article, Ramp covers how secured business credit cards work, their benefits, and how to get a secured card for your business.

How do secured business credit cards work?

Secured business credit cards function by requiring the cardholder to make an initial cash deposit, which directly determines the card's credit limit. For example, a $1,000 deposit would typically allow for a $1,000 line of credit. Unlike prepaid cards , secured credit cards provide actual

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