topic Wells Fargo Business Secured Card reporting in Business Credit

Wells Fargo Business Secured Card reporting

Red1Blue — Sat, 05 Sep 2020 23:12:47 GMT

Does Wells Fargo Business Secured card still report to Business Credit Reporting Agencies. I remember reading some place they stopped reporting to commerical Credit Reporting agencies like D&B and Experian Business. Do they still report ? Is it worth getting their secured business credit card?

Re: Wells Fargo Business Secured Card reporting

Anonymous — Sun, 06 Sep 2020 00:32:45 GMT

https://ficoforums.myfico.com/t5/Business-Credit/Which-Bank-Biz-Cards-Report-To-Biz-Credit-Reports/td-p/5542736

Re: Wells Fargo Business Secured Card reporting

Red1Blue — Sun, 06 Sep 2020 00:35:44 GMT

@Anonymous wrote:
https://ficoforums.myfico.com/t5/Business-Credit/Which-Bank-Biz-Cards-Report-To-Biz-Credit-Reports/td-p/5542736

Hi @Anonymous, I saw that. Just few days ago I read some place that Wells stopped reporting. Not sure how true that is. I am going to call them on Tuesday and find out. Also in order to open the secured card we need to maintain a checking or savings account with them. Not sure if it is really worth the efforts of going through all these hoops to get a secured card from Wells. I want to see what other options are available for secured business cards before I jump into Wells Band Wagon.

Re: Wells Fargo Business Secured Card reporting

Conceptual23 — Tue, 20 Oct 2020 12:47:32 GMT

I'm curious about this as well.

Re: Wells Fargo Business Secured Card reporting

Anonymous — Tue, 20 Oct 2020 18:56:02 GMT

As far as I'm concerened WF Secured seems to be the best option, as least from what I've read, for secure Biz cards with no AF.

I don't know if you've read this post from 4/13/20, but is was pretty informative.

As for the reporting issue I'll assume that they still do until more solid DP's point to otherwise. Often times if you're not using said card then it will not report.