Ideal for New Businesses, Nonprofits and Political Campaigns
Organizations without borrowing capacity or traditional finances can get credit cards for their staff quickly from Chain Bridge Bank, N.A.
The Secured Business Credit Card arrives within 10 days of approval and comes with full onboarding support. The application does not require financial statements for credit limit requests below $100,000.
The amount of cash needed to secure the cards is 110% of the approved credit limit. For example, a $10,000 credit limit would be secured by an $11,000 deposit account pledged as collateral. The 10% overage covers interest, late fees and potential over-the-limit transactions.
The pledged cash comes with full deposit servicing from Chain Bridge Bank, N.A., which is renowned for providing every commercial depositor with a relationship officer who has the authority to make quick decisions and resolve problems for the client.
New businesses, nonprofits and political campaigns seeking to scale quickly will benefit from the Chain Bridge Bank, N.A. Secured Business Credit Card. It offers a fast and simple way to get a contactless Mastercard for use by everyone who needs one—with relationship-based service rather than just a toll-free number on the back.
The Chain Bridge Bank, N.A. Secured Business Credit Card features:
- No financials required for credit limit requests under $100,000.
- Estimated card arrival within 10 days of approval.
- Deposit servicing for the 110% required cash collateral.
- Lower Annual Percentage Rate than unsecured credit cards.
- Interest rate derived from the U.S. prime rate.
- Mastercard Just Tap & Go™ contactless payment technology.