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Frequently Asked Questions
The Wells Fargo Business Secured credit card is a great option for business owners who need to build their credit and can afford a larger security deposit. Much like other secured credit cards, this card’s limit will depend on your deposit amount. It also offers a rewards program and no foreign transaction fees.Do business credit cards report to the IRS?
Under the rule, certain payments for goods and services paid by credit card or third party merchants are reported to the IRS using a federal form 1099-K, Merchant Card and Third Party Network Payments (form downloads a as a pdf).