| Rewards | No traditional rewards program. |
|---|---|
| Signup Bonus | No signup bonus. |
| Annual Fee | None. |
| Cardmember Agreement | View Here |
| Cash Advance APR | 29.24% – 29.74% (APR is subject to change) |
| Cash Advance Fee | $15 or 5% of the cash advance amount, whichever is greater. |
| Late Payment Fee | $29 for the first late payment. $40 if another late payment happens within six billing cycles. |
| Purchases APR | 24.99% – 25.49% (APR is subject to change) |
| * Card terms and offers are subject to change. Confirm current details with the issuer. | |
CARD OVERVIEW
The Business Edition Secured Card from First National Bank of Omaha is best known as a credit-building tool for small businesses—no rewards, no intro bonuses, and no flashy perks. Instead, it’s all about establishing or rebuilding business credit, with a credit line that matches your security deposit.
Most users say they appreciate the predictable structure: no annual fee, a relatively simple approval process, and the fact that the security deposit earns interest. Many reviewers also mention that FNBO’s customer service is more responsive than they expected from a large issuer.
On the downside, people often complain about the high APR, the lack of rewards, and the large minimum deposit (usually starting around $2,000). Some users also point out that it’s not the easiest card to upgrade out of, so it may feel a bit “basic” once your credit improves.
Personally, I think this card makes the most sense for new or credit-challenged business owners who need a reliable way to build business credit without paying extra fees. If you’re hoping for cash back, travel perks, or low-interest financing, you’ll find better value with an unsecured small-business card once your credit profile is stronger.
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