Kabbage Debit Mastercard®
Comes with business checking account and fast access to funding options
Updated: Jul 4, 2024
The Kabbage Debit Card comes from the leading online provider of lines of credit for small businesses - the Kabbage Working Capital. This Master card gives business owners the ability to make purchases at a wide range of retailers. It's tied directly to a Kabbage checking account, and it allows the users to access funds instantly. It gives additional levels of financial stability and safety. It's not unusual for an online lender to provide additional financial features like this Mastercard. This debit card is simply perfect for everyday use, and it doesn't require the cardholder to transfer the funds to their business checking account, paypal, or any other paying platform, to be able to use the card. It is intended for business owners who are looking for quick finance, a line of credit with an easy application process. The Kabbage Debit Card allows you to access your funding, anytime, anywhere. If these parameters make sense to you, this debit Mastercard might just be right up your ally.
ANNUAL FEE
$0
ONGOING APR
0% Fixed
INTRO APR
N/A
Application Fee
$0
Credit Reporting
No
Recommended Credit Score
Accepts All
Key Features
- No Monthly Fees
- Earn 1.10% APY on your account
- Bill pay & Free ATM access
- Deposit cash at over 90,000 retail locations nationwide.
- Up to 5 Wallets to track savings goals or manage your cash flow.
- Instant Virtual card number to make online purchases until your plastic Debit Mastercard arrives
- $250,000 FDIC-insured and backed
- Kabbage Debit Mastercard is issued by Green Dot Bank, Member FDIC
Our Take
Based in Atlanta, Georgia, the focus of the FinTech lending platform, Kabbage, is mainly on providing small businesses with a range of loans. However, the lender has added one more service to their palette – Kabbage Debit Mastercard. The leading online provider of lending services has launched the Kabbage Card, allowing users to enjoy an increased level of security and financial power. Since the application has requirements for all business owners, the chances that you may be eligible for getting this debit card and a checking account together with Kabbage working capital are high. However, before you get approved for your loan and debit card, the lender will gather your personal and business information for the sake of verifying your eligibility. Once approved, the Kabbage Debit Card allows you to get ahead of your finances.
Who Is the Kabbage Debit Card For?
The Kabbage Debit Card is intended for business owners. It gives them the ability to make purchases of goods, equipment, and necessary items, at any vendor or point of sale, using the means directly from the line of credit. It’s a purchasing card that is directly connected to your Kabbage account. So, if you’re a business owner and you qualify for the lender’s business funding, you can get this new product extension. It’s an additional way of using your available business funds. It brings a high level of convenience and ease of use. It’s like any other card that you can use at online or physical vendors that accept Mastercard/Visa.
Kabbage Debit Card Benefits
One of the best things about Kabbage as a lender is the Kabbage Card. It provides a range of useful benefits for cardholders.
Virtual card Numer
The first one of Kabbage card benefits is instant access to cash with a virtual card number. Since the process of transferring funds to your business bank account may take up to 3 days and receive a plastic card by post may take up to 10 days more, the users that need immediate access can rely on this card to get the funding they need. Anywhere Mastercard and Visa are accepted, the cardholders can access their funding immediately. This debit card pretty much turns your business funding into a valid credit card that you can use at a wide range of retailers, all over the world.
Convenience & Usability
Vast levels of usability, convenience, and accessibility are the biggest benefits that this card has to offer. Cardholders can use this card to go about their daily needs as they would with any other debit card. Swiping the card is easy, while every purchase is deducted from the cardholder’s available line of credit. However, the most significant advantage for users is that they don’t need to transfer funds to their business checking account or PayPal to make purchases.
No fees
The lender doesn’t charge any fees* to use this card, and it doesn’t affect your line of credit. Cover emergency expenses, pay your bills, purchase supplies, and more, with your new debit card.
Are There Any Disadvantages?
Just like with any financial product, there are good and bad sides. The Kabbage Card has many great benefits to offer, but it isn’t without its downsides. The first and most obvious disadvantage of this card is that you have to be eligible to request it. Being eligible means applying for a Kabbage line of credit. If you get approved, you’re free to request the card. While it’s true that this card offers levels of usability, accessibility, flexibility, and convenience that are simply unmatched, you can’t use it to build or rebuild your credit score. The card doesn’t offer any rewards program or bonuses either. Aside from allowing business owners to instantly access their cash and buy necessary items on the go, there is not much you can do with this card. It’s excellent for funding, and that is its sole purpose.
Should You Use This Card?
If instant access to your funding and the convenience of using a card is vital to you, you should definitely use this card. The card issuer gives you access to your funding via apps and banking accounts, but this card is like an additional lifeline that you can use when you need it. The fact that there are no additional fees associated with issuing or using the Kabbage Mastercard, we honestly believe that you should go for it, especially if we add the fact that your credit won’t be affected by the card.
Similar Card Alternatives
| Issuer: | Green Dot Bank |
|---|---|
| Network: | Mastercard® |
| Category: | Business (Stored Value) |
| Best Used For: |
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| Rewards: | No |
| Annual Fee: | $0 |
|---|---|
| Opening Min: | $50 |
| Application Fee: | $0 |
| ATM Fee: | $0 |
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Additional Information & Comments
*Other fees and limits apply
**Out of the Network, ATM access fee is $3.00, plus any additional fee that the ATM owner or bank may charge.
Non-Affiliate Offer Disclosure
*The information provided for Kabbage Debit Mastercard® is believed to be accurate at the time of evaluation and has been collected independently by MarketProSecure®. The card issuer did not provide the details, nor it is responsible for their accuracy.
Kabbage Debit Mastercard®
Reviews - (1 User Reviews)
June 8, 2021
Mark
(46-55) - Cardholder
Income on Application
$0
Credit Score
Don't know
Credit Limit
$0
Filed for Bankruptcy
No
Accessed funds instantly
A debit card from the top online provider of lines of credit for small businesses with instant access to funds!
As a business owner, I’m always on a look out for great ways to get some extra cash on the side to keep my business up and running. I’ve been collaborating with the Kabbage Working Capital for a while now and their lines of credit are well known to me. It was only logical to get this card.
The application was easy and I loved no monthly fee or ongoing APR. The only downside is you must qualify for a business loan to get the card. Aside from that, everything is peachy.
Fees & Charges:
4/5
Features & Benefits:
4/5
Customer Support:
5/5
Application Process:
3/5
Kabbage Debit Mastercard®
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