The Revenued Business Visa Card by Sutton Bank caters to business owners, making running a business and keeping your credit score1 high seem like an easy task. Many business owners use this Visa card to make purchases that will help their businesses grow. You can apply for this card even if your credit score is not at its best or you have no credit history.
Revenued Business is Best for
- USA based business owners
- Business professionals with a poor credit score
- Those who don’t want additional fees
- Business owners with no credit history
What Are Revenued Business Card Advantages
The Revenued Business Visa card offers many benefits to those who are just starting their business or want to grow their existing company. It caters to business owners and has several advantages.
Many business cards offer cashback2 rewards, but this one might be ahead of its competitors. Once you open your account and start using the card, you are eligible for up to 3% cashback rewards on all the purchases you make with your card.
Moreover, you will get $500 back on $5,000 spent within the first three months of opening an account.
No credit score requirements
If you want to start taking care of your finances as a business owner but don’t know where to go with your low credit score, this card might be perfect. It enables almost anyone to apply and enjoy its benefits. You can get approval even with no credit history because it’s a debit card, not a credit card. The issuer doesn’t pull a hard credit check but considers your revenue.
No maintenance fees
This prepaid card doesn’t have any fees for maintaining and using it. You can open an account for free and freely spend the money without worrying about additional charges. There are no annual or monthly fees that you have to pay to use your card.
In the world of technology, using your card in digital form can come in handy. Using the digital baking features this card offers gives you an insight into your balance and spending and a calendar that contains data about your daily, weekly, and monthly spending.
This card has an option to access the Flex Line feature. With this feature, you can quickly transfer your assets and deposit them in cash. You can get a flexible spending limit and determine how much money you want to use. You will pay only for what you use, not a penny more.
Are There Any Disadvantages?
Although there are many advantages to using this prepaid card, there are still some things that are not quite the best. However, there are many more advantages than disadvantages to using this card. Let’s look at some potential drawbacks to consider before applying.
There is a limit to how much money you can spend daily, monthly, and yearly. For example, you can spend up to $10,000 daily and the same amount on a single purchase, but you can spend a maximum of $50,000 monthly. If you are a business owner with more expenditures, you should consider using another business card.
Many people think that the Revenued Business Visa card helps them rapidly build a credit score. Although it may help establish or improve your credit score, it is not its primary use.
This card is a prepaid debit card; you can deposit as much money as you want, but that is the money you have earned – your revenue3. You won’t be borrowing money from the bank. You will have to use the Flex Line feature to build your credit score.
No intro APR
This card may not be for you if you’re looking for an introductory APR on balance transfers or purchases. It doesn’t have this promotional feature to help you save on interest.
It might be a deal-breaker if you’re counting on a low interest rate to make a significant purchase to start your business or grow your established company.
What Makes Revenued Different?
No credit requirements
Many business cards available on the market can help you build your credit score and your business from the ground up. However, this card’s issuer had something else in mind. Their policy states that you don’t have to have a good credit score to be able to use your card for business purposes. It is one of the things that makes this card different from other business cards on the market.
High cash back rewards
Another feature making it stand out is the cashback. Many other cards offer cashback rewards, but few of them give back 3% cash on every purchase you make. Other cards usually have limitations regarding merchants that will give you cashback, but you can spend your money anywhere with this card and still get some percentage back.
Can improve credit
The Revenued Business Visa card might not solely be a card that will increase your credit score; you need to use the Flex Line feature to build your credit. However, this card is an excellent option for those who want to make business progress but don’t know where to start.
What Are the Requirements to Apply?
- Be in the US in operation for 6 months or more (No start ups)
- Have a separate business bank account
- No more than 3 negative balance days each month
- $10,000 or more in deposit volume each month
- Not be a sole proprietorship.
- Not be a financial services company or law firm
The Revenued Business Visa card is one of the best business cards. You don’t need a good credit score to apply and use it to grow your business. Moreover, there are many benefits to this card that we have mentioned above. The most crucial part is that you don’t have to pay a fee for using the card. You can deposit your money and spend it freely without the pressure of paying a fee for every purchase or monthly maintenance. Moreover, you can earn back some money with the cashback feature.
Overall, using the Revenued Business Visa card is an excellent way to keep track of your business’s finances and do it without a fee. We recommend it to both startups and established companies.
Frequently Asked Questions
- What is Credit Score? CBS News
- What is Cashback? CFI
- What is Revenue? Investopedia