Below you’ll find answers to some of our most frequently asked questions regarding the Revenued Business Card, Flex Line, application process, user portal, and more. Don’t see what you’re looking for? No problem! Our team is here to answer any questions you may have. Give us a call at +1-877-662-3489 or email [email protected] and we’ll be in touch within 24 hours. We’re always here to help.
Frequently Asked Questions:
The Revenued Business Card is a flexible business tool that gives your company access to the funds it needs to meet expenses during difficult times. The card was designed for small business owners looking for a flexible financing alternative that might otherwise be ineligible for credit card financing. Even if your business has been turned down by banks, credit card companies, and other business funding sources, it can still reap the benefits of the Revenued Business Card. Read more about what the Revenued Business Card is >
Many business owners, especially in times like these, can’t access a traditional bank loan or choose not to. Maybe they have little to no collateral, are getting out of debt, need immediate access to capital, or do not have a good or excellent credit score. For these businesses, the Revenued Business Card could be a great option. Read more about the purpose of the Revenued Business Card >
The Revenued Business Card can be used just like any money card to make purchases. However, it is unique because its funding model is adjustable enough to underwrite businesses in any industry with limited revenue, operating history, or profitability. There are no credit obligations, no interest, and no damage to your credit report. More about how the Revenued Business Card works >
The Revenued Business Card offers approval for subprime borrowers, a convenient payment card, an option for cash draw, and an online merchant portal. As long as your business has $10,000 in monthly sales, has been operational at least six months, can keep $1,000 in its associated business bank account, and maintain a positive bank balance, the Revenued Business Card could be right for your company. See if the Revenued Business Card is right for your company >
Your business is eligible for the Revenued Business Card primarily if it has a minimum of $10,000 per month in sales and maintains an average daily bank account of $1,000. Additionally, your company must operate in the United States, have been in business for six or more months, have a business bank account, have a bank account that has not gone negative for more than three days in a month, and must not be a start-up. Learn more about your elibility for the Revenued Business Card >
Does My Business Have to Have a Certain Amount of Revenue to Qualify for the Revenued Business Card?
While Revenued doesn’t look at your credit history or assets when deciding if your company qualifies for its business card, it does consider revenue. As long as your gross revenue reaches an average of at least $10,000 per month throughout the year, you could qualify for the Revenued Business Card. See more about revenue requirements for the card >
Applying for the Revenued Business Card is straightforward and can be done online in one sitting. First, review the eligibility requirements and in case you don’t qualify take steps to ensure the conditions are met before filling out your application. Once you are ready to apply, navigate to our online application form. Have your banking credentials, tax returns, and other supporting documents prepared for the fastest possible application experience. How to apply for the Revenued Business Card >
Unlike credit cards, the Revenued Business Card is not tied to your FICO score or credit history. Therefore, applying for the Revenued Business Card won’t affect your credit. Continue reading >
With the Revenued Business Card, you are not paying interest on the money that you use. Instead, you pay back a fixed amount based on another metric known as the factor rate. Factor rates are frequently used for alternative financing products like short-term loans or cash advances and are usually in the range between 1.1 and 1.5. What you qualify for generally depends on the business history, revenue consistency, and revenue levels. Learn more about the difference between factor rates and interest >
The Revenued Business Card is not a credit card and has many key differences. Yet we can look at aspects of the Revenued Business Card that compare to traditional business credit cards, and how those features can benefit your business. Applying for a Revenued Business Card does not entail checking your business credit score or checking your personal credit score. Furthermore, you earn cash back, get cash directly into your bank account and pay for only what you use. Continue reading about how a Revenued Business Card compares to credit cards >
Some of the features that set the Revenued Business Card apart from other financing options programs are you only pay for what you need, there is a cash draw option, no hard inquiries on your credit report, no minimum credit score requirement, and more. Learn how the Revenued Business Card compares to other financing options >
The locations where the Revenued Business Card works include restaurants, gas stations, retailers, airlines, hotels, utility companies, golf courses, and more. The Revenued Business Card is designed to have the convenience and versatility of a credit card while allowing it to work in more locations worldwide. Where else does the Revenued Business Card Work >
If you’re considering applying for the Revenued Business Card, first determine your eligibility. Ensure your business is based in the U.S
- Set up a business bank account
- Monitor your bank account balance
- Keep your bank account positive
- Stay operational for at least 6 months
- Maintain a monthly revenue of $10.000.
Access your Payment Calendar via your online merchant portal or the Revenued app. Your convenient calendar gives you a daily, weekly, or monthly account snapshot to help you manage your cash flow. Monitor:
- Spending balance
- Estimated (future) payments
- Estimated PayNow balances
Revenued Business Card bill payments are deducted automatically from your business bank account, meaning you won’t have to worry about missing an installment. Continue reading >
Your sensitive and personal information is safeguarded through vigorous operational, electronic, and physical practices and policies. Our servers are equipped with Secure Socket Layer (SSL) certificate technology which encrypts all information entered into your Revenued Business Card Portal. Continue reading about how your information is protected >
The Revenued Business Card is not a credit card, therefore, it is not structured to receive debt of any kind. Even though it looks and spends like a credit or debit card, it is funded by your company’s future revenue. Despite not being able to make a traditional balance transfer, you can use your Revenued Business Card to reduce your high-interest debt. Continue reading >
A Business Card such as the Revenued Business Card offers financial flexibility and access to cash flow, points and cash-back rewards, the chance to boost your credit rating, separate accounts and streamlined record-keeping, keeping better tabs on employee spending as well as a higher credit limit and purchase protection. Learn more about the benefits of a business card >
When shopping around for a new business card, look out for special financing options, examine the card’s insurance and protection, compare luxury perks, and finally consider your costs. What else you should look for >
After you get the Revenued Business Card, you can use your online merchant portal to control your company expenses. You can check your account activity as well as your payment calendar. With your online portal, you can monitor:
- Spending balance
- Estimated (future) payments
- Estimated PayNow balances
And more! Continue reading >
The Revenued Business Card excels in flexibility and convenience. As an alternative financing product, it ensures short-term funds that can be accessed as a lump sum advance or when you use it for purchases. With the Revenued Business Card you have access to an adjustable spending limit, cash draws, a financial management portal, and a spending activity app. Together with every Revenued Business Card comes a Revenued Flex Line. You can use the Flex Line to deposit cash directly into your account instead of using it as a card to swipe for purchases. Unlike a lump sum MCA you only pay for what you need when you need it. Learn more >
Notifying Revenued and any relevant lenders or credit card companies with your new address is a crucial step to take before moving. It ensures your replacement credit cards, statements, and tax documents follow you to your new address.
There are three primary ways to change your U.S.-based business address with Revenued:
- By mail
- By phone
- Via your online merchant portal
Yes, you can get a Revenued Business Card for each of your companies as long as each of them qualifies for the Revenued Business Card. The criteria for obtaining a card are based on your business’s revenue and bank activity, not on your finances or credit. Continue reading >
The Revenued Business Card is not a loan or a credit card; therefore, you are not repaying the funds. You are paying the cost of accessing your future sales revenue. When you make a purchase with your Revenued Business Card, your online Payment Calendar will reflect the cost of the purchase and your daily payment amount. Payments are automatically deducted from your bank account each day. It is your responsibility to ensure you adequately match your actual sales against the forecasted amount so that the deduction doesn’t bounce. If your sales are less than originally forecast you need to contact customer service to change the daily amount. This is commonly known as the true up. If your payment bounces without prior notice, you will incur a $35 bounce fee. Read more >
Hard credit inquiries typically happen when you put in credit card, loan, or mortgage applications, and they usually require your authorization. Soft inquiries, credit checks, or pulls take place when a company or individual (or you) checks your credit report as part of a background check.
Approval for the Revenued Business Card isn’t based on your credit score. However, we perform a soft credit inquiry to ensure a consistent payment history and make sure you have no previous Merchant Cash Advance (MCA) defaults. Read more >
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