Revenued Review

Pros

• No annual or monthly fees
• No FICO score or credit check required
• 3% cash back on purchases
• $500 welcome offer
• Available with poor credit or no credit history

Cons

• Factoring costs can top typical APR
• Cannot carry a balance
• Does not build a credit profile
• Not available to new startups

What Is The Revenued Business Card?

Revenued Business Card is a prepaid Visa spending card tied to the user’s business bank account. This business spending card is tied to your future business revenue and allows you to open a flexible line of credit, with future sales as collateral. Because of this unique approach, Revenued is available to businesses with a poor credit history, with no credit check or FICO requirements and is featured on our list of the best startup business lenders for bad credit.

Revenued charges no monthly or annual fees for using its Business Card, and you won’t pay interest on your loan. However, that doesn’t mean you can count on using Revenued at no cost whatsoever, as Revenued relies on a business model known as factoring.

Factoring is a way for B2B business owners to improve their cash flow by borrowing against future earnings via invoices.

That’s a simple summary of a complex financial arrangement. You may want to learn more about how factoring works to understand the true costs of factoring and if it’s a good fit for your business finances.

Revenued Business Card Rewards & Perks

Revenued’s Business Card is a Visa card that offers some enticing rewards to users. That includes a generous welcome offer and a cashback rate that stands out among the competition. Let’s take a closer look.

Revenued Business Card Pricing & Fees

Revenued does not charge any upfront fees for using its Business Card.

However, you can expect to pay a fee called factoring charges when you draw on your Revenued funding.

Revenued charges a fixed factor rate that can vary among users between 1.1 and 1.5. The factor rate Revenued applies to your account will depend on a number of variables, including your business history, revenue history, and bank balance. If you’re not familiar with factoring, note that factor rates are typically expressed as a decimal figure, rather than a percentage like you find with an APY.

Check out our merchant cash advance calculator to help understand what these factor rates mean in real dollar amounts. Merchant cash advance fees are similar to factoring rates, so you can use this calculator to understand what you’ll pay when you use the Revenued Business Card. As an example, using this Merchant Maverick calculator, if you draw $5,000 with a factor rate of 1.1, you’ll end up paying $500 in fees and a total payback amount of $5,500.

Note also that Revenued does not charge set fees on your entire credit limit. You’ll incur factoring fees only on the portion of your credit line that you use.

Revenued Business Card Eligibility Requirements

Revenued has very simple eligibility requirements. Successful applicants must:

• Operate in the US
• Have been in business for 6+ months
• Use a business bank account
• Maintain a positive bank account balance almost continuously
• Maintain an average daily bank balance of $1K
• Bring in a minimum of $15K in monthly deposits to your business bank account

Note that Revenued does not require any base credit score for approval. However, startups are excluded due to the business history requirement, though that’s a relatively low bar. Revenued also excludes companies operating in the financial sector, such as business lenders and banks.

Business owners using personal accounts for banking services will need to open a business account before applying and ensure that that account balance does not go negative for more than three days in a month. (If you’re looking for a business bank account, you have some great choices!)

We also note that Revenued requires that bank accounts have a Plaid connection to integrate banking data. While Plaid integrates with 12,000 financial institutions in the US, Canada, and Europe, including banks, credit unions, and payment apps, not all businesses are supported. You can check online to see if your bank works with Plaid.

Revenued Business Card Features

Keep in mind that Revenued is not a traditional business credit card. The Revenued Business Card functions essentially as a business line of credit that you can access using a Visa card. So it’s reasonable that Revenued doesn’t offer all the features you’d typically expect to see with a business credit card.

For example, when you choose Revenued, you won’t be able to use your card overseas; it’s valid only in the US. So if your business frequently requires travel, this card might not work well for you. Revenued also issues only one card per business, although if you own multiple businesses you can apply for a Revenued card for each one. However, you won’t be able to issue spending cards to employees such as sales reps or purchasing agents.

Although those are some important features that we wish Revenued offered, it doesn’t mean that Revenued falls completely flat in the features department. For one thing, your business may not need to make international purchases, and you may not want additional cards.

So what features does Revenued offer? Let’s take a look.

An Easy-To-Use Dashboard

You’ll be able to check and control your spending in real-time. That includes your daily balance, available spending limit, payment schedule, transaction history, and more.

Spend Management Tools

Revenued offers an overdraft calculator so you can see the cost of bank fees. Your Revenued dashboard also includes a cash flow meter so you can see when you’re about to run out of money. These tools are free for all Revenued users.

Flexible Credit Limit

Revenued promises that users’ spending limits will grow along with your business revenue in real-time. And you won’t have to re-apply to increase your spending limit; Revenued continues to monitor users’ revenue and cash balances and adjusts spending limits accordingly.

Access To Cash Advances

Revenued Flex Line allows you to request a cash draw from your dashboard, so long as you’re not already at your funding limit. Funds will be deposited into your linked business bank account.

Revenued Customer Service

Revenued offers live customer support, including a dedicated account manager for every Revenued cardholder. Online review sites consistently show users raving about the excellent service they receive from Revenued.

My own experience with Revenued was pleasant. Initially, I was put off when the chatbot on Revenued’s website required me to enter my full name, email, and phone number before I could ask my questions. Then, in the end, the chatbot directed me to contact a sales rep via email rather than giving me an immediate chance to receive the answers I sought.

However, I was pleasantly surprised to receive a pleasant, knowledgeable email response from a rep within five minutes. That’s fast!

Revenued Reviews

While it’s possible to find negative Revenued reviews online, the overwhelming majority are positive. For starters, Revenued maintains an A+ rating with the Better Business Bureau, though it’s not BBB accredited. The BBB website shows one complaint opened and closed within the past year.

On the consumer review site Trustpilot, Revenued has 462 user reviews, with a composite rating of 4.6/5 stars and with 87% of users awarding 5 stars. That’s a higher percentage than we normally would expect to see, indicating a high satisfaction rate among users.

Negative Revenued Reviews & Complaints

• No reports to credit bureau
• Lack of transparency about factoring charges
• Not all bank accounts will integrate with Revenued
• Additional documentation requests after initial approval

Positive Revenued Reviews

• Outstanding customer service
• Fast approval and funding
• Available with poor credit or no credit
• Access to quick cash draws

Is Revenued Safe?

Revenued is a legitimate company offering a business spending card that is safe to use. The Revenued Business Card comes with an EMV chip and the security that delivers. The Revenued Visa card is issued by Sutton bank, Member FDIC.

Final Verdict: Is The Revenued Business Card Worth It?

Revenued Business Card is a relatively unique product, and while it can work for many businesses, it won’t be for everyone. However, within Revenued’s target niche, it’s a great choice.

The most important thing to keep in mind is that Revenued is not a business credit card. Revenued Business Card is a prepaid Visa card with a unique funding and payback profile. Your Revenued account is essentially a line of credit determined by your business’s typical income and average bank balance. Because Revenued relies on factoring charges, you may pay a higher rate than a traditional business card.

You might want to apply for the Revenued Business Card if …

• You have poor personal credit and won’t qualify for a traditional small business credit card
• You want a generous cashback reward on all your purchases
• You have stable revenue and don’t need to carry a balance
• You occasionally need fast access to funds for unusual or unexpected expenses

You might want to look for a different card if …

• You don’t have a business bank account or don’t want to open one
• You prefer a credit card that will let you carry a balance
• You need a card that will report to credit bureaus and help you improve your business credit rating
• You do business overseas and want to be able to use your business card wherever you travel
• You want to offer spending cards to employees

If you’re not sold on Revenued, take a look at some other options for business lines of credit. You can also look into getting a traditional small business credit card, with options available for those with poor credit. And, of course, if your credit rating is decent, check out our list of the best credit cards for small business.

The point is, credit can be a necessary part of doing business. No matter what your credit profile says about you and your small business, you deserve a card that delivers the benefits you need.

FAQs: Revenued Business Card

The Merchant Maverick Seal of Approval 🏆

Revenued Business Card	Visit Site

After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Revenued Business Card for yourself.

The Merchant Maverick Seal of Approval 🏆

Revenued Business Card	Visit Site

After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Revenued Business Card for yourself.

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