Introduction to the Revenued Business Card
The Revenued Business Card is a no-annual-fee business card that will consider approving you according to your business income (instead of your credit score). It's great for those with low credit scores — but it will do no good in helping you build credit, as the card won't show up on your personal credit report.
But take caution before you apply: This card's mandatory "factor rate" fees can be a dealbreaker.
$0
Factor based
N/A
Bad to Good
- No annual fee
- No credit history required for approval
- Unavoidable interest charges
- No real ongoing benefits
- Sole proprietors are ineligible
- No annual fee and no draw fee
- Includes flex line, similar to a line of credit and only pay for what you use
- Access cash on demand with funds deposited straight into your bank account
- Fast and easy application process - apply online and receive a funding decision in as little as an hour
- Approvals based on your business revenue and not personal credit
- As your revenue increases, spending limits also increase
- Access to business credit tools - Revenued reports to D&B to help build your business credit
- Access to a dedicated U.S-based account manager to help you make the most of being a Revenued card holder
- Rated Excellent on Trustpilot with 600+ reviews
Revenued Business Card Overview
The Revenued Business Card has a handful of key features that make it unique within the credit card world. This product competes with credit cards, but it's actually not one itself. Instead, you receive a flex credit line of sorts in exchange for a portion of your future revenue.
Most notably, the card is similar to the X1 Card in that it prioritizes your income instead of your credit score when deciding if you're a good candidate. In other words, you could be eligible for the Revenued Business Card even if your credit score isn't great, as long as you have a high stream of business revenue. Furthermore, your credit will not receive a hard inquiry when you apply.
This is an excellent card feature — those with a lower credit score often have difficulty being approved for business credit cards from other banks. If you're desperate for business funding and your credit is in a state that prevents you from opening a proper small business card, you might give this a look (though we recommend you consider it a last resort — we'll explain why).
This card also comes with some serious deterrents:
- Your business will need to gross a minimum of $20,000 per month to qualify
- You'll need a business bank account with a minimum average daily balance of $1,000 per day
- Sole proprietors don't qualify
- Your company must have been operating for at least one year
In other words, it's not good for those who have a moderately profitable side gig.
Now for the worst part: Though you won't be charged an annual fee, the Revenued Business Card incurs unavoidable "factor rate" charges. You'll pay up to 49% in fees on the charges you make. That's the tradeoff you'll have to endure for such a relaxed application approval process.
Let's examine the Revenued Business Card more closely to see if it's a financial product you should consider.
Revenued Business Card Rewards and Incentives
The Revenued Business Card does not offer a welcome bonus or earn rewards.
Revenued Business Card Benefits and Features
This card doesn't promote a long list of features. Its appeal lies almost exclusively in the fact that it can be opened by those with bad credit.
Flexible Credit Limit and Access to Funds
The amount of money you're able to spend (called your Flex Line) on the Revenued Business Card changes according to factors such as your income, business account savings, debt, etc. You can be approved for up to $1 million.
"Factor Rate" Fees Instead of APR
If you're the kind of company that pays back its debt quickly, the Revenued Business Card is probably not for you.
However, factor-rate fees can be a benefit for certain types of businessess.
The Revenued Business Card charges you based on "factor rate" instead of interest for a hanging balance. We'll show you how to calculate these below, but just know that you could be charged between 10% and 50% of your total bill, no matter how quickly you pay off your balance. That's a nightmarish thought for anyone who pays their credit card balance each month and never has to worry about interest fees.
However, if you plan to make a purchase that you can't pay off in the near future, factor rates could actually work in your favor, provided you receive a rate closer to 10%. Here's why:
Most rewards credit cards have interest rates exceeding 20%. That means:
- If you were to spend $1,000 on a card with a 20% APR, you could pay off your card in 18 months by making $65 monthly payments. You'd be charged $166 in fees.
- If you were to spend $1,000 on the Revenued Business Card with a factor rate of 10%, an 18-month payoff plan would result in just $100 in fees.
Revenued Business Card Annual Fee and Other Costs
The Revenued Business Card charges a $0 annual fee. It also does not have any monthly fees. The card does not charge foreign transaction fees — but that's because you can only use it domestically.
This card doesn't charge interest for your balance, but instead a factor rate. Factor rates tend to be between 1.1 and 1.5. Every time you use your card, you will be subject to whatever factor rate Revenued has given you.
To determine how much you'll pay in fees, simply multiply your payment amount by your factor rate. For example, if you spend $2,000 and your factor rate is 1.1, you're guaranteed to pay $2,200 — that's $200 in fees ($2,000 x 1.1). When you make a purchase, you will immediately owe whatever percentage your factor rate dictates.
Revenued Business Card Comparison
If you have a credit score above 700, we suggest you apply for other small-business credit cards such as the $0-annual-fee Ink Business Cash. It comes with solid earning rates and an enormous welcome offer of $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening. Plus, you're guaranteed to pay no interest if you pay off your bill in full each month.
Revenued Business Card Frequently Asked Questions
Interestingly, the Revenued Business Card is a hybrid flexible spending line and prepaid card. It provides a flex line to you in return for a fee based on your projected future revenue. Your credit habits are reported to Dun & Bradstreet, a company that feeds your information to the Small Business Financial Exchange (which manufactures a business credit score for you).
You don't even need a credit score to be approved for the Revenued Business Card. Revenued looks at your business income when deciding to approve you — not your credit.
If you own a business (not a sole proprietorship) that grosses at least $10,000 per month, you may qualify for this card. However, you'll also need to have been in business for at least six months. You'll also need a business bank account with an average minimum daily balance of at least $1,000 — and you must never have more than three days of negative bank balance.
Why You Should Trust Us: How We Reviewed the Revenued Business Card
We've compared the Revenued Business Card against other similar no-annual-fee small business cards using Business Insider's credit card rating methodology, which explains how we rate credit cards.
Since this card doesn't have a welcome bonus and comes with mandatory (and potentially sky-high) interest rates, we've pegged the Revenued Business Card at a relatively low rating.
