Revenued Business Card: The card for small business owners

Posted: 7 September 2022 4:30 pm
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The Brex card has stopped supporting small businesses — Revenued offers a strong replacement option.

Brex, the financial service that offers a credit card and financial tools for startups, announced recently that it would no longer serve small businesses. Revenued has the potential to step in and serve as a solid alternative.

The Brex Card offered plenty of utility to small businesses. Chief among this utility was a line of credit to help them invest and grow or carry them through a difficult period. The card also offered a range of features designed to help small businesses scale.

Now, however, those businesses will need to move their accounts elsewhere.

Brex Card alternatives

There aren’t many business cards on the market that provide the suite of features the Brex Card offered while also not requiring a credit check. A lack of strong business credit can lock small businesses out of a lot of the stronger card options available. For offloaded Brex small businesses, a credit or spending line and the ability to earn rewards on purchases will likely provide the essential tools needed in an alternative.

Though there are a few potential options on the market, one product has stood out as an interesting Brex alternative for those who need to make the jump: the Revenued Business Card. Revenued has released a promising hybrid product: a business card and flex line combination.

5 features of the Revenued Business Card

There are a handful of outstanding features that could make this card an ideal replacement for small businesses.

1. Not dependant on personal credit

Like the Brex Card, even those with no prior credit history can apply for the Revenued Business Card. This extends to poor credit as well. Rather than look at your credit score alone, Revenued examines your current revenue in addition to your projected future revenue. This is an asset to startups and small businesses alike, as it greatly lowers the barrier of entry for receiving financial aid.

2. A flex spending line

While the Revenued Business Card is not a credit card, it allows access to up to $100,000 of flex business spending, depending on your revenue and finances. This limit is high considering a business doesn’t need a strong credit score to potentially gain access. And even if a small business doesn’t immediately qualify for the maximum amount, Revenued may adjust the spending limit based on a business’s changing financials.

3. Rewards on purchases

The Revenued Business Card earns a flat 3% cash back on all eligible card purchases — a full percent higher than the 2% average found on the leading flat-rate cash back credit cards. This is a surprising rate for a card that usually doesn’t require a credit check. And while the Brex card could earn more on specific categories like dining, the flat-rate nature of the Revenued Business Card offers solid cash back rewards no matter where a business spends most.

4. Solid signup bonus

Revenued offers $500 for spending $5,000 on your card within the first three months of account opening. This could be a solid windfall for businesses that might need to use the flex spending offered by the card to invest in their company or make essential business purchases.

5. Cash draw capabilities

A particular advantage of the Revenued Business Card over a credit card is a simple method of drawing cash. Businesses can draw cash from their flex spending line as necessary and only need to repay what’s spent. This differs from a traditional merchant cash advance, where businesses may have to borrow and repay a set amount even if they need less.

Bottom line

The accessibility, flexibility and generosity of the Revenued Business Card makes it a good choice for small businesses that need to move away from Brex or are looking for their first steps toward business financing. But small businesses with strong credit should still review all their options before making the jump.

Name Product Filter values Rewards Purchase APR Annual fee
Revenued Business Card Visa®
3% cash back on all purchases
N/A
$0
A flexible spending line and prepaid business card that earns 3% cash back on all purchases. Apply with no hard credit check. Requirements: 6+ months in business, an existing business bank account with $10,000 average monthly deposits, more than one employee.
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