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This is What You Need to Know About Business Charge Cards

So, you’re thinking about whether or not you might need a business charge card. Well, you’ve landed in the right place. Here, we’ll explore what it is, why you might need one, and see a list of charge cards that offer the best business features and perks. You’ll also find answers to some of the most common questions I hear.

This is what’s in store.

What is a Business Charge Card?
- Business Charge Card vs Credit Card
- Are Charge Cards Good for Business?
Best Business Charge Cards for Startups
Frequently Asked Questions
Conclusion

Now, let’s get to it!

What is a Business Charge Card?

A business charge card, also known as a corporate card, is a payment card issued to a business rather than an individual. Here’s what you need to know:

It’s used for business-related expenses like travel, supplies, or client entertainment.
Unlike credit cards, you’re typically required to pay off the balance in full each month.
Many business charge cards offer perks like rewards programs, expense management tools, and employee spending controls.
They can help track expenses, simplify accounting, and provide businesses with financial flexibility.
Businesses of various sizes, from small startups to large corporations, use these cards.

Overall, a business charge card can be a handy tool to manage business expenses and cash flow.

You might also like: 7 Best Cash Back Corporate Credit Cards to Explore

Business Charge Card vs Credit Card

Here’s a comparison between a business charge card and a business credit card.

Business Charge Card

Business Credit Card

Typically, you’re required to pay off the balance in full each month.Since you’re expected to pay in full, there are usually no interest charges.Often used for business expenses where immediate payment is expected.Some charge cards have no pre-set spending limits.Annual fees can be higher than credit cards, but often come with premium benefits.Many offer rewards programs and perks tailored to business needs.Often equipped with tools for expense tracking and management.

You can carry a balance from month to month, with interest charges applied to the outstanding balance.Typically has a pre-set spending limit based on creditworthiness.If you carry a balance, interest charges will apply to the remaining amount.Annual fees vary depending on the card, and may be lower than charge cards.Offer rewards programs similar to personal credit cards, often with options for cash back, points, or travel rewards.Some credit cards offer expense tracking tools, but they’re not typically as robust as charge cards.

In essence, a business charge card requires full payment each month with potentially higher annual fees but often comes with premium benefits. Meanwhile, a business credit card offers more flexibility with revolving payment terms and typically lower annual fees, but may incur interest charges if you carry a balance.

You might also like: Corporate vs Business Credit Card: What’s the Difference?

Are Charge Cards Good for Business?

Charge cards can be beneficial for businesses, but whether they’re a good fit depends on various factors. So, why do people use a charge card?

Here’s how they can be useful:

With the requirement to pay off the balance in full each month, charge cards promote responsible spending habits and help prevent debt accumulation—This can lead to better expense management and financial discipline within your business.
Since charge cards dictate that you pay the balance in full, there are typically no interest charges—This can save money in the long run compared to credit cards where interest can accrue on carried balances.
Many charge cards offer rewards programs tailored to business needs, such as:
- Cash back on business-related purchases
- Travel rewards
- Discounts on business services.

These perks can provide additional value to your business.

Charge cards often come with robust expense tracking and management tools, helping you keep better track of business spending, categorize expenses, and simplify accounting processes.

However, there are also some potential drawbacks to think about:

Charge cards may come with higher annual fees compared to credit cards, especially those that offer premium benefits and rewards programs. Depending on your spending habits and the value derived from these perks, the annual fee may or may not justify the expense.
While charge cards are widely accepted, there may be instances where certain vendors or suppliers do not accept them—This can pose challenges if you rely heavily on vendors who prefer credit cards or other forms of payment.
Since charge cards require paying the balance in full each month, they may pose cash flow constraints if you have irregular income or seasonal fluctuations. But, you can mitigate this with proper budgeting and cash flow management.

So, charge cards can be useful for businesses that prioritize responsible spending, value expense management tools, and can afford the higher annual fees. However, carefully consider your specific needs, spending habits, and cash flow requirements before you decide if a charge card is the right fit.

You might also like: How to Convert Credit Cards into Cash

Best Business Charge Cards for Startups

When it comes to choosing the best business charge card for startups, several options offer benefits tailored to the needs of new businesses. Here are some top recommendations.

These cards offer a range of benefits suited to the needs of startups, including rewards, expense management tools, flexible payment options, and tailored perks. Consider your business’s spending patterns, priorities, and eligibility criteria when choosing the best option.

1. Amex Business Gold Card

The American Express Business Gold Card offers valuable rewards, earning Membership Rewards points on eligible purchases, with 4X points in two select categories where your business spends the most each billing cycle (up to $150,000 in combined purchases per year).

It features a generous welcome offer in the form of bonus points after meeting spending requirements. The card provides access to tools like Vendor Pay and ReceiptMatch to simplify expense tracking and management.

And, it includes a flexible payment option to carry a balance for eligible charges with interest charges—essentially turning it into a credit card for qualified business operations if that’s what you need.

2. Brex Corporate Card

The Brex corporate card offers a range of advantages tailored to meet new business’ needs. One notable feature is that it doesn’t require a personal guarantee, making it ideal for startups without an established credit history or the need for a security deposit.

Moreover, you can earn points on all purchases, with bonus points available in categories like travel and restaurants. The card comes with intuitive expense management tools, including an easy-to-use dashboard for tracking expenses and gaining real-time visibility into spending.

And, you can enjoy additional benefits such as discounts and credits on various business services, including AWS, Google Ads, and more.

3. Bill Spend & Expense (Divvy) Card

Business charge cards no personal guarantee

The Divvy Spend & Expense card – formerly “Divvy” – offers several benefits tailored to businesses. Firstly, it boasts no annual fee, making it a cost-effective option if you want to manage expenses without incurring additional charges. As a charge card, it also eliminates interest charges, which provides further financial flexibility.

The card comes equipped with robust expense management features, including real-time expense tracking and budgeting tools. You can easily categorize spending, which enables better expense control and analysis. Plus, the card rewards users with points or cash back on all purchases, with bonus rewards available in select categories.

Lastly, the Divvy card simplifies the reimbursement process for employees’ out-of-pocket expenses, which makes it convenient for both employers and staff.

4. Ramp Corporate Card

The Ramp Card offers innovative solutions for businesses seeking better cash flow options.

Positioned as a top choice among alternative corporate cards for startups, Ramp stands out for its:

Rewards program
Expense management tools
Accessibility

With features like unlimited staff cards and smart spending limits, Ramp empowers you with complete control over business expenses—It eliminates various fees and offers a generous 1.5% cash back on spending.

Qualification is straightforward, with no credit checks or founder guarantees required. Compared to other marketplace offers, Ramp offers competitive benefits, which makes it a compelling offer with minimal downsides.

5. The PEX Card

The PEX Card offers a comprehensive corporate expense management solution. With features like prepaid and dynamic credit cards, you can efficiently manage employee spending, vendor payments, and fund distribution.

The platform provides a range of benefits, including 1% cash back on eligible purchases, a user-friendly app for real-time monitoring and authorization, and seamless integrations with accounting systems.

You can distribute both physical and virtual cards, set customizable rules and spending limits, and streamline grant fund distribution for nonprofits. Despite its strengths, consider your specific needs and compare alternatives before you make a decision.

Frequently Asked Questions

What is the point of a charge card?

Charge cards offer a payment method where users pay the full balance each billing cycle to manage expenses while you avoid interest charges and promote responsible spending.

Why would a business issue a charge card to their customers?

Businesses issue charge cards to facilitate transactions while ensuring prompt payment, which can reduce the risk of outstanding debt for both parties.

What is the difference between a charge card and a debit card?

Charge cards require full payment each billing cycle and function like a short-term loan, while debit cards immediately deduct purchases from the cardholder’s bank account without the option to carry a balance.

Conclusion

Business charge cards offer a unique payment solution for companies, promote responsible spending habits, and provide valuable expense management tools—While they require full payment each month and some may come with higher annual fees compared to credit cards, their benefits, including rewards programs and robust expense tracking, can outweigh these considerations.

However, carefully evaluate your company’s needs and financial situation before deciding if a business charge card is the right fit.

Do you want to learn how to obtain up to $100K in business credit in as few as 30 days? Join Business Credit Workshop today!

Full Shopify Credit Review: Are the Cashback Rewards Legit?

By Joe

If you landed here, you may have received an invitation to apply for a “Shopify credit card.” And, since this offer was only unveiled a few months ago, you’re not going to find a lot about it on Reddit or other forums.

Not only this, but if you try searching for details about the card, you’ll mostly see Shopify’s own marketing content, reviews that may have been written by affiliates, and information about Shopify Capital (which is a separate offer)

…This is probably going to change in the future as the Shopify Credit offer has time to spread its wings. Still, you need to know more about the card before you apply or accept an offer.

→ Recommended: 7 Best Cash Back Corporate Cards to Explore

So, here, I’m going to explain the offer and a little bit about the company, share some features and benefits of the card, and compare it to some close competitors. Then, I’ll answer a few of the top questions people are asking.

Here’s what’s in store:

What is Shopify Credit?
- Business Credit vs Corporate Cards
- Shopify Company Overview
Shopify Credit Features & Benefits
Shopify Credit Alternatives
Frequently Asked Questions
Conclusion: Is This Card Offer Worthwhile?

Let’s dive in!

What is Shopify Credit?

Shopify Credit is a pay-in-full, so-called “business credit card” tailored for entrepreneurs — It offers a straightforward and transparent financial solution with no fees, no interest, and up to 56 days to pay for purchases.

Considering the way the card is set up, it’s actually a corporate card, not a business credit card (more on that in a minute).

Shopify Credit is designed to support business cash flow with a flexible spending option for everyday business expenses, such as:

Marketing and Advertising
Shipping and Fulfillment
Wholesale

Shopify sellers can easily check their eligibility online and receive quick decisions based on business performance rather than credit scores. And, they can enjoy the convenience of a Visa®-branded card accepted pretty much everywhere globally (i.e. wherever Visa is accepted).

The card also comes with the added benefit of cashback rewards, allowing users to earn up to 3% cashback on eligible purchases in their top spend category and 1% on the other two categories. With no catch and a focus on simplicity, Shopify Credit aims to empower businesses by providing a reliable and rewarding financial tool.

Business Credit vs Corporate Cards

Business credit cards and corporate cards serve distinct purposes in the realm of business financing. Business credit cards are typically designed for small to medium-sized enterprises and individual business owners, offering a convenient and flexible means of covering day-to-day expenses. They often come with features like cashback rewards and expense tracking.

On the other hand, corporate cards are generally intended for larger enterprises and are issued to employees for company-related expenses. Corporate cards may come with more extensive expense management tools and customization options tailored to the specific needs of large organizations.

Shopify credit gives you the best of both worlds. Still, the offer is more closely related to contemporary corporate card offers than business credit cards, which allow you to carry a revolving balance.

You might also like: What’s the Best Payment Processor for a Small Business? Really

Shopify Company Overview

Established back in 2004, the Canadian powerhouse known as Shopify (aka Shopify Payments or Shopify Data Processing, if you’re feeling fancy) has grown into a publicly-traded juggernaut valued at $1.3+ billion.

Every online merchant has heard about their game-changing online sales platform that’s been rocking the eCommerce scene. Now, I won’t dive too deep into the intricacies of Shopify’s credit card processing capabilities or the Shopify credit card reader.

Instead, let’s shine a quick spotlight on the backstory of Shopify Credit.

Shopify’s initiatives kicked off in April 2016, when they started offering merchant cash advances, and since then, they’ve pumped out billions in funding for sellers worldwide. Shopify Credit was launched more recently in July 2023.

It’s worth noting that all the financial mojo behind Shopify Capital comes courtesy of WebBank, a player affiliated with the likes of Dell Business Credit, LendingClub, and Capital on Tap (not my favorite business funding offers).

Meanwhile, Shopify Credit is issued courtesy of Celtic Bank, a modest brand with a tremendous reach.

Shopify Credit Features & Benefits

Okay, are you ready to dive into the details? Here’s a summary of who can qualify for Shopify Credit and everything you can expect if you pull the trigger on this one.

You might also like: What are the Best Unsecured Business Credit Cards for Startups?

Shopify Credit Card Terms & Fees

Shopify Credit is essentially free:

No annual fee
No foreign transaction fees
No setup fees

This offer is all about straightforward transactions to help keep more money in your business.

With up to 56 days to settle bills (net 56) and zero late fees, Shopify Credit offers a relaxed payment period, giving you ample time to manage your business finances. This can help you manage your finances pretty easily.

Many tradelines like this report on-time payments to credit bureaus. I couldn’t find out any information on the Shopify website about whether on-time payments are reported to credit bureaus. So, I first reached out to Celtic Bank who referred me back to Shopify.

According to Shopify’s AI chat assistant, on-time payments on the Shopify Credit card are not reported to business credit bureaus. I’m not 100% confident in the accuracy of this answer, so if you know otherwise, please let me know.

FInally, over time, you can watch your credit limit expand as your business succeeds – Periodic reviews ensure your credit line grows with your business, which offers some financial flexibility without constant paperwork.

You might also like: Using 30 Day Net Vendors to Build Your Business Credit Score

Cashback & Bonus Offer

In addition to being a free card, Shopify Credit offers cashback and bonuses.

With this card, you can earn rewards customized to your business essentials:

3% cashback on your top spending category
1% on the other two, recognizing your business efforts.

There is a catch here, though — a pretty big one. In order to earn rewards, you must use your card for spending in the three approved categories (marketing and advertising, shipping and fulfillment, and wholesale).

Card spending must take place with one of Shopify’s partners to qualify for cashback:

Category	Providers
Marketing & advertising	Google, Meta, TikTok, Pinterest, Snap, Twitter, Microsoft, Shopify Email, Klaviyo, Mailchimp, Instafeed, Yotpo SMSbump, Yotpo product reviews and UGC, Yotpo subscriptions, Yotpo loyalty and rewards, Loox, Privy
Shipping & fulfillment	USPS, UPS, DHL Express, Flexport, Pirateship, Shopify Shipping, Shopify Fulfillment Network, Shipsurance, Shipstation, Shippo, Aftership order tracking, Aftership shipping + labels, Aftership returns, Parcel Panel Order Tracking
Wholesale	Faire

Chances are, if you’re successfully selling on Shopify, you are spending with some of these brands — so, the Shopify Credit card gives you a chance to earn/save on some of that spending.

Shopify also advertises a $2K Shop cash welcome bonus for eligible spending — as of today, this is still up on the website:

Sadly, this offer expired on October 31, 2023…if you accept a card offer after this date, you will not qualify for the $2K welcome bonus (I triple-checked).

Shopify Credit welcome bonus has expired

As with most corporate and credit cards, there will probably be more introductory offers in the future – be sure to keep your eyes peeled…and always read the fine print.

You might also like: This is How to Leverage Business Credit to Transform Your Life

Shopify Credit Requirements

You might be pleasantly surprised to learn that Shopify does not do a credit check. Shopify Credit is offered by Shopify to eligible merchants. Merchants don’t necessarily have to seek it out actively; instead, Shopify may extend offers to qualified merchants based on their business performance, so you don’t need a particular credit score to qualify.

But, you do need a few other things:

A Shopify Payments account with a single owner
A bank account connected to the Shopify Payments account
A valid United States Social Security number
A business located in the United States or Puerto Rico

You may receive notifications or invitations to apply for Shopify Credit, and the application process is typically straightforward. Eligibility is based on your business performance, and decisions can be made within minutes.

Shopify Credit Alternatives

I’ve reviewed quite a few free corporate fintech cards here on this blog, and a handful of them are very close contenders with Shopify Credit:

While I don’t like to play favorites, my favorite corporate card is Divvy – I have this card, I use it, and I love it because of its user-friendly features and expense management tools.
Brex is another super popular corporate card. You’ll need a high-performing business to qualify. And, if you get this card, you’ll have the opportunity to save on business expenses like travel and online advertising.
Next, Stripe Corporate is a close contender and may be a better fit if most or many of your Shopify store transactions are run through the Stripe payment platform. This card offers features tailored for Stripe users, but it’s available by invitation only, with specific requirements.
This list would be complete without Ramp, which focuses on providing real-time insights into your company spending and helps control costs.
While the next card wouldn’t be my top choice for most online sellers, Bank of America’s Corporate Card is worth mentioning here because of its benefits and rewards, especially if you’re already using BoA for business banking.

The best card for you is going to depend on your current setup, whether or not you’re willing to make some changes, and how quickly you need access to a corporate card.

Frequently Asked Questions

How does Shopify give you money?

Shopify offers two types of merchant funding: Shopify Capital and Shopify Credit. Shopify Capital provides funding through merchant cash advances based on sales history, with repayments tied to a percentage of daily sales. Shopify Credit, on the other hand, offers a fee-free credit card with cashback rewards, providing additional funds for business expenses based on sales performance. Both options give eligible merchants access to capital to support their business growth.

Does Shopify Credit affect your ability to qualify for Shopify Capital?

No, applying for Shopify Credit does not impact your Shopify Capital eligibility. The two operate independently, allowing merchants to leverage both financial tools to support different aspects of their business needs.

What is the Shopify Credit card fee?

The Shopify Credit card is fee-free, with no annual fees, foreign transaction fees, or setup fees. This transparent fee structure aims to provide simplicity for merchants, allowing them to focus on their business without concerns about additional charges.

Will a Shopify Credit card help you build business credit?

No. Shopify Credit is not technically a credit card and on-time payments made toward your account balance will not be reported to business credit bureaus.

Conclusion: Is This Card Offer Worthwhile?

Wrapping it up, Shopify Credit and its cashback rewards seem to be a pretty legit deal under the right circumstances — The card offers a straightforward, fee-free experience with up to 56 days to settle bills, and zero late fees.

While the card is relatively new and might not be buzzing just yet, it offers simplicity, quick eligibility check, and no credit score hassles. These features make it a solid choice for some online sellers.

The cashback adds a nice touch, providing cardholders with tangible benefits for their business spending – but it’s a shame they’re still advertising the bonus offer when it’s actually unavailable. And, I am not stoked that the card doesn’t report payments to credit bureaus.

With that said, I still like Divvy, and I would choose it over Shopify Credit, depending on whether or not my operations were the right fit. In full transparency, I’m not a Shopify seller, I’m a business credit coach and investor.

If you want to learn how to obtain up to $100K in business credit in as few as 30 days, join Business Credit Workshop today!

9 Best eCommerce Credit Cards (Online Sellers’ Guide)

By Joe

eCommerce is a fast-paced industry – On top of managing your inventory and making sales, you have to handle logistics, maintain relationships with suppliers, and keep your customer service on point while you maintain momentum. In the meantime, you need the right financial tools. Business credit cards and corporate cards can streamline your money operations.

So, what are the best credit cards for eCommerce?

You’ve landed on a deep dive here, which you can use to determine exactly what card is right for you and your online store. If you don’t already know, you’ll learn the difference between business credit cards and corporate cards, find out what to look for in a card, and browse a list of the best cards for business owners in the online sales niche.

(Quick note: we’re not talking about consumer credit cards for online shopping.)

Here’s what’s in store:

Navigating the Plastic Jungle: Business Credit vs. Corporate Cards
Best Business Credit Cards for eCommerce
Best Corporate Cards for eCommerce
Frequently Asked Questions
Final Swipe: Master Your Business Finances

Now, let’s jump in!

Navigating the Plastic Jungle: Business Credit vs. Corporate Cards

Alright, buckle up — it’s decision time. You’ve got your eye on that shiny piece of plastic, but should it scream “business” or “corporate”? Let’s break down the rumble between these heavyweights.

Business credit cards are designed for companies who need a line of credit that can carry a balance each month. You would choose a business credit card over a consumer credit card because of the tailored rewards and features and the ability to obtain larger lines of credit…The transition to business credit can change your life.

Meanwhile, corporate cards typically have to be paid in full each month and tend to come with a range of advanced features like real-time expense tracking, budget controls, and integration with your business tools and software.

In a nutshell, both types of cards may offer rewards like cash back or discounts with technology partners (though this is a fairly new offering from contemporary corporate cards). So, you might get a business credit card when you need a cash flow boost for your company and a corporate card when you need better financial management – And, many businesses use both.

Best Business Credit Cards for eCommerce

Opting for a business credit card is a savvy move, especially for eCommerce ventures. It provides the flexibility needed to navigate the dynamic landscape of online businesses.

Look for a business credit card tailored to eCommerce that offers rewards and benefits specifically relevant to your industry.

Focus on features like:

Bonus points for online advertising
Shipping perks
Cash-back options for your predominant business expenses

Generally, a good business credit card for eCommerce should align with your spending patterns and provide valuable rewards that can be reinvested or used to enhance your online operations.

Now, let’s take a look at the best eCommerce best credit cards.

You might also like: 6 Best Business Credit Cards for Entrepreneurs: Fuel Your Growth

1. Amazon Business Prime Card from Amex

The Amazon Business Prime American Express Card is a fantastic choice for Amazon sellers looking to maximize their business expenses. With this card, you enjoy flexible payment terms, allowing you to carry a balance if needed.

The Annual Percentage Rate (APR) is competitive, offering financial convenience.

What makes this card stand out are the rewards – you earn 5% back or 90 days interest-free on U.S. purchases at:

Amazon Business
AWS
Amazon.com
Whole Foods Market

Additionally, you earn 2% back at:

Restaurants
Gas stations
Wireless telephone services

For the online seller crowd, this card is a boon, especially for those heavily invested in the Amazon ecosystem. The 5% back on Amazon Business purchases can significantly boost your bottom line, making it a go-to choice for Amazon sellers looking to make the most out of their business spending (it might be the best card for those with an Amazon seller account).

You might also like: Amazon Corporate Credit Line – The Ultimate Guide

2. Amex Business Gold Card

The American Express® Business Gold Card is a solid choice for online sellers, offering flexibility and rewards tailored to business needs. While it’s no Centurion (the credit card the Kardashians use), with this card, you enjoy a dynamic payment structure, allowing you to carry a balance when necessary.

The APR is competitive, ensuring financial convenience. What sets this card apart are the rewards – you earn 4X Membership Rewards® points on two select categories where your business spent the most each billing cycle, up to the first $150,000 in combined purchases from these two categories each calendar year.

The U.S. reward categories include:

Airfare purchased directly from airlines
Purchases for advertising in select media
Purchases at gas stations
Purchases at restaurants
Purchases for shipping
Computer hardware
Software
Cloud computing purchases

These perks make it a great fit for a variety of online sellers, including those invested in advertising, travel, and technology. The flexibility in reward categories makes it adaptable for a range of business expenses, making it an attractive option for Etsy sellers, Shopify sellers, and those using various online platforms.

3. Chase Ink Business Preferred Credit Card

Best credit card for online sellers United States

The Ink Business Preferred® Credit Card from Chase Bank is a stellar choice for online sellers, particularly those with diverse business expenses. With this card, you enjoy favorable payment terms and a competitive APR for financial flexibility.

The standout feature is the generous rewards program – you earn 3 points per $1 on the first $150,000 spent on combined purchases in categories like:

Travel
Shipping
Advertising

The points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® program. For online sellers, this card is especially appealing because of its broad reward categories, making it suitable for various business expenditures.

Whether you’re into advertising on social media, frequently shipping products, or managing travel for business purposes, the Chase Ink Business Preferred® Credit Card caters to a wide range of online sellers, including those using payment platforms like Shopify and Stripe.

4. Chase Ink Business Unlimited Credit Card

Can you get a business credit card for an Etsy shop?

The Chase Ink Business Unlimited® Credit Card is a straightforward and rewarding choice for online sellers seeking simplicity and flexibility. This card comes with uncomplicated payment terms and a competitive APR, offering financial ease.

What makes it appealing is the straightforward rewards structure – you earn 1.5% cash back on every purchase with no limit.

This flat-rate cash back is particularly beneficial for online sellers who want a hassle-free way to earn rewards on all their business expenses. Whether you’re selling on Amazon, Etsy, or running your own Shopify store, the simplicity of earning a consistent 1.5% cash back on everything can be a real advantage.

It’s an excellent fit for those who prefer a no-frills approach to rewards and want to maximize their earnings across the board without worrying about category restrictions.

You might also like: What are the Best Unsecured Business Credit Cards for Startups?

5. The Amex Blue Business® Plus Credit Card

Best eCommerce credit card for small business

The Blue Business® Plus Credit Card from American Express is a fantastic choice for online sellers looking for flexibility and rewards. With this card, you enjoy a 0% introductory APR on purchases for the first 12 months, providing a cushion for business expenses.

After the introductory period, a competitive APR comes into play.

The standout feature is the Membership Rewards® program, where you earn 2X Membership Rewards® points on the first $50,000 spent annually, and 1X points thereafter.

This makes it an excellent option for online sellers with moderate to high business expenses, offering a solid return on everyday purchases. Whether you’re an Etsy seller, a Shopify entrepreneur, or use various online platforms, the Blue Business® Plus Credit Card is versatile.

With this card, you can earn points on a broad spectrum of business expenditures (it’s a valuable addition to any online seller’s toolkit).

You might also like: How to Get a Business Credit Card – The Ultimate Guide

Best Corporate Cards for eCommerce

Now, a corporate credit card is a strategic choice for larger eCommerce enterprises dealing with more substantial budgets and intricate financial needs.

If you’re going to go this route, you should opt for a corporate card that integrates seamlessly with eCommerce platforms, which facilitates efficient transactions.

Look for advanced features like:

Real-time expense tracking
Customizable spending limits
Integration capabilities with your eCommerce tools

Overall, a good corporate credit card for eCommerce should empower your business with tools for precise financial control, ensuring smooth transactions, and streamlining overall financial management.

Okay, time to level up your game…Let’s look at the top eCommerce corporate cards.

1. Stripe Corporate Card

Advantages and disadvantages of credit card in eCommerce

The Stripe Corporate Card is tailor-made for businesses, particularly those engaged in online transactions using the Stripe platform. With this card, online sellers benefit from a streamlined payment experience, as it’s directly integrated with the Stripe payment system.

The Stripe Corporate Card doesn’t charge annual fees, and it offers a straightforward cash back system — You earn 2% cash back on your top two spending categories each month, providing flexibility for different business needs.

This card is especially appealing to sellers using Stripe for payment processing, such as those with eCommerce stores, subscription services, or online marketplaces. The seamless integration with Stripe simplifies financial management, making it a practical choice for businesses heavily reliant on this payment gateway.

Whether you’re selling on Shopify, WooCommerce, or managing a subscription-based business, the Stripe Corporate Card can enhance your financial efficiency and provide rewards tailored to your spending habits.

2. Brex Corporate Card

The Brex Corporate Card is a standout choice for modern businesses, particularly those with a tech-savvy and entrepreneurial spirit. One of its most notable features is that it doesn’t require a personal guarantee, making it an attractive option for startups and online sellers with fluctuating income.

With Brex, you get a 60-day interest-free period, allowing some breathing room for cash flow management.

The rewards program is geared towards business expenses, offering:

8x points on rideshare
5x points on travel booked through Brex
4x points on Brex Travel
3x points on restaurants
1x points on everything else

This makes it an appealing option for online sellers who frequently travel, use rideshare services, or entertain clients. The tech-friendly nature of the card and its rewards structure align well with the needs of online businesses, particularly those utilizing platforms like Shopify.

In all, it caters to a range of expenses often associated with eCommerce and modern business operations.

3. Divvy Corporate Card

The Divvy Corporate Card is a game-changer for businesses looking to streamline expense management. This card offers a unique approach, with no annual fees and a 0% APR.

Divvy’s standout feature is its real-time expense tracking and budgeting tools, allowing businesses to stay on top of spending effortlessly – Users can allocate budgets to different teams or projects, making it a great fit for online sellers with diverse expenditure areas.

While it doesn’t offer traditional rewards points, the value lies in its smart financial tools, providing a comprehensive overview of expenses.

This card is particularly attractive to online sellers who value transparency and want to efficiently manage their budgets across various categories. Whether you’re selling on Amazon, Etsy, or running a business on Shopify, the Divvy Corporate Card can be a practical choice for those who prioritize real-time expense tracking and want to optimize their budget allocation.

4. Shopify Credit

While it’s called Shopify “Credit,” this offer is actually more akin to a corporate card. Shopify Credit is a straightforward and accessible financing option tailored for businesses operating on the Shopify platform.

With no interest or fixed payments, it’s an attractive choice for online sellers looking for flexibility. Shopify Credit is automatically available to eligible businesses, and the credit limit is based on the merchant’s sales history and account health.

This makes it a convenient option for Shopify sellers who may need extra capital to invest in inventory, marketing, or other business needs. The absence of traditional interest charges and fixed payments allows sellers to align repayments with their sales cycles.

Whether you’re a small boutique or a growing eCommerce enterprise, Shopify Credit provides a hassle-free way to access funds and invest in the growth of your online business.

You might also like: Shopify Capital Review: What are the Benefits & is it Worth it?

Frequently Asked Questions

Which credit card is best for eCommerce?

It depends on your style. Amazon Business Prime Amex or Chase Ink Preferred offer perks for online sellers. If you prefer simplicity, Chase Ink Unlimited gives a solid 1.5% cash back on everything. Stripe or Shopify corporate cards are great if you’re deep into those platforms.

Which credit card do most millionaires use?

Millionaires dig premium perks. Think Amex Platinum or Chase Sapphire Reserve for travel benefits and VIP treatment.

What is the role of credit cards in eCommerce?

Credit cards make online shopping smooth and secure for customers. For businesses, they’re the go-to for flexible spending, earning rewards, and managing cash flow. Stripe and Shopify corporate cards add extra perks for online sellers.

How do I use credit cards for eCommerce?

Pick a card that fits your vibe. Use it for online buys, ads, shipping – the works. Track spending, set budgets, and if you’re on Stripe or Shopify, their corporate cards make life easier. Just keep it responsible to avoid any money headaches.

Final Swipe: Master Your Business Finances

In the dynamic world of eCommerce, where every click counts, having the right financial tools can be a game-changer. At this point, you should have an understanding of the intricate landscape of business and corporate credit cards.

Whether you’re diving into the flexibility of business credit cards tailored for eCommerce like Amazon Business Prime Amex or Chase Ink Business Preferred, or taking on the advanced features of corporate cards like Stripe or Brex, you’re now armed with the knowledge to make informed decisions.

Remember, it’s not about the flashiest card; it’s about the one that aligns with your business rhythm. So, choose wisely, swipe confidently, and let the perks roll in. Your financial adventure awaits!

If you’re interested in learning how to obtain up to $100K in business credit in as few as 30 days, join Business Credit Workshop today!

6 Best Fintech Credit Cards to Apply for (Consumer & Business)

By Joe

Are you an individual considering a slick, new way to use credit? Or, a business owner looking to supercharge your finances with the perfect fintech credit card? Look no further!

Here, we’ll dive into the exciting world of fintech credit cards, introducing you to top contenders like Divvy, CredAI (the illustrious Unicorn Card), Bluevine, Stripe, Ramp, and Brex – essentially free credit cards for everyone.

Fintech is making credit cards weirder, but also a lot more fun…Whether you’re a student or seasoned entrepreneur, you can navigate the fintech card landscape, making sure you’re armed with the right knowledge to make the best decision for your situation.

Here’s what’s in store:

What is a Fintech Credit Card?
Explore the 6 Best Fintech Credit Cards
Frequently Asked Questions
Conclusion

Now, let’s get crackin!

What is a Fintech Credit Card?

In simple terms, a fintech credit card combines the innovation of financial technology (fintech) with the convenience and power of credit cards. Fintech credit cards often come with unique features, competitive rates, and advanced tools that empower business owners to manage their finances efficiently.

Explore the 6 Best Fintech Credit Cards

Let’s take a closer look at some of the leading fintech credit cards that are revolutionizing the way individuals and business owners manage their finances.

1. Brex – Your Stealthy Fintech Ally

For: Businesses seeking a free corporate card

The Brex Corporate Card is an enticing choice for businesses seeking a no-personal-guarantee credit card with rewards. The card, issued through Brex’s financial operating system, caters to tech, life sciences, and eCommerce companies. I

t’s characterized by its absence of annual fees, interest charges, and personal credit checks. Instead, creditworthiness is determined based on the company’s likelihood to repay funds. Brex offers various account options, including Cash, Card, and Cash & Card, tailored to different financial needs.

The card boasts rewards such as up to 30K bonus points, points per dollar spent, and partner perks, including discounts with industry giants like AWS, Slack, and Google Ads. With a focus on expense management, the card offers real-time tracking tools, virtual cards, and expense automation. Qualification requires a US-based business with an EIN and a business bank account.

Learn more: Brex Card Review: Is This Corporate Card Offer Too Good to be True?

2. Divvy – The Power Credit Card

For: Business owners

Divvy is not just a business credit card; it’s a comprehensive financial solution tailored for businesses of all sizes. With Divvy’s innovative features, you gain access to budgeting tools, virtual cards, and enticing rewards.

This high-tech card isn’t just a piece of plastic; it’s a gateway to efficient expense management, AP automation, and seamless spending control. Divvy’s user-friendly platform empowers businesses to allocate budgets, set spending limits, and automate payment approvals.

The virtual card feature adds an extra layer of security for online and high-risk transactions. Additionally, Divvy offers a tiered rewards system, giving you the opportunity to earn points for your spending habits. These points can be redeemed for travel, gift cards, statement credits, or cash back.

While Divvy’s customer service receives mixed reviews, the platform’s help center and communication tools aim to provide comprehensive assistance. If you’re a business owner seeking advanced financial tools that streamline your operations and enhance your financial management, the Divvy credit card might just be the power boost your business needs.

Learn more: In-Depth Divvy Credit Card Review: Read This Before You Apply

3. Bluevine – Fintech Business Checking & Credit

For: Small business owners

Bluevine presents a game-changing solution for small business owners with its high-yield free business checking account. With the ability to earn 50X the national average interest on balances up to $100K, this offering stands out in the financial landscape.

The account comes with no monthly fees or minimum deposits, making it particularly appealing for digitally-focused businesses, freelancers, and service providers. While Bluevine’s single-account holder policy and minimum requirements to collect interest might not suit all businesses, the benefits are noteworthy.

The platform’s integration of sub-accounts, dedicated account numbers, and unlimited fee-free transactions adds to its appeal. Bluevine’s strategic partnership with MoneyPass ATM network provides widespread access to surcharge-free ATMs. However, cash deposits made at ATMs incur a fee. The option to grant access to your account without sharing login credentials is a unique feature, enhancing collaboration with bookkeepers and accountants.

Moreover, Bluevine’s line of revolving credit up to $250K, coupled with competitive rates, can offer additional financial support for qualifying businesses. Overall, Bluevine’s innovative offerings make it a compelling choice for businesses that prioritize digital transactions and aim to make the most of their account balances.

Learn more: Bluevine Review: Free, High Yield Small Business Checking! Are They Serious?

4. Stripe Corporate Card – Cashback and More

For: Business owners using Stripe Payments

The Stripe Corporate Card offers a compelling credit card option for existing Stripe Payments users. This card comes with unique advantages, including no fees, 0% interest, and an appealing 2% cashback on spending in top two categories.

Notably, with a spending of $5,000 on the Stripe Corporate Card, users gain access to $50,000 in free transactions on the platform. Furthermore, the card allows users to customize their logo, create branded cards, and even originate credit cards for their customers.

The card is available as both virtual and physical options, with the latter delivered within days. Stripe’s innovative approach is fueled by its primary revenue source—transaction fees for processing payments, allowing them to offer these enticing features. However, the card is exclusively available to existing Stripe Payments users, requiring those interested to request an invitation.

In comparison to similar offerings like Brex, the Stripe Corporate Card stands out with its cashback rewards. Stripe’s broader suite of financial services and its reputation as a payment processor further contribute to the appeal of the Corporate Card. This review aims to provide a comprehensive overview for business owners seeking a flexible and rewarding credit card solution.

Learn more: Have You Heard About the Free Stripe Corporate Card Cashback Benefits?

5. Ramp – Redefining Fintech Credit Cards

For: Businesses seeking a frde corporate card

The Ramp Corporate Card, provided by Ramp Financial, is a corporate credit card designed to help businesses save money. With an emphasis on cost reduction and rewards, the card offers a range of features that can benefit businesses of various sizes. This review delves into the offerings and highlights of the Ramp Corporate Card.

The card allows businesses to issue unlimited staff cards, each with customizable spending limits. Additionally, Ramp’s algorithm identifies potential savings opportunities by analyzing spending patterns.

The Ramp Corporate Card comes with no foreign transaction fees, late fees, interest fees, or annual fees. It offers a flat 1.5% cashback on all spending, allowing businesses to earn rewards across various expense categories – Ramp has partnered with various service providers, offering potential savings of up to $175K for cardholders who leverage these partnerships. These rewards encompass a range of services, from advertising credits to discounts on software subscriptions.

While specific requirements are not fully transparent, Ramp’s underwriting process seems to consider factors such as business size, average monthly card spending, and the presence of over $250K in the business account.

Learn More: Ramp Credit Card Review: Is This the Corporate Card for Your Business?

6. Meet the Unicorn Card – CredAI

For: Consumers

Cred AI is not your average credit card – It’s a fintech sensation offering a premium, mobile, fee-free metal credit card that packs a punch. With innovative technology, Cred AI helps you manage finances, build credit, and guard against fraud.

You can spend like a debit card while building your credit score, and access your paycheck up to two days early. The virtual Stealth Card™ and High-Security Mode™ provide added protection. Backed by AI, Cred AI learns your spending patterns and safeguards you from overspending.

The Unicorn Card™ extends credit based on upfront deposits and pays off your monthly balance using those funds. With Cred AI, you’re not just getting a credit card; you’re getting a comprehensive financial tool that combines convenience, security, and credit-building opportunities.

Learn more: Cred AI Review: Are You Really Better Than Your Bank?

→ You might also want to check out: They Do What?! Is the X1 Card Just a Bunch of Hype…?

Frequently Asked Questions

What is a Stealth Card?

Operating under the radar with a minimalist design, a stealth card offers enhanced security by concealing sensitive information. Unlike traditional cards that display critical details like card numbers and CVVs, a stealth card keeps these particulars hidden until needed, thwarting potential security breaches and ensuring peace of mind during transactions.

How does fintech make money?

Fintech credit card companies’ revenue-generation strategies can include transaction fees incurred during financial activities and subscription models that offer premium services for a recurring fee. But, the key money-maker is strategic partnerships that cater to the unique financial needs of their clientele.

What are the Big 4 credit card networks?

The “Big 4” credit card networks refer to the major players that dominate the credit card industry: Visa, MasterCard, American Express, and Discover – Fintech credit cards (as of now), tend to fall outside the realm of these established networks;

Who is eligible for fintech credit cards?

Fintech credit cards cater to a diverse spectrum of individuals and business owners, spanning from students with no credit to fledgling startups to well-established enterprises. Nearly anyone at any stage of the credit journey can find a fintech card to suit their situation.

How do you qualify for fintech credit cards?

The criteria for qualifying for fintech credit cards can vary from one offer to another, reflecting each company’s individual assessment strategies. Generally, consumers and businesses that maintain a consistent and reliable income stream stand a strong chance of meeting the eligibility requirements. Lenders typically evaluate the money going into and out of the applicant’s bank account to see if they qualify.

Is Zelle a fintech company?

Absolutely! Zelle falls squarely within the realm of fintech companies (though they have no credit card offer). The pioneering digital payment platform epitomizes the convergence of finance and technology. Zelle’s core mission revolves around facilitating swift and secure monetary transfers between individuals and businesses.

Conclusion

Congratulations, you’re now equipped with the knowledge to choose the best fintech credit card for your needs! Remember, these cards aren’t just about transactions; they’re about transforming the way you manage your finances.

So, why wait? Take the next step in boosting your business’s financial prowess by applying for one of these fintech credit cards today!

And, if you’re hungry for more credit knowledge, don’t forget to check out our Business Credit Workshop, where anyone can learn how to secure up to $100K in business credit within just 30 days…Your journey to financial empowerment starts now!

→ Join Business Credit Workshop today.

What is a Business Charge Card?

Business Charge Card vs Credit Card

Are Charge Cards Good for Business?

Best Business Charge Cards for Startups

1. Amex Business Gold Card

2. Brex Corporate Card

3. Bill Spend & Expense (Divvy) Card

4. Ramp Corporate Card

5. The PEX Card

Frequently Asked Questions

What is the point of a charge card?

Why would a business issue a charge card to their customers?

What is the difference between a charge card and a debit card?

Conclusion

What is Shopify Credit?

Business Credit vs Corporate Cards

Shopify Company Overview

Shopify Credit Features & Benefits

Shopify Credit Card Terms & Fees

Cashback & Bonus Offer

Shopify Credit Requirements

Shopify Credit Alternatives

Frequently Asked Questions

How does Shopify give you money?

Does Shopify Credit affect your ability to qualify for Shopify Capital?

What is the Shopify Credit card fee?

Will a Shopify Credit card help you build business credit?

Conclusion: Is This Card Offer Worthwhile?

Navigating the Plastic Jungle: Business Credit vs. Corporate Cards

Best Business Credit Cards for eCommerce

1. Amazon Business Prime Card from Amex

2. Amex Business Gold Card

3. Chase Ink Business Preferred Credit Card

4. Chase Ink Business Unlimited Credit Card

5. The Amex Blue Business® Plus Credit Card

Best Corporate Cards for eCommerce

1. Stripe Corporate Card

2. Brex Corporate Card

3. Divvy Corporate Card

4. Shopify Credit

Frequently Asked Questions

Which credit card is best for eCommerce?

Which credit card do most millionaires use?

What is the role of credit cards in eCommerce?

How do I use credit cards for eCommerce?

Final Swipe: Master Your Business Finances

What is a Fintech Credit Card?

Explore the 6 Best Fintech Credit Cards

1. Brex – Your Stealthy Fintech Ally

2. Divvy – The Power Credit Card

3. Bluevine – Fintech Business Checking & Credit

4. Stripe Corporate Card – Cashback and More

5. Ramp – Redefining Fintech Credit Cards

6. Meet the Unicorn Card – CredAI

Frequently Asked Questions

What is a Stealth Card?

How does fintech make money?

What are the Big 4 credit card networks?

Who is eligible for fintech credit cards?

How do you qualify for fintech credit cards?

Is Zelle a fintech company?

Conclusion

Business Credit Blog

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