Revenued Business offers the following benefits:
- $500 bonus after $5,000 in spend after spending $5,000 in the first 3 months
- 3% cash back on all purchases
- No annual fee
This is actually a line of credit, rather than a traditional credit card. What this means is that you don’t have a grace period on purchases, meaning you’ll always pay some interest on purchases. It also looks like you won’t earn 3% cash back for the first three months. Because of this it’s likely that the 3% actually ends up being less than 2% after fees. Probably not worth considering for most people.
Hat tip to ClaytonBigsby762
Bonus looks to be dead
Edit: The bonus no longer shows on the landing page but if you partially begin your application they send an email reminder to complete the app and advertise the promotion in this post. So I have it in writing and will report back.
Did anyone apply for this? it feels interesting.. especially the no hard pull.. can a sole-p with a few thousand revenue get this?
hi
Matthew I didn’t end up doing it. Got too busy with life. I forgot all about it. Now that I’m reminded about it.. it’s definitely interesting.
$500 after $5000 in spend, with no HP? I’d say this is worth it. i’ve done more for less
They inquiry sensitive? Do they do a hard inquiry?
“Approvals based on revenue, not your credit score with no hard credit pull to apply”
What documents do they need for application?
Looks like it’s not a traditional line of credit, there is no interest charge. It’s effectively a debit card tied to a merchant cash advance. Read the cardholder terms. Limit of 10k spend/day and you can only spend funds that are in your Pearl Capital account (a merchant account so funds are from selling stuff to other people who paid you with cc/debit). It’s essentially for someone starting or running a business who has bad credit.
Does a line of credit affect 5/24
this question.
*Leveraged Business