Revenued Business Card Reviews

The Revenued Business Card + Flex Line is a revenue-based line of credit and prepaid card that utilizes factor rates instead of interest rates.

Revenued comes with drawbacks, like stringent eligibility requirements, potentially high factor rates, and confusing repayment terms. We recommend considering other options before applying.

How Does Revenued Work?

So, what exactly is Revenued?

The Revenued Business Card does not function like a business credit card. Rather, the card itself is a prepaid card. It’s not a charge card or any other type of business card you’ll find with another credit card issuer. It’s funded by the spending line extended to you by Revenued.

The spending line you receive with Revenued is tied to your future receivables. The more monthly sales you generate, the more financing you’ll have access to.

Revenued can be confusing in that many don’t understand exactly what the Revenued Business Card + Revenued Flex Line is. Is it a merchant cash advance because it has factor rates? Is it a business line of credit despite not having traditional interest rates?

How does the Revenued business card work?

To clear up the confusion, it is a business line of credit with some modifications. As per Revenued’s Flex Line vs. MCA blog:

“The Revenued Flex Line offers a versatile alternative to MCAs, allowing businesses to draw only what they need and pay for only what they use… If you're approved for $5,000 but only need $2,000, you draw $2,000 and repay based on that amount plus the associated factor—not the entire $5,000.”

You receive financing based on your overall sales. Then, you use as much of your available credit limit as you want to.

It can seem straightforward, but there’s a lot that you need to know before you apply for a Revenued account.

Revenued Pros

1. Your Ability to Secure Financing Isn’t Limited by Bad Credit

The one major advantage of the Revenued Business Card + Revenued Flex Line is that you don’t have to worry about a low FICO score or business credit score.

Business financing options can be limited if your credit is okay or subprime. This makes it difficult to secure the cash your business needs to scale. Even business credit card solutions can be difficult to secure with limited credit history and low scores.

Aptly named, Revenued focuses solely on the business revenue you have coming in. If you manage to make as much as they need to approve you, you can get funded fast without having to worry about your credit holding you back.

This can be an invaluable resource if you’re a small business owner with limited options and have a need for fast cash.

The Revenued card is said to build business credit, despite not being a business credit card. It reports your payments to the business credit bureaus, but it doesn’t state which ones.

It’s still worth looking at other business credit card solutions or other business funding options beyond the traditional business credit card. You might be able to build credit and fund your business with other card issuers offering more desirable terms.

Consider looking into credit card options like secured business credit cards that report to D&B, startup business credit cards with no credit EIN only, or a Capital One business credit card EIN only.

2. Quick and Easy Funding When You’re Having Cash Flow Problems

There are many benefits that accompany a business line of credit.

If you’re experiencing cash flow problems, a business line of credit gives you the ability to manage these cash flow gaps with relative ease.

Beyond that, a business line of credit enables you to access fast cash if there are certain business opportunities you wish to take advantage of. It also supports you if your business runs into unexpected expenses you may need additional financing to manage.

Put simply, the Revenued Business Card + Flex Line can help you navigate a wide range of financial challenges with a revolving line of credit that you can depend on. This is all while earning an additional 3% cash back on eligible purchases.

These two advantages are what make Revenued a popular option for those who need business revenue-based financing.

But there are certain drawbacks that you need to be aware of before you apply. Despite fast cash, cash flow support, and cash back on every eligible purchase, there are disadvantages that can impact your experience with Revenued.

Revenued Cons

1. Strict Eligibility Requirements

The most prevalent problem with those seeking financing from Revenued is constant rejection. If Revenued is a revenue-based financing solution that’s supposed to be easier to qualify for than traditional business credit cards, why are people being turned away?

You have to dig a little bit to see what they require to extend business funding. Unfortunately, Revenued doesn’t outline the eligibility requirements on its homepage. If you check out their FAQs, all you’ll see is the following:

To qualify for the card, a business must:

• Operate in the United States_
• Not be a start-up. It must have been in business for over a year_
• Have a business bank account - no personal accounts_
• Have a bank account that has not gone negative for more than three days in a month

But the eligibility requirements are far more stringent for small business owners than that.

According to their blog on business credit and business bank accounts, a small business must have the following to qualify for the Revenued Business Card + Flex Line.

At least $20,000 in monthly sales An average daily balance of at least $1,000

If you’re not generating at least $240,000 in annual revenue and have an average daily balance of less than $1,000, you’ll likely be turned away.

This isn’t something that’s obvious if you don’t know where to look. Additionally, not every Revenued business card review brings this up or gets the numbers right.

As such, it may not be suitable for some small business owners who need accessible business funding the most. Another small business credit card might be a better choice.

2. Can Be an Expensive Way to Fund Your Business

Revenued doesn’t feature draw fees or underwriting fees.

That much is true.

However, that doesn’t mean that it’s necessarily the best option.

Factor rates can range anywhere from 1.1 to 1.5. If you do end up with factor rates on the higher end of the spectrum, you have to pay back the principal and an additional sum of 50% of the total financing amount (if you use it all).

Another fee that doesn’t seem to be present on the cardholder agreement or throughout the website, but is reported by nearly every Revenued review, is the low balance fee or bounce fee.

If you don’t have enough in your account when they go to withdraw money, you can end up paying a $35 fee.

This brings us to our next point: daily repayments. Revenued states that they have flexible payment options, in comparison to the daily fixed payments of MCAs.

Other Revenued business card reviews don’t agree with this. They state that they do withdraw money from your connected business bank account for business loan repayment.

There are a lot of discrepancies and a lack of clarity regarding Revenued’s practices. It’s crucial to reach out to them directly and touch on all these points to ensure you know what you’re getting with their Revenued Business Card + Flex Line.

Revenued Customer Reviews

Revenued customer reviews are fairly high on third-party websites like TrustPilot.

Customers praise the company for its simple application process, stellar customer service, and easy-to-use platform.

But that’s not entirely representative of the overall experience.

If you look elsewhere, like myFICO, you’ll find business owners who were turned away, likely due to the unclear nature of the eligibility requirements.

The Revenued Business Card + Flex Line is something that you will want to consider carefully before applying. For some, this line of credit might be desirable because they can manage the repayment schedule and land a low factor rate.

Others might be turned away or end up with a very expensive line of credit. Review the above and work with Revenued to learn what you can realistically expect before you commit.

There are other business revenue-based options that are easier to qualify for and offer better terms, like the FairFigure Capital Card.

Get the FairFigure Capital Card

The FairFigure Capital Card is a business credit card with an EIN only that features no personal credit check, no personal guarantee, and no paperwork.

Much like the Revenued Business Card + Flex Line, the FairFigure Capital Card is a revenue-based business financing solution. However, unlike Revenued, more small businesses will qualify.

All that’s required to be eligible for the FairFigure Capital Card is $2,500 in monthly revenue and at least three months in business.

If you qualify, you’ll receive a business card with no annual fees, no interest rates or factor rates, and flexible repayment terms of anywhere from four to eight weeks.

Better yet, this business credit builder card will help you maximize your credit-building efforts. Every transaction is reported as a tradeline to Equifax, Creditsafe, the SBFE, and the FairFigure Foundation Report.

Sign up for FairFigure today to start funding your business and building your business credit with ease!