The $250,000 Credit Card: Revenued - Get Funding Fast

In this video I want to go through a product that many of you who run small or medium-sized businesses may be interested in, and that is none other than the Revenued Business Card. It is a card that can get you up to $250,000 in funding with no credit check. Now, we did do a video on this card a couple of years ago. Remember that cool car I rented with the weird helmets? I don't know why, but the guy who rented this to us gave us these German soldier type helmets. I don't know, I'm just gonna go with it. Well, that video was all about the Revenued Card. But now, a year later, Revenued has rebranded with this very swish-looking new card, and some of the features have been enhanced too. So I want to take a look at how this card could help your small business in 2024. Hey credit warriors, welcome to the show. My name is Ben Hedges, aka The Credit Shofu, and on this channel I make videos about credit cards, personal finance, and luxury travel. If you like the sound of that, do subscribe. It's free. But in this video, let's get right into talking about the Revenued Business Card. So imagine this. You run a small business like the Airbnb business that I run, and perhaps you have damaged your personal credit through maxing out your personal credit cards to get your business started. Or you've missed a payment or two in the past. It's all right. Many people have been in that situation. I maxed out a credit card with a 0% APR deal to buy all the furniture for my Airbnb cabin, and the construction loan went on my personal credit report, okay? Not my business. It's basically what I could get at the time. But all that activity on your personal credit report can trash your credit score. Believe me, I've tested it. I recently took one of my credit cards to 96% utilization, and I let it report to the credit bureaus. Let's see how much my credit score has dropped by maxing out my credit card. Drum roll, please. And a whopping 60 points. And this can affect your ability to get business funding because you need to provide a personal guarantee for many big-name credit cards and other types of credit products. Well, that is exactly the problem that Revenued seeks to solve, okay? They want to provide a source of funding based on your business revenue, not your personal credit score. So here's how it works. When you apply, you answer some basic questions, then link your bank with Plaid, which is the industry-standard way of doing a read-only link with your business bank account. They don't do a credit check. Your personal credit score isn't even factored into this. It's all based on your business revenue. You get it? You've been Revenued. And that process to get Revenued takes as little as one hour. We will talk about the requirements to get approved in just a moment, but first of all, what do you actually get? Well, you get a Revenued card that can get you access to up to $250,000 in funding, depending on your business revenue. In addition to swiping your card for purchases, you can also get access to what Revenued calls the flex line, where you can actually withdraw cash from the card. There's no setup fee, no annual fee on the card, and no draw fees for the flex line. So Revenued could be an easy source of business funding for many different types of projects, whether you're selling items on Amazon, or you're in the construction industry needing to buy materials before you do the job, and you can only invoice your client when the job is done. Or like for me, if I need to rent a cool car or a luxury lake house for a video and the client hasn't paid me yet. These are all instances where you may need a source of funding to cover you for a few weeks while you're waiting for that revenue to come in. And all that activity on your Revenued card gets reported to Dun & Bradstreet. They are the main credit reporting bureau for business credit. So think of Equifax, Experian, and TransUnion. Well, those are personal credit scores and credit bureaus, and Dun & Bradstreet is for business. So the card will help you build up your business credit score, which can open up more opportunities to get approved for products based solely on your business credit with no personal guarantee in the future. So that is the product, but let's now talk about the criteria for getting approved. So you must be a US-based business and you must be a company. They don't accept sole proprietorships. You need to have been in business for at least one year, have a dedicated business bank account, and have monthly deposits in that account of $20,000 or more. And once again, it does not matter about your personal credit score. This is based on your business revenue alone. So if you fit those criteria, Revenued could be a really great option to look into. I'm going to be honest, guys, this isn't for everyone. So don't be up in the comments like, this card would make no sense for me, because you're probably not who this card is aimed at anyway. But those of you in the audience who have a business and are actively looking for sources of funding to use responsibly for your business, this could be an excellent option. If you're interested in the Revenued business card, do click the link below to find out more. And as always, if you are new to the channel, do subscribe for more credit card reviews, tips and tricks almost every day. We'll see you in the next one. Bye-bye.