Bluevine Adds Mastercard-Powered Small Business Credit Card to the Arsenal of Tools Available on its Banking Platform
June 25 2024 - 6:00AM
Business Wire
Bluevine Business Cashback Mastercard® Fully
Integrates with Bluevine Business Checking for Seamless Cash Flow
Management and Access to Capital to Fuel Business Growth
Bluevine, the banking platform that serves as the financial
operating system for startups and small businesses, today announced
the general availability of the Bluevine Business Cashback
Mastercard®1, which offers small business owners essential access
to working capital along with an expansive menu of business tools,
merchant discounts, and services to help boost productivity, reach
new customers, protect your business, and better manage travel and
expenses. In addition to earning unlimited 1.5% cash back on all
business purchases with no annual fee2, Bluevine Business Cashback
Mastercard cardholders can also strengthen overall cash flow
management with access to both their card and Bluevine Business
Checking account from a single dashboard.
“Today, many business credit cards and corporate expense cards
are designed for large companies. Small business owners often
resort to using their personal cards, which can be problematic for
managing expenses and accurately forecasting their financials since
business and personal spending are blended,” explained Aditya
Narula, SVP and GM of Lending and Credit at Bluevine. “Bluevine
worked closely with Mastercard to introduce a card that is truly
intended for the needs of small businesses, along with all of the
perks and benefits that can help them save, earn, and grow.”
“The need to support small businesses – and the communities
behind them – is as critical as ever,” said Ginger Siegel, North
America Small Business Lead for Mastercard. “We’re delighted to be
working with Bluevine to enhance access to working capital through
the Bluevine Business Cashback Mastercard and provide vital
resources like our Digital Doors toolkit and other tools to enhance
operational efficiency and accelerate growth in the digital
economy.”
All Bluevine Business Cashback Mastercard cardholders will have
access to features and benefits specifically designed to help small
businesses achieve their goals and drive growth, including a
Bluevine Business checking account and additional Mastercard perks
and resources, such as:
- The Power of a Single Platform: In addition to managing
all business finances in one place, the all-in-one Bluevine
business banking platform enables businesses to unlock higher
Annual Percentage Yield (APY) on checking account balances to earn
more3, qualify for monthly fee waivers on Plus and Premier plans4,
receive discounts on same-day ACH and wire payment costs, and
more.
- Rewards for Business Growth: Earn 1.5% cash back along
with other rewards and benefits for every business expense, turning
business spending into company growth opportunities. This includes
access to Mastercard Easy Savings™, with thousands of automatic
rebates, and Mastercard Digital Doors®, with access to insights and
services to promote and grow your business.
- Business Health, Safety, and Security: Build and monitor
your business credit score with Experian. Gain peace of mind
safeguarding your business with built-in fraud protection, data
encryption, and two-factor authentication. With free enrollment in
Mastercard ID Threat Protection™, business owners can also
proactively monitor and resolve identity theft issues - including
assistance from a resolution specialist.
- Run Your Business Even Better: See your business run
faster, simpler, and smoother. Manage cash flow effectively with
employee cards with customizable spending limits for authorized
users.
- Take Your Business Anywhere You Want: Take your business
anywhere in the world. Experience enhanced business travel with
benefits, services, and discounts - including access to Mastercard
Airport Concierge®, car rental insurance, fuel offers, and
more.
A Bluevine Account for Any Business Bluevine provides
customers three different options for their Bluevine Business
Checking account - so they can choose the plan that does the most
to unlock additional growth for their business. With APY ranging
from 2.0% to 4.25%, eligible business owners can immediately
maximize the returns on their business checking deposits. Customers
on the Premier and Plus plans can also enjoy discounted costs on
most Standard payment fees, and no monthly fees4 based on
qualifying balances and combined monthly spending activity across
Bluevine Business Debit Mastercard® and Bluevine Business Cashback
Mastercard® credit card. Business owners can sign up for a
one-month free trial of either the Plus or Premier plan, or select
the Standard plan with no monthly fee, balance requirement, or
minimum deposit.
To open a Bluevine Business Checking account and apply for the
Bluevine Business Cashback Mastercard® credit card, visit:
https://app.bluevine.com/signup/checking
About Bluevine Bluevine is the banking platform that
serves as the financial operating system for startups and small
businesses. Through a single account, companies can earn more, save
more, borrow, and manage their money whenever and wherever they do
business - without ever stepping into a branch. Accessible through
one dashboard, its product suite integrates high-yield business
checking, accounts payable, debit and credit cards, loans, and
lines of credit. Since 2013, Bluevine has served over 500,000
customers, delivered over $14 billion in loans, and is currently
trusted with over $1 billion in managed customer deposits.
Bluevine is backed by leading private and institutional
investors, including Lightspeed Venture Partners, Menlo Ventures,
83North, Citi Ventures, ION Crossover Partners, SVB Capital,
Nationwide Insurance, and M12 (Microsoft’s Venture Arm). Bluevine
is a financial technology company, not a bank. Banking Services
provided by Coastal Community Bank, Member FDIC. Lines of credit
are issued by Celtic Bank. For more information, please visit
bluevine.com or follow us on LinkedIn, Instagram, Facebook, and
Twitter.
_______________________________________ 1 The Bluevine Business
Debit Mastercard® and Bluevine Business Cashback Mastercard® are
issued by Coastal Community Bank, Member FDIC pursuant to a license
from Mastercard International Incorporated and may be used
everywhere Mastercard is accepted. Mastercard is a registered
trademark, and the circles design is a trademark of Mastercard
International Incorporated.
2 1.5% cash back earned per $1 of eligible net purchases
(purchases minus returns/credits). Cash, cash equivalents, fees,
interest payments, and person-to-person payments not eligible.
Additional terms and restrictions apply; see Cardmember Agreement
supplement for details.
3 Binding terms governing interest, including eligibility
requirements and information about the calculation of interest, are
detailed on the Terms of Interest Accrual which is incorporated as
a part of the Bluevine Business Checking Account Agreement.
4 Customers qualify for a monthly fee waiver for Plus plan by
maintaining an average daily balance of at least $20,000 across
their Bluevine Business Checking account and sub-accounts each
billing period, and spending at least $2,000 each billing period
with their Bluevine Business Debit Mastercard® and/or Bluevine
Business Cashback Mastercard®. Customers qualify for a monthly fee
waiver for Premier plan by maintaining an average daily balance of
at least $100,000 across their Bluevine Business Checking account
and sub-accounts each billing period, and spending at least $5,000
each billing period with their Bluevine Business Debit Mastercard®
and/or Bluevine Business Cashback Mastercard®.
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version on businesswire.com: https://www.businesswire.com/news/home/20240625153689/en/
Media Contact: Kevin McLaughlin Sr. Director, PR &
Communications press@bluevine.com