Bluevine Business CashbackMastercard® Fully Integrates with Bluevine BusinessChecking for Seamless Cash Flow Management and Access to Capital toFuel Business Growth
Bluevine, the banking platform that serves as the financialoperating system for startups and small businesses, today announcedthe general availability of the Bluevine Business CashbackMastercard®1, which offers small businessowners essential access to working capital along with an expansivemenu of business tools, merchant discounts, and services to helpboost productivity, reach new customers, protect your business, andbetter manage travel and expenses. In addition to earning unlimited1.5% cash back on all business purchases with no annualfee2, Bluevine Business Cashback Mastercard cardholderscan also strengthen overall cash flow management with access toboth their card and Bluevine Business Checking account from asingle dashboard.
“Today, many business credit cards and corporate expense cardsare designed for large companies. Small business owners oftenresort to using their personal cards, which can be problematic formanaging expenses and accurately forecasting their financials sincebusiness and personal spending are blended,” explained AdityaNarula, SVP and GM of Lending and Credit at Bluevine. “Bluevineworked closely with Mastercard to introduce a card that is trulyintended for the needs of small businesses, along with all of theperks and benefits that can help them save, earn, and grow.”
“The need to support small businesses – and the communitiesbehind them – is as critical as ever,” said Ginger Siegel, NorthAmerica Small Business Lead for Mastercard. “We’re delighted to beworking with Bluevine to enhance access to working capital throughthe Bluevine Business Cashback Mastercard and provide vitalresources like our Digital Doors toolkit and other tools to enhanceoperational efficiency and accelerate growth in the digitaleconomy.”
All Bluevine Business Cashback Mastercard cardholders will haveaccess to features and benefits specifically designed to help smallbusinesses achieve their goals and drive growth, including aBluevine Business checking account and additional Mastercard perksand resources, such as:
- The Power of a Single Platform: In addition to managingall business finances in one place, the all-in-one Bluevinebusiness banking platform enables businesses to unlock higherAnnual Percentage Yield (APY) on checking account balances to earnmore3, qualify for monthly fee waivers on Plus andPremier plans4, receive discounts on same-day ACH andwire payment costs, and more.
- Rewards for Business Growth: Earn 1.5% cash back alongwith other rewards and benefits for every business expense, turningbusiness spending into company growth opportunities. This includesaccess to Mastercard Easy Savings™, with thousands of automaticrebates, and Mastercard Digital Doors®, with access toinsights and services to promote and grow your business.
- Business Health, Safety, and Security: Build and monitoryour business credit score with Experian. Gain peace of mindsafeguarding your business with built-in fraud protection, dataencryption, and two-factor authentication. With free enrollment inMastercard ID Threat Protection™, business owners can alsoproactively monitor and resolve identity theft issues - includingassistance from a resolution specialist.
- Run Your Business Even Better: See your business runfaster, simpler, and smoother. Manage cash flow effectively withemployee cards with customizable spending limits for authorizedusers.
- Take Your Business Anywhere You Want: Take your businessanywhere in the world. Experience enhanced business travel withbenefits, services, and discounts - including access to MastercardAirport Concierge®, car rental insurance, fuel offers,and more.
A Bluevine Account for Any Business
Bluevine providescustomers three different options for their Bluevine BusinessChecking account - so they can choose the plan that does the mostto unlock additional growth for their business. With APY rangingfrom 2.0% to 4.25%, eligible business owners can immediatelymaximize the returns on their business checking deposits. Customerson the Premier and Plus plans can also enjoy discounted costs onmost Standard payment fees, and no monthly fees4 basedon qualifying balances and combined monthly spending activityacross Bluevine Business Debit Mastercard® and BluevineBusiness Cashback Mastercard® credit card. Businessowners can sign up for a one-month free trial of either the Plus orPremier 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 theBluevine Business Cashback Mastercard® credit card,visit: https://app.bluevine.com/signup/checking
About Bluevine
Bluevine is the banking platform thatserves as the financial operating system for startups and smallbusinesses. Through a single account, companies can earn more, savemore, borrow, and manage their money whenever and wherever they dobusiness - without ever stepping into a branch. Accessible throughone dashboard, its product suite integrates high-yield businesschecking, accounts payable, debit and credit cards, loans, andlines of credit. Since 2013, Bluevine has served over 500,000customers, delivered over $14 billion in loans, and is currentlytrusted with over $1 billion in managed customer deposits.
Bluevine is backed by leading private and institutionalinvestors, including Lightspeed Venture Partners, Menlo Ventures,83North, Citi Ventures, ION Crossover Partners, SVB Capital,Nationwide Insurance, and M12 (Microsoft’s Venture Arm). Bluevineis a financial technology company, not a bank. Banking Servicesprovided by Coastal Community Bank, Member FDIC. Lines of creditare issued by Celtic Bank. For more information, please visitbluevine.com or follow us on LinkedIn, Instagram, Facebook, andTwitter.
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1 The Bluevine Business Debit Mastercard® andBluevine Business Cashback Mastercard® are issued byCoastal Community Bank, Member FDIC pursuant to a license fromMastercard International Incorporated and may be used everywhereMastercard is accepted. Mastercard is a registered trademark, andthe circles design is a trademark of Mastercard InternationalIncorporated.
2 1.5% cash back earned per $1 of eligible netpurchases (purchases minus returns/credits). Cash, cashequivalents, fees, interest payments, and person-to-person paymentsnot eligible. Additional terms and restrictions apply; seeCardmember Agreement supplement for details.
3 Binding terms governing interest, includingeligibility requirements and information about the calculation ofinterest, are detailed on the Terms of Interest Accrual which isincorporated as a part of the Bluevine Business Checking AccountAgreement.
4 Customers qualify for a monthly fee waiver for Plusplan by maintaining an average daily balance of at least $20,000across their Bluevine Business Checking account and sub-accountseach billing period, and spending at least $2,000 each billingperiod with their Bluevine Business Debit Mastercard®and/or Bluevine Business Cashback Mastercard®. Customersqualify for a monthly fee waiver for Premier plan by maintaining anaverage daily balance of at least $100,000 across their BluevineBusiness Checking account and sub-accounts each billing period, andspending at least $5,000 each billing period with their BluevineBusiness Debit Mastercard® and/or Bluevine BusinessCashback Mastercard®.
View sourceversion on businesswire.com: https://www.businesswire.com/news/home/20240625153689/en/
Media Contact:
Kevin McLaughlin
Sr. Director, PR & Communications
press@bluevine.com
