New Intuit Business Card Approved

[Dcowboy08]

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@CalCashBack wrote:

Big congrats again on the approvals. Super helpful data so far.

Quick questions if you don’t mind sharing:

• Were you invited / pre-approved inside QuickBooks, or did you have to manually apply?

• About what monthly revenue does your QuickBooks show? (rough range is totally fine)

• Have you seen any terms of service link yet? Trying to figure out if this is a true credit card or more like a charge card.

• Also curious what the card actually looks like — any chance you could share a quick screenshot?

Really appreciate it! Just doing some early research.

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In my case, Intuit called and left a message about their new product. I went on my Quickbooks and under Lending and Banking, they have the Credit Cards tab. I applied and was told my EX was frozen. Unfroze and instantly approved for $32,500.00. 

My business does around a million a year. All my invoicing and payments go through QB's. I also was approved early in 25' for $85k LOC and I carry a term loan that I used to finish paying off another term loan early. That was through them as well. Lowered the interest rate. My EX is actually my lowest score, 706 at the time they pulled. It was a SP.

I hope these DP's help.

[cardslayer]

I went in and looked at QBO > Lending > Credit Cards and only see a "Capital on Tap Business Card" card offering. I'm assuming that's not this new Intuit card? Seems to be offered by WebBank as well, but it doesn't really look like this new product you all are talking about. Anybody know if it's only select QB accounts or regions?

[SMB85]

Correct, "Capital On Tap" is NOT the Intuit Business Card. It's a garbage platform I would stay far away from. They randomly "pause" the card and only permit automatic payments from your linked business account.

Intuit must be doing a slow phased rollout of their card. There isn't much publicly available yet.

[Landlord_27]

Congratulations on the approval and thank you for the data points. Did they report on your personal report as well?

[julia18330]

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@fullstackdev wrote:

New business credit card from Intuit/WebBank that offers 2% cash back on all purchases and 5% on Intuit products (like Quickbooks). I've been waiting for it since they started teasing it in the QuickBooks app late last year. Applications must have opened this week. I was not instantly approved when I applied. I had to upload my ID and a document to verify my address. Approved via email 24 hours later for $27,500. No hard pull. Previous highest limit was my 9-year-old CapOne Spark 1.5% at $10,000. I'm pretty sure WebBank does not report business accounts to personal credit... I'll report back if this shows up on my personal reports. This will most likely replace my CapOne Spark 1.5% as our daily driver for non-category spend.

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Did you receive an email confirmation from the application? I applied last night, it kind of glitched after I linked my bank account, then said under review but I haven't received any email confirmation. Thanks