4 ms·
Many of the posters in this thread miss the point, perhaps because they have not tried to get a credit card for their startup or small business. Even if you ha
by typpo 8y ago
Many of the posters in this thread miss the point, perhaps because they have not tried to get a credit card for their startup or small business.
Even if you have millions in the bank, the process of getting a card is long and tedious. It took me weeks, hours of phone calls, visits to the bank, and affected my personal credit. In the end a well-known card provider gave us a $5000 limit. We sometimes put that much on the card in a few days, and autopay is monthly, so someone had to manually monitor the card balance just to keep the card working.
The experience of being a small business that wants to use a credit card sucks. It's not even a little surprising to me that Brex is doing great.
- ivrrimum 8y agoAs an ex-"small business owner" in Eastern Europe, i can't relate. Credit card arrives in few days(via mail or on-site pickup) and for larger payments, you can use a credit calculator(provided by the bank), which generates a unique code which you must enter in your e-bank. This is only necessary for payments larger than 10k+(if i remember correctly).