Grassroots Business Credit Card
When You Enroll, You Receive An Initial Line Of Unsecured Credit Between $200-$10,000
*SOFT CREDIT PULL * REPORTS TO D & B currently and more coming soon…Business Bank Account
Minimum Personal FICO Score Of 300+
EIN/TAX ID Number
Minimum Requirements
Weekly Settlement
Decide on a specific amount ($50, $75, $100, other) you would like debited from your business bank account every FRIDAY to apply toward your NEW World Mastercard.
The weekly transfer amount will be applied as a PAYMENT toward the remaining balance on the card for that week. If you do not have a balance, it will be applied as a CREDIT toward your new business credit card. ( See FAQ for more info)
Build Credit on Business Spending
As you use your NEW BUSINESS CREDIT CARD, you will find relief knowing that you are building business credit with every transaction. You now, have a way to separate your personal and business expenses in style as well.
Frequently Asked Questions
How Does It Work?
Decide on a specific amount
( $50,75,100, other), you would like debited from your business bank account every FRIDAY to apply toward your NEW Mastercard. The weekly transfer amount will be applied as a PAYMENT toward the remaining balance on the card for that week. If you do not have a balance, it will be applied as a CREDIT toward your new business credit card.
Example
Credit Limit $500
Weekly Transfer $100
You go to the store to buy a computer monitor for $200.00 on your new card. You now have a balance of $200.00 you will have a remaining unsecured spending ability of $300. The upcoming weekly transfer of $100.00 will go toward the $200.00 balance, leaving you a remaining balance $100.00 on your card. If not used, the weekly transfer the following week will bring the balance to $0.00
If you DO NOT have a balance
Your Credit limit will remain at $500.00; the weekly Transfer of $100.00 will increase your spending limit to $600.00 and increase weekly if not used $600, $700, $800,etc… This is for the life of the card
Do I Qualify?
To Qualify, you need an active Business account along with your Tax Id #, a Minimum personal FICO score of 300+ the balance on your Business Card.
The good news it’s a soft credit pull !
Is There An Application Fee?
Yes, There is a $99 application fee to get started.
FULL REFUND IF DENIED
That’s how confident we are you will be approved.
How Much Is My Initial Line Of Credit?
Because this is a banking product, the bank must follow the “Patriot Act” and be sure that you are who you say you are. They will do a “soft pull” at the credit bureau to be sure that you have a file. It will not affect your credit score but it will generate a FICO (Experian) score that the bank will use to offer you an initial unsecured line of credit. After three months of your business transaction history, they will review your account and may increase your line of credit. To view FICO scores to line of credit matrix, CLICK HERE
Do You Have To Use A Grassroots Merchant Account?
No. However, we offers additional perks such as rate discounts on merchant service processing if you have one of our Business Credit Cards
How Much Can You Have Debited From Your Account Weekly To Be Loaded To Your Business Credit Card
$50.00
$75.00 ( Recommended )
$100.00
What Are The Fess For The Credit Card?
There is a $9.95 monthly fee charged to your new credit card.
What's The APR?
As you accept credit cards, a portion of your settlements are being applied to any outstanding balance on your credit card. As your balance is paid, there should be no finance charges or carrying costs
How Long Does It Take To Get My New World MasterCard?
The approval process generally takes less than one business day. You should have your Grassroots Business Card in the mail within the next 5 to 7 business days
Can I Move Cash From The Credit Card To My Bank Account?
Yes. Move cash from world mastercard to your bank account instantly for a 3% fee
Can I Add Additional Cards?
Yes. You can add as many cards as you would like and you have complete control over spending limits and authorization amounts through your business management portal
What Credit Bureau Will Report This Card?
Dun & Bradstreet
*As a reminder, its important to register your new Tax ID number with D & B, which can be done after you get your card