171–180 of 257 posts
This is the second time Stripe has been at the top of HN in the last week. Any theories on why? Is this really that novel of a business?
Wait, let me get this straight. You get $5000 of AWS Credits that don't expire and don't require any minimum level of spending by signing up for this card?
Hi there! There is no minimum spend requirement to take advantage of the AWS credits. They are promotional credits and will eventually expire; see Amazon's terms: https://aws.amazon.com/awscredits/ .
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Yes, the employee. Why do you think it's shady? In my years of working in and around people with the same setup I've never heard of any complaints, and I know most of the other large consulting companies do it the same way. AFAIK the thought behind it is that not every expense on the card is for work - as a consultant, I travel every week and I put all kinds of expenses on the card (not all of which are strictly "for…
>it's basically the same as having a personal CC and my company reimburses me for the expenses The company collects all the rewards for the spend but you take on all of the risk of repayment. If you used your personal card you'd collect the rewards. Using personal cards and being reimbursed is a nice perk for many.
Erm, no they don't. I personally collect all of the rewards from it. I have a nice fat account of AmEx MRs (and plenty of hotel and airline points) thanks to all of my corporate card spend.
edit: I have no idea why this is being downvoted. Do you want me to show you a screenshot of my MR account as proof, or something? AmEx corporate cards absolutely give the card rewards to the employee, not the company.
See https://millionmilesecrets.com/news/you-can-earn-american-ex...
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Wait, how do these cards work, then? The corporate cards I've used (eg AmEx Corporate) did indeed require a personal guarantee and a personal social security number from each individual who had an account.
American Express has both "Business" and "Corporate Business Cards." The "Business" ones require a personal guarantee. For some color, I've signed up for multiple Amex Business cards in the past as a "sole proprietor" even though I was really just churning the cards for the rewards. You just input your SSN for the EIN. The Corporate Amex cards don't require a personal guarantee.
I have Amex corporate and it absolutely required a personal guarantee. Social Security number and all.
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A warning for using the Amazon visa: their record retention is horrible. I had to call in and talk to someone for them to send me a paper statement for charges from the previous year when doing taxes. Their export for current records is also terrible last I checked. It's basically terrible for any sort of accounting. As a small business owner, it wasted hours of my life for no good reason.
Not sure which card you are referring to. I’ve had the amazon chase visa for over 10 years and have no problem pulling up my records.
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I push all our spending through a 2% cash back capitalone business visa. Can't find a better cashback rate, though you could run multiple cards through different vendors with their own credit cards, but you get diminishing returns. If you are a big amazon spender (products, not AWS), it makes sense to do an amazon visa, and then the capital one for everything else. It's really easy to believe the deal when you look a…
> If you are a big amazon spender (products, not AWS) The Amazon Business card from Amex is great for Amazon spending, products and AWS included.
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> If you are a big amazon spender (products, not AWS) The Amazon Business card from Amex is great for Amazon spending, products and AWS included.
Wow, 3% back on AWS is definitely nice!
1-2% cashback is highly appealing from here in the UK but shame to see is US only. Anyone shed any light on why getting cashback cards in the UK is rare compared to elswehre? Personally I found Tandem which gives 0.5% cashback which is nice but not much. Business wise we decided to use Amex as the rewards are OKish (comes out to like ~0.5% again I think?) and being able to pay for US services on our USD card is nice…
[Stripe co-founder] As multiple commenters note, UK and EU interchange is significantly lower than that in the US. So the rewards market tends to be different as a result. That said, launching this in the UK would still be attractive to us. We don't think rewards are the primary thing businesses are looking for. As we talked to founders, it seems like they all want a corporate card early on for their business spendin…