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Stripe Corporate Card

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Re: Stripe Corporate Card

#211

Post by maratd »

cdolan wrote: post #205
cullenking wrote: post #53

Earlier quoted context omitted.

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…

It was awkward to read this it sounds eerily similar to my company. We’ve been using two capital one cards for all of our expenses (in the hundreds of thousands per month), and have really enjoyed the benefits of 2% cash back. The biggest issue is the credit limit. Even after 12 months of making 4-6 payments for the entire credit limit throughout the month (we max the card out every week at least), they still won’t g…

> Even after 12 months of making 4-6 payments for the entire credit limit throughout the month (we max the card out every week at least), they still won’t give us the limit we need.

Had the same experience with the same card, asked multiple times for a credit increase ... which they denied. Then they increased it months later when I didn't ask. Go figure.

Re: Stripe Corporate Card

#212

Post by ernesto235 »

maratd wrote: post #211
cdolan wrote: post #205

Earlier quoted context omitted.

It was awkward to read this it sounds eerily similar to my company. We’ve been using two capital one cards for all of our expenses (in the hundreds of thousands per month), and have really enjoyed the benefits of 2% cash back. The biggest issue is the credit limit. Even after 12 months of making 4-6 payments for the entire credit limit throughout the month (we max the card out every week at least), they still won’t g…

> Even after 12 months of making 4-6 payments for the entire credit limit throughout the month (we max the card out every week at least), they still won’t give us the limit we need. Had the same experience with the same card, asked multiple times for a credit increase ... which they denied. Then they increased it months later when I didn't ask. Go figure.

Thanks your

Re: Stripe Corporate Card

#213

Post by vageli »

jblake wrote: post #46

As a small business owner, what I like about the Chase business cards is rewards come back in the form of points that I can easily transfer to my personal cards. It sounds like Stripe applies them towards the statement, i.e., benefit goes to the business, not to me personally. However, the 50k free processing is very enticing as thats way higher than any other signup bonus I've seen. But again, credit goes to busines…

> As a small business owner, what I like about the Chase business cards is rewards come back in the form of points that I can easily transfer to my personal cards. It sounds like Stripe applies them towards the statement, i.e., benefit goes to the business, not to me personally.

Extracting a thing of value that was remitted to the business to a personal account for personal use sounds like embezzlement, but IANAL.

Re: Stripe Corporate Card

#214

Post by ianhawes »

mars4rp wrote: post #126
ianhawes wrote: post #99

Earlier quoted context omitted.

The Uber Visa card also includes up to $50 in credits for popular recurring services, including Netflix, Hulu, Apple Music, Sirius, and others.

Up to a $50 statement credit for online subscription services after you spend $5,000 on your card per year

You are correct, I forgot about that caveat.

Re: Stripe Corporate Card

#215

Post by Silhouette »

AnssiH wrote: post #206
Silhouette wrote: post #93

Earlier quoted context omitted.

It's not the big businesses I'm worried about. It's all the small ones, who are now obliged to take a hit of potentially 5% or more of a small transaction, because they have neither the power to negotiate the much lower fees that big companies have nor any longer the right to pass on the actual cost to their own customers to incentivize paying by a more cost-effective method.

Out of interest, where in EU are 5%+ rates a thing? Here in Finland the base card-present rates of traditional merchant card service providers are around 0.3% for debit and 1% for credit, with no per-transaction fees so these apply to even small transactions. Hmm, or maybe you were talking about card payments over internet? You might have a point there as per-transaction fees are more common there (e.g. Stripe takes…

Out of interest, where in EU are 5%+ rates a thing?

Hmm, or maybe you were talking about card payments over internet?

Yes, I was. For example, Stripe's current pricing here in the UK is 20p + 1.4% for European cards (so a transaction of around £5 has a 5% fee) or 20p + 2.9% for non-European cards (so a transaction of around £10 has a 5% fee).

Other online card payment services are broadly similar for small businesses paying the standard advertised rates.

Re: Stripe Corporate Card

#216

Post by ceejayoz »

graeme wrote: post #203
ceejayoz wrote: post #152

Earlier quoted context omitted.

Canada has been capping interchange fees. 1.5% in 2015, 1.4% last year. They're the main way the card issuers pay for the rewards, so it makes sense that as they get limited the rewards go away.

Oh. Why do stores still refuse amex then? Are visa and mastercard going below the cap on their high end cards?

The agreement was apparently just with Visa/MasterCard, and Amex works differently there, it seems.

https://www.bloomberg.com/news/articles/2018-08-09/visa-mast...

> Visa Inc. and Mastercard Inc. agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders.

> American Express Co. agreed separately to support “objectives of greater fairness and transparency," the government said. AmEx doesn’t operate on an interchange model for its fees. The New York-based company remains “committed to improving the fairness of the Canadian credit card ecosystem,” company spokesman David Barnes said in an email.

Re: Stripe Corporate Card

#217

Post by gnicholas »

I'd be curious to know if the AWS credits are available to people who have used AWS before, or had AWS credits before. In my experience, once you're a customer, they won't let you use any more credits (regardless of size, or how many/few credits you used the first time around).

Re: Stripe Corporate Card

#218

Post by a13n »

graeme wrote: post #204
willyg123 wrote: post #132

Earlier quoted context omitted.

If you fly, ever, business gold AmEx cannot be beaten. 4x points on the first $150k spent on two categories of your choice. Then, 25% off(!) flights booked with points at AmExTravel.com. I will definitely be getting the Stripe card because the intro offers are so good. But, the airfare discounts alone at AmEx Travel are so good it will continue to be my go-to corporate card.

Does that apply on the corporate version, here? https://www.americanexpress.com/us/credit-cards/business/cor... I'm not super clear on the difference between business cards and corporate cards.

Biz cards are personally guaranteed and corp cards are not.

Re: Stripe Corporate Card

#219

Post by ztratar »

tptacek wrote: post #13
mikedouglas wrote: post #9

Earlier quoted context omitted.

Brex differentiated itself by using your bank history to determine your credit limit, meaning that founders didn't need to personally guarantee their corporate cards early on in a company's life. It seems like Stripe is doing something similar.

But this relies on the startup's Stripe history, right? This is more a benefit for existing Stripe customers than it is a broadside at the entire corporate card industry.

Stripe's Corporate Card can use your history on Stripe and other signals as well!
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