With the Spoon Business Card, you can
Say goodbye to the tedium of tracking and analysing your spending history.
Be it acquiring assets or paying your vendors - do it smart with our business credit card. What’s more - get Spoon Business Cards for multiple members of your team, and make a one-time payment for all the cards at the end of the month!
Spend big, earn bigger - Get assured offers or rewards on all your purchases. Convert your rewards into cash back and budget it on your succeeding month’s business expenditure.
Simply speaking, a debit card allows you to draw on the funds you’ve already deposited in your account, while a credit card allows you to borrow money up to a pre-set limit be it for withdrawals or expenditures.
A secured credit card is backed by a deposit that is used as collateral. Your credit limit will be determined as a percentage of your deposit, else, will function just as a normal credit card does.
A secured card is meant for those who are looking to improve or build up their credit score from scratch. Making payments on time, maintaining sufficient balance and avoiding overspending can all contribute to your creditworthiness, thus allowing you to apply for a regular credit card or loans in the future.
Nope, Spoon First will not deny you a credit card irrespective of whether or not you have a credit score. However, if you happen to have a pattern of late payments, a bankruptcy record, or other suspicious activities, your card could be rejected/cancelled.