Application Questions
Q: What are the requirements for getting a Business-Building Card?
The Business-Building Card is perfect for businesses that earn between $50,000 and $1 million in annual revenue and are registered as an LLC or corporation in one of the 50 US states.
Q: What is the Annual Percentage Rate (APR) for the Business-Building Card?
The Business-Building Card has a 0% APR as customers are required to pay their balance in full each month. Customers are subject to a late payment fee of $39 if they do not pay their balance in full.
Q: Can I apply for multiple businesses?
Yes, as long as each business has a unique EIN.
Q: How soon can I start using my card after my account is approved?
As soon as you receive and activate your physical card, you’ll be able to use it.
Q: Who at a company can apply for the Business-Building Card?
To apply you need to be over 18, have a US ID/SSN, valid mailing address (no PO Boxes), and phone number.
Only the business owner can sign up for the Business-Building Card. At this time we’re focused on single-member LLCs and corporations.
Q: Are there certain industries that don't qualify for a Business-Building Card?
Yes, please see our Prohibited and Restricted businesses list.
Q: How can I edit my application?
Contact our support team at support@getfundid.com.
Q: What are the business address requirements to qualify for a Business-Building Card?
To open a Business-Building Card you must have a physical address where you can receive mail. PO Boxes are not accepted.
Q: How can I withdraw my application?
Contact our support team at support@getfundid.com.
Q: Why do I need to provide my social security number of my Business-Building Card application?
To help the government fight the funding of terrorism and money laundering activities, US Federal law requires all financial institutions to obtain, verify, and record information that identifies each applicant identified as a “customer”, who opens an account.
When opening an account for a legal entity, we will ask for the entity’s name, address, employer identification number, affiliations and ownership. We may ask to see certified articles of incorporation or other identifying documents on the entity.
Cardholder Questions
Q: How long should I expect before I receive my Business-Building Card?
Immediately upon approval, you will receive a virtual card that you can use to spend. Currently, Fundid is affected by delays in the card printing industry.
As soon as physical cards become widely available, we will notify users via email.
Q: Does Fundid allow ATM withdrawals?
At this time, Fundid does not support ATM withdrawals.
Q: Can I use my Business-Building Card for personal transactions or just for my business?
Per the Terms of Service, agreed to when you accepted your card, your Fundid Business-Building Card is only for transactions related to your business and cannot be used for personal transactions.
Q: Can I add my card to the Apple Wallet of Google Pay?
No, at this time, the Business-Building Card is not compatible with Apple Wallet or Google Pay, or other digital wallets.
Q: Why did my card activation fail?
There are several reasons why this could have happened. Please try again, and if you are still experiencing issues, please reach out to us at support@getfundid.com.
Q: Can my employee use my card?
No, only the person whose name is on the card is authorized to use it. Please refer to our Terms of Service for more information.
Q: Can I add an authorized user to my card?
At this time, you can only have one authorized user on your Business-Building Card.
Q: How can I make payments?
With the Fundid Business-Building Card, you're automatically enrolled in autopay. Customers are required to pay their balance in full each month. Customers are subject to a late payment fee of $39 if they do not pay their balance in full.
Q: What are pending charges?
Pending charges are charges that have yet to be fully processed. If you see pending charges in your account, it implies that you have made a purchase successfully, and the charge will have affected your available credit. For charges to be fully settled can take between 1-3 days.
Q: How do I know the amount of my line of credit?
If your application is approved, we will disclose your line of credit in your approval email, card welcome packet, and on our platform.
Q: What happens if I go over my card limit?
Fundid does not charge over-the-limit fees, however, you will be charged a late fee of $39, and you may be unable to make new purchases until a successful payment is made.
Q: How do I request a credit line increase?
On a quarterly basis, by contacting support at support@getfundid.com.
Q: Can I use my card on international purchases?
No, not at this time.
Q: When will I be charged my annual fee?
Your $100 annual fee will be charged on your first billing statement.
