At Benefit.X, we recognize the pain points small businesses suffer from when it comes to obtaining a credit line for their company. As such, we have created a card tailored for SMEs that simplifies loan underwriting procedures and boasts an incredibly easy application process.
Other Benefits that accompany the Benefit.X Card include:
- Up to 4X your deposit as your credit limit
- A Virtual and Physical Card option
- A FREE Human Resource Management System (HRMS)
Dive into the details of each feature by reading our previous blog post HERE
Check out our website HERE
Today, we’re here to highlight a new feature that we have added to our bag of tricks. All Benefit.X Card users can now use their credit cards to make deposits into their Benefit.X accounts.
Deposits? Say what now?
If you’re not an existing customer, we understand your confusion. Let us give you a brief explanation.
When a user receives their Benefit.X Virtual/ Physical Card, they need to make a minimum deposit of $500 into their Benefit.X account before their card can be used. This is because the credit limit on the card is derived by multiplying the deposit placed and the credit score of the cardholder (credit score issued by us).
Previously, users could only make deposits using either PayNow or Bank Transfer. Our new Credit Card top-up method unlocks a brand-new opportunity for you to collect credit card rewards while spending money on your business. When you charge the Benefit.X deposit on your credit card, you can earn the following rewards depending on your respective card providers:
What makes this feature even better is that the convenience fee of using your card to make the deposit is only 1% of the amount you deposited! That’s a negligible fee considering the potential goodies you’ll be reaping if we do say so ourselves.
See, who says investing in your business has to be about losing money in the early stages, you could also be gaining resources simultaneously if you play your cards right *wink wink*.
*Do note that a Benefit.X Card cannot be used to make a deposit into the Benefit.X account.
So how does it work?
Step 1: Select “Credit Card” as your deposit method in the Benefit.X App
Step 2: Enter your Credit Card details
Step 3: Select the Credit Card you want and make the deposit!
3 steps later, you have your credit card set up and ready to reward you for your business scaling ventures!
Since we’re on the topic of deposits, we would also like to give a quick shout out to our other 2 deposit methods that are just as simple as the aforementioned.
If you would like to make deposits using our PayNow or Bank Transfer methods, simply choose either of those options from the deposit menu and follow the on-screen instructions. All 3 deposit methods will probably take you less time than it took for you to read this blogpost to complete.
To summarise, we’d just like to share this exciting opportunity of being able to reap instant benefits while spending on business needs with all our fellow small business owners out there! If you’re already spending your funds anyways, why not make it work for you in more ways than one?
If you’ve made it this far and are not an existing Benefit.X customer, thank you very much for your interest. Should you be interested in signing up for a Benefit.X Card, please find the summarized eligibility criteria below:
If the above conditions fit your business, we would love for you to give us a try and allow us to support your business scaling needs. Our card application process consists of 5 easy steps!
- Register a Benefit.X account
- Download the Benefit.X App
- Complete your KYC
- Wait for your Credit Score
- Get your Benefit.X Card
Sign up here: https://bit.ly/bxbgsinp