Having smooth cash flow is important. As your business matures, you may find yourself looking for a credit line to maximize your working capital for expected (and unexpected) expenses.
You need a solution built for the reality of an entrepreneur: rewards that help you do more with your money, flexible payment terms, and no annual fees.
That’s why we built Shopify Credit, a pay-in-full business card that extends a credit line to eligible merchants. It has no credit checks and gives you cashback rewards on key spending categories.
What is Shopify Credit?
Shopify Credit is the latest product offering in Shopify’s suite of financial solutions. It’s a pay-in-full business card, with cashback rewards designed specifically for entrepreneurs.
Eligible merchants can apply with no impact to their credit score, use their Shopify Credit card to pay wherever Visa® is accepted, and accrue cashback rewards that are automatically applied to their account as a statement credit each month. You get all the perks you want in a business card, and pay no annual fees.
What are the benefits of Shopify Credit?
Shopify powers millions of businesses worldwide. In fact, our mission is to make commerce better for everyone. That means breaking down traditional barriers like access to funding and providing financial solutions that are built for your reality and help you run your business more effectively.
Shopify Credit is an extension of our mission. It is a pay-in-full business card with no annual fees that gives merchants a credit line based on their sales—not their credit score. Your credit limit is designed to help support your working capital needs, with payments that are manageable for your business. Your business’ performance will be periodically reviewed to assess qualification for a credit line increase. If eligible, you have the option to accept the increase at your discretion.
Merchants can use their Shopify Credit card to pay for business expenses and smoothen their cash flow. Eligible purchases you make with your Shopify Credit card help you accumulate cashback rewards that are applied automatically to your next monthly statement.
Get up to 3% cashback rewards designed for entrepreneurs
Get up to 3% cashback on eligible purchases from your top spend category each month and 1% on the other two—wholesale, marketing, and fulfillment.1 Rewards will automatically appear as a statement credit on each monthly statement.
To learn more about Rewards Program Terms and categories, visit the Help Center.
Pay over time when you want to
Shopify Credit offers 2 convenient payment options to choose from to help you maximize your cash flow and adapt to your business needs from month to month. You can pay your full balance within 1 month to avoid fees, or take up to 10 months to pay from sales for a fee.2
To learn more about payment options, visit the Help Center.
No annual fees
With Shopify Credit, you get all the perks and no annual fees. Plus, no setup fees, no foreign transaction fees, no lost, stolen, or card replacement fees, and no fees for additional cards for members of your team.
No personal credit checks or guarantors
You can apply for a Shopify Credit card and get a decision in minutes. Shopify Credit doesn’t run credit checks or require guarantors to get you set up.3
All eligible merchants will see their pre-qualified credit limit based on their business performance in their Shopify admin before signing up.
With Shopify Credit, underwriting has two stages. In the first stage, Shopify’s underwriting model identifies your business as eligible to pre-qualify for Shopify Credit. This model harnesses both traditional and nontraditional techniques to determine your eligibility in real-time. Once you apply and undergo identity verification screening, the Shopify team reviews your business’ application and confirms your eligibility.
Free cards for every member of your team
When you sign up for Shopify Credit, you can give staff their own cards for free and set spend limits to better manage your business spending. Plus, eligible purchases your staff make earn cashback rewards, so you can put the money your entire team spends on your business to work.
Shopify Credit also comes with Visa® Zero Liability, which gives you protection in the event your card is lost, stolen or fraudulently used, online or offline.
Enjoy Visa® perks
When you cover business expenses with Shopify Credit, you can also take advantage of all the Visa® perks you love and expect, like extended purchase protection, travel and emergency assistance, auto collision and damage waiver, and more.
Learn more about Visa® perks that come with Shopify Credit here.
How to apply for Shopify Credit
Shopify Credit is open to select pre-qualified Shopify merchants in the US. Most pre-qualified merchants will receive a decision in just a few minutes.
If approved, you get instant access to your credit line and can use the virtual card that’s issued to you right away. You can also request a physical card for in-person business purchases. Your card will be sent via mail and arrive within 5-7 business days.
To find out if you’re eligible to apply for Shopify Credit, log in to your Shopify admin. To learn more about eligibility requirements, visit the Help Center.
How Shopify Credit works
We made using Shopify Credit straightforward so you can get the most out of your money and run your business with confidence.
Pay for business expenses with your Shopify Credit pay-in-full business card
We ran the numbers, and Shopify entrepreneurs spend the most on wholesale and inventory, marketing and advertising, and shipping and fulfillment.
Next time these expenses come up, try paying for them with your Shopify Credit pay-in-full business card. This liberates cash flow for other things while giving you more time to pay for those expenses.
💡 TIP:To rack up rewards even faster, set Shopify Credit as your default payment method on Shopify and everywhere else you spend on your business where Visa® is accepted.
Make flexible payments
Choose how to pay your statement balance based on your business needs. You can avoid fees by paying your full statement balance within 1 month or pay over time from a percentage of daily sales for a fee.2
If you have an unpaid balance at the end of the first month, you’ll be charged a statement fee and we’ll automatically debit a percentage of your daily sales until your balance is repaid in full. Automatic payments are only taken on days with sales. You’ll pay more on days when sales are high and less when they aren’t. You must pay your full statement balance within 10 months or a 2% monthly late fee will apply to your past-due balance. Learn more about payments.
💡 TIP: You can make manual payments at any time, and you’ll receive a discount on your statement fee if your balance is paid in full in under 10 months.
Earn cashback rewards
With Shopify Credit, you get up to 3% cashback on eligible purchases in your highest monthly spending category between wholesale and inventory, marketing and advertising, and shipping and fulfillment. You’ll earn 1% cashback for eligible purchases in the other two categories.1
Rewards will automatically apply to your account as a statement credit each month. We do the math so you don’t have to, but if you want to see your accrued cashback for the month, you can get a breakdown in your Shopify admin.
Tips to make the most of your Shopify Credit pay-in-full business card
Now that you’re familiar with Shopify Credit and how it works, here are a few tips to making the most of it:
- Pay your Shopify Bill: Your business is already on Shopify, now’s your chance to earn rewards for it. Set your Shopify Credit card as your default payment method on Shopify and automatically earn rewards on eligible purchases—like your eligible spend on wholesale and inventory, marketing and advertising, and shipping and fulfillment.
- Purchase new inventory: You’re already spending to restock and refresh your inventory. Use Your Shopify Credit card and earn cashback when you purchase from vendors and suppliers through Faire, with more options coming soon.
- Pay for marketing expenses: Advertise on Google, Meta, TikTok, Pinterest, with Shopify Email, and more, and get rewarded for it.
- Cover shipping and fulfillment costs: Save on Shopify Shipping, the Shopify Fulfillment Network, Flexport, USPS, UPS, Stamps.com, and more when you use your Shopify Credit card.
- Add your virtual card to your mobile wallet: Add Shopify Credit to your mobile wallet and make easy, contactless payments on the go.
Apply for your Shopify Credit pay-in-full business card today
For growing businesses that are laser-focused on smoothing cash flow, business cards are a great tool to help purchase stock, invest in marketing, or cover shipping and fulfillment costs.
That’s where Shopify Credit comes in. With it, merchants get a credit line they can use to spend, repay, and spend again up to their credit limit. You get extra time to repay if you need it because we know running a business is hard enough as it is.
Ready to start getting rewarded for business expenses you make anyways? Check your eligibility for Shopify Credit today and see if you’re approved in minutes with no impact to your credit score.3
1 “Cashback” refers to rewards earned as a percentage discount on eligible purchases. Earn 3% cashback as a statement credit on up to USD$100,000 of annual eligible purchases in your monthly top spend category—either marketing, fulfillment, or wholesale, and 1% cashback thereafter. Earn 1% cashback on the other two spend categories. Restrictions apply. See Reward Program Terms for details.
2 Shopify Credit is a pay-in-full card. By default, you are opted in to paying your full statement balance by an automatic debit from your designated bank account within 1 month to avoid fees. You have the option to switch to making daily payments from your sales and take up to 10 months to pay your full statement balance, for a fee. If payment is not received in full within 10 months, a 2% monthly late fee will apply to your past-due balance.
3 Eligibility is determined by various factors, including business performance, which does not include credit score. Most eligible merchants will receive a decision within minutes, and if approved will receive a virtual card. Find out how to get your physical card.
Shopify Credit Visa® Commercial Credit cards are powered by Stripe and issued by Celtic Bank pursuant to a license from Visa U.S.A. Inc. See Issuing Bank Terms and Shopify Credit Program Terms.
