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SVB Innovators Card, a business charge card issued by the Silicon Valley Bank (SVB), lets you earn rewards with no caps, which you can redeem for travel, office needs, and more. It is a scalable business card that helps drive your business’s growth with higher credit limits compared to most other regular business credit cards. Plus, it does not require personal liability and offers robust spend controls. Note that you need to pay your entire balance every due date.
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| Intro APR | N/A |
|---|---|
| Regular APR | N/A |
| Annual Fee | None |
| Credit Needed | Excellent |
When grading pay-in-full business credit cards like the SVB Innovators Card, we evaluate the annual fee first. Then, we look at the card’s rewards, additional features, penalties, and other fees.
| Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
| Annual Fee | 30 | 30 |
| Ongoing Rewards | 20 | 20 |
| Introductory Rewards | 20 | 20 |
| Penalties | 10 | 15 |
| Other Fees | 8 | 10 |
| Additional Features | 2 | 5 |
| Total Score | 90 | 100 |
Who the SVB Innovators Card Is Best For
- Those who can pay in full every month: With this card, your balance is due in full every month. It’s designed for startups needing flexible credit lines that scale with their business’s growth.
- Those who don’t want to provide a personal guarantee: This charge card doesn’t require a personal guarantee, which means your personal assets are protected in case your company fails to pay your business’s debts.
- Those with existing SVB business checking accounts: If you have existing business savings or checking accounts with SVB, then getting this card will enable you to manage all of your financials within one bank.
See our recommended alternatives below if this card doesn’t fit your business needs.
SVB Innovators Card Rewards
- 3x points on up to $1 million worth of purchases for the first six months (up to 3,000,000 rewards points) as a welcome offerYou need to enroll for the program first, and the process can take up to 10 business days. You will not earn any additional bonus points until the enrollment process has been completed.
- Unlimited 2x points per dollar on every purchase, with no caps or spending category restrictions
Rewards Calculator
Find out how much you can earn from the SVB Innovators Card based on your estimated monthly expenses. Use our rewards calculator to compute your potential rewards—enter your expected monthly spending, and our calculator will do the rest.
SVB Innovators Card Calculator
Your potential annual reward earnings are:
How To Redeem Rewards
Earned rewards can be redeemed as a statement credit, or for gift cards or travel. To redeem rewards, log in to the rewards site online or through SVB Go, or call SVB Card Services at (866) 553-3481. Note that points earned through this card have no cash value and will not be paid cash for any lost, forfeited, or unused points.
SVB Innovators Card Features
- No personal liability: Protect your personal assets in case your company fails to pay its debts as SVB will not require you to provide a personal guarantee.
- Travel and expense (T&E): Save time with T&E tools, like in-app receipt capture and real-time updates for seamless reporting.
- SVB travel & expense management platform: Control card expenses, manage travel booking, and have a fast T&E reconciliation through SVB’s Travel & Expense Management Platform.
SVB Innovator Card Fees
APRs
There is no APR for the SVB Innovators Card, given that it requires cardholders to pay balances in full each month. Note that charge cards aren’t allowed to carry a balance from one billing period to the next and that if you fail to pay either the balance or a portion of it, the late payment fee will apply.
Fees
- Annual, balance transfer, and foreign transaction: $0
- Cash advance: 3% of the amount of each cash advance, but not less than $3 or more than $50
- Late payment: Greater of either $32 or 2.5% of the Statement Balance if unpaid for one more billing cycle
- Return payment: $29
Your due date will be based on what’s indicated in your billing statement, subject to any reasonable cut-off hour SVB will set.
- Online: Set up automatic payments, allowing the issuer to debit your designated deposit account automatically for the balance due on or before the due date. Also, you can pay off your balances via online banking.
- SVB mobile app: Use the mobile app to pay your balances.
SVB Innovators Card Alternatives
Emburse Spend Card
 Emburse Spend CardBEST FOR: Earning unlimited cash back rewards | |
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| Spending Limit | Load Limit |
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| Costs | |
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| Read our review of the Emburse Spend Card | Apply Now |
Emburse Spend Card is a business prepaid card that lets you earn unlimited 1% cash back on all purchases. It doesn’t perform a personal credit check and doesn’t require a personal guarantee. However, you need to fund your account first before you can use the card. This is ideal for those who have sufficient cash flow to use as working capital. Note that since this card does not incur debts, it cannot help you build business credit.
The American Express Blue Business Cash™ Card
| Intro APR | 0% on purchases |
|---|---|
| Regular APR | 16.74% - 28.49% Variable |
| Annual Fee | No annual fee |
| Credit Needed | Excellent, Good |
The American Express Blue Business Cash™ Card is a great option if you want to receive automatic cash back without the need for manual redemption. It also allows you to carry your balance to the next billing cycle, subject to APR. It comes with a $0 annual fee, 0% purchase APR for 12 months, and a welcome offer. In addition, its Expanded Buying Power feature lets you spend over your credit limit based on your credit use, credit score, and payment history.
card_name
| Intro APR | intro_apr_rate,intro_apr_duration |
|---|---|
| Regular APR | reg_apr,reg_apr_type |
| Annual Fee | annual_fees |
| Credit Needed | credit_score_needed |
If you travel frequently, you will benefit from the card_name because your rewards points are worth 25% more when redeemed for travel. It offers up to 5% cash back on your purchases for only a $95 annual fee. On top of this, you’ll receive a generous welcome offer and you will likely get a high credit limit.
Frequently Asked Questions (FAQs)
Silicon Valley Bank (SVB) is still open to serving clients and accepting new businesses. SVB was acquired by First Citizens Bank last March 27, 2023, after the collapse of the bank last March 10, 2023. SVB is now operating as a division of First Citizens Bank.
SVB customers will not have access to First Citizens Bank’s products and services, including branches and ATMs.
When will I receive my rewards points?
You will receive your reward points 30 days after the eligible dollar amount has been spent collectively between the cards under your account.
Bottom Line
If you’re a business owner looking for a card that doesn’t require a personal guarantee, the SVB Innovators Card may be suitable. It lets you earn rewards on your purchases and has a $0 annual fee. However, keep in mind that since this is a charge card, you will need to pay your full balance every month.
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers.
To see rates & fees for the American Express cardsFit Small Business may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened. mentioned in this article, reference the following links below:
American Express Blue Business CashTM Card
