SVB Innovators Card is a business charge card issued by the Silicon Valley Bank (SVB). It isn’t a regular credit card and has no annual percentage rate (APR) because your balance is due in full each month. It’s a great option for business owners wanting to earn fixed-rate rewards on eligible purchases without paying annual fees and those with SVB business checking accounts or savings accounts.
SVB Innovators Card
BEST FOR:
Those who do not want a personal guarantee
- Unlimited 2x points per dollar on every purchase, with no caps or spending category restrictions
Pros
- Doesn’t charge annual and foreign transaction fees
- No personal liability is required
Cons
- Doesn’t offer 0% introductory APR
- Requires excellent credit
- Needs to pay the balance in full each month
- Doesn’t have sign-up bonus
- No personal liability: You don’t need to be personally liable for your business’s credit card debts because this business charge card doesn’t require a personal guarantee, meaning that SVB won’t go after your personal assets in case you fail to pay off your balance.
- Travel and expense (T&E): You can save time with T&E tools like in-app receipt capture and real-time updates for seamless reporting.
- Unlimited 2x points per dollar on every purchase, with no caps or spending category restrictions
Pros
- Doesn’t charge annual and foreign transaction fees
- No personal liability is required
Cons
- Doesn’t offer 0% introductory APR
- Requires excellent credit
- Needs to pay the balance in full each month
- Doesn’t have sign-up bonus
- No personal liability: You don’t need to be personally liable for your business’s credit card debts because this business charge card doesn’t require a personal guarantee, meaning that SVB won’t go after your personal assets in case you fail to pay off your balance.
- Travel and expense (T&E): You can save time with T&E tools like in-app receipt capture and real-time updates for seamless reporting.
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 | 0 | 20 |
Penalties | 10 | 15 |
Other Fees | 8 | 10 |
Additional Features | 2 | 5 |
Total Score | 70 | 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: You can have your business expenses protected from personal liability because this charge card doesn’t require a personal guarantee. It’s the leading business card with no personal guarantee.
- Those who want to earn fixed-rate rewards: You’ll earn unlimited 2x points per dollar spent on all purchases, regardless of spending categories.
- 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. Learn more about SVB’s business checking account and its unique features.
See our recommended alternatives below if this card doesn’t fit your business needs.
SVB Innovators Card Rewards
- Unlimited 2x points per dollar on every purchase, with no caps or spending category restrictions
SVB Innovators Card 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.
How To Redeem SVB Innovators Card Rewards
Earned rewards can be redeemed as travel and cash back. Note that if you wish to redeem your points as cash back, these will be converted as a statement credit to your account. Login 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: You are not required a personal guarantee, meaning that SVB won’t go after your personal assets in case you fail to pay off your balance.
- Travel and expense (T&E): You can save time with T&E tools, like in-app receipt capture and real-time updates for seamless reporting.
- SVB travel & expense management platform: You can 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: None
- Balance transfer: None
- Foreign transaction: None
- 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
- Information services: None
Your due date will be based on what’s indicated in your Statement, subject to any reasonable cut-off hour SVB will set.
How To Make Payments
- Online: You can 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: You can pay off your balances through the SVB mobile app.
SVB Innovators Card Alternatives
Capital One® Spark® Classic for Business
Capital One Spark 1% Classic
BEST FOR:
Those with fair credit
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No welcome offer
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No welcome offer
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: If your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
- Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
When To Consider Capital One® Spark® Classic for Business
- You have credit scores between 580 and 669: This is the only unsecured business credit card that only requires Fair credit standing, making it easier to build both personal and business credit.
- You want to earn fixed-rate cash back rewards: It lets you earn unlimited 1% cash back on all business purchases with no category restrictions
Other Benefits
- Receive an emergency card replacement and cash advance in the event your card is lost or stolen
- Choose your preferred monthly due date, making it easier to control to pay when you want
- Track employee spending and earn all rewards by issuing employee cards at no additional cost
This card is our best business credit card for Fair Credit and one of our recommended cash back business credit cards due to its ability to earn rewards and choose when to pay your credit card bills. For more options from the same issuing bank, see our list of the best Capital One business credit cards.
Bento for Business Visa® Debit Card
 Bento for Business Visa® Debit CardBEST FOR: Those who need robust spend controls | |
|---|---|
Spending Limit | Load Limit |
|
|
Costs | |
Monthly fees
Additional fees
Further details
| |
When To Consider Bento for Business Visa® Debit Card
- You want to have ATM access: This business prepaid card lets you withdraw up to $500 per day at an ATM, with the account owner only having access to it.
Other Benefits
- Other than the standard monthly fees depending on the number of cards needed, it does not charge any setup, debit, or additional fees
- Allows you to make a maximum card purchase of $25,000 per day
- Lets you deposit via Bento Transfer up to a maximum of $10,000 per day
Its ability to withdraw from any ATM and a high daily purchase are our reasons for including it as our best business credit card with no personal guarantee, our leading business prepaid card, and one of our recommended purchasing cards.
Emburse Spend Card
 Emburse Spend CardBEST FOR: Earning unlimited cash back rewards | |
|---|---|
Spending Limit | Load Limit |
|
|
Costs | |
| |
When To Consider Emburse Spend Card
- You want a business prepaid card that lets you earn rewards: It lets you earn 1% cash back on all eligible purchases.
Other Benefits
- Offers Emburse Spend, a free system that lets you track real-time expenses, categorize vendors, and either approve or deny transactions
- Ability to create data-driven decisions that can help improve their financial health through Emburse Analytics
This card is one of our recommended small business credit cards and one of our preferred business credit cards for consultants because of its ability to let you earn fixed-rate cash back rewards.
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.
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. Since this is a charge card, you will need to pay your full balance every month. Note that other types of cards can help you control your business spending and will help improve your business credit.
