Hello Alice and Mastercard have announced that they are launching a new business credit card that will have the ability to earn points when performing business promotional activities through the Hello Alice platform.
Mastercard and Hello Alice Partner on New Small Business Credit Card
As a free platform that already helps more than a million small businesses launch and grow, Hello Alice is looking to expand the reach of its inclusive capital products. The new business credit card will be launched in partnership with Mastercard and First National Bank of Omaha.
New Hello Alice Mastercard for small businesses
The Hello Alice Small Business Mastercard will provide small business owners with industry-leading accessibility to tools and services, including expert business advice and powerful business insights. It will also have cashback, plus a special program that gives cardholders the chance to earn points and earn rewards.
The credit card is offered as a traditional credit card, as well as one with additional provisions to help build credit, to maximize affordability. Business owners with poor credit will be able to access all of the card’s benefits while they work to improve their credit.
Meet the “Needs of Small Business Owners”
Hello Alice co-founders Elizabeth Gore and Carolyn Rodz spoke about the new small business credit card, saying, “We designed the Hello Alice Small Business Mastercard to meet the needs of small business owners where they are, breaking down the longstanding barriers to mentoring, access to credit and overall financial health for those who have traditionally been denied access.
“In economic boom and bust times, access to capital remains the main challenge for all small business owners, and in particular for New Majority owners, which is why we continue to focus our efforts on expanding the capital continuum beyond our existing grant and loan programs.”
Access to capital to grow companies
The new card is part of Hello Alice’s Equitable Access to Capital programme, which aims to ensure that all small business owners can access the capital they need to grow a sustainable business.
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