Re: New Square Credit Card

VLPSEP

Just saw this in the Banking section of my dashboard. Has anyone been invited to get the Square Credit Card yet?

https://app.squareup.com/dashboard/credit-card/discover/waitlist

Interesting bit about eligibility, pretty vague description, not too dissimilar to the Square Loans eligibility.

How do I become eligible?

The Square Credit Card currently has limited availability. It is invite-only for Square sellers who meet a number of criteria, including their history with Square. We’ll send you an invitation to apply if you meet the criteria.

How is my credit limit determined?

Your Square sales volume is one of the main factors that determine your credit limit.

TheRealChipA

Hey there @VLPSEP.. I don't have one, but I know a few sellers who have. Most of them, though, were selected to participate in the very limited beta test that occurred over the last year or so which probably just completed. Currently, as I understand it, there is a small number of these cards that have actually been issued.

Given that it is an American Express card, that eligibility statement is not even close to being a surprise. Amex has pretty strict standards and no doubt they have given Square a list of minimum requirements for a card to be offered to them. The only thing you can do, it seems, is join the waitlist and wait for the invitation to come once you qualify. But from what I read here, it seems that membership will be more exclusive than other Square banking products. Again, I'm not surprised.

Chip A.
Square Expert & Innovator and member of the Square Champions group. (But NOT a Square employee, just a seller like you)

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VLPSEP

Thank you, I have only found one other thread pertaining to this card and the answers on eligibility and other factors seem to be all over the place. It does look like you can have both. We just recently got a new loan around 10 days ago and the Credit Card portal showed up 2 days ago, so maybe we’ll be eligible for the credit card soon, as well.