Stripe Launches Stripe-Issued Credit Card for SMBs With 2% Cashback and Native Payments-Dashboard Integration

Stripe on Tuesday launched a Stripe-issued credit card for small and mid-sized businesses, earning 2% cashback on Stripe-processed volume and 1% on everything else. The card, issued in partnership with Celtic Bank, integrates directly into the Stripe Dashboard and is positioned against Brex and Ramp for the under-50-employee segment.

How the Card Works

The card is a traditional credit product with a 30-day billing cycle, a variable APR tied to the federal funds rate plus 8 percentage points, and a credit limit that is set at three times the business's average monthly Stripe volume (capped at $250,000 per card). The 2% cashback is paid as a statement credit and is independent of any interchange or processing fees, meaning merchants keep their existing Stripe pricing.

「For a small business processing $200,000 a month on Stripe, this card returns $48,000 a year in cash. That is a meaningful number for a segment where most expense cards return nothing,」 said Stripe's head of Issuing, Emily Chiu.

Competitive Landscape

Brex and Ramp have dominated the SMB-card segment for the past five years, and both have been racing to add payments processing to their stack. Stripe's approach is the inverse — start with payments, then add a card — and gives the company a structural advantage in underwriting, since it can see the merchant's full transaction history before setting a credit limit. Early access data suggests Stripe is offering credit limits 1.6x higher, on average, than the equivalent Brex or Ramp product for the same business.

What's Next

The card is in limited availability today and will roll out to all US-based Stripe merchants in September. International expansion — to the UK, EU, and Canada — is planned for Q1 2027. Stripe has not disclosed a target for card issuance in 2026, but internal documents reviewed by The Information suggest a goal of 200,000 cards in market by year-end.