Rho Corporate Card

Earning Rates

Key Benefits

All Benefits

• Up to 1.5% unlimited cash back on qualifying U.S. card spend, posted as a credit to the Rho Rewards checking account
• Daily Terms card: cashback posted as a single lump sum on roughly the 6th business day of the following month
• Monthly (Extended) Terms card: cashback auto-deposited to the Rewards Account ~6 business days after full statement repayment
• Cashback excluded on: Walmart and affiliates, utility merchants (per Mastercard MCCs), money-transfer / digital-payment merchants (per MCCs), and non-U.S. transactions
• Mastercard Easy Savings layered on top: automatic additional cash back at participating merchants
• $0 annual fee, $0 per-card fee, $0 subscription fee, $0 platform fee
• Late fee of 3% on delinquent balances (up to six months, where state law permits); no APR / revolving interest because it is a charge card
• Issued by Webster Bank, N.A. (Member FDIC) on the Mastercard network; virtual and physical cards
• Eligibility: U.S.-formed C-corp, S-corp, LLC, or LP required — sole proprietorships and unincorporated businesses are not eligible; no minimum revenue, but revenue and cash balances drive underwriting
• Daily Terms (default): repayments auto-debited from the Rho checking account just after midnight EST each day; Monthly Terms available upon request and underwriting
• No personal guarantee and no founder personal credit pull — underwriting is entirely on the business
• Treasury integration: business checking, yield-bearing treasury for idle cash, AP / bill-pay automation, and corporate spend policies in one console
• Real-time spend controls: per-card daily / weekly / monthly / annual limits, MCC restrictions, instant freeze, threshold notifications
• Vendor Cards: unique virtual card per SaaS vendor with one-click cancellation
• Automatic receipt capture and GL coding; sync to QuickBooks, NetSuite, Xero, and Sage Intacct
• Approval-gated in practice: target audience is funded startups and scale-ups; applicants without an incorporated U.S. entity and a fundable cash position are typically declined
• Not Offered: no airline or hotel transfer partners, no lounge access, no annual travel credits, no Global Entry / PreCheck credit, no trip insurance, no cell phone protection, no signup or referral bonus, no rewards on foreign transactions