Frequently Asked Questions

Is the Toolbox Card a Credit Card?

No, the Toolbox card is a charge card, which means it needs to be paid back in full every period.

What type of card is it?

The Toolbox card is a Visa Commercial Credit Card issued by Celtic Bank, a Utah-chartered Industrial Bank (Member FDIC). It is accepted anywhere Visa Credit cards are accepted.

Is Toolbox a bank?

No, Toolbox is neither a bank, nor a lender. The Toolbox cards are issued by Celtic Bank, a Utah-chartered Industrial Bank (Member FDIC).

Why is there another application form after the initial info I already filled out?

To finish the application, we'll need some sensitive information about your business, like the company EIN, and we'll also need some information on the company owners and officers. We'll run a credit check on the business, but not on the owners and officers. We keep this information on a separate, secure form to make sure it's collected properly.

How do you determine the limits on the cards?

We review various sets of data including, but not limited to, credit data from Dun & Bradstreet, your company's Paydex and financial health score, your business account balances, and its revenues. We review this information regularly to make sure we can set the appropriate limit for your business.

Does Toolbox offer cash advances?

We do not offer cash advances at this time. If you are interested in pre-paid invoices for your commercial contracts, contact us at sales@trytoolbox.com.

What can I use the Toolbox card for?

You can use the Toolbox card for any commercial purchases, including the purchase of equipment and job supplies. Toolbox cards cannot be used for personal, household or family use.

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