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  1st Summit Bank Business VISA® Credit Card

1st Summit Bank Business VISA® Credit Card

in Business Credit Cards from 1st Summit Bank

Unaffiliated

1st Summit Bank Business VISA® Credit Card

Unaffiliated

in Business Credit Cards from 1st Summit Bank

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Highlights
Purchase APR  (Variable APR) 9.5%
Balance Transfer APR  (Variable APR) 9.5%
Credit Score Range 700 - 850
Annual Fee $15

1st Summit Bank Business VISA® Credit Card Review

Key Takeaways
  • Competitive APRs. 1st Summit Bank Business VISA® Credit Card has a variable purchase APR of 9.5%
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
  • Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, price protection, purchase protection, travel accident insurance, travel assistance, and fraud protection.
  • Good or better credit required. You will have low approval odds if your credit score is below 700.
Pros & Cons of 1st Summit Bank business credit card
The Good The Bad
  • Lower than average purchase APRs.
  • Multiple business credit card perks.
  • Offers auto rental collision damage waiver.
  • Travel accident and travel assistance insurance.
  • 1st Summit Bank Business VISA® Credit Card reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • Charges an annual fee of $15
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
1st Summit Bank business credit card FAQ

Who is 1st Summit Bank business credit card designed for?

This is a credit card issued by 1st Summit Bank. 

This business card is designed for small business owners with good credit. The minimum credit score to apply is 700.

What are the relevant APRs?

This business credit card has a variable purchase APR of 9.5%. The card has a variable balance transfer APR of 9.5% .

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business credit card does not offer an introductory rate on new purchases.

1st Summit Bank business credit card Rates & Terms
Purchase APR 9.5%
Balance Transfer APR 9.5%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $15.
  • A late payment penalty of up to $25.
  • An overlimit fee of $10.

Does it charge a foreign transaction fee?

This business card charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this business card at home and apply for one that doesn't charge a foreign transaction fee.

1st Summit Bank business credit card Fees
Fees Amount
Annual Fee $15
Foreign Transaction Fee 1%
Late Payment Fee up to $25

Does it offer a cash back rewards program?

No, it does not offer a cash back rewards program.

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Fraud Liability
  • Price Protection
  • Travel Accident Insurance
  • Travel Assistance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (888) 262-4010.

What is the support contact email?

The support contact email for this business credit card is info@1stsummit.bank.

Does 1st Summit Bank Business VISA® Credit Card report your account activity to credit bureaus?

Yes, 1st Summit Bank Business VISA® Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

  • Visit the 1st Summit Bank .
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 12:00pm

Other Services by 1st Summit Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

No Interest Grace Period for Late Payment 25 days
Annual Fee $15
Cash Advance Fee Minimum $2
Foreign Currency Transaction Fee 1%
Late Fee Amount Up to $25
Over-Limit Fee $10
Customer Type Business
Minimum Age 18
Credit Score Range 700 - 850
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Fraud Liability
  • Price Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
Balance Computation average daily balance (including new purchases)
Purchase APR (Variable APR) 9.5%
Balance Transfer APR (Variable APR) 9.5%
Card Network Visa
Card Type
  • Low Interest

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