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  Arvest Bank Visa® Purchasing Credit Card

Arvest Bank Visa® Purchasing Credit Card

in Business Credit Cards from Arvest Bank

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Arvest Bank Visa® Purchasing Credit Card

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in Business Credit Cards from Arvest Bank

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Highlights
Purchase APR  (Variable APR) 10.24% - 14.24%
Balance Transfer APR  (Variable APR) 10.24% - 14.24%
Credit Score Range 600 - 850
Annual Fee $0

Arvest Bank Visa® Purchasing Credit Card Review

Key Takeaways
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 6 months , which is shorter than the average 0% APR period of 12 months.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
  • Competitive APRs. Arvest Bank Visa® Purchasing Credit Card has a variable purchase APR that ranges from 10.24% up to 14.24%.
  • No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 0%.
  • 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, identity theft protection, travel accident insurance, and fraud protection.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.
Pros & Cons of Arvest Bank Visa® Purchasing Credit Card
The Good The Bad
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 6 months.
  • No balance transfer fee.
  • 0% APR on new purchases during the first 6 months.
  • No annual fee.
  • Multiple business credit card perks.
  • Offers auto rental collision damage waiver.
  • Identity Theft Protection.
  • Travel accident insurance.
  • Considers applicants with fair or poor credit.
  • Cardholders can earn rewards on purchases everywhere Arvest Bank Visa® Purchasing Credit Card is accepted.
  • Arvest Bank Visa® Purchasing Credit Card reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.
Arvest Bank Visa® Purchasing Credit Card FAQ

Who is Arvest Bank Visa® Purchasing Credit Card designed for?

This is a credit card issued by Arvest Bank. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 600.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 10.24% up to 14.24%. The card has a variable balance transfer APR that ranges from 10.24% up to 14.24%.

It also has a variable cash advance APR that ranges from 10.24% up to 14.24%.

The good news is this business card does not charge a penalty APR if you are late on a payment.

Does it have an introductory APR offer?

Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 6 months from account opening.

This business card does offer an introductory APR rate on new purchases of 0% for a period of 6 months.

Arvest Bank Visa® Purchasing Credit Card Rates & Terms
Purchase APR 10.24% - 14.24%
Balance Transfer APR 10.24% - 14.24%
Cash Advance APR 10.24% - 14.24%
Penalty APR 0%

What fees does it charge?

The following fees apply to this business credit card:

  • There is no annual fee.
  • A late payment penalty of up to $29.
  • A returned payment fee of up to $29.
  • An overlimit fee of $29.

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.

Arvest Bank Visa® Purchasing Credit Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Balance Transfer Fee 0%
Minimum Balance Transfer Fee $0
Returned Payment Fee $29
Late Payment Fee $29

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Every Purchase

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

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
  • Travel Accident Insurance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (479) 575-1099.

What is the support contact email?

The support contact email for this business credit card is interact@arvest.com.

Does Arvest Bank Visa® Purchasing Credit Card report your account activity to credit bureaus?

Yes, Arvest Bank Visa® Purchasing 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 Arvest 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.

Message From Arvest Bank Visa® Purchasing Credit Card

The Arvest Purchasing Card aligns your company’s payment program with your business needs by providing flexibility while maintaining control over employee spending. Each month, employees receive individual statements to review, and your company pays one consolidated invoice. The Arvest Visa® Purchasing Card streamlines the financial management process of your business.

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 6 months
Annual Fee $0
Minimum Interest Charge $0
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) 4%
Cash Advance Fee Minimum $4
Foreign Currency Transaction Fee 1%
Late Fee Amount $29
Minimum Cash Advance Fee ($) $4
Over-Limit Fee $29
Returned Payment Fee $29
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Fraud Liability
  • Travel Accident Insurance
Rewards Categories
  • Every Purchase
Balance Computation Average daily balance (including new purchases).
Cash Advance APR (Variable APR) 10.24% - 14.24%
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) 10.24% - 14.24%
Balance Transfer Fee % 0%
Balance Transfer Fee % After Intro Period 0%
Balance Transfer Fee Minimum $0
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer APR (Variable APR) 10.24% - 14.24%
Card Network Visa
Card Type
  • Rewards
  • Balance Transfer
  • Zero Percent

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