SuperMoney
  Banco Santander Puerto Rico Business Visa Credit Card

Banco Santander Puerto Rico Business Visa Credit Card

in Business Credit Cards from Banco Santander

Unaffiliated

Banco Santander Puerto Rico Business Visa Credit Card

Unaffiliated

in Business Credit Cards from Banco Santander

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Banco Santander Puerto Rico Business Visa Credit Card to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Purchase APR  (Variable APR) 16.95
Balance Transfer APR  (Variable APR) 16.95
Credit Score Range 600 - 850
Annual Fee $60

Banco Santander Puerto Rico Business Visa Credit Card Review

Key Takeaways
  • Competitive APRs. Banco Santander Puerto Rico Business Visa Credit Card has a variable purchase APR of 16.95%
  • 2% Balance transfer fee. Banco Santander Puerto Rico Business Visa Credit Card charges a fee of 2% on balance transfers. For example, a balance of $1,000 could cost $20 in transfer fees. The minimum fee is $2.
  • 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.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.
Pros & Cons of Banco Santander Puerto Rico Business Visa Credit Card
The Good The Bad
  • Offers auto rental collision damage waiver.
  • Travel assistance insurance
  • Considers applicants with fair or poor credit.
  • Banco Santander Puerto Rico Business Visa Credit Card reports to multiple credit bureaus.
  • Charges an annual fee of $60
  • 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.
  • Charges a 2% balance transfer fee.
Banco Santander Puerto Rico Business Visa Credit Card FAQ

Who is Banco Santander Puerto Rico Business Visa Credit Card designed for?

This is a credit card issued by Banco Santander. 

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 of 16.95%. The card has a variable balance transfer APR of 16.95% .

It also has a variable cash advance APR of 16.95%. Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

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.

Banco Santander Puerto Rico Business Visa Credit Card Rates & Terms
Purchase APR 16.95%
Balance Transfer APR 16.95%
Cash Advance APR 16.95%
Penalty APR 29.99%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $60.
  • A late payment penalty of up to $25.

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.

Banco Santander Puerto Rico Business Visa Credit Card Fees
Fees Amount
Annual Fee $60
Foreign Transaction Fee 1%
Balance Transfer Fee 2%
Minimum Balance Transfer Fee $2
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
  • Travel Assistance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is customerrelations@santander.us.

Does Banco Santander Puerto Rico Business Visa Credit Card report your account activity to credit bureaus?

Yes, Banco Santander Puerto Rico 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 Banco Santander .
  • 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 Banco Santander Puerto Rico Business Visa Credit Card

Feature Breakdown

No Interest Grace Period for Late Payment 27 days
Annual Fee $60
Cash Advance Fee (%) Starting at 2
Cash Advance Fee Minimum 2
Foreign Currency Transaction Fee 1
Late Fee Amount Up to 25
Minimum Cash Advance Fee ($) 2 - 10
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Travel Assistance
Rewards Type No Rewards
Cash Advance APR (Variable APR) 16.95
Penalty APR (Variable APR) 29.99
Purchase APR (Variable APR) 16.95
Balance Transfer Fee % 2
Balance Transfer Fee Minimum 2
Balance Transfer APR (Variable APR) 16.95
Card Network Visa
Card Type
  • Low Interest

Be the first to rate

 

Would you recommend Banco Santander Puerto Rico Business Visa Credit Card to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Business Credit Cards