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  BB&T Spectrum Cash Rewards Business Visa

BB&T Spectrum Cash Rewards Business Visa

in Business Credit Cards from BB&T

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BB&T Spectrum Cash Rewards Business Visa

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in Business Credit Cards from BB&T

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Highlights
Purchase APR  (Variable APR) 12.24% - 21.24%
Balance Transfer APR  (Variable APR) 12.24% - 21.24%
Credit Score Range 650 - 850
Annual Fee $0

BB&T Spectrum Cash Rewards Business Visa Review

Key Takeaways
  • Business credit card with generous reward rate. You will get a cashback rewards rate of up to 3%.
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 9 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 9 months.
  • Competitive APRs. BB&T Spectrum Cash Rewards Business Visa has a variable purchase APR that ranges from 12.24% up to 21.24%.
  • No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your purchases, but you don't have to pay an annual fee for the privilege.
  • 4% Balance transfer fee. BB&T Spectrum Cash Rewards Business Visa charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $10.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% 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 650.
Pros & Cons of BB&T business Spectrum Cash Rewards
The Good The Bad
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 9 months.
  • 0% APR on new purchases during the first 9 months.
  • No annual fee.
  • Cardholders can earn rewards on purchases everywhere BB&T Spectrum Cash Rewards Business Visa is accepted.
  • BB&T Spectrum Cash Rewards Business Visa reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 3%.
  • Charges a 4% balance transfer fee.
  • Does not include many credit card benefits.
BB&T business Spectrum Cash Rewards FAQ

Who is BB&T business Spectrum Cash Rewards designed for?

What are the relevant APRs?

BB&T business Spectrum Cash Rewards is a charge card and therefore doesn't have interest charges. You must pay your balance in full every month.

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 $39.
  • A returned payment fee of up to $39.
  • An overlimit fee of $39.

Does it charge a foreign transaction fee?

This business card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. 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.

BB&T business Spectrum Cash Rewards Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 3%
Balance Transfer Fee 4%
Minimum Balance Transfer Fee $10
Returned Payment Fee $39
Late Payment Fee up to $39

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Every Purchase
  • Gas stations
  • Office Supply Stores
  • Restaurants

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 is the customer service phone number?

The customer service number for this business card is (336) 733-3300.

What is the support contact email?

The support contact email for this business credit card is ClientResolution@Truist.com.

Does BB&T Spectrum Cash Rewards Business Visa report your account activity to credit bureaus?

Yes, BB&T Spectrum Cash Rewards Business Visa 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 BB&T .
  • 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 BB&T Spectrum Cash Rewards Business Visa

Dollars spent become dollars earned on every business purchase. Best if you, Want to earn cash back on your business purchases. Use your card regularly to pay for gas, meals, office supplies or other business expenses.

Feature Breakdown

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 9 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 $10
Foreign Currency Transaction Fee 3%
Late Fee Amount Up to $39
Minimum Cash Advance Fee ($) $10
Over-Limit Fee $39
Returned Payment Fee $39
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
All Other Purchases Get 3% cash back on gas, 2% cash back at restaurants and office supply stores, and 1% cash back on all other eligible purchases
Bonus Rewards Redeem your rewards into your BB&T business deposit account for an additional 10% bonus
Rewards Rates
  • Gas
  • Office Supplies
  • Restaurants
  • Every Purchase
Balance Computation Average Daily Balance (including new purchases)
Cash Advance APR (Variable APR) 24.24%
Penalty APR (Variable APR) 25.15%
Purchase APR (Variable APR) 12.24% - 21.24%
Balance Transfer Fee % 4
Balance Transfer Fee % After Intro Period Starting at 4
Balance Transfer Fee Minimum 10
Balance Transfer Intro APR Period (Variable APR) 9 months
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer APR (Variable APR) 12.24% - 21.24%
Card Network Visa
Card Type
  • Rewards
  • Balance Transfer
  • Cashback
  • Gas
  • Bonus Offers
  • Charge Card

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