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  BB&T Spectrum Travel Rewards Business Visa

BB&T Spectrum Travel Rewards Business Visa

in Business Credit Cards from BB&T

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BB&T Spectrum Travel 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 $49

BB&T Spectrum Travel Rewards Business Visa Review

Key Takeaways
  • Signup bonus. Offers a signup bonus of $200 if you spend $2000.
  • Signup bonus. Offers a signup bonus of 20000 points after spending $2,000 that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. BB&T Spectrum Travel Rewards Business Visa has a variable purchase APR that ranges from 12.24% up to 21.24%.
  • Annual fee waived the first year. BB&T Spectrum Travel Rewards Business Visa gives you the chance to have the card for a year without paying the $49 annual fee.
  • 4% Balance transfer fee. BB&T Spectrum Travel 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.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of BB&T business credit card
The Good The Bad
  • Lower than average purchase APRs.
  • Annual fee waived during the first year.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere BB&T Spectrum Travel Rewards Business Visa is accepted.
  • BB&T Spectrum Travel Rewards Business Visa reports to multiple credit bureaus.
  • Charges an annual fee of $49
  • Charges a 4% balance transfer fee.
  • Does not include many credit card benefits.
BB&T business credit card FAQ

Who is BB&T business credit card designed for?

What are the relevant APRs?

BB&T business credit card 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:

  • An annual fee of $49.
  • 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 credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

BB&T business credit card Fees
Fees Amount
Annual Fee $49
Foreign Transaction Fee 0%
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. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Airfare
  • Car Rentals
  • Every Purchase
  • Hotels

Does it have a sign up bonus?

Yes, it offers card users a signup bonus worth up to $200 after you spend $2000.

However, it does include a 20000 points signup bonus after you spend $2000 that can be redeemed for travel, gifts, or other perks.

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:

  • Fraud Liability
  • Reports to major credit bureaus

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 Travel Rewards Business Visa report your account activity to credit bureaus?

Yes, BB&T Spectrum Travel 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.
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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 BB&T Spectrum Travel Rewards Business Visa

Earn 2 miles per dollar on your travel purchases and more. Best if you, Travel frequently, Want to earn miles on your travel and other business expenses.

Feature Breakdown

Foreign Currency Transaction Fee 0%
Minimum Interest Charge $0
No Annual Fee First Year
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 25 days
Annual Fee $49
Cash Advance Fee (%) Starting at 4%
Cash Advance Fee Minimum $10
Late Fee Amount Up to $39
Minimum Cash Advance Fee ($) Starting at $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
Credit Card Benefits
  • Fraud Liability
All Other Purchases Earn two miles on air/hotel/car rentals and one mile on all other net qualified purchases
Bonus Rewards Earn 20,000 bonus miles for $2,000 spent in first 90 days ($200 value)
Rewards Rates
  • Airfare
  • Car Rentals
  • Hotels
  • Every Purchase
Signup Bonus Starting at $200
Signup Bonus (points) 20,000
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 APR (Variable APR) 12.24% - 21.24%
Card Network Visa
Card Type
  • Rewards
  • Balance Transfer
  • Travel
  • Bonus Offers
  • Charge Card

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