
Berkshire Bank Visa® Business Cash Card
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Purchase APR (Variable APR) |
13.99% - 22.99% (Verified 08/04/2023) |
Balance Transfer APR (Variable APR) |
13.99% - 22.99% (Verified 08/04/2023) |
Annual Fee | $0 |
Credit Score Range | 650 - 850 |
Berkshire Bank Visa® Business Cash Card Review
This is a cashback card issued by Berkshire Bank. If you're wondering whether Berkshire Bank Visa® Business Cash Card is the right card for you, read on.
Key Takeaways
- Business credit card with generous reward rate. You can get a maximum cashback rewards rate of up to 3x.
- 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.
- Signup bonus. Offers a signup bonus of up to $25.
- Competitive APRs. Berkshire Bank Visa® Business Cash Card has a variable purchase APR that ranges from 13.99% up to 22.99%.
- No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
- 3% Balance transfer fee. Berkshire Bank Visa® Business Cash Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
- 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 Berkshire Bank Visa® Business Cash Card
The Good | The Bad |
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What are the relevant APRs?
This business credit card has a variable purchase APR that ranges from 13.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 13.99% up to 22.99%.
It also has a variable cash advance APR of 23.99%. Note that late payments are subject to an APR of 28.99% 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?
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.
Purchase APR | 13.99% - 22.99% |
Balance Transfer APR | 13.99% - 22.99% |
Cash Advance APR | 23.99% |
Penalty APR | 28.99% |
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 $35.
- 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.
Fees | Amount |
---|---|
Annual Fee | $0 |
Foreign Transaction Fee | 3% |
Balance Transfer Fee | 3% |
Minimum Balance Transfer Fee | $5 |
Returned Payment Fee | $35 |
Late Payment Fee | $19 to $39 |
Does it offer a cash back or rewards program?
Yes, Berkshire Bank Visa® Business Cash Card offers a rewards program to its customers. The rewards program allows you to earn 1% 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:
- Internet, Cable and Phone Services
- Every Purchase
- Gas stations
- Groceries
- Restaurants
- Utilities
Does it have a sign up bonus?
Yes, it offers card users a signup bonus worth up to $25.
Does it offer an annual loyalty bonus?
This business card doesn't offer a cash loyalty bonus.
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 (800) 773-5601.
What is the support contact email?
The support contact email for this business credit card is websupport@berkshirebank.com.
Does Berkshire Bank Visa® Business Cash Card report your account activity to credit bureaus?
Yes, Berkshire Bank Visa® Business Cash 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 Berkshire Bank Visa® Business Cash Card website.
- 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.
Message From Berkshire Bank Visa® Business Cash Card
Contact
- Headquarters
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P.O. Box 9201
Old Bethpage, NY 11804 USA - (800) 773-5601
- Visit Site
- Email Support
Other Services by Berkshire Bank
Other Business Credit Cards by Berkshire Bank
Feature Breakdown
Introductory Rate | 0% |
Purchase Intro APR Period (Variable APR) | 6 months |
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Would you recommend Berkshire Bank Visa® Business Cash Card to your friends?
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