Who is Business Edge Cash Rewards Card Designed For?
Business Edge Cash Rewards Card is designed for business owners with good to excellent credit who want to earn cash back rewards on their business expenses without paying an annual fee or outrageous interest rates. It is a particularly attractive card for business that spend a lot on phones, gas and office supplies. Its 0% APR intro rate on new purchases also make it a good deal for business owners planning to make large purchases.
What are the Interest Rates for Business Edge Cash Rewards Card?
- Business Edge Cash Rewards Card' interest rates range from 11.99% to 17.99% APR on balance transfers and new purchases depending on the credit history of cardholders. These are low rates for a cash back rewards card with no annual fee. There is also a 9-month 0% APR introductory rate on new purchases, which offers cardholders interest-free access to a business loan. Cash advances have a 23.99% APR and there is a 28.99% penalty rate on new transactions when cardholders are late on their payments.
What Are the Fees for Business Edge Cash Rewards Card Credit Card?
- The Business Edge Cash Rewards Card doesn't have an annual fee. However, it does have a 3% fee on foreign transactions and balance transfers ($5 minimum on balance transfers). It also charges 3% to 4% fee on cash advances, depending on the withdrawal method used. Late payments incur a penalty fee of up to $39 fee, returned payments trigger a $35 fee, and exceeding the accounts credit limit comes with a $39 fee.
What Is Business Edge Cash Rewards Card's Rewards Program Like?
Business Edge Cash Rewards Card cardholders earn 3% cash back on cellular, gas and office supply store purchases. All other purchases earn a 1% cash back rate. Cardholders receive an additional 25% annual bonus based on their prior year's cash rewards. For instance, if a business owner spends $30,000 in gas, she will earn $900 in cash back plus an extra $225 annual bonus.
What about Business Edge Cash Rewards Card's Signup Bonus?
Business Edge Cash Rewards Card does not offer a signup bonus at this time.
Does Business Edge Cash Rewards Card Have Any Other Benefits?
Business Edge Cash Rewards Card doesn't have any of the shopping and travel benefits offered by prime travel and cash back cards. There is no purchase protection, travel insurance or complimentary car rental insurance. It does offer free employee cards, which helps earn cash back points faster, and has a zero fraud liability service included with the card.
How Is Business Edge Cash Rewards Card Better Than Other Credit Cards?
The Business Edge Cash Rewards Card offers a high cash back rate on everyday purchases for a business, such as phones, gas and office supplies. Although the benefits and perks it includes are underwhelming, the $0 annual fee and competitive interest rates make this card a catch for business owners looking for a simple no-nonsense cash back card that rewards them on the products and services they buy the most.
On the other hand, its 3% fee on foreign transactions and high penalty rates may put off regular travelers and business with cash flow issues.