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  Central Bank Business Mastercard®

Central Bank Business Mastercard®

in Business Credit Cards from Central Bank

Unaffiliated

Central Bank Business Mastercard®

Unaffiliated

in Business Credit Cards from Central Bank

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Highlights
Purchase APR  (Variable APR) 8.9
Balance Transfer APR  (Variable APR) 12.15
Credit Score Range 600 - 850
Annual Fee $0

Central Bank Business Mastercard® Review

Key Takeaways
  • Competitive APRs. Central Bank Business Mastercard® has a variable purchase APR of 8.9%
  • No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • 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.
  • Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, identity theft protection, travel assistance, and fraud protection.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.
Pros & Cons of Central Bank Business Mastercard®
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Multiple business credit card perks.
  • Offers auto rental collision damage waiver.
  • Identity Theft Protection.
  • Travel assistance insurance
  • Considers applicants with fair or poor credit.
  • Cardholders can earn rewards on their purchases.
  • Central Bank Business Mastercard® reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 3%.
  • You don't earn rewards on every purchase.
Central Bank Business Mastercard® FAQ

Who is Central Bank Business Mastercard® designed for?

This is a credit card issued by Central Bank. 

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 8.9%. The card has a variable balance transfer APR of 12.15% .

It also has a variable cash advance APR of 13.9%.

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.

Central Bank Business Mastercard® Rates & Terms
Purchase APR 8.9%
Balance Transfer APR 12.15%
Cash Advance APR 13.9%

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.
  • There is no overlimit fee

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.

Central Bank Business Mastercard® Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 3%
Late Payment Fee $39

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers.

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 are the benefits?

This business credit card provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Fraud Liability
  • Cellular Telephone Protection
  • Travel Assistance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (866) 236-8744.

What is the support contact email?

The support contact email for this business credit card is cbccustomerservice@centralbank.net.

Does Central Bank Business Mastercard® report your account activity to credit bureaus?

Yes, Central Bank Business Mastercard® 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 Central Bank .
  • 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 Central Bank Business Mastercard®

When you can focus on what you enjoy, you get more accomplished. That’s why your Central Bank Business Mastercard® brings you new and updated business solutions to help make your day-to-day more efficient. Now you can conveniently manage multiple cards for your business, customize reports the way you want, and enjoy more flexibility in controlling your business to help your daily operations run more efficiently.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 4:30pm
  • Tuesday 8:30am - 4:30pm
  • Wednesday 8:30am - 4:30pm
  • Thursday 8:30am - 4:30pm
  • Friday 8:30am - 4:30pm
  • Saturday Closed

Other Services by Central Bank

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View all business credit cards offered by Central Bank

Feature Breakdown

Annual Fee $0
No Annual Fee
No Interest Grace Period for Late Payment 15 days
Over-Limit Fee 0
Cash Advance Fee (%) Starting at 4
Cash Advance Fee Minimum 10
Foreign Currency Transaction Fee 3
Late Fee Amount 39
Minimum Cash Advance Fee ($) 10 - 100
Minimum Interest Charge 1.50
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Fraud Liability
  • Cellular Telephone Protection
  • Travel Assistance
Rewards Type Points
Balance Computation Average Daily Balance
Cash Advance APR (Variable APR) 13.9
Purchase APR (Variable APR) 8.9
Balance Transfer APR (Variable APR) 12.15
Card Network Mastercard
Card Type
  • Rewards

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