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  Central Bank Small Business Mastercard®
Central Bank Small Business Mastercard® Unaffiliated

Central Bank Small Business Mastercard®

Unaffiliated
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Highlights
Purchase APR  (Variable APR) 12.24
Balance Transfer APR  (Variable APR) 12.24
Credit Score Range 600 - 850
Annual Fee $0

Central Bank Small Business Mastercard® Review

Key Takeaways

  • Competitive APRs. Central Bank Small Business Mastercard® has a variable purchase APR of 12.24%
  • 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.
  • 4% Balance transfer fee. Central Bank Small Business Mastercard® 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.
  • Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, 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 Small Business Mastercard®

The Good The Bad
  • Earn one Reward Point for every dollar you spend using your Rewards Credit Card
  • Earn Bonus Points for every dollar you spend during quarterly promotions
  • Potentially 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 credit.
  • Cardholders can earn rewards on purchases everywhere Central Bank Small Business Mastercard® is accepted.
  • Central Bank Small Business Mastercard® reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 3%.
  • Charges a 4% balance transfer fee.

Central Bank Small Business Mastercard® FAQ

Who is Central Bank Small 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 12.24%. The card has a variable balance transfer APR of 12.24% .

It also has a variable cash advance APR of 24.99%.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business card does not offer an introductory rate on new purchases.

Central Bank Small Business Mastercard® Rates & Terms
Purchase APR 12.24%
Balance Transfer APR 12.24%
Cash Advance APR 24.99%

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 $35.
  • A returned payment fee of up to $35.
  • 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 Small Business Mastercard® Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 3%
Balance Transfer Fee 4%
Minimum Balance Transfer Fee $10
Returned Payment Fee up to $35
Late Payment Fee up to $35

Does it offer a cash back or rewards program?

Yes, Central Bank Small Business Mastercard® 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:

  • Every Purchase

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.

What are the benefits?

This business credit card provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • 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 Small Business Mastercard® report your account activity to credit bureaus?

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

Designed for your small business needs, with one card per account – enjoy discounts on software to keep your business running smoothly, and reporting the way you want. Earn one reward point per dollar spent. Manage your business cash flow and expenses with the conveniences, security, and global benefits* of Mastercard® with no annual fee. Simplify tracking and reporting of all your spending for increased financial control with the Central Bank Small Business Mastercard. You determine what matters most to your business.

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 $0
Cash Advance Fee (%) Starting at 4
Cash Advance Fee Minimum 10
Foreign Currency Transaction Fee 3
Late Fee Amount Up to 35
Minimum Cash Advance Fee ($) Starting at 10
Minimum Interest Charge 1.50
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Over-Limit Fee 0
Returned Payment Fee Up to 35
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
  • Emergency Support
  • Fraud Liability
  • Cellular Telephone Protection
  • Travel Assistance
Rewards Categories
  • Every Purchase
APR Type Variable APR
Balance Computation "Average daily balance"
Cash Advance APR (Variable APR) 24.99
Purchase APR (Variable APR) 12.24
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
Card Network Mastercard
Card Type
  • Rewards
  • Cashback

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