Central Bank Small Business Mastercard®
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| 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 |
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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.| 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.
| 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.
Message From Central Bank Small Business Mastercard®
Contact
- Headquarters
-
238 Madison St
Jefferson City, MO USA - (866) 236-8744
- Visit Site
- Email Support
Other Services 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 |
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