City National Bank Preferred Points Card Review

• Competitive APRs. City National Bank Preferred Points Card has a variable purchase APR of 16.49%
• 3% Balance transfer fee. City National Bank Preferred Points 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 $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% 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, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

The Good	The Bad
Multiple business credit card perks. Offers auto rental collision damage waiver. Identity Theft Protection. Cardholders can earn rewards on purchases everywhere City National Bank Preferred Points Card is accepted. City National Bank Preferred Points Card reports to multiple credit bureaus.	Charges an annual fee of $49 Does not offer a signup bonus. Charges a foreign transaction fee of 2%. Charges a 3% balance transfer fee. After the introductory period, the fee is 3% of the balance transferred or $10, whichever is greater.

Who is City National Bank Preferred Points Card designed for?

This is a credit card issued by City National Bank of Texas. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs?

This business credit card has a variable purchase APR of 16.49%. The card has a variable balance transfer APR of 16.49% .

It also has a variable cash advance APR of 16.49%. Note that late payments are subject to an APR of 21% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What fees does it charge?

The following fees apply to this business credit card:

• An annual fee of $49.
• A late payment penalty of up to $25.
• A returned payment fee of up to $25.

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

• Every Purchase

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
• Emergency Support
• Fraud Liability
• Reports to major credit bureaus

What is the support contact email?

The support contact email for this business credit card is info@cnbt.bank.

Does City National Bank Preferred Points Card report your account activity to credit bureaus?

Yes, City National Bank Preferred Points 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 City National Bank of Texas .
• 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.