Eastern Bank Smart Business Rewards Card
Eastern Bank Smart Business Rewards Card Unaffiliated

Eastern Bank Smart Business Rewards Card

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Purchase APR  (Variable APR) 18.99% - 23.99%
(Verified 09/25/2022)
Balance Transfer APR  (Variable APR) 18.99% - 23.99%
(Verified 09/25/2022)
Credit Score Range Starting at 650
Annual Fee $0 - $95

Eastern Bank Smart Business Rewards Card Review

Key Takeaways

  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.99% up to 23.99%.
  • Rewards program. This credit card offers rewards on your purchases, but you will have to pay an annual fee of up to $95 for the privilege.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Eastern Bank Smart Business Rewards Card

The Good The Bad
  • No foreign transaction fee.
  • Cardholders can earn rewards on their purchases.
  • Higher than average purchase APRs.
  • Does not offer a signup bonus.
  • Does not report to credit bureaus.
  • Does not include many credit card benefits.

Eastern Bank Smart Business Rewards Card FAQ

Who is Eastern Bank Smart Business Rewards Card designed for?

This is a credit card issued by Eastern Bank.

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 that ranges from 18.99% up to 23.99%. The card has a variable balance transfer APR that ranges from 18.99% up to 23.99%.

It also has a variable cash advance APR of 28.99%. Note that late payments are subject to an APR of 30.24% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

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.

Eastern Bank Smart Business Rewards Card Rates & Terms
Purchase APR 18.99% - 23.99%
Balance Transfer APR 18.99% - 23.99%
Cash Advance APR 28.99%
Penalty APR 30.24%

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.
  • A returned payment fee of up to $35.

Does it charge a foreign transaction fee?

This business credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Eastern Bank Smart Business Rewards Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Returned Payment Fee $35
Late Payment Fee $19 to $39

Does it offer a cash back or rewards program?

Yes, Eastern Bank Smart Business Rewards 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:

  • Advertising Services
  • Airfare
  • Car Rentals
  • Internet, Cable and Phone Services
  • Drug Stores
  • Education
  • Every Purchase
  • Furniture
  • Gas stations
  • Groceries
  • Gyms
  • Home Improvement
  • Hotels
  • Insurance
  • Office Supply Stores
  • Restaurants
  • Retail
  • Shipping
  • Software, Hardware, Cloud
  • Utilities
  • Warehouse Clubs

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:

  • Fraud Liability

What is the customer service phone number?

The customer service number for this business card is (800) 327-8376.

What is the support contact email?

The support contact email for this business credit card is

How to apply?

  • Visit the Eastern 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.


  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Annual Fee $0 - $95
Cash Advance Fee (%) 4%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 0%
Late Fee Amount $19 - $39
Minimum Cash Advance Fee ($) $10
Minimum Interest Charge $1
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 24 days
Returned Payment Fee $35
Credit Score Range 650 -
Credit Card Benefits
  • Fraud Liability
Bonus Rewards Earn 20,000 bonus rewards points when you spend $500 in the first 90 days of account opening.
Rewards Categories
  • 1x - 2x Points on Every Purchase
APR Type Variable APR
Cash Advance APR (Variable APR) 28.99%
Penalty APR (Variable APR) 30.24%
Purchase APR (Variable APR) 18.99% - 23.99%
(Verified 09/25/2022)
Balance Transfer APR (Variable APR) 18.99% - 23.99%
(Verified 09/25/2022)
Card Network Visa
Card Type
  • Rewards

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