Last Updated: 04/18/2025
First Citizens Bank Premium Rewards Business Credit Card
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Last Updated: 04/18/2025
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Highlights
Purchase APR (Variable APR)
19.24% - 28.24%(Verified 06/21/2024)
Balance Transfer APR (Variable APR)
19.24% - 28.24%(Verified 06/21/2024)
Annual Fee
$0 - $95
Credit Score Range
N/A
First Citizens Bank Premium Rewards Business Credit Card Review
This is a rewards card issued by First Citizens Bank. If you're wondering whether First Citizens Bank Premium Rewards Business Credit Card is the right card for you, read on.
Key Takeaways
- APR: This is not a great card for people who carry a balance. It has a variable regular purchase APR that ranges from 19.24% up to 28.24%.
- 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.
- $0 intro annual fee for the first year. First Citizens Bank Premium Rewards Business Credit Card gives you the chance to have the card for a year without paying the $0 annual fee.
- A 3% balance transfer fee. First Citizens Bank Premium Rewards Business Credit 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 $5.
- 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.
- Multiple business credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, identity theft protection, purchase security, travel accident insurance, travel assistance, trip cancellation and interruption protection, and fraud protection.
Pros & Cons of First Citizens Bank Premium Rewards Business credit card
| The Good | The Bad |
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What are the relevant APRs?
This business credit card has a variable purchase APR that ranges from 19.24% up to 28.24% . The card has a variable balance transfer APR that ranges from 19.24% up to 28.24% .
It also has a variable cash advance APR of 28.24%. 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.| Purchase APR | 19.24% - 28.24% |
| Balance Transfer APR | 19.24% - 28.24% |
| Cash Advance APR | 28.24% |
| 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 $39.
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.
| Fees | Amount |
| Annual Fee | $0 |
| Foreign Transaction Fee | 0% |
| Balance Transfer Fee | 3% |
| Minimum Balance Transfer Fee | $5 |
| Returned Payment Fee | up to $39 |
| Late Payment Fee | up to $39 |
Does it offer a cash back or rewards program?
Yes, First Citizens Bank Premium Rewards 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:
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| Rewards Categories |
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- Every Purchase
- Restaurants
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.
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Hours of Operation
Sunday
7:00AM - 11:00PM
Monday
7:00AM - 11:00PM
Tuesday
7:00AM - 11:00PM
Wednesday
7:00AM - 11:00PM
Thursday
7:00AM - 11:00PM
Friday
7:00AM - 11:00PM
Saturday
7:00AM - 11:00PM