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  M&T Bank Business Rewards Credit Card
M&T Bank Business Rewards Credit Card Unaffiliated

M&T Bank Business Rewards Credit Card

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Highlights
Purchase APR 12.24 - 19.24
Balance Transfer APR 12.24 - 19.24
Credit Score Range 650 - 850
Annual Fee $0

M&T Bank Business Rewards Credit Card Review

Key Takeaways
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases.
  • Competitive APRs. M&T Bank Business Rewards Credit Card has a variable purchase APR that ranges from 12.24% up to 19.24%.
  • No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
  • 4% Balance transfer fee. M&T Bank Business Rewards Credit Card 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.
  • 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 M&T business Rewards credit card
The Good The Bad
  • Potentially lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 12 months.
  • 0% APR on new purchases .
  • No annual fee.
  • No foreign transaction fee.
  • M&T Bank Business Rewards Credit Card reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • You don't earn rewards on every purchase.
  • Charges a 4% balance transfer fee.
  • Does not include many credit card benefits.
M&T business Rewards credit card FAQ

Who is M&T business Rewards credit card designed for?

This is a credit card issued by M&T 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 12.24% up to 19.24%. The card has a variable balance transfer APR that ranges from 12.24% up to 19.24%.

It also has a variable cash advance APR starting at 22.24% . Note that late payments are subject to an APR of 24.99% 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?

Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 12 months from account opening.

This business card does offer an introductory APR rate on new purchases of 0%

M&T business Rewards credit card Rates & Terms
Purchase APR 12.24% - 19.24%
Balance Transfer APR 12.24% - 19.24%
Cash Advance APR Starting at 22.24%
Penalty 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 $25.
  • An overlimit fee of $15.

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.

M&T business Rewards credit card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Balance Transfer Fee 4%
Minimum Balance Transfer Fee $10
Returned Payment Fee up to $25
Late Payment Fee up to $35

Does it offer a cash back rewards program?

No, it does not offer a cash back rewards program. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

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:

  • Reports to major credit bureaus

What is the support contact email?

The support contact email for this business credit card is ir@mtb.com.

Does M&T Bank Business Rewards Credit Card report your account activity to credit bureaus?

Yes, M&T Bank Business Rewards Credit Card reports your account activity to the following credit reporting agencies:

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 M&T 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 M&T Bank

Now you can earn unlimited 2% cash back your first year and 1.5% cash back after that with M&T Business Rewards Credit Card. Protection with Visa Zero Liability Policy3Disclosure number, please reference additional details in the Disclosures section at the bottom of this page. and two - way text alerts allowing you to quickly respond to suspicious activity. Add employee cards at no additional cost and manage spend limits. No complicated reward tiers, caps or rotating categories.

Availability

  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

Introductory Rate 0
Annual Fee $0
Foreign Currency Transaction Fee 0
No Annual Fee
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) 3%
Cash Advance Fee Minimum 10
Late Fee Amount Up to $35
Minimum Cash Advance Fee ($) $10
Over-Limit Fee 15
Returned Payment Fee Up to 25
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
Rewards Categories
  • 1.5% Cash Back on
Signup Bonus Up to $100
Balance Computation Average Daily Balance
Cash Advance APR Starting at 22.24
Penalty APR 24.99
Purchase APR 12.24 - 19.24
Balance Transfer Fee % 4
Balance Transfer Fee % After Intro Period Starting at 4
Balance Transfer Fee Minimum 10
Balance Transfer Intro APR Period 12 months
Balance Transfer Introductory APR 0
Balance Transfer APR 12.24 - 19.24
Card Network Visa
Card Type
  • Rewards

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M&T Bank Business Credit Cards

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