
M&T Bank Business Rewards Credit Card
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Purchase APR (Variable APR) |
12.24 - 19.24 (Verified 08/04/2023) |
Balance Transfer APR (Variable APR) |
12.24 - 19.24 (Verified 08/04/2023) |
Annual Fee | $0 |
Credit Score Range | 650 - 850 |
M&T Bank Business Rewards Credit Card Review
This is a rewards card issued by M&T Bank. If you're wondering whether M&T business Rewards credit card is the right card for you, read on.
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 rewards card. It gives you rewards on your purchases, 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 |
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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%
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.
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 or rewards program?
Yes, M&T business Rewards 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
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
- Reports to major credit bureaus
What is the customer service phone number?
The customer service number for this business card is (800) 724-2440.
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:
- 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 M&T Bank Business Rewards Credit Card website.
- 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 M&T business Rewards credit card
Contact
- Headquarters
-
One M & T Plaza
Buffalo, NY 14203 USA - (800) 724-2440
- Visit Site
- Email Support
Other Services by M&T Bank
Other Business Credit Cards by M&T Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Introductory Rate | 0 |
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