SuperMoney
  Renasant Bank Smart Business Visa Credit Card
Renasant Bank Smart Business Visa Credit Card Unaffiliated

Renasant Bank Smart Business Visa Credit Card

Unaffiliated
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Business Credit Cards.
Spark 2X Miles
Spark 2X Miles 7 reviews
Highlights
Purchase APR 15.99 - 20.99
Balance Transfer APR 15.99 - 20.99
Credit Score Range 600 - 850
Annual Fee $0 - $95

Renasant Bank Smart Business Visa Credit Card Review

Key Takeaways
  • Signup bonus. Offers a signup bonus of 20000 points after spending $500 that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. Renasant Bank Smart Business Visa Credit Card has a variable purchase APR that ranges from 15.99% up to 20.99%.
  • 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.
  • Annual fee waived the first year. Renasant Bank Smart Business Visa Credit Card gives you the chance to have the card for a year without paying the $0 annual fee.
  • 3% Balance transfer fee. Renasant Bank Smart Business Visa 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.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.
Pros & Cons of Renasant Bank Smart Business Visa Credit Card
The Good The Bad
  • Potentially lower than average purchase APRs.
  • Annual fee waived during the first year.
  • Considers applicants with fair credit.
  • No foreign transaction fee.
  • Renasant Bank Smart Business Visa Credit Card reports to multiple credit bureaus.
  • Does not offer rewards or cash back.
  • You don't earn rewards on every purchase.
  • Charges a 3% balance transfer fee.
  • Does not include many credit card benefits.
Renasant Bank Smart Business Visa Credit Card FAQ

Who is Renasant Bank Smart Business Visa Credit Card designed for?

This is a credit card issued by Renasant Bank. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 600.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 15.99% up to 20.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 20.99%.

It also has a variable cash advance APR of 23.99%. Note that late payments are subject to an APR of 28.99% 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?

No, this business card does not come with an introductory APR offer for balance transfers.

This business credit card does not offer an introductory rate on new purchases.

Renasant Bank Smart Business Visa Credit Card Rates & Terms
Purchase APR 15.99% - 20.99%
Balance Transfer APR 15.99% - 20.99%
Cash Advance APR 23.99%
Penalty APR 28.99%

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 $39.
  • A returned payment fee of up to $35.
  • An overlimit fee of $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.

Renasant Bank Smart Business Visa Credit Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $5
Returned Payment Fee $35
Late Payment Fee $19 to $39

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 info@renasantbank.com.

Does Renasant Bank Smart Business Visa Credit Card report your account activity to credit bureaus?

Yes, Renasant Bank Smart Business Visa 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 Renasant 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 Renasant Bank

Earn 2X rewards in your top 2 spend categories with the Smart Business Rewards Card. Earn 2 points in your top 2 spend categories each month, automatically. Earn 1 point on all other eligible purchases. Earn 20,000 bonus rewards points when you spend $500 in the first 90 days of account opening. MORE REWARDS. NO POINT LIMITS. Earn a $200 Bonus

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:30pm
  • Tuesday 9:00am - 4:30pm
  • Wednesday 9:00am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 9:00am - 5:30pm
  • Saturday Closed

Other Services by Renasant Bank

Icon for Business Credit Cards
View all business credit cards offered by Renasant Bank

Feature Breakdown

Foreign Currency Transaction Fee 0
No Annual Fee First Year
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 24 days
Annual Fee $0 - $95
Cash Advance Fee (%) Starting at 4
Cash Advance Fee Minimum 10
Late Fee Amount 19 - 39
Minimum Cash Advance Fee ($) Starting at 10
Minimum Interest Charge 2
Over-Limit Fee 39
Returned Payment Fee 35
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Fraud Liability
Bonus Rewards Earn 20,000 bonus rewards points when you spend $500 in the first 90 days of account opening,
Rewards Categories
  • Travel
  • Every Purchase
Signup Bonus (points) 20,000
Balance Computation Average daily balance (including new purchases).
Cash Advance APR 23.99
Penalty APR 28.99
Purchase APR 15.99 - 20.99
Balance Transfer Fee % 3
Balance Transfer Fee % After Intro Period Starting at 3
Balance Transfer Fee Minimum 5
Balance Transfer APR 15.99 - 20.99
Card Network Visa
Card Type
  • Rewards
  • Cashback
  • Bonus Offers

Be the first to rate

 

Would you recommend Renasant Bank Smart Business Visa Credit Card to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Renasant Bank Business Credit Cards

Loading...