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  Renasant Bank Smart Business Rewards Visa Signature® Credit Card

Renasant Bank Smart Business Rewards Visa Signature® Credit Card

in Business Credit Cards from Renasant Bank

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Renasant Bank Smart Business Rewards Visa Signature® Credit Card

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in Business Credit Cards from Renasant Bank

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Highlights
Purchase APR  (Variable APR) 15.99 - 20.99
Balance Transfer APR  (Variable APR) 15.99 - 20.99
Credit Score Range 600 - 850
Annual Fee $0 - $95

Renasant Bank Smart Business Rewards Visa Signature® 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 Rewards Visa Signature® Credit Card has a variable purchase APR that ranges from 15.99% up to 20.99%.
  • Cash rewards. This credit card offers cash 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 Rewards Visa Signature® 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 Rewards Visa Signature® 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 Rewards Visa Signature® Credit Card
The Good The Bad
  • Potentially lower than average purchase APRs.
  • Annual fee waived during the first year.
  • Identity Theft Protection.
  • Considers applicants with fair or poor credit.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere Renasant Bank Smart Business Rewards Visa Signature® Credit Card is accepted.
  • Renasant Bank Smart Business Rewards Visa Signature® Credit Card reports to multiple credit bureaus.
  • Charges a 3% balance transfer fee.
  • Does not include many credit card benefits.
Renasant Bank Smart Business Rewards Visa Signature® Credit Card FAQ

Who is Renasant Bank Smart Business Rewards Visa Signature® 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 Rewards Visa Signature® 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 Rewards Visa Signature® 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?

This business credit card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. 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.

However, it does include a 20000 points signup bonus after you spend $500 that can be redeemed for travel, gifts, or other perks.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

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:

  • Fraud Liability
  • 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 Rewards Visa Signature® Credit Card report your account activity to credit bureaus?

Yes, Renasant Bank Smart Business Rewards Visa Signature® 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 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.
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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 Renasant Bank Smart Business Rewards Visa Signature® Credit Card

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

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
Customer Type Business
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 (Variable APR) 23.99
Penalty APR (Variable APR) 28.99
Purchase APR (Variable 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 (Variable APR) 15.99 - 20.99
Card Network Visa
Card Type
  • Rewards
  • Cashback
  • Bonus Offers

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