First Citizens Business Platinum Visa: A Comprehensive Overview

The First Citizens Business Platinum Visa is a versatile and rewarding credit card designed specifically for business owners who seek to manage their expenses efficiently while also reaping benefits. Issued by First Citizens Bank, this card offers a variety of features that cater to the unique financial needs of entrepreneurs.

Card Type

The First Citizens Business Platinum Visa falls under the category of business credit cards. It is tailored for small business owners, offering advantages that are conducive to handling business expenses, including streamlined expense tracking and the ability to separate personal and business finances.

Annual Fee

One of the standout features of this credit card is that it comes with no annual fee. This aspect makes it an attractive option for business owners who are looking to maximize their rewards and minimize costs.

Rewards Program

The rewards structure for the First Citizens Business Platinum Visa is both straightforward and generous. Cardholders earn 1.5% cashback on all purchases, providing a solid incentive for business expenditures. This cashback can be redeemed as statement credits, making it easy for business owners to see the benefits of their purchases immediately.

Sign-Up Bonus

The card also offers a compelling welcome bonus for new customers. By spending $3,000 within the first three months of account opening, cardholders can earn a $500 cashback bonus. This offer incentivizes new users to adopt the card and benefit from its rewards program right from the start.

APR (Annual Percentage Rate)

The First Citizens Business Platinum Visa features a competitive regular APR of 13.24% to 21.24%, depending on creditworthiness. Additionally, new cardholders may avail of a 0% introductory APR on purchases and balance transfers for the first 12 months. This feature is particularly valuable for businesses needing to manage cash flow while making significant purchases.

Foreign Transaction Fees

Using the First Citizens Business Platinum Visa internationally is seamless, as it does not charge any foreign transaction fees. This is an essential advantage for business owners who frequently travel abroad or conduct international transactions.

Balance Transfer Options

In terms of balance transfer options, the card offers a promotional 0% APR for the first 12 months on balances transferred within 90 days of account opening. Subsequent to this introductory period, balance transfers will incur a standard APR. This can be an excellent opportunity for businesses looking to consolidate debt and reduce interest costs.

Additional Fees

While the First Citizens Business Platinum Visa boasts no annual fee, cardholders should be aware of additional fees that could apply. Late payment fees can reach up to $39, and cash advance fees are typically either a flat fee of $10 or 5% of the transaction amount, whichever is greater. Its essential for users to stay informed about these fees to maintain their financial health.

Card Benefits and Perks

This card is not just about rewards; it also includes various benefits and perks tailored for business users. Some highlights include travel accident insurance, concierge services, which assist with travel bookings and providing local recommendations, and access to exclusive dining experiences.

Customer Protections and Insurance

The First Citizens Business Platinum Visa offers robust customer protections, ensuring peace of mind for users. These protections include zero fraud liability, meaning cardholders will not be responsible for unauthorized transactions, purchase protection which covers eligible items against theft or damage, and rental car insurance for business-related travel.

Eligibility and Credit Score Requirements

To increase the chances of approval, applicants should ideally have a credit score of 670 or higher. As with most credit products, eligibility may also take into account the applicant’s overall financial history and business revenue.

Introductory Offers

In addition to the 0% APR introductory offer on purchases and balance transfers, the card does not treat business owners with high annual spending less favorably, ensuring all users have equal access to special promotions and incentives.

Special Features or Unique Selling Points

The First Citizens Business Platinum Visa differentiates itself through its simple rewards program with no complex categories to track or limit. This ease of use allows business owners to focus on managing their business while still maximizing their benefits effectively.

How to Apply

Applying for the First Citizens Business Platinum Visa is easy. Interested applicants can apply online by visiting the First Citizens Bank’s official website. To start your application, click on this link: UpCube.net.