First Horizon Bank Business Rewards Mastercard

First Horizon Bank Business Rewards Mastercard: An Overview

The First Horizon Bank Business Rewards Mastercard is an exceptional credit card designed specifically for small business owners seeking to maximize their spending through rewards and perks. Issued by First Horizon Bank, this card stands out in the competitive landscape of business credit cards, offering an attractive combination of rewards and no annual fee.

Card Type

The First Horizon Bank Business Rewards Mastercard is categorized as a business rewards credit card. This type of card is ideal for entrepreneurs who want to earn rewards on their business expenditures, aiding business growth while benefiting from valuable perks.

Annual Fee

A notable feature of this card is that it comes with no annual fee. This makes it an appealing option for small businesses that wish to keep costs low while enjoying the advantages of a rewards program.

Rewards Program

This card offers a robust rewards program that lets cardholders earn points for every dollar spent. Specifically, users can earn 3 points per dollar on qualifying business purchases in select categories, such as office supplies and travel, and 1 point per dollar on all other purchases. The versatility of these rewards allows for flexible redemption options, including cash back, statement credits, or gift cards, which can be a huge boost for various business expenditures.

Sign-Up Bonus

New cardholders can capitalize on an enticing sign-up bonus. Upon spending $3,000 in the first 3 months of account opening, cardholders can earn 25,000 bonus points. These bonus points can be redeemed for $250 in cash back, making it a great incentive for businesses to start using their new card immediately.

APR (Annual Percentage Rate)

The regular APR for the First Horizon Bank Business Rewards Mastercard is competitive, typically ranging from 14.24% to 24.24% based on creditworthiness. Additionally, there is an introductory 0% APR offer for the first 12 months on purchases, allowing businesses to finance larger purchases with no interest initially.

Foreign Transaction Fees

For businesses dealing with international clients or suppliers, its crucial to note that this card imposes no foreign transaction fees. This feature makes it easier for small businesses to transact globally without incurring unnecessary fees.

Balance Transfer Options

The First Horizon Bank Business Rewards Mastercard also allows for balance transfers, featuring an introductory 0% APR for the first 12 months. This option can be beneficial for businesses looking to consolidate debt from high-interest cards into a more manageable form with lower payment obligations.

Additional Fees

While the card does not carry an annual fee, users should be aware of other fees. Late payment fees can reach up to $39, and cash advances incur a fee of either $10 or 5% of the amount transferred, whichever is higher. Understanding these fees is essential to avoid surprises.

Card Benefits and Perks

The First Horizon Bank Business Rewards Mastercard includes several valuable benefits and perks. Cardholders receive travel insurance, which provides peace of mind while traveling for business purposes. Additionally, they gain access to exclusive concierge services to assist with travel plans, event bookings, and more, enhancing the overall business experience.

Customer Protections and Insurance

The card prioritizes customer protections with features such as fraud liability protection that protects cardholders against unauthorized transactions. Purchase protection offers relief from theft or damage of eligible purchases, and rental car insurance provides coverage when renting vehicles for business purposes.

Eligibility and Credit Score Requirements

To gain approval for the First Horizon Bank Business Rewards Mastercard, applicants are generally expected to have a credit score of 700 or higher. However, other factors are also considered during the application process, including business revenue and overall credit history.

Introductory Offers

As mentioned, the card includes an appealing introductory 0% APR offer for the first 12 months on purchases and balance transfers. This limited-time promotion is particularly beneficial for businesses needing time to repay larger expenses without incurring interest.

Special Features or Unique Selling Points

One of the unique selling points of the First Horizon Bank Business Rewards Mastercard is its flexible redemption options. Unlike some cards that limit rewards to specific categories, this card provides the liberty to redeem points in various ways, ensuring businesses can utilize their rewards effectively based on their needs.

How to Apply

Applying for the First Horizon Bank Business Rewards Mastercard is straightforward. Interested individuals can UpCube.net and