Amarillo National Bank Business Rewards

Amarillo National Bank Business Rewards: A Comprehensive Overview

The Amarillo National Bank Business Rewards card is an exceptional product designed for business owners looking to maximize their spending through robust rewards and benefits. Issued by Amarillo National Bank, this business credit card stands out for its appealing rewards program, competitive fees, and customer-oriented features. Below, we delve into the specifics of this card to help small business owners make informed financial decisions.

Card Type

The Amarillo National Bank Business Rewards card is classified as a business credit card, specifically incorporating elements of a rewards credit card. This makes it an excellent option for business owners who want to earn rewards on their everyday business purchases.

Annual Fee

One of the appealing features of the Amarillo National Bank Business Rewards card is that it has no annual fee. This means that business owners can enjoy the benefits of the card without worrying about a recurring cost.

Rewards Program

This card offers a comprehensive rewards program that allows cardholders to earn points for every dollar spent. Business owners can earn 2X points on essential business categories such as office supplies, travel expenses, and dining, while all other purchases earn 1 point per dollar. Points can be redeemed for various rewards, including travel, merchandise, or cash back, making the card quite versatile for the needs of any business.

Sign-Up Bonus

The Amarillo National Bank Business Rewards card features an enticing sign-up bonus. New cardholders can earn 20,000 bonus points after spending $3,000 within the first three months from account opening. This bonus can be a significant boost, providing an excellent start to your rewards journey.

APR (Annual Percentage Rate)

The card comes with a competitive regular APR of 15.99%. Moreover, there is an attractive introductory offer that provides a 0% APR on purchases and balance transfers for the first 12 months. After this introductory period, the standard APR applies, making it a great option for those looking to manage their cash flow effectively.

Foreign Transaction Fees

The Amarillo National Bank Business Rewards card charges no foreign transaction fees. This feature is especially beneficial for business owners who frequently travel internationally or engage in overseas transactions, allowing them to save money while managing expenses abroad.

Balance Transfer Options

For individuals looking to simplify their financial management, the card offers balance transfer options. There is currently a promotional 0% APR on balance transfers for the first 12 billing cycles, enabling cardholders to pay off existing debts without incurring additional interest during this period. A balance transfer fee of 3% applies, making this an attractive solution for those with higher-interest debt.

Additional Fees

• Late Fees: Up to $39 for missed payments.
• Cash Advance Fees: 5% or $10, whichever is greater.

Card Benefits and Perks

The Amarillo National Bank Business Rewards card is filled with excellent benefits, including travel insurance, concierge services, and access to exclusive events. Additionally, cardholders enjoy the flexibility of using an expense management tool that helps track business spending seamlessly.

Customer Protections and Insurance

This card offers robust customer protections such as $0 fraud liability, meaning cardholders are not responsible for unauthorized transactions. Purchase protection is included as well, which safeguards eligible purchases against damage or theft within a set period. Furthermore, the card provides rental car insurance when the vehicle is paid in full with the card, giving users peace of mind while traveling.

Eligibility and Credit Score Requirements

To qualify for the Amarillo National Bank Business Rewards card, applicants typically need a credit score of 700 or higher. This elevated requirement ensures that the card is offered to responsible credit users, ideally reflecting good credit management practices.

Introductory Offers