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Arvest Business Gold Visa
Arvest Business Gold Visa: Your Gateway to Comprehensive Business Benefits
The Arvest Business Gold Visa, issued by Arvest Bank, is a premier business credit card designed specifically for small to medium-sized businesses looking to maximize their purchasing power while enjoying extensive rewards and benefits. This card not only caters to everyday business expenses but also offers a robust rewards program and various additional perks tailored to the needs of business owners.
Annual Fee
The Arvest Business Gold Visa has a competitive structure when it comes to fees. This card features no annual fee, making it an attractive option for business owners seeking to minimize costs while still gaining substantial rewards and benefits.
Rewards Program
One of the standout features of the Arvest Business Gold Visa is its enticing rewards program. Cardholders earn 1.5% cashback on every dollar spent on all purchases, with no limits to the amount of cashback one can earn. This straightforward rewards structure allows businesses to easily accumulate rewards while managing their expenses efficiently. Rewards can be redeemed in the form of cashback, providing businesses with immediate financial benefits.
Sign-Up Bonus
New cardmembers can take advantage of a lucrative sign-up bonus. After spending $3,000 within the first three months of account opening, cardholders can earn $300 in cashback. This generous offer provides an added incentive for businesses to choose the Arvest Business Gold Visa.
APR (Annual Percentage Rate)
The standard APR for the Arvest Business Gold Visa is competitive, allowing cardholders to manage expenses without excessive interest charges. The card offers a variable APR starting at 14.49% (rates may vary based on creditworthiness). Additionally, there are opportunities for introductory APR offers for new applicants, which may include 0% APR on purchases made in the first 12 months, allowing businesses to utilize the card without interest during the introductory period.
Foreign Transaction Fees
For businesses that operate internationally or travel abroad, the Arvest Business Gold Visa provides an invaluable benefit by waiving foreign transaction fees. This feature ensures that businesses can conduct transactions without incurring additional costs when making purchases outside the United States.
Balance Transfer Options
Cardholders looking to consolidate debt will find attractive balance transfer options available. The card often features promotional offers such as 0% APR on balance transfers for an introductory period of 12 months (subject to credit approval), providing businesses with a cost-effective way to manage existing debt.
Additional Fees
While the card offers numerous benefits, it is essential to be aware of certain additional fees. Late payment fees may apply, typically around $39. Cash advances also incur a fee, typically the greater of 3% or $10 of the amount advanced. Careful management of the card can help mitigate these fees.
Card Benefits and Perks
The Arvest Business Gold Visa comes with substantial benefits and perks designed for busy business owners. These benefits include travel insurance, purchase protection, and access to online expense management tools, enabling business owners to keep track of their spending and manage finances more efficiently. Additionally, cardholders enjoy concierge services, offering assistance with travel planning and reservations, making it easier to manage business-related travel.
Customer Protections and Insurance
Cardholders can enjoy peace of mind with robust customer protections and insurance. The Arvest Business Gold Visa provides fraud liability protection, ensuring that users are not responsible for unauthorized transactions. Purchase protection covers eligible items against theft or damage for a specified period after purchase, while rental car insurance offers coverage in case of accidents or damage when renting a vehicle for business purposes.
Eligibility and Credit Score Requirements
To qualify for the Arvest Business Gold Visa, potential applicants typically need a credit score of 650 or higher. Businesses should also meet specific revenue requirements and present a solid business plan to increase approval chances. This means that while the card is accessible, it is aimed at responsible business owners focused on maintaining a healthy credit profile.
Introductory Offers
In addition to the sign-up bonus, the card features compelling introductory offers, including the previously mentioned 0% APR for the first 12 months on purchases and balance transfers. This offer allows businesses to make significant purchases or consolidate existing debt without accruing interest during the promotional period.
Special Features or Unique Selling Points
The Arvest Business Gold Visa boasts several unique selling points, such as the absence of foreign transaction fees and a straightforward cashback structure. Another notable feature is the access to exclusive business tools through the Arvest online banking platform, allowing cardholders to manage both personal and business finances conveniently in one place.