First National Business Rewards Visa

Discover the First National Business Rewards Visa Card

The First National Business Rewards Visa, issued by First National Bank, is a versatile financial tool designed especially for business owners looking to maximize their spending power. With a robust set of features and rewards tailored for business expenses, this card strikes a balance between convenience and rewards, making it an ideal choice for entrepreneurs and small business owners.

Card Type

The First National Business Rewards Visa is categorized as a business credit card. Unlike personal credit cards, it focuses on the needs of businesses by offering rewards on common business expenses, making it easier to manage finances while earning valuable perks.

Annual Fee

This card comes with a manageable annual fee of $95. This fee is quite competitive for a business credit card that provides significant rewards opportunities and accompanying benefits.

Rewards Program

The rewards structure of the First National Business Rewards Visa is designed to maximize return on spending. Cardholders earn 2 points per dollar spent on eligible business categories, such as gas stations, dining, and office supplies. All other purchases earn 1 point per dollar. Points can be redeemed for statement credits, travel rewards, gift cards, or merchandise, providing flexibility based on your needs.

Sign-Up Bonus

New applicants can benefit from an enticing welcome bonus of 20,000 points after spending $3,000 in the first 3 months of account opening. These bonus points can significantly boost your rewards balance, allowing for quicker redemption for travel or other rewards.

APR (Annual Percentage Rate)

The regular APR for purchases is set at a competitive rate of 15.99%. For those looking for a lower rate, an introductory 0% APR offer is available for the first 12 billing cycles on purchases, giving you ample time to manage any large purchases without incurring interest.

Foreign Transaction Fees

A significant advantage of this card is that it does not impose foreign transaction fees, making it ideal for business owners who travel internationally or engage in foreign business transactions. This feature allows you to make purchases abroad without the worry of additional costs.

Balance Transfer Options

For existing credit card holders looking to consolidate debt, the First National Business Rewards Visa offers a balance transfer option with an introductory rate of 0% APR for the first 12 months. This allows you to transfer balances from higher interest credit cards without incurring additional interest during the promotional period.

Additional Fees

While the annual fee is reasonable, cardholders should be aware of possible late payment fees of up to $39 and cash advance fees, which typically range between 3% to 5% of the amount advanced. It’s essential to stay vigilant about payment deadlines and understand the costs associated with cash advances.

Card Benefits and Perks

The First National Business Rewards Visa card is packed with valuable benefits and perks. Cardholders enjoy features such as travel accident insurance, 24/7 concierge services to assist with lifestyle needs, and access to airport lounges through special programs. These benefits add a layer of convenience and security for business travelers.

Customer Protections and Insurance

Safety and security are paramount, which is why this card offers comprehensive customer protections. Cardholders benefit from fraud liability protection, ensuring they are not held responsible for unauthorized transactions. Additionally, the card includes purchase protection and extended warranty coverage on eligible purchases, providing peace of mind when acquiring new business equipment or supplies.

Eligibility and Credit Score Requirements

Applicants generally need a credit score of 650 or higher to qualify for the First National Business Rewards Visa. Other factors, such as business revenue and employment history, are also taken into consideration during the application process.

Introductory Offers

This card stands out with its favorable introductory offers. Besides the 0% APR on purchases and balance transfers for the first 12 months, cardholders can take advantage of enhanced rewards during the first year, adding significant value to early spending.

Special Features or Unique Selling Points

One of the unique features of the First National Business Rewards Visa is its flexible redemption options. Unlike many business cards that restrict how points can be redeemed, this card allows you to use your points for a wide variety of options, from cash back to travel. This flexibility caters to the diverse spending habits of business owners.

How to Apply

Applying for the First National Business Rewards Visa is straightforward. Interested applicants can easily ‘>Apply Here. For expert insights and financial tips, visit UpCube.net today!