First Hawaiian Bank Priority Rewards Business Mastercard: Comprehensive Overview

The First Hawaiian Bank Priority Rewards Business Mastercard is an exceptional credit card option designed specifically for business owners looking to maximize their rewards potential. Issued by First Hawaiian Bank, this card stands out in a competitive market with a carefully crafted rewards program, impressive benefits, and flexible redemption options. Below, we explore the key features and details that make this card a valuable asset for any business.

1. Card Type

The First Hawaiian Bank Priority Rewards Business Mastercard is primarily categorized as a business credit card. It is tailored for entrepreneurs and small business owners, providing them with a suite of features that enhance both their business operations and their financial benefits.

2. Annual Fee

This premium card comes with an annual fee of $75. However, many users find that the rewards and benefits far outweigh the cost, especially if they make the most out of the available rewards program.

3. Rewards Program

The cards rewards structure is highly competitive. Cardholders earn 3 points per dollar spent on qualifying business purchases, including travel and advertising. For all other purchases, users earn 1 point per dollar. These points can be redeemed for various options, such as cashback, gift cards, or travel purchases, offering flexibility based on individual preferences.

4. Sign-Up Bonus

To welcome new customers, First Hawaiian Bank offers an attractive sign-up bonus. Upon meeting the initial spending requirement of $3,000 within the first three months of account opening, cardholders can earn 30,000 bonus points. This bonus can be a great way to kickstart your rewards accumulation.

5. APR (Annual Percentage Rate)

The card features a competitive regular APR of 16.24%. First Hawaiian Bank also provides an enticing introductory APR of 0% for the first 12 months on both purchases and balance transfers, allowing businesses to manage cash flow more effectively during the initial period.

6. Foreign Transaction Fees

The First Hawaiian Bank Priority Rewards Business Mastercard is beneficial for frequent travelers, as it does not charge any foreign transaction fees. This feature makes it an ideal choice for business trips abroad, ensuring you can use your card without incurring additional charges.

7. Balance Transfer Options

If you have existing debt on higher-interest credit cards, the Priority Rewards offers a balance transfer option with a 0% introductory APR for the first 12 months. After that period, the standard APR applies, making it a great way to consolidate debt while saving on interest.

8. Additional Fees

Besides the annual fee, cardholders should be aware of other potential costs. These include late payment feescash advance fees, which are either $10 or 5% of the cash advance amount, whichever is greater.

9. Card Benefits and Perks

This credit card offers a range of valuable benefits and perks. These include travel insurance, access to exclusive business resources, and the possibility of obtaining a concierge service to assist with travel planning, event booking, and reservations, making it easier to manage multiple business needs.

10. Customer Protections and Insurance

Cardholders benefit from robust customer protection policies. These include $0 fraud liability for unauthorized transactions, purchase protection for items bought with the card, and rental car insurance when the card is used to pay for the rental, providing peace of mind while traveling.

11. Eligibility and Credit Score Requirements

The First Hawaiian Bank Priority Rewards Business Mastercard is typically awarded to applicants with a good to excellent credit score, generally within the range of 700-850. This criterion ensures that the card is in the hands of responsible users who can maximize its benefits.

12. Introductory Offers

In addition to the introductory 0% APR, which is beneficial for new purchases and balance transfers, there are no introductory offers regarding waived annual fees or other promotional rewards for the first year.

13. Special Features or Unique Selling Points

A notable feature of the Priority Rewards Business Mastercard is its tiered rewards system. The lane of earning 3 points per dollar on select categories can significantly amplify your rewards, particularly for businesses that spend heavily in those areas.

14. How to Apply

Applying for the First Hawaiian Bank Priority Rewards Business Mastercard is straightforward. You can UpCube.net. Don’t miss out on the opportunity to elevate your business spending”