Tag: BECU membership

BECU Business Rewards Visa “ Points on Travel and Office Supplies

The BECU Business Rewards Visa is a premier credit card issued by the Boeing Employees Credit Union (BECU), designed specifically for businesses looking to maximize their rewards on everyday purchases. This card stands out for its robust rewards program tailored towards travel and office supplies, making it an ideal choice for entrepreneurs and small business owners.

Card Type

This credit card is categorized as a business rewards card, specifically aimed at helping businesses earn points on their expenditures while managing expenses effectively.

Annual Fee

One of the most appealing aspects of the BECU Business Rewards Visa is that it comes with no annual fee, allowing businesses to benefit from rewards without the burden of yearly costs.

Rewards Program

The rewards structure is highly advantageous, offering 3 points per dollar spent on travel purchases and 1 point per dollar on all other expenses. Business owners can accumulate points that can be redeemed for cash back, travel, and other valuable rewards. This flexibility ensures that businesses can convert their spending into tangible rewards effectively.

Sign-Up Bonus

New cardholders can enhance their rewards from the very start. The BECU Business Rewards Visa offers a generous sign-up bonus of 20,000 points after spending $3,000 within the first 90 days. This welcome bonus can be a substantial boost for businesses looking to maximize their benefits early on.

APR (Annual Percentage Rate)

The regular APR for purchases is competitive, set at 14.24%, and there may be introductory offers available that temporarily lower this rate or provide a promotional 0% APR for balance transfers within a certain period. Checking the latest terms on BECU’s official site is advisable for the most current rates.

Foreign Transaction Fees

Business owners who travel internationally will appreciate that the BECU Business Rewards Visa does not charge foreign transaction fees, which can lead to significant savings when making purchases abroad.

Balance Transfer Options

For those looking to consolidate credit card debt, the BECU Business Rewards Visa offers balance transfer options. The introductory offers may include 0% APR for the first 12 months on balances transferred from other credit cards, after which a standard APR applies.

Additional Fees

While there are no annual fees, it’s important to be aware of other potential costs associated with the card. These include a late payment fee of up to $35 and a cash advance fee of either $10 or 3% of the amount, whichever is greater. Understanding these fees is essential for effective financial planning.

Card Benefits and Perks

Cardholders are provided with a variety of benefits and perks that enhance their business experience. This may include travel insurance coverage for unexpected events, access to business travel discounts, and a dedicated concierge service for assistance with travel and entertainment needs.

Customer Protections and Insurance

The BECU Business Rewards Visa ensures your purchases are protected. This includes fraud liability protection, which safeguards cardholders against unauthorized transactions, as well as purchase protection that covers new purchases against damage or theft. Additionally, rental car insurance offers peace of mind when traveling.

Eligibility and Credit Score Requirements

To qualify for the BECU Business Rewards Visa, applicants generally need a good credit score, typically in the range of 700 or above. Other criteria may include a demonstrated ability to manage credit responsibly and an active business status.

Introductory Offers

Keep an eye out for any introductory offers that might include 0% APR on purchases or balance transfers for the initial period following account opening. These offers can help businesses ease into their new card without immediate interest costs.

Special Features or Unique Selling Points

What sets the BECU Business Rewards Visa apart is its unique focus on travel and office supply rewards. Additionally, there are no limits on the points you can earn, and points do not expire as long as the account remains open. This feature gives cardholders the freedom to redeem their points based on their business’s calendar.

How to Apply

Applying for the BECU Business Rewards Visa is straightforward. Prospective cardholders can complete their application online through the official BECU website. Click here to UpCube.net.