Tag: business rewards credit cards

First Tennessee Business Elite Visa: Your Ultimate Business Credit Card Choice

The First Tennessee Business Elite Visa is an exceptional credit card tailored for business owners looking to optimize their spending and rewards potential. Issued by First Tennessee Bank, this card stands out in the competitive landscape of business credit cards, thanks to its comprehensive rewards program and versatile benefits. This article will delve into the key features of the First Tennessee Business Elite Visa, making it clear why this card is an ideal choice for entrepreneurs.

Card Type

The First Tennessee Business Elite Visa is primarily categorized as a business credit card. This makes it specifically designed to cater to the needs of business owners, providing essential features and benefits that help manage finances and encourage business growth.

Annual Fee

One of the standout features of the First Tennessee Business Elite Visa is that it comes with no annual fee. This aspect makes it particularly appealing for small business owners who want to maximize their cashback or rewards without incurring additional charges.

Rewards Program

This credit card offers a competitive rewards program that allows cardholders to earn valuable points on every purchase. Businesses can earn double points on essential business expenses such as travel, office supplies, and dining. The points can be redeemed for various perks, including travel rewards, gift cards, and merchandise, making it a versatile choice for busy entrepreneurs.

Sign-Up Bonus

For new applicants, the First Tennessee Business Elite Visa offers an enticing sign-up bonus. Upon meeting qualifying spending requirements within the first three months, cardholders can earn up to 30,000 bonus points. This bonus can provide a significant boost in redeemable value, encouraging businesses to get started on their spending journey.

APR (Annual Percentage Rate)

The card has a reasonable regular APR rate, which typically falls between 15.99% and 24.99%, depending on creditworthiness. Additionally, there may be introductory offers such as a 0% APR for the first 12 months on purchases, providing businesses with a chance to manage cash flow during the initial months of use.

Foreign Transaction Fees

Traveling for business? The First Tennessee Business Elite Visa has no foreign transaction fees, making it an excellent option for entrepreneurs who find themselves purchasing abroad or dealing with international agreements.

Balance Transfer Options

This card includes provisions for balance transfers. New cardholders can benefit from a promotional offer of 0% APR on balance transfers within the first 12 months, which can provide significant savings if you are transferring balances from higher-interest credit cards. However, be aware that a balance transfer fee of 3% applies.

Additional Fees

While the card features a no annual fee policy, it’s essential to consider other potential fees. Late payment fees may apply, typically around $39, and cash advances incur a fee of either $10 or 5% of the transaction amount, whichever is greater. Managing payments promptly can help avoid these charges.

Card Benefits and Perks

The First Tennessee Business Elite Visa is accompanied by a variety of valuable benefits and perks. Cardholders gain access to raditional benefits such as travel insurance, rental car insurance, and concierge services to assist in booking travel and reservations. These benefits are crafted to offer peace of mind while traveling for business operations.

Customer Protections and Insurance

With fraud liability protections in place, users can feel secure knowing they arent held responsible for unauthorized transactions. Additionally, the card includes purchase protection covering new purchases against theft or damage for a certain period after the sale.

Eligibility and Credit Score Requirements

To apply for the First Tennessee Business Elite Visa, potential cardholders should ideally possess a credit score of at least 650. This requirement ensures that responsible cardholders are more likely to be approved, providing a rewarding experience for those who apply.

Introductory Offers

The First Tennessee Business Elite Visa extends several introductory offers for new users. Besides the 0% APR on purchases for the first 12 months, there are often limited-time promotions available for new cardholders, enhancing the card’s overall value.

Special Features or Unique Selling Points

This card sets itself apart from competitors with its unique selling points, notably its robust concierge service which can help users with reservations, event planning, and even gift purchasing, adding a level of personal touch that many entrepreneurs value.

How to Apply

Applying for the First Tennessee Business Elite Visa is straightforward and can be completed online or in-branch. Interested applicants can easily navigate to the official website to complete their application by visiting ‘>Apply Here and experience the rewards firsthand!

For more insights on financial offerings, check out UpCube.net.