Business Edition® Visa® Card with Absolute Rewards®
- Best for: Flagstar business customers paying down another bank’s card who want rewards on new purchases
- What Sets It Apart: A 0% period that covers balance transfers as well as purchases, beside one flat rewards rate
- Rewards: 1.5 points per $1 on every purchase, no cap; a point is worth 1 cent as cash back
- Features: Employee cards, with points pooled for the company or kept by each card; rental car collision and theft coverage; Visa Zero Liability
- Annual Fee: $0
- Intro APR: 0% on purchases and balance transfers through the first 12 billing cycles
- APR: 17.99% to 27.99% variable
- Cost: 5% balance transfer fee ($10 minimum); 3% foreign transaction fee; 5% cash advance fee ($5 minimum); late fee up to $39
- Eligibility: Sole proprietors can apply, as can partnerships, LLCs, corporations, and nonprofits
- Pros: No annual fee; cash back deposited to any checking account; 0% on transfers and purchases
- Cons: No welcome offer; points expire after three years; balances on other FNBO cards can’t move here
Get the Business Edition® Visa® Card with Absolute Rewards® if you bank with Flagstar and want to move another bank’s card balance, since it gives 12 billing cycles at 0% on transfers and purchases. Without a balance to move, a no-fee card paying 2% on your first $50,000 a year beats this card’s 1.5% until your spending passes $100,000.
First National Bank of Omaha (FNBO) now issues Flagstar’s credit cards, and this is the rewards card in Flagstar’s business lineup, which no longer includes the old Visa Business Cash card. Flagstar’s other two business cards are a no-rewards card with 18 billing cycles at 0% and a secured card that earns 1 point per dollar.
Key Features
- No annual fee
- 1.5 points per dollar on every purchase, worth 1.5% back as cash, with no cap
- 0% intro annual percentage rate (APR) on purchases and balance transfers through the first 12 billing cycles, then a variable 17.99% to 27.99% APR
- 5% balance transfer fee ($10 minimum) and 3% foreign transaction fee
- Open to sole proprietors as well as LLCs and corporations, so a side business can apply
Pros
- One flat rate, so there are no bonus categories to track
- Cash back as a statement credit, a check, or a deposit into your checking or savings account at any bank
- 0% on balance transfers as well as purchases
- Employee cards, with points pooled for the company or kept by each card
- Collision and theft coverage on rental cars you pay for with the card
Cons
- No welcome offer
- Points expire three years after they’re awarded and are lost if you close the account
- Balances on other FNBO-issued cards, Flagstar’s included, can’t be transferred
It suits Flagstar customers paying down another bank’s card while earning on new purchases, since moving $10,000 at account opening costs a $500 fee and no interest through the first 12 billing cycles. Owners who pay in full earn more with the no-fee American Express Blue Business Cash Card until yearly spending passes $100,000, since it pays 2% on the first $50,000 a year and 1% after, against this card’s 1.5%.
Learn more about the Business Edition® Visa® Card with Absolute Rewards® or see how it compares to the best small business credit cards.
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