FlexPerks Business Cash Rewards Visa Credit Card Review | CreditShout

FlexPerks Business Cash Rewards Visa Credit Card Review

By Dan Rafter / January 10, 2011

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Verdict: The FlexPerks Business Cash Rewards Visa credit card from US Bank ranks as one of the strongest business cards on the market. With no annual fee, you can use this card to earn three-times cash-back bonuses for business-related purchases. And if your credit score is strong, you’ll qualify for a low purchase interest rate.

Overview: This business card allows you to add employee cards to your account. The good news is that the spending that employees do can earn cash-back bonuses, too. It’s a nice perk.

How This Card Works: You’ll earn cash-back bonuses every time you make a purchase with your FlexPerks Business Cash Rewards Visa credit card. Once you reach $25 in cash-back points, you can redeem them for cash. You can receive this cash either directly deposited in a US Bank checking, savings or money market account; deposited onto a US Bank rewards card; or added as a credit to your FlexPerks credit card statement.

Travel and Shopping Benefits: You’ll earn a 3 percent cash-rewards bonus for every dollar that you charge on cellular phone services, gas and office-supply-store purchases. You’ll earn a cash-back bonus of 1 percent of all other purchases that you make. As a bonus, on every anniversary of your account-activation date, you’ll receive a cash-back bonus equal to 25 percent of the cash rewards you generated with your card in the prior year.

Fees: This card is strong when it comes to fees, too. If you have a strong credit score, your purchase interest rate can be as low as 11.99 percent. Be careful, though: This rate can jump to 17.99 percent if your score is weak. You can also suffer if you trigger the card’s penalty interest rate: It is a staggering 28.99 percent. New cardholders will benefit from an introductory interest rate of 0 percent on all balance transfers for the first six months. Cash-advance fees are either $10 or 4 percent of the advance amount, whichever is higher. Late-payment fees run up to $39, while the returned-payment fee is $35. The over-the-limit fee stands at $39. There is no annual fee.

Pros

  • Can earn three-times the cash-back bonus for business-related purchases.
  • Purchase interest rate low if your credit score is strong.
  • No annual fee.

Cons

  • Penalty interest rate of 28 percent.
  • Purchase interest rate can jump to 17.99 percent if your credit is weak.
The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author's alone.Additionally, the opinions of the commenters are not necessarily the opinions of this site

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