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M&T Business Rewards Credit Card

Credit needed
Good
APR
12.24% to 19.24%
Annual Fee
$0

Card Summary

M&T Business Rewards Credit Card: This credit card is for small and mid-sized businesses. All purchases are eligible for unlimited 1.5% cashback. After making 500 purchases within the first 90-days of opening an account, you can get 10,000 bonus points.

M&T Business Rewards Credit Card has no foreign transaction fees, and a $0 per year fee.

The Best Features:

You can earn 1.5% Cash Back on All Purchases with the M&T Credit Card Business Rewards.

Foreign transaction fees waived: M&T Business Rewards Credit Card does not charge a foreign transaction fee. This is unlike most credit cards that have a 3% fee for cash advances or purchases abroad.

Drawbacks:

Penalty Fees: M&T Business Rewards Card Holders can face penalties of up to $25 for any returned payments. For late payments, it can be up to $35.

The card has a high balance transfer fee. This fee is 4% or $10 depending on the amount that was transferred. Other cards may charge either a balance transfer fee equal to 3%, or $5.

Card Summary - Cons

Rates and fees

Issuer Name
M&T Bank
Penalty APR
24.99%
Credit Needed
Good
Balance Transfer Fee
Minimum $10, 4% on each balance transfer
Annual Fee
$0
Cash Advance Fee
Minimum $10, 3% on each transaction
APR
12.24% to 19.24%
Foreign Transaction Fee
None
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Here’s a smart way to pay off

M&T Bank

The Best Features

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

Every purchase receives unlimited 1.5% cashback. After spending $500 within the first 90 days, you earn 10,000 bonus points.

There is no annual charge. You can add employee cards to your account at no extra cost. Also, you have the ability to limit spend for each user. Chip technology is accepted worldwide.

There are many options to pay, transfer money, and review your account details. Pay conveniently at thousands of shops around the globe with Apple Pay, Google Pay or Samsung Pay. Simply add your card to an eligible Samsung, Android, iPhone, or other compatible device. No foreign transaction fees to save.

M&T Business Rewards Credit Card benefits: M&T Business Rewards Credit Cards offer a variety of benefits, including:

Employee cards are free.
M&T Assurance allows for detection, prevention and resolution of fraud.

Maximizing Rewards

You can maximize the rewards of your M&T Business Rewards credit card by using it to pay for business expenses.

Every purchase earns you unlimited 1.5% cash back If you spend $500 within the first 90-days of opening an account, 10,000 bonus points will be earned.

Benefits

Comparative Analysis with Other Cards

M&T Business Reward Credit Card vs. M&T Business Rewards Credit Card vs. Ink Business Cash credit card

Annual Fee: There is no annual fee for the card.

Reward: All purchases qualify for unlimited 1.5% cashback with the M&T Business Rewards credit card. The Ink Business Cash Credit Card offers 5% cashback on your first $25,000 in office supplies, internet, phone, or cable purchases. You also get 2% cash back for the first $25,000 worth of gasoline and restaurant purchases. All other purchases are 1%.

Sign up bonus: When you spend $500 within the first 90 days, your M&T Business Rewards Credit Card will give you a 10,000 point bonus. If you spend $7,500 within the first three months of account opening, then you can get a $750 cashback sign-up bonus.

Benefits: M&T Business Rewards Credit Card provides benefits such as free employee cards, no foreign transaction fees and zero interest. Ink Business Cash Credit Card provides benefits such as purchase protection, extended warranty coverage and waivers for auto collision damage. It also offers travel and emergency assistance.

M&T Business Rewards Credit Card Vs. Bank of America's Business Advantage Cash Rewards credit cards

Annual Fee: There is no annual fee for the card.

Reward: Every purchase of the M&T Business Rewards credit card earns you an unlimited 1.5% cash back Card Holders of the Bank of America Business Advantage cash rewards credit card get 3% cashback in any category, such as gas stations, office supplies stores, travel and TV, telecommunications, wireless services, business services or consulting services. Earn 2% cashback on dining, and 1% on any other eligible purchases. You can earn 3% or 2% cashback on purchases up to $50,000 each in dining and combined category categories (otherwise, 1%).

Sign-up bonus: New cardholders receive 10,000 bonus points when they open an account with M&T Business Rewards Credit Card. This is after spending $500 within the first 90-days. New cardholders of the Bank of America Business Advantage Cash Reward credit card receive a $300 bonus statement credit for net purchases of $3,000 within 90 days of account opening.

Benefits: M&T Business Rewards Credit Card provides benefits such as free employee cards, and zero foreign transaction fees. If you connect your Bank of America Business Advantage Cash rewards credit card, cardholders have access to benefits such as travel and emergency assistance and cash management tools. Overdraft protection is also available.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

M&T Bank