The best BB&T business rewards card is the BB&T Spectrum Travel Rewards for Business Credit Card because it offers 20,000 miles for spending $2,000 in the first 90 days. BB&T Spectrum Travel Rewards for Business Credit Card also gives 2 miles / $1 spent on air travel, hotels and car rentals. The card has an annual fee of $0 intro 1st yr, $49 after.
BB&T Spectrum Travel Rewards for Business Credit Card is one of three BB&T business credit cards. Which is best for you will come down to whether you want cash back, travel rewards or a side of 0% financing. But you should have little difficulty finding one that fits.
Here are the best BB&T business rewards credit cards:
Best for travel rewards - BB&T Spectrum Travel Rewards for Business Credit Card: Annual fee of $0 intro 1st yr, $49 after. 20,000 miles for spending $2,000 in the first 90 days. 2 miles / $1 spent on air travel, hotels and car rentals and 1 mile / $1 on all other purchases. 0% foreign transaction fee. Excellent credit required.
Best for cash back - BB&T Spectrum Cash Rewards for Business credit card: $0 annual fee. 3% cash back on gas, 2% back at restaurants and office supply stores (up to $2,000 monthly spent in the 3% and 2% categories combined), and 1% back on all other purchases. Introductory 0% APR for 9 months on purchases. 3% foreign transaction fee. Excellent credit required.
Best for new business financing - BB&T Bright for Business Credit Card: $0 annual fee. Introductory purchase APR of 0% for 12 months. 3% foreign transaction fee. Excellent credit required.
The best BB&T business rewards cards each offer something unique. But there are alternatives for business owners looking for longer 0% introductory APRs and more lucrative rewards.
Columbia Bank Visa® Business Card offers an introductory purchase APR of 0% for 20 months. And that’s matched by an introductory balance transfer APR of 0% for 20 months, subject to a 3% (min $5) balance transfer fee. And Capital One® Spark® Cash for Business offers 2% cash back on all purchases and a $500 bonus for spending $4,500 in the first 3 months.
The best rewards a BB&T credit card has come from the BB&T Spectrum Cash Rewards Credit Card; this card gives 3% cash back on gas, 2% cash back on utilities and groceries on up to $1,000 of combined monthly spend, and 1% cash back on all other purchases. With this card, you also get 10% bonus cash when you redeem rewards into your BB&T checking or savings account.… read full answer
The BB&T Spectrum Cash Rewards Credit Card also offers an intro APR of 0% for 12 months for both purchases and balance transfers. Its regular APR is 13.24% - 22.24% (V) and it has a 3% (min $10) balance transfer fee.
If you are a frequent traveler, you should opt for the BB&T Spectrum Travel Rewards Credit Card. Among other travel related perks, this card offers 2 miles per $1 spent on air, hotel and car rentals, 1 mile per $1 spent on all other purchases. It is also worth noting that miles redeemed for travel worth 75% more. Its annual fee is: $0 intro 1st yr, $89 after.
BB&T rewards can be redeemed for merchandise, gift cards, cash back, airline tickets, hotel bookings, auto rental bookings, cruises, and more. You can redeem your rewards at the BB&T rewards website.
Yes, you can redeem business credit card rewards for personal use.
While it may sound like an attractive idea, financial professionals don't recommend mixing your business and personal accounts, especially if you are not the only owner of your organization. Credit card rewards are generally not taxable, but the IRS will expect you to subtract them from your business expenses report. And if your business is a corporation or an LLC, earning rewards on personal expenses may threaten your liability protections, so your personal assets can be at risk. It’s best to set rules on what can be charged to your company cards.… read full answer
It’s also worth keeping in mind that business credit cards are not covered under the CARD Act. So certain protections like being notified before an interest rate increase do not apply to business credit cardholders. However, many issuers have extended CARD Act protections to include business credit cards. But this is not a legal requirement.
Cash back works on credit cards by returning a percentage of the money you spend on purchases as a reward. Some cash back credit cards reward cardholders with the same percentage back on every type of purchase. Others give bonus cash back in designated spending categories. Most cash back credit cards give cardholders the choice of redeeming cash back rewards earnings for a statement credit to pay part of the account balance, a paper check, gift cards and more. In some cases, you can also redeem a credit card’s cash back rewards for a bank account deposit.… read full answer
The best cash back credit cards require good or excellent credit for approval, though there are options for people of all credit levels. Similarly, some cards charge annual fees in return for higher earning rates, but many cash rewards cards have no annual fee.
More generally, cash back is one of the three big types of credit card rewards. The others are points and miles, which you’ll see more often with travel cards. On that note, a credit card doesn’t have to be a “cash back credit card” to give cash back. Plenty of rewards credit cards, including some that offer miles and points, have cash back as a redemption option. Redeeming travel rewards for cash back often results in a lower redemption rate, however. True cash back rewards earned with a cash back credit card, on the other hand, are very versatile and don’t fluctuate in value. You can learn more below.
Here’s how cash back works on credit cards:
Cash back with every purchase: The average cash rewards card offers about 1% back on all purchases. Some cards offer more cash back in certain spending categories.
Chances for extra cash back: Many cash back credit cards offer initial rewards bonuses for spending a certain amount within the first few months your account is open. Some cards also have bonuses for referring a friend or meeting an annual spending threshold.
Redeeming your cash: Cash rewards can usually be redeemed for a statement credit, check or direct deposit. You may also be able to redeem for a bank account deposit and set up automatic redemption.
Restrictions: Some credit card companies make you earn a minimum amount of cash back before you can redeem.
Cash back expiration: Sometimes, credit card cash back will expire a certain number of months after you earn it or after your card has been inactive for a certain period of time. Usually, it won’t expire as long as your card stays open.
Rewards devaluation: Unlike points and miles, whose value is set by the card issuer, cash back can’t be devalued.
Fees. Most cash back credit cards have no annual fee. Many have no foreign transaction fee. Some charge both types of fees, however.
Ultimately, you can check our editors’ latest picks for the best cash back cards on the market to weigh your options.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.