Capital One is giving cash to business owners that carry their new “Business No Hassle Cash Premier” card. According to a news release, the lender’s latest business credit card “offers a market-leading 2% cash back on every purchase every day.” That, along with its numerous other perks, makes it a pretty appealing piece of plastic to have in your wallet.
The Business No Hassle Cash Premier card comes at a time when the competition for consumer credit is growing more and more heated, with issuers offering astonishing teaser rates and such tantalizing perks. Savvy lenders have stepped up their game in attempting to entice new small business cardholders as well, by presenting them with opportunities to enjoy the enhanced rewards and special introductory offers.
“We are committed to providing a range of resources and solutions uniquely tailored to give small businesses more so they can achieve more. This card, hands down, offers the most cash rewards of any small business credit card on all purchases, along with custom features to make a small business owner’s life easier so they can focus on running their business,” saidRajsaday Dutt, the Sr. Director of Capital One’s Small Business Card division, in a news release.
In addition to the 2% cash back on all purchases, the card has a reasonable 13.9 percent variable annual percentage rate and “no expirations, no enrollment programs required to earn rewards, no spending minimums, no limit to the cash back amount you can earn, and no alternating special rewards categories,” as detailed in the news release. The $59 annual fee is waived for the first year.
There are also several other perks for users to potentially enjoy, including a one-time $100 bonus for spending $1,000 on purchases within the first 3 months and a one-time $50 bonus for signing up one or more employees as authorized users within 60 days of opening an account.
“Small business owners are busy and don’t have time to worry about high maintenance rewards cards that require they shop at certain retailers, or continually enroll and re-enroll in various programs,” said Dutt in the news release. “Small business owners want simplicity and value, and no major competitor has as high a cash back rate across all purchases as our new small business cash back card.”