Bank of Oklahoma Visa® Business Cash Preferred Card Review for 2022
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This article is part of a larger series on Best Small Business Credit Cards.
The Bank of Oklahoma Visa® Business Cash Preferred Credit Card is a basic cash back credit card that offers unlimited rewards without charging an annual fee. It’s designed for business owners who have existing business savings or checking accounts with Bank of Oklahoma. This small business credit card offers Visa-specific benefits, including extended warranty and purchase protection.
To see how this card stacks up against others that we have reviewed on our site, click Add to Compare on the card below and select up to two additional cards for comparison.
Bank of Oklahoma Visa® Business Cash Preferred Card
Intro APR
0% APR for the first six billing cycles
Regular APR
14.24% to 23.24% variable
Annual Fee
$0
Credit Needed
Good
- $25 cash back awarded after making your first purchase
- $100 annual software credit after 11 consecutive monthly software transactions
- Earn 3% cash back on gas, cell phone services, office supplies, and dining expenses; and 1% on all other purchases
Pros
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short 0% APR period
- No 0% APR on balance transfers
- Rewards do expire
- Free employee cards with individual credit limits
- Protection against terminated employees’ misuse up to $100,000
- Free online reporting with spend analysis to help you make informed decisions about your expenses
Intro APR
0% APR for the first six billing cycles
Regular APR
14.24% to 23.24% variable
Annual Fee
$0
Credit Needed
Good
- $25 cash back awarded after making your first purchase
- $100 annual software credit after 11 consecutive monthly software transactions
- Earn 3% cash back on gas, cell phone services, office supplies, and dining expenses; and 1% on all other purchases
Pros
- Sign-up bonus
- No annual fee
- Unlimited rewards
Cons
- Short 0% APR period
- No 0% APR on balance transfers
- Rewards do expire
- Free employee cards with individual credit limits
- Protection against terminated employees’ misuse up to $100,000
- Free online reporting with spend analysis to help you make informed decisions about your expenses
How We Evaluate Cash Back Business Credit Cards
When evaluating cash back business credit cards like the Bank of Oklahoma Visa® Business Cash Preferred Credit Card, we first take into account the ongoing and introductory rewards. We also consider the annual fee, introductory and ongoing annual percentage rates (APRs), and other card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 10 | 20 |
Annual Fee | 15 | 15 |
Additional Features | 15 | 15 |
Introductory APR | 5 | 10 |
Ongoing APR | 7 | 10 |
Total Score | 72 | 100 |
Who Is The Bank of Oklahoma Visa® Business Cash Preferred Credit Card Best For?
- Business owners who prefer to earn cash back: The Bank of Oklahoma Visa® Business Cash Preferred Credit Card offers cash back rewards on everyday business purchases.
- Business owners who pay for software subscriptions: You’ll receive a $100 annual software credit when you use this card to pay for a software subscription for 11 consecutive months.
Bank of Oklahoma Visa® Business Cash Preferred Credit Card Fees
- Introductory APR: 0% APR on purchases for the first six billing cycles after opening an account
- Ongoing APR: 14.24% to 23.24% variable
- Annual fee: $0
- Balance transfer fee: $5 or 3% of the amount transferred, whichever is higher
- Foreign transaction fee: 2% of each foreign transaction in United States dollars or 3% of each foreign transaction in a foreign currency
- Cash advance fee: $10 or 4% of the amount of each transaction, whichever is greater—APR is 26.24%
How to Make Payments on the Bank of Oklahoma Visa® Business Cash Preferred Credit Card
- Auto Pay: You can set up an automatic monthly withdrawal from your Bank of Oklahoma checking or savings account to pay your credit card bill.
- By Phone: Call (866) 552-8855 to make your payment.
- Online: Log in to your account at www.myaccountaccess.com.
Bank of Oklahoma Visa® Business Cash Preferred Credit Card Rewards
- $25 cash back bonus after making your first purchase
- 3% cash back on eligible purchases at gas stations, cell phone service providers, office supply stores, and restaurants
- Unlimited 1% cash back on all other eligible purchases
- $100 annual software credit after spending on software subscriptions for 11 consecutive months
You can redeem your cash rewards in the form of a statement credit, a deposit into your savings or checking account, or a rewards card. You need to redeem a minimum of $25, and redemption must be in increments of $25. You can also use your rewards when you check out with PayPal via Pay with Rewards.
Bank of Oklahoma Visa® Business Cash Preferred Credit Card Additional Features
Online Reporting With Spend Analysis
The Bank of Oklahoma Visa® Business Cash Preferred Credit Card provides a free online tool that allows you to review your credit card spending on a monthly, quarterly, annual, or year-to-date basis. You can view your expenses by total spending, average ticket, or merchant and download an account summary of up to 36 months of data.
Fraud Protection & Zero Fraud Liability
Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly. The bank will notify you of any unusual card activity. Zero fraud liability protects you from fraudulent use of your card or account information if your card is lost or stolen. You won’t be responsible for any unauthorized purchases.
Extended Warranty
The extended warranty will double the manufacturer’s warranty on purchases made with your card. Certain conditions and exclusions apply. Check the terms and conditions detailed in the guide included with your credit card.
Purchase Protection
When you use your Bank of Oklahoma Visa® Business Cash Preferred Credit Card to make purchases, the items purchased are protected for 90 days against both damage and theft. Check the terms and conditions detailed in the guide included with your credit card for certain exclusions.
Auto Rental Collision Damage Waiver Insurance
You’re covered with auto rental collision damage waiver insurance when you charge your entire car rental to your Visa business credit card. You need to decline the rental company’s collision damage waiver option to receive 24-hour coverage for damage due to collision or theft.
Travel & Emergency Assistance
When you’re traveling, you can call the 24-hour Visa Assistance Center at (800) VISA-911 for assistance or information in case of an emergency. This hotline can help you report a lost or stolen card and receive an emergency card replacement, medical and legal referrals, and transportation assistance. The cardholder will be responsible for any fees associated with these services.
Pros & Cons of The Bank of Oklahoma Visa® Business Cash Preferred Credit Card
| PROS | CONS |
|---|---|
| Sign-up bonus: You will earn $25 after you make your first purchase using your Bank of Oklahoma Visa® Business Cash Preferred Credit Card. | Short 0% APR period: The Bank of Oklahoma Visa® Business Cash Preferred Credit Card only offers a 0% introductory APR for the first six billing cycles. |
| Unlimited rewards: You can earn cash back on everyday purchases without caps or limits on the amount you can earn. | No 0% APR on balance transfers: The zero-interest period does not cover balance transfers, which is a drawback for those who need to transfer a balance from an existing credit card. |
| No annual fee: This small business credit card comes with no annual fee, helping you minimize your overall credit cost. | Rewards expire: Your cash back rewards will expire after five years. |
Bank of Oklahoma Visa® Business Cash Preferred Credit Card Alternatives
PNC Cash Rewards® Visa Signature® Business Credit Card
The PNC Cash Rewards® Visa Signature® Business Credit Card is a good alternative if you want to earn unlimited fixed-rate cash back and a sign-up bonus. It offers a 0% APR period on purchases for the first nine billing cycles and comes with a low ongoing APR that ranges from 10.99% to 19.99%.
PNC Cash Rewards® Visa Signature® Business Credit Card
BEST FOR:
PNC Bank account holders who want to earn cash back rewards
Intro APR
0% for 9 billing cycles
Regular APR
10.99% to 19.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® Benefits: This card comes with Visa travel benefits and protection for purchases.
Intro APR
0% for 9 billing cycles
Regular APR
10.99% to 19.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $250 cash bonus for spending $3,000 in the first three billing cycles
- 0% APR on purchases for the first nine billing cycles after opening an account
- Earn 1.5% cash back on all purchases
- No annual fee
Pros
- No annual fee
- Sign-up bonus
- Low ongoing APR
Cons
- Short 0% APR period
- No 0% APR period on balance transfers
- Online application not available for nonaccount holders
- Cash Flow Insight®: This tool helps you monitor your spending categories so you can plan your budget.
- Business integrations: You can download your transactions into Excel®, Quicken® or QuickBooks®, or use .csv files.
- Visa Signature® Benefits: This card comes with Visa travel benefits and protection for purchases.
American Express Blue Business CashTM
The American Express Blue Business CashTM card offers a 0% introductory APR for 12 months on all purchases and a $250 statement credit after spending $3,000 within the first three months after opening an account. You can earn 2% cash back on all eligible purchases, up to $50,000 per calendar year.
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
Intro APR
0% on purchases
Regular APR
13.99% - 21.99% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
13.99% - 21.99% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1% cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to American Express and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 13.99% - 21.99%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power, when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
U.S. Bank Triple Cash Rewards World Elite Mastercard®
The U.S. Bank Triple Cash Rewards World Elite Mastercard® offers a 0% APR for the first 15 billing cycles for both purchases and balance transfers as well as $500 cash back after spending $4,500 in the first 150 days after opening an account.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
0% for first 15 billing cycles
Regular APR
14.74% - 23.74% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone service providers, and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
- No limit on total cash back earned
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% to 23.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
0% for first 15 billing cycles
Regular APR
14.74% - 23.74% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Limited Time Offer: Earn $500 in cash back. Just spend $4,500 on the Account Owner's card in the first 150 days of opening your account.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cellphone service providers, and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center.
- No limit on total cash back earned
- Rewards never expire
- Earn an annual $100 statement credit for recurring software subscription expenses, such as FreshBooks or QuickBooks.
- 0% Intro APR on purchase and balance transfers for 15 billing cycles. After that, a variable APR currently 14.24% to 23.24%.
- No annual fee
- Pay over time by splitting eligible purchases of $100-plus into equal monthly payments with U.S. Bank ExtendPay™Plan.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional 1 year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
All of these cards made it to our best small business credit cards list, where you can find other great alternatives.
Bottom Line
The Bank of Oklahoma Visa® Business Cash Preferred Credit Card is best for business owners who have an account with the Bank of Oklahoma. You can earn unlimited cash back that can also be redeemed through checkout with PayPal.
If this card isn’t right for you, visit our Credit Card Marketplace to find other options that might be a better fit.
