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Bank of Oklahoma Visa® Business Real Rewards Credit Card, issued by Elan Financial Services, is designed for those with Bank of Oklahoma business savings or checking accounts wanting to earn fixed-rate rewards on all categories. On top of letting you earn 1.5X points on all eligible net purchases, it offers a 0% introductory Annual Percentage Rate (APR) on both purchases and balance transfers.
Bank of Oklahoma Visa® Business Real Rewards Credit Card
BEST FOR:
Those with existing checking or savings account with Bank of Oklahoma wanting to earn fixed-rate rewards
- 2,500 bonus points after making your first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings
- Unlimited 1.5 points (equal to 1.5% cash back) on all other eligible net purchases
Pros
- Welcome offer
- Fixed-rate points rewards on all eligible net purchases
- There’s no limit on the number of points you can earn
Cons
- Offers short intro APR period on both purchases and balance transfers
- Rewards expire five years from the end of the quarter in which they earned
- Online reporting with spend analysis: Bank of Oklahoma provides a free online tool that allows you to review your credit card spending on a monthly, quarterly, annual, or year-to-date basis.
- Fraud protection and zero fraud liability: Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly.
- Auto rental collision damage waiver: You’re covered with auto rental collision damage waiver insurance when you charge your entire car rental to your Visa business credit card.
- Travel and 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.
- 2,500 bonus points after making your first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings
- Unlimited 1.5 points (equal to 1.5% cash back) on all other eligible net purchases
Pros
- Welcome offer
- Fixed-rate points rewards on all eligible net purchases
- There’s no limit on the number of points you can earn
Cons
- Offers short intro APR period on both purchases and balance transfers
- Rewards expire five years from the end of the quarter in which they earned
- Online reporting with spend analysis: Bank of Oklahoma provides a free online tool that allows you to review your credit card spending on a monthly, quarterly, annual, or year-to-date basis.
- Fraud protection and zero fraud liability: Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly.
- Auto rental collision damage waiver: You’re covered with auto rental collision damage waiver insurance when you charge your entire car rental to your Visa business credit card.
- Travel and 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.
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When grading points rewards business credit cards like the Bank of Oklahoma Visa® Business Real Rewards Credit Card, we consider the ongoing and introductory rewards, annual fee, introductory and ongoing APRs, and additional card features.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 10 | 20 |
Annual Fee | 15 | 15 |
Features | 10 | 15 |
Introductory APR | 5 | 10 |
Ongoing APR | 7 | 10 |
Total Score | 67 | 100 |
Who the Bank of Oklahoma Visa® Business Real Rewards Credit Card Is Best For
- Those who prefer fixed-rate rewards: It offers unlimited, fixed-rate points for all purchases, regardless of spending categories.
- Those with business savings or checking accounts with Bank of Oklahoma: If you already do business with the provider, getting this card allows you to manage all your transactions in one bank.
Bank of Oklahoma Visa® Business Real Rewards Credit Card Rewards
- 2,500 bonus points after making your first purchase
- 1.5X points (equal to 1.5% cash back) on all eligible net purchases, with no caps or limits on the points you can earn
Bank of Oklahoma Visa® Business Real Rewards Credit Card Calculator
Use our calculator to compute the potential points you might earn from using the Bank of Oklahoma Visa® Business Real Rewards Credit Card. Note that for this card, 1.5 points is equivalent to 1.5% cash back.
How to Redeem Bank of Oklahoma Visa® Business Real Rewards Credit Card Rewards
You can redeem your earned points as either a cash deposit to a Bank of Oklahoma savings or checking account or a statement credit to your credit card amount. Note that for points to reflect in your account, it will take:
- Seven business days if you opt for a cash deposit
- One to two billing cycles if you choose statement credit
While there is no limit on the number of points you can earn, you have five years from the end of the quarter in which they are earned to redeem them. Points will be reflected in your account within each billing cycle.
Bank of Oklahoma Visa® Business Real Rewards Credit Card Features
- Free employee cards: Issue employee cards at no additional cost to keep track of employee expenses and earn as many rewards as possible
- Online reporting tools: Get access to Bank of Oklahoma’s online reporting tools to view credit card spending by category, transaction type, and period (month, quarter, or year)
- Zero fraud liability: Be assured that Elan Financial Services will provide protection against unauthorized transactions
- Card ExtendPay plan: Split purchases in affordable payments with no interest; note that new cardmembers can receive a $0 fee on ExtendPay plans opened within the first 60 days after account opening
Bank of Oklahoma Visa® Business Real Rewards Credit Card Fees
APR
- Introductory: 0% on both purchases and balance transfers for the first six billing cycles; for balance transfers, intro APR will apply for balances transferred within 186 days from the date of account opening
- Ongoing and balance transfers: 18.49% to 27.49% variable, which will adjust with the prime rate
- Cash advance: 31.49% variable, which will adjust with the prime rate
- Penalty
This will apply until you make 6 consecutive minimum payments when due and do not exceed your Credit Limit during that time period.
: 31.74% variable, which will adjust with the prime rate; will be applied to your account if you do one of the following:
- Made a payment five calendar days late twice
- Made a payment 30 calendar days once
- Made a returned payment
- Exceeded your credit limit twice in 12 consecutive months
Fees
- Annual: $0
- Balance transfer and convenience check cash advance: Either $5 or 3% of the amount of each transfer/advance, whichever is higher
- Foreign transaction: 3% of each foreign transaction
- Cash advance, cash advance ATM, and cash equivalent advance: Either $10 or 4% of the amount of each transaction, whichever is greater
- Overdraft protection: $10
- Late payment: $41
- Returned payment: $35
- Overlimit: $39
Your due date is 24 to 30 days after the close of each billing cycle.
- Online: Log in to your account at www.myaccountaccess.com.
- AutoPay: You can set up an automatic monthly withdrawal from a Bank of Oklahoma checking or savings account.
- Phone: Call 800-234-6181 and follow the prompts to pay your bill.
- In-person: Visit the nearest Bank of Oklahoma branch.
Bank of Oklahoma Visa® Business Real Rewards Credit Card Alternatives
American Express Blue Business® Plus
The Blue Business® Plus Credit Card from American Express
BEST FOR:
Pocketing 2x points per $1 and 0% introductory APR for 12 months
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% - 25.74%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Terms and limitations apply.
- You’ve got the power to spend beyond your credit limit* with Expanded Buying Power. *The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply.
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
- Earn 15,000 Membership Rewards® points after you spend $3,000 in eligible purchases on the Card within your first 3 months of Card Membership.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.74% - 25.74%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%
- Earn 2X points on everyday business purchases such as office supplies or client dinners. 2X applies to the first $50,000 in purchases per year, 1 point per dollar thereafter. Terms and limitations apply.
- You’ve got the power to spend beyond your credit limit* with Expanded Buying Power. *The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply.
Pros
- $0 annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer
- Expanded buying power
- Fixed-rate rewards
Cons
- Cash advances aren’t allowed
- Charges foreign transaction fees
- 2x points rewards are capped at $50,000 in spending
- Expanded buying power: The card lets you spend beyond your credit limit through this feature. The amount you can spend above your credit limit adjusts with your card usage, payment history, credit record, financial resources, and other factors.
- Purchase protection: Items purchased using this card are covered in case they’re damaged or stolen within 90 days of the date of purchase. American Express will reimburse you for the amount charged to your eligible card, up to $1,000 per claim and $50,000 per cardmember, per year.
- Extended warranty protection: American Express provides cardholders with an extended warranty for one additional year, which applies to items with original manufacturer warranties of five years or less.
Consider the American Express Blue Business® Plus if you are looking for an alternative points-based rewards credit card. It lets you earn 2x points on the first $50,000 in annual purchases and allows you to spend beyond your credit limit when needed through its expanded buying power.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back on selected spending categories
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- 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 one 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.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- 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 one 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.
- U.S. Bank ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® is an excellent alternative if you wish to earn up to 5% cash back in selected spending categories. You can also divide eligible purchases into fixed monthly payments through its ExtendPay® Plan and enjoy a 0% introductory period on purchases for the first 12 billing cycles.
Ramp Credit Card
Ramp Credit Card
BEST FOR:
Those who are using Ramp as their main financial management tool
- Up to 1.5% cash back on purchases, regardless of spending categories
Pros
- Offers rewards for cardholders
- Does not charge additional fees
- Offers direct integrations to notable accounting tasks
Cons
- Requires paying balances in full each month
- Is unavailable to sole proprietors and unincorporated businesses
- Travel and emergency assistance services: Call the Benefit Administrator at (800) 397-9010 if you are in the United States or (303) 967-1093 if you are outside of the US if you need emergency assistance.
- Purchase security: Receive a maximum of $10,000 per claim and $50,000 per cardholder in cases of theft or damage to purchases made with your card.
- Auto rental collision damage waiver: When using this card for renting a car, you can be reimbursed for damages caused by theft or collision up to the Actual Cash Value of most rented cars. Note that rental periods of 31 consecutive days are covered.
- Extended warranty protection: Extend warranties for eligible purchases made with your covered account and/or rewards programs associated with your account.
- Up to 1.5% cash back on purchases, regardless of spending categories
Pros
- Offers rewards for cardholders
- Does not charge additional fees
- Offers direct integrations to notable accounting tasks
Cons
- Requires paying balances in full each month
- Is unavailable to sole proprietors and unincorporated businesses
- Travel and emergency assistance services: Call the Benefit Administrator at (800) 397-9010 if you are in the United States or (303) 967-1093 if you are outside of the US if you need emergency assistance.
- Purchase security: Receive a maximum of $10,000 per claim and $50,000 per cardholder in cases of theft or damage to purchases made with your card.
- Auto rental collision damage waiver: When using this card for renting a car, you can be reimbursed for damages caused by theft or collision up to the Actual Cash Value of most rented cars. Note that rental periods of 31 consecutive days are covered.
- Extended warranty protection: Extend warranties for eligible purchases made with your covered account and/or rewards programs associated with your account.
If you need a corporate charge card that offers a robust expense management system, then we suggest the Ramp Credit Card. It also lets you earn 1.5% cash back on all purchases and allows you to issue unlimited physical and virtual cards. You can also secure a 20x higher credit limit compared with most traditional business credit cards.
Frequently Asked Questions (FAQs)
Bank of Oklahoma is located in the following states:
- Arizona
- Arkansas
- Colorado
- Kansas
- Missouri
- New Mexico
- Oklahoma
- Texas
Within Oklahoma, the bank is located in the following areas:
- Bartlesville
- Bixby
- Broken Arrow
- Edmond
- Enid
- Eufaula
- Grove
- Jenks
- Lawton
- McAlester
- Midwest City
- Muskogee
- Norman
- Oklahoma City
- Owasso
- Sand Springs
- Tulsa
- Yukon
Yes, you can request a credit limit increase for your Bank of Oklahoma Visa® Business Real Rewards Credit Card. Either call Bank of Oklahoma’s ExpressBank at 800-234-6181 or go to the nearest branch to make a request.
Bottom Line
Bank of Oklahoma Visa® Business Real Rewards Credit Card is a great choice for those wanting fixed-rate rewards on their business purchases and those with existing business savings or checking accounts with Bank of Oklahoma. It lets you enjoy $0 annual fees, fixed-rate points rewards on all eligible net purchases, and a 0% introductory period on purchases and balance transfers.
