Bank of Oklahoma Visa® Business Real Rewards Credit Card Review for 2023
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
Bank of Oklahoma Visa® Business Real Rewards Credit Card is designed for business owners wanting to earn fixed-rate rewards without having to keep track of spending categories and those with existing business savings or checking accounts with Bank of Oklahoma. This small business credit card has no annual fee and comes with Visa-specific benefits like extended warranties, purchase protection, and travel assistance.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Bank of Oklahoma Visa® Business Real Rewards Credit Card
BEST FOR:
Those who prefer fixed-rate rewards
Intro APR
0% APR for the first six billing cycles
Regular APR
17.74% to 26.74% variable
Annual Fee
$0
Credit Needed
Good
- 2,500 bonus points after making your first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings
- Unlimited 1.5 cash back on all other eligible purchases, with no caps or limits on the points you can earn
Pros
- With sign-up bonus
- No annual fee
- No caps or limits on the cash back 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 insurance: 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.
Intro APR
0% APR for the first six billing cycles
Regular APR
17.74% to 26.74% variable
Annual Fee
$0
Credit Needed
Good
- 2,500 bonus points after making your first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings
- Unlimited 1.5 cash back on all other eligible purchases, with no caps or limits on the points you can earn
Pros
- With sign-up bonus
- No annual fee
- No caps or limits on the cash back 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 insurance: 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.
How We Evaluate Points Rewards Business Credit Cards
When grading points rewards business credit cards like the Bank of Oklahoma Visa® Business Real Rewards Credit Card, we rate the ongoing and introductory rewards first. We also consider the annual fee, introductory and ongoing annual percentage rates (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 | 15 | 15 |
Introductory APR | 5 | 10 |
Ongoing APR | 7 | 10 |
Total Score | 72 | 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 of your transactions in one bank.
Check out our recommended alternatives below if this card isn’t what you’re looking for.
Bank of Oklahoma Visa® Business Real Rewards Credit Card Fees
APR
- Introductory APR on purchases: 0% for the first six billing cycles after opening an account
- Introductory APR on balance transfers: 0% for the first six billing cycles for balances transferred within 186 days of account opening
- Ongoing APR on purchases and balance transfers: 17.74% to 26.74% variable, which will adjust with the prime rate
- Cash advance APR: 29.74% variable, which will adjust with the prime rate
- Penalty APR: 30.99% 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 or 30 calendar days once
- Made a returned payment
- Exceeded your credit limit twice in 12 consecutive months
Penalty APR will apply until you make six consecutive minimum payments when due and don’t exceed your credit limit during that period.
Fees
- Annual: $0
- Balance transfer and convenience check cash advance: Either $5 or 3% of the amount transferred, whichever is higher
- Foreign transaction: Either 2% of each foreign transaction in United States dollars or 3% of each foreign transaction in a foreign currency
- 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:
- $19 on balances up to $100
- $29 on balances from $100 to $250
- $39 on balances of $250 or more
- Returned payment: $35
- Overlimit: $39
Your due date is 24 to 30 days after the close of each billing cycle.
Bank of Oklahoma Visa® Business Real Rewards Credit Card Rewards
- 2,500 bonus points after making your first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings
- Unlimited 1.5 cash back on all other eligible purchases
You can redeem your rewards as a cash deposit to a Bank of Oklahoma checking or savings account or as a statement credit to your credit card bill. Points earned will remain in your account for five years until the end of the quarter in which they were earned. When you redeem points, the earliest-earned points are used first.
How To Make Payments on the Bank of Oklahoma Visa® Business Real Rewards Credit Card
- Online: Log in to your account at www.myaccountaccess.com.
- Auto Pay: You can set up an automatic monthly withdrawal from a Bank of Oklahoma checking or savings account to pay your credit card bill.
- Phone: Call (866) 552-8855.
Bank of Oklahoma Visa® Business Real Rewards Credit Card Features
- 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 (YTD) 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 and zero fraud liability: Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly, and the bank will notify you of any unusual card activity. Meanwhile, if your card is lost or stolen, Zero fraud liability protects you from fraudulent use of your card or account information, and you won’t be responsible for any unauthorized purchases.
- Extended warranty: This will double the manufacturer’s warranty on purchases made with your card. Certain conditions and exclusions apply, so check the terms and conditions detailed in the guide included with your credit card.
- Purchase protection: Items purchased with this card are protected against damage and theft for 90 days. 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 insurance when you charge your rental to this card. Decline the rental company’s collision damage waiver option to receive 24-hour coverage for damage due to collision or theft.
- 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. You can also call to report a lost or stolen card and request emergency card replacement, medical and legal referrals, and transportation assistance. The cardholder will be responsible for any fees associated with these services.
Bank of Oklahoma Visa® Business Real Rewards Credit Card Alternatives
American Express Blue Business® Plus
The Blue Business® Plus Credit Card from American Express
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.
BEST FOR:
Pocketing 2x points per $1 and 0% introductory APR for 12 months
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- 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.
- Earn 2X Membership Rewards® 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.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *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 us, and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% - 25.49%, based on your creditworthiness and other factors at account opening.
- No Annual Fee
- Terms Apply
Pros
- No annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer bonus points
- 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.
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- 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.
- Earn 2X Membership Rewards® 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.
- You’ve got the power to use your Card beyond its credit limit* with Expanded Buying Power.
- *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 us, and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 17.49% - 25.49%, based on your creditworthiness and other factors at account opening.
- No Annual Fee
- Terms Apply
Pros
- No annual fee
- 0% APR for 12 months on purchases and balance transfer
- Welcome offer bonus points
- 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.
- American Express Blue Business® Plus is a great alternative for those wanting to earn points with a flexible credit limit through Expanded Buying Power
- Offers 0% introductory APR on purchases for the first 12 billing cycles
- Doesn’t charge annual fees
- Lets you earn 2x points on the first $50,000 in purchases each year, then 1x point on all purchases thereafter
- Is one of our recommended high-limit business credit cards, business credit cards for the self-employed, and sole proprietorship business credit cards
Wells Fargo Business Platinum Credit Card
Wells Fargo Business Platinum Credit 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.
BEST FOR:
Those with a Wells Fargo checking or savings account that has been open for at least one year
Intro APR
0%
Regular APR
Prime + 7.99% to Prime + 17.99% on purchases
Annual Fee
$0
Credit Needed
Good to Excellent
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent
- Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No annual card fee, plus up to 99 employee cards (no additional fee)
- Cash management tools
- Spending reports available online
- Online banking and bill payment options
Pros
- Cardholders can choose between cash back or points in earning rewards
- With an interest-free financing period for the first nine billing cycles
- Can create up to 99 employee cards at no additional cost
Cons
- Cash back rewards are distributed on a quarterly basis
- You’ll need a Wells Fargo checking or savings account that has been open for at least one year to qualify
- Travel and emergency assistance services: Available for Visa cardholders 24 hours a day, 365 days a year. Specific services and their details can be found here.
- Extended warranty protection: Warranty coverages can be doubled up to one additional year on eligible warranties of three years or fewer.
- Employee cards: You can create up to 99 employee cards at no additional cost
- Zero liability protection and fraud monitoring: Can be fully reimbursed for unauthorized purchases or ATM transactions. In addition, Wells Fargo proactively monitors your business accounts to prevent fraudulent use of your card.
Intro APR
0%
Regular APR
Prime + 7.99% to Prime + 17.99% on purchases
Annual Fee
$0
Credit Needed
Good to Excellent
- Get a one-time $300 cash back bonus or 30,000 bonus points when you enroll in the Business Card Rewards Program and spend $3,000 in the first three months of account open date
- Earn 1.5% cash back on every $1 spent
- Earn 1 point on every $1 spent and receive 1,000 bonus points when your company spend is $1,000 or more in any monthly billing period
- No annual card fee, plus up to 99 employee cards (no additional fee)
- Cash management tools
- Spending reports available online
- Online banking and bill payment options
Pros
- Cardholders can choose between cash back or points in earning rewards
- With an interest-free financing period for the first nine billing cycles
- Can create up to 99 employee cards at no additional cost
Cons
- Cash back rewards are distributed on a quarterly basis
- You’ll need a Wells Fargo checking or savings account that has been open for at least one year to qualify
- Travel and emergency assistance services: Available for Visa cardholders 24 hours a day, 365 days a year. Specific services and their details can be found here.
- Extended warranty protection: Warranty coverages can be doubled up to one additional year on eligible warranties of three years or fewer.
- Employee cards: You can create up to 99 employee cards at no additional cost
- Zero liability protection and fraud monitoring: Can be fully reimbursed for unauthorized purchases or ATM transactions. In addition, Wells Fargo proactively monitors your business accounts to prevent fraudulent use of your card.
- Wells Fargo Business Platinum Credit Card is best for those looking for flexibility on how they can earn rewards
- Lets you choose to earn either cash back (1.5% for every dollar spent) or points (1 point for every dollar spent) on qualifying purchases
- Offers a 0% introductory APR on purchases and balance transfers for the first nine billing cycles
- Doesn’t charge annual fees
- Is our best business credit card that doesn’t report to personal credit and one of our leading business credit cards for the self-employed and sole proprietorship business credit cards
Bank of Oklahoma Visa® Business Cash Preferred
Bank of Oklahoma Visa® Business Cash Preferred Card
BEST FOR:
Those with existing business savings or checking accounts with Bank of Oklahoma
Intro APR
0%
Regular APR
17.74% to 26.74% variable
Annual Fee
None
Credit Needed
Good
- 3% cash back on eligible purchases at gas stations, cell phone service providers, office supply stores, and restaurants, with no caps or limits on the cash back you can earn
- Unlimited 1% cash back on all other eligible purchases, with no caps or limits on the cash back you can earn
- $100 annual software credit after spending on software subscriptions for 11 consecutive months
Pros
- With sign-up bonus
- No annual fee
- No caps or limits on the cash back 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 & Zero Fraud Liability: Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly.
- 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.
- 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.
Intro APR
0%
Regular APR
17.74% to 26.74% variable
Annual Fee
None
Credit Needed
Good
- 3% cash back on eligible purchases at gas stations, cell phone service providers, office supply stores, and restaurants, with no caps or limits on the cash back you can earn
- Unlimited 1% cash back on all other eligible purchases, with no caps or limits on the cash back you can earn
- $100 annual software credit after spending on software subscriptions for 11 consecutive months
Pros
- With sign-up bonus
- No annual fee
- No caps or limits on the cash back 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 & Zero Fraud Liability: Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly.
- 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.
- 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.
- Bank of Oklahoma Visa® Business Cash Preferred Credit Card is suited for those who have existing business savings or checking account with Bank of Oklahoma
- Offers a 0% introductory APR on purchases and balance transfers for the first six billing cycles
- Doesn’t charge annual fees
- Lets you earn 1% cash back on all eligible purchases
Visit our Credit Card Marketplace and check our guide to the best small business credit cards for additional options.
Bottom Line
Bank of Oklahoma Visa® Business Real Rewards Credit Card is a great choice for those who want fixed-rate rewards on their business purchases, with no caps or limits on the points earned, and those with existing business savings or checking accounts with Bank of Oklahoma. Not only does it have an interest-free financing option on both purchases and balance transfers, but it also doesn’t charge annual fees. You can earn 1.5 points for every eligible dollar spent and receive bonus rewards points of 2,500 after your first purchase.
