Community Banks of Colorado Visa® Business Cash Preferred Credit Card is designed for business owners with an existing deposit account with Community Banks of Colorado and those who prefer to earn unlimited cash back. This small business credit card comes with no annual fee and Visa-specific benefits, such as extended warranty, purchase protection, and emergency assistance.
Community Banks of Colorado has 40 branches spread across the State of Colorado.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card
BEST FOR:
Those with existing Community Banks of Colorado accounts wanting to earn cash back rewards
- 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and restaurants (including takeout and food delivery service purchases), with no caps or limits on the points you can earn
- Unlimited 1% cash back on all other eligible purchases
- $100 annual software credit after spending on software subscriptions for 11 consecutive months
Pros
- Welcome offer
- Offers premium cash back rewards on selected spending categories
- Doesn’t charge annual fees
Cons
- Offers short 0% introductory period vs. other business credit cards
- Community Banks of Colorado branches is only located within the State of Colorado
- Purchase protection: Items purchased with this card are protected against damage and theft for 90 days
- Extended warranty: The extended warranty will double the manufacturer’s warranty on purchases made with your card
- Account truncation: Ensures your privacy by only displaying the last four digits of your account number and omitting the expiration date from your receipts.
- 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and restaurants (including takeout and food delivery service purchases), with no caps or limits on the points you can earn
- Unlimited 1% cash back on all other eligible purchases
- $100 annual software credit after spending on software subscriptions for 11 consecutive months
Pros
- Welcome offer
- Offers premium cash back rewards on selected spending categories
- Doesn’t charge annual fees
Cons
- Offers short 0% introductory period vs. other business credit cards
- Community Banks of Colorado branches is only located within the State of Colorado
- Purchase protection: Items purchased with this card are protected against damage and theft for 90 days
- Extended warranty: The extended warranty will double the manufacturer’s warranty on purchases made with your card
- Account truncation: Ensures your privacy by only displaying the last four digits of your account number and omitting the expiration date from your receipts.
When grading cash back business credit cards like the Community Banks of Colorado Visa® Business Cash Preferred Credit Card, we first consider the ongoing and introductory rewards. We also rate 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 the Community Banks of Colorado Visa® Business Cash Preferred Credit Card Is Best For
- Those with software subscriptions: You get an annual $100 software credit when you pay for a subscription for 11 consecutive months.
- Those with existing Community Banks of Colorado savings or checking accounts: If you already bank with the provider, getting this card allows you to manage all of your business transactions in one bank.
Check out our recommended alternatives below if this card doesn’t fit your business needs.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card Rewards
- $25 cash back bonus First purchase bonus points will only be awarded to the Authorized Officer. These will be credited within 6 to 8 weeks after the first purchase. after making your first purchase
- Unlimited 3% cash back on eligible purchases at gas stations, cellphone service providers, office supply stores, and restaurants, including takeout and food delivery service purchases with no caps or limits on the amount of cash back earned
- Unlimited 1% cash back on all other eligible purchases with no caps or limits on the amount of cash back earned
- $100 annual software credit after spending on software subscriptions for 11 consecutive months
Note that there is a cap of $200 on individual purchases at gas stations, including electric vehicle (EV) charging stations. Any individual purchases that go beyond $200 will only earn 1% cash back.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card Calculator
Find out how much you can earn from the Community Banks of Colorado Visa® Business Cash Preferred Credit Card based on your estimated monthly expenses. Use our rewards calculator to compute your potential rewards—just enter your expected monthly spending, and our calculator will do the rest.
How To Redeem Rewards From Community Banks of Colorado Visa® Business Cash Preferred Credit Card
You can redeem your cash rewards in the form of a statement credit or as a deposit into a savings or checking account, which will be deposited within one to two billing cycles.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card Features
Management Benefits
- Build credit history: Helps build your credit history with no minimum time for your business.
- Employee misuse protection: Provides you with protection against terminated employees’ misuse of their cards of up to $100,000.
- Online reporting with spend analysis: Comes with a free online tool that lets you review your credit card spending on a monthly, quarterly, annual, or year-to-date (YTD) basis. You can also view your expenses by total spending, average ticket, or merchant and download an account summary with up to 36 months’ worth of data.
- Employee cards: You can issue additional cards either at the time of application or after the account has been established.
Security Benefits
- Fraud protection: Fraud protection helps detect and prevent fraudulent activities by monitoring your account regularly—and Community Banks of Colorado 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 held responsible for any unauthorized purchases.
- Cardmember service: Receive 24/7 service to make inquiries about your card or to report a lost or stolen card.
- Account truncation: This helps ensure your privacy by only displaying the last four digits of your account number and omitting the expiration date from your receipts.
Visa-specific Benefits
- Extended warranty: Doubles the manufacturer’s warranty on purchases made with your card. Note that certain conditions and exclusions apply.
- Purchase protection: Items purchased with this card are protected against damage and theft for 90 days. Certain conditions and exclusions apply.
- Auto rental collision damage waiver insurance: You’re covered with auto rental collision damage insurance when you charge your entire rental to your Visa business credit card. To avail of this, 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 and emergency assistance: You can call the 24-hour Visa Assistance Center at (800) VISA-911 for assistance or information in case of an emergency while traveling. You can also call to report a lost or stolen card and request an emergency card replacement, medical and legal referrals, and transportation assistance. Note that the cardholder will be responsible for fees associated with these services.
Billing Options
- Central bill: The standard billing option that cardmembers will receive for this card. You will only receive one bill that includes a consolidated list of transaction activities made with your card.
- Individual bill: Statements will be sent to each issued card member. Issued card members will be responsible for making the payment. For this option, no bill shall be sent to the Company or Authorized Officer.
- Central bill with memo statement: The Company or Authorized Officer shall receive one bill with the consolidated list of transaction activities and the Company will make the payment. Memo statements will also be sent out to each issued card member.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card Fees
APR
- Introductory on purchases: 0% for the first six billing cycles after opening an account
- Introductory on balance transfers: 0% for the first six billing cycles for balances transferred within 186 days from account opening
- Ongoing and balance transfers: 19.24% to 28.24% variable, which will adjust with the prime rate
- Cash advance: 29.99% variable, which will adjust with the prime rate
- Penalty
Penalty APR will apply until you make six consecutive minimum payments when due and don’t exceed your credit limit during that period.
: 32.49% variable, which will adjust with the prime rate; will be applied to your account if you do one of the following:
- Make a payment five calendar days late twice or 30 calendar days once
- Make a returned payment
- Exceed 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 transferred/advanced, whichever is higher
- Foreign transaction:
- 2% of each foreign transaction in United States dollars (USD)
- 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 within 24 to 30 days after the close of each billing cycle.
- Auto Pay: Set up an automatic monthly withdrawal from your Community Banks of Colorado checking or savings account.
- Phone: Call the automated system at (866) 552-8855 from any touch-tone phone.
- Online: Log in to your account at www.myaccountaccess.com.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card Alternatives
American Express Blue Business Cash
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- 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 us and other factors.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome bonus
- Fixed rate rewards
- $0 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.
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors as determined at the time of account opening. APRs will not exceed 29.99%
- 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 us and other factors.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome bonus
- Fixed rate rewards
- $0 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.
When To Consider American Express Blue Business Cash
- You intend to spend beyond your credit limit: It offers expanded buying power, which allows you to exceed your credit limit after meeting certain conditions.
- You need a 0% introductory period: It gives you a 0% introductory period on purchases for the first 12 billing cycles.
Other Benefits
- Offers 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% cash back after the purchase cap is met
- Charges $0 annual fee
- Lets you add employee cards at no additional cost
The ability to spend beyond your credit limit, fixed-rate cash back rewards, and the 0% introductory period are why the card is our leading cash back business credit card and one of our best small business credit cards. However, it does not offer a 0% introductory period on balance transfers. See our guide to the leading American Express business credit cards for more options from the provider.
U.S. Bank Business Platinum Card
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases and balance transfers
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- 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
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- 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
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
When To Consider U.S. Bank Business Platinum Card
- You intend to make large purchases or transfer balances: It offers a 0% introductory period on purchases and balance transfers for the first 18 billing cycles.
Other Benefits
- Charges $0 annual fee
- Offers ExtendPay® Plan, which allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest charges
Despite not offering rewards, its long 0% introductory period is why the card is our top business credit card for balance transfers and leading 0% APR business credit card. For more options from the same bank, see our list of the top U.S. Bank business credit cards.
Community Banks of Colorado Smart Business Rewards Visa Signature® Card
Community Banks of Colorado Smart Business Rewards Visa Signature® Card
BEST FOR:
Those with existing Community Banks of Colorado accounts who want to earn rewards on top two spend categories
- 20,000 bonus rewards points when you spend just $500 in the first 90 days of account opening (equivalent to $200 cash back)
- 2x points per dollar spent on your top two spend categories each month
- 1x points per dollar spent on all other eligible purchases
Pros
- With sign-up bonus
- Offers unlimited fixed-rate points rewards
- Does not charge annual fees
Cons
- Does not have a 0% introductory period on purchases and balance transfers
- Charges an annual fee after the first year
- Community Banks of Colorado branches is only located within the state of Colorado
- Purchase protection: Items purchased with this card are protected against damage and theft for 90 days
- Extended warranty: The extended warranty will double the manufacturer’s warranty on purchases made with your card
- Auto rental collision damage waiver insurance: You’re covered with auto rental collision damage insurance when you charge your entire 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.
- 20,000 bonus rewards points when you spend just $500 in the first 90 days of account opening (equivalent to $200 cash back)
- 2x points per dollar spent on your top two spend categories each month
- 1x points per dollar spent on all other eligible purchases
Pros
- With sign-up bonus
- Offers unlimited fixed-rate points rewards
- Does not charge annual fees
Cons
- Does not have a 0% introductory period on purchases and balance transfers
- Charges an annual fee after the first year
- Community Banks of Colorado branches is only located within the state of Colorado
- Purchase protection: Items purchased with this card are protected against damage and theft for 90 days
- Extended warranty: The extended warranty will double the manufacturer’s warranty on purchases made with your card
- Auto rental collision damage waiver insurance: You’re covered with auto rental collision damage insurance when you charge your entire 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.
When To Consider Community Banks of Colorado Smart Business Rewards Visa Signature® Card
- You want an alternative Community Banks of Colorado business credit card: It lets you earn premium rewards on your top two spend categories.
Other Benefits
- Offers 2x points per dollar spent on your top two spend categories
- Offers 20,000 bonus points after spending $500 within the first 90 days of account opening
- Charges $0 foreign transaction fee
Note, however, that Community Banks of Colorado Smart Business Rewards Visa Signature® Card charges an annual fee of $95 (waived for the first year).
Frequently Asked Questions (FAQs)
How can I apply for a Community Banks of Colorado small business checking account?
To open a small business checking account with the Community Banks of Colorado, you will need to secure your Business Tax ID and Entity Documents along with your opening deposit. As of writing this article, Community Banks of Colorado does not offer any online account openings as it only accepts applications through a local banking center.
What do I need to know about Business Accounts under the Community Banks of Colorado?
Community Banks of Colorado offers small business checking and savings accounts. Both only need at least $100 to open an account. Note, however, that business checking accounts charge higher service charges and have a higher daily balance than business savings accounts.
Bottom Line
Community Banks of Colorado Visa® Business Cash Preferred Credit Card is a good option if you have an active savings or checking account with Community Banks of Colorado and if you pay for software subscriptions. Not only does it offer a 0% introductory APR on both purchases and balance transfers for the first six billing cycles, but it also lets you earn unlimited 3% cash back on eligible purchases at gas stations, cell phone service providers, office supply stores, and restaurants and unlimited 1% cash back on all other eligible purchases.