Community Banks of Colorado Visa® Business Cash Preferred Credit Card Review for 2023
This article is part of a larger series on Best Small Business Credit Cards.
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.
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.
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
Intro APR
0% APR for the first six billing cycles
Regular APR
19.24% to 28.24% variable
Annual Fee
$0
Credit Needed
Good
- 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
- With sign-up bonus
- 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.
Intro APR
0% APR for the first six billing cycles
Regular APR
19.24% to 28.24% variable
Annual Fee
$0
Credit Needed
Good
- 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
- With sign-up bonus
- 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 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 from 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:
- 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
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/advanced, 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 within 24 to 30 days after the close of each billing cycle.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card Rewards
- $25 cash back bonus 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
- 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 or as a deposit into a savings or checking account. You can also use your cash back for a rewards card. Each option requires a $25 minimum redemption amount and must be redeemed in increments of $25.
How To Make Payments on the Community Banks of Colorado Visa® Business Cash Preferred Credit Card
- 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 touchtone phone.
- Online: Log in to your account at www.myaccountaccess.com.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card Features
- Management benefits: Community Banks of Colorado can help you build your credit history in no time and protect you against terminated employees’ misuse of up to $100,000.
- Online reporting with spend analysis: The card provides 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 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. Zero fraud liability protects you from fraudulent use of your card or account information if your card is lost or stolen, and 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, so check the terms and conditions detailed in the guide of your credit card.
- Purchase protection: Items purchased with this card are protected against damage and theft for 90 days. Check the terms and conditions in the guide of 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 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.
- Travel and emergency assistance: In case of an emergency when you’re traveling, you can call the 24-hour Visa Assistance Center at (800) VISA-911 for assistance or information. You can also call the hotline to report a lost or stolen card and request an emergency card replacement, medical and legal referrals, and transportation assistance. The cardholder will be responsible for any fees associated with these services.
Community Banks of Colorado Visa® Business Cash Preferred Credit Card Alternatives
American Express Blue Business CashTM
The American Express Blue Business Cash™ Card
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- 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% intro 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.
Intro APR
0% on purchases
Regular APR
18.49% - 26.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- 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% intro 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.
- American Express Blue Business CashTM is best for those who want better cash back rewards and a longer 0% introductory APR period
- Lets you earn 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% cash back earned is credited to your statement automatically
- Offers a 0% introductory APR on purchases for the first 12 months
- Doesn’t charge annual fees
- Is our best cash back business credit card and our leading business credit card for the self-employed
U.S. Bank Business Platinum Card
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases and balance transfers
Intro APR
Regular APR
17.24% - 26.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- 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.
Intro APR
Regular APR
17.24% - 26.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- 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.
- U.S. Bank Business Platinum Card is a viable alternative for those who are looking to finance large purchases
- Offers a 0% introductory APR for the first 18 months on both purchases and balance transfers
- Doesn’t charge annual fees
- Lacks rewards for new and existing cardholders
- Is our top-recommended 0% APR business credit card and business credit card with a balance transfer offer
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
0% APR for 15 billing cycles
Intro APR
Regular APR
19.24% - 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone 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 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 purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
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 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.
Intro APR
Regular APR
19.24% - 28.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone 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 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 purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 19.24% - 28.24%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
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 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 Business Triple Cash Rewards World Elite Mastercard® is optimal for those wanting the same set of rewards with a longer 0% introductory APR
- Offers 0% introductory APR on both purchases and balance transfers for the first 15 billing cycles
- Has no annual fees
- Lets you earn 5% cash back on prepaid hotels and car rentals directly booked in the Rewards Center, 3% cash back on eligible purchases at gas and electric vehicle (EV) charging stations, office supply stores, cell phone service providers, and restaurants, and 1% cash back on all other net purchases
- Is our leading business credit card with no annual fee and one of our best business credit card balance transfer offers and business credit cards that don’t report to personal credit
Visit our guide to the best small business credit cards for additional options.
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.
