Community Banks of Colorado Visa Business Real Rewards 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 Real Rewards Credit Card is designed for business owners with an existing account with Community Banks of Colorado. This small business credit card does not charge annual fees and offers unlimited fixed-rate points rewards. It also offers Visa-specific benefits such as extended warranty, purchase protection, and travel and emergency assistance.
Community Banks of Colorado has 40 branches spread across the state.
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 Real Rewards Credit Card
BEST FOR:
Those who prefer fixed-rate rewards
Intro APR
0% APR for the first six billing cycles on purchases and balance transfers
Regular APR
19.24% to 28.24% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- 2,500 bonus points after making your first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings
- Unlimited 1.5 points for every eligible net dollar you spend
Pros
- With sign-up bonus
- Offers unlimited fixed-rate points rewards
- Does not 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 on purchases and balance transfers
Regular APR
19.24% to 28.24% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- 2,500 bonus points after making your first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings
- Unlimited 1.5 points for every eligible net dollar you spend
Pros
- With sign-up bonus
- Offers unlimited fixed-rate points rewards
- Does not 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 evaluating points rewards business credit cards like the Community Banks of Colorado Visa® Business Real Rewards Credit Card, we first weigh the ongoing and introductory rewards. We also take into account 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 | 7 | 10 |
Ongoing APR | 6 | 10 |
Total Score | 73 | 100 |
Who The Community Banks of Colorado 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 existing Community Banks of Colorado 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 isn’t what you’re looking for.
Community Banks of Colorado Visa® Business Real Rewards Credit Card Rewards
- 2,500 bonus points First purchase bonus points will only be awarded to the Authorized Officer. These will be credited within six to eight weeks after the first purchase. after making your first purchase, redeemable for $25 cash back, merchandise, gift cards, or travel savings
- Unlimited 1.5 points for every eligible net dollar you spend, which is equal to 1.5% cash back
Community Banks of Colorado Visa® Business Real Rewards Credit Card Calculator
Find out how much you can earn from the Community Banks of Colorado Visa® Business Real Rewards Credit Card based on your estimated monthly expenses. Use our rewards calculator to compute your potential rewards—enter your expected monthly spending, and our calculator will do the rest.
How To Redeem Rewards From Community Banks of Colorado Visa® Business Real Rewards Credit Card
Earned points can be redeemed as a cash deposit to a checking or savings account within seven business days or as a statement credit to your credit card account within one or two billing cycles.
Community Banks of Colorado Visa® Business Real Rewards Credit Card Features
Management Benefits
- Build credit history: This card can help build your credit history as it requires no minimum operating 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: The card 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 even view your expenses by total spending, average ticket, or merchant and download an account summary with up to 36 months 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 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 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: Ensures 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. 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 while you’re traveling, you can call the 24-hour Visa Assistance Center at (800) VISA-911 for assistance or information. You can also call 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 fees associated with these services.
Billing Options
- Central bill: This is 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 cardmember. 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 Real Rewards 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 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: 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 US dollars
- 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.
- Autopay: 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.
- In person: Go to the nearest Community Banks of Colorado branch to pay your credit card bills.
When To Consider Community Banks of Colorado Visa® Business Real Rewards Credit Card Alternatives
You Are Intending to Spend Beyond Your Credit Limit
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.
Consider the American Express Blue Business Cash if you are intending to spend beyond your credit limit as it offers expanded buying power, which allows you to exceed your credit limit after meeting certain conditions. On top of this, you will get a 0% introductory period on purchases (for the first 12 billing cycles) and premium cash back rewards on all eligible purchases. For this reason, this card is our leading cash back business credit card and one of our recommended small business credit cards.
You Need a Cash Back Business Credit Card with a Long 0% Introductory Period
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.
Despite offering fixed-rate points rewards, Community Banks of Colorado Visa® Business Real Rewards Credit Card offers a short 0% introductory period on both purchases and balance transfers. If you still want to earn rewards and have a long 0% introductory period, our recommendation is the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®. It offers a long 0% introductory period on purchases and balance transfers (for the first 15 billing cycles) and premium rewards on selected spending categories. This card made it in our roundup of the best cash back business credit cards and the best credit cards for new businesses with no credit history.
You Prefer Another Community Banks of Colorado Business Credit 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
Intro APR
Regular APR
21.24% to 26.24% variable
Annual Fee
$95 (waived for the first year)
Credit Needed
Good to Excellent
- 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.
Intro APR
Regular APR
21.24% to 26.24% variable
Annual Fee
$95 (waived for the first year)
Credit Needed
Good to Excellent
- 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.
Community Banks of Colorado Visa® Business Real Rewards Credit Card will not let you earn more rewards on your top two spend categories as it offers fixed-rate points rewards. If you are looking for an alternative Community Banks of Colorado Business Credit Card, our alternative is the Community Banks of Colorado Smart Business Rewards Visa Signature® Card. Not only will it let you automatically earn premium points on your top two spend categories, but it also gives a high sign-up bonus after meeting spending requirements.
Frequently Asked Questions (FAQs)
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 the writing of this article, Community Banks of Colorado does not offer any online account openings as they only accept applications in the nearest local banking center.
Community Banks of Colorado offers small business checking and savings accounts. Both accounts 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 Real Rewards Credit Card is a good option if you have an existing account with the Community Banks of Colorado and want to earn fixed-rate points rewards. Not only does it have a 0% introductory APR on both purchases and balance transfers for the first six billing cycles, but it also offers unlimited 1.5 points on eligible net purchases. It also has a sign-up bonus with a low spending requirement.
