Interra Credit Union Business Rewards Plus MasterCard® Credit Card Review
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.
Interra Credit Union Business Rewards Plus MasterCard® Credit Card is a small business credit card for Interra Credit Union members, and it offers cash back rewards of 3% on dining and gas and 1% on all other purchases. There’s also a welcome offer of 15,000 points (valued at $150) after spending at least $5,000 within the first 90 days after card approval. It doesn’t have annual and application fees.
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.
Interra Credit Union Business Rewards Plus MasterCard® Credit Card
BEST FOR:
Interra Credit Union members who want to maximize their business purchases
Intro APR
Regular APR
14.99% to 20.99% variable
Annual Fee
None
Credit Needed
Good to Excellent
- 3% on purchases from gas and restaurants, with an annual cap of $150
- 1% on all other purchases
Pros
- No annual and application fees
- Charges low regular APR for purchases, balance transfers, and cash advances
Cons
- No interest-free financing option for both purchases and balance transfers
- Only available for members of Interra Credit Union
- Limited rewards
- Charges employee cards after the first free five
- Accessible customer service: Interra Credit Union offers a local connection and 24/7 member service to their cardholders.
- Zero fraud liability: This business credit card ensures security to their cardholders from possible fraudulent transactions.
- Travel accident insurance: You can avail insurance in the event that your travels were purchased with the Interra Credit Union Business Rewards Plus MasterCard® Credit Card.
Intro APR
Regular APR
14.99% to 20.99% variable
Annual Fee
None
Credit Needed
Good to Excellent
- 3% on purchases from gas and restaurants, with an annual cap of $150
- 1% on all other purchases
Pros
- No annual and application fees
- Charges low regular APR for purchases, balance transfers, and cash advances
Cons
- No interest-free financing option for both purchases and balance transfers
- Only available for members of Interra Credit Union
- Limited rewards
- Charges employee cards after the first free five
- Accessible customer service: Interra Credit Union offers a local connection and 24/7 member service to their cardholders.
- Zero fraud liability: This business credit card ensures security to their cardholders from possible fraudulent transactions.
- Travel accident insurance: You can avail insurance in the event that your travels were purchased with the Interra Credit Union Business Rewards Plus MasterCard® Credit Card.
How We Evaluate Cash Back Business Credit Cards
When grading fixed-rate cash back business credit cards like the Interra Credit Union Business Rewards Plus MasterCard® Credit Card, we first consider the ongoing rewards and rate the introductory rewards as the second-biggest factor. Also, we take into account the annual fees, introductory and ongoing annual percentage rates (APRs), and additional features.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 10 | 20 |
Additional Features | 8 | 15 |
Annual Fee | 15 | 15 |
Introductory APR | 0 | 10 |
Ongoing APR | 10 | 10 |
Total Score | 63 | 100 |
Who the Interra Credit Union Business Rewards Plus MasterCard® Credit Card Is Best For
- Interra Credit Union members who want to maximize their business purchases: Consider this card if you want to earn 3% on purchases made on gas and at restaurants (capping at $150) and unlimited 1% on all other purchases.
If this card doesn’t fit your needs, then see our guide to the leading small business credit cards. You may also want to visit our Credit Card Marketplace for our evaluation of other business credit cards.
Interra Credit Union Business Rewards Plus MasterCard® Credit Card Fees
APR
- Introductory APR: 1.9% on balance transfers for the first 15 months after account opening
- Ongoing APR for purchases, balance transfers, and cash advances: 14.99% to 20.99% variable, which will adjust with the prime rate
- Due date: At least 25 days after the close of each billing cycle
- Minimum interest charge: None
Fees
- Annual and application fees: None
- Cash advance and ATM transaction fees: Either $10 or 2% of the amount of the advance, whichever is greater with a maximum fee of $500
- Foreign transaction fees: Up to 1% of each transaction in United States dollars
- Replacement/additional fees: $7
- Card check/draft copy: $3
- Statement copy: $1
- Rush card: $30
- Card Center phone payment: $5
- Additional report: $5
- More than five cards per account: $5 for each card
- Late payment fee: $25
- Returned payment: $5
Interra Credit Union Business Rewards Plus MasterCard® Credit Card Rewards
- Welcome offer of 15,000 points (valued at $150) after spending $5,000 or more within the first 90 days after card approval
- 3% on purchases from gas and restaurants, with an annual cap of $150
- Unlimited 1% on all other purchases
You can manage all earned rewards from your Interra Credit Union Business Rewards Plus MasterCard® Credit Card through CURewards. You can redeem earned points for cash back, merchandise, travel, and gift cards from popular retailers. Note that points will expire four years from the date they’re earned.
How To Make Payments on the Interra Credit Union Business Rewards Plus MasterCard® Credit Card
- Online: Log in to Interra’s online banking and click “bill pay” to pay all of your monthly bills, including your credit card.
- Automatic payments: You can set up automatic payments from your checking account, making it easier to manage your credit card payments.
- Phone: Call the number found on the back of your card. Note that there’s a $5 fee whenever you pay your credit card via phone.
- Nearest branch: Go to the nearest Interra Credit Union location to make your credit card payments.
- Mail: You can send your credit card payment to the following address:
PO Box 71050
Charlotte, NC 28272-1050
Interra Credit Union Business Rewards Plus MasterCard® Credit Card Features
- Accessible customer service: Interra Credit Union offers a local connection and 24/7 member service to their cardholders.
- Employee cards: Primary cardholders can manage spending and put individual limits on their employees’ cards.
- Zero fraud liability: This business credit card ensures security from possible fraudulent transactions.
- Travel accident insurance: You can benefit from insurance if your travels are purchased with the Interra Credit Union Business Rewards Plus MasterCard® Credit Card.
Pros & Cons of the Interra Credit Union Business Rewards Plus MasterCard® Credit Card
| PROS | CONS |
|---|---|
| Lacks annual and application fees | Doesn’t offer an interest-free financing option for both purchases and balance transfers |
| Charges relatively low regular APR for purchases, balance transfers, and cash advances at 14.99% to 20.99% variable, which will adjust with the prime rate | Is only available for Interra Credit Union members |
| Offers a welcome bonus for new cardholders of 15,000 bonus points—valued at $150 after spending $5,000 or more within the first 90 days after account opening | Limits high rewards to purchases made in gas stations and restaurants |
| Charges additional employee cards after the first free five | |
Interra Credit Union Business Rewards Plus MasterCard® Credit Card Alternatives
Chase Ink Business Unlimited®
Chase Ink Business Unlimited® is our top-recommended small business credit card and best credit card for new businesses with no credit history as it offers unlimited 1.5% cash back rewards on all business-related purchases and has interest-free financing on purchases of 0% for the first 12 months after opening an account. On top of this, new cardholders get an introductory bonus of $750 in cash back after spending $7,500 on purchases within the first three months of account opening.
Ink Business Unlimited® 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:
Pocketing 1.5% cash back on every single purchase
Intro APR
0% Intro APR on Purchases
Regular APR
16.24% - 22.24% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Intro APR
0% Intro APR on Purchases
Regular APR
16.24% - 22.24% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
American Express Blue Business CashTM
American Express Blue Business CashTM is our best cash back business credit card as you can earn 2% cash back on all eligible purchases up to $50,000 per calendar year and 1% when $50,000 cap is met, making it a good option for those wanting to maximize the rewards earned when using their business credit card. It doesn’t charge annual fees and has expanded buying power, allowing you to spend over your credit limit when needed. However, it doesn’t allow cash advances, which is a disadvantage for those who need to take out a cash advance from time to time.
American Express Blue Business Cash™ 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 who want better cash back rewards
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 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.
- 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 as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No 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
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- 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.
- 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 as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No 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.
U.S. Bank Business Platinum
U.S. Bank Business Platinum is our best 0% APR business credit card as it offers an introductory APR of 0% on both purchases and balance transfers for the first 18 billing cycles, making it a great alternative for those wanting a longer interest-free financing period. It also doesn’t charge any annual fees, making it easier for business owners to calculate their spending. It doesn’t have any introductory and ongoing rewards for its new and existing cardholders, and you’ll need Good/Excellent credit scores to qualify.
U.S. Bank Business Platinum 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:
Extended 0% APR period on purchases and balance transfers
Intro APR
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.24%-25.24%.
- 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
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Intro APR
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.24%-25.24%.
- 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
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Bottom Line
Consider the Interra Credit Union Business Rewards Plus MasterCard® Credit Card if you’re already a member of the Interra Credit Union. It offers 3% on purchases made in gas stations and restaurants, with a cap of $150, and 1% on all other purchases. What makes it unique is you can redeem earned rewards through cash back, merchandise, travel, and gift cards offered by CURewards’ popular retailers. It should be noted, though, that it doesn’t have any interest-free financing option for purchases and balance transfers and charges $5 if you need more than 5 cards per account.
If this isn’t the right card for your business, head over to our Credit Card Marketplace.
