Editor’s note: This is a recurring post with regularly updated card details.
The Interra Credit Union Business Rewards Plus MasterCard® Credit Card is exclusive to members of Interra Credit Union, which has 15 branches across Indiana. The card has no annual fee and comes with a special introductory annual percentage rate (APR) of 5.99% on balance transfer transactions for the first 15 months of card ownership. On top of that, it offers unlimited cash back rewards and a welcome bonus on your purchases.
Interra Credit Union Business Rewards Plus MasterCard® Credit Card
BEST FOR:
Interra Credit Union members who want to maximize their business purchases
- 3% on purchases from gas and restaurants, with an annual cap of $150
- 1% on all other purchases
Pros
- Does not charge 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
- Interra Credit Union is only located in selected areas in Indiana
- Limited rewards
- 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.
- 3% on purchases from gas and restaurants, with an annual cap of $150
- 1% on all other purchases
Pros
- Does not charge 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
- Interra Credit Union is only located in selected areas in Indiana
- Limited rewards
- 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.
When grading fixed-rate cash back business credit cards like the Interra Credit Union Business Rewards Plus MasterCard® Credit Card, we first consider both the introductory and ongoing rewards. Also, we consider the card’s annual fee, introductory and ongoing APRs, other fees, and other features.
Grading Criteria | Card Score | Highest Possible Score |
---|---|---|
Ongoing Rewards | 20 | 25 |
Introductory Rewards | 10 | 25 |
Annual Fee | 10 | 10 |
Additional Features | 5 | 10 |
Introductory APR | 3 | 10 |
Ongoing APR | 10 | 10 |
Other Fees | 10 | 10 |
Total Score | 68 | 100 |
Who the Interra Credit Union Business Rewards Plus MasterCard® Credit Card Is Best For
- Business owners who are eligible for Interra Credit Union membership: You need to be an Interra Credit Union member to qualify for the card. To be eligible, you need to meet any of the following:
- Live or work in Adams, Allen, DeKalb, Elkhart, Fulton, Grant, Huntington, Jasper, Kosciusko, LaGrange, Lake, LaPorte, Marshall, Miami, Noble, Porter, Pulaski, St. Joseph, Starke, Steuben, Union, Wabash, Wells, or Whitley counties
- Have an immediate family member who is an Interra Credit Union member
- Work for a business or organization that offers Interra membership as a benefit
Interra Credit Union Business Rewards Plus MasterCard® Credit Card Rewards
- 3% account opening bonus, equivalent to $150, after you spend $5,000 in the first 90 days after card approval
- 3% cash back on dining and gas (up to $150 max cash back annually)
- Unlimited 1% cash back on all other purchases
Interra Credit Union Business Rewards Plus MasterCard® Credit Card Rewards Calculator
Use our calculator below to find out how much rewards you can earn from the Interra Credit Union Business Rewards Plus MasterCard® Credit Card. Simply input your expected monthly expenses based on the spending categories—and our calculator will compute the rewards for you. Note that there is an annual cap when entering your expected monthly gas and dining expenses.
How To Redeem Interra Credit Union Business Rewards Plus MasterCard® Credit Card Rewards
You can manage all earned rewards from your Interra Credit Union Business Rewards Plus MasterCard® Credit Card through CURewards. You can redeem rewards for cash back, merchandise, travel, and gift cards from popular retailers. Note that rewards will expire four years from the date they’re earned.
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 to spend and put individual limits on their employees’ cards.
- Zero liability fraud protection: You will not be held liable for any fraudulent transactions made with your card.
- Travel accident insurance: You can benefit from insurance if your travels are purchased with the Interra Credit Union Business Rewards Plus MasterCard® Credit Card.
Interra Credit Union Business Rewards Plus MasterCard® Credit Card Fees
APR
- Introductory: 5.99% on balance transfers for the first 15 months after account opening
- Ongoing, balance transfers, and cash advances: 18.99%, 22.99%, or 24.99% variable, which will adjust with the prime rate (no minimum interest charged)
Fees
- Annual Fee: $0
- Cash advance and ATM transaction: Either $10 or 2% of the amount of the advance, whichever is greater, with a maximum fee of $500
- Foreign transaction: Up to 1% of each transaction in United States dollars (USD)
- Replacement/additional: $7
- Card check/draft copy: $3
- Statement copy: $1
- Rush card: $30
- Card Center phone payment, additional report, and returned payments: $5
- More than five cards per account: $5 for each card
- Late payment: $25
- Returned payment: $5
Your due date is at least 25 days after the close of each billing cycle.
- Online: Log in to Interra’s online banking and click “bill pay.”
- Automatic payments: You can set up automatic payments from your checking account, making managing your credit card payments easier.
- Phone: Call the number found on the back of your card. Note that there’s a $5 fee whenever you make credit card payments via phone.
- Nearest branch: Go to the Interra Credit Union location nearest to you.
- 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 Alternatives
American Express Blue Business CashTM
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 CashTM
- You need to spend over your credit limit: This card features Expanded Buying Power, letting you spend over your credit limit when you need to. The amount you can spend will vary depending on your credit card usage, payment behavior, credit score, and financial situation.
- You prefer to earn automatic cash back: The cash back you will earn from this card will be automatically credited to your billing statement—no need for manual redemption.
Other Benefits
- $0 annual fee
- $250 statement credit after you spend $3,000 within 90 days of card ownership
- 2% cash back on the first $50,000 per calendar year, then 1% cash back when you reach the cap
- 0% APR on purchases for the first 12 billing cycles after opening an account
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 the U.S. Bank Business Platinum Card
- You need to make a substantial purchase or consolidate debts from other cards: This card offers 0% APR on both purchase and balance transfer transactions for the first 18 billing cycles after opening an account. This is one of the longest 0% APR offers available for business credit cards.
Other Benefits
- $0 annual fee
- Lower ongoing APR compared to most other business credit cards
Bank of America Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
9 billing cycles
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
9 billing cycles
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
When To Consider the Business Advantage Travel Rewards World Mastercard®
- Your business requires you to travel frequently: It offers 3x points per dollar when you book your travel through the Bank of America® Travel Center. Plus, you can make purchases outside the country without having to pay foreign transaction fees.
- If you have a Bank of America business checking account: If you have a Bank of America business checking account and can qualify for the Preferred Rewards for Business program, you can earn up to 75% more rewards.
Other Benefits
- $0 annual fee
- 30,000 bonus points after spending at least $3,000 in the first 90 days
- Unlimited 1.5x points on all other purchases on top of the 3x points for travel
Frequently Asked Questions (FAQs)
Yes, you can take a cash advance with your business credit card at any ATM that bears the Mastercard logo. You will need to enter your PIN for this transaction. To set your PIN, call Interra or the number on the back of your card or visit Mastercard online.
Yes. To activate your new business credit card, you need to call (800) 527-7728.
Yes, although international transactions are charged with up to 1% fee in US dollars. Also, it’s important to note that some countries, including Cuba, Iran, Iraq, Liberia, Macedonia, Myanmar (Burma), North Korea, Romania, Sudan, the Syrian Arabian Republic, and Zimbabwe, block credit card purchases for your security. Call Interra before traveling abroad to avoid any unintentional blocks or false fraud alerts.
Bottom Line
Consider the Interra Credit Union Business Rewards Plus MasterCard® Credit Card if you’re already a member of the Interra Credit Union. You will earn rewards on your daily purchases, which you can redeem for cash back, merchandise, travel, and gift cards offered by CURewards’ popular retailers. Keep in mind that the card doesn’t have any interest-free financing options for purchases and balance transfers and charges $5 if you need more than five cards per account.