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M&T Business Rewards Credit Card comes with a simple rewards program that lets cardholders earn unlimited fixed-rate cash back on all purchases, regardless of expense categories. It doesn’t charge annual or foreign transaction fees and offers 0% introductory APR on purchases and balance transfers for the first 12 billing cycles. Our M&T Business Rewards Credit Card review shows that it is ideal for business owners who have an existing business checking account with M&T Bank.
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M&T Business Rewards Credit Card
BEST FOR:
Those with existing M&T checking or savings account wanting cash back rewards
- Unlimited 1.5% cash back on every purchase
- 0% introductory APR on balance transfers and purchases for 12 billing cycles (a balance transfer fee will apply)
- No annual fee
- Add employee cards at no additional cost, plus ability to manage spend limits for users
- Global acceptance with chip technology
- M&T Assurance® for fraud prevention, detection, and resolution
- Multiple convenient ways to make payments, transfer funds, or review account detail, such as online with M&T Online Banking for Business or via the M&T Mobile App, at an M&T Bank ATM, or in person at any local M&T branch.
- Pay for purchases conveniently with Apple Pay®, Google Pay™, and Samsung Pay at millions of stores around the world by adding your card to a supported iPhone®, Android®, or an eligible Samsung device
- Save with no foreign transaction fee
Pros
- With 0% introductory APR on purchases and balance transfers
- Welcome offer
- Doesn’t charge annual fees
Cons
- Charges high balance transfer fees
- Doesn’t offer unique features that make this business credit card stand out
- M&T Assurance®: M&T Bank helps prevent and detect card fraud, letting you use it confidently.
- Chip technology: Each M&T credit card contains an encrypted microchip. So, when your card is used at a chip-enabled terminal, you’re protected from fraudulent or counterfeit transactions.
- Digital wallet: Your M&T card can be linked to digital wallets like Apple Pay, Google Pay, Samsung Pay, and Garmin Pay. This feature lets you make purchases without your physical card at brick-and-mortar stores and your card details for online payments.
- Employee cards: You can add employee cards at no additional cost and manage each card’s spending limits.
- Unlimited 1.5% cash back on every purchase
- 0% introductory APR on balance transfers and purchases for 12 billing cycles (a balance transfer fee will apply)
- No annual fee
- Add employee cards at no additional cost, plus ability to manage spend limits for users
- Global acceptance with chip technology
- M&T Assurance® for fraud prevention, detection, and resolution
- Multiple convenient ways to make payments, transfer funds, or review account detail, such as online with M&T Online Banking for Business or via the M&T Mobile App, at an M&T Bank ATM, or in person at any local M&T branch.
- Pay for purchases conveniently with Apple Pay®, Google Pay™, and Samsung Pay at millions of stores around the world by adding your card to a supported iPhone®, Android®, or an eligible Samsung device
- Save with no foreign transaction fee
Pros
- With 0% introductory APR on purchases and balance transfers
- Welcome offer
- Doesn’t charge annual fees
Cons
- Charges high balance transfer fees
- Doesn’t offer unique features that make this business credit card stand out
- M&T Assurance®: M&T Bank helps prevent and detect card fraud, letting you use it confidently.
- Chip technology: Each M&T credit card contains an encrypted microchip. So, when your card is used at a chip-enabled terminal, you’re protected from fraudulent or counterfeit transactions.
- Digital wallet: Your M&T card can be linked to digital wallets like Apple Pay, Google Pay, Samsung Pay, and Garmin Pay. This feature lets you make purchases without your physical card at brick-and-mortar stores and your card details for online payments.
- Employee cards: You can add employee cards at no additional cost and manage each card’s spending limits.
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When rating fixed-rate cash back business credit cards like the M&T Business Rewards Credit Card, we first consider the ongoing rewards. We also evaluate the introductory rewards, annual fee, introductory and ongoing APRs, and additional features.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 25 | 30 |
Introductory Rewards | 0 | 20 |
Additional Features | 10 | 15 |
Annual Fee | 15 | 15 |
Introductory APR | 10 | 10 |
Ongoing APR | 8 | 10 |
Total Score | 68 | 100 |
Who the M&T Business Rewards Credit Card Is Best For
- Those who want to earn unlimited, fixed rewards: The card offers 1.5% cash back on all purchases, regardless of category spending.
- Those with an existing business checking account with M&T Bank: If you have an M&T business checking account, you can link your credit card as overdraft protection in case you have insufficient funds to cover your checking account transactions. Read our M&T business checking account review for more information.
Not the card that you’re looking for? Check out our recommended alternatives below for other options.
M&T Business Rewards Credit Card Rewards
- 1.5% cash back on all purchases
Earn unlimited cash back without tiers, caps, or rotating categories. In addition, rewards do not expire, but your rewards balance may be forfeited a month after your account becomes inactive.
M&T Business Rewards Credit Card Rewards Calculator
Know how much you can earn with the M&T Business Rewards Credit Card. Use our calculator below to compute your potential cash back rewards. Just input your expected monthly expenses and let our calculator do the rest.
How to Redeem M&T Business Rewards Credit Card Rewards
You can redeem your cash back rewards as a statement credit or a direct deposit to your M&T savings or checking account or apply your rewards to specific transactions made using your card. You can also use your rewards to shop for gift cards, electronics, and a variety of merchandise, or redeem them for travel, including flights, hotel stays, car rentals, or exclusive events.
M&T Business Rewards Credit Card Features
Security
- M&T Assurance®: Secure assistance on prevention, detection, and resolution of card fraud—which lets you use your card with confidence.
- Chip technology: Receive an M&T credit card containing an encrypted microchip. So, when you use your card at a chip-enabled terminal, you’re protected from fraudulent or counterfeit transactions.
- Visa Zero Liability policy: Be protected against unauthorized charges. Note that this will not apply in situations such as gross negligence or fraud, delay in reporting unauthorized use, investigation and verification of claim, and account standing and history.
Convenience
- Digital wallet: Link your M&T card to digital wallets, such as Apple Pay, Google Pay, Samsung Pay, and Garmin Pay, so you can easily make payments without your card.
- Employee cards: Add free employee cards at no additional cost and manage each card’s spending limits.
M&T Business Rewards Credit Card Fees
APR
- Introductory: 0% APR for 12 billing cycles on purchases and balance transfers
- Ongoing: Between 15.49% and 22.49% variable, which will adjust with the prime rate
- Balance transfer: Between 18.49% and 25.49% variable, which will adjust with the prime rate
- Cash and overdraft advances: 29.49% variable, which will adjust with the prime rate
- Penalty: 29.99%; will be applied if you did not pay your balance beyond 60 days and will continue to apply until you make six consecutive minimum payments when due
Fees
- Annual: None
- Balance transfer: Either $10 or 4% of each balance transfer, whichever is higher
- Cash advance: Either $10 or 3% of each transaction, whichever is higher
- Foreign transaction: None
- Overdraft transfer: $8 for each transaction, but charged no more than once per day
- Late payment: Up to $35
- Unpaid convenience checks and returned payment: Up to $25
Your due date is at least 25 days after the close of each billing cycle.
- M&T Online Banking for Business: Use the online banking portal to make payments, transfer funds, and review your account details.
- M&T Mobile Banking: Pay bills instantaneously via the app, which is available for iOS and Android users.
- Nearest M&T Bank branch: Pay your bills through a local M&T branch or ATM. See M&T’s branch locator to find one in your area.
M&T Business Rewards Credit Card Alternatives
American Express Blue Business Cash™ Card
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, 17.74% – 25.74%, 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.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- 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. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
- 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, 17.74% – 25.74%, 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.
- The amount you can spend above your credit limit is flexible, so it adapts with your use of the Card, your payment history, credit record, financial resources known to us, and other factors. Just remember, the amount you can spend with Expanded Buying Power is not unlimited.
- No Annual Fee
- Terms Apply
Pros
- 0% introductory annual percentage rate (APR)
- Welcome offer
- 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. (Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.)
Consider the American Express Blue Business CashTM Card if you are looking for a card that lets you spend beyond your credit limit through its expanded buying power. It also offers a simple rewards program where your cash back is automatically credited to your statement without the need for manual redemption.
U.S. Bank Business Platinum Card
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases
- 0% Intro APR on purchases 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
- Enjoy $0 annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- No 0% APR offer on balance transfers
- 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 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
- Enjoy $0 annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- No 0% APR offer on balance transfers
- 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.
We suggest the U.S. Bank Business Platinum Card if you want a card with a long 0% introductory period on purchases and are not in need of cash back rewards. It also lets you pay off balances in fixed monthly payments over time through the U.S. Bank ExtendPay® Plan.
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back on selected spending categories
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 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.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- 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 ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations (transactions of $200 or less)*, office supply stores, cell phone service providers and restaurants (*excludes discount stores/supercenters and wholesale clubs).
- 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.
- Redeem Cash Rewards right away or save them for later. Cash Rewards do not expire as long as the account remains active.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.
- Terms and conditions apply.
Pros
- 0% purchase APR for 12 months
- $0 annual fee
- U.S. Bank ExtendPay® Plan feature
Cons
- No 0% APR on balance transfers
- Charges balance transfer and foreign transaction fees
- 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 ExtendPay® Plan: Pay off your eligible balance over time with this feature without interest—just pay a small monthly fee
If you want to earn premium cash back on selected spending categories, then we recommend the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®. While the card does not offer a 0% introductory period on balance transfers, you can earn up to 3% cash back on selected spending categories and receive $100 credit on recurring software subscription expenses like FreshBooks or QuickBooks.
Frequently Asked Questions (FAQs)
You can schedule an appointment online or call 1-866-236-1219 to apply for an M&T Business Rewards Credit Card. Note that online applications are not available.
Yes, you can use your own design to customize your business credit card at no additional fee. To do this, you must have your M&T Business Credit or Debit Card number ready, upload a photo on the M&T Bank website, and confirm your design.
You need to go to rewards.mtb.com website to redeem your rewards for cash, travel, gift cards, or merchandise. Just log in to your M&T online banking account and select your preferred redemption option.
Bottom Line
M&T Business Rewards Credit Card offers fixed-rate, unlimited cash back on every purchase with no annual fee. It is ideal for business owners who don’t want to monitor bonus category expenses. Note that other business credit cards offer longer introductory APR periods, can let you spend beyond your credit limit, and maximize the spending category with significant expenses.
