M&T Business Rewards Credit Card
Best For: Fixed-rate cash back rewards on all purchases
|Intro APR ?0% APR for 12 billing cycles on balance transfers and purchases||Regular APR||Annual Fee||Credit Needed|
|0%||12.24% - 19.24% Variable||$0||Good - Excellent|
The M&T Business Rewards Credit Card is an excellent cash back card designed for business owners who prefer to earn fixed-rate rewards on all purchases and typically spend 18,000 or less per year. This small business credit card pays unlimited 1.5% cash back on every purchase with no annual fee.
Who the M&T Business Rewards Credit Card Is Best For
- Business owners who prefer to earn unlimited, fixed rewards: The M&T Business Rewards Credit Card offers unlimited, fixed-rate cash back of 1.5% on all purchases. This is ideal for business owners who do not want to monitor category spending.
- Business owners who spend no more than $18,000 annually: This is the threshold at which it makes more sense to choose a card that charges an annual fee but pays 2% cash back.
How We Evaluate Cash Back Business Credit Cards
When grading cash back business credit cards like the M&T Business Rewards Credit Card, we weigh ongoing rewards heaviest. We rate introductory rewards as slightly less important, but they still are the second biggest factor in grading a card. We also take into consideration the annual fee, introductory and ongoing annual percentage rates (APRs), and card benefits.
M&T Business Rewards Credit Card Fees
- Introductory APR: 0% APR for 12 billing cycles on purchases and balance transfers
- Ongoing APR: 12.24% to 19.24% variable, which will adjust with the prime rate
- Annual fee: None
- Balance transfer fee: Either 4% of the transfer amount or $10, whichever is greater
- Foreign transaction fee: None
- Cash advance fee: Either 3% of the advance or $10, whichever is greater
M&T Business Rewards Credit Card Rewards
- Unlimited 1.5% cash back on all purchases
Welcome offer: Earn 10,000 bonus points after making $500 in purchases during the first 90 days from account opening
You can redeem your rewards for cash back, gift cards, airline travel, and merchandise through the M&T Bank rewards portal. One point is worth 1 cent when redeemed for cash, gift cards, or airfare. The redemption value varies when redeemed for merchandise and travel packages. When redeeming for cash, you can receive a statement credit or a deposit into your M&T Bank checking or savings account.
M&T Business Rewards Credit Card Features
Auto Rental Collision Damage Waiver
Car rentals of 31 consecutive days or less that are paid for by M&T Business Rewards Credit Card are covered in case of accident or theft. Coverage is primary if the vehicle rental is for commercial or business reasons. This auto rental collision damage waiver coverage excludes injury to anyone or damage to anything inside or outside the rental vehicle, loss or theft of personal belongings, damage due to off-road operation of the rental vehicle, and damage due to wear and tear, gradual deterioration, or mechanical breakdown.
Visa may repair, replace, or offer reimbursement for items purchases damaged or stolen within 90 days of purchase. Coverage is limited to $10,000 per item. To be covered, you must have purchased the item entirely with your M&T Business Rewards Card. If your item was stolen, you must file a police report within 48 hours of noticing the theft.
Extended Warranty Protection
Visa will double the original manufacturer’s warranty by up to an additional year on warranties of three years or less, up to a maximum of $10,000 per claim. You must have charged a portion of the purchase to your card to be eligible. The coverage begins the day after the original manufacturer’s warranty expires. Items that are not covered by extended warranty protection are motorized vehicles, items for resale, computer software, real estate, medical equipment, rented items, and preowned items.
M&T Business Rewards Credit Card Alternatives
Chase Ink Business Unlimited® Review
Ink Business Cash® Credit Card
Best For: Office-based businesses that want top cash back rewards
|Intro APR ?0% APR for 12 months on purchases||Regular APR||Annual Fee||Credit Needed|
|0% Intro APR on Purchases||13.24% - 19.24% Variable||$0|
American Express Blue Business® Plus Credit Card
The Blue Business® Plus Credit Card from American Express
Best For: Pocketing 2x points per $1 and 0% introductory APR for 12 months
|Intro APR ?0% introductory APR for 12 months on purchases||Regular APR||Annual Fee||Credit Needed|
|0% on purchases||13.24% - 19.24% Variable||No annual fee||Good, Excellent|
Capital One® Spark® Cash for Business
Capital One® Spark® Cash for Business
Best For: Earning unlimited 2% cash back
|Intro APR||Regular APR||Annual Fee||Credit Needed|
|N/A||20.99% (Variable)||$0 intro for first year; $95 after that||Excellent, Good|
The M&T Business Rewards Credit Card is a cash back card that offers fixed-rate, unlimited cash back on every purchase with no annual fee. This is ideal for business owners who do not want to monitor bonus category expenses. If this is not the card that you are looking for, compare other business credit cards to find other options.