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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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| Intro APR | 0% |
|---|---|
| Regular APR | 15.49% and 22.49% variable |
| Annual Fee | $0 |
| Credit Needed | Good - Excellent |
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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.
M&T Business Rewards Credit Card Rewards Calculator
Your potential annual reward earnings are:
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
| Intro APR | 0% on purchases |
|---|---|
| Regular APR | 16.74% - 28.49% Variable |
| Annual Fee | No annual fee |
| Credit Needed | Excellent, Good |
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
| Intro APR | 0% intro on purchases for 12 billing cycles |
|---|---|
| Regular APR | 16.24% - 25.24% Variable |
| Annual Fee | $0 |
| Credit Needed | Excellent, Good |
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 Triple Cash Rewards Visa® Business Card
| Intro APR | 0% intro on purchases for 12 billing cycles |
|---|---|
| Regular APR | 17.24% - 26.24% Variable |
| Annual Fee | $0 |
| Credit Needed | Excellent, Good |
If you want to earn premium cash back on selected spending categories, then we recommend the U.S. Bank Triple Cash Rewards Visa® Business Card. While the card does not offer a 0% introductory period on balance transfers, you can earn up to 5% 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.
Fit Small Business has partnered with CardRatings for our coverage of credit card products. Fit Small Business and CardRatings may receive a commission from card issuers.
To see rates & fees for the American Express cardsFit Small Business may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened. mentioned in this article, reference the following links below:
American Express Blue Business CashTM Card
