RBFCU Business Select Mastercard® Review for 2023
This article is part of a larger series on Best Small Business Credit Cards.
RBFCU Business Select Mastercard® is a small business credit card offered to RBFCU members. It provides a 2% cash back on all purchases and has an interest-free financing option of 0% for the first 12 billing cycles on any balance transfer and cash advance made within the first 90 days after account opening. Besides that, it doesn’t charge any additional balance transfer or foreign transaction fees.
You can become a member of RBFCU through your family member, employer, place of worship, or community organization that is already part of the credit union. Alternatively, you can complete its short application to know if you qualify for membership.
RBFCU has more than 60 branches in the following major cities in Texas: Austin, Corpus Christi, Dallas-Fort Worth, and San Antonio.
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.
RBFCU Business Select Mastercard®
BEST FOR:
RBFCU members wanting to maximize business purchases
- Unlimited 2% cash back on all purchases
Pros
- Offers unlimited 2% cash back on all purchases
- No annual, balance transfer, and foreign transaction fees
Cons
- No interest-free financing option for purchases
- Exclusive for RBFCU members
- No introductory rewards
- RBFCU is only located in the following cities in Texas: Austin, Corpus Christi, Dallas-Fort Worth, and San Antonio
- Fraud monitoring and alerts: RBFCU ensures their cardholders 24/7 monitoring of any possible fraudulent transaction, and will notify you as soon as they identify one.
- Additional authorized users: Primary cardholders can add up to three authorized users in their credit card account. It should be noted that authorized users must have an existing RBFCU primary savings account that is in good standing.
- Travel accident insurance: RBFCU provides its cardholders $1 million in travel accident insurance.
- Billing breakdowns: You can customize your bills by maintaining only one credit card account for all your cards.
- Unlimited 2% cash back on all purchases
Pros
- Offers unlimited 2% cash back on all purchases
- No annual, balance transfer, and foreign transaction fees
Cons
- No interest-free financing option for purchases
- Exclusive for RBFCU members
- No introductory rewards
- RBFCU is only located in the following cities in Texas: Austin, Corpus Christi, Dallas-Fort Worth, and San Antonio
- Fraud monitoring and alerts: RBFCU ensures their cardholders 24/7 monitoring of any possible fraudulent transaction, and will notify you as soon as they identify one.
- Additional authorized users: Primary cardholders can add up to three authorized users in their credit card account. It should be noted that authorized users must have an existing RBFCU primary savings account that is in good standing.
- Travel accident insurance: RBFCU provides its cardholders $1 million in travel accident insurance.
- Billing breakdowns: You can customize your bills by maintaining only one credit card account for all your cards.
When grading cash back business credit cards like the RBFCU Business Select Mastercard®, we give the most weight to ongoing rewards. Then, we consider the introductory rewards, annual fees, introductory and ongoing annual percentage rates (APRs), and additional card benefits.
Grading Criteria | Card Score | Highest Possible Score |
---|---|---|
Ongoing Rewards | 25 | 30 |
Introductory Rewards | 0 | 20 |
Additional Features | 15 | 15 |
Annual Fee | 10 | 15 |
Introductory APR | 4 | 10 |
Ongoing APR | 10 | 10 |
Total Score | 64 | 100 |
Who the RBFCU Business Select Mastercard® Is Best For
- RBFCU members want to maximize business purchases: The card is a good option if you’re a member of the credit union and want to maximize spending by earning 2% cash back on all your business purchases.
See our recommended alternatives below if this card isn’t the best fit for your business.
RBFCU Business Select Mastercard® Fees
APR
- Introductory: 2.9% on balance transfers and cash advances for the first 12 months after making a transfer/advance within the first 90 days from the date of account opening
- Ongoing, balance transfers and cash advances: 18% variable, which will adjust with the prime rate
- Penalty: None
Fees
- Minimum interest charge, annual, balance transfer, foreign transaction, and over-the-limit: None
- Cash advance and balance transfer: 2% of the amount of each transfer/advance
- Late and returned payments: Up to $29
Your due date is at least 25 days after the close of each billing cycle.
How To Make Payments
- Online: Log in to your Online Banking Account and select “Move Money” from the menu. Click “Pay a Bill” to enroll or use Bill Pay to pay your credit card bills.
- Mobile app: You can make credit card payments through its mobile app.
- Phone: Call (866) 297-3413 and follow the prompts.
- In person: Find an RBFCU branch near you.
RBFCU Business Select Mastercard® Rewards
- Unlimited 2% cash back on all purchases
Using your card can also qualify you for these rebates, where you can save up to:
- 1% on fuel in over 19,000 gas stations and 5% on vehicle maintenance
- 4% on over 20,000 top dining destinations
- 4% at over 5,000 hotels
- 2% to 25% on several business services
- 5% on car rentals
You can redeem your rewards as a statement credit, which can be converted as cash rewards.
RBFCU Business Select Mastercard® Features
Features from RBFCU and Mastercard
- Additional authorized users: Primary cardholders can add up to three authorized users to their credit card accounts. To be eligible as an authorized user, the individual must have an existing RBFCU primary savings account in good standing.
- Billing breakdowns: You can customize your bills by maintaining only one credit card account for all your cards. In addition, you can itemize the expenses per user to check the expenses made by authorized users easily.
- Fraud monitoring and alerts: RBFCU ensures its cardholders 24/7 monitoring of any possible fraudulent transaction and will notify you as soon as it identifies one.
- Travel accident insurance: RBFCU provides its cardholders $1 million in travel accident insurance.
- Baggage delay: You are entitled to a daily benefit of $100 for three days in case of baggage delay. Note that there are essential items that are not covered, which you can learn more about via Mastercard’s guide to benefits.
- Mastercard ID Theft ProtectionTM: Proper detection and protection are ensured through Mastercard’s ID Theft ProtectionTM. Mastercard offers features such as identity theft resolution specialists, IDRiskIQ, and Credit Freezing to protect you against identity theft. Note that certain terms, conditions, and exclusions will apply. Call 1-800-Mastercard or (800) 627-8372 for more details.
Exclusive Discounts From RBFCU (Available Upon Credit Card Activation)
- Access to Intuit® Small Business Tools: Using QuickBooks® Online can help you easily manage your business income, expenses, payroll, and more.
- Microsoft Advertising credits: Get $125 in advertising credit after only spending $10 with Microsoft Advertising.
- Salesforce Essentials: Pay $9.99 per month, per user, to build stronger customer relationships with Salesforce.
- Zoho Social: Receive a 50% discount on your first year’s subscription with Zoho Social.
RBFCU Business Select Mastercard® Alternatives
American Express Blue Business CashTM
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.
- 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, 18.24% - 26.24%, 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.
- 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, 18.24% - 26.24%, 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.
- Is a viable option for those who want a straightforward cash back rewards system and may exceed their credit limit
- Lets you earn 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% after that
- Offers expanded buying power, which allows you to spend over your credit limit; note that the amount you can spend depends on your card usage, payment history, credit score, and financial resources
- Has a 0% introductory APR on purchases for the first 12 months
- Is in our roundups of the:
Chase Ink Business Unlimited®
Ink Business Unlimited® Credit Card
BEST FOR:
Pocketing 1.5% cash back on every single purchase
- Earn $750 bonus cash back after you spend $6,000 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.
- Round-the-clock monitoring for unusual credit card purchases
- 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
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
- Earn $750 bonus cash back after you spend $6,000 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.
- Round-the-clock monitoring for unusual credit card purchases
- 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
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
- Is best suited if you want an alternative fixed-rate rewards card from a bank that is present in over 48 states
- Lets you earn unlimited 1.5% cash back on all business-related purchases
- Offers 0% APR on purchases for the first 12 billing cycles
- Does not charge annual fees
- Is one of our:
U.S. Bank Business Platinum Card
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases and balance transfers
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.99%-25.99%.
- 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.
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.99%-25.99%.
- 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.
- Is ideal for those looking for a long 0% introductory APR, as it offers both purchases and balance transfers for the first 18 months
- Does not charge annual fees
- Lacks rewards for new and existing cardholders
- Is on our lists of:
Frequently Asked Questions (FAQs)
What do I need to open a savings account with RBFCU?
You’ll need to have a minimum deposit of $1 to open and maintain this account. You’ll also be required to provide the following information:
- A state-issued ID
- A credit or debit card to fund your new savings account
- Address
- Contact information
- Social Security number
- How you qualified for membership
Does RBFCU require a personal guarantee?
Yes, RBFCU requires a personal guarantee for your RBFCU Business Select Mastercard® and other business lending products.
Is it possible to request a credit limit increase with RBFCU?
Yes, it is. To request a credit limit increase with RBFCU, submit a new credit application—which can be done through RBFCU’s online banking account. Click on the three vertical dots found next to your chosen credit card in which you want to have a credit limit increase and select “Change Limit / Rate.”
Bottom Line
RBFCU Business Select Mastercard® is a great credit card for RBFCU members as it offers unlimited 2% cash back on all purchases. It also has an introductory rate of 2.9% for the first 12 billing cycles on any transfer and advance made within the first 90 days after account opening. On top of all that, it doesn’t charge any annual, balance transfer, or foreign transaction fees.
While the features are great, note that only members of RBFCU are eligible to apply for it, and it can only add three authorized users under a single account.