RBFCU Business Select Mastercard® Review
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
The 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, what makes this credit card unique is that it doesn’t charge any additional balance transfer and foreign transaction fees.
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:
Members of RBFCU that want to maximize business purchases
Intro APR
None
Regular APR
15.40% to 18% variable
Annual Fee
None
Credit Needed
Good to Excellent
- 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
- Additional cards are limited to three authorized users
- No introductory rewards
- 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 their cardholders $1 million in travel accident insurance
Intro APR
None
Regular APR
15.40% to 18% variable
Annual Fee
None
Credit Needed
Good to Excellent
- 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
- Additional cards are limited to three authorized users
- No introductory rewards
- 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 their cardholders $1 million in travel accident insurance
How We Evaluate Cash Back Business Credit 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 fee, 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 | 5 | 10 |
Ongoing APR | 10 | 10 |
Total Score | 65 | 100 |
Who the RBFCU Business Select Mastercard® Is Best For
- Members of RBFCU that want to maximize business purchases: The card is a good option if you’re a member of RBFCU and want to maximize spending by earning 2% cash back on all your business purchases.
If this card doesn’t fit the bill, then read our guide on the best small business credit cards. You may also want to head over to our Credit Card Marketplace for our evaluation of other business credit cards.
RBFCU Business Select Mastercard® Fees
APR
- Introductory APR: 0% for the first 12 billing cycles after opening an account on any balance transfer and cash advance made within the first 90 days after account opening.
- Ongoing APR for purchases, balance transfers, and cash advances: 15.40% to 18% variable, which will adjust with the prime rate
- Penalty APR: None
- Minimum interest charge: None
- Due date: At least 25 days after the close of each billing cycle
Fees
- Annual fee: None
- Balance transfer fee: None
- Cash advance fee: 2% of the amount of each advance
- Foreign transaction fees: None
- Late payment fee: Up to $25
- Over-the-credit limit: None
- Returned payment fee: Up to $24
RBFCU Business Select Mastercard® Rewards
- Unlimited 2% cash back on all purchases
How To Make Payments on the RBFCU Business Select Mastercard®
- Online: Visit RBFCU’s banking website, select “View Services,” and click “Manage Cards.” Choose the card, then click “PIN Select” and follow the prompts.
- Mobile app: You can make your credit card payments through its mobile app, which is available for Android and iOS users.
- Phone: Call (866) 297-3413 and follow the prompts.
- Nearest branch: Search for the nearest RBFCU branch to make payments in person.
RBFCU Business Select Mastercard® Features
- Additional authorized users: Primary cardholders can add up to three authorized users to their credit card account. To be eligible as an authorized user, the individual must have an existing RBFCU primary savings account that’s in good standing.
- Billing breakdowns: You can customize your bills by maintaining only one credit card account for all of your cards. In addition, you can itemize the expenses per user to easily check the expenses made by authorized users.
- 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.
- $0 Fraud Liability: You can get $0 Fraud Liability in the event a fraudulent transaction was identified under your credit card account.
Pros & Cons of the RBFCU Business Select Mastercard®
| PROS | CONS |
|---|---|
| Offers 2% unlimited cash back on all business purchases | Lacks an interest-free financing option for purchases |
| Doesn’t charge annual, balance transfer, and foreign transaction fees | Exclusive for RBFCU members |
| Can only add a maximum of three authorized users under one account | |
| Lacks introductory reward for new cardholders | |
RBFCU Business Select Mastercard® Alternatives
Chase Ink Business Unlimited®
Chase Ink Business Unlimited® is our top-recommended small business credit card and best credit card for new businesses with no credit history. It offers an interest-free financing option on purchases for the first 12 months after opening an account and unlimited 1.5% cash back rewards on all business-related purchases. Besides that, it has an introductory bonus for new cardholders, where users get a $750 cash back after spending $7,500 on purchases within the first three months of account opening.
Ink Business Unlimited® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Pocketing 1.5% cash back on every single purchase
Intro APR
0% Intro APR on Purchases
Regular APR
16.24% - 22.24% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 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.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- 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
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Intro APR
0% Intro APR on Purchases
Regular APR
16.24% - 22.24% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 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.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- 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
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
American Express Blue Business CashTM
American Express Blue Business CashTM is our leading cash back business credit card. You can earn 2% cash back on all eligible purchases (up to $50,000 per calendar year) and 1% when the cap is met, making it a good option for those wanting to maximize the rewards earned when using their business credit card. It doesn’t charge annual fees and features expanded buying power, which allows you to spend over your credit limit when needed. However, it doesn’t allow cash advances, making it a disadvantage for those needing to take out a cash advance from time to time.
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- 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, 17.49% - 25.49%, 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.
Intro APR
0% on purchases
Regular APR
17.49% - 25.49% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- 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, 17.49% - 25.49%, 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.
U.S. Bank Business Platinum
The U.S. Bank Business Platinum is our top 0% APR business credit card, as it has an introductory APR of 0% on both purchases and balance transfers for the first 18 billing cycles, making it a great alternative for those wanting a longer interest-free financing period. It also doesn’t charge any annual fees, making it easier for business owners to calculate their spending. However, it doesn’t offer any introductory and ongoing rewards for its new and existing cardholders, and you’ll need good to excellent credit scores to qualify.
U.S. Bank Business Platinum Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Extended 0% APR period on purchases and balance transfers
Intro APR
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.24%-25.24%.
- 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
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Intro APR
Regular APR
16.24% - 25.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- U.S. Bank Business Platinum Card
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 16.24%-25.24%.
- 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
- Offers a long 0% APR introductory period
- 0% APR applies to both purchases and balance transfers
- No annual fee
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Excellent/good credit score needed to qualify
- Extended warranty protection: U.S. Bank will double an original manufacturer’s warranty up to an additional one year for warranties of three years or less. Coverage is limited to $10,000 per item.
- Purchase protection: U.S. Bank offers purchase protection for items that are damaged or stolen within 90 days of purchase. The coverage is limited to $500 per claim and up to $50,000 per cardholder, per year.
Bottom Line
RBFCU Business Select Mastercard® is a great credit card for members of the RBFCU as it offers unlimited 2% cash back on all purchases. It also has an interest-free financing option for the first 12 billing cycles after opening an account on any balance transfer and cash 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, take note that only members of RBFCU are eligible to apply for it, and it can only add three authorized users under a single account.
If this isn’t the right card for your business, head over to our Credit Card Marketplace.
