RBFCU Business Select Mastercard® Review for 2023

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.

How We Evaluate Cash Back Business Credit Cards

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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 Protection^TM: Proper detection and protection are ensured through Mastercard’s ID Theft Protection^TM. 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 Cash^TM

• 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:
  • Best cash back business credit card
  • Best instant approval business credit card
  • Best small business credit cards
  • Best credit cards for new businesses with no credit history

Chase Ink Business Unlimited®

• 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:
  • Best small business credit cards
  • Best credit cards for new businesses with no credit history
  • Best business cards with no annual fee
  • Best 0% APR business credit cards
  • Best cash back business credit cards

U.S. Bank Business Platinum Card

• 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:
  • Best 0% APR business credit cards
  • Best business credit cards with a balance transfer offer

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.