Regions Visa® Business Enhanced Rewards Credit Card 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.
Regions Visa® Business Enhanced Rewards Credit Card is best for those wanting fixed-rate cash back rewards of 1x Relationship Points per dollar spent. It’s also a good fit for small business owners with an active Regions Bank business checking account given its Regions Rewards Multiplier. The card offers an interest-free financing option of 0% annual percentage rate (APR) for the first six months after opening an account.
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.
Regions Visa Business Enhanced Rewards 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:
Those who want a fixed rate points system from Regions Bank
Intro APR
0% APR for the first 6 months after account opening
Regular APR
15.99% to 26.99% variable
Annual Fee
None
Credit Needed
Good to Excellent
- 1 Relationship Point for every dollar spent on qualified purchases.
- Through Visa®®® SavingsEdge, you can earn automatic savings of up to 15% on eligible purchases with designated merchants
Pros
- Doesn’t charge annual fees
- With 0% introductory APR on purchases
Cons
- Doesn’t have 0% introductory APR on balance transfers
- Regions Bank only has branches in 15 out of their listed 16 states
- Need an active Regions Bank checking and savings accounts to maximize points being earned
- Travel and emergency assistance services: These will be made available to you and your spouse and children (dependents 22 years old and younger) in the event of an emergency while traveling away from home.
- Auto rental collision damage waiver: In the event of theft, damage, valid loss-of-use charges imposed and substantiated by the auto rental company, administrative fees and reasonable and customary towing charges, this will be made available to you as the primary cardholder.
- Purchase security: If damage was incurred in your purchase due to fire, vandalism or accidentally discharged water or certain weather conditions, you are entitled to a maximum of $500 per claim and $50,000 per cardholder.
Intro APR
0% APR for the first 6 months after account opening
Regular APR
15.99% to 26.99% variable
Annual Fee
None
Credit Needed
Good to Excellent
- 1 Relationship Point for every dollar spent on qualified purchases.
- Through Visa®®® SavingsEdge, you can earn automatic savings of up to 15% on eligible purchases with designated merchants
Pros
- Doesn’t charge annual fees
- With 0% introductory APR on purchases
Cons
- Doesn’t have 0% introductory APR on balance transfers
- Regions Bank only has branches in 15 out of their listed 16 states
- Need an active Regions Bank checking and savings accounts to maximize points being earned
- Travel and emergency assistance services: These will be made available to you and your spouse and children (dependents 22 years old and younger) in the event of an emergency while traveling away from home.
- Auto rental collision damage waiver: In the event of theft, damage, valid loss-of-use charges imposed and substantiated by the auto rental company, administrative fees and reasonable and customary towing charges, this will be made available to you as the primary cardholder.
- Purchase security: If damage was incurred in your purchase due to fire, vandalism or accidentally discharged water or certain weather conditions, you are entitled to a maximum of $500 per claim and $50,000 per cardholder.
When evaluating cash back credit cards like the Regions Visa® Business Enhanced Rewards Credit Card, we first consider the ongoing and introductory rewards. We also examine the annual fee, introductory and ongoing annual percentage rates (APRs), and other card benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Ongoing Rewards | 20 | 30 |
Introductory Rewards | 0 | 20 |
Annual Fee | 15 | 15 |
Features | 12 | 15 |
Introductory APR | 6 | 10 |
Ongoing APR | 10 | 10 |
Total Score | 63 | 100 |
Who the Regions Visa® Business Enhanced Rewards Credit Card Is Best For
- Those who want a fixed rate points system: The card gives a fixed rate of a point for every dollar spent on qualifying purchases, giving you an idea of how many points you can earn at a given time.
- Those with existing business checking accounts with Regions Bank: Having an existing business checking account with Regions Bank is advantageous as it lets you qualify for its Regions Rewards Multiplier, increasing the number of points earned when you use your credit card in paying for qualified purchases. If you don’t yet have an account, read our review of Regions Bank’s business checking to learn how it can help your business.
If this card doesn’t fit your needs, see our recommended alternatives below.
Regions Visa® Business Enhanced Rewards Credit Card Fees
APR
- Introductory: 0% APR for purchases for the first six months after opening an account
- Ongoing and balance transfers: 15.99% to 26.99% variable, which adjusts with the prime rate
- Cash advance: 28.74% variable, which adjusts with the prime rate
Fees
- Minimum interest charge: No less than $1
- Annual: None
- Balance transfer and cash advance: Either $10 or 4% of the amount of each transfer/cash advance, whichever is greater
- Foreign transaction: 3% of the transaction amount in United States dollars
- Late payment: Up to $49
Your due date is at least 21 days after the close of each billing cycle.
Regions Visa® Business Enhanced Rewards Credit Card Rewards
- 1 Relationship Point for every dollar spent on qualified purchases; you can increase the points you earn by registering for the Regions Rewards Multiplier (discussed below)
- Automatic savings of up to 15% on eligible purchases with designated merchants through Visa® SavingsEdge
Regions Relationships Rewards® Program
This lets you earn points when you use your Regions Visa® Business Enhanced Rewards Credit Card. You can redeem earned points as a direct deposit to your Regions checking account, as a statement credit, and as a mailed check. Qualifying purchases exclude items traded immediately for cash (e.g., wire transfers, money orders, traveler’s checks, lottery tickets, and casino chips), cash advances, balance transfers, unauthorized transactions, and any fees for interest charges.
It should be noted that each year, unredeemed points earned at least 48 months ago will expire on the last day of your “anniversary month,”—which is the month you began participating in the program.
Regions Rewards Multiplier
As part of the Regions Relationships Rewards® Program, Region Bank’s Regions Rewards Multiplier makes it easier to increase your earned points. To qualify, business owners need an active business checking account and to maintain certain balances in their Regions Bank business deposit account.
The average amount deposited in those accounts is equivalent to a certain number of extra points earned when you use your Regions Visa® Business Enhanced Rewards Credit Card. Note that the extra points indicated here may change each calendar quarter:
- For average deposits worth $15,000 to $30,000: Earn 0.25 extra points for every dollar spent in qualifying purchases
- For average deposits from $30,000 to $50,000: Earn 0.5 extra points for every dollar spent in qualifying purchases
- For average deposits of $50,000 or more: Earn 1 extra point for every dollar spent in qualifying purchases
How To Make Payments on the Regions Visa® Business Enhanced Rewards Credit Card
- Online: You can manage your credit card payments via Regions Bank’s online banking portal. You can also set up AutoPay to avoid the hassle of missing payments.
- Mobile App: You can use the iOS or Android mobile app to make payments.
- Phone: Call (800) 253-2265 and follow the prompts to process your payments.
- Branch: Visit a branch to make a payment in person.
- Mail: Send your check payments to the following addresses:
Regular Mail
Regions Bank
PO Box 2224
Birmingham, AL 35246-3023
Regions Bank
PO Box 2224
Birmingham, AL 35246-3023
Overnight Mail
Regions Bank
201 Milan Pkwy.
Birmingham, AL 35211
Regions Bank
201 Milan Pkwy.
Birmingham, AL 35211
Regions Visa® Business Enhanced Rewards Credit Card Features
Features From Regions Bank
- Protection against fraudulent activities: Regions Bank will let you know if any suspicious activities appear fraudulent. It’ll call, text, and/or email to verify whether you authorized a transaction. If you deny the authorization of a suspicious transaction, Regions Bank will connect you to a dedicated fraud specialist for more information.
- Online account management: Regions Bank offers an online account management portal that can be accessed through the web and mobile app. It allows you to manage your accounts, monitor your balances, and create alerts on account activities.
Features From Visa®
- Travel and emergency assistance services: These will be made available to you and your spouse and children―dependents 22 years old or younger―in the event of an emergency when traveling.
- Auto rental collision damage waiver: This is available to the primary cardholder in the event of theft, damage, valid loss-of-use charges imposed and substantiated by the auto rental company, administrative fees, and reasonable and customary towing charges. This benefit is available in the US and most foreign countries, except Israel, Jamaica, the Republic of Ireland, and Northern Ireland.
- Purchase security: If damages were incurred to your purchase due to fire, vandalism, accidentally discharged water, or certain weather conditions, you’re entitled to a maximum of $500 per claim and $50,000 per cardholder.
Regions Visa® Business Enhanced Rewards Credit Card Alternatives
Chase Ink Business Unlimited®
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
17.99% - 23.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- 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.
Intro APR
0% Intro APR on Purchases
Regular APR
17.99% - 23.99% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- 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 as it lets you earn unlimited 1.5% cash back on all business-related purchases
- Offer 0% APR on purchases for the first 12 billing cycles
- Doesn’t charge annual fees
- Is on our lists of the:
American Express Blue Business CashTM
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
18.24% - 26.24% 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, 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.
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% 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, 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 best for those needing to spend beyond their credit limit since it features expanded buying power—which adjusts your credit limit based on your usage, payment history, credit record, and financial resources
- Lets you earn 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% cash back earned is credited to your statement automatically
- Offers 0% APR on purchases for the first 12 billing cycles
- Is in our roundups of the:
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
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:
0% APR for 15 billing cycles
Intro APR
Regular APR
18.99% - 27.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.99% - 27.99%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
Intro APR
Regular APR
18.99% - 27.99% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good
- Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks
- 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 18.99% - 27.99%.
- No annual fee.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
- Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay™ Plan.
Pros
- 0% APR applies to both purchases and balance transfers
- Unlimited cash back rewards
- No annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- Is a great choice if you want premium rewards and 0% introductory APR and on purchases and balance transfers (for the first 15 billing cycles)
- Doesn’t charge annual fees
- Lets you earn 5% cash back on prepaid hotels and car rentals directly booked in the Travel Rewards Center, 3% cash back on eligible purchases at gas and electric vehicle (EV) charging stations, office supply stores, cell phone service providers, and restaurants, and 1% cash back on all other eligible purchases.
- Is one of our:
See our guide to the leading small business credit cards for more options.
Bottom Line
Regions Visa® Business Enhanced Rewards Credit Card is a great business credit card if you want a fixed rate on cash back points and if you have an existing checking account with Regions Bank. Points can be multiplied through the Regions Rewards Multiplier, depending on the average amount of cash being deposited to your account.
