Regions Visa® Business Enhanced Rewards Credit Card Review for 2022
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 a small business credit card offered by Regions Bank. It’s best suited for those wanting fixed-rate cash back rewards of 1x Relationship Points per dollar spent and those with an active business checking account with Regions Bank due to its Regions Rewards Multiplier. It also offers an interest-free financing option of 0% 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
Intro APR
0% APR for the first 6 months after account opening
Regular APR
13.74% to 24.74% 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
- No annual fees
- With interest-free financing option
Cons
- No introductory rewards
- Only available in 16 states
- Need an active 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 under 22 years old) 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
13.74% to 24.74% 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
- No annual fees
- With interest-free financing option
Cons
- No introductory rewards
- Only available in 16 states
- Need an active 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 under 22 years old) 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.
How We Evaluate Cash Back Business Credit Cards
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 look at 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 | 15 | 15 |
Introductory APR | 10 | 10 |
Ongoing APR | 10 | 10 |
Total Score | 70 | 100 |
Who the Regions Visa® Business Enhanced Rewards Credit Card Is Best For
- Those with existing checking or savings 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.
- Those who want a fixed rate points system: The Regions Visa® Business Enhanced Rewards Credit 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.
If you think this card doesn’t fit your business needs, then check our guide to the best small business credit cards. Alternatively, you may want to check our Credit Card Marketplace for additional options.
Regions Visa® Business Enhanced Rewards Credit Card Fees
APR
- Introductory APR: 0% APR for purchases for six months after opening an account
- Ongoing APR for purchases and balance transfers: 13.74% to 24.74% variable, which adjusts with the prime rate
- Cash APR: 26.49% variable, which adjusts with the prime rate
- Due Date: At least 21 days after the close of each billing cycle
- Minimum interest charge: No less than $1
Fees
- Annual fee: None
- Balance transfer and cash advance fees: Either $10 or 4% of the amount of each transfer/cash advance, whichever is greater
- Foreign transaction fees: 3% of the transaction amount in United States dollars
- Late payment fees: Up to $49
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
- Automatic savings of up to 15% on eligible purchases with designated merchants through Visa® SavingsEdge
It should be noted that unredeemed points will expire within 48 months after earning them, which falls on the last day of your anniversary month, which is the month you began participating in the Program.
Qualifying purchases don’t include items that are traded immediately for cash―such as wire transfers, money orders, traveler’s checks, lottery tickets, and casino chips―unauthorized transactions, and any fees for interest charges.
Regions Rewards Multiplier
It becomes easier to increase points earned through Region Bank’s Regions Rewards Multiplier. 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 being deposited on 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 with 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 on the Regions Bank’s online banking portal. Simply follow the steps included and indicate the Regions Visa® Business Enhanced Rewards Credit Card. You can also set up AutoPay to avoid the hassle of missing payments.
- Regions mobile app: Other than its online banking portal, you can make your payments on its mobile app, which is available for both iOS and Android users.
- Call: Call (800) 253-2265 and follow the prompts to process your credit card payments.
- Nearest Regions Bank branch: Head over to the nearest Regions Bank branch to process your credit card payments.
- 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
Its features include safety and security offered by both Regions Bank and Visa®.
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 this 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 to manage your accounts, monitor your available 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 United States 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.
Pros & Cons of the Regions Visa® Business Enhanced Rewards Credit Card
| PROS | CONS |
|---|---|
| No annual fees: It doesn’t charge any annual fees. | No introductory rewards: It doesn’t offer any introductory rewards for new cardholders. |
| Has interest-free financing option: It offers an introductory fee of 0% APR on purchases for the first six months after account opening. | Only available in 15 states: Regions Bank is only available for business owners from the following states: Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, and Texas. |
| Need an active business checking account to maximize points being earned: You would need an active checking account and maintain certain balances on your savings account to qualify for the Regions Rewards Multiplier. | |
Regions Visa® Business Enhanced Rewards Credit Card Alternatives
American Express Blue Business CashTM
American Express Blue Business CashTM is our top pick for leading cash back business credit cards as it lets you earn 2% cash back on all eligible purchases of up to $50,000 every calendar year, then 1% cash back after that. All rewards earned are credited to your statement automatically. It also has an interest-free financing option of 0% APR for the first 12 months after opening, giving you the liberty to plan your large purchases for your business.
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.
Intro APR
0% on purchases
Regular APR
16.24% - 24.24% 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, 16.24% - 24.24%, 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
16.24% - 24.24% 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, 16.24% - 24.24%, 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.
Chase Ink Business Unlimited®
Chase Ink Business Unlimited® is our best small business card and leading card for new businesses with no credit history. This is due to its fixed rate of 1.5% for every dollar spent on any business purchase and the lack of a limit to how much cash back you can earn—making this a great alternative if you want a fixed rate on rewards earned with the business credit card. In addition, it doesn’t charge any annual fees and offers an introductory bonus of $750 cash back after spending $7,500 within the first three months after 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
15.49% - 21.49% 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
15.49% - 21.49% 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
Chase Ink Business Cash®
Chase Ink Business Cash® is a great alternative if your common business expense includes office supplies, internet, cable, and phone. It lets you earn 5% cash back on the first $25,000 worth of combined purchases each account anniversary year, then 1% afterward for every dollar spent with no limit. It also offers an introductory APR of 0% for the first 12 months after account opening and doesn’t charge any annual fees. These benefits are why it made it to our list of top-recommended cash back business credit cards.
Ink Business Cash® 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:
Office-based businesses that want top cash back rewards
Intro APR
0% Intro APR on Purchases
Regular APR
15.49% - 21.49% 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 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- 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.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- 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 United States 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 3 years or less.
Intro APR
0% Intro APR on Purchases
Regular APR
15.49% - 21.49% 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 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- 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.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
Pros
- Top rewards for office supply spending
- Introductory APR on purchases
- Cash sign-up bonus
Cons
- 0% APR doesn’t apply to balance transfers
- High balance transfer fee of 5%
- Designed mainly for office-oriented companies
- 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 United States 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 3 years or less.
Bottom Line
The 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.
If this isn’t the right card for your business, head over to our Credit Card Marketplace to find one that’s a better fit.
