AMAZING CASH® FOR BUSINESS PROGRAM: FAQ
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The AmaZing Cash for Business Visa credit card is a credit card offering competitive Cash Back rewards on everyday business spending.
The AmaZing Cash for Business Card is ideal for small and mid-sized businesses interested in a credit card that helps them to reinvest back into their business.
- Businesses earn Enhanced Earn Rates in select business spending categories:
- 1% Cash Back on all other Net Purchases
- Cash Back can be redeemed in increments greater than $25 using the "Request Cash Back Reward" form on the Business Forms page of the Bankcard Site.
No, there is no annual fee.
The new AmaZing Cash for Business credit card applications can be found on the Bankcard website, along with other credit card applications.
To see a comparison of all business credit cards, please refer to the business credit card matrix located on the Products & Services tab on the Bankcard website. This matrix is also included at the beginning of this product guide.
The AmaZing Cash for Business Visa Credit Card is a variable-rate product. See the AmaZing Business Credit Card Comparison Chart for current pricing and promotions.
No, the client will need to complete the AmaZing Business Transfer Application, available on the Forms & Apps tab on the Bankcard website.
Enhanced Earn rates apply only to cardholders with either the AmaZing Rewards for Business or AmaZing Cash for Business product. Other business credit card products enrolled in the AmaZing Rewards or Cash Back programs are not eligible for the Enhanced Earn rates. For clients wishing to convert their existing credit card relationship to either the AmaZing Rewards for Business or AmaZing Cash for Business product, please help them complete the AmaZing Business Visa® Credit Card Transfer Application posted on the Applications page of Bankcard's intranet site.
Clients can receive their cash back deposit into their Bank business savings or checking account. The deposit account must be for the same entity as the credit card. Account Owners may also choose to receive their cash back as a statement credit to their credit card account. Note: the statement credit will not be considered a payment.
There is no cap on the amount of AmaZing Cash Back clients can earn. However, Enhanced Earn rates will be awarded on Net Purchases in qualifying categories up to $150,000 combined spending per calendar year. For example, if you spend $100,000 in 3%/3x categories and $100,000 in 2%/2x categories, totaling $200,000, only the first $150,000 will qualify for the Enhanced Earn rates. The remaining $50,000 will earn the standard 1%/1x.
For businesses set up with control accounts, all eligible AmaZing Cash Back will accumulate up to the central control account.
Clients earn Cash Back for every dollar spent on net purchases only. Cash back is not earned on cash advances, balance transfers, fees, quasi-cash such as travelers checks and money orders, accumulated interest, returned merchandise, ATM transactions, unauthorized charges, fraud charges, foreign cash transactions, casino gaming and betting, and lottery tickets.
No. AmaZing Cash for Business Visa Credit Cards cannot participate in the AmaZing Rewards program.
No. AmaZing Cash Back is considered a rebate and does not require a 1099 earnings statement.
Earned AmaZing Cash Back is suspended for credit card accounts that are over 59 days past due. When the account becomes current, suspended AmaZing Cash accruals will be reinstated.
Accounts Owners may request their cash back at any time by calling the number on the back of their card or by visiting their online banking site. Once logged-in to online banking, they can select the "Services" tab and choose the option under "Card Services" called "Request Cash Back Reward". Once the request has been submitted, cardholders should see their cash back in their account (as a deposit or statement credit) within 3 business days.
Yes. Business Accounts must accumulate at least $25 in earned cash back before a request to receive the cash back will be accepted.
Yes. Cardholders can choose to receive their cash back as a statement credit to their credit card account. The minimum redemption amount is $25.
No. The Account Owner is still responsible for making their monthly payment. The cash back will simply appear as a credit on their next statement.
Only an Account Owner (signer) or Program Administer may request to receive the cash back reward.
Yes, for Business Accounts only, the Account Owner my request to receive an automatic redemption every time they have accrued $500 in earned cash back. They can set this up once and choose to receive the $500 amount either as a deposit or as a credit card statement credit.
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