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First Premier Bank Business Rewards Mastercard® review

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Often overshadowed by big-bank business cards, this Mastercard offers a $0 annual fee and flat cash back.

  • Get this card if you want a $0 annual fee and simple cash back.
  • Pick something else if you want powerful rewards.
  • Apply with a good to excellent credit score of 670 or higher.

Up to 1%

Cash back

$0

Annual fee

670

Recommended credit score

Details

Product NameFirst Premier Bank Business Rewards Mastercard®
Card typeMastercard
Annual fee$0
Balance transfer APRN/A

The basics

Get control of your business’s finances with First Premier Bank Business Rewards Mastercard®. You can set employee spending limits to help you manage business spending. Perks like no annual fee and flat cash back on all purchases makes this card an easy choice. However, it’s tricky to find the APRs and terms on its site — you may need to call or apply to find out how much this card costs.

Consider this business rewards card

Universal Premium Mastercard®

  • Accepted at nearly 160,000 fueling locations throughout the United States
  • Choose the most convenient and cost saving sites for your business
  • Prevent unwanted non-fuel spending by limiting purchases only to the pump
  • Open cards to make purchases at over 400,000 maintenance locations
  • Save up to 6¢ per gallon with volume rebates on purchases within the Retail Savings network
  • Save up to 15% on fuel management costs
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The perks

  • Annual fee: None.

    When expenses are tight, it’s nice to know you won’t pay an annual fee for your business card.

  • Rewards: 1% cash back on all purchases.

    Flat cash back keeps things simple and saves you from tiered rewards that can be confusing. However, 1% cash back is a low rate among business cards. For a no-annual-fee card, aim for at least 1.5% cash back on all purchases.

You’ll also like

  • Set purchase limits for authorized users.

    This helps you keep track of spending on employee cards.

  • Mastercard benefits.

    Enjoy Purchase Assurance, which covers your eligible items against damage or theft within 90 days of purchase.

Your Mastercard can also help while you’re on vacation or a business trip. You’ll receive rental car insurance when you pay for your reservation with your card. And you can access Global Service, which replaces your card if you’ve lost it and gives you emergency cash advances.

What to watch out for

  • Terms not available upfront.

    First Premier Bank doesn’t offer the terms and conditions for the First Premier Bank Business Rewards Mastercard® on its card page. You’ll receive them after you’re approved for the product. If you have questions about the card, call a representative at 800-987-5521.

  • No signup bonus.

    Many providers offer an initial sweetener to get you to sign up for their cards. You won’t find one with the First Premier Bank Business Rewards Mastercard®.

Compare business credit cards

Updated October 20th, 2019
Name Product Rewards Purchase APR Annual fee
2% cash back on all purchases on up to $50,000 per calendar year, then 1%
0% intro for the first 12 months (then 14.99% to 20.99% variable)
$0
Earn 2% cash back on all purchases on up to $50,000 per calendar year, then 1%. Rates & fees
2x points on everyday business purchases on up to $50,000 annually, then 1x points
0% intro for the first 12 months (then 14.99% to 20.99% variable)
$0
Earn 2x Membership Rewards® points on everyday business purchases on up to $50,000 with no category restrictions. Rates & fees
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
17.99% to 22.99% variable
$95
100,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®
3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network
29.24% variable
Up to $120
Earn 3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network.
2x miles on Delta purchases and 1x miles on all other purchases
17.49% to 26.49% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn 30,000 miles after spending $1,000 in the first 3 months plus $50 after making a direct Delta purchase in the same timeframe. Rates & fees
2% cash back on all purchases
18.74% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn $500 after spending $4,500 in the first 3 months.
1.5% cash back on all purchases
0% intro for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5% cash back on every purchase, every day.
2x miles on all purchases
18.74% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn unlimited 2x miles on every purchase for your business, with no blackouts or seat restrictions, and no minimum to redeem.
1.5x miles on all purchases
0% intro for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5x miles on every purchase, every day.
4x points on two categories on up to $150,000 combined annually, then 1x points after that and on all other purchases
15.99% to 23.99% variable
$295
Up to $500 back in the form of statement credits by purchasing qualifying services with FedEx using your American Express® Business Gold Card within the first 3 months, offer ends November 6, 2019. Rates & fees
5x points on flights and prepaid hotels through Amex Travel, 1.5x points if you spend $5,000 on a single eligible purchase on up to 1 million additional points per year and 1x points on all other purchases
N/A
$595
Earn 50,000 points after spending $10,000 and an extra 50,000 points after spending an additional $15,000 on purchases in the first 3 months from account opening. Rates & fees
1.5% cash back on all purchases
0% intro for the first 12 months (then 15.24% to 21.24% variable)
$0
$500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening.
5% at office supply stores, on Internet, cable and phone up to $25,000 combined annually (then 1%), 2% on gas and dining up to $25,000 combined annually then 1% after that and on all other purchases
0% intro for the first 12 months (then 15.24% to 21.24% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months.
N/A
0% intro for the first 12 billing cycles (then 12.24% to 20.24% variable)
$0
Enjoy a 0% intro APR on purchases and balance transfers for the first 12 billing cycles, reverting to a variable 12.24% to 20.24% APR. Rates & Fees
1% cash back on all purchases
24.74% variable
$0
Get the credit you want for your business and unlimited 1% cash back on every purchase, every day.
3% cash back on gas, cell phone services, and office supply stores and 1% back on all other purchases
0% intro for the first 15 billing cycles (then 14.24% to 25.24% variable)
$0
Earn $500 cash back after you spend $4,500 on purchases in the first 150 days from account opening. Rates & Fees
3x points in a chosen category and 1x points on all other purchases
0% intro for the first 9 billing cycles (then 14.24% to 25.24% variable)
$0
Earn 20,000 bonus points when you spend $1,000 in net purchases within the first 90 days after opening your account. Rates & Fees
2x points in the category you spend the most each month - gas stations, office supply stores or airlines, plus on cellular providers and 1x on all other purchases
14.24% to 25.24% variable
$0 intro annual fee for the first year ($55 thereafter)
Earn 25,000 bonus FlexPoints worth $375 on airfare, hotel stays, car rentals and more when you spend $2,000 in purchases within the first 4 months of account opening. Rates & Fees
2x points in the two categories you spend the most in each month and 1x points on all other purchases
18.74% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn up to 100,000 bonus points in the first 365 days of account opening with an additional point on all eligible net purchases. Rates & Fees
1.5% discount when you pay early
N/A
$0 intro annual fee for the first year ($250 thereafter)
Get a 1.5% discount when you pay early, with no cap on what you can earn back. Rates & fees
3x points at U.S. restaurants and direct hotel and airfare purchases on up to $50,000 (then 1x), 2x points on purchases through Amex Travel and 1x points on all other purchases
N/A
$95
Earn 3x points at U.S. restaurants and direct hotel and airfare purchases on up to $50,000 (then 1x), 2x points on purchases through Amex Travel and 1x points on all other purchases. Rates & fees
12x points at Hilton, 6x points on select business and travel and 3x points on all other purchases
17.49% to 26.49% variable
$95
Earn 125,000 Hilton Honors Bonus Points after you spend $3,000 in eligible purchases on the card within the first 3 months of card membership. Rates & fees
2x points on Southwest Airlines and 1x points on all other purchases
17.74% to 24.74% variable
$99
Earn 60,000 points after spending $3,000 in the first 3 months and 6,000 points after your card anniversary.
3x points on Southwest Airlines, 2x points on social media and search engine advertising, Internet, cable, and phone services and 1x points on all other purchases
17.74% to 24.74% variable
$199
Earn 70,000 points when you spend $5,000 on purchases in the first 3 months.
6x points at Marriott Bonvoy, 4x points at US restaurants, US gas stations and on US wireless telephone and shipping services, 2x points on all other purchases
17.49% to 26.49% variable
$125
Earn 75,000 bonus points after you use your new card to make $3,000 in purchases within the first 3 months of card membership. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
17.49% to 26.49% variable
$450
Earn 40,000 bonus miles and 10,000 Medallion Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in your first 3 months. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
17.49% to 26.49% variable
$195
Earn 35,000 miles and 5,000 MQMs after spending $1,000 in the first 3 months plus $100 after making a direct Delta purchase in the same timeframe. Rates & fees
7x points on rideshares, 4x on Brex Travel, 3x at restaurants, 2x on software subscriptions and 1x points on all other purchases
N/A
$0
The first corporate card for startups. No personal liability or security deposit needed, meaning your personal credit score won't be affected.
N/A
N/A
$0
60-day interest-free financing for e-commerce businesses.
2x miles at restaurants, gas stations and office supply stores, 2x miles on United and 1x miles on all other purchases
17.74% to 24.74% variable
$95
Earn 50,000 miles after spending $5,000 in the first 3 months. Earn another 50,000 miles after spending $25,000 total in the first 6 months.

Compare up to 4 providers

What size business is the First Premier Bank Business Rewards Mastercard® good for?

The First Premier Bank Business Rewards Mastercard® is probably best for a small business on a tight budget. It offers simple benefits like 1% cash back on all purchases, which is sweet when you don’t pay an annual fee.

If you run a larger business with more expenses, you might get more out of an annual-fee rewards card. This type of product can often generate more cash back, points or miles to offset your annual fee many times over.

The Capital One® Spark® Cash for Business, for example, has a $95 annual fee starting the second year. But it offers an enticing signup bonus: A $500 cash bonus after you spend $4,500 on purchases within the first 3 months. On top of that, you’ll earn 2% cash back on all purchases. That means you’ll earn enough cash back to offset the $95 annual fee after spending $4,750.

What should I know before I apply?

To apply for the First Premier Bank Business Rewards Mastercard®, you must be at least 18 years old. You also need to prove you operate a small business.

First Premier Bank doesn’t accept applications online. If you’re ready to apply for the card, contact a business banker to get started.

Required information

Before contacting a business banker, have the following information on hand:

  • Your contact details and business address.
  • Details about your business, such as its annual revenue, years in business and employee count.
  • Personal details such as your home address, mother’s maiden name and Social Security number.

What credit score do I need?

You’ll have a better chance of approval for this card if you have good to excellent credit of 670 or higher. A history of healthy spending habits and steady profits can also help your business be approved.

What do customers say about the First Premier Bank Business Rewards Mastercard®?

First Premier Bank has been accredited by the Better Business Bureau (BBB) since 2007. It currently has an A+ rating from the agency and no customer complaints. Among its 20-plus customer reviews, however, there are many one- and two-star ratings. Unhappy customers say it’s difficult to close accounts, they’ve unexpectedly had accounts frozen and the bank charges steep fees. First Premier Bank has responded to most of the reviews, upholding it’s A+ rating.

How to apply for the First Premier Bank Business Rewards Mastercard®

1. Visit the First Premier Bank website.
2. Click Contact us to view a list of business banking representatives.
3. Call one of the officers on the business banking page.

How long will it take to get my First Premier Bank Business Rewards Mastercard®?

First Premier Bank doesn’t specify when you might receive a decision. However, most providers let you know about your application within 14 business days. After approval, you’ll typically receive your card in the mail with the decision.

I got the card. Now what?

  • Use online banking.

    Register an account at the First Premier Bank website. There, you can view your account details, set employee spending limits and pay your bill.

  • Check your terms.

    First Premier Bank sends you the terms and conditions when it mails your card. Read them carefully to see your purchase, balance transfer and cash advance APR or any fees you might pay.

  • Avoid fees.

    Like with most personal credit cards, you may be assessed fees for late, returned and overlimit transactions. Typically, you’ll be charged up to $37 per infraction.

  • Contact customer support.

    Call your Business Banking representative if you have questions about your account. Alternatively, call 800-987-5521 to reach the bank’s customer support line.

Bottom line

Pick the First Premier Bank Business Rewards Mastercard® if you want a $0 annual fee and small rewards that are easy to keep track of. For a more powerful card, consider products from larger banks, such as Chase, Capital One and American Express.

Frequently asked questions

Images: First Premier Bank

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