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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

Expert review

Kevin Joey Chen

Review by


Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Business.com, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order by expertly navigating cutting-edge financial tools — including credit cards, apps and budgeting software.

Expert review

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.

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

Data indicated here is updated regularly
Name Product Rewards Purchase APR Annual fee
Ink Business Preferred® Credit Card
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
15.99% to 20.99% variable
$95
100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening. That's $1,250 toward travel rewards when you redeem through Chase Ultimate Rewards®
Ink Business Cash℠ Credit Card
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 13.24% to 19.24% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months.
Ink Business Unlimited℠ Credit Card
1.5% cash back on all purchases
0% intro for the first 12 months (then 13.24% to 19.24% variable)
$0
$500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening.
United℠ Business Card
2x miles on United, transit and rideshares, and at gas stations, office supply stores and restaurants, and 1x miles on all other purchases
16.49% to 23.49% variable
$0 intro annual fee for the first year ($99 thereafter)
Earn 60,000 miles once after spending $3,000 in your first 3 months.
Universal Premium Mastercard®
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
27.24% 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.
Southwest Rapid Rewards® Performance Business Credit Card
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
15.99% to 22.99% variable
$199
Earn 70,000 points when you spend $5,000 on purchases in the first 3 months. Plus, earn an additional 30,000 points after you spend $25,000 on purchases in the first 6 months.
Brex for Startups
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.
Southwest Rapid Rewards® Premier Business Credit Card
2x points on Southwest Airlines and 1x points on all other purchases
15.99% to 22.99% variable
$99
Earn 60,000 points after spending $3,000 in the first 3 months and 6,000 points after your card anniversary.
Brex for Ecommerce
N/A
N/A
$0
60-day interest-free financing for e-commerce businesses.
BP Business Solutions Mastercard®
Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month
27.24% variable
Up to $120
Up to 6 cents per gallon on fuel and 3.5 cents per gallon on diesel depending on number of gallons purchased per month.
ARCO Business Solutions Fuel Card
18.24% to 27.24% variable
Up to $180
The ARCO Business Solutions Fuel Card gives your drivers access to greater performance with high quality fuels at ARCO locations. The card provides fleet managers with detailed reporting and individual spending controls for each and every driver.
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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 $50,000 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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