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StellarScribe
The Suntrust Business Credit Card offers distinct rewards and interest rates suited for business needs.
Overview of Suntrust Business Credit Card
- Designed for small to medium-sized businesses.
- Offers various rewards and benefits.
- Interest rates and fees may vary.
Rewards Program
The Suntrust Business Credit Card features a competitive rewards program that is tailored to help businesses maximize their spending. The rewards structure is categorized as follows:
| Reward Category | Rewards Earned |
|---|---|
| Everyday Purchases | 1.5 points per dollar spent |
| Business-related Expenses | 2 points per dollar spent |
| Travel and Dining | 3 points per dollar spent |
Interest Rates
The interest rates for the Suntrust Business Credit Card can significantly affect the overall cost of borrowing. Below are the typical rates:
| Type of Rate | Interest Rate |
|---|---|
| APR for Purchases | 15.24% – 24.24% |
| APR for Cash Advances | 26.24% |
| Penalty APR | 29.99% |
Fees
In addition to interest rates, it is essential to consider fees associated with the card:
- Annual Fee: $0 – $95 depending on the card type.
- Foreign Transaction Fee: 3% of each transaction.
- Late Payment Fee: Up to $39.
Mind Map of Benefits
A simple representation of the benefits and rewards associated with the Suntrust Business Credit Card:
- Rewards Program
- Everyday Purchases
- Business Expenses
- Travel and Dining
- Interest Rates
- APR for Purchases
- Cash Advances
- Penalty Rates
- Fees
- Annual Fees
- Transaction Fees
- Late Fees
Conclusion
The Suntrust Business Credit Card is an appealing option for businesses looking to earn rewards on their expenses while managing interest rates effectively. Understanding its rewards program and associated costs can help business owners make informed decisions.
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