The Union Bank Business Rewards Visa Credit Card has an offer of 10,000 bonus points $5,000 within the first three months of account opening. According to Union Bank, this introductory offer is worth $100 as statement credit.
The Union Bank Business Rewards Credit Card offers a couple bonus categories on common business spending, but they’re capped at $25,000 in spending annually. You’ll earned a limited amount of:
- 5x points on business expenses
- 2x points on gas and dining
Once you have hit the spending limit, you will be able to earn 1x points on all purchases.
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Union Bank Business Rewards Summary
|Bonus Available||10,000 bonus points when you spend $5,000 in the first three months after account opening.|
|Ongoing Rewards/Benefits||5 points for every $1 spent on business expense purchases, including office supplies, utility bills, and telcom, computer, and advertising services on up to $25,000 annually.
2 points on every $1 spent on gas stations and restaurant purchases on up to $25,000 annually.
1 point on every $1 spent on all other purchases.
|Foreign Transaction Fees?||3%|
- No annual fee
- Welcome bonus
- Good-Excellent credit needed to qualify
- Capped rewards
- Foreign transaction fees
Editor’s Alternate Pick
The Ink Business UnlimitedSM Credit Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
You'll earn an unlimited 1.5% cash back on every purchase made for your business and you'll receive employee cards at no additional cost.
This card carries no annual fee and you'll have the opportunity to take advantage of a 0% introductory APR for 12 months on purchases
Union Bank Business Rewards Card Bonus Points Offer
Be sure to take advantage of the Union Bank Business Rewards Card’s bonus points offer of 10,000 points, which are worth to be $100 in statement credits. To qualify for this, you will need to charge at least $5,000 to your card within the first three months of account opening.
Here are some tips and ideas on how to reach the spending requirement:
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
What Are Union Bank Business Rewards Points Worth?
Like many other points-based cards, the value of your rewards depends on how you redeem them:
- Statement credits
- Gift cards(varies)
Union Bank Business Rewards points expire on the third anniversary of the date that you’ve earned them.
The Union Bank Business Rewards Visa Credit Card is a good option for businesses that spend moderately on business expenses, gas, and dining. However, there may be other options for you if you want a credit card that offers unlimited rewards. Consequently, be sure to check out our compiled list of best credit card promotions, here on HMB!
(Click here to sign up at Union Bank)
What’s The Competition?
Below are some of the top competitors to the Union Bank Business Rewards Visa Signature credit card you should consider.
The Chase Ink Business CashSM Card offers $500 bonus cash back after you spend $3,000 on purchases in the first 3 months from account opening.
You'll 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, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, & % cash back on all other card purchases with no limit to the amount you can earn.
This card comes with no annual fee. You'll be able to take advantage of employee cards at no additional cost & the 0% introductory APR for 12 months on purchases.
The Capital One® Spark® Miles Select for Business offers a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening.
You can earn 1.5 miles per $1 on every purchase. Your miles won't expire for the life of the account, and there are no categories to limit where or what you buy.
There is no annual fee or foreign transaction fees to worry about making this card a viable option for business travel.
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