If you’re a business owner, consider signing up for the SunTrust Business Cash Rewards Credit Card, for a better cashback rewards program. For the first year from account opening, you can earn 5% cashback on the first $2,000 purchases on office supplies and fuel.
In addition to the high cashback rate, this card comes with no annual fee, as well as earning 1% cashback on all other purchases. Plus you can earn a Loyalty Cash Bonus based on your Business deposit relationship with SunTrust when you redeem your cashback rewards!
However, the only drawback would be the card’s limited availability; you have to be a resident on certain states to be eligible to apply. But if you live in the states listed below or bank with SunTrust, continue reading more about this card and learn more about its rewards and features!
Ink Business Preferred® Card 90K Points after $8,000 spend within first 3 months | Ink Business Unlimited® Credit Card $750 Bonus after $6,000 spend within 3 months |
Capital One Venture X Business 150K Miles after $30,000 spend within 3 months | Ink Business Cash® Credit Card Up to $750 Bonus: Earn $350 after $3,000 spend in the first 3 months and an additional $400 with $6,000 spend in the first 6 months. |
Chase Sapphire Preferred® Card 100K Points after $5,000 spend within 3 months. | Chase Freedom FlexSM $200 Bonus after $500 spend within 3 months |
The Platinum Card® from American Express 80K Points after $8,000 spend within 6 months. Terms Apply. | Capital One Venture X Credit Card 75K Points after $4,000 spend within 3 months. |
American Express® Gold Card 60K Points after $6,000 spend within 6 months. | Chase Freedom Unlimited® Card $200 Bonus after $500 spend within 3 months |
Chase Sapphire Reserve® Card 60K Points after $4,000 spend within 3 months. | Capital One Quicksilver Cash Rewards Card $200 Bonus after $500 spend within 3 months |
* The Business Cash Rewards Credit Card is issued by SunTrust Bank. They also offer great sign-up bonuses for their Checking/Savings accounts. You can also compare this card with other credit card bonuses!
SunTrust Business Cash Rewards Credit Card
Bonus Available | Get 5% cash back (instead of 3%) on up to $2,000 spent every month on office supply and fuel purchases in the first 12 months from account opening. |
*Bonus Value | $480 |
Ongoing Rewards/Benefits |
|
Foreign Transaction Fees | 3% of the transaction after conversion to US dollars. |
Annual Fee | $0 |
(Visit SunTrustBank.com to learn more about this card.)
* Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer.
View the latest valuations here.
SunTrust Business Cash Rewards Card
5% Bonus Cashback Offer
Although, the SunTrust Business Cash Rewards card doesn’t have this type of introductory offer, it gives you a higher cashback rate of 5% for up to $2,000 spent a month on office supply and fuel purchases.
This bonus applies to the first year from opening your account.By taking full advantage of the welcome offer, you get an extra $480 on top of base rewards.
Earning SunTrust Cash Rewards
You’ll get 3% cashback on office supplies and fuel with no caps or restrictions after you’ve reached the $2,000 monthly limit after your first 12 months. While you earn unlimited 1% cashback on all other spending.
Redeeming SunTrust Cash Rewards
SunTrust cash rewards can be used towards:
- Statement credits
- Direct deposits
- Travel
- Experiences
- Gift cards
- Merchandise
In order to get the best value, redeem your rewards for direct deposits into a SunTrust account, but keep in mind that these have a $5 minimum redemption.
SunTrust Loyalty Cash Bonus
The more you have in your deposit accounts, the bigger the bonus when you redeem your rewards directly into a SunTrust account.
Deposit Accounts | Consumer Deposits & Investment Balances |
Loyalty Cash Bonus |
SunTrust Checking SunTrust Savings SunTrust Money Market |
N/A | 10% |
SunTrust Advantage Checking SunTrust Signature Advantage Checking SunTrust Exclusive Checking |
$25,000 – $100,000 | 25% |
SunTrust Advantage Checking SunTrust Signature Advantage Checking SunTrust Exclusive Checking |
$100,000+ | 50% |
SunTrust Premier Program SunTrust Private Wealth Mangement |
N/A | 50% |
A 10% Loyalty Cash Bonus on $100 in base cash rewards would earn a $10 bonus, so the total in cash rewards earned would be $110.
Bottom Line
If your company spends a lot on office supplies or refilling gas, you should take advantage of the Business Cash Rewards Credit Card from SunTrust Bank’s introductory offer of 3% cashback on office supply and fuel purchases.
However, the only drawback is that it’s only available within SunTrust’s network, so if you don’t live anywhere near a physical location, then you might have find another card!
If you’re interest on banking with SunTrust, read our in-depth review to see if it fits your banking needs! See our latest list of other SunTrust Bank Promotions or the best credit card bonuses!
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
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