Business Mastercard

Save time and money.

The Business Mastercard credit card allows businesses to do the following:

  • Consolidate business purchasing
  • Streamline billing and payment
  • Improve cash flow
  • Simplify expense management
  • Reduce paperwork
  • Maximize productivity
  • Enhance purchasing information and analysis

The Business Mastercard credit card includes the following features:

  • 3.99% introductory promotional annual interest rate† on balance transfers Cash back feature 2 convenient payment methods - Consolidated or Individual pay

Business Mastercard® Credit Card - Consolidated Pay

A better way to do business

Business Mastercard
  • Annual Fee: $0
  • Standard Annual Interest Rates: Purchases: 16.99%; Balance transfers: 16.99%; Cash Advances: 16.99%
  • 3.99% promotional AIR† on balance transfers for 6 months
  • $1,000,000 Common Carrier Travel Accident coverage**
  • Car Rental Collision Damage Waiver coverage**

Business Mastercard® Credit CardConsolidated Pay with Cash Back

A credit card for your business expenses

Business Mastercard
  • Annual Fee: $75
  • Standard Annual Interest Rates: Purchases: 16.99%; Balance transfers: 16.99%; Cash Advances: 16.99%
  • 3.99% promotional AIR† on balance transfers for 6 months
  • $1,000,000 Common Carrier Travel Accident coverage**
  • Car Rental Collision Damage Waiver coverage**
  • Cash back is earned on all eligible purchases made within a billing cycle

Business Mastercard® Credit Card - Individual Pay

A better way to do business

Business Mastercard
  • Annual Fee: $0
  • Standard Annual Interest Rates: Purchases: 16.99%; Balance transfers: 16.99%; Cash Advances: 16.99%
  • 3.99% promotional AIR† on balance transfers for 6 months
  • $1,000,000 Common Carrier Travel Accident coverage**
  • Car Rental Collision Damage Waiver coverage**

Business Mastercard® Credit Card - Individual Pay with Cash Back

A credit card for your business expenses

Business Mastercard
  • Annual Fee: $0
  • Standard Annual Interest Rates: Purchases: 16.99%; Balance transfers: 16.99%; Cash Advances: 16.99%
  • 3.99% promotional AIR† on balance transfers for 6 months
  • $1,000,000 Common Carrier Travel Accident coverage**
  • Car Rental Collision Damage Waiver coverage**
  • Cash back is earned on all eligible purchases made within a billing cycle

Cash Back Feature* Expand/Collapse

With the optional cash back feature, business owners can earn a percentage of their monthly net retail purchase transactions. The more the primary account holder and other authorized cardholders spend, the more cash back amount accumulates. Cash back is calculated based on a tier system.

Cash back accumulates on the control account only. The Business Owner / control account holder contacts our toll-free, 24-hour customer service line at 1-800-561-7849 to have the cash back amount credited to the account. The account must accumulate a minimum of $25 in cash back in order to redeem.

An annual fee is charged when the cash back feature is added. If you have the Consolidated Pay method, a $75 annual fee will be charged to the control account. If you have the Individual Pay method, a $75 annual fee will be charged to each individual account that has the cash back feature added.

* These are the highlights of the Cash Back program as they pertain to the CUETS Financial Business Mastercard credit card (the "Program"). Complete terms and conditions describing eligibility, accrual of cash back, and other important conditions, limitations, and restrictions can be found in the terms and conditions applicable to the Program.

Business Mastercard Credit Card Payment Methods Expand/Collapse

The Business Mastercard credit card allows the business to choose between two different payment methods: Consolidated Pay or Individual Pay.


Consolidated Pay Features

The structure is three-tiered.

  • Tier one: An account is created for the business at the company level. It is assigned the business’ total approved credit limit.
  • Tier two: A control account is created under the company level account. At this tier the credit limit matches that of the company level account, unless the business has more than one control account (i.e. a business may have one company account with a control account for each of its departments). In that case the control accounts would share the credit limit.
  • Tier three: A sub-account is created for each employee under the control account.  A credit limit is set for each sub-account that acts as a monthly spending limit. The sum of all sub-account credit limits equal the credit limit set for the control account.
The business receives a consolidated statement and each employee on the account receives a courtesy statement for information purposes only. One payment is to be remitted by the business and paid for the control account.

Purchases made throughout the day are transferred to the business’ control account every night. For an accurate balance, employees should consult the balance on the control account.


The consolidated payment option may be ideally suited to an incorporated business with many employees. By selecting this option, the business can make one payment on the account and control monthly spending limits.

Individual Pay Features

The structure is three-tiered.

  • Tier one: An account is created for the business at the company level. It is assigned the business’ total approved credit limit.
  • Tier two: An administration account is created under the company level account.
  • Tier three: An individual account is created for each employee and a credit limit is set for each individual account.
The combined credit limit of the individual accounts cannot exceed the business’ total approved credit limit. Purchases and cash advances are approved or declined based on the available credit of the individual account.

Employees receive a separate statement with an amount due and there is no summary statement created for the business. Payments must be remitted for each individual account.


The individual payment option may be ideally suited to a partnership with two or more partners. Selecting this option allows the partners to separate their finances.

Applying for a Business Mastercard Credit Card Expand/Collapse

There are 4 key elements to a Business Card application:

  1. Information about the business entity
  2. Details about individuals with specific authorities (Beneficial Owner(s), Account Administrator(s), Authorized User(s))
  3. Applicable resolutions (For-Profit, Not-for-Profit, Municipalities)
  4. Financial information

Approval

Business Mastercard credit cards are approved on the viability and financial strength of the business. The personal credit bureau report of the owner(s) is also taken into consideration.

 

Online BankingExpand/Collapse

Online Banking