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If you’re a small business owner who’s in the market for a business credit card that offers a simple rewards structure and an intro APR on balance transfers, you may want to consider the Edward Jones Business Plus MasterCard Credit Card.
Along with offering the ability to earn 1.5 Loyalty Points on every net $1 spent up to $40,000 and 2 Loyalty Points on every net $1 spent over $40,000, this $0 annual fee card provides an interest-free period on balance transfers for a year.
Just know, the Edward Jones Business Plus MasterCard Credit Card is only available to current Edward Jones customers.
We highlight the pros and cons of the Edward Jones Business Plus MasterCard Credit Card and show how it compares to similar business credit cards, to help determine if it’s the right fit for you.
Intro Purchase APR
N/A
Regular Purchase APR
19.74%–29.74% Variable
Intro BT APR
0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening
Regular BT APR
19.74%–29.74% Variable
Annual Fee
$0
Cash Advance Fee
$10 or 4% of value, whichever is greater
Foreign Transaction Fee
$0
Balance Transfer Fee
0% introductory fee for balances transferred within the first 60 days; after that, 3% of each transferred amount, $5 minimum
Sign-up bonus
The Edward Jones Business Plus MasterCard Credit Card offers a solid sign-up bonus with a low spend threshold. Cardholders earn 15,000 loyalty points after you spend $1,000 in the first 90 days of account opening.
Rewards rate
Cardholders earn 1.5 Loyalty Points on every net $1 spent up to $40,000 and 2 Loyalty Points on every net $1 spent over $40,000.
Points can be redeemed for cash deposits into your Edward Jones account with Edward Jones Loyalty Invest,™ as well as travel, gift cards, merchandise, statement credits and donations.
Intro APR on balance transfers
If you’re carrying high-interest credit card debt, you can transfer it to the Edward Jones Business Plus MasterCard Credit Card without being subject to interest charges for a year. The card has a 0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening, after, a 19.74%–29.74% Variable applies.
There’s also a 0% introductory fee for balances transferred within the first 60 days; after that, 3% of each transferred amount, $5 minimum.
Annual fee
The Edward Jones Business Plus MasterCard Credit Card charges a $0 annual fee.
No intro APR on purchases
If you plan to carry a balance on your Edward Jones Business Plus MasterCard Credit Card from month to month, you will be subject to interest charges at an APR of 19.74%–29.74% Variable (variable).
Spend requirement to earn the highest rewards rate
To earn the highest cash back rate, you must spend at least $40,000 during a 12-month billing cycle.
Restrictions on who can apply
The Edward Jones Business Plus MasterCard Credit Card is only available to Edward Jones customers. To apply, you can either ask your Edward Jones financial advisor, or log in to your account and visit the loans and credit section under the accounts tab.
If you’re not an Edward Jones customer and want a business card that offers a slightly higher rewards rate in popular business spending categories, as well as an intro APR on purchases and balance transfers, the U.S. Bank Triple Cash Rewards Visa® Business Card may be a better fit.
With the U.S. Bank Triple Cash Rewards Visa® Business Card, cardholders earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases. Earn 5% cash back on prepaid hotels and car rentals booked directly in the Travel Rewards Center. No limit on total cash back earned.
The $0 annual fee card also offers the following sign-up bonus: Earn $750 in cash back — just spend $6,000 on the Account Owner's card in the first 180 days of opening your account.
If you need to finance a large business expense and pay it off over time, you can do so without incurring interest charges for more than a year. The card offers a 0% intro APR for 12 billing cycles on purchases, then an APR of 18.49% to 27.49% variable applies. Additionally, cardholders receive a N/A, then a 18.49% to 27.49% variable APR applies.
The U.S. Bank Triple Cash Rewards Visa® Business Card charges a balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater.
| Credit Cards | Our Ratings | Intro Balance Transfer APR | Regular Balance Transfer Rate | Balance Transfer Fee | |
|---|---|---|---|---|---|
|
Edward Jones Business Plus MasterCard Credit Card*
|
0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening | 19.74%–29.74% Variable | 0% introductory fee for balances transferred within the first 60 days; after that, 3% of each transferred amount, $5 minimum | ||
U.S. Bank Triple Cash Rewards Visa® Business Card*
|
N/A | 18.49% to 27.49% variable | Either 3% of the amount of each transfer or $5 minimum, whichever is greater | ||
Wells Fargo Business Platinum Credit Card*
|
N/A | 0% APR for 9 months | Variable APR of Prime + 7.99% to Prime + 17.99% | 4% or $10, whichever is greater | |
U.S. Bank Business Platinum Card*
|
N/A | 17.49% to 26.49% | Either 3% of the amount of each transfer or $5 minimum, whichever is greater |
The Edward Jones Business Plus MasterCard Credit Card is a good choice for small business owners who are in the market for a card that offers a simple rewards structure and intro APR on balance transfers.
But if you want the opportunity to earn a slightly higher rewards rate in popular business spending categories, like office supply store purchases and cellphone services, the U.S. Bank Triple Cash Rewards Visa® Business Card may be a better choice.
Additionally — along with a slightly longer intro APR on balance transfers than the Edward Jones Business Plus MasterCard Credit Card — the U.S. Bank Triple Cash Rewards Visa® Business Card offers an intro APR on purchases for more than a year.
The information related to the Edward Jones Business Plus MasterCard Credit Card, U.S. Bank Triple Cash Rewards Visa® Business Card, Wells Fargo Business Platinum Credit Card and U.S. Bank Business Platinum Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
