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
20.24%–29.99%
Intro BT APR
0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening
Regular BT APR
20.24%–29.99%
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 20.24%–29.99% 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 20.24%–29.99% (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 Business Triple Cash Rewards World Elite Mastercard® may be a better fit.
With the U.S. Bank Business Triple Cash Rewards World Elite Mastercard®, 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: Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 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 15 billing cycles on purchases, then an APR of 19.24% - 28.24% variable applies. Additionally, cardholders receive a 0% Intro on balance transfers for 15 billing cycles, then a 19.24% - 28.24% variable APR applies.
The U.S. Bank Business Triple Cash Rewards World Elite Mastercard® charges a balance transfer fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater.
| Credit Cards | Welcome Offer | Rewards Rate | Annual Fee | Intro Purchase APR | Regular APR | Intro Balance Transfer APR | Regular Balance Transfer Rate | Balance Transfer Fee | Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion | |
|---|---|---|---|---|---|---|---|---|---|---|
Edward Jones Business Plus MasterCard Credit Card
Learn More
on Elan Financial Services's secure site |
15,000 loyalty points after you spend $1,000 in the first 90 days of account opening | 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 | $0 | N/A | 20.24%–29.99% | 0% introductory APR for the first 12 billing cycles for balances transferred within 60 days from account opening | 20.24%–29.99% | 0% introductory fee for balances transferred within the first 60 days; after that, 3% of each transferred amount, $5 minimum | N/A |
Learn More
on Elan Financial Services's secure site |
|
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
Learn More
on U.S. Bank's secure site |
Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account. | 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. | $0 | 0% Intro APR for 15 billing cycles on purchases | 19.24% - 28.24% variable | 0% Intro on balance transfers for 15 billing cycles | 19.24% - 28.24% variable | Either 3% of the amount of each transfer or $5 minimum, whichever is greater | Excellent/Good |
Learn More
on U.S. Bank's secure site |
Wells Fargo Business Platinum Credit Card
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on Wells Fargo's secure site |
Earn a one-time $300 cash back bonus or 30,000 bonus points when you select a Business Card Rewards Program and spend $3,000 in the first three months of account open date. | Earn 1.5% cash back on qualifying purchases or earn 1 point on every $1 spend and receive 1,000 bonus points every billing cycle when you spend at least $1,000 on qualifying purchases. | $0 | 0% APR for 9 months | Variable APR of Prime + 7.99% to Prime + 17.99% | 0% APR for 9 months | Variable APR of Prime + 7.99% to Prime + 17.99% | 4% or $10, whichever is greater | Excellent/Good |
Learn More
on Wells Fargo's secure site |
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 Business Triple Cash Rewards World Elite Mastercard® 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 Business Triple Cash Rewards World Elite Mastercard® offers an intro APR on purchases for more than a year.
The information related to the Edward Jones Business Plus MasterCard Credit Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
