Review: Webster Bank's Business Credit Cards
Each business credit card offers its own unique advantages and drawbacks. In this post, we’ll review each Webster Bank business credit card so you can determine if one of them is right for your company.
What You Should Know About Webster Bank Credit Cards for Businesses:
Webster Bank Credit Cards’ Features:
Every Webster Bank business credit card is equipped with chip technology, making international usage easy. The cards also offer benefits specifically for businesses, including expense management tools, free employee cards, and mobile payment options.
It’s important to note that the creditor and issuer of Webster Bank’s business credit cards is Elan Financial Services, which has partnered with over 1,400 financial institutions to deliver competitive services.
If you choose a rewards card, points can be redeemed through the Elan Rewards Program. You can also redeem points as cash back deposit to a checking or savings account with Webster Bank, or as a statement credit to your credit card account (within one to two billing cycles). There’s no cap on the number of points you can earn, and you’ll have five years to redeem them.
Which Webster Bank Business Credit Card Should You Choose?
Webster Visa Business Platinum Card
The Webster Visa Business Platinum Card is a non-rewards card that features low interest rates. Unfortunately, Webster Bank doesn’t publish their APR rates online, so you’ll need to contact them directly to learn more.
If you sign up, however, you’ll enjoy a zero percent introductory APR, allowing you to pay down other credit card balances.
Webster Visa Business Cash Card
If you prefer credit cards with rewards programs, the Webster Visa Business Cash Card is a good choice. You’ll earn three percent cashback on eligible purchases for office supplies, in addition to phone and TV services.
In addition, you’ll receive 1 percent cashback for all other eligible purchases and will get a $25 cash back reward after your first purchase.
Webster Visa Business Real Rewards Card
The Webster Visa Business Real Rewards Card is another attractive rewards credit card option. With this card, you’ll gain 1.5 points for every dollar spent on eligible purchases. The points are equal to 1.5 percent cashback.
In addition, you’ll be awarded 2,500 bonus points after you make your first purchase. However, it’ll take six to eight weeks for the points to be applied.
Webster Visa Business Rewards PLUS Card
The Webster Visa Business Rewards PLUS Card likewise offers 1.5 points for every dollar in eligible purchases. However, you’ll also gain 3 points for the purchases you make on cell phone services, hotel stays, and airfare, making this card a great choice for frequent travelers.
Further, you’ll get 20,000 bonus points if you make $2,000 in eligible purchases within the first three months of opening your account.
How to Apply for Webster Bank Business Credit Cards:
Webster Bank offers a few ways for you to apply for one of their business credit cards. To apply online, simply visit their small business credit card portal. Once you’re on the portal page, you can click on the link to the card you would like to apply for and then find the “Apply Now” button. It’s that easy!
If you don’t want to apply online, or have questions about the requirements or application process, you can call Webster Bank at 877-864-2037. In addition, you can visit one of their various branch locations to speak with a Webster Bank representative in-person.
Conclusion: The Right Business Credit Card Depends on Your Situation
All four of the Webster Bank small business credit cards offer compelling benefits and features. Still, you’re probably wondering which card is right for you? That depends on how you plan to use a credit card, and which features your business will benefit from the most.
If you want to pay down other credit card balances, for example, consider the Webster Visa Business Platinum Card and take advantage of its zero percent introductory APR. On the other hand, if you’re a frequent traveler, the Webster Visa Business Rewards PLUS Card offers a great cash back program.
Of course, there are many credit card providers that offer small business credit cards. If you aren’t already a loyal Webster Bank customer, it may be worthwhile to research other credit card providers’ options. Once you do that, you can weigh them all against each other, and find a card that best suits your small business’s financial needs.
Has your business used a Webster Bank business credit card? Tell us about your experience in the comment section below!
Editor’s Note: This post was updated for accuracy and comprehensiveness in September 2019.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.