AmaZing Cash® for Business from Zions Bank Review

When it comes to managing your business expenses efficiently, choosing the right credit card can make a world of difference. The AmaZing Cash® for Business from Zions Bank is one such card that has garnered substantial attention for its robust cash-back offerings and a suite of additional benefits tailored for business owners. This review will dissect the features, benefits, and potential drawbacks of this credit card to help you determine if it is the right fit for your business needs.

AmaZing Cash® for Business from Zions Bank Key Takeaways

– High Cash-Back Rates: Earn 3% cash back on common business-related expenses, 2% on travel-related purchases, and 1% on all other purchases.
– Generous Sign-Up Bonus: Receive $750 cash back when you spend $7,500 in the first 120 days.
– Introductory APR Offer: 0% Intro APR for the first 6 months from account opening on purchases and balance transfers.
– No Annual Fee: Enjoy all the benefits without any annual fee.
– Additional Business Travel Benefits: Includes Visa Concierge Service, Travel Accident Insurance, and Travel & Emergency Assistance.
– Variable APR: After the intro period, 18.49% Variable APR applies to purchases and balance transfers.

AmaZing Cash® for Business from Zions Bank Pros and Cons

Pros:

– No Annual Fee: Cost-effective for small businesses looking to maximize their rewards without an annual fee.
– High Cash-Back Rates: 3% on common business-related expenses and 2% on travel-related purchases can lead to significant savings.
– Substantial Sign-Up Bonus: Earning $750 cash back with a $7,500 spend in the first 120 days can give your business a quick financial boost.
– 0% Introductory APR: This offer can help manage cash flow by avoiding interest for the first 6 months.
– Comprehensive Travel Benefits: Visa Concierge Service, Travel Accident Insurance, and Travel & Emergency Assistance offer peace of mind for business travelers.
– Flexible Payment Options: Multiple payment channels and options to avoid interest charges.

Cons:

– Foreign Transaction Fee: This card includes a foreign transaction fee which can be a drawback for businesses with international dealings.
– Balance Transfer Fee: There is a 3% fee on balance transfers, which can add up if you plan to transfer a large balance.
– Variable APR: The 18.49% Variable APR can be high if you carry a balance post the introductory period.
– Cash Advance Fees: A 3% fee on cash advances can make this an expensive option for obtaining cash quickly.

AmaZing Cash® for Business from Zions Bank Benefits

Cash Back Rewards

The AmaZing Cash® for Business card is a strong contender in the business credit card market primarily due to its impressive cash-back structure. Here’s a deeper dive into how you can maximize these rewards:
– 3% Cash Back on Business-Related Expenses: For businesses that spend heavily on cellular services, internet services, office supplies, cable TV, and telecommunications, this card offers a generous 3% cash back. This can translate into significant savings over time, particularly for businesses with high recurring expenses in these categories.
– 2% Cash Back on Travel-Related Purchases: If your business requires frequent travel, the 2% cash back on airlines and vehicle rentals can help offset some of those costs. This is especially useful for businesses that need to send employees on trips regularly.
– 1% Cash Back on All Other Purchases: While not as lucrative as the other categories, a flat 1% cash back on all other purchases ensures that every dollar spent with this card earns you a reward.

Sign-Up Bonus

One of the standout features of the AmaZing Cash® for Business card is its sign-up bonus. By spending $7,500 within the first 120 days of account opening, you earn a $750 cash-back bonus. This is a substantial incentive that can help new cardholders quickly recoup initial business expenses and get a head start on earning rewards.

0% Introductory APR

For the first 6 months from account opening, the AmaZing Cash® for Business card offers a 0% Intro APR on purchases and balance transfers. This can be particularly beneficial for businesses looking to finance large purchases or manage existing debt without incurring interest charges. However, it’s important to note that a 3% fee applies to balance transfers.

Travel Benefits

For businesses with travel needs, this card offers several travel-related benefits:
– Visa Concierge Service: This service provides personalized information and referrals for travel, dining, and entertainment, helping you make the most of your business trips.
– Travel Accident Insurance: Offers coverage for employees traveling on company business, ensuring peace of mind during trips.
– Travel & Emergency Assistance: Provides help in case of unexpected medical incidents while traveling, adding an extra layer of security for business travelers.

Flexible Payment Options

The AmaZing Cash® for Business card offers flexible payment options, allowing you to manage your account and pay your bill online. You can also avoid interest charges by paying your balance in full by the due date each month. The card’s due date is at least 20 days after the close of each billing cycle, giving you ample time to manage your payments.

No Annual Fee

One of the most attractive aspects of the AmaZing Cash® for Business card is that it comes with no annual fee. This makes it an excellent choice for small businesses looking to maximize their rewards without adding an extra financial burden.

Key Considerations

Variable APR

While the 0% Intro APR offer is a great feature, it’s important to be aware that after the introductory period, the APR for purchases and balance transfers jumps to 18.49% Variable. This rate can be high if you carry a balance, so it’s crucial to manage your payments carefully to avoid interest charges.

Foreign Transaction Fee

One potential drawback for businesses with international dealings is the foreign transaction fee. This fee can add up if you frequently make purchases outside of the United States, which could diminish the overall rewards you earn.

Balance Transfer and Cash Advance Fees

The card comes with a 3% fee for balance transfers and cash advances, with a minimum charge of $10. While the introductory APR offer can help with managing debt, the balance transfer fee can be a consideration if you’re planning to transfer a large balance. Similarly, the cash advance fee can make it an expensive option for obtaining cash quickly.

Conclusion

The AmaZing Cash® for Business from Zions Bank is a compelling option for business owners looking to maximize their rewards on common business expenses and travel-related purchases. With a generous cash-back structure, a substantial sign-up bonus, and a 0% Intro APR offer, this card provides excellent value without the burden of an annual fee.
However, it’s important to consider the potential drawbacks, such as the foreign transaction fee and the variable APR after the introductory period. For businesses that frequently make international purchases or carry a balance, these factors could impact the overall value of the card.
Overall, the AmaZing Cash® for Business card is well-suited for businesses that want to earn significant rewards on their spending and enjoy additional travel benefits. By managing your payments carefully and taking advantage of the sign-up bonus and introductory APR offer, you can make the most of this card’s features and enhance your business’s financial health.