Bank of Oklahoma Business Cash Preferred Card
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The Bank of Oklahoma Business Cash Preferred Card is a business credit card designed for business owners who want a cash back card that doesn’t charge an annual fee. The card has a short 0% introductory APR offer on purchases and balance transfers (6 months ), a $100 annual software credit, and free employee cards so you can rack up more rewards. It’s helpful if you have a checking or savings account with the Bank of Oklahoma because you can have your rewards deposited directly into your account. Otherwise, your choices are a statement credit or a rewards card. We dive into the details and your approval odds in this Business Cash Preferred review.
Our Rating
3.8/5.0
Welcome Offer
Earn $25 cash back
Annual Fee
$0
0% on Purchases
6 months
Reward Rate
1% – 3% cash back
0% on Balance Transfers
6 months
Welcome Offer
Earn $25 cash back bonus reward applied to your account after your first purchase.
Features & Benefits
| Security | EMV Chip Enabled, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Extended Warranty Coverage, Purchase Protection, 24/7 customer service |
| Travel Perks | Auto Rental Collision Damage Waiver, Emergency Travel Assistance, Roadside Assistance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars. 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency. |
| Regular APR | 19.24% to 28.24% (V) APR |
| Balance Transfers | 0% Intro APR for 6 months on balance transfers, then 19.24% to 28.24%(V) APR after that. |
| Balance Transfer Fee | Either 3% of the amount of each transfer or $5 minimum, whichever is greater. |
| Purchases | 0% Intro APR for 6 months on purchases, then 19.24% to 28.24% (V) APR after that. |
Pros & Cons
- Welcome offer
- No annual fee
- Up to 3% cash back
- High APR
- Foreign transaction fee
- Requires good credit
What Are the Best Alternatives?
U.S. Bank Triple Cash Rewards Visa® Business Card
Rating
4.5
Rewards Range
1% - 5% Cash Back
Annual Fee
$0
Ink Business Cash® Credit Card
Rating
4.8
Rewards Range
1%-5%
Annual Fee
$0
The American Express Blue Business Cash™ Card
Rating
4.6
Rewards Range
1% - 2%
Annual Fee
No annual fee