Eastern Bank Business Card

The Eastern Bank Business Card is a business credit card for business owners who need a long 0% introductory APR. Other than that, this card doesn’t offer much: there is no welcome offer and no rewards. However, if your business needs cash that you don’t have, this card could be a good way to get on your feet. Keep in mind there is a balance transfer fee, so it’s not free money. We dive into the details and your approval odds in this Eastern Bank Business review.

Eastern Bank Business Card

Our Rating

3.6/5.0

Welcome Offer

None

Annual Fee

$0

0% on Purchases

18 months

Reward Rate

No rewards

0% on Balance Transfers

18 months

Features & Benefits

SecurityEMV Chip Enabled, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsExtended Warranty Coverage, Purchase Protection, 24/7 customer service
Travel PerksAuto Rental Collision Damage Waiver, Emergency Travel Assistance, Roadside Assistance

Rewards

Interest Rates & Fees

Annual Fee$0
Foreign Transaction Fee2% 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 APR17.24% to 26.24% (V) APR
Balance Transfers0% Intro APR for 18 months on balance transfers, then 17.24% to 26.24%(V) APR after that.
Balance Transfer FeeEither 3% of the amount of each transfer or $5 minimum, whichever is greater.
Purchases0% Intro APR for 18 months on purchases, then 17.24% to 26.24% (V) APR after that.

Pros & Cons

Pros
  • No annual fee
  • 0% introductory APR for purchases and balance transfers
Cons
  • No welcome bonus
  • No rewards
  • High APR
  • Foreign transaction fee
  • Requires good credit

What Are the Best Alternatives?

Ink Business Unlimited® Credit Card
Ink Business Unlimited® Credit Card

Rating

4.6

Rewards Range

1.5%

Annual Fee

$0

The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card

Rating

4.6

Rewards Range

1% - 2%

Annual Fee

No annual fee

U.S. Bank Triple Cash Rewards Visa® Business Card
U.S. Bank Triple Cash Rewards Visa® Business Card

Rating

4.5

Rewards Range

1% - 5% Cash Back

Annual Fee

$0

Related Articles