Eastern Bank Smart Business Rewards Card
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The Eastern Bank Smart Business Rewards Card is a business card designed for those who want to earn cash back on unique purchases. The card automatically figures out your two highest spend categories each month and rewards you with 2x points in those categories. There are quite a few categories on the list: 48 categories and subcategories, so if you spend a lot of money in a category not often earmarked for elevated rewards, this card might work for you. There is small welcome offer as well. This is a decent card, but not a standout. We dive into the details and your approval odds in this Eastern Bank Smart Business review.
Our Rating
4.0/5.0
Welcome Offer
Earn 20,000 bonus rewards points
Annual Fee
$0 introductory annual fee for the first 12 months. After that, $95 for Account Owners.
0% on Purchases
None
Reward Rate
1x to 2x points
0% on Balance Transfers
None
Welcome Offer
Earn 20,000 bonus rewards points when you spend $500 in the first 90 days of account opening.
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, Travel Accident Insurance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 introductory annual fee for the first 12 months. After that, $95 for Account Owners and $0 for Authorized Employees. |
| Foreign Transaction Fee | None |
| Regular APR | 21.24% to 26.24% (V) APR |
Pros & Cons
- Welcome offer
- No foreign transaction fee
- 2x points on top two spend categories
- Annual fee
- High APR
- Requires good credit
What Are the Best Alternatives?
U.S. Bank Business Leverage® Visa Signature® Card
Rating
4.5
Rewards Range
1% to 5% cash back
Annual Fee
$0 intro annual fee the first year, $95 thereafter
The American Express Blue Business Cash™ Card
Rating
4.6
Rewards Range
1% - 2%
Annual Fee
No annual fee
Ink Business Premier® Credit Card
Rating
4.9
Rewards Range
2%-5%
Annual Fee
$195