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Main: Amalgamated Bank Visa Business Bonus Rewards Card and Rewards Plus Card

How to Apply for the Amalgamated Bank Visa Business Bonus Rewards Card and Rewards Plus Card

If you are a business owner looking for a new company credit option, especially if you already bank with Amalgamated Bank, you should take a look at the Amalgamated Bank Visa Business Bonus Rewards Card and Rewards Plus Card. These cards both offer a standard rewards program of 1 point per dollar spent, with monthly bonus rewards of an additional 25% points for the Bonus Rewards Card and 50% monthly bonus points for the Rewards PLUS Card. So essentially, the Bonus Rewards Card and Rewards Plus Card will net you 1.25 or 1.5 points per dollar spent monthly, respectively. Other differences between the two cards are that the Bonus Rewards Card awards you a $25 cash back bonus after your first purchase and has no annual fee, whereas the Rewards PLUS Card gets you a $50 cash back after your first purchase and has an annual fee of $50. Aside from these differences, both cards are identical. They both have a credit score-based assigned APR ranging from 12.49% to 23.49%, a 0% introductory APR for the first 6 billing cycles, and carry the same associated fees for cash advances and the like. Of the two options, the Bonus Rewards Card is less expensive and only offers .25 less points, which may be offset by the lack of an annual fee (depending on how many points you expect to accumulate). If you would like to apply for either of these credit cards, scroll down the page and follow our step-by-step guide on how to complete the online application.

These credit cards are issued by a third party, Elan Financial Services (EFS). Before you submit your application, you may wish to consult their online privacy policy.

Requirements

To be eligible for this credit card you have to meet the following criteria:

  • Be 18 years of age or older
  • Have a valid US address
  • Have a valid Social Security number
  • Have a valid business tax ID number

How to Apply

Step 1 – To begin the application process, you will first need to go to the Amalgamated Bank credit card page hosted by EFS. Scroll down until you have located the Amalgamated Bank Visa Business Bonus Rewards Card and Rewards Plus Card and click the Apply Now link beneath the card that you wish to apply for.

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Step 2 – You can now begin filling out your application by providing the following information regarding your business:

  • Business name to appear on cards
  • Name of business
  • Business tax ID
  • Complete address (including suite #, city, state, and ZIP code)

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Step 3 – Next, you will need to provide all the additional company information listed below.

  • Years at address
  • Year business started
  • Business phone number
  • Gross annual sales
  • Legal structure
  • Nature of business
  • Type of industry
  • Country of formation
  • Number of countries with offices

Below that, in the dark grey field, use the drop down menu to indicate Yes or No as to whether you would like to enroll in the cash access program which gives you easy access to convenience checks and cash advances.

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Step 4 – If you currently have any existing accounts with Amalgamated Bank, select Yes next to the type of account and provide the necessary information.

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Step 5 – At this juncture, as the business owner, you will need to provide the following personal information:

  • Business owner type
  • Full name
  • SSN
  • Date of birth
  • Phone number
  • Email address
  • Complete address (including apartment #, city, state, and ZIP code)

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Step 6 – To complete this section, provide the information listed below as necessary in regards to your situation.

  • Alternate mailing address (if applicable)
  • Annual income
  • Ownership percentage
  • Whether you are a current or former political official or close to one

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Step 7 – Here, if you would like to make a balance transfer from an existing credit card to your new one select Yes and enter the required information. Next, you can add additional cardholders by clicking Yes beside either or both Beneficial Owners (must have at least a 25% stake in the company) and Employee Cards, and providing the necessary information for each additional cardholder.

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Step 7 -Now that you have finished filling out your application, you will need to read through the terms and conditions for this card and accept them by ticking the little box marked I accept the Terms and Conditions. When you are ready, click the Submit button to submit your application.

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That brings us to the end of the tutorial. If you completed all of the above steps successfully, then you should receive a response reasonably soon regarding your application. We wish you the best of luck in all of your financial endeavours and thank you for visiting Card Reviews.