Canadian Western Bank (CWB) CWB Low Rate Visa* Business Card
Credit Card
Description:
The Low Rate Visa Business Card from Canadian Western Bank prioritizes the financial goals of its users by providing low interest rates and installment payment options. It offers flexibility to respond to fluctuating transactions, ensuring that every dollar matters to the cardholder.
Comments on Funding:
Funding takes the form of a revolving credit through a business credit card.
This account offers the following features and inclusions:
Fees:
– Annual fee: $40.00;
– Additional card fee: $8.00.
Rates:
a) Annual interest rates – purchases: 12.90% fixed;
b) Annual interest rates – cash advances: 22.99% fixed.
Card Benefits and Inclusions:
– Lowest interest rates;
– Installment Pay;
– Advanced digital tools and reporting;
– Issue up to 15 additional cards to give employees convenient access to company funds;
– Installment Pay option that lets you divide larger purchases into smaller monthly payments;
– Free Boingo® wi-fi to stay connected worldwide at over 1 million public hotspots;
– Mastercard Travel Pass with access to airport benefits like lounge access and other travel perks;
– Built-in Mastercard savings and discounts for wherever your business takes you.
Security Features: Chip and PIN technology; MyCardInfo Online Card Management Tool; Emergency card replacement and cash disbursement
Continuous Intake
Eligibility:
Applicants must be business owners who:
1. want to reduce money spent on interest expenses and manage cashflow effectively;
2. tend to carry a balance from month to month;
3. have up front expenses with delayed payments from customers;
4. are focused on growing and want to keep operational costs down;
5. don’t want to pay an annual fee.
Application Steps:
Connect with the Relationship Manager using the bank’s online contact form.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
CWB Low Rate Visa* Business Card will be replaced with the CWB Business Mastercard®
About the author
Maurice
