The Professional MasterCard is a credit card by Fifth Third for business owners. It not only comes with a rewards program, but a few business related perks as well. Read further to uncover the details of the Professional MasterCard.
The Basics
There is no annual fee for this card and an introductory APR of 0% on purchases for 12 billing cycles. After that, the APR is as low as 14.99%.
Business Benefits
The Fifth Third Professional MasterCard includes a year end statement that summarizes your credit activity. Transaction totals in categories such as “travel” and “restaurants assist in budgeting and provides a list of each purchase made with the credit card annually.
Real Life Rewards
Cardholders earn 2 points for each dollar spent at restaurants, office supply stores and utility payments made with the credit card, and one point for each dollar spent on all other purchases. There is no limit to the amount of reward points that can be earned and you can combine points from multiple cards.
All professional cards with Fifth Third are also eligible for the Rewards Accelerator which allows you to earn more points per dollar based on how much you use your card.
Redeeming Rewards Points
Reward points can then be redeemed for restaurant gift cards, paying loans and depositing into savings accounts. There are a number of other options for redeeming your points, including a 10% bonus if you use your points to contribute to a Goal Setter Savings Account or a 529 College Savings Plan.
Conclusion
The Fifth Third Professional MasterCard is a great card for business owners that are interested in earning rewards with their purchases, most notably business purchases. You have a number of ways to redeem your points for valuable rewards and offers and can earn quite a bit if you use the card on everything that you would normally buy for the business. It is also a great card that is currently offering a 0% introductory APR for a whole 12 billing cycles, which would save a large amount of money on office equipment and supplies.