Security Service Power Business Cash Back Credit Card

Our review of the Security Service Power Business Cash Back Credit Card

Are you looking for a business rewards card that offers a lot of value without an annual fee? The Security Service Power Business Cash Back Credit Card might be the perfect fit for you. This card, offered by Security Service FCU, provides extra cash back on a variety of categories and comes with a 0% intro APR period for both purchases and balance transfers.

Who Can Join Security Service FCU?

Security Service FCU is a federal credit union based in San Antonio, Texas, serving individuals and companies in Colorado, Texas, and Utah. Membership is open to those who live, work, worship, volunteer, attend school, or have a business address in these states. Eligibility also extends to select military units or branches, Department of Defense employees, and family/household members of existing members.

How to Earn Cash Back

With the Security Service Power Business Cash Back Credit Card, you can earn 3% cash back on gas, travel, restaurants, and wholesale clubs. While these categories may not align with every business’s spending habits, they still offer valuable rewards. Keep in mind that Costco purchases only earn 1% cash back. All other purchases earn the base rate of 1% cash back.

Modest Signup Spending Bonus

New cardholders can earn a $50 cash back bonus by spending $1,000 on purchases within the first 90 days. While this bonus is relatively modest, it’s a nice perk for new cardholders.

How to Redeem Cash Back

Redeeming cash back rewards with Security Service FCU is easy. You can choose between a statement credit or a direct deposit into your account. Cash back must be redeemed in increments of $25, but rewards never expire.

Introductory Interest-Free Period

Enjoy a 0% intro APR period on purchases and balance transfers for the first six months with the Security Service Power Business Cash Back Card. This feature can help you finance investments or pay down existing balances.

An Extremely Competitive APR

Once the introductory period ends, you can expect a competitive standard interest rate, ranging from below 8% to around 15%. This rate is lower than the national average for business cards, making the Cash Back Card a cost-effective option for carrying a balance.

Other Card Features

In addition to cash back rewards, the card offers savings through the Mastercard Easy Savings Program. You can earn extra savings on hotels, restaurants, business travel, and fuel purchases. The card also includes standard Mastercard perks like fraud protection, identity theft resolution, rental insurance, and concierge service.

Should You Apply for the Security Service Power Business Cash Back Card?

While the rewards structure of the Security Service Power Business Cash Back Card may not be the most exciting, its competitive interest rates make it a solid choice for businesses looking to save on financing costs. Consider your spending habits and priorities to determine if this card is the right fit for your business needs.