FNBO Evergreen Business Card With 2% Cashback, $200 Signup Bonus; $100 Annual Bonus Possible

Update 11/5/21: Card now has a $200 sign up bonus. ($200 bonus is on the personal version of this card as well.) Hat tip to reader Tsarinax

Original Post:

FNBO has various 2% cards which we’ve written about before. Reader Julian reaches out to let us know about another FNBO option called the Evergreen Business Rewards Visa card. The card has no annual fee and earns 2% back on all purchases.

FNBO does not report their business cards to personal credit bureaus, so some might find this 2% useful.

Even more interesting, the card offers an annual bonus of 10,000 points if you spend $10,000 during the year. That ends up at 3% earning rate on your first $10,000 spend and makes the card a little more interesting than a standard 2% card.

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Pang
Pang

anyone got the 10k spend extra 100 bonus yet? or need to wait for the 12th statement to see it??

Pang
Pang

so far still didn’t see the extra 100 bonus. i guess will wait till end of the year and check again.

Pang
Pang

DP: 10k points received today, exact 1 yr from date of opening.

Lyte
Lyte

I feel this post is a bit misleading and should be updated. This card isn’t a 3% cash back card if you spend $10,000 in one year to get the bonus. It is only a 3% cash back card if you spent exactly $50,000 over five years and exactly $10,000 in each of those five years. This is due to the fact the card’s “cash back” earned can only be redeemed to cash in $25 increments. If you stick with it 5 years and that all works out for you, then that’s fine. However, cashback cards have certainly changed rates and terms in the past: and FNBO cards change terms every 2-3 years it seems. Please update “That ends up at 3% earning rate on your first $10,000 spend” to something like “That ends up at 3% earning rate on your first $10,000 spend if you do this in each of five years (due to the $25 cash redemption increments)” instead.

snailrock
snailrock

OOS DP: Applied online as an existing cardholder (Getaway via a targeted mail offer) by putting a dummy ZIP code in the prequalification tool. Got the “You will get a decision by mail” message, approval email the next day. Glad to avoid the call

For other info: 4k projected biz income, put under 1k for checking account balance, relatively low personal income. Pulled Experian.

Dan
Dan

Not sure when this happened, but FYI the business version of this card is now a World Elite Mastercard. Wasn’t paying close attention so I didn’t realize this until after I applied and was approved. Sort of a bummer as I was looking for a card to use at Costco. So, I went ahead and applied for the personal version too (which is still Visa Signature). Also approved. Hopefully the hard pulls got combined.

m
m

After a long waitlist period during which I totally forgot about the card, I finally was able to apply in June and received it in July. Process was smooth

August 03 – Estimated tax payment of $1250
August 24 – Noticed 22,500 reward points sitting in my account. Able to cash out in increments of 2500 for a statement credit. No problem at all.

Fred
Fred

How does one join the waitlist? Or is it closed?

Mark
Mark

No go in Phoenix, Arizona

Mawney

Applied on 6/17, pulled TU (6/24), went pending and denied today.
Note that I applied when I received an email “It’s your turn to apply”, this a couple months after I joined the waitlist.

m
m

Finally offered a chance to apply after several months on the waitlist. Approved instantly. Offer email included all the same bonus offer info as on the original site.

Odd section on the application asks for the bank your checking account is with, a contact there, and a phone number. I put Chase, Customer Service, and the number off of Google. Still approved.

Dan
Dan

“Unfortunately we do not offer this product in your area. Existing customers, call us at 800-642-0014”.

Denver, CO ZIP Code. When entering Boulder, CO ZIP Code, I can move forward. There are actual FNBO branches in Boulder, CO but none in Denver.

Should have opened this when I had the chance….

Pang
Pang

Also got this message with a N. CA zip code. 🙁

Joey T
Joey T

If you put the zip code “80301” you can get to the application anyway.

Anyone want to risk a hard pull?