Truist Business Premium is a flat 2% card on a Visa Infinite Business chassis with a $299 annual fee, and the fee is the whole question. It is waived the first year and waived again in any year the business spends $100,000, which is the spending level where the card is clearly meant to live. Below that, paying $299 for 2% means you need roughly $15,000 a year in extra spending versus a free 2% business card just to break even, and free flat rate business cards are not scarce. The $1,000 bonus after $15,000 in 90 days is real money and lands inside the waived first year, so a business with that much near term spending can take the bonus, use the card for twelve months, and decide later. Redeeming into a Truist business deposit account adds a 10% Loyalty Cash Bonus, lifting the effective rate to about 2.2%, which is the version of the math Truist wants you to run.
Earn rates & credits
| Category | Rate |
|---|---|
Everything Else | 2% |
| Benefit | Value |
|---|---|
Annual Fee Waiver for High Spend The $299 annual fee is waived in any year the business puts $100,000 or more in eligible purchases on the card | $299 /yr |
Loyalty Cash Bonus 10% bonus on rewards redeemed into an eligible Truist business deposit account | 10% |
| Total annual credits | $299 |
Card details
Regular APR | 15.74%–24.74% variable |