The Truist Business Premium is a flat 2% cash back card aimed at high-spending businesses, and its $1,000 bonus after $15,000 in spend within three months is a strong start. The $299 annual fee is waived for the first year, and it is also waived in any year the business puts $100,000 or more in eligible purchases on the card, so the biggest spenders can effectively hold it for free. Below that threshold, the math is less friendly: you would need to spend about $15,000 a year just to earn back the fee at 2%, and plenty of no-fee cards match that flat rate. Redeeming into an eligible Truist business deposit account adds a 10% Loyalty Cash Bonus, and employee cards are free. It makes the most sense for Truist banking customers who can clear the $100,000 mark each year.
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 |