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Business Visa Rewards Credit Card

Earn Unlimited Points for Every Dollar Spent

No Annual Fee

Redeem Points for Rewards, Including Cash Back

The Chartway Business Visa® Credit Card
guarantees you the following:

  • No Annual Fee
  • No Balance Transfer Fee*
  • Same Interest on Purchases and Cash Advances
  • No Cash Advance Fee
  • Contactless Payment for Safe, Secure Transactions
  • Loan Assure – Payment Cancellation in the Event of Death, Disability, Involuntary Unemployment
  • 24/7 Lost and Stolen Card Reporting
  • Access to 1,000,000+ ATMs Worldwide
  • Zero Liability Policy – Fraud and Identity Theft Protection

Table data for Business Visa® Rates
 Effective 07-22-2024
Term Variable APR as low as Prime Rate Minimum Loan Limit Maximum Loan Limit Alert Me
Open 14.99% 8.25 $2,500 $35,000
Payment Terms: 2% of the unpaid balance or $20, whichever is greater

Frequently Asked Questions

What are the qualifications?

  • Time in business for two or more years (exceptions for Startup Businesses)
  • A FICO score of 660 or greater
  • Debt Service Coverage Ratio (DSCR) of 1.25
  • One year tax returns
  • Liquidity to Total Debt of 7%
  • Combined Net Worth (borrower plus guarantor) at least 3x the loan amount and lines of credit
  • Businesses must have a Chartway account with Prime Share and be located within Chartway’s general trade areas (Virginia, Utah, Northern Arizona, Southern Nevada, North Carolina, Houston Texas area)
  • Business documentation and identification required from borrower and guarantors

What business types are eligible to apply for the Business Visa?  

  • Sole proprietorship, LLC, partnerships, and corporations 

Are non-profits and unincorporated associations eligible for the Business Visa?  

  • Incorporated non-profits are eligible as long as an officer is willing be the personal guarantor.  
  • Unincorporated associations are not eligible for the Business Visa.  

How long does a business need to be in operation before applying for the Business Visa?  

  • Start up business are eligible for credit limits up to $5,000 OAC* the first year in business, or up to $10,000 OAC* if the business has been in operation for at least one year.  
  • Generally a business will need to be in operation for at least 2 years for limits over $10,000. 

What are the credit limits available?  

  • The minimum is credit limit available is $2,500. 
  • The typical maximum available for a Business Visa is $35,000 OAC*. 

Will this be based on a business owner’s personal credit score or business credit score?  

  • Underwriting will be based on a combination of both business and personal credit factors.  

What is a personal guarantee required and its it required? 

  • A personal guarantee is a provision in the loan agreement that requires owners to be personally responsible for their company’s debt in case of default.  
  • Any person with at least 20% ownership in the company is required to provide a personal guarantee.  
  • A personal guarantee will be required for all business entities except sole proprietorships.  

How does a member apply for a Business Visa?  

  • Members can apply through in the Business section. 

How does a borrower increase their credit limit?  

  • An existing Business Visa card holder would need to submit a new Visa application requesting a higher limit.  

How do we designate or change authorized card holders?  

  • An authorized card holder form will be provided to the borrower.  

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