Synovus Business Credit Card Review, Plus Top Alternatives

Sally Lauckner

Sally Lauckner is the managing editor at Fundera. Previously, she was senior editor at SmartAsset, a Y Combinator-backed personal finance startup. She has a decade of experience in digital media and has held various editorial roles at the Huffington Post, AOL.com, and Glamour magazine. Sally has a master's degree in journalism from New York University and a bachelor's degree in English from Columbia University. Email: sally@fundera.com.
Advertiser Disclosure

Finding the right small business credit card means wading through a ton of different options. Not only are there tons of providers out there, there are also heaps of different offers from which to choose. It’s not easy to pick the right business credit card without knowing your options, and which cards might offer the right perks for your purchasing patterns. But if you’re looking at Synovus business credit cards, you have three great options at your disposal.

Synovus business credit cards come in three varieties, each of which is tailored toward a specific goal. Whether you’re a road warrior who wants to maximize your travel expenses, a frequent shopper for certain goods or services, or simply want a credit card with a low interest rate, Synovus business credit cards give you a range of opportunities to make your money work for you.

Here’s what you need to know about the different Synovus business credit card options out there, and how to pick the right one for your specific needs.

Synovus Business Travel Rewards Visa Credit Card

The Synovus Business Travel Rewards Visa Credit Card is designed for the entrepreneur on the go. The card offers five times the points (up to $5,000 annually) on travel purchases, such as hotels, airlines, car rentals, and vacation packages. Plus, you’ll also be able to select a specific category for additional points opportunities, as Synovus allows you to select from one of its “Dynamic Earn” categories every quarter, and gives you four times the points for purchases made within the category you select.

The Upsides to the Synovus Business Travel Rewards Visa Credit Card

If you’re looking to make the most of your travel expenditures, the Synovus Business Travel Rewards Visa Credit Card is a great card to consider. You’ll get an introductory 0% APR for the first six months, no membership for the first year, and only pay $50 for every year afterward. Plus, your points are worth 20% more if you use them toward travel rewards. You’ll get points at the regular rate for all other purchases. Once the intro APR period ends, your regular APR will vary depending on your creditworthiness and the Prime Rate. Check the issuer’s terms and conditions for the latest APR information.

That’s not all that this Synovus business credit card offers, either. You can also pay off purchases with the points you’ve earned, which is great for months where your cash flow might be tighter than usual. You can also issue up to 19 cards for employees, which makes your points earning power go that much further.

The Downsides to the Synovus Business Travel Rewards Visa Credit Card

This travel card doesn’t come with a ton of downsides. In terms of fees and features, it’s either on par with the competition, or even slightly less expensive. A business credit card with these kinds of features rarely comes for free—you’re bound to pay an annual membership fee with just about any other travel rewards card worth its salt. All told, the $50 is a relative bargain compared to its competitors.

The biggest potential drawback are regional limitations. To get a Synovus business credit card, you must reside in Alabama, Florida, Georgia, North Carolina, South Carolina, or Tennessee. If you’re in another state, you won’t be able to get this (or any other) Synovus credit card.

synovus business credit card

Synovus Rewards Business Visa Credit Card

The Synovus Rewards Business Visa Credit Card is another option for small business owners who want a card that offers extra points for frequent purchases in specific categories, all without an annual fee. This card lets you select one Dynamic Earn category every month, which makes your spending go further by way of three times the points. Plus, you’ll get an introductory 0% APR for the first six months, as well as balance transfers and overdraft protection.

The Upsides to the Synovus Rewards Business Visa Credit Card

When you’re looking for a business credit card without a monthly fee, you often give up certain perks in exchange. Not every business credit card lets you pick certain categories for additional points, and even fewer let you choose a new category every quarter. This card does—all while giving you half a year to make purchases with no interest.

The Downsides to the Synovus Rewards Business Visa Credit Card

The Synovus Business Travel Rewards Visa Credit Card does a better job of making your purchases work for you. The travel perks it provides outshine the more general points system found with the Synovus Rewards Business Visa Card, which provides the same 3x points opportunities without the additional 5x options on travel. If you spend more than $50 a year on travel costs, you’re likely leaving money on the table with this card.

Synovus Business Visa Credit Card

The Synovus Business Visa Credit Card is at the lowest end of the spectrum of cards on offer. If the other cards provide you with different ways to maximize your spending, this card offers an alternative by way of lower interest rates. You’ll get a 0% APR introductory rate for six months, as well as a zero-annual-fee business credit card, but you won’t get access to any of the points provided with Synovus’ other options.

The Upsides to the Synovus Business Visa Credit Card

Compared to Synovus’ other two credit cards, there aren’t nearly as many upsides to going with a Synovus Business Visa Credit Card. The only advantage to this card is its ease of application, as it’s designed to support early-stage companies or those that may have a more difficult time paying off credit card balances. You’ll get free balance transfers if you request them over the phone or at a local bank branch, which is perhaps the card’s biggest perk.

The Downsides to the Synovus Business Visa Credit Card

Out of Synovus’ three credit card options, this one is by far the weakest. There are no perks or incentives by way of points, which means you’re not able to take advantage of additional purchasing power or opportunities that the other two cards provide. If you’re new to the game, don’t have stellar credit history, or want to maximize your ability to transfer balances, then this card might be right for you. Otherwise, you might want to look elsewhere.

synovus business credit card

Top Alternatives to Synovus Business Credit Cards

If you’re not an avid traveler, Synovus’ best card might not be the best option for you. The bank’s other two cards are relatively on par with most of its competitors at other banks, which doesn’t provide much incentive to open an account for most small business owners. Here are a few comparable cards that offer many—if not better—perks for your purchases.

Look to the Chase Ink Business Cash for More Points Than the Synovus Rewards Business Visa Credit Card

The Synovus Rewards Business Visa Card is a relatively middle-of-the-road business credit card, insofar as it comes with additional points opportunities in exchange for no annual fee. The Chase Ink Business Cash card, however, offers better points, as well as a $500 signup bonus (if you spend $3,000 in the first three months). Instead of maxing out at 3x points for any given category, the Chase Ink Business Cash card gives you the opportunity to get 5% cash back on specific categories—office supply stores, internet, cable, and phone services—for the first $25,000 you spend. You’ll also get 2% cash back for the first $25,000 spent at gas stations and restaurants, and 1% cash back on everything else.

Unless you’re truly interested in earning points, you may stand to get more for your money by way of cash back with the Chase Ink Business Cash card. Plus, Chase operates in more states across the country, which means you’re more likely to find that you’re eligible for a card depending on where your business is located.

Look to the Chase Ink Business Unlimited Card for a Better Balance Transfer Card Than the Synovus Business Visa Credit Card

Moving your existing credit card balance to another option with a lower interest rate is usually a good idea. You’ll end up paying less over time, and the right card may even make it easier for you to move money over. But the Synovus Business Visa Credit Card only seems to offer that one perk—easy balance transfers.

The Chase Ink Business Unlimited Card, on the other hand, doesn’t just stop there. This card makes it easy for you to transfer your balance, but it also offers 1.5% cash back on all spending (with no yearly cap), and you can get $500 cash back if you spend $3,000 within the first three months. You’ll get an 0% introductory APR for twice as long as you would with Synovus, but with more opportunities to make your credit card work for you. Remember after the 12-month 0% intro APR period ends on the Chase Ink Business Unlimited, your APR will vary with the Prime Rate and your creditworthiness.

The Verdict on Synovus Business Credit Cards

Unless you know you’re going to hit the road, the airport, or hotels frequently, there may be greener pastures outside of what Synovus offers with its credit cards. The Synovus Business Travel Rewards Visa Credit Card is a great option if you’re looking to make the most of your travel budget, but the other two cards offer relatively average perks for your purchases. If you’re not banking on travel being a big portion of your credit card spending, consider all of your options before you make a move. You may end up finding a better deal elsewhere. Chase offers two compelling options that outshine comparatively similar Synovus cards, which might suggest that you broaden your search and continue to dig around for the best deal.

Editorial Note: Fundera exists to help you make better business decisions. That’s why we make sure our editorial integrity isn’t influenced by our own business. The opinions, analyses, reviews, or recommendations in this article are those of our editorial team alone. They haven’t been reviewed, approved, or otherwise endorsed by any of the companies mentioned above. Learn more about our editorial process and how we make money here.

Sally Lauckner

Sally Lauckner is the managing editor at Fundera. Previously, she was senior editor at SmartAsset, a Y Combinator-backed personal finance startup. She has a decade of experience in digital media and has held various editorial roles at the Huffington Post, AOL.com, and Glamour magazine. Sally has a master's degree in journalism from New York University and a bachelor's degree in English from Columbia University. Email: sally@fundera.com.

Our Picks