Verizon partners with Mastercard and FNBO to launch small business credit card

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BASKING RIDGE, NJ and PURCHASE, NY – Today, Verizon Business announced that it is partnering with Mastercard and First National Bank of Omaha (FNBO) to launch a credit card designed to bring value to small business owners. In the coming weeks, existing Verizon Business wireless customers with fewer than 100 lines and an online account will be able to apply for the Verizon Business Mastercard®, which rewards purchases on daily business expenses such as qualifying office supplies. , technology, fuel, etc. .

“Mastercard has been a key partner for us on our journey to help our customers of all sizes transform their businesses and ensure they are truly ready for the future,” said Tami Erwin, CEO of Verizon Business. “We are thrilled to expand this partnership to include FNBO and bring this small business credit card to our customers at a time when we know they are looking for new avenues to grow their business, manage costs and maximize their use of new technologies to solve growing problems.

Here’s how it works:

The Verizon Business Mastercard®, issued by FNBO, will allow small business owners who apply and are approved to earn and redeem Verizon Business Dollars for devices or accessories for their business. Card benefits and features will include:

  • Earn Rewards on Eligible Business Purchases*: Earn 5% back on Verizon purchases, such as paying your Verizon bill or purchasing devices from Verizon, on your first billing cycle after opening the account ;1 3% back on Verizon purchases after your first billing cycle;1 2% back on qualifying fuel; electronic charging of vehicles and office supplies;2 and 1% cashback on other purchases.3

  • Get more for your business: Earn Verizon Business Dollars on qualifying business purchases and redeem them later for new devices or a Verizon Business wireless bill.

  • New Cardholder Bonus: Eligible Verizon Business customers who apply and are approved will receive $50 on their credit card statement after their first purchase on the card* (maximum one bonus per business account).

  • No annual fee4: The Verizon Business Mastercard® has no annual fees or foreign transaction fees.4

  • Fill your digital toolbox: The Verizon Business Mastercard® includes the World Elite Mastercard for Business® benefits to help small business owners reach new audiences and grow their business, including access to Microsoft Advertising, Zoho Social, and Zoho Marketing Pal.5

  • Assess your digital footprint: Cardholders will have access to Digital Diagnostic Assessment and Mastercard’s Digital Doors program, which provides ongoing resources for small business owners to create an online store, grow and manage their business, accept payments and protect their business.

  • Safe and Secure Payment Experience: The Verizon Business Mastercard® is activated without contact. Once the card is approved, cardholders can start making purchases immediately online, in-app and at point-of-sale after adding it to their mobile wallet.

  • Experience Peace of Mind: The Verizon Business Mastercard® offers Mastercard ID Theft Protection™, Zero Liability6 and price protection, plus 24/7/365 global emergency services.5

This new offering is the result of a multi-faceted partnership between Verizon Business and Mastercard to help provide solutions for global payment and commerce ecosystems. Global leaders continue to work together to couple Verizon’s 5G connectivity with the power of the Mastercard network. Today’s announcement complements Verizon’s network-as-a-service foundation and supports its key areas of growth and innovation in mobility, national broadband, edge mobile computing and business solutions, value market and network monetization.

“Small business owners today are looking for smarter, more relevant and personalized digital financial products that speed up their operations and make their lives easier,” said Chiro Aikat, Executive Vice President, Products and Engineering, North America. at MasterCard. “We are proud to expand our relationship with Verizon and FNBO to connect the small business segment with meaningful technology and benefits.”

“FNBO has a rich history of helping small businesses grow and succeed, so we’re thrilled to partner with such a respected brand as Verizon for the launch of their premier small business program,” said Jerry J.O. ‘Flanagan, executive vice president. , Partner Segment at FNBO.

To find out if your business is eligible to apply for the Verizon Business Mastercard® when it officially launches, visit http://verizon.com/business-mastercard-comingsoon.


* For the credit card rewards program, see the rewards terms and conditions in the credit terms summary. Return percentage equals points earned. Reward redemptions are available online, over the phone, or through select retail outlets. Please allow up to 8 weeks after you qualify for the statement credit offer for it to be applied to your account. Promotions and rewards are only available on purchases made directly from Verizon. Verizon Business Dollars are earned for each purchase of goods and/or services made by you or any authorized user on your credit card account, excluding refunds, credits (for returned merchandise or otherwise) and disputed billing items (each a “Net Purchase”).

1 15% back in Verizon Business dollars for net purchases made with the card at a Verizon-operated store, Verizon online, over the phone with a Verizon representative, or at an exclusive Verizon authorized retailer during the first card billing cycle of credit after account opening and 3% return after that. Verizon purchases include purchases of devices, accessories, and payment of your Verizon Wireless bill and/or your Verizon Wireline bill.

2 2% back in Verizon Business dollars for qualifying net purchases on the gas card, electric vehicle charging and qualifying office supplies.

3 1% back in Verizon Business dollars for all other eligible net purchases made with the card wherever Mastercard is accepted.

4 For more information on Annual Percentage Rates (APR), fees and other costs, please see the Credit Terms Summary provided at the time of application.

5 See your Benefits Guide when you become a cardholder for more details.

6 Certain terms, conditions and exclusions apply. To learn more about zero liability, visit mastercard.com/zeroliability.

Cards are issued by First National Bank of Omaha (FNBO®), pursuant to license from Mastercard International Incorporated. Mastercard is a registered trademark and the circle design is a trademark of Mastercard International Incorporated.

© 2022 Verizon

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