The Bank of Cyprus Business Visa Credit Card is designed to provide flexibility and efficient expense management for business owners. Here’s a detailed overview of its features and benefits.
Key Features and Benefits
Digital Wallet Integration
- Contactless Payments: Add your card to Apple Pay, BoC Wallet, Fitbit, Garmin, and Settle for fast, secure transactions.
Rewards Program
- Antamivi Scheme: Earn loyalty points on daily transactions, redeemable at participating businesses.
Travel Benefits
- Priority Pass: Access to 600 airport lounges in 300 cities across 100 countries for €24 per visit.
- Free Travel Insurance: Coverage for business trips and student travel insurance.
Purchase Protection
- Purchase Insurance: Free protection against theft, loss, and accidental damage for purchases in Cyprus and abroad.
- Mobile Phone Insurance: Coverage against theft or accidental damage during insured journeys abroad for business cardholders.
Additional Benefits
- High Usage Limits: Suitable for managing substantial business expenses.
- Interest-Free Period: 20 to 40 days interest-free period when the full balance is repaid.
- Contactless Transactions: Advanced technology ensures safe and efficient daily transactions.
- Security Features: SMS alerts and push notifications for enhanced security.
Online Banking Services
- Access banking services through Internet Banking, BoC Mobile App, CISCO Online, Internet Factoring, and IBU Gateway.
Customer Support and Information
- Contact Options: Reach out via phone (800 00 800), contact forms, and branches/ATMs.
- Useful Links: Information on commissions, charges, exchange rates, and more.
Pros and Cons of the Bank of Cyprus Business Visa Credit Card
Pros
- Digital Wallet Integration: Supports Apple Pay, BoC Wallet, Fitbit, Garmin, and Settle for seamless contactless payments.
- Rewards Program: Earns antamivi loyalty points on transactions, which can be redeemed at participating businesses.
- Travel Benefits: Access to 600 airport lounges worldwide through Priority Pass and free travel insurance.
- Purchase Protection: Free purchase protection insurance against theft, loss, and accidental damage.
- Mobile Phone Insurance: Coverage against theft or damage for mobile phones during insured trips abroad.
- High Usage Limits: Suitable for managing significant business expenses.
- Interest-Free Period: 20 to 40 days of interest-free credit when the full balance is repaid.
- Advanced Security: SMS alerts and push notifications for enhanced transaction security.
Cons
- Lounge Access Fee: Each visit to a Priority Pass lounge costs €24.
- Limited Lounge Network: Priority Pass may not cover all desired locations or provide extensive facilities at all airports.
- Eligibility Criteria: Stringent eligibility requirements may apply, making it less accessible for smaller businesses.
- Conversion Limitations: Loyalty points conversion to rewards may have specific terms and conditions.
- Annual Fees: Potentially higher annual fees compared to basic business credit cards, depending on usage and benefits.
Point by Point Comparison with Rival Cards
| Feature | Bank of Cyprus Business Visa | Hellenic Bank Business Visa | Alpha Bank Business Mastercard |
|---|---|---|---|
| Target Audience | Business and corporate cardholders | Business and corporate cardholders | Business and corporate cardholders |
| Digital Wallet Integration | Apple Pay, BoC Wallet, Fitbit, Garmin, Settle | Apple Pay, Google Pay | Apple Pay, Google Pay, Garmin Pay |
| Rewards Program | Antamivi points | Reward points | Reward points |
| Travel Benefits | Priority Pass (600 lounges, €24/visit) | No specific travel lounge benefits | No specific travel lounge benefits |
| Purchase Protection Insurance | Yes | Yes | Yes |
| Mobile Phone Insurance | Yes | No | No |
| Travel Insurance | Free travel insurance | Free travel insurance | Free travel insurance |
| Loyalty Points Conversion | 3 antamivi points : 5 award miles | Not applicable | Not applicable |
| High Usage Limits | Yes | Yes | Yes |
| Contactless Transactions | Yes | Yes | Yes |
| Interest-Free Period | 20 to 40 days | Up to 55 days | Up to 50 days |
| Security Features | SMS alerts, push notifications | SMS alerts, push notifications | SMS alerts, push notifications |
How does it compare?
The Bank of Cyprus Business Visa Credit Card stands out with its robust travel benefits, including Priority Pass access, comprehensive insurance coverage, and integration with multiple digital wallets. The Hellenic Bank Business Visa and Alpha Bank Business Mastercard also offer valuable features like reward points and free travel insurance but lack specific benefits such as mobile phone insurance and lounge access provided by the Bank of Cyprus card. Each card caters to business needs, but the Bank of Cyprus card offers more extensive travel-related perks.
Summary
The Bank of Cyprus Business Visa Credit Card offers a robust package of benefits tailored for business needs, including extensive travel perks, comprehensive insurance coverage, and a rewarding points system. While it provides significant advantages in terms of flexibility and security, potential users should consider the associated costs and eligibility requirements to ensure it meets their business needs effectively.
The Bank of Cyprus Business Visa Credit Card is a versatile tool for business owners, offering a combination of rewards, travel benefits, and comprehensive insurance coverage. Its integration with digital wallets and advanced security features ensures safe and convenient transactions, making it an excellent choice for managing business expenses both locally and internationally. For more details, visit HERE