5 Best M&T Credit Cards

(April 2024)

How to Get an M&T Business Credit Card

In This Article

If you’re in search of credit cards that specifically meet your traveling and shopping needs, the best Miles and Travel credit cards can be your  best alternatives. These exceptional financial tools offer you a gateway to a world of exclusive benefits where you enjoy rewards, including miles, points, and rewards that elevate your travel experiences to new heights.

It doesn’t matter whether you’re a frequent jetsetter seeking premium travel benefits or an avid shopper looking to maximize rewards, this article carefully curates a selection of top M&T credit cards that can empower your aspirations and unlock a world of possibilities. Welcome to the world of financial freedom and unparalleled possibilities.

  1. M&T Visa® Signature Credit Card
  2. M&T Visa® Credit Card with Rewards
  3. M&T Visa® Credit Card
  4. M&T Secured Credit Card
  5. M&T Business Rewards Credit Card

Overview of 5 Best M&T Credit Cards

How to Choose Best M&T Credit Cards

Pros & Cons of Best M&T Credit Cards

What to Watch Out For

Pro Tips

Recap

1. M&T Visa® Signature Credit Card

M&T Visa Signature Credit Card

The M&T Visa® Signature Credit Card is a good option for you if you’re looking for a no-annual-fee credit card with unlimited 1.5% cash back on all purchases. It also offers you a sign-up bonus of 10,000 bonus points, worth $100 cash, after you make $500 in purchases in the first 90 days.

Pros

  • Offers an unlimited 1.5% cash back.
  • Gives sign-up reward of 10,000 bonus points
  • Charges no annual fee.
  • Provides an extended warranty protection.
  • Ensures travel accident insurance.
  • Promises purchase protection.

Cons

  • Charges a higher APR (15.74% to 22.74%).
  • Requires foreign transaction fee (3%).
  • Gives no introductory APR offer.

Thanks to the M&T Visa® Signature Credit Card, you earn 1.5% cash back on all purchases with this with no spending caps. This means you can earn a significant amount of cash back over time, even if you only use the card for everyday purchases. Plus, you attract a sign-up reward of 10,000 bonus points, worth $100 cash, after you make $500 in purchases in the first 90 days. Think of the sign-up bonus as an opportunity to start earning some extra cash back right away.

That’s not all! The M&T Visa® Signature Credit Card also offers other benefits, such as extended warranty protection, travel accident insurance, and purchase protection. These benefits can help you save money and protect your purchases in the event of a loss or damage. One last thing, this card has no annual fee, so you can use it for free year-round.

2. M&T Visa® Credit Card with Rewards

M&T Visa Credit Card with Rewards

The M&T Visa® Credit Card with Rewards is a no-annual-fee credit card that offers you unlimited 1 point per $1 spent on all purchases. You can redeem your points for cash back, travel, merchandise, or gift cards. The card also offers you a 0% introductory APR on purchases and balance transfers for the first 12 billing cycles, after which the APR is variable.

Pros

  • Requires no annual fee.
  • Offers an unlimited 1 point per $1 you spend.
  • Features 0% introductory APR on purchases and balance transfers for 12 billing cycles.
  • Offers rewards you can redeem for cash back, travel, merchandise, or gift cards.

Cons

  • Does not allow you to transfer rewards.
  • Charges a higher APR after the introductory period (19.24% – 23.24%).
  • Deducts foreign transaction fees.

One of the rewards that stands the M&T Visa® Credit Card with Rewards out is its no annual fee policy. That means you can save money on your credit card costs as you also attract an unlimited 1 point every dollar you spend. Think about it: The card charges a 0% introductory APR on all purchases and balance transfers—an opportunity to save on interest especially if you’re carrying a balance or making a large purchase. Also, the credit card allows you to redeem your rewards for cash back, travel, merchandise, or gift cards.

3. M&T Visa® Credit Card

M&T Visa Credit Card

The M&T Visa® Credit Card is a good option for you if you’re hellbent on getting a credit card that promises a no-annual-fee credit card with unlimited cash back rewards.  Using the M&T Visa® Credit Card is a wonderful way for you to earn cash back on your everyday purchases, and the cool thing about the card is that it doesn’t have any hidden fees.

Pros

  • Offers unlimited 1.5% cash back on all purchases.
  • Gives 10,000 bonus points after you spend $500 in the first 90 days.
  • Requires no annual fee.
  • Charges no foreign transaction fees.
  • Features chip and contactless technology.
  • Promises fraud protection.
  • Offers travel rewards.

Cons

  • Charges a higher APR that resonates between 18.24% and 22.24%.
  • Requires a 4% balance transfer fee.
  • Charges a 3% foreign transaction fee for cash advances.

Get unlimited 1.5% cash back on every dollar you spend, no matter what you buy. There are no spending caps, so you can earn as much cash back as you want. You receive 10,000 bonus points after you spend $500 in the first 90 days —The bonus points are worth $100 cash, so you essentially get a $100 discount on your first $500 in purchases.

You make no annual fee, so it’s your best option if you’re looking for a no-fuss credit card. There’s no annual fee to worry about, meaning that you can keep your costs down. What about foreign transaction fees? You won’t have to pay any extra fees when you use your card abroad. The M&T Visa® Credit Card also supports chip and contactless technology, fraud protection, and travel.

4. M&T Secured Credit Card

M&T Secured Credit Card

Do you want to build or rebuild your credit history? If yes, the M&T Secured Credit Card is a good option for you. It has no annual fee, offers free access to your credit score, and considers your application even with fair credit. However, the high APR and lack of rewards or cash back are some of the downsides you need to consider before getting the credit card.

Pros

  • Requires no annual fee.
  • Offers free access to your credit score.
  • Considers applicants with fair credit.
  • Paves opportunity for an unsecured card.

Cons

  • Requires security deposit.
  • Features no rewards or cash back.
  • Charges a higher APR of 22.24%.

One cool thing about the M&T Secured Credit Card is that if you use it responsibly, you may be eligible to graduate to an unsecured card after a certain period of time. This means that you get your security deposit back and become eligible to use the card with no restrictions. Again, the credit card offers you zero liability protection which means that you’re not responsible for any unauthorized charges the bank makes on it.

5. M&T Business Rewards Credit Card

M&T Business Rewards Credit Card

Consider the M&T Business Rewards Credit Card if you run a small business and want to earn rewards on your business related purchases. You incur no annual fee and attract a 0% introductory APR on balance transfers and purchases. Plus, you get the Visa® Business benefits. If you’re responsible with the credit card, you can earn rewards and save money on interest.

Pros

  • Charges no annual fee.
  • Offers 1.5 points per dollar spent.
  • Gives a 0% introductory APR on balance transfers and purchases for 12 billing cycles.
  • Charges no foreign transaction fees.
  • Features an easy online account management.

Cons

  • Limits credit limit to $50,000.
  • Requires strict eligibility requirements that makes it not a best alternative for everyone.

Enjoy Visa® Business card benefits with the M&T Business Rewards Credit Card. This gives you access to Visa® rewards, such as travel discounts and purchase protection. You pay no foreign transaction fee using the credit card—which is a great plus if your business has anything to do with international transactions.

Overview of 5 Best M&T Credit Cards

The 5 Best M&T Credit Cards offer a range of benefits to cater to unique needs. For example, the M&T Visa Signature Credit Card provides excellent rewards on everyday purchases, while the M&T Visa® Credit Card with Rewards offers cashback on popular spending categories. If you seek a low APR, the M&T Visa® Credit Card is a reliable option. The M&T Business Rewards Credit Card can deliver its best to you if you own a business. Moreover, the M&T Visa Secured Credit Card helps build credit responsibly. All these credit cards come with added rewards such as fraud protection, mobile payment options, and exceptional customer service, making M&T a trusted choice for your credit solutions.

How to Choose the Best M&T Credit Cards

Pay attention to your specific financial needs and spending habits before you zero-in any of the M&T credit cards. Remember to:

  • Assess your needs. Determine your primary usage for the credit card. Are you looking for rewards, cashback, or a low-interest rate? Answer that question.
  • Review rewards and benefits. Compare the rewards and perks each M&T credit card offers. Look for the credit card that aligns with your spending patterns to maximize benefits.
  • Check fees and APR. Evaluate the annual fees and APR rates on each credit card. Opt for a credit card with reasonable fees and a competitive interest rate.
  • Think about credit limit: Ensure that the credit limit you get meets your financial requirements without stretching your credit utilization ratio too high.

Pros & Cons of the 5 Best M&T Credit Cards

  • Offer reward programs.
  • Feature cashback options.
  • Give travel benefits.
  • Support fraud protection.
  • Allow mobile payment options.
  • Charge higher APR.
  • Offer limited traveling rewards (in some cards).
  • Require security deposit (M&T Secured Credit Card).

What to Watch Out For

Getting a credit card can help you improve your credit score and meet any financial obligations you have. Before you get an M&T credit card, look out for the APR, annual fees, or hidden charges. Fortunately, M&T doesn’t charge an annual fee for most of its credit cards. Are you cool with the APR? Prioritize the credit limit. Does it align with your financial needs? If yes, submit an official application for the credit card. Another factor to look out for is the penalty fees for overdue payments or exceeding the credit limit. It is not bad if you have an idea of the consequences if you make overdue payments or exceed your credit limit.

Pro Tips

  • Evaluate your needs. Assess your spending habits and choose a card that aligns with your lifestyle.
  • Check fees and APR. Look for cards with low or no annual fees and competitive interest rates.
  • Compare rewards. Opt for a card that offers rewards or cashback in categories you frequently spend on.
  • Review introductory offers. Take advantage of promotions like 0% APR or bonus rewards during the initial period.
  • Read terms thoroughly Understand the terms and conditions to avoid surprises and make informed decisions about your credit card.

Recap

M&T Credit Cards offer you a diverse range of options to tackle your financial needs. The M&T Visa Signature Card provides exceptional rewards for everyday purchases, while the M&T Cash Rewards Card offers cashback on popular spending categories. If you’re seeking simplicity, the M&T Visa Credit Card comes with a low APR and no annual fee. Even as a business owner, you can benefit from the rewards program of the M&T Business Rewards Card. Lastly, the M&T Visa Secured Card helps build credit responsibly, making M&T a reliable choice for credit solutions.

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