Lake City Bank Smart Business Rewards Visa®
Lake City Bank and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of Lake City Bank. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
How we calculate effective rate →
The Lake City Bank Smart Business Rewards Visa® from Lake City Bank earns up to 1% effective value on dining in Madeen's catalog snapshot. Its annual fee is $95. New applicants may see: Earn 20,000 bonus rewards points when you spend just $500 in the first 90 days of account opening; the equivalent of $200 Cash Back..
- Top category
- Dining
- Effective value
- 1%
- Annual fee
- $95
Worth a look for dining spend if you need a business card and can use Elan Rewards the way you redeem today. Best for spenders who put meaningful volume in dining and can earn 1x points. The welcome bonus can help if you can meet the spend requirement.
What does the Lake City Bank Smart Business Rewards Visa earn in each category?
Dining is the strongest category at 1% effective value (1x points at about 1 cents each). That dining rate ranks higher than about 2% of the 2,850 cards we track in that category. The five-category effective-rate table on this page shows how Lake City Bank Smart Business Rewards Visa compares across dining, grocery, gas, travel, and other spend.
Dining is the strongest category at 1% effective value (1x points at about 1 cents each). That dining rate ranks higher than about 2% of the 2,850 cards we track in that category. The five-category effective-rate table on this page shows how Lake City Bank Smart Business Rewards Visa compares across dining, grocery, gas, travel, and other spend.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 1x points | 1% Top category |
| Grocery Supermarkets and grocery stores | 1x points | 1% |
| Gas Gas stations and fuel | 1x points | 1% |
| Travel Flights, hotels, transit | 1x points | 1% |
| Other General everyday spend | 1x points | 1% |
Madeen values Elan Rewards at about 1 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.
Who should get the Lake City Bank Smart Business Rewards Visa?
The Lake City Bank Smart Business Rewards Visa fits spenders who put meaningful volume in dining and can earn 1x points. Best for spenders who put meaningful volume in dining and can earn 1x points. The welcome bonus can help if you can meet the spend requirement.
Lake City Bank Smart Business Rewards Visa fits spenders who put meaningful volume in dining and can earn 1x points. Madeen ranks its dining effective rate higher than about 2% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.
Best for spenders who put meaningful volume in dining and can earn 1x points. The welcome bonus can help if you can meet the spend requirement.
Less compelling if the $95 annual fee is hard to offset. Mostly a flat base earn card without strong category bonuses.
Worth a look for dining spend if you need a business card and can use Elan Rewards the way you redeem today.
Pros
- Strongest Madeen category is dining at about 1% effective (1x points).
- No foreign transaction fee listed.
- Welcome bonus may add value if you can meet spend requirements.
Cons
- $95 annual fee requires enough spend in bonus categories to offset.
- Elan Rewards value depends on how you redeem, not straight cash back.
- Business card — rewards and liability rules differ from consumer cards.
What is the Lake City Bank Smart Business Rewards Visa welcome bonus?
In Madeen's catalog snapshot, the Lake City Bank Smart Business Rewards Visa welcome offer is Earn 20,000 bonus rewards points when you spend just $500 in the first 90 days of account opening; the equivalent of $200 Cash Back.. Minimum spend, eligibility, and offer windows are set by the issuer and can change — confirm on the issuer application page.
- Offer
- 20k Elan Rewards (~$200 estimated)
- Terms (catalog snapshot)
- Earn 20,000 bonus rewards points when you spend just $500 in the first 90 days of account opening; the equivalent of $200 Cash Back. First-year annual fee waived.
- Minimum spend
- $500
- Window
- 90Days
Does the Lake City Bank Smart Business Rewards Visa have an annual fee?
The Lake City Bank Smart Business Rewards Visa has an annual fee of $95 and a foreign transaction fee of None. Confirm current fees on the issuer page before applying.
- Annual fee
- $95
- Foreign transaction fee
- None
What benefits come with the Lake City Bank Smart Business Rewards Visa?
The Lake City Bank Smart Business Rewards Visa includes Auto Rental Collision Damage Waiver, Booking.com, Golf Benefits from Troon Rewards® in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them.
Purchase Security and Extended Protection
$10,000/yrPurchase Security can replace, repair or reimburse you for an eligible item purchased with your covered card up to $10,000.00 per claim in the event your item is stolen or damaged. Extended Protection doubles the time period of the original manufacturer's written U.S. warranty up to 1 additional year on eligible warranties of 3 years or less.
Lost Luggage Reimbursement
$3,000/yrwill reimburse you up to $3,000 If your checked luggage or carry on baggage is lost due to theft or misdirection by the common carrier (e.g., airline, rail, bus, ferry). For New York residents coverage is limited to $2,000 per bag.
Travel Accident Insurance
$3,000/yrprovides accidental death and dismemberment coverage. Coverage is in effect on the common carrier (e.g., flight, rail, bus, ferry, cruise ship), as well as while on courtesy ground transportation to and from the airport (or train depot, bus, terminal, etc.) and between terminals, as well as when you are at the airport immediately before departure, or immediately after arrival, on any covered trip.
Roadside Dispatch®
$1,000/yrThis is a pay-per-use roadside assistance program available 24x7. Roadside Dispatch will ask for your location, find out what the problem is, and will remain on the phone with you while arranging a dispatch to a reliable tow operator or locksmith. You pay a set price per service call.
Sofar Sounds
$240/yrEnjoy a free ticket per show with the purchase of one or more tickets, plus you can access 7-day Visa Exclusive Presale opportunities.
Visa Signature Concierge
$150/yrGet assistance with travel planning, entertainment tickets and more.
OpenTable
$120/yrEligible Visa cardholders can enjoy special events access to the hottest dining events on OpenTable. Restrictions apply.
Auto Rental Collision Damage Waiver
$10/yr(ARCDW) provides primary insurance coverage for physical damage and theft, reasonable and customary towing, and valid loss-of-use charges and administrative fees when you reserve and pay for a rental car with your covered Visa Business card.
Golf Benefits from Troon Rewards®
$10/yrEnjoy automatic Silver Status when you sign up for Troon Rewards®, for 10% savings on golf fees, merchandise and lessons at over 150 golf courses across the United States and the world.
Travel and Emergency Assistance Services
$10/yrWhen you are traveling or working anywhere in the world, your covered Visa card gets you access to a multilingual call center 24 hours a day, 365 days a year to help get the assistance you need. As a covered cardholder, you, your spouse and dependent children under 22 years of age who are traveling with can call a dedicated toll-free number in the United States, or call collect when traveling abroad.
Visa Signature Luxury Hotel Collection
$10/yrEnjoy special guest status at 900+ Visa Signature Luxury Hotel properties worldwide.
Visa Signature Rental Car Privileges
$10/yrBook your next road trip with your Visa Signature card to receive up to 25% off base rates on qualifying rentals from Avis and Budget. Your card can also unlock complimentary upgrades (when available), waived Additional Driver Fee and 10% saving on XM Satellite radio during rental.
Related encyclopedia topics
Common questions about the Lake City Bank Smart Business Rewards Visa
Does the Lake City Bank Smart Business Rewards Visa have an annual fee?
The Lake City Bank Smart Business Rewards Visa carries an annual fee of $95 in Madeen's catalog snapshot. Issuer terms can change, so confirm the current fee on the issuer's site before you apply. Madeen does not predict approval or prequalification.
What category earns the most with the Lake City Bank Smart Business Rewards Visa?
Dining is the strongest Madeen category for the Lake City Bank Smart Business Rewards Visa at about 1% effective value, based on our catalog snapshot and standard point valuations. Other categories are listed in the effective-rate table on this page.
Does the Lake City Bank Smart Business Rewards Visa charge foreign transaction fees?
The Lake City Bank Smart Business Rewards Visa does not charge a foreign transaction fee in Madeen's catalog snapshot, which can make it stronger for purchases outside the U.S. Issuer terms still control international acceptance and other fees.
What is the Lake City Bank Smart Business Rewards Visa welcome bonus?
The Lake City Bank Smart Business Rewards Visa welcome offer in our snapshot: Earn 20,000 bonus rewards points when you spend just $500 in the first 90 days of account opening; the equivalent of $200 Cash Back.. Minimum spend, eligibility, and offer windows are set by the issuer and can change.
Is the Lake City Bank Smart Business Rewards Visa annual fee worth it?
Whether the $95 annual fee pays off depends on how much you spend in dining and whether you use the card's benefits. Compare effective rates across the cards you already carry in Madeen.
What credit score do you need for the Lake City Bank Smart Business Rewards Visa?
Madeen's catalog lists a typical credit range of Good to Excellent for the Lake City Bank Smart Business Rewards Visa. Issuers decide approval using their own criteria; Madeen does not predict approval odds or prequalification.
How does the Lake City Bank Smart Business Rewards Visa compare to similar cards?
Compare the Lake City Bank Smart Business Rewards Visa against Lake City Bank Visa Everyday Rewards+ (4% on Dining, $0 fee); Lake City Bank Visa Business Cash Preferred (3% on Dining, $0 fee); Lake City Bank Visa Reserve Rewards+ Card (2% on Dining, $390 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
Lake City Bank Smart Business Rewards Visa This card | Dining | 1% | $95 |
Lake City Bank | Dining | 4% | $0 |
Lake City Bank | Dining | 3% | $0 |
Lake City Bank | Dining | 2% | $390 |
Lake City Bank | Dining | 1.5% | $0 |
Store-specific guides
Madeen publishes merchant guides that rank cards for specific stores and services. Browse guides for dining spend to see which cards win at checkout.
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Lake City Bank and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of Lake City Bank. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
Madeen compares cards you add to your wallet using published catalog rules — no bank login required. Issuer pages control current fees, caps, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice. Apply links are temporarily hidden on madeen.app. Affiliate disclosure