Raymond James Smart Business Rewards Mastercard®
Raymond James and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of Raymond James. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
How we calculate effective rate →
The Raymond James Smart Business Rewards Mastercard® from Raymond James 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 Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard?
The Raymond James Smart Business Rewards Mastercard 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.
Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard welcome bonus?
In Madeen's catalog snapshot, the Raymond James Smart Business Rewards Mastercard 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 before.
- 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 Raymond James Smart Business Rewards Mastercard have an annual fee?
The Raymond James Smart Business Rewards Mastercard 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
Related encyclopedia topics
Common questions about the Raymond James Smart Business Rewards Mastercard
Does the Raymond James Smart Business Rewards Mastercard have an annual fee?
The Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard?
Dining is the strongest Madeen category for the Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard charge foreign transaction fees?
The Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard welcome bonus?
The Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard 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 Raymond James Smart Business Rewards Mastercard?
Madeen's catalog lists a typical credit range of Good to Excellent for the Raymond James Smart Business Rewards Mastercard. Issuers decide approval using their own criteria; Madeen does not predict approval odds or prequalification.
How does the Raymond James Smart Business Rewards Mastercard compare to similar cards?
Compare the Raymond James Smart Business Rewards Mastercard against Raymond James Mastercard Everyday Rewards+ (4% on Dining, $0 fee); Raymond James Mastercard Business Cash Preferred (3% on Dining, $0 fee); Raymond James Mastercard Reserve Rewards+ Card (2% on Dining, $390 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
Raymond James Smart Business Rewards Mastercard This card | Dining | 1% | $95 |
Raymond James | Dining | 4% | $0 |
Raymond James | Dining | 3% | $0 |
Raymond James | Dining | 2% | $390 |
Raymond James | 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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Madeen compares the cards you already carry for dining, groceries, gas, travel, and everyday purchases — free, no bank login required.
Raymond James and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of Raymond James. 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