Frost Bank is the largest bank that operates only in Texas. It is also one of the oldest having been founded in 1868 in San Antonio, where it is still headquartered today. They currently have over 116 branches in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Rio Grande Valley, and San Antonio regions and over 1,100 ATM machines located throughout the state.
Interestingly, in 2000 Frost exited the residential mortgage business so they survived the banking crisis of 2008 and had no need for Federal bail-out funds.
Frost Bank Personal Credit Cards
Back in the 1980’s Frost got out of the credit card business. While they have since reintroduced a business credit card, they still do not offer personal credit cards.
So, if you are looking for a credit card for personal use, you’ll need to look elsewhere. Here you can Compare Credit Cards & Apply Online from many different issuers.
Frost Bank Business Credit Cards
For business customers, Frost offers two different cards: a Business Platinum Card, and the Business Rewards Card. The Platinum is a Visa card with no annual fee, individual credit lines for employees, revolving balance option for credit lines of $50,000 and under, and $300,000 Worldwide Automatic Travel and Accident Insurance. The Business Rewards Card has the same benefits as listed above for the Platinum Card, but also earns rewards points which can be redeemed for cash, airline miles, gift card, merchandise and more. The catch is that the Rewards Card has a variable interest rate of Prime Rate + 9.9% while the Platinum Card’s variable interest rate is the Prime Rate + 5.9%. If you don’t think that you will be able to pay your bill in full, you’ll be paying an extra 4% in interest which will negate the benefits of the rewards that you earn.
Unfortunately, you cannot apply for a Frost Bank credit card online; you’ll need to download an application and either mail it or fax it in, or visit a branch. You can Apply for a credit card for your business from one of the many issuers that have comparable cards to Frost Bank, but also have the convenience of an online application.