BrightStar Credit Union Business Elite Rewards Credit Card

BrightStar Credit Union Business Elite Rewards Credit Card Review

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 0%.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
• Multiple business credit card benefits. Includes generous credit card perks, such as extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

The Good

The Bad

Potentially lower than average purchase APRs. Has an introductory APR rate on balance transfers of 3.99%. No balance transfer fee. 0% APR on new purchases during the first 12 months. No annual fee. Multiple business credit card perks. Extended warranty on purchases. Identity Theft Protection. Travel accident insurance. Cardholders can earn rewards on their purchases. BrightStar Credit Union Business Elite Rewards Credit Card reports to multiple credit bureaus.

Does not offer a signup bonus. Charges a foreign transaction fee of 1%. You don't earn rewards on every purchase.

Who is BrightStar Credit Union Business Elite Rewards Credit Card designed for?

This is a credit card issued by BrightStar Credit Union. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

What are the relevant APRs?

This business credit card has a variable purchase APR starting at 10.99% . The card has a variable balance transfer APR starting at 10.99% .

The good news is this business card does not charge a penalty APR if you are late on a payment.

What fees does it charge?

The following fees apply to this business credit card:

• There is no annual fee.
• A late payment penalty of up to $25.
• A returned payment fee of up to $25.

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

Can I get it with just an employer identification number (EIN)?

You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.

What are the benefits?

This business credit card provides the following benefits:

• Extended Warranty Protection
• Fraud Liability
• Travel Accident Insurance
• Reports to major credit bureaus

Does BrightStar Credit Union Business Elite Rewards Credit Card report your account activity to credit bureaus?

Yes, BrightStar Credit Union Business Elite Rewards Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply?

• Visit the BrightStar Credit Union .
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.