Charlotte Metro Federal Credit Union Visa Business Platinum Credit Card Review

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Competitive APRs. Charlotte Metro Federal Credit Union Visa Business Platinum Credit Card has a variable purchase APR of 13.24%
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, 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%.
• Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, identity theft protection, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 600.

The Good

The Bad

Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No balance transfer fee. 0% APR on new purchases during the first 12 months. No annual fee. Multiple business credit card perks. Offers auto rental collision damage waiver. Identity Theft Protection. Considers applicants with fair or poor credit. Charlotte Metro Federal Credit Union Visa Business Platinum Credit Card reports to multiple credit bureaus.

Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

Who is Charlotte Metro Federal Credit Union business credit card designed for?

This is a credit card issued by Charlotte Metro Credit Union. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 600.

This business card has a credit limit of up to 500.

What are the relevant APRs?

This business credit card has a variable purchase APR of 13.24%. The card has a variable balance transfer APR of 13.24% .

What fees does it charge?

The following fees apply to this business credit card:

• There is no annual fee.

Does it offer a cash back rewards program?

No, it does not offer a cash back rewards program.

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:

• Auto Rental Collision Damage Waiver
• Fraud Liability
• Cellular Telephone Protection
• Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (704) 375-0183.

What is the support contact email?

The support contact email for this business credit card is info@cmcu.org.

Does Charlotte Metro Federal Credit Union Visa Business Platinum Credit Card report your account activity to credit bureaus?

Yes, Charlotte Metro Federal Credit Union Visa Business Platinum 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 Charlotte Metro 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.