Coastal Federal Credit Union Business Visa Credit Card Review

• Competitive APRs. Coastal Federal Credit Union Business Visa Credit Card has a fixed purchase APR of 14.75%
• 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.
• 3% Balance transfer fee. Coastal Federal Credit Union Business Visa Credit Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• 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 rental insurance, emergency support, extended warranty protection on purchases, purchase protection, travel assistance, 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
Potentially lower than average purchase APRs. No annual fee. Multiple business credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Travel assistance insurance Considers applicants with fair or poor credit. Coastal Federal Credit Union Business Visa Credit Card reports to multiple credit bureaus.	Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 1%. You don't earn rewards on every purchase. Charges a 3% balance transfer fee.

Who is Coastal Federal Credit Union business credit card designed for?

This is a credit card issued by Coastal Federal Credit Union. 

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

What are the relevant APRs?

This business credit card has a fixed purchase APR of 14.75%. The card has a fixed balance transfer APR starting at 14.75% .

It also has a fixed cash advance APR of 16.75%.

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?

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
• Emergency Support
• Extended Warranty Protection
• Fraud Liability
• Travel Assistance
• Reports to major credit bureaus

What is the support contact email?

The support contact email for this business credit card is supervisoryc@coastal24.com.

Does Coastal Federal Credit Union Business Visa Credit Card report your account activity to credit bureaus?

Yes, Coastal Federal Credit Union Business Visa 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 Coastal Federal 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.