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  Coastal Federal Credit Union Business Visa Credit Card

Coastal Federal Credit Union Business Visa Credit Card

in Business Credit Cards from Coastal Federal Credit Union

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Coastal Federal Credit Union Business Visa Credit Card

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in Business Credit Cards from Coastal Federal Credit Union

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Highlights
Purchase APR  (Fixed APR) 14.75%
Balance Transfer APR  (Fixed APR) Starting at 14.75%
Credit Score Range 600 - 850
Annual Fee $0

Coastal Federal Credit Union Business Visa Credit Card Review

Key Takeaways
  • 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.
Pros & Cons of Coastal Federal Credit Union business credit card
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.
Coastal Federal Credit Union business credit card FAQ

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.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business credit card does not offer an introductory rate on new purchases.

Coastal Federal Credit Union business credit card Rates & Terms
Purchase APR 14.75%
Balance Transfer APR Starting at 14.75%
Cash Advance APR 16.75%
Penalty APR 0%

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 charge a foreign transaction fee?

This business card charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. If you travel abroad you may want to leave this business card at home and apply for one that doesn't charge a foreign transaction fee.

Coastal Federal Credit Union business credit card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $5
Returned Payment Fee $25
Late Payment Fee $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.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Coastal Federal Credit Union Business Visa Credit Card

This low-rate, low-fee card ranks high for your business. The card that keeps pace with your growing business. Enjoy the convenience of a fixed APR1 for purchases, balance transfers, and cash advances. Separate your business expenses, such as travel, entertainment, inventory and supplies. No annual fee or penalty APR. Other benefits include travel emergency assistance, purchase security and extended protection, and auto rental collision damage protection.

Feature Breakdown

Annual Fee $0
Minimum Interest Charge $0
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) Up to 3%
Cash Advance Fee Minimum $5
Foreign Currency Transaction Fee 1%
Late Fee Amount $25
Minimum Cash Advance Fee ($) Starting at $5
Returned Payment Fee $25
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Purchase Protection
  • Emergency Support
  • Fraud Liability
  • Travel Assistance
Rewards Type No Rewards
Cash Advance APR (Fixed APR) 16.75%
Penalty APR (Fixed APR) 0%
Purchase APR (Fixed APR) 14.75%
Balance Transfer Fee % 3%
Balance Transfer Fee Minimum $5
Balance Transfer APR (Fixed APR) Starting at 14.75%
Card Network Visa
Card Type
  • Balance Transfer

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