Last Updated: 04/18/2025
CoastLife Credit Union Mastercard® Business Cash Preferred Credit Card
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Purchase APR (Variable APR)
19.24% - 28.24%(Verified 06/21/2024)
Balance Transfer APR (Variable APR)
19.24% - 28.24%(Verified 06/21/2024)
Annual Fee
$0
Credit Score Range
N/A
CoastLife Credit Union Mastercard® Business Cash Preferred Credit Card Review
This is a cashback card issued by CoastLife Credit Union. If you're wondering whether CoastLife Credit Union Mastercard® Business Cash Preferred Credit Card is the right card for you, read on.
Key Takeaways
- 0% Intro APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for 6 months, which is shorter than the average 0% APR period of 12 months.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for 6 months.
- Signup bonus. Offers a signup bonus of up to $25.00.
- APR: This is not a great card for people who carry a balance. It has a variable regular purchase APR that ranges from 19.24% up to 28.24%.
- 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.
- A 3.00% balance transfer fee. CoastLife Credit Union Mastercard® Business Cash Preferred Credit Card charges a 3.00% balance transfer during the intro period for the first 6 months and after that charges a fee of 3.00% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees after the intro period. The minimum fee is $5.00.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 3.00% every time you make a transaction outside the U.S.
Pros & Cons of CoastLife Credit Union Mastercard® Business Cash Preferred Credit Card
| The Good | The Bad |
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What are the relevant APRs?
This business credit card has a variable purchase APR that ranges from 19.24% up to 28.24% . The card has a variable balance transfer APR that ranges from 19.24% up to 28.24% .
It also has a variable cash advance APR of 29.99%. Note that late payments are subject to an APR of 32.49% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.
Does it have an introductory APR offer?
Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 6 months from account opening.
This business card does offer an introductory APR rate on new purchases of 0% for a period of 6 months.
| Purchase APR | 19.24% - 28.24% |
| Balance Transfer APR | 19.24% - 28.24% |
| Cash Advance APR | 29.99% |
| Penalty APR | 32.49% |
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 $39.00 .
- A returned payment fee of up to $35.00.
Does it charge a foreign transaction fee?
This business card charges a foreign transaction fee of 3.00%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. 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.
| Fees | Amount |
| Annual Fee | $0.00 |
| Foreign Transaction Fee | 3.00% |
| Balance Transfer Fee | 3.00% |
| Minimum Balance Transfer Fee | $5.00 |
| Returned Payment Fee | up to $35.00 |
| Late Payment Fee | $19.00 to $39.00 |
Does it offer a cash back or rewards program?
Yes, CoastLife Credit Union Mastercard® Business Cash Preferred 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:
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| All Other Purchases | Unlimited 1% cash back on all other eligible net purchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Welcome Offer | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Categories |
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- Internet, Cable and Phone Services
- Every Purchase
- Gas stations
- Office Supply Stores
- Restaurants
Does it have a sign up bonus?
Yes, it offers card users a signup bonus worth up to $25.00 .
Does it offer an annual loyalty bonus?
This business card doesn't offer a cash loyalty bonus.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
10:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
Closed