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  Cobalt Credit Union Platinum Plus Business Visa

Cobalt Credit Union Platinum Plus Business Visa

in Business Credit Cards from Cobalt Credit Union

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Cobalt Credit Union Platinum Plus Business Visa

Unaffiliated

in Business Credit Cards from Cobalt Credit Union

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Highlights
Purchase APR  (Variable APR) 8.25% - 17.99%
Balance Transfer APR  (Variable APR) Starting at 8.25%
Credit Score Range 600 - 850
Annual Fee $0

Cobalt Credit Union Platinum Plus Business Visa Review

Key Takeaways
  • Competitive APRs. Cobalt Credit Union Platinum Plus Business Visa has a variable purchase APR that ranges from 8.25% up to 17.99%.
  • 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.
  • 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.
  • Fair or better credit required. You will have good approval odds if your credit score is above 600.
Pros & Cons of Cobalt Credit Union Platinum Plus Business Visa
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Identity Theft Protection.
  • Considers applicants with fair or poor credit.
  • Cobalt Credit Union Platinum Plus Business Visa 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.
Cobalt Credit Union Platinum Plus Business Visa FAQ

Who is Cobalt Credit Union Platinum Plus Business Visa designed for?

This is a credit card issued by Cobalt 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 variable purchase APR that ranges from 8.25% up to 17.99%. The card has a variable balance transfer APR starting at 8.25% .

It also has a variable cash advance APR that ranges from 11.25% up to 17.99%. Note that late payments are subject to an APR of 17.99% 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?

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.

Cobalt Credit Union Platinum Plus Business Visa Rates & Terms
Purchase APR 8.25% - 17.99%
Balance Transfer APR Starting at 8.25%
Cash Advance APR 11.25% - 17.99%
Penalty APR 17.99%

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 $30.
  • 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.

Cobalt Credit Union Platinum Plus Business Visa Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Balance Transfer Fee 0%
Minimum Balance Transfer Fee $0
Returned Payment Fee $25
Late Payment Fee $5 to $30

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:

  • Fraud Liability
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 228-0392.

What is the support contact email?

The support contact email for this business credit card is contactcenter@cobaltcu.com.

Does Cobalt Credit Union Platinum Plus Business Visa report your account activity to credit bureaus?

Yes, Cobalt Credit Union Platinum Plus Business Visa 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 Cobalt 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 Cobalt Credit Union Platinum Plus Business Visa

Our Platinum Plus Business Visa offers flexibility for business owners with low rates, no balance transfer fee, no annual fee and EMV chip security. The Cobalt Credit Union Visa features Visa Secure, additional protection for online transactions.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Cobalt Credit Union

Feature Breakdown

Annual Fee $0
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) Up to 3%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 1%
Late Fee Amount $5 - $30
Minimum Cash Advance Fee ($) Starting at $10
Returned Payment Fee $25
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Purchase Protection
  • Fraud Liability
Rewards Type No Rewards
Balance Computation Daily balance/:l;LK
Cash Advance APR (Variable APR) 11.25% - 17.99%
Penalty APR (Variable APR) 17.99%
Purchase APR (Variable APR) 8.25% - 17.99%
Balance Transfer Fee % 0%
Balance Transfer Fee Minimum $0
Balance Transfer APR (Variable APR) Starting at 8.25%
Card Network Visa
Card Type
  • Balance Transfer

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