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  Community Financial Credit Union of Michigan Business Mastercard

Community Financial Credit Union of Michigan Business Mastercard

in Business Credit Cards from Community Financial Credit Union of Michigan

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Community Financial Credit Union of Michigan Business Mastercard

Unaffiliated

in Business Credit Cards from Community Financial Credit Union of Michigan

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Highlights
Purchase APR  (Fixed APR) 8.99% - 18%
Balance Transfer APR  (Fixed APR) 8.99% - 18%
Credit Score Range 600 - 800
Annual Fee $0

Community Financial Credit Union of Michigan Business Mastercard Review

Key Takeaways
  • Competitive APRs. Community Financial Credit Union of Michigan Business Mastercard has a fixed purchase APR that ranges from 8.99% up to 18%.
  • No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your purchases, 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.
  • Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, price protection, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
  • Fair or better credit required. You will have good approval oods if your credit score is above600.
Pros & Cons of Community Financial Credit Union of Michigan Business Mastercard
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Multiple business credit card perks.
  • Offers auto rental collision damage waiver.
  • Extended warranty and price protection on purchases.
  • Travel accident and travel assistance insurance.
  • Trip cancellation insurance.
  • Considers applicants with fair or poor credit.
  • Cardholders can earn rewards on purchases everywhere Community Financial Credit Union of Michigan Business Mastercard is accepted.
  • Community Financial Credit Union of Michigan Business Mastercard reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.
Community Financial Credit Union of Michigan Business Mastercard FAQ

Who is Community Financial Credit Union of Michigan Business Mastercard designed for?

This is a credit card issued by Community Financial Credit Union of Michigan. 

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 that ranges from 8.99% up to 18%. The card has a fixed balance transfer APR that ranges from 8.99% up to 18%.

It also has a fixed cash advance APR that ranges from 8.99% up to 18%. Note that late payments are subject to an APR of 18.00% 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 card does offer an introductory APR rate on new purchases of 12.74%

Community Financial Credit Union of Michigan Business Mastercard Rates & Terms
Purchase APR 8.99% - 18%
Balance Transfer APR 8.99% - 18%
Cash Advance APR 8.99% - 18%
Penalty APR 18.00%

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 $35.
  • A returned payment fee of up to $12.
  • An overlimit fee of $35.

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.

Community Financial Credit Union of Michigan Business Mastercard Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Balance Transfer Fee 0%
Minimum Balance Transfer Fee $0
Returned Payment Fee $12
Late Payment Fee up to $35

Does it offer a cash back rewards program?

This business 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:

  • Every Purchase
  • Gas stations
  • Hotels
  • Restaurants

Does it have a sign up bonus?

This business credit card doesn't offer a cash signup bonus.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

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
  • Trip Cancellation Insurance
  • Fraud Liability
  • Price Protection
  • Travel Accident Insurance
  • Cellular Telephone Protection
  • Travel Assistance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (877) 937-2328.

Does Community Financial Credit Union of Michigan Business Mastercard report your account activity to credit bureaus?

Yes, Community Financial Credit Union of Michigan Business Mastercard 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 Community Financial Credit Union of Michigan .
  • 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.
View Community Financial Credit Union of Michigan Business Mastercard's published terms & conditions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 8:00pm
  • Tuesday 8:00am - 8:00pm
  • Wednesday 8:00am - 8:00pm
  • Thursday 8:00am - 8:00pm
  • Friday 8:00am - 8:00pm
  • Saturday 8:00am - 1:00pm

Other Services by Community Financial Credit Union of Michigan

Feature Breakdown

Introductory Rate 12.74%
Annual Fee $0
Cash Advance Fee (%) 0%
Cash Advance Fee Minimum $0
Minimum Cash Advance Fee ($) $0
No Annual Fee
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 28 days
Foreign Currency Transaction Fee 1%
Late Fee Amount Up to $35
Over-Limit Fee $35
Returned Payment Fee $12
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 800
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Price Protection
  • Purchase Protection
  • Trip Cancellation Insurance
  • Emergency Support
  • Fraud Liability
  • Cellular Telephone Protection
  • Travel Accident Insurance
  • Travel Assistance
Rewards Categories
  • Gas
  • Hotels
  • Restaurants
  • Every Purchase
Balance Computation Average daily balance (including new purchases).
Cash Advance APR (Fixed APR) 8.99% - 18%
Penalty APR (Fixed APR) 18.00%
Purchase APR (Fixed APR) 8.99% - 18%
Balance Transfer Fee % 0%
Balance Transfer Fee Minimum $0
Balance Transfer APR (Fixed APR) 8.99% - 18%
Card Network Mastercard
Card Type
  • Rewards
  • Cashback
  • Travel
  • Bonus Offers

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