Last Updated: 04/18/2025
CFCU of Michigan Business Mastercard
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Last Updated: 04/18/2025
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Highlights
Purchase APR (Fixed APR)
13.99% - 18%(Verified 06/21/2024)
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Balance Transfer APR (Fixed APR)
13.99% - 18%(Verified 06/21/2024)
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Annual Fee
$0
Credit Score Range
600 - 800
CFCU of Michigan Business Mastercard Review
This is a cashback card issued by Community Financial Credit Union of Michigan. If you're wondering whether CFCU of Michigan Business Mastercard is the right card for you, read on.
Key Takeaways
- APRs: CFCU of Michigan Business Mastercard has a fixed purchase APR that ranges from 13.99% 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 eligible 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 up to 1% every time you make a transaction outside the U.S.
- Multiple business credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, price protection, purchase security, travel accident insurance, travel assistance, trip cancellation and interruption protection, and fraud protection.
- Poor credit accepted. This card will consider people who have poor credit.
Pros & Cons of CFCU of Michigan Business Mastercard
| The Good | The Bad |
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What are the relevant APRs?
This business credit card has a fixed purchase APR that ranges from 13.99% up to 18% . The card has a fixed balance transfer APR that ranges from 13.99% up to 18% .
It also has a fixed cash advance APR that ranges from 13.99% 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 not offer an introductory rate on new purchases.| Purchase APR | 13.99% - 18% |
| Balance Transfer APR | 13.99% - 18% |
| Cash Advance APR | 13.99% - 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 $12.
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.
| 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 or rewards program?
Yes, CFCU of Michigan Business Mastercard 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:
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| Rewards Type | No Rewards | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- 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.
View CFCU of Michigan Business Mastercard's published terms & conditions
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Message from CFCU of Michigan Business Mastercard
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