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  Arkansas Federal Credit Union Federal Business Platinum Mastercard

Arkansas Federal Credit Union Federal Business Platinum Mastercard

in Business Credit Cards from Arkansas Federal Credit Union

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Arkansas Federal Credit Union Federal Business Platinum Mastercard

Unaffiliated

in Business Credit Cards from Arkansas Federal Credit Union

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Highlights
Purchase APR  (Variable APR) 8.25% - 18%
Balance Transfer APR  (Variable APR) 8.25% - 18%
Credit Score Range 600 - 850
Annual Fee $0

Arkansas Federal Credit Union Federal Business Platinum Mastercard Review

Key Takeaways
  • Competitive APRs. Arkansas Federal Credit Union Federal Business Platinum Mastercard has a variable purchase APR that ranges from 8.25% up to 18%.
  • 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 Arkansas Federal Credit Union Federal Business Platinum Mastercard
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Access to a concierge.
  • Identity Theft Protection.
  • Considers applicants with fair or poor credit.
  • Arkansas Federal Credit Union Federal Business Platinum Mastercard 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.
Arkansas Federal Credit Union Federal Business Platinum Mastercard FAQ

Who is Arkansas Federal Credit Union Federal Business Platinum Mastercard designed for?

This is a credit card issued by Arkansas 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 variable purchase APR that ranges from 8.25% up to 18%. The card has a variable balance transfer APR that ranges from 8.25% up to 18%.

It also has a variable cash advance APR that ranges from 8.25% up to 18%.

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.

Arkansas Federal Credit Union Federal Business Platinum Mastercard Rates & Terms
Purchase APR 8.25% - 18%
Balance Transfer APR 8.25% - 18%
Cash Advance APR 8.25% - 18%

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.

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.

Arkansas Federal Credit Union Federal Business Platinum Mastercard Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Balance Transfer Fee 0%
Minimum Balance Transfer Fee $0
Late Payment Fee up to $35

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 (501) 982-1000.

What is the support contact email?

The support contact email for this business credit card is info@afcu.org.

Does Arkansas Federal Credit Union Federal Business Platinum Mastercard report your account activity to credit bureaus?

Yes, Arkansas Federal Credit Union Federal Business Platinum 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 Arkansas 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 Arkansas Federal Credit Union Federal Business Platinum Mastercard

Arkansas Federal Credit Union knows business! The Arkansas Federal Business Platinum Mastercard Credit Card allows your business the flexibility of a revolving line of credit. That's why we offer business members a Business Platinum Mastercard. Not only does our card have competitive rates.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 6:00pm
  • Tuesday 9:00am - 6:00pm
  • Wednesday 9:00am - 6:00pm
  • Thursday 9:00am - 6:00pm
  • Friday 9:00am - 6:00pm
  • Saturday Closed

Other Services by Arkansas Federal Credit Union

Feature Breakdown

Annual Fee $0
No Annual Fee
Cash Advance Fee (%) 5%
Foreign Currency Transaction Fee 1%
Late Fee Amount Up to $35
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Fraud Liability
  • Concierge
Rewards Type No Rewards
Cash Advance APR (Variable APR) 8.25% - 18%
Purchase APR (Variable APR) 8.25% - 18%
Balance Transfer Fee % 0%
Balance Transfer Fee Minimum $0
Balance Transfer APR (Variable APR) 8.25% - 18%
Card Network Mastercard
Card Type
  • Low Interest

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