Great Lakes Credit Union Visa Business Cash Preferred Card

Great Lakes Credit Union Visa Business Cash Preferred Card Review

This is a cashback card issued by Great Lakes Credit Union. If you're wondering whether Great Lakes Credit Union Business Preferred Card is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 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 up to 6 months.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.24% up to 27.24%.
• 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.
• 3% Balance transfer fee. Great Lakes Credit Union Visa Business Cash Preferred Card charges a fee of 3% on balance transfers, if you transfer the balance within 186 days of opening the account. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% 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 Great Lakes Credit Union Business Preferred Card

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 18.24% up to 27.24%. The card has a variable balance transfer APR that ranges from 18.24% up to 27.24%.

It also has a variable cash advance APR of 30.24%. Note that late payments are subject to an APR of 31.49% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

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.
• A returned payment fee of up to $35.
• An overlimit fee of $39.

Does it offer a cash back or rewards program?

No, it does not offer a cash back rewards program. The rewards program allows you to earn cash with every purchase you make.

What are the benefits?

This business credit card provides the following benefits:

• Auto Rental Collision Damage Waiver
• Fraud Liability
• Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 982-7850.

What is the support contact email?

The support contact email for this business credit card is memberservices@glcu.org.

Does Great Lakes Credit Union Visa Business Cash Preferred Card report your account activity to credit bureaus?

Yes, Great Lakes Credit Union Visa Business Cash Preferred Card 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 Great Lakes 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.