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  LAFCU VISA Business Platinum
LAFCU VISA Business Platinum
in Business Credit Cards from LAFCU
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LAFCU VISA Business Platinum

Unaffiliated
in Business Credit Cards from LAFCU
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Highlights
Purchase APR  (Fixed APR) Up to 18%
(Verified 08/04/2023)
Balance Transfer APR  (Fixed APR) Up to 18%
(Verified 08/04/2023)
Annual Fee $50
Credit Score Range 600 - 850

LAFCU VISA Business Platinum Review

This is a rewards card issued by LAFCU. If you're wondering whether LAFCU VISA Business Platinum is the right card for you, read on.

Key Takeaways

  • 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 LAFCU VISA Business Platinum

The Good The Bad
  • Identity Theft Protection.
  • Considers applicants with fair credit.
  • Cardholders can earn rewards on purchases everywhere LAFCU VISA Business Platinum is accepted.
  • LAFCU VISA Business Platinum reports to multiple credit bureaus.
  • Charges an annual fee of $50
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.

What are the relevant APRs?

It has a fixed purchase APR of up to 18%.

The card has a fixed balance transfer APR of up to 18%.

The card has a fixed cash advance APR of up to 18%.

Does it have an introductory APR offer?

This business card does not offer an introductory rate on new purchases.

LAFCU VISA Business Platinum Rates & Terms

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $50.
  • A late payment penalty of up to $25.
  • A returned payment fee of up to $20.
  • An overlimit fee of $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.

LAFCU VISA Business Platinum Fees
Fees Amount
Annual Fee $50
Foreign Transaction Fee 1%
Returned Payment Fee up to $20
Late Payment Fee up to $25

Does it offer a cash back or rewards program?

Yes, LAFCU VISA Business Platinum offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:

  • Every Purchase

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.

What are the benefits?

This business credit card provides the following benefits:

  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (517) 622-6600.

What is the support contact email?

The support contact email for this business credit card is lafcuoffer@lafcu.com.

Does LAFCU VISA Business Platinum report your account activity to credit bureaus?

Yes, LAFCU VISA Business Platinum 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 LAFCU .
  • 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 LAFCU VISA Business Platinum

LAFCU's VISA Business Credit Card is designed to meet the needs of small business, in and out of the office, while earning rewards on every purchase. Low rates, balance transfer options, and the ability to use it at a variety of places worldwide are just a few of the many benefits. You can also enjoy enhanced security to protect you from fraud with online card activation, text alerts, and more.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 6:00am - 2:00am
  • Tuesday 6:00am - 2:00am
  • Wednesday 6:00am - 2:00am
  • Thursday 6:00am - 2:00am
  • Friday 6:00am - 2:00am
  • Saturday 6:00am - 9:00am

Other Services by LAFCU

Feature Breakdown

Annual Fee $50
Cash Advance Fee (%) Starting at 2%
Cash Advance Fee Minimum $5
Foreign Currency Transaction Fee 1%
Late Fee Amount Up to $25
Minimum Cash Advance Fee ($) Starting at $5
No Interest Grace Period for Late Payment 25 days
Over-Limit Fee $25
Returned Payment Fee Up to $20
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
Rewards Categories
  • Every Purchase
APR Type Fixed APR
Balance Computation Monthly periodic rate
Cash Advance APR (Fixed APR) Up to 18%
Purchase APR (Fixed APR) Up to 18%
(Verified 08/04/2023)
Balance Transfer APR (Fixed APR) Up to 18%
(Verified 08/04/2023)
Card Network Visa
Card Type
  • Rewards

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