LAFCU VISA Business Platinum

LAFCU VISA Business Platinum

in Business Credit Cards from LAFCU


LAFCU VISA Business Platinum


in Business Credit Cards from LAFCU

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Purchase APR  (Fixed APR) Up to 18%
Balance Transfer APR  (Fixed APR) Up to 18%
Credit Score Range 600 - 850
Annual Fee $50

LAFCU VISA Business Platinum Review

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 or poor 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%.
  • Does not include many credit card benefits.
LAFCU VISA Business Platinum FAQ

Who is LAFCU VISA Business Platinum designed for?

This is a credit card issued by LAFCU. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 600.

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 credit 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 rewards program?

This business credit card 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.

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:

  • 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

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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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.


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

No Interest Grace Period for Late Payment 25 days
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
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
Balance Computation Monthly periodic rate
Cash Advance APR (Fixed APR) Up to 18%
Purchase APR (Fixed APR) Up to 18%
Balance Transfer APR (Fixed APR) Up to 18%
Card Network Visa
Card Type
  • Rewards

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