| 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
- 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 oods if your credit score is above600.
| The Good | The Bad |
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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.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.
| 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.
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.
Contact
- Headquarters
-
P.O. Box 26188
Lansing, MI 48909 - (517) 622-6600
- Visit Site
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 |
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