Last Updated: 04/18/2025
Lake Michigan Credit Union Business Rewards Visa
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Purchase APR (Variable APR)
Starting at 6.00%(Verified 06/21/2024)
Disclaimer popup with additional information
Balance Transfer APR (Variable APR)
Starting at 6.00%(Verified 06/21/2024)
Disclaimer popup with additional information
Annual Fee
$50
Credit Score Range
650 - 850
Lake Michigan Credit Union Business Rewards Visa Review
This is a rewards card issued by Lake Michigan Credit Union. If you're wondering whether Lake Michigan Credit Union Business Rewards Visa 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 up to 1% every time you make a transaction outside the U.S.
- Fair or better credit required. You will have good approval odds if you have a fair credit score or better.
Pros & Cons of Lake Michigan Credit Union Business Rewards Visa
| The Good | The Bad |
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What are the relevant APRs?
This business credit card has a variable purchase APR starting at 6.00% . The card has a variable balance transfer APR starting at 6.00% .
It also has a variable cash advance APR starting at 6.00% . Note that late payments are subject to an APR of 18% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.
Does it have an introductory APR offer?
No, this business card does not come with an introductory APR offer for balance transfers.
This business card does not offer an introductory rate on new purchases.| Purchase APR | Starting at 6.00% |
| Balance Transfer APR | Starting at 6.00% |
| Cash Advance APR | Starting at 6.00% |
| Penalty APR | 18% |
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 $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% |
| Balance Transfer Fee | 0% |
| Minimum Balance Transfer Fee | $0 |
| Returned Payment Fee | up to $25 |
| Late Payment Fee | up to $25 |
Does it offer a cash back or rewards program?
Yes, Lake Michigan Credit Union Business Rewards Visa 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:
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Categories | Every Purchase | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Type | Points | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reward Rates | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- 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.
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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 Lake Michigan Credit Union Business Rewards Visa
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 1:00PM