Lake Michigan Credit Union Business Rewards Visa

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 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 650.

Pros & Cons of Lake Michigan Credit Union Business Rewards Visa

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.

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.
• An overlimit fee of $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:

• Every Purchase

What are the benefits?

This business credit card provides the following benefits:

• Fraud Liability
• Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 242-9790.

What is the support contact email?

The support contact email for this business credit card is communityrelations@lmcu.org.

Does Lake Michigan Credit Union Business Rewards Visa report your account activity to credit bureaus?

Yes, Lake Michigan Credit Union Business Rewards Visa 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 Lake Michigan 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.