Lake Michigan Credit Union Business Rewards Visa
Not enough votes for recommendation
Explore a similar product
Try this top product in Business Credit Cards.
| Purchase APR (Variable APR) | Starting at 6.00% |
| Balance Transfer APR (Variable APR) | Starting at 6.00% |
| Credit Score Range | 650 - 850 |
| Annual Fee | $50 |
Lake Michigan Credit Union Business Rewards Visa 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 odds if your credit score is above 650.
| The Good | The Bad |
|---|---|
|
|
Who is Lake Michigan Credit Union Business Rewards Visa designed for?
This is a credit card issued by Lake Michigan Credit Union.
This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.
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 credit 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.
- 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% |
| 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 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
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:
- Fraud Liability
- Reports to major credit bureaus
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.
Message From Lake Michigan Credit Union
Contact
- Headquarters
-
PO Box 2848
Grand Rapids, MI 49501 USA - Visit Site
- Email Support
Other Services by Lake Michigan Credit Union
Feature Breakdown
| Minimum Interest Charge | $0 |
| No Interest Grace Period for Late Payment | 25 days |
| Annual Fee | $50 |
| Cash Advance Fee (%) | 3% |
| Foreign Currency Transaction Fee | 1% |
| Late Fee Amount | Up to $25 |
| Over-Limit Fee | $25 |
| Returned Payment Fee | Up to $25 |
Be the first to rate
Would you recommend Lake Michigan Credit Union Business Rewards Visa to your friends?
Other Business Credit Cards
- Asiana Airlines Business credit card
- Bank of Stockton Business MasterCard®
- Banner Bank Commercial Mastercard®
- BayPort CU Mastercard® Business Credit Card
- Business Advantage Cash Rewards Credit Card
- Exchange Bank of California Business Cash Card
- M&T Bank Business Rewards Credit Card
- Members First Credit Union Business VISA Platinum
- Midflorida CU Non-Profit Business Visa Card
- Mountain View Bank MasterCard Credit Card
- Oregon Community Credit Union Business Visa Credit Card
- People's Bank of Commerce Business MasterCard
