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  Lake Trust Credit Union Platinum Business Visa Credit Card

Lake Trust Credit Union Platinum Business Visa Credit Card

in Business Credit Cards from Lake Trust Credit Union

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Lake Trust Credit Union Platinum Business Visa Credit Card

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in Business Credit Cards from Lake Trust Credit Union

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Highlights
Purchase APR  (Variable APR) Starting at 10.9%
Balance Transfer APR  (Variable APR) Starting at 10.9%
Credit Score Range 600 - 850
Annual Fee $0

Lake Trust Credit Union Platinum Business Visa Credit Card Review

Key Takeaways
  • No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
  • Fair or better credit required. You will have good approval oods if your credit score is above600.
Pros & Cons of Lake Trust Credit Union Platinum Business Visa Credit Card
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Travel accident insurance.
  • Considers applicants with fair or poor credit.
  • Cardholders can earn rewards on their purchases.
  • Lake Trust Credit Union Platinum Business Visa Credit Card reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
Lake Trust Credit Union Platinum Business Visa Credit Card FAQ

Who is Lake Trust Credit Union Platinum Business Visa Credit Card designed for?

This is a credit card issued by Lake Trust Credit Union. 

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

This business card has a credit limit of up to 5000.

What are the relevant APRs?

This business credit card has a variable purchase APR starting at 10.9% . The card has a variable balance transfer APR starting at 10.9% .

It also has a variable cash advance APR starting at 10.9% .

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.

Lake Trust Credit Union Platinum Business Visa Credit Card Rates & Terms
Purchase APR Starting at 10.9%
Balance Transfer APR Starting at 10.9%
Cash Advance APR Starting at 10.9%

What fees does it charge?

The following fees apply to this business credit card:

  • There is no annual fee.
  • A late payment penalty of up to $35.
  • A returned payment fee of up to $25.
Lake Trust Credit Union Platinum Business Visa Credit Card Fees
Fees Amount
Annual Fee $0
Balance Transfer Fee 0%
Minimum Balance Transfer Fee $0
Returned Payment Fee $25
Late Payment Fee up to $35

Does it offer a cash back rewards program?

This business credit card offers a rewards program to its customers.

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:

  • Travel Accident Insurance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (888) 267-7200.

Does Lake Trust Credit Union Platinum Business Visa Credit Card report your account activity to credit bureaus?

Yes, Lake Trust Credit Union Platinum Business Visa Credit Card 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 Trust 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.
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Feature Breakdown

Annual Fee $0
Cash Advance Fee (%) 0%
Cash Advance Fee Minimum $0
Minimum Cash Advance Fee ($) $0
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Late Fee Amount Up to $35
Returned Payment Fee $25
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Purchase Protection
  • Travel Accident Insurance
Rewards Type Points
Cash Advance APR (Variable APR) Starting at 10.9%
Credit Limit Starting at $5,000
Purchase APR (Variable APR) Starting at 10.9%
Balance Transfer Fee % 0%
Balance Transfer Fee % After Intro Period Starting at 0%
Balance Transfer Fee Minimum $0
Balance Transfer APR (Variable APR) Starting at 10.9%
Card Network Visa
Card Type
  • Rewards

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