SuperMoney
  MECU VISA Business Credit Card

MECU VISA Business Credit Card

in Business Credit Cards from MECU

Unaffiliated

MECU VISA Business Credit Card

Unaffiliated

in Business Credit Cards from MECU

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend MECU VISA Business Credit Card to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Purchase APR  (Variable APR) Starting at 8.25%
Balance Transfer APR  (Variable APR) Starting at 8.25%
Credit Score Range 670 - 850
Annual Fee $0

MECU VISA Business 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.
  • $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 0%.
  • 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.
  • Good or better credit required. You will have low approval odds if your credit score is below 670.
Pros & Cons of MECU VISA Business Credit Card
The Good The Bad
  • Lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 1.99%.
  • No balance transfer fee.
  • No annual fee.
  • Cardholders can earn rewards on purchases everywhere MECU VISA Business Credit Card is accepted.
  • MECU VISA Business Credit Card reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.
  • Does not include many credit card benefits.
MECU VISA Business Credit Card FAQ

Who is MECU VISA Business Credit Card designed for?

This is a credit card issued by MECU. 

This business card is designed for small business owners with good credit. The minimum credit score to apply is 670.

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 8.25% . The card has a variable balance transfer APR starting at 8.25% .

It also has a variable cash advance APR starting at 8.25% .

The good news is this business card does not charge a penalty APR if you are late on a payment.

Does it have an introductory APR offer?

Yes, this business card offers an introductory APR rate on balance transfers of 1.99% for a period of 6 months from account opening.

This business card does offer an introductory APR rate on new purchases of 1.99% for a period of 6 months.

MECU VISA Business Credit Card Rates & Terms
Purchase APR Starting at 8.25%
Balance Transfer APR Starting at 8.25%
Cash Advance APR Starting at 8.25%
Penalty APR 0%

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 $29.
  • A returned payment fee of up to $15.
  • An overlimit fee of $29.

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.

MECU VISA Business Credit Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Balance Transfer Fee 0%
Minimum Balance Transfer Fee $0
Returned Payment Fee $15
Late Payment Fee $29

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 is the customer service phone number?

The customer service number for this business card is (800) 248-6328.

What is the support contact email?

The support contact email for this business credit card is info1@mecu.com.

Does MECU VISA Business Credit Card report your account activity to credit bureaus?

Yes, MECU VISA Business 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 MECU .
  • 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 MECU VISA Business Credit Card

Earn unlimited rewards on every purchase made for your business, along with great rates and no annual fee. One day you'll use it to pay for unexpected equipment repairs. The next day it might purchase supplies. By week's end, it will cover an important client lunch and buy pizzas for your hard-working crew. When it comes to getting things done, a MECU Business Platinum Credit Card is a must-have for your wallet.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 4:30pm
  • Tuesday 8:30am - 4:30pm
  • Wednesday 8:30am - 4:30pm
  • Thursday 9:00am - 4:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by MECU

Feature Breakdown

Introductory Rate 1.99%
Purchase Intro APR Period (Variable APR) 6 months
Annual Fee $0
Minimum Interest Charge $0
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee (%) 3%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 1%
Late Fee Amount $29
Minimum Cash Advance Fee ($) $10 - $99
Over-Limit Fee $29
Returned Payment Fee $15
Customer Type Business
Minimum Age 18
Credit Score Range 670 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Categories
  • Every Purchase
Balance Computation Average daily balance (including new purchases)
Cash Advance APR (Variable APR) Starting at 8.25%
Credit Limit $5,000 - $50,000
Penalty APR (Variable APR) 0%
Purchase APR (Variable APR) Starting at 8.25%
Balance Transfer Fee % 0%
Balance Transfer Fee % After Intro Period Starting at 0%
Balance Transfer Fee Minimum $0
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer Introductory APR (Variable APR) 1.99%
Balance Transfer APR (Variable APR) Starting at 8.25%
Card Network Visa
Card Type
  • Rewards

Be the first to rate

 

Would you recommend MECU VISA Business Credit Card to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Business Credit Cards