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  Member One Federal Credit Union Visa Platinum With Rewards

Member One Federal Credit Union Visa Platinum With Rewards

in Business Credit Cards from Member One Federal Credit Union

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Member One Federal Credit Union Visa Platinum With Rewards

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in Business Credit Cards from Member One Federal Credit Union

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Highlights
Purchase APR  (Variable APR) Starting at 11.99%
Balance Transfer APR  (Variable APR) Starting at 11.99%
Credit Score Range 650 - 850
Annual Fee $0

Member One Federal Credit Union Visa Platinum With Rewards 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.
  • 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 oods if your credit score is above650.
Pros & Cons of Member One Federal Credit Union Visa Platinum With Rewards
The Good The Bad
  • Lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 5.9%.
  • No balance transfer fee.
  • No annual fee.
  • Travel accident insurance.
  • Cardholders can earn rewards on purchases everywhere Member One Federal Credit Union Visa Platinum With Rewards is accepted.
  • Member One Federal Credit Union Visa Platinum With Rewards reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 1%.
  • Does not include many credit card benefits.
Member One Federal Credit Union Visa Platinum With Rewards FAQ

Who is Member One Federal Credit Union Visa Platinum With Rewards designed for?

This is a credit card issued by Member One Federal Credit Union. 

This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.

This business card has a credit limit of up to 2500.

What are the relevant APRs?

This business credit card has a variable purchase APR starting at 11.99% . The card has a variable balance transfer APR starting at 11.99% .

It also has a variable cash advance APR starting at 11.99% .

Does it have an introductory APR offer?

Yes, this business card offers an introductory APR rate on balance transfers of 5.9% for a period of 12 months from account opening.

This business card does offer an introductory APR rate on new purchases of 5.9% for a period of 12 months.

Member One Federal Credit Union Visa Platinum With Rewards Rates & Terms
Purchase APR Starting at 11.99%
Balance Transfer APR Starting at 11.99%
Cash Advance APR Starting at 11.99%

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 $25.
  • A returned payment fee of up to $25.
  • There is no overlimit fee

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.

Member One Federal Credit Union Visa Platinum With Rewards Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee up to $25
Late Payment Fee up to $25

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 are the benefits?

This business credit card provides the following benefits:

  • Fraud Liability
  • Travel Accident Insurance
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (800) 666-8811.

Does Member One Federal Credit Union Visa Platinum With Rewards report your account activity to credit bureaus?

Yes, Member One Federal Credit Union Visa Platinum With Rewards 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 Member One Federal 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.
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.

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Other Services by Member One Federal Credit Union

Feature Breakdown

Every Purchase (Points) Starting at 1
Introductory Rate 5.9%
Purchase Intro APR Period (Variable APR) 12 months
Annual Fee $0
Cash Advance Fee (%) 0%
Cash Advance Fee Minimum $0
Minimum Cash Advance Fee ($) $0
No Annual Fee
Over-Limit Fee $0
Foreign Currency Transaction Fee 1%
Late Fee Amount Up to $25
Returned Payment Fee Up to $25
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
  • Travel Accident Insurance
Rewards Categories
  • Every Purchase
Balance Computation Average Daily Balance (Including New Purchases.)
Cash Advance APR (Variable APR) Starting at 11.99%
Credit Limit Starting at $2,500
Purchase APR (Variable APR) Starting at 11.99%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer Introductory APR (Variable APR) 5.9%
Balance Transfer APR (Variable APR) Starting at 11.99%
Card Network Visa
Card Type
  • Rewards

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