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  Members 1st CU (MI) Business Visa Platinum
Members 1st CU (MI) Business Visa Platinum
in Business Credit Cards from Members First Credit Union (MI)
Unaffiliated

Members 1st CU (MI) Business Visa Platinum

Unaffiliated
in Business Credit Cards from Members First Credit Union (MI)
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Highlights
Purchase APR  (Fixed APR) 9.9% - 16.9%
Balance Transfer APR  (Fixed APR) 9.9% - 16.9%
Credit Score Range 600 - 850
Annual Fee $0

Members 1st CU (MI) Business Visa Platinum Review

Key Takeaways

  • Competitive APRs. Members 1st CU (MI) Business Visa Platinum has a fixed purchase APR that ranges from 9.9% up to 16.9%.
  • 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 2% 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 600.

Pros & Cons of Members 1st CU (MI) Business Visa Platinum

The Good The Bad
  • Potentially lower than average purchase APRs.
  • No annual fee.
  • Considers applicants with fair credit.
  • Cardholders can earn rewards on their purchases.
  • Members 1st CU (MI) Business Visa Platinum reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Charges a foreign transaction fee of 2%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.

Members 1st CU (MI) Business Visa Platinum FAQ

Who is Members 1st CU (MI) Business Visa Platinum designed for?

This is a credit card issued by Members First Credit Union (MI).

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

What are the relevant APRs?

This business credit card has a fixed purchase APR that ranges from 9.9% up to 16.9%. The card has a fixed balance transfer APR that ranges from 9.9% up to 16.9%.

It also has a fixed cash advance APR that ranges from 9.9% up to 16.9%.

Does it have an introductory APR offer?

No, this business card does not come with an introductory APR offer for balance transfers.

This business card does not offer an introductory rate on new purchases.

Members 1st CU (MI) Business Visa Platinum Rates & Terms
Purchase APR 9.9% - 16.9%
Balance Transfer APR 9.9% - 16.9%
Cash Advance APR 9.9% - 16.9%

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 $25.
  • A returned payment fee of up to $25.

Does it charge a foreign transaction fee?

This business card charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. 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.

Members 1st CU (MI) Business Visa Platinum Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 2%
Balance Transfer Fee 0%
Minimum Balance Transfer Fee $0
Returned Payment Fee $25
Late Payment Fee $25

Does it offer a cash back or rewards program?

Yes, Members 1st CU (MI) Business Visa Platinum 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.

What is the customer service phone number?

The customer service number for this business card is (855) 835-6328.

Does Members 1st CU (MI) Business Visa Platinum report your account activity to credit bureaus?

Yes, Members 1st CU (MI) Business Visa Platinum 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 Members First Credit Union (MI) .
  • 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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Message From Members 1st CU (MI) Business Visa Platinum

The MFCU Visa is perfect to fund your happy with every day purchases, vacationing, home improvement projects or even for your business! Be proud to use a card that comes from the same place you do. Your MFCU VISA isn’t from a big bank, it’s from a cooperative you’re a part of. This card has simple terms and rates with no annual fees or balance transfer fees.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 58:00pm - 18:00pm
  • Tuesday 58:00pm - 18:00pm
  • Wednesday 58:00pm - 18:00pm
  • Thursday 58:00pm - 18:00pm
  • Friday 58:00pm - 18:00pm
  • Saturday Closed

About Members 1st CU (MI) Business Visa Platinum

Feature Breakdown

Annual Fee $0
Foreign Currency Transaction Fee 2%
Late Fee Amount $25
No Annual Fee
No Interest Grace Period for Late Payment 25 days
Returned Payment Fee $25
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Type Points
APR Type Fixed APR
Balance Computation Average Daily Balance
Cash Advance APR (Fixed APR) 9.9% - 16.9%
Purchase APR (Fixed APR) 9.9% - 16.9%
Balance Transfer Fee % 0%
Balance Transfer Fee % After Intro Period Starting at 0%
Balance Transfer Fee Minimum $0
Balance Transfer APR (Fixed APR) 9.9% - 16.9%
Card Network Visa
Card Type
  • Rewards

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