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  Midflorida Credit Union Business Visa Platinum Card

Midflorida Credit Union Business Visa Platinum Card

in Business Credit Cards from Midflorida Credit Union

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Midflorida Credit Union Business Visa Platinum Card

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in Business Credit Cards from Midflorida Credit Union

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Highlights
Purchase APR  (Variable APR) 10.49% - 18%
Balance Transfer APR  (Variable APR) 10.49% - 18%
Credit Score Range 600 - 850
Annual Fee $0

Midflorida Credit Union Business Visa Platinum Card Review

Key Takeaways
  • Competitive APRs. Midflorida Credit Union Business Visa Platinum Card has a variable purchase APR that ranges from 10.49% up to 18%.
  • No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, 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 above600.
Pros & Cons of Midflorida Credit Union business credit card
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Considers applicants with fair or poor credit.
  • Midflorida Credit Union Business Visa Platinum Card reports to multiple credit bureaus.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 1%.
  • You don't earn rewards on every purchase.
  • Does not include many credit card benefits.
Midflorida Credit Union business credit card FAQ

Who is Midflorida Credit Union business credit card designed for?

This is a credit card issued by Midflorida Credit Union. 

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 variable purchase APR that ranges from 10.49% up to 18%. The card has a variable balance transfer APR that ranges from 10.49% up to 18%.

It also has a variable cash advance APR that ranges from 10.49% up to 18%. Note that late payments are subject to an APR of 17.99% 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.

Midflorida Credit Union business credit card Rates & Terms
Purchase APR 10.49% - 18%
Balance Transfer APR 10.49% - 18%
Cash Advance APR 10.49% - 18%
Penalty APR 17.99%

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 $10.
  • 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.

Midflorida Credit Union business credit card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Returned Payment Fee up to $25
Late Payment Fee up to $10

Does it offer a cash back rewards program?

No, it does not offer a cash back rewards program.

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 customer service phone number?

The customer service number for this business card is (866) 913-3733.

What is the support contact email?

The support contact email for this business credit card is midfloridacreditunionamp@livenation.com.

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

Yes, Midflorida Credit Union Business Visa Platinum 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 Midflorida 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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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 Midflorida Credit Union Business Visa Platinum Card

When you work hard, you want a credit card that works hard too. With the Visa Platinum, you'll be able to keep your business expenses organized and stretch your cash flow. You can use it to pay bills, cover large expenses and or take a cash advance.  Plus, you'll pay a lower interest rate and no annual fee. No annual fee. Competitive interest rates. Unlimited number of authorized cardholders at no extra cost. Mobile Wallet with Google Pay, Apple Pay and Samsung Pay. Transaction alerts. Automated Fraud Alerts to notify you of suspicious activity.

Feature Breakdown

Annual Fee $0
Minimum Interest Charge $0
No Annual Fee
No Interest Grace Period for Late Payment 21 days
Over-Limit Fee $0
Cash Advance Fee (%) Starting at 2%
Cash Advance Fee Minimum $20
Foreign Currency Transaction Fee 1%
Late Fee Amount Up to $10
Minimum Cash Advance Fee ($) Starting at $20
Returned Payment Fee Up to $25
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
Rewards Type No Rewards
Balance Computation Average daily balance (including new purchases).
Cash Advance APR (Variable APR) 10.49% - 18%
Penalty APR (Variable APR) 17.99%
Purchase APR (Variable APR) 10.49% - 18%
Balance Transfer APR (Variable APR) 10.49% - 18%
Card Network Visa
Card Type
  • Low Interest

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