MIT Federal Credit Union Visa Business Cash Card

Key Takeaways

• 0% Intro APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for 6 months, which is shorter than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for 6 months.
• Signup bonus. Offers a signup bonus of up to $25.
• APRs: MIT Federal Credit Union Visa Business Cash Card has a variable regular purchase APR that ranges from 13.99% up to 22.99%.
• No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• A 3% balance transfer fee. MIT Federal Credit Union Visa Business Cash Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 3% every time you make a transaction outside the U.S.
• Multiple business credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, identity theft protection, purchase security, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if you have a fair credit score or better.

Pros & Cons of MIT Federal Credit Union Visa Business Cash Card

What are the relevant APRs?

What fees does it charge?

• There is no annual fee.
• A late payment penalty of up to $39 .
• A returned payment fee of up to $35.

Does it offer a cash back or rewards program?

• Gas stations
• Restaurants