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  Neighbors Federal Credit Union Business Visa Platinum Credit Card

Neighbors Federal Credit Union Business Visa Platinum Credit Card

in Business Credit Cards from Neighbors Federal Credit Union

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Neighbors Federal Credit Union Business Visa Platinum Credit Card

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in Business Credit Cards from Neighbors Federal Credit Union

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Highlights
Purchase APR  (Variable APR) 7% - 18%
Balance Transfer APR  (Variable APR) 7% - 18%
Credit Score Range 600 - 850
Annual Fee $0

Neighbors Federal Credit Union Business Visa Platinum Credit Card Review

Key Takeaways
  • Signup bonus. Offers a signup bonus of $500 if you spend $4500.
  • Competitive APRs. Neighbors Federal Credit Union Business Visa Platinum Credit Card has a variable purchase APR that ranges from 7% up to 18%.
  • 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.
  • 2% Balance transfer fee. Neighbors Federal Credit Union Business Visa Platinum Credit Card charges a fee of 2% on balance transfers. For example, a balance of $1,000 could cost $20 in transfer fees. The minimum fee is $10.
  • 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 Neighbors Federal Credit Union Business Visa Platinum Credit Card
The Good The Bad
  • Lower than average purchase APRs.
  • No annual fee.
  • Identity Theft Protection.
  • Considers applicants with fair or poor credit.
  • Cardholders can earn rewards on purchases everywhere Neighbors Federal Credit Union Business Visa Platinum Credit Card is accepted.
  • Neighbors Federal Credit Union Business Visa Platinum Credit Card reports to multiple credit bureaus.
  • Charges a foreign transaction fee of 1%.
  • Charges a 2% balance transfer fee.
  • Does not include many credit card benefits.
Neighbors Federal Credit Union Business Visa Platinum Credit Card FAQ

Who is Neighbors Federal Credit Union Business Visa Platinum Credit Card designed for?

This is a credit card issued by Neighbors Federal Credit Union. 

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

This business card has a credit limit of up to 500.

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 7% up to 18%. The card has a variable balance transfer APR that ranges from 7% up to 18%.

It also has a variable cash advance APR that ranges from 7% up to 18%. Note that late payments are subject to an APR of 18% 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.

Neighbors Federal Credit Union Business Visa Platinum Credit Card Rates & Terms
Purchase APR 7% - 18%
Balance Transfer APR 7% - 18%
Cash Advance APR 7% - 18%
Penalty APR 18%

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 $50.
  • A returned payment fee of up to $26.
  • 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.

Neighbors Federal Credit Union Business Visa Platinum Credit Card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 1%
Balance Transfer Fee 2%
Minimum Balance Transfer Fee $10
Returned Payment Fee $26
Late Payment Fee $5 to $50

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?

Yes, it offers card users a signup bonus worth up to $500 after you spend $4500.

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
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is (225) 819-2178.

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

Yes, Neighbors Federal Credit Union Business Visa Platinum 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 Neighbors 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.

Contact

Hours of Operation

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

Other Services by Neighbors Federal Credit Union

Feature Breakdown

Annual Fee $0
No Annual Fee
Over-Limit Fee $0
Cash Advance Fee (%) 2%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 1%
Late Fee Amount $5 - $50
Minimum Cash Advance Fee ($) $10
Returned Payment Fee $26
Customer Type Business
Minimum Age 18
Credit Score Range 600 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Fraud Liability
Rewards Rates
  • Every Purchase
Signup Bonus $500
Balance Computation Average Daily Balance (Including New Purchases)
Cash Advance APR (Variable APR) 7% - 18%
Credit Limit $500 - $50,000
Penalty APR (Variable APR) 18%
Purchase APR (Variable APR) 7% - 18%
Balance Transfer Fee % 2%
Balance Transfer Fee Minimum $10
Balance Transfer APR (Variable APR) 7% - 18%
Card Network Visa
Card Type
  • Rewards
  • Balance Transfer

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