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  PrimeWay FCU Smart Business Rewards Credit Card
PrimeWay FCU Smart Business Rewards Credit Card Unaffiliated

PrimeWay FCU Smart Business Rewards Credit Card

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Highlights
Purchase APR  (Variable APR) 15.99 - 20.99
Balance Transfer APR  (Variable APR) 15.99 - 20.99
Credit Score Range 650 - 850
Annual Fee $95

PrimeWay FCU Smart Business Rewards Credit Card Review

Key Takeaways

  • Signup bonus. Offers a signup bonus of 20000 points after spending $500 that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. PrimeWay FCU Smart Business Rewards Credit Card has a variable purchase APR that ranges from 15.99% up to 20.99%.
  • 3% Balance transfer fee. PrimeWay FCU Smart Business Rewards Credit 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.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of PrimeWay FCU Smart Business Rewards Credit Card

The Good The Bad
  • Potentially lower than average purchase APRs.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere PrimeWay FCU Smart Business Rewards Credit Card is accepted.
  • PrimeWay FCU Smart Business Rewards Credit Card reports to multiple credit bureaus.
  • Charges an annual fee of $95
  • Charges a 3% balance transfer fee.
  • Does not include many credit card benefits.

PrimeWay FCU Smart Business Rewards Credit Card FAQ

Who is PrimeWay FCU Smart Business Rewards Credit Card designed for?

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

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

What are the relevant APRs?

This business credit card has a variable purchase APR that ranges from 15.99% up to 20.99%. The card has a variable balance transfer APR that ranges from 15.99% up to 20.99%.

It also has a variable cash advance APR of 23.99%. Note that late payments are subject to an APR of 28.99% 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 card does not offer an introductory rate on new purchases.

PrimeWay FCU Smart Business Rewards Credit Card Rates & Terms
Purchase APR 15.99% - 20.99%
Balance Transfer APR 15.99% - 20.99%
Cash Advance APR 23.99%
Penalty APR 28.99%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $95.
  • A late payment penalty of up to $39.
  • A returned payment fee of up to $35.
  • An overlimit fee of $39.

Does it charge a foreign transaction fee?

This business credit card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

PrimeWay FCU Smart Business Rewards Credit Card Fees
Fees Amount
Annual Fee $95
Foreign Transaction Fee 0%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $5
Returned Payment Fee $35
Late Payment Fee $19 to $39

Does it offer a cash back or rewards program?

Yes, PrimeWay FCU Smart Business Rewards 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.

However, it does include a 20000 points signup bonus after you spend $500 that can be redeemed for travel, gifts, or other perks.

Does it offer an annual loyalty bonus?

This business card doesn't offer a cash loyalty bonus.

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 (713) 799-6200.

What is the support contact email?

The support contact email for this business credit card is callcenter@primewayfcu.com.

Does PrimeWay FCU Smart Business Rewards Credit Card report your account activity to credit bureaus?

Yes, PrimeWay FCU Smart Business Rewards 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 PrimeWay 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.
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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 PrimeWay FCU Smart Business Rewards Credit Card

More Rewards. Less Rules. No Point Limits. Earn 2X rewards in your top 2 categories. APR for Purchases and Balance Transfers: 15.99% to 20.99% based on your creditworthiness when you open your account. This APR will vary with the market based on the Prime Rate. See terms & conditions. 2X points per $1 spent in your top two spend categories each month - Automatically. 1X points monthly per $1 spent on other eligible purchases. 20,000 bonus rewards points (equal to $200) rewarded when you spend $500 within first 90 days of account opening. Annual Fee: $0 introductory annual fee for the first 12 months, After that $95 for the first year and every year after it will be $95 for Account Owners and $0 for Authorized Employees.

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 9:00am - 2:00pm

Other Services by PrimeWay Federal Credit Union

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View all business credit cards offered by PrimeWay Federal Credit Union

Feature Breakdown

Annual Fee $95
Cash Advance Fee (%) Up to 4
Cash Advance Fee Minimum 10
Foreign Currency Transaction Fee 0
Late Fee Amount 19 - 39
Minimum Cash Advance Fee ($) Starting at 10
Minimum Interest Charge 2
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 30 days
Over-Limit Fee 39
Returned Payment Fee 35
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
Rewards Categories
  • Every Purchase
Signup Bonus (points) 20,000
APR Type Variable APR
Balance Computation average daily balance (including new purchases).
Cash Advance APR (Variable APR) 23.99
Penalty APR (Variable APR) 28.99
Purchase APR (Variable APR) 15.99 - 20.99
Balance Transfer Fee % 3
Balance Transfer Fee Minimum 5
Balance Transfer APR (Variable APR) 15.99 - 20.99
Card Network Visa
Card Type
  • Rewards
  • Balance Transfer

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