This review is for the American Eagle Federal Credit Union Visa Business Platinum Rewards Credit Card. One of three credit cards offered by the American Eagle Federal Credit Union (AEFCU), the Visa Business Platinum Rewards card is the only one specifically designed for business customers.
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This card was designed primarily for small business customers who are part of the AEFCU and have an account with the credit union.
American Eagle FCU Visa Business Platinum Rewards Card Details
The AEFCU Visa Business Platinum Rewards Card offers an annual percentage rate that is variable based on prime. For purchases, the APR is 3%, 6%, or 9% above prime; while the cash advance and balance transfer APRs are the same.
The credit limit for the Business Platinum Card ranges anywhere from $5,000 and all the way up to $25,000. There is no annual fee for the card. The grace period of 25 days allows you to pay your balance off each month without accruing any interest charges.
The late fee for the card is $25, and the fee for a returned payment is up to $30.
American Eagle FCU Visa Business Platinum Rewards Card Benefits
The AEFCU offers a rewards program that can help you earn points for a variety of awards. Points build with every eligible purchase and can be redeemed for things such as:
- Travel and vacation packages
- Auto rentals
- Gift cards
- Various merchandise
There is 24-hour customer service availability, as well an online account access. In addition, as a business customer, you can have cards for different employees.
Finally, in order to qualify for the business card, the company must have a savings account with AEFCU.
American Eagle FCU Visa Business Platinum Rewards Card Bottom Line
The AEFCU Visa Business Card offers a rewards program with no annual fee, and despite a high APR, can still be a good card for companies that already have a banking relationship with the credit union. For free tips on how to use your credit card wisely, visit http://www.federalreserve.gov/creditcard.
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