This review is for the ESL Federal Credit Union Visa Business Credit Card. This is the only business card offered by the ESL Federal Credit Union. However, there are two different options available with the Visa Business Credit Card; you can get it with rewards or without rewards. If you are looking for a personal card, ESL Federal Credit Union offers a Visa Gold Credit Card.
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ESL Federal Credit Union also offers a wide array of Visa Gift Cards and Visa Prepaid Cards. These cards can be reloaded and offers the convenience and flexibility of a debit card while being safer than carrying cash.
ESL Federal Credit Union Visa Business Credit Card Details
The ESL Federal Credit Union Visa Business Credit Card that offers a rewards program carries a credit card annual fee of $50, while the Visa Card without rewards does not charge an annual fee. Both cards offer a special six-month introductory annual percentage rate of 3.99% on purchases. There is no discounted rate, however, on balance transfers or cash advances.
The APR for the cards at all other times are the exact same with purchases carrying an annual percentage rate of prime plus 6.74%, balance transfers carrying an APR of prime plus 10.74% and cash advances carrying a rate of prime plus 14.74%.
However, because ESL Federal Credit Union is governed by the National Credit Union Associates, rates for purchases can never exceed 18% no matter how high the prime rate. While this may seem like a benefit to the cardholder, there remains an argument that capping any type of credit card will not necessarily result in a savings for the consumer according to MarketWatch.
ESL Federal Credit Union Visa Business Credit Card Benefits
The ESL Federal Credit Union also offers a Visa Business Check Card. While this card is different from the ESL Federal Credit Union Visa business credit card, it gives business owners and certain employees the ability to have a debit card that deducts purchases directly from a checking or savings account at ESL.
Use the credit card chaser today and compare credit cards from the comfort of your own home.
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