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One Seriously Helpful Business Card
Business success happens a little bit each day. The Grow Visa® Business Rewards Credit Card can help. It’s a tiny card with a big impact. You’ll save money with lower rates for purchases and balance transfers, stay protected with overdraft protection linked to your Grow Business Checking Account and earn rewards points redeemable for gift cards, travel and more.1
To get started, reach out to our Business Solutions team below or stop by a Grow store. We offer personalized service to each business owner who banks with us, and we look forward to talking with you about our Grow Visa Rewards Card.
Grow Visa Business Rewards Credit Card
Enjoy the same low rate for both purchases and balance transfers, with a special introductory APR of 1.99% to 8.99% for the first six billing cycles. After the introductory period expires, or if you don’t qualify for an introductory rate, enjoy a low standard APR of 11.74% to 16.49%. That’s right — even our standard APR is significantly lower than the national average rate for business credit cards, which is 17.43% APR.2 Plus, as a credit union, our rates will never exceed 18.00%, and we work diligently to keep fees to a minimum. We don’t believe in annual fees or balance transfer fees, so we don’t charge them. Need your card for international transactions? Our foreign transaction fee is lower than most at just 1%.
ZERO BALANCE TRANSFER FEES
LOW APR FOR SIX MONTHS
ZERO ANNUAL FEE
Apply for a Business Rewards Credit Card
If you’re ready to open your card, reach out to our Business Solutions team below or stop by a Grow store, and we’ll be happy to help. Why do we ask you to get in touch this way? At Grow, we do our best to work personally with each small business owner to make sure you have the right products and services for your business. Talk to us about opening a Grow Visa Business Rewards Card today!
We’ve talked about lower fees, better rates and rewards. Need a few more reasons to get a credit card for your business? While regular consumer credit cards and business credit cards can be similar, there’s an important distinction: business credit cards are designed for business use. Streamline your transactions to avoid mixing personal with business purchases. You’ll thank yourself when tax time rolls around. Keeping transactions separate will save your bookkeeper (is that you?) a lot of time and headaches. Plus, a business credit card provides access to short-term cash, functioning like a loan, until your next payment is due.
Yes, we do work with LLCs and have many LLC business members. We also work with S-Corps, C-Corps, partnerships, not-for-profits and sole proprietorships. If you’d like to open a business credit card with us but aren’t a member of Grow yet, learn more about opening a business account at Grow.
Credit scores are generally measured on a scale of 300 to 850. The minimum credit score to open a Grow Visa Business Rewards Credit Card is 650. We also offer a Grow Visa Business Secured Credit Card, which can be a great option for anyone working to improve their credit score. When you apply for a loan or credit card with us, we’ll review your credit history to see what you may qualify for and can talk to you about your options.
If your credit isn’t where you’d like it to be yet, don’t worry. With on-time payments and consistency, anyone can work on their credit score. For more information about building your credit, visit our Credit Education page.
You sure can. Payments can be made as frequently as you’d like, and some people do choose to send in an extra payment between statement periods to help cut down their balance faster or to keep their credit utilization low. Payments are only due once per month on your specified billing due date though, and most people pay their credit cards monthly.
To avoid interest altogether, you can pay off your full statement balance before the payment due date. That way, you can use your card like short-term cash, earning rewards along the way, while avoiding interest. You’ll want to note that interest on cash advances begins accruing immediately, so be careful with cash advances to avoid unwanted interest.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: when you open an account we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Subject to credit approval.
1Annual Percentage Rate (APR). Rates are variable and will vary with the market based on Prime Rate as published in the Wall Street Journal “Money Rates” table on the last day of each calendar month. The APR will not exceed 18.00%. If the minimum monthly payment is 60 days late twice in a 12-month period, the rate will revert to a default rate of 18.00% for six (6) billing cycles. Other APRs: Cash Advances 18.00%, Overdraft to Share Account 18.00%. A finance charge of 1.00% will be charged on foreign transactions. The rate you receive will be based on your creditworthiness. Rates are effective as of 07/16/2022 and may change without notice.
2According to February 2022 data collected by The Balance. Accessed April 4, 2022.
Verified by Visa | Disclosures
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466
Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733