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Last Updated: 04/18/2025

Merchants Bank Visa Business Scorecard

in Business Credit Cards from Merchants Bank

Last Updated: 04/18/2025

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Highlights

Purchase APR (Variable APR)

Starting at 4%(Verified 06/21/2024)
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Balance Transfer APR (Variable APR)

Starting at 4%(Verified 06/21/2024)
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Annual Fee

$45

Credit Score Range

600 - 850

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Merchants Bank Visa Business Scorecard Review

This is a card issued by Merchants Bank. If you're wondering whether Merchants Bank Visa Business Scorecard is the right card for you, read on.

Key Takeaways

  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 1% every time you make a transaction outside the U.S.
  • Poor credit accepted. This card will consider people who have poor credit.

Pros & Cons of Merchants Bank Visa Business Scorecard

What are the relevant APRs?

This business credit card has a variable purchase APR starting at 4% . The card has a variable balance transfer APR starting at 4% .
It also has a variable cash advance APR starting at 7% . Note that late payments are subject to an APR of 21.75% 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.

What fees does it charge?

The following fees apply to this business credit card:
  • An annual fee of $45 .
  • A late payment penalty of $25 .
  • A returned payment fee of $30.

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.

Does it offer a cash back or rewards program?

No, it does not offer a cash back rewards program.

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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.

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    Message from Merchants Bank Visa Business Scorecard

    Earn additional bonus points on your Visa® ScoreCard Credit Card at participating retailers online or in-store with ScoreMore.

    Contact

    Headquarters

    102 East Third Street Winona, MN 55987
    Winona, MN 55987
    Visit Site

    Hours of Operation

    Sunday
    Closed
    Monday
    7:00AM - 2:00AM
    Tuesday
    Closed
    Wednesday
    7:00AM - 2:00AM
    Thursday
    7:00AM - 2:00AM
    Friday
    7:00AM - 3:00AM
    Saturday
    Closed

    Other Services by Merchants Bank