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  Merchants Bank Visa Business Scorecard

Merchants Bank Visa Business Scorecard

in Business Credit Cards from Merchants Bank

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Merchants Bank Visa Business Scorecard

Unaffiliated

in Business Credit Cards from Merchants Bank

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Highlights
Purchase APR  (Variable APR) N/A
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 670 - 750
Annual Fee Starting at 45

Merchants Bank Visa Business Scorecard Review

Merchants Bank Visa Business Scorecard FAQ

Who is Merchants Bank Visa Business Scorecard designed for?

Merchants Bank Visa Business Scorecard is a credit card issued by Merchants Bank. 

This card is designed for businesses with good credit. The minimum credit score to apply is 670.

What are the relevant APRs for Merchants Bank Visa Business Scorecard?

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 Merchants Bank Visa Business Scorecard have an introductory APR offer?

Merchants Bank Visa Business Scorecard does not offer an introductory rate on new purchases.

Merchants Bank Visa Business Scorecard Rates & Terms
Penalty APR 21.75%

What are the Merchants Bank Visa Business Scorecard fees?

The following fees apply to Merchants Bank Visa Business Scorecard:

  • An annual fee of $45.
  • A returned payment fee of up to $30.
  • An overlimit fee of $25.

Does Merchants Bank Visa Business Scorecard have a foreign transaction fee?

Merchants Bank Visa Business Scorecard 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 card at home and apply for one that doesn't charge a foreign transaction fee.

Merchants Bank Visa Business Scorecard Fees
Fees Amount
Annual Fee $45
Foreign Transaction Fee 1%
Balance Transfer Fee 0%
Returned Payment Fee up to $30

Is there a Merchants Bank Visa Business Scorecard cash back or rewards program?

No, Merchants Bank Visa Business Scorecard does not offer a rewards program.

Does Merchants Bank Visa Business Scorecard report your account activity to credit bureaus?

Yes, Merchants Bank Visa Business Scorecard 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 for Merchants Bank Visa Business Scorecard

  • Visit the Merchants Bank .
  • 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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Contact

Hours of Operation

  • Sunday Closed
  • Monday 7:00am - 2:00am
  • Tuesday 7:00am - 12:00am
  • Wednesday 7:00am - 2:00am
  • Thursday 7:00am - 2:00am
  • Friday 7:00am - 3:00am
  • Saturday Closed

Other Services by Merchants Bank

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View all business credit cards offered by Merchants Bank

Feature Breakdown

No Interest Grace Period for Late Payment 25 days
Annual Fee Starting at 45
Cash Advance Fee Minimum 3
Foreign Currency Transaction Fee 1
Late Fee Amount Starting at 25
Minimum Cash Advance Fee ($) Starting at 3
Over-Limit Fee 25
Returned Payment Fee Up to 30
Customer Type Business
Minimum Age 18
Credit Score Range 670 - 750
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Rewards Type No Rewards
Balance Computation Average daily balance, including new purchases
Penalty APR (Variable APR) 21.75

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