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  People's Bank of Commerce World MasterCard
People's Bank of Commerce World MasterCard Unaffiliated

People's Bank of Commerce World MasterCard

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Highlights
Purchase APR  (Variable APR) 13.24%
Balance Transfer APR  (Variable APR) 16.74%
Credit Score Range 650 - 850
Annual Fee $249

People's Bank of Commerce World MasterCard Review

This is a card issued by People's Bank of Commerce. If you're wondering whether People's Bank of Commerce World MasterCard is the right card for you, read on.

Key Takeaways

  • Competitive APRs. People's Bank of Commerce World MasterCard has a variable purchase APR of 13.24%
  • 4% Balance transfer fee. People's Bank of Commerce World MasterCard charges a fee of 4% on balance transfers. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $10.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of People's Bank of Commerce World MasterCard

The Good The Bad
  • Potentially lower than average purchase APRs.
  • Has an introductory APR rate on balance transfers of 2.99%.
  • Identity Theft Protection.
  • People's Bank of Commerce World MasterCard reports to multiple credit bureaus.
  • Charges an annual fee of $249
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 3%.
  • You don't earn rewards on every purchase.
  • Charges a 4% balance transfer fee.
  • Does not include many credit card benefits.

What are the relevant APRs?

This business credit card has a variable purchase APR of 13.24%. The card has a variable balance transfer APR of 16.74% .

It also has a variable cash advance APR of 16.74%. Note that late payments are subject to an APR of 23.99% 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?

Yes, this business card offers an introductory APR rate on balance transfers of 2.99% for a period of 6 months from account opening.

This business card does not offer an introductory rate on new purchases.

People's Bank of Commerce World MasterCard Rates & Terms
Purchase APR 13.24%
Balance Transfer APR 16.74%
Cash Advance APR 16.74%
Penalty APR 23.99%

What fees does it charge?

The following fees apply to this business credit card:

  • An annual fee of $249.
  • A late payment penalty of up to $35.
  • There is no overlimit fee

Does it charge a foreign transaction fee?

This business card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. 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.

People's Bank of Commerce World MasterCard Fees
Fees Amount
Annual Fee $249
Foreign Transaction Fee 3%
Balance Transfer Fee 4%
Minimum Balance Transfer Fee $10
Late Payment Fee up to $35

Does it offer a cash back or rewards program?

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

What are the benefits?

This business credit card provides the following benefits:

  • Fraud Liability
  • Reports to major credit bureaus

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is info@peoplesbank.bank.

Does People's Bank of Commerce World MasterCard report your account activity to credit bureaus?

Yes, People's Bank of Commerce World MasterCard 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?

  • Visit the People's Bank of Commerce .
  • 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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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.

Message From People's Bank of Commerce World MasterCard

World Elite Plus. $249 Annual Fee ($49 for each additional card).

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 8:30am - 5:00pm
  • Thursday 8:30am - 5:00pm
  • Friday 8:30am - 6:00pm
  • Saturday Closed

Other Services by People's Bank of Commerce

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Feature Breakdown

Annual Fee $249
Cash Advance Fee (%) Starting at 5%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 3%
Late Fee Amount Up to $35
Minimum Cash Advance Fee ($) Starting at $10
Minimum Interest Charge $1
No Interest Grace Period for Late Payment 25 days
Over-Limit Fee $0
Returned Payment Fee Starting at $25
Customer Type Business
Minimum Age 18
Credit Score Range 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Fraud Liability
Rewards Type No Rewards
APR Type Variable APR
Balance Computation Average daily balance (including new purchases).
Cash Advance APR (Variable APR) 16.74%
Penalty APR (Variable APR) 23.99%
Purchase APR (Variable APR) 13.24%
Balance Transfer Fee % 4%
Balance Transfer Fee Minimum $10
Balance Transfer Intro APR Period (Variable APR) 6 months
Balance Transfer Introductory APR (Variable APR) 2.99%
Balance Transfer APR (Variable APR) 16.74%
Card Network Mastercard
Card Type
  • Bad Credit

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