Commerce Bank Miles Rewards Visa Credit Card

Commerce Bank Miles Rewards Visa Credit Card Review

This is a rewards card issued by Commerce Bank. If you're wondering whether Commerce Bank Miles Rewards Visa Credit Card is the right card for you, read on.

Key Takeaways

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Competitive APRs. Commerce Bank Miles Rewards Visa Credit Card has a variable purchase APR that ranges from 15.24% up to 28.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. Commerce Bank Miles Rewards Visa Credit Card charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $10.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

Pros & Cons of Commerce Bank Miles Rewards Visa Credit Card

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR on new purchases during the first 12 months. There is then a variable purchase APR that ranges from 15.24% up to 28.24%. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Travel assistance insurance No foreign transaction fee. Cardholders can earn rewards on purchases everywhere Commerce Bank Miles Rewards Visa Credit Card is accepted. Commerce Bank Miles Rewards Visa Credit Card reports to multiple credit bureaus.

Does not offer a signup bonus. Charges a 5% balance transfer fee.

Commerce Bank Miles Rewards Visa Credit Card FAQ

Does Commerce Bank Miles Rewards Visa Credit Card have a cash back or rewards program?

Commerce Bank Miles Rewards Visa Credit Card is a travel rewards card.

Commerce Bank Miles Rewards Visa Credit Card Rewards

Minimum rewards rate	1x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Commerce Bank Miles Rewards Visa Credit Card benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Cell Phone Protection
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Commerce Bank Miles Rewards Visa Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

Commerce Bank Miles Rewards Visa Credit Card has a variable purchase APR that ranges from 15.24% up to 28.24%. The card has a variable balance transfer APR that ranges from 15.24% up to 28.24%. It also has a variable cash advance APR of 28.24% . Note that late payments are subject to an APR of 30.24% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Commerce Bank Miles Rewards Visa Credit Card?

The following fees apply:

Commerce Bank Miles Rewards Visa Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Commerce Bank Miles Rewards Visa Credit Card report your account activity to credit bureaus?

Yes, Commerce Bank Miles Rewards Visa Credit Card 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 Commerce Bank Miles Rewards Visa Credit Card

• Visit the Commerce Bank Miles Rewards Visa Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.