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  Commerce Bank Secured Visa Credit Card

Commerce Bank Secured Visa Credit Card

in Personal Credit Cards from Commerce Bank

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Commerce Bank Secured Visa Credit Card

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in Personal Credit Cards from Commerce Bank

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Highlights
Purchase APR  (Variable APR) 18.24%
Balance Transfer APR  (Variable APR) 18.24%
Credit Score Range 300 - 550
Annual Fee $49

Commerce Bank Secured Visa Credit Card Review

This is a secured credit card credit card issued by Commerce Bank. If you're wondering whether Commerce Bank Secured Visa Credit Card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 18.24%
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% every time you make a transaction outside the U.S.
  • Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
  • Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have good approval odds.
Pros & Cons of Commerce Bank Secured Visa Credit Card
The Good The Bad
  • Offers auto rental collision damage waiver.
  • Considers applicants with fair or poor credit.
  • Commerce Bank Secured Visa Credit Card reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • Charges an annual fee of $49
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 2%.
  • You don't earn rewards on every purchase.
Commerce Bank Secured Visa Credit Card FAQ

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

No, it does not offer a rewards program.

What are the Commerce Bank Secured Visa Credit Card benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Zero fraud liability
  • Cell Phone Protection
  • Reports to major credit bureaus

What are the relevant APRs for Commerce Bank Secured 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. It has higher than average regular APRs.

It has a variable purchase APR of 18.24%. The card has a variable balance transfer APR of 18.24% . It also has a variable cash advance APR of 25.24% .

Does Commerce Bank Secured Visa Credit Card have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Commerce Bank Secured Visa Credit Card have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Commerce Bank Secured Visa Credit Card?

The following fees apply:

Commerce Bank Secured Visa Credit Card Fees
Fees Amount
Annual Fee $49
Foreign Transaction Fee 2%
Returned Payment Fee $25
Late Payment Fee $5 - $15

Does Commerce Bank Secured Visa Credit Card have a foreign transaction fee?

Commerce Bank Secured Visa Credit Card charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.

What is the customer service phone number for Commerce Bank Secured Visa Credit Card?

The Commerce Bank Secured Visa Credit Card customer service number is (816) 234-2000.

What is the support contact email for Commerce Bank Secured Visa Credit Card?

The support contact email for Commerce Bank Secured Visa Credit Card is mymoney@commercebank.com.

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

Yes, Commerce Bank Secured 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 Secured Visa Credit Card

  • Visit the Commerce Bank Secured 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Cash Advance Fee Minimum $0
No Interest Grace Period for Late Payment 25 days
Foreign Currency Transaction Fee 2%
Annual Fee $49
Minimum Interest Charge $2.50
Returned Payment Fee $25
Late Fee Amount $5 - $15
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 300 - 550
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Fraud Liability
Rewards Type No Rewards
Cash Advance APR (Variable APR) 25.24%
Balance Computation Daily Balance” (including new Purchases and Fees)
Credit Limit Up to $5,000
Purchase APR (Variable APR) 18.24%
Balance Transfer APR (Variable APR) 18.24%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%
Card Type
  • Secured
  • Balance Transfer
Card Network Visa

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