Commerce Bank World Elite Mastercard

Commerce Bank World Elite Mastercard Review

This is a cashback card issued by Commerce Bank. If you're wondering whether Commerce Bank World Elite Mastercard is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 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 World Elite Mastercard has a variable purchase APR of 15.24%
• 5% Balance transfer fee. Commerce Bank World Elite Mastercard 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 access to a concierge, emergency support, identity theft protection, 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 World Elite Mastercard

The Good

The Bad

Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. 0% APR on new purchases during the first 12 months. There is then a variable purchase APR of 15.24%. Multiple credit card perks. Access to a concierge. Identity Theft Protection. No foreign transaction fee. Cardholders can earn rewards on their purchases. Commerce Bank World Elite Mastercard reports to multiple credit bureaus.

Charges an annual fee of $95 Does not offer a signup bonus. Charges a 5% balance transfer fee.

Commerce Bank World Elite Mastercard FAQ

Does Commerce Bank World Elite Mastercard have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1.5% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.

Commerce Bank World Elite Mastercard Rewards

Minimum rewards rate	1.5x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the Commerce Bank World Elite Mastercard benefits?

It provides the following benefits:

• Emergency Support
• Zero fraud liability
• Cell Phone Protection
• Reports to major credit bureaus

What are the relevant APRs for Commerce Bank World Elite Mastercard?

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 World Elite Mastercard has a variable purchase APR of 15.24%. The card has a variable balance transfer APR of 15.24% . 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 World Elite Mastercard?

The following fees apply:

Commerce Bank World Elite Mastercard Fees

Fees	Amount
Annual Fee	$95
Foreign Transaction Fee	0%
Late Payment Fee	up to $40

Does Commerce Bank World Elite Mastercard report your account activity to credit bureaus?

Yes, Commerce Bank World Elite 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 for Commerce Bank World Elite Mastercard

• Visit the Commerce Bank World Elite Mastercard 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.