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  Commerce Bank World Elite Mastercard

Commerce Bank World Elite Mastercard

in Personal Credit Cards from Commerce Bank

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Commerce Bank World Elite Mastercard

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in Personal Credit Cards from Commerce Bank

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Highlights
Purchase APR  (Variable APR) 12.24%
Balance Transfer APR  (Variable APR) 12.24%
Credit Score Range 650 - 850
Annual Fee $95

Commerce Bank World Elite Mastercard Review

Commerce Bank World Elite Mastercard is a cashback credit card issued by Commerce Bank. If you're wondering whether Commerce Bank World Elite Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.

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 12.24%
  • 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 oods if your credit score is above650.
Commerce Bank World Elite Mastercard Pros & Cons
The Good The Bad
  • 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.
  • Multiple credit card perks.
  • Access to a concierge.
  • Identity Theft Protection.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere Commerce Bank World Elite Mastercard is accepted.
  • 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

Is there a Commerce Bank World Elite Mastercard cash back or rewards program?

Commerce Bank World Elite Mastercard is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Commerce Bank World Elite Mastercard you receive 1.5% cash back on every 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

Does Commerce Bank World Elite Mastercard have a signup bonus?

Commerce Bank World Elite Mastercard doesn't offer a cash signup bonus.

Does Commerce Bank World Elite Mastercard offer an annual loyalty bonus?

Commerce Bank World Elite Mastercard doesn't offer a cash loyalty bonus.

What are the Commerce Bank World Elite Mastercard benefits?

Commerce Bank World Elite Mastercard provides the following benefits:

  • Emergency Support
  • Zero fraud liability
  • Cellular Telephone 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 interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Commerce Bank World Elite Mastercard has lower than average purchase APRs.

Commerce Bank World Elite Mastercard has a variable purchase APR of 12.24%. The card has a variable balance transfer APR of 12.24% . It also has a variable cash advance APR of 25.24% . Note that late payments are subject to an APR of 27.24% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does Commerce Bank World Elite Mastercard have an introductory APR offer on balance transfers?

Yes, Commerce Bank World Elite Mastercard offers an introductory APR rate on balance transfers of 0% for a period of up to 12 months.

Commerce Bank World Elite Mastercard Balance Transfers
Description
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period 12 months
Balance Transfer APR 12.24%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 5%

Does Commerce Bank World Elite Mastercard have an introductory APR offer on new purchases?

Commerce Bank World Elite Mastercard Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period 12 months

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 12 months.

What are the fees for Commerce Bank World Elite Mastercard?

The following fees apply to Commerce Bank World Elite Mastercard:

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 have a foreign transaction fee?

Commerce Bank World Elite Mastercard does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

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.

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

Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 12 months
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 5%
Minimum Cash Advance Fee ($) Starting at $10
Annual Fee $95
Minimum Interest Charge $2.50
Late Fee Amount Up to $40
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 650 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Cellular Telephone Protection
  • Concierge
  • Emergency Support
  • Fraud Liability
  • Identity Theft Protection
Rewards Rates
  • Every Purchase
Cash Advance APR (Variable APR) 25.24%
Balance Computation Daily Balance” (including new Purchases and Fees)
Penalty APR (Variable APR) 27.24%
Purchase APR (Variable APR) 12.24%
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 12.24%
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 5%
Card Type
  • Rewards
  • Balance Transfer
  • Cashback
Card Network Mastercard

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