Merchants Bank VISA Classic ScoreCard
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| Purchase APR (Fixed APR) | Starting at 9.99% |
| Balance Transfer APR (Fixed APR) | Starting at 9.99% |
| Credit Score Range | 600 - 850 |
| Annual Fee | $0 |
Merchants Bank VISA Classic ScoreCard Review
This is a rewards card issued by Merchants Bank. If you're wondering whether Merchants Bank VISA Classic ScoreCard 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 6 months , which is shorter than the average 0% APR period of 12 months.
- 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.
- $0 Balance transfer fee. This card does not charge a fee on balance transfers. After the introductory period, the fee is 0%.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 1% every time you make a transaction outside the U.S.
- Fair or better credit required. You will have good approval odds if your credit score is above 600.
Pros & Cons of Merchants Bank VISA Classic ScoreCard
| The Good | The Bad |
|---|---|
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Merchants Bank VISA Classic ScoreCard FAQ
Does Merchants Bank VISA Classic ScoreCard have a cash back or rewards program?
Merchants Bank VISA Classic ScoreCard is a rewards card.
| Minimum rewards rate | 1x |
| Max rewards rate | N/A |
| Annual rewards limit | N/A |
| Signup Bonus ($) | N/A |
Does Merchants Bank VISA Classic ScoreCard have a signup bonus?
This card doesn't offer a cash signup bonus.Does Merchants Bank VISA Classic ScoreCard offer an annual loyalty bonus?
This card doesn't offer a cash loyalty bonus.What are the Merchants Bank VISA Classic ScoreCard benefits?
It provides the following benefits:
- Zero fraud liability
- Travel Accident Insurance
- Reports to major credit bureaus
What are the relevant APRs for Merchants Bank VISA Classic ScoreCard?
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.Merchants Bank VISA Classic ScoreCard has a fixed purchase APR starting at 9.99% . The card has a fixed balance transfer APR starting at 9.99% . It also has a fixed cash advance APR starting at 14.99% .
Does Merchants Bank VISA Classic ScoreCard have an intro APR offer on balance transfers?
Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 6 months.
| Description | |
|---|---|
| Balance Transfer Fee % After Intro Period | Starting at 0% |
| Balance Transfer Introductory APR | 0% |
| Balance Transfer Intro APR Period | 6 months |
| Balance Transfer APR | Starting at 9.99% |
| Balance Transfer Fee Minimum | $0 |
| Balance Transfer Fee % | 0% |
Does Merchants Bank VISA Classic ScoreCard 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 Merchants Bank VISA Classic ScoreCard?
The following fees apply:
- There is no overlimit fee
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Overlimit Fee | $0 |
| Foreign Transaction Fee | 1% |
| Returned Payment Fee | up to $0 |
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.
Does Merchants Bank VISA Classic ScoreCard have a foreign transaction fee?
Merchants Bank VISA Classic ScoreCard charges a foreign transaction fee of 1%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $20. 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 Merchants Bank VISA Classic ScoreCard?
The Merchants Bank VISA Classic ScoreCard customer service number is (507) 457-1100.
What is the support contact email for Merchants Bank VISA Classic ScoreCard?
The support contact email for Merchants Bank VISA Classic ScoreCard is ibsupport@merchantsbank.com.
What is the Merchants Bank VISA Classic ScoreCard login page?
You can access the Merchants Bank VISA Classic ScoreCard login page here.
How do people rate the customer service and user experience of Merchants Bank VISA Classic ScoreCard?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Merchants Bank VISA Classic ScoreCard report your account activity to credit bureaus?
Yes, Merchants Bank VISA Classic ScoreCard 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 Merchants Bank VISA Classic ScoreCard
- Visit the Merchants Bank VISA Classic ScoreCard 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.
Contact
- Headquarters
-
102 East Third Street Winona, MN 55987
Winona, MN 55987 USA - (507) 457-1100
- Visit Site
- Email Support
Other Services by Merchants Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- 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
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Cash Advance Fee Minimum | $3 |
| Minimum Cash Advance Fee ($) | Starting at $3 |
| Foreign Currency Transaction Fee | 1% |
| No Annual Fee | |
| Annual Fee | $0 |
| Over-Limit Fee | $0 |
| No Interest Grace Period for Late Payment | 25 days |
| Returned Payment Fee | Up to $0 |
| Late Fee Amount | Starting at $7.80 |
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