Last Updated: 07/28/2025
Merchants Bank Visa Platinum ScoreCard-Cash Back
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in Credit Cards from Merchants Bank
Last Updated: 07/28/2025
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Highlights
Purchase APR (Fixed APR)
Starting at 9.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Balance Transfer APR (Fixed APR)
Starting at 9.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
600 - 850
Annual Fee
Starting at $30
Merchants Bank Visa Platinum ScoreCard-Cash Back Review
This is a cashback credit card issued by Merchants Bank. If you're wondering whether Merchants Bank Visa Platinum ScoreCard-Cash Back is the right card for you, read on.
Key Takeaways
- 0% Intro APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for 6 months, which is shorter than the average 0% APR period of 12 months.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for 6 months.
- $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 up to 1% every time you make a transaction outside the U.S.
- Poor credit accepted. This card will consider people who have poor credit.
Pros & Cons of Merchants Bank Visa Platinum ScoreCard-Cash Back
| The Good | The Bad |
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Merchants Bank Visa Platinum ScoreCard-Cash Back FAQ
Does Merchants Bank Visa Platinum ScoreCard-Cash Back have a cash back or rewards program?
No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.
| Description |
- Zero fraud liability
- Travel Accident Insurance
- Reports to major credit bureaus
What are the relevant APRs for Merchants Bank Visa Platinum ScoreCard-Cash Back?
According to the Federal Reserve Board, the average regular APR for accounts that carry a balance (as of November 2024) is 22.80%. This card has lower than average regular APRs.Merchants Bank Visa Platinum ScoreCard-Cash Back 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 Platinum ScoreCard-Cash Back have an intro APR offer on balance transfers?
Yes, it offers an intro APR rate on balance transfers of 0% for a period of 6 months.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer APR | Starting at 9.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Introductory APR | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Intro APR Period | 6 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Fee % | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Fee Minimum | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Balance Transfer Fee % After Intro Period | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Does Merchants Bank Visa Platinum ScoreCard-Cash Back have an intro APR offer on new purchases?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Introductory Rate | 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purchase Intro APR Period | 6 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card does offer an intro APR rate of 0% on qualified purchases for a period of 6 months.
What are the fees for Merchants Bank Visa Platinum ScoreCard-Cash Back?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | Up to $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | Starting at $30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | Starting at $7.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Cash Advance Fee ($) | Starting at $3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card charges an annual fee as low as $30.
There is a late fee starting at $7.80. Does Merchants Bank Visa Platinum ScoreCard-Cash Back have a foreign transaction fee?
Merchants Bank Visa Platinum ScoreCard-Cash Back charges a foreign transaction fee of up to 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 Platinum ScoreCard-Cash Back?
The customer service number for Merchants Bank Visa Platinum ScoreCard-Cash Back is (507) 457-1100.
What is the support contact email for Merchants Bank Visa Platinum ScoreCard-Cash Back?
The support contact email for Merchants Bank Visa Platinum ScoreCard-Cash Back is ibsupport@merchantsbank.com.
What is the login page for Merchants Bank Visa Platinum ScoreCard-Cash Back?
You can access the login page of Merchants Bank Visa Platinum ScoreCard-Cash Back here.
How do people rate the customer service and user experience of Merchants Bank Visa Platinum ScoreCard-Cash Back?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Merchants Bank Visa Platinum ScoreCard-Cash Back report your account activity to credit bureaus?
Yes, Merchants Bank Visa Platinum ScoreCard-Cash Back reports to the following credit bureaus:
- 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 build your credit.
Does Merchants Bank perform a hard credit pull?
Yes, Merchants Bank Visa Platinum ScoreCard-Cash Back performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for Merchants Bank Visa Platinum ScoreCard-Cash Back
- Visit the website of Merchants Bank Visa Platinum ScoreCard-Cash Back.
- 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.
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Hours of Operation
Sunday
Closed
Monday
7:00AM - 2:00AM
Tuesday
Closed
Wednesday
7:00AM - 2:00AM
Thursday
7:00AM - 2:00AM
Friday
7:00AM - 3:00AM
Saturday
Closed