Merchants Bank Visa Platinum ScoreCard-Cash Back
in Personal Credit Cards from Merchants Bank
UnaffiliatedMerchants Bank Visa Platinum ScoreCard-Cash Back
in Personal Credit Cards from Merchants Bank
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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 | 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. This review will provide you with with all the details you need to make a good choice.
- 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.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 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 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.
| The Good | The Bad |
|---|---|
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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. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash.
What are the Merchants Bank Visa Platinum ScoreCard-Cash Back 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 Platinum ScoreCard-Cash Back?
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 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 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 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 up to 6 months.
What are the fees for Merchants Bank Visa Platinum ScoreCard-Cash Back?
The following fees apply:
| Fees | Amount |
|---|---|
| Annual Fee | N/A |
| Foreign Transaction Fee | 1% |
| Returned Payment Fee | up to $0 |
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 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 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.
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 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 Platinum ScoreCard-Cash Back
- Visit the Merchants Bank Visa Platinum ScoreCard-Cash Back 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 - Visit Site
- Email Support
Other Services by Merchants Bank
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| Introductory Rate | 0% |
| Purchase Intro APR Period (Fixed APR) | 6 months |
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