The Commerce Bank Visa Business Platinum Card comes with a relatively low ongoing APR compared with other business credit cards. It charges $0 annual and foreign transaction fees but does not offer introductory and ongoing rewards. A good to excellent credit score is required to qualify for the card.
Key Takeaways
- The Commerce Bank Visa Business Platinum Card doesn’t offer a 0% APR period.
- It is best for those who have existing bank accounts with Commerce Bank.
- Commerce Bank’s retail lending areas are limited to Colorado, Illinois, Kansas, Missouri, and Oklahoma.
Commerce Bank Visa Business Platinum Card
BEST FOR:
Those with existing Commerce Bank accounts
- Our Business Platinum Card is designed to give you the ability to adapt to your ever-changing needs as a business owner.
- $0 annual fee
- Low APR and an extended grace period
- Set individual credit limits for employees
Pros
- Does not charge annual and foreign transaction fees
- Lower-than-average purchase regular APR
Cons
- Has no 0% introductory APR on purchases and balance transfers
- Does not offer rewards for new and existing cardholders
- Only serves customers in selected states, namely: Missouri, Kansas, Illinois, Oklahoma, and Colorado
- Suspicious card activity alert: Cardholders can sign up for suspicious card activity alerts
- Lock your card: You can block new purchases and ATM withdrawals temporarily without interrupting existing recurring payments
- Employee credit cards: You can get employee credit cards with an individual limit set for each, ensuring cardholders that they aren’t liable for unauthorized purchases or withdrawals from their accounts
- Our Business Platinum Card is designed to give you the ability to adapt to your ever-changing needs as a business owner.
- $0 annual fee
- Low APR and an extended grace period
- Set individual credit limits for employees
Pros
- Does not charge annual and foreign transaction fees
- Lower-than-average purchase regular APR
Cons
- Has no 0% introductory APR on purchases and balance transfers
- Does not offer rewards for new and existing cardholders
- Only serves customers in selected states, namely: Missouri, Kansas, Illinois, Oklahoma, and Colorado
- Suspicious card activity alert: Cardholders can sign up for suspicious card activity alerts
- Lock your card: You can block new purchases and ATM withdrawals temporarily without interrupting existing recurring payments
- Employee credit cards: You can get employee credit cards with an individual limit set for each, ensuring cardholders that they aren’t liable for unauthorized purchases or withdrawals from their accounts
When evaluating low-interest business credit cards like the Commerce Bank Visa Business Platinum Card, we consider the introductory and ongoing APRs first. Then, we evaluate annual fees, features, and rewards.
Grading Criteria | Card Score | Highest Possible Score |
---|---|---|
Introductory APR | 0 | 30 |
Ongoing APR | 25 | 30 |
Annual Fee | 10 | 10 |
Features | 7 | 10 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Total Score | 42 | 100 |
Who the Commerce Bank Visa Business Platinum Card Is Best For
- Business owners with existing Commerce Bank accounts: If you have an active Commerce Bank checking account, you might want to consider getting this card so that you can bank with just one provider.
Commerce Bank Visa Business Platinum Card Rewards
Commerce Bank Visa Business Platinum Card doesn’t offer any rewards.
Commerce Bank Visa Business Platinum Card Features
- Suspicious card activity alert: Cardholders can sign up for suspicious card activity alerts. You’ll receive a text message if a transaction is flagged because of potentially fraudulent activity.
- Employee cards: You can get unlimited employee credit cards with an individual limit set for each.
- Visa® liability waiver program: This ensures cardholders that they aren’t liable for unauthorized purchases or withdrawals.
- Lock your card: You can temporarily block new purchases and ATM withdrawals without interrupting recurring payments.
Commerce Bank Visa Business Platinum Card Fees
APR
- Introductory: N/A
- Ongoing: 17.65% variable, depending on the prime rate
- Cash advance: 19.90% variable, depending on the prime rate
- Late payment: 21.99% variable, depending on the prime rate
- Variable rate information: APR is determined monthly by adding 9.90% to the prime rate, which is subject to a minimum rate of 5.00%.
Fees
- Annual: $0
- Minimum finance charge: 50 cents
- Cash advance: 3% of the cash advance amount, with a minimum of $15
- Minimum monthly payment: Either 5% of the current balance listed on your billing statement or $15, whichever is greater
- Foreign transaction: $0
- Late payment and over-the-credit limit: $29
Your due date is at least 25 days from the date of the periodic statement (provided you have paid the previous balance in full by the due date).
- Online: Commerce Bank offers a Make a Payment Wizard that allows you to make a one-time payment from either your checking or savings account. Click the “Make a Payment” button on your Account Activity page or the “Make a Payment to your Credit Card” link on the Customer Service page.
- In-person: Go to the nearest Commerce Bank branch to make your credit card payment.
- Mobile app: Pay via the Commerce Bank app, which you can also use to lock and unlock your card.
Commerce Bank Visa Business Platinum Card Alternatives
Commerce Bank Business Rewards Card
Commerce Bank Business Rewards Card
BEST FOR:
Those with existing Commerce Bank accounts who want to earn fixed-rate cash back rewards
- Earn 2X and 3X points in selected merchant categories after activating Quarterly Bonus Points, with no limit on the number of points you can earn
- 1% cash back rewards that you can redeem for airline travel, gift cards, merchandise, and more, with no limit on the number of points you can earn
Pros
- Enjoy $0 annual fees
- Lower-than-average regular annual percentage rate (APR)
Cons
- Has no rewards for new cardholders
- No interest-free financing option on both purchases and balance transfers
- Only serves customers in selected states, namely: Missouri, Kansas, Illinois, Oklahoma, and Colorado
- Does not offer any unique features that set it apart from the rest
- Employee credit cards: Commerce Bank Business Rewards Card offers employee credit cards with an individual limit set for each employee.
- Special Connections®: Cardholders with existing checking accounts with Commerce Bank can use the Special Connections® feature, allowing them to use their Commerce Bank Business Rewards Card for both credit and debit purchases and conveniently access their other Commerce Bank accounts at the ATM.
- Lock your card: You can temporarily block new purchases and ATM withdrawals without interrupting recurring payments.
- Visa® Liability Waiver Program: This program offers peace of mind to its cardholders and guarantees you not be liable for unauthorized purchases or withdrawals from your account.
- Earn 2X and 3X points in selected merchant categories after activating Quarterly Bonus Points, with no limit on the number of points you can earn
- 1% cash back rewards that you can redeem for airline travel, gift cards, merchandise, and more, with no limit on the number of points you can earn
Pros
- Enjoy $0 annual fees
- Lower-than-average regular annual percentage rate (APR)
Cons
- Has no rewards for new cardholders
- No interest-free financing option on both purchases and balance transfers
- Only serves customers in selected states, namely: Missouri, Kansas, Illinois, Oklahoma, and Colorado
- Does not offer any unique features that set it apart from the rest
- Employee credit cards: Commerce Bank Business Rewards Card offers employee credit cards with an individual limit set for each employee.
- Special Connections®: Cardholders with existing checking accounts with Commerce Bank can use the Special Connections® feature, allowing them to use their Commerce Bank Business Rewards Card for both credit and debit purchases and conveniently access their other Commerce Bank accounts at the ATM.
- Lock your card: You can temporarily block new purchases and ATM withdrawals without interrupting recurring payments.
- Visa® Liability Waiver Program: This program offers peace of mind to its cardholders and guarantees you not be liable for unauthorized purchases or withdrawals from your account.
If you want a Commerce Bank business credit card that offers rewards, the Commerce Bank Business Rewards Card is your best bet. It lets you earn 1% cash back on all purchases and bonus points through its Quarterly Bonus Points program. You can redeem your cash back for airline travel, gift cards, and more. Keep in mind that it serves customers in selected states, namely, Missouri, Kansas, Illinois, Oklahoma, and Colorado.
US Bank Business Triple Cash Rewards World Elite Mastercard
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
BEST FOR:
Those wanting to earn up to 5% cash back with long 0% APR period
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% APR applies to both purchases
- Unlimited cash back rewards
- $0 annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
- Introducing the U.S. Bank Business Triple Cash Rewards World Elite Mastercard® the card that gives back on all your eligible business needs.
- Earn $750 in cash back. Just spend $6000 on the Account Owner's card in the first 180 days of opening your account.
- Earn 3% cash back on eligible purchases at gas stations and EV charging stations, office supply stores, cell phone service providers and restaurants.
- 1% cash back on all other eligible net purchases.
- Earn 5% cash back on prepaid hotels and car rentals booked directly in the Rewards Center.
- No limit on total cash back earned.
- Rewards never expire.
- Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or quickbooks.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022.
- Terms and conditions apply.
Pros
- 0% APR applies to both purchases
- Unlimited cash back rewards
- $0 annual fee
Cons
- Balance transfer fee is charged even during the introductory period
- Intro APR doesn’t apply to cash advances
- MasterRental car rental collision damage waiver: When you rent a car using your U.S. Bank credit card, you’re covered in case of accident or theft on all rentals made worldwide. Coverage is primary, which means you won’t need to use your personal auto insurance or accept the insurance offered by the rental agency. Coverage is capped at $50,000.
- Purchase assurance: U.S. Bank may repair or reimburse for items purchased with your U.S. Bank business credit card that are damaged or stolen within 90 days of purchase. Coverage is limited to $1,000 per loss, up to $25,000 per year, per account. Lost items and items left out of reach that others can see are not covered.
- Extended warranty protection: U.S. Bank will double the manufacturer’s warranty up to an additional one year from the expiration of warranties of five years or less. An item with a six-month warranty would be backed for an additional six months, for example. The issuer will replace the item or reimburse you up to the amount charged on your U.S. Bank card up to $10,000.
US Bank Business Triple Cash Rewards World Elite Mastercard lets you earn 1% to 5% cash back on your purchases, depending on the categories. It is also known for its 12-month-long 0% APR period on purchase, making it a great option if you need to make a substantial purchase.
Bank of America® Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Travel Rewards World Mastercard® credit card
BEST FOR:
Earning top rewards on travel purchases booked through Bank of America Travel Center
9 billing cycles
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
9 billing cycles
- Earn 30,000 online bonus points after you make at least $3,000 in purchases in the first 90 days of your account opening which can be redeemed for a $300 statement credit towards travel or dining purchases.
- Earn unlimited 1.5 points for every $1 spent, or join Preferred Rewards for Business for no fee, and earn up to an unlimited 2.62 points for every $1 spent on all purchases if you have a Bank of America® business checking account and qualify for Preferred Rewards for Business Platinum Honors tier.
- No limit to the amount of points you can earn and points don't expire as long as your account remains open.
- No annual fee and no international transaction fees.
- Choose how to redeem points for a statement credit to offset travel and dining purchases, travel with no blackout dates at the Bank of America® Travel Center, for cash back or gift cards.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.49% to 28.49% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Charges $0 annual and foreign transaction fees
- Offers fixed-rate cash back rewards
- Has no blackout dates
Cons
- Does not offer a 0% introductory period on balance transfers
- Requires excellent credit to qualify
- Bank of America doesn’t disclose details of its additional card features. To find out more about these additional features, review your guide to benefits when you receive your card in the mail.
Bank of America Business Advantage Travel Rewards World Mastercard® offers up to 3x points rewards, which you can redeem for travel or statement credits. If you have an existing Bank of America account, you can earn up to 75% more points if you qualify for the Preferred Rewards for Business program. Plus, it has $0 annual and foreign transaction fees and comes with 0% APR on purchases for the first nine billing cycles.
Frequently Asked Questions (FAQs)
Commerce Bank is located in the following states:
- Colorado
- Illinois
- Indiana
- Iowa
- Kansas
- Michigan
- Missouri
- Ohio
- Oklahoma
- Tennessee
- Texas
It should be noted that it provides business credit card services only in the following states: Colorado, Illinois, Kansas, Missouri, and Oklahoma.
To qualify for the card, your business must be within Commerce Bank’s retail lending area, namely, Colorado, Illinois, Kansas, Missouri, and Oklahoma. You can go to your nearest Commerce Bank branch to inquire about the requirements needed to secure a business credit card.
Bottom Line
The Commerce Bank Visa Business Platinum Card is ideal for those who have an active Commerce Bank checking account. It comes with a relatively low regular APR and $0 annual and foreign transaction fees. However, it lacks both an introductory APR and rewards. Also, note that Commerce Bank branches are only available in a few states.