Commerce Bank Visa Business Platinum Card is one of the few small business credit cards with a low fixed regular annual percentage rate (APR). It doesn’t charge annual and foreign transaction fees and welcomes applicants with either fair or good credit. Note that it does not offer rewards for new and existing cardholders.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Commerce Bank Visa Business Platinum Card
BEST FOR:
Those with existing Commerce Bank accounts
Intro APR
N/A
Regular APR
17.65% variable
Annual Fee
$99
Credit Needed
Good to Excellent
- Our Business Platinum Card is designed to give you the ability to adapt to your ever-changing needs as a business owner.
- No 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
Intro APR
N/A
Regular APR
17.65% variable
Annual Fee
$99
Credit Needed
Good to Excellent
- Our Business Platinum Card is designed to give you the ability to adapt to your ever-changing needs as a business owner.
- No 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
- Those 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.
If this doesn’t fit your business needs, then head over to our recommended alternatives below.
Commerce Bank Visa Business Platinum Card Rewards
Commerce Bank Visa Business Platinum Card doesn’t offer any rewards for new and existing cardholders.
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 due to potentially fraudulent activity.
- Employee cards: You can get employee credit cards with an individual limit set for each. There’s no limit to the number of cards you can request.
- Visa® liability waiver program: This ensures cardholders that they aren’t liable for unauthorized purchases or withdrawals from their accounts.
- 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.
When to Consider Commerce Bank Visa Business Platinum Card Alternatives
You Want an Alternative Commerce Bank Business Credit Card
Commerce Bank Visa Business Platinum Card does not offer rewards for new and existing cardholders. If you prefer a business credit card from the same bank but want to earn rewards, our suggestion is the Commerce Bank Business Rewards Card. It lets you earn 1% cash back on all purchases and bonus points through its Quarterly Bonus Points program.
Commerce Bank Business Rewards Card
BEST FOR:
Those with existing Commerce Bank accounts who want to earn fixed-rate cash back rewards
Intro APR
N/A
Regular APR
17.65% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- 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
- Doesn’t charge annual and foreign transaction fees
- Lower-than-average regular APR at 14.90% variable
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.
Intro APR
N/A
Regular APR
17.65% variable
Annual Fee
$0
Credit Needed
Good to Excellent
- 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
- Doesn’t charge annual and foreign transaction fees
- Lower-than-average regular APR at 14.90% variable
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.
You Prefer Having a Fixed-rate Cash Back Rewards
Commerce Bank Visa Business Platinum Card does not offer rewards for its new and existing cardholders. If you want a fixed-rate cash back rewards card from an issuer that is present in over 40 states, our recommendation is the Chase Ink Business Unlimited® as it lets you earn unlimited 1.5% cash back on all business-related purchases. It is our best small business credit card and our best credit card for new businesses with no credit history.
Ink Business Unlimited® Credit Card
BEST FOR:
Those who want fixed-rate 1.5% cash back on all purchases
Intro APR
0% Intro APR on Purchases
Regular APR
18.49% - 24.49% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
Intro APR
0% Intro APR on Purchases
Regular APR
18.49% - 24.49% Variable
Annual Fee
$0
Credit Needed
Good - Excellent
- Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
- Member FDIC
Pros
- With interest-free financing option on purchases
- Fixed unlimited cash back on all purchases
Cons
- Does not have interest-free financing option on balance transfers
- Charges high foreign transaction fees
- Auto rental collision damage waiver: You can decline the company’s collision insurance and charge the entire rental cost to this card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
- Purchase protection: You can ensure that your new purchases are covered for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Zero liability protection: Chase will not hold you responsible for unauthorized transactions made with both your card and your account information.
- Cellphone protection: Receive up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees included in your monthly cellphone bills when using your card to pay for it. This applies for a maximum of three claims within a 12-month period and will charge a $100 deductible per claim.
You Need To Make Significant Purchases or Balance Transfers
Commerce Bank Visa Business Platinum Card does not offer 0% introductory APR on both purchases and balance transfers. If you intend to make significant purchases and/or balance transfers and have no need for rewards, consider the U.S. Bank Business Platinum Card, as it has a long APR period (0% on purchases and balance transfers for the first 18 billing cycles). It is also our most-recommended 0% APR business credit card and top business credit card for balance transfers.
U.S. Bank Business Platinum Card
BEST FOR:
Extended 0% APR period on purchases and balance transfers
Intro APR
Regular APR
17.24% - 26.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Intro APR
Regular APR
17.24% - 26.24% (Variable)
Annual Fee
$0
Credit Needed
Excellent/Good Credit
- 0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 17.24%-26.24%.
- Expense management tool VISA Spend Clarity is free to access and sync expenses, set employee card controls, generate reports, and more.
- Great Offer from U.S. Bank, a 2022 World's Most Ethical Company® - Ethisphere Institute, February 2022
- Terms and conditions apply
Pros
- With a long 0% introductory APR period on purchases and balance transfers
- Does not charge annual fees
- Offers ExtendPay® Plan
Cons
- No introductory and ongoing rewards
- Balance transfer fee is charged even during the introductory period
- Needs Excellent/Good credit score to qualify
- SinglePoint® Essentials: SinglePoint® Essentials is U.S. Bank’s one-stop tool for viewing account balances and transaction details, transferring funds between existing U.S. Bank accounts, downloading statements, and making payments.
- Fraud protection: U.S. Bank offers fraud protection to ensure the safety and security of all cardholders. To learn more about U.S. Bank’s fraud protection services, you can set up a virtual appointment, call U.S. Bank, or go to the nearest U.S. Bank branch.
- ExtendPay® plan: This allows you to pay off balances over time by dividing eligible credit card purchases into affordable monthly payments with no interest—you only need to pay a fixed monthly fee.
Visa Spend Clarity: Another tool that cardholders can use to track spending and manage finances is Visa Spend Clarity.
Frequently Asked Questions (FAQs)
Commerce Bank is located in eleven states, namely:
- Colorado
- Illinois
- Indiana
- Iowa
- Kansas
- Michigan
- Missouri
- Ohio
- Oklahoma
- Tennessee
- Texas
It should be noted that they only provide business credit card services to 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
Commerce Bank Visa Business Platinum Card is ideal for those who have an active Commerce Bank checking account. It offers a low regular APR on purchases and doesn’t charge annual fees. Note that it lacks both an introductory APR and rewards for new and existing cardholders.
