Commerce Bank Visa Business Platinum Card Review for 2023
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
Commerce Bank Visa Business Platinum Card is one of the few small business credit cards with a fixed rate and low regular APR of 10.90%. It doesn’t charge annual and foreign transaction fees and welcomes applicants with either fair or good credit.
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
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those with existing Commerce Bank accounts
Intro APR
N/A
Regular APR
10.90% variable
Annual Fee
$0
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
- Doesn’t charge annual and foreign transaction fees
- Lower-than-average purchase regular APR at 10.90% variable
Cons
- Doesn’t offer rewards for new and existing cardholders
- No introductory APR on purchases and balance transfers
- 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
- Special Connections®: Cardholders with existing Commerce Bank checking accounts can take advantage of this 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
- Employee credit cards: You can get employee credit cards with an individual limit set for each
Visa® liability waiver program, which ensures cardholders that they aren’t liable for unauthorized purchases or withdrawals from their accounts
Intro APR
N/A
Regular APR
10.90% variable
Annual Fee
$0
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
- Doesn’t charge annual and foreign transaction fees
- Lower-than-average purchase regular APR at 10.90% variable
Cons
- Doesn’t offer rewards for new and existing cardholders
- No introductory APR on purchases and balance transfers
- 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
- Special Connections®: Cardholders with existing Commerce Bank checking accounts can take advantage of this 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
- Employee credit cards: You can get employee credit cards with an individual limit set for each
Visa® liability waiver program, which ensures cardholders that they aren’t liable for unauthorized purchases or withdrawals from their accounts
When evaluating fixed rate business credit cards like the Commerce Bank Visa Business Platinum Card, we give the most weight to introductory and ongoing annual percentage rates (APRs). We then look into the card’s introductory and ongoing rewards and benefits.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Introductory APR | 0 | 35 |
Ongoing APR | 35 | 35 |
Features | 10 | 10 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Total Score | 45 | 100 |
Who the Commerce Bank Visa Business Platinum Card Is Best For
- Those who make large purchases: If you’re planning to make large purchases such as office equipment and supplies, then this is a good choice because of its 10.90% regular APR.
- Those with existing Commerce Bank accounts: If you have an active Commerce Bank savings or 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 Fees
APR
- Introductory: N/A
- Purchases: 10.90% 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: $0.50
- 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
- Cash advance: 3% of the cash advance amount, with a minimum of $15
Ensure to pay within 25 days from the date of the periodic statement (provided you have paid the previous balance in full by the due date).
Commerce Bank Visa Business Platinum Card Rewards
Commerce Bank Visa Business Platinum Card doesn’t offer any rewards for new and existing cardholders.
How To Make Payments to the Commerce Bank Visa Business Platinum Card
- 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.
- Branch: Go to the nearest Commerce Bank branch.
- Mobile app: Pay via the Commerce Bank iOS and Android apps, which you can also use to lock and unlock your card.
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.
- Lock your card: You can temporarily block new purchases and ATM withdrawals without interrupting existing recurring payments.
- Special Connections®: Cardholders with existing Commerce Bank checking accounts can take advantage of this 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.
- Employee credit 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. Click this link for more details about the program.
Commerce Bank Visa Business Platinum Card Alternatives
Commerce Bank Business Rewards Card
Commerce Bank Business Rewards Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those with fixed large purchases
Intro APR
N/A
Regular APR
14.90% variable rate
Annual Fee
$0
Credit Needed
Fair to Good
- 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
- Doesn’t offer 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
- Doesn’t 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
14.90% variable rate
Annual Fee
$0
Credit Needed
Fair to Good
- 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
- Doesn’t offer 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
- Doesn’t 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.
- Commerce Bank Business Rewards Card is a viable alternative for those wanting cash back rewards from the same bank
- Features a fixed regular APR at 14.90% variable, depending on the prime rate
- Lets you 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
- Offers unlimited 1% cash back rewards, which you can redeem for airline travel, gift cards, merchandise, and more
Chase Ink Business Unlimited®
- Chase Ink Business Unlimited® is a great choice if you’re on a tight budget and want a fixed-rate rewards card
- Has an interest-free financing option of 0% on purchases for the first 12 billing cycles
- Comes with no annual fees
- Offers unlimited 1.5% cash back on all business-related purchases
- Is our best small business credit card and leading credit card for new businesses with no credit history
American Express Blue Business CashTM
American Express Blue Business Cash™ Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those who want better cash back rewards
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
Intro APR
0% on purchases
Regular APR
18.24% - 26.24% Variable
Annual Fee
No annual fee
Credit Needed
Good, Excellent
- Earn a $250 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
- Earn 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement.
- From workflow to inventory to floor plans, your business is constantly changing. That’s why you’ve got the power to spend beyond your credit limit with Expanded Buying Power.
- Just remember, the amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
- 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.24% - 26.24%, based on your creditworthiness and other factors as determined at the time of account opening.
- No Annual Fee
- Terms Apply
Pros
- 0% intro APR
- Welcome bonus
- Fixed rate rewards
- No annual fee
Cons
- Cash advance isn’t allowed
- Charges foreign transaction fees
- 2% cash back is capped at $50,000 in annual spending
- Expanded buying power: Enjoy flexible buying power when your business needs it. Expanded buying power gives you the freedom to spend beyond your credit limit and help get business done. While the amount you can spend above your credit limit isn't unlimited, it adjusts with your use of the card, your payment history, credit record, financial resources known to us, and other factors.
- Car rental loss and damage insurance: As a Card Member, You can be covered for damage to or theft of a rental vehicle in a covered territory when you use your eligible card to reserve and pay for the entire rental and decline the collision damage waiver at the rental company counter.
- American Express Blue Business CashTM is best for those wanting cash back rewards and an introductory APR period
- Features a 0% introductory APR on purchases for the first 12 months
- Lacks annual fees
- Offers 2% cash back on all eligible purchases up to $50,000 per calendar year, then 1% cash back earned is credited to your statement automatically
- Is our best cash back business credit card
For additional options, check out our list of the best small business credit cards.
Bottom Line
Commerce Bank Visa Business Platinum Card is ideal for those with large purchases and have an active Commerce Bank savings or checking account. It offers a fixed rate of 10.90% on purchases and doesn’t charge annual fees. However, it lacks both an introductory APR and rewards for new and existing cardholders.
