Tag: business credit card

  • Commerce Bank Business Platinum Visa

    Commerce Bank Business Platinum Visa

    Commerce Bank Business Platinum Visa – Comprehensive Overview

    The Commerce Bank Business Platinum Visa is a dedicated business credit card designed to meet the needs of entrepreneurs and small businesses. It is issued by Blue Chip Financial, a reputable company known for its commitment to providing valuable financial solutions. This credit card is ideal for business owners looking to maximize their business expenses while also reaping substantial rewards.

    Card Type

    The Commerce Bank Business Platinum Visa is classified as a business credit card. This type of card is tailored for business expenses, providing essential features and benefits that cater specifically to small business owners and their financial needs.

    Annual Fee

    One of the attractive aspects of the Commerce Bank Business Platinum Visa is that it comes with no annual fee, allowing business owners to reap the benefits without the burden of additional costs. This feature makes it an appealing choice for businesses looking to control their expenses.

    Rewards Program

    The rewards program associated with the Commerce Bank Business Platinum Visa is robust and rewarding. Cardholders earn 1.5% cashback on all purchases, which can be particularly advantageous for businesses that make frequent or substantial expenditures. Additionally, the card offers 2% cashback on select categories such as advertising expenses, office supplies, and telecommunications, providing enhanced benefits for business-related spending.

    Rewards can be redeemed easily as cashback, which can be applied to the card balance or received as a credit to the bank account. This flexible redemption option empowers users to customize their rewards experience according to their financial preferences.

    Sign-Up Bonus

    New cardholders can take advantage of a substantial sign-up bonus. By spending $3,000 within the first three months of account opening, users can earn an additional $500 cashback. This bonus not only incentivizes smart spending but also rewards businesses that need to make significant investments early on.

    APR (Annual Percentage Rate)

    The regular APR for purchases on the Commerce Bank Business Platinum Visa is set at a competitive rate of 14.99% to 22.99%, depending on the creditworthiness of the applicant. Furthermore, the card currently features an introductory 0% APR for the first twelve months on purchases, an attractive offer for those looking to finance larger purchases without accruing immediate interest.

    Foreign Transaction Fees

    Traveling business owners will appreciate that the Commerce Bank Business Platinum Visa has no foreign transaction fees. This means that cardholders can make purchases internationally without the extra cost typically associated with currency conversion, making it a valuable asset for businesses with global interests.

    Balance Transfer Options

    For those looking to consolidate debt, the card offers an introductory 0% APR on balance transfers for the first six months. A one-time balance transfer fee of 3% applies, enabling users to effectively manage debt while saving on interest during the promotional period.

    Additional Fees

    While the Commerce Bank Business Platinum Visa is overall a cost-effective option, it is important to be aware of other fees. Late payment fees can reach up to $39, and cash advance fees may also apply, typically at either a flat rate of $10 or 5% of the amount withdrawn, whichever is greater.

    Card Benefits and Perks

    This card comes loaded with numerous benefits and perks. Cardholders receive access to exclusive travel insurance, which covers unforeseen events during business trips. Additionally, the card offers concierge services that assist with travel arrangements, dining reservations, and more, providing convenience for busy business professionals.

    Customer Protections and Insurance

    The Commerce Bank Business Platinum Visa ensures cardholders are protected through various customer protections. These include $0 liability for unauthorized purchases, built-in fraud monitoring, purchase protection covering theft or damage for new items, and rental car insurance which offers coverage for rental vehicles used in business travel.

    Eligibility and Credit Score Requirements

    Applicants for this card should ideally have a credit score ranging from 680 to 740. While factors like income and credit history also influence approval, maintaining a solid credit score increases ones chances of receiving favorable terms.

    Introductory Offers

    In addition to the introductory 0% APR for both purchases and balance transfers, new applicants can benefit from these offers for the first year, providing an excellent opportunity to manage expenses without the immediate pressure of interest accrual.

    Special Features or Unique Selling Points

    The Commerce Bank Business Platinum Visa distinguishes itself through its no annual fee policy and the straightforward cashback rewards structure. It also features budgeting tools accessible within the online account management portal, allowing business owners to track spending and manage their finances effectively.

    How to Apply

    Applying for the Commerce Bank Business Platinum Visa is straightforward. Prospective cardholders can complete the application process ‘>official website to apply today!

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