Commerce Bank Secured Visa® Card
- Annual fee
- $49
- Recommended credit
- Poor / No Credit Required
- Card network
- Visa
- Regular purchase APR
- 23.49% variable based on the Prime Rate
At a glance
The Commerce Bank Secured Visa® Card is a basic secured credit card from Commerce Bank. The card helps holders improve their credit score with smart use and regular payments, hopefully leading to a future upgrade to an unsecured rewards credit card. Commerce Bank reports to the three major credit bureaus and offers complimentary access to the account holder’s FICO® score each month. The card requires a minimum deposit of $400 and features an annual fee of $49 and no hidden fees.
Our review of the Commerce Bank Secured Visa® Card
Looking for a secured credit card to help rebuild your credit? The Commerce Bank Secured Visa® Card is a great option to consider. This basic yet effective card is designed for those with damaged credit or no credit history. By using a security deposit as collateral, you can get a line of credit between $400 and $5,000.
Build Credit with Responsible Use
One of the main benefits of the Commerce Bank Secured Visa® Card is the opportunity to improve your credit score. With complimentary access to your FICO® credit score every month, you can track your progress as long as you maintain a sensible spending pattern and pay your balance in full each month. Plus, Commerce Bank reports to all three major credit bureaus, helping you boost your credit score over time.
Other Secured Cards to Consider
Not sure if the Commerce Bank Secured Visa is the right fit for you? Here are some other options to explore:
- First Progress Platinum Elite
- OpenSky® Secured Visa®
- Self Visa®
- Merrick Secured Card
Visa Purchase and Travel Protections
As a Visa card, the Commerce Bank Secured Visa® offers global purchasing power and near-universal acceptance. Cardholders also benefit from Visa’s zero liability coverage, fraud protection, and purchase benefits. Plus, using the card abroad incurs a modest foreign transaction fee, making it a convenient option for travelers.
Should You Apply for the Commerce Bank Secured Visa® Card?
While the Commerce Bank Secured Visa® Card comes with a $49 annual fee, it’s still a solid choice for rebuilding credit. If you already bank with Commerce, this card could be a good fit for you. However, if you prefer a secured card without an annual fee, you may want to explore other options like the Discover It Secured Card. Ultimately, the Commerce Bank Secured Visa® Card can help you get back on track financially. Explore other card offers to find the best fit for your needs.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Help establish, strengthen or rebuild credit
- Enjoy regular access to your FICO score
- Worldwide acceptance
- Earn interst in your security deposit
Who this card may suit
- You're looking to rebuild your credit
- You want monthly access to your FICO® score
- You want to earn interest on your security deposit
Rates, fees and terms
| Annual Fee | $49 |
|---|---|
| Regular Purchase APR | 23.49% variable based on the Prime Rate |
| Balance Transfer APR | 23.49% variable based on the Prime Rate |
| Cash Advance APR | 30.49% variable based on the Prime Rate |
| Foreign Transaction Fee | 1% of each transaction in U.S. dollars; 2% of each transaction made in currencies otherthan U.S. dollars |
| Late Payment Penalty Fee | Up to $15 |
| Return Payment Penalty Fee | $25 |
| Minimum Deposit Required | $40 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Poor Credit Limited or No Credit.
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Commerce Bank Secured Visa® Card
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