Commerce Bank Secured Credit Card Review and Application

The Commerce Bank Secured Credit Card is a great option for those looking to rebuild their credit or establish a credit history. It has no annual fee.

You can apply for the Commerce Bank Secured Credit Card online or by phone, and the application process is relatively quick and easy. The bank will review your creditworthiness before approving your application.

The credit limit for the Commerce Bank Secured Credit Card is determined by your initial deposit, which must be between $200 and $4,900. This deposit also becomes your credit limit.

The Commerce Bank Secured Visa Card is a basic yet effective secured credit card.

It's designed for those with a damaged credit score or no credit history.

Your credit limit is the same amount as your security deposit.

This means you can choose a deposit between $400 and $5,000.

Your refundable deposit is held in a secured savings account.

This allows you to earn interest on your deposit while you use the card.

Your card limit is the same amount as your security deposit, so $400 or $5,000.

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Building credit with the Commerce Bank Secured Visa Card is a straightforward process. You'll need to make a deposit that's equal to your credit limit.

The good news is that your deposit earns interest in a secured savings account. This means you can earn some money back while you're working on improving your credit score.

To track your progress, you'll get free access to your FICO credit score every month. This will help you see how responsible your spending habits are and whether you're on the right track.

Since Commerce Bank reports to all three major credit bureaus, being financially responsible with this card can really help boost your credit score. This can even lead to you getting an unsecured card in the future.

Your deposit is refundable, so you can get it back if you decide to close your account.

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To apply for the Commerce Bank Secured Visa credit card, you'll need to make a minimum security deposit of $400, which is refundable. This deposit can be as high as $5,000.

The card has a $49 annual fee, which is a significant drawback for those trying to build credit. Unfortunately, this fee is not waived for new cardholders.

You can apply for the Commerce Bank Secured card in person only at a Commerce Bank branch, along with the Special Connections Premium card.

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Commerce Bank has received a range of ratings from different review platforms.

BestCards gives Commerce Bank a rating of 4.5 out of 5, indicating a high level of satisfaction from their credit card customers.

The Better Business Bureau has given Commerce Bank a rating of 1.5 out of 5, suggesting some level of dissatisfaction among customers.

TrustPilot has rated Commerce Bank 3 out of 5, indicating a neutral level of satisfaction from their customers.

Here's a summary of Commerce Bank's ratings from these three review platforms:

The Commerce Bank Secured Visa Card is a decent option for those who already bank with Commerce and need to rebuild their credit.

It's worth noting that the card has a $49 annual fee, which may be a drawback for some.

This fee is higher than some other secured cards, like the Discover It Secured Card, which doesn't charge an annual fee.

The Commerce Bank Secured Visa Card is designed for those with damaged credit or no credit history, and it uses a security deposit as collateral for a line of credit.

The deposited amount equals the line of credit available, ranging from $400 to $5,000.

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The Commerce Bank Secured Visa Credit Card is a secured card that helps people with poor credit or no credit to build, strengthen and rebuild their credit.

To open an account, you'll need to make a deposit, which is equal to the credit limit. This deposit also earns interest in savings accounts.

Cardholders get access to FICO Credit Scores and free credit reporting to all three bureaus.

The Commerce Bank Secured Visa Card is designed for those with a damaged credit score or no credit history to speak of. It's a basic yet effective secured credit card from Commerce Bank.

The amount deposited equals the line of credit available to the applicant, ranging from $400 to $5,000.