Commerce Bank Secured Visa® Credit Card
Commerce Bank Secured Visa Credit Card is a secured card that helps people with poor credit to build, strengthen and rebuild their credit score.
Card Summary
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 will need to make a deposit.
The amount of your deposit is equal to the credit limit. It also earns interest in savings accounts.
Access to FICO Credit Scores, free credit reporting to all three bureaus, and no liability for fraud are available to cardholders.
Card Summary - Cons
Rates and fees
Highlights
This card is a credit card and it can be used anywhere Visa is accepted.
To help you build credit, we report to each of the three credit bureaus.
You will have regular access to your FICO Score.
Lock your card.
Get text alerts.
Protect yourself against any liability.
Digital Wallet Technology.
Commerce Bank Secured Visa Credit Card Advantages: cardholders will enjoy the following benefits:
Access to your FICO credit scores monthly for free.
All three credit bureaus can report on your credit history.
No liability for fraud.
Comparative Analysis with Other Cards
Commerce Bank Secured Visa Credit Card vs. Capital One Platinum Protected Credit Card
Annual Fee: Commerce Bank Secured Visa Credit Card Card Card holders will pay $49 for an annual fee. Annual fee for Capital One Platinum Secured Credit Card: $0.
Rewards: There is no rewards program with this card.
Sign up bonus: No card provides a sign up bonus.
Benefits: Commerce Bank Secured Visa Credit Card cardholders get free monthly FICO credit score access, credit reporting to all three bureaus, and zero fraud liability.
Cardholders of Capital One Platinum Secured credit card receive benefits such as emergency card services and fraud protection.
Commerce Bank Secured Visa Credit Card vs. The Discover it Secured credit card
Reward Programs: The Commerce Bank Secured Visa Credit Card Card does not offer any rewards. Discover it Secured credit card earns you 2% cashback at gas stations and restaurants on purchases up to $1,000 each quarter, and 1% cashback on any other purchases.
No sign-up bonuses: The cards do not offer a sign up bonus. The Discover it Secured credit card automatically matches any cash you earn in the first year for all new cardholders.
Benefits: The Commerce Bank Secured Credit Card card offers you free access to your FICO credit score, credit reporting at all three bureaus, and zero liability for any fraudulent activity.
Cardholders of the Discover It Secured Credit Card have many benefits, including free monthly FICO credit scores and overnight replacement cards. You can also freeze your account in case your card is stolen or lost.
Conclusion
Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.
