Plains Commerce Bank Credit Card is a solid option for those looking for a reliable credit card. It offers a 0% introductory APR for 6 months on purchases and balance transfers.
You can earn rewards with this credit card, but the details are a bit vague. I'd like to know more about the rewards program to make an informed decision.
The credit card has a variable APR of 14.99% - 23.99% (V) after the introductory period ends. This is a relatively standard range for a credit card.
Plains Commerce Bank Credit Card has no annual fee, which is a nice perk for those who want to avoid extra charges.
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Plains Commerce Bank Credit Card Overview
Founded over 90 years ago, Plains Commerce Bank has always focused on the value of customer relationships and serving the local market.
Plains Commerce Bank has launched an innovative credit card program with Corserv, a company that empowers banks and fintechs with payment programs.
This program enables Plains Commerce Bank to offer credit card products with a variety of APRs and rewards to consumer, business, and commercial customers.
The bank wanted to make the credit decisions for their relationship customers and keep the credit card loans and associated interchange and interest with Plains Commerce Bank in the local community.
Corserv's Account Issuer Program minimizes disruption, cost, and resources for bank clients, providing full-featured card solutions for community banks to serve their customers.
Plains Commerce Bank is using Corserv's program to provide innovative features to credit card customers, such as real-time alerts and controls with two-way text alerts.
The bank is also offering a Plains Commerce branded mobile app, digital cards in Apple Pay, Google Pay, and Samsung Pay, and expense reporting.
Corserv's Account Issuer Program provides innovative features to enable Plains Commerce Bank to compete with the largest banks while providing local service and getting access to their customer data.
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Eligibility Restrictions Apply
To get the PCB Secured Visa, you must have a Collateral Deposit Account with PCB Bank.
You don't need any other relationship with the bank, but you must have a U.S. address to apply for the card, and it's not available in Wisconsin due to state regulations.
Applicants must have income of $5,000 a year or higher to get approved for the card.
Benefits and Features
Plains Commerce Bank's credit card offers a variety of APRs and rewards to consumer, business, and commercial customers.
The bank's relationship with its customers is taken into account for credit decisions, allowing them to make personalized credit decisions.
With Corserv's Account Issuer Program, Plains Commerce Bank can offer market-leading credit card products without the internal costs and infrastructure.
This program enables the bank to keep the credit card loans and associated interchange and interest within the local community.
Corserv's program provides a turnkey card issuing solution to minimize disruption, cost, and resources for bank clients.
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It includes innovative features like support for virtual cards for business ePayables, automated credit decisioning, and sales and servicing portals.
Plains Commerce Bank is using Corserv's program to provide features like real-time alerts and controls with two-way text alerts and a Plains Commerce branded mobile app.
These features allow customers to access their credit card information and manage their accounts on-the-go.
Digital cards in Apple Pay, Google Pay, and Samsung Pay are also available, making it easy for customers to make purchases with their credit card.
Expense reporting is another feature that's available, making it easier for business customers to track their expenses.
Fees and Charges
The Plains Commerce Bank credit card has a relatively straightforward fee structure. It charges an annual fee of $39, which will be deducted from your deposit and impact your available credit limit.
The cash advance fee is a bit more complex, but it's worth noting that it's $0 during the first year, then it's $5 or 5% of the transaction, whichever is greater. This is a more generous policy than what you'll find with other cards, although it's still a good idea to avoid cash advances if you can.
The international transaction fee is also waived the first year, then it's up to 1% of the transaction amount. This could be a lifesaver for anyone with bad credit or no credit who plans to travel or live overseas.
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Other Fees Are Minimal
Other fees are minimal, especially considering the card's generous rewards and introductory APR period. The cash advance fee is $0 during the first year, then it's $5 or 5% of the transaction, whichever is greater.
This fee structure is more lenient than many other cards, making it a good option for those who need to take cash advances occasionally. It's still a good idea to avoid cash advances if possible, since interest will start accruing immediately.
The international transaction fee is also waived the first year, which can be a significant savings for those who travel or live abroad. This fee can add up quickly, especially for frequent travelers, so it's great that it's waived for the first year.
This perk is particularly useful for individuals with bad credit or no credit who plan to study or work abroad, as it can help them save money on fees.
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Annual Fee
The annual fee is a significant consideration when choosing a credit card. It can be a flat fee deducted from your deposit, like $39, which will impact your available credit limit.
This fee will be taken from your initial deposit, so if you start with $200, your credit limit will be $161, unless you increase it by adding to your deposit.
Paying an annual fee can be worth it in some cases, but it's essential to weigh the benefits against the cost.
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United States
If you're a US resident, you'll be happy to know that Plains Commerce Bank offers a range of credit cards that can help you manage your finances more efficiently.
The bank's credit cards are designed to provide flexible payment options, with no foreign transaction fees and no annual fees for the first year.
Plains Commerce Bank's credit cards also offer rewards programs that allow you to earn points or cash back on your purchases.
In addition, the bank's credit cards have a competitive interest rate, with a 12.99% - 23.99% APR range, depending on your creditworthiness.
With a Plains Commerce Bank credit card, you can enjoy purchase protection and extended warranty benefits, giving you peace of mind when making purchases.
The bank's credit cards also offer a credit limit increase option, allowing you to increase your spending power as needed.
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Payment Network
The Payment Network of Plains Commerce Bank Credit Card is a secure and reliable system. It's powered by the Visa network, which is one of the most widely accepted payment networks globally.
You can use your Plains Commerce Bank Credit Card anywhere Visa is accepted, both online and offline. This includes millions of merchants worldwide, from small local businesses to large international retailers.
The Visa network ensures that your transactions are processed quickly and efficiently. This means you can enjoy the convenience of using your credit card for everyday purchases, without worrying about delays or complications.
Plains Commerce Bank Credit Card has a range of payment options available, including contactless payments and mobile payments. This allows you to make payments easily and securely, without needing to carry cash or cards.
The Payment Network also offers robust security features to protect your transactions and personal information. This includes encryption, firewalls, and other advanced security measures to prevent unauthorized access or fraud.
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Frequently Asked Questions
Does Commercial Bank have credit cards?
Yes, Commercial Bank offers a full line of credit cards with various options, including the Platinum Edition with competitive rates and no annual fee.
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