Credit Cards Secured Cards

Commerce Bank Secured Visa Review

overall rating

A secured card to help build credit

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If you need to rebuild your credit, or don't have enough of a credit history to qualify for a conventional credit card, a secured credit card can be a smart option. While the Commerce Bank Secured Visa doesn’t have a rewards program, it does have a potentially high credit limit. And it reports your payment activity to the major credit bureaus, which can help you establish a solid credit history.

Commerce Bank Secured Visa®

Overall Rating
Commerce Bank Secured Visa®
On Commerce Bank's Secured Site.
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Poor - Excellent
Regular APR (%) 22.99% variable
Annual Fee $49
Minimum Deposit to Activate $400
Pay deposit in installments No
Allows upgrade to unsecured card No
Rewards Earning Rate This card does not offer a rewards program.
how this card stacks up
When compared among all secured cards in our database:
Secured Features
Security/Customer Experience
Low Interest
worst best

The Commerce Bank Secured Visa® is not one of our top-rated secured credit cards. You can review our list of the best secured credit cards for what we think are better options.

Full Review of Commerce Bank Secured Visa

  • High potential credit limit

  • Reports to the three major credit bureaus

  • Pays interest on your security deposit

  • No rewards program

  • Potentially costly fees

  • High minimum security deposit

  • Online applications not accepted

Pros Explained

  • High potential credit limit: Like most other secured credit cards, the Commerce Bank Secured Visa requires you to put down a security deposit. The minimum deposit is $400, and the maximum is $5,000. That maximum is much higher than many other secured credit cards offer, giving you more spending power and flexibility. 
  • Reports to the three major credit bureaus: Commerce Bank reports your payment activity to Equifax, Experian, and TransUnion. If you make all of your payments on time, that will gradually improve your credit. After a period of time, you should be able to qualify for an unsecured credit card. Many credit cards report to the major credit bureaus, but not all do. If you’re focused on improving your credit, it’s a good idea to check to see if the card issuer does report payment activity, and to which bureaus, before applying.
  • Pays interest on your security deposit: The security deposit you make with the Commerce Bank Secured Visa is refundable and will earn interest, so you can think of it as a savings account rather than the bank simply holding your funds as collateral. When you close your account, you will get your security deposit back—plus the interest.

Cons Explained

  • No rewards program: Unfortunately, the Commerce Bank Secured Visa doesn’t have a rewards program, so you won’t earn cash back, points, or miles for your purchases. Considering that there are secured credit cards on the market that do offer rewards, that’s a significant drawback. If you want to earn rewards on your routine transactions, consider the Discover it Secured card, instead. You’ll earn 2% cash back at gas stations and restaurants on up to $1,000 in spending each quarter, and unlimited 1% cash back on all other purchases. And, new cardholders qualify for Discover’s cash-back match. At the end of the first year, Discover will match all of the cash back you earned. For example, if you earned $200 in rewards, Discover will match it, giving you $400 in cash back. 
  • Potentially costly fees: Before applying for the Commerce Bank Secured Visa, make sure you’re aware of the different fees you may incur, including the $49 annual fee.
  • High minimum security deposit: The Commerce Bank Secured Visa’s minimum security deposit is $400, which is relatively high. Many other secured cards have lower minimums, making them easier to open when cash is tight. For example, the OpenSky Secured Visa has a minimum security deposit of $200. The OpenSky Secured Visa also doesn’t require a credit check, so you can qualify for the card regardless of your credit history. 
  • Online applications not accepted: With most credit cards, you can submit an application online and receive a decision right away. However, that’s not possible with the Commerce Bank Secured Visa. To apply for the card, you must visit a Commerce Bank branch in person. Commerce Bank only serves non-commercial banking customers in Colorado, Illinois, Kansas, Missouri, and Oklahoma. If you want a card that is more widely available, consider the BankAmericard Secured card. It has no annual fee and requires a minimum refundable security deposit of $200. And you can apply for it online.

Who Is This Card Best For

If your credit score is in the “poor” to “fair” range, you may find it difficult to qualify for a non-secured credit card. According to Equifax, that would mean a score between 280 and 659.

A secured credit card like the Commerce Bank Secured Visa card can be a good way to raise your score. Although the card has an annual fee, it doesn’t charge monthly maintenance fees like some other cards do, so it’s cheaper than some other options for people with bad credit. 

Because the card issuer reports your payment activity to the major credit bureaus, using the card and making your payments on time can help improve your credit score. After you have boosted your credit score, you may qualify for an unsecured card that doesn't require a security deposit.

Standard Benefits

The Commerce Bank Secured Visa card has some basic benefits, including: 

  • Zero liability coverage
  • Credit reporting to the three major credit bureaus

Cardholder Experience

Commerce Bank is not ranked in J.D. Power’s 2022 U.S. Credit Card Satisfaction Study. 

Cardholders receive monthly access to their FICO credit score, so they can monitor their progress. Customer support is available 24 hours a day, seven days a week. You can call 800-645-2103 for help with your account.

Security Features

The Commerce Bank Secured Visa has a few standard security features, including zero liability coverage for unauthorized activity.

Fees To Watch Out For

This card charges an annual fee of $49, while some competing cards have no annual fee. It also charges foreign transaction fees, which you can avoid with some other cards. That may not matter, of course, unless you expect to travel outside of the U.S.

This card charges the following: 

  • Annual fee: $49
  • Foreign transaction fee: 1% of each transaction made in U.S. dollars, 2% of each transaction made in other currencies
  • Late payment fees: $5 if your minimum payment due is $25 or less, $15 if it’s more than $25
  • Returned payment fee: $25

For a less expensive option, the Secured Mastercard from Capital One can be a good alternative. It has no annual fee or foreign transaction fees, and you can get access to a higher credit limit after making your first six monthly payments on time. The card also offers ATM location services and the Capital One Eno virtual assistant.

Final Verdict

If you’re looking for a secured credit card to rebuild your credit, the Commerce Bank Secured Visa is a bare-bones option. It does have a high credit limit if you’re willing to put down a large security deposit, but it doesn’t offer any rewards and charges relatively costly fees. There are other secured cards—such as the Discover it Secured card—that are less expensive to use and offer more rewards and other benefits.

Next Steps
For Commerce Bank Secured Visa®
on Commerce Bank's Secured Site.
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Commerce Bank Secured Visa®
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Poor - Excellent
Regular APR (%) 22.99% variable
Annual Fee $49
Minimum Deposit to Activate $400
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.