Commerce Miles® Credit Card
- Best for: Commerce Bank customers who travel and will deposit their cash back into a myRewards Savings account
- What Sets It Apart: 25% bonus on cash back deposited into Commerce myRewards Savings; 2.5 miles per $1 on travel with no annual fee
- Cost: $0 annual fee; no foreign transaction fee; 0% intro rate on purchases for 12 billing cycles, then 18.99% to 28.99% variable; balance transfer fee of 5% or $10, whichever is greater
- Features: 2.5 miles per $1 on travel, including rideshares and taxis; 1 mile per $1 on everything else; cash back from 2,500 miles; cell phone protection worth up to $200 a claim
- Pros: 25% cash back bonus for myRewards Savings customers; no foreign transaction fee; a soft credit check before you apply; miles last four years
- Cons: 1 mile per $1 outside travel; no sign-up bonus; tap-to-pay purchases may not earn bonus miles; no travel credits or travel insurance
Open the Commerce Miles® Credit Card if you already bank with Commerce and will deposit your cash back into a Commerce myRewards Savings account, where it earns a 25% bonus. Without that bonus, a national no-fee travel card will usually earn you more than this one.
Commerce Miles is a no-annual-fee travel card from Commerce Bank, a regional bank with branches across the Midwest. You don’t need a Commerce account to apply, and the online application accepts residents of every state.
Key Features
- $0 annual fee and no foreign transaction fee
- 2.5 miles per $1 (2.5% back) on travel, including airfare, hotels, car rentals, cruises, rideshares, and taxis
- 1 mile per $1 (1% back) on everything else, with no cap
- Cash back once you have 2,500 miles, as a credit on your card bill or a deposit to any checking or savings account
- 0% interest on purchases for the first 12 billing cycles, then a variable rate of 18.99% to 28.99%
Pros
- A 25% bonus on cash back deposited into Commerce myRewards Savings, for about 3.1% back on travel and 1.25% on everything else by our math
- A soft credit check, which doesn’t affect your score, shows whether you qualify and your likely rate and credit limit before you apply
- Cell phone protection, worth up to $200 a claim after a $50 deductible, when you pay your phone bill with the card
- Miles stay good for four years from the quarter they post
Cons
- Only 1 mile per $1 on everyday spending outside travel
- No sign-up bonus
- Tap-to-pay and phone-wallet purchases may not earn the extra travel miles
- The 25% cash back bonus requires a myRewards Savings account, which, after its first 60 days, charges $5 a month unless you keep $300 in it daily or make a $25 electronic deposit each month
- No travel credits or travel insurance, such as rental car or trip delay coverage
If you bank with Commerce and will deposit your cash back into myRewards Savings, it’s a solid no-fee card for your travel spending. Everyone else will usually earn more with Wells Fargo’s no-fee Autograph card, which returns about 3% on travel, dining, gas, and transit, against this card’s 2.5% on travel and 1% elsewhere.
Learn more about the Commerce Miles® Credit Card or see how it compares to the best travel rewards credit cards.
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