Anybody heard of Commerce Bank?

[andre181]

https://www.commercebank.com/default.asp 

This bank is headquartered in Kansas City and has branches throughout the midwest.

I keep getting pretty good preapproval letters from them. 24 months @ 0% and 11.99% after that. $1k minimum CL and $15k max CL.

Does anybody know anything about them? I keep searching for info about them here and just get info about TD Bank.

[Krenee11]

Here in Philly we used to have Commerce, until they were taken over by TD Bank.

[Anonymous]

Does commerce bank still exist? I mean here on east coast, it has been taken over by TD back.

[Anonymous]

They are a pretty well known and good bank in Missouri. They've survived being gobbled up by the bigger banks for a long time and have grown through the years. 

[LTomBerry]

All I know is that I drive past 2 branches - one that was just built - on my way to work here in the Wichita area.

[in0wh3r3ul1v3]

i work at TD bank and all i know is that we get a lot of people without accounts trying to cash checks drawn on that bank. but there is no affiliation, as TD only has branches along the east coast.

[Anonymous]

I was a Commerce Bank customer for many years when I lived in KC. 

I moved to California 5 years ago, and still have an active Commerce Bank CC, though It doesn't get much use.

I just "exercised" my Bank of America CC for my vacation. (PIF)  So I was planning to use the Commerce Bank card for my next CC purchase, but no idea when that will be.

I use my local bank-issued (Wells Fargo) CC for every-day stuff like cell phone, utilities, cable, and use my debit card for virtually everything else. 

Commerce Bank rates are actually quite good, I try not to carry a balance, but when I do, I'll use the Commerce Bank card; That is, until I get one of those offers in the mail to pay-off my other cards for some rediculously low rate for 9 to 12 months with my BofA or WellsFargo account. As long as the banks want to play that game, I'll play along, but never to put-off paying, only to manage interest costs when I must.

Good luck.

[Anonymous]

Commerce is a well known bank where I live in Johnson County, KS.  Part of Greater KC.  They have branches all over the place.  Most people seem to think they're a good bank...for a bank.

I get mail from them every month or so about 0% BT offers, but they vary a bit each time.  Sometimes it will be 15 months, sometimes there's no fee, sometimes the card has no rewards.  I just started getting mail from them early this year, not sure why...but I don't think they've sent the exact same offer to me twice.

I've been adding more CU's thank banks this year, so I didn't really consider them.  When I open up another round of CC's, I will check out what they are offering up at the time.  I believe those offers are targeted though, none of them were ever listed on their website when I checked.

[andre181]

I just thought I would update.

After receiving about 3 of these offers every week (each one being different), I finally decided to app. 

The offer was 0% for 12 mos. on purchases and BT's, with no BT fee during the first 60 days. APR after the intro period is 14.24%

On the application, I listed 1 BT that I wanted for $8500, hoping that will increase my chances of approval for a large CL.

Once I submitted the app, it said they will contact me in 2-3 weeks, so I'm guessing that they manually review each app.

I will update when I hear back!