Important Information Concerning the Application:
As used in this Application, the terms “we,” “us,” and “our” refer to Commerce Bank and its assigns; “Company” refers to the company identified in the Application; “you” and “your” refer to both the Company
and the Authorizing Officer who submits the Application. By submitting the Application, you request that we establish a Business Card account (“Account”) and issue a Visa Credit Card (“Card”) to you. The
Account, and your use of the Card, will be governed by the credit agreement (the “Credit Agreement”) you will receive upon Account approval. The Credit Agreement states that it will be governed by the laws of
the State of Missouri, but Commerce will rely on the provisions of Nebraska law with respect to the fees and charges (other than interest) that apply to your Account, as authorized by Missouri Revised Statutes
Section 408.145 and applicable federal law.
You represent and warrant that this Application and the Credit Agreement are and will be legal, valid and binding obligations of each of you and that you are and have been duly authorized to, execute and deliver
the Application. You further represent and warrant that all information provided in the Application and at any other time in connection with the Application or the Account is true and correct and acknowledge
that we will rely on this information in connection with the establishment and maintenance of the Account. Each of the Company and the Authorizing Officer consents to our investigation of its credit history, and
authorizes us to obtain a credit bureau report in connection with our review of this Application, and to obtain updated credit bureau reports on Company and personal credit reports on the Authorizing Officer from
time to time. If approved for a Company liability Account, investigation of credit is applicable only to Company. From time to time Commerce may request, and Company shall provide in a timely manner, financial
records related to the financial condition of the Company. You also authorize us to release information to, and respond to inquiries from others (including, without limitation, credit bureaus, our parent company,
our affiliates,merchants and other financial institutions) regarding the existence, status, use and history of the Account. Company specifically authorizes us to rely and act on the instructions of the Authorizing
Officer and any Program Administrator designated by the Company and Company confirms that action taken by the Authorizing Officer or any Program Administrator will be binding on the Company.
NOTICE TO AUTHORIZING OFFICER: Unless Company is approved for a Company liability Account, the Authorizing Officers submission of the Application means that the Authorizing Officer and the Company are
jointly and severally liable for repayment of the Account and that the Authorizing Officer is personally guaranteeing the Company’s performance under the Credit Agreement. By submitting the Application, you
consent to our investigation of your personal credit history and authorize us to exchange information about you as stated above. If the Authorizing Officer is a resident of New York, one or more consumer reports
may be requested in connection with the Application. Upon your request we will inform you whether or not one or more consumer reports were requested, and if such report was requested, we will inform you of the
name and address of each consumer reporting agency that furnished a report. If the Authorizing Officer is a resident of Ohio, Ohio laws against discrimination require that all creditors make credit equally available
to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
You understand and agree that because our products are business products, all information relating to you and/or the Account, (including, without limitation, account and application information, purchase and
payment activity, and balance and status information) may be shared with Company, and with any designated Program Administrator(s) for the Company. You should have no expectation that this information
will remain private from the Company.
PROGRAM ADMINISTRATOR: The person indicated as the Program Administrator is hereby designated by the Company as its duly authorized representative and as our primary point of contact with respect to
the Card(s) and Account. The Company agrees that all actions of the Program Administrator may be relied upon by us as the dulyy authorized actions of the Company. The Company may change its designated
Program Administrator or authorize one or more additional Program Administrators at any time, upon written notice from the Authorizing Officer to us at Commerce Bankcard Center, PO Box 411036, Kansas
City, MO, 64141-1036.
*If at any time we have not received the required minimum monthly payment by the respective due dates for two consecutive months, we may immediately increase the applicable APR, including any
introductory rate or promotional rate, to a fixed rate of 21.99%. The account may be eligible for the lower APR after you have met the terms of your account agreement for five consecutive billing cycles
after the monthly statement on which the higher APR first appears. Promotional rates will not be reinstated.
**The Prime Rate used to determine the APR on your account is the rate published in The Wall Street Journal in its column called “Money Rates” on the last business day of each month; provided, however,
that the Prime Rate will be subject to a minimum rate of 5.00%. There is no ceiling on the applicable APR. We may change the terms of your account agreement, including the monthly periodic rate on
outstanding balances at any time. To the extent allowed by law, the new terms will affect outstanding balances.
The information about card costs described herein is accurate as of July 2011. This information may change after this date. To receive the most current information, call us at 1-800-892-7104. Commerce
Bank may share your account experience and transaction information with its affiliates. Unless you call 1-800-543-4845, you agree that Commerce Bank and its affiliates may also share other information
about your account
Annual Percentage Rate (APR) for Purchases:
Annual Percentage Rate (APR) for Purchases:
10.90% variable rate**
14.90% variable rate**
Variable Rate Information:
Variable Rate Information:
The APR is determined monthly by adding 5.90% to the Prime Rate.
The Prime Rate will be subject to a minimum rate of 5.00% (see explanation below)**
The APR is determined monthly by adding 9.90% to the Prime Rate.
The Prime Rate will be subject to a minimum rate of 5.00% (see explanation below)**
Grace Period for Repayment of Purchase Balances:
Grace Period for Repayment of Purchase Balances:
At least 25 days from the date of the periodic statement (provided you have paid
the previous balance in full by the due date).
At least 20 days from the date of the periodic statement (provided you have paid
the previous balance in full by the due date).
Method of Computing the Balance for Purchases:
Method of Computing the Balance for Purchases:
Average Daily Balance (including new purchases, cash advances, fees and finance charges).
Average Daily Balance (including new purchases, cash advances, fees and finance charges).
Annual Fee:
Annual Fee:
NONE
NONE
Minimum Finance Charge:
Minimum Finance Charge:
$0.50
$0.50
Other Fees:
Other Fees:
Late Payment Fee: $29
•
Cash-advance Fee: 3.00% of the cash advance amount with a minimum of $15.
•
Over-the-Credit-Limit Fee: $29.00
Late Payment Fee: $29
•
Cash-advance Fee: 3.00% of the cash advance amount with a minimum of $15.
•
Over-the-Credit-Limit Fee: $29.00
Other APRs:
Other APRs:
Cash-advance APR: 19.90% variable rate
Late Payment Rate: 21.99% See explanation below.*
Cash-advance APR: 19.90% variable rate
Late Payment Rate: 21.99% See explanation below.*
Business Platinum
Business Rewards
