Online Banking Maintenance
Online banking will be down on Saturday from 1-2am
Business Credit Card
With competitive rates and worldwide acceptance, our Visa® Business Credit Cards offer:
- Local service from your Merchants Bank branch
- Flexible payment options (as little as 3% of your balance each month to match the cash flow needs of your business)
- Multiple credit cards for your staff, including customized cardholder names, making record-keeping and tracking easy
- Purchasing card program with online access to EZ Business Card Management
- ScoreMore bonus points with the Visa Business ScoreCard
- Contactless payments
- The power to protect and track credit card transactions with the Merchants Bank Credit Card App.
Summary of Visa® Business Credit Card Account Terms
| Annual Percentage Rate (APR) for retail purchases and balance transfers | Prime + 4%, variable rate1,3 |
| Cash Advance Rate | Prime + 7%, variable rate1,3 |
| Penalty Rate | 21.75%2 |
| Method of Computing Balance for Purchases | Average daily balance, including new purchases |
| Grace Period for Purchases | 25 days |
| Minimum Finance Charge | None |
| Annual Membership Fee |
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| Cash Advance Fee | $3 |
| Other Fees |
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Purchasing Card Program
For larger businesses who would like more hands-on access to managing your credit card program, Merchants Bank offers purchasing cards (sometimes known as commercial credit cards). With our purchasing card program, your business administrator will have the ability to manage many aspects through an online site (EZ Business Card Management), including:
- Ordering and closing employee cards.
- Setting custom spending limits.
- Easily pay some or all of your cards in one spot.
- Enrolling in Expense Management for sophisticated reporting on all credit card activity.
- And more!
Interested in purchasing cards? Contact our Credit Card department to learn more.
Credit cards subject to credit approval.
Recommended Resources
Credit Card Processing
We make processing and accepting credit card, debit card and gift card payments easy and efficient for your business.
Treasury Management
Dedicated to your success, we provide your business with tools to manage your corporate cash efficiently and protect your financial accounts from fraud.