FLW Visa® Rewards from Commerce Bank Review

Welcome to our comprehensive review of the FLW Visa® Rewards Card from Commerce Bank. This credit card offers a unique blend of features tailored to the modern consumer, particularly those who frequently dine out, grab coffee, or use ridesharing services. With competitive cashback rates and a variety of benefits, the FLW Visa® Rewards Card aims to provide excellent value without the burden of an annual fee.
Let’s dive into the specifics to see what makes this credit card stand out, the potential drawbacks, and whether it could be the right fit for you.

FLW Visa® Rewards from Commerce Bank Review

The FLW Visa® Rewards Card is a solid choice for individuals who spend a considerable amount on fast food, coffee shops, and ridesharing services. The card offers 3% cashback on these categories, which is relatively high compared to many other cashback cards in the market. Additionally, it provides 2% cashback on dining and gas, and 1% on all other purchases.
One of the card’s standout features is its introductory APR offer. New cardholders enjoy a 1.99% introductory APR on purchases and balance transfers for the first six monthly billing cycles. This can be particularly helpful if you plan to make large purchases or transfer a balance from another card. However, it’s essential to note that after the introductory period, the APR ranges from 20.49% to 30.49% variable, depending on your creditworthiness.

FLW Visa® Rewards from Commerce Bank Key Takeaways

– Cashback Structure: 3% cashback on fast food, coffee shop, and ridesharing purchases; 2% cashback on dining and gas; 1% cashback on all other purchases.
– Introductory APR: 1.99% on purchases and balance transfers for the first six billing cycles.
– Standard APR: 20.49% – 30.49% variable.
– Annual Fee: $0.
– Bonus Offer: Earn a $50 FLW Gear Card when you make $500 in net merchandise purchases within the first 90 days after account opening.
– Credit Score Requirement: Good to Excellent (670-799).

FLW Visa® Rewards from Commerce Bank Pros and Cons

Pros

1. No Annual Fee: You can enjoy all the benefits and rewards without paying an annual fee.
2. High Cashback Rates in Key Categories: Earn 3% cashback on fast food, coffee shops, and ridesharing services, and 2% on dining and gas.
3. Introductory APR Offer: The 1.99% introductory APR on purchases and balance transfers for six billing cycles is beneficial for managing larger expenses or existing debt.
4. Bonus Offer: New cardholders can earn a $50 FLW Gear Card after spending $500 within the first 90 days.
5. Flexible Redemption Options: Cashback rewards can be redeemed in various ways, including statement credits, gift cards, and merchandise.

Cons

1. High Standard APR: The variable APR of 20.49% to 30.49% is relatively high, especially for those with lower credit scores.
2. Foreign Transaction Fees: This card is not ideal for international travel as it charges foreign transaction fees.
3. Limited High Cashback Categories: While the 3% and 2% cashback categories are attractive, they may not cover all your spending habits.

FLW Visa® Rewards from Commerce Bank Benefits

Cashback Rewards

The FLW Visa® Rewards Card offers a competitive cashback structure designed to reward everyday spending:
– 3% Cashback: Earn 3% cashback on fast food, coffee shops, and ridesharing purchases. This is particularly advantageous for those who frequently dine out or use services like Uber and Lyft.
– 2% Cashback: Earn 2% cashback on dining and gas. Whether you’re filling up your tank or enjoying a meal at a restaurant, you’ll earn double the cashback compared to standard purchases.
– 1% Cashback: Earn 1% cashback on all other purchases, ensuring you still get rewarded no matter where you shop.

Introductory APR Offer

The 1.99% introductory APR on purchases and balance transfers for the first six billing cycles is a significant benefit. This can help you manage larger expenses or pay down existing credit card debt more affordably. However, it’s crucial to pay off your balance before the introductory period ends to avoid the high variable APR that follows.

No Annual Fee

One of the card’s most attractive features is the $0 annual fee. This allows you to maximize your cashback earnings without worrying about offsetting an annual cost.

Bonus Offer

New cardholders can earn a $50 FLW Gear Card by making $500 in net merchandise purchases within the first 90 days after account opening. This is a straightforward bonus that provides additional value right from the start.

Flexible Redemption Options

The cashback rewards earned with the FLW Visa® Rewards Card can be redeemed in various ways, including:
– Statement Credits: Apply your cashback directly to your credit card balance.
– Gift Cards: Redeem your cashback for gift cards to a wide range of retailers.
– Merchandise: Use your rewards to purchase items from a catalog of products.

Account Management and Customer Service

Commerce Bank provides robust account management tools and excellent customer service. You can manage your account and pay your bill online through the bank’s website, making it easy to stay on top of your finances. Additionally, their customer service team is available to assist with any questions or issues that may arise.

Conclusion

The FLW Visa® Rewards Card from Commerce Bank is a compelling option for individuals with good to excellent credit who frequently spend on fast food, coffee shops, and ridesharing services. The card’s high cashback rates in these categories, coupled with the 2% cashback on dining and gas, make it a valuable tool for maximizing rewards on everyday purchases.
The introductory APR offer provides an excellent opportunity for new cardholders to manage large expenses or pay down existing debt more affordably. However, it’s essential to be mindful of the high standard APR that follows the introductory period and to use the card responsibly to avoid accruing interest.
While the card does charge foreign transaction fees, making it less ideal for international travel, the absence of an annual fee and the straightforward bonus offer add to its appeal. The flexible redemption options also ensure that you can use your rewards in a way that best suits your needs.
Overall, the FLW Visa® Rewards Card is a solid choice for those looking to earn significant cashback on specific spending categories without the burden of an annual fee. As always, it’s crucial to evaluate your spending habits and financial goals to determine if this card aligns with your needs. If it does, the FLW Visa® Rewards Card could be a valuable addition to your wallet.
Feel free to share your thoughts or experiences with the FLW Visa® Rewards Card in the comments below. We’d love to hear how this card has worked for you and any tips you may have for maximizing its benefits.