NASW Visa® Rewards Credit Card Review

When it comes to selecting a credit card that aligns with your spending habits and offers tangible rewards, the NASW Visa® Rewards Credit Card from Commerce Bank is a noteworthy contender. In this comprehensive review, we’ll delve into the specifics of this card, exploring its key features, benefits, pros and cons, and whether it might be the right fit for you.

NASW Visa® Rewards Credit Card Key Takeaways

Before diving into the details, let’s highlight the key takeaways of the NASW Visa® Rewards Credit Card:
– Cash Back Rewards: Earn 3% cash back on streaming, cable, and ridesharing services, 2% cash back on gas and dining at restaurants, and 1% cash back on all other eligible purchases.
– Introductory APR: Take advantage of a 1.99% introductory APR on purchases and balance transfers for the first six billing cycles.
– Variable APR: After the introductory period, enjoy a variable APR ranging from 20.49% to 30.49%.
– No Annual Fee: This card boasts a $0 annual fee, making it a cost-effective option for those who want to maximize rewards without incurring extra costs.
– Credit Score Requirements: Aimed at those with good to excellent credit, typically within the 670-799 range.

NASW Visa® Rewards Credit Card Pros and Cons

Pros

1. No Annual Fee: One of the standout features of this card is the absence of an annual fee, making it accessible for users who want to avoid additional yearly expenses.
2. Introductory APR: The 1.99% introductory APR on purchases and balance transfers for six billing cycles is a compelling offer for those looking to make significant purchases or consolidate debt.
3. Generous Cash Back Rates: Earning 3% cash back on streaming, cable, and ridesharing services, as well as 2% on gas and restaurants, can lead to substantial savings, especially for those who frequently use these services.
4. Easy Online Account Management: Commerce Bank provides a user-friendly online platform to help cardholders manage their accounts and pay bills effortlessly.

Cons

1. No Welcome Bonus: Unlike some competitors, the NASW Visa® Rewards Credit Card does not offer a sign-up bonus, which may deter users looking for an initial reward boost.
2. High Variable APR: The post-introductory variable APR of 20.49% to 30.49% is relatively high, which could be a concern for those who carry a balance.
3. Foreign Transaction Fees: This card imposes foreign transaction fees, making it less ideal for international travelers.

NASW Visa® Rewards Credit Card Benefits

Cash Back Rewards

The NASW Visa® Rewards Credit Card provides a robust cash-back program tailored to modern spending habits:
– 3% Cash Back on Streaming, Cable, and Ridesharing Services: This is particularly beneficial for those who regularly use services like Netflix, Hulu, Uber, and Lyft.
– 2% Cash Back on Gas and Restaurants: Frequent diners and commuters will appreciate the additional savings on these everyday expenses.
– 1% Cash Back on All Other Eligible Purchases: While not as high as the specialized categories, this rate is standard and ensures you earn rewards on every purchase.

Introductory APR

New cardholders can benefit from a 1.99% introductory APR on purchases and balance transfers for the first six billing cycles. This can be a valuable feature if you plan to make large purchases or transfer balances from higher-interest cards. However, it’s crucial to pay off the balance before the introductory period ends to avoid the higher variable APR.

No Annual Fee

One of the most appealing aspects of the NASW Visa® Rewards Credit Card is the absence of an annual fee. This makes it an attractive option for those who want to earn rewards without the burden of an additional yearly cost.

Credit Score Requirements

The card is designed for individuals with good to excellent credit, typically within the 670-799 range. This ensures that those who qualify can enjoy competitive benefits and rewards.

Additional Benefits

– Online Account Management: Commerce Bank offers a convenient online platform for managing your account, viewing statements, and making payments.
– Customer Service: Access to reliable customer service to address any queries or issues you may encounter.

Conclusion

In summary, the NASW Visa® Rewards Credit Card from Commerce Bank is a versatile card that offers substantial cash-back rewards tailored to modern lifestyles. With no annual fee, an attractive introductory APR, and competitive cash-back rates, it stands out as a strong option for those with good to excellent credit.
However, the lack of a welcome bonus and the high variable APR after the introductory period are factors to consider. Additionally, the foreign transaction fees may make it less appealing for frequent international travelers.
Ultimately, if you spend significantly on streaming, cable, ridesharing, gas, and dining, this card could offer you notable savings. As with any financial product, it’s essential to assess how the card aligns with your spending habits and financial goals to make an informed decision.