VOILA Hotel Rewards Visa Signature® from Commerce Bank Review

In today’s market, finding the right credit card tailored to your lifestyle can often feel like navigating a maze. For the avid traveler and frequent hotel guest, the VOILA Hotel Rewards Visa Signature® from Commerce Bank might just be the golden ticket to unlocking a plethora of rewards and benefits. This review will delve deep into the features, benefits, and potential drawbacks of this card, helping you make an informed decision.

VOILA Hotel Rewards Visa Signature® from Commerce Bank Key Takeaways

Before diving into the nitty-gritty details, here are the key takeaways for the VOILA Hotel Rewards Visa Signature®:
– 50% Bonus on your purchases at VOILÀ Participating Hotels when you make $10,000 in purchases each year.
– 5x Points per $1 spent at VOILÀ Participating Hotels.
– 1x Point per $1 spent everywhere else Visa is accepted.
– 20,000 Bonus Points when you make $1000 in purchases in your first 90 days after account opening.
– $0 Annual Fee.
– Variable APR: 20.49% – 30.49%.
– Good to Excellent Credit Score Needed: 670-799.

VOILA Hotel Rewards Visa Signature® from Commerce Bank Pros and Cons

Pros

1. No Annual Fee: This is a significant advantage, especially for those who want to maximize their rewards without worrying about yearly charges.
2. Generous Reward Structure: Earning 5x points at VOILÀ Participating Hotels and a 50% bonus on purchases if you meet the spending threshold is compelling for frequent travelers.
3. Sign-up Bonus: The 20,000 bonus points for spending $1,000 within the first 90 days offer a substantial initial reward.
4. Wide Acceptance: Being a Visa card, it is widely accepted globally, ensuring you can use it almost anywhere.
5. Flexible Redemption Options: Points can be redeemed for various rewards, including hotel stays, travel, and other experiences.

Cons

1. High Variable APR: With an APR ranging from 20.49% to 30.49%, carrying a balance can become expensive.
2. Foreign Transaction Fee: This can be a drawback for international travelers who will incur additional costs on overseas purchases.
3. Limited Earning Opportunities Outside VOILÀ Hotels: While the 1x points on other purchases are standard, it may not be as rewarding as other cards with broader reward categories.

VOILA Hotel Rewards Visa Signature® from Commerce Bank Benefits

Reward Points

The primary appeal of the VOILA Hotel Rewards Visa Signature® card lies in its reward structure. Here’s a closer look:
– 5x Points at VOILÀ Participating Hotels: This is a standout feature for those who stay frequently at these hotels. The accelerated points can accumulate quickly, leading to significant rewards.
– 1x Points on All Other Purchases: While this is more common among reward cards, it ensures you still earn points on everyday purchases.
– 50% Bonus on Annual Purchases: By spending $10,000 annually, cardholders can enjoy a 50% bonus on their purchases at VOILÀ Participating Hotels, which can significantly boost the point tally.

Sign-up Bonus

New cardholders are greeted with a lucrative sign-up bonus:
– 20,000 Bonus Points: Earn these points by making $1,000 in purchases within the first 90 days. This can be a great way to kickstart your rewards journey and is relatively achievable for most users.

No Annual Fee

A no-annual-fee structure means you can enjoy all the benefits without an added yearly cost, making it easier to justify keeping the card long-term.

Travel Benefits

The VOILA Hotel Rewards Visa Signature® card offers numerous travel-related benefits, including:
– Travel Assistance Services: Access to a comprehensive suite of travel assistance services which can be invaluable during trips.
– Auto Rental Collision Damage Waiver: Provides coverage in case of damage due to collision or theft when renting a car.

Other Benefits

– Purchase Protection: Covers new purchases against damage or theft for a limited period.
– Extended Warranty: Extends the manufacturer’s warranty on eligible purchases.
– Zero Liability: Protects against unauthorized purchases.

Rate and Fee Information

Understanding the rates and fees associated with any credit card is crucial. Here’s what you need to know about the VOILA Hotel Rewards Visa Signature®:
– Purchase APR: 20.49% – 30.49% Variable.
– Balance Transfer APR: 20.49% – 30.49% Variable.
– APR for Cash Advances: 30.49% Variable.
– Penalty Fees: Up to $40 for late payments.

How to Avoid Paying Interest

To avoid interest charges:
– Timely Payments: Ensure your due date is at least 25 days after the close of each billing cycle. Paying the entire balance by the due date each month will help you avoid interest on purchases.
– Interest on Cash Advances and Balance Transfers: Interest is charged from the transaction date, so it’s advisable to avoid these unless absolutely necessary.

Fees to Consider

– Balance Transfer Fees: Either $10 or 5% of the amount of each transfer, whichever is greater.
– Cash Advance Fees: Either $10 or 5% of the amount of each cash advance, whichever is greater.

Conclusion

The VOILA Hotel Rewards Visa Signature® from Commerce Bank is a robust choice for frequent hotel guests and travelers who prefer VOILÀ Participating Hotels. Its generous reward structure, no annual fee, and substantial sign-up bonus make it an appealing option for those who can leverage these benefits. However, the high variable APR and foreign transaction fees are factors that potential cardholders need to consider carefully.
If you’re someone who frequents VOILÀ Participating Hotels and can meet the spending thresholds to maximize rewards, this card can offer significant value. Conversely, if you tend to carry a balance or need a card with more diverse reward categories, you might want to explore other options.
Overall, the VOILA Hotel Rewards Visa Signature® card is a specialized tool that, when used correctly, can greatly enhance your travel experiences and reward accumulation. As always, evaluating your spending habits and travel preferences will help determine if this card aligns with your financial goals.