The Commerce Bank Line of Credit makes it easy to make your dreams come true. Whether you're taking a trip, fixing up the house or just wanting some personal spending money, your Line of Credit is a convenient, accessible financial resource. What's more, your personal Line of Credit is based on your credit history - not on collateral. Fast, convenient and easy to apply for, your Commerce Bank Line of Credit has a low interest rate and no annual fee.
You'll enjoy a competitive variable interest rate*, no annual fees and low payments each month, plus the flexibility of paying the minimum, the balance in full or any amount in between.
Whether you're ready to make a major purchase or simply want the comfort of knowing you have a personal loan for spending at your discretion, you can rely on your personal Line of Credit.
Benefits:
No annual fee
No cash advance fee
No collateral
Up to $25,000 credit limit
Competitive annual percentage rate
Line of credit convenience checks
Low, flexible payments
Open-ended credit line
Use wherever checks are accepted
Fast, easy approval
*Please see the Line of Credit important disclosure for full rate information.
Line of Credit FAQ's
What is the amount of my credit line?
The amount will be up to $25,000, depending on your qualifications.
Do I have to use my complete line all at once?
No. You can use as much or as little of your available line as you wish.
Do I have to pay the whole amount back immediately?
No. Once you have activated your line you will receive a monthly statement. You'll have the option to pay the minimum monthly payment *, pay the amount in full or any amount in between.
* The minimum payment will be the greater of:
- $15, or the full amount of your total balance if it is less than $15; or
- 3% of your new balance plus any amounts that are past due; or
- 1% of your new balance plus any amounts that are past due, plus fees and finance
charges accumulated during the billing period or
- any amount that exceeds your credit limit
Do I have to notify Commerce Bank when I want to use my Line of Credit?
Absolutely not. Your Line of Credit is for you to use however you see fit, whenever and wherever you need it.
Is there an annual fee or per-check charge for this account?
No. The convenience and flexibility of this account is yours without additional fees.
What happens when I run out of checks?
You may request additional Line of Credit access checks anytime, free of charge, by calling us at 1-800-645-2103.
