Business Credit Card Rates

General Qualifiers

  • Provide a minimum of one guarantor
  • Submit a business financial statement for all credit limit requests exceeding $10,000
  • Your primary place of business must be located in one of the following states: OH, PA, IL, WI, MI

You should review the following disclosure terms and conditions prior to downloading and completing your application. Any application submitted is subject to the terms of the product offered.

Annual Percentage Rate for Purchases12.49%
Other Annual Percentage Rates18.49% for Cash Advances
0% for Balance Transfers (a)
23.99% for Default Pricing (b)
Variable Rate InformationYour Annual Percentage Rates may vary. The Rates are determined by adding 8.74% for Purchases and 14.74% for Cash Advances to the Wall Street Journal's Prime Rate in effect one (1) business day before the billing cycle closing date.
Annual Membership FeeNone
Low Usage FeeNone
Grace Period for the Repayment of Balances for PurchasesYou have not less than 25 days to repay your balance for purchases before a Finance Charge will be imposed.
Balance Calculation Method for PurchasesAverage Daily Balance (including current transactions)
Cash Advance Fee5.0% of Amount of Advance ($15.00 minimum, $50.00 maximum)
Cash Equivalent Transaction Fee5.0% of Amount of Purchase ($15.00 minimum, $50.00 maximum) (c)
International Purchase Transaction Fee2% of Amount of Purchase(d)
Balance Transfer Transaction Fee3% of the amount of each transfer
Late Payment Fee$29.00 for balances less than or equal to $250.00
for balances greater than $250.00
Over-the-Credit-Limit Fee$39.00


a)If you transfer balances from other credit cards, you get a fixed Annual Percentage Rate on the transferred balances for six months. After six months, the rate reverts to the normal cash advance rate which is based on The Wall Street Journal's Prime Rate.

How we calculate your balance and billing rights:

(b)If your account becomes two payments delinquent as of the payment due date, an Annual Percentage Rate of 23.99% will take effect on all balances on your account, including any promotional or balance transfer balances, and will take effect immediately with the billing cycle in which the second payment delinquency occurred. This rate will continue until the account has been paid current for twelve consecutive statement periods, after which, the rates effective for the account will be used.

(c)Applies to the following cash equivalent transactions: Wire transfers, foreign currency, money orders, travelers cheques at non-financial institutions, and betting (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks).

(d)Applies to the following purchase transactions: Any purchase made in a country other than the United States regardless of whether or not currency conversion is involved.

The information about the costs of the cards described in this application is accurate as of October 15, 2014. This information may have changed after that date. To find out what may have changed, write us at FirstMerit Bankcard Center, P.O. Box 1499, Akron, Ohio 44309-1499.

We may change the above rates, fees and other account terms and conditions at any time in accordance with applicable law and the credit card agreement that will be sent with your credit card.