A revolving line of credit that provides reusable and quick access to funds so you’re ready when unexpected expenses hit.
No collateral required
As payments are made, the amount available on your credit line increases (up to your credit limit), giving you access to more funds.
No account opening, transaction or cash advance fees
Lower interest rates than many credit cards – 14.74%-22.74% APR, variable1. View Important Disclosure [PDF]
Fixed low monthly payments for 48 months on cash advances of $2,000 or more2
Each cash advance of $2,000 or greater has equal monthly payments calculated over 48 months, making it easier to budget each month2 (not available on lines of less than $2,000).
Each cash advance of less than $2,000 is part of a revolving balance with a monthly minimum payment, similar to a credit card.
The size of each cash advance determines the manner in which it is repaid. If you have a large purchase of $2,000 or greater, that cash advance will have monthly installment payments calculated over 48 months.3 Cash advances of less than $2,000 will not have a required installment payment calculated over 48 months. These cash advances are part of a revolving balance, with a monthly minimum payment, similar to a credit card.
Use the estimator below to enter each cash advance amount you anticipate taking and we'll help estimate your monthly payments. See examples of how the calculator works.
Based on your creditworthiness when you open your account. After that, your APR will vary with the market based on the Prime Rate. The Prime Rate used to determine the APR on your account is the U.S. Prime Rate published in The Wall Street Journal in its column called "Money Rates" on the last business day of each month. As of March 15, 2021, the APR can range from 14.74%-22.74%. There is no ceiling on the applicable APR.
Not available on lines of less than $2,000. Any Cash Advance of $2,000 or more (an "Installment Draw") has a required minimum monthly payment ("Minimum Installment Draw Payment"). The Minimum Installment Draw Payment is calculated over 48 months at the interest rate in effect at the time of the Installment Draw.
The Minimum Installment Draw Payment remains the same for the first 47 months. The applicable periodic interest rate is a variable rate. Your final payment may vary and will be for all outstanding principal and all accrued interest not yet paid.
Cash Advances of less than $2,000 do not have a required installment repayment amount calculated over a term of 48 months. These cash advances are part of a Revolving Balance, which is repaid in accordance with monthly minimum payment requirements described in the ReadyLine of Credit Agreement.
* The total estimated payment is an estimate based upon one of the interest rates available today. Your interest rate is based on your creditworthiness when you open your account and will be provided to you upon approval. You will not know the exact monthly payment amount until you receive your monthly billing statement.
This calculator is for information, education, and entertainment purposes only. This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. It is your responsibility to evaluate the merits and risks associated with relying on any information provided.
By entering this section of the Commerce Bank web site, you acknowledge your understanding and acceptance of the terms of its use.
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