Commerce Bank Introduces the Honor Society of Phi Kappa Phi Visa® Rewards Credit Card

The Honor Society of Phi Kappa Phi, the nation’s oldest and most selective all-discipline collegiate honor society, and Commerce Bank have come together to offer Phi Kappa Phi members a Visa® rewards credit card.

Honor Society of Phi Kappa Phi and Commerce Bank have come together to offer Phi Kappa Phi members a Visa(R) rewards credit card. (Photo: Business Wire)

The card offers reward points with unlimited earnings, as well as no annual fee. Cardholders can redeem points for thousands of items including cash back as statement credits, gift cards, merchandise, or travel. Additional features and benefits include $100,000 travel insurance, emergency card replacement and cash advances, 24/7 customer service, Visa Zero Liability coverage1, E-Statements and optional AutoPay.

“We are excited to enter into a relationship with Phi Kappa Phi and to offer their alumni a customized credit card as another way to show their support for the Society,” said Chad Doza, senior vice president of consumer credit card. “We are committed to providing payment solutions to businesses and organizations in our communities and we look forward to a rewarding partnership with Phi Kappa Phi.”

Speaking of the new card product, Traci Navarre, Phi Kappa Phi’s chief marketing officer, said, “Our relationship with Commerce Bank is an excellent opportunity for Phi Kappa Phi to offer our members a credit card with great rates and a quality rewards program.”

The card will be available through the Commerce Bank website at www.commercebank.com/phikappaphi as well as the Phi Kappa Phi website at www.phikappaphi.org. The Phi Kappa Phi Visa card is accepted anywhere Visa cards are accepted.

Founded in 1897 at the University of Maine and headquartered in Baton Rouge, La., Phi Kappa Phi is the nation's oldest and most selective all-discipline honor society. The Society has chapters on more than 300 college and university campuses in North America and the Philippines and has initiated more than 1 million members into its ranks since its founding. A global network comprised of members from all academic disciplines, Phi Kappa Phi’s mission is "to recognize and promote academic excellence in all fields of higher education and to engage the community of scholars in service to others."

About Commerce Bank

Commerce Bank, is a subsidiary of Commerce Bancshares, Inc. (NASDAQ: CBSH), a $23.1 billion regional bank holding company, as of December 31, 2013. For almost 150 years, Commerce Bank has been meeting the financial services needs of individuals and businesses. Commerce Bank provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in more than 360 retail locations in the Central United States and has a nationwide presence in the commercial payments industry. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, private equity and real estate activities.

For additional information, please visit www.commercebank.com.

About The Honor Society of Phi Kappa Phi

Since its founding, more than 1 million members have been initiated. Some of the organization's more notable members include former President Jimmy Carter, NASA astronaut Wendy Lawrence, novelist David Baldacci and YouTube cofounder Chad Hurley. The Society has awarded approximately $15 million since the inception of its awards program in 1932. Today, $1 million is awarded each biennium to qualifying students and members through graduate fellowships, undergraduate study abroad scholarships, member and chapter awards and grants for local and national literacy initiatives.

1 Covers U.S.-issued cards only. Does not apply to ATM transactions, certain commercial card transactions, PIN or other transactions not processed by Visa. You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer.

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