Bank of Missouri Credit Card Offers

Updated: Jul 25, 2020
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Search, compare, & apply online for Bank of Missouri credit cards

The Bank of Missouri credit cards can help you build credit from scratch or improve your poor credit score. But how good are they really? And are they the right fit for you? This detailed credit card listing will provide you with everything you need to know about this community bank and figure out whether its credit cards are right for you. Choosing the right credit card is crucial for improving bad credit or building a credit history, but it can be challenging to get approved. And the more cards you apply for, the more you hurt your credit score because every application makes it drop by a few points. Fortunately, the credit cards offered at The Bank of Missouri credit cards can help you build up your score. Their approval requirements are very low, and almost anyone can get approved, as they are, in fact, designed for people with low or nonexistent FICO scores.

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The Bank of Missouri is a credit card issuer that specializes in commercial lending. It offers SBA loans, business term loans, investment solutions, lines of credit, and more.

It also offers personal finance products such as credit cards for anyone who wishes to build or improve their credit.

Established back in 1891, The Bank of Missouri has been growing steadily for over a century and now operates more than 35 US branches. Its corporate headquarters are located in Perryville, Missouri.

Apart from being a community bank, it’s also a state charter and Fed nonmember supervised by the FDIC. Every quarter since December 2011, The Bank of Missouri has received a 5-star rating from BauerFinancial, Inc., an independent financial rating agency.

The Bank of Missouri’s Financial Products

The Bank of Missouri offers both commercial and personal finance products.

Some of its financial products include:

  • Credit cards
  • Debit cards
  • Business loans
  • SBA loans
  • Business management solutions
  • Investments and retirement planning services
  • Online banking
  • Home mortgage loans
Choosing the right credit card issuer can make or break your financial stability. Each issuer has different terms and conditions, interest rates, credit limits, fees, penalties, and more. Before making any commitments, make sure you thoroughly compare various issuers.

Types of Cards Offered at The Bank of Missouri

The Bank of Missouri issues VISA® cards and Mastercard® credit cards. Both are exceptional credit card networks used all over the world.

Every place that accepts credit cards accepts Mastercard and VISA, so you will be able to make a purchase anywhere in the world.

Both of these networks provide some excellent perks to their cardholders. Depending on the card, some of the most notable perks you can enjoy include:

  • Zero fraud liability
  • ID theft protection (Check Offers)
  • Purchase protection
  • Emergency card replacement/ reimbursement.

Although each network has its own benefits and rewards, the primary perks will depend on the credit card issuer. This is also why it’s vital to compare various issuers first and not dwell too much on the network.

Also, not every bank will offer the same perks offered by these networks, so make sure you check with the bank to understand exactly what it will offer you.

If you’re a frequent traveler, Mastercard might be a better option for you. It’s accepted in more than 210 countries around the globe, as opposed to VISA, which is accepted in over 170 countries.

The Bank of Missouri Credit Cards for Poor Credit

If you have a poor credit score, you can improve it with a credit card from The Bank of Missouri. The bank’s credit cards are actually designed for people with poor credit.

RELATED: Secured Card Offers

Even if you have no credit history to start with, you can build it from scratch with these cards.

The Bank of Missouri issues the following credit cards for poor credit:

Each comes with its own set of features and requirements. A credit score range of 300-640 is preferable for these cards, but you can apply for each of them even with no prior credit history.

These are unsecured credit cards, which means you don’t have to put down a security deposit to open your account. That’s one of the requirements for secured credit cards, although they require a refundable deposit.

RELATED: Secured Cards Explained

However, it also means that you’ll face higher rates and fees than you would with secured cards. This is simply because the bank doesn’t have a deposit to fall back on if you fail to provide on-time, full payments.

The lower your credit score is the higher your fees will be, and vice versa. Not putting down a security deposit also prevents you from having control over your credit limit, because the deposit usually equals the limit you get with secured cards.

Unsecured cards can give you a fixed credit limit or allow you to increase it after a specific period of time. This is something you need to check with The Bank of Missouri directly. They’ll provide you with all the information about whether or not you can increase your credit limit and the necessary requirements that you may be able to meet.

High fees and credit limitations are some of the most important reasons why many people with a poor credit score prefer secured to unsecured cards.

But if you decide to apply for an unsecured card with The Bank of Missouri, you still might be able to build or rebuild your credit, as long as you use your card responsibly.

RELATED: Fixing & Protecting Your Credit

This means paying off your balance in full and on time every month and keeping your credit utilization ratio below 30%.

The Bank of Missouri reports monthly to all three major credit bureaus: Equifax, Experian, and TransUnion. If it regularly reports your responsible cardholder behavior, you will quickly see an improvement in your credit score.

To quickly improve your credit score, always keep your credit utilization ratio below 30% and provide all your monthly payments on time and in full. Also, don’t wait for the due dates to pay off your balance, but make a habit of doing it a few days earlier.

The Bank of Missouri Application Requirements

If you want to apply for any of The Bank of Missouri credit cards to build or improve your credit score, you’ll be happy to know the application requirements are quite lenient. They include the following:

  • You must be of legal age (18+, or 19+ if you live in Alabama)
  • US resident with a valid, current address
  • You must have an active checking account
Do a full credit check before applying and contact the bank to see if you meet all the requirements. That way, you can make sure you get your approval.

Application Process

Applying for a credit card with The Bank of Missouri is a very simple and quick process. You don’t even need to go to the nearest branch to submit the necessary paperwork, as you can easily apply online.

Some of the information you need to provide includes:

  • Your name
  • Date of birth
  • A valid current US address
  • Your Social Security number
  • Email and phone number
  • Annual income
  • Employment information

As soon as you fill out the online form, you’ll know whether or not your application is approved. The Bank of Missouri sends its response in just a matter of seconds. This doesn’t mean that it offers instant decision credit cards. It simply notifies you instantly of your approval status.

You can even pre-qualify for a Bank of Missouri’s credit card. For instance, the Milestone Mastercard allows you to pre-qualify when filling out your online application. This is very useful because it won’t take points off your credit score.

If the bank denies your application, be sure to give them a call to find out what went wrong. Perhaps you’ve completely forgotten about some unpaid debt. Or maybe your credit report actually contains an error that you can easily fix.

If your application doesn’t get approved, be sure to wait at least 6 months before reapplying. Every application takes a few points off your credit score, so it’s wise not to make another inquiry for a while.

The Bank of Missouri Pros

Holding a credit card from The Bank of Missouri comes with several useful advantages.

1. Low Application Requirements

Almost anyone can get approved for The Bank of Missouri’s credit cards, as they’re designed for consumers with a poor credit score or no credit history at all.

2. No Security Deposit

You don’t have to put down a security deposit for any of the bank’s unsecured credit cards.

3. Building or Rebuilding Credit

You can quickly get your finances in order with the bank’s credit cards, as they report monthly to all three major credit bureaus.

To make the most of your new credit card, always make your full payments before the due dates and maintain a credit utilization ratio of less than 30% of your credit limit.

The Bank of Missouri Cons

Besides the benefits, there are some drawbacks you should consider before applying for a credit card with The Bank of Missouri.

1. Low Credit Limit

The Bank of Missouri offers a very low credit limit. When you pay all the hefty fees, you’re left with quite less money than you may have expected.

2. High Rates and Fees

Interest rates and fees are sky-high with this bank. From account processing fees to annual fees and monthly service charges, you can end up paying quite a lot of money just to keep your account active.

If you can afford all the fees and make sure you’re never late with your payments, then a card from The Bank of Missouri might be a good option for you. After all, the primary reason you would use it is to raise your credit score and get your finances in order.

3. Usage Limitations

Some credit cards issued by The Bank of Missouri don’t allow foreign transactions, which means that you can only use them within the US borders. Others allow foreign purchases but can incur high foreign transaction fees.

If you plan on using your new card while traveling abroad or to pay for foreign merchant purchases online, make sure you choose a card that allows you to do so. Make sure you always notify the bank beforehand, so that you don’t risk your card getting declined.

If you can use your chosen card abroad, keep in mind that purchases from foreign merchants can incur high foreign transaction fees. If you don’t want to pay for those fees, consider applying for a no foreign fee card.

Bank of Missouri Customer Service & Contacts

Toll-Free Number: 888-547-6541

Corporate Headquarters: 573-547-6541, 573-547-6552, 573-874-4900 (Investments & Retirement Planning)

Fax Number: 573-547-7557

Online Contact Form: click here

Corporate Office Address: 916 North Kingshighway, Perryville, Missouri 63775

Hours of Operation:

  • Lobby: MON-WED 8 AM-4 PM, THU-FRI 8 AM-5 PM, SAT 8 AM-12 PM
  • Drive-Up: MON-WED 7:30 AM-4 PM, THU-FRI 7:30 AM-5:30 PM, SAT 7:30 AM-12 PM

Expanded Customer Support Hours: MON-FRI 8 AM-11 PM, SAT 8 AM-5 PM, SUN 9 AM-5 PM

  • Holidays: 9 AM-5 PM (closed Thanksgiving and Christmas)

The Bottom Line

The Bank of Missouri is a trustworthy community bank that offers very lenient approval requirements and generally favorable terms and conditions. Its reliable credit cards can help anyone with poor credit quickly improve their credit score or establish it from scratch. However, before committing to a contract, make sure you research other banks as well. That way, you can make an informed decision and rest assured knowing you’ve found the right issuer for your needs.

Bank of Missouri Card Offers Recap

Bank of Missouri FAQs. What People Ask About Bank of Missouri Cards

Can I Use My Bank of Missouri Credit Card Abroad?2020-02-04T21:05:33-06:00

Not all credit cards issued by The Bank of Missouri allow foreign transactions. Make sure you check in advance if you plan on using your new card outside the US or for shopping online from non-US merchants. Have in mind that foreign transaction fees follow every foreign purchase and that you need to notify the bank beforehand to prevent your card from potentially getting declined. (See No FX Fee cards)

Can I Improve My Credit Score with a Bank of Missouri Credit Card?2020-02-04T21:03:25-06:00

The Bank of Missouri credit cards have been designed for people looking to improve their credit. The bank reports monthly to all three major credit bureaus, so you can quickly see an improvement in your credit score. You only need to keep a low credit utilization ratio (below 30%) and provide all your payments in full and on time.

Does The Bank of Missouri Offer Rewards?2020-02-04T21:07:12-06:00

Unfortunately, Bank of Missouri credit cards do not offer any cash-back or reward points. However, those are certainly not your top priority when building or rebuilding your credit, which is something you might be able to do easily with this bank if you always remain a responsible cardholder. See Reward Cards

Can I Get Approved for Missouri Bank Cards If I Have No Prior Credit History?2020-02-04T21:01:46-06:00

Yes, you can. Bank of Missouri’s credit cards have been designed for both improving and building credit. If you have no credit history at all, you can still apply for your new card and start building good credit.

Can I Apply Online for The Bank of Missouri Credit Card?2020-02-04T21:00:07-06:00

Yes, you can easily apply online by filling out the bank’s application form. Although the bank doesn’t offer instant decision credit cards, it will notify you in a matter of seconds about your approval status. The bank even allows you to pre-qualify for some of its cards. As opposed to any other inquiry, this pre-qualification won’t affect your credit score, as it won’t take any points off it. Check Bank of Missouri card offers and apply online.

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