Commerce Bank Consumer Credit Card senior vice president Chad Doza said: "Customers today are looking for flexibility and simplicity when managing their finances, and toggle gives them new financial tools to do that.
"With a traditional credit card, the customer waits until the end of the month to decide if they want to pay their bill in full or carry a balance. toggle lets the customer make that decision before the statement reflects the new charges.
Customers can use only their Commerce Bank credit card to manage all of their purchases that are typically distributed across multiple credit and debit cards using toggle.
Said to be available to all existing credit card accounts, the toggle suite of features is fully integrated into online banking.
In order to create a customized payment plan for purchases ranging from everyday spending, two checking accounts from any financial institution can be linked to a customer’s Commerce credit card.
According to the company, toggle comprises tools including pay now, which enables customers to specify the types of purchases they wish to immediately have paid from their checking account; pay later that lets the customer leave designated credit card transactions on the card and manage that balance as they normally would.
toggle also consists of unwind tool through which customers can move a pay now purchase back to the credit card account so they can pay later.
