FINANCIAL_SERVICESAMENDED

Magnifi Financial City Credit Card Limits Increased

The Commission approved higher credit limits on City credit cards issued through Magnifi Financial, raising executive limits to $15,000 and department head limits to $10,000. The change updates longstanding purchasing parameters to better reflect current costs and operational needs.

Status
AMENDED
Document date
June 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Magnifi Financial
Agency
City of Melrose · MN

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Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Amendment to existing credit card arrangements with Magnifi Financial to increase limits for specific city roles; underlying banking relationship remains in place.
Document type
Minutes
Source document
Melrose Public Utilities Commission Minutes 2026-06-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Melrose?

Magnifi Financial was awarded this financial services contract by City of Melrose, as recorded on June 8, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Melrose Public Utilities Commission Minutes 2026-06-08 (Minutes), dated June 8, 2026 from City of Melrose. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Magnifi Financial hold?

Magnifi Financial may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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