Business Rates & Fees
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| Interest Rates and Interest Charges |
Important Disclosures |
Annual Percentage Rate (APR) for
Purchases |
0.00% Introductory APR for the first 6 months following the opening of your
account for transactions posted within 90 days of account opening.
After that, your APR will be 13.24% to 20.24% based on your
creditworthiness when you open your account. This APR will vary with the
market based on the Prime Rate but will never be less than 10.99%* |
| APR for Balance Transfers |
0.00% Introductory APR for the first 6 months following the opening of your
account for transactions posted within 30 days of account opening.
After that, your APR will be 13.24% to 20.24% based on your
creditworthiness when you open your account. This APR will vary with the
market based on the Prime Rate but will never be less than 10.99%* |
| Penalty APR |
None |
| Paying Interest |
Your due date is at least 25 days after the close of each billing cycle. We will
not charge you interest on purchases and/or balance transfers if you pay your
entire balance by the due date each month. |
| Minimum Finance Charge |
If you are charged interest, the charge will be no less than $1.00 |
| Fees |
|
| Annual Fee |
None |
| Transaction Fees |
|
| Balance Transfers |
Either $10 or 3% of the amount of each transfer, whichever is greater (maximum fee $100) |
| Foreign Transactions |
3% of each transaction in U.S. Dollars |
| Penalty Fees |
|
| Late Payment |
$35 |
| Returned Payment |
$35 |
| Other Fees |
|
| Rush Card Fee |
$30 |
How we will calculate your balance: We use a method called "average daily balance (including new purchases)."
Except as provided above in Paying Interest, purchases and balance transfers begin to accrue interest from the date of the transaction or, at our option, from the date they are posted to the account.
*We calculate variable APRs by adding a margin of 5.49%, 9.49% or 12.49% to the highest U.S. Prime Rate published in the Money Rates section of The Wall Street Journal on the last business day of the calendar month preceding the first day of the billing cycle. The APR is subject to a minimum and will never be less than 10.99%.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT:
To help the government fight the funding of terrorism and money laundering activities, Federal laws require all financial institutions to obtain, verify and record information that identifies each person who opens an account. What that means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
December 2024