VISA® Business

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases	Premium Pricing: 12.49% Variable Rate. This APR will vary with the market based on Prime Rate. 3.99% Introductory APR for the first 6 billing cycles that your account is open. After that, 12.49% (prime + 3.99%) Standard Pricing: 17.49% Variable Rate. This APR will vary with the market based on Prime Rate 5.99% Introductory APR for the first 6 billing cycles that your account is open. After that, 17.49% (prime + 8.99%).
APR for Balance Transfers	Premium Pricing: 12.49% Variable Rate. This APR will vary with the market based on Prime Rate. 3.99% Introductory APR for the first 6 billing cycles that your account is open. After that, 12.49% (prime + 3.99%) Standard Pricing: 17.49% Variable Rate. This APR will vary with the market based on Prime Rate 5.99% Introductory APR for the first 6 billing cycles that your account is open. After that, 17.49% (prime + 8.99%).
APR for Cash Advances	Premium Pricing: 12.49% Variable Rate. This APR will vary with the market based on Prime Rate. 3.99% Introductory APR for the first 6 billing cycles that your account is open. After that, 12.49% (prime + 3.99%) Standard Pricing: 17.49% Variable Rate. This APR will vary with the market based on Prime Rate 5.99% Introductory APR for the first 6 billing cycles that your account is open. After that, 17.49% (prime + 8.99%).
Paying Interest	Your due date is at least 25 days after close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. The Interest charge on cash advances begins from the date you obtain the cash advance. The Interest charge on balance transfers begins with the date the transaction is posted to your account.
Minimum Interest Charge	$0
For Credit Card Tips from the Consumer Financial Protection Bureau	To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Board at: http://www.FederalReserve.gov/CreditCard

Fees
Annual Fee	$40.00 (waived if purchases total over $2,500.00 in the 12 month period)
Transaction Fees
• Cash Advances	3% of amount advanced (waived for in-house transactions)
• Balance Transfer	$0
• Foreign Transaction	Currency Conversion 1% of the U.S dollar amount of transaction.
Penalty Fees
• Late Payment	Up to $35.00
• Returned Payment	Up to $35.00
• Declined Access Check	Up to $35.00
Other Fees
• Pay By Phone	$10.00 (Fee only imposed when speaking to a live representative)

Interest Charge Calculations Method (ICM) and Computation of Balance Subject to Interest Rate. The Interest Charge Calculation Method (ICM) applicable to your account for cash advances and credit purchases of goods and services that you obtain through the use of your card.

Method A – Average Daily Balance (including current transactions). The Interest Charge on cash advances begins from the date you obtain the cash advance. There is no grace period.

The Interest Charges for a billing cycle are computed by applying the monthly Periodic Rate to the “average daily balance” of your account. To get the average daily balance we take the beginning balance of your account each day, add any new cash advances, subtract any payments, credits, non-accruing fees, and any unpaid interest charges. This gives us the daily balance. Then we add up all of the daily balances for the billing cycle and divide the total by the number of days in the billing cycle.

Method G – Average Daily Balance (including current transactions). To avoid incurring an additional Interest Charge on the balance of purchases reflected on your monthly statement and on any new purchases appearing on your next monthly statement, you must pay the new balance shown on your monthly statement on or before the next payment date.

The Interest Charges for a billing cycle are computed by applying the monthly Periodic Rate to the “average daily balance” of purchases. To get the average daily balance of your account each day, add any new purchases and subtract any payments, credits, non-accruing fees, and any unpaid interest charges. This gives us the daily balance. Then we add up all the daily balances for the billing cycle and divide by the total number of days in the billing cycle.

Variable Rate We calculate your variable rate by adding a percentage to the Prime Rate published in The Wall Street Journal and is subject to change when Prime changes.