Visa Classic Card Interest Rates and Fees Table
Interest Rates and Interest Charges
|Annual Percentage Rate (APR) for|
• Balance Transfers
|0.00% introductory APR until the end of 6 billing cycles from the date the account is opened. After that, your APR will be 14.75%. This APR will vary with the market based on the Prime|
|APR for Cash and Overdraft Advances||19.75% This APR will vary with the market based on the Prime|
|How to Avoid Paying Interest on Purchases ||Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay|
your entire balance by the due date each month**.
|Minimum Interest Charge||If you are charged interest, the charge will be no less than $0.50|
|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 Consumer Financial|
Protection Bureau at http:www.consumerfinance.gov/learnmore.
|Annual Membership Fee|| None|
• Balance Transfer
• Cash/Overdraft Advances
• Foreign Transactions
|After grace period, greater of $10 or 2% (grace period for balance transfer fee is 6 months after account opening)|
Greater of $10 or 2%
1% of each transaction in U.S. Dollars
• Late Payment
• Returned Payment
|Minimum Payment||4% or $25|
How we will calculate your balance: We use a method called “average daily balance (including new purchases).” See your account agreement for more details.
Billing rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
Overdraft protection: Overdraft coverage only applies to Bankers Trust checking account. Bank determines the overdraft advance amount as follows: (a) Bank will advance the exact dollar amount to cover the overdraft, subject to a minimum overdraft protection advance amount of $25.00. (b) If the amount of available credit on your Credit Card is less than the amount of the overdraft or less than the $25.00 minimum, we will still advance the available amount. The applicable APR and transaction fee that apply to overdraft protection advances are listed above. Overdraft protection advances, and applicable interest and fees, may cause your Account balance to exceed your credit limit. If there is more than one person listed on the checking account that you have linked for overdraft protection, then: (a) Cardholder will be responsible for all overdraft protection advances regardless of which person writes the check or engages in any other transaction (such as a debit card purchase) that causes the overdraft; and (b) Cardholder agrees to allow us to disclose to any authorized person on your checking Account that this Credit Card is linked to your checking Account for overdraft protection. We reserve the right to cancel, suspend, or change the terms or conditions of your overdraft protection service at any time, for any reason.
The information contained in this application is accurate as of December 15, 2016 and is subject to change. For changes since this document was printed, you may write to us at: Bankers Trust, PO Box 897, Des Moines, IA 50304-0897.
*After the introductory rate, the Annual Percentage Rate (APR) will vary based on changes in the index (the National Prime Rate published in the Wall Street Journal). For Purchases and Balance Transfers we add a margin of 11%. For Cash and Overdraft Advances we add a margin of 16%. The index may be adjusted on the 25th day of each month or the business day preceding the 25th day if that day falls on a weekend or a holiday recognized by the Federal Reserve Bank. Changes in the index will take effect beginning with the first billing cycle in the month following a change in the index. Increases or decreases in the index will cause the APR and regular periodic rate to fluctuate resulting in increased or decreased finance charges on the account. As of December 15, 2016, the index was 3.75%. The account will never have an APR over 21%.
**We charge interest (unless the grace period applies) from the date of the transaction until the date you pay us back. There is no grace period for Cash Advances or Balance Transfers.