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Visa ® Platinum Rewards Credit Card Agreement
principal balance including current cycle Purchases and payments and credits as received, but excluding any unpaid Finance Charges.
Cash Advances (Method A)
Any Finance Charge shown on your monthly statement is computed only through the last date of the billing cycle. Since Finance Charges continue to accrue until the date your payment is received and posted to your Account, additional Finance Charges may appear on the following month's statement. The amount of the Finance Charge and the Advance Fee may be changed from time to time. There is a minimum Finance Charge of 50 cents in any billing cycle in which a Finance Charge is due.
A Finance Charge will be imposed on Advances from the date of the Advance or from the first day of the billing cycle in which the Advance is posted to the Account, whichever is later, and will continue to accrue until the date of payment. The Finance Charge for a billing cycle is computed by applying the Monthly Periodic Rate (which is the APR divided by 12 months) to the Average Daily Balance and Advances which is determined by dividing the sum of the daily balances of Advances during the billing cycle by the number of days in the cycle. Each daily balance is determined by adding to the Previous Balance (the outstanding balance of your Account at the beginning of the billing cycle) any Purchase as of the date it is posted to your Account and any Advances as of the transaction date or the first day of the billing cycle in which the Advance is posted to the Account, whichever is later, and subtracting all payments as received and credits as posted through that date, but excluding any unpaid Finance Charges.
Grace Period: You have a 25 day Grace Period for Purchases (including any promotional Balance Transfers or Convenience Checks that will post as Purchases), provided you have paid your Previous Balance in full by the Payment Due Date shown on your monthly Account statement. In order to avoid additional Finance Charges on Purchases, you must pay your New Balance in full by the Payment Due Date shown on the front of your monthly Account statement. There is no grace period for transactions that post to the Account as Advances. Those transactions are subject to interest from the date they post to the Account until the date they are paid in full.
Account Fees: We may charge the following fees. The amounts of these fees are listed in the attached rates and fee table.
(a) Cash Advance Transaction Fee: We will add a Finance Charge to the Advance balance of the Account in the form of the Advance Transaction Fees disclosed below for each Advance you obtain during a billing cycle. The fees imposed will equal the greater of the fees based on a disclosed percentage of each Advance of the minimum dollar amount, shown below.
CASHRECEIVED · PERCENTAGE · MINIMUM
FROM: · OF CASH FEE: · MAXIMUM:
FINANCIAL INSTITUTION · 3.0% · $ 5.00
ORATM · $15.00
(b) Annual Fee: $15.00
(c) Late Payment Fee: We will add a Late Payment Fee of $27.00 to the Purchase balance of the Account if your Minimum Payment is not received by the Payment Due Date shown on the monthly Account statement.
(d) Returned Payment Fee: We will add a Returned Payment Fee of $27.00 to the Purchase balance of the Account if a draft or check you give us as payment on the Account is not honored or if we must return it to you because it cannot be processed. A check that is returned unpaid may be sent for collection.
(e) Returned Convenience Check Fee: We may charge a fee of $35.00 to the Purchase balance of the Account if you write a Convenience Check that we do not honor under the terms of this Agreement. (See 'Convenience Checks', and 'Paying and Stopping Payment on Convenience Checks' sections for more details).
(f) ATM Surcharges: When you use an ATM not owned by us, you may be charged a fee by the ATM owner or network used to complete the transaction and you may be charged for a balance inquiry.
(g) Card Usage Reports Fee: We may offer additional reports regarding Card usage and Account transactions which will be provided upon your request for an agreed upon fee.
(h) Foreign Transactions: A 1.0% fee is assessed only on international transactions when a currency conversion occurs. Visa will also impose a 0.8% fee on foreign transactions where a currency conversion is not performed.
IMPORTANT INFORMATION ABOUT USING YOUR ACCOUNT
Credit Limit: The Account Credit Limit is the maximum amount of credit available and the maximum amount that you may owe under the Account at any time. You may not request or obtain additional Purchases, Advances, or Balance Transfers once you have reached your Credit Limit. The initial Credit Limit is shown on the Card carrier and will also appear on your monthly Account statement. We reserve the right to review your Account at any time and increase or decrease your Credit Limit. You may not increase your Credit Limit by carrying a credit balance over the Credit Limit we
make available to you. (Also see the 'Advance Limits' section for more information about Limits on Advance transactions section.)
Payment:
(a) Promise to Pay: You agree to pay for all Purchases, Advances, Finance Charges, fees, and any other obligations incurred on the Account.
(b) Method of Payment: You must pay us in U.S. dollars with checks or similar payment instruments drawn on a financial institution located in the United States. We may, at our option, choose to make an exception and accept a payment drawn on a foreign bank. However, you will be charged and agree to pay any collection fees required in connection with such a transaction. The date you mail a payment is different than the date we receive payment. For purposes of this Agreement, the payment date is the day we receive your check or money order at the address specified on your monthly Account statement. If you mail your payment without a payment coupon or to an incorrect address, it may result in a delayed credit to your Account. This may result in additional Finance Charges, fees, and possible suspension of your Account.
(c) Minimum Monthly Payment: Each month you must pay at least the Minimum Payment and any past due Minimum Payment by the Payment Due Date shown in your monthly Account statement. Your Minimum Payment for Purchases and Cash Advances is 3.0%, rounded up to the nearest dollar, of the total Purchase and Cash Advance balance (excluding late payment), or $25.00 - whichever is greater. In addition, your Minimum Payment will include all amounts delinquent, and amounts in excess of your Credit Limit. If your outstanding Purchase and Cash Advance balance is less than $25.00 then the entire balance is due. You also may pay the entire balance on your Account at any time or pay any amount between the Minimum Payment and your entire balance. Any changes in your Minimum Payment due will be reflected on your monthly statement in the month in which the Minimum Payment due is affected. However, in all cases, you may continue to pay any amount equal to or greater than the Minimum Payment due.
(d) Application of Payment: We may allocate payments to amounts owed on your Account in the manner we deem appropriate, including but not limited to, applying payment to promotional balances, such as Balance Transfers, before applying them to Purchases and Advances.
(e) Payment Processing: We may accept and process payments without losing any of our rights. Upon receipt of a payment, we may restrict or delay all or part of the available credit created by your payment until we confirm that the payment has cleared. This may happen even if we credit your payment to your account. We may resubmit and collect returned payments electronically. If necessary, we may adjust your account to correct errors, process returned and reversed payments, and handle similar issues.
Change of Address: Your monthly Account statements and notices about your Account will be sent to the address you provided in your application or your response to our Account solicitation. To change your address, you must call us at 1-800-4455725 or write to us at the following address:
Hills Bank
131 E Main Street
P.O. Box 160
Hills, Iowa 52235
We must receive this information 15 days before the date a billing cycle closes to provide your monthly Account statement at your new address. Note: If you have an address change within 45 days of the expiration date of your Card(s), please contact the Hills Bank Contact Center at 1-800-445-5725 with that information so your new Card(s) can be mailed to your new address.
Authorized Use: You agree not to give your Card to anyone else or to authorize anyone to use the Account. If you give your Card or Account number to someone and they use either, you will be liable for any charges that the person incurs.
Armed Forces Protections: Federal law provides protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for credit card account).
Lost or Stolen Card or Convenience Checks: You must notify us immediately if your Card or Convenience Checks are lost or stolen or there is possible unauthorized use of your Card or Account. You will not be liable in excess of $50.00 for any theft or loss for purchase charges that occur after notification to the Bank. Notify the eServices Department by phone at 1-800-445-5725, or 1-800-423-7503 or in writing to:
Hills Bank
131 E Main Street
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