PRICING SCHEDULE

Bank Compensation to Company

The Program may have rewards or benefits the Bank or a third party provides. If it does, the rewards and benefits will be explained in separate documents which include rewards terms and conditions or benefits guides. Any benefits or rewards are subject to change or termination without notice.

Program Fees & Charges
Account and Card Program Fees

Minimum Finance Charge
A minimum finance charge of $1.75 will be added to the applicable Purchase and/or Cash Advance balance of the Account if the finance charge earned in any billing cycle is less than that amount.
Cash Advance Transaction Fee
N/A
Annual Fee
$0.00
Late Fee
A $35.00 late fee will be added to the Purchase balance of the Account if Bank does not receive the required full payment of an amount due from Company by its applicable Payment Due Date for balances of less than $500.00. For balances of $500.00 or greater, the late fee is $39.00.

If Company requests multiple CentimeCard Account numbers from which Virtual Cards can be generated (for departmental ac-counting or other purposes) and requests aggregate billing for two or more CentimeCard Account numbers, a $250.00 late fee will be added to the Purchase balance of the Account if Bank does not receive the required full payment of an amount due from Company by its applicable aggregated Payment Due Date.
Overlimit Fee
$0.00
Payment Dishonored Fee
A fee of $35.00 will be added to the Purchase balance if any payment in any form on the Account is dishonored or returned unpaid to Bank for any reason.
Stop Payment Fees
A fee of $35.00 will be added to the Purchase balance for any stop payment request made by Company.
Document/Statement Copy Fees
A fee of $5.00 will be added to the Purchase balance for each sales draft copy  requested by Company (unless related to an actual billing error).
Foreign Transaction Fee
A fee equal to 3% of each foreign transaction, after conversion to U.S. Dollars, will be assessed on all transactions made in cur-renices other than U.S Dollars. Fees for foreign Cash Ad-vances will be added to the Cash Advance balance of the Ac-count. Fees for foreign Purchases will be added to the Purchase balance of the Account.
Per Transaction Charge
N/A

Periodic Rates Applicable to CentimeCredit Account Transactions

ACCRUAL OF FINANCE CHARGES: No periodic rate finance charges will apply to Purchases and related Program Fees and Charges on the CentimeCard Account that are paid in full on or before their applicable Payment Due Date. Periodic rate finance charges will accrue on Purchases, and on Program Fees and Charges added to the Account as Purchases, beginning with the first day that follows the applicable Payment Due Date for each such Purchase or Program Fee and Charge.

PERIODIC RATE FINANCE CHARGES; VARIABLE RATE INFORMATION: Periodic rate finance charges will be calculated using daily periodic rates, which correspond to certain Annual Percentage Rates. These rates may be variable. A variable Annual Percentage Rate is determined by adding the applicable Margin (set forth below if applicable) to the applicable Index.

The Index is the highest U.S. Prime Rate as published in The Wall Street Journal during the 90 days immediately preceding the last day of each calendar month. The Index will be effective for the entire billing cycle that ends in the second month after such date. An increase in the Index will increase the applicable Annual Percentage Rate (set forth below) and daily periodic rate, which may increase the payment due on the Account. The daily periodic rate is 1/365th (1/366th during leap years) of the Annual Percentage Rate.

The rate for Purchases on the CentimeCard Account is an Annual Percentage Rate of 19.99% (a daily periodic rate of 0.0548%).

FINANCE CHARGES AND BALANCE CALCULATIONS: The CentimeCard Account will generally have monthly billing cycles. Bank uses the Average Daily Balance method to compute a portion of the Finance Charges on the Account. Bank calculates periodic rate finance charges separately for each Transaction category.

(A) To compute Billed Periodic Rate Finance Charges:

(1)  For each Transaction category, Bank multiplies the Daily Balance (as determined below) by the applicable daily periodic rate for each day of the billing cycle; then

(2) Bank adds together all of the products calculated in (1) above.

(A) To compute the Daily Balance for each Transaction category:

(1)  Bank takes the Beginning Balance of each day;

(2) Adds any applicable new Transactions (and related Transaction fees, other Program Fees and Charges, and debit adjustments);

(3) Subtracts any applicable payments, credits, or credit adjustments; and

(4) Bank treats a credit balance as a balance of zero.

Bank adds the amount calculated in accordance with (A)(1) above to the Daily Balance and this amount becomes the Beginning Balance for the next day.

Bank will calculate an Average Daily Balance for each Transaction category by adding all the Daily Balances for that Transaction category and dividing that amount by the number of days in the billing cycle. If you multiply the Average Daily Balance for a Transaction category by its daily periodic rate and multiply the result by the number of days in the billing cycle, the total will equal the Billed Periodic Rate Finance Charges for that Transaction category, except for minor variations due to rounding. Foreign Transaction fee finance charges, if any, are added to the Billed Periodic Rate Finance Charges for all Transaction categories as Total Billed Finance Charges.

Foreign Transaction fee finance charges, if any, are added to the Billed Periodic Rate Finance Charges for all Transaction categories as Total Billed Finance Charges. The Annual Percentage Rate is based on the “Total Billed Finance Charges”. This Supplement provides for daily compounding of finance charges and fees.

MINIMUM FINANCE CHARGE: If periodic rate finance charges are billed in any billing cycle, the Minimum Finance Charge will be as shown in the above table. Bank may allocate the Minimum Finance Charge among the various Transaction categories in the manner that Bank selects from time to time.

PAYMENTS: Payment in full of all Transactions and Program Fees and Charges for each billing cycle shall be made on or before the applicable Payment Due Date for each respective billing cycle.

Close ButtonClose Button