| Interest Rates and Interest Charges | MasterCard® |
|---|
| Annual Percentage Rate (APR) for Purchases | 12.25% - This APR will vary with the market based on the Prime Rate* |
| APR on Balance Transfers | 12.25% - This APR will vary with the market based on the Prime Rate* |
| APR for Cash Advances | 15.25% - This APR will vary with the market based on the Prime Rate* |
| Penalty APR and When it Applies | 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 retail purchases or balance transfers if you pay your entire balance by the due date. We will begin charging interest on cash advances on the transaction date. |
| Minimum Interest Charge | None |
| 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 https://www.consumerfinance.gov/learnmore |
| Fees | MasterCard® |
|---|
| Annual Fee | None |
Transaction Fees |
|
Cash Advances | Either $1.00 or 3.0% of the amount advanced (whichever is greater) |
Foreign Transaction | Up to 1.0% of each transaction in U.S. dollars |
Penalty Fees
|
|
Late Payment | Up to $30.00 |
Over-the-Credit Limit | None |
| Returned Payment | Up to $25.00 |
| Other Fees |
|
| Pay By Phone | No charge for automated payment
$5.00 if assisted by a representative |
| Expedited Card Replacement Fee | $15.00 |
How Will We Calculate Your Balance: We use a method called “average daily balance” (including current transactions)*. See your account agreement for further information regarding how we calculate your balance. Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement. All contents accurate as of July 2020. For changes that may have occurred after printing, please call (800) 748-7365 or write us at MA Bank, PO Box 128, Macon, MO 63552.
How Will We Calculate Your Variable APRs: We calculate variable APRs by adding a margin to the highest U.S. Prime Rate published in the Money Rates section of the Wall Street Journal two business days (not weekends or federal holidays) before the closing date shown on your billing statement. The APR may increase or decrease each month if the Prime Rate changes. Any new rate will be applied as of the first day of your billing cycle during which the Prime Rate had changed. If the APR increases, you will pay a higher interest charge and may pay a higher minimum payment. The Prime Rate is simply a reference index and is not the lowest interest rate available. If the Wall Street Journal stops publishing the Prime Rate, we will select a similar reference rate.
Military Lending APR: Effective October 1, 2017, Federal law provides important 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 a credit card account). Additional information may be obtained by calling (800) 748-7365.
Prime Rate: Variable APRs are based on the 3.25% Prime Rate as of July 2020.
Purchase APR: The Purchase APR is 12.25% which is a monthly periodic rate of 1.0208%. Purchases will be charged at 9% above the index.
Balance Transfer APR: The Balance Transfer APR is 12.25% which is a monthly periodic rate of 1.0208%. Balance transfers will be charged at 9% above the index.
Cash APR: The Cash Advance APR is 15.25% which is a monthly periodic rate of 1.2708%. Cash Advances will be charged at 12% above the index.
