Pricing Information
Interest Rates and Interest Charges | |
Annual Percentage Rate (APR) for Purchases | 0% fixed Intro APR for the first 6 billing cycles that your Account is open. After that, 10.24% to 16.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.a |
APR for Balance Transfers | 0% fixed Intro APR for the first 6 billing cycles that your Account is open. After that, 10.24% to 16.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.a |
APR for Cash Advances | 19.24% or, if your purchase APR is 16.24%, then 23.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.b |
APR for Overdraft Advances | 19.24% (not available in some states). This APR will vary with the market based on the Prime Rate.c |
Default APR and When It Applies | 29.99%. This APR will vary with the market based on the Prime Rate.d |
The Default APR will apply to your Account if you:
How Long Will the Default APR Apply: If an APR is increased for any of these reasons, the Default APR will apply indefinitely to all outstanding balances and future transactions on your Account. | |
Grace Period | Your due date will be a minimum of 20 days after the close of each billing cycle. We will not charge you periodic interest on any portion of new purchases billed to a statement that we allocate such payment to, so long as your current statement shows that we received payment of the entire balance for your previous statement by the time the Minimum Payment was due. You may not be able to avoid interest on new purchases if you have another balance at a higher interest rate, unless you pay your balance in full each month, because we generally allocate payments to higher rate balances first. We will begin charging interest on balance transfers, cash advances, and overdraft advances on the transaction date. |
Minimum Interest Charge | If you are charged periodic interest, the charge will be no less than $1.00. |
Fees | |
Annual Membership Fee | None |
Transaction fees | |
Balance Transfers | Either $5.00 or 3% of the amount of each transfer, whichever is greater. |
Cash Advances | Either $10.00 or 3% of the amount of each transaction, whichever is greater. |
Foreign Transactions | 3% of each transaction in U.S. dollars. |
Penalty Fees | |
Late Payment | $15.00 if the balance is less than $100.00; $29.00 if the balance is $100.00 or more, but less than $250.00; and $39.00 if the balance is $250.00 or more. |
Over-the-Credit-Limit | $39.00 |
Return Payment | $39.00 |
Return Check | $39.00 |
Loss of Intro APR: We will end your Introductory APR if you fail to make any required Minimum Payment by the date and time due and the Default APR will take effect. This APR will vary with the market based on the Prime Rate.
How We Will Calculate Your Balance: We use the daily balance method (including new transactions).
Prime Rate: Variable APRs are based on the 3.25% Prime Rate as of 2/22/2010.
aWe add 6.99% to 12.99% to the Prime Rate to determine the Purchase/Balance Transfer APR.
bWe add 15.99% or 19.99% to the Prime Rate to determine the Cash Advance APR.
cWe add 15.99% to the Prime Rate to determine the Overdraft Advance APR.
dWe add 26.99% to the Prime Rate to determine the Default APR. Maximum APR 29.99%.
TERMS & CONDITIONS
Authorization: When you ("you", "your" means the owner, officer, or partner of the company with the authority to bind the company to the terms & conditions of this offer and the Business Card Agreement, and who is agreeing to the terms on their own behalf and that of the company) respond to this credit card offer from Chase Bank USA, N.A. ("Chase", "we", or "us"), you agree to the following:
You authorize us to obtain business and consumer credit bureau reports in connection with your request for an account. If an account is opened, we may obtain credit bureau reports in connection with extensions of credit or the review or collection of your account. If you ask, we will tell you the name and address of each credit bureau from which we obtained a report about you.
If an account is opened, you will receive a Business Card Agreement with your card(s). By using the account or any card, authorizing their use, or making any payment on the account, you agree to the terms of the Business Card Agreement.
You authorize us to allocate your payments and credits in a way that is most favorable to or convenient for us. For example, you authorize us to apply your payments and credits to balances with lower APRs (such as promotional APRs) before balances with higher APRs.
Rates, fees, and terms may change: We have the right to change the account terms (including the APRs) in accordance with your Business Card Agreement.
You also certify you have the authority to permit us to issue your credit card containing the Company name if completed on the form.
Individual and Company Liability: You understand that by responding to this offer you agree to be personally responsible for payment of all balances incurred on all cards and accounts issued pursuant to this application now or whenever such additional accounts may be established in the future, and that the Company is jointly liable for all balances on all accounts in the Company name. You understand that if you leave the employment of the Company, you will continue to be responsible for the outstanding balances on the accounts. You must notify us immediately to close the accounts and prevent further usage.
Before we approve you for a credit card, we will review your credit report, the Company's financial information, and the information you provide with your response to confirm that you meet the criteria for this offer. Based on this review, you may receive a card with different costs or you may not receive a card. We may request additional information for a credit line above $25,000.
If an account is approved, all cardmembers will have access to 100% of the approved credit limit. If you would like to set spending limits on any cardmembers, please contact our Cardmember Service Department after the account has been opened. By becoming a Visa Business Card cardmember, you agree that the card is being used only for business purposes and that the card is being issued to a public or private company including a sole proprietor or employees or contractors of an organization.
You must be at least 18 years old to qualify (19 in AL and NE).
We reserve the right to change the benefit features associated with your card at any time.
Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all customers, and that credit reporting agencies maintain separate histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with the law.
Balance Transfer Option: The Visa,® MasterCard,® Discover,® American Express® or any store card account(s) you list will show a credit, reducing the amount you owe them by the amount you transferred. The available credit on your new account will be reduced, just as if you had made a purchase. The balance transfer amount(s) will show up on your initial statement for your new account. Your other credit card account(s) will not be closed even if you transfer your entire balance(s). If you want to close an account, please contact the other credit card company directly. It may take up to three weeks to set up your account and post the balance transfers. Therefore, you may need to make payments to your other account(s) to keep them current. Balance transfers are contingent upon issuance of your new account. There will be a transaction fee for each balance transfer if one is disclosed in the Pricing Information that accompanies this offer. We may decline to process any full or partial balance transfer request and will not process a balance transfer request from any other account or loan that we or any of our affiliates issued, or balance transfer checks made out to cash or to any cardmember. In the event that your request(s) exceed the amount we approve to process, we will fulfill your requests in numeric order as listed in your response. We may not use your total credit line when honoring balance transfers. You agree that all transferred balances consist of business-related expenses.
Replying to this offer: If you omit any information on the form, we may deny your request for an account. If applicable, Chase cardmembers who currently have or have had a Chase credit card in any Rewards Program associated with this offer or have received a similar bonus offer, may not be eligible for a second Chase credit card in the same Rewards Program, or for any bonus offer. Chase cardmembers currently receiving promotional pricing, or Chase cardmembers with a history of only using their current or prior Chase card for promotional pricing offers, are not eligible for a second Chase credit card with promotional pricing. You must have a valid permanent home address, and the Company must be headquartered, within the 50 United States or the District of Columbia. The information about the costs of the card described in this form is accurate as of 2/22/2010. This information may have changed after that date. To find out what may have changed, call 1-800-346-5538.
USA Patriot Act: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
© 2010 JPMorgan Chase & Co.