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VISA Small Business Rewards Credit Card

This program is issued and administered by TCM Bank, N.A. This information is accurate as of November 1, 2018. The variable rates, the fees, and the terms are subject to change. To find out if any rates, fees or terms have changed, please write to: TCM Bank, N.A. P. O. Box 31537, Tampa, FL 33631.

INTEREST RATES AND INTEREST CHARGES

Introductory Annual Percentage Rate (APR) for Purchases and Balance Transfers: 0% Introductory APR applies for the first six billing cycles from date of account opening.* When the Introductory Period ends, your APR will change to the Standard APR.
Standard Annual Percentage Rate (APR) for Purchases and Balance Transfers: 13.99% to 23.99%, based on your creditworthiness. Your APR will vary with the market based on Prime Rate.**
APR for Cash Advances 25.99%. Your APR will vary with the market based on Prime Rate.**
How to Avoid Paying Interest on Purchases Your due date is at least 23 days after the close of each billing cycle. You will not be charged 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 $1.00.

FEES

Annual Fee None.
Transaction Fees:
Balance Transfer

Cash Advance

Foreign Transaction
3% of each balance transferred. Waived for balance transfers at time of account opening.
Either $10 or 3% of each cash advance, whichever is greater.

If the merchant is outside of the U.S., the fee is:
a) 3% of the U.S. dollar amount of the transaction, if converted from a foreign currency,
b) 2.8% of the U.S. dollar amount of the transaction, if made in U.S. dollars.
Penalty Fees:
Late Payment



Returned Payment
$19 on balances less than $100;
$29 on balances $100 and over but less than $250;
$39 on balances of $250 or more.

$35.
Over Limit Fee $39.
*Loss of the Introductory APR: If you make a late payment, or make a payment that is returned unpaid, we may end your Introductory APR for Purchases and Balance Transfers and apply the standard Purchase and Balance Transfer APR. **We add a margin to the Prime Rate to determine variable APRs. We use the highest Prime Rate listed in The Wall Street Journal on the last business day of the calendar month prior to your statement closing date (for example, if your statement closed on March 15, we would use the Prime Rate in effect on February 28 for your current statement period that covers February 16 – March 15 period). APRs shown here are based on the 4.75% Prime Rate in effect on May 1, 2018. For each billing period, the APR is determined by adding a margin to the Prime Rate.    

TERMS AND CONDITIONS

  When you ("you" or "your" mean the owner, officer, or partner of the Business with the authority to bind the Business) complete the Application for a business card form TCM Bank, N.A. ("TCM", "we", or "us), you agree to the following:
  1. YOU REPRESENT AND WARRANT THAT ALL CARDS ISSUED ON THE ACCOUNT WILL ONLY BE USED FOR COMMERCIAL OR BUSINESS PURPOSES.
  2. You agree to be jointly and severally liable with the Business for all charges to the account including those charges by Authorized Users. This means that you will be personally liable for all balances incurred on all cards and accounts issued pursuant to the Application now or whenever such additional accounts may be established in the future and that the Business is jointly liable for all cards issued in the Business name and/or at the request of the Business. If you leave the Business, you will continue to be responsible for the outstanding balances on the account. You must notify us immediately to close any accounts and prevent further usage.
  3. You represent that information you provide on the application is accurate. You authorize us to verify this information and to obtain and use business and consumer credit reports in connection with your request for an account and any update, renewal or extension of credit we may extend to you. You authorize us and our Affiliates to exchange information as permitted by law. If you request, we will tell you if a credit report was requested and, if so, the name and address of the consumer reporting agency which furnished the report.
  4. You must notify Authorized Cardholders that we may obtain, provide and use information about them and that their use of the account is subject to the terms of the Business Card Loan Agreement.
  5. If an account is opened, you will receive a Business Card Loan Agreement with your card(s). When you use the account or any card, authorize their use, or make any payment on the account, you agree to the terms of the Business Card Loan Agreement and any future revisions of the Business Card Loan Agreement.
  6. You authorize us to allocate your payments and credits in a way that we determine.
  7. You agree that we may change the terms of, or add new terms to, the Business Card Loan Agreement at any time. We may apply any changes or new terms to any existing or future balances on your account.
  8. Only qualified individuals at least 18 years old may be approved for an account.
  9. Your Business Card Loan Agreement contains an arbitration provision, which impacts your opportunity to have disputes related to your account heard in a court or by a jury, and to participate in a class action or similar proceeding.