one percent (1%) of the U.S. dollar amount of any international transaction, whether that transaction
must agree not to use the Account. All amounts outstanding on the Account will be immediately due
where you reside. At your request, we will advance the first $250 of the filing and hearing fees for any
was originally made in U.S. dollars or was made in another currency and converted to U.S. dollars by
and payable without notice or demand.
Claim you may file against us. The arbitrator will decide whether we or you will ultimately pay those
Visa or MasterCard. In either case, the 1% will be calculated on the U.S. dollar amount provided to us
(c) If you fail to pay any amount you owe under this Agreement, you will be liable for our costs of
fees. The arbitrator shall apply applicable substantive law consistent with the FAA and applicable
by that entity. The same process and charges may apply if any international transaction is reversed.
collecting. In addition, if we refer our claim to an attorney for collection, you will be liable for reasonable
statutes of limitation, and shall honor claims of privilege recognized at law. Judgment upon the award
attorney's fees we incur and expenses of any legal actions.
rendered by the arbitrator may be entered in any court having jurisdiction. This Arbitration Provision
YOUR LEGAL RESPONSIBILITY IN THIS AGREEMENT
28. Assignment of Your Account to Another Creditor We may assign, sell or transfer your
shall survive repayment of your extension of credit and termination of your Account. The arbitration
19. Responsibility to Pay: You agree to pay us for all Purchases, Advances, Balance Transfers, Finance
Account and amounts owed by you to another creditor at any time. If we do, this Agreement
provision shall be governed by the Federal Arbitration Act, U.S.C. §1 through §6.
Charges, Account Fees and charges, any other transaction charges as provided in this Agreement and,
will still be in effect unless and until amended and any references made in this Agreement
to the extent permitted under applicable law, attorneys fees and collection costs we incur enforcing
to "we", "us", "our" or "the Bank will refer to the creditor to which we assigned, sold or
YOUR BILLING RIGHTS KEEP THIS NOTICE FOR FUTURE USE
this Agreement against you. This is the case even if the Account is only used by you, or someone to
transferred the Account or amounts owed under the Account. You may not delegate your
This is important information about your rights and our responsibilities under the Fair Credit Billing Act.
whom you've given access to the Account.
obligation and responsibilities to us to any third party without our express written consent
NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL
20. Liability for Charges: You are individually liable and you and the individual or co-obligor(s) who
If you think your bill is wrong or you need more information about an item or transaction on your monthly
accepted the application for credit, if any, are jointly liable for all charges to the Account including,
THE BANK'S LEGAL RIGHTS AND OBLIGATIONS
billing statement YOU MUST WRITE TO US ON A SEPARATE SHEET OF PAPER AND SEND IT TO:
without limitation, all fees and finance charges.
29. Collecting Credit Information About You: You authorize us to make any credit, employment and
Credit Card Department
21. Intent to Repay: Every time you use the Account, you represent to us that you intend and have
Visa Platinum
investigative inquiries we feel are appropriate related to giving you credit or collecting amounts owed on
Hills Bank and Trust Company
the reasonable ability to repay your Account obligations. We rely on that representation every time
your Account. You agree that a consumer credit report or business bureau file request, as applicable,
131 Main Street
you use the Account.
may be requested periodically from one or more credit reporting agencies (credit bureaus) and used
P.O. Box 160
22. Settling Disputed Balance: Payment in Full you want to settle a disagreement with us about
in connection with your application and any update, renewal or extension of credit. We may provide
Hills, lowa 52235
any amount you owe by sending check on which you have written "Payment in Full' or similar language,
information about you, your Account or your credit history to credit reporting agencies and others who
Write to us as soon as possible. We must hear from you no later than 60 days after we sent you the
you must send us a written explanation of the disagreement and dispute and send such check to:
may properly receive that information.
first bill where the error or problem appeared. You can telephone us, but doing so will not preserve
Rewards
Credit Card Department
30. Credit Bureau Disputes: If you believe we inaccurately reported credit history information about
your legal rights under the Fair Credit Billing Act. In your letter, include the following information:
Hills Bank and Trust Company
you or the Account to credit bureau, call us at 1-800-445-5725 or write to us at:
(1) Your name and Account number:
131 Main Street
Credit Card Department
(2) the dollar amount of the suspected error;
P.O. Box 160
Hills Bank and Trust Company
(3) the date the transaction occurred (if possible); and
Hills, lowa 52235
131 Main Street
(4) describe the error, and explain, if you can, why you believe there is an error. If you need more
(See "Your Billing Rights' section for complete details.) Writing "payment in full" or similar language on
P.O. Box 160
Credit Card
information, describe the items you are not sure about. If you have authorized us to pay your credit
the check will not be enough to resolve the dispute. If we collect a check or any payment instrument
Hills, lowa 52235
card bill automatically from your savings or checking account, you can stop the payment on any amount
marked "Paid in Full" that you send without a written explanation of the disagreement or dispute, we will
31. Refusal to Honor Transactions: The Bank and its agents are not responsible if anyone refuses
you believe is wrong. To stop the payment, your letter must reach us three business days before the
not have waived our right to collect any remaining amount you owe us under the terms of the Account.
to honor your Card or a Convenience Check, or if authorization for particular transaction is not given.
automatic payment is scheduled to occur.
23. Default: You and the Account will be in default if:
Although you may have credit available under the Account, we may be unable to authorize credit for
(a) you do not make the Minimum Payment by the Payment Date (disclosed on the monthly Account
a particular transaction. The number of transactions you make as well as the dollar amount you may
YOUR RIGHTS AND RESPONSIBILITIES AFTER WE RECEIVE WRITTEN NOTICE
statement as the Payment Date);
withdraw from or charge to your Account in one day may be limited, and the limit per day may vary.
We must acknowledge your letter within 90 days, unless we have corrected the error by then. Within
Agreement
(b) you violate any other provision of this Agreement;
These restrictions are for security reasons. And, as result, we cannot explain the details of how this
90 days, we must either correct the error or explain why we believe the statement was correct.
(c) you become insolvent, assign any property to your creditors or go into bankruptcy or receivership;
system works. If your Account is over limit or delinquent, authorization of credit for transaction may
After we receive your letter, we cannot try to collect any amount you questioned or report your
(d) you have made false statements affecting the application or maintenance of your Account;
be declined. We are not responsible for anything purchased with your Card or Convenience Check,
Account as delinquent. We can continue to bill you for the amount you questioned, including Finance
(e) you go over your Credit Limit:
except as expressly required by applicable law (see "Your Billing Rights' section for more details.)
Charges, and we can apply any unpaid amount against your Credit Limit. You do not have to pay
(f) we have any reason to believe that the Account is in danger of. or is being used for fraud; or
You must return goods you purchased with the Card or Account to the Merchant and not to us. Third
any questioned amount while we are investigating, but you are still obligated to pay the parts of your
(g) anything happens that we believe in good faith materially increases the risk that you will not live up
party offers: From time to time. third parties may provide you with benefits not related to the extension
Account that are not in question.
to your payment and other obligations under this Agreement.
of Account credit. We are not liable for these features, services and enhancements, as they are the
If we find that we made a mistake on your bill. you will not have to pay any Finance Charges related
If you are in default, we may, to the extent permitted by applicable law, set-off and withdraw any portion
sole responsibility of the third party provider. The Bank and/or third party may add. change or delete
to the questioned amount. If we did not make a mistake, you may have to pay Finance Charges and
or all of the amount due under your Account Agreement against any balance, credit, deposits, accounts
entirely these benefits without notice or liability to you, to the extent permitted by applicable law. You
you will have to make up any missed payments on the questioned amounts. In either case, we will
or other property of yours in our possession, after giving you any notice required by applicable law.
agree to hold us harmless from any claim, actions or damages resulting from your use of any of these
send you a statement of the amount you owe and the date that is due.
Should the obligation fall delinquent, and a judgment is obtained then the judgment shall accrue interest
features, services, or enhancements, when permitted by applicable law.
If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if
at the rate of 18.00% per annum until the judgment is paid in full.
32. Telephone Monitoring: From time to time, we may monitor telephone calls you make to us or
our explanation does not satisfy you and you write us within ten days telling us that you still refuse to
24. Illegal Purchases: The Card must not be used for any unlawful purpose, such as tending any
our agents.
pay, we must tell anyone we report you to that you have a question about your bill. And we must tell
account that is set up to facilitate online gambling. You agree that you will not use or knowingly permit
33. Severability: If a court of competent jurisdiction finds any part of this Agreement illegal or
you the name of anyone we reported you to. We must tell anyone we report you to that the matter
another to use the Card or Account for any transaction that is illegal under applicable law.
unenforceable, the remaining portions of the Agreement will remain in effect as written after any such
has been settled between us when it finally is.
illegal or unenforceability porting is amended in compliance with applicable law or, if necessary, voided.
THE BANK'S LEGAL RIGHT TO CHANGE OR CANCEL THIS AGREEMENT
SPECIAL RULES FOR CREDIT CARD PURCHASES
34. Entire Agreement: This version of the Agreement replaces any previous versions of the Agreement.
25. Ownership of this Account: Governing Law: Your Card and any other Account access devices
The Agreement, as modified by any change in terms we may deliver from time to time in accordance
If you have problem with the quality of property or services that you purchased with your credit card,
Hills Bank
that we supply to you are our property, and must be immediately returned to us or otherwise destroyed or
with applicable law, constitutes the entire agreement between you and us, and supersedes any prior
and you have tried in good faith to correct the problem with the Merchant, you may have the right not
surrendered as we instruct. We extend all Account credit to you and from the State of lowa, regardless
negotiation or understanding between you and us concerning the subject matter of the Agreement.
to pay the remaining amount due on the property or services. There are two limitations on this right,
of where you reside or use the Account. This Agreement is governed by lowa law, and, to the extent
35. Waiver: We do up our rights under the Agreement or applicable law when we fail to exercise
and both must apply:
and Trust Company
necessary for interest exportation or consumer protection purposes, by federal law, regardless of the
or delay exercising these rights. Our failure or delay to exercise any right or remedy we have against
(1) You must have made the purchase in your home state or, if not within your home state within 100
internal conflict of law principles of the state where you reside or use the Account. If dispute arises
miles of your current mailing address; and
Member FDIC hillsbank.com
you does not mean that we waive that right.
and you file lawsuit against us, service or process must be made on the Bank at the following address:
36. Arbitration: In requesting an Agreement from us and accepting the Agreement, you agree that if
(2) The purchase price must have been more than $50.
Credit Card Department
a dispute of any kind arises out of this Agreement, either you or we may choose to have that dispute
The conditions do not apply if we own or operate the merchant or if we mailed you the advertisement
Hills Bank and Trust Company
resolved by binding arbitration. If arbitration is chosen by any party, neither you nor we will have the
for the property or services.
Credit Card Department
131 Main Street
SPECIAL RU FOR CREDIT CARD PURCHASES DO NOT APPLY TO PURCHASES MADE WITH
right to litigate that claim in court or to have jury trial on that claim, or to engage in pre-arbitration
P.O. Box 160
CONVENIENCE CHECKS OR BALANCE TRANSFER CHECKS.
131 Main St PO Box 160
discovery, except as provided for in the arbitration rules. In addition, you will not have the right to
Hills, lowa 52235
participate as a representative or member of any class of claimants pertaining to any claim subject to
Hills Bank and Trust Company
26. Changing the Agreement: The Bank may change all or any part of this Agreement at any time,
arbitration. The Arbitrator's decision will generally be final and binding. Other rights that you would
Credit Card Department
Hills, IA 52235
including changing the APR and other fees on the Account, unless prohibited by law. We will give
131 Main Street
have if you went to court. may also not be available in arbitration. important that you read the entire
at least 30 days notice before the effective date of any change. On the effective date, the changes,
P.O. Box 160
Arbitration Provision carefully before accepting the terms of this Agreement.
1-800-445-5725
including any changes in APR or recalculation of Finance Charges, will apply to all amounts you owe at
Hills, lowa 52235
Any claim, dispute or controversy (whether in contract. regulatory, tort or otherwise, whether pre-existing,
the time the change goes into effect. If you do not agree to the changes, you must notify us in writing
1-800-445-5725
present or future and including constitutional, statutory, common law, intentional tort and equitable
within 25 days after the effective date of the change; you also must pay any remaining amount due
claims) arising from or relating to (a) the card it offered or provided to you; (b) the actions of you, or
and destroy the Card. You may pay the remaining amount all at once or the Bank may allow you to
third parties; or (c) the validity of this arbitration provision individually and collective, (a "Claim") must,
We may report information about your account to credit bureaus. Late payments, missed payments
continue making payments under the existing terms. Otherwise, you will have agreed to the changes
after an election by you or us, be resolved by binding arbitration in accordance with this arbitration
or other defaults on your accounts may be reflected in your credit report.
in the notice. Use of the Account after the effective date of the changes shall be deemed acceptance
provision and the Commercial Arbitration Rules of the American Arbitration ("AAA") in effect
Rev. 6/10
of the new terms, even if the 25 days have not expired.
when the Claim is filed (or, in the event this arbitrator or these arbitration rules are no longer available,
27. Cancellation:
then a comparable substitute arbitration procedure and/or arbitration organization that does business
(a) The Bank may cancel the Account or suspend credit privileges immediately and without notice if
on a nationwide basis). There shall be no authority for any Claim to be arbitrated on a class action
the Account is in default. We may also cancel the Account in our sole discretion (even if the Account
basis. An arbitration can only decide our or your Claim and may not consolidate or join the claims
is not in default) by providing notice to you. You may cancel the Account by providing notice to us.
of other persons who may have similar claims. You may obtain rules and forms by calling the AAA
(b) After cancellation of the Account, you will not be able to obtain additional credit on the Account and
at 800-778-7879. Any arbitration hearing that you attend will take place in the federal judicial district
This is card member agreement and disclosure statement ("Agreement" between you and Hills Bank
to as "interest" here and on your monthly Account statement); (b) Advance transaction fees: and (c)
the APR divided by 12 months) to the Average Daily Balance of Purchases, which is determined by
transactions which will be provided upon your request for an agreed upon fee.
and Trust Company containing the terms that will apply to your Hills Bank Visa Platinum Rewards
any other transaction fees that are considered Finance Charges. In some of the following sections we
dividing the sum of the daily balance of Purchases during the billing cycle by the number of days in
(h) International Transactions: Currently a 1.0% fee is assessed only on international transactions
("Account"). In this Agreement, "you" and "your" means each individual accepting a solicitation or
have abbreviated the terms "monthly periodic rate" as MPR, "average daily balance" as "ADB", and
the cycle. Each daily balance is the principal balance including current cycle Purchases and payments
when a currency conversion occurs. This fee is unchanged. Effective July 1st, 2008, Visa will also
applying for the Account or otherwise agreeing to be responsible for the Account. "We", "us", "our"
"annual percentage rate' as "APR".
and credits as received, but excluding any unpaid Finance Charges.
impose 0.8% fee on foreign transactions where a currency conversion is not performed.
and "the Bank means Hills Bank and Trust Company, the issuer of the Card and your Account creditor.
Cash Advances (Method
Other terms are defined in the text of the Agreement. Please read this Agreement carefully and keep
Interest Rates and Interest Charges
A Finance Charge will be imposed on Advances from the date of the Advance or from the first day of
IMPORTANT INFORMATION ABOUT USING YOUR ACCOUNT
it in a safe place to make the best use of the Hills Bank credit card (the "Card") we issue with this
the billing cycle in which the Advance is posted to the account, whichever is later, and will continue
13. Credit Limit: The Account Credit Limit is the maximum amount of credit available and the maximum
Account. The Agreement becomes effective as soon as you or someone authorized by you uses the
Annual Percentage Rate
Card or Account, but no later than 30 calendar days after we issue and you fail to return the Card.
10.25% 14.25%
to accrue until the date of payment. The Finance Charge for a billing cycle is computed by applying
amount that you may owe under the Account at any time. You may not request or obtain additional
when
the Monthly Periodic Rate (which is the APR divided by 12 months) to the Average Daily Balance
Purchases, Advances or Balance Transfers once you have reached your Credit Limit. The initial
(APR) for Purchases/
you open your account based on your credit
and Advances which is determined by dividing the sum of the daily balances of Advances during the
Credit Limit is shown on the Card carrier and will also appear on your monthly Account statement.
ACCOUNT FEATURES AND YOUR USE OF THE ACCOUNT
Balance Transfers
1. Use: Charging privileges on the Card and Account are provided by the Bank pursuant to the terms
worthiness. This APR will vary with the
billing cycle by the number of days in the cycle. Each daily balance is determined by adding to the
We reserve the right to review your Account at any time and increase or decrease your Credit Line.
Previous Balance (the outstanding balance of your account at the beginning of the billing cycle) any
You may not increase your Credit Limit by carrying a credit balance over the Credit Limit we make
of this Agreement. Charge activity, Account status, and any Account delinquency information will
market based on the Prime Rate.
Purchase as of the date it is posted to your account and any advances as of the transaction date
available to you. (Also see the "Advance Limits' section for more information about Limits on Advance
be provided to you monthly. You may use the Card to obtain an Advance (as defined below) from a
or the first day of the billing cycle in which the Advance is posted to the account, whichever is later,
transactions section.)
participating financial institution or ATM (Automated Teller Machine). You may use the Account only
APR for Cash Advances
14.25% this APR will vary with the market
and subtracting all payments as received and credits as posted through that date, but excluding any
14. Payment:
for personal, family or household purposes.
based on the Prime Rate.
unpaid Finance Charges.
(a) Promise to Pay: You agree to pay for all Purchases, Advances, Finance Charges, fees and any
2. Your Acceptance of the Agreement: By accepting, signing or using this Card or Account, or
Any Finance Charge shown on your monthly statement is computed only through the last date of the
other obligations incurred on the Account.
by continued use of an existing Card or Account. you are agreeing to the terms of this Agreement.
How to Avoid Paying
Your due date is at least 25 days after the
Billing Cycle. Since Finance Charges continue to accrue until the date your payment is received and
(b) Method of Payment: You must pay us in U.S. dollars with checks or similar payment instruments
3. Account Purchases: You may use the Account to buy, lease or otherwise obtain goods or services
Interest on Purchases
close of each billing cycle. Hills Bank will not
posted to your Account, additional Finance Charges may appear on the following month's statement
drawn on a financial institution located in the United States. We may, at our option, choose to make
from participating merchants (including transactions you initiate via email, by telephone or over the
charge you any interest on purchases if you
The amount of the Finance Charge and the Advance Fee may be changed from time to time. There
an exception and accept a payment drawn on a foreign bank. However, you will be charged and
Internet) or take advantage of special promotional Convenience Check or Balance Transfer offers that
pay your entire balance by the due date each
is a minimum Finance Charge of 50 cents in any billing cycle in which a Finance Charge is due.
agree to pay any collection fees required in connection with such a transaction. The date you mail a
post as Purchase Transactions ("Purchases"). We will, in connection with any promotional Balance
11. Grace Period: You have a 25-day grace period for Purchases (including any promotional Balance
payment is different than the date we receive payment. For purposes of this Agreement, the payment
Transfer or Convenience Check offer we make, provide you with materials that explain whether those
month.
Transfers or Convenience Checks that will post as Purchases), provided you have paid your Previous
date is the day we receive your check or money order at the address specified on your monthly Account
transactions will post and be treated as a Purchase. Even if you have not signed a sales draft or the
Balance in full by the Payment Due Date shown on your monthly Account statement. In order to avoid
statement. If you mail your payment without a payment coupon or to an incorrect address, it may
merchant has not supplied you with a written receipt or other proof of sale. you are responsible for
If you are charged interest the charge will be
additional Finance Charges on Purchases, you must pay your New Balance in full by the Payment Due
result in a delayed credit to your Account. This may result in additional Finance Charges, fees, and
all Purchases made through the Account, except as expressly limited by applicable law. See "Your
Minimum Interest Charge
Date shown on the front of your monthly Account statement. There is no grace period for transactions
possible suspension of your Account.
Billing Rights' section for more detail.
no less than $0.50.
that post to the Account as Advances. Those transactions are subject to interest from the date they
(c) Minimum Monthly Payment: Each month you must pay at least the Minimum Payment and any
4. Account Advances: Advances are transactions other than Purchases that allow you direct access
To learn more about factors to consider when
post to the Account until the date they are paid in full.
past due Minimum Payment by the Payment Due Date shown in your monthly Account statement.
to funds available through your Account. Advances may include Account transactions such as cash
For Credit Card Tips from
Your Minimum Payment for Purchases and Cash Advances is 3%, rounded up to the nearest dollar,
advances you obtain directly from us, other participating financial institutions or ATMs, Telephone
the Federal Reserve Board
applying for or using a credit card, visit the
of the total Purchase and Cash Advance balance (excluding late payment), or $25.00 whichever is
Transfers, Balance Transfers, or Convenience Checks. Monthly Account statements we issue may
website of the Federal Reserve Board at
Fees
greater. In addition, your Minimum Payment will include all amounts delinquent, and amounts in excess
refer to Advances as "Advance", "Cash", "Cash Advances' or by the product or device you used to
http://www.federalreserve.gov/creditcard.
of your credit limit. If your outstanding Purchase and Cash Advance balance is less than $25.00 then
obtain an Advance. You may use your Account to obtain cash either by presenting your Card at any
Annual Fee
$15.00 charged on
the entire balance is due. You also may pay the entire balance on your Account at any time or pay
bank or other financial institution that accepts the Card or by making a withdrawal of cash at an ATM.
How we will calculate your balance: We use a method called "average daily
We may restrict the amount of the credit limit that is available for Advances. If an Advance limit greater
anniversary date of the card.
any amount between the Minimum Payment and your entire balance. Any changes in your Minimum
than the percentage available is requested, it will be subject to credit approval. You may be limited
balance (including new purchases)"
Payment due will be reflected on your monthly statement in the month in which the Minimum Payment
in
Transaction Fees
due is affected. However, in all cases, you may continue to pay any amount equal to or greater than
the amount and/or number of Advances you may make on your Account
Either $5.00 or 3.00% of the
the Minimum Payment due.
5. Convenience Checks: From time to time, we may supply Convenience Checks for use by the
9.1 Interest Rate The APR will be determined by adding the following margins to the Prime Rate:
Cash Advance
7%, 8%, 10% or 11% The margin you receive is dependent upon underwriting and credit score
amount of each cash advance,
(d) Application of Payment: We may allocate payments to amounts owed on your Account in the
person(s) named on those checks. Convenience Checks are drafts that look like other checks, but
requirements. Your rate of margin has been determined by adding percentage points
%)
whichever is greater, with a
manner we deem appropriate, including but not limited to. applying payment to promotional balances,
are drawn on credit available in the Account. We may, based on the particular offers we make from
to the Prime Rate in respect of the Account for the billing cycle. The Prime Rate used to calculate the
such as Balance Transfers, before applying them to Purchases and Advances.
time to time, provide Convenience Checks that will post and be treated as an Advance or Convenience
maximum fee of $15.00.
APR will be the Prime Rate on the 15th day of each month or the first regular business day thereafter
Foreign Transaction
15. Change of Address: Your monthly Account statements and notices about your Account will be
Check that will post and be treated as a Purchase. We will, in connection with any Convenience Check
1.0% when a currency conversion
sent to the address you provided in your application or your response to our Account solicitation. To
we provide, include materials that explain whether the Convenience Check will post and be treated as
as published on that business day in the Money Rates column of The Wall Street Journal ("WSJ").
The APR may increase if the Prime Rate increases. An increase will take effect the day after your
occurs. 0.8% when a currency
change your address, you must call us at 1-800-445-5725 or write to us at the following address:
an Advance or as a Purchase. Convenience Checks must be written in U.S. dollars. We may return
Credit Card Department
a Convenience Check unpaid if:
statement cycles following the 15th of the month. An increase will result in an increase in the finance
conversion is not performed.
Hills Bank and Trust Company
(a) the credit available under your Credit Limit is less than the Convenience Check amount:
charge and it may have the effect of increasing your periodic minimum payment. The APR will not
131 Main Street
(b) the Account is in default; or
change more often than once a month. A decrease will have the opposite effect of an increase. If the
Penalty Fees
Penalty Fees
P.O. Box 160
(c) the Convenience Check is improperly signed or otherwise fails to conform to our
Prime Rate changes more frequently than the APR, we will always use the Prime Rate in effect on
Late Payment
$27.00
Hills, lowa 52235
regularly accepted standards for check payment. Convenience Checks may not be used
the day we adjust the APR to determine the new APR. In such case we will ignore any changes in
We must receive this information 15 days before the date billing cycle closes to provide your Monthly
the Prime Rate that occur between APR adjustments. Any rate change will be applied to all balances
Returned Payment
$27.00
to pay the Account or any obligation you owe us or our affiliates.
Account statement at your new address. Note: If you have an address change within 45 days of the
6. Paying and Stopping Payment on Convenience Checks: You must use the number and address
carried forward from the last statement. We reserve the right to choose a comparable new index if the
Returned Convenience Check
$35.00
expiration date of your Card(s), please contact Customer Service at
provided in the "Lost or Stolen Card or Convenience Checks" section below to request that payment be
WSJ ceases to publish a Prime Rate.
1-800-445-5725 with that information so your new Card(s) can be mailed to your new address.
stopped on a Convenience Check. You must call us promptly with an oral stop payment request and
9.2 Interest Rate for Cash Advances: The MPR and the corresponding variable APR will be determined
16. Authorized Use: You agree not to give your Card to anyone else or to authorize anyone to use the
then provide us with written confirmation of the stop payment request within 14 calendar days. Any
by adding eleven percentage points (11.0%) to the Prime Rate in respect to the Account for the billing
Account. If you give your Card or Account number to someone and they use either, you will be liable
stop payment request we receive will remain in effect for 6 months, unless you renew the request in
cycle. The Prime Rate used to calculate the APR will be the Prime Rate on the 15th day of each month
12. Account Fees: You agree to pay the following Account fees and Finances Charges:
for any charges that the person incurs.
writing before the end of that time. We may pay Convenience Checks more than 6 months old. There
or the first regular business day thereafter as published on that business day in the Money Rates
(a) Advance Fee: We will add al Finance Charge to the Advance balance of the Account
17. Lost or Stolen Card or Convenience Checks: You must notify us immediately if your Card or
may be circumstances under which a Convenience Check must be paid, eveni we have received stop
column of The Wall Street Journal ("WSJ"). The APR may increase if the Prime Rate increases.
in the form of the Advance Transaction Fees disclosed below for each Advance you obtain during a
Convenience Checks are lost or stolen or there is possible unauthorized use of your Card or Account.
payment request from you. We will not be liable to you we do not honor your stop payment request
An increase will take effect the day after your statement cycles following the 15th of the month. An
billing cycle. The fees imposed will equal the greater of the fees based on disclosed percentage of
You will not be liable in excess of $50 for any loss, theft or loss for purchase charges that occur after
under those circumstances. If is determined that a Convenience Check should have been paid, but
increase will result in an increase in the finance charge and may have the effect of increasing your
each Advance of the minimum dollar amount, shown below.
notification to the Bank. You must notify the Credit Card Department by phone at 1-800-445-5725,
was not, we will not be liable for any consequential, punitive or incidental damages we acted in good
periodic minimum payment. The APR will not change more often than once month. A decrease will
RECEIVED
PERCENTAGE
MINIMUM
or 1-800-423-7503 or in writing to:
faith. Our only obligation under those circumstances will be to pay the designated payee the amount
have the opposite effect of an increase. If the Prime Rate changes more frequently than the APR, we
FROM:
OF CASH FEE
MAXIMUM:
Credit Card Department
of the Convenience Check and cancel any charges assessed against your Account as a result of any
will always use the Prime Rate in effect on the day we adjust the APR to determine the new APR. In
FINANCIAL INSTITUTION
3%
$5.00
Hills Bank and Trust Company
wrongful failure to honor the Convenience Check.
such case we will ignore any changes in the Prime Rate that occur between APR adjustments. Any rate
ATM
$15.00
131 Main Street
7. Balance Transfers: We may permit you transfer balances from other companies, including financial
change will be applied to all balances carried forward from the last statement. We reserve the right to
(b) Annual Membership Fee: $15.00
P.O. Box 160
institutions. However, you cannot make Balance Transfers from the Bank accounts. The amount of
choose a comparable new index if the WSJ ceases to publish a Prime Rate. The Annual Percentage
(c) Late Fee: We will add Late Payment Fee of $27.00 to the Purchase balance of the Account if your
Hills, lowa 52235
Rate will never decrease below 12.00%
your total Credit Limit which we may allow to you for a Balance Transfer reduces the amount of the
Minimum Payment is not received by the Payment Due Date shown on the monthly Account statement.
If this happens, we will ask you and all other persons given Account access to return all Cards and
Credit Limit available for Purchases and Advances. Finance Charges on your Balance Transfers accrue
10. Interest Finance Charge: Finance Charges on your Account for Purchases and Advances are
(d) Returned Check Fee: We will add a Returned Check Fee of $27.00 to the Purchase balance of the
unused Convenience Checks to our Credit Card Department. In addition, we have the right to close
from the date of transfer to your Account. If you reach your limit on the amount of credit we allocate to
calculated separately.
Account if draft or check you give us as payment on the Account is not honored or we must return
your Account and open a new Account. If we do so, new Cards and Convenience Checks will be
you for one or more Balance Transfers, you may not transfer additional balances even if you have not
Purchases (Method G)
it to you because it cannot be processed. A check that is returned unpaid may be sent for collection.
issued for your new Account.
reached your total Credit Limit. Balance Transfers will post to the Account and be separately reflected
A finance charge will be imposed on purchases only if you elect not to pay the entire New Balance
(e) Returned Convenience Check Fee: We may charge a fee of $35.00 to the Purchase balance of
18. U.S. Currency: If you make a purchase or cash advance in foreign currency the transaction will
on the monthly Account statements as a Balance Transfer, or. depending upon the offer, may post to
shown on your previous monthly statement within 25 days from the closing date on the statement.
the Account you write a Convenience Check that we do not honor under the terms of this Agreement.
be converted into U.S. Dollars by Visa.
the Account and be treated as a Purchase, or as an Advance transaction.
If you elect not to pay the entire New Balance shown on your previous monthly statement within 25
(See "Convenience Checks", and "Paying and Stopping Payment on Convenience Checks sections
For Visa Accounts: To the extent that you have used your Visa card to purchase goods or services,
days from the closing date on the statement, a finance charge will be imposed on the unpaid balance
for more details).
or obtain cash in another country, your statement may reflect the conversion into U.S. dollars of
FINANCE CHARGES AND ACCOUNT FEES
of purchases from the statement closing date (including new purchases) and will continue to accrue
(f) ATM Surcharges: When you use an ATM not owned by us, you may be charged a fee by the ATM
transactions that occurred, initially, in a different currency. The exchange rate applied to such
8. Account Finance Charges: Finance Charges reflect the cost of credit. Your total Finance Charge
until the closing date of the billing cycle preceding the date on which the entire new balance is paid in
owner or network used to complete the transaction and you may be charged for a balance inquiry.
transactions is (i) wholesale market rate or (ii) government-mandated rate in effect one day prior
for any billing cycle will equal the amount of any (a) periodic rate Finance Charges (sometimes referred
full or until the date of payment if more than 25 days from the closing date.
(g) Card Usage Reports Fee: We may offer additional reports regarding Card usage and Account
to the processing date, increased by one percent. We reserve the right to charge you an additional
The Finance Charge for billing cycle is computed by applying the Monthly Periodic Rate (which is
Credit Card Addendum - Visa Platinum Rewards
Hills Bank determines rate of margin by these underwriting criteria:
-
Credit Score
- Income
-
Debt to Income Ratio
Depending on the underwriting and credit score requirements your variable interest rate
will be based on the prime rate plus a margin of 7 percent, 8 percent, 10 percent, or
11 percent.