(See "Your Billing Rights' section for complete details.) Writing "Payment in Full' or similar
credit or collecting amounts owed on your Account. You agree that a consumer credit
the arbitrator may be entered in any court having jurisdiction. This Arbitration Provision
language on the check will not be enough to resolve the dispute. If we collect a check or
report or business bureau file request, as applicable, may be requested periodically from
shall survive repayment of your extension of credit and termination of your Account. The
any payment instrument marked "Paid in Full" that you send without a written explanation
one or more credit reporting agencies (credit bureaus) and used in connection with your
Arbitration Provision shall be governed by the FAA, 9 U.S.C. §1 through §6.
of the disagreement or dispute, we will not have waived our right to collect any remaining
application and any update, renewal, or extension of credit. We may provide information
amount you owe us under the terms of the Account.
about you, your Account, or your credit history to credit reporting agencies and others who
YOUR BILLING RIGHTS KEEP THIS NOTICE FOR FUTURE USE
23. Default: You and the Account will be in default if:
may properly receive that information.
This is important information about your rights and our responsibilities under the Fair
(a) you do not make the Minimum Payment by the Payment Due Date (disclosed on the
30. Credit Bureau Disputes: If you believe we inaccurately reported credit history
Credit Billing Act.
monthly Account statement as the Payment Due Date);
information about you or the Account to a credit bureau, call us at 1-800-445-5725 or write
NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL
(b) you violate any other provision of this Agreement;
to at:
If you think your bill is wrong or if you need more information about an item or transaction
(c) you become insolvent, assign any property to your creditors, or go into bankruptcy
eServices Department
on your monthly billing statement, YOU MUST WRITE TO US ON SEPARATE SHEET
or receivership;
Hills Bank and Trust Company
OF PAPER AND SEND IT TO:
(d) you have made false statements affecting the application or maintenance of your Account:
131 Main Street
eServices Department
(e) you go over your Credit Limit;
P.O. Box 160
Hills Bank and Trust Company
(f) we have any reason to believe that the Account is in danger of, or is being used for
Hills, lowa 52235
131 Main Street
Visa Platinum
fraud; or
31. Refusal to Honor Transactions: The Bank and its agents are not responsible if
P.O. Box 160
(g) anything happens that we believe in good faith materially increases the risk that you
anyone refuses to honor your Card or a Convenience Check, or if authorization for a
Hills, lowa 52235
will not live up to your payment and other obligations under this Agreement.
particular transaction is not given. Although you may have credit available under the
Write to us as soon as possible. We must hear from you no later than 60 days after we
If you are in default, we may, to the extent permitted by applicable law, set-off, and
Account. we may be unable to authorize credit for a particular transaction. The number
sent you the first bill where the error or problem appeared. You can telephone us, but
withdraw any portion or all of the amount due under your Account Agreement against any
of transactions you make as well as the dollar amount you may withdraw from or charge
doing so will not preserve your legal rights under the Fair Credit Billing Act. In your letter,
balance, credit, deposits, accounts, or other property of yours in our possession, after
to your Account in one day may be limited, and the limit per day may vary. These
include the following information:
Rewards
giving you any notice required by applicable law. Should the obligation fall delinquent, and
restrictions are for security reasons. And, as a result, we cannot explain the details of how
(1) Your name and Account number:
a judgment is obtained then the judgment shall accrue interest at the rate of 18.0% per
this system works. If your Account is over limit or delinquent, authorization of credit for
(2) the dollar amount of the suspected error;
annum until the judgment is Paid in Full.
transaction may be declined. We are not responsible for anything Purchased with your
(3) the date the transaction occurred (if possible); and
24. Illegal Purchases: The Card must not be used for any unlawful purpose, such as
Card or a Convenience Check, except as expressly required by applicable law (see "Your
(4) describe the error, and explain, if you can, why you believe there is an error. If you
tending any account that is set up to facilitate online gambling. You agree that you will
Billing Rights" section for more details.) You must return goods you Purchased with the
need more information, describe the items you are not sure about. If you have authorized
Credit Card
not use or knowingly permit another to use the Card or Account for any transaction that is
Card or Account to the Merchant and not to us. Third party offers: From time to time,
us to pay your credit card bill automatically from your savings or checking account, you
illegal under applicable law.
third parties may provide you with benefits not related to the extension of Account credit.
can stop the payment on any amount you believe is wrong. To stop the payment, your
We are not liable for these features, services, and enhancements, as they are the sole
letter must reach us three business days before the automatic payment is scheduled to occur.
THE BANK'S LEGAL RIGHT TO CHANGE OR CANCEL THIS AGREEMENT
responsibility of the third party provider. The Bank and/or third party may add, change,
25. Ownership of this Account; Governing Law: Your Card and any other Account
or delete entirely these benefits without notice or liability to you, to the extent permitted
YOUR RIGHTS AND RESPONSIBILITIES AFTER WE RECEIVE WRITTEN NOTICE
access devices that we supply to you are our property, and must be immediately returned
by applicable law. You agree to hold us harmless from any claim, actions, or damages
We must acknowledge your letter within 90 days, unless we have corrected the error
to us or otherwise destroyed or surrendered as we instruct. We extend all Account credit
resulting from your use of any of these features, services, or enhancements, when
by then. Within 90 days, we must either correct the error or explain why we believe the
Agreement
to you in and from the State of lowa, regardless of where you reside or use the Account.
permitted by applicable law.
statement was correct.
This Agreement is governed by lowa law, and, to the extent necessary for interest
32. Telephone Monitoring: From time to time, we may monitor telephone calls you
After we receive your letter, we cannot try to collect any amount you questioned or report
exportation or consumer protection purposes, by federal law, regardless of the internal
make to us or our agents.
your Account as delinquent. We can continue to bill you for the amount you questioned,
conflict of law principles of the state where you reside or use the Account. If a dispute
33. Severability: If a court of competent jurisdiction finds any part of this Agreement
including Finance Charges, and we can apply any unpaid amount against your Credit
arises and you file a lawsuit against us, service or process must be made on the Bank at
illegal or unenforceable, the remaining portions of the Agreement will remain in effect as
Limit. You do not have to pay any questioned amount while we are investigating, but you
the following address:
written after any such illegal or unenforceability porting is amended in compliance with
are still obligated to pay the parts of your Account that are not in question.
eServices Department
applicable law or, if necessary, voided.
If we find that we made a mistake on your bill, you will not have to pay any Finance
Hills Bank and Trust Company
34. Entire Agreement: This version of the Agreement replaces any previous versions of
Charges related to the questioned amount. If we did not make a mistake, you may have
131 Main Street
the Agreement. The Agreement, as modified by any change in terms we may deliver from
to pay Finance Charges and you will have to make up any missed payments on the
P.O. Box 160
time to time in accordance with applicable law, constitutes the entire agreement between
questioned amounts. In either case, we will send you a statement of the amount you owe
Hills, lowa 52235
you and us, and supersedes any prior negotiation or understanding between you and us
and the Payment Due Date.
26. Changing the Agreement: The Bank may change all or any part of this Agreement
concerning the subject matter of the Agreement.
If you fail to pay the amount that we think you owe, we may report you as delinquent.
at any time, including changing the APR and other fees on the Account, unless prohibited
35. Waiver: We do not give up our rights under the Agreement or applicable law when
However, if our explanation does not satisfy you and you write us within ten days telling us
by law. We will give at least 30 days notice before the effective date of any change. On
we fail to exercise or delay exercising these rights. Our failure or delay to exercise any
that you still refuse to pay, we must tell anyone we report you to that you have a question
the effective date, the changes, including any changes in APR or recalculation of Finance
right or remedy we have against you does not mean that we waive that right.
about your bill. And we must tell you the name of anyone we reported you to. We must
Charges, will apply to all amounts you owe at the time the change goes into effect. If
36. Arbitration: In requesting an Agreement from us and accepting the Agreement,
tell anyone we report you to that the matter has been settled between us when it finally is.
you do not agree to the changes, you must notify us in writing within 25 days after the
you agree that if a dispute of any kind arises out of this Agreement, either you or we may
SPECIAL RULES FOR CREDIT CARD PURCHASES
Hills Bank
effective date of the change; you also must pay any remaining amount due and destroy
choose to have that dispute resolved by binding arbitration. If arbitration is chosen by any
If you have a problem with the quality of property or services that you Purchased with your
the Card. You may pay the remaining amount all at once or the Bank may allow you to
party, neither you nor we will have the right to litigate that claim in court or to have a jury
Card, and you have tried in good faith to correct the problem with the Merchant, you may
continue making payments under the existing terms. Otherwise, you will have agreed to
trial on that claim, or to engage in pre-arbitration discovery, except as provided for in the
have the right not to pay the remaining amount due on the property or services. There are
and Trust Company
the changes in the notice. Use of the Account after the effective date of the changes shall
arbitration rules. In addition, you will not have the right to participate as a representative
two limitations on this right, and both must apply:
be deemed acceptance of the new terms, even if the 25 days have not expired.
or member of any class of claimants pertaining to any claim subject to arbitration. The
(1) You must have made the Purchase in your home state or, if not within your home state
Member FDIC
hillsbank.com
27. Cancellation
Arbitrator's decision will generally be final and binding. Other rights that you would have if
within 100 miles of your current mailing address; and
(a) The Bank may cancel the Account or suspend credit privileges immediately and
you went to court, may also not be available in arbitration. It is important that you read the
(2) The Purchase price must have been more than $50.00.
without notice if the Account is in default. We may also cancel the Account in our sole
entire Arbitration Provision carefully before accepting the terms of this Agreement.
The conditions do not apply if we own or operate the Merchant or if we mailed you the
eServices Department
discretion (even if the Account is not in default) by providing notice to you. You may
Any claim, dispute, or controversy (whether in contract, regulatory, tort, or otherwise,
advertisement for the property or services.
cancel the Account by providing notice to us.
whether pre-existing, present, or future and including constitutional, statutory, common
SPECIAL RULES FOR CREDIT CARD PURCHASES DO NOT APPLY TO PURCHASES
131 Main St
PO Box 160
(b) After cancellation of the Account. you will not be able to obtain additional credit on the
law, intentional tort, and equitable claims) arising from or relating to (a) the Card it
MADE WITH CONVENIENCE CHECKS OR BALANCE TRANSFER CHECKS.
Account and must agree not to use the Account. All amounts outstanding on the Account
offered or provided to you; (b) the actions of you, or third parties; or (c) the validity of
Hills Bank and Trust Company
Hills, IA 52235
will be immediately due and payable without notice or demand.
this arbitration provision individually and collective, (a "Claim") must, after an election by
eServices Department
(c) If you fail to pay any amount you owe under this Agreement, you will be liable for our
you or us, be resolved by binding arbitration in accordance with this arbitration provision
131 Main Street
1-800-445-5725
costs of collecting. In addition, if we refer our claim to an attorney for collection, you will
and the Commercial Arbitration Rules of the American Arbitration Association ("AAA") in
P.O. Box 160
be liable for reasonable attorney's fees we incur and expenses of any legal actions.
effect when the Claim is filed (or, in the event this arbitrator or these arbitration rules are
Hills, lowa 52235
28. Assignment of Your Account to Another Creditor: We may assign, sell, or transfer
no longer available, then a comparable substitute arbitration procedure and/or arbitration
1-800-445-5725
your Account and amounts owed by you to another creditor at any time. If we do, this
organization that does business on a nationwide basis). There shall be no authority for
Agreement will still be in effect unless and until amended and any references made in this
any Claim to be arbitrated on a class action basis. An arbitration can only decide our or
We may report information about your Account to credit bureaus. Late payments, missed
Agreement to "we", "us", "our", or "the Bank" will refer to the creditor to which we assigned,
your Claim and may not consolidate or join the claims of other persons who may have
payments, or other defaults on your Accounts may be reflected in your credit report.
sold, or transferred the Account or amounts owed under the Account. You may not
similar Claims. You may obtain rules and forms by calling the AAA at 1-800-778-7879.
delegate your obligation and responsibilities to us to any third party without our express
Any arbitration hearing that you attend will take place in the federal judicial district where
Rev. 6/11
written consent.
you reside. At your request, we will advance the first $250.00 of the filing and hearing
fees for any Claim you may file against us. The arbitrator will decide whether we or
THE BANK'S LEGAL RIGHTS AND OBLIGATIONS
you will ultimately pay those fees. The arbitrator shall apply applicable substantive law
29. Collecting Credit Information About You: You authorize us to make any credit,
consistent with the Federal Arbitration Act (FAA) and applicable statutes of limitation, and
employment, and investigative inquiries we feel are appropriate related to giving you
shall honor claims of privilege recognized at law. Judgment upon the award rendered by
This is a card member agreement and disclosure statement ("Agreement") between you
Advances. Finance Charges on your Balance Transfers accrue from the date of transfer
date of the billing cycle. Since Finance Charges continue to accrue until the date your
then the entire balance is due. You also may pay the entire balance on your Account at
and Hills Bank and Trust Company containing the terms that will apply to your Hills Bank
to your Account. If you reach your limit on the amount of credit allocate to you for
payment is received and posted to your Account, additional Finance Charges may appear
any time or pay any amount between the Minimum Payment and your entire balance. Any
Visa Platinum Rewards ("Account"). In this Agreement, "you" and "your" means each
one or more Balance Transfers, you may not transfer additional balances even if you
on the following month's statement. The amount of the Finance Charge and the Advance
changes in your Minimum Payment due will be reflected on your monthly statement in the
individual accepting a solicitation or applying for the Account or otherwise agreeing to be
have not reached your total Credit Limit. Balance Transfers will post to the Account and
Fee may be changed from time to time. There is a minimum Finance Charge of 50 cents
month in which the Minimum Payment due is affected. However, in all cases, you may
responsible for the Account. "We", "us", "our", and "the Bank means Hills Bank and Trust
be separately reflected on the monthly Account statements as a Balance Transfer, or,
in any billing cycle in which a Finance Charge is due.
continue to pay any amount equal to or greater than the Minimum Payment due.
Company, the issuer of the Card and your Account creditor. Other terms are defined in
depending upon the offer, may post to the Account and be treated as a Purchase, or as an
11. Grace Period: You have 25 day Grace Period for Purchases (including any
(d) Application of Payment: We may allocate payments to amounts owed on your
the text of the Agreement. Please read this Agreement carefully and keep it in a safe
Advance transaction.
promotional Balance Transfers or Convenience Checks that will post as Purchases),
Account in the manner we deem appropriate, including but not limited to, applying
place to make the best use of the Hills Bank credit card (the "Card") we issue with this
provided you have paid your Previous Balance in full by the Payment Due Date shown
payment to promotional balances, such as Balance Transfers, before applying them to
Account. The Agreement becomes effective as soon as you or someone authorized by
FINANCE CHARGES AND ACCOUNT FEES
on your monthly Account statement. In order to avoid additional Finance Charges on
Purchases and Advances.
you uses the Card or Account, but no later than 30 calendar days after we issue and you
8. Account Finance Charges: Finance Charges reflect the cost of credit. Your total
Purchases, you must pay your New Balance in full by the Payment Due Date shown on
15. Change of Address: Your monthly Account statements and notices about your
fail to return the Card.
Finance Charge for any billing cycle will equal the amount of any (a) periodic rate
the front of your monthly Account statement. There is no grace period for transactions
Account will be sent to the address you provided in your application or your response to
Finance Charges (sometimes referred to as "interest" here and on your monthly Account
that post to the Account as Advances. Those transactions are subject to interest from the
our Account solicitation. To change your address, you must call us at 1-800-445-5725 or
ACCOUNT FEATURES AND YOUR USE OF THE ACCOUNT
statement); (b) Advance transaction fees; and (c) any other transaction fees that are
date they post to the Account until the date they are paid in full.
write to us at the following address:
1. Use: Charging privileges on the Card and Account are provided by the Bank pursuant to
considered Finance Charges. In some of the following sections we have abbreviated the
12. Account Fees: We may charge the following fees. The amounts of these fees are
eServices Department
the terms of this Agreement. Charge activity, Account status, and any Account delinquency
terms "monthly periodic rate' as MPR, "average daily balance" as "ADB", and "annual
listed in the attached rates and fee table.
Hills Bank and Trust Company
information will be provided to you monthly. You may use the Card to obtain an Advance
percentage rate' as "APR".
(a) Cash Advance Transaction Fee: We will add a Finance Charge to the Advance
131 Main Street
(as defined below) from a participating financial institution or Automated Teller Machine
9.1 Interest Rate: The APRs and the corresponding monthly periodic interest rates are
balance of the Account in the form of the Advance Transaction Fees disclosed below for
P.O. Box 160
(ATM). You may use the Account only for personal, family, or household purposes.
listed on the attached rates and fee table. The Prime Rate used to calculate the APR
each Advance you obtain during a billing cycle. The fees imposed will equal the greater of
Hills, lowa 52235
2. Your Acceptance of the Agreement: By accepting, signing, or using this Card or
will be the Prime Rate on the 15th day of each month or the first regular business day
the fees based on a disclosed percentage of each Advance of the minimum dollar amount,
We must receive this information 15 days before the date a billing cycle closes to provide
Account, or by continued use of an existing Card or Account, you are agreeing to the
thereafter as published on that business day in the Money Rates column of The Wall
shown below.
your monthly Account statement at your new address. Note: If you have an address
terms of this Agreement.
Street Journal ("WSJ"). The APR may increase if the Prime Rate increases. An increase
CASH RECEIVED
PERCENTAGE
MINIMUM
change within 45 days of the expiration date of your Card(s), please contact the Hills
3. Account Purchases: You may use the Account to buy, lease, or otherwise obtain
will take effect the day after your statement cycles following the 15th of the month. An
FROM:
OF CASH
MAXIMUM:
Bank Contact Center at 1-800-445-5725 with that information so your new Card(s) can be
goods or services from participating merchants (including transactions you initiate via
increase will result in an increase in the finance charge and it may have the effect of
FINANCIAL INSTITUTION
3.0%
5.00
mailed to your new address
email, by telephone, or over the Internet) or take advantage of special promotional
increasing your periodic minimum payment. The APR will not change more often than
OR ATM
$15.00
16. Authorized Use: You agree not to give your Card to anyone else or to authorize
Convenience Check or Balance Transfer offers that post as Purchase Transactions
once a month. A decrease will have the opposite effect of an increase. If the Prime Rate
(b) Annual Fee: $15.00
anyone to use the Account. If you give your Card or Account number to someone and
("Purchases"). We will. in connection with any promotional Balance Transfer or
changes more frequently than the APR, we will always use the Prime Rate in effect on
(c) Late Payment Fee: We will add a Late Payment Fee of $27.00 to the Purchase
they use either, you will be liable for any charges that the person incurs.
Convenience Check offer we make, provide you with materials explain whether those
the day we adjust the APR to determine the new APR. In such case we ignore any
balance of the Account if your Minimum Payment is not received by the Payment Due
17. Lost or Stolen Card or Convenience Checks: You must notify us immediately if
transactions will post and be treated as a Purchase. Even if you have not signed a sales
changes in the Prime Rate that occur between APR adjustments. Any rate change will be
Date shown on the monthly Account statement.
your Card or Convenience Checks are lost or stolen or there is possible unauthorized
draft or the merchant has not supplied you with a written receipt or other proof of sale, you
applied to all balances carried forward from the last statement. We reserve the right to
(d) Returned Payment Fee: We will add a Returned Payment Fee of $27.00 to the
use of your Card or Account. You will not be liable in excess of $50.00 for any theft or
are responsible for all Purchases made through the Account, except as expressly limited
choose a comparable new index if the WSJ ceases to publish a Prime Rate.
Purchase balance of the Account if draft or check you give us as payment on the
loss for purchase charges that occur after notification to the Bank. Notify the eServices
by applicable law. See "Your Billing Rights' section for more detail.
9.2 Interest Rate for Cash Advances: The MPR and the corresponding variable APR
Account is not honored or if we must return it to you because it cannot be processed. A
Department by phone at 1-800-445-5725, or 1-800-423-7503 or in writing to:
4. Account Advances: Advances are transactions other than Purchases that allow you
will be determined by adding eleven percentage points (11.0%) to the Prime Rate in
check that is returned unpaid may be sent for collection.
eServices Department
direct access to funds available through your Account. Advances may include Account
respect to the Account for the billing cycle. The Prime Rate used to calculate the APR
(e) Returned Convenience Check Fee: We may charge a fee of $35.00 to the
Hills Bank and Trust Company
transactions such as cash advances you obtain directly from us, other participating
will be the Prime Rate on the 15th day of each month or the first regular business day
Purchase balance of the Account if you write a Convenience Check that we do not
131 Main Street
financial institutions, ATMs, Telephone Transfers, Balance Transfers, or Convenience
thereafter as published on that business day in the Money Rates column of WSJ. The
honor under the terms of this Agreement. (See "Convenience Checks" and "Paying and
P.O. Box 160
Checks. Monthly Account statements we issue may refer to Advances as "Advance",
APR may increase if the Prime Rate increases. An increase will take effect the day
Stopping Payment on Convenience Checks" sections for more details).
Hills, lowa 52235
"Cash", "Cash Advances" or by the product or device you used to obtain an Advance.
after your statement cycles following the 15th of the month. An increase will result in
(f) ATM Surcharges: When you use an ATM not owned by us, you may be charged
If this happens, we ask you and all other persons given Account access to return all
You may use your Account to obtain cash either by presenting your Card at any bank or
an increase in the finance charge and it may have the effect of increasing your periodic
a fee by the ATM owner or network used to complete the transaction and you may be
Cards and unused Convenience Checks to our eServices Department. In addition, we
other financial institution that accepts the Card or by making a withdrawal of cash at an
minimum payment. The APR will not change more often than once a month. A decrease
charged for a balance inquiry.
(g) Card Usage Reports Fee: We may offer additional reports regarding Card usage
have the right to close your Account and open a new Account. If we do so, new Cards
ATM. We may restrict the amount of the credit limit that is available for Advances. If an
will have the opposite effect of an increase. If the Prime Rate changes more frequently
and Convenience Checks will be issued for your new Account.
Advance limit greater than the percentage available is requested, it will be subject to credit
than the APR, we will always use the Prime Rate in effect on the day we adjust the APR to
and Account transactions which will be provided upon your request for an agreed upon
approval. You may be limited in the amount and/or number of Advances you may make
determine the new APR. In such case we will ignore any changes in the Prime Rate that
fee.
18. U.S. Currency: If you make a Purchase or Cash Advance in foreign currency the
on your Account.
occur between APR adjustments. Any rate change will be applied to all balances carried
(h) Foreign Transactions: 1.0% fee is assessed only on international transactions when
transaction will be converted into U.S. Dollars by Visa.
5. Convenience Checks: From time to time, we may supply Convenience Checks for
forward from the last statement. We reserve the right to choose a comparable new index
For Visa Accounts: To the extent that you have used your Visa card to Purchase
a currency conversion occurs. Visa will also impose a 0.8% fee on foreign transactions
use by the person(s) named on those checks. Convenience Checks are drafts that look
if the WSJ ceases to publish a Prime Rate.
goods or services, or obtain cash in another country, your statement may reflect the
where a currency conversion is not performed.
like other checks, but are drawn on credit available in the Account. We may, based on
10. Interest Finance Charge: Finance Charges on your account for Purchases and
conversion into U.S. dollars of transactions that occurred, initially, in a different currency.
the particular offers we make from time to time, provide Convenience Checks that will
Advances are calculated separately.
IMPORTANT INFORMATION ABOUT USING YOUR ACCOUNT
The exchange rate applied to such transactions is (i) wholesale market rate or (ii)
post and be treated as an Advance or Convenience Check that will post and be treated
Purchases (Method G)
13. Credit Limit: The Account Credit Limit is the maximum amount of credit available
government-mandated rate in effect one day prior to the processing date, increased by
as a Purchase. We will, in connection with any Convenience Check we provide, include
A Finance Charge will be imposed on Purchases only if you elect not to pay the entire
and the maximum amount that you may owe under the Account at any time. You may
one percent. We reserve the right to charge you an additional one percent (1.0%) of the
materials that explain whether the Convenience Check post and be treated as an
New Balance shown on your previous monthly statement within 25 days from the closing
not request or obtain additional Purchases, Advances, or Balance Transfers once you
U.S. dollar amount of any international transaction, whether that transaction was originally
Advance or as a Purchase. Convenience Checks must be written in U.S. dollars. We
date on the statement. If you elect not to pay the entire New Balance shown on your
have reached your Credit Limit. The initial Credit Limit is shown on the Card carrier and
made in U.S. dollars or was made in another currency and converted to U.S. dollars
may return a Convenience Check unpaid if:
previous monthly statement within 25 days from the closing date on the statement, a
will also appear on your monthly Account statement. We reserve the right to review your
by Visa or MasterCard. In either case, the 1.0% will be calculated on the U.S. dollar
(a) the credit available under your Credit Limit is less than the Convenience Check amount;
Finance Charge will be imposed on the unpaid balance of purchases from the statement
Account at any time and increase or decrease your Credit Limit. You may not increase
amount provided to us by that entity. The same process and charges may apply if any
(b) the Account is in default: or
closing date (including new Purchases) and will continue to accrue until the closing date of
your Credit Limit by carrying a credit balance over the Credit Limit we make available to
international transaction is reversed.
(c) the Convenience Check is improperly signed or otherwise fails to conform to our
the billing cycle preceding the date on which the entire New Balance is paid in full or until
you. (Also see the "Advance Limits" section for more information about Limits on Advance
regularly accepted standards for check payment. Convenience Checks may not be used
the date of payment more than 25 days from the closing date.
transactions section.)
YOUR LEGAL RESPONSIBILITY IN THIS AGREEMENT
to pay the Account or any obligation you owe us or affiliates.
The Finance Charge for a billing cycle is computed by applying the Monthly Periodic Rate
14. Payment
19. Responsibility to Pay: You agree to pay us for all Purchases, Advances. Balance
6. Paying and Stopping Payment on Convenience Checks: You must use the number
(which is the APR divided by 12 months) to the Average Daily Balance of Purchases,
(a) Promise to Pay: You agree to pay for all Purchases, Advances, Finance Charges,
Transfers, Finance Charges, Account Fees and charges, any other transaction charges as
and address provided in the "Lost or Stolen Card or Convenience Checks" section below
which is determined by dividing the sum of the daily balance of Purchases during the
fees. and any other obligations incurred on the Account.
provided in this Agreement and, to the extent permitted under applicable law, attorneys fees,
to request that payment be stopped on a Convenience Check. You must call us promptly
billing cycle by the number of days in the cycle. Each daily balance is the principal
(b) Method of Payment: You must pay us in U.S. dollars with checks or similar payment
and collection costs we incur enforcing this Agreement against you. This is the case even
with an oral stop payment request and then provide us with a written confirmation of the
balance including current cycle Purchases and payments and credits as received, but
instruments drawn on a financial institution located in the United States. We may, at our
the Account is only used by you, or someone to whom you've given access to the Account.
stop payment request within 14 calendar days. Any stop payment request we receive
excluding any unpaid Finance Charges.
option, choose to make an exception and accept a payment drawn on a foreign bank.
20. Liability for Charges: You are individually liable and you and the individual or co-
will remain in effect for 6 months, unless you renew the request in writing before the end
Cash Advances (Method A)
However, you will be charged and agree to pay any collection fees required in connection
obligor(s) who accepted the application for credit, if any, are jointly liable for all charges to
of that time. We may pay Convenience Checks more than 6 months old. There may be
A Finance Charge will be imposed on Advances from the date of the Advance or from
with such a transaction. The date you mail a payment is different than the date we receive
the Account including, without limitation, all fees and Finance Charges.
circumstances under which a Convenience Check must be paid, even if we have received
the first day of the billing cycle in which the Advance is posted to the Account, whichever
payment. For purposes of this Agreement, the payment date is the day we receive your
21. Intent to Repay: Every time you use the Account, you represent to us that you
a stop payment request from you. We will not be liable to you we do not honor your
is later, and will continue to accrue until the date of payment. The Finance Charge for
check or money order at the address specified on your monthly Account statement. If you
intend and have the reasonable ability to repay your Account obligations. We rely on that
stop payment request under those circumstances. If is determined that a Convenience
a billing cycle is computed by applying the Monthly Periodic Rate (which is the APR
mail your payment without a payment coupon or to an incorrect address, it may result in a
representation every time you use the Account.
Check should have been paid, but was not. we will not be liable for any consequential,
divided by 12 months) to the Average Daily Balance and Advances which is determined
delayed credit to your Account. This may result in additional Finance Charges, fees, and
22. Settling a Disputed Balance: Payment in Full you want to settle a
punitive, or incidental damages if we acted in good faith. Our only obligation under those
by dividing the sum of the daily balances of Advances during the billing cycle by the
possible suspension of your Account.
disagreement with us about any amount you owe by sending a check on which you have
circumstances will be to pay the designated payee the amount of the Convenience Check
number of days in the cycle. Each daily balance is determined by adding to the Previous
(c) Minimum Monthly Payment: Each month you must pay at least the Minimum
written "Payment in Full" or similar language, you must send us a written explanation of
and cancel any charges assessed against your Account as a result of any wrongful failure
Balance (the outstanding balance of your Account at the beginning of the billing cycle)
Payment and any past due Minimum Payment by the Payment Due Date shown in your
the disagreement and dispute and send such check to:
to honor the Convenience Check.
any Purchase as of the date is posted to your Account and any Advances as of the
monthly Account statement. Your Minimum Payment for Purchases and Cash Advances
eServices Department
7. Balance Transfers: We may permit you to transfer balances from other companies,
transaction date or the first day of the billing cycle in which the Advance is posted to the
is 3.0%, rounded up to the nearest dollar, of the total Purchase and Cash Advance
Hills Bank and Trust Company
including financial institutions. However, you cannot make Balance Transfers from the
Account, whichever is later, and subtracting all payments as received and credits as
balance (excluding late payment), or whichever is greater. In addition, your
131 Main Street
Bank accounts. The amount of your total Credit Limit which we may allow to you for a
posted through that date, but excluding any unpaid Finance Charges.
Minimum Payment will include all amounts delinquent, and amounts in excess of your
P.O. Box 160
Balance Transfer reduces the amount of the Credit Limit available for Purchases and
Any Finance Charge shown on your monthly statement is computed only through the last
Credit Limit. If your outstanding Purchase and Cash Advance balance is less than $25.00
Hills, lowa 52235
Hills Bank
Visa® Platinum Rewards Credit Card Agreement
and Trust Company
Rates and Fees Table
INTEREST RATES AND INTEREST CHARGES
Annual Percentage
10.25% to 14.25%
when you open your account based on your
Rate (APR) for Purchases/
credit
worthiness. This APR will vary with the market based on the
Balance Transfers
Prime Rate.
APR for Cash Advances
14.25% this APR will vary with the market based on the Prime Rate.
How to Avoid Paying
Your due date is at least 25 days after the close of each billing
Interest on Purchases
cycle. Hills Bank will not charge you any 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 $0.50.
For Credit Card Tips from
To learn more about factors to consider when applying for or using
the Federal Reserve Board
a credit card, visit the website of the Federal Reserve Board at
http://www.federalreserve.gov/creditcard,
FEES
Annual Fee
$15.00 charged on the anniversary date of the card.
Transaction Fees
Cash Advance
Either $5.00 or 3.00% of the amount of each cash advance,
whichever is greater, with a maximum fee of $15.00.
Foreign Transaction
1.0% when a currency conversion occurs. 0.8% when a
currency conversion is not performed.
Penalty Fees
Late Payment
up to $27.00
Returned Payment
up to $27.00
Returned Convenience Check
up to $35.00
How we will calculate your balance:
We use a method called "average daily balance (including new purchases)"
Prime Rate:
Variable APRs are based on the 3.25% Prime Rate as of May 31, 2011.
We add 7.00% to 11.00% to the Prime Rate to determine the Purchase/Balance Transfer APR (monthly periodic rate
currently 0.85417% to 1.18750%).
We add 11.00% to the Prime Rate to determine the Cash Advance APR (monthly periodic rate currently 1.18750%).
Billing Rights:
Information on your rights to dispute transactions and how to exercise those rights is provided in the attached
account agreement.
eServices Department
131 Main St
PO Box 160
Hills, IA 52235
1-800-445-5725
Cedar Rapids Downtown
Cedar Rapids Northeast
Cedar Rapids Southwest
Coralville
Hills
lowa City Downtown
lowa City Eastside
lowa City South Gilbert
Kalona
Lisbon
Marion
Mount Vernon
North Liberty
Wellman
Member FDIC
hillsbank.com
Rev. 6/11