Hills Bank
Member
and Trust Company
FDIC
Visa Platinum Credit Card Agreement
This is a card member agreement and disclosure statement ("Agreement") between
is determined that a Convenience Check should have been paid, but was not, we will
you and Hills Bank and Trust Company containing the terms that will apply to your Hills
not be liable for any consequential, punitive, or incidental damages if we acted in good
Bank Visa Platinum ("Account"). In this Agreement, "you" and "your" means each
faith. Our only obligation under those circumstances will be to pay the designated
individual accepting a solicitation or applying for the Account or otherwise agreeing to
payee the amount of the Convenience Check and cancel any charges assessed
be responsible for the Account. "We", "us", "our", and "the Bank" means Hills Bank
against your Account as a result of any wrongful failure to honor the Convenience
and Trust Company, the issuer of the Card and your Account creditor. Other terms are
Check.
defined in the text of the Agreement. Please read this Agreement carefully and keep it
7. Balance Transfers: We may permit you to transfer balances from other
in a safe place to make the best use of the Hills Bank credit card we issue with this
companies, including financial institutions. However, you cannot make Balance
Account (the "Card"). The Agreement becomes effective as soon as you or someone
Transfers from the Bank accounts. The amount of your total Credit Limit which we
authorized by you uses the Card or Account, but no later than 30 calendar days after
may allow to you for a Balance Transfer reduces the amount of the Credit Limit
we issue and you fail to return the Card.
available for Purchases and Advances. Finance Charges on your Balance Transfers
accrue from the date of transfer to your Account. If you reach your limit on the amount
ACCOUNT FEATURES AND YOUR USE OF THE ACCOUNT
of credit we allocate to you for one or more Balance Transfers, you may not transfer
1. Use: Charging privileges on the Card and Account are provided by the Bank
additional balances even if you have not reached your total Credit Limit. Balance
pursuant to the terms of this Agreement. Charge activity, Account status, and any
Transfers will post to the Account and be separately reflected on the monthly Account
Account delinquency information will be provided to you monthly. You may use the
statements as a Balance Transfer, or, depending upon the offer, may post to the
Card to obtain an Advance (as defined below) from a participating financial institution
Account and be treated as a Purchase, or as an Advance transaction.
or Automated Teller Machine (ATM). You may use the Account only for personal,
family, or household purposes.
FINANCE CHARGES AND ACCOUNT FEES
2. Your Acceptance of the Agreement: By accepting, signing, or using this Card or
8. Account Finance Charges: Finance Charges reflect the cost of credit. Your total
Account, or by continued use of an existing Card or Account, you are agreeing to the
Finance Charge for any billing cycle will equal the amount of any (a) periodic rate
terms of this Agreement.
Finance Charges (sometimes referred to as "interest" here and on monthly Account
3. Account Purchases: You may use the Account to buy, lease, or otherwise obtain
statement); (b) Advance transaction fees; and (c) any other transaction fees that are
goods or services from participating merchants (including transactions you initiate via
considered Finance Charges. In some of the following sections we have abbreviated
email, by telephone, or over the Internet) or take advantage of special promotional
the terms "monthly periodic rate" as MPR, "average daily balance" as "ADB", and
Convenience Check or Balance Transfer offers that post as Purchase Transactions
"annual percentage rate" as "APR".
("Purchases"). We will, in connection with any promotional Balance Transfer or
9.1 Interest rate: Your Annual Percentage Rate and the corresponding monthly
Convenience Check offer we make, provide you with materials that explain whether
periodic interest rates are listed on the attached rates and fee table. Your account is
those transactions will post and be treated as a Purchase. Even if you have not
eligible for an Introductory Rate. The Rates and Fees table attached describes the
signed a sales draft or the merchant has not supplied you with a written receipt or
duration of the Introductory Rate, the transactions to which the Introductory Rate
other proof of sale, you are responsible for all Purchases made through the Account,
applies, the Introductory Monthly Periodic Rate and the corresponding Annual
except as expressly limited by applicable law. See "Your Billing Rights" section for
Percentage Rate (APR) applicable to your account as of the date the account was
more detail.
opened. After the Introductory Rate expires the balances that had been charged the
4. Account Advances: Advances are transactions other than Purchases that allow
Introductory Rate will be subject to the Standard Annual Percentage Rate. The Prime
you direct access to funds available through your Account. Advances may include
Rate used to calculate the APR will be the Prime Rate on the 15th day of each month
Account transactions such as cash advances you obtain directly from us, other
or the first regular business day thereafter as published on that business day in the
participating financial institutions, ATMs, telephone transfers, Balance Transfers, or
Money Rates column of The Wall Street Journal ("WSJ"). The APR may increase if the
Convenience Checks. Monthly Account statements we issue may refer to Advances
Prime Rate increases. An increase will take effect the day after your statement cycles
as "Advance", "Cash", "Cash Advances", or by the product or device you used to
following the 15th of the month. An increase will result in an increase in the finance
obtain an Advance. You may use your Account to obtain cash either by presenting
charge and it may have the effect of increasing your periodic minimum payment. The
your Card at any bank or other financial institution that accepts the Card or by making
APR will not change more often than once a month. A decrease will have the opposite
a withdrawal of cash at an ATM. We may restrict the amount of the credit limit that is
effect of an increase. If the Prime Rate changes more frequently than the APR, we will
available for Advances. If an Advance limit greater than the percentage available is
always use the Prime Rate in effect on the day we adjust the APR to determine the
requested, it will be subject to credit approval. You may be limited in the amount
new APR. In such case we will ignore any changes in the Prime Rate that occur
and/or number of Advances you may make on your Account.
between APR adjustments. Any rate change will be applied to all balances carried
5. Convenience Checks: From time to time, we may supply Convenience Checks
forward from the last statement. We reserve the right to choose a comparable new
for use by the person(s) named on those checks. Convenience Checks are drafts that
index if the WSJ ceases to publish a Prime Rate.
look like other checks, but are drawn on credit available in the Account. We may,
9.2 Interest Rate for Cash Advances: The MPR and the corresponding variable
based on the particular offers we make from time to time, provide Convenience
APR will be determined by adding nine percentage points (9.0%) to the Prime Rate in
Checks that will post and be treated as an Advance or Convenience Check that will
respect of the Account for the billing cycle. The Prime Rate used to calculate the APR
post and be treated as a Purchase. We will, in connection with any Convenience
will be the Prime Rate on the 15th day of each month or the first regular business day
Check we provide, include materials that explain whether the Convenience Check will
thereafter as published on that business day in the Money Rates column of WSJ. The
post and be treated as an Advance or as a Purchase. Convenience Checks must be
APR may increase if the Prime Rate increases. An increase will take effect the day
written in U.S. dollars. We may return a Convenience Check unpaid if:
after your statement cycles following the 15th of the month. An increase will result in
(a) the credit available under your Credit Limit is less than the Convenience Check
an increase in the finance charge and it may have the effect of increasing your
amount;
periodic minimum payment. The APR will not change more often than once a month.
(b) the Account is in default; or
A decrease will have the opposite effect of an increase. If the Prime Rate changes
(c) the Convenience Check is improperly signed or otherwise fails to conform to our
more frequently than the APR, we will always use the Prime Rate in effect on the day
regularly accepted standards for check payment. Convenience Checks may not be
we adjust the APR to determine the new APR. In such case we will ignore any
used
changes in the Prime Rate that occur between APR adjustments. Any rate change will
to pay the Account or any obligation you owe us or our affiliates.
be applied to all balances carried forward from the last statement. We reserve the
6. Paying and Stopping Payment on Convenience Checks: You must use the
right to choose a comparable new index if the WSJ ceases to publish a Prime Rate.
number and address provided in the "Lost or Stolen Card or Convenience Check"
10. Interest Finance Charge: Finance Charges on your Account for Purchases and
sections to request that payment be stopped on a Convenience Check. You must call
Advances are calculated separately.
us promptly with an oral stop payment request and then provide us with a written
Purchases (Method G)
confirmation of the stop payment request within 14 calendar days. Any stop payment
A Finance Charge will be imposed on Purchases only if you elect not to pay the entire
request we receive will remain in effect for 6 months, unless you renew the request in
New Balance shown on your previous monthly statement within 25 days from the
writing before the end of that time. We may pay Convenience Checks more than 6
closing date on the statement. If you elect not to pay the entire New Balance shown
months old. There may be circumstances under which a Convenience Check must be
on your previous monthly statement within 25 days from the closing date on the
paid, even if we have received a stop payment request from you. We will not be liable
statement, a Finance Charge will be imposed on the unpaid balance of Purchases
to you if we do not honor your stop payment request under those circumstances. If it
from the statement closing date (including new Purchases) and will continue to accrue
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Effective 10/05
Revision 12/15
Hills Bank
Member
and Trust Company
FDIC
Visa Platinum Credit Card Agreement
until the closing date of the billing cycle preceding the date on which the entire New
IMPORTANT INFORMATION ABOUT USING YOUR ACCOUNT
Balance is paid in full or until the date of payment if more than 25 days from the
13. Credit Limit: The Account Credit Limit is the maximum amount of credit available
closing date.
and that you may owe under the Account at any time. You may not request or obtain
The Finance Charge for a billing cycle is computed by applying the Monthly Periodic
additional Purchases, Advances, or Balance Transfers once you have reached your
Rate (which is the APR divided by 12 months) to the Average Daily Balance of
Credit Limit. The initial Credit Limit is shown on the Card carrier and will also appear
Purchases, which is determined by dividing the sum of the daily balance of Purchases
on your monthly Account statement. We reserve the right to review your Account at
during the billing cycle by the number of days in the cycle. Each daily balance is the
any time and increase or decrease your Credit Limit. You may not increase your
principal balance including current cycle Purchases and payments and credits as
Credit Limit by carrying a credit balance over the Credit Limit we make available to
received, but excluding any unpaid Finance Charges.
you. (Also see the "Advance Limits" section for more information about Limits on
Cash Advances (Method A)
Advance transactions section.)
A Finance Charge will be imposed on Advances from the date of the Advance or from
14. Payment:
the first day of the billing cycle in which the Advance is posted to the Account,
(a) Promise to Pay: You agree to pay for all Purchases, Advances, Finance
whichever is later, and will continue to accrue until the date of payment. The Finance
Charges, fees, and any other obligations incurred on the Account.
Charge for a billing cycle is computed by applying the Monthly Periodic Rate (which is
(b) Method of Payment: You must pay us in U.S. dollars with checks or similar
the APR divided by 12 months) to the Average Daily Balance and Advances which is
payment instruments drawn on a financial institution located in the United States. We
determined by dividing the sum of the daily balances of Advances during the billing
may, at our option, choose to make an exception and accept a payment drawn on a
cycle by the number of days in the cycle. Each daily balance is determined by adding
foreign bank. However, you will be charged and agree to pay any collection fees
to the Previous Balance (the outstanding balance of your Account at the beginning of
required in connection with such a transaction. The date you mail a payment is
the billing cycle) any Purchase as of the date it is posted to your Account and any
different than the date we receive payment. For purposes of this Agreement, the
Advances as of the transaction date or the first day of the billing cycle in which the
payment date is the day we receive your check or money order at the address
Advance is posted to the Account, whichever is later, and subtracting all payments as
specified on your monthly Account statement. If you mail your payment without a
received and credits as posted through that date, but excluding any unpaid Finance
payment coupon or to an incorrect address, it may result in a delayed credit to your
Charges.
Account. This may result in additional Finance Charges, fees, and possible
Any Finance Charge shown on your monthly statement is computed only through the
suspension of your Account.
last date of the billing cycle. Since Finance Charges continue to accrue until the date
(c) Minimum Monthly Payment: Each month you must pay at least the Minimum
your payment is received and posted to your Account, additional Finance Charges
Payment and any past due Minimum Payment by the Payment Due Date shown in
may appear on the following month's statement. The amount of the Finance Charge
your monthly Account statement. Your Minimum Payment for Purchases and Cash
and the Advance Fee may be changed from time to time. There is a minimum Finance
Advances is 3.0%, rounded up to the nearest dollar, of the total Purchase and Cash
Charge of 50 cents in any billing cycle in which a Finance Charge is due.
Advance balance (excluding late payment), or $25.00 whichever is greater. In
11. Grace Period: You have a 25 day Grace Period for Purchases (including any
addition, your Minimum Payment will include all amounts delinquent, and amounts in
promotional Balance Transfers or Convenience Checks that will post as Purchases),
excess of your Credit Limit. If your outstanding Purchase and Cash Advance balance
provided you have paid your Previous Balance in full by the Payment Due Date shown
is less than $25.00 then the entire balance is due. You also may pay the entire
on your monthly Account statement. In order to avoid additional Finance Charges on
balance on your Account at any time or pay any amount between the Minimum
Purchases, you must pay your New Balance in full by the Payment Due Date shown
Payment and your entire balance. Any changes in your Minimum Payment due will be
on the front of your monthly Account statement. There is no grace period for
reflected on your monthly statement in the month in which the Minimum Payment due
transactions that post to the Account as Advances. Those transactions are subject to
is affected. However, in all cases, you may continue to pay any amount equal to or
interest from the date they post to the Account until the date they are paid in full.
greater than the Minimum Payment due.
12. Account Fees: We may charge the following fees. The amounts of these fees
(d) Application of Payment: We may allocate payments to amounts owed on your
are listed in the attached rates and fee table.
Account in the manner we deem appropriate, including but not limited to, applying
(a) Cash Advance Transaction Fee: We will add a Finance Charge to the Advance
payment to promotional balances, such as Balance Transfers, before applying them to
balance of the Account in the form of the Advance Transaction Fees disclosed below
Purchases and Advances.
for each Advance you obtain during a billing cycle. The fees imposed will equal the
15. Change of Address: Your monthly Account statements and notices about your
greater of the fees based on a disclosed percentage of each Advance of the minimum
Account will be sent to the address you provided in your application or your response
dollar amount, shown below.
to our Account solicitation. To change your address, you must call us at 1-800-445-
CASH RECEIVED
PERCENTAGE
MINIMUM
5725 or write to us at the following address:
FROM:
OF CASH
MAXIMUM:
eServices Department
FINANCIAL INSTITUTION
3.0%
5.00
Hills Bank and Trust Company
OR ATM
$15.00
131 Main Street
(b) Annual Fee: None
P.O. Box 160
(c) Late Payment Fee: We will add a Late Payment Fee of $27.00 to the Purchase
Hills, lowa 52235
balance of the Account if your Minimum Payment is not received by the Payment Due
We must receive this information 15 days before the date a billing cycle closes to
Date shown on the monthly Account statement.
provide your monthly Account statement at your new address. Note: If you have an
(d) Returned Payment Fee: We will add a Returned Payment Fee of $27.00 to the
address change within 45 days of the expiration date of your Card(s), please contact
Purchase balance of the Account if a draft or check you give us as payment on the
the Hills Bank Contact Center at 1-800-445-5725 with that information so your new
Account is not honored or if we must return it to you because it cannot be processed.
Card(s) can be mailed to your new address.
A check that is returned unpaid may be sent for collection.
16. Authorized Use: You agree not to give your Card to anyone else or to authorize
(e) Returned Convenience Check Fee: We may charge a fee of $35.00 to the
anyone to use the Account. If you give your Card or Account number to someone and
Purchase balance of the Account if you write a Convenience Check that we do not
they use either, you will be liable for any charges that the person incurs.
honor under the terms of this Agreement. (See "Convenience Checks", and "Paying
17. Lost or Stolen Card or Convenience Checks: You must notify us immediately if
and Stopping Payment on Convenience Checks" sections for more details).
your Card or Convenience Checks are lost or stolen or there is possible unauthorized
(f) ATM Surcharges: When you use an ATM not owned by us, you may be charged
use of your Card or Account. You will not be liable in excess of $50.00 for any theft or
a fee by the ATM owner or network used to complete the transaction and you may be
loss for purchase charges that occur after notification to the Bank. You must notify
charged for a balance inquiry.
eServices by phone at 1-800-445-5725, or 1-800-423-7503 or in writing to:
(g) Card Usage Reports Fee: We may offer additional reports regarding Card usage
eServices Department
and Account transactions which will be provided upon your request for an agreed upon
Hills Bank and Trust Company
fee.
131 Main Street
(h) Foreign Transactions: A 1.0% fee is assessed only on international transactions
P.O. Box 160
when a currency conversion occurs. Visa will also impose a 0.8% fee on foreign
Hills, lowa 52235
transactions where a currency conversion is not performed.
If this happens, we will ask you and all other persons given Account access to return
all Cards and unused Convenience Checks to our eServices Department. In addition,
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Effective 10/05 Revision 12/15
Hills Bank
Member
and Trust Company
FDIC
Visa Platinum Credit Card Agreement
we have the right to close your Account and open a new Account. If we do so, new
returned to us or otherwise destroyed or surrendered as we instruct. We extend all
Cards and Convenience Checks will be issued for your new Account.
Account credit to you in and from the State of Iowa, regardless of where you reside or
18. U.S. Currency: If you make a Purchase or Cash Advance in foreign currency the
use the Account. This Agreement is governed by lowa law, and, to the extent
transaction will be converted into U.S. Dollars by Visa.
necessary for interest exportation or consumer protection purposes, by federal law,
For Visa Accounts: To the extent that you have used your Visa card to Purchase
regardless of the internal conflict of law principles of the state where you reside or use
goods or services, or obtain cash in another country, your statement may reflect the
the Account. If a dispute arises and you file a lawsuit against us, service or process
conversion into U.S. dollars of transactions which occurred, initially, in a different
must be made on the Bank at the following address:
currency. The exchange rate applied to such transactions is a (i) wholesale market
eServices Department
rate or (ii) government-mandated rate in effect one day prior to the processing date,
Hills Bank and Trust Company
increased by one percent. We reserve the right to charge you an additional one
131 Main Street
percent (1.0%) of the U.S. dollar amount of any international transaction, whether that
P.O. Box 160
transaction was originally made in U.S. dollars or was made in another currency and
Hills, lowa 52235
converted to U.S. dollars by Visa or MasterCard. In either case, the 1.0% will be
26. Changing the Agreement: The Bank may change all or any part of this
calculated on the U.S. dollar amount provided to us by that entity. The same process
Agreement at any time, including changing the APR and other fees on the Account,
and charges may apply if any international transaction is reversed.
unless prohibited by law. We will give at least 30 days notice before the effective date
of any change. On the effective date, the changes, including any changes in APR or
YOUR LEGAL RESPONSIBILITY IN THIS AGREEMENT
recalculation of Finance Charges, will apply to all amounts you owe at the time the
19. Responsibility to Pay: You agree to pay us for all Purchases, Advances,
change goes into effect. If you do not agree to the changes, you must notify us in
Balance Transfers, Finance Charges, Account Fees and charges, any other
writing within 25 days after the effective date of the change; you also must pay any
transaction charges as provided in this Agreement and, to the extent permitted under
remaining amount due and destroy the Card. You may pay the remaining amount all
applicable law, attorneys fees, and collection costs we incur enforcing this Agreement
at once or the Bank may allow you to continue making payments under the existing
against you. This is the case even if the Account is only used by you, or someone to
terms. Otherwise, you will have agreed to the changes in the notice. Use of the
whom you've given access to the Account.
Account after the effective date of the changes shall be deemed acceptance of the
20. Liability for Charges: You are individually liable and you and the individual or
new terms, even if the 25 days have not expired.
co-obligor(s) who accepted the application for credit, if any, are jointly liable for all
27. Cancellation:
charges to the Account including, without limitation, all fees and Finance Charges.
(a) The Bank may cancel the Account or suspend credit privileges immediately and
21. Intent to Repay: Every time you use the Account, you represent to us that you
without notice if the Account is in default. We may also cancel the Account in our sole
intend and have the reasonable ability to repay your Account obligations. We rely on
discretion (even if the Account is not in default) by providing notice to you. You may
that representation every time you use the Account.
cancel the Account by providing notice to us.
22. Settling a Disputed Balance: Payment in Full If you want to settle a
(b) After cancellation of the Account, you will not be able to obtain additional credit on
disagreement with us about any amount you owe by sending a check on which you
the Account and must agree not to use the Account. All amounts outstanding on the
have written "Payment in Full" or similar language, you must send us a written
Account will be immediately due and payable without notice or demand.
explanation of the disagreement and dispute and send such check to:
(c) If you fail to pay any amount you owe under this Agreement, you will be liable for
eServices Department
our costs of collecting. In addition, if we refer our claim to an attorney for collection,
Hills Bank and Trust Company
you will be liable for reasonable attorney's fees we incur and expenses of any legal
131 Main Street
actions.
P.O. Box 160
28. Assignment of your Account to Another Creditor: We may assign, sell, or
Hills, lowa 52235
transfer your Account and amounts owed by you to another creditor at any time. If we
(See "Your Billing Rights" section for complete details.) Writing "Payment in Full" or
do, this Agreement will still be in effect unless and until amended and any references
similar language on the check will not be enough to resolve the dispute. If we collect a
made in this Agreement to "we", "us", "our", or "the Bank" will refer to the creditor to
check or any payment instrument marked "Paid in Full" that you send without a written
which we assigned, sold, or transferred the Account or amounts owed under the
explanation of the disagreement or dispute, we will not have waived our right to collect
Account. You may not delegate your obligation and responsibilities to us to any third
any remaining amount you owe us under the terms of the Account.
party without our express written consent.
23. Default: You and the Account will be in default if:
(a) you do not make the Minimum Payment by the Payment Due Date (disclosed on
THE BANK'S LEGAL RIGHTS AND OBLIGATIONS
the monthly Account statement as the Payment Due Date);
29. Collecting Credit Information About You: You authorize us to make any credit,
(b) you violate any other provision of this Agreement;
employment, and investigative inquiries we feel are appropriate related to giving you
(c) you become insolvent, assign any property to your creditors, or go into bankruptcy
credit or collecting amounts owed on your Account. You agree that a consumer credit
or receivership;
report or business bureau file request, as applicable, may be requested periodically
(d) you have made false statements affecting the application or maintenance of your
from one or more credit reporting agencies (credit bureaus) and used in connection
Account;
with your application and any update, renewal, or extension of credit. We may provide
(e) you go over your Credit Limit;
information about you, your Account, or your credit history to credit reporting agencies
(f) we have any reason to believe that the Account is in danger of, or is being used for
and others who may properly receive that information.
fraud; or
30. Credit Bureau Disputes: If you believe we inaccurately reported credit history
(g) anything happens that we believe in good faith materially increases the risk that
information about you or the Account to a credit bureau, call us at 1-800-445-5725 or
you will not live up to your payment and other obligations under this Agreement.
write to us at:
If you are in default, we may, to the extent permitted by applicable law, set-off and
eServices Department
withdraw any portion or all of the amount due under your Account Agreement against
Hills Bank and Trust Company
any balance, credit, deposits, accounts, or other property of yours in our possession,
131 Main Street
after giving you any notice required by applicable law. Should the obligation fall
P.O. Box 160
delinquent, and a judgment is obtained then the judgment shall accrue interest at the
Hills, lowa 52235
rate of 18.0% per annum until the judgment is Paid in Full.
31. Refusal to Honor Transactions: The Bank and its agents are not responsible if
24. Illegal Purchases: The Card must not be used for any unlawful purpose, such as
anyone refuses to honor your Card or a Convenience Check, or if authorization for a
tending
particular transaction is not given. Although you may have credit available under the
any account that is set up to facilitate online gambling. You agree that you will not use
Account, we may be unable to authorize credit for a particular transaction. The
or knowingly permit another to use the Card or Account for any transaction that is
number of transactions you make as well as the dollar amount you may withdraw from
illegal under applicable law.
or charge to your Account in one day may be limited, and the limit per day may vary.
These restrictions are for security reasons. And, as a result, we cannot explain the
THE BANK'S LEGAL RIGHT TO CHANGE OR CANCEL THIS AGREEMENT
details of how this system works. If your Account is over limit or delinquent,
25. Ownership of this Account; Governing Law: Your Card and any other Account
authorization of credit for transaction may be declined. We are not responsible for
access devices that we supply to you are our property, and must be immediately
anything Purchased with your Card or a Convenience Check, except as expressly
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Effective 10/05 Revision 12/15
Hills Bank
Member
and Trust Company
FDIC
Visa Platinum Credit Card Agreement
required by applicable law (see "Your Billing Rights" section for more details.) You
In your letter, give us the following information:
must return goods you Purchased with the Card or Account to the Merchant and not to
(a) Account information: Your name and account number.
us. Third party offers - From time to time, third parties may provide you with benefits
(b) Dollar amount: The dollar amount of the suspected error.
not related to the extension of Account credit. We are not liable for these features,
(c) Description of problem: If you think there is an error on your bill, describe what you
services and enhancements, as they are the sole responsibility of the third party
believe is wrong and why you believe it is a mistake.
provider. The Bank and/or third party may add, change, or delete entirely these
You must contact us:
benefits without notice or liability to you, to the extent permitted by applicable law. You
(a) Within 60 days after the error appeared on your statement.
agree to hold us harmless form any claim, actions, or damages resulting from your use
(b) At least 3 business days before an automated payment is scheduled, if you want to
of any of these features, services, or enhancements, when permitted by applicable
stop payment on the amount you think is wrong.
law.
You must notify us of any potential errors in writing [or electronically]. You may call us,
32. Telephone Monitoring: From time to time, we may monitor telephone calls you
but if you do we are not required to investigate any potential errors and you may have
make to us or our agents.
to pay the amount in question.
33. Severability: If a court of competent jurisdiction finds any part of this Agreement
What will happen after we receive your letter
illegal or unenforceable, the remaining portions of the Agreement will remain in effect
When we receive your letter, we must do two things:
as written after any such illegal or unenforceability porting is amended in compliance
(a) Within 30 days of receiving your letter, we must tell you that we received your
with applicable law or, if necessary, voided.
letter. We will also tell you if we have already corrected the error.
34. Entire Agreement: This version of the Agreement replaces any previous
(b) Within 90 days of receiving your letter, we must either correct the error or explain to
versions of the Agreement. The Agreement, as modified by any change in terms we
you why we believe the bill is correct.
may deliver from time to time in accordance with applicable law, constitutes the entire
While we investigate whether or not there has been an error
agreement between you and us, and supersedes any prior negotiation or
(a) We cannot try to collect the amount in question, or report you as delinquent on that
understanding between you and us concerning the subject matter of the Agreement.
amount
35. Waiver: We do not give up our rights under the Agreement or applicable law
(b) The charge in question may remain on your statement, and we may continue to
when we fail to exercise or delay exercising these rights. Our failure or delay to
charge you interest on that amount.
exercise any right or remedy we have against you does not mean that we waive that
(c) While you do not have to pay the amount in question, you are responsible for the
right.
remainder of your balance.
36. Arbitration: In requesting an Agreement from us and accepting the Agreement,
(d) We can apply any unpaid amount against your credit limit.
you agree that if a dispute of any kind arises out of this Agreement, either you or we
After we finish our investigation, one of two things will happen:
may choose to have that dispute resolved by binding arbitration. If arbitration is
If we made a mistake
chosen by any party, neither you non we will have the right to litigate that claim in court
(a) You will not have to pay the amount in question or any interest or other
or to have a jury trial on that claim, or to engage in pre-arbitration discovery, except as
fees related to that amount.
provided for in the arbitration rules. In addition, you will not have the right to
(b) If we do not believe there was a mistake: You will have to pay the amount in
participate as a representative or member of any class of claimants pertaining to any
question, along with applicable interest and fees. We will send you a statement of the
claim subject to arbitration. The Arbitrator's decision will generally be final and
amount you owe and the date payment is due. We may then report you as delinquent
binding. Other rights, that you would have if you went to court, may also not be
if you do not pay the amount we think you owe.
available in arbitration. It is important that you read the entire Arbitration Provision
If you receive our explanation but still believe your bill is wrong, you must write to us
carefully before accepting the terms of this Agreement.
within 10 days telling us that you still refuse to pay. If you do so, we cannot report you
Any claim, dispute, or controversy (whether in contract, regulatory tort, or otherwise,
as delinquent without also reporting that you are questioning your bill. We must tell you
whether pre-existing, present, or future and including constitutional, statutory, common
the name of anyone to whom we reported you as delinquent, and we must let those
law, intentional tort, and equitable claims) arising from or relating to (a) the Card it
organizations know when the matter has been settled between us.
offered or provided to you; (b) the actions of you, or third parties; or (c) the validity of
If we do not follow all of the rules above, you do not have to pay the first $50 of the
this arbitration provision individually and collective, (a "Claim") must, after an election
amount you question even if your bill is correct.
by you or us, be resolved by binding arbitration in accordance with this arbitration
provision and the Commercial Arbitration Rules of the American Arbitration Association
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
("AAA") in effect when the Claim is filed (or, in the event this arbitrator or these
If you are dissatisfied with the goods or services that you have purchased with your
arbitration rules are no longer available, then a comparable substitute arbitration
credit card, and you have tried in good faith to correct the problem with the merchant,
procedure and/or arbitration organization that does business on a nationwide basis).
you may have the right not to pay the remaining amount due on the purchase.
There shall be no authority for any Claim to be arbitrated on a class action basis. An
To use this right, all of the following must be true:
arbitration can only decide our or your Claim and may not consolidate or join the
(a) The purchase must have been made in your home state or within 100 miles of your
claims of other persons who may have similar Claims. You may obtain rules and
current mailing address, and the purchase price must have been more than $50.
forms by calling the AAA at 1-800-778-7879. Any arbitration hearing that you attend
(Note: Neither of these are necessary if your purchase was based on an advertisement
will take place in the federal judicial district where you reside. At your request, we will
we mailed to you, or if we own the company that sold you the goods or services.)
advance the first $250.00 of the filing and hearing fees for any Claim you may file
(b) You must have used your credit card for the purchase. Purchases made with cash
against us. The arbitrator will decide whether we or you will ultimately pay those fees.
advances from an ATM or with a check that accesses your credit card account do not
The arbitrator shall apply applicable substantive law consistent with the Federal
qualify.
Arbitration Act (FAA) and applicable statutes of limitation, and shall honor claims of
(c) You must not yet have fully paid for the purchase.
privilege recognized at law. Judgment upon the award rendered by the arbitrator may
If all of the criteria above are met and you are still dissatisfied with the purchase,
be entered in any court having jurisdiction. This Arbitration Provision shall survive
contact us in writing [or electronically] at:
repayment of your extension of credit and termination of your Account. The Arbitration
eServices Department
Provision shall be governed by the FAA, 9 U.S.C. §1 through §6.
Hills Bank and Trust Company
131 Main Street
YOUR BILLING RIGHTS KEEP THIS DOCUMENT FOR FUTURE USE
P.O. Box 160
This notice tells you about your rights and our responsibilities under the Fair Credit
Hills, lowa 52235
Billing Act.
www.HillsBank.com
37. What to do if you find a mistake on your statement
While we investigate, the same rules apply to the disputed amount as discussed
If you think there is an error on your statement, write to us at:
above. After we finish our investigation, we will tell you our decision. At that point, if we
eServices Department
think you owe an amount and you do not pay, we may report you as delinquent.
Hills Bank and Trust Company
131 Main Street
P.O. Box 160
Hills, lowa 52235
You may also want to contact us at www.HillsBank.com.
4
Effective 10/05 Revision 12/15
Hills Bank
Visa® Platinum Credit Card Agreement
and Trust Company
Rates and Fees Table
INTEREST RATES AND INTEREST CHARGES
Annual Percentage
3.9%
introductory APR for the first seven billing cycles. After that your
Rate (APR) for Purchases/
APR will be
5.50% to 12.50%,
Balance Transfers
based on your credit worthiness.
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances
12.50% 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 Consumer Financial Protection
Bureau at http://www.consumerfinance.gov/learnmore
FEES
Annual Fee
No annual fee.
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 3.50% Prime Rate as of December 17, 2015.
For the introductory rate, we add 0.40% to the Prime Rate to determine the Purchase/Balance Transfer APR (monthly
periodic rate currently 0.32500%).
We add 2.0% to 9.0% to the Prime Rate to determine the Purchase/Balance Transfer APR (monthly periodic rate
currently 0.45833% to 1.04167%).
We add 9.0% to the Prime Rate to determine the Cash Advance APR (monthly periodic rate currently 1.04167%).
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
Kglong
Lisbon
Marion
Mount Vernon
North Liberty
Washington
Wellman
Member FDIC
HillsBank.com
Rev. 12/15