Terms and Conditions 

The information provided below in these Terms and Conditions, along with the Cardholder 
Agreement(s), certain account pricing and terms that were available to certain applicants 
that applied for and were approved for certain credit card accounts on the last business 
day of the calendar quarter that ended on March 31, 2018. These account terms may not 
be available after that date. 

These documents are being provided to you for informational purposes only. If you apply 
and are approved for a credit card account with us, your actual account terms will be 
based on the terms of the offer available at the time that you applied, what you are 
approved for and your actual Cardholder Agreement will be the agreement sent to you 
when your account is first opened. 

Farm Bureau Member Rewards MasterCard 
Interest Rates and Interest Charges 

Annual Percentage Rate (APR) for 
Purchases 

11.49% to 26.49% APR.   
This APR will vary with the market based on the Prime Rate. 

APR for Cash Advances 

26.74% APR.    
This APR will vary with the market based on the Prime Rate. 

Introductory APR for Balance 
Transfers 

Penalty APR and When it Applies 

Paying Interest 

2.99% introductory APR for 18 billing cycles if the balance transfer is made 
online and within the first 60 days after the account open date. After the 
introductory APR expires, your APR will be 11.49% to 26.49% APR based on 
your credit worthiness. This APR will vary with the market based on the 
Prime Rate. 

Up to 28.74% based on your creditworthiness. This APR will be applied to 
your account if you make a late payment. This APR will vary with the market 
based on the Prime Rate.  

How Long Will the Penalty APR Apply?:  If your APRs are increased for this 
reason, the Penalty APR may apply until you make six (6) consecutive 
minimum payments when due. 
Your due date is at least 25 days after the close of each billing cycle.  We 
will not charge you interest on purchases if you pay your entire balance by 
the due date each month.  We will begin charging interest on cash advances 
and balance transfers on the transaction date. You will lose your grace 
period on purchases if you do not pay the statement balance (including any 
transferred or cash advance balances) in full each month, by the payment 
due date. 

Minimum Interest Charge 

If you are charged interest, it will be no less than $2.00 ($0.50 for residents 
of Iowa at the time of account opening). 

For Credit Card Tips from the 
Consumer Financial Protection 
Bureau 

To learn more about factors to consider when applying for or using a 
credit card, visit the website of the Consumer Financial Protection Bureau 
at http://www.consumerfinance.gov/learnmore. 

 
 
 
 
Fees 

Annual Fee 

Transaction Fees 

$0 

•  Balance Transfer Fee 

$0 for the first 60 days after account open date; thereafter either $10 or 
4% of the amount of each transfer, whichever is greater.  We may from 
time to time offer you lower Transaction Fees on Balance Transfers and 
Checks. 

•  Cash Advance Fee 

Either $10 or 5% of each transaction amount, whichever is greater. 

•  Foreign Transaction Fee 

3% of each transaction in U.S. dollars. 

Penalty Fees 

• 

Late Payment Fee 

Up to $35 (the amount of the fee varies by state, see below) 

•  Over-the-Credit-Line Fee 

None 

•  Returned Payment Fee 

Up to $35 (the amount of the fee varies by state, see below) 

Additional Check Related Fees 

•  Returned Check Fee 

Up to $35 (the amount of the fee varies by state, see below) 

•  Check Stop Payment Fee 

Up to $39.95 (the amount of fee varies by state, see below) 

How We Will Calculate Your Balance: We use a method called "daily balance (including new purchases)". If you are a resident of Iowa at the 
time the account is opened, we use a method called "average daily balance (including new purchases)". These methods are explained in the 
cardholder agreement. 

Loss of Introductory APR:  We may end your introductory APR and apply the Penalty APR if you make a late payment. 

Military Lending Act:  Covered borrowers under Military Lending Act; Federal law provides important protections to members of the Armed 
Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed 
Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit 
transaction or account:  The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit 
transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any 
participation fee charged (other than certain participation fees for a credit card account). Please call our toll-free number 800.492.3276 from 
Monday-Friday, 7am-7pm CT and Saturday, 8am-12pm CT if you would prefer an oral disclosure of the payment obligation for this account 
before using the account or activating the card. 

Fees that Vary By State: 
Late Payment Fee:  Up to $35 (Up to $15 for residents of Iowa at time of account opening). 
Returned Payment Fee:  Up to $35 (Up to $15 for residents of Iowa at time of account opening). 
Returned Check Fee:  Up to $35 (Up to $20 for residents of Iowa at time of account opening). 
Check Stop Payment Fee:  Up to $39.95 (Up to $29 for residents of Iowa at time of account opening). 

Billing Rights:  Information on your rights to dispute transactions and how to exercise those rights is provided in the cardholder agreement. 

As of 03/31/2018 the Prime Rate was 4.75%.