Revolving Account Plan Agreement 
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Santander Cash Back 3D Visa Gold® 

This document and the terms and conditions of your credit card,  disclosed herein in offers through promotional letters, telephone, internet or 
any other  means constitute  your Revolving Account Plan Agreement with Banco Santander Puerto Rico (hereinafter the "Agreement"). The 
use of the Credit Card (hereinafter the “Card”) which is issued by Banco Santander Puerto Rico (hereinafter the "Bank") at the request of the 
person on behalf of whom the Card is issued (hereinafter the "Holder") shall be governed by the following terms, conditions and clauses: 

USE OF THE CARD: The Holder can use the Card to purchase and/or lease goods and services in those establishments where the Card is 
accepted and to obtain cash advances from the Bank or any other bank that accepts the  Card, subject to those limitations that from time to 
time are established by the Bank or the associated Bank to which the Card is presented. Similarly, the Holder may perform balance transfers 
subject  to  the  availability  of  his  credit  line.      As  a  fraud  prevention  measure  your  card  will  be  blocked  for  use  outside  of  Puerto  Rico.  The 
cardholder will be responsible to notify the Bank by calling Banco en Casa at 787-281-2000 or 1-800-726-8263 prior to traveling outside of 
Puerto Rico. This will provide greater security on your transactions and will allow the use of your card abroad, preventing your card from being 
blocked.  The holder shall owe the Bank the amount charged to his account for using the Card, plus any Interest Charges to be determined, 
which will become payable in the legal tender of the United States of America, in its entirely or in monthly installments, in accordance with the 
provisions set forth in this Agreement. 

CREDIT LIMIT: The initial credit limit granted by the Bank for the  Holder’s account will be notified to him upon receipt of the Card. Also, on 
each monthly  account statement the  existing credit  limit  will  appear  as  of  the  date  of  the  statement.  The  Holder  agrees that the  Bank may 
change his credit limit from time to time based on his credit assessment or due to any other legal or contractual reason, including changes in 
Bank policies. The Holder may not exceed the credit limit approved by the Bank and in doing so the Bank will have the right to cancel the 
Card, require its return or seize it and close the account. Any amount in excess of the limit approved by the Bank shall be paid by the Holder at 
sight. 

INTEREST CHARGES: The Interest Charges are computed only on the principal balance. The Holder shall pay  Interest Charges monthly 
on  the  balance  of  his  account  during  the  billing  period,  as  described  below,  which  will  never  be  higher  than  the  rate  established  by  the 
corresponding  laws  and  regulations.  The  Interest  Charges  for  goods  and  services  and  cash  advances  varies  in  accordance  with  the 
applicant's  (hereinafter  “accountholder”)  credit  score  at  the  time  of  the  credit  assessment,  which  can  range  from  0.8291%  up  to  2.1625% 
(Periodic Rate), equivalent to an Annual Percentage Rate (APR) ranging from 9.95% up to 25.95%. If the rate disclosed in the offer that was 
made to you by Banco Santander Puerto Rico  throughout promotional letter, telephone, internet or any other means is different to this, the 
Periodic Rate will be computed by dividing the Annual Percentage Rate applicable to your account between twelve (12). An Interest Charge 
will  be  imposed  on  purchases charged  to  this  account  by  applying  the  specified  Monthly  Periodic  Rate  to  the  Average  Daily  Balance.  This 
balance is obtained by taking the initial balance for each day in the billing period, subtracting payments and credits and adding the purchases, 
except purchases made in billing periods where the opening balance of the period is $0 or the initial balance is paid in full within the period. 
Then we add all daily balances within the billing period and divide this total by the number of days within the period. The result is the Average 
Daily  Balance.  No  Interest  Charges  will  be  imposed  for  billing  periods  where  there  is  no  previous  balance  or  during  which  payments  and 
credits match  or  exceed  the  previous  balance. With  regard  to  Interest  Charges  for cash  advances, they  shall  be  imposed  by  applying  the 
specified Monthly Periodic Rate to the Average Daily Balance as of the date on which the Holder and/or the persons authorized by the Holder 
received such cash advances until its total payment. 

PENALTY  RATE:  The  Annual  Percentage  Rate  (APR)  (including  promotional  rates)  that  applies  to  existing  balances  as  well  as  new 
purchases  of  goods  and  services,  cash  advances  and  balances  transferred  to  your  account,  may  increase  to  29.99%  APR  if  one  of  the 
following conditions occurs: 
• The minimum payment on your account is not received for two (2) consecutive billing periods. 
• If your credit score is not within the parameters established by the Bank. 
Your account will be eligible to return to the regular Annual Percentage Rate (APR) once the account is up to date and you have made six (6) 
consecutive minimum payments on or before the corresponding due dates. The Bank shall notify the increase in the penalty rate with no less 
than forty-five (45) days prior to the effective date of the increase. 

PROMOTIONAL  RATES:  If  the  Holder  has  been  granted  at  a  promotional  rate  (Annual  Percentage  Rate  (APR)  applicable  to  existing 
balances, new purchases of goods and services, balance transfers and cash advances charged to your account) the same will be  in effect 
during  the  term  specified  in  the  offer  made  by  the  Bank.  However,  if  the  Holder  decides  to  cancel  his  account  before  the  end  of  the 
promotional rate period, he will lose the benefits of the promotional rate and will be charged at the corresponding regular rate for his account 
for the existing balance as of the date of cancelling his Card. 

ANNUAL FEE:  As user of the Card the Holder undertakes to pay the Bank a non-refundable Annual Fee. The introductory offer of this card 
is  $0  annual  fee  for  the  first  12  months,  then  a  $24  annual  fee  will  apply.  Annual  fees  will  be  charged  in  your  first  account  statement  and 
successively on each anniversary of the issuance date of the Card, when the annual fee charge applies. When the annual fee do not apply, or 
is reduced, thus will be made available through offers by letter, telephone, Internet or any other means. Additional Cards: The Holder may 
request additional Cards under his account to be used by those other persons designated by the Holder, in which case the Holder is always 
jointly and severally responsible for payment in full of all purchases and cash advances made through the use of these additional Cards and 
the corresponding Interest Charges. If the Holder requests an additional Card, he will pay the Bank an additional non-refundable Annual fee. 
The introductory offer is $0 annual fee for each additional card for the first 12 months, then a $12 annual fee will be apply for each additional 
card.    There  will  be  no  charge  for  additional  Cards  in  the  case  of  the  Card  that  the  Bank  has  in  promotion  from  time  to  time.    When  the 
additional Card fee does not apply, or is reduced, this will be made available through offers made by letter, telephone, Internet or any other 
means. 

MONTHLY  ACCOUNT  STATEMENT:  Every  month  the  Bank  will  send  the  Holder  an  Account  Statement  at  the  end  of  each  billing  period 
which shall indicate, as applicable, the following items:  Previous Balance, Payments and Credits, Debits, Purchases of Goods and Services 
and Cash Advances during the period in question, the Interest Charges, the Percentage Rate, expressed monthly and annually, the closing 
date of the  billing period, the Average Daily Balance, the  New Balance Total, the minimum payment, the  due date  of said payment, Notice 
about Late Payment, Notice about Minimum Payment, reference on Credit counseling and Sections of Charges and Interest Collected during 
the year, among other items. The Holder shall notify in writing to the Bank any error in the monthly Account Statement within sixty (60) days 
following the date on which the statement is issued. 

OTHER CHARGES: Returned Checks Charge - A charge of $10 will be added to the existing purchases balance for each payment made to 
your Credit Card by a check returned for the following reasons: not available or non-collected funds, insufficient funds or any other reason why 
the check can not be processed. Late Charges - an amount equal to the minimum payment up to a maximum  of $38 will be added to the 
existing purchases balance for each billing period  when the minimum payment is not made at the due date. Cash Advance Fee - a charge 
equal  to  2%  of  the  amount  of  the  cash  advance  is  added  (minimum  charge:  $2;  maximum:  $10)  for  each  advance  retrieved  either  via 
withdrawal in automatic teller machines or branch offices or through a convenience check (Bankcard check) or a transfer balance. 

JOINT ACCOUNTS: Joint account holders are jointly and severally responsible for all purchases and cash advances made under the credit 
plan. The Bank may require the appearance and signature of both to process certain instructions or requests that include, but are not limited to 
(1) request for increase or decrease  in the credit line, (2) issuance of additional Cards, and (3) change in the  address to which the account 
statement of the credit plan is sent. Both agree to release and indemnify the Bank from all liability for damages, losses or expenses arising as 
a result of any action taken by the Bank in compliance with the instructions given by any of the Holders. 

NON-COMPLIANCE: In the event of insolvency, bankruptcy, or death of the Holder, or if  he ceases to satisfy any obligation with the Bank 
under  this  Agreement,  the  total  debt  of  the  Holder  to  the  Bank  shall  be,  at  the  sole  discretion  of  the  Bank,  due  immediately  and  shall  be 
payable according to the pertinent provisions of the current laws and regulations. If such non-compliance arises by reason of failure to comply 
with the payments required under the provisions of this Agreement, any debt will be due under any of the following conditions: 
• If the debtor defaults on the payment for three consecutive terms. 
•  If  the  debtor  defaults  on  the  payment  of  one  or  more  installments  and  on  two  or  more  occasions  had  defaulted  in  paying  two  or  more 
consecutive terms. 

 
 
 
 
 
 
 
 
 
 
 
 
•  If  the  debtor  makes  a  partial  payment  of  an  overdue  installment  and  makes  three  consecutive  payments  later  but  still  does  not  pay  the 
remaining balance of the partial payment due. 

MINIMUM PAYMENT:  The  holder  may  pay  the  New  Balance  total  in  it’s  entirely  or  in monthly  installments. If  payment  is  made  in monthly 
installments, the Minimum Payment will be: 

If the balance due is: 

Minimum Payment will be: 

 $ 0.01 to $ 9.99  

$ 10.00 to $600.00 

$600.01 onwards 

New balance or accrued interest at the close of the billing 
cycle, whichever is greater 

$10.00  or  accrued  interest  at  the  close  of  the  billing  cycle, 
whichever is greater 

1/60  or  accrued  interest  at  the  close  of  the  billing  cycle, 
whichever is greater 

In addition, the minimum monthly payment shall include the total amount in excess of your authorized credit limit.  The holder may pay at any 
time the New Balance Total or any part of this that is greater than the required minimum monthly payment.  

APPLICATION  OF  PAYMENTS: If  the  Holder  pays  the minimum payment  required  in  the  monthly  account  statement,  the  payment will  be 
applied  as  follows:  first  to  Interest  Charges,  and  the  remainder  will  be  applied  proportionately  to  amount  owed  by  concept  of  goods  and 
services and cash advances, in accordance with the New Balance that each one of these headings will yield on the billing date of the monthly 
account statement. If the Holder pays an amount in excess of the required minimum payment, it may stipulate in writing at the time of making 
the payment that the excess be applied to cash advances and goods and services, or be distributed proportionally. In the absence of such a 
declaration, the excess shall be applied to the debt with the highest rate of Interest Charges. 

APPLICATION OF PAYMENTS THE SAME DAY: The Bank will credit the payment made by the Holder the same day it is made: (a) in cash 
or in check through one of the Bank branch offices, prior to the closing time from Monday through Friday; (b) electronically before 5:00 p.m. 
Monday through Friday; (c) by mail together with the payment coupon to the address listed on the account statement of the Holder, as long as 
the payment is received before 8:00 a.m. from Monday through Friday. If the payment is received by the Bank on weekend or  holiday, the 
payment will be credited to the account the next business day. In case of payments received by check the Bank shall defer the availability of 
funds  equivalent  to  the  amount  of  the  payment,  for  a  period  of  up  to  five  (5)  business  days.  This  will  not  entail  additional  charges  to  your 
account for Interest Charges. 

CURRENCY CONVERSION CHARGES: Your statement will reflect in US dollars any transaction in foreign currency. The process of foreign 
currency  conversion  to  U.S.  dollars  shall  be  made  by  VISA  International  (jointly,  the  "Associations"  or  individually,  the  "Association"), 
depending on your Card, using: 
(A) An exchange rate selected by the applicable Association from the different rates available in the foreign exchange market during the date 
in which your transaction is processed. The exchange rate used by the Association to those effects could be different from the rate received by 
the applicable Association, or (B) the exchange rate decreed by the government for the date on which your transaction is processed. VISA 
International will charge a fee for currency conversion of 1% of the transaction amount made in foreign currency. 

DENIAL OF THE CARD: The Bank will not be liable if a purchase or cash advance or a balance transfer is not authorized by the Bank or a 
third party even in the event of the Holder having available credit. The Bank may limit the number of purchases or cash advances approved 
during one day. If the Bank detects some unusual or suspicious activity on the account, the Bank can temporarily suspend the credit until the 
legitimacy of the transaction is verified. The Bank could temporarily suspend the credit, if the Holder has any existing debt with the Bank that is 
in arrears. The Bank could approve purchases or cash advances exceeding the credit limit without renouncing its rights under this Agreement. 
The  Holder  acknowledges  and  agrees  that  the  Bank  shall  have  no  liability  or  obligation  for  communications,  acts  or  omissions  of  the 
establishments including their refusal to accept the Card, as well as for defects, quality, weight, quantity or any other aspect relating to the 
delivery or provision of the goods and/or services that are purchased or obtained through the use of the Card. 

LOST OR STOLEN CARD: If the Card is misplaced or stolen or the Holder suspects that someone could use it without his permission, the 
Holder  shall  immediately  notify  the  Bank  by  calling  (787)  281-2000  or  1-800-726-8263,  24  hours,  and  complete  and submit  those  forms  or 
reports required by the Bank. The Holder is not liable for fraudulent transactions that occur in the event of loss, theft or unauthorized use.  

AMENDMENTS: As required by law, this Agreement includes the disclosures in terms and conditions of your Credit Card. The Bank cannot 
guarantee  that  the  terms  and  conditions  of  your  Credit  Card  are  unchanged.  They  can  change  in  accordance  to  the  applicable  laws  and 
regulations; also, changes based on your credit history, market conditions, and business strategies and for any other reason, may occur. If any 
changes occur, they will be notified in accordance with the applicable laws and regulations.  If any change occurs, they will be notified within 
45 days before the change effective date in conformity with applicable laws and regulations. If these changes are not addressed in any law or 
regulation, they will be notified 10 days prior to the changes. The Interest Charges, periodical rates and other terms and conditions contained 
in  this  Agreement  may  be  amended  by  the  Bank  after  having  elapsed  12  months  from  opening  the  account.  Any  amendment  regarding 
Interest Charges shall apply to new purchases of goods and services and cash advances that originate as of the effective date of the change, 
as permitted by laws and regulations. If the Holder does not agree with the notified amendments and wishes to terminate the Agreement, he 
must notify the Bank in writing of his decision and return the Card cut in half before the effective date of the notified changes and will continue 
to  pay  the  balances  owed  under  the  account,  in  accordance  with  the  terms  and conditions  previously  in  effect. Any  change  in  the  Interest 
Charges that occur on or before the date that the requested credit was approved shall be notified through a notification accompanied with the 
Card to the Holder, who, through the use of the Card confirms his acceptance of the change. 

CANCELLATION: The Card is property of the Bank and the bank may cancel it at any time without prior notice to the Holder, who is obliged to 
return any Card issued, at the request of the Bank. If you do not agree to the terms of this Agreement, you may cancel it at any time by giving 
written notice to the Bank to these effects,.  The notification of cancellation should be send to: Banco Santander Puerto Rico P.O. Box 362589 
San Juan, PR 00936-2589 including the Card cut in half.   You will  remain responsible for the payment of any balance owed at the time of 
cancellation.  If at the time of cancellation you have an outstanding balance with a special offer, the regular terms in effect at the time will apply 
to your outstanding balance.  

MISCELLANEOUS PROVISIONS: The Bank is authorized by the Holder to investigate the Holder’s credit references and reserves the right to 
issue or not issue, renew or not renew the Card depending on the Holder’s ability to pay and credit references. Failure by the Bank to exercise 
any right under this Agreement shall not constitute a waiver of such right. If any provision of this Agreement is declared invalid by a Court or 
ceases to have effect by legislative or regulatory provision, the remaining provisions of this Agreement will continue in force. The Holder will 
establish a secret number to be able to access cash advances against his account through Automatic Teller Machines. The Holder undertakes 
and  agrees  to maintain  the confidentiality  of  such  secret  number  to  avoid  the  use  of  the  Card  by  unauthorized  persons,  and  agrees  not  to 
disclose or  have the secret number  written next to the Card. The limit of cash advances  will be established by the Bank from time to time. 
When the Card is used outside Puerto Rico or  in another associated bank, the limit established will be governed by the associated bank to 
which the Card is presented. The Holder may instruct the Bank to debit his Bank deposit accounts for any amount to cover payments due or 
the total balance of the debt. The Bank, at its sole discretion, may not authorize cash advances and/or purchases of goods and services when 
the account is in arrears for thirty days or more and/or when the outstanding balance is above the limit of the credit granted. 

The Holder is not obliged to accept the Card nor will be responsible for any charges unless he chooses to accept it by using it. If the Holder 
does not accept the Card, he shall notify the Bank within fifteen (15) days after receiving this Agreement without having used the Card. The 
use of the Card by the Holder or any person authorized by the latter constitutes acceptance by the Holder of each and every one of the terms, 
clauses and conditions disclosed under this Agreement. This Agreement shall be governed by and construed under the laws and regulations 
of  the  Commonwealth  of  Puerto  Rico  and  the  applicable  federal  laws  and  regulations.  In  case  the  Holder  is  offered  any  insurance  for  life 
protection, disability or involuntary unemployment or some other coverage by the Bank or any third party (whether or not a Bank affiliate) such 
insurance is optional and is not a condition for extending credit.  

 
 
 
 
 
 
 
 
 
 
 
 
 
 
CASH BACK PROGRAM: With the "Cash Back" program, you will earn 1% of the total of net purchases (total purchase less returns) made 
during your billing cycle.  The following transactions will not be considered for Cash Back:  convenience checks, cash advances, annual card 
fee payment, fees and commissions, taxes, interest charges, account credits, casino transactions, travelers checks, balance transfers (except 
in special promotions in which specifically the Bank announce this benefit), payments through E-banking or any other transaction the Bank 
determines at its sole discretion to be equivalent to a cash advance. Cash Back, will be provided if the account is current and must be open 
(active) the day the account was credited with the percent of Cash Back. Cash Back is calculated by adding the total amount of net purchases 
during  the  month’s  billing  cycle  and  the  result  is  multiplied  by  the  percent  of  Cash  Back.  No  accumulations  of  cash  back  will  be  made 
retroactively.  To  calculate  and  credit  the  Cash  Back,  the  Bank  will  use  the  result  of  the  calculation  above  in  dollars.  The  total  Cash  Back 
accumulated  will  be  rounded  up  to  the  nearest  whole  number.  In  your  monthly  statement  you  will  automatically  receive  a  credit  with  the 
amount of Cash Back accumulated during that period. If you make a return of purchases, this amount will be subtracted from the total amount 
of Cash Back accumulated in the period in which such return of merchandise is performed. The percent of Cash Back that is subtracted shall 
be calculated based on the offer of current accumulation that has the account at the time of purchase and not at the time of  the return of the 
acquired. If your account is in arrears of 30 days or more, the Bank will retain the Cash Back until the account is current or complete condition 
and will be credited in the next billing cycle. The Cash Back program is subject to change or cancellation at any time at the discretion of the 
Bank. The customer is responsible for any federal or state taxes in relation to the credit through the Cash-Back program, including and not 
limited  to:  excise  taxes  or  merchandise  taxes.  Disputes  where  the  outcome  of  the  investigation  is  in  favor  of  the  customer,  quantities  or 
purchases made in violation of law or this agreement will not be included in the calculation of the Cash Back. 

The involvement of the client in the Cash Back program can be suspended by  the Bank for a  reason  the  Bank  considers  are  related  to  fraud 
until  the  dispute  is  resolved satisfactorily.    The Bank  reserves  the  right to deduct  incorrectly amounts  credited to the customer for fraudulent 
transactions and also reserves the  right to award additional benefits under  special conditions  during  promotional campaigns, where  additional 
terms and conditions may apply and will be announced in a timely manner to cardholders. 

The Bank encourages the frequent use of the credit card, by granting the benefit of one percent return on purchases to the primary cardholder. 
These benefits will be awarded to the primary cardholder, disregarding the fact that purchases were made by the primary cardholder or any 
additional cardholder and the type of currency in which such purchases were made. The duration of this program is undefined. However, the 
terms and conditions may be amended at any time, subject to the Bank’s policies. The terms presented in this Agreement shall  be effective, 
until there is a new amendment which substitutes it. Amendments to the Cash Back program: The Bank reserves the right to change the 
terms and conditions of the program, its provisions, benefits, validity of Cash Back, maximum Cash Back per month or annual accumulation 
and special offers, at any time, but will make the notifications for the cardholder, as set out in the amendment clause. The Bank reserves the 
right to terminate the program at any time, by sending a written notice to the cardholder 45 days calendar prior to the effective date of the 
termination. There are no restrictions on the amount of Cash Back you can earn. The Bank reserves the right to limit the amount of Cash Back 
you can earn, any changes occur, this shall be notified at least 45 days prior to the effectiveness of the change, in accordance with the laws 
and regulations, if any. The Bank reserves the right to increase or decrease by promotions the percent of Cash Back.  The Accumulated Cash 
Back may not be object of purchase, sale, transaction or negotiation, cannot be used in combination with Cash Back from other accounts of 
different customers. 

BILLING  RIGHTS:  This  notice  contains  important  information  about  your  rights  and  our  responsibilities  under  the  Fair  Credit  Billing  Act. 
Notification to the Bank in case of errors or doubts on the account statement: the Holder shall notify in writing to the Bank if he believes 
that the account statement is incorrect or needs more information about a transaction in the statement. The Holder must write, on a separate 
sheet, at the address indicated in the account statement, as soon as possible. This notification must be no later than sixty (60) days since the 
Bank sent the first statement on which the error or problem appeared. The Holder may call the Bank by telephone to 787-281-2000, but this 
way  your  rights  do  not  prevail.  The  Holder  must  send  a  letter  to  Banco  Santander  P.O.  Box  362589,  San  Juan,  PR  00936-2589  with  the 
following information: name and surname, account number, amount of money  of the alleged error, description of the error. If you need more 
information, you must include a description of the item on which you have any questions.  If the Holder has authorized the Bank to pay the 
account statement automatically from his savings or checking account, the Holder can stop the payment of any amount he understands that it 
is incorrect. 

RIGHTS AND RESPONSIBILITIES OF THE BANK AFTER HAVING RECEIVED THE WRITTEN NOTIFICATION FROM THE HOLDER: the 
Bank must acknowledge receipt of the letter within thirty (30) days, unless the error has been corrected within this period. After receiving his 
letter, within a period equivalent to two billing cycles, but no more than ninety (90) days, the Bank must correct the error or explain to you why 
we understand that the invoice is correct.  After receiving the written notification, the Bank should not try to collect any amount that the Holder 
has  questioned,  nor  report  him  as  delinquent.  The  Bank may continue  to  bill  the  amount that  the  Holder  has  questioned,  including  Interest 
Charges  and  may  apply  any  amount  due  to  his  credit  line.  The  Holder  does  not  have  to  pay  any  amount  in  dispute  while  the  Bank  is 
investigating, but the Holder will be obligated to pay the parts of his invoice that are not in dispute. If the Bank determines that there was an 
error in the invoice, the Holder will not have to pay Interest Charges related to the portion of the invoice that is in dispute. If it is determined 
that there was no error on the invoice, the Holder shall pay  Interest Charges and update any payment in the amount of the dispute. In any 
case, the Bank will send you an account statement for the unpaid amount and the due date. If the Holder does not pay the amount that the 
Bank believes it owes, the Bank can report the case as delinquent. However, if the Holder is not satisfied with the Bank’s explanation, and he 
writes within the next ten (10) days informing that he still refuses to pay the Bank, the Bank shall inform any organization to whom he has been 
reported  as  delinquent  that  the  Holder  has  a  dispute  regarding  the  invoice.  Also,  the  Bank  must  inform  the  Holder  on  the  identity  of  any 
organization he has been reported to, that there has been a resolution once the matter has been resolved. If these rules are  not followed, the 
Bank may not charge the first $50 of the amount in dispute, even if it is determined that the invoice was correct. 

SPECIAL RULES ON PURCHASES WITH CREDIT CARDS: if there are problems with the quality of the goods or services purchased with 
Credit Cards and you have tried in good faith to correct the problem with the vendor, you may have the right to not pay the remaining debt 
balance related to those products or services. There are two limitations on this right: a) the purchase must have been made in your state of 
residence ("home state"), or if you are not in your state of residence, within 100 miles of your mailing address, and (b) the purchase price must 
be greater than $50. These limitations do not apply to the vendor where you purchased the goods or services if this is owned  or controlled by 
the Bank or if the Bank sent you a promotional notice or advertising of their goods or services. 

Banco Santander Puerto Rico-Credit Cards Division-PO BOX 362589 SAN JUAN, PR 00936-2589 

 (REV 05/16) 

 
 
 
 
 
 
 
Interest Rates and Interest Charges 

Annual percentage rate 
(APR) on Purchases 

0% intro APR for the first 6 months.  
After that, your APR will be from 9.95% to 25.95% at the time of 
opening the account, based on your credit history. 

Annual percentage rate 
(APR) on Balance 
Transfer 

Annual percentage rate 
(APR) in cash advances 

Penalty APR and When 
it Applies 

How to Avoid Paying 
Interest 

0% intro APR for the first 6 months.  

After that, your APR will be from 9.95% to 25.95% at the time of opening 
the account, based on your credit history. 

22.95%-25.95%, at the time of opening the account, based on your credit 
history. 
29.99% APR 
It applies to account balances, including new purchases, cash advances and 
transferred balances if one of the following conditions occurs: 
a. The minimum payment is not received for 2 consecutive billing periods. 
b. If your credit score is not within the parameters established by BSPR. 
How long will the penalty APR apply? 
If your annual percentage rate increases for any of these reasons the non-
compliance rate will apply until you have made at least six (6) consecutive 
minimum payments on or before its due date. 
Your due date is at least 27 to 32 days after the close of each billing cycle. We 
will not charge you any interest on purchases if you pay your entire balance by 
the due date each month.  Interest on cash advances, balance transfers to 
other institutions and convenience checks will be calculated from the date that 
the transaction occurred.  

For Credit Card tips from 
Consumer Financial  
Protection Bureau 

For information on factors to consider when ordering or using credit cards, visit 
the Federal Reserve on its Website at: 
http://www.consumerfinance.gov/learnmore.    

Fees 
Annual Fee 

Transactions Fees 

  Cash Advance  

$0 Annual Fee for the first 12 months, then 24  
$0 Annual Fee for the first 12 months, then 12 (If applicable) 

2% of the advance; minimum $2, maximum $10 

  Balance Transfers 

2% of the advance; minimum $2, maximum $10  

  Currency conversion 

1% of the transaction amount made in a foreign currency. 

Penalty Charges 

  Late Payment 
  Returned Payment 

Up to a maximum of $38 
Returned check: $10  

How We Will Calculate Your Balance: We use the daily balance method (including new transactions). 
Loss of Introductory APR:  We may end your introductory APR and apply Standard APR if you close your account or if you    
miss  a  payment.  The  information  about  the  costs  of  the  card  described  above  is  accurate  as  of  05/01/2016.  This  information  may  have 
changed after that date. To find out what may have changed, please call Banco en Casa at 787-777-66660 or free of charge 1-800-726-8263.  

Banco Santander Puerto Rico, FDIC Member. Lic. OCIF IB-17.