Business Rewards Credit Card

These terms and conditions are accurate as of September 29, 2011, but may have changed after that date. You can always find out the most recent terms by contacting us at: Compass Bank, P.O. Box 2210, Decatur, AL 35669, or call 1-800-316-0207.

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

0% introductory APR for 6 months
After that, your APR will be 8.24% to 23.24% based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

APR for Balance Transfers

0% or 3.99% introductory APR for one year, based on your creditworthiness.

After that, your APR will be 8.24% to 23.24%, based on your creditworthiness.
This APR will vary with the
market based on the Prime Rate

APR for Cash Advances

21.99% to 27.24% based on your creditworthiness.
This APR will vary with the market based on the Prime Rate.

Penalty APR and When it Applies

27.24%
This APR will vary with the market based on the Prime Rate.
This APR may be applied to your account if you make a late payment.

How to Avoid Paying Interest on Purchases

Your due date is at least 20 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. 

Minimum Interest Charge

If you are charged interest on purchases, the charge will be no less than $1.

For Credit Card Tips from the Federal Reserve Board

To learn more about factors to consider when applying for or using a credit card, visit the Federal Reserve Board’s website at http://www.federal
reserve.gov/creditcard

Fees

Cash Advance Fee

Either $10 or 4% of the amount of each cash advance (including any balance transfer), whichever is greater

Foreign Transaction Fee

3% of each transaction in U.S. dollars

Late Payment Fee

$19 if Previous Balance on statement showing fee is less than $100;
$39 if Previous Balance is $100 or more;
$49 if Penalty APR is in effect

Overlimit Fee

$39

Returned Payment Fee

$25

How We Will Calculate Your Balance: We use a method called “average daily balance (including new Purchases).”  

Additional Terms and Conditions

Each Annual Percentage Rate (APR) that may apply to your account is shown below:

APRs Generally:

Introductory Rates:

These terms are subject to change. These terms are accurate as of the date shown above, and are subject to change. BBVA Compass Visa Business Card accounts are governed by the Visa Business Card Master Agreement provided to the Business. Except as provided in any special offer, the account terms may change as provided in the Business Card Agreement. Write or call us for any changes to the above conditions at: Compass Bank, P.O. Box 2210, Decatur, AL 35609-9986, phone number 1-800-316-0207. This program is not available in Iowa, Maine, New York, or Wisconsin. California Residents: You understand and agree that interest is compounded under the terms of the Visa Business Card Master Agreement. Delaware Residents: Service charges not in excess of those permitted by law will be charged on the outstanding balance from month to month. Ohio Residents: Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law. Maryland Residents: Finance charges will be imposed in amounts or at rates not in excess of those permitted by law.