Commercebank
 


Pt Platinum

Please read the terms and conditions below, click accept to access the credit card application or click decline to go back to the Debit & Credit Card products.
This is the Pricing Information document referred to in your Cardholder Agreement (the “Agreement”). “We,” “us, “our,” and “ours” refer to Mercantil Commercebank, N.A., and “you,” “your,” and “yours” refer to the Liable Parties and Authorized Users (as defined in the Agreement). The following terms are an integral part of the Agreement:

Rates and Fees: Your Account is subject to the following rates and fees, and other terms, which may be changed in accordance with the Agreement and applicable law.

INTEREST RATES AND INTEREST CHARGES
Annual Percentage Rate (APR)
for Purchases		 3.49% Introductory APR for the first 6 billing cycles after Account opening.a
After that, 9.99%. Purchase APRs will vary with the market based on the Prime Rate. b
APR for Cash Advance 24.99 %. Cash Advance APRs will vary with the market based on the Prime Rate. c
Penalty APR and When It Applies None
Paying Interest Your due date is at least 25 days after the close of each billing cycle. We will not charge interest on purchases if you pay your entire balance by the Payment Due Date each month. We will begin charging interest on cash advances on the posting date.
Minimum Interest Charge If you are charged interest, the charge will be no less than $0.50
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 website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.
FEES
Annual Membership Fee $125
Transaction Fees
  • Cash Advance Fee


  • Foreign Currency
    Conversion Fee

  • International Service
    Assessment Fee
Either $10 or 3% of the amount of each Cash Advance, whichever is greater

1% of each transaction after conversion to U.S. dollars


1% of each U.S. dollar transaction made outside the U.S., Puerto Rico, or U.S. Virgin Islands
Penalty Fees
  • Late Payment Fee

  • Over-the-Credit-Limit Fee

  • Returned Payment Fee 
 Up to $35

None

Up to $35
How We Will Calculate Your Balance: We use the “average daily balance” method (including new transactions). See Section 8(b) of the Agreement.

Billing Rights: Please refer to the Billing Rights Summary of the Agreement for information regarding your rights to dispute transactions and the steps required to exercise those rights.

Minimum Payment Due: If the balance owed on your account is less than $15, your minimum payment will equal your balance. Otherwise, you will be required to pay at least an amount equal to 3% of the New Balance shown on your Statement or $15, whichever is the higher amount. The minimum amount you are required to pay will be shown on your Statement as the “Minimum Payment Due.”

Prime Rate: Variable APRs are based on the Prime Rate published in The Wall Street Journal. The Prime Rate as of 11/3/2010 is 3.25%.

a If applicable, the daily periodic rate for your purchase Introductory APR is 0.009562%.
b We add 6.74% to the Prime Rate to determine the APR for Purchases (daily periodic rate currently 0.027370%).
c We add 21.74% to the Prime Rate to determine the APR for Cash Advances (daily periodic rate currently 0.068466%)

Other Fees:
• Courier Delivery Fee:
• Statement Copy Fee:
• Retrieval Request Fee:
 (Copy of Sales Draft) 		$25 Regular/ $90 Express
$5
$5


USA Patriot Act: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

The above rates, fees and other costs information is accurate as of 11/3/2010 and is subject to change in accordance with applicable law and the Cardholder Agreement. To receive the most current information, please call us toll free at 1-866-208-6610, at 0-800-100-3184 toll free from Venezuela, or 305-717-1919 from any other location or write to us at Mercantil Commercebank Credit Processing Center, P.O. Box 958, Evansville, IN 47706-0958.


Authorizations, Terms and Conditions
By applying for a credit card with Mercantil Commercebank, N.A. (“we”, “us”, or “our”):

  • You certify that you are at least 21 years of age and have read all of the terms, authorizations and disclosures contained in this Pricing Information document. You confirm that you understand that the information you provide is given to obtain credit from us and represent and warrant that it is true and complete.

  • You acknowledge that we have your authorization to check your credit and employment history and to answer questions about our credit experience with you.

  • You acknowledge that approval of your application is based upon satisfying Mercantil Commercebank’s credit standards and that, unless the offer discloses a specific credit line, we will determine the exact amount of your credit line (if approved) after review of your application and other information.

  • You acknowledge your understanding that you may apply for a separate account if you are married.

  • You acknowledge that you understand that you may be ineligible if you have responded to a previous offer for a credit card issued by us within the last 45 days or if you have been approved for a previous Mercantil Commercebank offer.

  • You acknowledge and agree that Florida law will govern your agreement with us and that any disputes, claims, or controversies shall upon election by either you or us be resolved by binding arbitration.

  • You acknowledge that you will be deemed to have agreed to the terms of the Cardholder Agreement (which you will receive with your credit card) either by using your account (including charges or balance transfers) or, if you don’t use your account, by not closing your account within three days of receipt of the Cardholder Agreement.

  • You agree that use of your card will constitute your confirmation of any deposit account-debiting instructions given by you to us at the time of opening your credit card account, with the same effect under the Cardholder Agreement as if you had signed an Automatic Debit Instructions form.
Accept Decline

Rev.: December 21, 2011

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