Business Credit Card Disclosure
Arvest Commercial Visa® Credit Card Terms & Conditions
The information regarding costs of the cards described in this application is accurate as of September 1, 2023. This information may change after that date. To find out what may have changed, call us at (855) 250-8508, write to us at PO Box 6139, Norman, OK 73070, or visit arvest.com/businesscards.
The chart below is accurate for each of these business products: Visa® Corporate Credit Card, Visa® Purchasing Credit Card, and Visa® ePayables program.
Interest Rates & Interest Charges
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Annual Percentage Rate (APR) for Purchases |
0% introductory APR for 6 monthly billing cycles** from date of Account opening. After that, your APR will be 15.49% variable for Elite* Business VISA Accounts; 19.49% variable for Premier* Business VISA Accounts based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
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|---|---|
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Annual Percentage Rate (APR) for Balance Transfers |
0% introductory APR for 6 monthly billing cycles** from date of Account opening. After that, your APR will be 15.49% variable for Elite* Business VISA Accounts; 19.49% variable for Premier* Business VISA Accounts based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
|
|
Annual Percentage Rate (APR) for Cash Advances |
15.49% variable for Elite* Business VISA Accounts; 19.49% variable for Premier* Business VISA Accounts based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
|
Variable Rate Information |
Your APR may vary. The non-introductory rate for Purchases, Cash Advances and balance transfers is determined monthly by adding 6.99% for Elite Business VISA Accounts or 10.99% for Premier Business VISA Accounts to the highest U.S. Prime Rate published by The Wall Street Journal on the last day of the month. |
|
Penalty APR and When It Applies |
None |
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How to Avoid Paying Interest on Purchases |
For monthly billing, your due date is at least 25 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. We will begin charging interest on Cash Advances and balance transfers on the transaction date. For bi-weekly or weekly billing, your due date is at least 2 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 billing cycle. We will begin charging interest on Cash Advances and balance transfers on the transaction date. |
|
Minimum Interest Charge |
None |
Fees
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Annual Fees |
None |
|---|---|
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Balance Transfer Fee |
None |
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Cash Advance Fee |
Either $4 or 4% of the amount of each Cash Advance, whichever is greater. |
|
Foreign Transaction Fee |
1% of each transaction in U.S. dollars. |
|
Late Payment Fee |
$29 |
|
Over the Credit Limit Fee |
$29 |
|
Returned Payment Fee |
$29 |
Arvest Commercial Visa® Credit Card Agreement: For existing cardholders, to request a copy of your Arvest Commercial Visa® Credit Card Agreement, please call us at (855) 250-8508 or write to us at PO Box 6139, Norman, OK 73070.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Arvest Commercial Visa® Credit Card Agreement.
*Your application is a request for an Account with either Elite or Premier Business Pricing. We will first consider you for the pricing with the lowest rates. We determine your APR based on a review of your application and credit history.
**If weekly or bi-weekly billing is selected, the 0% introductory APR will be applied for a time period equivalent to 6 monthly billing cycles.
