Mastercard Corporate Card
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Annual Percentage Rate
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Your Annual Percentage Rate may vary quarterly. The rate will be the New York Prime Rate as reported in The Wall Street Journal on the 1st business day of January, April, July, and October, plus 3.5%.
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Free Grace Period
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No finance or service charge will be assessed on purchases of goods or services if we receive payment in full within 25 days of the closing date of the prior billing period. On cash advances finance charges are assessed from the day the cash advance posts to your account until the day we receive payment in full.
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Finance Charge Calcution Method
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Average daily balance method, $ .50 minimum finance charge.
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Other Fees
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Processing fee for a returned check will be $20.00
Over limit fee is $15.00
Late payment fee $15.00
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Transaction Fee
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Cash advance fee 2%, maximum of $10.00 with $1.00 minimum.
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Merchant Accounts
CSBank offers two options for merchant processing.
Touchtone-processed by phone:
Discount rate
.3.00% of sales
Monthly Minimum fee
...$5.00
Chargeback fee
$15.00
Authorization fee
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..$0.40/authorization
Equipment needed: Manual Imprinter
.$42.00
Sales Slips
FREE
Electronic-processed thru a terminal:
Discount rate
.2.75% of sales
Monthly Minimum fee
...$5.00
Chargeback fee
$15.00
Authorization fee
.
..$0.22/authorization
Equipment needed:
Terminal and printer*
*You may use or purchase your own terminals and printers, as long as they are compatible with the Shazam network.
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