Updates to Annual Interest Rates and Cardholder Agreement
We are making important changes to Interest Rates for Purchases & Cash Advance, and updates to Cardholder Agreement of your credit card account.
Updates to Annual Interest Rates for Purchases & Cash Advance.
The Annual Interest Rates for Purchases and Cash Advance for the following products are increasing as detailed below starting May 01, 2024:
| Product | Interest Rates on Purchases & Cash Advance Before May 1, 2024 | Interest Rates on Purchases & Cash Advance Starting May 1, 2024 |
| Consumer Classic | Annual Interest Rates for Purchases & Cash Advance: 12.99% | Annual Interest Rates for Purchases & Cash Advance: 13.99% |
| Centra Gold | Annual Interest Rates for Purchases & Cash Advance: 11.99% | Annual Interest Rates for Purchases & Cash Advance: 12.99% |
| Low Rate Business | Annual Interest Rates for Purchases & Cash Advance: 12.99% | Annual Interest Rates for Purchases & Cash Advance: 13.99% |
All other fees and terms of your card remain unchanged, including the benefits and privileges you enjoy. These include:
- Guaranteed low interest on all transactions including cash advances.
- 0% Balance Transfer with a one-time 2% fee.
- Access to your account online anytime, anywhere through CardWise.
Updates to Cardholder Agreement
We’re updating the Cardholder Agreement and the changes will take effect on June 17, 2024.
We’re adding the means through which we can notify you on any changes to the Cardholder Agreement and asking that you update your contact information with us if there any changes.
| NEW! Adding Sections 27 & 28 to your Cardhlder Agreement |
| 27. Electronic Communications We may communicate with you by using electronic means about any matter related to the Account, this Agreement or anything disclosed on the Card Carrier (for example, changes to interest rates and fees). In particular, this includes communicating with you through email. This means that we may send you any information by electronic means. This includes notices, messages, alerts, changes to this Agreement or anything disclosed on the Card Carrier. 28: Your Contact Information We will send communications to your address. You must contact us right away if you make any changes to:
• Your account information;
• Your mailing address;
• Your name; or
• Any other contact information you gave us such as your mobile number and/or email address. |
Updates to Collabria Credit Cards Rewards Program Rules
We’re updating the Credit Cards Rewards Program Rules to udpate the notification for changes and amendements to the program rules, and the changes will take effect on June 17, 2024.
Section 5: Points Issuance
| Before June 17, 2024 | Starting June 17, 2024 |
| (For greater clarity, we’ve omitted the parts of this Section that remained unchanged.)
…
We may establish other qualifying and non-qualifying transactions from time to time, provided that we will provide you with prior written notice of such change at least 60 days prior to that change and that notice will contain a description of the change (including, as applicable, a description of the new/amended clause and the former version of the clause).
… | (For greater clarity, we’ve omitted the parts of this Section that remained unchanged.)
…
We may establish other qualifying and non-qualifying transactions from time to time.
… |
Section 19: Amendments
| Before June 17, 2024 | Starting June 17, 2024 |
| We may make changes in the Program including but not limited to: - Changes to any Reward;
- Changes to the Points required to be redeemed for any Reward; and
- Changes to the Earn Rate;
provided that we will provide you with prior written notice of such change at least 60 days prior to that change and that notice will contain a description of the change (including, as applicable, a description of the new/amended clause and the former version of the clause).
| We may make changes in the Program at any time, with or without notice, including but not limited to: - Changes to any Reward;
- Changes to the Points required to be redeemed for any Reward; and
- Changes to the Earn Rate;
We may also at any time, with or without notice: - Cancel, change or substitute rewards; and
- Change the terms and conditions of the program.
|
We’re also adding the means through which we can notify cardholders on any changes to the Credit Cards Rewards Program Rules and asking to update your contact information with us if there any changes.
| NEW! Adding Sections 20 & 21 to your Credit Cards Rewards Program Rules |
| 20. Electronic Communications We may communicate with you by using electronic means about any matter related to the Account, this Agreement or anything disclosed on the Card Carrier (for example, changes to interest rates and fees). In particular, this includes communicating with you through email. This means that we may send you any information by electronic means. This includes notices, messages, alerts, changes to this Agreement or anything disclosed on the Card Carrier. 21: Your Contact Information We will send communications to your address. You must contact us right away if you make any changes to:
• Your account information;
• Your mailing address;
• Your name; or
• Any other contact information you gave us such as your mobile number and/or email address. |
Consumer Cardholder Agreement
Please use the scroll bar on the right to view the original Consumer Cardholder Agreement effective until June 17, 2024. You may also download or print this document by clicking on the 'Download' or 'Print' icons.