This table summarizes certain costs for Regions Explore Card. This Account is governed by the Credit Card Agreement sent with the Card, which contains the full terms and conditions of the Account. Regions may change the interest rates, fees and other terms as provided in the Credit Card Agreement. This information about the costs of the cards is accurate as of October 1, 2018, but may have changed since that date. To find out what may have changed, you can call us at 1-800-253-2265. Please carefully review this information.
| Interest Rates and Interest Charges | |
| Annual Percentage Rate (APR) for Purchases | 24.74% This APR will vary with the market based on the Prime Rate.a |
| APR for Balance Transfers | 24.74% This APR will vary with the market based on the Prime Rate.a |
| APR for Cash Advances | 26.99% This APR will vary with the market based on the Prime Rate.b |
| How to Avoid Paying Interest on Purchases | Your due date is at least 21 days after the close of each billing cycle. The Bank will not charge any interest on purchases if the Business pays its entire balance by the due date each month. |
| Minimum Interest Charge | If the Business is charged interest, the charge will be no less than $1.50. |
| For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore. |
| Fees | |
| Annual Fee | $29 |
|
Transaction Fees:
|
Either $10 or 4% of the amount of each transfer, whichever is greater. |
|
Either $10 or 4% of the amount of each cash advance, whichever is greater. |
|
None |
|
Penalty Fees
|
Up to $38 |
How the Bank Will Calculate Your' Balance: We use a method called "average daily balances (including new transactions)." See your account agreement for more details.
Variable Rates: Variable rates on the account are calculated by adding together an index and a margin. The margins are shown below. The index is the highest U.S. Prime Rate as published in the "Money Rates" section of The Wall Street Journal on the last publication day of each month. If The Wall Street Journal does not publish the U.S. Prime Rate, or if it changes the definition of the U.S. Prime Rate, Regions may, in its sole discretion, substitute another index. An increase or decrease in the index will cause a corresponding increase or decrease in your variable rates on the first day of your billing cycle that begins in the same month in which the index is published. An increase in the index means that you will pay higher interest charges and have a higher Total Minimum Payment Due.
a Standard Rate for Purchases and Balance Transfers
The Wall Street Journal Prime + a margin of 19.49
b Standard Rate for Cash Advances for Prestige Platinum and Signature
The Wall Street Journal Prime + a margin of 21.74%