MilesAway Visa Signature Terms
Annual Fee
An annual membership fee (the “Annual Membership Fee”) may be charged to your Account for the privilege of having a Card(s). The amount of the Annual Membership Fee, if imposed, is disclosed in paragraph 23 of this Agreement, and we may charge interest on the unpaid amount of the Annual Membership Fee. The Annual Membership Fee is payable whether or not you use the Card(s).
The annual membership fees that apply for each MilesAway® Card type are as follows:
Card Option |
Annual Fee |
MilesAway Essential |
No annual fee |
MilesAway Classic |
No annual fee |
MilesAway Preferred |
$75 annual fee; however, the annual fee will be waived if you have at least $3,000 in Purchases during a year (a year is calculated as the 12-month period that begins on the anniversary date of opening your account). |
Periodic Rate of Finance Charge
The Periodic Rate on portions of your Account will be determined in accordance with either a fixed rate plan or a variable rate plan, depending on the MilesAway Card type. Introductory Rates may be used from time to time. We reserve the right to change these rates from time to time upon prior written notice to you in accordance with this Agreement and applicable law.
The “Periodic Rate” for any given billing cycle shall be calculated in accordance with the following formula: (Annual Percentage Rate/365) x (Number of days in billing cycle) = Periodic Rate.
Grace Period on Purchases
25 calendar days
Minimum Finance Charge
$0.50
Transaction Fees