Understanding the terms and conditions associated with your credit card is crucial. This document outlines the essential disclosures for the Farm Bureau Member Rewards Mastercard, ensuring you are fully informed about how your rewards program operates and what terms apply.
Decoding Your Rewards: Points and Purchases
With the Farm Bureau Member Rewards Mastercard, eligible purchases are the cornerstone of your rewards accumulation. These include purchases made using your signature or PIN, as well as online, phone, or mail-order transactions. However, it’s important to note that certain transactions do not qualify, such as Cash Advances, Balance Transfers, credits, and returns.
Maximize Your Points:
- Triple Reward Points: Earn triple points on purchases falling under specific merchant codes (5411, 5499, 5541, 5542, 5812, 5813, 5814). This is capped at $1500 quarterly. These categories typically include grocery stores, various food stores, gas stations, and eating places/restaurants.
- Double Reward Points: Receive double reward points on transactions with merchant codes (5085, 5960, 6300, 8389, 8699). These categories generally relate to farm supplies, insurance services, and membership organizations.
Membership Dues Reimbursement: Eligibility and Requirements
Farm Bureau Bank offers a unique benefit: membership dues reimbursement. This is based on your spending within a calendar year that concludes 60 days before your membership renewal month. Balance transfers and cash advances are excluded from this spending calculation. Eligibility and minimum annual spending requirements for dues reimbursement vary by state. Detailed information can be found at the membership dues section (link in original document). This benefit is available to both new and existing Farm Bureau members.
APR and Interest Rates: Understanding the Terms
Interest rates, expressed as Annual Percentage Rates (APRs), are subject to change based on market fluctuations, particularly the Prime Rate.
- Introductory APR: A special introductory APR applies to purchases made within the first 9 billing cycles.
- Variable APR: After the introductory period, the APR will revert to the standard variable rate, which is linked to the market and detailed on your statement.
- Early APR Termination: Failure to make timely payments may result in the early termination of the introductory APR.
- Payment Allocation: Payments exceeding the minimum amount due are strategically applied to balances with the highest APR first, helping you manage interest costs effectively.
For complete details on APRs, refer to the comprehensive card Terms and Conditions and/or [Credit Card Agreement](/FarmBureauBank/media/PDFs/Consumer-Rewards-MasterCard-Credit-Card-Agreement.pdf) for the Farm Bureau Member Rewards Mastercard.
Additional Fees: Be Aware
Beyond interest, other fees may be applicable to your Farm Bureau Bank Member Rewards Mastercard account. It is important to review the fee schedule associated with your card to understand potential costs.
Member Rewards Program: Detailed Terms
The specifics of the rewards program, including point redemption and other conditions, are outlined in the complete Member Rewards Program Terms. Consult this document for a thorough understanding of how to maximize your rewards.
Concierge Services: World Mastercard Benefit
Concierge services are a premium benefit exclusively for World Mastercard holders. This service provides personalized assistance with various tasks and arrangements. Note that while the concierge service is provided, the cost of any goods or services procured through the concierge is billed directly to your Mastercard.
Credit Approval and Card Variations: What to Expect
All offers are contingent upon credit approval. Not all applicants will qualify for the World Mastercard and its full suite of benefits. The specific benefits you receive will depend on the type of card you are approved for. Applicants who do not meet the criteria for the World Mastercard, or whose reported income is deemed insufficient, may be offered a Platinum card, which comes with a different set of benefits. Details on the Platinum Mastercard benefits can be found in the Platinum Mastercard Guide to Benefits.
Introductory Offers and Point Expiration: Key Timeframes
- New Card Member Offers: Introductory APR and statement credit offers are exclusively for new card members.
- Point Expiration: Reward points accumulated through the Farm Bureau Member Rewards Mastercard will expire after four (4) full years from the date they are earned.
Further Information: Accessing Complete Terms
Additional terms, conditions, and exclusions apply to the Farm Bureau Member Rewards Mastercard program. For complete details, please consult the World Guide to Benefits or contact Farm Bureau Bank directly at 1.800.492.3276.
By understanding these key disclosures, you can confidently utilize your Farm Bureau Bank Member Rewards Mastercard and take full advantage of its benefits. Always refer to the official terms and conditions documents for the most accurate and up-to-date information.
