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Patterson Business Rewards Visa® Card Terms and Conditions
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

We may change APRs, fees, and other Account terms in the future based on your experience with U.S. Bank National Association and its affiliates as provided under the Cardmember Agreement and applicable law.

How We Apply Your Payments: We apply your payments to balances with lower APRs first.

Disclosure of Credit Card Terms
Interest Rates and Interest Charges Patterson Business Rewards Visa® Card
Annual Percentage Rate (APR) for Purchases 0.00% Promotional APR on qualifying Purchases for first 9 billing cycles.1  After that, and for all non-qualifying purchases,  
Patterson Business Rewards Visa® Card: 9.99% to 15.99% based on your creditworthiness when you open your account.
This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers Patterson Business Rewards Visa® Card: 9.99% to 15.99% based on your creditworthiness when you open your account.
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances Patterson Business Rewards Visa® Card: 23.99%
This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies 28.99%      This APR will vary with the market based on the Prime Rate.
This APR may be applied to your account if you:
1) Make payments 5 calendar days late twice, or 30 calendar days late once; or
2) Make a payment that is returned; or
3) If you exceed your Credit Limit 2 times in 12 consecutive months.
How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will apply until you make 6 consecutive minimum payments when due and do not exceed your Credit Limit during that time period.
How to Avoid Paying Interest on Purchases Your due date is 24 - 30 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month.
Minimum Interest Charge If you are charged interest, the charge will be no less than $2.
Fees Patterson Business Rewards Visa® Card
Annual Fee
Annual Membership Fee
Transaction Fees
Balance Transfer
Either 3% of the amount of each transfer or $5 minimum, whichever is greater.
Convenience Check Cash Advance
Either 3% of the amount of each advance or $5 minimum, whichever is greater.
Cash Advance ATM
Either 4% of the amount of each advance or $10 minimum, whichever is greater.
Cash Advance
Either 4% of the amount of each advance or $10 minimum, whichever is greater.
Cash Equivalent Advance
Either 4% of the amount of each advance or $20 minimum, whichever is greater.
Overdraft Protection
Foreign Transaction
2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars
3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency
Penalty Fees
Late Payment
$19 on balances up to $100,  $29 on balances from $100 up to $250,  $39 on balances of $250 or more
Returned Payment
How We Will Calculate Your Balance: We use a method called 'average daily balance (including new purchases)'. See your Cardmember Agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardmember Agreement.
Loss of Introductory APR: We may end your introductory APR and apply the standard APR or Penalty APR if you make a late payment, make a payment that is returned, or your account exceeds its Credit Limit.
The information about the costs of the card described in this application is accurate as of 08/2020. This information may have changed after this date. To find out what may have changed, call us at 1-866-485-4545 (we accept relay calls) or write to us at P.O. Box 6353, Fargo, ND 58125-6353.
1The promotional fixed rate applied to qualified Purchases for the first 9 billing cycles is .00000% DPR with a corresponding APR of 0.00%. In order to qualify for this promotional rate, Purchases must post within 279 days of Account opening.
How Variable Interest Rates Are Determined: After the introductory period, your interest rate is a variable rate and is determined by a combination of the Prime Rate (which may vary) added to a margin (which does not change). Because the Prime Rate may vary, your variable interest rate will go up or down if the Prime Rate changes. If you are granted an Account, the following rates on the Account are variable: Non-Introductory Purchase Rate; Non-Introductory Balance Transfer Rate; Cash Advance Rate. More information is available in the Cardmember Agreement.
Notice to Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Important Terms and Application Agreement:

Business Owner authorizes U.S. Bank National Association ("Bank," "we," "us" or "our") to obtain a consumer credit report and a business credit report for use in assessing his/her personal creditworthiness in connection with an application by Business, of which Business Owner is an employee, principal, owner, partner, officer or guarantor for a Patterson Business Rewards Visa Account. The Bank needs such consumer reports because Business Owner may have direct, contingent, present or future liability to the Bank for the Business's obligation in connection with the Account. All Applicants agree that as long as the Account is open, the Bank may obtain additional credit reports about the Applicants from time to time. Bank reserves the right to consider the applicant for a lower line of credit if one was requested. This Application must be signed by a Business Owner with authority to bind the Business to the terms of this Application Agreement. The Business Owner certifies that the execution, delivery and performance of this Application has been authorized by all necessary corporate action by the Business, and will provide evidence of such action upon request. If the Business is approved for the Patterson Business Rewards Visa Card, the Business Owner requests and directs Bank to open a Patterson Business Rewards Visa Card Account ("Account") and to issue a Patterson Business Rewards Visa Card ("Cards") to any Individual Employees of the Business, including the Business Owner, designated by the Business Owner on this Application or its addendum, or by any process agreed to by Bank and the Business. The Business Owner and the Business shall be jointly and severally liable for all charges on the Account. Each applicant understands and agrees that we may increase or decrease the APR or credit limit assigned to the Account and/or to the Cards within the Account or close the Account at any time based upon credit guidelines, credit report information, Account history, or the financial circumstances of the Cardmember. At the time the Account is opened, Individual Employees, including the Business Owner, will be issued Cards and a Patterson Business Rewards Visa Cardmember Agreement governing individual use of the Account. By providing us with a telephone number for a cellular phone or other wireless device, including a number that you later convert to a cellular number, you are expressly consenting to receiving communications—including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system—from us and our affiliates and agents at that number. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls for non-marketing purposes. Calls and messages may incur access fees from your cellular provider. Use of the Card or the Account will signify acceptance of the terms of the Cardmember Agreement, which may be amended from time to time. All applicants must be at least 18 years old and agree that Accounts will be used primarily for business purposes, and not personal, family, or household purposes. Information from this Application may be shared with Bank affiliates. Cash access is subject to credit approval.  You certify that to the best of your knowledge, the information provided about yourself, the name and address provided for the legal entity customer, and the information provided about the beneficial owner(s) and/or the individual with control over the legal entity customer is complete and correct.

Patterson Rewards Points Program:

Account must be open and in good standing to earn and redeem rewards and benefits. Upon approval, please refer to your Cardmember Agreement for additional information.

You will earn Reward Points ("Points") for each dollar ($1) of Net Purchases (purchases minus credits and returns) charged to your Patterson Business Rewards Visa Card Account during each Account statement period:

  • two (2) points for each eligible net dollar ($1) spent on purchases at Patterson and
  • one (1) point for each eligible net dollar ($1) spent on purchases everywhere else Visa cards are accepted.

Net purchases are purchases minus credits and returns. Points are considered earned when they post to the Rewards Center's redemption system. Accounts will be updated monthly. Points may take up to 60 days to be posted following a qualifying purchase.

Points will not be awarded to you for Net Purchases during a statement period if your account is not open and in good standing on the statement closing date. Points are not earned for Advances (such as Overdraft Protection, wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Convenience Checks, Balance Transfers, Interest Charges and Fees, credit insurance charges, or transactions to fund certain prepaid card products.

Cardmembers may redeem earned rewards points for travel rewards, rewards gift cards/certificates, merchandise rewards and other rewards items. Cash back may be redeemed as a statement credit or as a U.S. Bank Rewards Visa® Card. The complete range and variety of available rewards items and the number of points needed to obtain each reward are provided in the online Rewards Center. Cardmembers can access the Rewards Center by enrolling in Online Banking at and then logging into their account at Rewards items and the points value assigned to rewards items are subject to change from time to time without notice.

Complete Rewards Program terms and conditions are provided to Patterson Business Rewards Visa Cardmembers in the Rewards Program Rules.

The creditor and issuer of the Patterson Business Rewards Visa® Card is U.S.Bank National Association, pursuant to a license from Visa U.S.A. Inc.

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