My statement has a line that says, “Monthly Processing Fee…” What is that?
top A $2.50 processing fee per card is deducted from Cash Rewards paid every month as follows: (i) for credit card accounts, the $2.50 per month fee is applicable to the account, regardless of the number of credit cards issued or used to earn Cash Rewards; (ii) for debit card accounts, the $2.50 per month fee is applicable to each card issued for which Cash Rewards are paid during the month. For example, if a joint account has two debit cards, and Cash Rewards are paid during a month with respect to each of the cards, the total processing fee charged to the account would be $5.00. It’s that amount you’re seeing itemized on your statement.
