Mutual of Omaha Bank Business MasterCard Terms and Conditions

On the record for Mutual of Omaha Bank Business MasterCard Terms and Conditions: a $39 annual fee and a 7.99% penalty rate, filed by AMC Fs.

What this filing discloses

Mutual of Omaha Bank Business MasterCard Terms and Conditions is one of the agreements AMC Fs has on file with the CFPB. The filing runs three pages, and It is issued on the Mastercard network.

The filing is explicit about a cash advance rate, a balance transfer rate, a penalty rate, an annual fee line and a late payment maximum. No figure appears for a purchase rate and a grace period.

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

Charges beyond interest

Holding the card costs $39 a year before any transaction takes place — about the 86th percentile among agreements in this index that state a fee.

Year one is free of the fee per the filing; $39 applies thereafter.

For cash advances the filing discloses a cash advance fee of $10 or 4% of the advance, whichever is greater and a cash advance APR of 17.99%.

Balance transfers cost $10 or 3% of the amount transferred, whichever is greater up front and then accrue at 7.99%. Transferring $3,000 would cost roughly $90 at the door.

Foreign transactions attract 3%. On $1,500 of overseas spending that is $45, charged on top of whatever exchange rate applies.

That is at the high end of this corpus — around the 91st percentile of disclosed foreign transaction fees.

The no-interest path

Where interest applies at all, the filing bills at least $0.50. On a tiny balance that floor can dwarf the rate itself.

What a missed payment costs

The agreement discloses penalty pricing of 7.99% — about the 2nd percentile of the 794 penalty rates recorded across this index.

The maximum late fee is $30 — roughly the 49th percentile of the late fee ceilings disclosed across this index.

How it sits in the issuer's own range

AMC Fs has 12 agreements indexed on this site. Their disclosed purchase rates run from 21.49% to 22.49%, though this particular filing does not state one in comparable form.

What you cannot learn from the filing

The disclosure parsed here does not state a purchase rate and a grace period. Those gaps are gaps in what could be read from the filing, and the PDF may well address them in prose the rate table does not capture.

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Where the authority sits

The original filing, 3 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

In short

Against that sits the $39 annual fee, which is unavoidable once the account is open. Given the parsing confidence on this filing, read the agreement itself before treating any of these figures as settled.