Product Information

(Min. $1,000 - Max $25,000)

Tell Us About Your Company

to appear on card
street address
if different from Business Address
( ) -
Legal Status:

Tell Us About The Authorized Officer

Business Owner (Authorized Officer)

first, last
Role In Company:
( ) -

Business Owner (Authorized Officer)

first, last
Role In Company:
( ) -

Tell Us About The Authorized Cardholder

1st Individual Cardholder

first, last
street address

2nd Individual Cardholder

first, last
street address

3rd Individual Cardholder

first, last
street address

Balance Transfers

Please transfer the amounts(s) from the Creditor(s) and account number(s) listed (in order of preference) below to my new account. (Minimum balance transfer amount is $1,000)

from Credit Card
from Credit Card
from Credit Card

Balance transfers will be processed upon approval of your application. Please allow up to 3 weeks after your application is approved and you have received your Valley Business Credit Card for your balance transfer request(s) to be processed.

Certification Regarding Beneficial Owners of Legal Entity Customers

What is this form?
To help the government fight financial crime, federal regulation requires certain financial institutions to obtain, verify, and record information about the beneficial owners of legal entity customers. Legal entities can be abused to disguise involvement in terrorist financing, money laundering, tax evasion, corruption, fraud, and other financial crimes. Requiring the disclosure of key individuals who ultimately own or control a legal entity (i.e., the beneficial owners) helps law enforcement investigate and prosecute these crimes.

I. Certification of Beneficial Owner(s)

Persons opening an account or maintaining a business relationship on behalf of a legal entity must provide the following information:

II. Exclusions and Exceptions

The CDD Rule excludes and exempts certain entities from the definition of legal entity customer. If one of the exclusions or exceptions do not apply, please skip this section.

Please check any of the following that apply to the entity that is opening an account(s):

If the box checked includes an asterisk (*), please continue to Section IV.



If any of the other items in the “Exclusions and Exceptions” Section apply, please continue to the certification at the end of the application.

III. Beneficial Owner(s) Information

The following information must be provided for each individual, if any, who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, owns 25 percent or more of the equity interests of the legal entity listed above. If no individual meets this definition, please check “No single individual with 25% or more ownership” below and skip to Section IV.

For a person with a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), provide the SSN/ITIN.

For a non-U.S. person without a SSN/ITIN, provide a Passport Number and Country of Issuance. In lieu of a passport, non-U.S. persons may also provide a U.S. government-issued Alien ID or other foreign government-issued documents evidencing nationality or residence and bearing a photograph or similar safeguard.

Beneficial Owner 1 Information

TIN Type:

Beneficial Owner 2 Information

TIN Type:

Beneficial Owner 3 Information

TIN Type:

Beneficial Owner 4 Information

TIN Type:

IV. Controlling Person

The following information must be provided for one individual with significant responsibility for managing the legal entity listed above, such as:

  • An executive officer or senior manager (e.g., Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer); or
  • Any other individual who regularly performs similar functions.

If appropriate, an individual listed under Section III above may also be listed in this Section IV.

For a person with a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), provide the SSN/ITIN.

For a non-U.S. person without a SSN/ITIN, provide a Passport Number and Country of Issuance. In lieu of a passport, non-U.S. persons may also provide a U.S. government-issued Alien ID or other foreign government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard.

TIN Type:

Disclosure of Credit Card Terms

If your application is approved, you will receive a Valley Visa Cardholder Agreement with your card.

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

0.00% introductory APR for the first nine (9) billing cycles from account opening. After that, your APR will be 15.95% to 27.50% 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

0.00% introductory APR for the first nine (9) billing cycles from account opening.
After that, your APR will be 15.95% to 27.50% 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

18.75%. This APR will vary with the market based on the Prime Rate.

Penalty APR and When it Applies

27.50% This APR will vary with the market based on the Prime Rate. The APR may be applied to your account if your minimum required payment is more than 60 days past due.
How Long Will the Penalty APR Apply? The Penalty APR will apply to your account unless you make the required minimum payment when due for six consecutive monthly billing cycles immediately following the date the Penalty APR is imposed.

Grace Period

Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. Subject to the terms of any introductory or special offers. We will begin charging interest on cash advances and balance transfers on the transaction date.

Fees

Annual Fee

None.

Transaction Fees
  • Cash Advance

4% of the amount of each Cash Advance or $5, whichever is greater.
  • Balance Transfer

4% of the amount of each Balance Transfer or $5, whichever is greater.
  • Foreign Transaction

2% of the amount of each transaction in U.S. Dollars.

Penalty Fees
  • Late Payment

Up to $39.
  • Over-the-Credit Limit

None.
  • Returned Payment

$39.

Other Fees
  • Activity Fee

$.50 in each billing cycle in which there is a Cash Advance or Balance Transfer balance.

Loss of Introductory APRs: We may end your introductory APRs and apply the Penalty APR if your minimum required payment is more than 60 days past due.

Prime Rate: The Prime Rate is the highest Prime Rate published in the New York Times on the first business day of each calendar quarter.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

U.S. Businesses and Citizens; Resident Aliens. . Valley’s business credit card programs are available to U.S. businesses, including as applicable U.S. citizens and resident aliens residing in the U.S. Subject to Credit Approval. All applications are subject to credit approval in accordance with Valley’s credit standards and eligibility requirements.

Minimum Age. Each Cardholder must be at least 18 years of age.

Introductory Balance Transfer Terms. You may request up to three (3) balance transfers at the introductory balance transfer APR. The introductory balance transfer APR will apply for the first nine (9) billing cycles from account opening to balance transfers requested within 30 days of account opening. The balance transfer transaction fee will be charged for all balance transfers. Each balance transfer will reduce your available credit. Please allow up to three (3) weeks for your balance transfer request(s) to be processed, and you will need to continue to make payments to your accounts with other institutions to keep them current until you have confirmed that the balance transfers have occurred. Balance transfers cannot be used to pay loan or credit card accounts at Valley National Bank, or any of its affiliates. We may decline to process any full or partial balance transfer request if the balance transfer and any related fees and finance charges would increase your account balance beyond your available credit limit. There is no grace period on balance transfers. If you fail to make a payment to Valley National Bank when due, we may terminate the introductory balance transfer APR and increase the APR on your account to the Penalty APR.

Payment Allocation. If your account has balances with different APRs, the amount of your payment equal to the minimum payment due will be applied to the balance with the lowest APR before any payments are applied to balances with higher APRs. Any amount of your payment that is greater than the minimum payment due will be applied to the balance with the highest APR before being applied to balances with lower APRs. Payments received by 5 p.m. local time at our payment processing facility will be credited as of that day to your account.

Cardholder Agreement. If an account is opened, you will receive a Cardholder Agreement with your Card(s). You agree to the terms and conditions of the Cardholder Agreement by using the account or any card, by authorizing the use of the account or any card.

Change in Terms. Except for promotional and introductory APR’s, we have the right to change the account terms at any time in accordance with your Cardholder Agreement and applicable law.

Individual and Company Liability. You understand that if an account is opened, you agree to be personally responsible, both individually and jointly with the Company, for payment of all balances incurred on all Cards issued pursuant to your application. Additional details are included in the Cardholder Agreement.

Deposit Account Requirements. In addition to the terms noted above, by signing the secured credit card application, you agree that:

  1. If your application is approved, you will open a deposit account and fund the account with an amount equal to one hundred ten (110%) percent of your approved credit limit. The amount deposited by you in the deposit account will be used as collateral to secure the obligations to the Bank that you incur from time to time in connection with your credit card account. Depositing funds greater than one hundred ten (110%) percent of your approved credit limit will not increase your credit limit.
  2. You will also execute and be bound by a Deposit Account Security Agreement.
  3. The Deposit Account has the following terms to which you agree: THE DEPOSIT ACCOUNT DOES NOT EARN INTEREST.
  4. Once your credit card is issued, the deposit account will be locked. You will not have access to the funds in the deposit account while the Deposit Account Security Agreement remains in effect.

USA Patriot Act. Federal law requires all financial institutions to obtain, verify and record information that identifies each business or person who opens an account. In order to open an account, we must ask for your: business name, business address, tax identification number and other identifying information; as applicable, the name, address and other identifying information for each Business Owner/Authorized Officer or sole proprietors. We may also request your driver’s license or other identifying documents, even if you currently maintain a banking relationship with us. Strict adherence to these regulations helps to protect both financial institutions and bank customers from criminal activity. Your cooperation is greatly appreciated.

Certification
By checking the box below, the Authorized Officer(s) acknowledge on behalf of the business entity: (1) that all information provided is complete and correct and agree to notify Valley of any change in the information provided; (2) Valley may obtain and exchange information on the Authorized Officer(s) and the business entity with credit reporting agencies and others; (3) all terms of the Cardholder Agreement provided with the cards; (4) that the business entity and Authorized Officer(s) personally will each be liable for all charges, fees and finance charges on all the cards and accounts issued pursuant to this request or any future requests to add additional cards or accounts.