Unlock rewards with qualifying account activity that make your line of credit more flexible to repay and more affordable to get money when you need it.
Fee Saver
When you make Qualifying Strings of Payments, Fee Saver rewards you by reducing the Statement Balance Fee you must pay each Billing Cycle. You may earn enough Fee Saver rewards over time to reduce your Statement Balance Fee by 33% to 60%, depending on the original fee schedule assigned to you at the time of application based on your creditworthiness.
For a full list of terms and definitions, visit the Line of Credit glossary page.
Fee Saver will now help customers reduce the Cash Advance Fee incurred when you request a Cash Advance instead of the Statement Balance Fee. Statement Balance Fees will no longer be reduced as part of the program. During the term of your Account, you will not lose any reductions in Statement Balance Fees that have been applied to your Account before the effective date of this change. Any successful payments made towards your Qualifying String of Payments under the current program will count toward the new Fee Saver reward program. Note that the Fee Saver rewards program will remain subject to the terms of your line of credit agreement.
How it works
Effective April 7, each time you make a Qualifying String of Payments, we’ll reduce your Cash Advance Fee by 1.25%, so more money goes into your account with each Cash Advance. Keep up the Qualifying String of Payments, and we’ll continue lowering your Cash Advance Fee every six months — until it eventually drops to 0%.
You will not lose any reductions in Statement Balance Fees that have already been earned, and they will continue to apply to your Account. Any successful payments made towards your Qualifying String of Payments under the current program will count toward the new Fee Saver reward program once effective.
Disclaimer: We may make changes to the Fee Saver program at any time, including, but not limited to, canceling the program, reducing the amount of the reductions, imposing caps on the amount of reductions that can be earned, or decreasing the rate at which you earn reductions. We reserve the right to change terms of the program in accordance with applicable law. We may temporarily prohibit you from earning Fee Saver reductions if your Account is closed, frozen or in past due status, but you will not lose the reductions you have already earned. However, any progress you have made in a Qualifying String of Payments to earn another reduction will be lost and you will not start making progress towards your next Qualifying String of Payments until you bring your account current.
Apply for a line of credit without affecting your credit score.
The Fee Saver rewards program details outlined below will only be effective through April 6, 2025.
The percentage saved in the example above is based on a starting Statement Balance Fee of $10 owed per $100 borrowed. Your fees and percentage saved may be less depending on the fee schedule assigned to you at the time of application based on your creditworthiness.
Fee Saver is an earned reward that reduces the Statement Balance Fee you must pay each Billing Cycle.
You can earn Fee Saver rewards over time as you make Qualifying Strings of Payments (12 consecutive Bi-weekly/Semi-monthly or six consecutive Monthly payments). That means you can begin saving after just six months, with an 8% to 13% Statement Balance Fee reduction!
After 12 months of on-time payments, your savings will increase again. As you continue to make on-time payments, you'll continue to increase your Fee Saver rewards, up to the maximum Fee Saver reward.
The percentage saved is based on the fee schedule assigned to you at the time of application based on your creditworthiness. For more information on how Fee Saver rewards build over time, visit the Rates & Terms.
You can accrue three to eight Fee Saver rewards by making consecutive Qualifying Strings of Payments over time. This means you may be able to reduce your Statement Balance Fee by 33% to 60%, depending on the original fee schedule assigned to you at the time of application based on your creditworthiness.
Fee Saver rewards are automatically applied to your account when you make a Qualifying String of Payments.
You can view your reduced Statement Balance Fee under “Fee Saver Status” within the “My Account” menu.
This won't affect your credit score.
