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J.P. MORGAN CHASE BANK-2016
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J.P. MORGAN CHASE BANK-2016
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Last modified
3/31/2017 12:58:30 PM
Creation date
1/10/2017 3:43:03 PM
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Contracts
Company Name
JP MORGAN CHASE BANK
Contract #
A-2016-366
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
12/6/2016
Expiration Date
12/31/2019
Insurance Exp Date
6/1/2017
Destruction Year
0
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UNITED STATES <br />The following are the fees associated with U.S. One Card program: <br />Late payment charge Central bill: 1 % of full amount past due assessed at end of the Cycle in which payment first <br />became due and each Cycle thereafter <br />Individual Bill: 1% of full amount past due assessed 28 days after end of the Cycle in which <br />payment first became due and each Cycle thereafter <br />International transaction 1.5% of the US Dollar amount charged <br />Rush card $25 per card if processed through J.P. Morgan. If processed through the Credit Card Network, <br />the Organization shall pay any fees charged by the Credit Card Network. <br />.._---- ....___T <br />Standard card $0.00 <br />Cash advances <br />2.5% of amount advanced ($2.50 minimum with no maximum) <br />Convenience check <br />2% of check amount ($1.50 minimum with no maximum) <br />Executive card <br />$75 annual fee per card <br />Corporate card rewards <br />$75 annual fee per card. A rewards program annual fee of $75 will be assessed to each <br />Cardholder's travel card account. The annual fee will be divided as follows: $35 dollars will <br />cover J.P. Morgan's administrative costs and the remaining $40 will be put into the <br />Organization's redemption pool. J.P. Morgan may at any time change the amount of the annual <br />fee and /or the allocation of this amount without notice. If the rewards program redemption <br />expenses incurred each calendar year (regardless of when points are earned) exceed the <br />amount of funds available in the redemption pool (the "excess redemption expenses "), the <br />excess redemption expenses will be deducted from any rebate. If the rebate earned is not <br />sufficient to cover the excess redemption expenses, J.P. Morgan will invoice the Organization <br />for the excess redemption expenses. The Organization shall pay such invoice within 14 days of <br />receipt. <br />If the Organization requests services not listed in this table, the Organization agrees to pay the fees associated with <br />such services. <br />J.p fli'm <br />
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