Financing major expenses has never been easier
At Butterfield we understand that you work hard and want the best for you and your family. At times you may need extra credit to help you take the next step in life or pay for major expenses; whether it’s college tuition, a dream wedding, home renovations, or a family vacation. Butterfield Line can make reaching your goals easier.
In addition, Butterfield Line can help you manage those unexpected expenses, like home and auto repairs or the replacement of major appliances.
How Butterfield Line works
Butterfield Line allows you to take full advantage of the value of your most important investment-your home. A one-time application provides access to a revolving line of credit that’s accessible via a specially designed Visa® Card. There’s never a need to reapply for access to any portion of your unused credit line. Use it at your discretion where and when you need it.
Qualifying for the Butterfield Line is based on
- the available equity in your home
- your gross monthly income
- your ability to repay
Features and Benefits
- You apply once and only once for Butterfield Line.
- Provide your spouse or family members access to funds through additional Butterfield Line credit cards.
- Flexible repayment terms.
- Worldwide acceptance.
- Cash advances at ATMs.
- Visa Global Services™.
- Visa Travel Insurance™.
- Free auto pay services.
Schedule of Fees
| Butterfield Line |
|
| Monthly Fee |
USD $15 |
| Additional Cardholder Monthly Fee |
USD $5 |
|
Card Replacement Fee |
2% of value of transaction or minimum of USD 10.00 |
| Late Payment Fee |
USD $35 |
| Over Limit Fee |
USD 35.00 |
| Auto-Pay Setup |
Free |
| Auto-Pay monthly Fee |
Free |
|
Interest Rate
|
USD Prime + 3% - Secure line
USD Prime + 6% - Unsecure line |
How to use your Butterfield Line
Once your Butterfield Line account is established, you can use your credit line to make purchases anytime; anywhere Visa® is accepted using your Butterfield Line Visa® Card.
How to get started
If you’re ready to experience the convenience of Butterfield Line, apply today by calling us at 949 7055 or visit us at one of our three Banking Centres.
