General (Credit Cards)



The prime rate is an index banks use to calculate variable interest rates. The U.S. prime rate is published each month in the money rates table of The Wall Street Journal and goes into effect on the last day of the month. Each billing cycle adds a specified amount ('spread') to the prime rate to calculate the variable APRs.
Yes, the prime rate can and does increase and decrease. Whenever the prime rate changes, the newly adjusted APRs take effect on the first day of your billing cycle beginning in the next month.
A variable rate is a rate that can increase or decrease based on a market’s index, such as the prime rate.
No, the minimum age for a credit card is governed and determined by state laws.
Secured credit cards require a savings account to serve as collateral for the card. They are designed for people who have no or poor credit history and can be an excellent way to establish a positive credit history.

  • Similarities: Prepaid and secured credit cards require you to deposit money before you can use them. Both can be used at gas pumps, grocery stores, etc., for purchases.
  • Differences: Prepaid cards do not have a credit limit, while secured cards do. Before being approved for a secured credit card, you must make a security deposit against its credit limit. This security deposit is then placed in a savings account and kept there until you close the account or until your card is converted to an unsecured credit card.
  • Secured credit cards work a lot like regular credit cards. You are responsible for making timely payments with a secured card, just like with a regular card. This helps you practice good repayment habits and establish a positive payment history, an important part of rebuilding or establishing credit. When you make a purchase with a secured credit card, the amount is deducted from the revolving credit limit. The available credit limit increases again when you pay off your credit card balance, just like with a regular credit card. A security deposit is required for a secured card because you are a higher-risk borrower.
  • Prepaid cards, however, have no credit limit. You simply make a deposit onto the card, and then it goes into the account. When you make a purchase with a prepaid card, the amount is deducted from the balance. Once all of the deposit has been spent, more money must be deposited before you can spend again.
Yes! Follow this link to make a one-time payment to your credit card account. 
Yes. We have a vast amount of Financial Calculators for you to use. One such calculator is designed to show you how to payoff credit card debt, Credit Card Payoff Calculator. 












Top FAQs


Still Have Questions?
Academy Bank accepts Telecommunications Relay Services calls during regular operating hours, including TTY Relay Service (711 calls) and Video Relay Service. Please find more detail under the related FAQ above.

Bank Routing Number
107001481

Bank by Mail
General Mail PO Box
PO Box 26458
Kansas City, MO 64196

Deposit Only Mailbox
PO Box 26744
Kansas City, MO 64196