G-17(C) Account-Opening Sample

 

 

 


 

Interest Rates and Interest Charges 

Annual Percentage Rate 

(APR) for Purchases 

8.99% introductory APR for one year. 

After that, your APR will be 14.99%. This APR will vary with the market based on 

the Prime Rate. 

APR for Balance Transfers 15.99% 

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

APR for Cash Advances 21.99% 

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

Penalty APR and When it 

Applies 

28.99% 

This APR may be applied to your account if you: 

1) Make a late payment; 

2) Go over your credit limit; 

3) Make a payment that is returned; or 

4) Do any of the above on another account that you have with us. 

How Long Will the Penalty APR Apply?: If your APRs are increased for any of these 

reasons, we may keep them at this higher level indefinitely. 

Paying Interest Your due date is at least 25 days after the close of each billing cycle. We will not charge 

you interest on purchases if you pay your entire balance by the due date each month. We 

will begin charging interest on cash advances and balance transfers on the transaction 

date. 

Minimum Interest Charge If you are charged interest, the charge will be no less than $1.50. 

For Credit Card Tips from 

the Federal Reserve Board 

To learn more about factors to consider when applying for or using a credit card, visit the 

website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard. 

Fees 

Set-up and Maintenance 

Fees 

NOTICE: Some of these set-up and maintenance fees will be assessed before you begin 

using your card and will reduce the amount of credit you initially have available. Based on 

your initial credit limit of $250, your initial available credit will be only about $187 (or about 

$172 if you choose to have an additional card). 

You may still reject this plan, provided that you have not yet used the account or paid a fee 

after receiving a billing statement. If you do reject the plan, you are not responsible for any 

fees or charges. 

 Annual Fee $30 

 Account Set-up Fee $30 (one-time fee) 

 Participation Fee $30 annually ($2.50 per month) 

 Additional Card Fee $15 annually (if applicable) 

 Account Maintenance 

Fee on Closed Accounts 

$30 annually ($2.50 per month on closed accounts with an outstanding balance of $30 or 

more) 

Transaction Fees 

 Balance Transfer Either $5 or 3% of the amount of each transfer, whichever is greater (maximum fee: $100). 

 Cash Advance Either $5 or 3% of the amount of each cash advance, whichever is greater. 

 Foreign Transaction 2% of each transaction in U.S. dollars. 

Penalty Fees 

 Late Payment $29 if balance is less than or equal to $1,000; 

$35 if balance is more than $1,000 

 Over-the-Credit Limit $29

 Returned Payment $35

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases).”

See your account agreement for more details. 

Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you make a late payment. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your 

account agreement.