Disclosure 
MasterCard Secured 

INTEREST RATES AND INTEREST CHARGES 

Annual Percentage Rate (APR) for Purchases 

1.99% Introductory APR for the first 6 months from the date the card is issued.  After 
that, your APR will be 16.20%. This APR will vary with the market based on the U.S. 
Prime Rate (“Prime Rate”).1 

APR for Balance Transfers of Other Financial 
Institutions 

16.20%, this APR will vary with the market based on the Prime Rate.1 

APR for Cash Advances 

24.24%, this APR will vary with the market based on the Prime Rate. 

Penalty Rate and when it Applies 

Paying Interest  

29.99% 

This APR will apply if you make a late payment. 2  

How Long Will the Penalty APR Apply? If your APRs are increased for this reason, the 
Penalty Rate will remain in effect until the account becomes current and the Bank receives 
6 consecutive required minimum payments on or before their due dates. 

Your due date is at least 21 days after the close of each billing cycle. We will not charge you 
interest on new Purchases if you pay your entire balance by the due date of each month. 
However, we will begin charging interest on cash advances and balance transfers from the 
disbursement date of these transactions. 

Minimum Interest Charge 

If you are charged interest, the charge will be no less than $1.50. 

For Credit Card Tips from the Consumer Financial 
Protection Bureau (“CFPB”) 

To learn more about factors to consider when applying for or using a credit card, visit the 
website of the CFPB  at https://www.consumerfinance.gov/learnmore 

FEES 

Annual Fees  

Transactional Fees 

None 
$10 Additional Card Issuance Fee Per Card (If applicable)  

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Cash Advances & Balance Transfers 
Foreign Transactions  

2% of the amount of each transaction (minimum $2.00; maximum $10.00) 
1% of each transaction in U.S. dollars  

Penalty Fees  

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Late Payment Fee  
Returned Check  Fee   

Up to $35.00 
$10.00 

How We Will Calculate Your Balance: We use a method called “Average Daily Balance (including new purchases of goods and 
services)”. 

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. 

1 Prime Rate: The abovementioned variable rates are accurate based on a 4.75% Prime Rate. We added a margin of 11.45% to the 
Prime Rate in order to determine Purchase of Goods/Services and Balances Transfers APRs. 

2 Late payment means when a minimum payment is not received within a period of 60 consecutive days from its payment due date. 

Disclosed  information  about  applicable  rates,  APRs  and  charges  of  the  MasterCard  Secured  is  accurate  as  of  June  2022.    This 
information  may  have  changed.  For  updated  information  in  connection  with  this  card  you  can  write  us  at  P.O.  Box  195115,  San 
Juan, P.R., 00919-5115 or call us at 1.800.981.5554. 

OTHER IMPORTANT TERMS OF THIS ACCOUNT 

For applicants who qualify, more favorable terms and pricing may be available through our unsecured products. 

  You are applying for a secured credit card, a product designed to help establish or rebuild credit 
 
  A minimum refundable security deposit of $500 (maximum of $5,000) is required to open this account. Your maximum credit limit will 
be determined, among other factors, by the amount of the security deposit you provide, your income, your ability to pay this the line 
of  credit and Oriental’s Credit Policy. 

Oriental Bank is Member FDIC