Oriental
Disclosure Statement for Oriental Master Card
INTEREST RATES AND INTEREST CHARGES
Annual percentage rate (APR) for
Purchases
18.00%
Those applicants, who at the time of application are identified as active members of the Armed Forces as
established by the Military Lending Act (MLA) or a covered dependent, will be granted a 6.00% annual
percentage rate (APR), for as long as he/she remains on active duty. Once the member of the armed forces
ceases to be in active military service, the special rate granted will be changed to the current applicable annual
percentage rate (APR).
APR for Cash Advances and Balance
Transfers
18.00%
Those applicants, who at the time of application are identified as active members of the Armed Forces as
established by the Military Lending Act (MLA) or a covered dependent, will be granted a 6.00% annual
percentage rate (APR), for as long as he/she remains on active duty. Once the member of the armed forces
ceases to be in active military service, the special rate granted will be changed to the current applicable annual
percentage rate (APR).
Penalty Rate and When it Applies
Up to 30% APR. The Penalty Rate for which you qualify will depend on your creditworthiness, the seriousness
and timing of your default, and other factors provided in your Oriental Cardholder Agreement.
This APR may be applied to your account if you:
Fraudulently or materially misrepresent facts to us.
Make a late payment
Make a payment to us that is not honored by your financial institution.
Go over your credit limit
Fail to comply with the terms of your Oriental Cardholder Agreement.
Become unwillingly or unable to pay your debts to us or to others on time.
File for bankruptcy
Become incapacitated or in the event or your death.
A judgment is rendered against you
Breach of terms of workout or temporary hardship arrangement.
How Long Will the Penalty APR apply? If your APRs are increased for any of these reasons, the Penalty APR
will apply until you make six consecutives minimum payments when due.
This Penalty APR will not apply as long as the cardholder is covered by the provision of the Military Lending Act (MLA).
Paying Interest
Your due date is at least 24 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 every month. We will begin charging interest on
Balance Transfers, Cash Advances and Oriental credit card checks on the date of the transaction
For Credit Card Tips from Consumer
To learn more about factors to consider when applying for or using a credit card visit the website of the
Financial Protection Bureau
Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore
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. For example, if you are assigned the minimum credit
limit of $250, your initial available credit will be only $228 (or $217 if you choose to have an additional card).
You may still reject this plan, provided that you have not 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 Fees
$22 for primary card.
Additional Card Fee
$11 annually (if applicable)
Customers covered by the Military
$0
Lending Act (MLA)
Transaction fees
Balance Transfer Fee
3% of the total balance transfer
Cash Advance Fee
3% of the total cash advance
Foreign Transaction Fee
2% of the total foreign transaction
Penalty Fees
Late Payment Fees
Up to $35
Returned Credit Card Check Fee
Up to $35
NSF (Non-Sufficient Fund) Fee
Up to $35
How We Will Calculate Your Balance: We use average daily balance (including new transactions). See your Oriental Cardholder Agreement for more
details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights provided in you Oriental Cardholder Agreement
Other Fees
Retrieval of items/Request Copy of a Sales Draft
$5
Replacement / Additional Statement
$5
Lost or damaged card
$15
Member FDIC
Effective December 2019
®
Master Card is a registered trademark of Master Card International Incorporated