CREDIT CARD ACCOUNT AGREEMENT
CLEARVIEW
AND FEDERAL DISCLOSURE STATEMENT
R
FEDERAL CREDIT UNION
THIS IS YOUR CREDIT CARD AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN-LENDING
DISCLOSURE STATEMENTS, PLATINUM MASTERCARD®, PREMIUM WORLD™ MASTERCARD®
8805 University Boulevard
AGREEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE OF YOUR PLATINUM
Moon Township, PA 15108
MASTERCARD® AND PREMIUM WORLD™ MASTERCARD® CREDIT CARDS, AND/OR ANY OTHER ACCOUNT
ACCESS DEVICE. PLEASE BE CERTAIN TO READ THIS AGREEMENT CAREFULLY AND NOTIFY US AT ONCE
IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
Platinum Mastercard
%
For Purchases
Your APR will vary with the market based on the Prime Rate.
Premium World TM Mastercard
% Introductory APR for 12 billing cycles.
After that Your APR will be
%.
Your APR will vary with the market based on the Prime Rate.
Secured Platinum Mastercard®:
%
Your APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Platinum Mastercard®:
%
For Balance Transfers
Your APR will vary with the market based on the Prime Rate.
Premium World TM Mastercard
%
Your APR will vary with the market based on the Prime Rate.
Secured Platinum Mastercard
%
Your APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Platinum Mastercard®
%
For Cash Advances
Your APR will vary with the market based on the Prime Rate.
Premium World TM Mastercard®
%
Your APR will vary with the market based on the Prime Rate.
Secured Platinum Mastercard
%
Your APR will vary with the market based on the Prime Rate.
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 25 days from Your statement closing date. We will begin charging interest on
cash advances and balance transfers on the transaction date.
For Credit Card Tips from the
To learn more about factors to consider when applying for or using a Credit Card,
Consumer Financial Protection
visit the website of the Consumer Financial Protection Bureau at
Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Transaction Fees
Cash Advance
3.00% of each advance.
Foreign Transaction
Up to 2.00% of each foreign currency transaction in U.S. Dollars.
Up to 2.00% of each U.S. Dollar transaction that occurs in a foreign country.
Penalty Fees
Late Payment
Up to $35.00
Returned Payment
Up to $35.00
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your
Account Agreement for details.
Billing Rights: Information on Your rights to dispute transactions and how to exercise those rights is provided in Your
Account Agreement.
Copyright Oak Tree Business Systems, Inc., 2018-2019. All Rights Reserved.
Page 1 of 4
OTBS 016CC-Variable FRB_WEB CLEA (5/19)
Rev. (6/19)
DEFINITIONS. In this Agreement, the references to "We," "Us," "Our" and "Credit Union" mean Clearview Federal Credit Union. The words "You" and "Your" mean each person
who accepts this Agreement or uses the Platinum Mastercard Premium World Mastercard and Secured Platinum Mastercard Credit Card(s). The words "Card" and
"Credit Card" mean the Platinum Mastercard Premium World Mastercard®, and Secured Platinum Mastercard Credit Card issued to You by Us and any duplicates or
renewals. "Convenience Checks" mean the special Account access devices that We may provide for Your use from time to time. If this is a joint Account, read singular pronouns
in the plural.
PROMISE TO PAY. You, as the Borrower, under a Credit Card Agreement ("Account"), understand that the following terms and conditions constitute Our Agreement with You.
Your Account may be accessible through a variety of means which could include advance request forms, vouchers, checks, charge slips, convenience checks, Credit Cards
and the like. Regardless of the access means, You promise to pay Us all amounts charged to Your Account by You or by any user who has access to Your Account, with actual,
apparent or implied authority for use of Your Account, including Finance Charges and other fees or charges described herein.
Variable Rate
Monthly Periodic Rate
ANNUAL PERCENTAGE RATE
Credit Card
Index
Margin
for Purchases
for Purchases
Platinum Mastercard
%
%
%
%
Premium WorldTM Mastercard
%
%
%
%
Secured Platinum Mastercard
%
%
%
%
Variable Rate
Credit Card
Monthly Periodic Rate
ANNUAL PERCENTAGE RATE
for Balance Transfers
Index
Margin
for Balance Transfers
Platinum Mastercard
%
%
%
%
Premium World Mastercard
%
%
%
%
Secured Platinum Mastercard
%
%
%
%
Variable Rate
Credit Card
Monthly Periodic Rate
ANNUAL PERCENTAGE RATE
Index
for Cash Advances
for Cash Advances
Margin
Platinum Mastercard
%
%
%
%
Premium World Mastercard
%
%
%
%
Secured Platinum Mastercard
%
%
%
%
USE OF YOUR CARD. You may use Your Card to buy goods and services in any
In addition, You will pay any amount over Your Credit Limit on Our demand whether or
place that it is honored and to get cash advances at participating financial institutions.
not We authorize the advances which caused You to exceed Your Credit Limit. Even if
You agree not to use Your Card for illegal transactions including, but not limited to,
Your unpaid balance is less than Your Credit Limit, You will have no credit available
advances made for the purpose of gambling and/or wagering where such practices
during any time that any aspect of Your Account is in default.
are in violation of applicable state and/or federal law.
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for the
SECURITY. You acknowledge that You own any shares and/or collateral pledged as
repayment of any amounts owed. If any Account access device, such as a Personal
security and that there are no other liens against them other than Ours. You agree
Identification Number (PIN) is requested and approved, You understand that any
to perform all acts which are necessary to make Our security interest in the shares
such Account access device(s) will be mailed only to the primary Borrower at the
and/or collateral being pledged enforceable.
address that We have on file for You. We may refuse to follow any instructions which
run counter to this provision.
OTHER SECURITY. Collateral (other than household goods or any dwelling) given
as security under this Agreement or for any other loan You may have with Us will
MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You need
secure all amounts You owe Us now and in the future if that status is reflected
only pay the Minimum Monthly Payments, You understand that You have the right
in the "Truth-In-Lending Disclosure" in any particular Agreement evidencing
to repay at any time without penalty. You also understand that You will only be
such debt.
charged periodic Finance Charges to the date You repay Your entire balance. You
may make larger payments without penalty. Any partial payment or prepayment
LIEN ON SHARES. You grant and consent to a lien on Your shares with
will not delay Your next scheduled payment. All payments to Us must be in lawful
Us (except for IRA and Keogh accounts) and any dividends due or to
money of the United States. Unless instructed otherwise, We may apply each
become due to You from Us to the extent You owe on any unpaid Credit
payment to whichever Card We wish. Except as required by law, the order in which
Card balance.
We may apply payments is at Our discretion.
ACCOUNT RESTRICTIONS. In order to receive and maintain a Secured Platinum
Any unpaid portion of the Finance Charge will be paid by subsequent payments and
Mastercard Credit Card, You agree to give Us a specific pledge of shares which will
will not be added to Your principal balance. You understand that any delay in the
equal Your approved Credit Limit. In the event that You default on Your Account, We
repayment of Your unpaid balance will increase Your periodic Finance Charges and
may apply these shares toward the repayment of any amount owed on Your Secured
any acceleration in the repayment of Your unpaid balance will decrease Your
Platinum Mastercard Credit Card. You may cancel Your Secured Platinum
periodic Finance Charges.
Mastercard Credit Card at any time by paying any amounts owed on such Account.
To be certain that Your entire balance and all advances are paid, any shares pledged
Platinum Mastercard®, Premium WorldT Mastercard®, and Secured Platinum
may not be available to You for 30 days after You have cancelled and any
Mastercard Minimum Payments will be an amount equal to 2.00% of Your new
outstanding balance is paid in full.
unpaid Platinum Mastercard®, Premium World Mastercard®, or Secured Platinum
Mastercard balance at the end of each billing cycle, subject to the lesser of $20.00
LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for each
or Your balance, plus any portion of the Minimum Payments shown on prior
Credit Card for which You are approved. Unless You are in default, any Credit Limits
statement(s) which remains unpaid, plus any amount that exceeds Your approved
established for You will generally be self-replenishing as You make payments.
Credit Limit.
You will keep Your unpaid balance within Your Credit Limit set by Us, and You
You may, by separate agreement, authorize Us to charge Your payment directly to
understand that We may decline any transaction that would exceed that Credit Limit.
Your share or share draft account.
Copyright Oak Tree Business Systems, Inc., 2018-2019. All Rights Reserved.
Page 2 of 4
OTBS 016CC-Variable FRB_WEB CLEA (5/19)
Rev. (6/19)
LATE CHARGE. If Your payment is one or more days late, You will be charged the
of Your funds on deposit with Us; and/or (e) We should, in good faith, believe Your
lesser of: (a) $25.00 (this amount will be $35.00 if You have incurred a late charge
ability to repay Your indebtedness hereunder is or soon will be impaired, time being
within 6 months of previously incurring a late charge); or (b) the amount of the
of the very essence.
required minimum payment.
Upon any occurrence of default, We may, to the extent permitted by law, cancel
RETURNED PAYMENT FEE. You will be charged a fee for any check (or other
Your rights under this Agreement, require the return of all access devices and
negotiable instrument used for payment) which is returned unpaid. The fee will be an
declare the entire balance of Your Account immediately due and payable, without
amount equal to the lesser of: (a) $25.00 (this amount will be $35.00 if You have
prior notice or demand.
incurred a returned payment fee within 6 months of previously incurring a returned
payment fee); or (b) the required minimum payment amount for the returned payment.
COLLECTION COSTS. In the event collection efforts are required to obtain payment
on this Account, and to the extent permitted by law, You agree to pay all court costs,
OTHER FEES AND CHARGES. You will be charged the following fees associated
private process server fees, investigation fees or other costs incurred in collection
with the use of Your Card: (a) $30.00 for each replacement Card that You request
and reasonable attorneys' fees incurred in the course of collecting any amounts
be provided on an expedited basis; (b) $5.00 for each replacement Personal
owed under this Agreement or in the recovery of any collateral.
Identification Number (PIN) that You request; (c) $5.00 for each sales draft or
statement copy You request; and (d) a cash advance fee FINANCE CHARGE of
ENFORCEMENT. We do not lose Our rights under this or any related agreement if We
3.00% of each advance obtained at a financial institution and/or ATM.
delay enforcing them. We can accept late payments, partial payments or any other
payments, even if they are marked "paid in full" without losing any of Our rights under
FINANCE CHARGES. In the case of any transactions under Your Platinum
this Agreement. If any provision of this or any related agreement is determined to be
Mastercard®, Premium World Mastercard®, and Secured Platinum Mastercard®,
unenforceable or invalid, all other provisions remain in full force and effect.
the balances subject to the periodic Finance Charge are the average daily
transactions balances outstanding during the month (including new transactions).
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You move
To get the average daily balance, We take the beginning balance each day, add any
or otherwise have a change of address.
new purchases, cash advances, balance transfers, insurance premiums, debit
adjustments or other charges and subtract any payments, credits and unpaid
CHANGE IN TERMS. We may change the terms of this Agreement by mailing or
Finance Charges. This gives Us the daily balance. Then, We add up all the daily
delivering to You written notice of the changes as prescribed by the Federal Truth-
balances for the billing cycle and divide them by the number of days in the billing
In-Lending Act. To the extent permitted by law, the right to change the terms of this
cycle. The Finance Charge for a billing cycle is computed by multiplying the average
Agreement includes, but is not limited to, the right to change the periodic rate
daily balance subject to a Finance Charge by the Monthly Periodic Rate.
applicable to Your unpaid balance and/or future advances.
You can avoid Finance Charges on purchases by paying the full amount of the
INTEGRATED DOCUMENTS. Any separate sheet of paper that pertains to Your
entire balance owed each month within 25 days of Your statement closing date.
Account, and is delivered together with this Agreement or at a later date becomes
Otherwise, the new balance of purchases, and subsequent purchases from the
an integrated part of this Agreement and Disclosure.
date they are posted to Your Account, will be subject to a Finance Charge. Cash
advances and balance transfers are always subject to a Finance Charge from the
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this Agreement.
date of the transaction.
By signing the application; or by using Your Account or any Account access device;
or by authorizing another to use Your Account, You agree to and accept its terms.
During the first 12 billing cycles following the date that You establish a Premium
WorldT Mastercard Credit Card, Your entire balance for purchases will be subject
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts
to a Monthly Periodic Rate of
% (corresponding ANNUAL
to update information contained in Your original Account application or other financial
PERCENTAGE RATE
%). Upon the expiration of the Introductory Rate
information related to You, at Our request. You also agree that We may, from time
period, the Monthly Periodic Rate applicable to Your entire balance of purchases
to time, as We deem necessary, make inquiries pertaining to Your employment,
existing at that time and in the future will immediately increase to
%
credit standing and financial responsibility in accordance with applicable laws and
(corresponding ANNUAL PERCENTAGE RATE of
%).
regulations. You further agree that We may give information about the status and
payment history of Your Account to consumer credit reporting agencies, a
VARIABLE RATE. All advances are subject to a Variable Rate which is based on
prospective employer or insurer, or a state or federal licensing agency having any
the highest Prime Rate as published in the money rates section of The Wall Street
apparent legitimate business need for such information.
Journal in effect on the last day of each month of each year ("Index") plus Our Margin.
The Index plus the Margin equals the Interest Rate. Changes in the Index will cause
TERMINATION. Either You or We may cancel Your Account or any particular Credit Card
changes in the Interest Rate on the first day of the billing cycle immediately following
of Your Account, at any time, whether or not You are in default. You will, in any case,
any such change in the Index. Increases or decreases in the Interest Rate will cause
remain liable to pay any unpaid balances according to the terms of Your Account.
like increases or decreases in the Finance Charge and will affect the number of Your
regularly scheduled payments. Your Interest Rate will never be greater than 18.00%,
GOVERNING LAW. This Agreement is controlled and governed by the laws of the
and will apply to Your remaining principal balance.
Commonwealth of Pennsylvania except to the extent that such laws are inconsistent
with controlling federal law.
PERIODIC STATEMENTS. On a regular basis, You will receive a statement showing
all transactions on Your Account including amounts paid and borrowed since Your
OWNERSHIP. Your Card remains Our property and may be cancelled by Us at any
last statement. We will mail You a statement each month in which there is a debit or
time without notice. You agree to surrender Your Card and to discontinue its use
credit balance or when a Finance Charge is imposed. We need not send You a
immediately upon Our request.
statement if We feel Your Account is uncollectible or if We have started collection
proceedings against You because You defaulted. Each statement is deemed to be a
ISSUANCE OF A PERSONAL IDENTIFICATION NUMBER. We will issue, upon Your
correct statement of account unless You establish a billing error pursuant to the
request, a Personal Identification Number (PIN) for use with participating ATMs. This
Federal Truth-In-Lending Act.
PIN is confidential and should not be disclosed to anyone. You may use Your PIN to
access Your Account and all sums advanced will be added to Your balance. In the
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under no
event a use of Your PIN constitutes an Electronic Fund Transfer, the terms and
obligation to honor Your Convenience Checks if: (1) by paying a Convenience Check,
conditions of Your Electronic Fund Transfer Agreement may also affect Your rights.
You would exceed Your Credit Limit; (2) Your Cards or Convenience Checks have been
reported lost or stolen; (3) Your Account has been cancelled or has expired. If a
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or other
postdated Convenience Check is paid and, as a result, any other Convenience Check
slips You may sign or receive when using Your Card contain terms, this Agreement
is returned unpaid, We are not responsible for any resulting loss or liability.
is the contract which solely applies to all transactions involving the Card.
DEFAULT. You will be in default if: (a) You do not make any payment or perform any
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your Card.
obligation under this Agreement, or any other agreement that You may have with Us;
You will not be liable for the unauthorized use that occurs after You notify Us of the
or (b) You should die, become involved in any insolvency, receivership or custodial
loss, theft, or possible unauthorized use by calling Us at (800) 449-7728 or by writing
proceeding brought by or against You; or (c) You have made a false or misleading
to Us at the address shown in this Agreement. In any case, Your liability will not
statement in Your credit application and/or in Your representations to Us while You
exceed $50.00.
owe money on Your Account; or (d) A judgment or tax lien should be filed against
You or any attachment or garnishment should be issued against any of Your property
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable for
or rights, specifically including anyone starting an action or proceeding to seize any
the refusal or inability of merchants, financial institutions and others to accept the Cards
Copyright Oak Tree Business Systems, Inc., 2018-2019. All Rights Reserved.
Page 3 of 4
OTBS 016CC-Variable CLEA (5/19)
Rev. (6/19)
or Convenience Checks, or electronic terminals to honor the Cards or complete a Card
1)
Within 30 days of receiving Your letter, We must tell You that We received
withdrawal, or for their retention of the Cards or Convenience Checks.
Your letter. We will also tell You if We have already corrected the error.
2)
Within 90 days of receiving Your letter, We must either correct the error or
FOREIGN TRANSACTIONS (EXCEPT PREMIUM WORLD™ MASTERCARD
explain to You why We believe the bill is correct.
For transactions initiated in foreign currencies, the exchange rate between the
transaction currency and the billing currency (U.S. dollars) will be: (a) a rate selected
While We investigate whether or not there has been an error:
by Mastercard from the range of rates available in wholesale currency markets for
the applicable central processing date, which rate may vary from the rate Mastercard
We cannot try to collect the amount in question, or report You as delinquent
itself receives; or (b) the government-mandated rate in effect for the applicable
on that amount.
central processing date. For transactions initiated in a foreign currency, and for
The charge in question may remain on Your statement, and We may continue
transactions occurring in foreign countries and initiated in U.S. Dollars, You will be
to charge You interest on that amount.
charged 2.00% of the final settlement amount.
While You do not have to pay the amount in question, You are responsible for
the remainder of Your balance.
TRANSACTION SLIPS. Your monthly statement will identify that merchant,
We can apply any unpaid amount against Your Credit Limit.
electronic terminal or financial institution at which transactions were made, but sales,
cash advances, credit or other slips cannot be returned with the statement.
After We finish Our investigation, one of two things will happen:
LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit Cards
If We made a mistake: You will not have to pay the amount in question or any
or Convenience Checks, You will immediately call Us at (800) 449-7728 or write to
interest or other fees related to that amount.
Us at the address shown in this Agreement.
If We do not believe there was a mistake: You will have to pay the amount in
question, along with applicable interest and fees. We will send You a
CREDITS. If a merchant who honors Your Card gives You credit for returns or
statement of the amount You owe and the date payment is due. We may then
adjustments, they will do so by sending Us a slip which will be posted to Your
report You as delinquent if You do not pay the amount We think You owe.
Account. If Your credits and payments exceed what You owe Us, We will hold and
apply this credit against future purchases and cash advances, or if it is $1.00 or more
If You receive Our explanation but still believe Your bill is wrong, You must write to
refund it on Your written request or automatically deposit it to Your share account
Us within 10 days telling Us that You still refuse to pay. If You do so, We cannot
after six months.
report You as delinquent without also reporting that You are questioning Your bill.
We must tell You the name of anyone to whom We reported You as delinquent, and
Your Billing Rights: Keep this Document for Future Use
We must let those organizations know when the matter has been settled between
Us. If We do not follow all of the rules above, You do not have to pay the first $50.00
This notice tells You about Your rights and Our responsibilities under the Fair
of the amount You question even if Your bill is correct.
Credit Billing Act.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
What To Do If You Find A Mistake On Your Statement
If You are dissatisfied with the goods or services that You have purchased with Your
If You think there is an error on Your statement, write to Us at Our address shown in
Credit Card, and You have tried in good faith to correct the problem with the
this Agreement. In Your letter, give Us the following information:
merchant, You may have the right not to pay the remaining amount due on the
purchase. To use this right, all of the following must be true:
Account information: Your name and Account number.
Dollar amount: The dollar amount of the suspected error.
1)
The purchase must have been made in Your home state or within 100 miles
Description of problem: If You think there is an error on Your bill, describe
of Your current mailing address, and the purchase price must have been
what You believe is wrong and why You believe it is a mistake.
more than $50.00. (Note: Neither of these are necessary if Your purchase
was based on an advertisement We mailed to You, or if We own the company
You must contact Us:
that sold You the goods or services.)
2)
You must have used Your Credit Card for the purchase. Purchases made with
Within 60 days after the error appeared on Your statement.
cash advances from an ATM or with a check that accesses Your Credit Card
At least 3 business days before an automated payment is scheduled, if You
account do not qualify.
want to stop payment on the amount You think is wrong.
3)
You must not yet have fully paid for the purchase.
You must notify Us of any potential errors in writing. You may call Us, but if You do
If all of the criteria above are met and You are still dissatisfied with the purchase,
We are not required to investigate any potential errors and You may have to pay the
contact Us in writing at Our address shown in this Agreement.
amount in question.
While We investigate, the same rules apply to the disputed amount as discussed
What Will Happen After We Receive Your Letter
above. After We finish Our investigation, We will tell You Our decision. At that
point, if We think You owe an amount and You do not pay, We may report You
When We receive Your letter, We must do two things:
as delinquent.
Copyright Oak Tree Business Systems, Inc., 2018-2019. All Rights Reserved.
Page 4 of 4
OTBS 016CC-Variable FRB_WEB CLEA (5/19)
Rev. (6/19)
PRICING INFORMATION ADDENDUM -
CREDIT CARD ACCOUNT AGREEMENT
CLEARVIEW
AND FEDERAL DISCLOSURE STATEMENT
FEDERAL CREDIT UNION
THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR PLATINUM MASTERCARD®,
PREMIUM WORLD™ MASTERCARD®, AND SECURED PLATINUM MASTERCARD® CREDIT CARD AGREEMENT
8805 University Boulevard
AND DISCLOSURE. PLEASE BE SURE TO READ THIS ADDENDUM CAREFULLY AND NOTIFY US AT ONCE IF ANY
Moon Township, PA 15108
PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
Platinum Mastercard®:
11.24% - 18.00%
based on Your creditworthiness at the
For Purchases
time You establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Premium WorldTM
Mastercard®
0.00%
Introductory APR for 12 billing cycles.
After that Your APR will be
14.25% - 18.00%
based on Your creditworthiness at
the time You establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Secured Platinum Mastercard®:
11.24% - 18.00%
based on Your creditworthiness
at the time You establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Platinum Mastercard®: 11.24% - 18.00% based on Your creditworthiness at the time You
For Balance Transfers
establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Premium World TM Mastercard®: 14.25% - 18.00% based on Your creditworthiness at the
time You establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Secured Platinum Mastercard®: 11.24% - 18.00% based on Your creditworthiness at the
time You establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Platinum Mastercard®: 11.24% - 18.00% based on Your creditworthiness at the time You
For Cash Advances
establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Premium World TM Mastercard® 14.25% - 18.00% based on Your creditworthiness at the
time You establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Secured Platinum Mastercard®: 11.24% - 18.00% based on Your creditworthiness at the
time You establish Your Account.
Your APR will vary with the market based on the Prime Rate.
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 25 days from Your statement closing date. We will begin charging interest on
cash advances and balance transfers on the transaction date.
Fees
Transaction Fees
Cash Advance
3.00% of each advance.
Foreign Transaction
Up to 2.00% of each foreign currency transaction in U.S. Dollars.
Up to 2.00% of each U.S. Dollar transaction that occurs in a foreign country.
Penalty Fees
Late Payment
Up to $35.00
Returned Payment
Up to $35.00
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your
Account Agreement for details.
Billing Rights: Information on Your rights to dispute transactions and how to exercise those rights is provided in Your
Account Agreement.
Copyright Oak Tree Business Systems, Inc., 2010-2019. All Rights Reserved.
Page 1 of 2
OTBS 016A CC-Variable FRB_WEB CLEA (5/19)
Rev. (9/19)
FINANCE CHARGES. In the case of any transactions under Your Platinum Mastercard®, Premium World TM Mastercard®, and Secured Platinum Mastercard
Credit
Card, the balances subject to the periodic Finance Charge are the average daily transactions balances outstanding during the month (including new transactions).
To get the average daily balance, We take the beginning balance each day, add any new purchases, cash advances, balance transfers, insurance premiums,
debit
adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance. Then, We add up all the
daily
balances for the billing cycle and divide them by the number of days in the billing cycle. The Finance Charge for a billing cycle is computed by multiplying the average
daily balance subject to a Finance Charge by the Monthly Periodic Rate.
You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month within 25 days of Your statement closing date.
Otherwise, the new balance of purchases, and subsequent purchases from the date they are posted to Your Account, will be subject to a Finance Charge. Cash
advances and balance transfers are always subject to a Finance Charge from the date of the transaction.
During the first 12 billing cycles following the date that You establish a Premium World TM Mastercard Credit Card, Your entire balance for purchases will be subject
to a Monthly Periodic Rate of 0.0000% (corresponding ANNUAL PERCENTAGE RATE 0.0000%). Upon the expiration of the Introductory Rate period, the Monthly
Periodic Rate applicable to Your entire balance of purchases existing at that time and in the future will immediately increase to 1.1875% - 1.5000% (corresponding
ANNUAL PERCENTAGE RATE of 14.25% - 18.00%), based on Your creditworthiness at the time You establish Your Account.
The Monthly Periodic Rate that will apply to Your unpaid balances for Platinum Mastercard® and Secured Platinum Mastercard® will be 0.9367% - 1.5000%
(corresponding ANNUAL PERCENTAGE RATE 11.24% - 18.00%), based on Your creditworthiness at the time You establish Your Account.
VARIABLE RATE. All advances are subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street
Journal in effect on the last day of each month of each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will
cause changes in the Interest Rate on the first day of the billing cycle immediately following any such change in the Index. Increases or decreases in the Interest
Rate will cause like increases or decreases in the Finance Charge and will affect the number of Your regularly scheduled payments. Your Interest Rate will never
be greater than 18.00%, and will apply to Your remaining principal balance.
For Premium World TM Mastercard®, the Margin will be 9.00% - 15.00% depending on Your creditworthiness. For Platinum Mastercard and Secured Platinum
Mastercard the Margin will be 5.99% - 14.24%, depending on Your creditworthiness.
Copyright Oak Tree Business Systems, Inc., 2010-2019. All Rights Reserved.
Page 2 of 2
OTBS 016A CC-Variable FRB_WEB CLEA (5/19)
Rev. (9/19)