CREDIT CARD ACCOUNT AGREEMENT
CLEARVIEW
AND FEDERAL DISCLOSURE STATEMENT
FEDERAL CREDIT UNION
THIS IS YOUR CREDIT CARD AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN-LENDING
8805 University Boulevard
DISCLOSURE STATEMENTS, PLATINUM MASTERCARD® AND PREMIUM WORLD MASTERCARD
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® 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.
Annual Percentage Rate (APR)
Platinum Mastercard
% Introductory Rate until the December 2022 cycle date.
For Balance Transfers
After that, Your APR will be
%
This APR will vary with the market based on the Prime Rate.
Premium World® Mastercard
% Introductory Rate until the December 2022
cycle date.
After that, Your APR will be
%
This 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 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
To learn more about factors to consider when applying for or using a Credit Card,
the Consumer Financial
visit the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Transaction Fees
Balance Transfer
4.00% of each transfer
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., 2018-2021. All Rights Reserved.
Page 1 of 4
OTBS 016CC-Variable FRB_Web CLEA (8/21)
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 and Premium World Mastercard Credit Card(s). The words "Card" and "Credit Card" mean the Platinum
Mastercard and Premium World 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
for Purchases
for Purchases
Index
Margin
Platinum Mastercard
%
%
%
%
Premium World Mastercard
%
%
%
%
Variable Rate
Monthly Periodic Rate
ANNUAL PERCENTAGE RATE
Credit Card
for Balance Transfers
for Balance Transfers
Index
Margin
Platinum Mastercard
%
%
%
%
Premium World Mastercard
%
%
%
%
Variable Rate
Monthly Periodic Rate
ANNUAL PERCENTAGE RATE
Credit Card
Index
for Cash Advances
for Cash Advances
Margin
Platinum Mastercard
%
%
%
%
Premium World Mastercard
%
%
%
%
USE OF YOUR CARD. You may use Your Card to buy goods and services in any
Any unpaid portion of the Finance Charge will be paid by subsequent payments and
place that it is honored and to get cash advances at participating financial institutions.
will not be added to Your principal balance. You understand that any delay in the
You agree not to use Your Card for illegal transactions including, but not limited to,
repayment of Your unpaid balance will increase Your periodic Finance Charges and
advances made for the purpose of gambling and/or wagering where such practices
any acceleration in the repayment of Your unpaid balance will decrease Your
are in violation of applicable state and/or federal law.
periodic Finance Charges.
SECURITY. You acknowledge that You own any shares and/or collateral pledged as
Platinum
Mastercard
and
Premium
World
Mastercard
Minimum
Payments
will
security and that there are no other liens against them other than Ours. You agree
be an amount equal to 2.00% of Your new unpaid Platinum Mastercard6 or Premium
to perform all acts which are necessary to make Our security interest in the shares
World Mastercard balance at the end of each billing cycle, subject to the lesser
and/or collateral being pledged enforceable.
of $20.00 or Your balance, plus any portion of the Minimum Payments shown on
prior statement(s) which remains unpaid, plus any amount that exceeds Your
OTHER SECURITY. Collateral (other than household goods or any dwelling) given
approved Credit Limit.
as security under this Agreement or for any other loan You may have with Us will
secure all amounts You owe Us now and in the future if that status is reflected in the
You may, by separate agreement, authorize Us to charge Your payment directly to
"Truth-In-Lending Disclosure" in any particular Agreement evidencing such debt.
Your share or share draft account.
LIEN ON SHARES. You grant and consent to a lien on Your shares with
LATE CHARGE. If Your payment is one or more days late, You will be charged the
Us (except for IRA and Keogh accounts) and any dividends due or to
lesser of: (a) $25.00 (this amount will be $35.00 if You have incurred a late charge
become due to You from Us to the extent You owe on any unpaid Credit
within 6 months of previously incurring a late charge); or (b) the amount of the
Card balance.
required minimum payment.
LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for each
RETURNED PAYMENT FEE. You will be charged a fee for any check (or other
Credit Card for which You are approved. Unless You are in default, any Credit Limits
negotiable instrument used for payment) which is returned unpaid. The fee will be
established for You will generally be self-replenishing as You make payments.
an amount equal to the lesser of: (a) $25.00 (this amount will be $35.00 if You
have incurred a returned payment fee within 6 months of previously incurring a
You will keep Your unpaid balance within Your Credit Limit set by Us, and You
returned payment fee); or (b) the required minimum payment amount for the
understand that We may decline any transaction that would exceed that Credit Limit.
returned payment.
In addition, You will pay any amount over Your Credit Limit on Our demand whether
or not We authorize the advances which caused You to exceed Your Credit Limit.
OTHER FEES AND CHARGES. You will be charged the following fees
Even if Your unpaid balance is less than Your Credit Limit, You will have no credit
associated with the use of Your Card: (a) $30.00 for each replacement Card that
available during any time that any aspect of Your Account is in default.
You request be provided on an expedited basis; (b) $5.00 for each replacement
Personal Identification Number (PIN) that You request; (c) $5.00 for each sales
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for the
draft or statement copy You request; (d) a cash advance fee
repayment of any amounts owed. If any Account access device, such as a Personal
FINANCE CHARGE in an amount equal to 3.00% of each advance obtained at
Identification Number (PIN) is requested and approved, You understand that any
a financial institution and/or ATM; and (e) a 4.00% FINANCE CHARGE for each
such Account access device(s) will be mailed only to the primary Borrower at the
balance transfer.
address that We have on file for You. We may refuse to follow any instructions which
run counter to this provision.
FINANCE CHARGES. In the case of any transactions under Your Platinum
Mastercard and Premium World Mastercard the balances subject to the
MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You need
periodic Finance Charge are the average daily transactions balances outstanding
only pay the Minimum Monthly Payments, You understand that You have the right
during the month (including new transactions). To get the average daily balance, We
to repay at any time without penalty. You also understand that You will only be
take the beginning balance each day, add any new purchases, cash advances,
charged periodic Finance Charges to the date You repay Your entire balance. You
balance transfers, insurance premiums, debit adjustments or other charges and
may make larger payments without penalty. Any partial payment or prepayment will
subtract any payments, credits and unpaid Finance Charges. This gives Us the daily
not delay Your next scheduled payment. All payments to Us must be in lawful money
balance. Then, We add up all the daily balances for the billing cycle and divide them
of the United States. Unless instructed otherwise, We may apply each payment to
by the number of days in the billing cycle. The Finance Charge for a billing cycle is
whichever Card We wish. Except as required by law, the order in which We may
computed by multiplying the average daily balance subject to a Finance Charge by
apply payments is at Our discretion.
the Monthly Periodic Rate.
Copyright Oak Tree Business Systems, Inc., 2018-2021. All Rights Reserved.
Page 2 of 4
OTBS 016CC-Variable FRB_Web CLEA (8/21)
You can avoid Finance Charges on purchases by paying the full amount of the
ENFORCEMENT. We do not lose Our rights under this or any related agreement
entire balance owed each month within 25 days of Your statement closing date.
if We delay enforcing them. We can accept late payments, partial payments or any
Otherwise, the new balance of purchases, and subsequent purchases from the
other payments, even if they are marked "paid in full" without losing any of Our
date they are posted to Your Account, will be subject to a Finance Charge. Cash
rights under this Agreement. If any provision of this or any related agreement is
advances and balance transfers are always subject to a Finance Charge from the
determined to be unenforceable or invalid, all other provisions remain in full force
date of the transaction.
and effect.
During the first 12 billing cycles following the date that You establish a Premium
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You move
World Mastercard® Credit Card, Your entire balance for purchases will be subject
or otherwise have a change of address.
to a Monthly Periodic Rate of
% (corresponding to an ANNUAL
PERCENTAGE RATE of
%). Upon the expiration of the Introductory
CHANGE IN TERMS. We may change the terms of this Agreement by mailing or
Rate period, the Monthly Periodic Rate applicable to Your entire balance of
delivering to You written notice of the changes as prescribed by the Federal Truth-
purchases existing at that time and in the future will immediately increase to
In-Lending Act. To the extent permitted by law, the right to change the terms of this
% (corresponding ANNUAL PERCENTAGE RATE of
%).
Agreement includes, but is not limited to, the right to change the periodic rate
applicable to Your unpaid balance and/or future advances.
Platinum Mastercard balance transfer transactions are subject to a discounted
Introductory Monthly Periodic Rate of
% (corresponding ANNUAL
INTEGRATED DOCUMENTS. Any separate sheet of paper that pertains to Your
PERCENTAGE RATE
%) until
Upon the
Account, and is delivered together with this Agreement or at a later date becomes
expiration of the Introductory Rate period, the Monthly Periodic Rate applicable to
an integrated part of this Agreement and Disclosure.
Your entire balance of balance transfers existing at that time and in the future will
immediately increase to
% (corresponding ANNUAL PERCENTAGE
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this
RATE of
%).
Agreement. 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.
Premium World Mastercard balance transfer transactions are subject to a discounted
Introductory Monthly Periodic Rate of
% (corresponding ANNUAL
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts
PERCENTAGE RATE
%) until
Upon the
to update information contained in Your original Account application or other financial
expiration of the Introductory Rate period, the Monthly Periodic Rate applicable to
information related to You, at Our request. You also agree that We may, from time
Your entire balance of balance transfers existing at that time and in the future will
to time, as We deem necessary, make inquiries pertaining to Your employment,
immediately increase to
% (corresponding ANNUAL PERCENTAGE
credit standing and financial responsibility in accordance with applicable laws and
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 day that any Introductory Rate Period expires, and
subsequently, on the last day of each month of each year ("Index") plus Our Margin.
TERMINATION. Either You or We may cancel Your Account or any particular
The Index plus the Margin equals the Interest Rate. Changes in the Index will cause
Credit Card of Your Account, at any time, whether or not You are in default. You
changes in the Interest Rate on the day that any Introductory Rate Period expires,
will, in any case, remain liable to pay any unpaid balances according to the terms
and subsequently, on the first day of the billing cycle immediately following any such
of Your Account.
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
GOVERNING LAW. This Agreement is controlled and governed by the laws of the
regularly scheduled payments. Your Interest Rate will never be greater than 18.00%,
Commonwealth of Pennsylvania except to the extent that such laws are inconsistent
and will apply to Your remaining principal balance.
with controlling federal law.
PERIODIC STATEMENTS. On a regular basis, You will receive a statement showing
OWNERSHIP. Your Card remains Our property and may be cancelled by Us at any
all transactions on Your Account including amounts paid and borrowed since Your
time without notice. You agree to surrender Your Card and to discontinue its use
last statement. We will mail You a statement each month in which there is a debit or
immediately upon Our request.
credit balance or when a Finance Charge is imposed. We need not send You a
statement if We feel Your Account is uncollectible or if We have started collection
ISSUANCE OF A PERSONAL IDENTIFICATION NUMBER. We will issue, upon Your
proceedings against You because You defaulted. Each statement is deemed to be a
request, a Personal Identification Number (PIN) for use with participating ATMs. This
correct statement of account unless You establish a billing error pursuant to the
PIN is confidential and should not be disclosed to anyone. You may use Your PIN to
Federal Truth-In-Lending Act.
access Your Account and all sums advanced will be added to Your balance. In the
event a use of Your PIN constitutes an Electronic Fund Transfer, the terms and
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under no
conditions of Your Electronic Fund Transfer Agreement may also affect Your rights.
obligation to honor Your Convenience Checks if: (1) by paying a Convenience Check,
You would exceed Your Credit Limit; (2) Your Cards or Convenience Checks have been
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or other
reported lost or stolen; (3) Your Account has been cancelled or has expired. If a
slips You may sign or receive when using Your Card contain terms, this Agreement
postdated Convenience Check is paid and, as a result, any other Convenience Check
is the contract which solely applies to all transactions involving the Card.
is returned unpaid, We are not responsible for any resulting loss or liability.
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your Card.
DEFAULT. You will be in default if: (a) You do not make any payment or perform any
You will not be liable for the unauthorized use that occurs after You notify Us of the
obligation under this Agreement, or any other agreement that You may have with Us;
loss, theft, or possible unauthorized use by calling Us at (800) 449-7728 or by writing
or (b) You should die, become involved in any insolvency, receivership or custodial
to Us at the address shown in this Agreement. In any case, Your liability will not
proceeding brought by or against You; or (c) You have made a false or misleading
exceed $50.00.
statement in Your credit application and/or in Your representations to Us while You
owe money on Your Account; or (d) A judgment or tax lien should be filed against
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable for the
You or any attachment or garnishment should be issued against any of Your property
refusal or inability of merchants, financial institutions and others to accept the Cards or
or rights, specifically including anyone starting an action or proceeding to seize any
Convenience Checks, or electronic terminals to honor the Cards or complete a Card
of Your funds on deposit with Us; and/or (e) We should, in good faith, believe Your
withdrawal, or for their retention of the Cards or Convenience Checks.
ability to repay Your indebtedness hereunder is or soon will be impaired, time being
of the very essence.
FOREIGN TRANSACTIONS (EXCEPT PREMIUM WORLD MASTERCARD
For transactions initiated in foreign currencies, the exchange rate between the
Upon any occurrence of default, We may, to the extent permitted by law, cancel
transaction currency and the billing currency (U.S. dollars) will be: (a) a rate
Your rights under this Agreement, require the return of all access devices and
selected by Mastercard from the range of rates available in wholesale currency
declare the entire balance of Your Account immediately due and payable, without
markets for the applicable central processing date, which rate may vary from the
prior notice or demand.
rate Mastercard itself receives; or (b) the government-mandated rate in effect for
the applicable central processing date. For transactions initiated in a foreign
COLLECTION COSTS. In the event collection efforts are required to obtain payment
currency, and for transactions occurring in foreign countries and initiated in U.S.
on this Account, and to the extent permitted by law, You agree to pay all court costs,
Dollars, You will be charged 2.00% of the final settlement amount. Transactions
private process server fees, investigation fees or other costs incurred in collection
initiated via the internet with merchants or other parties located outside of the
and reasonable attorneys' fees incurred in the course of collecting any amounts
United States of America are deemed to occur in the foreign country where the
owed under this Agreement or in the recovery of any collateral.
merchant or other party is located.
Copyright Oak Tree Business Systems, Inc., 2018-2021. All Rights Reserved.
Page 3 of 4
OTBS 016CC-Variable CLEA (8/21)
TRANSACTION SLIPS. Your monthly statement will identify that merchant,
We cannot try to collect the amount in question, or report You as delinquent
electronic terminal or financial institution at which transactions were made, but sales,
on that amount.
cash advances, credit or other slips cannot be returned with the statement.
The charge in question may remain on Your statement, and We may continue
to charge You interest on that amount.
LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit Cards
While You do not have to pay the amount in question, You are responsible for
or Convenience Checks, You will immediately call Us at (800) 449-7728 or write to
the remainder of Your balance.
Us at the address shown in this Agreement.
We can apply any unpaid amount against Your Credit Limit.
CREDITS. If a merchant who honors Your Card gives You credit for returns or
After We finish Our investigation, one of two things will happen:
adjustments, they will do so by sending Us a slip which will be posted to Your Account. If
Your credits and payments exceed what You owe Us, We will hold and apply this credit
If We made a mistake: You will not have to pay the amount in question or any
against future purchases and cash advances, or if it is $1.00 or more refund it on Your
interest or other fees related to that amount.
written request or automatically deposit it to Your share account after six months.
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
Your Billing Rights: Keep this Document for Future Use
statement of the amount You owe and the date payment is due. We may
then report You as delinquent if You do not pay the amount We think You owe.
This notice tells You about Your rights and Our responsibilities under the Fair
Credit Billing Act.
If You receive Our explanation but still believe Your bill is wrong, You must write to
Us within 10 days telling Us that You still refuse to pay. If You do so, We cannot
What To Do If You Find A Mistake On Your Statement
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
If You think there is an error on Your statement, write to Us at Our address shown in
We must let those organizations know when the matter has been settled between
this Agreement. In Your letter, give Us the following information:
Us. If We do not follow all of the rules above, You do not have to pay the first $50.00
of the amount You question even if Your bill is correct.
Account information: Your name and Account number.
Dollar amount: The dollar amount of the suspected error.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
Description of problem: If You think there is an error on Your bill, describe
what You believe is wrong and why You believe it is a mistake.
If You are dissatisfied with the goods or services that You have purchased with Your
Credit Card, and You have tried in good faith to correct the problem with the
You must contact Us:
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:
Within 60 days after the error appeared on Your statement.
At least 3 business days before an automated payment is scheduled, if You
1)
The purchase must have been made in Your home state or within 100 miles
want to stop payment on the amount You think is wrong.
of Your current mailing address, and the purchase price must have been
more than $50.00. (Note: Neither of these are necessary if Your purchase
You must notify Us of any potential errors in writing. You may call Us, but if You do
was based on an advertisement We mailed to You, or if We own the company
We are not required to investigate any potential errors and You may have to pay the
that sold You the goods or services.)
amount in question.
2)
You must have used Your Credit Card for the purchase. Purchases made with
cash advances from an ATM or with a check that accesses Your Credit Card
What Will Happen After We Receive Your Letter
account do not qualify.
3)
You must not yet have fully paid for the purchase.
When We receive Your letter, We must do two things:
If all of the criteria above are met and You are still dissatisfied with the purchase,
1)
Within 30 days of receiving Your letter, We must tell You that We received Your
contact Us in writing at Our address shown in this Agreement.
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
While We investigate, the same rules apply to the disputed amount as discussed
explain to You why We believe the bill is correct.
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
While We investigate whether or not there has been an error:
as delinquent.
Copyright Oak Tree Business Systems, Inc., 2018-2021. All Rights Reserved.
Page 4 of 4
OTBS 016CC-Variable FRB_Web (8/21)
PRICING INFORMATION ADDENDUM -
CLEARVIEW
CREDIT CARD ACCOUNT AGREEMENT
AND FEDERAL DISCLOSURE STATEMENT
FEDERAL CREDIT UNION
THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR PLATINUM MASTERCARD® AND
8805 University Boulevard
PREMIUM WORLD MASTERCARD® CREDIT CARD AGREEMENT AND DISCLOSURE. PLEASE BE SURE TO READ
Moon Township, PA 15108
THIS ADDENDUM CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
Platinum Mastercard®:
9.24% - 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 World Mastercard®
0.00% Introductory APR for 12 billing cycles.
After that Your APR will be
12.25% - 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.
Annual Percentage Rate (APR)
Platinum Mastercard® 0.00% introductory APR for
billing cycles.
For Balance Transfers
After that, Your APR will be 9.24% - 18.00% based on Your creditworthiness, and
will vary with the market based on the Prime Rate.
Your APR will vary with the market based on the Prime Rate.
Premium World
Mastercard® 0.00% introductory APR for
billing cycles.
After that, Your APR will be 9.24% - 18.00% based on Your creditworthiness, and
will vary with the market based on the Prime Rate.
Your APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Platinum Mastercard®: 9.24% - 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 Mastercard 12.25% - 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.
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
Balance Transfer
4.00% of each transfer.
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.
FINANCE CHARGES. In the case of any transactions under Your Platinum Mastercard and Premium World® 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.
For Platinum Mastercard®, balances for purchases will accrue Finance Charges at a Monthly Periodic Rate of 0.770% - 1.500% (corresponding ANNUAL PERCENTAGE
RATE of 9.24% - 18.00%), based on Your creditworthiness at the time You establish Your Account. For Balance transfer transactions Your entire balance for balance transfers,
Copyright Oak Tree Business Systems, Inc., 2018-2021. All Rights Reserved.
Page 1 of 2
OTBS 016A CC-Variable FRB_WEB CLEA (8/21)
for
billing cycles, You 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 balance transfers existing at that time and in the future will immediately increase to
0.7700% - 1.500% (corresponding ANNUAL PERCENTAGE RATE of 9.24% - 18.00%), based on Your creditworthiness at the time You establish Your Account. Balances
for cash advances will accrue Finance Charges at a Monthly Periodic Rate of 0.770% - 1.500% (corresponding ANNUAL PERCENTAGE RATE of 9.24% - 18.00%), based
on Your creditworthiness at the time You establish Your Account.
For Premium World® Mastercard® purchase transactions, during the first 12 billing cycles following the date that You establish a Premium World® 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
1.0208% - 1.5000% (corresponding ANNUAL PERCENTAGE RATE of 12.25% - 18.00%), based on Your creditworthiness at the time You establish Your Account. For
Balance transfer transactions Your entire balance for balance transfers, for
billing cycles, You 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 balance
transfers existing at that time and in the future will immediately increase to 1.0208% - 1.500% (corresponding ANNUAL PERCENTAGE RATE of 12.25% - 18.00%), based
on Your creditworthiness at the time You establish Your Account. Balances for cash advances will accrue Finance Charges at a Monthly Periodic Rate of 1.0208% - 1.5000%
(corresponding ANNUAL PERCENTAGE RATE of 12.25% - 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 day that any Introductory Rate Period expires, and subsequently, 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 day that any Introductory Rate Period expires, and subsequently, 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® Mastercard®, the Margin will be 9.00% - 15.00% depending on Your creditworthiness. For Platinum Mastercard the Margin will be 5.99% - 14.75%,
depending on Your creditworthiness.
Copyright Oak Tree Business Systems, Inc., 2018-2021. All Rights Reserved.
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