SECURED CREDIT CARD APPLICATION
COMMUNITY
CREDIT UNION
Secured Platinum Rewards MasterCard
Earn points each time you use our Secured Platinum Rewards MasterCard. You can redeem those points for cash, travel, merchandise,
event tickets and much more. You'll earn at least one point for each dollar of purchase, or considerably more if shopping with a
merchant on our Rewards Plus list. And don't forget the 1,000 bonus points you get with your first purchase. It also features an
introductory rate as low as 0% APR and no balance transfer fees. Visit www.selectyourrewards.com/UICCU and select "browse
only" for details.
Credit line requested $
($500 minimum)
Applicant information (Please print clearly. All information is required to process.)
Are you a citizen or permanent resident of the United States?
Yes
No
Name
(as you wish it to appear on the card)
Date of Birth
Social Security #
Mother's Maiden Name
Street A dress
How Long at Address
Home Phone
City
State
ZIP
Cell Phone
Email Address
Do You A Own A Rent
Employer
Date Employed
Work Phone
Payment $
$
$
Gross Annual Income
Other Gross Annual Income (Alimony, child support, or separate maintenance income need not be revealed if you
do not wish to have it considered as a basis for repaying the obligation).
Name:
City/State:
Phone Number
Name:
City/State:
Phone Number
REQUIRED: Please list the information of the nearest relatives not living with you.
Co-applicant information (Please print clearly.)
Name
(as you wish it to appear on the card)
Date of Birth
Social Security #
Mother's Maiden Name
Street Address
How Long at Address
Home Phone
UICCU Member Number
City
State
ZIP
Cell Phone
Email Address
Do You A Own A Rent
Employer
Date Employed
Work Phone
Payment $
$
$
Gross Annual Income
Other Gross Annual Income (Alimony, child support, or separate maintenance income need not be revealed if you
do not wish to have it considered as a basis for repaying the obligation).
Interest Rates and Interest Charges
Introductory Annual
Percentage Rate (APR) for
A fixed Introductory rate of
0%-11.9%* shall apply for the first six months. Thereafter, the
Purchases, Balance
APR for all outstanding indebtedness and new balances relating to purchase transactions shall be
Transfers and Cash
at the rate listed below.
Advances
11.9 - 18.9%*
APR for purchases, Balance
Non-Variable Rate
Transfers and Cash
*Your APR is dependent on your Credit Worthiness
Advances
How to Avoid Paying
Your due date is at least 25 days after the close of each billing cycle. We will not charge you
Interest on Purchases
any 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.
None
Minimum Finance Charge
For Credit Card Tips from
the Consumer Financial
To learn more about factors to consider when applying for or using a credit card, visit
the website of the Consumer Financial Protection Bureau at
Protection Bureau
www.consumerfinance.gov/learnmore.
Fees
Annual Fee
None
Transaction Fees
1.
Internal Balance
1.
None
Transfer Fees
2.
None
2.
External
3.
None
Balance
4.
Either $5, or 3% of the amount of each cash advance, whichever is greater
Transfers
5.
1% of each foreign transaction in U.S. dollars
Fees
3.
Convenience Check Fees
4.
Cash Advance Fees
5.
Foreign Transaction Fees
Penalty Fees
Up to $15
Late Payment Fee
None
Over-the-Credit Limit Fee
Returned Check Fee
Up to $25
Other Fees & Charges
Card Replacement Fee (for any reason): $10.00
How We Will Calculate Your Interest: We use a method called "average daily balance (including new purchases)." See your cardholder agreement for more details.
Payments: The minimum monthly payment is 2% of the new balance, or $25.00, whichever is greater. If the unpaid interest and fees on the account are greater than the
minimum monthly payment, the minimum monthly payment will become that amount. Any amount that is past due or prior minimum payments that were not made will also be
added to the minimum monthly payment amount.
Loss of Introductory APR: You will lose your Introductory APR if your account becomes delinquent or over the limit.
This information is accurate as of 9/01/2015.
PLEDGE OF SHARES. You grant us a security interest in any of your share accounts with us to secure payment of your Account. You authorize us to apply any funds in your
share accounts to the balance owing on your Account if you should default.
SIGNATURE(S)
1. You promise that everything you have stated in this application is correct to the best of your
bureau from which it received a credit report on you. It is a federal crime to willfully and
knowledge. If there are any important changes you will notify us in writing immediately. You
deliberately provide incomplete or incorrect information on loan applications made to
authorize the UICCU to obtain credit reports in connection with this application for credit and
federal credit unions or state chartered credit unions insured by the NCUA.
for any update, increase, renewal, extension or collection of the credit received. You
2. You understand that the use of your card will constitute acknowledgement of receipt and
understand that the UICCU will rely on the information in this application and your credit report
agreement to the terms of the credit card agreement and disclosures. MasterCard may not
to make its decision. If you request, the UICCU will tell you the name and address of any credit
be used for any illegal transactions.
Applicant Signature
Date
Other Applicant Signature
Date
FOR UICCU USE ONLY
Average Beacon
Line-of-Credit amount approved $
Is this card replacing an existing UICCU Credit Card? Y/N
Originated by Employee Number:
Approved by Employee Number:
Rev 9/28/15
Addendum to Card Holder Agreement
UICCU Secured Credit Card Agreement and Disclosures
In addition to the Card Holder Agreement for consumer credit transactions provided to you, by signing and/or submitting the
Credit Union's secured credit card application, you agree that:
1.
If you are approved for this offer, you hereby accept this offer from University of lowa Community Credit Union (the
"Credit Union") for a secured consumer credit card account with the understanding that the amount deposited by you
(subject to any minimum required by Credit Union) in a new Secured Deposit Account will be used as security and
collateral to secure the obligations to the Credit Union stemming from your Secured Credit Card Account.
2.
By signing this agreement, you request that the Credit Union open a Secured Deposit Account as described above,
subject to all Credit Union policies and applicable laws and regulations. The owners of the Secured Deposit Account
are identical to the Cardholders on the Secured Card Account.
3. The Secured Deposit Account and Secured Credit Card Account that you are opening with the Credit Union is also
subject to the terms of the Card Holder Agreement, and by signing herein you agree to all terms in the Card Holder
Agreement. If there is a conflict between the Card Holder Agreement or any other agreement and this Agreement,
this Agreement will control.
4.
The Credit Union will open the Secured Deposit Account in your name(s) subject to all Credit Union account policies.
You agree to provide a security deposit in the Secured Deposit Account that is at minimum equal to your credit
limit on your secured consumer credit card. THE SECURED DEPOSIT ACCOUNT DOES NOT EARN INTEREST.
5.
The Secured Deposit Account is a security interest, pledge and assignment and is given as security for any amounts
you may owe under the Secured Credit Card. This means the Credit Union has control over the Secured Deposit
Account. You agree to surrender and irrevocably grant the Credit Union a security interest in the Secured Deposit
Account and any funds or balance held in said account. You may not make other withdrawals or electronic transfers to
or from the Secured Deposit Account unless all obligations are satisfied and the credit card has been closed. The
Credit Union may not send statements for the Secured Deposit Account. The Secured Deposit Account is not payable
at a specific date or after a specified period of time.
6. You agree that this security interest gives the Credit Union the right to redeem and withdraw from the Secured
Deposit Account upon the default or termination, for all balances due including interest, fees, and principal, of the
Secured Credit Card offered herein. In order to facilitate recovery and upon the default of the Credit Card, the Credit
Union and its agent is authorized as attorney-in-fact to execute documents needed to recover the obligation owed.
7. If the Secured Credit Card is closed for any reason, Credit Union will apply funds in Secured Deposit Account to pay off
any obligations or balances due. If any funds remain in the account after all obligations (including interest and fees)
are satisfied, the remaining funds will be held by the Credit Union for 60 days before being returned to the owner(s)
of the Secured Deposit Account.
8. The Credit Union may require that you provide it with 7 days advance written notice of your request to close the
Secured Deposit Account, subject to the Credit Union's rights under the Security Agreement. The Credit Union may
change these terms at any time by adding new terms or deleting or amending current terms.
9. Your signature(s) or other authentication will serve as verification for any transaction in connection with the Secured
Deposit Account.
10. You will receive a Card Holder Agreement with your card(s). The Card Holder Agreement becomes effective and you
agree to its terms by either using your Secured Card Account or by not closing your Secured Card Account within three
days of receipt of your Card Holder Agreement.
11. Secured Deposit Account:
Cardholder Signature
Date
Cardholder Signature
Date
Cardholder Name
Cardholder Name
Rev 9/28/15