FIRST LATITUDE MASTERCARD® SECURED CREDIT CARD 

SUMMARY OF TERMS as of 2/1/2019 

Interest Rates and Interest Charges 
Annual Percentage Rate (APR) 
for Purchases 

26.74% 

This APR will vary with the market based on the Prime Rate. 

APR for Cash Advances 

26.74% 

This APR will vary with the market based on the Prime Rate. 

Paying Interest 

Minimum Interest Charge 

Your due date is at least 25 days after the close of each billing cycle. We will 
not charge you any Interest on purchases if you pay your entire balance by the 
due date each month.  We will begin charging Interest on Cash Advances on 
the transaction date. 
If you are charged Interest, the charge will be no less than $1.50. 

For Credit Card Tips from the 
Consumer Financial 
Protection Bureau 

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 http://www.consumerfinance.gov/learnmore 

Fees 

Annual Fee 

Transaction Fees 

•  Cash Advance 

No Annual Fee  

Either $10.00 or 3% of the amount of each Cash Advance, whichever is greater 

•  Foreign Transaction 

3% of the transaction amount 

Penalty Fees 

•  Late Payment 

Up to $39.00 

•  Returned Payment 

Up to $28.00 

How We Will Calculate Your Balance: We use a method called "daily balance”.  See the Cardholder 
Agreement for more details. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided 
in the Cardholder Agreement. 

Margins and Daily Periodic Rates with Corresponding APRs (as of 2/1/2019) 

Purchase Rate 

Cash Advance and Convenience Check 
Rate 

Margin 

21.24% 

21.24% 

Daily Periodic Rate  0.0732603% (corresponding APR of 26.74%)  0.0732603% (corresponding APR of 26.74%) 

These rates may increase monthly, effective as of the first day of your Billing Cycle. See the Cardholder 
Agreement for details. 

This Summary of Terms is incorporated into and made part of the accompanying Cardholder Agreement. 
Retain both for your records. 

FLSUT-090117-020119