CONSUMER PLATINUM

Credit Terms
and Fees

TIER 1

Variable Rate: Your APRs will vary with the market based on the Prime Rate. The 
Prime Rate is the highest bank prime loan rate as published by the Wall Street 
Journal in its Money Rates Section on the 14th day (or the next business day if 
the 14th is not a business day) of the calendar month preceding the first day of 
the billing period. If the Periodic Rate(s) and corresponding Annual Percentage 
Rate(s) increase, your interest charges will increase and your minimum payment 
may be greater.

Penalty Rate: If you fail to make your required minimum payment on your Account 
by the due date, make a payment that is returned, or fail to do any of the same on 
any other account held with us; all rates may increase to the Penalty Rate. If your 
APR is increased for any of the above reasons, we may keep the APRs at this 
higher level indefinitely or until we receive (6) consecutive minimum payments by 
the required due date.

Application of Payments: Please refer to your Cardholder Agreement for specific 
information regarding your Application of Payment details.

Minimum Payment: Please refer to your Cardholder Agreement for specific 
information regarding your Minimum Payment details.

Cash Equivalent Transactions: Cash equivalent transactions are those 
transactions performed using a merchant or service provider that Masterard/VISA 
identifies as a seller of traveler’s cheques, foreign currencies, money orders, wire 
transfers, lottery tickets, funds used for wagers or gambling or similar products and 
services.

Other Fees:
Replacement Card .......................................................$35.00 (includes delivery)
Copy of Sales Voucher ................................................................................$7.50
Additional Copy of Paper Statement ...........................................................$7.50
Annual Second Card Fee ............................................................................$0.00

CONTACT US:

Card Assets
3595 Canton Rd.
Suite 312-339
Marietta, GA  30066-2658
1.800.854.7642 
www.24-7cardaccess.com

CONSUMER PLATINUM: CREDIT TERMS AND FEES 

 05/2022

Privacy Policy to be included as part of
the Cardholder Agreement.
                               M-901000

Summary of Credit Terms                   Effective 05/15/2022 

Fees

Interest Rates and Interest Charges
Please read carefully and review the pricing & terms.

Annual Percentage 
Rate (APR) for 
Purchases

Balance  Transfers 
APR

0.00% introductory APR for the first

twelve (12) billing cycles. After that your APR

will be 11.24%. This APR will vary with

the market based on the Prime Rate.

0.00% introductory APR for the first twelve 
(12) billing cycles. After that your APR will be
11.24%. This APR will vary with the market
based on the Prime Rate.

Cash Advances and 
Cash Equivalent 
Transaction APR

0.00% introductory APR for the first twelve 
(12) billing cycles. After that your APR will be
16.24%. This APR will vary with the market
based on the Prime Rate.

Penalty APR  and 
When it Applies

26.24%. This APR will vary with the market 
based on the Prime Rate.

This APR may be applied to your account if 
you:

1.  Make a late payment

2.  Make a payment that is returned

3. 

Do any of the above on any other
account held with us

How Long Will the Penalty APR Apply?

The penalty rate may be applied to your 
account until we receive six (6) consecutive 
minimum payments, with each payment being 
received by the required payment date.

Your due date is at least 25 days after
the close of each billing period. We will
not charge you periodic interest on new 
purchases, or any portion of a new purchase, 
paid by the due date on your current billing 
statement if your entire balance on your 
previous billing statement is paid in full by the 
due date on that statement.

How to Avoid 
Paying Interest on 
Purchases

Annual Fees:

• 
• 

Annual Fee
Rewards Fee

Transaction Fees:

• 

Balance
Transfer

• 
• 

• 

None
None

Either $10.00 or 4% of the amount of
each transfer, whichever is greater.

• 

Cash Advance

• 

Either $10.00 or 5% of the amount
advanced, whichever is greater.

• 

Foreign
Transaction

• 

3.0% of the US dollar amount of the
transactions originating in a foreign 
country.

Penalty Fees:

• 

• 

• 

Late Fee
(Late Payment)

• 

Up to $35.00

Returned
Payment
Charge

Over Credit
Limit Fee

• 

$25.00 per item

• 

$0.00

How We Will Calculate Your Balance: We use a method called 
“average daily balance” (including new purchases). See your Cardholder 
Agreement for more details.

Loss of Introductory APR: We may end your introductory APR and
apply the Penalty APR if you make a late payment.

Billing Rights: Information on your rights to dispute transactions and 
how to exercise those rights is provided in your Cardholder Agreement.

Margins & Periodic Rates with Corresponding APRs

Margin

Daily Periodic Rate

Minimum  Interest 
Charge

If you are charged interest, the charge will be 
no less than $1.00.

Purchase Rate 

7.74%

0.03011%
(Corresponding APR of 11.24%)

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

Balance  Transfer 
Rate

7.74%

0.03011%
(Corresponding APR of 11.24%)

Cash Advance and 
Cash Equivalent 
Transaction Rate

12.74%

0.04381%
(Corresponding APR of 16.24%)

Penalty Rate 

22.74%

0.07121%
(Corresponding APR of 26.24%)

CONSUMER PLATINUM: CREDIT TERMS AND FEES 

05/2022