SELECT CARD ALLIANCE AGREEMENT for MasterCard® and Visa
M-112555
Effective September 1, 2014
This Agreement governs the terms and conditions of your Account, which is issued by Fifth
Minimum Amount Due: The minimum amount you must pay by the Payment
Third Bank, Cincinnati, OH. You should retain and carefully review this entire Agreement. You
Due Date shown on the front of your Account Statement.
and we agree as follows:
Daily Periodic Rate: The periodic rate that applies to certain Transactions calculated on a
daily basis.
We give this Agreement to our cardholders when they are approved for an Account, or
New Balance: The new balance on your Account shown on the front of your
when they request it. By opening an Account and making Transactions, you agree to use
Account Statement.
this Account only for personal, family or household purposes and to comply with this entire
Payment Address: The remittance address indicated on the front of your
Agreement. Unless otherwise specified, the words you, your and yours mean anyone who
Account Statement.
applied to US for an Account and whose application we have approved, and who uses the
Payment Due Date: The date shown on the front of your Account Statement
Account with your permission. The words we, our, US and Fifth Third mean Fifth Third
by which we must receive payment for the Billing Cycle.
Bank and its successors and assigns.
PIN: Personal identification number.
POS: Point of sale.
DEFINITIONS
Purchase: A purchase or lease of goods or services made with your Card or your Account.
AAA: The American Arbitration Association.
Transaction: A Purchase or a Cash Advance.
AAA Rules: The AAA Rules and Procedures.
U.S.: United States.
Account: Unless the context provides otherwise, your account that you can access
Visa: Visa International.
with your Select Card Alliance MasterCard or Visa credit card.
WSJ Prime Rate: The highest prime rate published in the "Money Rates" section
of the online version of The Wall Street Journal.
Account Statement: The periodic statement we mail to you in connection with
your Account.
Agreement: This Select Card Alliance Agreement for MasterCard and Visa.
Applicable Law: At any time, any applicable (a) federal, state or local statutes,
HOW TO USE YOUR CARD AND ACCESS YOUR ACCOUNT
regulations, licensing requirements, regulatory bulletins or guidance, regulatory
1. Card Transactions, Purchases and Cash Advances. You may use your Account
examinations, agreements or orders, (b) rule, regulation, restriction, requirement
and your Card to make a Purchase or obtain a Cash Advance by presenting your Card or your
or contractual term of Visa, MasterCard or other card network, and (c) judicial or
Account number to participating merchants and establishments where the Card is honored.
administrative interpretations of any of the foregoing.
APR: Annual percentage rate.
You may also use your Card to transfer balances from other creditors, to make other
ATM: Automated teller machine.
transactions by means of balance transfer coupons or checks, or for any other transactions
Available Credit Limit: The difference between the balances you owe US and
that we encourage you to make through an introductory or promotional offer, in accordance
your Account credit limit.
with the additional terms and conditions that we may offer from time to time. Unless we tell
Billing Cycle: Time periods we use to manage your Account; each Billing Cycle
you otherwise, we will also treat any such balance transfer or other transaction as a Purchase.
is approximately one month long.
Business Day: Monday through Friday, excluding holidays.
You agree that any debt incurred using your Account or your Card is valid, regardless
Card: Unless the context provides otherwise, each MasterCard and/or VISA card
of the purpose of the Transaction.
that we issue on your Account.
Cash Advance: A transaction in which you (a) use your Card to get cash from an ATM;
Purchases from a merchant that are directly convertible to cash (sometimes called "quasi-
(b) present your Card to any bank or other person that accepts the Card to get cash or
cash" transactions), such as purchases of casino gaming chips, money orders, wire transfer
cash-like equivalents (for example, money orders, traveler's checks or other payment
services, travelers cheques or foreign currency, may not be permitted with your Card. You may
instruments) from your Account; (c) use a Convenience Check, or (d) use your Card or
not use your Card or your Account for any illegal transaction or any gambling transaction. We
your Account number to make a person-to-person transfer conducted through the Internet
reserve the right to decline any such transaction without notice.
or otherwise.
Claim: Any claim, dispute or controversy between you and US arising from or relating to
Unless prohibited by Applicable Law, we may, from time to time, limit the type, number and
this Agreement, any prior agreement that you may have had with US or the relationships
dollar amounts of any Transactions, even if you have sufficient available credit. We may also
resulting from the Agreement or any prior agreement, including the validity, enforceability
terminate or suspend your use of your Account and Card and access to your Account without
or scope of this provision, the Agreement or any prior agreement. Claim includes claims of
notice unless prohibited by Applicable Law.
every kind and nature, including but not limited to initial claims, counterclaims, cross-claims
and third-party claims and claims based upon contract, tort, fraud and other intentional
2. Credit Limit. We may establish an Account credit limit. You agree not to let the sum
torts, statute, common law and equity. The term Claim is to be given the broadest possible
of all Transactions posted to your Account, plus any finance charges, fees and other charges
meaning and includes, by way of example and without limitation, any claim, dispute or
provided for in this Agreement, exceed your Account credit limit as communicated to you from
controversy that arises from or relates to (a) the Account created by the Agreement or any
time to time.
prior agreement or any balances on the Account, (b) advertisements, promotions or oral
or written statements related to the Account or the terms of financing, and (c) your use of
Your initial Account credit limit will be disclosed in the document that accompanies your Card.
the Account.
Your Account Statement may also show that only part of your Account credit limit may be
Convenience Check: A check that may be used to access your Account.
used for Cash Advances.
Credit Insurance/Debt Protection Plan: An optional credit insurance and/or debt
protection product that may be made available to you for purchase.
Cash Advances, including Convenience Checks and Ready Reserve transactions, are charged
Current Billing Cycle: A Billing Cycle that just ended.
against your Cash Advance credit limit. Unless we inform you otherwise, your Cash Advance
EFT: Electronic funds transfer.
credit limit will be up to 50% of your total Account credit limit.
FAA: Federal Arbitration Act.
Foreign Transaction: A Transaction that occurs or is submitted to US from outside
We may refuse to authorize or accept any Transaction on your Account or Card that would
the United States or in a foreign currency.
cause you to exceed your Available Credit Limit. If we, in our sole discretion, decide to
International Transaction Fee: A fee imposed for each Transaction outside of
authorize or accept a Transaction on your Account or Card that would exceed your Available
the U.S. or in a foreign currency.
Credit Limit, we will not be liable to you if we do. Subject to Applicable Law, we may charge
MasterCard: MasterCard International.
to and deduct from your Account the amount of the Transaction and other related fees
1
provided for in this Agreement. We may also request that you immediately repay US the
PAYING YOUR BILLS
amount in excess of your Available Credit Limit, suspend your Account or Card privileges and
7. Periodic Account Statements. Except as otherwise stated in this Agreement, we will
terminate this Agreement.
send you an Account Statement. Unless you make other arrangements with US, your Account
Statement will be mailed to you by regular mail to your address as it appears on our records.
3. Convenience Checks. We may issue Convenience Checks to you, which may be used
to access your Account. We will treat any Convenience Check issued to you that we pay as a
We will send your Account Statement for each Billing Cycle at the end of which your Account
Cash Advance (except for a Convenience Check issued to you as part of a promotional offer
has a debit or credit balance in excess of $1.00 or on which a finance charge has been
which, unless we tell you otherwise, will be treated as a Purchase), and we will deduct the
imposed. Generally, you will receive 12 Account Statements each year your Account is open.
amount of the Convenience Check from your Cash Advance credit limit. Each Convenience
We will not send your Account Statement if (a) we deem your Account uncollectible, (b)
Check must be denominated in U.S. dollars and completed and signed by you in the same
delinquency collection proceedings have been instituted, or (c) for any other reason permitted
manner as a personal check. If we provide you with Convenience Checks for your Account,
by Applicable Law.
you may not use them to pay any amount you owe on your Account. You may not request,
and we will not honor, a stop payment on any Convenience Check. We reserve the right to
8.
Payments. Your payment is due on or before the Payment Due Date shown on your
return any Convenience Check unpaid if (a) the amount of the Convenience Check exceeds
Account Statement. You must pay at least the Minimum Amount Due shown on your Account
your Cash Advance credit limit; (b) your Account is not in good standing or you are otherwise
Statement on a monthly basis, which will be the greatest of (a) 2% of the New Balance, (b)
in default of this Agreement; (c) your Card or Convenience Checks have been reported
0.5% of the New Balance plus total billed finance charges and any fees, or (c) $25.00.
lost or stolen or your Account may have been subject to unauthorized use; (d) you use a
Any New Balance less than $25.00 is payable in full. The Minimum Amount Due shown on
Convenience Check to pay any amount you owe on your Account; or (e) for any other reason.
your Account Statement will also include any amount past due and any amount by which your
We will not be liable if we choose to return any Convenience Check unpaid.
Account exceeds its credit limit. You agree to make all payments by check or other negotiable
instrument drawn on a U.S. branch of a financial institution located in the U.S. or by money
order. Payments must be denominated in U.S. dollars.
LOST CARDS, UNAUTHORIZED USE OF ACCOUNT OR CARD AND OTHER
CONCERNS
All payments submitted by mail, except disputed payments, must be mailed or delivered
4. Unauthorized Use of Your Account or Card. If you notice the loss or theft of
to US at the Payment Address. Any payments received after 5:00 p.m. Central Time on
your Card or a possible unauthorized use of your Card or Account, you should write to US
any Business Day will be credited on the next Business Day. Credit to your Account may be
immediately at: Select Card Alliance, P.O. Box 495933, Cincinnati, OH 45249-5933 or
delayed for up to 5 days if the payment is (a) not received at the Payment Address, (b) not
call US at: 877-881-6018 We may still require you to provide notice in writing.
made in U.S. dollars drawn on a U.S. branch of a financial institution located in the U.S. or by
money order, or (c) not accompanied by the top portion of your Account Statement. Delayed
YOU SHOULD NEVER WRITE YOUR PIN ON YOUR CARD OR KEEP ANY WRITTEN RECORD
crediting may cause you to incur additional fees and finance charges. (You understand that
OF YOUR PIN ON ANY MATERIAL THAT IS KEPT WITH YOUR CARD. If there is any loss, theft
payments submitted by mail may not be made, and may not be deemed received by US, at
or possible unauthorized use of your Account or Card, we may require you to provide US
any location other than the Payment Address.) All credits for payments to your Account are
information in writing or other assistance to help US find out what happened. We may also
subject to final payment by the institution on which the item of payment was drawn.
require you to comply with certain procedures in connection with our investigation. Unless
prohibited by Applicable Law, we will deem any such use as having been authorized by you,
Although we may post payments as of the date we receive them, your Available Credit Limit
and you will be liable for the amount of any Transactions plus finance charges and fees and
may not be restored for up to 10 days after we receive your payment. Payments on your
other charges incurred with any such use, if you fail to provide US with any such information
Account that exceed the Minimum Amount Due will be allocated first to the Account balance
or
assistance or to comply with such procedures. Unauthorized Card or Account use does not
with the highest APR, and then to each consecutive Account balance bearing the next highest
include use of your Card or your Account by any person you have authorized to use your Card
APR, at the time payment is posted to your Account. Payments on your Account that do not
or Account.
exceed the Minimum Amount Due will be applied in the following order: finance charges,
fees, the Account balance with the lowest APR, then to each consecutive Account balance
5. Limitation of Your Liability. You will not be liable for any unauthorized use that
bearing the next lowest APR at the time payment is posted to your Account.
occurs after you notify US. You may, however, be liable for unauthorized use that occurs before
your notice to US. In any case, your liability will not exceed $50. You will have no liability
We may, in our sole discretion, offer you the ability to make your payments on an expedited
for unauthorized use of your Card for transactions if (a) you have exercised reasonable care
basis. When you authorize US to process an expedited payment to your Account, we may
in safeguarding the Card from risk of loss or theft; (b) you have not reported two or more
charge you a fee. The amount of the fee will be disclosed to you at the time of the payment.
incidents of unauthorized use to US in the preceding 12 months; and (c) your Account is in
We are not responsible if your financial institution dishonors an expedited payment for any
good standing. This section does not apply when a PIN is used as your identification method.
reason, and we will retain the fee in those circumstances.
Zero liability does not apply to MasterCard-branded cards issued to an entity other than a
natural person; primarily for business, commercial or agricultural purposes, except small
9. Prepayment. You may pay without penalty any portion of the entire New Balance or
business "Debit MasterCard BusinessCard", "MasterCard BusinessCard", "Debit MasterCard
more than your Minimum Amount Due before the Payment Due Date. You understand that by
Professional Card" and "MasterCard Professional Card"; outside the U.S. region; or if
a
making a prepayment, the total amount you owe US will be reduced but that you must pay
PIN is used as the cardholder verification method for the unauthorized transaction(s).
the Minimum Payment Due in successive Billing Cycles as reflected in your Account Statement.
Cardholder must meet these three conditions: 1. The cardholder must have exercised
reasonable care in safeguarding his or her card from risk of loss or theft; 2. The cardholder
must not have reported two or more incidents of unauthorized use within the preceding
DETERMINATION OF FINANCE CHARGES
12 months; 3. The account must be in good standing. Visit MasterCard's Zero Liability link
10. Daily Periodic Rate. We determine the Daily Periodic Rate by dividing the applicable
at www.mastercard.com
APR by 365.
6. Third-Party Claims or Defenses. We are not responsible if a third party refuses
11. Minimum Finance Charge. If you incur finance charges in any Billing Cycle that
to accept or honor your Card or Account, even if you have sufficient available credit. Except
total less than $1.00, the finance charge that will be charged to your Account is $1.00.
as required by Applicable Law, we will not be responsible for any claim or defense you may
have against any third party that arises out of or in connection with any Transaction with your
12. APR.
Account or Card or any services or goods or other property purchased or leased using your
(a) Purchases and Cash Advances. Documents accompanying your Card, which are
Account or Card.
incorporated by reference into this Agreement, disclose the APR for Purchases and
Cash Advances in effect when your Account is opened.
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Variable APR for Purchases. If the APR for Purchases is a variable rate based on the
13. Balance Subject to Finance Charge and Finance Charges.
WSJ Prime Rate plus a margin, we will calculate the rate monthly by adding the applicable
(a) Balance Subject to Finance Charge. We will treat all fees (including Credit Insurance/
margin for those Transactions to the WSJ Prime Rate. (A "margin" is the percentage we add
Debt Protection Plan fees but excluding Cash Advance fees) as Purchases for the purpose of
to the WSJ Prime Rate to calculate the APR.) This APR may vary (increase and decrease),
computing the average daily balance for Purchases. We will treat Cash Advance fees as Cash
but will not exceed 24.99% (corresponding Daily Periodic Rate of 0.0685%). Any increase
Advances for the purpose of computing the average daily balance for Cash Advances. We
or decrease in the Prime Rate will result in an increase or decrease in your Daily Periodic
calculate the balances of Purchases that are subject to a finance charge separately, based on
Rate and the APR, and as a result, the finance charge and the Minimum Amount Due will
the average daily balance of those Purchases in the Current Billing Cycle. We calculate the
change and may result in a smaller part of your payment being applied to reduce principal.
balance of Cash Advances that is subject to a finance charge separately, based on the average
We determine the WSJ Prime Rate two days prior to the closing date of your Billing Cycle.
daily balance of those Cash Advances in the Current Billing Cycle. To determine the average
Changes to the Daily Periodic Rate and corresponding APR for Purchases will be applied to
daily balance for each type of Transaction (that is, Purchases and Cash Advances) during the
your existing Account balance and to subsequent Transactions effective as of the first day of
Current Billing Cycle, we take the beginning balance of each type of Transaction each day,
the Billing Cycle in which we determine the interest rate. If The Wall Street Journal does
add any new Transactions of that type, and subtract any payments or credits applied to that
not publish the prime rate, or if it changes the definition of prime rate, we may, at our sole
type of Transaction that day. This gives US the daily balance for that type of Transaction. The
discretion, substitute another index.
daily balance for each type of Transaction is considered to be $0 for any day on which those
(b) Changes to Rates. Subject to Applicable Law, we may change the Daily Periodic Rate and
portions of your Account have a credit balance. Then, we add all of the daily balances for the
corresponding APR for Purchases and Cash Advances if you are in default of this Agreement,
Current Billing Cycle and divide the total by the number of days in the Current Billing Cycle.
or if we, in our sole discretion and from time to time, decide to take such action. (Please see
This gives US an average daily balance of each type of Transaction for your Current Billing
the sections of this Agreement entitled "Penalty APR for Payments Late by 60 Days or More,"
Cycle.
"Penalty APR for Other Default," "Changes to this Agreement" and "Default.")
(b) Finance Charges. No finance charges (other than International Transaction Fees) will be
(c) Introductory Purchase, Balance Transfer and Promotional APR Offers. At our discretion, we
imposed on Purchases if you pay in full the New Balance shown on the Account Statement
may offer you an introductory or promotional APR for all or a part of your Transactions. For
for your Current Billing Cycle by the Payment Due Date. If you have not done SO, a finance
example, we may offer you a promotional APR to encourage specific transactions, such as
charge will accrue from the transaction date on Purchases at the applicable APR for Purchases
transferring balances from accounts you have with others, or an introductory APR for Purchases
until the date payment in full is posted to your Account.
when you open an Account. The period of time for which the introductory or promotional APR
applies may be limited. Any introductory or promotional APR offer will be subject to the terms
A finance charge will be imposed on Cash Advances from the Transaction date and included in
of the offer and this Agreement. If applicable, we will disclose information regarding any
the average daily balance of Cash Advances at the applicable APR for Cash Advances until the
introductory or promotional APRs and the period of time during which they are in effect in the
date payment in full is posted to your Account. There is no grace period or time period within
document that accompanies your Card or in materials we send you about the offer after you
which to pay and avoid a finance charge on Cash Advances.
obtain your Card. If i) we receive a Minimum Amount Due after its Payment Due Date; (ii)
your total outstanding balance exceeds your Account credit limit on the closing date of a Billing
The total finance charge for a Billing Cycle is the sum of the finance charges for Purchases and
Cycle; or (iii) (A) a check, similar instrument or electronic payment order that you have used
Cash Advances. To compute the periodic rate portion of finance charges for your Current Billing
for payment on your Account has been returned to US unpaid for any reason, (B) we must
Cycle, we multiply the average daily balance of each type of your Transactions in the Current
return a check or other instrument because it is not signed or is otherwise incomplete, or (C) a
Billing Cycle by the applicable Daily Periodic Rates for that cycle and multiply this number
Convenience Check used to access your Account is not honored for any reason, we will, subject
by the number of days in the Current Billing Cycle. Fees for Cash Advances and International
to Applicable Law, adjust the APR to the APR then in effect or the penalty APR, as applicable.
Transactions, if any, are added to and included in the total finance charges for your Current
(d) Penalty APR for Payments Late by 60 Days or More. Subject to Applicable Law, we
Billing Cycle.
reserve the right to increase the APR to 24.99% (corresponding Daily Periodic Rate of
0.0685%) on all new and outstanding Account balances each time we do not receive at least
14. Fees.
the Minimum Amount Due within 60 days of its Payment Due Date. Once you become subject
Balance Transfer Fee. Unless your offer indicates otherwise, we will assess a finance
to this penalty APR, we may change your APR for outstanding balances back to the respective
charge in the form of a balance transfer fee equal to 4% of the total dollar amount of the
APRs in effect for your Account (not including any promotional APR), but only if you bring your
balance you are transferring from another account to your Account.
Account current and then, for six (6) consecutive Billing Cycles, you pay at least the Minimum
Annual/Monthly Fee. Certain cards may have an annual or monthly fee. If your Card has
Amount Due by the Payment Due Date. Any other variable or fixed APR that would otherwise
one of these fees, the amount of this fee is disclosed in the application for your Account and
apply to new and outstanding Account balances will change to this penalty APR.
also will be disclosed in the document that accompanies your Card. This fee is assessed for the
(e) Penalty APR for Other Default. Subject to Applicable Law, we reserve the right to
use of the Account and associated services, and for (i) Annual Fees, will be identified as a fee
increase the APR to 24.99% (corresponding Daily Periodic Rate of 0.0685%) on all new
on your Account Statement in the first Billing Cycle after you open your Account and annually
Transactions on your Account that occur more than 14 days after we send you notice of the
thereafter, and (ii) Monthly Fees, will be identified as a fee on your Account Statement each
increased APR each time (i) we receive a Minimum Amount Due after its Payment Due Date
month.
but before 60 days after its Payment Due Date. Once you become subject to this penalty APR,
Cash Advance Fee. We will assess a finance charge in the form of a Cash Advance fee
we may change your APR back to the respective APRs in effect for your Account (not including
equal to the greater of $5 or 4% of the total dollar amount advanced for each Cash Advance
any promotional APR), but only if you bring your Account current (if applicable), and then for
on your Account.
six (6) consecutive Billing Cycles, you pay at least the Minimum Amount Due by the Payment
Late Payment Fee. If we do not receive the Minimum Amount Due by the Payment Due
Due Date. Any other variable or fixed APR that would otherwise apply to new Account
Date, there is a late payment fee of $25. Any subsequent late fees will be $35 until you
balances will change to this penalty APR.
make your required Minimum Amount Due by the Payment Due Date for six consecutive
Billing Cycles. In any event, the late payment fee will not be greater than your Minimum
Amount Due for the Billing Cycle for which your payment was late.
International Transaction Fee. There is a finance charge in the form of a transaction
fee equal to 3% of the U.S. dollar amount of each Foreign Transaction.
This fee will be in addition to any other applicable transaction fees.
Expedited Card Delivery Fee. Subject to Applicable Law, we will charge a delivery fee
of $30 per Account if delivery of your Card is expedited.
Expedited Phone Payment. Subject to Applicable Law, we will assess a fee
of $9.95 for expedited payments taken over the phone.
Replacement Card Fee. We will assess a replacement card fee of $10 if we replace your
Card at your request.
3
Convenience Check Fee. Unless your offer indicates otherwise, we will assess a finance
If you receive our explanation but still believe your bill is wrong, you must write to US
charge in the form of a convenience check fee equal to 4% of the total dollar amount of
within 10 days telling US that you still refuse to pay. If you do so, we cannot report you
each convenience check used.
as delinquent without also reporting that you are questioning your bill. We must tell you
Documentation Fee. We will provide copies of billing statements, sales drafts and payment
the name of anyone to whom we reported you as delinquent, and we must let those
instruments ("Items") to you upon request. We will impose a fee of $5 for each copy of an
organizations know when the matter has been settled between US. If we do not follow all of
Item unless prohibited by Applicable Law. We will not impose any fee if your request is made
the rules above, you do not have to pay the first $50 of the amount you question, even if
in connection with notice of a billing error.
your bill is correct.
Other Fees. We may institute a standard charge or charges for the issuance, reissuance or
use of the Card or for the reinstatement of any Card or Account privileges which have been
Your Rights If You Are Dissatisfied With Your Card Purchase. If you are dissatisfied with the
suspended, as well as an annual fee and per item fee for each Transaction, and you agree to
goods or services that you have purchased with your Card, and you have tried in good faith
pay US such charges and fees.
to correct the problem with the 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:
15. Foreign Currency Transactions. If a Transaction is made in a foreign currency, we
1. The Purchase must have been made in your home state or within 100 miles of your current
and MasterCard or Visa, depending on which Card is used, will convert the Transaction into a
mailing address, and the Purchase price must have been more than $50. (Note: Neither of
U.S. dollar amount. MasterCard and Visa will act in accordance with their operating regulations
these are necessary if your purchase was based on an advertisement we mailed to you, or
or conversion procedures in effect at the time the Transaction is processed. Currently, their
if we own the company that sold you the
regulations and procedures provide that the currency conversion rate used is either: (1) a
goods or services.)
wholesale market rate, or (2) a government-mandated rate in effect one day prior to the
2. You must have used your Card for the Purchase. Purchases made with Cash Advances from
processing date. The currency conversion rate calculated in this manner that is in effect on the
an ATM do not qualify.
processing date may differ from the rate in effect on the transaction date or the posting date.
3. You must not yet have fully paid for the Purchase. If all of the criteria above are met and
you are still dissatisfied with the Purchase, contact US in writing at: Select Card Alliance,
16. Billing Errors. A statement of your right to dispute billing errors appears below.
P.O. Box 495933, Cincinnati, OH 45249-5933.
YOUR BILLING RIGHTS - KEEP THIS NOTICE FOR FUTURE USE
While we investigate, the same rules apply to the disputed amount as discussed above. After
This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.
we finish our investigation, we will tell you our decision. At that point, if we think you owe US
an amount and you do not pay, we may report you as delinquent.
What To Do If You Find a Mistake on Your Statement.
If you think there is an error on your statement, write to US at:
GENERAL PROVISIONS
Select Card Alliance, P.O. Box 495933, Cincinnati, OH 45249-5933
17. Accepting this Agreement. This Agreement will be effective on either the date you
In your letter, give US the following information:
sign or otherwise submit an application for the Account that we approve or the date you use,
Account Information: Your name and Account number.
or someone you authorized uses, the Card or the Account, whichever is earlier. You agree that
Dollar amount: The dollar amount of the suspected error.
by using the Account or the Card, signing an Account application or other Account document
Description of Problem: If you think there is an error on your bill, describe what you believe
or otherwise accepting the Account or the Card, you accept the terms and conditions of this
is wrong and why you believe it is a mistake.
Agreement.
You must contact US:
Within 60 days after the error appeared on your statement.
18. Promise to Pay. By using your Card or your Account, you promise to pay US for all
At least 3 Business Days before an automated payment is scheduled, if you want
Transactions made on your Account, as well as any fees, finance charges or other charges. If
to stop payment on the amount you think is wrong.
this is a joint account, each of you, together and individually, is responsible for all amounts
You must notify US of any potential errors in writing. You may call US, but if you do, we are not
owed, even if only one of you uses the Account.
required to investigate any potential errors and you may have to pay the amount in question.
19. Your Responsibility. You are responsible for all Transactions and other amounts
What Will Happen After We Receive Your Letter.
posted to your Account arising from the authorized use of your Account or Card. If you
When we receive your letter, we must do two things:
have authorized another person to use your Account or Card in any way, we will deem
1. Within 30 days of receiving your letter, we must tell you that we received your letter. We
your authorization to include the authorization to make Transactions of any kind using your
will also tell you if we have already corrected the error.
Account or Card and to incur related fees and charges. We will also deem your authorization
2. Within 90 days of receiving your letter, we must either correct the error or explain to you
to continue until you revoke it by preventing that person from using your Account or Card.
why we believe the bill is correct.
We are not responsible for controlling any person whom you have asked US to add to your
While we investigate whether or not there has been an error:
Account or someone you let use your Account or Card. You should think carefully before
We cannot try to collect the amount in question, or report you as delinquent on
allowing anyone to become an authorized user on your Account because you are allowing that
that amount.
person to use the Account as you can. If you wish to remove that person's ability to use your
The charge in question may remain on your statement, and we may continue to charge you
Account or Card, you must notify US in writing. This notice will not be effective until we receive
interest on that amount.
and have had a reasonable opportunity to act on it.
While you do not have to pay the amount in question, you are responsible for the
remainder of your balance.
We can apply any unpaid amount against your credit limit.
OUR RIGHTS AND HOW THEY AFFECT YOU
After we finish our investigation, one of two things will happen:
20. Delays in Enforcement. We can delay enforcing or not enforce any of our rights
If we made a mistake: You will not have to pay the amount in question or any interest or
under this Agreement without losing our right to enforce them in the future. For example,
other fees related to that amount.
we may accept late payments or payments that are marked "payment in full" or with other
If we do not believe there was a mistake: You will have to pay the amount in question,
restrictive endorsements without losing any of our rights under this Agreement.
along with applicable interest and fees. We will send you a 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.
4
21. Termination. Subject to Applicable Law, we may terminate this Agreement or revoke
26. Telephone Monitoring and Recording. You acknowledge that your telephone
your right to use your Account or Card, along with your right to make future Transactions, at
calls and other communications you provide to US may be monitored and recorded for training
any time and for any reason without notice to you. You or anyone you authorized to use the
and quality control purposes. You agree that we may monitor, record, retain and reproduce
Card or Account may terminate your Account and use of your Card at any time by calling US
your telephone calls and any other communications you provide to US, regardless of how
at 877-881-6018, or writing to US at Select Card Alliance, P.O. Box 495933, Cincinnati, OH
transmitted to US, as evidence of your authorization to act in connection with any Transaction,
45249-5933. Any request to terminate your Account will be effective after we have had a
your Account or other service contemplated by this Agreement. We will not be liable for any
reasonable opportunity to act on such request. The termination of this Agreement, whether
losses or damages that are incurred as a result of these actions. We are not, however, under
initiated by US or you, will not affect any of your or our rights and obligations under this
any obligation to monitor, record, retain or reproduce such items, unless required to do so by
Agreement. If this Agreement is terminated, you must still repay any amounts you owe US,
Applicable Law.
even if we allow a Transaction to be completed with your Account or Card after this Agreement
has been terminated. You agree to give to US or to destroy all of the Cards issued on your
27. Arbitration. You and we each agree that any Claim will be arbitrated instead of
Account when we ask you to or when this Agreement is terminated. If someone attempts to
litigated in court under the circumstances and procedures set forth below. Any Claim will be
use a Card after this Agreement is terminated, the Card may be retained. A Card also may be
resolved upon the election of arbitration by you or US pursuant to this provision and the AAA
retained when you try to use it when certain other events occur.
Rules in effect at the time the Claim is filed. (If for any reason the AAA is unable or unwilling
or ceases to serve as arbitration administrator, another nationally recognized arbitration
22. Default. Subject to Applicable Law, your Account will be in default under this
organization utilizing similar rules and procedures will be substituted by us.) With respect to
Agreement if any one of the following occurs: (a) you become generally unable to pay your
Claims covered by this provision, a party who has asserted a Claim in a lawsuit in court may
debts, (b) you die or are declared legally incompetent, (c) you use a check or instrument
elect arbitration with respect to any Claim subsequently asserted in that lawsuit by any other
for payment that is dishonored, (d) you fail to pay the Minimum Amount Due on or before
party or parties. IF ARBITRATION IS CHOSEN BY ANY PARTY WITH RESPECT TO A CLAIM,
your Payment Due Date, (e) any other creditor tries by legal process to take money of yours
NEITHER YOU NOR WE WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT OR HAVE
in our possession, (f) a petition is filed or other proceeding is commenced by or against you
A JURY TRIAL ON THAT CLAIM, OR TO ENGAGE IN PREARBITRATION DISCOVERY EXCEPT AS
under the federal bankruptcy act or any other applicable federal or state insolvency laws,
PROVIDED FOR IN THE AAA RULES. FURTHER, YOU WILL NOT HAVE THE RIGHT TO PARTICIPATE
(g) you provide US with any false or misleading information, (h) you breach any of your
AS A REPRESENTATIVE OR MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO ANY CLAIM
other obligations under this Agreement, (i) you exceed your Account credit limit, (j) you are
SUBJECT TO ARBITRATION. EXCEPT AS SET FORTH BELOW, THE ARBITRATOR'S DECISION WILL
in default of any other credit agreement you have with US or any of our affiliates, or (k) we
BE FINAL AND BINDING. NOTE THAT OTHER RIGHTS THAT YOU WOULD HAVE IF YOU WENT TO
believe in good faith that you may not pay or perform your obligations under this Agreement.
COURT MAY ALSO NOT BE AVAILABLE IN ARBITRATION.
The payment of any fee charged by US will not cure the default that caused the fee.
The AAA Rules and forms of the AAA may be obtained by calling 1-800-778-7879 or by
23. Our Additional Rights When You Are in Default. If your Account is in default
visiting the AAA's Web site at www.adr.org. All Claims must be filed at any AAA office.
under this Agreement, we may, subject to Applicable Law, (a) require you to pay any portion
of your outstanding Account balance immediately, (b) allow you to repay your Account subject
There will be no authority for any Claims to be arbitrated on a class action basis. Any
to the terms and conditions of this Agreement, (c) immediately terminate your Account
arbitration hearing that you attend will take place in the federal judicial district in which you
and cancel all Cards, (d) reduce your Account credit limit or otherwise limit your ability to
reside. At your written request, we will temporarily advance up to $500 towards the filing,
make Transactions as discussed in this Agreement, (e) commence a legal proceeding against
administrative and/or hearing fees for any Claim that you may file against US after you
you to collect all amounts owed in connection with this Agreement, or (f) increase the APR
have paid an amount equivalent to the fee, if any, for filing such a Claim in state or federal
for Purchases and Cash Advances. We also may charge you court costs and reasonable
court (whichever is less) in the judicial district in which you reside. At the conclusion of the
attorneys' fees that we actually incur, as permitted by Applicable Law, if your Account is sent
arbitration, the arbitrator will decide who will ultimately be responsible for paying the filing,
for collection to an attorney who is not our salaried employee. We will not be obligated to
administrative and/or hearing fees in connection with the arbitration. Unless inconsistent
honor any attempted use of your Card or your Account if your Account is in default, or we
with Applicable Law, each party will bear the expense of that party's attorneys', experts' and
have decided to terminate your Account or limit your ability to make Transactions as discussed
witness fees, regardless of which party prevails in the arbitration.
in this Agreement. Except as otherwise provided for in this Agreement, finance charges will
continue to accrue at the APR in effect at the time of default until your total Account balance,
This provision is made pursuant to a transaction involving interstate commerce and will
including such accrued finance charges, is paid in full. You agree that, subject to Applicable
be governed by the FAA, 9 U. S. C. §§ 1 et seq., as amended. The arbitrator will apply
Law, if your Account is in default under this Agreement, you will accept calls from US at your
applicable substantive law consistent with the FAA and applicable statutes of limitations
home and your place of business regarding collection of your Account. You understand and
and will honor claims of privilege recognized at law. Judgment upon the award rendered by
agree that the calls to your home may be automatically dialed and a recorded message may
the arbitrator may be entered in any court having jurisdiction. The arbitrator's decision will
be played. You agree such calls will not be considered "unsolicited" calls or telemarketing calls
be final and binding, except for any right of appeal provided by the FAA and except that, if
for purposes of state or federal law.
the amount in controversy exceeds $100,000, any party can appeal the award to a three-
arbitrator panel administered by the AAA, which will reconsider de novo any aspect of the
24. Reevaluation of Financial Condition and Credit History. We may reevaluate
initial award requested by the appealing party. The decision of the panel will be by majority
your financial condition and investigate any information you provided on your Account
vote. The costs of such an appeal will be borne by the appealing party regardless of the
application at any time. In the course of doing SO, we may obtain a current credit report and
outcome of the appeal.
ask you for additional information about your financial condition by completing a Personal
Financial Statement or such other form that we request from time to time. You give US
As solely used in this provision, the terms we and US will for all purposes mean Fifth Third
your permission to obtain any information about you that we believe would be beneficial to
Bank, all of its parents, wholly- or majority-owned subsidiaries, affiliates, predecessors,
facilitate our determination of your eligibility for the Account and the Card, including credit
successors and assigns, and all of their independent contractors, agents, employees, directors
reports from consumer reporting agencies. We may, as a result of any such re-evaluation,
and representatives.
deem your Account to be in default.
This provision will survive termination of your Account, as well as the repayment of all
25. Communicating With You; Consent To Contact By Electronic And Other
outstanding amounts incurred in connection with this Agreement. If any portion of this
Means. To the extent permitted by applicable law, you consent that we may contact you at
provision is deemed invalid or unenforceable under any law or statute consistent with the FAA,
any
telephone number that you have given to US, any number that you have called US from
it will not invalidate the remaining portions of this arbitration provision or the Agreement. In
or any number we have for you in our records, including your cellular or other wireless device
the event of a conflict or inconsistency between the AAA Rules and this arbitration provision,
to service your account or for collection purposes. We have your permission to contact you
this provision will govern.
by any means available, including by text message. You also agree that we may contact you
using prerecorded messages or automatic dialers. When we use the words "we" and "US" in
28. Changes to this Agreement. Subject to Applicable Law, we can change this
this paragraph, we are also referring to our affiliates, agents and service providers. If you give
Agreement at any time, regardless of whether you have access to your Account, by adding,
US an email address, you also consent to our contacting you by email.
deleting or modifying any provision (including increasing any rate of finance charge,
5
increasing or adding fees or charges (including annual fees), changing the method of
33.
Severability. If any provision of this Agreement is deemed to be void or unenforceable
computing balances subject to finance charge, changing your Account credit limit, changing
by a court of competent jurisdiction, or any governmental agency, that provision will continue
the date upon which finance charges begin to accrue, changing the Minimum Amount Due
to be enforceable to the extent permitted by that court or agency, and the remainder of that
or limiting the number or amount of Transactions on your Account). Any such changes will
provision will no longer be considered as part of this Agreement. All other provisions of this
generally be effective immediately unless we are required by Applicable Law to provide you
Agreement will, however, remain in full force and effect.
with advance written notice of the proposed changes. If this is the case, those changes will be
effective immediately following the effective date stated in the notice. Subject to Applicable
34. Governing Law. This Agreement is entered into between you and US in the State of
Law, any such changes will apply to your outstanding Account balance on the effective date
Ohio, and your Account and this Agreement, and any claim, dispute or controversy arising
of the change and to any future balances created after that date. If we give you the right to
from or relating to your Account or this Agreement, whether based in contract, tort, fraud
reject a change (whether because it is required by Applicable Law or otherwise), and you do
or otherwise and regardless of the place where you live, is governed by, and construed in
not notify US by the date stated in a notice, or if you notify US but then use your Account after
accordance with, the laws of the State of Ohio, without regard to Ohio's conflict of laws
the date stated in the notice, you will be deemed to accept all changes in the notice and to
principles, and applicable federal laws and regulations. The legality, enforceability and
accept and confirm all terms of your Agreement and all changes in prior notices we have sent
interpretation of this Agreement and the amounts contracted for under this Agreement also are
you regardless of whether you have access to your Account. If you reject a change that we
governed by Ohio law and applicable provisions of federal law, and all amounts granted under
make, we will close your Account. No change to any term of this Agreement will affect your
this Agreement are extended from the State of Ohio.
obligation to pay all amounts you owe under this Agreement.
35. Entire Agreement. You acknowledge that this Agreement, as amended from
29.
Waiver of Rights. Except as may be prohibited by Applicable Law, you agree to
time to time, and the documents accompanying your Card that apply to your Account,
waive any right you may have for US to act promptly in bringing any action(s) against you
which are incorporated by reference into this Agreement, make up the entire agreement
(known as diligence); to demand payments of amounts due (known as presentment); to
between you and US and supersedes and may not be contradicted by evidence of any prior
obtain an official certification of non-payment (known as protest); and to give notice that
or contemporaneous written or oral communications and understandings between you and
amounts due will not be paid (known as notice of dishonor or notice of default and non-
US concerning the Account and the Card. Neither you nor we intend that anything in this
payment).
Agreement should result in the assessment of fees or charges in excess of those permitted by
Applicable Law. If any fee or charge assessed under this Agreement is finally determined to be
30. Change of Address. We will rely on the address we have for you in our records for
in excess of that permitted by Applicable Law, the excess amount will be applied to reduce the
any Account communications we send to you unless and until either you or the U.S. Postal
outstanding balance in your Account or, if there is no outstanding balance, will be refunded
Service notifies US of a change of address and we have had a reasonable opportunity to act on
to you. You agree that any documentation provided to you that indicates that a Transaction
such notice. If your Account is a joint Account, each of you appoints the other as your agent
was made shall be admissible as evidence of such Transaction and shall be proof that such
to designate the address to which any and all Account communications, including the Account
transaction or transfer was made.
Statement, may be sent to you.
36. Rewards Program Terms and Conditions. If you are enrolled in a Rewards
31. Correspondence. To the extent permitted by Applicable Law, any communication
program, terms of the program can be found at www.monagemyrew.com.
you send to US will not be effective until we receive it and have had a reasonable opportunity
to act on it. Any communication we send to you will, however, be effective and deemed
37. Questions. If you have any questions about this Agreement or your Card,
delivered when mailed to you at your address as it appears on our records.
please contact US at 877-881-6018.
32. Assignment. You may not sell, assign or transfer your Account or Card or any of your
38. Section Headings. The Section headings used in this Agreement are only meant
rights and obligations under this Agreement. We may, however, sell, assign or transfer your
to organize this Agreement, and do not in any way limit or define your or our rights or
Account, or any balance due thereunder, and our rights and obligations under this Agreement
obligations hereunder.
to another entity without your consent and without prior notice. That entity will take our place
in this Agreement.
6
Rev. 08/14
FACTS
WHAT DOES FIFTH THIRD DO WITH YOUR PERSONAL INFORMATION?
WHY?
Financial companies choose how they share your personal information. Federal law gives consumers
the right to limit some, but not all, sharing. Federal law also requires us to tell you how we collect, share,
and protect your personal information. Please read this notice carefully to understand what we do.
WHAT?
The types of personal information we collect and share depend on the product or service you have
with us. This information can include:
Social Security number, name, address, email address, income, and assets
Payment history and account balances
Credit history and creditworthiness
HOW?
All financial companies need to share customers' personal information to run their everyday business.
In the section below, we list the reasons financial companies can share their customers' personal
information; the reasons Fifth Third chooses to share; and whether you can limit this sharing.
REASONS WE CAN SHARE YOUR PERSONAL INFORMATION
DOES FIFTH THIRD SHARE?
CAN YOU LIMIT THIS SHARING?
For our everyday business purposes- such as to
process your transactions, maintain your account(s),
Yes
No
respond to court orders and legal investigations, or
report to credit bureaus
For our marketing purposes- to offer our products
Yes
No
and services to you
For joint marketing with other financial companies
Yes
No
For our affiliates' everyday business purposes-
information about your transactions and experiences
Yes
No
For our affiliates' everyday business purposes-
Yes
information about your creditworthiness
Yes
For our affiliates to market to you
Yes
Yes
For nonaffiliates to market to you
No
N/A
TO LIMIT
Call 877-881-6018-our menu will prompt you through your choice(s); or
OUR
Write to us at Card Center, Privacy Administration, Post Office Box 495933, Cincinnati, OH 45249-5933.
SHARING
Requests must include your name, address, telephone number, and Social Security number (or taxpayer
identification number). Incomplete information will delay or possibly prevent our ability to honor your request.
Please note: If you are a new customer, we can begin sharing your information 30 days from the date
we sent this notice. When you are no longer our customer, we continue to share your information as
described in this notice. However, you can contact us at any time to limit our sharing.
QUESTIONS?
Call 877-881-6018 or go to www.managemycreditcard.com
WHO WE ARE
Who is providing this notice?
Fifth Third Bank and its affiliates (please see next page for List of Affiliates).
WHAT WE DO
How does Fifth Third protect my
To protect your personal information from unauthorized access and use, we
personal information?
use security measures that comply with federal law. These measures include
computer safeguards and secured files and buildings.
How does Fifth Third collect my
We collect your personal information, for example, when you:
personal information?
Open an account or apply for a loan
Pay your bills or make a deposit
Use your credit or debit card
We also collect your personal information from others, such as credit bureaus,
affiliates, or other companies.
7
Why can't | limit all sharing?
Federal law gives you the right to limit only:
sharing for affiliates' everyday business purposes-information about
your creditworthiness
affiliates from using your information to market to you
sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to
limit sharing. See below for more information on state laws.
What happens when I limit
Your choices will apply to everyone on your account.
sharing for an account I hold
jointly with someone else?
DEFINITIONS
Affiliates
Companies related by common ownership or control. They can be
financial and nonfinancial companies.
Our affiliates include companies with a Fifth Third name; financial
companies such as an insurance agency or a leasing company.
Nonaffiliates
Companies not related by common ownership or control. They can be
financial and nonfinancial companies.
Fifth Third does not share information with nonaffiliates SO they can market to you.
Joint marketing
A
formal agreement between nonaffiliated financial companies that together
market financial products or services to you.
Our joint marketing partners include but may not be limited to insurance
companies.
OTHER IMPORTANT INFORMATION
Nevada law requires that we provide you with the following contact information:
Card Center
Bureau of Consumer Protection, Office of the Nevada Attorney General
Privacy Administration
555 East Washington Street, Suite 3900
P.O. Box 495933
Las Vegas, NV 89101
Cincinnati, OH 45249-5933
Phone: (702) 486-3132, Email: BCFINFO@ag.state.nv.us
CA, ND and VT residents: Accounts with mailing addresses in these states will be treated as if they have selected
for us to not share your credit and personal financial information with other Fifth Third companies. For CA and
VT residents, accounts with mailing addresses in these states will be treated as if they have selected for us not
to share information under a joint marketing agreement as defined above.
CUSTOMER IDENTIFICATION PROGRAM
In accordance with the USA PATRIOT Act, Federal law requires all financial institutions to obtain, verify, and record information that identifies
each individual or entity opening an account. This includes all personal and commercial accounts, including loan and deposit accounts, as
well as trust, brokerage, insurance, and investment management accounts.
What This Means To Our Customers
When you open an account, you will be asked for your name, address, Social Security or tax identification number, date of birth (if applicable),
and other information that will allow Fifth Third to identify you. You will also be asked to furnish your driver's license or other identifying
documents. We are required to follow this procedure each time an account is opened, even if you are a current customer of Fifth Third.
LIST OF AFFILIATES
Fifth Third Bank, an Ohio Banking Corporation
Fifth Third Equipment Finance Company
Fifth Third Holdings, LLC
Fifth Third Insurance Agency, Inc.
ClearArc Capital, Inc.
Fifth Third Mortgage-Michigan, LLC
Fifth Third Mortgage Company
Vantiv, Inc. and Vantiv, LLC
Fifth Third Auto Leasing Trust
Fifth Third Securities, Inc. Member FINRA/SIPC
SLK Global/BPO Services Pvt. Ltd.
Vista Settlement Services, LLC
Fifth Third Bank, Member FDIC.
Equal Housing Lender.
Important Information About Credit Reporting
We may report information about your accounts to credit bureaus. Late payments, missed payments, or other defaults on your account may
be reflected in your credit report.
Fifth Third Bank provides access to investments and investment services through various subsidiaries, including Fifth Third Securities. Fifth Third
Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a registered broker-dealer and a registered investment advisor
registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. Securities and
investments offered through Fifth Third Securities, Inc. and insurance products:
Are Not FDIC Insured
Offer No Bank Guarantee
May Lose Value
M-112555
Are Not Insured By Any Federal Government Agency
Are Not A Deposit
Insurance products made available through Fifth Third Insurance Agency, Inc.
08/14
8
Platinum Rewards and Cash Rewards Fees
and Credit Disclosures
Interest Rates and Interest Charges
Annual
0% introductory APR for the first 12 Billing Cycles.
How We Will Calculate Your Balance: We use a method called "average daily balance
Percentage
(including new purchases)."
Rate (APR)
After
that,
your
APR
will
be
12.99%
to
21.99%,
for
based on your credit worthiness. This APR will vary with the market
Loss of Introductory APR: We may end your introductory APR for Purchases and Balance
Purchases:
based on the WSJ Prime Rate.
Transfers and apply the APR in effect or the Penalty APR if you make a late payment.
APR for
0% introductory APR for the first 12 Billing Cycles. After that,
The introductory APR for Purchases and Balance Transfers is 0% for the first 12 billing cycles.
Balance
your APR will be the standard APR for Purchases and will be
Thereafter, Purchases and Balance Transfers will be subject to the APR for Purchases and will be
Transfers:
12.99% to 21.99%, based on your credit worthiness.
12.99% to 21.99%, based on your credit worthiness. The APR for Cash Advances is 24.99%.
This APR will vary with the market based on the WSJ Prime Rate.
The APR for Penalty is 24.99%.
APR for Cash
24.99%
The Daily Periodic Rate for introductory Purchases and Balance Transfers is 0.0000%. The
Advances
Daily Periodic Rate for Purchases and Balance Transfers after the introductory period has ended
Penalty APR
24.99%
will be 0.0356% to 0.0602%, based on your credit worthiness. The Daily Periodic Rate for Cash
and When it
This APR may be applied to your Account if you make a late
Advances is 0.0685%. The Daily Periodic Rate for Penalty is 0.0685%
Applies
payment.
How Long Will the Penalty APR Apply? If your APRs are
The margin added to the WSJ Prime Rate for the APR for Purchases and Balance Transfers
increased because you are late, the Penalty APR will apply until you
will be 9.74% to 18.74%, based on your credit worthiness. Your margins are the portions of
make six consecutive minimum payments when due.
your interest rates added to the Index value (WSJ Prime Rate) used to determine your APRs.
How to
Your due date is at least 26 days after the close of each Billing
Information contained in this Fifth Third Bank Disclosure is accurate as of 9/1/2014 and is
Avoid Paying
Cycle. We will not charge you interest on Purchases if you pay
subject to change thereafter.
Interest on
your entire balance by the due date each month.
Purchases
The WSJ Prime Rate means the prime rate published in the "Money Rates" section of the
online version of The Wall Street Journal. We determine the WSJ Prime Rate two days prior to
Minimum
If you are charged interest, the charge will be no less than $1.00.
the closing date of your Billing Cycle. Changes to the Daily Periodic Rate and corresponding APR
Interest
for Purchases will be applied to your existing Account balance and to subsequent transactions
Charge
effective the first day of the Billing Cycle in which we determine the interest rate. Any increase
or decrease in the WSJ Prime Rate will result in an increase or decrease in your Daily Periodic
Rate and the APR, and as a result, the finance charge and the Minimum Amount Due will change
FEES
and may result in a smaller part of your payment being applied to reduce principal.
Annual Fees
Explanation of Balance Subject to Interest Charges: We figure the interest charge
Annual Fee
$0
on your account by applying the periodic rate to the "average daily balance" of your account.
Transaction Fees
To get the "average daily balance" we take the beginning balance of your account each day,
add any new purchases, and subtract any payments or credits. This gives US the daily balance.
Balance
4% of the amount of each transfer
Then, we add up all the daily balances for the billing cycle and divide the total by the number
Transfer
of days in the billing cycle. This gives US the "average daily balance."
Cash
Either $5 or 4% of the amount of each Cash Advance, whichever
Advance
is greater.
International
3% of each transaction in U.S. dollars.
Transaction
Penalty Fees
Late
Up to $35
Payment
9
Platinum Fees and Credit Disclosures
Interest Rates and Interest Charges
Annual
Percentage
0% introductory APR for the first 12 Billing Cycles.
How We Will Calculate Your Balance: We use a method called "average daily balance
(including new purchases)."
Rate (APR)
After
that,
your
APR
will
be
10.99%
to
21.99%
for
based on your credit worthiness. This APR will vary with the market
Loss of Introductory APR: We may end your introductory APR for Purchases and Balance
Purchases:
based on the WSJ Prime Rate.
Transfers and apply the APR in effect or the Penalty APR if you make a late payment.
APR for
0% introductory APR for the first 12 Billing Cycles. After that,
The introductory APR for Purchases and Balance Transfers is 0% for the first 12 billing cycles.
Balance
your APR will be the standard APR for Purchases and will be
Thereafter, Purchases and Balance Transfers will be subject to the APR for Purchases and will be
Transfers:
10.99% to 21.99%, based on your credit worthiness.
10.99% to 21.99%, based on your credit worthiness. The APR for Cash Advances is 24.99%.
This APR will vary with the market based on the WSJ Prime Rate.
The APR for Penalty is 24.99%.
APR for Cash
24.99%
The Daily Periodic Rate for introductory Purchases and Balance Transfers is 0.0000%. The
Advances
Daily Periodic Rate for Purchases and Balance Transfers after the introductory period has ended
Penalty APR
24.99%
will be 0.0301% to 0.0602%, based on your credit worthiness. The Daily Periodic Rate for Cash
and When it
This APR may be applied to your Account if you make a late
Advances is 0.0685%. The Daily Periodic Rate for Penalty is 0.0685%
Applies
payment.
How Long Will the Penalty APR Apply? If your APRs are
The margin added to the WSJ Prime Rate for the APR for Purchases and Balance Transfers
increased because you are late, the Penalty APR will apply until you
will be 7.74% to 18.74%, based on your credit worthiness. Your margins are the portions of
make six consecutive minimum payments when due.
your interest rates added to the Index value (WSJ Prime Rate) used to determine your APRs.
How to
Your due date is at least 26 days after the close of each Billing
Information contained in this Fifth Third Bank Disclosure is accurate as of 9/1/2014 and is
Avoid Paying
Cycle. We will not charge you interest on Purchases if you pay
subject to change thereafter.
Interest on
your entire balance by the due date each month.
Purchases
The WSJ Prime Rate means the prime rate published in the "Money Rates" section of the
online version of The Wall Street Journal. We determine the WSJ Prime Rate two days prior to
Minimum
If you are charged interest, the charge will be no less than $1.00.
the closing date of your Billing Cycle. Changes to the Daily Periodic Rate and corresponding APR
Interest
for Purchases will be applied to your existing Account balance and to subsequent transactions
Charge
effective the first day of the Billing Cycle in which we determine the interest rate. Any increase
or decrease in the WSJ Prime Rate will result in an increase or decrease in your Daily Periodic
Rate and the APR, and as a result, the finance charge and the Minimum Amount Due will change
FEES
and may result in a smaller part of your payment being applied to reduce principal.
Annual Fees
Explanation of Balance Subject to Interest Charges: We figure the interest charge
Annual Fee
$0
on your account by applying the periodic rate to the "average daily balance" of your account.
To get the "average daily balance" we take the beginning balance of your account each day,
Transaction Fees
add any new purchases, and subtract any payments or credits. This gives US the daily balance.
Balance
4% of the amount of each transfer
Then, we add up all the daily balances for the billing cycle and divide the total by the number
Transfer
of days in the billing cycle. This gives US the "average daily balance.'
Cash
Either $5 or 4% of the amount of each Cash Advance, whichever
Advance
is greater.
International
3% of each transaction in U.S. dollars.
Transaction
Penalty Fees
Late
Up to $35
Payment
10