ESL Visa® Secured Credit Card Information

M-108785 (09/13)

Interest Rates and Interest Charges

Annual Percentage 
Rate (APR) for 
Purchases

APR for 
Balance Transfers

APR for 
Cash Advances

Penalty APR and 
When it Applies

Paying Interest

14.25%
This APR will vary with the market based on the Prime Rate1.

14.25% 
This APR will vary with the market based on the Prime Rate1.

14.25% 
This APR will vary with the market based on the Prime Rate1.

18.0%
This APR may be applied to your account if:
    1.  Your minimum monthly payment is not made for two  
         consecutive billing cycles.

How long will the Penalty APR apply?  
If your APRs are increased for the reason above, the 
Penalty APR will be applied until the billing cycle after your 
past due status is corrected.

Your due date is at least 25 days after the close of each 
billing cycle.  We will not charge you 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.

Minimum Interest 
Charge

For Credit Card Tips 
from the Consumer 
Financial Protection 
Bureau

If you are charged interest, the charge will be no less than 
$.50.

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
•	International  
 Service Assessment

Penalty Fees

•	Late Payment
•	Returned Payment

None

1% of transaction amount

Up to $25.00
Up to $25.00
None

Other Fees
1We add 11.0% to the Prime Rate to determine the Purchase, Balance Transfer and Cash 
Advance Rates.  As of 8/09/13, the Prime Rate was 3.25%. 

See reverse side for additional information.

How we will calculate your balance
     We use a method called “average daily balance (including new purchases).”  
     See your account agreement for more details.

Billing Rights
     Information on your rights to dispute transactions and how to exercise those rights        
     is provided in your account agreement.

Security Interest
     We have or will acquire a security interest in the funds (equal to your credit limit) 
     that you deposited into the ESL Secured Credit Card Savings account, which you 
     opened at the same time as this ESL Visa Secured Credit Card account.