CREDIT CARD ACCOUNT AGREEMENT
P.O. Box 96730
+
UALSTAR
Bellevue, WA 98009
AND FEDERAL DISCLOSURE STATEMENT
CREDIT
1-800-848-0018
THIS IS YOUR CREDIT CARD ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN-LENDING
DISCLOSURE STATEMENTS, SHARE SECURED VISA GOLD, VISA GOLD, VISA REWARDS AND GATEWAY VISA
AGREEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE OF YOUR SHARE SECURED VISA GOLD,
VISA GOLD, VISA REWARDS AND GATEWAY VISA CREDIT CARDS, AND/OR ANY OTHER ACCOUNT ACCESS
DEVICE. PLEASE BE CERTAIN TO READ THIS AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS
ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
For Purchases
Share Secured VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Rewards:
%
This APR will vary with the market based on the Prime Rate.
Gateway VISA:
%
This APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Share Secured VISA Gold:
%
For Balance Transfers
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Rewards:
%
This APR will vary with the market based on the Prime Rate.
Gateway VISA:
%
This APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Share Secured VISA Gold:
%
For Cash Advances
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Rewards:
%
This APR will vary with the market based on the Prime Rate.
Gateway VISA:
%
This APR will vary with the market based on the Prime Rate.
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 25 days of Your statement closing date. We will begin charging interest on cash
advances and balance transfers on the transaction date.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a Credit Card,
the Consumer Financial
visit the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Maintenance Fees
Annual Fee
For VISA Rewards, $25.00
Participation Fee
For Gateway VISA, $60.00 annually ($5.00 per month)
SEE TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2006-2015. All Rights Reserved.
Page of 4
OTBS 016CC FRB_Web QUAL (10/15)
Fees (continued)
Transaction Fees
Foreign Transaction
1.00% of each transaction in U.S. dollars
Cash Advance
2.00% of each advance
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $25.00 after 7 days
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your
Account Agreement for details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in Your Account
Agreement.
SEE PAGE 1 for important information about Your Account
In this Agreement, the reference to "We," "Us," "Our"and"CreditUnion"mean QUALSTAR CREDITUNION.The words "You"and"Your" mean each person accepting this
Agreement. If this is a joint Account, read singular pronouns in the plural. The words "Card" and "Credit Card" mean any Share Secured VISA Gold, VISA Gold, VISA
Rewards or Gateway VISA Credit Card issued to You by Us and any duplicates or renewals. The word "Account" means Share Secured VISA Gold, VISA Gold, VISA
Rewards or Gateway VISA Credit Card Account established for You under this Agreement. "Convenience Checks" mean the special Account access devices that We may
provide for Your use from time to time.
You, as the Borrower, understand that the following Federal Disclosure Statement and the terms and conditions found herein constitute Our Agreement with You. You may
request advances on Your Account through a variety of means which could include (but may not be limited to) telephonic requests, advance request forms, vouchers, checks,
charge slips, Convenience Checks, Credit Cards and the like. Regardless of the means by which any advance is made, You promise to pay Us all amounts charged to Your
Account by You or by any user who has access to Your Account, with actual, apparent or implied authority for use of Your Account, including Finance Charges and other fees or
charges described herein.
Variable Rate
Daily
ANNUAL
Credit Card
Periodic
PERCENTAGE
Index
Margin
Rate
RATE
Share Secured VISA Gold
%
%
VISA Gold
%
%
VISA Rewards
%
%
Gateway VISA
%
%
USE OF YOUR CARD. You may use Your Card to buy goods and services in any
You will keep Your unpaid balance within Your Credit Limit set by Us, and You will
place that it is honored and to get cash advances at participating financial
pay any amount over Your Credit Limit on Our demand whether or not We
institutions. You agree not to use Your Card for illegal transactions including, but
authorize the advances which caused You to exceed Your Credit Limit. Even if
not limited to, advances made for the purpose of gambling and/or wagering where
Your unpaid balance is less than Your Credit Limit, You will have no credit available
such practices are in violation of applicable state and/or federal law.
during any time that any aspect of Your Account is in default.
SECURITY. Collateral (other than non-purchase money household goods or any
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for
dwelling) given as security under this Agreement or for any other loan You may
the repayment of any amounts owed. If any Account access device, such as a
have with Us will secure all amounts You owe Us now and in the future if that status
Personal Identification Number (PIN) is requested and approved, You understand
is reflected in the "Truth-in-Lending Disclosure" in any particular Agreement
that any such Account access device(s) will be mailed only to the primary Borrower
evidencing such debt.
at the address that We have on file for You. We may refuse to follow any
instructions which run counter to this provision.
CONSENSUAL LIEN ON SHARES. If You have been issued a Credit Card,
You grant and consent to a lien on Your shares with Us (except for IRA and
MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You need
Keogh accounts) and any dividends due or to become due to You from Us
only pay the Minimum Monthly Payments, You understand that You have the right
to the extent You owe on any unpaid Credit Card balance.
to repay at any time without penalty. You also understand that You will only be
charged periodic Finance Charges to the date You repay Your entire balance. You
ACCOUNT RESTRICTIONS. In order to receive and maintain a Share Secured
may make larger payments without penalty. Any partial payment or prepayment will
VISA Gold Account, You agree to give Us a specific pledge of shares which will
not delay Your next scheduled payment. All payments to Us must be in lawful
equal Your credit limit. In the event that You default on Your Share Secured
money of the United States. Except as required by law, the order in which We may
VISA Gold Account, We may apply these shares toward the repayment of any
apply VISA payments is at Our discretion.
amount owed on such Account. You may cancel Your Share Secured VISA Gold
Account at any time by paying any amounts owed on such Account. To be
Any unpaid portion of the Finance Charge will be paid by subsequent payments
certain that Your entire balance and all advances are paid, any shares pledged
and will not be added to Your principal balance. You understand that any delay in
may not be available to You for 30 days after You have cancelled and any
the repayment of Your unpaid balance will increase Your periodic Finance Charges
outstanding balance is paid in full.
and any acceleration in the repayment of Your unpaid balance will decrease Your
periodic Finance Charges.
LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for
which You are approved. Unless You are in default, any Credit Limits established
Share Secured VISA Gold, VISA Gold and VISA Rewards Minimum Payments will
for You will generally be self-replenishing as You make payments.
be an amount equal to 2.00% of Your new unpaid Share Secured VISA Gold, VISA
Copyright Oak Tree Business Systems, Inc., 2006-2015. All Rights Reserved.
Page 2 of 4
OTBS 016CC FRB_Web QUAL (10/15)
Gold or VISA Rewards balance at the end of each billing cycle, subject to the
Secured VISA Gold, VISA Gold or VISA Rewards Account, subject to this
lesser of $25.00 or Your balance, plus any portion of the Minimum Payments
provision, to clear any overdraft on Your share draft account. Whether or not
shown on prior statement(s) which remains unpaid, plus any amount that exceeds
such transfers occur will be controlled by this Agreement. In any event, You hold
Your approved Credit Limit.
Us harmless for any and all liability which might otherwise arise if the transfer
does not occur. Overdraft Protection automatically ceases if this Agreement is
Gateway VISA Minimum Payments will be an amount equal to 2.00% of Your new
ever cancelled or terminated or Your Account is in default.
unpaid Gateway VISA balance at the end of each billing cycle, subject to the lesser
of $50.00 or Your balance, plus any portion of the Minimum Payments shown on
PERIODIC STATEMENTS. On a regular basis, You will receive a statement
prior statement(s) which remains unpaid, plus any amount that exceeds Your
showing all transactions on Your Account including amounts paid and borrowed
approved Credit Limit.
since Your last statement. We will mail You a statement each month in which there
is a debit or credit balance or when a Finance Charge is imposed. We need not
You may, by separate agreement, authorize Us to charge Your payment directly to
send You a statement if We feel Your Account is uncollectible or if We have started
Your share or share draft account.
collection proceedings against You because You defaulted. EACH
STATEMENT IS DEEMED TO BE A CORRECT STATEMENT OF ACCOUNT
LATE CHARGE. If Your payment is more than seven days late, You will be
UNLESS YOU ESTABLISH A BILLING ERROR PURSUANT TO THE FEDERAL
charged the lesser of: (a) the amount of the minimum payment due; or (b) $25.00.
TRUTH-IN-LENDING ACT.
VISA REWARDS ANNUAL FEE. Beginning with the second year your Account is
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under
open, and each year thereafter, VISA Rewards Accountholders will be charged a
no obligation to honor Your Convenience Checks if: (1) by paying a Convenience
$25.00 Annual Fee for continued participation in the VISA Rewards program. This fee
Check, You would exceed Your Credit Limit; (2) Your Cards or Convenience
is required each year to continue credit availability whether or not You use Your
Checks have been reported lost or stolen; (3) Your Account has been cancelled or
Account throughout the year. Such fee will be waived each year during which net
has expired. If a postdated Convenience Check is paid and, as a result, any other
purchases equal or exceed $5,000.00 for the calendar year that immediately precedes
Convenience Check is returned unpaid, We are not responsible for any resulting
January 1st of each year. After the first year, You will be provided with cancellation
loss or liability.
instructions with the statement that precedes the statement on which the Annual Fee
appears. Such fee will be identified on the statements that You receive.
DEFAULT. You will be in default if: (a) You do not make any payment or perform
any obligation under this Agreement, or any other agreement that You may have
GATEWAY VISA PARTICIPATION FEE. Beginning with the first year, Gateway
with Us; or (b) You should die, become involved in any insolvency, receivership or
VISA Accountholders will be charged a $60.00 annual participation fee (billed at the
custodial proceeding brought by or against You; or (c) You have made a false or
rate of $5.00 per month). Such fee will be waived each month in which Your month-
misleading statement in Your credit application and/or in Your representations to
end balance is $4.99 or less.
Us while You owe money on Your Account; or (d) A judgment or tax lien should be
filed against You or any attachment or garnishment should be issued against any
of
OTHER FEES AND CHARGES. You will be charged the following fees associated
Your property or rights, specifically including anyone starting an action
or
with Your Account: (a) the lesser of $25.00 or the required minimum payment
proceeding to seize any of Your funds on deposit with Us; and/or (e) We should, in
amount for the returned payment for any check (or other negotiable instrument
good faith, believe Your ability to repay Your indebtedness hereunder is or soon will
used for payment) which is returned unpaid; (b) $1.00 for each statement copy You
be impaired, time being of the very essence.
request; (c) a cash advance fee FINANCE CHARGE equal to 2.00% of each
advance; (d) $5.00 for each replacement Card You request; (e) $20.00 per hour
Upon any occurrence of default, We may, to the extent permitted by law, cancel
each time You request that We research Your Account; and (f) $5.00 for each
Your rights under this Agreement, require the return of all access devices and
sales draft copy You request.
declare the entire balance of Your Account immediately due and payable, without
prior notice or demand.
FINANCE CHARGES. In the case of any transactions under Your Account, the
balances subject to the periodic Finance Charge are the average daily transactions
COLLECTION COSTS. In the event collection efforts are required to obtain
balances outstanding during the month (including new transactions). To get the
payment on this or any other account, You agree to pay all costs of collection,
average daily balance, We take the beginning balance each day, add any new
including but not limited to, court costs, private process server fees, investigation
purchases, balance transfers, cash advances, insurance premiums, debit
fees, reasonable attorneys' fees incurred in the course of collecting any amounts
adjustments or other charges and subtract any payments, credits and unpaid
owed under this Agreement or in the recovery of any collateral, or other costs
Finance Charges. This gives Us the daily balance. Then, We add up all the daily
incurred by Us.
balances for the billing cycle and divide them by the number of days in the billing
cycle. The Finance Charge for a billing cycle is computed by multiplying the
In the event of Your default, You agree and understand that the Credit Union may
average daily balance subject to a Finance Charge by the Daily Periodic Rate times
retain the services of a collection agency and pay such agency a fee calculated on
the number of days in the billing cycle.
a percentage or other pre-arranged basis, in an amount not in excess of
% of the unpaid debt after default, and You agree that the amount of
You can avoid Finance Charges on purchases by paying the full amount of the
such fee will be Our actual cost of collection, exclusive of any court costs and You
entire balance owed each month within 25 days of Your statement closing date.
agree to pay these amounts.
Otherwise, the new balance of purchases, and subsequent purchases from the
date they are posted to Your Account, will be subject to a Finance Charge. Cash
ENFORCEMENT. We do not lose Our rights under this or any related agreement if
advances and balance transfers are always subject to a Finance Charge from the
We delay enforcing them. We can accept late payments, partial payments or any
later of the date they are posted to Your Account or from the first day of the billing
other payments, even if they are marked "paid in full" without losing any of Our rights
cycle in which the transaction is posted to Your Account.
under this Agreement. If any provision of this or any related agreement is determined
to be unenforceable or invalid, all other provisions remain in full force and effect.
GATEWAY VISA VARIABLE RATE. Your Account is subject to a Variable Rate
which is based on the highest Prime Rate as published in the Money Rates Section
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You move
of The Wall Street Journal in effect on the 15th day of the month immediately
or otherwise have a change of address.
preceding each change date ("Index") plus Our Margin. The Index plus the Margin
equals the Interest Rate. Changes in the Index will cause changes in the Interest
CHANGE IN TERMS. We may change the terms of this Agreement by mailing or
Rate on January 1st, April 1st, July 1st, and October 1st of each year. Increases or
delivering to You written notice of the changes as prescribed by the Federal
decreases in the Interest Rate will result in like increases or decreases in the
Truth-In-Lending Act. To the extent permitted by law, the right to change the terms
Finance Charge and may affect the number of Your scheduled payments. Your
of this Agreement includes, but is not limited to, the right to change the periodic
Interest Rate will never be greater than
% and will apply to the
rate applicable to Your unpaid balance and/or future advances.
remaining principal balance.
DEBT CANCELLATION COVERAGE. Debt cancellation coverage is not required
VARIABLE RATE (EXCEPT GATEWAY VISA). Your Account is subject to a
for any extension of credit under this Agreement. However, You may purchase any
Variable Rate which is based on the highest Prime Rate as published in the Money
debt cancellation coverage available through Us and have the costs added to Your
Rates Section of The Wall Street Journal in effect on the 15th day of the month
outstanding balance. If You elect to do so, You will be given the necessary
immediately preceding each change date ("Index") plus Our Margin. The Index plus
disclosures and documents separately.
the Margin equals the Interest Rate. Changes in the Index will cause changes in
the Interest Rate on January 19th, April 18th, July 19th, and October 19th of each
INTEGRATED DOCUMENTS. Any separate sheet of paper labeled "Additional
year. Increases or decreases in the Interest Rate will result in like increases or
Disclosure - Federal Truth-In-Lending Act," which is delivered together with this
decreases in the Finance Charge and may affect the number of Your scheduled
Agreement or at a later date becomes an integrated part of this Agreement
payments. Your Interest Rate will never be greater than
% and will
and Disclosure.
apply to the remaining principal balance.
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this
OVERDRAFT PROTECTION (EXCEPT GATEWAY VISA). We may transfer
Agreement. By signing the application; or by using Your Account or any Account
funds in the amount necessary (or in such increments as We may from time to
access device; or by authorizing another to use Your Account, You agree to and
time determine) to Your share draft account by an advance on Your Share
accept its terms.
Copyright Oak Tree Business Systems, Inc., 2006-2015. All Rights Reserved.
Page 3 of 4
OTBS 016CC (10/15)
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts to
What To Do If You Find A Mistake On Your Statement
update information contained in Your original Account application or other financial
information related to You, at Our request. You also agree that We may, from time to
If You think there is an error on Your statement, write to Us at Our address shown
time, as We deem necessary, make inquiries pertaining to Your employment, credit
in this Agreement. In Your letter, give us the following information:
standing and financial responsibility in accordance with applicable laws and
regulations. You further agree that We may give information about the status and
Account information: Your name and Account number.
payment history of Your Account to consumer credit reporting agencies, a prospective
Dollar amount: The dollar amount of the suspected error.
employer or insurer, or a state or federal licensing agency having any apparent
Description of problem: If You think there is an error on Your bill, describe
legitimate business need for such information.
what You believe is wrong and why You believe it is a mistake.
TERMINATION. Either You or We may cancel Your Account, at any time, whether
You must contact Us:
or not You are in default. You will, in any case, remain liable to pay any unpaid
balances according to the terms of Your Account.
Within 60 days after the error appeared on Your statement.
At least three business days before an automated payment is scheduled, if
OWNERSHIP. Your Card remains Our property and may be cancelled by Us at any
You want to stop payment on the amount You think is wrong.
time without notice. You agree to surrender Your Card and to discontinue its use
immediately upon Our request.
You must notify Us of any potential errors in writing. You may call Us, but if You do
We are not required to investigate any potential errors and You may have to pay
ISSUANCE OF A PERSONAL IDENTIFICATION NUMBER. We will issue,
the amount in question.
upon Your request, a Personal Identification Number (PIN) for use with
participating Automated Teller Machines (ATMs). This PIN is confidential and
What Will Happen After We Receive Your Letter
should not be disclosed to anyone. You may use Your PIN to access Your
Account and all sums advanced will be added to Your Account balance. In the
When We receive Your letter, We must do two things:
event a use of Your PIN constitutes an Electronic Fund Transfer, the terms
and conditions of Your Electronic Fund Transfer Agreement may also affect
1)
Within 30 days of receiving Your letter, We must tell You that We received
Your rights.
Your letter. We will also tell You if We have already corrected the error.
2)
Within 90 days of receiving Your letter, We must either correct the error or
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or other
explain to You why We believe the bill is correct.
slips You may sign or receive when using Your Card contain terms, this Agreement
is the contract which solely applies to all transactions involving the Card.
While We investigate whether or not there has been an error:
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your
We cannot try to collect the amount in question, or report You as delinquent
Card. You will not be liable for the unauthorized use that occurs after You
on that amount.
notify Us of the loss, theft, or possible unauthorized use by calling Us at
The charge in question may remain on Your statement, and We may continue
the telephone number shown in this Agreement during normal business hours,
to charge You interest on that amount.
or (800) 682-6075 after hours, on weekends and on holidays, or by writing to Us
While You do not have to pay the amount in question, You are responsible for
at the address shown in this Agreement. In any case, Your liability will not
the remainder of Your balance.
exceed $50.00.
We can apply any unpaid amount against Your Credit Limit.
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable
After We finish Our investigation, one of two things will happen:
for the refusal or inability of merchants, financial institutions and others to
accept the Cards or Convenience Checks, or electronic terminals to honor the
If We made a mistake: You will not have to pay the amount in question or any
Cards or complete a Card withdrawal, or for their retention of the Cards or
interest or other fees related to that amount.
Convenience Checks.
If We do not believe there was a mistake: You will have to pay the amount in
question, along with applicable interest and fees. We will send You a
FOREIGN TRANSACTIONS. For transactions initiated in foreign countries and
statement of the amount You owe and the date payment is due. We may then
foreign currencies, the exchange rate between the transaction currency and the
report You as delinquent if You do not pay the amount We think You owe.
billing currency (U.S. dollars) will be: (a) a rate selected by VISA from the range
of rates available in wholesale currency markets for the applicable central
If You receive Our explanation but still believe Your bill is wrong, You must write to
processing date, which rate may vary from the rate VISA itself receives; or (b)
Us within 10 days telling Us that You still refuse to pay. If You do so, We cannot
the government-mandated rate in effect for the applicable central processing
report You as delinquent without also reporting that You are questioning Your bill.
date. In each instance, You will be charged a fee in an amount equal to 1.00% of
We must tell You the name of anyone to whom we reported You as delinquent, and
the settlement amount.
We must let those organizations know when the matter has been settled between
Us. If We do not follow all of the rules above, You do not have to pay the first
TRANSACTION SLIPS. Your monthly statement will identify that merchant,
$50.00 of the amount You question even if Your bill is correct.
electronic terminal or financial institution at which transactions were made, but
sales, cash advances, credit or other slips cannot be returned with the statement.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit
If You are dissatisfied with the goods or services that You have purchased with
Cards or Convenience Checks, You will immediately call Us at the telephone
Your Credit Card, and You have tried in good faith to correct the problem with the
number shown in this Agreement during normal business hours, or (800) 682-
merchant, You may have the right not to pay the remaining amount due on the
6075 after hours, on weekends and on holidays or write to Us at the address
purchase. To use this right, all of the following must be true:
shown in this Agreement.
1)
The purchase must have been made in Your home state or within 100 miles
CREDITS. If a merchant who honors Your Card gives You credit for returns or
of Your current mailing address, and the purchase price must have been
adjustments, they will do so by sending Us a slip which will be posted to Your
more than $50.00. (Note: Neither of these are necessary if Your purchase
Account. If Your credits and payments exceed what You owe Us, We will hold and
was based on an advertisement We mailed to You, or if We own the company
apply this credit against future purchases and cash advances, or if it is $1.00 or
that sold You the goods or services.)
more refund it on Your written request or automatically deposit it to Your share
2)
You must have used Your Credit Card for the purchase. Purchases made with
account after 30 days.
cash advances from an ATM or with a check that accesses Your Credit Card
account do not qualify.
GOVERNING LAW. This Agreement is controlled and governed by the laws of the
3)
You must not yet have fully paid for the purchase.
State of Washington except to the extent that such laws are inconsistent with
controlling federal law.
If all of the criteria above are met and You are still dissatisfied with the purchase,
contact Us in writing at Our address shown in this Agreement.
Your Billing Rights: Keep this Document for Future Use
While We investigate, the same rules apply to the disputed amount as discussed
This notice tells You about Your rights and Our responsibilities under the Fair
above. After We finish Our investigation, We will tell You Our decision. At that point, if
Credit Billing Act.
We think You owe an amount and You do not pay, We may report You as delinquent.
Copyright Oak Tree Business Systems, Inc., 2006-2015. All Rights Reserved.
Page 4 of 4
OTBS 016CC FRB_Web (10/15)
P.O. Box 96730
PRICING INFORMATION ADDENDUM -
+
UALSTAR
Bellevue, WA 98009
UNION
1-800-848-0018
CREDIT CARD ACCOUNT AGREEMENT
AND FEDERAL DISCLOSURE STATEMENT
THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR SHARE SECURED VISA GOLD,
VISA GOLD, VISA REWARDS AND GATEWAY VISA CREDIT CARD AGREEMENT AND DISCLOSURE. PLEASE BE
SURE TO READ THIS ADDENDUM CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
Share Secured VISA Gold:
13.99%
For Purchases
This APR will vary with the market based on the Prime Rate.
VISA Gold:
8.99% - 14.99% depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
VISA Rewards:
9.99% - 15.99%
depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
Gateway VISA:
26.99% - 27.99%
depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Share Secured VISA Gold: 13.99%
For Balance Transfers
This APR will vary with the market based on the Prime Rate.
VISA Gold: 8.99% - 14.99% depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
VISA Rewards: 9.99% - 15.99% depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
Gateway VISA: 26.99% - 27.99% depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
Annual Percentage Rate (APR)
Share Secured VISA Gold: 13.99%
For Cash Advances
This APR will vary with the market based on the Prime Rate.
VISA Gold: 8.99% - 14.99% depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
VISA Rewards: 9.99% - 15.99% depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
Gateway VISA: 26.99% - 27.99% depending on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 25 days of Your statement closing date. We will begin charging interest on cash
advances and balance transfers on the transaction date.
Fees
Maintenance Fees
Annual Fee
For VISA Rewards, $25.00
Participation Fee
For Gateway VISA, $60.00 annually ($5.00 per month)
SEE TOP OF PAGE 2 for more important pricing information
Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved.
Page 1 of 2
OTBS 016CCA FRB_Web QUAL (10/15)
Fees (continued)
Transaction Fees
Foreign Transaction
1.00% of each transaction in U.S. dollars
Cash Advance
2.00% of each advance
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $25.00 after 7 days
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your
Account Agreement for details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in Your Account
Agreement.
SEE PAGE 1 for important information about Your Account
FINANCE CHARGES. In the case of any transactions under Your Account, the balances subject to the periodic Finance Charge are the average daily transactions
balances outstanding during the month (including new transactions). To get the average daily balance, We take the beginning balance each day, add any new purchases,
balance transfers, cash advances, insurance premiums, debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives
Us the daily balance. Then, We add up all the daily balances for the billing cycle and divide them by the number of days in the billing cycle. The Finance Charge for a billing
cycle is computed by multiplying the average daily balance subject to a Finance Charge by the Daily Periodic Rate times the number of days in the billing cycle.
You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month within 25 days of Your statement closing date. Otherwise,
the new balance of purchases, and subsequent purchases from the date they are posted to Your Account, will be subject to a Finance Charge. Cash advances and
balance transfers are always subject to a Finance Charge from the later of the date they are posted to Your Account or from the first day of the billing cycle in which the
transaction is posted to Your Account.
Your Share Secured VISA Gold is subject to a current variable Daily Periodic Rate of 0.038329% (corresponding to an ANNUAL PERCENTAGE RATE of 13.99%).
Your VISA Gold is subject to a current variable Daily Periodic Rate of 0.024630% - 0.041068% (corresponding to an ANNUAL PERCENTAGE RATE of 8.99% - 14.99%),
depending on Your creditworthiness.
Your VISA Rewards is subject to a current variable Daily Periodic Rate of 0.027370% - 0.043808% (corresponding to an ANNUAL PERCENTAGE RATE of 9.99% -
15.99%), depending on Your creditworthiness.
Your Gateway VISA is subject to a current variable Daily Periodic Rate of 0.073945% - 0.076685% (corresponding to an ANNUAL PERCENTAGE RATE of 26.99% -
27.99%), depending on Your creditworthiness.
VARIABLE RATE (EXCEPT GATEWAY VISA). Your Account is subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates
Section of The Wall Street Journal in effect on the 15th day of the month immediately preceding each change date ("Index") plus Our Margin. The Index plus the Margin
equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on January 19th, April 18th, July 19th, and October 19th of each year. Increases or
decreases in the Interest Rate will result in like increases or decreases in the Finance Charge and may affect the number of Your scheduled payments.
For Share Secured VISA Gold, Your Interest Rate will never be greater than 19.99% and will apply to the remaining principal balance. For VISA Gold, Your Interest Rate
will never be greater than 14.99% - 20.99% (depending on Your creditworthiness) and will apply to the remaining principal balance. For VISA Rewards, Your Interest Rate
will never be greater than 15.99% - 21.99% (depending on Your creditworthiness) and will apply to the remaining principal balance.
For Share Secured VISA Gold, the Margin will be 10.74%. For VISA Gold, the Margin will be 5.74% - 11.74%, depending on Your creditworthiness. For VISA Rewards, the
Margin will be 6.74% - 12.74%, depending on Your creditworthiness.
GATEWAY VISA VARIABLE RATE. Your Account is subject to a Variable Rate which is based on the highest Prime Rate as published in the Money Rates Section
of The Wall Street Journal in effect on the 15th day of the month immediately preceding each change date ("Index") plus Our Margin. The Index plus the Marg in
equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on January 1st, April 1st, July 1st, and October 1st of each year. Increases or
decreases in the Interest Rate will result in like increases or decreases in the Finance Charge and may affect the number of Your scheduled payments.
Your Interest Rate will never be greater than 34.99% - 35.99% (depending on Your creditworthiness) and will apply to the remaining principal balance.
Your Margin will be 23.74% - 24.74%, determined by Your creditworhiness.
Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved.
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