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(1) The Annual Percentage Rate (APR) is fixed and subject to credit qualifications.
(2) Late Charge: All payments received (10) ten days or more after the due date are considered late payments, and your account will be charged a late charge of $20.00. .
(3) A finance charge will be imposed on Credit Purchases only if you elect not to pay the entire new balance shown on your monthly statement for the previous billing cycle within 25 days form the closing date on that statement. If you elect not to pay the entire balance shown on your previous monthly statement within that 25 day period, a finance charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on the new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire new balance is paid in full or until the date of payment if more than 25 days from the closing date. The finance charge for a billing cycle is computed by applying the monthly periodic rate to the average daily balance of Credit Purchases, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Each daily balance of Credit Purchases posted to your account, and subtracting any payments as received or credits as posed to your account, but excluding any unpaid finance charges.
Cash advances incur a finance charge from the date they are posted to the account., and will continue to accrue until the date of payment.
Security Interest provision for credit card agreement and disclosure: You grant Issuer a security interest in all shares and deposits in all you individual and joint accounts with Issuer now and in the future.
You agree that if you are in default of your obligations under this agreement, Issuer may apply your shares and deposits to the amount that you owe. Shares and deposits in an Individual Retirement Account and any other accounts that would lose special tax treatment under state and federal if given as security are not subject to the security interest you give in your shares and deposits.
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