Visa Credit Cards
Visa Platinum Card Terms and Conditions
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IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver's license or other identifying documents.
Applications will be subject to income verification.
Disclosure of Credit Card Terms
|
Interest Rates and Interest Charges |
| Annual Percentage Rate (APR) for Purchases |
9.99% Fixed
|
| APR for Balance Transfers |
9.99% Fixed |
| APR for Cash Advances |
11.25% Fixed |
| Penalty APR and When it Applies |
16.99% Fixed
This APR is a fixed rate and may be applied to your account if you fail to make a required minimum payment within 60 days after the due date for that payment.
How long will the Penalty APR apply? If your APRs are increased for this reason, the Penalty APR will apply until you make six consecutive minimum payments by the due date. |
| How to Avoid Paying Interest on Purchases |
Charges are due and payable upon receipt of the periodic billing statement and must be paid no later than the payment due date shown on your billing statement. Your due date will be a minimum of 25 days
after the close of each billing cycle. We will not charge you any interest on purchases and balance transfers if you pay your entire New Balance by the due date each month. We will begin charging
you interest on cash advances on the posting date. |
| Minimum Interest Charge |
None. |
| Collateral Security |
If you receive a secured VISA card, your account will be secured by the pledge of a deposit account with the Bank having a balance equal at all times to your line of credit. |
| For Credit Card Tips from the Federal Reserve Board |
To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard. |
| Fees |
|
Annual Fee
|
Visa Classic, Gold or Platinum: None
Visa Classic, Gold or Platinum Scorecard: $15
Visa Classic, Gold or Platinum Secured: None |
|
Transaction Fees
- Balance Transfer
- Cash Advance Fee
- Foreign Transaction
|
None
2% of the amount of each cash advance, ($2 min. to $10 max.).
1% of the U.S. dollar amount of the transaction converted
from a foreign currency and 0.80% for foreign transactions where
a currency conversion is not performed. |
|
Penalty Fees
- Late Payment
- Returned Check
- Returned Payment
|
$20
$25
$25
|
|
Other Fees
- Copy Charge
- Replacement Card
- Stop Payment
|
$3 per copy
$5
$15
|
|
This information is accurate as of July 16, 2010 and is subject to change after this date. For current information, please contact American Bank Customer Service by calling us at 1.888.366.6622 or by writing us at 4029 W. Tilghman St., Allentown, PA 18104 for any changes.
How We Will Calculate Your Balance: We use a method
called average daily balance (including new
purchases)
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Personal Cardholder Agreement.
Important Terms and Applicant Agreement: By signing below, you understand and agree that American Bank ("we," "us" or "our"), as the creditor and issuer of your Account, will rely on the information provided here in making this credit decision, and you certify that such information is accurate and complete to the best of your knowledge. You must have a valid permanent home address within the 50 United States or the District of Columbia. If we open an account based on this application, you will be individually liable (or, for joint accounts, individually and jointly liable) for all authorized charges and for all fees referred to in the most recent Personal Cardholder Agreement, which may be amended from time to time. We may request consumer credit reports about you for evaluating this application and in the future for reviewing Account credit limits, for Account renewal, for servicing and collection purposes, and for other legitimate purposes associated with your Account. Upon your request, we will inform you if a consumer report was requested and, if it was, provide you with the name and address of the consumer reporting agency that furnished the report. By providing a telephone number for a cellular phone or other wireless device, you are expressly consenting to receiving communications at that number, including, but not limited to, prerecorded or artificial voice message calls, text messages, and calls made by an automatic dialing system from us and our agents. This express consent applies to each such telephone number that you provide to us now or in the future and permits such calls regardless of their purpose. These calls and messages may incur access fees from your cellular provider. By signing below, you also agree that we may verify your employment, income, address and all other information provided with other creditors, credit reporting agencies, employers, third parties, and through records maintained by federal and state agencies (including any state motor vehicle department)and waive any rights of confidentiality you may have in that information under applicable law. You certify that you have read and understood the disclosures here and you agree to the terms of this application. You agree to be bound by the terms and conditions of the Personal Cardholder Agreement and Disclosure Statement which, if your application is approved, will be sent to you.
7.10
BLC00001 - BLC00011
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