|Interest Rates and Interest Charges|
|Annual Percentage Rate (APR) for Purchases||##|
This APR will vary with the market based on the Prime Rate.*
|APR for Balance Transfers||##|
This APR will vary with the market based on the Prime Rate.*
|APR for Cash Advances||##|
This APR will vary with the market based on the Prime Rate.*
|How to Avoid Paying Interest on Purchases||Your due date is at least 25 days after the close of each billing cycle. We will not charge you any 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. You cannot avoid paying interest on cash advances or balance transfers.|
|Minimum Interest Charge||If you are charged interest, the charge will be no less than $1.00|
|For Credit Card Tips from the Consumer Financial Protection Bureau||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|
|Annual Fee||$35, waived for the first year†|
|• Cash Advance||Either $5 or 3% of the amount of each transaction, whichever is greater.|
|• Balance Transfer||Either $5 or 3% of the amount of each transaction, whichever is greater.|
|• Foreign Transaction||3% of each transaction in U.S. dollars.|
|• Late Payment||Up to $35|
|• Returned Payment||Up to $35|
*How We Calculate Variable Rates: Your APR may increase or decrease when the Prime Rate changes. We calculate variable rates by adding a margin of 18.00% to the Prime Rate published in The Wall Street Journal on the 10th day of each month. If The Wall Street Journal is not published on that day, we will use the Prime Rate from the previous day it was published. If the Prime Rate changes, your new rate may take effect on your next billing period. Any increase in the Prime Rate may increase your Interest Charges and Minimum Payment. The APR will not exceed 34.99%. Variable rates are accurate as of 03/30/2018.
Other Important Information:
Notice to Young Applicants: Federal law restricts our ability to provide credit cards to persons under age 21. To obtain an Account or credit limit increase, Applicants under age 21 must: (1) include the signature of a guarantor or joint applicant who has attained the age of 21 and has the means to repay the debts incurred; or (2) include financial information indicating that the underage applicant has the ability to repay the debts incurred.
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 for your name, physical address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Communicating with You; Consent to Contact by Electronic and Other Means. You authorize us to contact you for any lawful purpose, including for the collection of amounts owed to us and for the offering of products or services in compliance with our Privacy Notice in effect from time to time. No such contact will be deemed unsolicited. You authorize us to (i) contact you at any address or telephone number (including any wireless or cellular telephone, VoIP or ported landline telephone number) that you may provide to us, or we otherwise obtain by lawful means, from time to time; (ii) use any means of communication, including, but not limited to, postal mail, electronic mail, telephone or other technology, to reach you; (iii) use automatic dialing and announcing devices which may play recorded messages; and (iv) send text messages to your telephone, including any wireless or cellular telephone. Your consent under this paragraph constitutes a material part of our contract with you. You may revoke your consent under this paragraph by notifying us in writing at the address listed on your statement for correspondence.
Call Monitoring and Recording. You agree that we may monitor and record all phone calls. These calls, between you and our representatives, may be evaluated by supervisors and other bank representatives.
Credit Review and Reporting: You authorize us to obtain consumer reports on you from consumer reporting agencies for any lawful purpose, including any update, extension of credit, review, or collection of your account. We can do this from time to time while your account is open and after it is closed (if you owe us any money). If you request, you will be informed whether any consumer report was requested and if a report was requested, the name and address of the consumer reporting agency furnishing the report.
Notice of Information Reporting: We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.
Ohio Residents: Ohio anti-discrimination laws require creditors to make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on individuals upon request. The Ohio Civil Rights Commission administers these laws.
Oregon Residents: Service charges not exceeding those permitted by law will be charged on the outstanding balances from month to month. You may pay more than the minimum amount due, up to the entire outstanding balance, at any time.
Rhode Island and Vermont Residents: A consumer credit report may be ordered in connection with this application, or subsequently for purposes of review or collection of the account, increasing the credit line on the account, or other legitimate purposes associated with the account. If you are a Vermont resident, you consent to the obtaining of such reports by signing or otherwise submitting a credit application.
Wisconsin Residents: No provision of any marital property agreement, unilateral statement under section 766.59 of the Wisconsin statutes, or court order under section 766.70 applying to marital property will adversely affect a creditor's interests unless, prior to the time credit is granted, the creditor is furnished with a copy of the agreement, statement or court order, or has actual knowledge of the provision. If the credit card for which you are applying is granted, you will notify the bank if you have spouse who needs to receive notification that credit has been extended to you.
Delaware Residents: Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month.In addition to the Conditions noted above, by signing and/or submitting the secured card application, you agree that:
You accept this offer from Axiom Bank, N.A. (the "Bank") for a Secured Card Account with the understanding that the amount deposited by you (subject to any minimum required by Bank) in a new Secured Card Collateral Account ("Collateral Account") will be used as collateral to secure the obligations to the Bank that you incur from time to time in connection with your Secured Card Account. You agree to be bound by the terms and conditions of the Security Agreement.
The Collateral Account opened is subject to the terms of the Credit Card Agreement and the Security Agreement. The Collateral Account has the following terms to which you agree. The Bank will open the Collateral Account in your name on its system of record. THE COLLATERAL ACCOUNT DOES NOT EARN INTEREST. The minimum balance shall be determined by the Bank in accordance with the Credit Card Agreement and Security Agreement. You may not make electronic transfers to or from the Collateral Account. You may not make deposits or withdrawals to or from the account unless authorized by the Bank. The Bank does not send statements for the Collateral Account. The Collateral Account is not payable at a specific date or after a specified period of time. The Bank may require that you provide written notice of your request to close the Collateral Account, subject to the Bank's rights under the Security Agreement. The Bank may change these terms at any time by adding new terms or deleting or amending current terms.
Your signature or other authentication specified by the Bank will serve as verification for any transaction connected with the Collateral Account.
You agree to these terms by either using your Secured Card Account or by not closing your Secured Card Account within three days of receipt of your Credit Card Agreement.
Security Agreement (Secured Card Collateral Account) DisclosureFOR FULLY AND PARTIALLY SECURED CREDIT CARDS
This is the "Security Agreement" referred to on the Application. "Bank" means Axiom Bank, N.A. "You," "your" and "yours" refer to each person signing and/or submitting the Application, with each of you being referred to as a "Cardholder". You are furnishing and granting the Bank a security interest in the Secured Card Collateral Account at Axiom Bank, N.A. "Collateral Account" means the account opened pursuant to the Application, as well as additions to, substitutions or renewals of that Collateral Account, which you have, by signing and/or submitting the Application, granted to the Bank to secure the Debt (as defined below). "Secured Card Account" means the secured credit card account to be established by the Bank upon receipt of the Application Form. "Debt" means all obligations to the Bank, including any continuing guaranty arising from the Secured Card Account, as well as each extension, refinance or renewal of such obligations, and any expenses that the Bank incurs in enforcing your obligations under this Agreement, including fees for independent and/or in-house counsel, where allowed by law. No portion of the Collateral Account will be available to you or may be used to secure other loans.
Bank's Rights over Collateral Account. The Bank may make settlements or compromises on the Collateral Account; transfer the Collateral Account to the Bank's own name; or exercise ownership rights on the Collateral Account. You waive any right to require the Bank to: (a) proceed against any Cardholder or any other person; (b) proceed against or exhaust any security held under this Security Agreement; or (c) pursue any other remedy in the Bank's power. The Bank may, without prior notice, and from time to time: (a) renew, compromise, extend, accelerate or otherwise change the terms relating to the Debt; (b) take and hold security (other than the Collateral Account) for payment of the Debt and enforce, exchange and release the security in any manner that the Bank determines is proper; (c) release or substitute any Cardholder, guarantor, or endorser of the Debt; and (d) increase or lower the Total Credit Line on your Secured Card Account, and no such action shall change the fact that the Collateral Account at all times will be held by the Bank as security for the Debt.
Defaults. The Bank may, without prior notice, declare you in default of the Debt if: (a) you fail to meet the conditions, to perform any obligation, or to make any payment under this agreement or any other agreement that you make relating to the Debt; (b) you withdraw or transfer from the Collateral Account any funds pledged under this Agreement; (c) you have given the Bank false or misleading information or misrepresentations; (d) any Cardholder dies; (e) any government authority takes action which the Bank believes adversely affects your financial condition or ability to repay the Debt; (f) any guaranty or other agreement required in connection with the Debt is violated or ineffective; or (g) you file a bankruptcy petition, a bankruptcy petition is filed against you, or you make a general assignment for the benefit of creditors. If you default, the Bank may declare all of the Debt immediately due and payable. Bank may also exercise all the rights of an owner of the Collateral Account.
Enforcing the Agreement. Upon any default, Bank is authorized to act as owner of Collateral Account and to apply all or any portion to: (a) the Bank's costs in enforcing its rights hereunder; (b) the interest and fees relating to Debt; and (c) the principal of Debt. Bank is irrevocably appointed as attorney-in-fact to execute any instruments required to satisfy Debt. This Agreement is governed by the laws of the state in which the Bank and Collateral Account are located. Bank's rights stated in this Agreement are in addition to any others it has under the law. If there is a conflict regarding the security interest between this Agreement and any other agreement, this Agreement will control. You represent that no insolvency proceeding or general assignment for creditors is pending that would affect the Bank's security interest. If Bank waives or delays exercising a right, it does not forfeit that right or any others. You waive any defense you may have against Bank. Bank can exercise its rights against Collateral Account even if you are no longer liable on Debt because of a statute of limitations or because of other reasons. Until Debt is fully repaid, and you have no further obligations under this Agreement, you will subordinate in favor of Bank any right of subrogation and any right to enforce a remedy Bank now has or may later have.
After receipt of payments on the Secured Card Account, Bank may withhold the release of available credit equal to the amount of the payment for a period of time to ensure that sufficient funds are available.
If the Bank determines that the collateral from the Collateral Account shall be released, the Bank will pay the collateral amount to the Primary Applicant either by (a) depositing funds into an account with the Bank on which the Primary Applicant is one of the owners, or (b) some other method deemed sufficient by the Bank.