ARMED FORCES BANK N.A. SECURED CREDIT CARD ACCOUNT-OPENING DISCLOSURE STATEMENT
Interest Rates and Interest Charges
ANNUAL PERCENTAGE RATE (APR) for all Purchase Transactions · 20.99% This APR will vary with the market based on the Prime Rate. 1
APR for Balance Transfers · 20.99% This APR will vary with the market based on the Prime Rate. 1
APR for Cash Advances · 20.99% This APR will vary with the market based on the Prime Rate. 1
Penalty · 24.99% This APR may be applied to your account if you Fail to make OR satisfy the required minimum monthly payment within 60 days of the respective due date. How Long Will the Penalty APR Apply? : If your APR is increased for either reason, the Penalty APR will apply until you make six consecutive minimum payments when due. If you do not make these six consecutive minimum payments, we may keep the Penalty APR on your account indefinitely.
Paying Interest · Each due date will be at least 25 days after the close of each billing cycle. We will not impose interest charges on purchases or balance transfers if you pay your entire balance in full by the due date each month. We will begin charging interest on cash advances on the transaction date.
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
Fees
Annual Fee · $39.00 NOTICE: Your account will be assessed the $39.00 fee at the time that your account is established with us. This fee will reduce the amount of credit that you initially have available. Additionally, your account will be charged every year on the anniversary date of your account.
Transaction fees • Cash Advance Fee • Currency Conversion Transaction Fee • International Transaction Fee • Balance Transfer Fee · $5.00 or 2% of amount advanced, whichever is greater 1.0% of each transaction in U.S. dollars if currency conversion occurs. 0.8% of each transaction in U.S. dollars if no currency conversion occurs. None
Penalty Fees • Late Payment Fee • Over the Limit Fee • Returned Payment Fee · Up to $25.00 None Up to $25.00
Other fees • Copying Fee • Card Replacement Fee • Special Processing Fee · $4.00 per-page fee for copies of transaction documents or statements unless we are required to provide them when resolving a billing dispute. $5.00 per card replaced prior to the normal reissue date. $35.00 per card for expedited processing and delivery, if available and offered.
How We Will Calculate Your Balance : We use the method called 'average daily balance (including new purchases and balance transfers).' See your Card Agreement for more details.
Billing Rights : Information on your rights to dispute transactions and how to exercise those rights is provided in the Card Agreement. The disclosures above are accurate as of the printing date of December 25, 2020 and are subject to change thereafter.
Please contact us for any information on any changes, call 888-929-2265 or by writing us at the following address:
Armed Forces Bank, N.A.
Attn: Credit Card Department
PO Box 26458
Kansas City MO, 64196
1 Variable Rate Information: Prime Rate refers to the highest Prime Rate identified in the 'Money Rates' column of the Wall Street Journal (WSJ) on the rate change date. The index and your corresponding rate APR may adjust monthly on the rate change date. The new rate will take effect on the first day of your next billing cycle. The value of the index on December 25, 2020 was 3.25%. The APR will be determined by adding the margin of 17.74% to the value of the index. Your APR may change monthly.
