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OPENSKY ® SECURED VISA ® CREDIT CARD AGREEMENT
INTEREST RATES AND INTEREST CHARGES
Annual Percentage Rate (APR) for Purchases · 17.39% This APR will vary with the market based on the Prime Rate plus a margin.
APR for Cash Advances · 17.39% This APR will vary with the market based on the Prime Rate plus a margin.
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 interest on new purchases, provided you have paid your previous balance in full by the due date each month.We will begin charging interest on cash advances on the transaction date.
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 https://www. Consumerfinance.gov/learnmore .
FEES
Annual Fee · $35 annually .
Transaction Fees • Cash Advance • Foreign Transaction · Either $6 or 5% of the amount of each cash advance, whichever is greater. 3% of each Transaction in U.S. dollars
Penalty Fees Late Payment Returned Payment · Up to $38 Up to $25
How We Will Calculate Your Balance: We use a method called 'average daily balance (including new T ransactions).' Please see Section 7.(c) of this Agreement for further details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in the section titled ' Your Billing Rights ' at the end of this Agreement.
Military Lending Protections : Federal law provides important protections to members of the Armed Forces and their dependents related to extension of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account; The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). To receive this information and a description of your payment obligation verbally, please call us toll free 855-763-6736.
The information described here about the costs of the OpenSky Secured Visa Credit Card issued by Capital Bank, NA is accurate as of 5/21/2021. This information may have changed after that date.
