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IMPORTANT RATE, FEE AND OTHER COST INFORMATION
(SUMMARY OF CREDIT TERMS)
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Annual Percentage Rate (APR) for Purchases
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1.9% APR fixed for 5 billing cycles after your account is opened.†
After that, 14.49% APR as of 01/01/09.†* |
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Other APRs
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Balance Transfer APR: 5.90% fixed for the life of the balance on Balance Transfers made in the first 3
billing cycles after your account is opened. † After that, 14.49% APR as of 01/01/09.†*
Cash Advance APR: 20.49% as of 01/01/09. †*
Penalty Rate APR: up to 28.49% as of 01/01/09 (see explanation below). †*
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Variable Rate Information |
The APR for Purchases and Balance Transfers may vary and will be the greater of 13.99% or the Index plus a Margin
of 12.49%.* The APR for Cash Advances may vary and will be the greater of 19.99%
or the Index plus a Margin of 18.49%.* The Penalty Rate may vary and will be the Index plus a Margin of up to
26.49%.*
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Grace Period for Repayment of Balance for Purchases
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Not less than 20 days from the date of the billing statement on new purchases
(provided you have paid your previous balance in full by the due date).
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Method of Computing the Balance for Purchases |
Average daily balance (including new purchases). |
| Annual Fee |
$70
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| Minimum Finance Charge |
$1.75 (any billing cycle a finance charge is imposed).
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Foreign Currency Transaction Fee for Transactions in Non-U.S. Currency
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3% of the amount of the transaction (after conversion to U.S. Dollars).
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Overlimit Fee
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$39
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Transaction Fee for Cash Advance
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The greater of $15 or 3% of the transaction (the greater of $15 or 5% of the transaction for certain
“Cash Equivalent Transactions”).
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Transaction Fee for Balance Transfer
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The greater of $10 or 3% of the transaction.
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Late Payment Fee
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$35 if your New Balance is less than $500; or $39 if your New Balance is equal to or greater than $500.
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†
Your Annual Percentage Rates (including Introductory Rates or Special Offer Rates) may terminate and increase
to a Penalty Rate or a Preferred Rate if you: (1) fail to make a minimum payment to us when due; (2) exceed your credit
limit; or (3) make a payment that is dishonored for any reason. Factors considered in determining whether a
rate increase will occur may include how you have handled your account with us and current and historical
information regarding your credit in general.
*
The Index is each month’s highest one-month London Interbank Offered Rate (“LIBOR”) as quoted in the prior
month’s The Wall Street Journal, after increasing any fractional rate for LIBOR to its next highest whole
percentage point.
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Please Note: Your account will have monthly billing cycles, except that your first billing cycle may be less
than one month. All credit terms, including minimum finance charges, will apply in each billing cycle
including the first billing cycle.
You understand that the terms of your account, including APRs, are subject to change.
APRs are not guaranteed and they may change to higher APRs. Fixed APRs may change to variable APRs and vice versa.
IMPORTANT NOTICE REGARDING CHANGES IN TERMS. We reserve the right to unilaterally change the rates,
fees, costs, and other terms at any time for any reason in addition to APR increases that may occur for failure
to comply with the terms of your Account.
You agree that payments on your Account may be applied in the order we select.
We may allocate payments to balances starting with the lowest Annual Percentage Rate.
BALANCE TRANSFERS
: Balance Transfers are not available to you until after your Account is opened.
You authorize us to make one or more of the balance transfers that you have requested.
All balance transfer requests are subject to our approval; we are not liable if we do not make a requested
balance transfer. We reserve the right to make balance transfers in the order we select and to limit the
amount of the balance transfers that we make (this amount may be less than your total credit limit).
If you request an amount that we do not approve, we may process a partial transfer for less than you requested
or we may decline the entire request. In addition, transfer requests that are incomplete,
illegible or requested to cash, to yourself or to another account with us or one of our affiliates need
not be processed. To protect your billing dispute rights, do not request a balance transfer of any amount
you might dispute with another creditor. Because there may be delays in the processing of these transactions,
continue paying your other creditors the amounts owed for each balance transfer you request,
until you receive a periodic billing statement from those creditors showing that the requested balance transfer
has been processed. Balance Transfers are subject to applicable
fees and finance charges and do not have the benefit of a grace period.
CREDIT REPORT
: By applying for this account you agree that InfiBank, N.A. may obtain credit reports for purposes of processing
your application and for later purposes related to your account such as reviewing, updating and renewing it,
increasing the credit line and collecting. If you request, you will be informed of whether or not a credit
report was requested and of the name and address of the consumer reporting agency that furnished the report.
You also authorize InfiBank, N.A. to verify your employment, income and other relevant information.
The approval of an account and the ongoing extension of credit may be conditioned upon the
guarantee of a third party.
NOTICE TO CARDMEMBERS AND AUTHORIZED USERS
: 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.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
: To help the government fight the funding of terrorism and money laundering activities,
the USA Patriot Act requires all financial institutions to obtain, verify, and record information that
identifies each person (including business entities) 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 for other identifying documents. We will let you know if additional information is required.
The ANA U.S.A. Visa® credit card (the “Program”) is sponsored by All Nippon Airways, Co., Ltd.,
Prestige International and InfiBank, N.A. (the “Sponsors”). Credit card accounts are issued by InfiBank, N.A.
Applicants to and Cardmembers in the Program must reside in the United States. Participants consent to and
authorize the Sponsors along with any parties with whom they contract in order to manage this program,
to share information about the Cardmember(s) and his/her account as necessary to administer the Program.
Married applicants may apply for separate Accounts in their own names.
OHIO RESIDENTS
: The Ohio laws against discrimination require that all creditors make credit equally available to all
creditworthy customers and that credit reporting agencies maintain separate credit histories on each
individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
NOTICE TO MARRIED WISCONSIN APPLICANTS
: No provision of any marital property agreement, unilateral statement or court decree adversely
affects our interests and/or rights unless, prior to the time the credit is granted or an open-end
credit plan is entered into, we are furnished with a copy of the agreement, statement,
or decree, or have actual knowledge of the adverse provision. Married Wisconsin residents applying
for credit separately must furnish name and address of their spouse to InfiBank, N.A. at P.O. Box 3696,
Omaha, NE 68172-9936.
CALIFORNIA RESIDENTS
: The applicant, if married, may apply for a separate account. After credit approval, each applicant
shall have the right to use this account to the extent of any credit limit set by the creditor
and each applicant may be liable for all amounts of credit extended under this account to
each joint applicant.
NEW YORK RESIDENTS
: may contact the New York State Banking Department to obtain a comparative listing of credit card rates,
fees and grace periods. New York State Banking Department: 1-877-226-5697.
ARBITRATION
:You understand that any Cardmember Agreement you receive will contain an arbitration provision
that may substantially limit your rights in the event of a dispute, including your right to litigate
in court or have a jury trial, discovery and appeal rights, and the right to participate as a representative
or member of a class action. You may request arbitration rules and forms through either or both of
the following arbitration administrators: American Arbitration Association, 800-778-7879; and National
Arbitration Forum, 800-474-2371. Please review the Cardmember Agreement and its arbitration provision
carefully before you use or allow someone else to use an account.
Cards are issued by InfiBank, N.A.
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