Can u read these terms and conditions on a credit card im applying for? is it ok?

TERMS AND CONDITIONS OF OFFER








Annual Percentage Rate (APR) For Purchases and Cash Advances 9.99%


Grace Period for Repayment of Balances for Purchases None


Method of Computing the


Balance for Purchases Average Daily Balance


(including new purchases)


Annual Fee $50.00


Minimum Finance Charge $.50


Foreign Currency Transaction Fee 1% of any transaction made in a foreign currency


Cash Advance Fee: The greater of $5.00 or 5% of each Cash Advance which includes, but is not limited to, ATM and convenience check usage; Late Payment Fee: $32 or $35 (if your credit limit is greater than $1000); Overlimit Fee: $32 or $35 (if your credit limit is greater than $1000).











This information was accurate as of the date it was printed and is subject to change without notice. You should contact Applied Bank® for any updates to this form.





This Offer to establish a credit card account is made by Applied Bank of Wilmington, DE (“we”, “us”, “our”).





APPROVAL AND CREDIT LIMIT TERMS: By accepting this Offer you are requesting an Applied Bank credit card account. You will receive an account with a credit limit equal to your deposit (see CREDIT AVAILABILITY section). Regardless of your initial credit limit, over the life of your account your credit limit may be increased from credit limit increase programs and other special offers, which may be subject to fees.





CREDIT AVAILABILITY: The first Annual Fee will be charged to your account when your account is opened, so your initial credit availability will be $50.00 less than your deposit. Any charges for Optional Card Benefits, such as Applied Advantage, will further reduce your initial available credit. All account purchases and cash advances or any other fees and charges will reduce credit availability at the time they are charged to your account. Account related fees, if incurred, will continue to be charged even if your account is Overlimit. If, on any day during the billing cycle, purchases, cash advances, account related fees or any other fees, and charges, including interest charged on the last day of the billing cycle and Payment Protection Plus premiums, result in your account balance exceeding your credit limit, you will be charged an Overlimit Fee for each billing cycle your account is over the credit limit.





Notice: If you accept or use an account, you do so subject to the terms of this Offer and the Credit Card Agreement, which will be sent to you (“Agreement”). The Agreement and terms of your account are subject to change. The Agreement includes a binding arbitration provision, which, if not rejected by you, may replace your right to go to court, as well as other rights you may have, including the right to a jury and the right to participate in a class action or similar proceeding. This Offer and any resulting account are subject to Delaware and federal law. You agree that: You will be responsible for and will pay all charges and fees incurred on any account granted according to the Agreement; all statements made and information provided by you are true; our company, its affiliates and service or marketing vendors may monitor and/or record any conversations with you; your account will only be used for personal, family or household purposes; we are authorized to verify all information you provide; we may use any email address provided to us to send information to you about this Offer and your account including information about the status of this Offer or your account; we may obtain consumer credit reports for updates, renewals, extensions of credit and review or collection of your account; we are authorized to furnish information about you and your account to consumer credit reporting agencies and others who help service your account. Upon request, we will tell you the name and address of each consumer credit reporting agency from which we obtained a consumer credit report about you.





You request us to issue a Card bearing your account number to (and in the name of) the Applicant. YOU AGREE TO OPEN AN FDIC INSURED DEPOSIT ACCOUNT WITH US TO SECURE YOUR CREDIT CARD. You have read the account information notices, disclosure of credit cards terms, and other terms that accompanied the Acceptance. You understand and agree to them. You further agree that this Acceptance and all resulting agreements will be subject to the United States and Delaware Law.





TAXPAYER IDENTIFICATION NUMBER CERTIFICATION: Under penalties of perjury, you certify that the Taxpayer Identification Number (Social Security Number) provided on the Acceptance Form is correct, and you are not subject to back-up withholding either because: a) you have not been notified that you are subject to back-up withholding as a result of failure to report all interest and dividends, or b) the Internal Revenue Service has notified you that you are no longer subject to back-up withholding. PLEASE NOTE: IF YOU ARE SUBJECT TO BACK-UP WITHOLDING, ADVISE US BY PROV|||Basically you're signing your life away, and if you don't pay them on their terms, they can take your first born child and your left testicle as payment instead.|||Everything is fine except the annual fee. 50 bucks, are you kidding? Get one from the bank you go to. They usually dont have an annual fee. You shouldn't have to pay an annual fee. 50 bucks is ridiculous.|||Basically it sounds like they they will give you credit on your own money %26amp; charge you $50. for that privilege. They are not loaning you any money but charging you for the money they hold for you.


Open a savings account with any bank or credit union and apply for a debit card which will be a master or visa card. You will earn interest on your savings (not charged for it like the company above does!)|||First, are you aware this is a secured safety card? Read the next to the last paragraph, The second sentence in capital letters states that you agree to open an account with the credit card company. That means the credit limit of the card is subject to the amount you have in the account securing this card. Just wanted to make sure you knew that. For me the $50 annual fee just for having the card would be a deal breaker. The first statement you receive will already have a $50 charge on it just for this fee. I would definitely shop around for one without the mandatory $50 annual fee.