Bank One Credit Cards
Bank One Credit Cards
Author: NightStar
Posted: Sun Nov 16, 2003 6:31 pm
http://www.bankone.com/
Bank One Platinum Visa® Card
Annual Percentage Rate (APR) for purchases (including balance transfers)
A 0% fixed APR for the first 12 billing cycles following the opening of your account. After that, 8.9% variable.1
1 You understand that the terms of your Account, including the APRs, are subject to change. Any such changes will be made in accordance with the Cardmember Agreement.
Variable rate information
The following APRs may vary monthly based on the Prime Rate.2
Purchase APR equals the Prime Rate plus 4.9% if your payment is late during the introductory period, or after the introductory period.
Cash advance APR equals the Prime Rate plus 15.74%.
2 The "Prime Rate" is the highest prime rate published in the Money Rates column of The Wall Street Journal on the 22nd day of each month if a business day; if not, on the next business day. Variable APRs are based on the 4.0% prime rate on 9/15/03.
Grace period for repayment of purchase balances
At least 20 days, but none for balance transfers, convenience checks, or overdraft advances, if applicable.
Method of computing the balance for purchases
Two-cycle average daily balance method (including new purchases).
Annual fee
None
Minimum finance charge
$1.00
Transaction fee for certain purchases
Purchase of wire transfers or money orders; purchase of foreign currency and travelers checks from other than a bank; and use of convenience checks: 3% of the amount of each purchase or check, but not less than $5.00 nor more than $50.00.
Transaction fee for balance transfers
3% of the amount of each transaction, but not less than $5.00 nor more than $50.00.
Transaction fees for cash advances
All cash advances: 3% of the amount of the advance, but not less than $10.00.
Other fees
Late Payment fee:
$15.00 on balances up to $150, $29.00 on balances of $150 up to $1200, and $35.00 on balances of $1200 and over. However, if you already have made one or more late payments in the prior 12 month period, $35.00 regardless of the amount of your balance.
Over-the-Credit-Limit fee:
$29.00
The minimum gross annual income required for an account is $14,400.
Platinum services are available only to Platinum cardmembers. We reserve the right to change the benefit features associated with your card at any time.
This offer is available only to applicants who reside in the United States of America. The information about the costs of the card described in this Application is accurate as of 9/15/03. This information may have changed after that date. To find out what may have changed, write to us at Cardmember Service, P.O. Box 8865, Wilmington, DE 19850-8865.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Bank One Credit Cards
Author: NightStar
Posted: Sun Nov 16, 2003 9:42 pm
Quote:
Method of computing the balance for purchases
Two-cycle average daily balance method (including new purchases).
Can someone please explain this two-cycle method they are using?
Quote:
Transaction fee for balance transfers
3% of the amount of each transaction, but not less than $5.00 nor more than $50.00.
I don't think this is too bad of a deal for getting 12 months 0% then to 8.9% following.
Looks like the best so far out of all the credit cards - comments?
Bank One Credit Cards
Author: Incognito
Posted: Wed Dec 03, 2003 7:38 am
Double cycle billing.
This is where you are charged interest in 2 month incriments rather than the normal way.
Lets say,for example, you charge 500.00 one month. You pay that off completely. The next month, you charge another 500.00 but only pay 250.00 of it off. You will still be charged interest on the previous 500.00 you paid off because its in the 2 month cycle period.
Personally, I think its immoral and should be illegal.But its in the fine print.
Discover is notorious for this also.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: NightStar
Posted: Sun Nov 16, 2003 6:31 pm
http://www.bankone.com/
Bank One Platinum Visa® Card
Annual Percentage Rate (APR) for purchases (including balance transfers)
A 0% fixed APR for the first 12 billing cycles following the opening of your account. After that, 8.9% variable.1
1 You understand that the terms of your Account, including the APRs, are subject to change. Any such changes will be made in accordance with the Cardmember Agreement.
Variable rate information
The following APRs may vary monthly based on the Prime Rate.2
Purchase APR equals the Prime Rate plus 4.9% if your payment is late during the introductory period, or after the introductory period.
Cash advance APR equals the Prime Rate plus 15.74%.
2 The "Prime Rate" is the highest prime rate published in the Money Rates column of The Wall Street Journal on the 22nd day of each month if a business day; if not, on the next business day. Variable APRs are based on the 4.0% prime rate on 9/15/03.
Grace period for repayment of purchase balances
At least 20 days, but none for balance transfers, convenience checks, or overdraft advances, if applicable.
Method of computing the balance for purchases
Two-cycle average daily balance method (including new purchases).
Annual fee
None
Minimum finance charge
$1.00
Transaction fee for certain purchases
Purchase of wire transfers or money orders; purchase of foreign currency and travelers checks from other than a bank; and use of convenience checks: 3% of the amount of each purchase or check, but not less than $5.00 nor more than $50.00.
Transaction fee for balance transfers
3% of the amount of each transaction, but not less than $5.00 nor more than $50.00.
Transaction fees for cash advances
All cash advances: 3% of the amount of the advance, but not less than $10.00.
Other fees
Late Payment fee:
$15.00 on balances up to $150, $29.00 on balances of $150 up to $1200, and $35.00 on balances of $1200 and over. However, if you already have made one or more late payments in the prior 12 month period, $35.00 regardless of the amount of your balance.
Over-the-Credit-Limit fee:
$29.00
The minimum gross annual income required for an account is $14,400.
Platinum services are available only to Platinum cardmembers. We reserve the right to change the benefit features associated with your card at any time.
This offer is available only to applicants who reside in the United States of America. The information about the costs of the card described in this Application is accurate as of 9/15/03. This information may have changed after that date. To find out what may have changed, write to us at Cardmember Service, P.O. Box 8865, Wilmington, DE 19850-8865.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Bank One Credit Cards
Author: NightStar
Posted: Sun Nov 16, 2003 9:42 pm
Quote:
Method of computing the balance for purchases
Two-cycle average daily balance method (including new purchases).
Can someone please explain this two-cycle method they are using?
Quote:
Transaction fee for balance transfers
3% of the amount of each transaction, but not less than $5.00 nor more than $50.00.
I don't think this is too bad of a deal for getting 12 months 0% then to 8.9% following.
Looks like the best so far out of all the credit cards - comments?
Bank One Credit Cards
Author: Incognito
Posted: Wed Dec 03, 2003 7:38 am
Double cycle billing.
This is where you are charged interest in 2 month incriments rather than the normal way.
Lets say,for example, you charge 500.00 one month. You pay that off completely. The next month, you charge another 500.00 but only pay 250.00 of it off. You will still be charged interest on the previous 500.00 you paid off because its in the 2 month cycle period.
Personally, I think its immoral and should be illegal.But its in the fine print.
Discover is notorious for this also.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 11:46 AM
0 Comments:
Post a Comment
<< Home