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Enroll |
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Learn More |
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After you have read and understood the
terms printed below, click on the "Continue to Application" link at the bottom
of the page to open or download a printable version of the credit card
application. Complete the application and return it to any one of our
locations.
| The
information about the rates and costs of the cards as described below is
accurate as of July, 2003. This
information may have changed after that date. To find out what may
have changed or to confirm current rates or costs contact Morton Community
Bank. |
| CREDIT DISCLOSURE |
MasterCard Standard
Visa Classic
Visa Gold |
| Annual Percentage Rate
for Purchases |
MasterCard: 12.25%
Visa Classic: 12.25%
Gold: 11.25% |
| Variable rate index and
spread |
Morton Community Bank
calculates the variable rate by adding 5.0% for MasterCard Standard and Visa
Classic and 4% for Visa Gold above the Prime Rate as published in The Wall Street Journal on the
15th of March, June, September, and December of each year. |
| Grace Period for
repayment of balances for purchases |
You have 25 days to
repay your balance for purchases before being charged a finance charge. |
| Method of computing the
balance for purchases |
Average Daily Balance
(including new transactions) |
| Annual membership fee |
NONE |
| Minimum finance charge |
$0.00 |
| Transaction fee for
purchases |
NONE |
| Transaction fee for cash
advances |
NONE |
| Late payment fee |
$25.00 |
| Over-the-credit-limit
fee |
$25.00 |
| Returned check fee |
$25.00 |
| 1st Duplicate Statement |
$5.00 |
| All research |
$25/half hour |
| Card re-issue |
$5.00 |
| Card replacement:
lost/stolen |
$5.00 |
| Emergency card
(Overnight) |
$25.00 |
No applicant may be
denied a credit card on account of race, color, religion, national origin,
ancestry, age sex, marital status, physical or mental
handicap unrelated to the ability to pay or unfavorable discharge from
military service.
The applicant may request the reason for rejection of his or her application
for a credit card.
No person need reapply for a credit card solely because of a change in
marital status unless the change in marital status has caused a
deterioration in the person's financial position. |
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