• No results found

Credit Card Important Information

N/A
N/A
Protected

Academic year: 2021

Share "Credit Card Important Information"

Copied!
17
0
0

Loading.... (view fulltext now)

Full text

(1)

PR

E-C

ON

TR

AC

T C

REDI

T I

NF

ORMA

TION (Standar

d Eur

opean C

onsumer Cr

edit

Inf

orma

tion)

1. Con tac t details 1.1 Cr editor Ulster Bank Ir eland Limited Addr ess Ulster Bank Gr oup C en tre, Geor ge’ s Qua y, Dublin 2 2. Ke y fea tur es of the cr edit pr oduc t 2.1 The type o f cr edit . Cr edit car d f acility fr om our r ange o

f Classic and Gold cr

edit car ds. 2.2 The total amoun t o f cr edit . This means the ceiling or the

total sums made a

vailable under the pr oposed cr edit A gr eemen t or the cr edit limit . If we accept your applica tion, the Cr edit Limit alloca ted to the Cr edit C ar d will be notified to y ou on y

carrier which will be pr

ovided to y ou with y our Cr edit C ar d once it

has been issued.

You ma y r equest limit at an y time . 2.3 The c onditions go verning the dr awdown.

This means how and when you will obtain

the money . If we accept your applica tion: (1) y ou will be able to immedia tely transf

er a balance with another cr

pr ovider to us o f up to 95 % o f the Cr edit Limit alloca ted to y ou; (2 ) a cr edit car d will be issued to y will be r equir ed to sign this C ar d immedia tely on r eceipt o f it; and ( 3) once y ou ha ve ac tiv ated the car will be able to carr y out other transac tions (including P ur chases ) within y our Cr edit Limit and Adv Balance Transf ers , pr ovided tha t an y Adv

ances and Balance

Transf ers ar e also within y our Adv ance limit which f orms par t o f y our Cr edit Limit . 2. 4 The dur ation o f the cr edit A gr eemen t. Ther e is no fix ed or minimum dur ation. The A gr eemen t will c on tinue un til termina ted by either y acc or dance with the c onditions o f the cr edit car d. 2.5 Repa ymen ts and, wher e appr opria te, the or der in which the r epa ymen ts will pa y o ff wha t y ou owe . Each mon th,

the minimum mon

thly pa

ymen

t will be (i)

3% o

f the new balance shown on y

our la sta temen t, r ounded down to the near est Eur o; or (ii) €5, whiche ver is mor e. If

the new balance is less

you must

pa

y the new balance in full.

When a pa ymen t is used to r educe wha t is owed, the pa ymen t will be applied in the f ollowing or – To pa y an y in ter est on amoun ts subjec t to Special O ffers. – To pa y an y other in ter est, an y f

ees and char

ges. – To r epa y amoun ts subjec t to Special O ffers shown on an y sta temen t. – To r epa y all P ur

chases and Balance

Transf ers (e xcept those subjec t to Special O ffers ) shown on an – To r epa y all Adv ances (e xcept those subjec t to Special O ffers ) shown on an y sta temen t. – To r epa y amoun ts subjec t to Special O ffers not yet shown on an y sta temen t. – To r epa y all P ur

chases and Balance

Transf ers (e xcept amoun ts subjec t to Special O ffers ) not yet on an y sta temen t. – To r epa y all Adv ances (e xcept amoun ts subjec t to Special O ffers ) not yet shown on an y sta temen If y ou ha ve tak en up an y Special O ffer we ma y decide to r epa y T ransac tions r ela ting to these in a dif When

this happens we will

tell y ou when we pr ovide details o f the Special O ffer . 2.6 Total Amoun t P ayable . This means the amoun t you ha ve borr owed plus in ter est and an y c osts r ela ted to your borr owing . Total Amoun t P ayable depends on the amoun t y ou borr ow under y our cr edit car

d, the manner in which y

use y our car d, the length o f time y ou tak e to r epa y amoun ts owing , the number o f tr ansac tions y and the in ter est applicable to y our car d. By w ay o f e xample, based on

the assumptions set

out in poin ts below , the total amoun t pa yable by y ou would be €1,665 .04 for a Classic C ar d or €3,286 .04 Car d. Other dr awdown mechanisms to tha t set out below c ould r esult in y ou pa

ying a higher amoun

The APR and

Total Amoun t P ayable ar e based on the assumption tha t: • At acc oun t opening y ou mak e a pur chase tha t, together with an y f ee pa yable, totals €1,500 for Classic C or €3,000 for Gold; • The annual f ee (if ther e is one) is trea ted as debited to the acc oun t on the same da y as the P ur debited to the acc oun t; • The P ur

chase balance and an

y annual f ee balance ar e r educed to z er o by 12 equal instalmen ts which together with in ter est ar e paid mon thly ; • Go vernmen

t Stamp Duty (curr

en tly €30 ) is trea ted as debited to the acc oun t on acc oun t opening and a pa ymen t r eceiv ed in to the acc oun t on the same da y to pa y the duty ; • It is assumed tha t no other transac tions tak e place and the P ur chase in ter est ra te r emains unchanged. 3. Costs of the cr edit 3.1 The borr owing r ate(s ). Ra tes fo r our Classic car d Transac tion Type Mon thly Rat e Annual Pur chases f or the first 3 mon ths fr om acc oun t opening . 0.000% ( fix ed ) 0.000 Pur chases af ter the first 3 mon ths. 1.385% 17 Balance Transf ers debited to the acc oun t in the first 12 mon ths fr om acc oun t opening . 0.323% ( fix ed ) 3.9 Balance Transf ers debited to acc oun t af ter 12 mon ths fr om acc oun t opening . 1.385% 17 Adv ances (e .g . cash withdr aw als ). 1.608% 21

YOU

R C

REDI

T C

AR

D E

XPL

AI

NED – ADEQU

AT

E E

XPL

ANA

TIONS

IMP

OR

TAN

T –

PLE

ASE

REA

D

It is impor tan t tha t y ou r ead the Standar d Eur opean C onsumer Cr edit Inf orma tion (SEC CI) documen t car efully . The SEC CI giv es k ey details about your cr edit car d agr eemen t. Mak e sur e y ou understand wha t is in volv ed.

You should ask y

ourself the f ollowing questions: 1. Is this the righ t pr oduc t fo r me? Does the pr oposed cr edit car d meet m

y needs and cir

cumstances? Do I understand how m y agr eemen t will work? • A cr edit car d allow s y ou

to buy goods and ser

vices up to the cr edit limit on the cr edit car d. If we accept your applica tion, the cr edit limit alloca ted to the car d will be notified to y ou. •

You can also use a cr

edit car d f or other purposes e .g . to withdr

aw cash (see sec

tion 3 o f the SEC CI f or the Adv ance in ter est ra te and the char ge applicable to each Adv ance). • Although y ou will ha ve to r epa y a t least

the minimum amoun

t each mon th, repa ymen ts ar e fle xible and y ou can pa y mor e or all o f y

our balance whene

ver y ou wish. Any repa ymen t y ou mak

e will be used in a specific or

der (See sec

tion 2 o f the SEC CI). • In cer tain cir cumstances , a cr edit car d ma y be mor e suitable than another pr oduc t (e .g . a loan) if y ou w an t fle

xibility in how much y

ou borr ow and r epa y each mon th. • If y ou w an t to borr ow o

ver a long period or borr

ow a substan tial amoun t, then a cr edit car d ma y not be appr opria te and a loan ma y be a better option. • A cr edit car d is not suitable f or r epa ying mor tgage debt . 2. Ho w much will I h ave to pa y? • How much y ou will ha ve to pa y in r ela tion to the cr edit car d can be f ound in sec tions 2 and 3 o f the SEC CI.

This includes details o

f the minimum mon

thly r epa ymen ts , the rate(s ) o f in ter est and v arious f

ees and char

ges tha t will apply . • Mak e sur e tha t y ou ar e c onfiden t tha t y ou can af for d to pa y, a t the v er y least,

the minimum mon

thly pa

ymen

t. In

ter

est

will still apply

. 3. Wha t could happen if I can ’t k eep up with my mon thly repa ymen ts? • Missing pa ymen ts c ould ha ve se ver e c onsequences f or y our finances. For e xample, it is v er y lik ely to mak e obtaining cr edit mor e dif ficult in the futur e as we ar e lik ely to r epor t non-pa ymen t to the cr edit ref er

ence agencies and

this will adv

ersely af fec t y our cr edit ra

ting (which most

lenders tak e in to acc oun t when assessing an y borr owing applica tion). • If y ou f ail to r epa y wha t is owed on the due da tes f or pa ymen t, we ma y also obtain a c our t judgmen t against you. W e ma y be able to apply to the c our t f or a char ging or der on an y pr oper ty tha t y ou own to enf or ce the judgmen t if y ou do not pa y. A char ging or der on a pr oper ty normally means tha

t on its sale wha

t is owed r equir es to be paid out of the sale pr oceeds but enf or cemen t c ould lead to steps being tak en to possess y our pr oper

ty and its subsequen

t sale to pa y wha t y ou owe . • If y ou miss pa ymen ts then y ou will also ha ve to pa y us char ges. Details ar e set out at sec tion 3 o f the SEC CI, under the heading “C osts in the case o f la te pa ymen ts” . •

You should alw

ays let us know if y ou ar e ha ving dif ficulty managing y our finances.

You can also seek independen

t financial advice . W e can let you ha ve details o f or ganisa tions tha t pr

ovide financial advice f

or fr ee . 4. Wha t canc ella tion righ ts do I ha ve? • Ther e is a limited period af ter y ou en ter in to the cr edit car d agr eemen t when y ou ha ve a righ t o f withdr aw al i.e . a righ t to cancel the agr eemen t. Details o f y our righ t to cancel ar e set out in sec tion 4 o f the SEC CI. • If y ou e xer cise this righ t, y ou must repa y an y balance outstanding on the cr edit car d (e xcluding an y car d f ee debited to the car d acc oun t – an y such car d f ee will be refunded to the acc oun t), together with in ter est tha t is added to the balance un til the r epa ymen t is made . You will ha ve 30 calendar da ys to r epa y star ting fr om the da te of cancella tion. 5. Wha t fea tur es of my cr edit car d agr eemen t m ay oper ate significan tly to my disadv an tag e? • Making just

the minimum mon

thly r epa ymen t will c ost you mor e o ver all and it will tak e y ou longer to clear

the balance in full.

W e do not rec ommend tha t y ou only e ver pa y the minimum r epa ymen t amoun t. This is because if y ou only pa y the minimum r epa ymen t amoun t, y ou will be char ged in ter est on the amoun ts which y ou do not repa y.

You will not

be char ged in ter est on P ur

chases and Balance

Transf

ers if y

ou r

epa

y the outstanding balance on y

our cr

edit

car

d in full each mon

th.

You will be char

ged in ter est on Adv ances e ven if y ou pa

y the outstanding balance in full each mon

th. • W e can change the in ter est ra tes tha t apply to y our cr edit car d agr eemen t. This ma y happen, for e xample, on the basis o f our cr edit assessmen t o f y ou. If we incr ease a r ate, the amoun t o f in ter est pa yable by y ou will incr ease . As a r esult ther e will be an adv erse ef fec t on the amoun t o f y

our minimum mon

thly r epa ymen ts. It ma y also c ost you mor e and tak e longer to clear an y balance . W e will giv e y ou adv ance notice o f an y in ter est ra te change and y ou will ha ve the oppor tunity to close y our acc oun t if y ou r epa y all amoun ts owing to us a t tha t time . • Dif fer en t in ter est ra tes apply to dif fer en t ca tegories o f tr ansac tions. For e xample, the in ter est ra te f or cash adv ances is not the same as the in ter est ra te f or P ur chases. Please see Sec tion 3 o f the SEC CI f or fur ther inf orma tion. When y ou mak e a pa ymen t to y our cr edit car d acc oun t, we will use it to r educe y

our balance in a specific or

der explained in sec tion 2 o f the SEC CI. Check this car efully if y ou ar e thinking o f using the car d f or dif fer en t ca tegories o f tr ansac tions. 6. Wher e can I find mor e inf orma tion or advic e to help me decide? • W e ar e happy to answer an y questions y ou ma y ha ve about the cr edit car d agr eemen t. Y ou ma y call us on 01 702 5489 . • You ma y also wish to tak e advice fr om an independen t financial adviser , charity or not -for -pr ofit or ganisa tion. 7. Ca n I ha ve mor e time to decide? You can tak e as much time as y ou wish to think mor e about wha t we ar e o ffering or c ompar e our cr edit car d with other cr edit deals bef or e y

ou decide whether or not

to pr oceed with y our cr edit car d A gr eemen t with us. Please note tha t tha t the terms set out in the SEC CI ar e not binding on us and we ar e fr ee to change or withdr aw our o ffer o f a cr edit car d a t an y time . Finally , y

ou should only sign

the L oan A gr eemen t if y ou ar e sur e tha t this pr oduc t is suitable to y

our needs and financial situa

tion.

DON’T

SIGN

AN

YT

H

ING

U

N

LESS

YO

U AR

E ABSOL

UT

EL

Y SU

RE

YO

U WA

NT

TO

PR

O

CEED

.

Ulster Bank Ir eland Limited. A priv ate c ompan y limited by shar es , tr ading as U lster Bank, U lster Bank Gr

oup and Banc U

ladh. R egister ed in R epublic o f Ir eland. R egister ed No . 257 66 . Register ed O ffice: U lster Bank Gr oup C en tre, Geor ge’ s Qua y, Dublin 2. A member o f The R oyal Bank o f Sc otland Gr oup Plc . U lster Bank Ir eland Limited is r egula ted by the C en tral Bank o f Ir eland. Calls ma y be r eco rde d.

PERF

Credit Card

Important Information

IMPORTANT INFORMATION

Credit cards only available to persons aged 18 and over, subject to status and conditions. Rates and information correct as at 15/09/2014 and are subject to change.

Formalities include the use of Credit Reference Agencies who will note that an enquiry has been made about you. If you borrow and do not repay in full, within the agreed terms, Credit Reference Agencies may be advised and will note the outstanding debt. This may affect future applications for credit facilities through the Ulster Bank Group of Companies or other lenders. All credit cards are subject to Government Stamp Duty of €30. This will be debited from your account annually in April or when your account is closed, and if you have not already paid Government Stamp Duty in the current charging period.

Our main business is banking and our principal place of business is Ulster Bank Group Centre, George’s Quay, Dublin 2.

Ulster Bank Ireland Limited. A private company limited by shares, trading as Ulster Bank, Ulster Bank Group and Banc Uladh. Registered in Republic of Ireland. Registered Number 25766. Registered Office: Ulster Bank Group Centre, George’s Quay, Dublin 2. A member of The Royal Bank of Scotland Group Plc. Ulster Bank Ireland Limited is regulated by the Central Bank of Ireland. Calls may be recorded.

ULST648 RI 09/14

Warning: If you do not meet the repayments on

your credit card, your account will go into arrears.

This may affect your credit rating.

www.ulsterbank.com

(2)

PERF

3.2 Ra tes fo r our Gold car d Transac tion Type Mon thly Rat e Annual Rat e Pur chases f or the first 6 mon ths fr om acc oun t opening . 0.000% ( fix ed ) 0.000% (fix ed ) Pur chases af ter the first 6 mon ths. 1.313% 16.9% ( variable ) Balance Transf ers debited to the acc oun t in the first 12 mon ths fr om acc oun t opening . 0.323% ( fix ed ) 3.9% ( fix ed ) Balance Transf ers debited to acc oun t af ter 12 mon ths fr om acc oun t opening . 1.313% 16.9% ( variable ) Adv ances (e .g . cash withdr aw als ). 1.608 % 21. 1% (variable ) 3.3 All r ates o f in ter est shown ar e v

ariable unless sta

ted

to be fix

ed.

When a fix

ed r

ate period ends

the curr en t v ariable r ate f or the transac tion type is applied. An y fix ed r ate period ma y be r educed or ended if an y term o f the A gr eemen t is br ok en. W e ma y change the r ate(s ) o f in ter est or an y f ee or char ge a t an y time (including the in troduc tion o f a new f ee or char ge) on giving y ou a t least 60 da ys’ notice in writing or by email bef or e the change tak es ef fec t. W

e will also upda

te all inf

orma

tion ser

vices including

telephone helplines and our website if we change

the in ter est ra te . For an y P ur chases , Balance Transf

ers and Adv

ances we will char

ge in ter est, fr om the da te the transac tion is char ged to y our acc oun t, on the amoun t o f the transac tion. Howe ver , if y ou r epa

y the new balance shown on y

our curr en t mon thly sta temen t in full by the pa ymen t da te shown on the sta temen t and additionally ha ve paid the

full balance shown on y

our pr evious mon thly sta temen t by the pa ymen t da te shown on tha t sta temen t, y ou will not be liable to pa y the in ter est char ged on an y new Pur chases or Balance Transf ers shown on y our curr en t sta temen t. Y ou will be char ged in ter est on Adv ances e ven if y ou pa

y the outstanding balance in full each mon

th. In ter est on in ter est and f

ees will be char

ged a t the r ate applicable f or the transac tion under tak en. In ter est on char

ges will be char

ged a t the r ate f or P ur chases. W e work out the in ter est using the in ter est ra te applicable as a t the sta temen t da te and calcula ted on y our aver

age daily balance since

the pr evious sta temen t da te . Wher e an in ter est ra te changes on a da y other than a sta temen t da te the a ver

age daily balance in

ter est calcula tion uses the old r ate f or the period to the da y bef or e the change c omes in to ef fec t and f or the r

emaining period uses

the new r ate . If y ou ha ve an acc oun t with an in troduc tor y or special o ffer , this r ate will be v alid f or

the period specified in

the terms o f the o ffer . If y ou br eak c ondition under the cr edit car d A gr eemen t, we ma y r educe or end the term o f the in troduc tor y or special o ffer . If the period o f the special o ffer ends , the in ter est ra te will r ever t to the curr en t r ate for the pr oduc t y ou ha ve opened. 3. 4 Annual P er cen tage R ate o f Char ge (APR). This is the total c ost expr

essed as an annual per

cen tage of the total amoun t of cr edit . The APR is ther e to help you c ompar e dif fer en t of fers. 22. 7% ( Classic C ar d), 19 .2% ( Gold C ar d). This is a r epr esen ta tiv e APR.

The APR and

Total Amoun t P ayable ar e based on the assumption tha t: • A t acc oun t opening y ou mak e a pur chase tha t, together with an y f ee pa yable, totals €1,500 for Classic C ar d or €3,000 for Gold; • The annual f ee (if ther e is one) is trea ted as debited to the acc oun t on the same da y as the P ur chase is debited to the acc oun t; • The P ur

chase balance and an

y annual f ee balance ar e r educed to z er o by 12 equal instalmen ts which together with in ter est ar e paid mon thly ; • Go vernmen

t Stamp Duty (curr

en tly €30 ) is trea ted as debited to the acc oun t on acc oun t opening and a pa ymen t r eceiv ed in to the acc oun t on the same da y to pa y the duty ; • It is assumed tha t no other transac tions tak e place and the P ur chase in ter est ra te r emains unchanged. 3.5 Rela ted c osts. If the cr edit car d is used in w ays other than f or P ur chases (e .g . Adv ances ), this ma y r esult in a higher APR. The abo ve is just an e xample o f the APR tha t c ould be pa yable if the abo ve f ac t scenario applied.

The APR will depend

on the amoun t y ou dr awdown, the length o f time y ou tak e to r epa y amoun ts dr awndown,

the number and

type of transac tions y ou carr y out on y our cr edit car d and the in ter est ra te applicable . In addition, other dr awdown mechanisms ma y r esult in a higher APR. In addition, wher e a v ariable r ate applies , the in ter est pa ymen ts ma y var y fr om time to time and this ma y r esult in y

our APR going up or down.

3.6 An y other c osts deriving fr om the cr edit A gr eemen t. The f ollowing char ges ar e pa yable – Cash Adv anc e – F or each Adv ance (e xcept gambling transac tions ): 1. 5% o f the amoun t o f the Adv ance (or minimum char ge o f €2.54 , no maximum char ge) o f the transac tion v alue . Cash Adv anc e – Outside eur o z one: Administr ation le vy equiv alen t to 2% o f the transac tion v alue plus 1.5 % handling char ge (minimum char ge €2.54 , no maximum char ge) o f the transac tion v alue . Pur chases – Outside eur o z one: Administr ation le vy equiv alen t to 2% o f the transac tion v alue . Go vernmen t Duty pa yable on cr edit car ds: 30 per annum.

You will be char

ged €2.00 each time an additional c opy o f a sta temen t is r equested by y ou. 3.7

Conditions under which

the abo ve c osts can be changed. W e ma y change the r ate(s ) o f in ter est or an y f ee or char ge a t an y time ( and ma y in troduce a new f ee or char ge) on giving y ou a t least 60 da ys’

notice in writing or by email bef

or e the change tak es ef fec t. Y ou ma y close the acc oun t and a

void being char

ged an y incr eased r ate o f in ter est, fee or char ge pr ovided y our in ten tion to close the acc oun t is notified to us within 60 da ys o f the da te o f the notice pr ovided to y ou. 3.8 Costs in the case of la te pa ymen ts. Missing pa ymen ts c ould ha ve se ver e c onsequences f or you (e .g . for

ced sale) and mak

e obtaining cr edit mor e dif ficult . Wher e missed or la te pa ymen ts r esult in outstanding acc oun t balances not being r educed as e xpec ted, the applicable borr owing r ate(s ) detailed abo ve will c on tinue to be char

ged although Special O

ffer r educed r ates ma y be ended and the curr en t v ariable r ate char ged.

You will be char

ged –

€8.50

for each mon

thly sta temen t period if the acc oun t is o ver the cr edit limit at an y time during tha t sta temen t period. €8.50

for each mon

thly sta temen t period if y ou f ail to pa y the minimum pa ymen t on time during tha t sta temen t period. €7.00 each time a pa ymen t is r eturned f or w an t o f funds. All o f these char

ges will be applied

to y our acc oun t. You can a void these char ges by oper ating y our cr edit car d within y our cr edit car d limit

and making minimum

pa ymen ts on time . 3.9 Consequences of missing pa ymen ts. If y ou miss making pa ymen ts on the due da tes f or pa ymen t, this c ould ha ve se ver e c onsequences including af fec ting y our cr edit ra ting and ther ef or e mak e obtaining cr edit mor e dif ficult . If y ou f ail to r epa we ma y obtain a c our t judgmen t. W e ma y be able to apply to the c our t f or a char ging or der on an tha t y ou own to enf or ce the judgmen t if y ou do not pa y. A char ging or der on the pr oper ty normally means on its sale, wha t is owed must be paid out o f sales pr oceeds but enf or cemen t c ould lead to steps being possess y our pr oper

ty and its subsequen

t sale to pa y wha t y ou owe . 4. Other impor tan t leg al aspec ts 4.1 Righ t o f withdr aw al. You ha ve the righ t to cancel this cr edit A gr eemen t

within a period of 14 calendar da

ys. You ha ve the righ t to withdr aw fr om the cr edit car d agr eemen t within a period o f 14 calendar da on the la test o f: a) the da y af ter the cr edit car d agr eemen t is made; and b) the da y af ter y ou r eceiv e a c opy o f the cr edit car d agr eemen t. The cr edit car d agr eemen t consists of the cr edit car d applica tion form, the cr edit car d c onditions the car d carrier which is sen t with the cr edit car d to you. 4.2 Early r epa ymen t. You ha ve the righ t to r epa y all or par t of the cr edit early a t an y time . You ha ve the righ t to r epa y the cr edit early a t an

y time in full or par

tially . 4.3 Consulta tion with a Cr edit R ef er ence A gency . The cr editor must inf

orm you immedia

tely and without char ge of the r esult of a c onsulta tion with a cr edit ref er

ence agency if your cr

edit applica tion is r ejec ted on

the basis of such a c

onsulta tion. This does not apply if the pr

ovision of such inf

orma tion is pr ohibited by Eur opean C ommunity la w or is c on trar y to the objec

tives of public policy or public security

. Unless we ha ve good r eason pr even ting disclosur e, f or e xample wher e disclosur e is legally pr ohibited, inf orm y ou immedia

tely and without

char ge o f the r esult o f a c onsulta tion with a cr edit ref er ence agency if your cr edit applica tion is r ejec ted on the basis o f such a c onsulta tion. If this happens y ou will be pr details o f the cr edit ref er ence agency c onsulted. 4. 4 Righ t to a dr af t cr edit A gr eemen t. You ha ve the righ t upon r equest to obtain a c opy o f the dr af t cr edit car d agr eemen t fr ee o f char ar e un willing to en ter in to the cr edit car d agr eemen t with y ou a t the time y ou ask f or it . 5. Additional inf orma tion in the case of distanc e mark eting of financial ser vic es (a ) conc erning the cr edit or 5.1 Name Addr ess Registr ation Ulster Bank Ir eland Limited. A priv ate c ompan y limited by shar es , tr ading as U lster Bank, U lster Bank Gr Banc U ladh. R egister ed in R epublic o f Ir eland No 257 66 . R egister ed O ffice: U lster Bank Gr oup C en Qua y, Dublin 2. 5.2 The super visor y authority . W e ar e r egula ted by the C en tral Bank o f Ir eland. (b) conc erning the cr edit A gr eemen t 5.3 Ex er cise o f righ t o f withdr aw al. You ha ve the righ t to withdr aw fr om the cr edit Agr eemen t within a period of 14 calendar da ys fr om the time set out under the righ t of withdr aw al heading under par agr aph 4 abo ve .

You can cancel

the cr edit car d agr eemen t by pr

oviding written notice o

f cancella tion to us a t our addr shown a t the top o f this SEC CI within

the period set

out in par agr aph 4 abo ve . If y ou do not ex er to withdr aw fr om the cr edit car d agr eemen t, the agr eemen t will c on tinue to apply . Your righ t o f withdr go verned by the cr edit car d agr eemen t. 5.4 The law tak en by the cr editor as a basis f or the establishmen t o f r ela tions with y ou bef or e the conclusion o f the cr edit A gr eemen t. The law s o f Ir eland. 5.5

The law applicable

to the cr edit agr eemen t and/ or the c ompeten t c our t. The cr edit car d agr eemen t, car d carrier and r ela ted c onditions o f use ar e go verned by the law s o each submit to the jurisdic tion o f the Irish c our ts to settle an

y disputes between us.

The car d must in Ir eland or abr oad in viola tion o f an y law . The car dholder will be r esponsible f or an y infringemen 5.6 Language to be used in c onnec tion with the cr edit Agr eemen t.

English will be used in all ma

tters r ela ting to the A gr eemen t and the inf orma tion and c on trac tual supplied in English. W e in tend to c ommunica te in English during the dur ation o f the Cr edit C ar d A (c) conc erning redr ess 5.7 Access to out -o f-c our t c omplain t and r edr ess mechanism. If y ou ar

e unhappy with our ser

vice f or an y r eason, or ha ve cause f or c omplain t, y ou should c on tac The Manager , U lster Bank C ar ds , P O Bo x 4015 Dublin 2. W e ar e a member o f the F inancial Ser vices Ombudsman. If y ou ar e not sa tisfied af ter f ollowing our pr ocedur e y ou ma y wish to r ef er y our c omplain t to the F Ser

vices Ombudsman Bur

eau, 3rd Floor , Linc oln Place, Dublin 2. L o C all: 1890 8 20 90 , Telephone +

Email enquiries should be sen

t to enquiries@financialombudsman.ie . This is the end o f the Standar d Eur opean C onsumer Cr edit Inf orma tion documen t – ther e f ollow page, a separ ate documen t en titled “Y our Cr edit C ar d E xplained” setting out additional inf orma tion r the cr edit car d.

1

Credit Card Agreement This is a Credit Agreement between Ulster Bank Ireland Limited, Ulster Bank Cards, PO Box 4015, Dublin 2, and the Principal Cardholder. Conditions of Use

These Conditions of Use apply to the use of any Card issued and supplied by the Bank to You (the “Principal Cardholder”) or at Your request to any other person authorised by You to receive such a Card from time to time in respect of Your Account (the “Additional Cardholder”). The Credit Agreement between the Bank and You consists of the Card application form completed by You and the card carrier with which Your Card is sent to You, in addition to these Conditions of Use (the “Credit Agreement”). Use by You of the Card issued to You pursuant to the Credit Agreement will constitute acceptance by You of all of the terms and conditions of the Credit Agreement. The Payment Service and the type of credit provided pursuant to these Conditions of Use is a credit card enabling You to pay for goods and services and withdraw cash using the Card up to your Credit Limit.

Please note if you miss one or more monthly payments, this could affect Your credit rating and, therefore, make obtaining credit more difficult. If You fail to repay what is owed, the Bank may obtain a court judgment. The Bank may be able to apply to the court for a charging order on any property that You own to enforce the judgment if You do not pay. A charging order on the property normally means that on its sale, what is owed must be paid out of the sales proceeds, but enforcement could lead to steps being taken to possess your property, and its subsequent sale to pay what you owe.

1. Definitions In these Conditions of Use:

“Account” means an Account which the Bank will open and maintain for You in respect of which a Card or Cards may be issued;

“Additional Cards” means all Cards issued on an Account to Additional Cardholders; “Advance” means each of the following:

a cash withdrawal obtained by a Cardholder by the use of a Card;

a Purchase of foreign currency or travellers’ cheques obtained by a Cardholder by the use of a Card;

“Advance Limit” means an amount equal to (a) 50% of Your Credit Limit and (b) the maximum amount of cash advances which may be outstanding on the Account at any one time;

“Agreement” means the Credit Agreement between the Bank and the Principal Cardholder;

“Average Daily Balance” means the average balance of Purchases, Advances, Balance Transfers, Transactions, interest, charges and fees (excluding default fees) over the statement month;

“Balance Transfer” means a transfer to Your Account of an amount owed to another financial institution which the Bank may from time to time allow;

“Bank” means Ulster Bank Ireland Limited, Ulster Bank Cards, PO Box 4015, Dublin 2; “Business Day” means a day other than a Saturday, or Sunday, Irish bank or public holiday where we are open for business as required to process a Transaction; “Card” means any credit card, which may, at the Bank’s discretion, be a Visa card or a MasterCard, issued to the Cardholder and includes any renewal, replacement or Additional Card or Cards;

“Cardholder” means the Principal Cardholder and any Additional Cardholder; “Credit Limit” means the maximum debit balance allowed on an Account. This is the total amount of credit we agree to make available to you;

“EEA” means the EEA Member States together with Norway, Liechtenstein and Iceland; “Minimum Sum” means the greater of €5 or 3% of the outstanding balance; “Password” means a Password chosen by You for use with the Card when making Transactions on the internet;

“Payee” means a person to whom any payments made by You are to be made; “Payer” means the person who requests that the Payment Service Provider make the payment;

“Payment Holiday” means a period when the Bank allows You to miss a payment that is otherwise due;

“Payment Services Directive” means Directive 2007/64/EC of 13 November 2007 on payment services in the internal market;

“Payment Service Provider” means an entity which provides payment services within the definition of the Payment Services Directive, for example a credit institution or a payment institution;

“PIN” means a personal identification number that the Bank issues for use with a Card and which the Bank may change at Your request;

“Purchase” means a Transaction of goods or services obtained by a Cardholder by the use of a Card;

(3)

PERF

PR

E-C

ON

TR

AC

T C

REDI

T I

NF

ORMA

TION (Standar

d Eur

opean C

onsumer Cr

edit

Inf

orma

tion)

1. Con tac t details 1.1 Cr editor Ulster Bank Ir eland Limited Addr ess Ulster Bank Gr oup C en tre, Geor ge’ s Qua y, Dublin 2 2. Ke y f ea tur es of the cr edit pr oduc t 2.1 The type o f cr edit . Cr edit car d f acility fr om our r ange o

f Classic and Gold cr

edit car ds. 2.2 The total amoun t o f cr edit . This means the ceiling or the

total sums made a

vailable under the pr oposed cr edit A gr eemen t or the cr edit limit . If we accept your applica tion, the Cr edit Limit alloca ted to the Cr edit C ar d will be notified to y ou on y our car d

carrier which will be pr

ovided to y ou with y our Cr edit C ar d once it

has been issued.

You ma y r equest a lower limit at an y time . 2.3 The c onditions go verning the dr awdown.

This means how and when you will obtain

the money . If we accept your applica tion: (1 ) y ou will be able to immedia tely transf

er a balance with another cr

edit car d pr ovider to us o f up to 95 % o f the Cr edit Limit alloca ted to y ou; (2 ) a cr edit car d will be issued to y ou and y ou will be r equir ed to sign this C ar d immedia tely on r eceipt o f it; and ( 3) once y ou ha ve ac tiv ated the car d, y ou will be able to carr y out other transac tions (including P ur chases ) within y our Cr edit Limit and Adv ances and Balance Tr ansf ers , pr ovided tha t an y Adv

ances and Balance

Tr ansf ers ar e also within y our Adv ance limit (if an y) which f orms par t o f y our Cr edit Limit . 2. 4 The dur ation o f the cr edit A gr eemen t. Ther e is no fix ed or minimum dur ation. The A gr eemen t will c on tinue un til termina ted by either y ou or us in acc or dance with the c onditions o f the cr edit car d. 2.5 Repa ymen ts and, wher e appr opria te, the or der in which the r epa ymen ts will pa y o ff wha t y ou owe . Each mon th,

the minimum mon

thly pa

ymen

t will be (i)

3% o

f the new balance shown on y

our la test mon thly sta temen t, r ounded down to the near est Eur o; or (ii) €5 , whiche ver is mor e. If

the new balance is less

than

€5

,

you must

pa

y the new balance in full.

When a pa ymen t is used to r educe wha t is owed, the pa ymen t will be applied in the f ollowing or der : – To pa y an y in ter est on amoun ts subjec t to Special O ffers. – To pa y an y other in ter est, an y f

ees and char

ges. – To r epa y amoun ts subjec t to Special O ffers shown on an y sta temen t. – To r epa y all P ur

chases and Balance

Tr ansf ers (e xcept those subjec t to Special O ffers ) shown on an y sta temen t. – To r epa y all Adv ances (e xcept those subjec t to Special O ffers ) shown on an y sta temen t. – To r epa y amoun ts subjec t to Special O ffers not yet shown on an y sta temen t. – To r epa y all P ur

chases and Balance

Tr ansf ers (e xcept amoun ts subjec t to Special O ffers ) not yet shown on an y sta temen t. – To r epa y all Adv ances (e xcept amoun ts subjec t to Special O ffers ) not yet shown on an y sta temen t. If y ou ha ve tak en up an y Special O ffer we ma y decide to r epa y T ransac tions r ela ting to these in a dif fer en t or der . When

this happens we will

tell y ou when we pr ovide details o f the Special O ffer . 2.6 Total Amoun t P ay able . This means the amoun t you ha ve borr owed plus in ter est and an y c osts r ela ted to your borr owing . Total Amoun t P ay able depends on the amoun t y ou borr ow under y our cr edit car d,

the manner in which y

ou use y our car d, the length o f time y ou tak e to r epa y amoun ts owing , the number o f tr ansac tions y ou carr y out and the in ter est applicable to y our car d. By w ay o f e xample, based on

the assumptions set

out in the bullet poin ts below , the total amoun t pa yable by y ou would be €1 ,665 .04 for a Classic C ar d or €3 ,286 .04 for a Gold Car d. Other dr awdown mechanisms to tha t set out below c ould r esult in y ou pa

ying a higher amoun

t.

The APR and

Total Amoun t P ay able ar e based on the assumption tha t: • At acc oun t opening y ou mak e a pur chase tha t, together with an y f ee pa yable, totals €1,500 for Classic C ar d or €3,000 for Gold; • The annual f ee (if ther e is one) is trea ted as debited to the acc oun t on the same da y as the P ur chase is debited to the acc oun t; • The P ur

chase balance and an

y annual f ee balance ar e r educed to z er o by 12 equal instalmen ts which together with in ter est ar e paid mon thly ; • Go vernmen

t Stamp Duty (curr

en tly €30 ) is trea ted as debited to the acc oun t on acc oun t opening and a pa ymen t r eceiv ed in to the acc oun t on the same da y to pa y the duty ; • It is assumed tha t no other transac tions tak e place and the P ur chase in ter est ra te r emains unchanged. 3. Costs of the cr edit 3.1 The borr owing r ate(s ). Ra tes fo r our Classic car d Tr ansac tion Type Mon thly R at e Annual R at e Pur chases f or the first 3 mon ths fr om acc oun t opening . 0.000% ( fix ed ) 0.000 % (fix ed ) Pur chases af ter the first 3 mon ths. 1.385% 17 .9 %(v ariable) Balance Tr ansf ers debited to the acc oun t in the first 12 mon ths fr om acc oun t opening . 0.323% ( fix ed ) 3.9 % (fix ed ) Balance Transf ers debited to acc oun t af ter 12 mon ths fr om acc oun t opening . 1.385% 17 .9 %(v ariable) Adv ances (e .g . cash withdr aw als ). 1.608% 21 .1% (v ariable)

REDI

T C

AR

D E

XPL

AI

NED – ADEQU

AT

E E

XPL

ANA

TIONS

T

PLE

ASE

R

EA

D

t y ou r ead the Standar d Eur opean C onsumer Cr edit Inf orma tion (SEC CI) documen t car efully . The SEC CI giv es k ey details about your cr edit car d agr eemen t. t is in volv ed. ourself the f ollowing questions: t pr oduc t fo r me? edit car d meet m

y needs and cir

cumstances? y agr eemen t will work? d allow s y ou

to buy goods and ser

vices up to the cr edit limit on the cr edit car d. If we accept your applica tion, the cr edit limit alloca ted to the car d will be notified edit car d f or other purposes e .g . to withdr

aw cash (see sec

tion 3 o f the SEC CI f or the Adv ance in ter est ra te and the char ge applicable to each Adv ance). ve to r epa y a t least

the minimum amoun

t each mon th, repa ymen ts ar e fle xible and y ou can pa y mor e or all o f y

our balance whene

ver y

ou wish.

t y

ou mak

e will be used in a specific or

der (See sec

tion 2 o f the SEC CI). cumstances , a cr edit car d ma y be mor e suitable than another pr oduc t (e .g . a loan) if y ou w an t fle

xibility in how much y

ou borr ow and r epa y each mon th. ow o

ver a long period or borr

ow a substan tial amoun t, then a cr edit car d ma y not be appr opria te and a loan ma y be a better option. d is not suitable f or r epa ying mor tgage debt . I h ave to pa y? ou will ha ve to pa y in r ela tion to the cr edit car d can be f ound in sec tions 2 and 3 o f the SEC CI.

This includes details o

f the minimum mon

thly r epa ymen ts , the ter est and v arious f

ees and char

ges tha t will apply . t y ou ar e c onfiden t tha t y ou can af for d to pa y, a t the v er y least,

the minimum mon

thly pa

ymen

t. In

ter

est

will still apply

. happen if I can ’t keep up with my mon thly repa ymen ts? ts c ould ha ve se ver e c onsequences f or y our finances. For e xample, it is v er y lik ely to mak e obtaining cr edit mor e dif ficult in the futur e as we ar e lik ely ymen t to the cr edit ref er

ence agencies and

this will adv

ersely af fec t y our cr edit ra

ting (which most

lenders tak e in to acc oun t when assessing an y tion). epa y wha t is owed on the due da tes f or pa ymen t, we ma y also obtain a c our t judgmen t against you. W e ma y be able to apply to the c our t f or a char ging or der ty tha t y ou own to enf or ce the judgmen t if y ou do not pa y. A char ging or der on a pr oper ty normally means tha

t on its sale wha

t is owed r equir es to be paid out oceeds but enf or cemen t c ould lead to steps being tak en to possess y our pr oper

ty and its subsequen

t sale to pa y wha t y ou owe . ymen ts then y ou will also ha ve to pa y us char ges. Details ar e set out at sec tion 3 o f the SEC CI, under the heading “C osts in the case o f la te pa ymen ts” . ays let us know if y ou ar e ha ving dif ficulty managing y our finances.

You can also seek independen

t financial advice . W e can let you ha ve details o f tha t pr

ovide financial advice f

or fr ee . tion righ ts do I ha ve? ter y ou en ter in to the cr edit car d agr eemen t when y ou ha ve a righ t o f withdr aw al i.e . a righ t to cancel the agr eemen t. Details o f y our righ t to out in sec tion 4 o f the SEC CI. this righ t, y ou must repa y an y balance outstanding on the cr edit car d (e xcluding an y car d f ee debited to the car d acc oun t – an y such car d f ee will be the acc oun t), together with in ter est tha t is added to the balance un til the r epa ymen t is made . Y ou will ha ve 30 calendar da ys to r epa y star ting fr om the da te es of my cr edit car d agr eemen t m ay oper ate significan tly to my disadv an tag e?

the minimum mon

thly r epa ymen t will c ost you mor e o ver all and it will tak e y ou longer to clear

the balance in full.

W e do not rec ommend tha t y ou only e ver pa y epa ymen t amoun t. This is because if y ou only pa y the minimum r epa ymen t amoun t, y ou will be char ged in ter est on the amoun ts which y ou do not repa y. be char ged in ter est on P ur

chases and Balance

Tr

ansf

ers if y

ou r

epa

y the outstanding balance on y

our cr

edit

car

d in full each mon

th.

You will be char

ged in

ter

est

ven if y

ou pa

y the outstanding balance in full each mon

th. the in ter est ra tes tha t apply to y our cr edit car d agr eemen t. This ma y happen, for e xample, on the basis o f our cr edit assessmen t o f y ou. If we incr ease a r ate, f in ter est pa yable by y ou will incr ease . As a r esult ther e will be an adv erse ef fec t on the amoun t o f y

our minimum mon

thly r epa ymen ts. It ma y also c ost you e longer to clear an y balance . W e will giv e y ou adv ance notice o f an y in ter est ra te change and y ou will ha ve the oppor tunity to close y our acc oun t if y ou r epa y to us a t tha t time . ter est ra tes apply to dif fer en t ca tegories o f tr ansac tions. For e xample, the in ter est ra te f or cash adv ances is not the same as the in ter est ra te f or P ur chases. tion 3 o f the SEC CI f or fur ther inf orma tion. When y ou mak e a pa ymen t to y our cr edit car d acc oun t, we will use it to r educe y

our balance in a specific or

der tion 2 o f the SEC CI. Check this car efully if y ou ar e thinking o f using the car d f or dif fer en t ca tegories o f tr ansac tions. mor e inf orma tion or advic e to help me decide? to answer an y questions y ou ma y ha ve about the cr edit car d agr eemen t. You ma y call us on 01 702 5489 . to tak e advice fr om an independen t financial adviser , charity or not -for -pr ofit or ganisa tion. e time to decide? time as y ou wish to think mor e about wha t we ar e o ffering or c ompar e our cr edit car d with other cr edit deals bef or e y

ou decide whether or not

to our cr edit car d A gr eemen t with us. t tha t the terms set out in the SEC CI ar e not binding on us and we ar e fr ee to change or withdr aw our o ffer o f a cr edit car d a t an y time . the L oan A gr eemen t if y ou ar e sur e tha t this pr oduc t is suitable to y

our needs and financial situa

tion.

DON’T

SIGN

AN

YT

H

ING

U

N

LESS

YO

U

AR

E

ABSOL

UT

EL

Y

SU

RE

YO

U

WA

NT

TO

PR

O

CEED

.

A priv ate c ompan y limited by shar es , tr ading as U lster Bank, U lster Bank Gr

oup and Banc U

ladh. R egister ed in R epublic o f Ir eland. R egister ed No . 257 66 . lster Bank Gr oup C en tre, Geor ge’ s Qua y, Dublin 2. A member o f The R oy al Bank o f Sc otland Gr oup Plc . U lster Bank Ir eland Limited is r egula ted by the C en tral Bank o f Ir eland. d.

2

“Recurring Transaction” means when You authorise a third party to make regular debits from Your Account, which payments will be debited to Your Account when the person You have authorised to receive the payment asks the Bank to;

“Royal Bank of Scotland Group” means the companies which form part of The Royal Bank of Scotland Group of companies and which includes the Bank and its subsidiaries; “Schemes” means the card payment Schemes operated by Visa International and MasterCard International;

“Special Offer” means an offer the Bank may make available to all or some Cardholders from time to time;

“Transaction” is any payment made or cash withdrawn by You or an Additional Cardholder using the Card or any Balance Transfer;

“You/Your” means the Principal Cardholder. 2. Issuing of Cards

2.1 All Cards are and remain the property of the Bank. You must immediately return all issued Cards to the Bank or its agents upon request if any of the Conditions in Condition 3.3 apply or if this Agreement is ended in accordance with Condition 23 or if the Card has expired.

3. Use of Your Card and PIN

3.1 You (and any Additional Cardholder) must make sure that:

(a) all Cards are immediately signed on receipt by the appropriate Cardholder and all Cards are kept secure at all times;

(b) the Cardholder memorises the PIN and then immediately destroys the notification slip;

(c) the PIN and any Passwords are not known to any person other than the Cardholder. You must keep your chosen Password secret and take all reasonable precautions to prevent it becoming known to another person and prevent its fraudulent use;

(d) in using the Card the Credit Limit or Advance Limit is not exceeded; (e) Cards are not used before or after the validity period stated on the Card or

after any notification of cancellation or withdrawal of the Card to You by the Bank or its agents;

(f) You notify the Bank immediately in respect of change to a Cardholder’s name, Your current account provider, Your business and home telephone number and Your address to which statements are sent in accordance with Condition 6.2;

(g) Cards are not used to carry out Transactions for illegal purposes; and (h) You must only use Your Card in accordance with these Conditions of Use. 3.2 Subject to applicable law, the Bank reserves the right at all times without

notice to:

(a) refuse to authorise any Purchase, Advance or Balance Transfer under Condition 4.3;

(b) restrict, suspend or defer the credit available on Your Account and/or restrict Your right to drawdown further amounts under the Agreement; (c) reduce Your Credit Limit under Conditions 9.1 and 9.2 or reduce Your

Advance Limit;

(d) refuse to renew or replace any Card without affecting Your obligations under this Agreement which shall remain in force.

3.3 Subject to applicable law, the Bank may cancel, suspend, withdraw or restrict Your Card or PIN in the following circumstances:

(a) if the Bank suspects there may be an unauthorised or fraudulent use of Your Card;

(b) if the Bank suspects Your Card and/or PIN have been lost, stolen, copied, misappropriated and are being used by someone else;

(c) if there is an error or irregularity in the maintenance of the Account or the Bank thinks someone else knows Your PIN;

(d) if the Bank considers that there is a significantly increased risk that You will be unable to repay any credit advanced or to be advanced on it. Once the reasons for the blocking of the use of the Card no longer apply, the Bank will give You a new replacement Card. The Bank will tell You before it takes this action by phoning You at the contact details provided with Your application. If it is not possible to tell You about the blocking of Your Card before the Bank blocks it, the Bank will tell You about it immediately thereafter in the method set out above or by writing to You.

3.4 The Bank may not be able to tell You about the blocking of Your Card in certain circumstances if it would be unlawful for us to do so or if it would impact on the security of the Card.

3.5 Once You have carried out a Transaction using a Card You cannot ask the Bank to stop that Transaction.

11

26. Exclusions

You are not entitled to the protections set at conditions 14.1, 14.2 or 15 of these Conditions of Use or any of the protections provided for under Title III or Title IV of the Payment Services Directive (other than the provisions in relation to credit value and debit value dating in Article 73) as implemented in Ireland under regulations made pursuant to the Payment Services Directive for the following Transactions: (a) Transactions made in a non-EEA currency; and

(b) Transactions made to or from Your Account to any account outside the EEA or a Payment Service Provider outside the EEA.

IMPORTANT INFORMATION

We are required by the Distance Marketing of Financial Services Regulations to provide You with the following information:

Your Right to Cancel

You have a right under the Distance Marketing of Financial Services Regulations to cancel this Agreement once it is made. The period in which You can exercise that cancellation right is 14 days beginning on the day after we have advised You that the Agreement is concluded between us. You can cancel by sending by post WRITTEN notice of cancellation to Ulster Bank Cards, Customer Services, PO Box 4015, Dublin 2 or by telephone 1890 924 257 or Textphone 1890 200 119. If You cancel this Agreement, You will still have to repay any money lent to You. But if You repay all of it within one month after cancellation – You will not have to pay interest or other charges. If You do not exercise this cancellation right, the Agreement entered into between us and You will be binding on You.

By cancelling Your Credit Card Account You will also be cancelling any insurance registered for, which is linked to Your Account. Please note, if You cancel your Card with us after 14 days and You have Card Protection Plan Insurance, You must cancel this directly with Card Protection Plan or the insurance will continue. Complaints

If You are unhappy with our service for any reason, or have cause for complaint, You should contact The Manager, Ulster Bank Cards, PO Box 4015, Dublin 2. We are a member of The Financial Services Ombudsman. If You are not satisfied after following our procedure You may wish to refer Your complaint to The Financial Services Ombudsman Bureau, 3rd Floor, Lincoln House, Lincoln Place, Dublin 2; Lo Call: 1890 88 20 90; Tel: +353 1 6620899; Fax: +353 1 6620890. Email enquiries should be sent to enquiries@financialombudsman.ie

Additional Information

There is a possibility that other taxes or costs may exist that are neither paid nor imposed by Ulster Bank Ireland Limited.

This Agreement and Conditions of Use are governed by the Law of Ireland and are subject to the jurisdiction of the Irish courts. This and other documents relating to this Agreement will be written in English. All further communications both verbal and written will be in English.

Warning: If you do not meet the repayments on your credit card,

your account will go into arrears. This may affect your credit rating.

(4)

3

4. Your Account

4.1 The Bank will debit the amount of each Purchase, Advance and Balance Transfer to Your Account.

4.2 Transactions carried out using the Card will be applied to Your Account on the Business Day on which details of the Transaction are provided to the Bank. 4.3 Any establishment may ask the Bank for authorisation before accepting

payment by Your Card. The Bank may decide not to give its authorisation if: (a) Your Card has been reported as lost or stolen, or the Bank has reason to

believe it is lost or stolen;

(b) You are in serious breach of the terms of this Agreement; or

(c) You would go over Your ‘available credit’ by making the payment on top of all other Transactions we have authorised, including those not yet charged to Your Account. The ‘available credit’ on Your Account will be based on Your Credit Limit, amounts debited to the Account which remain unpaid and payments received from You which are paid into Your Account. The Bank reserves the right not to adjust Your ‘available credit’ by the amount of any payments received until they have cleared.

4.4 Subject to Condition 15, You will have to pay all amounts charged to Your Account, even when the details on the sales voucher are wrong or where no sales voucher is signed, or if a PIN has not been used to authorise the Transaction, if it is clear that You or any Additional Cardholder has authorised the Transaction.

4.5 Subject to the Bank providing You with such notice as is required by law, when the Bank asks You, You must also immediately pay the Bank:

(a) any amount You owe over Your Credit Limit; (b) any unpaid payments from previous statements; (c) any late payment charge shown on Your statement; and (d) the amount of any Transaction that exceeds the Credit Limit or

Advance Limit.

4.6 The Bank will debit to the Account the amount (if any) of any tax duty or other charge levied on the Account by the Revenue Commissioners and which the Bank may pay to the Revenue Commissioners on behalf of the Cardholder. 5. Foreign Currency Transactions

5.1 Outside the euro-zone

The amount of any Purchase or Advance in a currency other than euro outside the euro-zone will be converted into euro at the Bank’s rate of exchange on the date the amount is debited to the Account. The Bank’s rate of exchange is based on the VISA/MasterCard exchange rate (as appropriate). The Bank may vary its exchange rate immediately and without notice at any time. You can obtain details of the Bank’s exchange rates from time to time by phoning 1890 924 257 (or +353 1 702 5244 if calling from abroad) and/or on our website. In addition the rate of exchange shown on Your statement will include an administration levy of 2% as explained in condition 7.7.

5.2 Inside the euro-zone

The amount of any Purchase or Advance between the euro-zone countries will be charged in euro. No administration levy is charged for Transactions undertaken inside the euro-zone.

6. Payment

6.1 You must repay at least the Minimum Sum specified in your current statement each month. Repayment will take place when repayments of at least the Minimum Sum are credited to Your Account and will be applied in the following order towards repayment of:

(a) to pay any interest on amounts subject to Special Offers; (b) to pay any other interest, fees and charges;

(c) to repay amounts subject to Special Offers shown on any statement; (d) to repay all Purchases and Balance Transfers (except those subject to

Special Offers) shown on any statement;

(e) to repay all Advances (except those subject to Special Offers) shown on any statement;

(f) to repay amounts subject to Special Offers not yet shown on any statement;

(g) to repay all Purchases and Balance Transfers (except those subject to Special Offers) not yet shown on any statement; and

(h) to repay all Advances (except those subject to Special Offers) not yet shown on any statement.

If You have taken up any Special Offers, the Bank may decide to repay Transactions relating to these in a different manner. When this happens, the Bank will tell You when it provides details of the Special Offer.

(5)

4

such repayment must reach the Account. Where the outstanding balance is less than €5, the Minimum Sum will be the whole of the outstanding balance. The statement will also detail all Transactions which have been processed on Your Account during the month, a reference enabling You to identify each Transaction and where appropriate the Payer/Payee, any charges for the Transactions, any interest payable, the exchange rate used in any Transaction, and the amount of any Transaction after any currency conversion and the debit value date or the credit value date. If You wish to query any item on any statement You must contact the Bank immediately.

6.3 The Bank may give You the opportunity from time to time to take a Payment Holiday. During Payment Holidays the Bank will continue to work out and charge interest under Condition 7. The Payment Holiday will not extend beyond the period referred to in Condition 7.2 during which You must repay the outstanding balance in full to avoid paying interest.

6.4 You can repay all amounts due or amounts in excess of the Minimum Sum at any time through any means of payment, including by cash, cheque and electronic funds transfer.

7. Interest

7.1 For any Purchases, Balance Transfers and Advances we will charge interest, from the date the transaction is charged to your account, on the amount of the transaction.

7.2 However, if You repay the new balance shown on Your current monthly statement in full by the payment date shown on the statement which will be 25 days after the statement date and additionally have paid the full balance shown on Your previous monthly statement by the payment date shown on that statement, you will not be liable to pay the interest charged on any new Purchases or Balance Transfers shown on Your current statement. You will be charged interest on Advances even if you pay the outstanding balance in full each month. 7.3 Interest on interest and fees will be charged at the rate applicable for the Transaction

undertaken. Interest on charges will be charged at the rate for Purchases. 7.4 The Bank works out the interest using the interest rate applicable as at the

statement date and calculated on Your Average Daily Balance since the previous statement date.

7.5 Where an interest rate changes on a day other than a statement date the Average Daily Balance interest calculation uses the old rate for the period to the day before the change comes into effect and for the remaining period uses the new rate. 7.6 The APR for the Classic Card is 22.7%; it is 19.2% for the Gold Card. This is

a representative APR. The APR and Total Amount Payable are based on the assumption that:

At account opening you make a purchase that, together with any fee payable, totals €1,500 for Classic Card or €3,000 for Gold;

The annual fee (if there is one) is treated as debited to the account on the same day as the Purchase is debited to the account;

The Purchase balance and any annual fee balance are reduced to zero by 12 equal instalments which together with interest are paid monthly;

Government Stamp Duty (currently €30) is treated as debited to the account on account opening and a payment received into the account on the same day to pay the duty;

It is assumed that no other transactions take place and the Purchase interest rate remains unchanged.

The total amount You will have to pay depends on the amount You borrow under Your Card, the manner in which you use Your Card, the length of time You take to repay amounts owing, the number of Transactions You carry out and the interest applicable to Your Card. By way of example, based on the assumptions set out in the bullet points above, the total amount payable by You would be €1,665.04 for a Classic Card or €3,286.04 for a Gold Card. Other drawdown mechanisms to that set out above could result in higher APRs and in you paying a higher amount. In calculating the APR and the total amount You will have to pay no account has been taken of the Bank’s right to vary the interest rate, handling charge or annual fee (where applicable) or other charges or to impose new charges. All the charges, including the administration levy and annual fee (where applicable) may be varied on providing sixty days’ notice to You with Your statement, or otherwise in writing by way of notice at our branches and/or advertisement in the national press. The interest rate may be varied if the Bank provides 60 days’ notice to you in writing or by email (see Condition 24). On receipt of any such notification You may terminate the Agreement by serving notice in accordance with Condition 23.

(6)

5

8. Financial Details

8.1 The financial particulars of the cards are detailed below; rates quoted are correct as at 15 September 2014:

Classic Card Rate we charge each month Annual Rate *APR

Balance transfers for the first 12 months from

date Account opened 0.323% (fixed) 3.876% 8.0% (fixed) Balance transfers after the first 12 months

from date Account opened 1.385% (variable) 16.620% 22.7% (variable) Purchases for the first 3 months from date

Account opened 0.000% (fixed) 0.000% 3.8% (fixed) Purchases after the first 3 months from date

Account opened 1.385% (variable) 16.620% 22.7% (variable) For all Advances from date Account opened 1.608% (variable) 19.296% 29.7% (variable) * The APR quoted above is calculated based on a Credit Limit of €1,500 and is inclusive of Government Stamp

Duty (currently €30 per annum).

Gold Card Rate we charge each month Annual Rate *APR

Balance transfers for the first 12 months from

date Account opened 0.323% (fixed) 3.876% 5.9% (fixed) Balance transfers after the first 12 months

from date Account opened 1.313% (variable) 15.756% 19.2% (variable) Purchases for the first 6 months from date

Account opened 0.000% (fixed) 0.000% 1.9% (fixed) Purchases after the first 6 months from date

Account opened 1.313% (variable) 15.756% 19.2% (variable) For all Advances from date Account opened 1.608% (variable) 19.296% 27.2% (variable) * The APR quoted above is calculated based on a Credit Limit of €3,000 and is inclusive of Government

Stamp Duty (currently €30 per annum).

These are representative examples only.

If You have an Account with an introductory or Special Offer, this rate will be valid for the period specified in the terms of the offer. If You break any condition under this Agreement we may reduce or end the term of the introductory or Special Offer. If You break a condition or the period of the Special Offer ends the interest rate will revert to the then current variable rate for the product you have selected.

8.2 Other APRs will be advised in the terms of the introductory offer a copy of which was made available in and detachable from Your original application form. 8.3 We may issue without notice a different type of Card from that requested, or

replace a Card with a different type of Card if:

(a) at any time, You have asked for, or been issued with, any Card which has been issued under this Agreement or any Card which could have been issued under this Agreement which is no longer on offer; or

(b) an organisation has endorsed the type of Card that has been issued, and our arrangements with that organisation have ended or are about to end. 9. Credit Limit/Total Amount of Credit

9.1 The Credit Limit on Your Account will be either the Credit Limit set out in the Card carrier with which Your Card is sent to You or such other Credit Limit as the Bank may notify to You from time to time. Subject to applicable law, the Bank may reduce such Credit Limit from time to time if it has a good reason (for example, if You are in breach of this Agreement or there is a change in how You operate the Account or in Your financial circumstances, giving the Bank reasonable grounds to believe You may have difficulty meeting Your commitments) and will notify You of any such reduction. You may apply for, and the Bank may consider a variation in Your Credit Limit at any time subject to Your circumstances and the Bank’s Conditions at the time of application. 9.2 The available credit on Your Account will be based on:

(a) Your Credit Limit;

(b) amounts debited to Your Account; and

(c) payments received from You which are paid into Your Account as cleared funds.

10. Additional Cards

References

Related documents

Article 12. We offer you the opportunity to have a credit balance on your Card. If an Extra Card has been issued, the credit balance will be allocated to the Main Card. Interest at

If, after you receive your credit card agreement, disclosures and other important account information sent with your credit card, you decide you do not want us to process your

• If you make more than the minimum payment on your credit card bill, your credit card company must apply the excess amount to the balance with the highest interest rate. • There is

SECTION II: RATES, FEES AND PAYMENT INFORMATION OF THE GE CAPITAL RETAIL BANK CREDIT CARD ACCOUNT AGREEMENT Your Interest Rate We use a daily rate to calculate the interest on

In order to allow time for you to receive your credit card agreement and other important information, including disclosure of the rates and fees that apply to your account, we will

I/We acknowledge that the provision and use of the credit card(s) are subject to the terms and conditions of the Credit Cards Cardholder Agreement, Information on your Credit

Depending on your agreement with the credit card issuer, you can settle the whole balance at the end of the credit period without interest charges or settle

Cardholder Agreement for Personal Accounts As an Eastman Credit Union (ECU) member and checking account holder, you may apply for an ATM Card, Visa® Check Card or Visa® Credit