FGB Secured Credit Card
Secure your future with a FGB Visa® Secured Credit Card. This card looks and works like any other credit card; it may also help establish and strengthen your credit. You get to set your own credit limit with a refundable security deposit while all account activity is reported to the major credit bureaus on a monthly basis.
Summary of Terms
| Interest Rates and Interest Charges |
|
|---|---|
| Annual Percentage Rate (APR) for Purchases | FGB Visa® Secured Credit Card 18.00% Fixed. |
| APR for Balance Transfers | Not available on FGB Visa® Secured Credit Card |
| APR for Cash Advances | 18.00% Fixed. |
| How to Avoid Paying Interest on Purchases | Your due date is at least 25 days after close of each billing cycle. We will not charge you interest on purchases if you pay entire balance by the due date of each month. We will begin charging interest on cash advances on the posting date. |
| For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore |
| Fees |
|
|---|---|
| Annual Fee | $12 |
Transaction Fees
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Penalty fees
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| Other Fees | |
| Card Replacement | $5 |
| Emergency Card (FedEx) | $25 |
When you use the FGB Visa® Secured Credit Card for purchases of goods or services, the following benefits are yours!
Travel Accident Insurance
You, your spouse and dependent children up to age 19 (age 25 if a full-time student at any institute of higher learning) are automatically covered with common carrier travel accident insurance every time you travel by air, bus, train, ship, taxi, or any other common carrier anywhere in the world when you charge your entire fare to our card. This coverage is provided to you at no extra cost.
(See Travel Accident Insurance Brochure for more information.)
How we will calculate your balance: We use a method called “average daily balance (including new purchases)’’. See your account agreement for further information regarding how we calculate you balance.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
Purchase APR: Your purchase rate is 18.00%. The daily periodic rate of FINANCE CHARGES is 1/365th of the APR or 0.04932%.
Cash APR: Your Cash rate is 18.00%. The daily periodic rate of FINANCE CHARGES is 1/365th of the APR or 0.04932%.
Military Lending APR: Effective October 1, 2017, Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or account); and any participation fee charged (other than certain participation fees for a credit card account).
To receive a First Guaranty Bank Secured Credit Card account we will open a Collateral Account on your behalf which DOES NOT PAY INTEREST. You may not make electronic transfers to or from the Collateral Account. The Collateral Account is maintained by First Guaranty Bank. The owners of the Collateral Account are identical to the Cardholders on the Secured Credit Card account. Your Collateral Account will be opened when your security deposit is received. You agree to be bound by the terms and conditions of the security agreement.
You will receive a credit card agreement with your card(s). The credit card agreement becomes effective and you agree to its terms by either using your Secured Card account or by not closing your secured card account.
Information contained in this First Guaranty Bank Disclosure is accurate as of 11/25/2019 and is subject to change thereafter.
To obtain more recent information, please call us at 1-888-375-3093.