ò After submitting your application, you will be considered for the complete line of NextCard products. (Please review the Terms and Conditions link on the application page. These Terms and Conditions contain important rate and fee information for these products.)
ò Upon approval, you may be given the opportunity to choose from one or more Instant Upgrade packages. Upgrade packages may include a NextCard Visa with a rate as low as 9.99% Ongoing APR or 2.99% Introductory APR. Different upgrade packages may be made available to you after you have been approved.
ò If you are approved for a NextCard and do not choose one of the specific offers presented, we may automatically send you either the product or one of the upgrade packages for which you were originally approved. (Terms and Conditions for these offers are available for your review at the time of the offer.)
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ò Terms for "NextCard Plus" Visa
= Annual Percentage Rate for Purchases =
The Annual Percentage Rate for Purchases and Balance Transfers currently is a fixed rate of 9.99%.
= Other Annual Percentage Rates =
Cash Advance APR: 23.49% Penalty APR: 16.49% for Delinquent Accounts, 20.49% for Very Delinquent Accounts and 23.49% for Seriously Delinquent Accounts.
= Variable Rate Information =
The Annual Percentage Rate and Cash Advance Rate may vary. The variable rate is determined by taking the highest Prime Rate published in the Wall Street Journal on the 1st business day of the calendar month in which the billing cycle begins and adding 14.99% for Cash Advances, 7.99% for Delinquent Accounts, 11.99% for Very Delinquent Accounts and 14.99% for Seriously Delinquent Accounts.*
= Grace Period for Purchases =
Provided that you have paid your previous balance in full by the due date, you will have no less than 25 days to repay your balance for purchases before a Finance Charge will be imposed.
= Annual Fee =
No Annual Fee.
= Method of computing the balance for purchases =
Average Daily Balance (including new purchases).
= Minimum Finance Charge =
$0.50 in any month that a Finance Charge is payable.
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ò Terms for "NextCard Standard" Visa
= Annual Percentage Rate for Purchases =
The Annual Percentage Rate for Purchases and Balance Transfers for the first three billing cycles of your Account (the "Introductory Period") is a fixed rate of 8.99%. Following the Introductory Period, the Annual Percentage Rate may vary and currently is 18.99% and in any event no less than 18.99%.
= Other Annual Percentage Rates =
Cash Advance APR: 24.99% Penalty APR: 21.99% for Very Delinquent Accounts and 27.99% for Seriously Delinquent Accounts, but, in any event not less than 24.99%, 21.99% and 27.99% respectively. For Accounts Delinquent during the Introductory Period the Annual Percentage Rate will be 18.99% and in any event no less than 18.99%.
= Variable Rate Information =
The Annual Percentage Rate and Cash Advance Rate may vary. The rate is determined by taking the highest Prime Rate published in the Wall Street Journal on the 1st business day of the calendar month in which the billing cycle begins and adding 10.49%, 15.99% for Cash Advances, or 12.99% for Very Delinquent Accounts and 18.99% for Seriously Delinquent Accounts. To determine the rate for Accounts Delinquent during the Introductory Period add 10.49% to the applicable Prime Rate.*
= Grace Period for Purchases =
Provided that you have paid your previous balance in full by the due date, you will have no less than 25 days to repay your balance for purchases before a Finance Charge will be imposed.
= Annual Fee No Annual Fee. =
Method of computing the balance for purchases Average Daily Balance (including new purchases)
= Minimum Finance Charge =
$0.50 in any month that a Finance Charge is payable.
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ò Terms for "NextCard Horizon" Visa
= Annual Percentage Rate for Purchases =
The Annual Percentage Rate for Purchases and Balance Transfers is currently a variable rate of 22.99%, and in any event not less than 22.99%.
= Other Annual Percentage Rates =
Cash Advance APR: 24.99%. Penalty APR: 24.99% for Delinquent Accounts or 27.99% for Very Delinquent Accounts, but, in any event not less than 24.99%, 24.99% and 27.99%.
= Variable Rate Information =
The Annual Percentage Rate and Cash Advance Rate may vary. The rate is determined by taking the highest Prime Rate published in the Wall Street Journal on the 1st business day of the calendar month in which the billing cycle begins and adding 14.49%, 15.99% for Cash Advances, or 15.99% for Delinquent Accounts and 18.99% for Very Delinquent Accounts.
= Grace Period for Purchases =
Provided that you have paid your previous balance in full by the due date, you will have no less than 25 days to repay your balance for purchases before a Finance Charge will be imposed.
= Annual Fee =
No Annual Fee.
= Method of computing the balance for purchases =
Average Daily Balance (including new purchases).
= Minimum Finance Charge =
$0.50 in any month that a Finance Charge is payable.
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ò Terms for "NextCard Milestone" Visa
= Annual Percentage Rate =
for Purchases The Annual Percentage Rate for Purchases and Balance Transfers is currently a variable rate of 25.49%.
= Other Annual Percentage Rates =
Cash Advance APR: 25.49% Penalty APR: 27.49% for Delinquent Accounts.
= Variable Rate Information =
The Annual Percentage Rate and Cash Advance Rate may vary. The rate is determined by taking the highest Prime Rate published in the Wall Street Journal on the 1st business day of the calendar month in which the billing cycle begins and adding 16.99%, 16.99% for Cash Advances, and 18.99% for Delinquent Accounts.
= Grace Period for Purchases =
Provided that you have paid your previous balance in full by the due date, you will have no less than 25 days to repay your balance for purchases before a Finance Charge will be imposed.
= Annual Fee =
$89.95. However, this fee is waived if your account remains in good standing. If your Account is in default (your New Balance amount exceeds your Credit Limit; you fail to make payment on your Account by the Payment Due Date; you have a returned check with insufficient funds), the Annual Membership Fee Finance Charge of $89.95 will be charged to your Account beginning in the Billing Cycle your Account defaults and every 12 Billing Cycles thereafter.
= Method of computing the balance for purchases =
Average Daily Balance (including new purchases).
= Minimum Finance Charge =
$0.50 in any month that a Finance Charge is payable.
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ö Terms for "NextCard Summit" Visa
(A Secured Credit Card; credit extended will be secured by funds in a deposit account.)
= Annual Percentage Rate for Purchases =
The Annual Percentage Rate for Purchases and Balance Transfers is currently a variable rate of 23.49%.
= Other Annual Percentage Rates =
Cash Advance APR: 25.49% Penalty APR: 25.49% for Delinquent Accounts.
= Variable Rate Information =
The Annual Percentage Rate and Cash Advance Rate may vary. The rate is determined by taking the highest Prime Rate published in the Wall Street Journal on the 1st business day of the calendar month in which the billing cycle begins and adding 14.99%, 16.99% for Cash Advances, and 16.99% for Delinquent Accounts.
= Grace Period for Purchases =
Provided that you have paid your previous balance in full by the due date, you will have no less than 25 days to repay your balance for purchases before a Finance Charge will be imposed.
= Annual Fee =
$89
= Method of computing the balance for purchases =
Average Daily Balance (including new purchases).
= Minimum Finance Charge =
$0.50 in any month that a Finance Charge is payable.
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*Your Account is Delinquent if payment is received late or the Account goes over limit, Very Delinquent if payment is received late twice in any 6-month period and Seriously Delinquent if you fail to make at least the minimum payment for two consecutive billing cycles. Account Delinquency during the Introductory Period is defined as the Account being late or over limit at any time.
The following fees apply to all accounts:
ö A Late Payment Fee in the amount of $29 will be charged to your Account if payment is not received by the payment due date.
ö An Over Limit Fee in the amount of $29 will be charged to your Account if your account balance exceeds your credit limit.
ö A Transaction Fee for Cash Advances of 3% of the cash advance (minimum $5) will be charged to your Account.
Additional Features:
(Not all features are available for all products.)
ö NextCard offers an optional Rewards Program in which cardholders can earn Rewards Points for their NextCard Visa or MasterCard purchases. The Annual Membership Fee Finance Charge is waived for those cardholders who qualify for an Upgrade Package including a Balance Transfer offer and transfer the required balance at the time of enrollment. Cardholders who do not qualify for an Upgrade Package including a Balance Transfer offer or who choose not to transfer the required amount can elect to enroll in the NextCard Rewards Program by paying the Annual Membership Fee Finance Charge which will post to the Account.
ö NextCard offers an optional PictureCard Program in which cardholders can have a picture placed on their NextCard when their Account is opened. The Account Opening Fee Finance Charge is waived for those cardholders who qualify for an Upgrade package including a Balance Transfer offer and transfer the required balance at the time of enrollment. Cardholders who do not qualify for an Upgrade Package including a Balance Transfer offer or who choose not to transfer the required amount can elect to have a picture placed on their NextCard by paying the Account Opening Fee Finance Charge which will be posted to and added to the balance on your Account.
ö This NextCard Visa will be issued by NextBank, N.A., Phoenix, AZ (the ôissuing bankö). This offer is only available to United States residents with a current domestic street address. The required minimum gross annual income is $15,000. Your initial Credit Line may be up to $20,000, depending upon your credit history and the upgrade you select. The Grace Period for Purchases does not apply to Balance Transfers or Cash Advances. Omission of any application information may be grounds for denial of an account. You agree that from time to time the issuing bank has the right to obtain a current credit report on you at its sole discretion and that the issuing bank has the right from time to time to report to credit reporting agencies its credit experience with you. If you believe that we have reported incorrect information about you to a credit bureau, please contact us at the address given below. Upon request, we will inform you of each consumer reporting agency from which we obtained a consumer report about you. We will review your application and credit history to determine if you qualify for a NextCard Visa. If so, we will determine your credit line.
Balance Transfer Processing:
- We will handle the details of the electronic funds transfer and/or paperwork. After the balance transfer has been processed, your accounts from which a balance is being transferred will show a credit, reducing the amount you owe by the amount you transferred. The available credit on your new NextCard Visa will be reduced by the same amount. The transfer will be posted on your first statement and we will notify you by email when the transfers have occurred. We will not close the accounts from which you transfer a balance. It may take up to two weeks to set up your NextCard Account and process the balance transfers.
Important:
- You should continue to make your minimum monthly payments to your other accounts until the balance transfers post to your NextCard Visa Account.
ö Transferring balances from other accounts to your NextCard Account does not automatically close these accounts; if you wish to close your other accounts, please contact your other credit card company directly. We reserve the right to decline to process any balance transfer request. We will not process a balance transfer request from any other NextBank Account. Balance transfers are contingent upon final approval of your NextCard Visa Account.
ö You agree to be responsible for all charges incurred according to the Account Agreement. You understand that using any card or account number issued in connection with this application constitutes your acceptance of and will be subject to the terms and conditions of the Account Agreement. The Account Agreement will be sent with your card and may be downloaded from the website at the time your application is approved. You understand that your new NextCard Visa account will be with NextBank, NA, Phoenix, AZ. You acknowledge that the terms of your Account are subject to change as provided in the Account Agreement.
This information was current and accurate as of March 1, 2001, but is subject to change after this date. You may contact us for any change after the publication date at the following address:
NextCard
P.O. Box 60610
Phoenix, AZ 85082-0610
=== State Disclosures ===
OHIO
Notice to Ohio Residents:
- The laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
CALIFORNIA
Notice to California Residents:
- If you are a married applicant, you may apply for credit in your own name.
NEW YORK
Notice to New York Residents:
- You may contact the New York State Banking Department (1-800-518-8866) to obtain a comparative listing of credit card rates, fees and grace periods.
WISCONSIN
Married Wisconsin Residents:
- No provision of any marital property agreement, unilateral agreement, or court decree under Wisconsin's Marital Property Act will adversely affect a creditor's interest unless, prior to the time credit is granted, the creditor is furnished a copy of that agreement or decree, or is given complete information about the agreement or decree. Married Wisconsin residents must furnish the name and address of their spouse to: NextCard, P.O. Box 60610, Phoenix, AZ 85082-0610
