Fidelity One Secured Credit Card and Revolving Line of Credit

We reserve the right to change the account terms (including APRs) at any time, in addition to APR increases that may occur for failure to comply with the terms of your account.  For example, we may change the terms if we do not receive any payment when due that is owed on your account, or if you make a payment to us that is not honored by your bank.  The APRs for this offer are not guaranteed; APRs may change to higher APRs, fixed APRs may change to variable APRs, or variable APRs may change to fixed APRs.  See Credit Agreement for full details.  A Credit Agreement along with the rates, fees, and terms of your account will be made available to you immediately upon approval of your credit application.

Finance Charges: Your Account will also be subject to the following Finance Charges, each of which will be billed to your Account: Periodic Finance Charges: Finance Charges are imposed whenever you obtain a cash advance, incur fees, or when a purchase is posted to your Account.  Finance Charges are imposed from the time a purchase, cash advance, or fee is posted, until it is paid in full.

Cash Advance Rate Information:  The Cash Advance fee varies by state, minimum 2% per month per month.  The actual rate, monthly payment amount, and terms of your account will be explained to you by a credit specialist prior to funding, and will not be applied without your express written consent.

Default APR Information: If you fail to make the minimum payment when due, or if your payment is returned by your bank or financial institution for any reason, or if your account goes into default for any other reason, your Annual Percentage Rate may be increased up to 9.9% above your current APR rate.  If we increase your APR for this reason, we may return you to a lower APR if you make at least the minimum payment on time for six consecutive billing periods and you are not in default in any other way.  If you have an introductory APR that has expired, we will not return you to that APR.

Other Reasons Your Terms Could Change: We reserve the right to change the terms of your account, including APRs and fees, at any time for other reasons, including changes to competitive or general economic conditions.  If we change your terms for reasons other than when you paid late or go into default as described above, we will notify you in writing.

How Your Credit History Could Affect Your APR: We do not engage in a practice known as “universal default.”  Universal default permits a credit company to increase your APR to the Default APR solely because you fail to make a payment on a loan with another lender or your credit history contains negative information. 

Computing Periodic Finance Charges: The Finance Charge is determined by multiplying the "Average Daily Balance" for purchases and cash advances outstanding during the monthly billing cycle by the daily "Periodic Rate." The daily "Periodic Rate" for purchases is .05528%, which is equivalent to an Annual Percentage Rate of 19.9%. The daily "Periodic Rate" for cash advances is determined by dividing the "Monthly Percentage Rate" by 30.  The term "Cash Advance" means any cash advance obtained through a Fidelity One Secured Credit Card or Revolving Line of Credit account or through any participating affiliated automatic teller machine ("ATM") or any financial institution or other establishment authorized to process or grant cash advances and also includes, for purposes of computation of finance charges, fees incurred on your account that are not paid in full, Convenience Checks, and all other cash-equivalent transactions including, but not limited to, Balance Transfers, electronic funds or wire transfer orders, and other transactions with cash-equivalent merchants. The "Average Daily Balance" is computed by taking the beginning balance of your Account on each day, calculated separately for purchases and cash advances, adding new purchases, fees, and/or cash advances and subtracting any payments or credits to get each day's daily balance. The daily balances are then added together and divided by the number of days in the billing cycle to get the "Average Daily Balance." The minimum Finance Charge is $1 for each billing cycle during which a Finance Charge based upon a periodic rate is imposed.

Account Set-Up Fee: We impose a one-time Account Set-Up Fee of $29 as a condition of extending credit to you.  The Account Set-Up Fee is a FINANCE CHARGE.

Cash Advance Fee: In addition to the monthly calculation of the cash advance FINANCE CHARGE, there is an additional Finance Charge of the greater of $5 or 3% of the amount of the cash advance for each cash advance obtained.

Annual Fee: We impose an Annual Fee as a condition of extending credit to you when your account is opened and annually thereafter on approximately the anniversary date of your account.  The amount of the annual fee is based upon the amount of your credit limit and is $30 for credit limits of $1 up to $999, $60 for credit limits of $1,000 up to $1,499, $90 for credit limits of $1,500 up to $1,999, $120 for credit limits of $2,000 up to $2,499, $150 for credit limits of $2,500 up to $2,999, and $180 for credit limits of $3,000 and over.  The Annual Fee is a FINANCE CHARGE.

Late Payment Fee: If we do not receive a payment from you in at least the amount of the Minimum Payment by the Payment Due Date shown on your Monthly Billing Statement, you will be charged a Late Payment Fee of $25.00.  We may also refer to this fee as the late fee or late charge.

Overlimit Fee: If at any time during a Billing Cycle your Account balance exceeds your Credit Limit, even if only for a day, you will be charged an Overlimit Fee of $29.00.  We will not charge more than one Overlimit Fee for any Billing Cycle.  However, we may charge an Overlimit Fee in subsequent Billing Cycles, even if no new transactions are made on your Account, if your Account balance remains over your Credit Limit at any time during such Billing cycle.  The charging of an Overlimit Fee shall not create any right on your part to exceed your Credit Limit or constitute a waiver by us of any rights upon your default.

Returned Payment Fee: If you make a payment on your Account and your check or other payment instrument (including an electronic funds transfer or a telephone authorized draft) is not honored for any reason or cannot be processed, we will charge a Returned Payment Fee of $39.00.

Credit Limit Increase Fee: Each time your request for a credit limit increase is approved, a Credit Limit Increase Fee of $29.00 will be charged to your account.  This fee is a Finance Charge.

Future Credit Limit Increases: You will be eligible for consideration of a credit limit increase after six months.  You may call us anytime after the initial six-month period to request an increase.  We may review your vehicle value and credit history to determine if we should increase your Credit Limit, or to set the level of increase, if any.

Express Delivery Fee: We impose a $25.00 fee for the express delivery of your Card(s) or documents sent Priority 2-day airmail.

Auto Draft Charge: We impose a $2.95 charge for each payment you make using our recurring auto draft payment (ACH) service.

Account Servicing Fee: We charge an Account Servicing Fee of 0.4% of the Principal Balance of your account as of the Billing Cycle Closing Date, billed to your account monthly for the maintenance and servicing of your account, minimum $3, maximum $10 charge.  There is no charge if you have a zero balance.

Lien Registration Fee: We will bill your account for the fee charged to us for recording a security interest in your vehicle.

Uninsured Auto Fee: In the event that you do not provide us with proof of full-coverage auto insurance, or your auto insurance is discontinued for any reason, you will be charged an Uninsured Auto Fee equal to 1.4% of the Principal Balance of your account, billed to your account monthly until proof of full-coverage insurance is provided to us. This is a fee, not an insurance premium or payment to purchase insurance. Any and all payments received from this fee do not go towards insuring your vehicle.

Miscellaneous Other Fees: $29 Wire Transfer Fee each time you request funds transferred by wire; $29 Additional Card Fee each time you request an additional or replacement card; $39 Stop Payment Fee each time you instruct us to stop a payment or electronic funds transfer; $9 Pay by Phone Fee each time you make a payment by phone; $9 Duplicate Statement Fee each time you request a duplicate statement mailed to you; $9 Due Date Change Fee each time your request for a change in your payment due date is approved.

Available Credit and Cash Advance Limitations: The following fees will be billed to your first statement: Account Set-Up Fee, Annual Fee, and Lien Registration Fee, along with possible other fees such as an Additional Card Fee, Cash Advance Fee, Account Servicing Fee, and Miscellaneous Other Fees listed above (if applicable).  These fees will reduce your available credit until they are paid.

Eligibility Requirements: You must be a U.S. Resident (except U.S. Territories and APO/ FPO addresses), 18 or older, own a vehicle that is paid off or almost paid off, have a valid social security number, and not have an open or unpaid Fidelity One account or pending application. Applications must be fully completed and submitted. Application information must be verifiable and without fraud or other risk alerts. Business accounts are not eligible.

Authorization: You certify that all information given in your application is true and correct and you are giving this information in order to obtain credit, and authorize Fidelity One to obtain information concerning any statements provided in your application. You agree to furnish Fidelity One with all requested information. You agree to grant Fidelity One a security interest in your vehicle for the purpose of securing all sums due under the Credit Agreement and terms of your account. You acknowledge that you have read the Arbitration provision below, and if your application for a Fidelity One account is approved, you authorize Fidelity One to charge the Account Set-Up Fee, Annual Fee, and Lien Registration Fee, along with possible other fees such as an Additional Card Fee, Cash Advance Fee, Account Servicing Fee, and Miscellaneous Other Fees (if applicable) to your Account.

Arbitration: By applying for or obtaining a Fidelity One account, you agree that you will first attempt to resolve any disputes directly with us and that if we are unsuccessful in resolving the dispute for any reason, the dispute will be resolved exclusively by binding arbitration governed by the Federal Arbitration Act and Utah law. This means you are waiving the right to jury trial, to discovery and other procedures available in court, and to be a class representative or participate in a class action lawsuit.  When you review the Credit Agreement you should read the arbitration provision in your agreement carefully and not accept or use the account unless you agree to be bound by the arbitration provision. 

Privacy Policy: Our Privacy Policy explains that we may share your nonpublic personal information as described in the Policy.  The Privacy Policy also explains how you can exercise your privacy rights by electing to opt out of certain information sharing.  Please review our Privacy Policy for more details.

Disclosures:

Refund Disclosure: Your Annual, Account Set-Up, Account Servicing, and Additional Card Fees are membership fees for truth in lending purposes.  If you elect to close your Account(s) within 30 days from the date your account is opened, you may return the card along with any cash advance or purchase amounts to us and all interest and fees paid will be refunded to you.  After this 30-day period these fees are no longer refundable and you are responsible for the account and payment of all fees and charges on the account.

Lien Disclosure: You will be granting Fidelity One a security interest in your vehicle for the purpose of securing all sums due under the Credit Agreement and terms of your account.

Information Disclosure: The following describes your agreement with us with respect to information sharing. By requesting, obtaining, or using a credit card/ revolving line of credit from us you agree that we may release information in our records regarding you and your Account: (a) to comply with any properly served subpoena or similar request issued by a state or federal agency or court; (b) to share your credit performance with credit reporting agencies; (c) to provide information on your Account to any third party who we believe is conducting an inquiry in accordance with the Federal Fair Credit Reporting Act; (d) to share information with our employees, agents or representatives performing work for Fidelity One in connection with your Account; or (e) to communicate information as to our transactions or experiences with you to persons or entities related by common ownership or affiliated by the corporate control or with any third party affiliates. We may also share information such as (1) information other than our own transactions with you with persons or entities related to Fidelity One by common ownership or corporate control; or (2) information about you with certain affiliated companies to provide or offer you selected products, services, or cardholder benefits. You may direct us not to share one or both of these.   If this is your request, call 1-888-245-1190 or submit your request in writing to Fidelity One Credit, Corp., 3214 N. University Ave #450, Provo, Utah 84604. Be sure to include your name, address and Credit Account Number. You may receive a copy of our information on your Account by writing or calling us at the address or telephone number listed above. By requesting or obtaining a credit card/ revolving line of credit, you authorize us to check your credit history. You authorize your employer, bank and any other references listed to release and/or verify information to us and our affiliates in order to determine your eligibility for the credit card/ revolving line of credit and any renewal or future extension of credit. If you ask, you will be told whether or not consumer reports on you were requested and the names of the credit bureaus, with their addresses, that provided the reports. If you designate an authorized user to use your card/ revolving line of credit, you understand that Account information may also be reported to credit bureaus in the authorized user's name.

Notices:

By responding to this offer you are requesting a Fidelity One credit account.  Fidelity One, at its sole discretion and option, may approve you for a Fidelity One Secured Credit Card or Revolving Line of Credit, or none at all.

By responding to this offer you are authorizing us to obtain credit reports about you, both now and in the future, for any legitimate business purpose associated with the account or request for an account, including but not limited to reviewing, modifying, renewing or collection on your account.

By responding to this offer you agree to be personally responsible for payment of all balances incurred on all credit card and revolving line of credit accounts issued to you or to authorized users designated by you pursuant to this offer now or whenever such additional accounts may be established in the future.

Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy 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.

Kentucky Residents: You may pay the unpaid balance of your account in whole or in part at any time.

New York and Vermont Residents: Fidelity One may obtain at any time your credit reports for any legitimate purpose associated with the account or the application or request for an account, including but not limited to reviewing, modifying, renewing, and collecting on your account.  On your request, you will be informed if such a report was ordered.  If so, you will be given the name and address of the consumer reporting agency furnishing the report.  New York residents may contact the New York State Banking Department (1-800-518-8866) for a comparative list of credit card fees, rates and grace periods.

California Residents: A married applicant may apply for a separate account. As required by law, you are hereby notified that a negative credit reporting reflecting on your credit record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit obligations. After credit approval, each applicant shall have the right to use the credit card or revolving line of credit account up to the limit of the account. Each applicant may be liable for amounts extended under the plan to any joint applicant.

Married Wisconsin Residents: No provision of any marital property agreement, unilateral statement, or court order applying to marital property will adversely affect a creditor’s interests unless prior to the time credit is granted, the creditor is furnished with a copy of the agreement, statement or court order, or has actual knowledge of the provision.

Delaware Residents: Service charges not in excess of those permitted by law will be charged on the outstanding balances from month to month.

US Patriot Act: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.  What this means to you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.