A FEW WORDS ABOUT CREDIT...
We would like to help you to begin building your PERSONAL CREDIT HISTORY.
Creating and maintaining a solid personal credit record is a very important part of adult life. And you will find that building a
healthy credit history will become more and more meaningful as your financial needs continue to grow and change. Major credit cards
obtained IN YOUR PARENTS' NAMES won't help - even if you are making the payments! So, if you don't have a major credit card
in your name, this is an especially IMPORTANT OPPORTUNITY.
Some things to consider before APPLYING.
Carrying a credit card is a privilege that you have earned. A major credit card can be very BENEFICIAL to you as a student. You
won't have to worry about carrying cash in your wallet, or being stranded without access to funds. Credit is a CONVENIENCE that,
if managed properly, can become an important part of your student BUDGET. Take the RESPONSIBILITY seriously, and you won't
have any problems.
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BUSINESS REPLY MAIL
FIRST-CLASS MAIL PERMIT N0. 311 WILMINGTON, DE
POSTAGE WILL BE PAID BY ADDRESSEE.
PO BOX 15464
WILMINGTON DE 19885-9440
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tAnnual Percentage Rate (APR) 17.9%, which may vary.
Variable Rate Information The Annual Percentage Rate (APR) may vary. The APR is based upon the highest U.S. Prime Rate as published in The Wall Street Journal plus two margins.
The first margin is 8.9 percentage points. The second margin is either 0 percentage points or 2.0 percentage points based upon your payment history.
Grace Period for Repayment At least 25 days from the statement closing date.
of Balances for Purchases
Method of Computing the Average Daily Balance (including new purchases).
Balance for Purchases
Annual Fee NONE
Transaction Fee for Cash Advances and Fees Transaction fee for Bank & ATM Cash Advances: 2% of each Cash Advance ($2 minimum, $25 maximum); Transaction fee for Preferred Access Checks®
for Late Payment or Exceeding the Credit Limit Cash Advances: 1% of each cash advance ($2 minimum, $10 maximum). Late-payment fee: $15. Over-the-Credit-Limit Fee: $15.
Transaction Fee for Purchases The Transaction Fee for the purchase of wire transfers, money orders, bets, lottery tickets, and casino gaming chips is 2% of each such purchase;
$2 minimum, $25 maximum.
The APR is 9.9% on cash advances through your first six statement closing dates commencing on the month after your account is opened and may vary thereafter (applies to both new and outstanding cash advance balances). The current
indexed rate for cash advances is 17.9%, which may vary. Transaction fees for two specially designated Preferred Access Checks® will be waived.
* Cash advances cannot be used to pay off or pay down another MBNA® account.
* Certain restrictions apply to these and other benefits as outlined in the benefits brochure that accompanies your Preferred Access Checks.
MBNA®, MBNA America® and Preferred Access Checks@ are federally registered service marks of MBNA America Bank, N.A.
MasterCard® is a federally registered service mark of MasterCard International, Inc., used pursuant to license.
Visa® is a federally registered service mark of Visa U.S.A. Inc., used pursuant to license. This information is accurate as of 7/95. For more current information, please call 1-800-847-7378.
©1995 MBNA America Bank, N.A.