MB Financial Bank, N.A. Credit Card Application Disclosure
|Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases
0.0% introductory APR for 6 months.
After that, your APR will be 10.15%, 12.15%, 14.15%, or 16.15%,based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers
0.0% introductory APR for 12 months from the account opening date, for balance transfers completed within 4 months from the account opening date. After that, your APR will be 10.15%, 12.15%, 14.15%, or 16.15%, based on your creditworthiness.
These APRs will vary with the market based on the Prime Rate.
APR for Cash Advances
This APR will vary with the market based on the Prime Rate.
Penalty APR and When
This APR may be applied to all MB Account balances and any new MB Account transactions, if you do not pay the full amount of any minimum payment due within 60 days of its payment due date.
How Long Will the Penalty APR Apply? If your APRs are increased for this reason, the Penalty APR will apply indefinitely, unless you make 6 consecutive minimum payments when due.
How to Avoid Paying Interest on Purchases
Your due date is at least 25 days after the close of each billing cycle. We will not charge interest on purchases if you pay your entire balance by the due date each month.
Minimum Interest Charge
If you are charged interest, the charge will be no less than $2.00.
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: http://www.consumerfinance.gov/learnmore.
- Balance Transfer
- Cash Advance
- Foreign Transaction
Either $10 or 4% of the amount of each transfer, whichever is greater.
Either $10 or 4% of the amount of each cash advance, whichever is greater.
3% of the transaction amount in U.S. dollars.
- Late Payment
- Returned Payment
Up to $25
Up to $25
How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).”
Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you do not pay the full amount of any minimum payment due within 60 days of its payment due date.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT: 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 for 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. We may also ask to see your driver's license or other identifying documents.
Credit Reports And Other Information About Your Creditworthiness: By
applying to MB Financial Bank, N.A. (“we,” “us,” and “our”) for a credit card account, each
applicant and co-applicant (individually and together, “you” and “your”) agrees that we may
obtain consumer credit reports about you for purposes of reviewing your application. If we open
a credit card account for you (the “MB Account”), you also agree that we may obtain consumer
credit reports about you in the future for purposes such as reviewing, updating, renewing, and
servicing your MB Account and other purposes permitted by law. We will, if you request, tell
you whether we obtained a credit report about you and tell you the name and address of any
credit reporting agency that provides your credit report to us. You also agree that we may
verify your employment, income, address and all other information about you with creditors,
credit reporting agencies, employers, and other third parties, and through records maintained by
government agencies. You waive any rights of confidentiality you may have in this information,
to the extent permitted under applicable law.
Other Important Terms Of Your Agreement With Us: You understand that we
will rely on the information you provide in your MB Account application. You certify that the
information in your MB Account application is accurate and complete. You will be individually
liable (or, for a joint MB Account, individually and jointly liable) for all amounts, transactions,
fees, and charges contained in the credit card agreement we provide when opening the MB
Account, which may be amended from time to time. You agree to read the agreement carefully
before you use or permit anyone else to use the MB Account. If we intend to deny your
application for the particular credit card account selected in your application, you agree that
we are automatically authorized to consider your eligibility for our other credit card products.
By applying for the MB Account, you certify that you read, understood and agree to the terms,
conditions, and disclosures made in this application.
Applicants under 21 years old must either (1) have a co-applicant who is at least 21 years old
and meets the minimum credit requirements who will also be liable for any debt incurred or (2)
demonstrate an independent ability to pay the debt.
Your Consent For Our Communications With You: By providing a telephone
number for a cellular telephone or other wireless device in your application for the MB Account,
you expressly consent to receiving communications at this number from us and our agents
or designated representatives, regardless of the purpose of the communications and in any
form possible and not expressly prohibited by law (including, but not limited to, prerecorded
or artificial voice message calls, text messages, and calls made by an automatic telephone
dialing system). You agree that this express consent applies to any communication at each
such telephone number that you provide to us, now or in the future. You understand that you
may incur access fees from your cellular provider in connection with these calls and messages.
Notice About Negative Information Furnishing:We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.
Married applicants may apply for separate MB Accounts in their own names.
California Residents:The applicant, if married, may apply for a separate account. If we
approve an application for the MB Account, each applicant shall have the right to use the
account to the extent of its assigned credit limits and each applicant may be liable for all of the
credit we extend under the MB Account to each joint applicant.
New York Residents:New York residents may contact the New York State Banking
1-877-226-5697 to obtain a comparative listing of credit card rates, fees,
and grace periods.
Ohio Residents:The Ohio 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.
Notice to Married Wisconsin Residents: No provision of any marital property agreement,
unilateral statement, or court decree adversely affects our interests or rights unless, before we
grant credit or enter into an open-end credit plan, we are furnished with a copy of the agreement,
statement, or decree, or have actual knowledge of the adverse provision. Married Wisconsin
residents who apply for credit separately must notify us, in writing, of the
name and address of their spouse, at the following address: MB Financial
Bank, N.A., 6111 North River Road, Attention Credit Card Services, Rosemont,
Balance Transfers:A “Balance Transfer” is a balance we allow you to transfer to your
MB Account from an account you owe to another financial institution or creditor. To complete
a Balance Transfer, there must be enough credit available in your MB Account for the Balance
Transfer and you must use a written, electronic or telephonic method or device that we
approved for this purpose. All Balance Transfers are subject to our approval. We will not
process Balance Transfer requests we consider incomplete or illegible. We will not process
requests for a Balance Transfer payable directly to you, to us, or to any of our affiliates. We
are not liable to you if we do not process part or all of any Balance Transfer you request.
We may make Balance Transfers in any order we choose. We may also limit the amount of
Balance Transfers to your MB Account, to an amount that is less than the total credit limit of
your MB Account. If we do not approve the full amount of any Balance Transfer you request,
we may process part or none of the Balance Transfer amount you requested. Do not request
a Balance Transfer for any amount that is or may be subject to a dispute between you and
any other financial institution or creditor. After you request a Balance Transfer, you should
still monitor and pay at least the minimum amount due on your other account, until the
other institution sends an account statement to you showing that you are no longer required
to make any account payment. You are liable to your other financial institutions for any
fees, charges, and amounts due under their credit agreements with you, including any late
payment fees and finance charges you may owe if a Balance Transfer or any other payment
is not completed in the time and manner required by the other institution. We will not instruct
any other financial institution to close their account with you after we process a Balance
Transfer. If you want to close your account with another institution after we process a Balance
Transfer, you must instruct the other institution to do so.
Rewards Program Rules:We will award one point for each dollar on net purchases
(purchases minus returns/credits) charged to an MB Account during each billing cycle. There
is no limit to the number of points you can earn with an MB Account. Points will not
be awarded to an MB Account for net purchases during a billing cycle if your MB Account
is not open and current on the billing cycle closing date. Points will not be awarded for
transactions other than purchases made with your MB Account, (such as cash advances,
balance transfers, or special offers) as defined in the Cardmember Agreement. Points will be
awarded to your MB Account and may be redeemed by registering online with our service
provider. You can redeem points for round-trip airfare, cash, gift certificates, merchandise,
bank products and more. Complete terms and conditions for your MB Account Rewards
Program will be provided to you at the end of your first billing cycle. Service provided by
Augeo Affinity Marketing.
Complete terms and conditions for the MasterCard Platinum Card Guide to Benefits will be
provided to you in your card fulfillment packet.
The creditor and issuer is MB Financial Bank, N.A.