Popular - Personal

Authorization

Valid only for Puerto Rico residents.

Please read through the following information to be sure that you understand and accept all provisions and regulations related to your new Banco Popular Credit Card Account.

Visa NOVEL_SM Affinity
Annual Percentage Rate (APR) for Purchases	Variable APR with a minimum of 10.99%
Other APR's	Cash Advances: Variable APR with a minimum of 19.99% Balance Transfers from other institutions and Convenience Checks: Variable APR with a minimum of 10.99% Penalty Rate: Variable APR with a minimum of 29.99%.¹
Information regarding the variable rate³	Your APR may change each billing period. The APR for purchases, balance transfers from other institutions and convenience checks will be determined by adding the value of the United States Prime Rate published in The Wall Street Journal to a margin of 7.74% up to 20.74%. 2 The APR for cash advances will be determined by adding the Prime Rate to a margin from 14.99% up to 20.74%.² The Penalty Rate will be determined by adding the Prime Rate to a margin of 25.99%2 with a minimum of 29.99%.²
Annual Fee	$0
Additional Card	$0
Grace Period for Purchases	From 25 days
Balance Calculation Method	Average daily balance (including new purchases)
Fee for Cash Advances, Balance Transfers and Convenience Checks	2% of the amount; $2 minimum; $10 maximum
Late Payment Fees	Balance Up to $100 More than $100 up to $250 More than $250	Fee $15 $29 $39
The information on card costs described is correct as of November 12, 2009. This information may have varied after this date. To verify what may have changed in this information call (787) 758-0505 or toll free 1-800-981-9505 or write to the following address: Banco Popular de Puerto Rico Card Products Division (643) PO BOX 363228, San Juan, Puerto Rico 00936-3228

¹The Default Rate will depend on the risk estimated for your account. Your account will be considered in default if the minimum payment for your account is not received on or before the payment due date during two (2) consecutive billing periods; or if you pay after the due date twice within a period of twelve (12) months. As a result, the APR applicable may be increased to an APR equivalent to the Prime Rate added to a margin of up to 25.99%, with a minimum APR of 29.99%.

In addition, your account may be considered in default if the minimum payment of your account is not received on or before the payment due date two (2) times during a twelve (12) month period. As a result, the APR applicable may be increased a maximum of 6%.

Once the account becomes current and six (6) consecutive minimum payments are received on or before the payment due date, the APR will be restored to the current regular rate.

²For each billing period we use the highest Prime Rate published in The Wall Street Journal, within that billing period. The variable rates illustrated are based on a Prime Rate of 3.25% in effect since December 17,2008.

Returned Check Fee: $10