First National Bank of Scotia
Credit Cards

MasterCard® Secured
from First National Bank of Scotia

MasterCard® Secured

MasterCard® Secured
from First National Bank of Scotia



Important Disclosures

Competitive Rates

Competitive Rates

Zero Fraud Liability

Zero Fraud Liability

24/7 Customer Service in the U.S.

24/7 Customer Service in the U.S.

Pen & Paper

Interest Rates & Fees Summary

Purchase APR
16.70% (13.45% + prime)†
Annual Fees
$50†
Purchase APRAnnual Fees
16.70% (13.45% + prime)†$50†

Please see Important Disclosures for interest rate, fee, and other information. All terms may be subject to change.

Additional Product Features

  • Online account information

Important Disclosures

MasterCard® Secured

Important Information: As required by law, rates, fees and other costs of this credit card offer are disclosed here. All account terms are governed by the Credit Card Agreement. Account and Agreement terms are not guaranteed for any period of time; all terms, including fees and the APRs for new transactions, may change in accordance with the Agreement and applicable law. We may change them based on information in your credit report, market conditions, business strategies, or for any reason. You should thoroughly review so that you are fully informed about your credit card loan.

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases 16.70%
This APR will vary with the market based on the Prime Rate*
APR for Balance Transfers 16.70%
This APR will vary with the market based on the Prime Rate.*
APR for Cash Advances 16.70%
This APR will vary with the market based on the Prime Rate.*
Penalty APR and When It Applies None
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 you any 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 $0.70
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 at http://www.consumerfinance.gov/learnmore.
Fees
Annual Fee $50.00
Transaction Fees
• Balance Transfer 3.00% of the amount of each transfer ($2.75 minimum).
• Cash Advances 3.00% of the amount of each cash advance ($2.75 minimum).
• Foreign Transaction Up to 1.0% of each transaction in US dollars.
Penalty Fees
• Late Payment Up to $35
• Over-the-Credit Limit None
• Returned Payment Up to $30

*The Prime Rate used to determine your APR is the rate published in the Wall Street Journal. The APR for MasterCard® Secured has a floor APR of 16.70%.

How We Will Calculate Your Balance: We use a method called "Average Daily Balance (including new purchases)." *An explanation of this method is provided in your account agreement.

Credit Disclosures are accurate as of April 30, 2020 and are subject to change. This information may have changed after that date. To find out what may have changed, call us at (518) 370-7200, write us at 1st National Bank of Scotia, 201 Mohawk Avenue, Scotia NY 12302, or visit us at www.firstscotia.com.

You may contact the New York State Banking Department at 1-877-226-5697 or visit www.dfs.ny.gov to obtain a comparative listing of all credit card rates, fees and interest-free periods.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

Military Lending Act: Effective October 1, 2017 Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain applications fees for special credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account).