Requirements
Authorization of your father, mother or legal guardian if you are under 21 years of age.
Must be a student for an associate degree, bachelor or master from a university licensed by Puerto Rico Higher Education Council or by the Council for Higher Education Accreditation (for universities outside Puerto Rico).
Must present the following documents:
- Copy of class schedule; or
- Copy of University ID (with a valid date); or
- Copy of the letter of admission (if it is your first year of college).
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. If you agree with the information presented, click on "I ACCEPT" below the information window.
Annual Percentage Rate (APR) for Purchases |
13.99% |
Annual Fee |
$0 |
Other APR's |
Cash Advances: 19.99%
Balance Transfers from other institutions and Convenience Checks: 13.99%
Penalty Rate: Up to 27.99%*
|
Grace Period for Purchases |
27 to 32 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 Fee |
Balance
Up to $100
More than $100 up to $500
More than $500 |
|
The information on card costs described in this booklet is correct as of March 15, 2005. 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 |
* The penalty rate applies to all existing balances. The regular rate can be increased up to 27.99% APR if one of the following conditions occurs:
- If the minimum payment of your account is not received during two (2) consecutive billing periods; or
- If you pay twice (2) after your due date in a 6 months period and your risk score is not within the parameters established by the Bank.
Returned check fee: $10
IMPORTANT NOTICE
USA PATRIOT ACT
Section 326 of the USA PATRIOT Act will be effective on October 1rst, 2003. This law requires financial institutions to obtain, verify, and record the information that identifies persons opening accounts. The USA government created this law as a measure to fight terrorism and money laundering.
When you open an account:
-
we will ask your name, home or street address, date of birth, social security number, and any other information deemed necessary to allow us to positively identify you.
-
we will ask to see your valid driver's license or other valid identification with photo issued by the government.
Thanks for allowing us to serve you.
Confidentiality of the information gathered by Popular, Inc. will be maintained as required under the Privacy Act. |
Credit Cards
