You are applying for a secured credit card, a product designed to help establish or rebuild credit.
You will need to deposit an amount into a savings account equal to the credit limit you are requesting. You can request an amount from $300 up to $3,000.
As an example, if you are applying for a $500 Secured Credit Card, you will need to deposit $500 into a savings account. You will then be expected to make monthly payments equal to at least the minimum payment amount shown on your monthly statement.
Accounts: eSign Disclosures for Credit, Debit, and ATM Cards
E-SIGN DISCLOSURES FOR CREDIT, DEBIT, AND ATM CARDS
I/we: (a) understand and agree that I/we will make application for Armed Forces Bank's Visa® Debit, or Visa® Credit, or ATM card (the card) using the electronic card application hosted on your web site (the application); and (b) authorize you to accept my/our electronic signature on all card-related documents I/we are obligated to sign just as if we had signed the application and such documents with manual signatures.
I/we represent and warrant to you that I/we have computer hardware and software that satisfies the following requirements: (a) an Internet browser capable of processing 128-bit encryption (such as Internet Explorer 7 or higher, Firefox 3 or higher, or Safari 4 or higher); (b) Adobe Reader version 9.1 or higher; and (c) a printer.
I/we understand and agree that all disclosures and documentation related to the card (the account documentation, such as the Account-opening Disclosure Statement and the related documents [as defined in the card agreement that sets forth my/our and your rights and obligations with respect to the card]) will be given to me/us in electronic form and will be sent to the email address I/we will provide in the application. I/we understand that I/we may change my/our email address by sending a letter containing my/our new email address to Armed Forces Bank at P.O. Box 26458, Kansas City, MO 64196, attention Online Banking Department, and that such notice shall be effective not later than three (3) business days after you receive the notice.
I/we understand that I/we may obtain paper copies of account documentation if we request them by sending a letter to that effect to Armed Forces Bank at P.O. Box 26458, Kansas City, MO 64196, attention Online Banking Department.
I/we understand that I/we may withdraw my/our consent to receive account documentation in electronic format by sending a letter to that effect to Armed Forces Bank at P.O. Box 26458, Kansas City, MO 64196, attention Online Banking Department, and that such notice shall be effective not later than three (3) business days after you receive the notice.
I/we understand that if you receive my/our written notice to withdraw my/our consent to receive account documentation in electronic form, or my/our written request to receive paper copies of account documentation, you will provide all future account documentation in paper format.
Your personal information is confidential and secure with Armed Forces Bank. We will not share your personal information without your permission.
To help the government fight the funding of terrorism and money laundering activities, U.S. Federal Law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. As you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your drivers license or other identifying documents.