I certify that the information
given above is true and correct and by signing, I accept as notice in writing
of, and consent to, collection, use, disclosure and verification of any
credit, personal or other information about me at any time from, to or with
any credit reporting agency, credit grantor, or any other person, and I
authorize those parties to give information to you. I understand that all
such information shall be collected, used and disclosed by you, and any
of your affiliates, agents, service providers, successors and assigns to
assess my creditworthiness for this application and my on-going creditworthiness,
for determining my eligibility for any other products or services to be
offered to me and for such other uses not prohibited by law. The Peoples
Trust Credit Card is issued by Peoples Trust, a Principal Member of MasterCard®.
By signing this application, I agree to abide and be bound by the terms
and conditions of the Credit Card Agreement which Peoples Trust will send
to me (as amended or restated from time to time). I agree that you may open
a Peoples Trust MasterCard® account in my name ("Account"), issue me a card(s),
Personal Identification Number and renewals or replacements from time to
time. I agree that if I use my card or account, I shall be deemed to have
requested and received the card, Account and Credit Card Agreement, and to
agree with everything written in the Credit Card Agreement and this application.
Where a co-applicant signs this application, we acknowledge the terms of
this application and all consents given in it bind both of us, and all references
to “I” shall mean the applicant and co-applicant individually. Each applicant
and co-applicant, shall be jointly and severally (in Quebec, solidarily)
liable for any indebtedness incurred through the use of the card(s) issued
pursuant to this application. The co-applicant will receive a duplicate statement
unless otherwise selected on the application form.
I may obtain your privacy policy or review my options for refusing or
withdrawing my consent, including my option not to be contacted about offers
of products or services by contacting your Customer Service Center at 1-877-694-6200.
Security – Cash Collateral
As security for the performance of all my obligations relating to my credit
card account ("Account"), including repayment of all credit extended through
my Account, I pledge and grant to Peoples Trust Company and to Peoples Trust
Financial Ltd and to their assignees (collectively, “Peoples Trust”), a
first-priority security interest (in Quebec, a movable hypothec with delivery)
in all funds, including interest on such funds, now or hereafter delivered
by me to Peoples Trust (the “Funds”) as of the date of my delivery of such
funds to Peoples Trust. The Funds will be held in an interest bearing account
at Peoples Trust Company (the "Security Deposit Account"), with interest
payable to me annually on the anniversary of the opening of the Security
Deposit Account. Interest rates for the Security Deposit Account are subject
to change. I agree to pay all charges and fees relating to my Security Deposit
Account and the Funds, as disclosed to me from time to time by Peoples Trust
Company. I will not grant any other party any interest in the Funds. I also
understand that my Funds will not be returned to me until all of my indebtedness
with respect to my Account is fully satisfied, all credit cards have been
returned to Peoples Trust and all of my other obligations have been performed,
and in no event will Funds be returned in less than 4 weeks after receipt
of notice of termination of my account. If I have made a false or misleading
material statement in this application, if I exceed my credit limit, fail
to make a payment when due or otherwise default under the terms of the Peoples
Trust Credit Card Agreement or the security agreement, or if Peoples Trust
or I terminate my Account, Peoples Trust may, without notice to me or demand
for payment, withdraw Funds from the Security Deposit Account and apply such
amounts in satisfaction of any of my obligations with respect to my Account.
If Peoples Trust hires a law firm to enforce its rights with respect to my
Account or the Funds, I agree to pay Peoples Trust all reasonable legal fees
and court costs that Peoples Trust incurs, to the extent permitted by law.
If approved, my Account will be charged a one time set up fee of $49.00
plus $29.00 for each supplemental card, which will be billed on the first
statement. A monthly fee of $5.95 applies plus $2.95 monthly for each additional
card. There is an over-limit fee of $29.00 for each month the credit limit
is exceeded, and a NSF fee of $39.00 for each cheque or other instrument
that is returned unpaid. The annual interest rate on unpaid balances for
purchases is currently 19.5% and accrues from the date the purchase is posted,
if the outstanding balance is not paid in full within 25 days of the statement
date. The annual interest rate for cash advances is 24.5% and accrues from
the date the cash advance is made until it is paid in full. There is a transaction
fee of $5.00 for each cash advance. When the Account is in arrears for more
than one month, the annual interest rate is 24.5% on all balances. These
rates and fees are subject to change without notice. The minimum deposit
required is $500.00 and the maximum deposit accepted is $25,000.00.
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