PREMIER Credit Protection Disclosure Statement

PREMIER Credit Protection®

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December 1, 2016

PREMIER Credit Protection is an optional benefit of your PREMIER Bankcard Credit Card.
PREMIER Credit Protection is not required to obtain credit. If purchased, PREMIER Credit Protection will only extend to the enrolled Credit Card account. PREMIER Credit Protection does not apply to, or affect, any other Credit Card accounts not enrolled in the program.
The monthly fee for the PREMIER Credit Protection is based on your outstanding ending monthly balance multiplied by $0.89 per $100.00. The cost of the program will not change if you become ineligible for some of the protection. The fee is included on your monthly billing statement.
We will give you additional information before it is too late to cancel without receiving a full refund of PREMIER Credit Protection fees.
Subject to the limitations and exclusions listed in the PREMIER Credit Protection Contract, including a maximum aggregate amount limitation on the benefits of $5,000, PREMIER Credit Protection covers:
- The current monthly minimum payment, as of the date the protected event began, in the event of Involuntary Unemployment, Disability, Unpaid Family Leave and Hospitalization.
- The full account balance as of the date of your death in the event of your Loss of Life.
Exclusions from Involuntary Unemployment protection include: willful misconduct; criminal acts; voluntary resignation; and retirement
Exclusions from Disability protection include: retirement; normal pregnancy or childbirth (including caesarian section); and commission of a crime (including but not limited to use of illegal drugs).
Exclusions from Hospitalization coverage include: normal pregnancy or childbirth (including caesarian section); and commission of a crime (including but not limited to the use of illegal drugs).
Exclusions for Loss of Life protection include: criminal acts.
In the event of Involuntary Unemployment or Unpaid Family Leave and upon benefit approval, PREMIER Credit Protection may cover your monthly minimum payment, as of the date the protected event began, until: (1) twelve continuous payments have been covered; (2) you return to work; or (3) your account balance is $0, whichever occurs first.
In the event of Disability and upon benefit approval, PREMIER Credit Protection may cover your monthly minimum payment, as of the date the protected event began, until: (1) twelve continuous payments have been covered; (2) you are no longer disabled; or (3) your account balance is $0, whichever occurs first.
After one or more consecutive nights of Hospitalization and upon benefit approval, PREMIER Credit Protection may cover your next monthly minimum payment, as of the date the protected event began.
PREMIER Credit Protection will not cover past due or over limit amounts. You will be responsible for the delinquent and over limit amounts while the protection period is activated. You may not be able to use your account while the protection period is activated.
You will continue to be charged the monthly fee for PREMIER Credit Protection during any benefit activation period for Involuntary Unemployment, Disability, Unpaid Family Leave or Hospitalization.
You must be enrolled in PREMIER Credit Protection for 30 days before a protected event may be activated.
There is a maximum aggregate limit of $5,000.00 of protection under PREMIER Credit Protection.
If you are not completely satisfied, you will have 30 days after receiving your first monthly billing statement that includes a fee for PREMIER Credit Protection to cancel and receive a full refund of any PREMIER Credit Protection fees.
You may cancel your enrollment in PREMIER Credit Protection at any time.
THERE ARE ELIGIBILITY REQUIREMENTS, CONDITIONS, AND EXCLUSIONS THAT COULD PREVENT YOU FROM RECEIVING BENEFITS UNDER PREMIER CREDIT PROTECTION. Please carefully read the PREMIER Credit Protection Contract, including the General Conditions and Requirements provided in the fulfillment kit, which will be sent to you after enrollment, for a full explanation of each of these eligibility requirements, conditions and exclusions that could prevent you from receiving benefits under PREMIER Credit Protection.