Important Information and Disclosures

Franklin Templeton Bank & Trust Platinum Mastercard ®

Important INFORMATION AND DISCLOSURES


The information about the costs of the card described are accurate as of October 31, 2007. This information may change after that date. To find out what may have changed, please call us at 800/238-2761, or write to us at Franklin Templeton Bank & Trust, F.S.B., PO Box 17406, Salt Lake City, Utah 84117-0406.

Franklin Templeton Bank & Trust Platinum MasterCard
Annual Percentage Rate (APR) for Purchases: Preferred Rate: 11.24%
Other APRs: Cash Advance APR: 11.24%
Penalty APR: 14.24% (See explanation below) 1
Variable Rate Information: Your APRs may vary. For purchases, the rate is determined by adding 3.49% to the Prime Rate.2 For Cash Advances and Penalty Rate, the rate is determined by adding 6.49% to the Prime Rate.2
Grace Period for Repayment of the Balance of Purchases: You have 25 days to repay your balance for purchases before a FINANCE CHARGE will be imposed (provided you have paid your previous balance in full by the due date)
Method of Computing the Balance for Purchases: Average Daily Balance Method (including new purchases)
Annual Fee: None
Minimum FINANCE CHARGE for Purchases: $1.00
Transaction Fee for Cash Advances: The greater of $5 or 3% of the Cash Advance amount
Late Payment Fee: $29 if the Bank does not receive at least your Minimum Monthly Payment within 5 days of the Payment Due Date shown on your previous statement
Over the Credit Limit Fee: $29
Balance Transfer Fee: None
Footnotes
1. The APR will increase to the Penalty Rate APR if you fail two times within a 12 month period to fully pay a Minimum Monthly Payment by the end of the billing period that starts after the Payment Due Date for that payment.
2. The Prime Rate used is published in the "Money Rates" section of the Wall Street Journal (Western Edition) on the 7th Bank business day immediately preceding the first day of the billing period. The Prime Rate as of October 31, 2007 is 7.75%.
Authorization: You understand that this offer to establish a credit card account is made by Franklin Templeton Bank & Trust, F.S.B. (FTB&T) located in Salt Lake City, Utah. If an account is opened, the lender on the account will be Franklin Templeton Bank & Trust, F.S.B. You understand that the use of an account or any card issued in connection with this offer will constitute your acceptance of and will be subject to the terms and conditions of the Cardholder Agreement that will be sent with the Card. You agree to be responsible for all incurred according to the Cardholder Agreement. You understand that the terms of your Account are subject to change as provided in the Cardholder Agreement. This offer and the resulting account are governed by Utah and federal law.

Omission of any information requested on this application may result in a denial of credit. Upon request, we will tell you if we obtained credit reports and the name and address of any consumer reporting agencies that provided the reports. You authorize us to furnish information concerning your account to consumer reporting agencies and others who help service your account. A married applicant may apply for credit in his or her own name. This account may not be available to you if you already have a credit account with Franklin Templeton Bank & Trust, F.S.B.