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Shocking Credit Card Terms: USA Bank Zirconia Select

Advertiser Disclosure Comments 8 Comments

USABankZirconiaSelectCardI’m one of those rare individuals (okay, geeks) who enjoys reading credit card agreements. Every once in a while I get a credit card offer that really stands out from the crowd. Yesterday, I got one in the mail that really caught my eye.

Here’s where it gets tricky.  It looks like a pretty good offer—after all, that $100 sign-up bonus might be tempting to some—until you get to the fine print.
USA Bank Zirconia Select Offer

In fact, the USA Bank Zirconia Select agreement is a classic example of why you should always read the fine print of your credit card agreements. Any number of surprises could be lurking there, and usually not the good kind.

[Resource: The Credit CARD Act—Enhanced Consumer Disclosures]

Since the passage of the Credit CARD Act, your credit card issuer is required to provide easy online access to the cardholder agreement for your account.  And even though the Center for Responsible Lending found that credit card agreements have been getting simpler, it’s all relative.

Let this be a lesson: read the credit card agreement before you sign the application, unless you want to end up with a card like this one.

Click to enlarge and read these shocking credit card terms!

Tell us, what’s the most absurd condition you’ve found lurking in the fine print of your credit card agreements?

[Credit Card Roundup: Credit Cards with Good Intentions]

Image: Credit.com

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  • http://ptmoney.com Philip

    Wow! I’m totally getting this card. 😉

  • Beverly Blair Harzog

    Philip–I’m sure you’ll have to get in line for it!

  • http://www.prepaidlegal.com/hub/espinoza_r Rick

    Wow. This is a find that is too good to be true. Kudo’s to you Beverly!! This is a true example why people need to read everything before they sign. Not just their credit card apps but the more meaningful ones we all dream of signing but do we really read the fine print? Purchasing a new home, car, cell phone contract or any contract. This is such a great find and tool I will definitely use in order to educate even more people out there.

    Again, GREAT article Beverly!

  • Jevon

    I think I found a loophole in their terms! I’m going to rack up some serious rewards points in (less than) an instant with my X53-Z Time Travel Helmet. I can earn 100,000 by yesterday!

  • Tom

    Too funny. Great article. It pays to always read the “fine print”.

  • Beverly Blair Harzog

    Jevon–Way to be your own consumer advocate. Very funny!
    Tom–Thanks very much. Yes, that fine print is important!

  • Ian

    This is the best “statement” on credit card terms I’ve ever seen! Thank you.

  • http://www.moneymagic.com Magicmary

    The “Minutes to Win it” card might be a more appropriate name for this unique card. Wow, how important it is to read that ol’ fine print in your agreement! If these unusual offerings don’t get people to read a credit card agreement document word for word, it’s never going to happen. Good job, Beverly!

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