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Douglas Electric Cooperative
Douglas Electric is owned
by the members it serves! More than just another electric utility with miles
of power lines, transformers and meters, it is in fact the customers’
cooperative. Along with our dedicated office and operating staff, you are its
greatest asset.
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Power Plus
Douglas Electric members have the opportunity to apply for one,
or both, of two different types of visa cards that offer benefits
not previously available. In February of 1999 we offered a low-interest
rate (single digit) visa card, called the "Co-op Power Plus
Low Rate" card. This card will help members that carry monthly
balances forward from one month to the next, because of the lower
rate. We are now offering a rebate credit card, called the "Co-op
Power Plus Rebate" card. The Co-op Power Plus Visa Rebate Card
features a 5.9% fixed introductory APR for 6 months, followed by
a 15.99% variable APR thereafter* that lets you earn while you spend:
3% back on regular power charges billed automatically to the Power
Plus card 2% back on non-recurring card transactions at the Co-op
1% back on other card transactions at any merchant Rebate points
are tracked on your card statement each month. When you reach $50
in rebates, a $50 check is automatically printed on your next statement.
You can earn a maximum of two $50 checks in an anniversary year.
And you can carry up to $50 in rebates into the next year. Includes
many other Platinum benefits such as travel assistance and 24-hour
customer service. Brought to you by DOUGLAS ELECTRIC CO-OP Watch
your mail for more details You may be eligible for this Visa Card
even if you already have the low-interest Co-op Power Plus Card,
which does not earn rebates. REBATE CARD APPLIES TO RESIDENTIAL
ACCOUNTS ONLY!!
*The low 5.9% fixed introductory
APR will remain in effect for purchases and balance transfers for
the first 6 billing cycles following the opening of your account.
After that, a 15.99% variable rate on purchases and balance transfers;
19.99% variable rate on cash advances at any time. (Rates as of
6/1/98). If, at any time, payment is received late twice in any
6 month period ("late payments"), a 19.99% variable rate
for purchases and balance transfers will take effect. If you do
not make payment for two consecutive months ("non-payment"),
a 22.99% variable rate will take effect on all your balances. Your
annual percentage rate may vary. The rate is adjusted monthly to
an amount equal to the sum of (i) the highest Prime Rate as published
in the Money Rates columns of The Wall Street Journal on the 22nd
day of the prior month plus (ii) as applicable, 1.49% for purchases
and balance transfers and 11.49% for cash advances and late payments
or 14.49% for nonpayment, but in any event, not less than 15.99%,
19.99% and 22.99% respectively. First USA Bank, N.A. will allocate
your payment in the manner it deems appropriate including applying
your payment to purchase and balance transfer balances before cash
advance balances. The annual fee: $0. A minimum monthly Finance
Charge of $0.50 is payable if any Fanance Charge is due. There is
a Transaction Fee for ATM and bank cash advances of 2% of the amount
of the advance, or use, but not less than $10. There is a Transaction
Fee for purchase of wire transfers, money orders and use of convenience
checks, 2% of the amount of the purchase or check, but not less
than $5 and no greater than $25. Your account will be issued by
First USA Bank, N.A., P.O. Box 15201, Wilmington, DE 19850-5201.
You should contact First USA Bank, N. A. to obtain information on
any changes after the printing date by calling toll-free 1-888-201-4565.
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