Rates & Fees
The monthly fee for the Plan equals 79¢ (or any rate
we subsequently specify in a change of terms notice) per $100 of the sum: of (a)
your balance subject to interest rate and (b) if applicable, any balance on which
interest is being deferred. The Plan fee will be shown on your billing statement
and will be added to the Minimum Payment due on the last day of each billing cycle
for each billing period during which your Account has a balance. If you do not pay
the Current Month Minimum Payment, the Plan fee will be added to your Account balance,
and it will increase the amount of interest charges assessed to your Account and
your cost of financing. The Plan fee will be charged and a payment is due for all
balances on your Account even if payments are forgiven or interest accruals are
deferred on such balances. Interest on your Account will continue to accrue while
you are receiving benefits, however, the Plan fee will not be charged or shown during
any billing period in which you are receiving Plan benefits.
IMPORTANT PLAN INFORMATION
*This product is OPTIONAL: Your purchase of
the Dell Preferred AccountTM ("DPA") Credit Protection
Plan (the "Plan"), offered by WebBank, is optional. Whether or not you purchase
the Plan will not affect your application for credit or the other terms of any existing
credit agreement you have with WebBank.
Payment Method: Plan fees are charged to your Dell Preferred Account
during months you carry a balance and will be shown on your monthly billing statement.
Cancellation: If you cancel your enrollment in the Plan within
30 calendar days after your enrollment date, we will credit your Account for any
Plan fees you have been charged. Otherwise, Plan fees are not refundable. You can cancel the Plan by calling the Plan Administrator at 1-877-511-4552.
Additional Disclosures: There are eligibility requirements, conditions
and exclusions that could prevent you from enrolling in the Plan or receiving benefits
under the Plan. We will mail you a Plan Amendment to your Accountholder Agreement
containing this information with your enrollment confirmation package before payment
Availability: The Plan is not available to accountholders with
billing addresses outside the United States or in AK, GU, HI, MA, MN, NV, PR and
is not available to accountholders with billing addresses in: AK, GU, HI, MA, MN,
NE, NM, NV, NY, PR, VI and VT.
Summary of Benefits for Property Protection Coverage.
Property Protection coverage is underwritten by and claims adjusting services are
administered by American Bankers Insurance Company of Florida, 11222 Quail Roost
Drive, Miami, FL 33157; 305.253.2244, Domiciled in Florida (NAIC number 10111),
the company is authorized to do business in Washington, D.C. and all states in the
United States. Coverage is paid by WebBank.
The Property Protection coverage
protects property purchased with your Dell Preferred Account against events including: burglary and
physical damage caused by fire, smoke, tornado and flood for up to 3 years from
the date of purchase, including purchases previously made. There is no additional
cost for Property Protection coverage. Some exclusions apply. Please review the
Summary of Benefits for Property Protection Coverage for details.