3 Ways to Buy at Spiegel
Cash - Charge - and Monthly Payments
C'\AJhen you open a Spiegel Account you automatically become a member of the
Spiegel Budget Power Plan which allows you to use the charge account and the
Monthly Payment Plan. We reserve the right to acce·pt or reject any application,–
to restrict or limit any order or to terminate any account in accordance with our
credit standards.
Terms Change Effective July 1, 1972
If
your account was opened before July 1, 1972 and you
continued to buy and have an outstanding balance each
month, you may continue using your present low monthly
payment terms. However, should you pay up your account
your subsequent orders would
be
subject to our new,
modified monthly payment plan. New accounts opened
after July 1, 1972 are also subject to the modified terms.
To Open an Account-NoMoney Down
Just fill
in
application on back of order blank when you
send your order. Credit orders must be for $10 or more.
To Add On an Order
Anytime your balance is less than the full amount of your
Credit Trust Fund you can send another order for the
difference. Simply add the amount of your new order to
your present balance and figure your monthly payment on
the total.
If
you send a payment with your order deduct
that amount before figuring your payment.
To Place a Charge Account Order
Write your order in the usual way and check the Charge
Plan on the Order Blank. There is no down payment and if
the balance is paid in full, within 25 days of statement
date, there
will
be no finance charge. Charge orders must
be for $10 or more.
To Order for Cash
Please send check or money order (no stamps or COD) to
cover cost of merchandise, plus shipping and handling
charge and tax, if any. Over payments are refunded.
No Bookkeeping for You
We send you a personalized statement each month. This
provides an accurate record of all Budget Power trans–
actions. Purchases, payments, refunds, returns, exchanges
as well as insurance premium (if you wish this protection)
and finance charges . . . all are clearly shown to give you
an accurate record of your account. Shipping/handling
charges as well as tax, if any, are computed for you and
included in your account.
Peace of Mind
As a member of the Budget Power Plan you are eligible for
Spiegel Group Credit Life Insurance. (Acceptance of this
insurance is not a factor in the extension of credit). This
protection covers you and your spouse in the event of
death from any cause, on your Spiegel balance up to a
$2500 limit. The charge amounts to only .00165 of your
beginning monthly balance (which, for example, is only
16
y
2
¢
for a balance of $100). This coverage is made avail–
able under a policy issued by the Guaranty Life Insurance
Company of America. (Customers insured under the for–
mer plan are covered as outlined in their certificate). There
is no medical exam, no age limit, no red tape. A certificate
setting
forth
the provisions of the insurance is sent to
you. You may terminate this insurance at anytime. We
offer this valuable protection to enable you to use all
the credit available to you with complete peace of mind.
Budget Power Terms
MAXIMUM BALANCE
MINIMUM
(including Unpaid Balance
if
any)
MONTHLY
MODIFIED TERMS
TERMS
PAYMENT
for Accounts
for Accounts
ofened or paid-up
opened
A TER July 1, 1972
BEFORE July 1, 1972
$
7
$
150
f
8
$
160
s 240
$
9
$
180
f
270
s10
$
200
$
300
su
s 220
s 330
5
12
s 240
$
360
$}3
s 260
$
390
$}4
$
280
$
420
sis
$
300
s 450
1
16
$
320
s 480
s17
s 340
s 510
SJ8
s 360
s 540
s19
$
380
$
570
'20
s 400
. s 600
s21
s
420
s 630
s22
s 440
$ 660
s23
s 460
$
690
s24
$
480
$
720
1
25
s 500
s 750
1
30
s 750
$
900
5
35
•1050
'1050
For terms
on balances
of more
than
$1050
...
or to
request
a
larger
Credit Trust
Fund,
please write us.
The FINANCE CHARGE is computed by a "pen–
odic rate" of 1.65% which is an ANNUAL PER–
CENTAGE RATE OF 19.8
%
(minimum 50¢ monthly
on balances under $30.30) applied to the average daily
balance which is the average of the daily amounts out–
standing on your account, and includes the charges.
payments and credits posted during the month. Under
the average daily balance method, the earlier install–
ment payments are received during a monthly billing
period, the lower the finance charge will
be
for that
period. There is no finance charge if your first state–
ment is paid in full, within 25 days of the statement
date. Similarly, if on any subsequent statement your
New Balance is paid in full within 25 days of that
statement date, there will
be
no further finance charge.
Of course, you have the right to pay up your account
at any time and save additional finance charges.
SPIEGEL3 • 285