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INTEREST RATES
AND INTEREST CHARGES: |
| Annual
Percentage Rate (APR) for Purchases |
10.25%
This APR will vary with the market based on the Prime
Rate. |
| APR for
Balance Transfers |
10.25%
This APR will vary with the market based on the Prime
Rate. |
| APR for Cash
Advances |
10.25%
This APR will vary with the market based on the Prime
Rate. |
| How to Avoid
Paying Interest on Purchases |
Your due date is 28 days after the close of each billing
cycle. We will not charge you interest on purchases if
you pay your entire balance by the due date each month.
We will begin charging interest on cash advances and
balance transfers on the transaction date. |
| Minimum
Interest Charge |
No Minimum
Interest Charge. |
| For Credit
Card Tips from the Federal Reserve Board |
To learn more
about factors to consider when applying for or using a
credit card, visit the website of the Federal Reserve
Board at
http://www.federalreserve.gov/creditcard. |
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|
FEES: |
| Annual Fee |
none |
|
Transaction
Fees:
* Balance Transfer
* Cash Advance
* Foreign Transaction |
$5.00
$5.00
1.00% of each transaction in U.S. dollars
|
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Penalty
Fees:
* Late Payment
* Returned Payment |
$10.00
$20.00
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How We Will
Calculate Your Balance: We use a method called
“average daily balance (including new purchases)*
See your account agreement for more details.
How We Will Calculate Your Variable
Rate: We calculate your variable rate by
adding seven (7) percent to the Prime Rate published in
the “Money” section of The Wall Street Journal on the
1st day of January and July. If the Prime Rate changes,
the increase or decrease of rate will take effect on the
1st day of February and August. If the Journal is not
published on that day, then see the next publication
date. The interest rate will never be more than NCUA’s
rate ceiling. The rate will not change more than 4% in
any year. Changes in the ANNUAL PERCENTAGE RATE will
result in more (or fewer) payments.
Billing Rights: Information on your rights to
dispute transactions and how to exercise those rights is
provided in your account agreement. |
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