P.O. BOX 1366 3700 Skyline Drive Nederland, Texas 77627 (800) 825-8829 (409) 962-8793 www.5pointcu.org
STANDARD, PLATINUM, PLATINUM WITH REWARDS, AND SIGNATURE VISA CREDIT CARD AGREEMENT AND DISCLOSURE
CREDIT CARD AGREEMENT AND DISCLOSURE
Interest Rates and Interest Charges · Platinum with Rewards · Standard Visa · Platinum Visa · Signature Visa
ANNUAL PERCENTAGE RATE (APR) for Purchases and Balance Transfers · _______________ % . Introductory APR for a period of six (6) billing cycles. When the discounted period expires, the APR on existing balances will increase to the new non- discount rate on the first day of the billing cycle. After that, your APR will be % . This APR will vary with the market based on the Prime Rate.
ANNUAL PERCENTAGE RATE (APR) for Cash Advances · %
How to Avoid Paying Interest · Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases or balance transfers if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date.
Minimum Interest Charge · If you are charged interest, the charge will be no less than $ charge will be charged on any dollar amount. · . The minimum interest
For Credit Card Tips from the Consumer Financial Protection Bureau · To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at: http://www.consumerfinance.gov/learnmore
Fees
Annual Fee · None
Transaction Fees Foreign Transactions · % of each transaction in U.S. Dollars completed outside the U.S. % of each transaction in U.S. Dollars completed in foreign currency.
Penalty Fees Late Payment Returned Payment · Up to $29.00 Up to $29.00
How We Will Calculate Your Balance: We use a method called 'Average Daily Balance (including new purchases)'. See your account agreement for more details.
Loss of Introductory APR: We may end your introductory APR if you make a late payment. With the loss of your Introductory APR, your APR for Standard and Platinum Visa will be a variable rate of _______% - _______%, Platinum with Rewards Visa will be a variable rate of _______%-_______% and Signature Visa will be a variable rate of _______%-_______%.
Other Disclosures Late
Payment Fee Returned
Payment Fee Document
Copy Fee
Expedited Fee
$29.00 or the amount of the required minimum payment, whichever is less, if you are ten (10) or more days late in making a payment.
$29.00 or the amount of the required minimum payment, whichever is less.
$ 5.00
$55.00 Input Today, FedEx Today. Request received before 10:30 a.m. on a business day
Collection Costs. You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attorney's fees.
Periodic Rates.
The Purchase APR is ____________________%, which is a daily periodic rate of ____________________%.
The Introductory Purchase APR is ____________________%, which is a daily periodic rate of ____________________%.
The Introductory Balance Transfer APR is ____________________%, which is a daily periodic rate of ____________________%.
Variable Rate:
The Cash Advance APR is ____________________%, which has a daily periodic rate of ____________________%.
The Balance APR is ____________________%, which is a daily periodic rate of ____________________%.
The ANNUAL PERCENTAGE RATE is subject to change on the first day of the billing cycle monthly to reflect any change in the Index and will be determined by the Prime Rate on the last business day of each month of each year as published in The Wall Street Journal 'Money Rates' table to which we add a margin. The ANNUAL PERCENTAGE RATE will never be greater than 18%. Any increase in the ANNUAL PERCENTAGE RATE will take the form of additional payments shown as Total Minimum Payments on the statement. If the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.
Margin
Purchases and Balance Transfers will be charged a ____________________% above the Index.
