CREDIT CARD DISCLOSURE AND CARDHOLDER AGREEMENT
Credit Tier 3 · Credit Tier 2 · Credit Tier 1
Interest Rates and Interest Charges
Annual Percentage Rate (APR) for purchases and balance transfers · 14.74% Variable 1 15.74% Variable 1 Rewards 18.00% Variable 1 Cash Back YourAPR will be based on your creditworthiness. Your APRwill vary with the marked based on the Prime Rate. · 13.74% Variable 1 14.74% Variable 1 Rewards 17.24% Variable 1 Cash Back YourAPR will be based on your creditworthiness. Your APRwill vary with the marked based on the Prime Rate. · 11.74% Variable 1 12.74% Variable 1 Rewards 16.24% Variable 1 Cash Back YourAPR will be based on your creditworthiness. Your APRwill vary with the marked based on the Prime Rate.
Annual Percentage Rate (APR) for cash advances 2 · 17.9%
How to Avoid Paying Interest on Purchases · Your due date is at least 25 days after the close of each billing cycle. Wewill not charge you interest on new 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 · None
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
Balance Transfer Fee · None
Late Fee · Up to $25.00
Foreign Transaction Fee · 1% of the transaction amount.
Over Limit Fee · None
How we will calculate your balance: We will use a method called 'average daily balance (including new purchases)'.
Applications are subject to credit approval. Your rate and credit limit will be determined by individual credit worthiness including income, debt ratio, employment and credit history. Must be 18 years of age to qualify. Verification of income may be required.
Variable Rate calculations: For Credit Tiers 3, 2, 1 respectively: Variable Visa prime plus 7.74%, 6.74%, or 4.74%; Variable Rewards prime plus 8.74%, 7.74%, or 5.74%; Var iable Cash Back prime plus 11.24%, 10.24%, or 9.24%.
Membership account required. Must have an open savings account that carries a $1.00 minimum balance.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your cardholder agreement.
Card benefits: All card types receive Verified by Visa. Rewards cards may earn one reward point for every $1 spent. Cash Back cards may earn 1.5% on every purchase. See full program rules on https://www.macu.com/loans/credit-cards/visa-credi t-cards/program-rules .
1 Variable Rate Information: The Annual Percentage Rate may increase or decrease when the Prime Rate Index 'PRI' increases or d ecreases. The Prime Rate Index is the highest prime rate published in the Wall Street Journal on the last business day of each month. If this index is no longer available, the credit union will choose a new index which is comparable to the index described herein.
2 Applies to new and existing cash advance balances.
