Interest Rates and Interest Charges
ANNUALPERCENTAGE RATE (APR) for Purchases · 0.00% introductory rate on purchases for 6 months from date of account opening; thereafter, theAPR is set by your credit rating at the time of account opening. * Rate 1 – 14.50% Rate 2 – 15.50% Rate 3 – 16.50% Rate 4 – 17.50% Rate 5 – 18.00% The APRwill vary with the market based on the Prime Rate.
APRforBalance Transfers 0%Introductory Rate is not available for transfers from current TFCU credit card accounts. See “Other Terms” Below · 0.00% introductory rate on balance transfers for 6 months on balance transfers that occur within the first 60 days of account opening; thereafter, the APR is set by your credit rating at the time of account opening. * Rate 1 – 16.50% Rate 2 – 17.50% Rate 3 – 18.00% Rate 4 – 18.00% Rate 5 – 18.00% Balance transfer APR: The current program APRwhich will be set by your credit rating at the time of account opening. * The APR will vary with the market based on the Prime Rate.
APR for Cash Advances · Rate 1 – 16.50% Rate 2 – 17.50% Rate 3 – 18.00% Rate 4 – 18.00% Rate 5 – 18.00% Cash advance APR: The current program APR which will be set by your credit rating at the time of account opening. * The APR will vary with the market based on the Prime Rate.
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 if you pay your entire balance by the due date each month. Wewill begin charging interest on cash advances and balance transfers on the transaction date.
ForCreditCard 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
Set-Up and Maintenance Fees ● Annual Fee · None
Transaction Fees ● Balance Transfer Fee ● Cash Advance Fee ● Foreign Transaction · 2.50% 2.50% None
Penalty Fees ● Late Payment ● Returned Check Fee · Up to $22 -If your minimum monthly payment is not received by us on the due date on your monthly statement, we may impose a late fee of up to $22 which will be reflected on the following monthly statement. Up to $20 - the Credit Union may charge a return check fee for each one-party return by a bank or other depository institution of a dishonored check, negotiable order of withdrawal or share draft issued by cardholder(s) as payment on the credit card account.
Other Fees ● Statement Copy ● Ticket Copy ● Card Replacement Fee · $2 - the Credit Union may charge a $2.00 fee for each duplicate copy of requested monthly billing statement(s). The Credit Union may charge for each duplicate copy of requested sales slip(s). However, if the request for a duplicate copy of a sales slip is in connection with any disputed billing matter, (see “YOUR BILLING RIGHTS”), a fee will not be imposed . $25 - Travel and Entertainment documents $6 - Original sales slip $5 - Photocopy of sales slip $13 - the Credit Unionmay charge for each credit card that is reissued prior to the current card’s expiration date.
How We Will Calculate Your Balance : We use a method called 'Average Daily Balance (including new purchases).' See the INTEREST CHARGE CALCULATION METHODS
section of this cardholder agreement for more details.
Billing Rights : Information on your rights to dispute transactions and how to exercise those rights is included in this cardholder agreement under the YOUR BILLING RIGHTS section. *The credit score ranges are as follows: Rate 1 (740 and above) Rate 2 (700-739) Rate 3 (660-699) Rate 4 (625-659) Rate 5 (0 to 624) Your account must be open to receive a Year-End Purchase Summary and to use other program benefits.
Other Terms: IMPORTANT NOTICE TO CURRENT TFCU CREDIT CARD ACCOUNT HOLDERS If you currently have a credit card issued by TFCU and you decide to apply to instead use the new Visa Signature Cash-Back credit card to be issued by TFCU, there are a number of important disclosures of terms for you to consider first before you apply. You will not be charged the 2.50% balance transfer fee for transfers from your current TFCU-issued credit card, but you will NOT receive the promotional rate of 0% APR for 6 months. Instead, you will be required to continue to pay Prime Rate plus the percentage rates set based on your credit score at the time you opened the account on any amounts you transfer to this card. You will also be paying an interest rate which will be the HIGHER RATES on the chart for your specific type of card on all new purchases, balance transfers, and cash advances if you do not pay off the entire outstanding balance each month before the 25-day grace period to make your payment expire each month. You will lose any CURewards points you may have if you close your current account before the points are used . Lower credit limits may be set on the new account, and you will not be permitted to transfer balances if you choose to keep your current card and also apply for the new account, and your credit score may be affected.
