|
LFCU VISA CREDIT CARD DISCLOSURE |
| Annual Percentage Rate |
| |
Platinum
or Shared Secured Platinum |
| |
Platinum Rewards | |
| |
| - As low as 8.24% to 17.99% APR |
|
| - As low as 9.24% to 17.99% APR | |
| Other APRs |
APR for Cash Advances, Overdraft Protection, Balance Transfers, and Visa Convenience Checks is the same as for Purchases.
Default (Late Payer) Rate* is determined by adding margin of 14.74% to the U.S. Prime Rate (Index)** |
| Variable Rate Information |
APRs may vary monthly. Your rate is the U.S. Prime Rate (Index**) plus a margin of 4.99% to 14.74% for Visa Platinum, 5.99% to 14.74% for Visa Platinum Rewards, and 14.74% for the Default Rate. The U.S. Prime rate was 3.25% as of 10/1/09. |
Grace Period for
Purchases |
25 Days, if each month you pay the entire
New Balance by the Payment Due Date. |
Balance
Computation Method |
Average Daily Balance, including new purchases |
| Annual Fee |
None |
| Minimum Finance Charge |
None |
| Foreign Transaction Fee |
Up to 1% of the U.S. dollar amount of the transaction, whether originally made in U.S. dollars or converted from a foreign currency. Plus Network ATM transactions cross border done in and charged in US dollars are excluded from the one percent (1%) fee. |
| Additional Fee Information |
Over Credit Limit Fee
Late Payment Fee
Return Payment Fee |
$25.00 per billing cycle
$15.00 Balances under $100.00
$20.00 Balances $100.00 to $500.00
$30.00 Balances over $500.00
$25.00 |
* Late Payer Rate: Members who are 60 days or more past due will have their rate increased to Prime plus a margin of up to 14.74%, currently capped at 17.99% APR. Note: we will review your account to determine if you qualify for a lower rate when you make at least six consecutive on-time periodic payments. Rate Cap may increase after consummation.
** Index is the highest U.S. Prime Rate as published in the Wall Street Journal. Prime rate is 3.25% as of 10/01/09. The Margin is a specific number of percentage points which is added to the Index Value to calculate the APR. The Margin is determined by your credit worthiness. The APR is based on the Index Value plus the Margin.
"As low as" rates are our best rates on approved credit. The Annual Percentage Rate (APR) you receive will be in the range disclosed and is based on your credit score. Please ask us for the rate that your credit score determines. The higher the credit score the lower the rate. Rates may increase after consummation.
Minimum Credit Line: LFCU Platinum Visa $500; LFCU Share Secured Visa $250.
Terms and Rates are accurate as of 10/1/09 and are subject to change. Contact LFCU at (800) 328-LFCU (5328) to obtain the most recent information.
Visa Credit Card Agreement and Disclosure
Visa Rewards Disclosure
