Card Services
Summary of Credit Terms - Visa® Platinum Card
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Annual
Percentage Rate (APR) for Purchases |
3.90% Introductory APR for the first six Billing Cycles.
After that, your APR will be based upon the Prime Rate plus a Margin* of 2.90%, 5.90% or 7.90%. This APR will vary with the market based on The Wall Street Journal Prime Rate**; however, it will never be greater than 21.00% (Ceiling).
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APR For Balance Transfers |
Your APR will be based upon the Prime Rate plus a Margin* of 2.90%, 5.90% or 7.90%. This APR will vary with the market based on The Wall Street Journal Prime Rate**; however, it will never be greater than 21.00% (Ceiling). |
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APR for Cash Advances |
19.90% APR |
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Penalty APR and When it Applies |
21.00%
This APR may be applied to your account if you make a late payment and/or make a payment that is returned for any reason
How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, the Penalty APR will apply until you make six consecutive minimum payments when due.
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Paying Interest |
Your due date is at least 25 days after the close of each Billing Cycle. We will not charge you Interest on Purchases if you pay and we receive your entire balance by the due date each month. We will begin charging Interest on Cash Advances and Balance Transfers on the transaction date |
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Minimum Interest Charge |
If you are charged Interest, the charge will be no less than $0.50 |
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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. |
*Your regular APR for Purchases and Balance Transfers is based upon our evaluation of your income and credit information at the time you apply.
**The Prime Rate used is the highest “Prime Rate” as published in The Wall Street Journal on the last day of the month in which the Billing Cycle began or, if not published that day, on the next day published.
Annual Fee |
None |
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Transaction Fees
• Foreign Transaction
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3% of each Purchase or Cash Advance transaction amount |
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Penalty Fees
• Late Payment
• Over-the-Credit Limit
• Returned Payment
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Up to $35
Up to $35
Up to $35
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How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)". See your Cardholder Agreement for more details.
Loss of Introductory APR: We may end your Introductory APR and apply the Penalty APR if you make a late payment.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardholder Agreement.
Monthly Cash Rebate: You will receive a Cash Rebate equal to .50% of your net Purchases (Purchases less Returns) each Billing Cycle. Your Cash Rebate will be based on the total net Purchases posted to your Account during your actual Billing Cycle dates. Your Cash Rebate will be credited to your Account by the fifth business day of the following Billing Cycle. Should the amount of Returns exceed the Purchases during any Billing Cycle resulting in a credit balance, your Account will be debited accordingly.
Member FDIC
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