VISA Disclosure
Interest Rates and Interest Charges |
|
| Annual Percentage Rate (APR) for Purchases | 9.99% to 17.99% when you open your account, based on your creditworthiness |
| APR for Balance Transfers | 9.99% to 17.99% when you open your account, based on your creditworthiness |
| APR for Cash Advances | 9.99% to 17.99% when you open your account, based on your creditworthiness |
| Penalty APR and When it Applies | None |
| How to Avoid Paying Interest on Purchases | 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. |
| 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 |
| Transaction Fees - Balance Transfer Fee - Cash Advance Fee - Foreign Transaction Fee - Transaction Fee for Purchases |
None None 1.00% of each transaction in U.S. dollars None |
| Penalty Fees - Late Payment Fee - Over-the-Credit Limit Fee - Returned Payment Fee |
Up to $25.00 None Up to $32.00 |
How We Will Calculate Your Balance: We use a method called "average daily balance (excluding new purchases).*
Effective Date:
The information about the costs of the card described in this application is accurate as of September 1, 2014. This information may have changed after that date. To find out what may have changed, contact Impact Credit Union.
Other Disclosures
Late Payment Fee
$25.00 or the amount of the required minimum payment, whichever is less, if you are one or more days late in making a payment.
Returned Payment Fee
$26.00 or the amount of the required minimum payment, whichever is less. In the event a payment is returned in the same or in any of the six billing cycles following the initial violation, you will be charged $32.00 or the amount of the required minimum payment, whichever is less.