 | Visa Platinum Rewards Credit Card Disclosures Effective December 3, 2024 |
|---|---|
| Interest Rates and Interest Charges | |
| Annual Percentage Rate (APR) for Purchases | 0.00% introductory rate for the first 12 billing cycles after a new account is opened. On the first day after 12 billing cycles from account opening, your APR will revert to your approved rate, which will vary with the market based on the Wall Street Journal prime rate. Rates range from 13.49% – 18.00%* based on credit worthiness and prime rate. |
| APR for Balance Transfers | 1.99% introductory rate on balance transfers for the first 12 billing cycles after a new account is opened. On the first day after 12 billing cycles from account opening, your APR will revert to your approved rate, which will vary with the market based on the Wall Street Journal prime rate. Rates range from 13.49% – 18.00%* based on credit worthiness and prime rate. |
| APR for Cash Advances | The APR for cash advances is 13.49%-18.00%* This APR will vary with the market based on the Wall Street Journal prime rate and is based on credit worthiness at the time of account opening. |
| Penalty APR and When It Applies | The penalty APR is 18.00%. This APR may be applied to your account if you: ( 1 ) Make a Late Payment (2) Go Over Your Credit Limit (3) Make a Payment that is Returned; or (4) Do any of the above on Another Account You have with Us. 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 6 consecutive minimum payments when due; and you do not again default on these conditions during this time. |
| 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 or cash advances 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 Payment | If you are charged interest, the charge will be no less than $0.01. |
| 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://consumerfinance.gov/learnmore. |
| Fees | |
| Annual Fee | None |
| Transaction Fees | Balance Transfer Fee: 2% of each advance with $10.00 minimum Express Card Fee: $25.00 Receipt Copy: $2.00 per receipt Lost or Stolen Card Replacement: $15.00 Statements: $2.00 per statement Cash Advance Fee: 2% of each advance with $10.00 minimum Foreign Transaction Fee: 1% of each international transaction in US Dollars Research Fee: $10.00 per hour (2-hour minimum) Pay by Phone: $5.00 |
| Penalty Fees | Late Payment Fee: up to $38.00 applied on any portion past due 3 days after due date Over-the-Credit Limit Fee: $0.00 Returned Payment Fee: $25.00 |
Disclosures
*APR applicable to your account is determined by your credit worthiness based on your Equifax Beacon Score at the time of application. Variable Rate Feature: The Visa credit cards have a variable rate feature, meaning that the APR (corresponding to the periodic rate) and the term of your Visa loan may change due to interest rate fluctuations. The APR includes only interest and no other costs. Changes in prime rate will cause changes in the APR as of the first day of your account's billing cycle following an index change. In no case shall any APR be less than 13.49% or higher than 18.00% regardless of the applicable index and margin, unless specifically applicable laws and/or regulations require we use a lower APR.
| Monthly Periodic Rate | Annual Percentage Rate* | Minimum Payment | Monthly Periodic Rate | Tier | Annual Percentage Rate* | Minimum Payment |
| 1.1242% - 1.50%* | 13.49% - 18.00%* | 2.0% of balance or $25 minimum | Shaded boxes represent promotional rates for the first 12 months of newly opened accounts | |||
| 0.00% | 0.00%1 | 2.0% of balance or $25 minimum | 0.165833% | 1.99%2 | 2.0% of balance or $25 minimum | |
How We Calculate Your Balance
We use a method called the “average daily balance (including new purchases).” See your account agreement for more details.
Billing Rights
Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
Security Interest
The credit union will acquire a security interest in the property purchased with your credit card; and collateral securing other loans with us may also secure this account. Also, you are giving us a security interest in all individual and joint share and/or deposits accounts you have with us now or in the future.
The information about the costs of the card described in this application is accurate as of October 3, 2024. This information may have changed after that date. To find out what may have changed, call 800-763-8600 or 803469-8600, visit SAFEFED.ORG, or write SAFE Federal Credit Union, P. O. Box 2008, Sumter, SC 29151-2008.
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