| Annual Percentage Rate (APR) for purchases |
Fixed Rate of:
9.99% |
| Annual Percentage Rate (APR) for balance
transfers |
Fixed Rate of:
9.99% |
| Other APR's |
| Cash Advance APR: |
9.99% |
|
|
| Penalty APR: |
18.00% |
|
| Annual Fee |
None |
| Late Payment Fee |
$20.00 |
| Over The Limit Fee |
$25.00 |
| Cash Advance Fee |
None |
| Balance Transfer Fee |
None |
| Returned Payment Fee |
$10.00 |
| At the date this application was
printed, the information was accurate. Because rates and terms are subject to
change, you may contact us for the current information by writing to the
business reply address at this web site. |
|
| Method of Computing Balance for Purchases |
Grace Period for Purchases |
| Average daily balance including new purchases |
25 day (5) |
- Your Annual Percentage Rate (APR) is Fixed
The APR for Cash Advances for Credit Cards is Fixed.
- Late Charge: If the minimum required payment is not received
within 5 days after the payment Due Date, a late charge of $20.00 will be
imposed.
- Overlimit Fee: This fee is applied when a balance is in
excess of the credit limit
- A Finance Charge will be imposed on the Credit Purchases only
if you elect not to pay the entire new balance shown on your monthly statement
for the previous billing cycle within 25 days from the closing date of that
statement. If you elect not to pay the entire new balance shown on your previous
monthly statement within that 25-day period, a finance charge will be imposed on
the unpaid average daily balance of such Credit Purchases from the previous
statement closing date and on new Credit Purchases from the date of posting to
your account during the current billing cycle, and will continue to accrue until
the closing date of the billing cycle preceding the date on which the entire new
balance is paid in full or until the date of payment if more than 25 days from
the closing date. The finance charge for a billing cycle is computed by applying
the monthly periodic rate to the average daily balance of Credit Purchases,
which is determined by dividing the sum of the daily balances during the billing
cycle by the number of days in the cycle. Each daily balance of Credit Purchases
is determined by adding to the outstanding unpaid balance of Credit Purchases at
the beginning of the billing cycle any new Credit Purchases posted to your
account, and subtracting any payments as received or credits as posted to your
account, and subtracting any payments as received or credits as posted to your
account, but excluding any unpaid finance charges. A finance charge will be
imposed on Cash Advances from the date made or from the first day of the billing
cycle in which the Cash Advance is posted to your account, whichever is later,
and will continue to accrue until the date of payment.
- The periodic rates and APR's are fixed rates, are determined
by the Board of Directors of the Credit Uni8on, and are subject to change
monthly. If the rates increase, your Finance Charge will increase and your
Minimum Payment Due may be greater.
September 1, 2002
|
|
