Visa Credit Card Disclosure
| METRO Federal Credit Union Credit Card Terms and Conditions | ||
| INTEREST RATE AND INTEREST CHARGES | ||
| Annual Percentage Rate (APR) for Purchases | VISA Classic 13.80% | VISA Platinum 11.80% |
| APR for Balance Transfers | VISA Classic 13.80% | VISA Platinum 11.80% |
| APR for Cash Advances | VISA Classic 13.80% | VISA Platinum 11.80% |
| Penalty APR and When it Applies | N/A | N/A |
| How to Avoid Paying Interest on Purchases | Your due date is at least 21 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. | |
| For Credit Card Tips from the Consumer Financial Protection Bureau (CFPB) | 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: NONE Cash Advance: NONE Foreign Transaction: 1.00% of each transaction in U.S. dollars | |
PENALTY FEES | Late Payment: up to $30.00 Over Credit Limit: NONE Returned Payment Fee: up to $25.00 | |
OTHER FEES
| Card Recovery Fee Card Replacement Fee Document Copy Fee PIN Replacement Fee Card Rush Fee Statement Copy Fee | $65.00 $10.00 $15.00 $10.00 $25.00 $5.00 |
How We Will Calculate Your Balance:
We use a method called “average daily balance (including new purchases).”
Effective Date:
The information about the costs of the card described in this application is accurate as of 1/1/2021. This information may have changed after that date. To find out what may have changed, please contact the Credit Union at 847-670-0456, ext. 2.
Other Fees & Disclosures:
Late Payment Fee is $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. IN the event you fail to make a payment on time in any of the six billing cycles following the initial violation, you will be charged $30.00 or the amount of the require3d minimum payment, whichever is less.
Returned payment fee is $25.00 or the amount of the required minimum payment, whichever is less.
Military Lending Act Disclosures:
Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account).