MTC Federal Credit Union

Disclosure Information

VISA^® Platinum^®

INTRODUCTORY APRs*

• Purchase APR
• Cash Advance ARP
• Balance Transfer APR

*APR = Annual Percentage Rate                                              

Purchases APRs:  5.9%, 7.9%, 11.9%, 13.9% based on creditworthiness**

Cash Advance APRs: 5.9%, 7.9%, 11.9%, 13.9% based on credit worthiness**

Balance Transfer APRs: 5.9%, 7.9%, 11.9%, 13.9% based on creditworthiness**

Penalty APR:  Two (2) cycles delinquent, APR reverts to the standard APR.  **Promotional rates are good for 24 months on transactions posted within one (1) month from the date that your new credit card account is opened.  After this promotion period, your new rate will be the standard APR.  (See cardholder agreement for details.)

STANDARD APRs

• Purchase APR
• Cash Advance APR
• Balance Transfer APR
• Penalty APR

Purchases APRs: 8.9%, 10.9%, 14.9% or 16.9% based on creditworthiness

Cash Advance APRs: 8.9%, 10.9%, 14.9% or 16.9% based on creditworthiness

Balance Transfer APRs: 8.9%, 10.9%, 14.9%, 16.9% based on creditworthiness

Penalty APR: 18%  (See cardholder agreement for details.)

Grace Period for Repayment of Balances for Purchases

You will have a minimum of 25 days without a finance charge on new purchases if the total new balance is paid in full each month by the payment due date.

Method of computing the balance for purchases and cash advances

Purchases: Average Daily Balance Method - Interest is calculated, billed and reported at cycle time.

Cash Advances: Average Daily Balance Method - Interest is calculated, billed and reported from date of transaction.  (See cardholder agreement for details.)

Minimum Finance Charge

None

Annual Fee

None

Cash Advance Fee

3%, $5 minimum, $30 maximum

Other Fees

• Late Payment Fee:  $25
• Over the Limit Fee:  $25
• Balance Transfer Fee:  None
• Returned Check Fee:  $27
• Card Replacement Fee:  $5
• PIN Replacement Fee:  $3
• Foreign Transaction Fee:  1% of transaction