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Visa Credit Card Rates
| Card Type | APR for Purchases | Cash Advance/ Balance Transfer APR | Penalty APR | Grace Period for Repayment of Balance for Purchases** | Method of Computing the Balance for Purchases | Annual Fee | Minimum Finance Charge |
|---|---|---|---|---|---|---|---|
| Platinum | 7.99% - 9.25% | 7.99% - 9.25% | 17.50% | 25 days on average | Average daily balance (including new purchases) | None | $0.50 |
| Platinum - Introductory Rate for New Accounts | 3.99%*** | 3.99% on balance transfers thru 12/31/08 | 17.50% | 25 days on average | Average daily balance (including new purchases) | None | $0.50 |
| Gold | 9.5% - 12.5% | 9.5% - 12.5% | 17.50% | 25 days on average | Average daily balance (including new purchases) | None | $0.50 |
| Classic | 12.5% - 16.5% | 12.5% - 16.5% | 17.50% | 25 days on average | Average daily balance (including new purchases) | None | $0.50 |
| Golden Owl* | 9.5% - 12.5% | 9.5% - 12.5% | 17.50% | 25 days on average | Average daily balance (including new purchases) | None | $0.50 |
| Starter/Student | 13.5% - 16.5% | 13.5% - 16.5% | 17.50% | There is no grace period | Average daily balance (including new purchases) | None | $0.50 |
Other Fees and Charges:
- Cash Advance: 1% of transaction/minimum $2
- Balance Transfer: None
- Late Payment: 3% of payment due Min $5/Max $15
- Overlimit: $10
The EECU VISA Platinum credit card offers the CURewards program. For every dollar charged to the card, a point is earned toward a valuable merchandise or travel award. For more information on the EECU VISA Platinum card contact the credit union. For a listing of CURewards rules, details, and redemption levels visit www.CURewards.com
*Golden Owl card available to members 62 and over. **A balance transfer is considered a cash advance. There is no grace period for cash advances. Penalty Interest Rate: A penalty rate applies if your payment becomes two billing cycles past due. A late fee is assessed if your payment is 15 or more days late. An overlimit fee is assessed if your balance exceeds the credit limit by the lesser of 120% or $500.
***Platinum Rewards VISA Introductory Promotion - 3.99% APR for purchases, balance transfers and certain cash advances between 06-01-08 and 12/31/08. Offer is for members who currently do not have an EECU VISA Platinum card and who apply by August 31, 2008. The introductory rate applies to purchases and balance transfers completed before 12/31/08. Cash Advance fee waived for balances transferred by phone, written request to EECU or by VISA convenience checks during promotional period. There is no balance transfer fee. A balance transfer is considered a cash advance. There is no grace period for cash advances. 3.99% APR introductory rate will remain in effect until promotional balances are paid in full unless your account becomes more than one cycle delinquent or you otherwise default under the terms of the VISA Agreement, in which case the promotional balance will convert to the regular APR and account terms then in effect. EECU loan or VISA balances transferred do not qualify for promotional APR or earn CURewards points. Earn double CURewards points, up to a maximum of 30,000 points, on purchases and balance transfers made during June, July and August 2008. For a listing of CURewards rules, details and redemption levels visit www.CURewards.com. For more information on the Visa Platinum card contact the credit union.
How Interest Rates Are Determined: To make loans available to as many members as possible, we offer a variety of rates. The actual rate of interest applicable to your loan will depend on a number of factors including, but not limited to, credit history and loan payments by automatic payment. The rate assigned will be disclosed to you before you become obligated. (A .50% discount for loan payment sby automatic payment is available on certain loan types.) Your reduced rate may be discontinued without advance notice in the month in which you stop making automated payments (Master Loan Disclosure, Section D,4.2). The rate reduction does not apply to VISA credit cards, certain unsecured loans or share secured loan sub-accounts.
For more information on card terms and conditions, please refer to the separate Visa Account Agreement and Disclosure. We may change the above rates, fees and other cost information at any time in accordance with applicable law and the Agreement sent with your card.
