CREDIT CARD AGREEMENT
Greater
KEMBA CREDIT UNION, INC.
P. O. BOX 14090
AND FEDERAL DISCLOSURE STATEMENT
Firefighters
CINCINNATI, OH 45250
THIS IS YOUR CREDIT CARD AGREEMENT AND IT INCLUDES NECESSARY FEDERAL
Credit Union
(800) 825-3622
TRUTH-IN-LENDING DISCLOSURE STATEMENTS, VISA, SHARE SECURED VISA, VISA
PLATINUM, VISA GOLD, GCFCU VISA, MASTERCARD AND SHARE SECURED MASTERCARD
KEMBA
Cincinnati
FAX (513) 762-1619
AGREEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE OF YOUR VISA,
(513) 762-5070
Division of Kemba Credit Union
SHARE SECURED VISA, VISA GOLD, VISA PLATINUM, GCFCU VISA, MASTERCARD AND
SHARE SECURED MASTERCARD CREDIT CARDS AND/OR OTHER ACCOUNT ACCESS DEVICE.
PLEASE BE CERTAIN TO READ THIS AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF
ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
VISA:
%
For Purchases
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Platinum:
%
Share Secured VISA:
%
GCFCU VISA:
%
Share Secured MasterCard:
%
MasterCard:
%
Annual Percentage Rate (APR)
VISA:
%
For Balance Transfers
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Platinum:
%
Share Secured VISA:
%
GCFCU VISA:
%
Share Secured MasterCard:
%
MasterCard:
%
Annual Percentage Rate (APR)
VISA:
%
For Cash Advances
This APR will vary with the market based on the Prime Rate.
VISA Gold:
%
This APR will vary with the market based on the Prime Rate.
VISA Platinum:
%
Share Secured VISA:
%
GCFCU VISA:
%
Share Secured MasterCard:
%
MasterCard:
%
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 25 days of Your statement closing date. We will begin charging interest on
cash advances and balance transfers on the transaction date.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a Credit Card,
the Consumer Financial
visit the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Annual Fee
For MasterCard, Share Secured MasterCard and Share Secured VISA, $25.00
SEE TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2013-2017. All Rights Reserved.
Page 1 of 4
OTBS 016CC FRB_Web KEMB (1/17)
Rev. (6/16)
Fees (continued)
Transaction Fees
Foreign Transaction
1.00% of each transaction in U.S. dollars.
Balance Transfer
2.00% of each transfer ($2.00 minimum - $50.00 maximum).
Cash Advance
2.00% of each advance ($2.00 minimum - $50.00 maximum).
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $25.00
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your
Account Agreement for details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in Your Account
Agreement.
SEE PAGE 1 for more important Information about Your Account
In this Agreement, the reference to "We," "Us," "Our" and "Credit Union" mean KEMBA CREDIT UNION, INC. The words "You" and "Your" mean each person accepting
this Agreement. If this is a joint account, read singular pronouns in the plural. The words "Card" and "Credit Card" mean any VISA, Share Secured VISA, VISA Gold,
Visa Platinum, GCFCU VISA, MasterCard and/or Share Secured MasterCard Credit Card issued to You by Us and any duplicates or renewals We may issue.
"Convenience Checks" mean the special Account access devices that We may provide for Your use from time to time.
Current
Current
Current
Type of Credit Card
Variable Rate
Margin
Daily Periodic
Annual Percentage
Index Value
Rate
Rate
VISA
%
%
%
%
VISA Gold
%
%
%
%
Share Secured VISA
%
%
VISA Platinum
%
%
GCFCU VISA
%
%
MasterCard
%
%
Share Secured MasterCard
%
%
You understand the following terms constitute the Agreement:
CREDIT LIMITS. You will be notified of Your specific Credit Limit for transactions
made under Your Account. Unless You are in default, Your Credit Limit will be
PROMISE TO PAY. Your Account may be accessible through a variety of
self-replenishing as You make payments on Your Account. You will keep Your
means which could include advance request forms, vouchers, checks, charge
unpaid balance within Your Credit Limit, and You will pay any amount over Your
slips, Credit Cards, Convenience Checks and the like. Regardless of the access
Credit Limit on Our demand whether or not We authorize the advance which
means, You promise to pay Us all amounts charged to Your Account by You or
caused You to exceed Your Credit Limit. Even if Your unpaid balance is less than
by any user who has access to Your Account, with actual, apparent or implied
Your Credit Limit, You will have no credit available during any time that any
authority for use of Your Account, including Finance Charges and other fees or
aspect of Your Account is in default.
charges described herein.
ACCOUNT RESTRICTIONS. In order to receive and maintain a Share Secured
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for
VISA or Share Secured MasterCard, You agree to give Us a specific pledge of
the repayment of amounts owed. You understand that any Card which is
shares which will be equal to 125% of Your Credit Limit. In the event that You
requested and approved, will be mailed only to the primary Borrower at the
default on Your Account, We may apply these shares toward the repayment of
address that We have on file for You. We may refuse to follow any instructions
any amount owed on Your Account.
which run counter to this provision.
FINANCE CHARGES. In the case of any transactions on Your Account, the
OWNERSHIP. All access devices remain Our property and may be cancelled by
balances subject to the periodic Finance Charge are the average daily transactions
Us at any time without notice. You agree to surrender any such access device
balances outstanding during the month (including new transactions). To get the
and to discontinue its use immediately upon Our request.
average daily balance, We take the beginning balance of Your Account each day,
add any new purchases, balance transfers, cash advances, insurance premiums,
debit adjustments or other charges and subtract any payments, credits and unpaid
USE OF YOUR CARD. You may use Your Card to buy goods and services in
Finance Charges or Late Charges. This gives Us the daily balance. Then, We add
any place that it is honored and to get cash advances from Us or another
up all the daily balances for the billing cycle and divide them by the number of days
financial institution. If You are issued a cash advance draft, it will be imprinted
in the billing cycle. The Finance Charge for a billing cycle is computed by
with Your Card and You will receive a copy of the draft. You agree not to use
multiplying the average daily balance subject to a Finance Charge by the Daily
Your Card for illegal transactions including, but not limited to, advances made for
Periodic Rate times the number of days in the billing cycle.
the purpose of gambling and/or wagering where such practices are in violation of
applicable state and/or federal law.
You can avoid Finance Charges on purchases by paying the full amount of the
entire balance owed each month within 25 days of Your statement closing date.
ISSUANCE OF PERSONAL IDENTIFICATION NUMBER. We will issue You a
Otherwise, the new balance of purchases, and subsequent purchases from the
Personal Identification Number (PIN) for use with Your Card. This PIN is
date they are posted to Your Account, will be subject to a Finance Charge. Cash
confidential and should not be disclosed to anyone. You may use Your PIN and
advances and balance transfers are always subject to a Finance Charge from the
Your Card to access Your Account and all sums advanced will be added to Your
date they are posted to Your Account.
Account balance. In the event a use of Your PIN constitutes an Electronic Fund
Transfer, the terms and conditions of Your Electronic Fund Transfer Agreement
VISA AND VISA GOLD VARIABLE INTEREST RATE. All VISA and VISA Gold
may affect Your rights.
transactions are subject to a Variable Rate which is based on the most recent
Copyright Oak Tree Business Systems, Inc., 2013-2017. All Rights Reserved.
Page 2 of 4
OTBS 016CC KEMB (1/17)
Rev. (6/16)
Prime Rate available as published in the Money Rates Section of The Wall Street
OTHER FEES AND CHARGES. You will be charged the following fees and
Journal and will be the most recent rate available on the last day of each calendar
charges associated with the use of Your Credit Card: (a) the lesser of $25.00 or
quarter of each year ("Index") plus Our Margin. The Index plus the Margin equals
the required minimum payment amount for the returned payment for any check
the Interest Rate. Changes in the Index will cause changes in the Interest Rate on
(or other negotiable instrument used for payment) which is returned unpaid; (b)
the first day of the first statement cycle following the end of each calendar quarter
$5.00 for each sales draft copy You request; (c) a cash advance fee FINANCE
of each year. Increases or decreases in the Interest Rate will cause like increases
CHARGE in an amount equal to 2.00% of the total amount advanced, subject to
or decreases in the Finance Charge and will affect the number of Your scheduled
a minimum of $2.00 and a maximum of $50.00; (d) a balance transfer fee
payments. Your Interest Rate will never be greater than 18.00%.
FINANCE CHARGE in an amount equal to 2.00% of the total amount
transferred, subject to a minimum of $2.00 and a maximum of $50.00; and (e)
MINIMUM MONTHLY PAYMENT. Though You need only pay the Minimum
$20.00 for each Card that You request be delivered on an expedited basis.
Monthly Payments, You understand that You have the right to repay Your
Account or make larger payments at any time without penalty. You will only be
DEFAULT. You will be in default if: (a) You do not make any payment or perform
charged periodic Finance Charges to the date You repay Your entire Account
any obligation under this Agreement, or any other agreement that You may have
balance. Any partial payment or prepayment of Your Account will not delay Your
with Us; or (b) You should die, become involved in any insolvency, receivership
next scheduled payment. All payments to Us must be in lawful money of the
or custodial proceeding brought by or against You; or (c) You have made a false
United States.
or misleading statement in Your credit application and/or in Your representations
to Us while You owe money on Your Account; or (d) A judgment or tax lien
Payments will be applied in the following order: (a) any Fees and Charges owing;
should be filed against You or any attachment or garnishment should be issued
(b) any Finance Charges due; (c) the balance for cash advances; (d) the balance
against any of Your property or rights, specifically including anyone starting an
for balance transfers; and then to (e) the balance for purchases.
action or proceeding to seize any of Your funds on deposit with Us and/or (e)
We should, in good faith, believe Your ability to repay Your indebtedness
Any unpaid portion of any Finance Charges and Late Charges will be paid by
hereunder is or soon will be impaired, time being of the very essence.
subsequent payments and will not be added to the principal. You understand that
any payment that delays the repayment of Your unpaid balance will increase
If You are in default, We may, without notice or demand, and to extent permitted
Your Finance Charge and any payment that accelerates the reduction of Your
by law, cancel Your rights under this Agreement, declare the entire unpaid
unpaid balance will decrease Your Finance Charges.
balance immediately due and payable and require the return of all Cards and
other Account Access devices.
Minimum Monthly Payments for advances on Your Account will be an amount
equal to 2.00% of Your balance at the end of each billing cycle, subject to the
COLLECTION COSTS. To the extent permitted by law, You will reimburse Us
lesser of $10.00 or Your Account balance, plus any portion of the Minimum
for all of Our costs and expenses, including reasonable attorneys' fees incurred
Payments shown on prior statement(s) which remains unpaid, plus any amount
in the course of collecting any amounts owed under this Agreement or for the
that exceeds Your approved Credit Limit.
recovery of any collateral.
CONSENSUAL LIEN ON SHARES. As permitted by law, You grant and
CREDIT INSURANCE. Credit insurance is not required for any extension of
consent to a lien on Your shares or other deposit accounts with Us (other
credit under this Agreement. However, You may purchase any credit insurance
than those deposits established under a governmental-approved tax
available through Us and have the premiums added to the outstanding balance
deferral plan such as an IRA or Keogh account) and any dividends due or
of Your Account. If You elect to do so, You will be given the necessary
to become due to You from Us to the extent You owe on any unpaid
disclosures and documents separately. Any credit insurance premiums will be
Credit Card balance.
charged to Your Account as a purchase.
OTHER SECURITY. Collateral (other than household goods or any dwelling)
ENFORCEMENT. We do not lose Our rights under this or any related agreement
given as security under this Agreement or for any other loan You may have with
if We delay enforcing them. We can accept late payments, partial payments, or
Us will secure all amounts You owe Us now and in the future if that status is
any other payments, even if they are marked "paid in full" without losing any of
reflected in the "Truth-in-Lending Disclosure" in any particular Agreement
Our rights under this Agreement. If any provision of this or any related
evidencing such debt.
agreement is determined to be unenforceable or invalid, all other provisions
remain in full force and effect.
PERIODIC STATEMENT. On a regular basis, You will receive a statement
showing all transactions on Your Account including amounts paid and borrowed
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your
Account. You will not be liable for the unauthorized use that occurs after You
since Your last statement. We will mail You a statement each billing cycle in
which there is a debit or credit balance or when a Finance Charge is imposed.
notify Us orally and in writing at the address or telephone number shown in this
We need not send You a statement if We feel Your Account is uncollectible or if
Agreement, of the loss, theft, or possible unauthorized use. In any case, Your
We have started collection proceedings against You because You defaulted.
liability will not exceed $50.00.
Each statement is deemed to be a correct statement of account unless You
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly in writing
if You move or otherwise have a change of address.
establish a billing error pursuant to the Federal Truth-In-Lending Act.
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are
CHANGE IN TERMS. We may change the terms of this Agreement by
mailing or delivering to You written notice of the changes as prescribed
under no obligation to honor Your Convenience Checks if: (1) by paying
a
Convenience Check, You would exceed Your Credit Limit; (2) Your Cards or
by the Federal Truth-In-Lending Act. To the extent permitted by law, the right
to change the terms of this Agreement includes, but is not limited to, the
Convenience Checks have been reported lost or stolen; (3) Your Account has
right to change the periodic rate applicable to Your unpaid balance and/or
been cancelled or has expired; and (4) a Convenience Check is used for
future advances.
payment on this or any other loan Account with Us. If a postdated Convenience
Check is paid and, as a result, any other Convenience Check is returned unpaid,
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not
We are not responsible for any resulting loss or liability.
liable for the refusal or inability of merchants, financial institutions and others to
accept the Cards or Convenience Checks, or electronic terminals to honor the
TRANSACTION SLIPS. Your periodic statement will identify the merchant,
Cards or complete a Card withdrawal, or for their retention of the Cards or
electronic terminal or financial institution at which transactions were made, but
Convenience Checks.
sales, cash advances, credit or other slips will not be returned with the statement.
You will retain the copy of such slips furnished at the time of the transaction in
LOST CARDS. To report lost or stolen Credit Cards, You will call Us
order to verify Your monthly statement.
immediately at (800) 825-3622 or (513) 762-5070 or, You can write to Us at
Box 14090, Cincinnati, OH, 45250-0090.
CREDITS. If a merchant who honors Your Card gives You credit for returns or
adjustments, the merchant will do so by sending Us a slip which will be posted to
FOREIGN TRANSACTIONS. For transactions initiated in foreign currencies, the
Your Account. If Your credits and payments exceed what You owe Us, We will
exchange rate between the transaction currency and the billing currency (U.S.
hold and apply this credit against future purchases and cash advances, or if it is
dollars) will be: (a) a rate selected by VISA and/or MasterCard, as is applicable,
$1.00 or more, refund it on Your written request or automatically deposit it to Your
from the range of rates available in wholesale currency markets for the
share account after 6 months.
applicable central processing date, which rate may vary from the rate VISA or
MasterCard itself receives; or (b) the government-mandated rate in effect for the
LATE CHARGE. If Your payment is not received within 55 days of the Statement
applicable central processing date.
Closing Date of the statement for which that payment is due, You will be charged
the lesser of: (a) the amount of the minimum payment due; or (b) $25.00.
For all transactions, You will be charged 1.00% calculated on the final
settlement amount.
ANNUAL MEMBERSHIP FEE. MasterCard, Share Secured MasterCard and
Share Secured VISA accountholders will be charged a non-refundable Annual
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or
Cardholder fee of $25.00 per year for Your continued participation in that
other slips You may sign or receive when using the Card contain terms,
particular Credit Card accessible program. This annual fee is required each year
this Agreement is the contract which solely applies to all transactions involving
in order to continue Your credit availability. We will automatically post this fee to
Your Account.
Your Account on the first day of the billing cycle in which it is due. You can avoid
paying it by sending written notification of termination of Your Account within 30
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this
days following the mailing date of the statement on which it appears.
Agreement. By signing the Application and Your Credit Card, by using the Card,
Copyright Oak Tree Business Systems, Inc., 2013-2017. All Rights Reserved.
Page 3 of 4
OTBS 016CC (1/17)
Rev.
(6/16)
by using Your Account or by authorizing another to use Your Account, You
2)
Within 90 days of receiving Your letter, We must either correct the error or
agree to accept its terms.
explain to You why We believe the bill is correct.
INTEGRATED DOCUMENTS. Any separate sheet of paper labeled "Additional
While We investigate whether or not there has been an error:
Disclosure - Federal Truth-In-Lending Act" which is delivered to You and relates
to this Agreement is an integrated part of this Agreement and Disclosure.
We cannot try to collect the amount in question, or report You as
delinquent on that amount.
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide
The charge in question may remain on Your statement, and We may
facts to update personal information or other financial information related to You,
continue to charge You interest on that amount.
at Our request. You also agree that We may, from time to time, as We deem
While You do not have to pay the amount in question, You are responsible
necessary, make inquiries pertaining to Your employment, credit standing and
for the remainder of Your balance.
financial responsibility in accordance with applicable laws and regulations. You
We can apply any unpaid amount against Your Credit Limit.
further agree that We may give information about the status and payment history
of Your Account to consumer credit reporting agencies, a prospective employer
After We finish Our investigation, one of two things will happen:
or insurer, or a state or federal licensing agency having any apparent legitimate
business need for such information.
If We made a mistake: You will not have to pay the amount in question or
any interest or other fees related to that amount.
TERMINATION. Subject to applicable law, either You or We may cancel Your
If We do not believe there was a mistake: You will have to pay the amount in
Account at any time whether or not You are in default. You will, in any
question, along with applicable interest and fees. We will send You a
case, remain liable to pay any unpaid balances according to the terms of
statement of the amount You owe and the date payment is due. We may
this Agreement.
then report You as delinquent if You do not pay the amount We think
You owe.
GOVERNING LAW. This Agreement is controlled and governed by the laws of
the State of Ohio except to the extent that such laws are inconsistent with
If You receive Our explanation but still believe Your bill is wrong, You must write
controlling federal law.
to Us within 10 days telling Us that You still refuse to pay. If You do so, We
cannot report You as delinquent without also reporting that You are questioning
Your Billing Rights: Keep this Document for Future Use
Your bill.
This notice tells You about Your rights and Our responsibilities under the Fair
We must tell You the name of anyone to whom we reported You as delinquent,
Credit Billing Act.
and We must let those organizations know when the matter has been settled
between Us. If We do not follow all of the rules above, You do not have to pay
What To Do If You Find A Mistake On Your Statement
the first $50.00 of the amount You question even if Your bill is correct.
If You think there is an error on Your statement, write to Us at Our address
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
shown in this Agreement. In Your letter, give us the following information:
If
You are dissatisfied with the goods or services that You have purchased with
Account information: Your name and Account number.
Your Credit Card, and You have tried in good faith to correct the problem with
Dollar amount: The dollar amount of the suspected error.
the merchant, You may have the right not to pay the remaining amount due on
Description of problem: If You think there is an error on Your bill, describe
the purchase. To use this right, all of the following must be true:
what You believe is wrong and why You believe it is a mistake.
1) The purchase must have been made in Your home state or within 100 miles
You must contact Us:
of Your current mailing address, and the purchase price must have been
more than $50.00. (Note: Neither of these are necessary if Your purchase
Within 60 days after the error appeared on Your statement.
was based on an advertisement We mailed to You, or if We own the
At least three business days before an automated payment is scheduled, if
company that sold You the goods or services.)
You want to stop payment on the amount You think is wrong.
2) You must have used Your Credit Card for the purchase. Purchases made
with cash advances from an ATM or with a check that accesses Your Credit
What Will Happen After We Receive Your Letter
Card account do not qualify.
3) You must not yet have fully paid for the purchase.
You must notify Us of any potential errors in writing. You may call Us, but if You
do We are not required to investigate any potential errors and You may have to
If all of the criteria above are met and You are still dissatisfied with the purchase,
pay the amount in question.
contact Us in writing at Our address shown in this Agreement.
When We receive Your letter, We must do two things:
While We investigate, the same rules apply to the disputed amount as discussed
above. After We finish Our investigation, We will tell You Our decision. At that
1) Within 30 days of receiving Your letter, We must tell You that We received
point, if We think You owe an amount and You do not pay, We may report You
Your letter. We will also tell You if We have already corrected the error.
as delinquent.
Copyright Oak Tree Business Systems, Inc., 2013-2017. All Rights Reserved.
Page 4 of 4
OTBS (1/17)
Rev. (6/16)
PRICING INFORMATION ADDENDUM
Greater
KEMBA CREDIT UNION, INC.
P. . O. BOX 14090
CREDIT CARD ACCOUNT
Firefighters
CINCINNATI, OH 45250
Credit Union
AGREEMENT AND DISCLOSURE
(800) 825-3622
KEMBA
Cincinnati
FAX (513) 762-1619
THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR VISA,
Division of Kemba Credit Union
(513) 762-5070
SHARE SECURED VISA, VISA GOLD, VISA PLATINUM, GCFCU VISA, MASTERCARD AND
SHARE SECURED MASTERCARD CREDIT CARDS. PLEASE BE CERTAIN TO READ THIS
ADDENDUM CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
VISA:
10.74%
For Purchases
This APR will vary with the market based on the Prime Rate.
VISA Gold:
8.49%
This APR will vary with the market based on the Prime Rate.
VISA Platinum:
9.90%
Share Secured VISA:
18.00%
GCFCU VISA:
12.90%
Share Secured MasterCard:
18.00%
MasterCard:
13.90%
Annual Percentage Rate (APR)
VISA: 10.74%
For Balance Transfers
This APR will vary with the market based on the Prime Rate.
VISA Gold: 8.49%
This APR will vary with the market based on the Prime Rate.
VISA Platinum: 9.90%
Share Secured VISA: 18.00%
GCFCU VISA: 12.90%
Share Secured MasterCard: 18.00%
MasterCard: 13.90%
Annual Percentage Rate (APR)
VISA: 10.74%
For Cash Advances
This APR will vary with the market based on the Prime Rate.
VISA Gold: 8.49%
This APR will vary with the market based on the Prime Rate.
VISA Platinum: 9.90%
Share Secured VISA: 18.00%
GCFCU VISA: 12.90%
Share Secured MasterCard: 18.00%
MasterCard: 13.90%
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed each
month within 25 days of Your statement closing date. We will begin charging interest on
cash advances and balance transfers on the transaction date.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a Credit Card,
the Consumer Financial
visit the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Annual Fee
For MasterCard, Share Secured MasterCard and Share Secured VISA, $25.00
SEE TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2013-2017. All Rights Reserved.
Page 1 of 2
OTBS 016A CC FRB_Web KEMB (1/17)
Rev. (1/17)
Fees (continued)
Transaction Fees
Foreign Transaction
1.00% of each transaction in U.S. dollars.
Balance Transfer
2.00% of each transfer ($2.00 minimum - $50.00 maximum).
Cash Advance
2.00% of each advance ($2.00 minimum - $50.00 maximum).
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $25.00
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See
Your
Account Agreement for details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in Your Account
Agreement.
SEE PAGE 1 for more important Information about Your Account
FINANCE CHARGES. In the case of any transactions on Your Account, the balances subject to the periodic Finance Charge are the average daily transactions
balances outstanding during the month (including new transactions). To get the average daily balance, We take the beginning balance of Your Account each day, add
any new purchases, balance transfers, cash advances, insurance premiums, debit adjustments, or other charges and subtract any payments, credits, and unpaid
Finance Charges or Late Charges. This gives Us the daily balance. Then, We add up all the daily balances for the billing cycle and divide them by the number of days in
the billing cycle. The Finance Charge for a billing cycle is computed by multiplying the average daily balance subject to a Finance Charge by the Daily Periodic Rate
times the number of days in the billing cycle.
You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month within 25 days of Your statement closing date.
Otherwise, the new balance of purchases, and subsequent purchases from the date they are posted to Your Account, will be subject to a Finance Charge. Cash
advances and balance transfers are always subject to a Finance Charge from the date they are posted to Your Account.
VISA is subject to a current Daily Periodic Rate of 0.029425% (corresponding ANNUAL PERCENTAGE RATE 10.74%).
VISA Gold is subject to a current Daily Periodic Rate of 0.023261% (corresponding ANNUAL PERCENTAGE RATE 8.49%).
Share Secured VISA is subject to a Daily Periodic Rate of 0.049315% (corresponding ANNUAL PERCENTAGE RATE 18.00%).
VISA Platinum is subject to a Daily Periodic Rate of 0.027123% (corresponding to an ANNUAL PERCENTAGE RATE of 9.90%).
GCFCU VISA is subject to a Daily Periodic Rate of 0.035342% (corresponding ANNUAL PERCENTAGE RATE 12.90%).
MasterCard is subject to a Daily Periodic Rate of 0.038082% (corresponding ANNUAL PERCENTAGE RATE 13.90%).
Share Secured MasterCard is subject to a Daily Periodic Rate of 0.049315% (corresponding ANNUAL PERCENTAGE RATE 18.00%).
VISA AND VISA GOLD VARIABLE INTEREST RATE. All VISA and VISA Gold transactions are subject to a Variable Rate which is based on the most recent Prime
Rate available as published in the Money Rates Section of The Wall Street Journal and will be the most recent rate available on the last day of each calendar quarter of
each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of
the first statement cycle following the end of each calendar quarter of each year. Increases or decreases in the Interest Rate will cause like increases or decreases in
the Finance Charge and will affect the number of Your scheduled payments. Your Interest Rate will never be greater than 18.00%.
The applicable Margins are as follows: VISA 6.99%; and VISA Gold 4.74%.
Copyright Oak Tree Business Systems, Inc., 2013-2017. All Rights Reserved.
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