Visa Mortgage Advantage 
Credit Card Disclosure 

The information about costs of the card described in this disclosure is accurate as of January 1, 2018. Contact us 
at the address or phone number in this disclosure to find out what may have changed since this date. 

Interest Rates And Interest Charges 

ANNUAL PERCENTAGE RATE (APR) For Purchases 

Prime + 5.99 to 18% 

APR For Balance Transfers 

APR For Cash Advances 

Prime + 5.99 to 18% 

Prime + 7.99 to 18% 

Rates shown are variable and subject to change. Your rate may vary based on individual creditworthiness and our 
underwriting standards. This APR will vary with the market based on U.S. Prime Rate. Rates capped at 18%. 

18.00% may be applied to your account if you:  

(1)  Make a late payment 
(2)  Go over your credit limit 
(3)  Make a payment that is returned; or 
(4)  Do any of the above on another account you have with us 

Penalty  APR and 
When It Applies 

Paying Interest 

Minimum Payment 

How  long will the  Penalty APR  apply? If  your APRs are increased for any of these 
reasons, the Penalty APR will only apply for the next six months if you make the next six (6) 
consecutive minimum payments when due; and you do not again default on these 
conditions during this time. If you fail to make the next six (6) monthly payments when due, 
the Penalty APR will continue to apply until the account is paid in full and closed. 

If  you  receive a  penalty rate  and  you have  a  Visa Platinum ScoreCard Rewards or (Cash 
Back, you will no longer be eligible for Rewards or Cash Back benefits. 

Your due date is at least 25 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. 
We will begin charging interest on cash advances and balance transfers on the transaction 
date. 
The minimum payment is the greater of 2% of the total new balance, or $35, or the total new 
balance if less than $35. If the balance exceeds the limit, the minimum payment is $35 plus 
the amount over the limit or 2% of the balance, plus the amount over the limit. 

Credit Card Tips From 
The Consumer Financial 
Protection 

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://consumerfinance.gov/learnmore. 

Fees 

Set Up/Maintenance Fee  There is no set up or maintenance fee on your account. 

Transaction Fees 

Balance Transfer: 

3% or $10 whichever is greater 

Foreign Transaction: 

Up to 
2.80% 

Cash Advance: 

3% or $10 whichever is greater  Credit Card Recovery:  $75 

Visa Receipt Copy: 

$2 plus research costs 

Research: 

$10 per 
hour  

Billing Statement Copy:   $5  

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

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Penalty Fees 

Late Payment Fee: $27* on the 1st occurrence or $35* for each additional occurrence if the 
payment is not made by the due date. 

Returned Payment Fee: $25* on each occurrence. 

*Or less as restricted by law. The fee amount will not exceed the amount of your minimum payment. 

How we will calculate your balance: Average Daily Balance method is figured by adding the outstanding balance (including 
new purchases, and deducting payments and credits) for each day in the billing cycle and dividing the total of each day by 
the number of days in the billing cycle. 

How we will calculate your variable APRs: We will add a “Margin” to the U.S. Prime Rate to determine your standard 
variable APR. The U.S. Prime Rate is 4.50 percentage points as of 1/1/2018 (Date of last change). After a change to the 
Prime Rate, the new rate will be applied at the start of your next monthly billing cycle. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your 
account agreement. 

Security for Advances and Purchases: The Credit Union will acquire a security interest in the property purchased 
with your Credit Card; and collateral securing other loans with us may also secure this account.  Also, you are 
giving us a security interest in your shares and other deposits in the Credit Union. 

Requirements: You will need to maintain a mortgage loan at the Credit Union to qualify for card. If your mortgage loan is 
paid off after receiving your Visa Mortgage Advantage Credit Card, then by June 1 of the following year, your Visa Mortgage 
Advantage Credit Card will be closed. You may apply for, and if approved, transfer to another Credit Union credit card 
product.  

Cash Back: 1% of all transactions within the year will be credited to the principal of your Credit Union mortgage loan in the 
month of April. If your Credit Union mortgage loan is paid-in-full, then the cash back will go to your Visa Mortgage 
Advantage Credit Card. If your Visa Mortgage Advantage Credit Card is paid-in-full, then the cash back will go to your 
Primary Savings Account. 

If your Visa Mortgage Advantage Credit Card is closed within the calendar year, then cash back will be forfeited. If there is a 
balance, you will be required to pay it in full or you may apply for, and if approved, transfer to another Credit Union credit 
card product.  

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

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Comm.Rev 1/18