Platinum Visa Terms and Conditions - SkyOne Federal Credit Union

https://skyone.org/platinum-visa-terms-and-conditions.html

Platinum Visa  Terms and Conditions

®

Interest Rates and
Interest Charges

Introductory Annual
Percentage Rate (APR) for
Purchases and Balance
Transfers

Variable Annual
Percentage Rate (APR) for
Purchases and Balance
Transfers

Non-Variable Annual
Percentage Rate (APR) for
Purchases and Balance
Transfers

Variable Annual
Percentage Rate (APR) for
Cash Advances

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  Rates Eﬀective 04-22-2016

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3.99%

for purchases and balance transfers on your Platinum
Visa for the ﬁrst 90 days of opening your Platinum Visa,
and will remain in eﬀect for 12 months after the initial 90
days.

7.75% to 18.00%

after the introductory period ends. Your APR will vary
with the market based on the Prime Rate.

8.99% to 18.00%

after the introductory period ends.

7.75% to 18.00%

when you open your account, based on your
creditworthiness. After that, your APR will vary with the
market based on the Prime Rate.

Non-Variable Annual
Percentage Rate (APR) for
Cash Advances

8.99% to 18.00%

when you open your account, based on your
creditworthiness.

Variable Rate Information

Your annual percentage rate (APR) may vary monthly.
Your rate will be based on the U.S. (Fed) Prime Rate as of
the last day of the preceding month. Rates will be
determined on the 5th of each month.

Minimum Monthly
Payment

2% of the outstanding balance or $40, whichever is
greater.

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Platinum Visa Terms and Conditions - SkyOne Federal Credit Union

https://skyone.org/platinum-visa-terms-and-conditions.html

How to Avoid Paying
Interest on Purchases

Your due date is at least 25 days after the close of each
billing cycle. We will not charge you interest on
purchases if you pay your entire balance by the due date
each month.

For Credit Card Tips from
the Federal Reserve Board

To learn more about factors to consider when applying
for or using a credit card, visit the website of the Federal
Reserve Board.

Fees

Annual Fee

$0

Transaction Fees

Penalty Fees

• Balance Transfer: $0
• Cash Advance: $0
• Foreign Transaction: Visa International Service
Assessment Fee
          • Single Currency Transaction: 0.8% of transaction
          • Multiple Currency Transaction: 1.0% of
transaction

•   Late Payment: $25 for the ﬁrst violation, $30 for the
next violation(s) during the next 6 monthly billing cycles
•   Overlimit: $0
•   Return Payment: $0

Balance Computation
Method

Average daily balance including new purchases.

Finance Charge

Calculated using monthly periodic data.

All rates except the Introductory Annual Percentage Rate qualify for the 0.25% discount for automatic payments.
Without Autopay, your APR will be 0.25% higher.

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