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Credit Card Disclosure | FORUM Credit Union
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Application Disclosure
Interest Rate and Interest Charges
Annual Percentage Rate (APR) for Purchases	2.99% Introductory APR, for qualifying members, for one year from account opening. After that, or if you do not qualify for the Introductory APR, your APR will be 9.49% to 15.49%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers	2.99% Introductory APR, for qualifying members, for one year from account opening. After that, or if you do not qualify for the Introductory APR, your APR will be 9.49% to 15.49%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
APR for Cash Advances	2.99% Introductory APR, for qualifying members, for one year from account opening. After that, or if you do not qualify for the Introductory APR, your APR will be 9.49% to 15.49%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies	None
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 any interest on purchases if you pay your statement balance by the due date each month.
Minimum Interest Charge	None
For Credit Card Tips from the Consumer Financial Protection Bureau	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://www.consumerfinance.qov/leammore C?
Fees
Annual Fee	None
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Credit Card Disclosure | FORUM Credit Union
Transaction Fees
• Balance Transfer	None
• Cash Advance	None
• Foreign Transaction	None
Penalty Fees
•	Late Payment	Up to $18.00
•	Over-the-Credit-Limit	None
•	Returned Payment	Up to $25.00
How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).”
Loss of Introductory APR: We may end your introductory APR for purchases, balance transfers and cash advances and apply the prevailing non-introductory APR if you are 60 days late in making a payment.
Effective Date: The information about the costs of the card described in this application is accurate as of: December 20, 2018. This information may have changed after that date. To find out what may have changed, contact the Credit Union.
For California Borrowers, the Mastercard is a secured credit card. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are covered borrower under the Military Lending Act your credit card will be secured by any specific Pledge of Shares you grant us but will not be secured by all shares you have in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.
Other Fees & Disclosures:
Late Payment Fee: $18.00 or the amount of the required minimum payment, whichever is less.
Returned Payment Fee: $25.00 or the amount of the required minimum payment, whichever is less, if you are one or more days late in making a payment.
Document Copy Fee: $5.00
Statement Copy Fee: $5.00
Expedited 2-day Replacement Card Fee: $35.00
Expedited 1-day Replacement Card Fee: $55.00
Research Fee: $30.00 per hcur (minimum fee cf $30.00)
Mastercard and the Mastercard Bank Mark are registered trademarks cf Mastercard International Incorporated.
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