Interest Rates and Interest Charges
Annual Percentage Rate (APR) for 
Purchases
APR for Balance Transfers

APR for Cash Advances
Penalty APR and When it Applies

How to Avoid Paying Interest on Purchases

Minimum Interest Charge

For Credit Card Tips from the Consumer 
Financial Protection Bureau

Fees
Transaction Fees
- Cash Advance Fee
- Foreign Transaction Fee
Penalty Fees
- Late Payment Fee
- Returned Payment Fee

CHELSEA COMMUNITY VISA
APPLICATION AND SOLICITATION DISCLOSURE

11.90%
5.90% Introductory APR for 180 days from the issuance of the card.

After than your APR will be 11.90%.
11.90%
15.90%

This APR may be applied to your account if you:

- Make a late payment

How Long Will the Penalty APR Apply? If your APRs are increased 
for this reason, the Penalty APR will apply until you make six (6) 
consecutive minimum payments when due.
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.

If you are charged interest, the charge will be no less than $0.50. 
The minimum interest charge will be charged on any dollar amount.
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.gov/learnmore.

$0.95
1.00% of each transaction in U.S. dollars

Up to $10.00
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 balance transfers and cash advances and apply the 
prevailing non-introductory APR if you are one (1) days late in making a payment.

Application of Penalty APR. Your APR may be increased to the disclosed Penalty 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 November 1, 2012.
This information may have changed after that date. To find out what may have changed, contact the Credit Union.
OTHER DISCLOSURES
Late Payment Fee

Returned Payment Fee

Rush Fee
Emergency Card Replacement Fee
Card Replacement Fee
Pay-by-Phone Fee
Copy of Sales Draft Fee
Original Sales Draft Fee

or the amount of the required minimum payment, whichever

$10.00   or the amount of the required minimum payment, whichever
is less, if you are 16 or more days late in making a payment.
$25.00
is less.
$20.00
$20.00
$10.00
$5.00
$2.00
$6.00

©CUNA Mutual Group 2009, 10, 12 All Rights Reserved

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