Visa Credit Builder Secured 
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 + 13% to 18% 

APR For Balance Transfers 

APR For Cash Advances 

Prime + 13% to 18% 

Prime + 15% to 18% 

*Rates shown are variable and subject to change. This APR will vary with the market based on U.S. Prime Rate. Rates are capped at 18%. 

18% 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 

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, you will 
no longer be eligible for Rewards 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. 

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. 

Penalty  APR and 
When It Applies 

Paying Interest 

Minimum Payment 

Credit Card Tips 
From The Consumer 
Financial Protection 

Fees 

Annual Fee 

$29 

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  
Late Payment Fee: $27+ on the first occurrence or $35+ for each additional occurrence if 
the payment is not made by the due date. 

Transaction Fees 

Penalty Fees 

+Or less as restricted by law. The fee amount will not exceed the amount of your minimum payment. 

Returned Payment Fee: $25+ on each occurrence. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

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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 Interest: You have entered into a Security Agreement which (1) grants us a security interest in the Marine FCU 
share that you opened in connection with your Credit Card and (2) gives us certain rights upon a Default (as defined in the 
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. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

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