501 S. Capitol Ave. | Lansing, MI 48933 
888.267.7200 | Fax 517.267.7024 
laketrust.org 

VISA PLATINUM ELITE 
WITH REWARDS OR CASHBACK  
Credit Card Account Opening Disclosures 

INTEREST RATES AND OTHER CHARGES 

Annual Percentage Rate  
(APR) for Purchases 

APR for Balance Transfers 

10.15% - 21.15% when you open your account, based on your creditworthiness. 
 After that, your APR will vary with the market based on the Prime Rate. 

13.15% - 23.99% when you open your account, based on your creditworthiness.  
This APR will vary with the market based on the Prime Rate. 

APR for Cash Advances 

13.15% - 23.99% when you open your account, based on your creditworthiness. 
 This APR will vary with the market based on the Prime Rate. 

Paying Interest  

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. 

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 Consumer Financial Protection Bureau at  
http://www.consumerfinance.gov/learnmore  

FEES 
Transaction Fees 
  Foreign Transaction 

Penalty Fees 
  Late Payment 
  Returned Payment Fee 

1% of each foreign currency transaction in U.S. dollars 

Up to $35 
Up to $25 

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).” See your account agreement for 
more details. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement. 

Other Disclosures: 

Late Payment Fee 

$25.00 or the amount of the required minimum payment, whichever is less. In the event you fail to make a 
payment on time in any of the six (6) billing cycles following the violation, you will be charged $35.00 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, per returned payment 

Statement Copy Fee 

$2.00 per statement 

Rush Fee 

Card Replacement Fee 

$20.00 per card 

$25.00 per card 

Research Fee 

$20.00 per hour, minimum of one (1) hour 

Stop Payment Fee 

$28.00 per request 

Sales Draft Copy Fee 

$5.00 per sales draft 

Periodic Rates: 
The Purchase APR is 10.15%-21.15% which is a monthly periodic rate of 0.8458% - 1.7625 %.  
The Cash Advance APR is 13.15%-23.99% which is a monthly periodic rate of 1.0958%-1.9992 %.  
The Balance Transfer APR is 13.15 %-23.99% which is a monthly periodic rate of 1.0958%-1.9992 %.  

Variable Rate: 
The ANNUAL PERCENTAGE RATE is subject to change on the first day of the billing period following the month in which the rate is calculated to 
reflect any change in the Index and will be determined by the Prime Rate on the 3rd Tuesday of March, June, September, and December of each year 
as published in The Wall Street Journal "Money Rates" table to which we add a margin. The ANNUAL PERCENTAGE RATE will never be greater 
than 23.99%. Any increase in the ANNUAL PERCENTAGE RATE will take the form of additional payments shown as Total Minimum Payments on the 
statement. If the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.  

Margin: 
Purchases will be charged at 6.90%-17.90% above the Index.  
Cash advances will be charged at 9.90%-20.90% above the Index.  
Balance transfers will be charged at 9.90%-20.90% above the Index.  

Effective 08.01.12 

RWD/CSHBK 1-5