Rewards and Cash Back

Select and Select Secured

INTEREST RATES AND INTEREST CHARGES

Annual Percentage Rate 
(APR) for Purchases and 
Cash Advances

Annual Percentage Rate 
(APR) for Balance 
Transfers

Paying Interest

10.45% to 20.45%
depending on your credit history. 
This APR will vary with the market 
based on the Prime Rate*.

8.45% to 19.45% depending on 
your credit history. This APR will vary 
with the market based on the Prime 
Rate*.

1.99% Introductory APR through your December 2020 billing period for any 
transfers completed by 6/30/2020. 

After that, and for any transfers completed after 6/30/2020, your Standard APR 
will be the APR for Purchases and Cash Advances referenced above. 

Your due date is at least 25 days after the close of each billing cycle. We will not 
charge you interest on new purchases or balance transfers if you pay your 
entire balance by the due date each month. We will begin charging interest on 
cash advances on the date the cash advance is posted to your account.

None

FEES
Fees to Open or 

(cid:120) Annual
(cid:120) Application

Transaction Fees

(cid:120) Balance Transfer
(cid:120) Cash Advance
(cid:120) Foreign Transaction

Penalty Fees

None
4% of advanced amount ($10 minimum)
None

(cid:120) Late Payment
(cid:120) Over-the-Credit Limit
(cid:120) Returned Payment

Up to $25 if your payment is late
None
None 

How we will calculate your balance: We use a method called “average daily balance (including new 
purchases).”

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is 
provided in your account agreement.

*Variable Rate Information: Your rate may increase or decrease if the Prime Rate as published in the Wall 
Street Journal 5 days before the end of the month prior to a rate change increases or decreases. Your rate 
can change monthly on the first day of each billing cycle following a change in the Prime Rate. Your rate 
will be equal to the Prime Rate plus a margin of 5.70%-14.70% for Select and Select Secured; 7.70%-15.70% 
for Rewards and Cash Back. Any increase will take the form of more payments of the same amount. Your 
variable rate will never be more than the maximum rate allowed by applicable law.

1331 Broadway | PO Box 1595 | Tacoma, WA 98401
Phone 253.383.2016 | 800.562.8130 | soundcu.com

Effective January 1, 2020