PLATINUM MASTERCARD 
CREDIT CARD  
TERMS AND CONDITIONS 

EFFECTIVE MARCH 2017 

1 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Interest Rates and Interest Chargeszzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz                                                                                                                           
Annual Percentage 
Rate(APR) for 
Purchases 

0.00% Introductory APR for a period of twelve (12) 
billing cycles. After that, your APR will be 9.99% to 
23.74%, based on your creditworthiness when you 
open your account.  

This APR will vary with the market based on the Prime 
Rate.1 

APR for Balance 
Transfers 

0.00% Introductory APR for a period of twelve (12) 
billings cycles for balance transfers made within 90 
days of opening your account.  

After that, your APR will be 9.99% to 23.74%, 
based on your creditworthiness when you open your 
account.  

This APR will vary with the market based on the Prime 
Rate.1 

APR for Cash 
Advances 

22.99% to 28.49%, based on your 
creditworthiness when you open your account.  

These APRs will vary with the market based on the 
Prime Rate.2 

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 entire balance by the 
due date each month. 

Minimum Interest 
Charge 

If you are charged interest, the charge will be no less 
than $0.01. 

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.gov/learnmore 

2 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fees 
Annual Fees 
Transaction Fees 

None 

•  Balance Transfer   Either $10 or 3% of the amount of each transaction, 

whichever is greater 

•  Cash Advances 

Either $10 or 4% of the amount, whichever is greater 

•  Foreign 

Transactions 

Penalty Fees 

•  Late Payment 

3% of each transaction in U.S. dollars  

$7 or the amount of the required minimum payment, 
whichever is less, if you are five (5) or more days late in 
making a payment 

•  Returned 
Payment 

$25 or the amount of the required minimum payment, 
whichever is less 

•  Over Limit Fee 

None 

How We Will Calculate Your Balance: We use a method called “average 
daily balance (including new purchases).”  

Payment Allocation: Payments are allocated to posted balances. If your account 
has balances with different APRs, we will allocate the amount of your payment 
equal  to  the  Total  Minimum  Payment  Due  to  the  lowest  APR  balances  first. 
Payment amounts in excess of your Total Minimum Payment Due will be applied 
to balances with higher APRs before balances with lower APRs.  

More Information about Penalty Fees and Penalty APR  

Penalty Fees: If your Total Minimum Payment Due is not received within 5 days of 
your Payment Due Date, a Late Payment Fee will be assessed. However, the Late 
Payment Fee will not exceed the total minimum payment that was due.  

Prime Rate: Variable APRs are based on the 4% Prime Rate as of 3/17/2017.  
1 We add 5.99% to 19.74% to the Prime Rate to determine the Purchase/Balance 
Transfer APR.  
2  We  add  18.99%  to  24.49%  to  the  Prime Rate  to  determine  the  Cash  Advance 
APR. 

3 

 
 
 
 
 
  
 
 
 
 
 
 
APPLICATION CONDITIONS  

By submitting this application, you: (1) acknowledge that you have reviewed the 
credit  card  Terms  and  Conditions;  (2)  agree  to  submit  your  application  for  this 
credit card subject to those Terms and Conditions; and (3) authorize us to use the 
information in your application, and any other information we or our affiliates have 
about you, to determine your ability to pay, as required by Federal law.  

You  have  reviewed  the  accompanying  application,  and  you  affirm  that 
everything you have stated is true and complete. You are at least 18 years of age. 
You authorize Financial Partners Credit Union, (hereinafter “us” or “our”) to obtain 
your  credit  report(s),  employment  history  and  any  other  information  in  order  to 
approve  or  decline  this  application,  service  your  account,  and  manage  our 
relationship with you. You consent  to  our sharing of information about  you and 
your  account  with  the  organization,  if  any,  endorsing  this  credit  card  program. 
You  authorize  us  to  share  with  others,  to  the  extent  permitted  by  law,  such 
information  and  our  credit  experience  with  you.  In  addition,  you  may  as  a 
customer later indicate a preference to exempt your account from some of the 
information-sharing  with  other  companies  (“opt-out”).  If  you  accept  or  use  an 
account, you do so subject to the terms of this application, the “Details of Rate, 
Fee and Other Cost Information” and the Credit Card Agreement, as it may be 
amended; you also agree to pay all charges incurred under such terms. You also 
understand  that  the  Annual  Percentage  Rate  you  receive  will  be  determined 
based on your creditworthiness. You understand that only a portion of your Total 
Credit Line will be available for Cash Advances. You accept that on a periodic 
basis your account may be considered for automatic upgrade at our discretion. 
You consent to and authorize us, any of our affiliates, or our marketing associates 
to  monitor  and/or  record  any  of  your  phone  conversations  with  any  of  our 
representatives. If additional information is required to process your application, 
we will make every attempt to contact you.  

FPCU Credit Card Terms and Conditions 

Online and Mobile Banking. To access Online or Mobile Banking, you must enroll 
in the service. Once enrolled, the same Online ID and pass code can be used 
to  access  both  Online  and  Mobile  Banking.  View  the  Online  Banking  Service 
Agreement  at  www.FPCU.org  for  more  information  about  both  Mobile  and 
Online  Banking.  Data  connection  required.  Wireless  carrier  fees  may  apply. 
Enrollment not available through the Mobile App on all devices.  

Alerts. Alerts  received  as  text  messages on  your  mobile  access  device may 
incur a charge from your mobile access service provider. Mobile App alerts 

4 

 
 
 
 
are not available on select devices.  

$0 Liability Guarantee. The $0 Liability Guarantee covers fraudulent purchases 
and payments made by others using your account. To be covered, don’t share 
personal  or  account  information  with  anyone.  Claims  may  only  be  filed  by 
accountholder  against  posted  and  settled  transactions  subject  to  dollar  limits 
and  verification, 
information  supporting 
fraudulent use claim.  

including  providing 

requested 

Text Banking. Financial Partners Credit Union does not charge for Text Banking. 
However,  your  mobile  service  provider  may  charge  for  sending  and  receiving 
text messages on your mobile phone. Check with your service provider for details 
on specific fees and charges that may apply.  

BALANCE TRANSFERS  

Allow at least 2-3 weeks from account opening for processing. Continue paying 
each  creditor  until  the  transfer  appears  as  a  credit.  Balance  Transfers  incur 
interest charges from the transaction date. If the total amount you requested 
exceeds your total credit line, we may send partial payment or not send any 
payment.  If you revolve your balance to take advantage of a promotional or 
introductory offer, all transactions and balances, including purchases, will be 
charged  interest.  The  Balance  Transfer  fee  is  3%  of  the  amount  of  the 
transaction, or $10 whichever is greater. If you have a dispute with a creditor 
and  pay  that  balance  by  transferring  it  to  your  new  account,  you  may  lose 
certain  dispute  rights.  Balance  Transfers  may  not  be  used  to  pay  off  or  pay 
down any account issued by Financial Partners Credit Union.  

5