Account Opening Disclosures
Supplement to Credit Card Agreement for VISA Platinum Accounts
Education Credit Union

Interest Rates and Interest Charges
Actual pricing will vary from one cardholder to another
Annual Percentage Rate (APR) 
for Purchases

Annual Percentage Rate (APR) 
for Balance Transfers

Annual Percentage Rate (APR) 
for Cash Advances

Penalty APR and When it Applies

How to Avoid Paying 
Interest on Purchases        

For Credit Card Tips from the 
Consumer Financial Protection 
Bureau

Fees
Annual Fee
Cash Advance
Transactions Fees
.

Foreign Transaction

Penalty Fees
.

Late Payment

.

Returned Payment

6.95%
introductory APR for six months
After that, your APR will be 10.95%
6.95% introductory APR for six months
After that, your APR will be 10.95%
6.95% introductory APR for six months
After that, your APR will be 10.95%
17.75%
This APR may be applied to all advances for your account if you:

1)        Make a late payment

How Long Will the Penalty APR Apply?: If your APR is 
increased for this reason, the Penalty APR will apply until you 
make six 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 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.
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

None
2% or$5, whichever is greater

Up to 1% of each transaction in U.S. dollars.

$25 (If we do not receive your required Minimum Payment within 10 days of the 
Payment Due Date, you may be charged a Late Payment Fee of your Minimum 
monthly payment or $25, whichever is less.)

$20 (If any payment made on your Account is returned unpaid for any reason, you 
will be charged a Returned Payment Fee or the amount equal to your required 
Minimum Payment, whichever is less. The Returned Payment Fee will apply when 
any payment is returned to us, even if the payment is honored upon 
resubmission.)

Other Fees
. EzPay (telephone assisted 
expedited payment service)
.
Replacement Card

Convenience Check
.
.
.

Stop Payment
Copy of Check
Non-Sufficient Funds 
(insufficient credit limit)

$10

$7.50

$20 per check
$20 per check
$22 per return

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).” See below 
for more details.
LOSS OF INTRODUCTORY APR: We may end your introductory APR and apply the Penalty APR if you make a late payment. 
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided below.

Truth in Lending Disclosures

COST OF CREDIT: You will pay an Interest CHARGE for all advances made against your Account. Interest CHARGES for cash advances and balance 
transfers begin to accrue on the date of the advance. New purchases will not incur an Interest CHARGE on the date they are posted to your Account if you 
have paid the Account in full by the Payment Due Date shown on your previous monthly statement, or if there was no previous balance.

For the first six billing cycles of your Account, you will pay an Introductory Rate INTEREST CHARGE for all advances at the Introductory Rate daily 
periodic rate of .019041% (6.95% ANNUAL PERCENTAGE RATE). After the introductory rate period, the daily periodic rate for all advances will 
be .030000% (10.95% ANNUAL PERCENTAGE RATE (the “Standard Rate”). 

If at any time a required minimum payment is three or more billing cycles past due, the ANNUAL PERCENTAGE RATE for all advances may be increased to 
a Penalty Rate daily periodic rate of .048630% (17.75% ANNUAL PERCENTAGE RATE). After the Penalty Rate becomes effective, it will apply both to 
current and new balances and it may remain in effect indefinitely. If your minimum payments are made as required for six consecutive months starting on or 
after the next payment due following the Penalty Rate effective date, the Standard Rates for your Account will be restored. 

A portion of the INTEREST CHARGE is determined by applying the applicable daily periodic rate to the Average Daily Balance of your Account for each feature 
category, including certain current transactions. Feature categories include purchases, balance transfers, and cash advances. The Average Daily Balance is 
arrived at by taking the beginning balance of each feature category each day and adding any new transactions to the balance, except if you have paid your 
Account in full by the Payment Due Date shown on the previous monthly statement or there is no previous balance, new purchases are not added to the 
purchases balance. Balance transfers may be shown on your statement in the Promotions feature category. When determining balances, we may combine 
feature category balances that have the same periodic rate and other INTEREST CHARGE terms. We then subtract any payments or credits and unpaid 
INTEREST CHARGES allocated to the feature category balance for the day. This gives us the daily balance for the feature category. The daily balances for each 
feature category are then added together and divided by the number of days in the billing cycle. The result is the Average Daily Balance for each feature 
category. The periodic INTEREST CHARGE is determined by multiplying each feature category Average Daily Balance by the number of days in the billing cycle 
and applying the applicable daily periodic rate to the product. The total INTEREST CHARGE for each statement period is the sum of the periodic INTEREST 
CHARGES for each feature category plus any non-periodic INTEREST CHARGES.

No additional Interest CHARGES will be imposed on new purchases shown on your statement if the New Balance shown on the statement is paid in 
full by the Payment Due Date reflected on the statement.  The Payment Due Date is not less than 25 days from the billing cycle closing date shown 
on your statement. 

MILITARY LENDING ACT DISCLOSURE: The following disclosure applies to persons covered by the Military Lending Act-other governmental programs and 
laws may also govern or apply to this transaction but are not described in the following disclosure. The following disclosure is required by the Military Lending Act. 
Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost 
of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, 
as applicable to the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the 
credit transaction; any application fee charged (other than credit application fees for specified credit transactions or accounts); and any participation fee charged 
(other than certain participation fees for a credit card account).

Please refer to the Total Minimum Payment Due section of the Credit Card Agreement accompanying this disclosure to see how your monthly minimum payment 
is calculated.  

MINIMUM PAYMENT: Minimum payment amount is $18.00 or 3.00% of the outstanding balance, whichever is greater.