Interest Rates and Interest Charges

Annual Percentage Rate
(APR) for Purchases

Visa Platinum with No Rewards Benefits: 10.75% to 17.90%, based on your credit
worthiness; the APR will vary with the market based on the Prime Rate.
Visa Rewards Benefits: 14.25% to 17.90%, based on your credit worthiness; the
APR will vary with the market based on the Prime Rate.

Annual Percentage Rate
(APR) for Balance Transfers

Visa Platinum with No Rewards Benefits: 10.75% to 17.90%, based on your credit worthiness; 
the APR will vary with the market based on the Prime Rate.

Visa Rewards Benefits: 14.525% to 17.90%, based on your credit worthiness; the APR will vary 
with the market based on the Prime Rate.

Annual Percentage Rate
(APR) for Cash Advances

Visa Platinum with No Rewards Benefits: 12.00% to 17.90%, based on your credit worthiness; 
the APR will vary with the market based on the Prime Rate.

Visa Rewards Benefits: 16.25% to 17.90%, based on your credit worthiness; the APR will vary 
with the market based on the Prime Rate.

Penalty Pricing and 
When it Applies

Paying Interest

None

Your due date is at least 25 days after the close of each billing cycle. We will not charge you any 
interest on purchases and balance transfers if you pay your entire balance by the due date each 
month. We will begin charging interest on cash advances on the transaction date.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $0.00

For Credit Card Tips from
the Consumer Financial 
Protection Bureau

Fees

Annual Fee

Transaction Fees

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 https://www.consumerfinance.gov/learnmore

None

• Balance Transfer
• Cash Advance
• Foreign Transaction

None
$10.00 or 2.00% of the amount of each cash advance, whichever is greater.
1.00% of each foreign transaction in U.S. dollars.

Penalty Fees

• Over-the-Credit Limit
• Late Payment
• Returned Payment

None
up to $15.00
up to $30.00

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases)”

The information about the costs of the cards described above are current as of  September 31, 2020 . This information may have changed since that time. 
For the most current information, please visit www.ksfcu.org, call us at (661) 833-7900 / (800) 221-3311(outside of Bakersfield), stop by any of our
convenient branch locations, or write to us at Kern Schools Federal Credit Union, Attn: Visa Department, P.O. Box 9506, Bakersfield, CA 93389-9506.