Credit Card Rates Disclosure 

The information about costs and the Annual Percentage Rate (APR) of the cards described in this disclosure is accurate as of 
January 1, 2019. Contact us at the address or phone number in this disclosure to find out what may have changed since this 
date.  

Credit Cards                                                                     

Interest Rates 

Visa Honor Purchase and Balance Transfers 

Visa Value Purchase and Balance Transfers 

Visa Platinum Rewards Purchase and Balance Transfers 

Visa CashBack Purchase and Balance Transfers 

Visa Mortgage Advantage Purchase and Balance Transfers 

Visa Credit Builder Secured Purchase and Balance Transfers 

Cash Advances 

10.49% to 18% APR* 

10.49% to 18% APR* 

11.49% to 18% APR* 

11.49% to 18% APR* 

11.49% to 18% APR* 

18% APR* 

2% above existing APR 

*Rates shown are variable and subject to change. Your rate may vary based on individual creditworthiness and our 
underwriting standards. This APR will vary with the market based on U.S. Prime Rate. Rates capped at 18%. After a 
change to the Prime Rate, the new rate will be applied at the start of your next monthly billing cycle. 

Penalty  APR and 
When It Applies 

Paying Interest 

Minimum Payment 

18.00% may be applied to your account if you:  

(1)  Make a late payment 
(2)  Go over your credit limit 
(3)  Make a payment that is returned; or 
(4)  Do any of the above on another account you have with us 

How  long will the  Penalty APR  apply? If your APRs are increased for any of these 
reasons, the Penalty APR will apply until you make six consecutive minimum payments 
when due. 

If  you  receive a  penalty rate, you will no longer be eligible for rewards benefits. 

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. 
The minimum payment is the greater of 2% of the total new balance, or $35, or the total new 
balance if less than $35. If the balance exceeds the limit, the minimum payment is $35 plus 
the amount over the limit or 2% of the balance, plus the amount over the limit. 

Credit Card Tips From 
The Consumer Financial 
Protection 

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://consumerfinance.gov/learnmore. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

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Fees 

Annual Fee 

Transaction Fees 

Penalty Fees 

Visa Credit Builder is the only card with an Annual Fee of $29 

Balance Transfer: 

3% or $10 whichever is greater 

Foreign Transaction: 

Up to 
2.80% 

Cash Advance: 

3% or $10 whichever is greater  Credit Card Recovery:  $75 

Visa Receipt Copy: 

$2 plus research costs 

Research: 

$10 per 
hour  

Billing Statement Copy:   $5  
Late Payment Fee: $27+ on the 1st occurrence or $35+ for each additional occurrence if the 
payment is not made by the due date. 

Returned Payment Fee: $25+ on each occurrence. 

+Or less as restricted by law. The fee amount will not exceed the amount of your minimum payment. 

How we will calculate your balance: Average Daily Balance method is figured by adding the outstanding balance (including 
new purchases, and deducting payments and credits) for each day in the billing cycle and dividing the total of each day by 
the number of days in the billing cycle. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your 
account agreement. 

Security Interest For Visa Credit Builder: You have entered into a Security Agreement which (1) grants us a security 
interest in the Marine FCU share that you opened in connection with your Credit Card and (2) gives us certain rights upon a 
Default (as defined in the Agreement). 

Security for Advances and Purchases: The Credit Union will acquire a security interest in the property purchased 
with your Credit Card; and collateral securing other loans with us may also secure this account.  Also, you are 
giving us a security interest in your shares and other deposits in the Credit Union. 

Requirements For Visa Mortgage Advantage: You will need to maintain a mortgage loan at the Credit Union to qualify for 
card. If your mortgage loan is paid off after receiving your Visa Mortgage Advantage Credit Card, then by June 1 of the 
following year, your Visa Mortgage Advantage Credit Card will be closed. You may apply for, and if approved, transfer to 
another Credit Union credit card product.  

Cash Back For Visa Mortgage Advantage: 1% of all transactions within the year will be credited to the principal of your 
Credit Union mortgage loan in the month of April. If your Credit Union mortgage loan is paid-in-full, then the cash back will 
go to your Visa Mortgage Advantage Credit Card. If your Visa Mortgage Advantage Credit Card is paid-in-full, then the cash 
back will go to your Primary Savings Account. 

If your Visa Mortgage Advantage Credit Card is closed within the calendar year, then cash back will be forfeited. If there is a 
balance, you will be required to pay it in full or you may apply for, and if approved, transfer to another Credit Union credit 
card product. 

PO Box 1551, Jacksonville, NC 28541 • 910.577.7333 • 800.225.3967 
www.marinefederal.org • mfcu@marinefederal.org 

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