7/18/2016

Classic Visa Terms and Conditions ­ SkyOne Federal Credit Union

Classic Visa Terms and Conditions

Interest Rates and Interest
Charges

Variable Annual Percentage
Rate (APR) for Purchases,
Balance Transfers and Cash
Advances

9.75% to 18.00%

when you open your account.

Non-Variable Annual
Percentage Rate (APR) for
Purchases, Balance Transfers
and Cash Advances

11.25% to 18.00%

when you open your account.

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  E᥯ܶective 07-18-2016

Alert Me

Variable Rate Information

Your annual percentage rate (APR) may vary monthly. Your
rate will be based on the U.S. (Fed) Prime Rate as of the last
day of the preceding month. Rates will be determined on the
5th of each month.

Minimum Monthly Payment

2% of the outstanding balance or $40, whichever is greater.

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 interest on purchases if you pay
your entire balance by the due date each month.

For Credit Card Tips from the
Federal Reserve Board

To learn more about factors to consider when applying for or
using a credit card, visit the website of the Federal Reserve
Board.

Fees

Annual Fee

$0

Alert Me

Transaction Fees

Penalty Fees

• Balance Transfer: $0 
• Cash Advance: $0 
• Foreign Transaction: Visa International Service
Assessment Fee 
          • Single Currency Transaction: 0.8% of transaction 
          • Multiple Currency Transaction: 1.0% of transaction

•   Late Payment: $25 for the ﷵ汝rst violation, $30 for the next
violation(s) during the next 6 billing cycles 
•   Overlimit: $0 
•   Return Payment: $0

Balance Computation
Method

Average daily balance including new purchases.

https://www.skyone.org/classic­visa­terms­and­conditions.html

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7/18/2016

Classic Visa Terms and Conditions ­ SkyOne Federal Credit Union

Finance Charge

Calculated using monthly periodic data.

Advertised rates include a 0.25% discount for automatic payments. Without Autopay, your APR will be 0.25% higher.

https://www.skyone.org/classic­visa­terms­and­conditions.html

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