SchoolsFirst FCU School Employee Mastercard® Credit Card Disclosure 

INTEREST RATES AND INTEREST CHARGES 

Annual Percentage Rate (APR) 
for Purchases 

APR for Balance Transfers 

APR for Cash Advances 

Penalty APR and When It Applies 

Paying Interest 

8.75% - 17.90% when you open your account, based on
your creditworthiness 

After that, this APR will vary with the market based on the Prime Rate.

8.75% - 17.90% based on your creditworthiness. 
This APR will vary with the market based on the Prime Rate. 

13.75% - 17.90% based on your creditworthiness. This 
APR will vary with the market based on the Prime Rate. 

17.90% 

This APR may be applied to your account if you: 

1) Make your payment 60 days late; or
2) A returned payment causes your account to become 60 days late.

How long will the Penalty APR apply? If your APRs are increased for 
either of these reasons, the Penalty APR will apply until you make six 
consecutive minimum payments beginning with the statement cycle 
immediately following the event that triggered the Penalty APR, provided you 
do not exceed your credit limit during that time period. 

Your due date is at least 25 days after the close of each billing cycle. We will 
not charge you interest on purchases and balance transfers if you pay your 
entire balance by the due date each month and your previous balance is zero 
or a credit balance. We will begin charging interest on cash advances and 
convenience checks on the date they are posted to your account. 

Minimum Interest Charge 

None 

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. 

FEES 

Annual Fee 

Transaction Fees 

• Balance Transfer
• Cash Advance
•

Foreign Transactions

Penalty Fees 

Late Payment
•
• Returned Payment

None 

None 
None 
2% of the transaction in U.S. dollars 

Up to $25 imposed 15 days after the due date. 
Up to $20. 

How We Will Calculate Your Balance: We use a method called “average adjusted daily balance (including new 
purchases).” See your account agreement for more details. 

Other Fees: Rush Card: $20; Card Replacement: $5; Stop Payment: $15 for Convenience Checks or Balance Transfers. 

Loss of Introductory APR: We may end your introductory/promotional APR (if any) and apply the Penalty APR if your 
payment is 60 days late. 

SchoolsFirst FCU’s credit card program features a range of interest rates based on a variety of factors, including the 
applicant’s credit rating. Programs, rates, terms and conditions are subject to change.