1/4/2021

Credit Card Application Disclosure | FORUM Credit Union

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Credit Card Application Disclosure

Interest Rate and Interest Charges

Annual Percentage Rate 

(APR) for Purchases

2.99% Introductory APR, for qualifying members, for one year from account opening. 

After that, or if you do not qualify for the Introductory APR, your APR will be 7.24% to 13.24%, based on your

creditworthiness. This APR will vary with the market based on the Prime Rate.

APR for Balance Transfers

2.99% Introductory APR, for qualifying members, for one year from account opening. 

APR for Cash Advances

2.99% Introductory APR, for qualifying members, for one year from account opening. 

After that, or if you do not qualify for the Introductory APR, your APR will be 7.24% to 13.24%, based on your

creditworthiness. This APR will vary with the market based on the Prime Rate.

Penalty APR and When it Applies

None

After that, or if you do not qualify for the Introductory APR, your APR will be 7.24% to 13.24%, based on your

creditworthiness. This APR will vary with the market based on the Prime Rate.

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 statement balance by the due date each month.

None

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.consumernance.gov/learnmore  

How to Avoid Paying 

Interest on Purchases

Minimum Interest 

Charge

For Credit Card Tips 

from the Consumer 

Financial Protection 

Bureau

Fees

Annual Fee

Transaction Fees

Balance Transfer
Cash Advance

Foreign Transaction

Penalty Fees

Late Payment

Over-the-Credit-
Limit

Returned Payment

None

None 
None 

None

Up to $25.00 

None 
Up to $25.00

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).”

Eective Date: The information about the costs of the card described in this application is accurate as of March 17, 2020. This information may have
changed after that date. To nd out what may have changed, contact the Credit Union.

For California Borrowers, the Mastercard is a secured credit card. Credit extended under this credit card account is secured by various personal property
and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specically pledge as collateral for this account
on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement
Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the
Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are covered borrower
under the Military Lending Act your credit card will be secured by any specic Pledge of Shares you grant us but will not be secured by all shares you have
in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account
when you are not a covered borrower; or (ii) you cease to be a covered borrower.

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1/4/2021

Credit Card Application Disclosure | FORUM Credit Union

Other Fees and Disclosures:

Late Payment Fee: $25.00 or the amount of the required minimum payment, whichever is less.

Returned Payment Fee: $25.00 or the amount of the required minimum payment, whichever is less, if you are one or more days late in making a payment.

Document Copy Fee: $5.00

Statement Copy Fee: $5.00

Expedited 2-day Replacement Card Fee: $35.00

Expedited 1-day Replacement Card Fee: $55.00

Research Fee: $30.00 per hour (minimum fee of $30.00)

Mastercard and the Mastercard Bank Mark are registered trademarks of Mastercard International Incorporated.

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© 2021 FORUM Credit Union | 11313 USA Parkway Fishers, IN 46037 | 317‑558‑6000

Consumer & Business Routing #: 274074037

https://www.forumcu.com/loans/credit-card/disclosure

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