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

12.25% to 18.00%

when you open your account.

  Effective 10-18-2016

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
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.

Fees

Annual Fee

Transaction Fees

Penalty Fees

$0

• 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 first 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.

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.

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