SchoolsFirst FCU School Employee Mastercard® Credit Card Disclosure 

INTEREST RATES AND INTEREST CHARGES 

Annual Percentage Rate (APR) 
for Purchases 

9.50% - 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. Any changes 
to the APR will occur annually on the first business day of August (based on the 
Prime Rate) and no more than one adjustment per 12-month period will occur.

APR for Balance Transfers 

9.50% - 17.90% based on your creditworthiness. This APR will vary with 
the market based on the Prime Rate. 

APR for Cash Advances 

14.25% - 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: 

Penalty APR and When It Applies 

1) Make your payment 60 days late; or
2) A returned payment causes your account to become 60 days late.

Paying Interest 

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.