Visa Secure Rewards Credit Card Increase Disclosure

This disclosure contains important information about our Visa© UChoose Rewards Credit Card. You should read the information in the disclosure below carefully and keep a copy for your records. Please click the button at the bottom of this page to continue.

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INTEREST RATES AND INTEREST CHARGES

Annual percentage rate (APR) for purchases

15.00% as of 1/1/2019. The Annual Percentage Rate is Prime plus 9.50%. The rate may vary monthly and is based on the highest Prime rate as published in the Wall Street Journal on the last day of each month, effective the following day.

APR for Cash Advances:

15.00% as of 1/1/2019. The Annual Percentage Rate is Prime plus 9.50%. The rate may vary monthly and is based on the highest Prime rate as published in the Wall Street Journal on the last day of each month, effective the following day.

APR for Balance Transfers:

15.00% as of 1/1/2019. The Annual Percentage Rate is Prime plus 9.50%. The rate may vary monthly and is based on the highest Prime rate as published in the Wall Street Journal on the last day of each month, effective the following day.

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 any interest on purchases if you pay your entire balance by the due date each month.

Minimum Interest Charge:

None 

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 at www.federalreserve.gov/creditcard.

 

FEES

Annual Fee

None

Transaction Fees

None

Purchases

None

Balance Transfers

None

Cash Advances

None

Foreign Transactions

Cash advances available at any financial institution that displays the Visa logo, or through eBranch. Purchases and cash advances made in foreign countries and foreign currencies will be billed to you in U.S. Dollars. The conversion rate to dollars, plus up to a 1% International Service Assessment Fee (ISA) will be charged. The ISA is a fee charged by Visa International, Inc., not APL FCU. Balance transfers will not earn points and interest charges will start accruing immediately.

Penalty Fees

Late Payment

Up to $31.25

Returned Payment

Up to $7.50

Over-the- Credit Limit Fee

Up to $15.00

Other Fees

Credit Life Insurance Single

$.026 per $100 of balance at the end of each statement period.

Credit Life Insurance Joint

$.047 per $100 of balance at the end of each statement period.

Credit Disability Insurance Single

$.099 per $100 of balance at the end of each statement period.

Credit Disability Insurance Joint

$.178 per $100 of balance at the end of each statement period.

COLLATERAL

VISA UChoose Rewards Credit Card

You are giving a security interest in your shares and/or funds in the Credit Union and Collateral securing this loan may also secure other loans with the Credit Union.

Secured VISA UChoose Rewards Credit Card

You are giving a security interest in your shares and/or funds in the Credit Union and Collateral securing this loan may also secure other loans with the Credit Union. You grant the Credit Union a security interest equal to the approved limit plus $100 in your share, share draft and other accounts with the Credit Union (other than those accounts that would lose special tax treatment under State or Federal Law if this Security Agreement applied to them).

How We Will Calculate Your Balance: We use a method called “Average Daily Balance (including new purchases). See your account agreement for more details.

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