Visa Credit Cards

APR Equals Annual Percentage Yield

Classic Visa Credit Cards

The following disclosure represents important details concerning your credit card. The information about costs of the card are accurate as of the effective date below. You can call or write us at the address or telephone number below to inquire if any changes occurred since the effective date. Please not that this disclosure applies to cash advances as well as purchases.

^Explanation of default APR:

Default is defined as failure to make at least the minimum payment by 30 days after the due date on the statement twice during a 12 month period, or exceeding your assigned credit limit or making a payment to us that is returned. In the event your account is moved to the default rate, the default rate will remain in effect until you request us to reevaluate it but in no case will it be in effect for less than one year.

Default Status and Rewards:

Any Scorecard Reward Points will not be earned if in default status.  Existing Scorecard Reward Points will be available for redemption.  Also, if in default status, any Cash Rewards will be forfeited and no additional Cash Rewards will be earned when in default status.

Late Payment Fee:

Any payment received more than fifteen (15) days after the due date shown on the most recent statement will be charged a Late Payment Fee of $25.00.

Over the Credit Limit Fee: $20.00

How your NECU rebate works:

You will receive a 1% rebate on all PURCHASES in excess of $2000 during the calendar year. The rebate will be shown as a credit to Your VISA balance. This credit will appear on Your statement following the end of the calendar year. The 1% rebate does not apply to cash advances, the use of VISA convenience checks, ATM advances, advances for overdraft protection or advances via QuikTel or CyberTel.

Other charges:

$12.00 for each photocopy of a credit / debit requested (unless a billing error is involved); a replacement fee of $5.00 for each Card; and $2.00 for each photocopy of Your monthly statement. These charges, if not paid in cash, will be charged to Your Share Account. Visa Card may not be used for any illegal transactions.

^Explanation of default APR:

Default is defined as failure to make at least the minimum payment by 30 days after the due date on the statement twice during a 12 month period, or exceeding your assigned credit limit or making a payment to us that is returned. In the event your account is moved to the default rate, the default rate will remain in effect until you request us to reevaluate it but in no case will it be in effect for less than one year.

Any Scorecard Reward Points will not be earned if in default status.  Existing Scorecard Reward Points will be available for redemption.  Also, if in default status, any Cash Rewards will be forfeited and no additional Cash Rewards will be earned when in default status.

Late payment fee:

Any payment received more than 15 days after the due date shown on the most recent statement will be charged a Late Payment Fee of $25.00

Over the Credit Limit Fee:

Any time your statement balance exceeds your assigned credit limit there will be an Over the Credit Limit fee of $20.00

Other fees:

if not paid in cash, they will be charged to your share account Replacement card fee $5.00 for each card Credit/Debit slip photocopy $12.00 for each copy Statement photocopy $2.00.

How your NECU rebate works:

You will receive a 1/2% rebate on all qualifying purchases, net of returns, (net purchases) in excess of $5,000 during the calendar year. This rebate does not apply to cash advances.

How your Rewards Scorecard program works:

You will receive one point for each dollar of qualifying purchases, net of returns, (net purchases) that you charge to this card. Qualifying purchases do not include cash advances² No points are awarded for finance charges, fees, foreign currency conversion or insurance charges to your account.  Unused points will expire if not used within 36 months.

www.scorecardrewards.com