Classic Visa Disclosure
FEDERAL TRUTH-IN-LENDING ACT
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 note that this disclosure applies to cash advances as well as purchases.
|Annual Percentage Rate:
|Standard Rate 12.99%
Balance Transfer APR: 12.99%
Cash Advance APR: 12.99%*
|Variable Rate Information||Variable rate based on Wall Street Journal Prime + margin of 9.74%; rate can change at the end of each calender quarter. The current Prime rate as of 11/13/09 is 3.25%.
As of 11/13/2009 Current WSJ Prime is 3.25%. Margin 9.74%. Maximum Rate is 12.99%
|Grace Period for Repayment of Balances for Purchases**||You have 28-30 days from statement closing date to repay your new balance without a finance charge (provided you have paid in full the new balance total from the previous statement by its Payment Due Date). Does not apply to Cash Advances.|
|Method of Computing the Balance for Purchases||Average Daily Balance (including new purchases)|
|International Transaction Fee:||1% fee on foreign transactions (converted to USD)|
|Minimum Finance Charge:||None|
|Transaction Fees for Cash Advances:||None|
|Late Fee (based on balance owed):||$0.00-$10.00= $0|
$10,000.01 + = $25
November 14, 2009
Default Status and Rewards:
If in default status (defined as having not made a minimum payment by 28-30 days after due date), 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 five (5) days after the due date shown on the most recent statement will be charged a Late Payment Fee.
How your NECU rebate/rewards works:
You must have an NECU checking account and $5,000 in non-Visa loans and/or non-checking share accounts to qualify for 1/2% rebate on purchases of $2,000 or more and to receive a 10% interest rebate. The rebate will be shown as a deposit into your NECU savings or checking account. This deposit will appear on your statement following the end of the calendar year. The 1/2% rebate does not apply to cash advances, VISA convenience checks, ATM advances, advances for overdraft protection or advances via telephone banking or online banking.
$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.