INTEREST RATES AND INTEREST CHARGES
| Annual Percentage Rate (APR) for Purchases | Visa Classic - 0.00% to 7.99%* Introductory APR, for qualifying members, for six months from account opening, After that, or if you do not qualify for an Introductory APR, your APR will be 8.99% for 18.00%, based on your creditworthiness. Visa Secured - 14.99% APR |
| APR for Balance Transfers | Visa Classic - 4.99% to 9.99% Introductory APR, for qualifying members, for six months from account opening. After that, or if you do not qualify for an Introductory APR, your APR will be 8.99% to 18.00%, based on your creditworthiness. Visa Secured - 14.99% |
| APR for Cash Advances | Visa Classic - 8.99% to 18.00%, based on your creditworthiness. Visa Secured - 14.99% |
| Penalty APR and When it Applies | Visa Classic - None Visa Secured - None |
| 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 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 www.consumerfinance.gov/learnmore. |
FEES
| Set-up and Maintenance Fees - Annual Fee - Application Fee | None $25.00 |
| Transaction Fees - Balance Transfer Fee - Cash Advance Fee - Foreign Transaction Fee - Transaction Fee for Purchases | Up to $25.00 Up to $28.00 |
| Penalty Fees - Late Payment Fee - Returned Payment Fee | $25.00 or the amount of the required minimum payment, whichever is less, if you are five or more days late in making a payment. |
| Late Payment Fee | $28.00 or the amount of the required minimum payment, whichever is less. |
| Returned Payment Fee | $28.00 or the amount of the required minimum payment, whichever is less. |
| Card Replacement Fee | $10.00 |
| Document Copy Fee | $15.00 per document. |
| Emergency Card Replacement Fee | $50.00 |
| Rush Fee | $50.00 second day. |
| Statement Copy Fee | $2.00 per document. |
How We Will Calculate Your Balance:
We use a method called “average daily balance (including new purchases).” Promotional Period for Introductory APR – Visa Classic:
The Introductory APR for purchases and balance transfers will apply to transactions posted to your account during the first six months following the opening of your account. Any existing balances on Ironworkers USA Federal Credit Union loan or credit card accounts are not eligible for the Introductory APR for balance transfers. Loss of Introductory APR:
We may end your Introductory APR for purchases and balance transfers and apply the Penalty APR if you are 60 days late in making a payment.
Effective Date:
The information about the costs of the card described in this application is accurate as of 1/31/19. This information may have changed after that date. To find out what may have changed, contact the Credit Union. For California Borrowers, the Visa Classic and Visa Secured are secured credit cards. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are a covered borrower under the Military Lending Act your credit card will be secured by any specific Pledge of Shares you grant us but will not be secured by all shares you have in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.
