Visa® Signature Rewards® - Click here for Agreements and Disclosures
| Interest Rate and Interest Charges |
| Annual Percentage Rate (APR) for purchase: |
10.24% -18.00%
This APR will vary with the market based on the Prime Rate (P). The APR you receive is determined based on your creditworthiness. |
| Annual Percentage Rate (APR) for Cash Advances |
Purchase APR+2.00%
This APR will vary with the market based on Prime rate. |
| Annual Percentage Rate (APR) Balance Transfers |
10.24% - 18.00%
This APR will vary with the market based on Prime rate. |
| Penalty APR and When It Applies |
18.00%
This APR may be applied to my account if I:
1) Make a late payment; or
2) Make a payment that is returned.
Finance Charges on the Account balance will be calculated at the penalty annual percentage until six (6) minimum monthly payments have been made on your Account on time, .provided the credit limit has not been exceeded during that time. The annual percentage rate will revert to the then current prevailing annual percentage rate. An increase in the APR will cause higher finance charges and higher minimum payments. |
| Paying Interest |
We will begin charging interest on cash advances on the transaction date. Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on those purchases if you pay the entire balance by the due date of each month. You will begin charging interest on cash advances and balance transfers on the transaction date. |
| Minimum Interest Charge |
If you are charged interest, the charge will be no less than $1. |
| 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: http://www.federalreserve.gov/creditcard |
| Fees |
| Annual Fee |
$50.00 |
| Transaction Fees |
|
| Cash Advance Fee |
Either 3.00% of the amount of each transfer with a $10.00 minimum, $100.00 maximum, whichever is greater. |
| Foreign Transaction Fee Balance |
1.00% of each foreign transaction, regardless of whether the transaction in U.S dollars or in a foreign currency. |
| Transfer Fee |
Either 3.00% of the amount of each transfer with a $10.00 minimum, $100.00 maximum, whichever is greater. |
| Penalty Fees |
| Late Fee |
$15.00 for balances less than $200.00;
$25.00 for balances of $200.00 or above |
| Overlimit Fee |
$0.00 |
| Returned Payment Fee |
$25.00 |
| Other Fees |
| Optional Rewards Fee |
$0.00 |
| Payment Protection Plan |
$0.29 per $100 of balance at the ends of each statement period |
How We Will Calculate Your Balance: We use a method called “Average Daily Balance (including current transactions).” See your Credit Card Agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Credit Card Agreement.
Annual Percentage Rate: The Kinecta Credit Card Prime Rate is determined by the highest Prime Rate published in The Wall Street Journal on the 15th of each month. If no paper is published on the 15th day of the month, the rate will be based on the paper published on the next business day. Periodic rates are subject to change.
Penalty APR and when it applies: If an account is delinquent for three (3) consecutive months, we may increase the APR (including any introductory rate and promotional rate) on any existing and future purchase and cash advance balances to a higher rate of 18%. The account holder will have a rate reduction back to the current prevailing APR after the account is paid as agreed according to the terms of the Kinecta Federal Credit Union Credit Card Agreement for six (6) consecutive months. Please contact the Credit Union for more information.
Any policies, fees, charges and/or rates stated herein are those in effect on the date of publication and are subject to change. Please contact the Credit Union for any changes that may have occurred since this information was published.
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