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 and Balance Transfers

Purchase APR+3%
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.

How long Will the Penalty APR apply? If my APRs are increased for any of these reasons, the Penalty APR will apply until you make six consecutive minimum payments when due and do not exceed my credit limit during that time.

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

$0.00

Transaction Fees

Cash Advance Fee


Foreign Transaction Fee

Balance Transfer Fee

Either 3% of the amount of each transfer with a $10 minimum, $100 maximum, whichever is greater.

1.0% of each foreign transaction, regardless of whether the transaction in U.S dollars or in a foreign currency.

$0.00

Penalty Fees

Late Fee


Overlimit Fee

Returned Payment Fee

$15 for balances less than $200.00;
$29 for balances of $200.00 or above

$0.00

$29.00

Other Fees

Optional Rewards Fee

Optional Credit Life Plan-Single

Optional Credit Life Plan-Joint

Optional Credit Disability Plan

$39.00

$0.51 per $100 of balance at the ends of each statement period

$0.92 per $100 of balance at the ends of each statement period

$1.57 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.

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.

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 publication was printed.