CREDIT CARDS

Kinecta MyPlan MasterCard®

What’s the plan?

Take charge with your very own Kinecta MyPlan MasterCard share-secured card. Establish credit history or re-build credit with confidence.

MyPower MasterCard

Card Features

  • Low annual fee of $25.
  • The credit limit on your card will equal the balance in the account pledged as collateral for opening the credit card.
  • Make everyday purchases up to your credit limit anywhere MasterCard is accepted.
  • By using your card responsibly, you may qualify for an unsecured card with a higher credit limit in the future.

Benefits at a Glance

Apple Pay™
Worldwide acceptance at over 36 million places
Liability protection for unauthorized purchases1
Emergency card replacement and cash advance2
MasterCard ID Theft Protection™2
Extended Warranty2
MasterCard Priceless® Cities
Chip Technology
Price Protection2
Airport Concierge2

Set your plan in motion, apply today.


1. Certain restrictions apply. See www.mastercard.com/zeroliability for details.

2. Certain restrictions apply. Click here to view the Guide to Benefits.

MasterCard, Priceless and the MasterCard brand mark are registered trademarks and MasterCard Global Service and MasterCard Airport Concierge are trademarks of MasterCard International Incorporated, used pursuant to a license.

All third party trademarks referenced herein are the property of their respective owners.


Kinecta MyPlan MasterCard® Share-Secured

Disclosure Summary

Click here for Agreements and Disclosures

Interest Rate and Interest Charges
Annual Percentage Rate (APR) for Purchases 17.24%
This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers 17.24%
This APR will vary with the market based on the Prime Rate.
APR for Cash Advances 18.00%
This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies

18.00%
This APR may be applied to your account if you:

  1. Make a late payment;
  2. Go over your credit limit twice in a six month period;
  3. Make a payment that is returned.

How Long Will The Penalty APR Apply?: If your APRs are increased for any of these reasons, the Penalty APR will apply until you make six (6) consecutive minimum payments when due.

Paying Interest

Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases and balance transfers if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date.

Minimum Interest Charge If you are charged interest, the charge will be no less than $1.00.
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 http://www.consumerfinance.gov/learnmore .
Fees
Annual Fee $25.00
Transaction Fees
Balance Transfer 3.00% of the amount of each transfer ($10 minimum)
Cash Advance Either 3.00% of the amount of each cash advance or $10, whichever is greater ($100 maximum)
Foreign Transaction 1.00% of the amount of each transaction in U.S dollars
Penalty Fees
Late Payment Up to $20.00
Returned Payment Up to $25.00

How We Will Calculate Your Balance: We will use a method called “average daily balance (including new purchases).”

Variable Rate Information: Your APR may vary. The APR you receive is determined based on your creditworthiness. The Prime Rate is the highest U.S. Prime Rate published in The Wall Street Journal (the “Index”). We calculate your APR by adding an amount, which we call the Margin, to the Index in effect as of the 15th day of each month preceding the start date of each Billing Period. The monthly periodic rate is the APR divided by 12.

Prime Rate: The variable rates are based on a 5.25% Prime Rate.

1. We add 11.99% to the Prime Rate to determine the Purchase/Balance Transfer APR.

2. We add 15.99% to the Prime Rate to determine the Cash Advance APR.

The maximum APR of 18.00% as currently permitted by Federal Credit Unions applies to this credit card.

Authorization: When you respond to this credit card offer from Kinecta Federal Credit Union (“Kinecta”, “we”, “us”) you agree to the following:

I. You authorize us to obtain a credit bureau report in connection with your request for an account. If an account is opened, we may obtain credit bureau reports in connection with extensions of credit or the review or the collection of your account. If you ask, we will tell you the name and address of the credit bureau from which we obtained a report about you.

II. If an account is opened, you will receive a KINECTA MYPLAN MASTERCARD® SHARE-SECURED CREDIT CARD AGREEMENT AND DISCLOSURE with your card(s).

By using the issued account or any card, authorizing its use, or making any payment on the account, you agree to the terms of the Card Agreement.

III. Rates, fees, and terms may change: We have the right to change the account terms (including the APRs) in accordance with your Card Agreement.

Before we approve you for a credit card, we will review your credit report and the information you provide with your response to confirm you meet the criteria for this offer. In addition, we will review your Total Income to determine you have the ability to repay the credit line. Based on this review, you may receive the Kinecta MyPlan MasterCard, or you may not receive a card.

You must be 18 years old to qualify (19 in AL and NE).

This information about the cost of the card is accurate as of 11/01/2018. This information may have changed after that. To find out what may have changed, call us at 800.854.9846 or write us at 1440 Rosecrans Ave., CU/31, Manhattan Beach, CA 90266.