Visa® Credit Card Rates
Rates effective August 21, 2010. APR = Annual Percentage Rate.
| Interest Rates and Interest Charges | |
| Annual Percentage Rate (APR) for Purchases, Balance Transfers, and Cash Advances | 8.50% to 18.00% when you open your account, based on your creditworthiness.
After that, your APR will vary with the market based on the Prime Rate.* |
|---|---|
| Penalty APR (Delinquency) and When it Applies | 18.00% This APR may be applied to your account if you make a late payment.
How Long Will the Penalty APR Apply? If your APR is increased for this reason, the Penalty APR will apply until you make six consecutive payments (minimum or higher) when due, beginning with the first payment due following the effective date of the change. |
| How to Avoid Paying Interest on Purchases | Your due date is approximately 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. |
| Minimum Interest Charge | None |
| Minimum Payment Due | This figure will be reflected on your statements and will be either: (a) 1.75% of your Ending Statement Balance, rounded to the nearest dollar, or $10, whichever is greater, or (b) your Payoff Amount if less than $10. |
| 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 web site of the Federal Reserve Board at http://www.federalreserve.gov/creditcard. |
| Fees | |
| Annual Fee | None |
|---|---|
Minimum Finance Charge
• Balance Transfer
• Cash Advance
• Foreign Currency Transaction
| None
None
Conversion Fee: 2%. Conveyance in US Funds Fee (no conversion necessary) 0.80%.
|
Penalty Fees
• Late Payment
• Overlimit
| $30
None
|
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)".
* The Prime Rate used to determine your APR is the Prime Rate as pbulished in the Wall Street Journal at the end of the month immediately preceeding the start of each billing cycle.
| Interest Rates and Interest Charges | |
| Annual Percentage Rate (APR) for Purchases, Balance Transfers, and Cash Advances | 11.50%
After that, your APR will vary with the market based on the Prime Rate.* |
|---|---|
| Penalty APR (Delinquency) and When it Applies | 18.00% This APR may be applied to your account if you make a late payment.
How Long Will the Penalty APR Apply? If your APR is increased for this reason, the Penalty APR will apply until you make six consecutive payments (minimum or higher) when due, beginning with the first payment due following the effective date of the change. |
| How to Avoid Paying Interest on Purchases | Your due date is approximately 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month. |
| Minimum Interest Charge | None |
| Minimum Payment Due | This figure will be reflected on your statements and will be either: (a) 1.75% of your Ending Statement Balance, rounded to the nearest dollar, or $10, whichever is greater, or (b) your Payoff Amount if less than $10. |
| 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 web site of the Federal Reserve Board at http://www.federalreserve.gov/creditcard. |
| Fees | |
| Annual Fee | None |
|---|---|
Minimum Finance Charge
• Balance Transfer
• Cash Advance
• Foreign Currency Transaction
| None
None
Conversion Fee: 2%. Conveyance in US Funds Fee (no conversion necessary) 0.80%.
|
Penalty Fees
• Late Payment
• Overlimit
| $30
None
|
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)".
* The Prime Rate used to determine your APR is the Prime Rate as published in the Wall Street Journal at the end of the month immediately preceeding the start of each billing cycle.
|
Digital Federal Credit Union
220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797 |
|
© 2010. Digital Federal Credit Union