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VISA PLATINUM/VISA PLATINUM SECURED/VISA REWARDS

APPLICATION AND SOLICITATION DISCLOSURE

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

Visa Platinum
0.00% Introductory APR for 12 billing cycles from account opening.
After that, your APR will be 8.90% to 18.00%, based on your creditworthiness.

Visa Platinum Secured
14.90%

Visa Rewards
0.00% Introductory APR for 12 billing cycles from account opening.
After that, your APR will be 9.90% to 18.00%, based on your creditworthiness.

APR for Balance Transfers

Visa Platinum
0.00% Introductory APR for 12 billing cycles from account opening.
After that, your APR will be 8.90% to 18.00%, based on your creditworthiness.

Visa Platinum Secured
14.90%

Visa Rewards
0.00% Introductory APR for 12 billing cycles from account opening.
After that, your APR will be 9.90% to 18.00%, based on your creditworthiness.

APR for Cash Advances

Visa Platinum
11.90% to 18.00%, based on your creditworthiness.

Visa Platinum Secured
18.00%

Visa Rewards
12.90% to 18.00%, based on your creditworthiness.

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.

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

Transaction Fees

  • Balance Transfer Fee
  • Cash Advance Fee
  • Foreign Transaction Fee

 

  • $5.00 or 2.00% of the amount of each balance transfer, whichever is greater
  • $5.00 or 2.00% of the amount of each cash advance, whichever is greater
  • 2.00% of each transaction in U.S. dollars

Penalty Fees

  • Late Payment Fee
  • Returned Payment Fee

 

  • Up to $25.00
  • Up to $25.00

 

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

Promotional Period for Introductory APR - Visa Platinum, Visa Rewards:
The Introductory APR for purchases and balance transfers will apply to transactions posted to your account during the first four billing cycles following the opening of your account. Any existing balances on Xplore Federal Credit Union loan or credit card accounts are not eligible for the Introductory APR for balance transfers.

Effective Date:
The information about the costs of the card described in this application is accurate as of: October 22, 2019 This information may have changed after that date. To find out what may have changed, contact the Credit Union.

For California Borrowers, the Visa Platinum, Visa Platinum Secured and Visa Rewards 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.

Other Fees & Disclosures:

Late Payment Fee:
$25.00 or the amount of the required minimum payment, whichever is less, if your payment is not received by the last business day of the month in which it is due.

Balance Transfer Fee (Finance Charge):
$5.00 or 2.00% of the amount of each balance transfer, whichever is greater.

Cash Advance Fee (Finance Charge):
$5.00 or 2.00% of the amount of each cash advance, whichever is greater.

Returned Payment Fee:
$25.00 or the amount of the required minimum payment, whichever is less, if your payment is made by you. $5.00 or the amount of the required minimum payment, whichever is less, if your payment is made by a third party.