Credit Card Rates
Special Instructions:
If this is an increase to an existing card, you can expect the increase in 24 to 48 hours. If this is a new card, the card should arrive in the mail within 7-10 business days.
| Terms | Visa Platinum | College Visa Platinum |
| Introductory Annual Percentage Rate (APR) for the first 6 months | n/a |
Purchase: 2.90% Cash Advances: 2.90% Balance Transfers: 2.90% |
| Annual Percentage Rate (APR) | 9.90% - 17.90%* | 12.90% |
| Other APRs | Balance Transfer APR: 9.90% - 17.90%* Cash-advance APR: 9.90% - 17.90%* Default APR: 18.00%** |
Balance Transfer APR: 12.90% Cash-advance APR: 12.90% Default APR: 18.00%** |
| Grace period (days) for repayment of balance for purchases | 25 days | 25 days |
| Method of computing the balance | Average Daily Balance (excluding new transactions) | Average Daily Balance (excluding new transactions) |
| Annual Fees | None | None |
| Minimum finance charge | None | None |
| Transaction fee for purchases | None | None |
| Transaction fee for cash advances | None | None |
| Late payment fee | up to $25.00 | up to $25.00 |
| Overlimit fee | None | None |
*Rate is determined by creditworthiness.
** Explanation of default: If 60 days past due 2 times in a 9-month period, APR increases to 18.00%.
Information about the costs of the credit described in this table is accurate as of 04/01/09. This information may have changed after this date. To find out what might have changed, call the Credit Union at 800.968.5626 or write P.O. Box 130079, Ann Arbor, MI 48113-0079.
