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Interest Rates and Interest Charges |
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Annual Percentage Rate (APR) for Purchases |
LUXURY when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. CASH BACK 0.00% Introductory APR for a period of twelve billing cycles. After that, your APR will be based on your creditworthiness. This APR will vary with the market based on Prime Rate. RATE ADVANTAGE when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. RATE ADVANTAGE SECURED |
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APR for Balance Transfers |
LUXURY 0.00% Introductory APR for a period of twelve billing cycles. After that, your APR will be , when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. CASH BACK 0.00% Introductory APR for a period of twelve billing cycles. After that, your APR will be , when you open your account, based on your RATE ADVANTAGE 0.00% Introductory APR for a period of six billing cycles. After that, your APR will be , based on your creditworthiness. This APR will vary with the market based on the Prime Rate. RATE ADVANTAGE SECURED 0.00% Introductory APR for a period of six billing cycles. After that, your APR will be . This APR will vary with the market |
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APR for Cash Advances |
LUXURY 15.24% - 18.00% , when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. CASH BACK 14.74% - 18.00% , when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. RATE ADVANTAGE , when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. RATE ADVANTAGE SECURED |
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Penalty APR and When it Applies |
18.00% - Make a late payment; or - 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 consecutive minimum payments when due. |
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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. |
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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. |
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Fees |
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Annual Fee |
None |
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Transaction Fees - Balance Transfer Fee - Cash Advance Fee - Foreign Transaction Fee |
None $10.00 or 3.00% of the amount of each cash advance, whichever is greater 1.00% of each transaction in U.S. dollars |
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Penalty Fees -Late Payment Fee -Returned Payment Fee |
Up to $35.00 Up to $35.00 |
How Do You Calculate My Balance? We use a method called "average daily balance (including new purchases)."
What Is The Promotional Period for Introductory APR On The Cash Back Card? The Introductory APR for purchases and balance transfers will apply to transactions posted to your account during the first 12 months following the opening of your account. Any existing balances on Sun Federal Credit Union loan or credit card accounts are not eligible for the Introductory APR for balance transfers.
What Is The Promotional Period for Introductory APR On The Luxury Card? The Introductory APR for balance transfers will apply to transactions posted to your account during the first 12 months following the opening of your account. Any existing balances on Sun Federal Credit Union loan or credit card accounts are not eligible for the Introductory APR for balance transfers.
What Is The Promotional Period for Introductory APR On The Rate Advantage And Rate Advantage Secured Card? The Introductory APR for balance transfers will apply to transactions posted to your account during the first six months following the opening of your account. Any existing balances on Sun Federal Credit Union loan or credit card accounts are not eligible for the Introductory APR for balance transfers.
When Will You Apply The Penalty APR? Your APR may be increased to the disclosed Penalty APR if you are 60 days late in making a payment or make a payment that is returned.
Loss of Introductory APR
We may end your Introductory APR for balance transfers and apply the Penalty APR if you are 60 days late in making a payment.
Effective Date: The information about the costs of the card described in this application is accurate as of: DATE. This information may have changed after that date. To find out what may have changed, contact the Credit Union.
For California Borrowers, the Luxury, Cash Back, Rate Advantage and Rate Advantage Secured 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.
Notice to New York Residents:
New York residents may contact the New York State Department of Financial Services to obtain a comparative listing of credit card rates, fees, and grace periods. The New York State Department of Financial Services may be contacted at 1-800-342-3736 or www.dfs.ny.gov.
Are There Any Penalty Fees Associated With This Card That Are Not Listed In The Box Above? No. There are no additional penalty fees associated with this card.
How Do You Determine My Credit Line? We will determine your credit line after review of your application and your ability to pay.
How Do You Determine Whether I Will Receive the Luxury, Cash Back or Rate Advantage Card? Your credit history and application will be reviewed to determine your credit line. In many cases, approved credit lines of $5,000 or greater will receive our Luxury Card. If approved for a credit line less than $5,000, you will receive either the Cash Back or Rate Advantage Card.
How Do You Calculate My Minimum Payment? The Minimum Payment Due is 3.00% of Your total New Balance, or $25.00, whichever is greater, plus any amount past due and any amount by which You have exceeded Your applicable credit limit. If Your total New Balance is less than $25.00, then Your Minimum Payment Due is the amount of the total New Balance.
Other Fees & Disclosures:
Late Payment Fee:
$27.00 or the amount of the required minimum payment, whichever is less, if you are three or more days late in making a payment. In the event you fail to make a payment on time in any of the six billing cycles following the initial violation, you will be charged $35.00 or the amount of the required minimum payment, whichever is less.
Cash Advance Fee (Finance Charge):
$10.00 or 3.00% of the amount of each cash advance, whichever is greater.
Returned Payment Fee:
$27.00 or the amount of the required minimum payment, whichever is less. In the event a payment is returned in the same or in any of the six billing cycles following the initial violation, you will be charged $35.00 or the amount of the required minimum payment, whichever is less.
ACH Payment By Phone Fee:
$7.95. If Your Account is subject to the ACH Payment By Phone Fee, except as limited by applicable law, a fee will be charged for each time You make a single ACH payment by telephone from your account at another financial institution as disclosed here.