| Interest Types | Interest Rates |
|---|---|
| Annual Percentage Rate (APR) for Purchases | BFG Low Rate Mastercard 8.99% to 14.99%, based on your creditworthiness. Rewards Mastercard 11.99% to 15.99%, based on your creditworthiness. Secured Mastercard 15.49% |
| APR for Balance Transfers | BFG Low Rate Mastercard 8.99% to 14.99%, based on your creditworthiness. Rewards Mastercard 11.99% to 15.99%, based on your creditworthiness. Secured Mastercard 15.49% |
| APR for Cash Advances | BFG Low Rate Mastercard 15.99% Rewards Mastercard 15.99% Secured Mastercard 15.99% |
| Penalty APR and When it Applies | BFG Low Rate Mastercard 16.99% Rewards Mastercard 16.99% Secured Mastercard 16.99% This APR may be applied to your account if you: - 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. |
| 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. |
| Minimum Interest Charge | If you are charged interest, the charge will be no less than $0.01. |
| 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. |
| Fee Types | Fee Amounts |
| Transaction Fees - Balance Transfer Fee - Cash Advance Fee - Foreign Transaction Fee - Transaction Fee for Purchases |
None $5.00 or 3.00% of the amount of each cash advance, whichever is greater 1.00% of each transaction in U.S. dollars None |
| Penalty Fees - Late Payment Fee - Returned Payment Fee |
Up to $35.00 Up to $35.00 |
How We Will Calculate Your Balance:
We use a method called "average daily balance (including new purchases)."
Application of Penalty APR: Your APR may be increased to the disclosed Penalty APR if you are 60 days late in making a payment or make payment that is returned.
Minimum Interest Charge: The minimum interest charge will be charged on any dollar amount.
Effective Date: The information about the costs of the card described in this application is accurate as of: November 26, 2018 This information may have changed after that date. To find out what may have changed, contact the Credit Union.
For California Borrowers, the BFG Low Rate Mastercard, Rewards Mastercard and Secured Mastercard 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 you are 10 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): $5.00 or 3.00% 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. 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.
Returned Convenience Check Fee: $25.00 or the amount of the returned convenience check, whichever is less. In the event a convenience check 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 returned convenience check, whichever is less.
Card Replacement Fee $10.00.
Rush Fee: $15.00.
Statement Copy Fee: $5.00.
Customer Service Pay-By-Phone (ACH) Fee: $10.00.