Visa Credit Card Disclosure & Application

Important Disclosure Information

Interest Rates and Interest Charges VISA Signature Rewards VISA Platinum
Annual Percentage Rate
(APR) for Purchases

0.00% introductory APR for 6 billing cycles, after that 12.49% to 15.49% based on annual review of credit worthiness. Your APR will vary based on the Prime Rate*

1.99% introductory APR for 12 billing cycles. after that your APR will be 11.24% to 14.24% based on your credit worthiness. This APR will vary with the market based on the Prime Rate*

APR for Balance Transfers

12.49% to 15.49% based on annual review of credit worthiness. Your APR will vary based on the Prime Rate*

1.99% introductory APR for 12 billing cycles. after that your APR will be 11.24% to 14.24% based on your credit worthiness. This APR will vary with the market based on the Prime Rate*

APR for Cash Advances

12.49% to 15.49% based on annual review of credit worthiness. Your APR will vary based on the Prime Rate*

1.99% introductory APR for 12 billing cycles. after that your APR will be 11.24% to 14.24% based on your credit worthiness. This APR will vary with the market based on the Prime Rate*

Penalty APR and When it Applies

None

None

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. We will begin charging interest on cash advances, convenience checks and balance transfers on the transaction date.

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. We will begin charging interest on cash advances, convenience checks and balance transfers on the transaction date.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $.50

If you are charged interest, the charge will be no less than $.50

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/ to learn more.

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/ to learn more.

Fees
Annual Fee

None

None

Transaction Fees

 
  • Balance Transfer
  • Cash Advance
  • Foreign Transaction

 

None

2% or $10 (whichever is greater)

1% of each transaction in U.S. dollars

 

None

2% or $10 (whichever is greater)

1% of each transaction in U.S. dollars

Penalty Fees

 
  • Over-the-Credit Limit
  • Late Payment
  • Returned Payment

 

None

Up to $25

Up to $30

 

None

Up to $25

Up to $30

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

 

*The Annual Percentage Rate is calculated by adding 8.74% to 11.74% for Visa Signature, 7.49% to 10.49% for Visa Platinum or 8.75% for Visa Platinum Business to the highest Prime Rate as printed in the Wall Street Journal on the 15th of March, June, September & December. Rate ceiling is 13% to 18% based on credit worthiness. Rate information is accurate as of 1/1/17 and is subject to change. Contact us at 845.336.4444/800.451.8373 or online at www.mhvfcu.com for current rates. 


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