Credit Card Rates

Visa Classic and Visa Platinum Fees and Disclosure for Applications

Effective 2/1/2012

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases Visa Classic
11.69%
This APR will vary with the market based on the
Prime Rate.		 Visa Platinum
8.99%
This APR will vary with the market based on the
Prime Rate.
APR for Balance Transfers Visa Classic
11.69%
This APR will vary with the market based on the
Prime Rate.		 Visa Platinum
8.99%
This APR will vary with the market based on the
Prime Rate.
APR for Cash Advances Visa Classic
11.69%
This APR will vary with the market based on the
Prime Rate.		 Visa Platinum
8.99%
This APR will vary with the market based on the
Prime Rate.
Penalty APR and When it Applies There is no penalty APR.
How to Avoid Paying Interest on Purchases Your due date is at least 27 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire statement balance by the due date each month.
Minimum Interest Charge There is no minimum interest charge.
For Credit Card Tips from the Federal Reserve Board To learn more about factors to consider when applying for or using a credit card, visit the website on the Federal Reserve Board at http://www.federalreserve.gov/creditcard.

 

Fees
Set-up and Maintenance Fees
  • Annual Fee
  • None
Transaction Fees
  • Balance Transfer
     
  • Cash Advance
     
  • Foreign Transaction

 
  • No charge for balance transfers.
     
  • Either $2.00 or 2% of each cash advance, whichever is greater (maximum fee: $10).
     
  • Currency conversion: 1% of each transaction. U.S. dollar purchases from non-U.S. merchants: 0.8% of each transaction.
Penalty Fees
  • Late Payment
  • Over-the-Credit Limit
  • Returned Payment
  • Up to $35.00
  • None
  • Up to $35.00
Other Fees
  • Replacement Card
  • Sales Draft Copy
  • Statement Copy
  • Account Research
  • Expedited Card Delivery
  • Special Issue Card
  • Expedited Phone Payment
  • $5.00 for each card
  • $10.00
  • $2.00
  • $15.00 per hour
  • $15.00 (Rush delivery within 2 business days)
  • $15.00 (Authorized signer card)
  • $3.00

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See your account agreement for more details.

The information about the cards described in the above disclosures was accurate as of 7-1-10. The information may have changed after that date. To find out what may have changed, write to us at University of Michigan Credit Union, P.O. Box 7850, Ann Arbor, Michigan 48107 or call us at
800-968-8628.

 
NCUAFederally
Insured
by NCUA
Equal Housing Lender We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Mortgage loan services provided by MemberFirst Mortgage LLC (NMLS #149532) and UMCU (NMLS #712343)