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Visa Credit Card

IF YOU ARE APPLYING FOR A CREDIT CARD, THE FOLLOWING IS YOUR REQUIRED DISCLOSURE INFORMATION - The information provided in this disclosure is accurate as of October 2012. The information may have changed after that date. To find out what may have changed call us at 240-436-4000 or write us at 5210 Chairmans Court, Frederick, MD 21703. Before we approve you for a credit card, we will review your credit report, and the information you provide with your application to confirm that you meet the criteria for this offer. The full terms and conditions will be outlined in the cardholder disclosure which will be sent to you with the new card(s).

Interest Rates and Interest Charges

Annual Percentage Rates (APR)
for Purchases

8.90% to 15.90%
when you open your account, based on your creditworthiness.
This APR will vary with the market based on the Prime Rate.

Annual Percentage Rates (APR)
for Balance Transfers

8.90% to 15.90% based on your creditworthiness.
This APR will vary with the market based on the Prime Rate.

Annual Percentage Rates (APR)
for Cash Advances

8.90% to 15.90% based on your creditworthiness.
This APR will vary with the market based on the Prime Rate.

Penalty APR and When It Applies

11.40% to 18.0%

Your Interest Rate will increase if:
1.The Minimum Payment is not made by the date marked "payments must reach us by" on the periodic statement, the Annual Percentage Rate on the account will increase by 2.5% for the second billing cycle following the late Minimum Payment. The new rate will be applied to the outstanding balance on the periodic statement to derive the new Finance Charge and Minimum Payment.

15.90% to 18.0%

2. The Minimum Payment is again not made on time and in the full amount while the increase is effective, we will add an additional 4.5% to the then current rate (already 2.5% above the VISA rate for the account). This new rate will be applied to the outstanding balance reflected on the periodic statement for the second billing cycle after the second late Minimum Payment after the initial higher rate became effective. At no time will the rate plus any additional rate for late Minimum Payment exceed 18% APR.

How Long Will the Penalty APR Apply?: If the Minimum Payment is made on time and in the full amount for six months following the late Minimum Payment, the rate will revert to the then applicable Annual Percentage Rate for the VISA card.

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 interest on purchases if you pay your entire balance by the due date each month.

Minimum Interest Charge

None

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


Fees

Annual Fee

None

 

Transaction Fees

Balance Transfer

2% of the amount of the transfer (maximum fee $1,000)

Cash Advances

2% of the amount of the transfer

Foreign Transaction

1% of each transaction in U.S. Dollars

 

Penalty Fees

Late Payment Fee

Up to $35

Over-the-Credit Limit

Up to $35 - Opt-In form is on our website

Returned Payment Fee

Up to $25

 


How We Will Calculate Your Balance: We use a method called "Average Daily Balance (including new purchases)." See your Account Agreement for more details.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Account Agreement.

Variable Rate: Your account is subject to a Variable Rate which is based on your creditworthiness, the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal ("Index") in effect on 2 business days before each calendar quarter (January, April, July & October) plus our Margin of 5.65%, 6.65%, 7.65%, 10.65%, or 12.65% . These Margins are based upon creditworthiness. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of January, April, July & October following the change. Your creditworthiness may be evaluated semi-annually and your rate may change, increase or decrease, based on your then current credit score. Increases or decreases in the Interest Rate will result in like increases or decreases in the Interest Charge and may affect the amount of your regularly scheduled payments you will be required to make.

Maintenance Fees:
Statement Photocopies $3.00 per statement
Card Replacement Fee $10.00
Rush Plastics Fee $30.00 within the US, fees outside the US will be based on Fed-Ex international rates.

The information provided in this disclosure is accurate as of January 2011.

 

Nymeo is the trade name of Nymeo Federal Credit Union | © Nymeo Federal Credit Union | 1-855-436-4100 | info@nymeo.org
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Your savings federally insured to at least $250,000 and
backed by the full faith and credit of the United States Government.

Estate planning services are provided by Nymeo Wills & Trust LLC,
a separate entity owned by Nymeo Federal Credit Union.