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 Legal Information /
| Annual Percentage Rate for Purchases |
MasterCard Classic
11.00– 18.00%*
("Standard Rate" for all types of transactions). Corresponding daily
periodic rate is 0.03013– 0.04932%
MasterCard Member Miles / Rewards
13.50– 18.00%*
("Standard Rate for all types of transactions"). Corresponding daily
periodic rate is 0.03698– 0.04932%*
MasterCard Cash Back / Rebate
13.75– 18.00 %*
("Standard Rate for all types of transactions"). Corresponding daily
periodic rate is 0.03767– 0.04932%*
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| Other APRs |
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Penalty APR: 18.00% for default accounts.Corresponding
daily periodic rate is 0.04932%* See explanation below** |
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| Introductory Rate Information |
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For qualified new cardholders, Introductory APR is 5.90% on
purchases for first six billing cycles. Corresponding daily periodic rate
is 0.01617% |
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| Variable Rate Information |
APR may vary. Purchase and Balance Transfer rate is determined monthly by adding 3.50% - 13.50% to the Index*.
An additional 2.50% APR adjustment for the Member Miles Platinum MasterCard.
An additional 2.75% APR adjustment for the Cash Rebate Platinum MasterCard |
Grace Period for Repayment of Balances for Purchases
25 days, but grace period for cash advances, balance transfers or convenience checks, if applicable.
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Method of Computing the Balance for Purchases
Average Daily Balances (Including New Purchases*)
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| Annual Fee |
None |
| Minimum Finance Charge |
None |
| Transaction Fee for Purchases and Balance Transfers |
None |
| Transaction Fee for Cash Advances |
None*** |
| Late Payment Fee |
$25.00 on the 6th day due |
| Over the Credit Limit Fee |
$25.00 for each occurrence |
| Return Check Fee |
$25.00 per return |
CURRENCY CONVERSION: If you effect a transaction with your MasterCard in a currency other than U.S. dollars, MasterCard International will convert the charge into a U.S. dollar amount. MasterCard International will use its currency conversion procedure, which is disclosed to institutions that issue MasterCard cards. Currently the currency conversion rate used by MasterCard International to determine the transaction amount in U.S. dollars for such transactions is generally either a government mandated rate or a wholesale rate determined by MasterCard International for the processing cycle in which the transaction is processed, increased by an adjustment factor established from time to time by MasterCard International. The currency conversion rate used by MasterCard International on the processing date may differ from the rate that would have been used on the purchase date or cardholder statement posting date. MasterCard International for international transactions and currency conversion may add a transaction fee of 1%.
* The terms disclosed are current as of Aprilt 1, 2008 and are subject to change. The APR for purchases, balance transfers, and cash advances are the same and in any given billing cycle, except for any past due rate period, APR will be the Index plus a Base Rate of 3.50 to 15.00%. Index is the highest Prime Rate as published in the Money Rates section of The Wall Street Journal on the 15th day of the month for the preceding three months and is subject to change monthly. If the 15th falls on a weekend or a holiday in any given month, then we will use the Prime Rate published on the next business day for that month. Any change in the Index will be effective on the first day of the billing cycle following the date of the change. An increase in the Index will result in an increase in the periodic rate, which in turn, may result in higher payments.
**If your account is delinquent for 2 cycles or 60 days, rate will increase to 18.00% APR. If required payments are made for 6 consecutive cycles or 6 months, rate will revert to standard corresponding rate.
***If you obtain cash advance by using an Automated Teller Machine, you may be charged any amounts imposed upon the credit union by the owner or operator of the machine.
The information about the costs of the card described in this disclosure is accurate as of 8/07. To apply for a low rate, no cost TBACU credit card click here. This information may have changed after that date. To find out what may have changed, e-mail us.
If you have any questions or concerns about your account information at TBACU, please call our Information Center at 713.336.5500 or 800.577.3164 or e-mail us.
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