Rates, Fees and Terms
Note: This is a Disclosure of current rates, fees and terms specifically listed below. All other terms not described in this Disclosure continue to apply to your account. This applies to all newly opened accounts, upgrades and approved limit increases
Interest Rates and Interest Charges
Annual Percentage Rate (APR) - 9.5% (Platinum), 10.5% (Gold), 14.5% (Classic) or 17.75% (Standard): all non-variable
For Purchases - Rates are based on your credit worthiness
Other APRs - 10.5% (Platinum), 11.5% (Gold), 15.5% (Classic) or 18.75% (Standard): all non-variable for Cash and Overdraft advances and Balance Transfers
Penalty APR - We do not charge a Penalty APR.
How to Avoid Paying Interest on Purchases - Your payment is due at least 25 days after the close of each billing cycle (the 15th of each month). BCCU will not charge you interest on purchases if you pay your entire balance by the due date each month which is the 10th of each month. You are charged interest on Cash Advances (including Convenience Checks), balance transfers and overdraft advances on the transaction date.
Paying Interest - No interest will be charged if you pay your total balance in full by the due date every billing period. If you do not, you will not get a grace period.
Minimum Interest Charge - If you are charged interest, the minimum charge is $0.00
Minimum Payments - Visa Gold and Visa Platinum Minimum Payments will be an amount equal to 2.00% of your new unpaid Visa Gold or Visa Platinum Account balance at the end of each billing cycle, subject to the lesser of $25.00 or your balance, plus any portion of the Minimum Payments shown on prior statement(s) which remains unpaid, plus any amount that exceeds your approved credit limit.
Visa Standard and Visa Classic Minimum Payments will be an amount equal to 3.00% of your new unpaid Visa Standard or
Visa Classic Account balance at the end of each billing cycle, subject to the lesser of $25.00 or your balance, plus any portion of the Minimum Payments shown on prior statement(s) which remains unpaid, plus any amount that exceeds your approved credit limit.
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 Web site of the Federal Reserve Board at:
http://www.federalreserve.gov/creditcard
Fees
Annual - There is no annual fee on the Platinum, Gold and Classic cards. There is a $20 Annual Fee on the Standard card
Cash Advance - Platinum and Gold Cards, no cash advance fee. Classic and Standard Cards, greater of 1.5% of the amount or $2.00.
Over-the-Limit - There are no over-the-limit fees
Late Payment - $15 when payment is 15 or more days late
Returned Payment Fee - $25