INTEREST RATE AND INTEREST CHARGES
 
 
TCU* VISA® PLATINUM CREDIT CARD
 
 
TCU* VISA® PLATINUM REWARDS CREDIT CARD
 
Annual Percentage Rate (APR) for Purchases
 

1.99% introductory APR for the first twelve months.
After that, your APR will be 9.25%, 11.25%, 13.25%, 15.25% or 19.25% based on your creditworthiness. This APR will vary with the market based on a Prime Rate.a
 
12.25%, 13.75%, or 15.25% based on your creditworthiness. This APR will vary with the market based on a Prime Rate.a
 
APR for Balance Transfers from another financial institutiond
 

1.99% introductory APR for the first twelve months.
After that, your APR will be 9.25%, 11.25%, 13.25%, 15.25% or 19.25% based on your creditworthiness. This APR will vary with the market based on a Prime Rate.a
 
12.25%, 13.75%, or 15.25% based on your creditworthiness. This APR will vary with the market based on a Prime Rate.a
 
APR for Cash Advances
 

11.75%, 13.75%, 15.75%, 17.75% or 21.00% based on your creditworthiness. This APR will vary with the market based on a Prime Rate.b
 
14.75%, 15.25% or 17.75% based on your creditworthiness. This APR will vary with the market based on a Prime Rate.b
 
Paying Interest
 
Your due date is at least 25 days after the close of each billing cycle. We will begin charging interest on Purchases, Balance Transfers and Cash Advances on the transaction date. To avoid incurring interest charges, for new purchase transactions, you must pay the new balance which includes purchases, balance transfers and cash advances, as shown on the Account Statement, on or before the payment due date.
 
Your due date is at least 25 days after the close of each billing cycle. We will begin charging interest on Purchases, Balance Transfers and Cash Advances on the transaction date. To avoid incurring interest charges, for new purchase transactions, you must pay the new balance which includes purchases, balance transfers and cash advances, as shown on the Account Statement, on or before the payment due date.
 
Minimum Interest Charge
 
If you are charged interest, the charge will be no less than $0.50.
 
If you are charged interest, the charge will be no less than $0.50.
 
For Credit Card Tips from the Consumer Financial
Protection Bureau
 
To learn more about the 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
 
To learn more about the 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
 
None
 
Balance Transfer Fee
 
$5 or 5% per transaction, whichever is greater
 
$5 or 5% per transaction, whichever is greater
 
Penalty Fees
Late Fees Return Payment Fee Expedited Delivery
Fee Stop Payment Fee (for balance transfer checks and convenience checks
 
 
IN - $19.00c, MI - greater of $15.00 or 5% of the minimum payment
$25.00
up to $26.00
$18.00
 
 
IN - $19.00c, MI - greater of $15.00 or 5% of the minimum payment
$25.00
up to $26.00
$18.00
 

How We Calculate Your Balance. We use a method called “average daily balance (including new purchases).”

Prime Rate. Variable APRs are based on the 5.25% Prime Rate as of 10/1/18.
*Must be a member of Teachers Credit Union to be eligible to apply for the Credit Card. Membership fee, to open a Member Share (savings) account is
$7.00 membership fee and $5.00 minimum Share deposit is required. See your account agreement for more details.

TCU VISA® PLATINUM CREDIT CARD
  1. We add 4.00%, 6.00%, 8.00%, 10.00% or 14.00% based upon your creditworthiness to the current Prime Rate to determine the Purchase APR or Balance Transfers.
  2. We add 6.50%, 8.50%, 10.50%, 12.50% or 16.50% based upon your creditworthiness to the current Prime Rate to determine the Cash Advance APR.
  3. This fee may change, pursuant to Indiana Code 24-4.5-1-106 and 24-4.5-3-203.5. MI-greater of $15.00 or 5% of the minimum payment
  4. Balance Transfers from another Teachers Credit Union loan account, including THE Card Home Equity Loan, are not permitted on the TCU Visa® Platinum Credit Card.

TCU VISA® PLATINUM REWARDS CREDIT CARD
  1. We add 7.00%, 8.54% or 10.00% based on your creditworthiness to the current Prime Rate to determine the Purchase APR or Balance Transfer APR.
  2. We add 9.50%, 10.00% or 12.50% based on your creditworthiness to the current Prime Rate to determine the Cash Advance APR.
  3. This fee may change, pursuant to Indiana Code 24-4.5-1-106 and 24-4.5-3-203.5. MI-greater of $15.00 or 5% of the minimum payment.
  4. Balance Transfers from another Teachers Credit Union loan account, including THE Card Home Equity Loan, are not permitted on the TCU Visa® Platinum Rewards Credit Card.

Rewards Program. You may earn a 1.5% Rebate (“Rewards”) on your Net Purchase Transactions, which is the amount of your purchase transactions for goods or services, less any purchase refunds. Rewards are not earned on Cash Advance or Balance Transfer transactions. The accrued Rewards will be shown on your monthly billing statement and the Rewards will be credited annually, in October. Rewards may not be redeemed for cash or services and we may revoke your Rewards, at any time, if you exceed your credit limit, become delinquent, are in default of your Agreement, or close your account. We reserve the right to amend this Rewards Program, at any time, upon notice.
 
 

© Teachers Credit Union. New members are subject to a $7 membership fee and $5 initial Share deposit. Any links to external websites are links to alternative sites not operated by TCU. TCU is not responsible for the content of the alternate site. The privacy and security policies of the alternate site may differ from those practiced by TCU. TCU does not represent you or the third party if you enter into a transaction with the third party.

 
Federally Insured by NCUA.
Teachers Credit Union,
Lender NMLS #686706