Visa Rates and Terms – EFFECTIVE: March 1, 2023
PLATINUM VISA
ULTRA VISA
STUDENT VISA
SAVINGS SECURED VISA
ULTRA VISA
STUDENT VISA
SAVINGS SECURED VISA
Annual Percentage Rate (APR) for Purchases
| Card Type | Interest Charges |
|---|---|
| PLATINUM VISA |
14.75% to 22.25% when you open your account, based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. |
| ULTRA VISA |
12.74% to 20.24% when you open your account, based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. |
| STUDENT VISA |
14.75% to 22.25% when you open your account, based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. |
| SAVINGS SECURED VISA |
22.25% when you open your account, based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. |
APR for Balance Transfers
| Card Type | Interest Charges |
|---|---|
| PLATINUM VISA | 20.75% to 28.25% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
| ULTRA VISA | 18.74% to 23.74% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
| STUDENT VISA | 20.75% to 28.25% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
| SAVINGS SECURED VISA | 28.25% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
APR for Cash Advances
| Card Type | Interest Charges |
|---|---|
| PLATINUM VISA | 20.75% to 28.25% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
| ULTRA VISA | 18.74% to 23.74% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
| STUDENT VISA | 20.75% to 28.25% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
| SAVINGS SECURED VISA | 28.25% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
How to Avoid Paying Interest on Purchases
Your due date is at least 28 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.
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
| Item Type | Fee |
|---|---|
| Annual Fee | None |
| Document Copy | $3.00 per document |
| Card Replacement | $5.00 |
| Emergency Card Replacement | $15.00 |
| Rush Fee | $15.00 |
Transaction Fees
| Item Type | Fee |
|---|---|
| Balance Transfer | Either $10.00 or 3.0% of the amount of each balance transfer, whichever is greater. |
| Cash Advance | Either $10.00 or 3.0% of the amount of each cash advance, whichever is greater. |
| Foreign Transaction | 1.0% of each transaction in U.S. dollars. |
Penalty Fees
| Item Type | Fee |
|---|---|
| Late Payment | Up to $18.00 or the amount of the required minimum payment, whichever is less, if you are 15 or more days late in making a payment. |
| Returned Payment | $15.00 or the amount of the required minimum payment, whichever is less. |
| Returned Convenience Check | $15.00 or the amount of the returned convenience check, whichever is less. |
How We Will Calculate Your Balance
We use a method called "average daily balance" (including new purchases).
Effective Date
The information about the costs of the card described in this application is accurate as of March 1, 2023. This information may have changed after that date. To find out what may have changed, contact MyPoint Credit Union at (888) 495-3400.
For California Borrowers, the Share Secured VISA card is a secured credit card. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are a covered borrower under the Military Lending Act your credit card will be secured by any specific Pledge of Shares you grant us but will not be secured by all shares you have in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.