| Interest Rates and Interest Charges | |
| Annual Percentage Rate (APR) for Purchases |
Visa - Purchases Made Within Oswego County 6.90% to 16.90% based on your creditworthiness.
Visa- Purchases Made Outside Oswego County 7.90% to 17.90%, based on your creditworthiness. Visa Secured- Purchases Made Within Oswego County 11.99% Visa Secured - Purchases Made Outside Oswego County 12.99%
|
| APR for Balance Transfers |
Visa - 7.90% to 17.90% when you open your account, based on your creditworthiness. Visa Secured - 12.99% |
|
APR for Cash Advances |
Visa - 7.90% to 17.90% when you open your account, based on your creditworthiness Visa Secured - 12.99% |
| Penalty APR and When it Applies | None |
| 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 any 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 |
|
| Transaction Fees | |
| Foreign Transaction Fee | 1.00% of each transaction in U.S. dollars |
| Penalty Fees | |
| Late Payment Fee | Up to $25 |
| Returned Payment Fee | Up to $25 |
| 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 September 18, 2020. | |
| This information may have changed after that date. To find out what may have changed, contact the Credit Union. | |
| Other Disclosures | |
| Late Payment Fee | $25.00 or the amount of the required minimum payment, whichever is less, if you are five (5) or more days late in making a payment. |
| Returned Payment Fee | $25.00 or the amount of the required minimum payment, whichever is less. |
| Pay-by-Phone Fee |
$10.00 |
Discounted APR on Purchases: To qualify for the local purchase APR, which is equal to 1.00% less than the standard APR, eligible purchases must be made with your Oswego County Federal Credit Union Visa card and the purchase must be made at a retail location in Oswego County, New York, which includes locations within the areas of 13028, 13036,13042, 13044, 13069, 13074, 13076, 13083, 13093, 13103, 13107, 13114, 13115, 13121, 13126, 13131, 13132, 13135, 13142, 13144, 13145, 13167, 13302, 13426, 13437, and 13493. Purchases made through a third-party vendor or the use of an online application or website will be considered purchases made in the location identified by the zip code used by the third-party vendor/application/website and may not qualify for the local discount. This promotional APR does not have a current expiration but can be discontinued at any time at the discretion of Oswego County Federal Credit Union upon notice to the cardholder, as applicable by law.
For California Borrowers, the Visa 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. Not withstanding 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.
