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BFG Federal Credit Union Credit Card Disclosure
Effective January 1, 2008
| Annual Percentage Rate (APR) For Purchases |
8.99% 1-1-02 to 12-31-08 (Promotional Period). Thereafter: 11.9% Gold, 13.9% Classic. |
| Other APRs |
Cash Advances and Balance Transfers 8.99% 1-1-02 to 12-31-08 (Promotional Period). Thereafter: 11.9% Gold, 13.9% Classic.
Default APR: 16.99% See explanation below** |
| Annual Fee |
None |
| Grace Period for Purchases |
Twenty Five Days* |
| Method of Computing the Balance for Purchases |
Average Daily Balance Including New Purchases |
| Late Payment Fee |
$25.00 |
| Over credit Limit Fee |
$25.00 |
| Cash Advance Fee |
3% of advance ($5 minimum) |
| Balance Transfer Fee |
None |
*A Finance Charge will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for
the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your
previous monthly statement within that 25-day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment, if more than 25 days from the closing date. The Finance Charge for a billing cycle is computed by applying the Monthly Periodic Rate to the average daily balance of Credit Purchases, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Each daily balance of Credit Purchases is determined by adding to the outstanding unpaid balance of Credit Purchases at the beginning of the billing cycle any new Credit Purchases posted to your account, and subtracting any payments as received and credits as posted to your account, but excluding any unpaid Finance Charges. A Finance Charge will be assessed on Cash Advances from the date of the Cash Advance, or the first day of the billing cycle in which the Cash Advance is posted, whichever is later, and will continue to accrue until payment in full is made.
**All your APRs may automatically increase up to the Default APR if you default under any Card Agreement you have with us because you fail to make a payment to us when due and become 30 days delinquent.
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We Do Business in Accordance With
the Federal Fair Housing Law
and the Equal Credit Opportunity Act.
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