CLASSIC CREDIT CARD TERMS
|Important Visa Disclosure and Credit Information|
NASA Federal Classic Credit Card Terms and Conditions
Interest Rates and Interest Charges
|Annual Percentage Rate (APR)* For Purchases||
12.9% to 17.99%when you open your account, based on your creditworthiness.
|APR For Balance Transfers||
9.9% Annual Percentage Rate (APR) is valid only on balance transfers made within 90-days of account opening for qualified applicants, based on creditworthiness. The 9.9% APR will remain in effect for the life of balances transferred from non-NASA Federal credit cards within the first 90-days of account opening. Balance transfers made after 90-days of account opening do not qualify for the 9.9% APR.
Otherwise, 12.9% to 17.99%, based on creditworthiness.
|APR For Cash Advances||14.9% to 18.00% based on creditworthiness|
|Penalty APR and When it Applies||
This APR may be applied to your account if you make a late payment.
How Long Will the Penalty APR Apply? The Penalty APR will apply until you make six consecutive minimum payments when due and do not exceed your credit limit during that time period.
|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 interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.|
|Minimum Interest Charge||None|
|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 https://www.nasafcu.com/cfpb/.|
Balance Transfer: None
Cash Advance: 3% of advance ($5 minimum)
Foreign Transactions: None
Late Payment: Up to $35 (Charged if minimum payment is not received by the due date.)
Over-the-Credit Limit: None
Returned Payment: Up to $35
Card Replacement: None (Platinum Rewards);
*APR = Annual Percentage Rate. Eligibility and Membership in NASA Federal required. All offers subject to credit approval. This limited-time offer is subject to change at any time without notice.
The minimum monthly payment is 2% of your total new balance, or $25, whichever is greater.
How We Will Calculate Your Balance: We use a method called “average daily balance” (including new purchases). See your Account Agreement for more details.
Loss of Promotional APR on Balance Transfer: We may end your promotional APR and apply the Penalty APR if you make a late payment.
Billing Rights: Information on your rights to dispute transactions, and how to exercise those rights, is provided in your Account Agreement.
Balance Transfer Offers: The total transferred may not exceed your available credit card limit. Allow at least 2 weeks from account opening for processing. Continue paying each creditor until the transfer appears as a credit. Balance Transfers incur interest charges from the transaction date. If you revolve your balance to take advantage of a promotional offer, all transactions and balances, including purchases, will be charged interest. Balance Transfers may not be used to pay off or pay down any account issued by NASA Federal Credit Union.
Application of Penalty APR:
Your APR may be increased to the disclosed Penalty APR if you are 60 days late in making a payment.
The information about the costs of the card described in this application is accurate as of: December 20, 2018. This information may have changed after that date. To find out what may have changed, contact the Credit Union.
For California Borrowers, the Visa Platinum Advantage Rewards, Visa Platinum Cash Rewards, Visa Classic, Visa Classic Secured and Visa Star Trek Card are secured credit cards. 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.