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Classic Card Terms & Conditions

VISA CLASSIC TERMS AND CONDITIONS

View the rates, fees and legal terms and conditions for the NASA Federal VISA Classic credit card
NASA Federal Classic Credit Card Terms and Conditions
Interest Rates and Interest Charges
Annual Percentage Rate (APR)* For Purchases12.4% - 17.99%
when you open your account, based on your creditworthiness.
APR For Balance Transfers

6.9% - 17.99% for balance transfers made within 90-days of account opening for qualified applicants, based on creditworthiness. The 6.9% - 17.99% 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 6.9% - 17.99%.

Otherwise, 12.4% - 17.99%, based on creditworthiness.  

APR For Cash Advances14.4% - 18.00% based on creditworthiness
Penalty APR and When it Applies

18.00%

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 PurchasesYour 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 ChargeNone
For Credit Card Tips from the Consumer Financial Protection BureauTo 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
Annual FeeNone
Transaction Fees

Balance Transfer: None

Cash Advance: 3% of advance ($5 minimum)

Foreign Transactions: None

Penalty Fees

Late Payment: $25.00 for the first time late within prior six (6) billing periods; otherwise $35.00.

Over-the-Credit Limit: None

Returned Payment: $25.00 for the first time late within prior six (6) billing periods; otherwise $35.00.

Other FeesCard Replacement: $5.00 if your account is subject to a Card Replacement Fee, a fee will be charged for each replacement card that is issued to you for any reason.

*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. NASA Federal is Federally Insured by NCUA.

 

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 are 60 days late making a payment.

 

Application of Penalty APR: Your APR may be increased to the disclosed Penalty APR if you are 60 days late in making a 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 (meaning not paying it off) 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.

 

Effective Date: The information about the costs of the card described in this application is accurate as of  September 1, 2020. This information may have changed after that date. To find out what may have changed, contact the Credit Union.

 

Military Lending Act Disclosures: Federal law provides important protection to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The cost associated with credit insurance premiums; fees for ancillary product sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transaction or accounts); and any participation fee charged (other than certain participation fees for a credit card accounts). Please call us at 1-888-627-2328 ext. 889 to receive oral disclosures of the Military Lending Act disclosure above and a description of the payment obligation.  

 

OTHER DISCLOSURES

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. 

 

Collection Costs: 

For Illinois Borrowers: You promise to pay, subject to applicable law, all costs of collecting what You owe under this Agreement  and all  costs  of  realizing  on  any security for  the Plan including court  costs,  collection  agency  fees and reasonable  attorney's  fees.  We may  enter  into  a  contingent  or  hourly  fees  arrangement  with  an  attorney  or  collection agency and You agree that such an Agreement is reasonable. This provision also applies to bankruptcy, appeals or post- judgment proceedings.

For All Other Borrowers: You agree to pay all costs of collecting the amount You owe under this Agreement, including court costs and reasonable attorney's fees.

 

Variable Rate: The Annual Percentage Rate (APR) may increase or decrease monthly based on the Prime Index published in The Wall Street Journal. Any increase in the APR will result in an increase in the amount of the interest you will pay, may increase your minimum payment, and may increase the number of payments to pay off your balance. The APR will never be greater than 18.00%. If the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.

 

Margin:^ Purchases will be charged at 6.15 % above the Index. Balance Transfer will be charged at 6.15 % above the Index. Cash Advances will be charged at 8.150% above the Index.

^The Annual Percentage Rate (Margin plus Index) will never be greater than 18.00%.

 

CREDIT LIMITS

 

Visa Classic Programs: The maximum approval limit is $30,000.00 based on your creditworthiness.

Confidential information such as account numbers and social security numbers should not be sent by email for security reasons. Instead, please contact us directly at 1-888-NASA-FCU, send us a secure message through eBranch Online Banking or Mobile Banking, or visit your nearest branch.

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