Interest Rates and Interest Charges.
Annual Percentage Rate(APR) for Purchases 6.95%-8.95%* Standard Rate
APR for Balance Transfers 6.95%-8.95%* Standard Rate
APR for Cash Advances 6.95%-8.95%* Standard Rate
Paying Interest 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 for cash advances and balance transfers on the transaction date.
Minimum Interest Charge None
For Credit Card Tips from the Federal Reserve Board To learn more about factors to consider when applying for or using a credit card,visit the website of the Federal Reserve Board at:http://federalreserve.gov/creditcard
Fees
Annual Fee None
Document Copy Fee $5.00
Transaction Fees
  • Balance Transfer
  • Cash Advance
  • Foreign Transcations
None
None
1% of each transaction in U.S. dollars.
Penalty Fees
  • Late Payment
  • Over-the-credit Limit
  • Returned Payment
$20.00 when 10 or more days late.
$20.00 when 5% over your credit limit (if applicable)
$25.00

* Your exact rate is based on your creditworthiness. Ask a loan officer about the rate you qualify for.

Collection Costs: You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attroney's fees.

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See your account agreement for more details.

To help the government fight the funding of terrorism and money laundering activities. Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What this means to you: When you open an account, we will ask for your name, address, date of birth and identification number, such as social security number and other information that will allow us to identify you. We may also ask to see your driver's licence or other identifying documents. The information is being requested and observed is for compliance with the requirements of Section 326 of the USA PATRIOT Act Rlated to implementing customer identification and verification requirements.

The information about the costs of the Card described in this application is accurate as of 10/2009.This information may change after that date. To find out what may have changed, call 1-507-288-0330 or write to:  First Alliance Credit Union at 320 Alliance Place NE, Rochester, MN 55906.

Variable Rate.

The ANNUAL PERCENTAGE RATE is subject to change on the first day of the billing cycle quarterly to reflect any change in the Index and will be determined by the Primate Rate on the first day of each quarter (January, April, July, October) of each year as published in The Wall Street Journal  "Money Rates" table. The ANNUAL PERCENTAGE RATE will never be greater than 18.00%. Any increase in the ANNUAL PERCENTAGE RATE will take the form of additional payments as shown as Total Minimum Payments on the statement. If the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.

Periodic Rates.

The Purchase, Balance Transfer and Cash Advance APR is 6.95%APR which is a daily periodic rate of 0.019041% for Platinum MasterCard. The Purchase , Balance Transfer and Cash advance APR is 8.95%APR which is a daily periodic rate of 0.0245205% for Standard MasterCard.

Margin.

Purchase, Cash Advances and Balance Transfers will be charged at 3.70% above the index for Plantinum Mastercard and 5.70%  above the index for Standard MasterCard.

Wisconsin Residents: Wisconsin law provides that no agreement, court order or individual statement applying to marital property will effect a creditor's interests unless prior to the time credit is granted the creditor is furnished with a copy of the agreement, court order or statement, or has actual knowledge of the adverse provision.

 
Please press CTRL and P on your keyboard to print this information.