credit card disclosures

CREDIT CARD DISCLOSURES Effective 2/22/10
General Requirement: Membership in METRO and a $50 Savings Account Balance.
Interest Rates and Interest Charges	Visa Classic	Visa Gold Minimum Credit Line $5,000	Visa Platinum Minimum Credit Line $5,000
Annual Percentage Rate (APR) for Purchases	13.80% Fixed Rate	12.80% Fixed Rate	11.80% Fixed Rate
Annual Percentage Rate (APR) for Balance Transfers	13.80% Fixed Rate	12.80% Fixed Rate	11.80% Fixed Rate
Annual Percentage Rate (APR) for Cash Advances	13.80% Fixed Rate	12.80% Fixed Rate	11.80% Fixed Rate
Penalty APR and When it Applies	None	None	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 interest on purchases if you pay your entire balance by the due date (Grace Period) each month.
Minimum Interest Charges	If you are charged interest, the charge will never be less then $ .50
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 web site of the Federal Reserve Board at http://www.federalreserve.gov/creditcard
Fees	Visa Classic	Visa Gold	Visa Platinum
Annual Fee	None	None	$25.00
Transaction Fees Balance Transfer Cash Advances Foreign transaction	None None 1.0%	None None 1.0%	None None 1.0%
Penalty Fees Late Payment Over-the-Credit-Limit Returned Payment	$30.00 None $25.00	$30.00 None $25.00	$30.00 None $25.00
Other Fees Draft Copy Fee Statement Copy Fee Card Pick-up Fee Card Replacement Fee	$15.00 $05.00 $65.00 $15.00	$15.00 $05.00 $65.00 $15.00	$15.00 $05.00 $65.00 $15.00
The finance charge for the 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 or credits as posted to your account, but excluding any unpaid finance charges. A finance charge will be imposed on Cash Advances from the date made or from the first day of the billing cycle in which the Cash Advance is posted to your account, whichever is later, and will continue to accrue until the date of payment. For a complete Disclosure Click Here
METRO Federal Credit Union 2440 E. Rand Road Arlington Heights IL 60004 (847) 670-0456 Fax (847) 670-0401