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Classic Visa Terms and Conditions

Important Information on Rates, Fees and Other Costs

Interest Rates and Interest Charges for Classic Visa

Variable Annual Percentage Rate (APR) for Purchases, Balance Transfers and Cash Advances18.00% when you open your account, based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate.
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.
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 www.consumerfinance.gov/learnmore.

Fees

Annual Fee$0

Transaction Fees

Balance Transfer3% of the amount of each transaction
Cash Advance3% of the amount of each transaction
Foreign TransactionForeign Transaction: Visa International Service Assessment Fee Single Currency Transaction: 0.8% of transaction Multiple Currency Transaction: 1.0% of transaction

Penalty Fees

Rates Effective as of: 06-15-2024

Late Payment$25 for the first violation, $30 for the next violation(s) during the next 6 billing cycles
Overlimit$0
Return Payment$25

 

APR Reduction

Your APR will be reduced by 0.25% if you make three minimum balance payments by the required due date within a consecutive period and you make a total of $300 in Point of Sale (POS) purchases within a consecutive period. A consecutive period is defined as follows: a three-month timeframe [e.g. (January, February and March) or (February, March and April)]. If a payment(s) is/are not made by the required due date during any month within a consecutive period, a “new” consecutive period is initiated. For example, if you do not make a payment by the required due date or if you do not make a total of $300 in Point of Sale (POS) purchases in January, but meet all payment and purchase requirements in February, March and April, you will still qualify for the 0.25% APR reduction. If you meet all payment and purchase requirements in January, February and March, you will qualify for the 0.25% APR reduction. You can still qualify for the additional 0.25% APR reduction if you meet the payment and purchase requirements in April, May, and June. These 0.25% APR reductions will continue to occur if you meet all payment and purchase requirements until you reach the maximum achievable 7.00% APR. During one calendar year you may earn up to four 0.25% APR reductions totaling a 1% APR reduction. The maximum achievable APR with these 0.25% APR reductions is 7.00%. The Automatic APR Reduction does not apply to any promotional rate offers. Point of Sale (POS) purchase requirements do not include ATM transactions, cash advances, or balance transfers.

 

How We Will Calculate Your Balance: We use a method called “average daily balance” (including new purchases).

 

 

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