Visa® Platinum Card, Visa Platinum Rewards Card, and Visa Cash Rewards Card Terms & Disclosure

The policies and practices described in these disclosures are subject to change, but you will be informed of any significant changes as required by law. For updated information, please contact us at 505-889-7755 (800-347-2838 outside the Albuquerque area).
 
Visa Credit Card Agreement & Disclosure – Addendum 9.25%
Visa Credit Card Agreement & Disclosure – Addendum 11.25%
Visa Credit Card Agreement & Disclosure – Addendum 13.25%
Visa Credit Card Agreement & Disclosure – Former New Mexico Energy CU
 
Please note: The APRs applicable to your account will be determined by our review of your credit report, information you provide on your application, and other relevant information. All members may not qualify for the lowest APR disclosed above.
 
Below is a link to credit card agreements provided by the Federal Reserve. These agreements contain general credit terms and conditions along with pricing and fee information.

http://www.consumerfinance.gov/credit-cards/agreements/
 

SUMMARY OF CREDIT CARD TERMS

Visa® Platinum and Platinum Rewards Cards

 

Annual Percentage Rate (APR) for purchases: 9.25% to 13.25%* determined when the account is opened, based on credit history.

Cash advance and balance transfer APR: Determined when the advance or transfer is made, based on credit history.

Penalty APR: 18.00%**

Variable Rate Information: Your APR may vary each month.

Purchases and Cash Advances: determined by adding the Prime Rate published in the Wall Street Journal (the Index Rate) to a margin determined when your account is opened, ranging between 5.75% and 9.75%,*** based on credit history.

Grace period for repayment of balances for purchases: 21 days, on average, from the date of the periodic statement (provided you have paid your previous new balance in full by the due date).

Method of computing the balance for purchases: Average Daily Balance (including new purchases)

Annual fee: None

Minimum finance charge: $1

OTHER FEES:

Transaction fee for cash advances:
Greater of $2 or 1% of cash advance, $20 maximum.

Balance transfer fee: None

Late payment fee: $25

Over-the-credit-limit fee: N/A

*The information provided above is accurate as of 2/1/16. For current rate and fee information, visit the Rates and Fees page, or call 889-7755 (800-347-2838 outside the Albuquerque area). 

**The Penalty Rate applies to new and outstanding account balances if you fail to make a required minimum payment to Nusenda Credit Union within 60 days after payment due date. The increase will terminate once you have made 6 consecutive minimum payments on time, starting with the first payment after the date on which it was imposed. If the 6 consecutive on-time minimum payments are not made, Nusenda Credit Union has the option of keeping the Penalty Rate on your account indefinitely.
***The Index Rate used to determine your APR is the rate published on the 5th day of the month preceding the change date.

Visa® Cash Rewards Card


Annual Percentage Rate (APR) for purchases: 11.25 % and 13.25%*

Cash advance APR: 11.25% and 13.25%*

Penalty APR: 18.00%**

Variable Rate Information: Your APR may vary each month.

Purchases and Cash Advances: determined by adding the Prime Rate published in the Wall Street Journal (the Index Rate) to a margin determined when your account is opened, ranging between 7.75% or 9.75%, *** based on credit history.

Grace period for repayment of balances for purchases: 21 days, on average, from the date of the periodic statement (provided you have paid your previous new balance in full by the due date).

Method of computing the balance for purchases: Average Daily Balance (including new purchases)

Annual fee: None

Minimum finance charge: $1

OTHER FEES:

Transaction fee for cash advances:
Greater of $2 or 1% of cash advance, $20 maximum.

Balance transfer fee: None

Late-payment fee: $25

Over-the-credit-limit fee: N/A

*The information provided above is accurate as of 2/1/16. For current rate and fee information, visit our Rates & Fees page, or call 889-7755 (800-347-2838 from outside the Albuquerque area).

**The Penalty Rate applies to new and outstanding account balances if you fail to make a required minimum payment to Nusenda Credit Union within 60 days after the payment due date. The increase will terminate once you have made 6 consecutive minimum payments on time, starting with the first payment after the date on which it is imposed. If the 6th consecutive on-time minimum payments are not made, Nusenda Credit Union has the option of keeping the Penalty APR on your account indefinitely.

***The Index Rate used to determine your APR is the rate published on the 5th day of the month preceding the change date.

 

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