Compliance
Please read the following disclosure before completing your application, then click the button below.
Hawthorne Visa Credit Card Disclosures
| Visa Platinum Savers | Visa Platinum Rewards | |
Annual percentage rate on purchases, balance transfers and cash advances |
The rate is fixed at 10.74% APR | The rate will be variable based on the Prime Rate as published in the Wall Street Journal plus a margin of 4.49%. As of 4/17/08 9.74% APR.1 |
| Other APRs | Penalty Rate: 15.25% APR. See explanation below* | Penalty Rate: Prime plus 10.00% APR. See explanation below** |
| Annual fee | None | None |
| Balance transfer fee | None | None |
| Grace period on purchases | 25 Days | 25 Days |
| Transaction fee for cash advances | 2% of advance, $5 min., $25 max. | 2% of advance, $5 min., $25 max. |
| Over-the-credit-limit fee | $29 | $29 |
| Late payment fee, if not received in 10 days | Balance $0 - 100 - $15 $101 - 1,000 - $23 $1,001 + - $29 |
Balance $0 - 100 - $15 $101 - 1,000 - $23 $1,001 + - $29 |
| Foreign Transaction Fee | 2% | 2% |
1 If you choose the Hawthorne Visa Platinum Rewards Credit Card, the annual percentage rate may vary each calendar month, the rate will be variable based on the Prime Rate as published in the Wall Street Journal plus a margin of 4.49%. Min 8.99% APR. The variable rate will be calculated by adding 4.49% for Purchases and 4.49% for Cash Advances to the U.S. Prime Rate published in the Wall Street Journal as of the 25th of the month that precedes each calendar month (the "index"). The Prime rate was
3.25% as of 12/16/08.
2 If you choose the Hawthorne Visa Platinum Savers Credit Card, the annual percentage rate is fixed. The annual percentage rate for Purchases is 10.74%. For Cash Advances the annual percentage rate is 10.74%.
3 Disclosure regarding points and use of points Every dollar in qualifying purchases, net of returns, the "Participant" charges to their credit card account eligible in this Rewards Program ("Program") earns participant one point. No points are earned for finance charges, fees, cash advances, convenience checks, foreign transaction currency conversion charges, or insurance charges posted to the account. Accounts must be open and in good standing (not canceled or terminated by either party, not delinquent, over limit, or otherwise not available to use for charges) at time of redemption. Points have no cash value and cannot be exchanged for cash, cannot be combined with cash to obtain awards, cannot be earned from or transferred to or combined with any other credit card account’s points for redemption. All points will expire if not used within 5 years from the date they are earned. The Program may be terminated or modified at any time without restriction or penalty.
*Platinum Savers fixed rate late penalty explanation. If you fail to keep your account in good standing, we may immediately increase the APR for purchases and cash advances to 18.74% APR. Your account may be eligible for the lower rate after you have met the terms of this agreement for six months. (Ask about automatic payment method to insure your payments are on time.) Accurate as of 4/17/08, but subject to change.
**Platinum Rewards card variable rate late payment penalty explanation. If you fail to keep your account in good standing, we may immediately increase the APR for purchases and cash advances to Prime plus 10.00%APR. As of 4/17/08, the penalty rate was 18.74% APR. Your account may be eligible for the lower rate after you have met the terms of this agreement for six months. (Ask about automatic payment method to ensure your payments are on time.) Accurate as of 4/17/08, but subject to change.
For more information contact Hawthorne Credit Union at 630-369-4070.
|
|
