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26 Cards in this Set
- Front
- Back
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What is the APR for the Visa Classic Credit Card?
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16.9%
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What is the APR for the Visa Gold?
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13.9%
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What is the APR for the Visa Platinum?
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10.9%
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What is the grace period for purchases on Visa Credit cards? (the time before interest is accrued on purchases made)
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25 days, for all cards.
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What is the Penalty APR rate on all three Visas? How is this assessed?
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17.9% for all Visas. If a member is late on payments for 2 cycles, they will default to the penalty rate.
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What are the credit lines for all three Visas?
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Classic: $300-$50000
Gold: $1500-$50000 Platinum: $5000-$50000 |
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What are the Travel Accident Insurance limits for all three Visas?
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Classic: up to $200,000
Gold: up to $500,000 Platinum: up to $1,000,000 |
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What is a Shared Secured Visa?
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The member deposits the same amount of $ as the credit line, and the deposit is held by ACU for the life of the card. This does not report to Experian as "secured." Shared Secured cards are the same as the classic card in everything including accident insurance and interest rates. Limits can range from $300-$1500.
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Do cash advances have a 25 day interest grace period on Visa Credit Cards?
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No, cash advances begin to accrue interest immediately after the transaction takes place.
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VISA CLASSIC
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APR 16.9%
LIMIT: $300 - $50K INS: up to $200,00 |
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VISA GOLD
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APR: 13.9%
LIMIT: $1,500 - $50,000 INS: up to $500,00 |
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VISA PLATINUM
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APR: 10.9%
LIMIT: $5,000-$50,000 INS: up to $1,000,000 |
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What is the required minimum payment on all three Visa cards?
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Either $25 or 2% of the balance, whichever is greater.
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With a Shared Secured Visa, how long does ACU hold the funds needed to qualify for the card?
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After one year of positive payment history, the member can request to have their account reviewed and their funds may be released.
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When are Visa Credit Card payments due? Can members chose their own due dates?
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No, all ACU Visas payments are due on the 25th of each month.
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How will payments be applied to credit cards?
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First: to unpaid interest and fees
Second: to any insurance or promotional balances Third: to regular purchase balances |
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Is there a grace period on the payment due date for Visa Credit Cards?
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No, there is no grace period, even if the 25th falls on the weekend or a holiday.
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What is the late payment fee for Visa Credit cards? When is it applied?
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Either $25 or 20% of the total payment is applied if a payment is not received by the 26th of each month.
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What happens to anything charged that brings the member over their limit on their Visa Credit card?
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Anything over the limit will be added to the next payment due.
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Can convenience checks be disputed? Can you place a stop payment on a convenience check?
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No, convenience checks cannot be disputed or stopped.
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What is the fee for using our Skip-A-Payment Program? Where is this fee taken from?
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$30.00 The fee is taken from the available balance from either the members checking account of savings account. Funds must be available to qualify for a skipped payment.
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How often can a member "skip" their loan payment?
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A maximum of two payments per every 330 days, or 11 months. (Not two consecutive months, though).
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Can mortgage or home equity loan payments be "skipped"?
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No, these loan payments cannot be skipped.
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What types of loans are eligible for the Skip-A-Pay program?
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Auto loans, personal loans and lines of credit (Visa Cards)
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How can the Skip-A-Pay program affect a member's GAP coverage?
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3 "skips" in the life of a loan will CANCEL the member's GAP coverage. No reimbursement will be given to the member.
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Who is ineligible for the skip a pay program?
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Accounts with chapter 7 or 13 BK
Deceased Repos Any 15+ days late in the last year Foreclosure in progress Overdraft Pro unpaid 25+ days See collections statuses |
