Visa
Take charge with one of 2 great VISA cards from MGEFCU.
PLATINUM
- No Annual Fee
- 8.9% APR
- No Transaction Fees
PLATINUM WITH SCORECARD
- No Annual Fee
- 7.9% APR
- No Transaction Fees
- Scorecard Bonus Points
VISA CREDIT CARD PROGRAM
- MINIMUM MONTHLY REPAYMENT OF LOAN BALANCES:
Minimum Monthly repayment will be the greater of 2% of the outstanding loan balance or $15.00.
- FINANCE CHARGE CALCULATION:
Finance charge calculations will be made using the grace period method. The new cardholder will have a period of 25 days from the billing date to payment date to pay the balance of purchases in full without incurring a finance charge. A finance charge will be imposed on Cash Advances from the date of the Cash Advance or from the first day of the billing cycle in which the Cash Advance is posted to your account, whichever is later.
- SECURITY REQUIREMENTS:
All parties applying for VISA must be members of the credit union. The maximum number of cards issued per joint user account shall be two.
- CREDIT LIFE AND DISABILITY INSURANCE:
Credit Life and Disability Insurance coverage will be extended to VISA Accounts on a member pay basis.
- MISCELLANEOUS FEE:
NSF Check Fee and Late Payment Fee:
For balances of $.01 to 1,224.99 the fee will be $15.00
For balances $1,225.00 or greater the fee will be $25.00
- REASONS FOR SUSPENSION:
A. Thirty (30) day delinquent payment.
B. Over credit limit not reduced within thirty (30) days.
C. Payment returned for insufficient funds.