EFFECTIVE DATE: July 29, 2010
| Interest Rates and Interest Charges | |
| Annual Percentage Rate for Purchases, Balance Transfers, and Cash Advances | 0.00% introductory APR for six months. After that, your non-variable APR will be between 13.99% and 17.90%, based on your creditworthiness. |
| Penalty APR and when it applies | 17.90%. This APR may be applied to your account if you: 1) Make a late payment; or 2) Make a payment that is returned. How Long Will the Penalty APR Apply? If your APR is increased for any of these reasons, the Penalty APR will apply until you make six consecutive minimum payments when due. |
| How to Avoid Paying Interest on Purchases and Balance Transfers | Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases and balance transfers if you pay your entire balance by the due date each month. |
| For Credit Card Tips from the Federal Reserve Board | To learn more about factors when applying for or using a credit card, visit the website of the Federal Reserve Board at www.federalreserve.gov/creditcard. |
| Fees | |
| Annual Fee | None |
| Balance Transfers | None |
| Transaction Fees - Cash Advance | Either $2.00 or 2% of the amount of cash advance, whichever is greater (maximum fee: $25.00). |
| Transaction Fees - Foreign Transactions | 1.0% of each foreign transaction in non-U.S. currency 0.8% of each foreign transaction in U.S. dollars |
| Penalty Fees - Late Payment | Up to $15.00 |
| Penalty Fees - Returned Payment | Up to $22.00 |
How We Will Calculate Your Balance: We will use a method called “average daily balance (including new purchases).”
Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you make a late payment.
The information is accurate as of May 1, 2010 and is subject to change. Please contact LAPFCU for any changes since this date at 877-MY-LAPFCU (877-695-2732), or write us at P.O. Box 10188, Van Nuys, CA 91410 - 0188.
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