SCHOOL EMPLOYEE MASTERCARD® CREDIT CARD DISCLOSURE
INTEREST RATES AND INTEREST CHARGES |
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Annual Percentage Rate (APR) for Purchases |
0.00% introductory APR for the first six billing cycles from the date of account opening. After that, your APR will be 11.25% – 17.90% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
APR for Balance Transfers |
11.25%
–
17.90%
based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
APR for Cash Advances |
16.25% –
17.90%,
based on your creditworthiness. This APR will vary with the market based on the Prime Rate. |
Penalty APR and When It Applies |
17.90%
This APR may be applied to your account if you:
How long will the Penalty APR apply? If your APRs are increased for either of these reasons, the Penalty APR will apply until you make six consecutive minimum payments beginning with the statement cycle immediately following the event that triggered the Penalty APR, provided you do not exceed your credit limit during that time period.
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Paying Interest | 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 and your previous balance is zero or a credit balance. We will begin charging interest on cash advances and convenience checks on the date they are posted to your account. |
Minimum Interest Charge | None |
For Credit Card Tips from the Consumer Financial Protection Bureau | To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore. |
FEES |
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Annual Fee | None |
Transaction Fees
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Penalty Fees
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