Foreign Transaction | 1% of each transaction in US dollars
Return Check | $10
0.00% Intro rate for the first 6 monthly billing statements; then, 7.99% (The Wall Street Journal Prime Rate +1.74%)*
PURCHASES + CASH ADVANCES
11.99%, 14.99%, or 16.99%
based on your creditworthiness**
* | Annual Percentage Rate (APR) of 0.00% is for balance transfers for the first 6 monthly billing statements, then the APR will be a low variable rate of Prime Rate plus 1.74%, currently 7.99%. The 7.99% APR is variable and is equal to The Wall Street Journal Prime Rate + 1.74%. The APR will be adjusted on the first day of each billing month by adding 1.74% (the “margin”) to The Wall Street Journal Prime Rate as published on the last business day of the preceding calendar month (the "index"). This rate is available for balance transfers only. Balance transfers can not be used to pay down an existing Direct Federal loan balance.
** | APR of 11.99%, 14.99%, or 16.99% based on your creditworthiness for purchases and cash advances. The APR is variable and will be adjusted on the first day of each billing cycle by adding 5.74%, 8.74% or 10.74% (the “margin”) to The Wall Street Journal Prime Rate as published on the last business day of the preceding calendar month (the "index").
*** | Cash Back applies to purchases posted on your account less credits for returned merchandise. Point cash value of $.01 will be earned for every qualifying dollar. Minimum of 5,000 points required for redemption. Rewards will be redeemed every November.
WHAT IS THE CREDIT LIMIT ON A DIRECT FEDERAL VISA®?
You can apply for a credit limit of up to $25,000.
HOW CAN I INCREASE MY CREDIT LIMIT?
To increase your existing credit limit, either complete our secure online application or give us a call at 781.455.6500.
HOW LONG WILL IT TAKE TO RECEIVE MY DIRECT FEDERAL VISA® CARD?
Your Visa credit card is mailed on the third business day after your account is set up.
WHAT IS THE "NORMAL" INTEREST RATE ON A DIRECT FEDERAL VISA®?
The rate for Purchases and Cash Advances are currently 11.24%, 14.24%, or 16.24% based on your creditworthiness. The rate can vary monthly and is based on the Prime rate published in The Wall Street Journal.
CAN I PAY MY DIRECT FEDERAL VISA® BILL ONLINE?
Yes. You may pay your Direct Federal Visa bill online using any checking account.
HOW WILL WE CALCULATE YOUR BALANCE
We use a method called “average daily balance.” Refer to the section “Finance Charges” within the Agreement for more information on how your balance is calculated.
Information on your rights to dispute transactions and how to exercise those rights is provided in the Agreement.
Equal Opportunity Lender. Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.