Credit Card Disclosures

GULF COAST EDUCATORS VISA CREDIT CARD APPLICATION AND SOLICITATION DISCLOSURE

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases:
VISA Classic: 8.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

VISA Rewards: 9.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Texas Educator Rewards: 6.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Annual Percentage Rate (APR) for Balance Transfers:
VISA Classic: 8.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

VISA Rewards: 9.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Texas Educator Rewards: 6.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Annual Percentage Rate (APR) for Cash Advances:
VISA Classic: 8.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

VISA Rewards: 9.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Texas Educator Rewards: 6.99% – 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Penalty APR and When it Applies:
VISA Classic: None
VISA Rewards: None
Texas Educator Rewards: None

Credit Card Fees

Annual Fee – None
Account Set-Up Fee – None
Program Fee – None
Participation Fee – None
Additional Card Fee – None
Application Fee – None
Balance Transfer – Free
Cash Advance – $5.00 or 1.00% of the amount of each cash advance, whichever is greater. No fee if done in GCEFCU branch.
Foreign Transaction – 1.00% of each transaction in U.S. dollars.
Transaction Fee for Purchases – None
Late Payment – Up to $25
Over-the-Credit-Limit – None
Returned Payment Fee – Up to $25
 

Credit Card Details

How to Avoid Paying Interest on Purchases
Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.

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 by clicking here.

How We Will Calculate Your Balance
We use a method called “average daily balance (including new purchases).”

Effective Date: The information about the costs of the card described in this disclosure is accurate as of May 1, 2023.  This information may have changed after that date. To find out what may have changed, contact Gulf Coast Educators Federal Credit Union.

To see full credit card disclosures, click here.