Loans & Credit

Credit Card Disclosures

Married persons may apply for credit as individuals. If this is an application for an individual account and you are relying on your own income or assets (in community property states, separate income or assets) and not the income or assets of another person (or community property) for repayment of the credit requested, questions relative to marital status and to income resources and assets of the spouse need not be answered. Only the applicant's resources will be evaluated in determining credit worthiness.

  CEFCU Rewards MasterCard® and
CEFCU World MasterCard
CEFCU MasterCard
(non-rewards)
Interest Rate and Interest Changes
Annual Percentage Rate (APR) for Purchases 9.50% to 19.00%
when you open your account, based on your creditworthiness.1 After that, your APR will vary with the market based on the Prime Rate.2
8.50% to 18.00%
when you open your account, based on your creditworthiness.1 After that, your APR will vary with the market based on the Prime Rate.2
APR for Balance Transfers 9.50% to 19.00%
when you open your account, based on your creditworthiness.1 After that, your APR will vary with the market based on the Prime Rate.2
8.50% to 18.00%
when you open your account, based on your creditworthiness.1 After that, your APR will vary with the market based on the Prime Rate.2
APR for Cash Advances 12.50% to 22.00%
when you open your account, based on your creditworthiness.1 After that, your APR will vary with the market based on the Prime Rate.2
11.50% to 21.00%
when you open your account, based on your creditworthiness.1 After that, your APR will vary with the market based on the Prime Rate.2
Penalty APR and When it Applies

22.00% for Purchases3
25.00% for Cash Advances3
These APRs will vary with the market based on the Prime Rate.2
These APRs may be applied to your account if you make a late payment.

How Long Will the Penalty APR Apply?
If your APRs are increased for this reason, the Penalty APRs will apply until you make six consecutive minimum payments when due.

21.00% for Purchases3
24.00% for Cash Advances3
These APRs will vary with the market based on the Prime Rate.2
These APRs may be applied to your account if you make a late payment.

How Long Will the Penalty APR Apply?
If your APRs are increased for this reason, the Penalty APRs will apply until you make six consecutive minimum payments when due.
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.
Minimum Interest Charge If you are charged interest, the charge will be no less than $.50.
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 Financial Protection Bureau website.
Fees
Annual Fee None

Transaction Fees

Cash Advance

Foreign Transactions

 

$1 for each Cash Advance obtained at a non-Money Center 24® ATM.
$8 for each overdraft transfer to your CEFCU Checking account.

1% of each Purchase in U.S. Dollars if made with a CEFCU MasterCard or Rewards MasterCard.
1% of each Cash Advance in U.S. Dollars if obtained with a CEFCU MasterCard or Rewards MasterCard. (This fee is in addition to other applicable fees such as Cash Advance fees.)

Penalty Fees

Late Payment
Returned Payment


Up to $25
Up to $25

How We Will Calculate Your Balance: We use a method called "average daily balance (including current transactions)." This balance is figured for Purchases, for Balance Transfers, and for Cash Advances, separately, by adding the outstanding balance (including current transactions and deducting payments, credits, unpaid interest charges, and unpaid fees) for each day in the billing cycle, and then dividing by the number of days in the billing cycle.

1The APR is determined by adding the "Margin" to the "Prime Rate." The "Margin" differs for Purchases and Cash Advances as follows:

CEFCU World and Rewards
MasterCard
CEFCU MasterCard
(non-rewards)
Purchases and Balance Transfers 6.25% to 15.75% when you open your account,
based on your creditworthiness
5.25% to 14.75% when you open your account, based on your creditworthiness
Cash Advances 9.25% to 18.75% when you open your account, based on your creditworthiness 8.25% to 17.75% when you open your account, based on your creditworthiness

2The "Prime Rate" is the prime rate published in the "Money Rates" column of The Wall Street Journal on the computation dates. The computation dates will be December 1, March 1, June 1, and September 1 (or if such dates do not fall upon a business day, the first publication day thereafter). The APRs are based on the 3.25% Prime Rate on 3/2/2015. The maximum APR and penalty APR for Purchases and Cash Advances is the greater of 29.99% or the maximum rate permitted by law.

3The penalty APR is determined by adding the "Margin" to the "Prime Rate." The "Margin" differs for Purchases and Cash Advances as follows:

CEFCU World and Rewards
MasterCard
CEFCU MasterCard
(non-rewards)
Purchases 18.75% 17.75%
Cash Advances 21.75% 20.75%

The information about the costs of the card described in this Application was posted on and is accurate as of 03/2015. This information may have changed after that date. To find out what may have changed, call us at 309.633.7000 or 1.800.633.7077 or write to us at CEFCU, P.O. Box 1715, Peoria, IL 61656-1715.

Important Information — Please Read

A) No applicant may be denied a credit card on account of race, color, religion, national origin, ancestry, age (between 40 and 70), sex, marital status, physical or mental handicap unrelated to the ability to pay or unfavorable discharge from military service. B) The applicant may request the reason for rejection of his or her application for a credit card. C) No person need reapply for a credit card solely because of a change in marital status unless the change in marital status has caused deterioration in the person’s financial position. D) A person may hold a credit card in any name permitted by law that he or she regularly uses and is generally known by, so long as no fraud is intended thereby. FOR ALL APPLICANTS: You must be at least 18 years old to qualify. If approved, you will receive a Cardholder Agreement with your card(s). By using the account or any credit card, or by authorizing their use, you agree to be bound by the terms of the Cardholder Agreement. "You" and "your" mean the primary cardholder, any other cardholder(s), and any person who has been authorized by you to receive and use the card.