Notice Code: Offer Expires on:
  Credit Limit: $

I/We hereby apply for the MSU Federal Credit Union VISA credit card line-of-credit for provident and productive purposes. In the event that the credit card is issued, I/we agree to read and comply with the terms of the Agreement and Truth in Lending Disclosure Statement that will be furnished with the card. I/We agree to retain such information for our records. Please issue a separate VISA card embossed with each name printed below. I/We hereby give authorization to my/our employer(s) to release any employment verification to the Credit Union. I/We hereby authorize the credit union to check my/our credit and employment history and to answer any questions about the Credit Union's credit experience with me/us.
I/We hereby grant the credit union a security interest in the credit union account listed above, and in any other accounts at the credit union which I/we own, except for Individual Retirement Accounts. I/We acknowledge that granting this security interest is a condition for the credit card account.
By affixing my signature to the application I present this information truly and correctly stated to the best of my knowledge and for purposes of obtaining credit from the credit union.

Signed: Date: Annual Income:
               Applicant Member
Signed: Date: Annual Income:
               Co-Applicant  
Initial: ________________    By initialing here, I hereby acknowledge that I am applying for joint credit.
               Co-Applicant
IN ADDITION TO THE APPLICANT AND CO-APPLICANT, ISSUE CARDS TO THE FOLLOWER AUTHORIZED USERS*: Please Print
1.  2. 
 
*An authorized user is an individual granted authority to use the credit card account of the above applicant. The authorized user is not joint on the loan and is not responsible for paying back the loan.
 

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

0%

APRs for Balance Transfers

0%

APRs for Cash Advances

0%

Penalty APR and When It Applies

17.9%
The Penalty APR is applied if your account becomes delinquent 60 days. How Long Will the Penalty APR Apply? The penalty Annual Percentage Rate will apply until you make six consecutive minimum payments when due.

Paying Interest

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. We will begin charging interest on cash advances and balance transfers on the transaction date.

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

Transaction Fees
*
 International transaction and cash advance fees

1% for ATM transactions
3% for all other transactions calculated after the transaction has been converted to U.S. dollars.

Penalty Fees
*
 Late Payment

$25 if the minimum payment due is $25 or more;
$15 if the minimum payment is $15 to $24.99; or
$ 0 if the minimum payment due is less than $15.

Other Fees
*
 Returned Convenience Check

$25

How We Calculate Your Balance: We use a method called "average daily balance (including new purchases)."

 

Request for Group Credit Life and Disability Insurance

I/We are applying for the credit insurance coverage(s) selected below and agree to pay the required premium. I/We understand that fees may be paid by the insurer in connection with this coverage to the sponsor of this plan and/or its affiliates or designates. I/We understand that the loan must be repayable within the maximum loan repayment period shown on the certificate. I/We understand that the purchase of this insurance is voluntary and not required in order to obtain credit, and that I/we may terminate it at any time. I/We also agree that:

1. I am eligible for life insurance if I am presently under age 71.
2. If joint life insurance is selected, we are eligible if older applicant is presently under age 71. We must be jointly and individually liable under the loan. Co-    signers or guarantors are not eligible for insurance.
3. I am eligible for disability insurance if I am presently under age 66 and, if applicable, my loan is repayable within the maximum loan repayment period shown     on the certificate. I also must be working for wages or profit for 20 hours or more per week on the effective date.
4. A person signing this application as co-applicant is not eligible for disability insurance.


DEATH OR TOTAL DISABILITY CAUSED BY PRE-EXISTING CONDITIONS MAY NOT BE COVERED DURING THE FIRST 6 MONTHS.


The following questions must be answered to determine my eligibility for disability insurance:

1.Are you presently working for wages or profit for 20 hours or more per week?   Yes   No

My answer to the above question is true to the best of my knowledge and belief. The effective date of my/our insurance will be the date the eligible loan is disbursed or, for an open-end loan account, the date the account is established and I/we agree to pay the required insurance charge.

COVERAGE REQUESTED (*MONTHLY PREMIUM PER $1,000.00 OF OUTSTANDING LOAN BALANCE.)

Single Life: 73 *  Yes   No

Joint Life: $1.15 *  Yes   No

 Credit Disability: $1.29 *  Yes   No



Signed: Date:  
 
               Applicant Member  
Signed: Date:  
               Co-Applicant  


Emp ID:    App ID: