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Annual Percentage Rate (APRs) for purchases |
Non-Variable Rate Program |
8.99% to 9.99% when you open your account based on your credit worthiness. |
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Variable Rate Program |
9.49% to 17.99% when you open your account based on your credit worthiness. After that, your APR will vary with the market based on the Prime Rate. |
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APR for Balance Transfers |
Non-Variable Rate Program |
8.99% to 9.99% when you open your account based on your credit worthiness. |
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Variable Rate Program |
9.49% to 17.99% when you open your account based on your credit worthiness. After that, your APR will vary with the market based on the Prime Rate. |
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APR for Cash Advances |
Non-Variable Rate Program |
11.99% to 12.99% when you open your account based on your credit worthiness. |
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Variable Rate Program |
12.49% to 20.99% when you open your account based on your credit worthiness. After that, your APR will vary with the market based on the Prime Rate. |
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Penalty APR and when it applies |
No penalty rate will be applied. |
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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 interest on purchases if you pay your entire balance by the due date each month. |
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Minimum Interest Charges |
$0 |
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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. |
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Annual Fee |
Non-Variable Rate Program |
$ 0 |
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Transaction Fees |
Balance Transfer Fee |
$ 0 |
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Transaction Fees |
Cash Advance Fee |
$0 if cash advance performed at RCU location. 2% of the advance amount or $20, whichever is greater, if cash advance performed at a non-RCU location. |
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Transaction Fees |
Foreign Transaction Fee |
$0 |
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Penalty Fees |
Late Payment |
Up to $15 |
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Penalty Fees |
Over-the-Credit Limit |
$0 |
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Penalty Fees |
Returned Payment |
Up to $22 |
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Other Fees |
$0 |
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases).”
The information about the costs of the card described in this application is accurate as of the date below. This information may have changed after that date. To find out what may have changed call us at 1 (800) 479-7928.
Rates are effective as of 8/14/2021 and subject to change without notice.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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