Loans & Credit Cards

Credit Card Rates and Disclosure

 
  APR for Purchases, Cash Advances, and Balance Transfers APR Variable Rate Information Grace Period for Purchases Balance Calculation Method for Purchases Annual Fee and Minimum Finance Charge Transaction Fee for Purchases, Cash Advances, and Balance Transfers
Initial Fixed Rate Penalty Rate**
Mastercard Gold 9.50% 3.99% 17.99% You have a 25-day grace period to pay balance before a Finance Charge will be imposed. Average Daily Balance(including new purchases). N/A N/A
Mastercard Platinum 9.50% 3.99% 17.99% You have a 25-day grace period to pay balance before a Finance Charge will be imposed. Average Daily Balance(including new purchases). N/A

N/A
 Business VISA Gold   11.9%           
Variable Rate Information.
 
**Penalty Rate
Any account that becomes two (2) or more cycles delinquent more than one time in any given six (6) month period will be assessed a finance charge of 17.99% APR. If the account remains current for six (6) consecutive months with no delinquencies, the APR will revert back to the standard rate or the incentive rate if it qualifies.
APR
Annual Percentage Rate.
Late Payment Fee
If a payment is 15 or more days late, a late charge of 5% of balance not to exceed $25 will be added to your account.
Over-The-Credit Limit Fee
You may be charged a fee of $15 on a statement date if your new balance on that date, less any fees imposed during the cycle, is more than the credit line or 2.5% over your credit limit.
Dishonored Payments
A fee of $20 will be charged for each dishonored credit card payment made by check or account debit.

Your exact rate depends on your credit standing. Ask a member service representative about the rate you qualify for. If, upon evaluation of your completed application and information provided to us by others, we find that you do not meet the criteria, you may receive a different product or credit may not be extended.

The information about the cost of the cards described in this application is accurate as of February, 2008. This information may have changed after that date. To find out what may have changed, call 1-409-727-1446 or write to MCT Credit Union at P.O. Box 279, Port Neches, TX 77651.

Call To Report Lost or Stolen - MasterCard, Town North Bank Security at 1-800-442-4757, available 24 hours a day, 7 days a week.

Call To Report Transaction Dispute - MasterCard, Town North Bank at 1-800-442-4757, available 24 hours a day, 7 days a week.

To Protect Your Billing Rights: Disputes need to be reported in writing detailing all pertinent information within 60 days from the receipt of the first statement when the error was discovered.