Variable Rate Information: Your APR may increase or decrease. Rates are determined and adjusted monthly on the day following your statement closing date by adding a Margin to the highest U.S. Prime Rate as of the 15th of the previous month. The Margin is determined based on an evaluation of each Member's credit history. The margin will range from 3.74% to 18.00% based on product type. Your maximum APR will not exceed 18.00%.
The maximum annual finance charge applied to your balance (inclusive of application APR and applicable fees) shall not exceed 18.00% or the maximum rate allowed by law.
How We Calculate Your Minimum Payment: Your minimum payment will be 2% of your balance or $25.00 whichever is greater, if your balance is less than $25.00 your minimum payment will be equal to your balance.
Balance Transfers: You may request a Balance Transfer at anytime. Balance Transfers between First Technology Federal Credit Union credit card accounts are not permitted. That means balances cannot be transferred to this account from any other credit card issued by First Technology Federal Credit Union. Interest will start to accrue on the day the Balance Transfer posts to your account. Balance Transfers will receive the Purchase APR and post to the Purchase balance of your account unless the transfer is made in connection with a Promotional or Introductory offer from us.
Change in Terms: We can change, revise, supplement, reduce, replace or otherwise modify the terms of your account as permitted by law. When required, we will send you notice before doing so.
For additional account fees please find our Fee Schedule/Sheet at firsttechfed.com.