Saint Michaels Federal Credit Union

Credit Card Disclosures


Interest Rates and Interest Charges
Annual Percentage Rate
(APR) for Purchases
10.75% when you open your account, based on your
APR For Balance Transfers10.75%
APR for Cash Advances10.75%
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
For Credit Card Tips from
the Consumer Financial
Protection Bureau
Visit Consumer Financial Protection Bureau’s website.
Annual Fee$15.00, waived first year
Penalty FeesLate Payment:None
Over the Limit: None
Returned Payment: $25.00
Other FeesCard Replacement:$10.00

The finance charge is calculated by multiplying the average daily balances by a monthly periodic rate of 0.8858% which is an ANNUAL PERCENTAGE RATE of 10.75%. To get each average daily balance the daily balances for purchases and cash advances for the billing cycle are accrued and the totals are divided by the number of days in the cycle.

*Alimony, child support, or separate maintenance income need not be revealed if you don’t wish to have it considered for repaying this obligation
*Terms accurate as of 11/3/14
*All rates are subject to change without notice. Please contact a member service representative at (508) 674-3861