12 LEARN ABOUT CREDIT CARDS AND APR You’ve seen it on your credit card statement, heard it disclosed in advertising and likely noticed it trailing after numbers on posters. It’s APR (Annual Percentage Rate) and here’s the scoop: What Does APR Mean? APR is the annual percentage rate of interest a credit card holder will be charged on all or a portion of the balance, if the full amount isn’t paid by the due date. And remember, APR is interest, not fees. Why Might I See Multiple APRs? A single credit card may have several APRs based on specific promotions, different types of transactions or the terms of your account. For example: • Purchase APR: Applied to the remaining balance from credit card purchases • Cash Advance APR: Cost of withdrawing cash • Penalty APR: Applied if you violate terms (e.g., late payments) • Introductory APR: Often promotional, this lower rate applies for a limited time Maximize Your Purchase Power with a Low APR! The TruWest Visa® credit card is a powerful way to pay. Whether you’re looking for a competitive interest rate, rewards, cash back or all of the above - you’ll reap the benefits with our Visa credit card! Features • 0% intro APR for 18 months¹, then enjoy the industry’s lowest rate of 5.95% to 19.95% APR thereafter • $100 statement credit when you spend $100 in the first 90 days² • Up to 1.5% cash back • Exclusive perks and services for Visa Signature cardholders Plus, with no annual fee and fraud protection via chip card technology, TruWest Visa is clearly the best way to empower your wallet! ¹On approved credit. Must be or become a TruWest member to qualify with a minimum deposit of $5. APR is Annual Percentage Rate. Offer good for 18 billing cycles from the date of account opening on purchases and balance transfers. After the introductory period ends, the standard purchase APR will be applied to any unpaid promotional balances. TruWest Credit Union reserves the right to refuse any balance transfer request(s). The minimum individual transfer request is $100. A 3% balance transfer fee applies for the amount of each transfer. If you submit concurrent balance transfer requests that exceed your available credit line, TruWest Credit Union will process your requests from highest to lowest dollar amount and may decline to process one or more requests. Offer effective as of 6/1/14 and subject to change. Lowest rate not available with reward-earning card. ²Receive $100 in the form of a statement credit after $100 in purchases have been made on the card within 90 days of account opening. Must qualify for Visa Platinum Points or Visa Signature card to receive this offer. Must not have had a TruWest Visa credit card in the last 12 months.
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