Updated – Jan 1, 2024
Issued by Coastal Community Bank, Member FDIC
Interest Rates and Interest Charges |
|
| Annual Percentage Rate (APR) for Purchases |
19.99% – 29.99%This APR will vary with the market based on the Prime Rate.* |
| APR for Balance Transfers |
19.99% – 29.99%This APR will vary with the market based on the Prime Rate.* |
| APR for Cash Advances |
29.99%This APR will vary with the market based on the Prime Rate.* |
| Penalty APR and When It Applies | None. |
| Paying Interest |
Your due date is at least 21 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. We will begin charging interest on cash advances and balance transfers on the transaction date or the first day of the billing cycle in which the transaction is posted, whichever is later. |
| Minimum Interest Charge | None. |
| 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 www.consumerfinance.gov/learnmore. |
Fees |
|
| Annual Fee | None. |
| Transaction Fees | |
| Balance Transfers | None. |
| Cash Advance | Either $10 or 5% of the amount of each transaction, whichever is greater. |
| Foreign Transactions | None. |
| Penalty Fees | |
| Overlimit | None. |
| Late Payment | $29 for the first instance and $40 for the second instance in subsequent 6 months. |
| Returned Payment | Up to $40. |
| Replacement Card Fee | $40 |
We use a method called “Average Daily Balance (including new transactions).” See your Cardholder Agreement for more details.
Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardholder Agreement
We calculate variable APRs by adding a margin of 19.99% – 29.99% for Purchases and Balance Transfers and 29.99% for Cash Advances to the Prime Rate. The “Prime Rate” is the highest U.S. Prime Rate published in the Money Rates section of The Wall Street Journal two business days (not weekends or federal holidays) before the first day of your billing cycle. The APR may increase or decrease each month if the Prime Rate changes. Any new rate will be applied as the first day of your next billing cycle after the Prime Rate has changed. If the APR increases, you will pay a higher interest charge and may pay a higher minimum payment. The Prime Rate is simply a reference index and is not the lowest interest rate available. If The Wall Street Journal stops publishing the Prime Rate, we will select a similar reference rate.