Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases TowpathCU Credit Mastercard
11.49% to 25.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

TowpathCU Rewards Mastercard
16.49% to 25.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
APR for Balance Transfers TowpathCU Credit Mastercard
0.00% Introductory APR for a period of 12 billing cycles.

After that, your APR will be 11.49% to 25.00%, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

TowpathCU Rewards Mastercard
16.49% to 25.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
APR for Cash Advances TowpathCU Credit Mastercard
11.49% to 25.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

TowpathCU Rewards Mastercard
16.49% to 25.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
Penalty APR and When it Applies TowpathCU Credit Mastercard
25.00%

TowpathCU Rewards Mastercard
25.00%

This APR may be applied to your account if you:
- Make a late payment.

How Long Will the Penalty APR Apply? If your APRs are increased for this reason, the Penalty APR will apply until you make six consecutive minimum payments when due.
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.
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 credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.

Fees

Set-up and Maintenance Fees
- Annual Fee
- Account Set-up Fee
- Program Fee
- Participation Fee
- Additional Card Fee
- Application Fee
None
None
None
None
None
None
Transaction Fees
- Balance Transfer Fee
- Cash Advance Fee
- Foreign Transaction Fee
- Transaction Fee for Purchases
$10.00 or 3.00% of the amount of each balance transfer, whichever is greater
$10.00 or 5.00% of the amount of each cash advance, whichever is greater
1.00% of each transaction in U.S. dollars
None
Penalty Fees
- Late Payment Fees
- Returned Payment Fee
Up to $25.00
Up to $25.00

How We Will Calculate Your Balance:
We use a method called "average daily balance (including new purchases)."

Promotional Period for Introductory APR - TowpathCU Credit Mastercard:
The Introductory APR for balance transfers will apply to transactions posted to your account during the first 90 days following the opening of your account. Any existing balances on Towpath Credit Union Inc loan or credit card accounts are not eligible for the Introductory APR for balance transfers.

Loss of Introductory APR:
We may end your Introductory APR for balance transfers and apply the Penalty APR if you are 60 days late in making a payment.

Application of Penalty APR:
Your APR may be increased to the disclosed Penalty APR if you are 60 days late in making a payment.

Effective Date:
The information about the costs of the card described in this application is accurate as of: October 07, 2024
This information may have changed after that date. To find out what may have changed, contact the Credit Union.

For California Borrowers, the TowpathCU Credit Mastercard and TowpathCU Rewards Mastercard are secured credit cards. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings.

Notice to New York Residents:
New York residents may contact the New York State Department of Financial Services to obtain a comparative listing of credit card rates, fees, and grace periods. The New York State Department of Financial Services may be contacted at 1-800-342-3736 or www.dfs.ny.gov.

Other Fees & Disclosures:

Late Payment Fee:
$25.00 or the amount of the required minimum payment, whichever is less, if you are six or more days late in making a payment.

Balance Transfer Fee (Finance Charge):
$10.00 or 3.00% of the amount of each balance transfer, whichever is greater.

Cash Advance Fee (Finance Charge):
$10.00 or 5.00% of the amount of each cash advance, whichever is greater.

Returned Payment Fee:
$25.00 or the amount of the required minimum payment, whichever is less.

Card Replacement Fee:
$10.00.

Document Copy Fee:
None.

Emergency Card Replacement Fee:
$100.00.

PIN Replacement Fee:
None.

Rush Fee:
$10.00 second day.

Statement Copy Fee:
None.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.