Greylock Federal - VISA Disclosure

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VISAŽ Disclosures

Credit Disclosures - VISAŽ Gold, Preferred and Classic

	Annual Percentage Rate for Purchases	Annual Membership Fee	Grace Period For Purchases	Method Of Computing The Balance For Purchases
VISAŽ Gold	13.48%	$15.00	25 Days	Average Daily Balance Including New Purchases
VISAŽ Preferred	13.48%	$7.00	25 Days	Average Daily Balance Including New Purchases
VISAŽ Classic	13.48%	NONE	25 Days	Average Daily Balance Including New Purchases

	Late Payment Fee	Over The Limit Fee	Cash Advance Fee
VISAŽ Gold	$20.00	$20.00	2% ($5 minimum / $50 maximum)
VISAŽ Preferred	$20.00	$20.00	2% ($5 minimum / $50 maximum)
VISAŽ Classic	$20.00	$20.00	2% ($5 minimum / $50 maximum)

A Finance Charge will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement. If you elect not to pay the entire New Balance shown on your previous monthly statement within that 25-day period, a Finance Charge will be imposed on the unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the billing cycle preceding the date on which the entire New Balance is paid in full or until the date of payment if more than 25 days from the closing date.

The Finance Charge for a billing cycle is computed by applying the monthly Periodic Rate to the average daily balance of Credit Purchases, which is determined by dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Each daily balance of Credit Purchases is determined by adding to the outstanding unpaid balance of Credit Purchases at the beginning of the billing cycle any new Credit Purchases posted to your account, and subtracting any payments as received and credits as posted to your account, but excluding any unpaid Finance Charges.

A finance charge will be assessed on cash advances from the date of the cash advance, or the first day of the billing cycle in which the cash advance is posted, whichever is later, and will continue to accrue until payment in full is made. Cash Advances will be calculated in the same manner as explained for Credit Purchases.

MINIMUM MONTHLY PAYMENT - 2% or $15.00 (whichever is greater) rounded up to the nearest dollar.

Security Interest Agreement - By signing the application, I understand that a Security Interest is a condition for this Credit Card Account and I give you a Security Interest in all funds now or hereafter in all Deposit Accounts (Except IRA) I have with you as part of my member or Master Account #__________________(applicant), #_______________________(co-applicant) and if I default under terms of this Agreement I authorize you to apply such funds to the payment of my credit card indebtedness.

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Š Greylock Federal Credit Union 150 West Street Pittsfield, MA 01201