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Credit Card Terms & Conditions

Wescom Visa® Terms & Conditions

DETAILS OF RATE, FEE, AND OTHER COST INFORMATION

As required by law, rates, fees and other costs of this credit card offer are disclosed here. All account terms are governed by the Wescom Visa Agreement and Disclosure. Account and Agreement terms are not guaranteed for any period of time; all terms, including the APRs and fees, may change in accordance with the Agreement and applicable law. We may change them based on information in your credit report, market conditions, business strategies, or for any reason.

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

9.15% to 18.15%
(1) This is the Standard Variable Rate.
The APR you receive is based on your creditworthiness, and other factors if applicable. The APR will vary with the market based on the Prime Rate.*

APR for Balance Transfers and Cash Advances (2)

9.15% to 18.15%
(1) This is the Standard Variable Rate.
The APR will vary with the market based on the Prime Rate.*

Penalty APR and When it Applies

23.15% —This APR may vary with the market based on the Prime Rate. This is the Variable Default Rate.

This APR may be applied to your account if:

  1. Your Account becomes thirty (30) or more days past due two (2) or more times in a twelve (12) month period; OR
  2. Your Account becomes one (1) time sixty (60) days past due within a 12 month period.

Your payment is late when not received by 5:00 p.m. Pacific Time on the Payment Due Date.

The Variable Default Rate will apply to all new and outstanding balances.

How Long Will the Penalty APR Apply? If your APRs are increased for any of these reasons, 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 the entire balance by the due date each month. There is not a grace period to avoid paying interest on Cash Advances, Balance Transfers, or any cash transaction.

Minimum Finance Charge

None

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: http://consumerfinance.gov/learnmore/

Fees

Annual Fee

None

Transaction Fees

• Balance Transfers

2% of each transaction ($2 minimum; $50 maximum).

• Cash Advances

2% of each transaction ($2 minimum; $50 maximum).

• Foreign Transaction Fee

On purchases made outside the U.S., the fee is 1% of the U.S. dollar amount of each such transaction, whether originally made is U.S. dollars or converted from a foreign currency.

Penalty Fees

• Late Payment Fee

$15 if the minimum monthly payment is not received within 15 days of the payment due date.

• Over Credit Limit Fee

$10

• Returned-Payment Fee

$25

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

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

Effective Date: The information about the cost associated with this card is accurate as of June 2016 and subject to change after this date without notice.  To find out what may have changed, call 1-888-493-7266.

* Prime Rate: The variable APRs are based on the 3.50% Prime Rate Index as of December 17, 2015. The Monthly Periodic Rate and corresponding APR used in calculating the Monthly Periodic finance charge may increase or decrease during the term of this Agreement. Any such change will be based on an increase or decrease in the "Prime Rate" as published in The Wall Street Journal (herein "Index"). In the event that the Index ceases to be published, changes in your APR will be related to a comparable Index.

(1) Purchase, Balance Transfer, and Cash Advance APRs are based on the Prime Rate Index to which we add a margin based on your credit worthiness. The applicable margins are: 5.65% for Standard Variable APR for Purchases, Cash Advances and Balance Transfers, and 19.65% for Default Variable APR. The maximum APR is 23.15%.
(2) Balance Transfers and Cash Advances: means Direct Deposits, Check Cash Advances, ATM Cash Advances, Bank Cash Advances, Balance Transfers, and Cash Equivalent transactions. Cash Equivalent transactions are defined as money orders, foreign currency and traveler's checks from a non-financial institution, person-to-person money transfers, casino gaming chips, and bail bonds.