RCU Business Visa® Platinum Rates
Business Visa |
|
---|---|
Loan Product | Business Visa® Platinum |
Credit Limit | $5,000 to $50,000 |
Interest Rate | Prime* Rate + 1% to Prime Rate + 5% (Variable Rate) |
Grace period for repayment of balances for purchases | 25 Days |
Method for computing the balance for purchases | Average Cash Advance and Balance Transfer APR 14.9%. Delinquent rate after two billing cycles = 18.0% |
Other APRs | Average Cash Advance and Balance Transfer APR 14.9%. Delinquent rate after two billing cycles = 18.0% |
Transaction Fee for Purchases | None |
Transaction Fee for Cash Advances | 3% of advance amount or $5.00, whichever is greater. |
Late Payment Fee | $25.00; Late fee is assessed when payment is 15 or more days past due. |
Over Limit Fee | $20 per occurrence per statement cycle. |
Program Fee | $0.00 Including Redwood Rewards Program |
*Prime Lending Rate is as of as published in the Wall Street Journal.