Credit Card Disclosures

Following are Lake Trust rates and fees and are subject to change.


Annual Percentage Rate (APR) for Purchases

Platinum Elite Visa

9.15%, 10.15%, 12.15%, 14.15%, or 16.15%; based on your creditworthiness. 
This APR will vary with the market based on the Prime Rate.

Platinum Elite Rewards Visa

11.15%, 12.15%, 14.15%, 16.15%, or 18.15%; based on your creditworthiness. 
This APR will vary with the market based on the Prime Rate.

Platinum Elite Cash Back Visa

11.15%, 12.15%, 14.15%, 16.15%, or 18.15%; based on your creditworthiness. 
This APR will vary with the market based on the Prime Rate.

Secured Classic Visa

10.75%; 
This APR will vary with the market based on the Prime Rate.



APR for Cash Advances and Balance Transfers

Platinum Elite Visa

12.15%, 13.15%, 15.15%, 17.15%, or 19.15%; based on your creditworthiness. 
This APR will vary with the market based on the Prime Rate.

Platinum Elite Rewards Visa

14.15%, 15.15%, 17.15%, 19.15%, or 21.15%; based on your creditworthiness. 
This APR will vary with the market based on the Prime Rate.

Platinum Elite Cash Back Visa

14.15%, 15.15%, 17.15%, 19.15%, or 21.15%; based on your creditworthiness. 
This APR will vary with the market based on the Prime Rate.

Secured Classic Visa

13.75%; 
This APR will vary with the market based on the Prime Rate.



How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle. We do not charge you interest on purchases if you pay your entire balance by the due date each month.

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 http://www.consumerfinance.gov/learnmore.


Transaction Fees

Foreign Transaction Fee: 1.00% of each transaction in U.S. dollars.

Penalty Fees

Late Payment Fee: Up to $35.00
Returned Payment Fee:
 Up to $25.00

Other Disclosures

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

Effective Date. The information about the costs of the card described in this application is accurate as of August 1st, 2017. This information may have changed after that date. To find out what may have changed, contact the Credit Union.

Late Payment Fee: $25.00 or the amount of the required minimum payment, whichever is less, if your payment is not received by the next statement closing day. The next statement closing day varies by month from 2-6 days after your payment due date. In the event you fail to make a payment on time in any of the six (6) billing cycles following the initial violation, you will be charged $35.00 or the amount of the required minimum payment, whichever is less.

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

Statement Copy Fee: $2.00 per statement.

Rush Fee: $20.00 per card.

Card Replacement Fee: $25.00 per card.

Research Fee: $20.00 per hour, minimum of one (1) hour.

Stop Payment Fee: $28.00 per request.

Sales Draft Copy Fee: $5.00 per sales draft.


Are you ready for your card?

If you have any questions about our credit card disclosures, just contact us.
Or download Lake Trust's Privacy Policy.

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