| Any time, any reason; universal default |
Default rate after missing two months of minimum due payments. |
Default rate after missing two months of minimum due payments. |
| Average daily balance or two-cycle? |
Average daily balance (including new purchases). |
Average daily balance (including new purchases). |
| Late fee range |
$35. |
$35. |
| Overlimit fee |
$0. |
$0. |
| Balance transfer fees: % of amount; minimum and maximum |
3% of each balance transfer; $75 maximum. |
3% of each balance transfer; $75 maximum. |
| Cash advance fees: % of advance; minimum and maximum |
3% of each advance; $75 maximum for convenience checks. Fee is waived when transferring funds electronically to a USAA deposit account. |
3% of each advance; $75 maximum for convenience checks. Fee is waived when transferring funds electronically to a USAA deposit account. |
| Payment related fees: phone, express |
Phone: No fee. |
Phone: No fee. |
| Other fees (annual, returned check, etc.) |
Annual: $0
Returned check: $27
Copy: $10
Wire: no charge in or out |
Annual: $0
Returned check: $27
Copy: $10
Wire: no charge in or out |
| Grace period |
25 days . |
25 days . |
| Introductory rate for purchases and balance transfers |
N/A. |
N/A. |
| Default APR range |
Variable 11.0% to 22.15% APR. |
Variable 11.0% to 22.15% APR. |
| How payments applied to balance? |
Payments will be applied to balances with lower APRs before balances with higher APRs. |
Payments will be applied to balances with lower APRs before balances with higher APRs. |
| How is interest rate set? |
Prime rate published in the consumer rates table of The Wall Street Journal on the 15th of each month (or the next business day if not published on the 15th). |
Prime rate published in the consumer rates table of The Wall Street Journal on the 15th of each month (or the next business day if not published on the 15th). |
| Minimum payment charge |
1% of new balance due plus finance charges plus fees. If there is a past due amount (i.e., limit on card is $2,000 and the over-the-limit amount is $500), then the over-the-limit amount becomes the minimum due. |
1% of new balance due plus finance charges plus fees. If there is a past due amount (i.e., limit on card is $2,000 and the over-the-limit amount is $500), then the over-the-limit amount becomes the minimum due. |
2009 Credit Card Study
