Personal Credit Cards & Loans Rates
Credit Cards & Personal Loans
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Charges & Fees |
Terms |
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¹Variable Rate Information: APR=Annual Percentage Rate. Your APR may vary. Your rate is determined by adding a Margin (initially determined based on an evaluation of each member’s credit score, economic conditions and other risk factors) to the highest Prime Rate published in the Wall Street Journal on the first business day of the current month, and the rate will then adjust monthly (on the first day of your billing cycle), according to monthly increases or decreases in the Wall Street Journal Prime Rate. The APR will not be more than 18.00%, regardless of the Wall Street Journal Prime Rate. The margin applicable to your account is subject to review every 6 months. After a period of 12 months from card issuance, we may increase or decrease the margin applicable to your account based upon changes in your credit history. We will notify you in accordance with applicable law before we apply any margin increase to your account. The margins will range from 4.90%-13.90% as described in paragraph 5 of your Lafayette Credit Union Platinum Mastercard Credit Card Terms and Conditions. The rates and terms shown are effective as of April 1, 2024. |
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Charges & Fees Purchase, Balance Transfer and Cash Advance APR1 |
Terms 13.40%-18.00% When you open your account, determined by your credit worthiness.1After that, APR will vary with the market based on the Prime Rate and a margin determined by credit history. |
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Charges & Fees How to Avoid Paying Interest on Purchases |
Terms LFCU allows you 25 days to make a payment for charges of merchandise and/or services. When the billing cycle beginning balance is $0.00 you avoid paying interest. |
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Charges & Fees Minimum Finance Charge |
Terms There will be up to a $1.00 minimum finance charge assessed. |
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Charges & Fees For Credit Card Tips from the Consumer Financial Protection Bureau |
Terms 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 |
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Charges & Fees Annual Fee |
Terms None |
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Charges & Fees Balance Transfer Fee |
Terms 3% of each balance transferred, or $30.00, whichever is greater. |
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Charges & Fees Cash Advance Fee |
Terms Either $2.00 or 2% of the amount of each cash advance, whichever is greater. |
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Charges & Fees Foreign Transaction Fee |
Terms None |
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Charges & Fees Late Payment Fee |
Terms Up to $25.00 will be assessed and added to your balance if the minimum payment is not received within 5 days following the payment due date. |
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Charges & Fees Over the Credit Limit Fee |
Terms None |
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Charges & Fees Returned Payment Fee |
Terms Up to $25.00 |
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Charges & Fees Card Replacement Fee |
Terms Up to $5.00 |
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Charges & Fees Balance Computation Method |
Terms Average Daily Balance |
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Type |
Term |
APR1 |
Amount |
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1APR=Annual Percentage Rate. Rates and terms subject to change without notice. Stated APR is the lowest rate available for qualified members. Actual rate may be higher based on income, credit worthiness, and extended loan terms. 2APR reflects 0.25% discount for automatic payment made from member’s LFCU account and established qualified direct deposit into member’s LFCU checking account. 3Share Secured APR based on dividend tier at time of origination and is adjusted with dividend rate. 4Monthly minimum payment is $30 per $1,000 borrowed. The rates and terms shown are effective as of April 1, 2024. |
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Type Share Secured |
Term Up to 15 years |
APR1 Dividend Rate 2.00% |
Amount Up to Share Balance3 |
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Type Credit Builder |
Term Up to 7 years |
APR1 Dividend Rate 3.00% |
Amount Up to $5‚000 |
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Type Certificate Secured |
Term Up to Certificate maturity date |
APR1 Dividend Rate 2.00% |
Amount Up to Certificate Balance |
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Type Line of Credit2 |
Term Revolving4 |
APR1 9.99% |
Amount $500 – $30,000 |
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Type Signature2 |
Term Up to 7 years |
APR1 8.99% |
Amount $500 – $50,000 |
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Term |
APR1 |
Loan Amounts |
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¹APR = Annual Percentage Rate. Rates and terms subject to change without notice. Stated APR is the lowest rate available for qualified members. Actual rate may be higher based on income, credit worthiness, and extended loan terms. APR reflects 0.25% discount for automatic payment made from member’s LFCU account and established qualified direct deposit² into member’s LFCU checking account. ²Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency. $50 minimum balance required to open and earn 0.10% APY (APY = Annual Percentage Yield) on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 2.04% APY on LFCU checking account balances up to $25,000 and 0.025% APY on checking balances over $25,000. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Lafayette Federal is an equal opportunity lender. The rates and terms shown are effective as of April 1, 2024. |
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Term 5 years |
APR1 10.74% |
Loan Amounts Up to $15K |
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Term 10 years |
APR1 10.74% |
Loan Amounts $15.1K to $20K |
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Term 12 years |
APR1 10.74% |
Loan Amounts $20.1K to $30k |
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Term 15 years |
APR1 10.74% |
Loan Amounts $30.1 to $75k |