Credit Cards
Credit Card Marketing
Parameters
- Risk-based pricing — we offer different interest rates and loan terms to different members based on their creditworthiness.
- Portico suffix — varies based on product.
- Excluded from employee discount.
Features
- Minimum Monthly Payment — 2.0% of outstanding balance with a $20 minimum
- Payment due date — 12th of every month
- Daily ATM Cash Advance Limit — $600
- Penalty Rate will apply on any credit card that has been 60 days late within a 12-month period.
- Penalty rate stays in effect until six consecutive minimum payments are made on time.
- Late charge of $25 is assessed if the minimum payment is not made by the payment due date.
- If the minimum payment is less than $25, the late fee will be equal to the amount of the minimum payment.
- If the minimum payment is less than $25, the late fee will be equal to the amount of the minimum payment.
Four different card types
Visa Platinum
- Portico Suffix — V1
- Variable rate — Prime + 1.99%
- Limits from $5,000 - $20,000
- UChoose Rewards
Classic Mastercard
- Portico Suffix — M1
- Fixed-rate
- Limits from $250 - $7,500
- UChoose Rewards
Gold Mastercard
- Portico Suffix — M2
- Fixed-rate
- Limits from $2,500 - $15,000
- UChoose Rewards
Take Charge Secured Mastercard
- Portico Suffix — M3
- Fixed-rate
- Limits from $250 - $1,000
- Not eligible for UChoose Rewards.
- Secured with funds in their Share Savings Account; Notepad Warning/Acknowledgement
- Available to members under age 18, with a co-signer who is of legal age.
Benefits
- Same low-interest rates on purchases, balance transfers and cash advances.
- No balance transfer fees.
- No annual or application fees.
- Eligible for Credit Card Life and Disability Insurance
Cross Sell
- Talking Points — Our credit card rates are always among the lowest, if not the lowest, in the state, so members can save a lot of money on interest. We do not charge balance transfer fees which is very unique (average fees range from 3%-9% of dollar amount transferred). Take Charge is an excellent way to build and repair credit. Our 17 and 18-year-old members should get one before leaving home.
- Opportunity Box Code/Name — CC | Credit Card
- Referrals — assign to Lending at applicable branch
Contact Manager
- N/A
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