Visa Program Change Notice

Visa Program Change Notice


Dear Members,

As of October 23rd, 2017 Connections will convert our Visa Credit Card Program to a new processor and program. Your current card will continue to work until you are issued a new EMV enabled card in November.

Your new credit card will be a variable rate card based upon the Prime Rate. Your existing balance will remain at your current rate, but all new purchases will be based on the new variable rate. Below and enclosed are the terms of your new account.

The new program will also incorporate a new Rewards program. Unfortunately, points cannot be transferred to the new program. Therefore, we encourage you to redeem the points you have accrued as soon as possible.

The first statement on the new program will be mailed in October. Please note that the payment address will change. If you have your payment set up through your bill pay system or automatic, you will need to update that information.

The last day for access to the Visa EZCard site will be October 22nd, 2017. If you are signed up to receive electronic statements, we suggest you download and retain them for future reference. After conversion, credit card information will be available through the credit union home banking website.

You have the right to reject the change-in-terms, cancel the account, or pay off your account under the terms and conditions of the current program. To reject these changes, please call us at the number listed below. Please note that rejecting this change will suspend your use of the account for future advances.

If you have questions regarding this information, please contact the credit union at 208-233-5544.

New Visa Program 10.2017

Rate Variable Rate based on Prime: Prime (4.25) + 5.0% = 9.25% with a ceiling of 18%
Rate Adjustment Twice a year, April 1st and October 1st, based on published prime rate in Wall Street Journal on the 20th of the month prior to adjustment month.
Rate Adjustment Cap No more than 2% increase on each adjustment
Annual Fee None
Grace Period 25 days on purchases
Cash Advance Fee None
Cash Advance Rate Same as purchase but there is no grace period. Interest starts on day 1
Payment Amount 2% of Balance. Minimum $25.00
Rewards Yes
Late Fee 5% of the scheduled payment or $15.00 whichever is greater. Fee charged after 5 days late
Overlimit or Balance Transfer Fee None
Return Payment Fee $25.00
Cycle Date Statement Drop on the 20th / payment due on the 15th of the following month
Statement Paper and/or Electronic
Online Access Connection Credit Union eTeller.