IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you:
When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Before you get started, you will need the following:
- Credit Card Amount
- Valid Government Issued Photo ID
- Current Employment and Income Verification
TIP: Providing your income documents ahead of time can help speed up the review process. Option to upload your income document(s) at the end of this application is available. For your convenience, saving multiple documents into one file is acceptable.
- Previous Employment Information (if currently employed for less than 2 years)
- Current Contact Information (Phone and email address)
- NOTE: MUST be at least 18 years of age and a current Guam resident to apply. Applicants under 21 years of age must provide proof of individual income or a qualified co-borrower/co-applicant who is at least 21 years old with proof of individual income. Membership is required.
Successful submission of this form will initiate the loan application process. Final signature(s) will be required to advance funds, including signatures for joint applicants. We will contact you within 1-2 business days.
Coast360 Federal Credit Union - Cash Reward VISA® Credit Card Application Disclosure
As required by law, rates, fees, and other costs of this credit offer are disclosed here. All account terms are governed by the Credit Card Agreement. Account and Agreement terms are not guaranteed for any period of time; all terms, including fees and the APRs for new transactions, may change in accordance with the Agreement and applicable reasons. You should thoroughly review all the materials in this package so that you are fully informed about your credit card loan.
| INTEREST RATES AND CHARGES |
| Annual Percentage Rate (APR) for Purchase |
10.00% Cash Rewards Visa® Gold
12.00% Cash Rewards Visa® Classic / Secured Visa® Classic
|
| APR for Balance Transfers |
10.00% Cash Rewards Visa® Gold
12.00% Cash Rewards Visa® Classic / Secured Visa® Classic
This APR may vary during promotional periods.
|
| Cash Advance APR |
10.00% Cash Rewards Visa® Gold
14.00% Cash Rewards Visa® Classic / Secured Visa® Classic |
| Penalty APR and When it Applies |
None |
| How to Avoid Paying Interest on Purchases |
Your due date is 25 days after the close of each billing cycle. You will not be charged any interest on purchases if you pay your entire balance by the due date each month.
We will begin charging interest on Cash Advances and Balance Transfers on the transaction date.
|
| Minimum Interest Charge |
None |
| 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. |
| FEES |
| Secured Card |
110% of the requested credit limit |
| Annual Fee |
None |
|
Transaction Fees
Balance Transfer
Cash Advance
Foreign Transaction
|
$5 or 3% of the amount of each transfer, whichever is greater
$10 or 4% of the amount of each cash advance, whichever is greater
None |
Penalty Fees
Late Payment
Over Credit Limit
Returned Payment |
$15
$15
$25 |
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See your account agreement for more details.
Loss of Promotional Offers: If your credit card account is 60 days past due, you may not qualify for promotional credit card offers.
Over Limit Feature: In order to activate this feature, you will have to agree to this service. No Over Limit Fee will be imposed unless you have agreed to such a service.
Payment Allocation: Payments are allocated to posted balances. If your account has balances with different APRs, we will allocate the amount of your payment equal to the total minimum Payment Due to the lowest APR balances first. Payment amounts in excess of your Total Minimum Payment Due will be applied to balances with higher APRs before balances with lower APRs.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights are provided in your account agreement.
Cash Rewards Terms & Conditions
Cash Rewards Program Information: Earn 1% Visa Classic (or 1.5% with Visa Gold) Cash Rewards on all new net purchases during each billing cycle. Net purchases are new purchases less credits, returns, and adjustments on all cards on the account including authorized user(s). Cash advances or account fees are excluded from Cash Rewards. There is no minimum or maximum amount of reward you may receive. Your Cash Rewards will be automatically credited to your share account with Coast360. If your account is closed, any accrued Cash Rewards are forfeited. Coast360 reserves the right to modify this program at any time.
In order to qualify for Cash Rewards, the member's primary membership has to be in good standing, open, and your credit card account must be current and within your credit limit for the quarter. Cash Rewards will be forfeited if the membership has any account(s) that are delinquent and are not in good standing with Coast360. Coast360 reserves the right to determine whether your primary membership is in good standing with Coast360. Cash Rewards will be forfeited if the account is closed prior to the last day of a calendar day of the quarter (ie. 3/31, 06/30, 09/30, 12/31)
Cash Rewards are issued for a U.S. dollar sum in the form of a deposit and will be disbursed and posted to the primary share account on a quarterly basis. Cash Rewards are issued within 15 days of the last calendar day of each quarter of the calendar year. There is no redemption process. Cash Rewards cannot be purchased, sold, transferred, bartered, or assigned in any manner. Member is not entitled to any compensation from Coast360 if Cash Rewards are forfeited or the credit card account is terminated for any reason. Coast360 reserves the right to prohibit any members from participating in the Cash Rewards program. In addition, we reserve the right to suspend and cancel participation in the Cash Rewards program if the member is suspected of or has been committed of fraud or in violation with the terms and conditions of the Coast360 Credit Card Agreement.
Coast360 reserves the right to amend, modify, terminate, or change the terms and conditions of the Cash Rewards Program and the cash reward offering at any time and without prior notice.
Other terms and conditions apply. Additional program and service details accompany new account materials.
IMPORTANT INFORMATION ABOUT BALANCE TRANSFERS
Complete the balance transfer form and submit it to any Coast360 location. You may transfer any amount but the total amount of your balance transfers and the fees for your balance transfers must be less than your available credit limit. Any disputed purchase should not be included with the balance transfer request as you may lose your dispute right on the disputed transaction. You may not transfer balances from other accounts at Coast360 Federal Credit Union.
Unless you have confirmed that the balance transfer has been received, it is your responsibility to ensure any payments due are made in accordance to its due date. That available credit limit for your card will be reduced by the total amount of the transfers, inclusive of fees. It will take at least 10 days after your account has been opened in order to process any balance transfer payments request. During this time, you may cancel or modify your balance transfer request by contacting Coast360 Contact Center at 671-477-8736.
Balance transfers are made available at our discretion. All balance transfers are subject to standard purchase APR unless an introductory or other promotional rate applies.
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