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Visa Cards - Terms & Conditions Associated with Tri-Town Teachers Visa FCU Credit & Debit Cards

This page contains a complete description of the various terms & conditions associated with a Tri-Town Teachers FCU Visa credit card.

The Table of Contents provides links to specific items of interest.

Click here to view the many features and benefits of both a Visa Credit Card and a Visa Check (Debit) Card from Tri-Town Teachers FCU.

Page Table of Contents

Click on Topic of Interest


Applications are available on-line by clicking on "Apply for a Loan" on Flexteller. If you already have Tri-Town On-Line Access, click here. If not, call us at 203 227-8511 or visit our office to set-up an on-line account. Applications are also available from the Forms Page to be printed and completed.

Auto Rental Collision Damage Waiver (ARCDW)

Auto Rental Collision Damage Waiver (ARCDW) eliminates the need for holders of Visa Cards from Tri-Town Teachers FCU to pay for the collision damage waiver or similar provision provided by commercial auto rental companies on most passenger vehicles—saving members as much as $13 per day in insurance costs.

ARCDW will reimburse a covered cardholder for the repair or replacement of a damaged rental vehicle due to collision, theft or other physical damages, up to the actual cash value of most rental cars. ARCDW provides automatic protection when a covered cardholder declines the comparable coverage from the rental company and pays for the auto rental with a covered card.

The cardholder and all those permitted by the auto rental contract as additional drivers are covered. The program will cover rentals up to 15 days within the U.S. and up to 31 days outside the U.S.


Available in the U.S. and most foreign countries, ARCDW reimburses the cardholder up to the full value of most rental cars for theft or damage not covered by the auto rental company, the cardholder's personal insurance, employer or employer's insurance.*

For cardholders who rent automobiles outside their country of residence, coverage is primary with reimbursement for eligible expenses within the cardholder's country of residence. Coverage is supplemental to, and in excess of, any other valid or collectible insurance from any other source.

* Excluded countries include Ireland, Northern Ireland, Israel, Jamaica and other countries where precluded by law or in violation of the territory terms of the rental agreement. Other restrictions, limitations and exclusions may apply.

Additional Information or questions:
Call our office on 203.227.8511

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Interest Rates and Credit Score/Grade

Our Visa Card interest rates are based on the individual card holder's credit score. You will be rewarded for having a good credit rating-something we should all strive for. But in no case will our interest rate be more than 17.50%. Check what you are paying on your credit cards today and you will find our rates are better in most cases.

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Credit Score Grading Table with Rates Effective 9/20/2017

As of September 20, 2017 the Wall Street Journal Prime Rate Listing is 4.25%*
Fair Isaac Credit Score Grade Credit Limit $ Introductory Interest Rate for First Year for Purchases or balance transfers Interest Rate after First Year for Purchases or balance transfers Interest Rate for Cash Advances from Day One, No Grace Period
700 or higherA10,0007.95 % WSJ prime rate* plus 6.00 % WSJ prime rate* plus 8.00 %
640-699B5,0008.95 % WSJ prime rate* plus 8.00 % WSJ prime rate* plus 10.00 %
600-639C2,50010.95 % WSJ prime rate* plus 10.00 % WSJ prime rate* plus 12.00 %
550-599D1,00014.95 %17.50 % Not allowed
The maximum interest rate we can charge by NCUA regulations is 18%.  Our Maximum interest rate is 17.50%  Rates are changed yearly based on the WSJ prime rate index on the first business day of October.

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Monthly Payments

The billing cycle for our VISA Credit Card generally runs from the 20th of the month to the 19th of the following month. Payments are due on the 15th of each month for the previous month's bill.  You can make payments by transferring funds from a Tri-Town checking or savings account to the credit card, or by sending us a check. Please write your account number on your check.

Your credit card account is listed on our secure web-site and you can check balances and activity through the internet - 24/7. Your monthly statement will be on the web-site each month and you can pay us by simply making a transfer-via our On-Line Account Access system.   In addition, with payroll deduction, you can set up an automatic transfer to pay your credit card each month. Cut down your bill paying time by charging bills to this credit card (cell phone, utilities, etc.).

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Fee Schedule

Fee Schedule

Annual Fee

- Annual Fee: None
- Transaction Fees - Foreign Transaction Fee 1.00% of each transaction in U.S. dollars,(charged by Visa, not Tri-Town).

Penalty Fees

- Late Payment Fee: Up to $20.00 - (If you are more than 30 days late).
- Returned Payment Fee: Up to $15.00.

Penalty Rate

You will be moved to our Penalty Rate of 17.50% if you are 60 days or more delinquent in paying your bill.

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How We Compute Periodic Finance Charges

The periodic finance charge, if any, is computed by multiplying the balance subject to finance charge by the monthly periodic rate as shown on the bottom of your billing statement.

The periodic finance charge on an account without a 25 day grace period on the advance balance:

For the advance balance, which consists of transactions related to cash and loan advances; A periodic finance charge will be imposed on advance transactions from the date they are posted to your account.

For the purchase balance, which consists of transactions related to purchases of property and services:

A periodic finance charge will not be imposed on purchase transactions if the previous balance shown on the monthly statement is zero or if a payment or credit for the full amount of the previous balance was received within 25 days of the prior billing cycle closing date.

To compute the periodic finance charge, we take the beginning balance of your account each day during the billing cycle, add any new cash and loan advances and any new purchases and subtract payments, credits and previously accrued finance charges. This gives us the daily balance. We then add all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the average daily balance.

By Law we hereby notify you that if you fail to fulfill the terms of your credit obligations we may submit negative credit reports reflecting on your credit to credit reporting agencies.

If your bill payments are delinquent:

If you are delinquent for 30 days or more you will be subject to a late fee of $20.  if you are late for 60 days or greater, your card will be blocked and you will be placed on our penalty rate which is 17.50%.  You will also lose any accumulated rewards points and lose rewards privileges.  Please contact us if you are unable to pay on time.  We will do our best to assist our members who may be having difficulties, but you must be willing to work out an acceptable payment schedule.

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Billing Rights Summary/Billing Disputes

Notify us in case of errors or questions about your account!

If you think your account statement is wrong, or if you need more information about a transaction that is shown, write us as soon as possible at:

Tri-Town Teachers Federal Credit Union
61 Jesup Road
Westport, CT 06880

We must hear from you no later than 60 days after we sent you the first statement on which the error or problem appeared. You can telephone us, but doing so will not preserve your rights.

In your letter, give us the following information:

  1. Your name and account number.
  2. The dollar amount of the suspected error, and
  3. Describe the error and explain, if you can, why you believe there is an error. If you need more information, describe the item you are unsure about.

You do not have to pay the questioned amount while we are investigating, but you are still obligated to pay all the parts of your account that are not in question. While we investigate your question, we cannot report you as delinquent or take any action to collect the amount you question, provided that you pay the undisputed amounts.

Special rule for credit card purchases

If you have a problem with the quality of the property or services that you have purchased with a credit card, and you have tried in good faith to correct the problem with the merchant, you have the right to withhold payment of the amount still due for property or service if:

  1. The purchase was made in your home state or within 100 miles of your current mailing address: and
  2. The purchase price was more than $50.00.

If we own or operate the merchant, or if we mailed you the advertisement for the property or services, the limitations on the amount or location of purchase do not apply.

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Credit Card Disclosure Statement

Credit Card Disclosure Statement

Annual Percentage Rate (APR) for Purchases
Introductory APR:
7.95% - 14.95% for purchases and balances transfers
for first twelve (12) months,
10.25% - 17.50%*
Other APR's
Cash Advances.................................12.25% - 17.50%*
Balance Transfer.............................10.25% - 17.50%*
Variable Rate and payment
The ANNUAL PERCENTAGE RATE may increase in the future. The ANNUAL PERCENTAGE RATE is subject to change on the first day of the billing cycle annually in September to reflect any change in the Index and will be determined by the Prime Rate on 20th day of day of September, to which we add a margin. Any increase in the ANNUAL PERCENTAGE RATE will result in an increase in the amount of the interest You will pay, may increase Your minimum payment, and may increase the number of payments to pay off Your balance. If the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.
Grace Period Information
25 days for purchases
(No Grace Period for cash advances or balance transfers)
Method of computing balances
Average daily balance
(excluding new purchases)
Annual Fees
Minimum monthly payment
$20 or 4% of the outstanding balance, whichever is higher
Transaction Fee for Purchases
Minimum Finance Charge
Foreign Transaction Fee..........1% of the transaction amount
Balance Transfer Fee...........................................................None
Late Payment Fee...............................................................$20.00
Over-the-Credit Limit Fee..................................................$25.00
* The Annual Percentage Rate is based on certain credit-worthiness criteria. The Prime Rate is used to determine your APR is the rate published in the "Money Rates" table of the Wall Street Journal on the first business day of October each year and remains in effect for one year, starting with the October billing cycle, after October 20th each year.
** If your payments are late by sixty (60) days.
The information about the costs of the card described in this disclosure statement are accurate as of September 2017. This information may have changed after that date. To determine what may have changed contact the Credit Union.

To view the many features and benefits of a Visa credit or debit card from Tri-Town Teachers FCU, click here.

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