Credit Card
Find the Right Credit Card for You
With options for everything from earning cash back to building your credit, NY TEAM has you covered. Compare our cards and apply today for the one that fits your lifestyle and spending habits.
Here are your options:
NO-FRILLS PLATINUM CREDIT CARD
Do you like keeping your finances simple and easy? The Low Rate credit card can help you do just that. Your interest rate will start low and stay low. It’s a great card to have in your wallet for purchases you want to pay off over time without accruing too much interest.
Features include:
- Insanely low rate of 9.90% APR
- No annual fee
- Enjoy MasterCard’s round-the-clock fraud protection and customer service
- With MasterCard Zero Liability, you’re not held responsible for unauthorized purchases
- Optional credit and life insurance
- Manage your account online at EZCARDINFO
CLASSIC REWARDS CARD
The Rewards Credit Card is a great option if you enjoy redeeming rewards for gift cards, travel or other great stuff.
Features Include:
- Insanely low rate of 14.80% APR
- No annual fee
- Enjoy MasterCard’s round-the-clock fraud protection and customer service
- With MasterCard Zero Liability, you’re not held responsible for unauthorized purchases
- Optional credit and life insurance
- Manage your account online at EZCARDINFO
New MasterCard Offers
Limited Time: Intro Offers
ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.
*APR = Annual Percentage Rate
*After promotional rate, the rate will result back to Annual Percentage Rate.
**Annual Percentage Rate (APR) will be 9.90 to 14.88%, based on credit score.
***Membership required, $1.00 minimum regular savings account required at or prior to account opening.
Start your Balance Transfer
Consolidate high-interest debt to payoff sooner.
Credit Card FAQs
It is often believed that credit card interest rate and APR (annual percentage rate) are the same. However, some financial products have different interest rates and APRs. The interest rate is the rate at which you borrow money based on market rates and your credit score. On the other hand, APR includes additional fees and costs such as origination fees, broker fees, or other charges that are part of the loan; the lender determines it. In simpler terms, the interest rate helps you determine your monthly costs, while the APR enables you to determine the total cost of the loan. Federal law mandates lenders to disclose the APR in every consumer loan agreement.
There are three main types of fees for credit cards: transaction fees, late fees, and annual fees. Fees are different from interest, which is charged when you don’t pay off your card in full each month.
Transaction fees
Most banks impose transaction fees for activities such as exceeding your limit or transferring a balance. However, NY TEAM only charges fees if you take a cash advance or make a foreign purchase using our cards. You can check the benefits of each card to see if any fees apply. We pride ourselves on charging significantly fewer fees than banks and credit unions. Try and see how delighted you will be with our lower fees.
Late fees
If you pay your card late, we may charge up to $20 as a late fee. This is lower than the fee charged by many banks.
Annual fees
Credit cards with an annual fee are typically associated with excellent perks and rewards. The fee charged helps cover the cost of these benefits. However, NY TEAM’s credit cards are unique because they offer additional benefits without any fees whatsoever.
Saving money on credit card fees
Our fee schedule lists all the fees associated with our cards. After you apply for and receive one of our cards, we will furnish you with a disclosure that outlines any potential fees. You can avoid most credit card fees.
Debit cards offer a significant advantage as they help you stay on budget. This is because the purchase gets debited immediately from your existing funds, making overspending harder. Additionally, applying for a debit card is easy and typically comes with no fees. Even if you don’t have a high credit score, you can still qualify for a debit card. At NY TEAM, all our checking accounts have a no-fee debit card.
On the other hand, credit cards provide the advantage of making larger purchases that you may need more cash for now, such as appliances or unexpected car repairs. Credit cards can also help you build your credit history and increase your credit score when used correctly. A favorable credit history and score can help you get better loans in the future, like a car loan or a house mortgage.
At NY TEAM, we offer both debit and credit cards. We’re here to assist you if you need help choosing between the two or deciding which credit card to apply for. Please visit one of our branches or call us to speak with a representative. Alternatively, you can apply for a card online.
How We Will Calculate Your Balance:
We use a method called “average daily balance (including new purchases).”
Balance Transfer Introductory APR:
Any existing balances on NY Team Federal Credit Union loan or credit card accounts are not eligible for the Introductory APR for balance transfers.
Loss of Introductory APR:
We may end your Introductory APR for purchases and apply the Penalty APR if you are 60 days late in making a payment.
Application of Penalty APR:
Your APR may be increased to the disclosed Penalty APR if you are 60 days late in making a payment.
Effective Date:
The information about the costs of the card described in this application is accurate as of: August 19, 2019
This information may have changed after that date. To find out what may have changed, contact the Credit Union.
For California Borrowers, the Classic Mastercard and Platinum Mastercard are secured credit cards. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are a covered borrower under the Military Lending Act your credit card will be secured by any specific Pledge of Shares you grant us but will not be secured by all shares you have in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.
Other Fees & Disclosures:
Late Payment Fee:
$20.00 or the amount of the required minimum payment, whichever is less, if you are five or more days late in making a payment.
Balance Transfer Fee (Finance Charge):
3.00% of each balance transfer.
Cash Advance Fee (Finance Charge):
$5.00.
Returned Payment Fee:
$27.00 or the amount of the required minimum payment, whichever is less.
Card Recovery Fee:
$75.00.
Card Replacement Fee:
$5.00.
Emergency Card Replacement Fee:
$5.00.
Statement Copy Fee:
$5.00.
Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.