Credit card issued by Cross River Bank, Member FDIC pursuant to a license from Mastercard.
Card Disclosures for Trovy HELOC Card. This document provides important disclosures about the interest rates, interest charges, and other fees for Trovy HELOC cardholders.
| Annual Percentage Rate (APR) for Purchases | 6.24 - 13.99% This is a variable APR that will vary with the market based on the Prime Rate. |
| APR for Balance Transfers | 6.24 - 13.99% This is a variable APR that will vary with the market based on the Prime Rate. |
| APR for Cash Advances | 6.24 - 13.99% This is a variable APR that will vary with the market based on the Prime Rate. |
| Penalty APR and When it Applies | There is no penalty APR. |
| Paying Interest | Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases made with the card if you pay the entire balance by the due date each month. Interest on balance transfers and cash advances is charged from the date of the transaction. |
| 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 credit card, visit the Consumer Financial Protection Bureau’s website at http://www.consumerfinance.gov/learnmore |
| Annual Fee | $0 |
| Transaction Fees
| 3% of the amount of each transfer, up to 5% of the Maximum Credit Limit over the life of the loan 3% of the amount of each transfer, up to 5% of the Maximum Credit Limit over the life of the loan $0 |
| Penalty Fees
| The lesser of 5% of the past due payment and $25 $15 $0 |
| Other Fees
| In addition to the Cash Advance fee described above, the owner or operator of an ATM you use may charge you a fee for a withdrawal or other transaction. Up to $800 for government recording fees and taxes (if applicable) and $140 for mobile notary closing costs if a mobile notary is required. We will charge these costs three months after you open your HELOC only if you have not drawn at least $10,000 from your HELOC by this date. We will waive these costs if you draw at least $10,000 from your HELOC three months after you open your HELOC. The amount of the costs will be added to your account balance in the form of a 12-month installment plan. |
How We Will Calculate Your Balance: We use a method called the daily balance method (including new transactions). See your Trovy Home Equity Line of Credit Agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
