1.844.825.6728  |  support@valorcu.org  |  Routing # 231386331

Student Visa Credit Card

Learn about the importance of building good credit with a safety net

About

Valor offers a Student Visa Credit Card for student members ages 18 - 23 years1 so they can learn about the importance of building good credit at a young age. The card offers a rate starting as low as 8.99% APR* and can be used to pay for purchases such as books, food, gas, or other college expenses wherever Visa is accepted.

Our Student Visa Credit Card also offers 1% cash back on purchases. Now instead of products or gifts as rewards, members may receive cash back on all of their purchases each month and all of the benefits you come to expect from a Valor Visa like: competitive rates and no hidden fees!

In order to safeguard the student's credit and prevent them from going into debt, Valor requires that a parent co-sign on the application with the student and that the student provide proof of their ability to make the required payments. Cards will be issued to both the student and the parent.

So, if you want to start building credit early with a safety net, contact a member service representative by calling 1.844.825.6728 or by visiting any of our convenient branches to start a Student Visa Credit Card application today!

Disclosure Statement

Interest Rate and Interest Charges
Annual Percentage Rate (APR) For Purchases 8.990%
This APR will vary with the market based on the Prime Rate.
APR For Balance Transfers 8.990%
This APR will vary with the market based on the Prime Rate.
APR For Cash Advances 8.990%
This APR will vary with the market based on the Prime Rate.
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 and balance transfers if you pay your entire balance owed each month by the payment due date. We will begin charging interest on cash advances on the transaction date.
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
Transaction Fees
  • Foreign Transaction
1.00% of each foreign currency transaction in U.S. dollars.
0.80% of each foreign U.S. Dollar transaction that occurs in a foreign country.
Penalty Fees
  • Late Payment
  • Returned Payment
  • Over-The-Credit Limit
  •  
  • Up to $25.00
  • Up to $25.00
  • Up to $25.00

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See your account agreement for details.


Conditions & Notes

* Annual Percentage Rate
The value of the cash back amount may be reported to the IRS as non-employee compensation via the filing of IRS Form 1099-MISC.
1 Student ages 18 - 23 are eligible to apply with a valid school ID and ability to make the required payments. Parent must be a co-applicant, but the account will be opened in the student's name. Cards will be issued to both the student and parent.
4 3% cash back on all-purchases that post and settle between 10/1/14 and 12/31/14 on new and existing cards. Cash back rate will become 1% on all purchases when promotional period ends. The value of the cash back amount may be reported to the IRS as non-employee compensation via the filing of IRS Form 1099-MISC. Card offers variable rates starting as low as 8.99% APR and are based on credit worthiness. Rates vary with market based on Prime Rate.
Rates and terms subject to change without notice. Contact credit union for complete details.


Rate current as of: 4/01/2014