Detected in the CFPB-filed cardholder agreements from Schoolsfirst Federal Credit Union. Verbatim quotes below — CardSleuth flags the language; this isn't legal advice.
Penalty APR
Slip up and your rate can jump to a much higher penalty APR.
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“…38675 M-139866 You agree to the following terms and conditions and any amendments thereto. Credit Information Authorizations Annual Percentage Rate - Penalty Rate Cancellation Accepting This Agreement You agree that we may re-examine and re-evaluate your creditworthiness at Most transactions require approval of…”
“…y reason, any subsequent request for a credit Rate that will apply to purchases, balance transfers and cash advances on your Annual Percentage Rate - Penalty Rate account cut in two. Cancellation of the card will end all charging privileges. limit increase will be subject to credit application and approval. You…”
“…ust be received at the payment center on or before the We reserve the right to waive a change in your Annual Percentage Rate Annual Percentage Rate - Penalty Rate You may cancel your card at any time in writing, enclosing all cards on your date. We will give you written notice of any change in your credit limit…”
The intro rate was not broken out by credit tier — the issuer reported a single range.
Lowest offered0%
Median0%
Highest offered0%
Balance transfer APR
Promotional window: 6 months · grace period retained on purchases
No score
17.90%
≤619
17.90%
620–719
16%
720+
12%
Lowest offered12%
Median—
Highest offered17.90%
Cash advance APR
No score
17.90%
≤619
17.90%
620–719
17.90%
720+
17%
Lowest offered12%
Median—
Highest offered17.90%
Every fee on this card
Annual feeNone
Balance transfer feeNone
Cash advance feeNone
Foreign transaction fee2%
Purchase transaction feeNone
Late fee—
Over-limit feeNone
Minimum finance chargeNone
Balance computationAverage daily balance including new purchases
Additional fees
Returned Payment Fee$20
Late fee policy: $25, but no more than the amount due if balance is less than $25.
Rewards, benefits and features
Rewards
None reported
Services
Access to Free Credit Scores
Automobile rental insurance
Other
Features
Contactless Payments
Chip card
Mobile wallet provisioning (for example, Apple Pay)
Who can get this card
AvailabilityNational
Membership requirementsYes
RequirementGeographic Restrictions Beyond Place of Residence
Geographic: California state: All Counties
Phone800-462-8328
Balance transfer calculator
Stay put — 6 mo at 24%$300
Transfer fee (0%)$0
Promo interest at 12.00%$150
You save$150
Assumes you pay the balance down evenly across the 6-month promotional window, so the average outstanding balance is about half the transfer. Rates revert to 14.00% afterwards.
Cost to carry a balance
Interest for a year at 14.00%$420.00
Annual / periodic fees$0
Total yearly cost$420.00
Simple interest on a constant balance — a plain-language upper bound rather than an amortisation schedule. Paying in full each month within the 25-day grace period avoids the interest entirely.
Cardholder agreements
8 documents filed by Schoolsfirst Federal Credit Union in the 2026 Q1 archive.