Detected in the CFPB-filed cardholder agreements from Southwest 66 Credit Union. Verbatim quotes below — CardSleuth flags the language; this isn't legal advice.
Change-anytime clause
The issuer reserves the right to change your rates, fees and terms at any time.
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“…t your obligation to repay any payments made for your Account resulting from use of the Card as well as FINANCE CHARGES and other related charges. We may change the terms of this Agreement, including the periodic rate, at any time subject to such notice as may be required by applicable law. If you use your Card or Account to make a purchase or cash advance or balance transfer a…”
Slip up and your rate can jump to a much higher penalty APR.
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“…APR may vary. The Prime Rate used to determine the APR is the rate published in The Wall Street Journal on the last business day of the prior month. Penalty APR and When It None Applies How to Avoid Paying If the balance is paid in full within the 25 day grace period there will be no Interest on Purchases fin…”
Balance computationAverage daily balance including new purchases
Additional fees
Return Payment Fee$25
Late fee policy: Up to 5% of the minimum payment due not to exceed $25.00
Rewards, benefits and features
Rewards
None reported
Services
None reported
Features
Contactless Payments
Chip card
Who can get this card
AvailabilityNational
Membership requirementsYes
RequirementOther. Please Describe:
Phone432-363-6600
Balance transfer
This card does not offer a balance transfer rate.
Cost to carry a balance
Interest for a year at 16.12%$483.60
Annual / periodic fees$0
Total yearly cost$483.60
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
1 document filed by Southwest 66 Credit Union in the 2026 Q1 archive.