Credit Card Rates

Modern Woodmen Bank Platinum VISA


Annual Percentage Rate(APR) for Purchases


This APR will vary with the market based on the Prime Rate*.

APR for Balance Transfers


This APR will vary with the market based on the Prime Rate*.

APR for Cash Advances


This APR will vary with the market based on the Prime Rate*.

Penalty APR and When It Applies


This APR may be applied to your account if you:

1) Make three late payments in a row;

2) Go over your credit limit twice in a six month period;

3) Make a payment that is returned, or;

4) Do any of the above on another account you have with us.

How Long Will the Penalty APR Apply? The Penalty APR will become effective with your next billing period. The Penalty APR will apply until the account is paid current and you make six consecutive minimum payments when due.

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing period. We will not charge you interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $0.50.

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


Annual Fees


Transaction Fees

· Balance Transfer


· Cash Advance


· Foreign Fees


Penalty Fees

· Late Payment

Up to $25

· Returned Payment


Other Fees

· Lost Card Replacement


· Priority Card Issuing


· Rush Card Fee


How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases)”. See your Credit Card Agreement for more details.

Billing Rights: Information on your rights to dispute transactions, and how to exercise those rights are provided in your Credit Card Agreement.

*Prime Rate: The “Index” shall be the Prime Rate published in the "Money Rates" section of "The Wall Street Journal” and is used to determine your ANNUAL PERCENTAGE RATE (APR). Variable APRs are based on an Index of 5.50% as of December 20, 2018. This information may have changed after that date. Changes to the Index and ANNUAL PERCENTAGE RATE will become effective during the next billing cycle. Billing cycles do not always coincide with month and/or quarter end. To find out what may have changed, call us at 877-255-BANK.    

Purchase APR: For Purchase transactions, we add a Margin of 5.99% to the Index of 5.50% . The Purchase APR may increase or decrease each quarter if the Prime Rate changes, but will not exceed the maximum rate of 21.00% .

The current ANNUAL PERCENTAGE RATE is 11.49%, which corresponds to a periodic rate of 0.031479% for years with 365 days. In years with 366 days the Bank uses 366 as the base.

Balance Transfer APR: For Balance Transfer transactions, see the Purchase APR above.

Cash APR: For Cash transactions see the Purchase APR above.

Military Lending APR: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an ANNUAL PERCENTAGE RATE of 36.00%. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). The protections will no longer apply to this account if you cease to be an active duty servicemember, or the dependent of an active duty servicemember. Please call toll-free, 877-255-2265,option “6”, option “0”. to receive this disclosure orally during regular business hours.

Click here for the full Credit Card disclosure