Relationships > Transactions.

Sovita VISA® credit cards work in your best interests. They offer interest rates to manage expenses and control high interest rate debt.

 

Variable Interest Rate Rewards Program: Earn 1% cash back on every purchase transaction.

No category requirements needed. Earn on every purchase transaction with the Sovita REWARDS VISA® credit card. Additional benefits include:

  • Generous grace period, no liability for fraudulent charges and reasonable terms.
  • Low variable interest rate for purchases and cash advances.
  • Cash advances worldwide at any ATM that displays a VISA® or PLUS® logo.
  • Access the account using A+COMPUTE for balance and transaction information and to make payments. Download account transaction information to Quicken® to reconcile your account.

Apply online, at any credit union office or call a Member Services Representative at (800) 369-2786, (810) 720-8300 or (810) 664-5351.

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

11.65%, 17.65% or 19.65%, based on creditworthiness. 
This APR will vary with the market based on the Prime Rate.

APR for Balance Transfers

11.65%, 17.65% or 19.65%, based on creditworthiness. 
This APR will vary with the market based on the Prime Rate.

APR for Cash Advances

11.65%, 17.65% or 19.65%, based on creditworthiness. 
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 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.

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.

Fees

Annual Fee

None

Transaction Fees

  • Cash Advance
  • Foreign Transaction


Either $5 or 3% of the amount of each cash advance, whichever is greater.
1% of each transaction in US Dollars.

Penalty Fees

  • Late Payment

Up to $19

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

The information about costs of this card described in this application is accurate as of October 1, 2018. This information may have changed after that date. To find out what may have changed, write us at: P.O. Box 320830, Flint, MI 48532-0015.

*The 1% cash back rewards are calculated throughout the year and credited on your VISA statement for January of the following year. You will not receive the rewards if you close your account prior to the rewards being credited and rewards may be lost if your account becomes delinquent. You can earn rewards each year under this program for your purchase transactions. The cash back reward can be tracked through the eZcardInfo website via A+COMPUTE® Online Banking. The rewards program is subject to change by the credit union at its discretion from time to time; you will be informed of changes by a notice that appears on or with your monthly statement or through a separately mailed item.

Non-variable Interest Rate Program: low or no annual fee.

If you qualify for our 8.9% Annual Percentage Rate or have a direct deposit relationship with Sovita Credit Union, you don’t have to pay an annual fee.

It takes minutes to apply online. You can also call (800) 979-9994 to speak with a representative.

Learn more about APR and our lowest-possible fees below.

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

8.9%, 11.9% or 13.9% based on credit 

APR for Balance Transfers

8.9%, 11.9% or 13.9% based on credit

APR for Cash Advances

8.9%, 11.9% or 13.9% based on credit

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle. We will not charge interest on purchases if you pay your entire balance by the due date each month.

For Credit Card Tips from the Consumer Financial Protection Bureau

Visit the Consumer Financial Protection Bureau

Fees

Annual Fee

$9

Transaction Fees

  • Foreign Transaction

1% of each transaction in US Dollars

Penalty Fees

  • Late Payment

Up to $15

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)."

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

The information about costs of this card described in this application is accurate as of July 1, 2018. This information may have changed after that date. To find out what may have changed, write us at: P.O. Box 320830, Flint, MI 48532-0015. The Annual Fee will be waived if you qualify for our 8.9% annual percentage rate or if you have a direct deposit relationship with us.

Teacher Doctor Member Promo

Who can be a Sovita member?

Educators and healthcare employees – and their immediate families – who live in Genesee, Lapeer, Livingston, Oakland and Shiawassee Counties.

Learn More

 

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