3 Great Reasons To Join BMI Federal Credit Union

Combine 3 Great Products and Save - Earn Up to $450 


Improving the financial lives of our members means never limiting what you can save. So that's why you can combine our latest great offers to earn up to $450. You'll also have the security and convenience of a credit union that is looking out for you. Check out our 3 great reasons to join today!

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1 Earn $200 with a New Checking AccountEarn a $200 cash bonus when you open a new Free Checking account with BMI Federal Credit Union. Explore all the great features of Free Checking.
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2 Transfer Your Credit Card Balance
Transfer your credit card balance to a new BMI FCU Visa® Platinum Credit Card, and get 0% Introductory APR* on your balance transfer for 6 months.
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3 Earn $250 When You Dare to Compare
Refinance your auto loan with BMI Federal Credit Union and earn a $250 cash bonus. If we can't beat your current rate or lower your monthly payment, we'll give you $50.


Open an Account 

Application and Solicitation Disclosure


Interest Rates and Interest Charges
Annual Percentage Rate (APR) For Purchases

VISA Platinum and VISA Platinum Secured:
9.90% - 17.90%, based on your creditworthiness.

VISA With Rewards and VISA With Rewards Secured:
15.24% - 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

APR For Balance Transfers

VISA Platinum and VISA Platinum Secured: 
0.00% Introductory APR for 6 months from the first balance transfer.
After that, your APR will be 9.90% to 17.90%, based on your creditworthiness.

Visa With Rewards and Visa With Rewards Secured: 
15.24% to 18.00%, when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

Annual Percentage Rate (APR) For Cash Advances

VISA Platinum and VISA Platinum Secured: 
9.90% - 17.90%, based on your creditworthiness.

VISA With Rewards and VISA With Rewards Secured:
15.24% - 18.00% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

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 you any 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 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

Annual Fee

- Annual Fee - Visa Platinum and Visa Platinum Secure

- Annual Fee - Visa with Rewards and Visa with Rewards Secured


None


$49.00

Transaction Fees
- Foreign Transaction

1.00% of each transaction in U.S. dollars
Penalty Fees
- Late Payment
- Returned Payment

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)."

Promotional Period for Introductory APR - Visa Platinum and Visa Platinum Secured:
The Introductory APR for balance transfers will apply to transactions posted to your account during the first 30 days following the opening of your account. Any existing balances on BMI Federal Credit Union loan or credit card accounts are not eligible for the Introductory APR for balance transfers.

Effective Date: The information about cost of the card described in this application is accurate as of: June 19, 2018. This information may have changed after that date. To find out what may have changed, contact the Credit Union.

For California Borrowers, the Visa Platinum and Visa Platinum Secured and Visa with Rewards and Visa with Rewards Secured are secured credit cards. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during any periods when you are a covered borrower under the Military Lending Act your credit card will be secured by an specific Pledge of Shares you grant us be will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.

Other Fees & Disclosures:
Late Payment Fee: 
$25 of the amount of the required minimum payment, whichever is less, if you are 15 or more days late in making a payment.

Annual Fee -Visa with Rewards and Visa with Rewards Secured: 
$49.00.

Returned Payment Fee: 
$25.00 or the amount of the required minimum payment, whichever is less.

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03400649-MXC10-P-033018 (MXC101-E)

1 To earn $200 cash bonus, mention promo CHECK18 when opening account in person or add to the comment section when applying online. The following requirements must be met in the first 90 days after the account is opened: Open and deposit $20.00 into a new checking account with VISA debit card and make a minimum of 30 debit card transactions of at least $5/each. Member must sign up for electronic statements and have monthly direct deposits totaling $500 or more. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. A regular share savings account must be opened and a $5.00 deposit is required. Annual Percentage Yield as of August 15, 2018 is 0.05%. For the Regular Share Savings account, there is a Silver or higher relationship tier required to avoid a service fee. Cash bonus may be considered income and reported on 1099-MISC or 1099-INT. Offer not valid on Starting Over Checking, Platinum Checking, or Business accounts. Offer not available to existing members, those with fiduciary accounts, those who have closed an account within 6 months, or have a negative balance. Other membership exclusions may apply. Rates and terms are subject to change. Membership eligibility requirements apply. Checking account must remain open for a minimum of 6 months or the bonus will be debited from the account at closing. Offer ends December 31, 2018.

3 Mention promo code REFI2018 when applying in person or add to the comment section when applying online. Cash bonus of $250 will be given for the refinance of each auto loan from another financial institution. Cash bonus will be deposited into the member's account within 10 business days after the loan is funded. Minimum loan amount of $5,000 and automatic loan payment setup is required for cash bonus. If BMI FCU cannot offer a lower Annual Percentage Rate (APR) or lower payment than your existing APR or payment, applicant will receive a $50 cash bonus. Applicant must be eligible and approved for financing at BMI FCU. Cash bonus will be sent after 30 days from date of BMI FCU loan approval and after applicant presents a copy of signed loan note and disclosure from the competitor. Dealer Manufacturer financing is excluded from this program. Cash Bonus may be considered income and reported on 1099-MISC or 1099-INT. Existing BMI FCU loans are not eligible for this offer. Membership eligibility requirements apply. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Offer ends December 31, 2018.