Young Achievers

Detroit Federal Employees Credit Union wants to assist our younger members on the road to financial independence. Responsible use and repayment of a credit card will help establish good credit history. Members age 16 and 17 can apply for the VISA Classic with the signature of a parent or guardian.

Apply today for your credit card using our convenient Visa Application. Please review the required Credit Card Disclosure:

Annual percentage rate (APR) for purchases	VISA Classic 13.80% VISA Gold 12.50% VISA Platinum 9.50%
Other APRs	Cash Advances Same as above Balance Transfers Same as above Penalty APR* 15.00%
Grace period for purchases	At least 25 days if the New Balance is paid in full by the Payment Due Date
Method of computing the balance for purchases	Average Daily Balance (excluding new purchases)
Annual Fee	None
Minimum finance charge	None
Late payment fee $20.00 Over-the-credit-limit fee 20.00 Transaction fee for cash advances None Returned check fee 20.00 Sales draft copy 2.00 Monthly statement copy 2.00
*The penalty APR will be applied if you miss two consecutive minimum payments

Minimum monthly payment: 3% of the outstanding balance or $20, whichever is greater. If your balance is less than $20, your minimum payment will equal the balance amount.