Platinum VISA Credit Cards
At ACMG -- we make carrying the card that best fits your needs easy. Accepted worldwide at millions of locations, our Platinum cards are designed to offer you maximum convenience and buying power with the personal, low cost, and honest service you deserve. As your credit union, our only goal is to save you money and help you build a stable and secure financial future.
Our Platinum VISA credit cards feature:
- Competitive rates (click here to view current rates)
- A Special Balance Transfer Rate for the life of the balance!*
- No annual fees.
- No Cash Advance Fee! Same APR as Purchases.
- Straightforward Terms/Low Fees
- Local Decisions/Quick Approval- so you can start saving now!
- Experienced and personal assistance from people you know and trust!
- Cash advances available at any ACMG Federal Credit Union branch or at Visa/Plus ATMs located in more than 170 countries.
To request your Platinum VISA credit card:
Click here to access an online credit card application and disclosures.
Complete the necessary information on the application, then print and sign. Applications can be mailed to ACMG FCU at 1753 Milton Avenue Solvay, NY 13209 or returned to any ACMG branch office. A helpful loan officer will contact you with your approved rate and assist you with any balance transfers if needed. Questions? Contact us.
*Click here to view details.
New Credit Card Law Brings Changes for Young Adults
The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) limits credit card companiesí access to young adults. Legislation regarding how credit card companies can market to young adults became effective Feb. 22, 2010. In short, these changes limit the marketing and issuing of credit cards to young adults.
Here are the details:
- Anyone younger than 21 years of age must be an authorized user on a parentís account. To have their own card, individuals must show proof of adequate income to pay card debts, or have an adult co-signer.
- Prescreened offers to consumers under 21 are banned.
- Card companies are banned from offering free gifts for completion of an application on or near a college campus and at college-sponsored activities/events.
- Colleges, universities, and alumni associations must disclose details of contracts they sign allowing credit card marketers access to student and alumni contact info.
- Card issuers must file reports annually with the Federal Reserve Board listing all business/marketing/promotional deals with schools. These reports must detail the terms and conditions, list schools by name, and identify how much the issuer is paying the school.
Mike Schenk, vice president of economics and statistics at the Credit Union National Association, Madison, Wis., says the legislation will be good for overall credit use among young adults. "The new legislation will lead to better money management, to young people being more careful about carrying balances and paying off balances on time," Schenk says.
Kelli Grant, senior consumer reporter for SmartMoney.com, says the new legislation could help protect young consumers from going into debt. For example, credit card issuers have to include a minimum payment disclosure that explains how long it will take to pay off the balance and the total cost in interest fees if you pay only the minimum amount due.
Schenk reminds consumers that credit unions werenít involved in the deceptive practices that led to the new law, and will not try to trick consumers into high interest rates or unfair payments. "What young adults will ultimately discover is that credit unions are a good deal," Schenk adds.
If you have any questions on these changes, please call a loan officer at 315-488-4433.