7/11/2019

Choice Mastercard Disclosures | Citadel

Choice Mastercard Disclosures

Citadel 

Choice Mastercard® 

Agreements & Disclosures

 Interest Rates and
Interest Charges

Annual Percentage
Rate (APR) for
Purchases

APR for Balance
Transfers and for
Cash Advances

Your APR will be 9.49%-17.99% based upon your creditworthiness. The APR will vary with the

market based on the Prime Rate.

Your APR will be 9.49%-17.99% based upon your creditworthiness. The APR will vary with the

market based on the Prime Rate.

How to Avoid
Paying Interest

Your due date is 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. Interest is charged on cash advances and balance
transfers from the date the advance is made.

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To learn more about factors to consider when applying for or using a credit card, visit the website of the
Federal Reserve Board (https://www.consumerfinance.gov/data-research/credit-card-data/).

For Credit Card
Tips From The
Federal Reserve
Board

 Fees

Transaction Fees:              
Cash Advance Fee
Foreign Transaction Fee

3% of amount advanced ($10 minimum, $100 maximum)  
1.1% of transaction amount in U.S. dollars. 

Penalty Fees:
Late Fee
Returned Check Fee

$25.00  
$25.00 

How We Will Calculate Your Balance:  We use a method called the “Average Daily Balance (including new purchases).”

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Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement. The

information about the costs of the card described is accurate as of 07/11/2019. This information may have changed after that date. To find out what

may have changed, call us at (800) 666-0191. Your APR may change on a monthly basis. The APR is established using The Wall Street Journal Prime

Rate 10 days prior to the end of the month and changes on the first of the following month. We calculate your rate by adding a margin of 3.99-14.99

to the Prime Rate. The result is your APR. There is no limit on the amount by which your APR will increase at one time, but it will never be greater than

17.99% APR. Rate changes may result in an increase in the minimum payment or an increase in time it will take to pay off balance on card. Please

refer to your statement for your APR.

Citadel Choice Mastercard® Line of Credit Agreement  
Agreements between Citadel and the borrower(s):

1.

2.

3.

Upon using this card, I agree to be bound by the terms and conditions of Citadel’s credit card agreement. I signifies “we”.

I hereby apply for a line of credit that I can use from time to time and which may be replenished by payment on amounts previously drawn.

This Agreement establishes my request for the issuance of a Mastercard upon approval by Citadel. (a) The credit limit approved shall be

determined by Citadel, and this credit limit will be drawn upon as I utilize an issued Mastercard Credit Card. (b) The line of credit will be repaid in
accordance with terms and conditions issued by Mastercard International, Inc., and in accordance with policies established by Citadel’s Board of

Directors.

4.

A Finance Charge will be imposed on Mastercard Cash Advances that you obtain through the use of your Mastercard as of the date of each such
Cash Advance and will continue to accrue until date of payment in full. A Finance Charge will be imposed on the unpaid balance for Credit

Purchases from the statement closing date and on Credit Purchases made during the current billing cycle from the date of posting of each such

Credit Purchase to your account and will continue to accrue until the date the account balance is paid in full only if the New Balance indicated

on your statement for the prior monthly period is not paid in full within 25 days after the statement closing date. If the New Balance indicated

on your statement for the prior monthly period is paid in full within 25 days after the statement closing date, no Finance Charge will be

imposed on Credit Purchases made during the current billing cycle.

The Periodic Rate used to compute The Finance Charge is the APR divided by 365 multiplied by the number of days in the month. Please

contact Citadel or refer to your credit card statement to find out the corresponding APR.

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The Finance Charge for a billing cycle is computed by applying the daily Periodic Rate to the Average Daily Balance, which is determined by
dividing the sum of the daily balances during the billing cycle by the number of days in the cycle. Each daily balance is determined by adding to

the Previous Balance (the outstanding balance in the account at beginning of the billing cycle) all new Mastercard Cash Advances as made and

if the Previous Balance was not paid in full within the first 25 days of the billing cycle, all new Credit Purchases as posted through that date, but

excluding any unpaid Finance Charges.

In event of suit to collect unpaid balances, all costs, including attorneys’ fees of 33% of the balance due, or such greater amounts as may be

reasonable and just and also those costs, expenses and attorneys’ fees incurred in appellate proceedings, shall be imposed.

Issuer has the right to apply the proceeds of any collateral now or hereafter pledged to Issuer to secure payment of other indebtedness with

Issuer to the payment of your unpaid balance in event of non-payment.

Payments made are applied in the following order: late charges, service fees, interest on retail purchases, interest on cash advances, cash

advance principal, and retail purchase principal (remaining payment).

I agree not to use this credit card for any illegal activity. I understand that by doing so I may lose certain rights.

Billing Error Rights Notice Your Billing Rights: Keep this Document for Future Use. This notice tells you about your rights and our responsibilities

under the Fair Credit Billing Act. What To Do If You Find A Mistake On Your Statement. If you think there is an error on your statement, write to
us at: Citadel 520 Eagleview Boulevard, Exton, PA 19341. In your letter, give us the following information: (a) Account information:Your name

and account number. (b) Dollar amount:The dollar amount of the suspected error. (c) Description of problem: If you think there is an error on

your bill, describe what you believe is wrong and why you believe it is a mistake.You must contact us: (a) Within 60 days after the error appeared

on your statement. (b) At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you

think is wrong. You must notify us of any potential errors in writing.You may call us, but if you do we are not required to investigate any

potential errors and you may have to pay the amount in question. What Will Happen After We Receive Your Letter.  When we receive your
letter, we must do two things: (a) Within 30 days of receiving your letter, we must tell you that we received your letter.We will also tell you if we

have already corrected the error. (b)Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the

5.

6.

7.

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10.

11.

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bill is correct.While we investigate whether or not there has been an error: (a) We cannot try to collect the amount in question, or report you as
delinquent on that amount. (b) The charge in question may remain on your statement, and we may continue to charge you interest on that

amount. (c) While you do not have to pay the amount in question, you are responsible for the remainder of your balance. (d) We can apply any

unpaid amount against your credit limit. After we finish our investigation, one of two things will happen: (a) If we made a mistake:You will not

have to pay the amount in question or any interest or other fees related to that amount. (b) If we do not believe there was a mistake:You will

have to pay the amount in question, along with applicable interest and fees.We will send you a statement of the amount you owe and the date

payment is due.We may then report you as delinquent if you do not pay the amount we think you owe. If you receive our explanation but still
believe your bill is wrong, you must write to us within 10 days telling us that you still refuse to pay. If you do so, we cannot report you as

delinquent without also reporting that you are questioning your bill.We must tell you the name of anyone to whom we reported you as

delinquent, and we must let those organizations know when the matter has been settled between us. If we do not follow all of the rules above,

you do not have to pay the first $50 of the amount you question even if your bill is correct. Your Rights If You Are Dissatisfied With Your

Credit Card Purchases. If you are dissatisfied with the goods or services that you have purchased with your credit card, and you have tried in

good faith to correct the problem with the merchant, you may have the right not to pay the remaining amount due on the purchase.To use this
right, all of the following must be true: (a) The purchase must have been made in your home state or within 100 miles of your current mailing

address, and the purchase price must have been more than $50. (Note: Neither of these are necessary if your purchase was based on an

advertisement we mailed to you, or if we own the company that sold you the goods or services.) (b) You must have used your credit card for the

purchase. Purchases made with cash advances from an ATM or with a check that accesses your credit card account do not qualify. (c) You must

not yet have fully paid for the purchase. If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing

at: Citadel 520 Eagleview Boulevard, Exton, PA 19341. While we investigate, the same rules apply to the disputed amount as discussed above.
After we finish our investigation, we will tell you our decision. At that point, if we think you owe an amount and you do not pay, we may report

you as delinquent.

I understand and agree that Citadel has the authority to impress and enforce a lien on all present and future shares in my name to the extent of

that unpaid balance in event of non- payment.

The minimum monthly periodic payment required is the total New Balance as shown on your monthly billing statement if the amount is under

$25.00. If the New Balance exceeds $25.00, the minimum periodic payment is 2.25% of that portion of the New Balance which does not exceed
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your credit limit, plus the entire portion of the New Balance in excess of your credit limit, plus any amount past due, or $25.00, whichever is

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greater.

If I lose my Mastercard, I will report the lost card to Citadel as soon as possible. Replacement cards will be given to me at a cost of $10.00.

Citadel may charge a late fee of $25.00 if my monthly payment is more that 5 (five) days past due. At no time will your late fee exceed your

outstanding balance. I understand that Citadel reserves the right to change the fee at any time with proper written notification.

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A Cash Advance Fee of 3% of the advance amount will be assessed per Mastercard Cash Advance transaction. The minimum fee is $10 and the

maximum fee is $100. I understand that the Credit Union reserves the right to change the fee at any time.

12.

13.

14.

15.

16.

17.

For transactions initiated in foreign currencies, the exchange rate between the transaction currency and the billing currency (U.S. dollars) will
be: (a) a rate selected by Mastercard from the range of rates available in wholesale currency markets for the applicable central processing date,

which rate may vary from the rate Mastercard itself receives; or (b) the government- mandated rate in effect for the applicable central

processing date. In each instance You will be charged a fee of 0.90% calculated on the final settlement amount for transactions that are initiated

in foreign countries, and if your transaction is also initiated in a foreign currency You will be charged an additional fee of 0.20% calculated on

the final converted settlement amount.

18.

19.

I promise to pay any and all charges incurred by me or by any person whom I authorize to use the Mastercard Credit Card issued to me.

As a holder of a Mastercard Credit Card, I understand that I can repay any outstanding balance prior to maturity in whole or in part at my option

without penalty.

20.

I recognize and agree that I will accept any other conditions established by Citadel’s Board of Directors that are necessary to protect the best
interest of Citadel and to comply with applicable Federal and State laws and regulations, except that Citadel may not assess any other charges

to which I have not expressly agreed.

21.

I acknowledge and agree that Citadel’s Loan Review Committee may terminate this Agreement under the following conditions: (a) Upon
adverse re-evaluation of my credit worthiness. (b) Upon my failure to satisfy the terms of this Agreement and the terms and conditions

established by Citadel’s Board of Directors and by Mastercard International, Inc. (c) At my option or at Citadel’s option if it has good cause.

22.

If my line of credit is to be terminated by Citadel, I shall receive written notice of such termination; however, I understand and acknowledge that
such termination shall not affect my obligation to pay any outstanding balance.

23.

I understand that Citadel may review my loan file at least once every 12 months. I hereby give my permission to and authorize Citadel to

investigate and reassess my credit worthiness with the understanding that this may affect my loan limit depending on the results of the credit

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inquiry.

Choice Mastercard Disclosures | Citadel

24.

I fully understand, acknowledge and agree that if my loans become delinquent or past due my Mastercard Credit Card shall be revoked, unless
the Loan Review Committee or the Loan Officer determines that extenuating circumstances have contributed to the delinquency; under such

circumstances, the Loan Review Committee, at its option, may approve my continued use of the Mastercard Credit Card.

25.

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 percent.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). If
you want to hear this disclosure verbally, please call 855-640-3707. Not applicable for business credit cards.

Routing #

231380104

Branch Hours: 8:30 a.m. - 5 p.m. Mon - Thurs
Friday: 8:30 a.m. - 7 p.m.

Saturday: 9 a.m. - 2 p.m.

Citadel
Headquarters

520 Eagleview
Boulevard
Exton, PA
19341

(http://maps.google.com/?
q=520 Eagleview Boulevard

Exton, PA 19341)

(800) 666-0191 (tel:(800) 666-0191)

Customer Service

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