CONSUMER CREDIT CARD AGREEMENT 

VISA PLATINUM PREFERRED AND VISA PLATINUM PREFERRED WITH REWARDS 

In this Agreement, “Agreement” means this Consumer Credit Card Agreement. “Disclosure” means the Credit Card Account 
Opening Disclosure. The Account Opening Disclosure is incorporated into this Consumer Credit Card Agreement and is part of the 
Agreement. In this Agreement the words "you," “your,” and "yours" mean each and all of those who agree to be bound by this 
Agreement; "card" means the Visa credit card and any duplicates, renewals, or substitutions the Credit Union issues to you; 
"account" means your Visa credit card line-of-credit account with the Credit Union; and "Credit Union" means the Credit Union 
whose name appears on this Agreement or anyone to whom the Credit Union transfers this Agreement.  

1. USING YOUR ACCOUNT — If you are approved for an account, the Credit Union will establish a line of credit for you.  You agree 
that your credit limit is the maximum amount (purchases, cash advances, finance charges, plus "other charges") which you will have 
outstanding on your account at any time. Unless disclosed otherwise, the Credit Union will not allow advances over the credit limit. If 
the Credit Union has a program whereby it allows payment of advances that exceed your credit limit, the Credit Union will provide 
you with notice, either orally, in writing, or electronically (notwithstanding the requirements of the paragraph entitled “Statements and 
Notices”) explaining your right to opt in to the Credit Union’s program whereby it will honor advance requests over the credit limit. In 
the event you opt in to such a program, you agree to the terms of such a program. You may request an increase in your credit limit 
only by a method acceptable to the Credit Union. The Credit Union may increase or decrease your credit limit, refuse to make an 
advance and/or terminate your account at any time for any reason not prohibited by law. If you are permitted to obtain cash 
advances on your account, we may, from time to time, issue convenience checks to you that may be drawn on your account. 
Convenience checks may not be used to make a payment on your account balance. If you use a convenience check, it will be 
posted to your account as a cash advance. We reserve the right to refuse to pay a convenience check drawn on your account for 
any reason and such refusal shall not constitute wrongful dishonor. You may request that we stop the payment of a convenience 
check drawn on your account. You agree to pay any fee imposed to stop a payment on a convenience check issued on your 
account. You may make a stop payment request orally, if permitted, or in writing. Your request must be made with sufficient time in 
advance of the presentment of the check for payment to give us a reasonable opportunity to act on your request. In addition, your 
request must accurately describe the check including the exact account number, the payee, any check number that may be 
applicable, and the exact amount of the check. If permitted, you may make a stop payment request orally but such a request will 
expire after 14 days unless you confirm your request in writing within that time. Written stop payment orders are effective only for six 
(6) months and may be renewed for additional six month periods by requesting in writing that the stop payment order be renewed. 
We are not required to notify you when a stop payment order expires. If we re-credit your account after paying a check or draft over 
a valid and timely stop payment order, you agree to sign a statement describing the dispute with the payee, to assign to us all of 
your rights against the payee or other holders of the check or draft and to assist us in any legal action. You agree to indemnify and 
hold us harmless from all costs and expenses, including attorney's fees, damages, or claims, related to our honoring your stop 
payment request or in failing to stop payment of an item as a result of incorrect information provided to us or the giving of 
inadequate time to act upon a stop payment request.  

2. USING YOUR CARD — You understand that the use of your credit card will constitute acknowledgement of receipt and 
agreement to the terms of the Credit Card Agreement and Credit Card Account Opening Disclosure (Disclosure). You may use your 
card to make purchases from merchants and others who accept your card. The credit union is not responsible for the refusal of any 
merchant or financial institution to honor your card. If you wish to pay for goods or services over the Internet, you may be required to 
provide card number security information before you will be permitted to complete the transaction. In addition, you may obtain cash 
advances from the Credit Union, from other financial institutions that accept your card, and from some automated teller machines 
(ATMs). (Not all ATMs accept your card.) If the credit union authorizes ATM transactions with your card, it will issue you a personal 
identification number (PIN). To obtain cash advances from an ATM, you must use the PIN issued to you for use with your card. You 
agree that you will not use your card for any transaction that is illegal under applicable federal, state, or local law. Even if you use 
your card for an illegal transaction, you will be responsible for all amounts and charges incurred in connection with the transaction. If 
you are permitted to obtain cash advances on your account, you may also use your card to purchase instruments and engage in 
transactions that we consider the equivalent of cash. Such transactions will be posted to your account as cash advances and 
include, but are not limited to, wire transfers, money orders, bets, lottery tickets, and casino gaming chips. This paragraph shall not 
be interpreted as permitting or authorizing any transaction that is illegal.  

3. PROMISE TO PAY — You promise to pay all charges (purchases, cash advances, balance transfers, use of convenience checks 
or any other charge) made to your account by you or anyone you authorize to use your account. You also promise to pay all finance 
charges and other charges added to your account under the terms of this Agreement or another agreement you made with the 
Credit Union. If this is a joint account, the paragraph on JOINT ACCOUNTS also applies to your account.  

4. PERIODIC RATES — The periodic rates applicable to purchases, cash advances, and balance transfers are disclosed on the 
Disclosure that accompanies this Agreement. Any penalty rate that may be imposed for failing to make a payment by the payment 
due date is also disclosed on the Disclosure. The rate charged on purchases, cash advances, balance transfers, and any penalty 
rate will not vary from month to month unless we notify you in advance that the rate(s) will change as required by law. If the rate for 
your account is variable, as indicated on the accompanying Disclosure, the rate charged on purchases, cash advances, balance 
transfers and any penalty rate will vary periodically as disclosed in the Disclosure accompanying this Agreement. The initial rate on 
your account for certain types of transactions may be an introductory discounted rate (Introductory Rate) that is lower than the rate 
that would ordinarily apply for that type of transaction. If an Introductory Rate applies to your account, the rates and the period of 
time it will be effective is shown on the Disclosure accompanying this Agreement. After the Introductory Rate period expires, the 
periodic rate will automatically increase to the rates that would ordinarily apply for that type of transaction based on the terms of this 
Agreement.  

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5. INTEREST CHARGES — The Calculation Method applicable to your account for Cash Advances, Balance Transfers, and Credit 
Purchases of goods and services that you obtain through the use of your card is specified on the front side of your statement and 
explained below: 
METHOD F - Your account will be assessed an INTEREST CHARGE on new Cash Advance and Balance Transfer activity from the 
transaction date or the first day of the billing cycle, whichever is later through the statement closing date. No grace period is 
provided on new Cash Advances or Balance Transfers. To avoid incurring an additional INTEREST CHARGE on the balance of 
Cash Advances and Balance Transfers reflected on your statement, you must pay the New Balance shown on your statement on or 
before the Payment Due Date. The INTEREST CHARGES for a billing cycle are computed by applying the monthly Periodic Rate to 
the average daily balance of Cash Advances and Balance Transfers, 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 of Cash Advances and Balance Transfers is 
determined by adding to the Previous Balance of Cash Advances and Balance Transfers any new Cash Advances and Balance 
Transfers as of the transaction date or the first day of the billing cycle in which posted, whichever is later, and subtracting any 
payments as received and credits as posted to your account, but excluding any unpaid INTEREST CHARGES.  
METHOD G -To avoid incurring an additional INTEREST CHARGE on the balance of Credit Purchases reflected on your statement 
and on any new Credit Purchases appearing on your next statement, you must pay the New Balance shown on your statement on 
or before the Payment Due Date. You have a 25 day grace period for repayment of the balance for purchases. The INTEREST 
CHARGES for a billing cycle are computed by applying the monthly Periodic Rate to the average daily balance of Credit Purchases, 
which is determined by dividing the sum of 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 of Credit Purchases any new Credit Purchases posted to your account 
and subtracting any payments as received and credits as posted to your account, but excluding any unpaid INTEREST CHARGES.   
6. FOREIGN TRANSACTIONS — Purchases and cash advances made in foreign currencies will be debited from your account in 
U.S. dollars. The exchange rate between the transaction currency and the billing currency used for processing international 
transactions is a rate selected by Visa from a range of rates available in wholesale currency markets for the applicable central 
processing date, which rate may vary from the rate Visa itself receives or the government-mandated rate in effect for the applicable 
central processing date. The exchange rate used on the processing date may differ from the rate that would have been used on the 
purchase date or cardholder statement posting date. A fee (finance charge), calculated in U.S. dollars, will be imposed on all foreign 
transactions, including purchases, cash advances and credits to your account. A foreign transaction is any transaction that you 
complete or a merchant completes on your card outside of the United States, with the exception of U.S. military bases, U.S. 
territories, U.S. embassies or U.S. consulates. The Foreign Transaction Fee is set forth on the Disclosure accompanying this 
Agreement.  
7. FEES — In addition to the periodic rate, the following additional fees may be imposed on your account. If applicable to your 
account, the fee amounts and explanations are disclosed on the Disclosure accompanying this Agreement. Your account may also 
be subject to additional fees as set forth on the Disclosure accompanying this Agreement.  

a. Foreign Transaction Fee ( Finance Charge). If your account is subject to a Foreign Transaction Fee (finance charge), a fee may 
be added to your account for transactions made outside of the United States or in a foreign currency. Transactions made in a 
foreign currency using a Visa branded card or processed by a network operated or affiliated with Visa will be subject to a fee as set 
forth on the Disclosure accompanying this Agreement.  

b. Late Payment Fee. You agree to pay a Late Fee if a payment equal to or greater than the minimum payment due is not  made 
within  five (5) days following the due date on your monthly statement.  

c. Returned Payment Fee. If your account is subject to a Returned Payment Fee, the fee will be added to your account when a 
payment is returned to you for any reason.  

d. Statement Copy Fee. If your account is subject to a Statement Copy Fee, except as limited by applicable law and when the 
request is made in connection with a billing error made by the credit union, a fee may be added to your account for each copy of a 
sales draft or statement that you request.  

e. Rush Fee. If your account is subject to a Rush Fee, except as limited by applicable law, a fee may be added to your account for 
each rush card that you request, providing delivery of the card is also available by standard mail service, without paying a fee for 
delivery.  

f. Card Replacement Fee. If your account is subject to a Card Replacement Fee, a fee will be added to your account as disclosed 
on the Disclosure accompanying this Agreement.  

g. Research Fee. If your account is subject to a Research Fee, a fee will be added to your account as disclosed on the Disclosure 
accompanying this Agreement.  

8. PAYMENTS — Each month you must pay at least the minimum payment shown on your statement by the date specified on the 
statement. You may pay more frequently, pay more than the minimum payment or pay the total new balance in full. If you make 
extra or larger payments, you are still required to make at least the minimum payment each month your account has a balance 
(other than a credit balance). The minimum payment is 2% of your total new balance, or $25.00, whichever is greater, plus the 
amount of any prior minimum payments that you have not made, any amount you are over your credit limit and all outstanding 
unpaid fees and charges. The Credit Union also has the right to demand immediate payment of any amount by which you are over 
your credit limit.  

Skip-A-Payment Option.  From time to time and solely at our discretion, we may allow you to skip or not make the minimum 
periodic payment for a month, provided that you meet certain established criteria. No late charges or other penalties will be imposed 
for failure to make the payment being skipped. However, when you skip such a payment, we will continue to apply finance charges 
to your outstanding balance. Your regularly scheduled payments will resume after the skipped month and your minimum monthly 
payment after the skipped month will be calculated based on the outstanding balance plus any purchases, fees (other than late 
fees), advances or transfers that occurred during the skipped month plus finance charges incurred during the skipped month. 
Currently, the Skip a Payment option is offered only twice every 12 months, but such offers may be increased or decreased at our 
discretion.  

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9. PAYMENT ALLOCATION — Subject to applicable law, your payments may be applied to what you owe the Credit Union in any 
manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum 
periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and 
any remaining portion to the other balances in descending order based on applicable annual percentage rate.  

10. SECURITY INTEREST — You grant the Credit Union a security interest under the Uniform Commercial Code and under any 
common law rights the Credit Union may have in any goods you purchase. Your Account is secured by all other shares you have in 
any individual or joint account with the Credit Union, except for shares in an Individual Retirement Account or in any other account 
that would lose special tax treatment under state or federal law if given as security. These other shares may be withdrawn unless 
you are in default under this agreement. You authorize the Credit Union to apply the balance in your individual or joint share 
accounts to pay any amounts due on your Account if you should default. Collateral securing other loans you have with the Credit 
Union may also secure this loan, except that a dwelling will never be considered as security for this account, notwithstanding 
anything to the contrary in any other agreement.  

11. DEFAULT — You will be in default if you fail to make any minimum payment or other required payment by the date that it is due. 
You will be in default if you break any promise you make under this Agreement. You will be in default if you die, file for bankruptcy or 
become insolvent, that is, unable to pay your obligations when they become due. You will be in default if you make any false or 
misleading statements in any credit application or credit update. You will also be in default if something happens that the Credit 
Union believes may substantially reduce your ability to repay what you owe. When you are in default, the Credit Union has the right 
to demand immediate payment of your full account balance without giving you notice. If immediate payment is demanded, you agree 
to continue paying finance charges at the periodic rate charged before default, until what you owe has been paid, and any shares 
that were given as security for your account may be applied towards what you owe.  

12. LIABILITY FOR UNAUTHORIZED USE-LOST/STOLEN CARD NOTIFICATION — You agree to notify us immediately, orally or 
in writing at Lake Trust Credit Union Fraud Investigation Department, 15800 N. Haggerty Rd, Plymouth,  MI 48170  or telephone 
800.325.3678, of the loss, theft, or unauthorized use of your credit card. You may be liable for the unauthorized use of your credit 
card. We may also offer your account with the benefit of the Visa Zero Liability Policy in certain circumstances, although we are not 
obligated to continue such a policy and may change or withdraw such policy at any time. Visa’s Zero Liability Policy is devised to 
provide you with protection against unauthorized Visa credit card transactions processed through the Visa network, including 
Internet and telephone purchases. If you suspect that your Visa credit card or card number has been lost or stolen, you may not be 
responsible for any unauthorized purchases if you report the theft promptly.  Specifically, upon notification from you of unauthorized 
Visa transactions, we will limit your liability for those transactions to zero, provided that we receive such notification from you within 
60 calendar days of the mailing date of the first statement showing any unauthorized Visa transactions. In evaluating your claim, we 
will consider whether gross negligence on your part has contributed to the transactions in question and there has been any such 
gross negligence we may eliminate this benefit if, based on substantial evidence, it is reasonably determined that you were grossly 
negligent or fraudulent in the handling of the card or account. Additionally, with respect to the Visa Zero Liability Policy, we will 
provide you with provisional credit for unauthorized Visa transactions within five (5) business days from receipt of notification. We 
may require written confirmation of the unauthorized Visa transactions before providing provisional credit.  

13. CHANGING OR TERMINATING YOUR ACCOUNT — As permitted by law, the Credit Union may change the terms of this 
Agreement and any attached Disclosure from time to time. Notice of any change will be given in accordance with applicable law, at 
this time the notification should arrive to you 45 days before the change is to be effective. You will have the choice to reject the 
changes in the terms of the account. If you choose to reject the changes, your account will be closed and you will no longer be able 
to use your credit card for purchases, cash advances or balance transfers. Any rewards points you have earned on your Visa 
Platinum Preferred Rewards card will be forfeited unless you redeem them before your account is closed. You will also still be 
responsible for any outstanding balances on your account, however, you may pay off your balance under your current terms. If 
permitted by law and specified in the notice to you, the change will apply to your existing account balance as well as to future 
transactions. Either you or the Credit Union may terminate this Agreement at any time, but termination by you or the Credit Union 
will not affect your obligation to pay the account balance plus any finance and other charges you owe under this Agreement. You 
are also responsible for all transactions made to your account after termination, unless the transactions were unauthorized. The 
card or cards you receive remain the property of the Credit Union and you must recover and surrender to the Credit Union all cards 
upon request or upon termination of this Agreement whether by you or the Credit Union. If this is a joint account, the paragraph on 
JOINT ACCOUNTS of this Agreement also applies to termination of the account.  

14. CHANGING OR TERMINATING AUTHORIZED USERS — Upon your request, we may issue additional cards for authorized 
users that you designate. You must notify us in writing of any termination of an authorized user's right to access your account. Your 
letter must include the name of the authorized user and your account number and/or any subaccount number issued to the 
authorized user along with the authorized user's card and any convenience or other access checks issued to the authorized user. If 
you cannot return the authorized user's card or access checks and if you request your account to be closed, we will close your 
account and you may apply for a new account.  

15. CREDIT REVIEW AND RELEASE OF INFORMATION — You authorize the Credit Union to investigate your credit standing 
when opening or reviewing your account. You authorize the Credit Union to disclose information regarding your account to credit 
bureaus and creditors who inquire about your credit standing. If your account is eligible for emergency cash and/or emergency card 
replacement services, and you request such services, you agree that we may provide personal information about you and your 
account that is necessary to provide you with the requested service(s).  

16. RETURNS AND ADJUSTMENTS — Merchants and others who honor your card may give credit for returns or adjustments, and 
they will do so by sending the Credit Union a credit slip which will be posted to your account. If your credits and payments exceed 
what you owe the Credit Union, the amount will be applied against future purchases and cash advances. If the credit balance 
amount is $1.00 or more, it will be refunded upon your written request or after six (6) months.  

17. ADDITIONAL BENEFITS/CARD ENHANCEMENTS — The Credit Union may from time to time offer additional services to your 
account, such as travel accident insurance, at no additional cost to you. You understand that the Credit Union is not obligated to 
offer such services and may withdraw or change them at any time.  

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18. MERCHANT DISPUTES — The Credit Union is not responsible for the refusal of any merchant or financial institution to honor 
your card. The Credit Union is subject to claims and defenses (other than tort claims) arising out of goods or services you purchase 
with the card if you have made a good faith attempt but have been unable to obtain satisfaction from the merchant or service 
provider, and (a) your purchase was made in response to an advertisement the Credit Union sent or participated in sending to you; 
or (b) your purchase cost more than $50.00 and was made in your state or within 100 miles of your home.  

19. JOINT ACCOUNTS — If this is a joint account, each person on the account will be individually and jointly responsible for paying 
all amounts owed under this Agreement. This means that the Credit Union can require any one of you individually to repay the entire 
amount owed under this Agreement. Each of you authorizes the other(s) to make purchases or cash advances individually. Any one 
of you may terminate the account and the termination will be effective as to all of you.  

20. EFFECT OF AGREEMENT — This Agreement is the contract which applies to all transactions on your account even though the 
sales, cash advances, credit or other slips you sign or receive may contain different terms.  

21. NO WAIVER — The Credit Union can delay enforcing any of its rights any number of times without losing them.  

22. STATEMENTS AND NOTICES — Statements and notices will be mailed to you at the appropriate address you have given the 
Credit Union. Notice sent to any one of you will be considered notice to all.  

23. SEVERABILITY AND FINAL EXPRESSION — This Agreement and the Disclosure are the final expression of the terms and 
conditions of your account. This written Agreement and Disclosure may not be contradicted by evidence of any alleged oral 
agreement. Should any part of this Agreement or the Disclosure be found to be invalid or unenforceable, all other parts of this 
Agreement and Disclosure shall remain in effect and fully enforceable to the fullest extent possible under this Agreement.  

24. COPY RECEIVED — You acknowledge that you have received a copy of this Agreement and Disclosure.  

25. INTERNET GAMBLING TRANSACTIONS PROHIBITED — You may not use your card to initiate any type of electronic 
gambling transaction through the Internet.  

26. VOLUNTARY PAYMENT PROTECTION — We may offer Voluntary Payment Protection to you. Voluntary Payment Protection 
is not necessary to obtain credit. If you purchase Voluntary Payment Protection from us, you authorize us to add the fees or 
insurance charges monthly to your loan balance and charge you interest on the entire balance. At our option we will change your 
payment or the period of time necessary to repay the loan balance. The rate used to determine the fees or insurance charges may 
change in the future. If the rate changes, we will provide any notices required by applicable law.  

27. NOTICE TO UTAH BORROWERS — This written agreement is a final expression of the agreement between you and the Credit 
Union. This written agreement may not be contradicted by evidence of any oral agreement.  

28. THE FOLLOWING IS REQUIRED BY VERMONT LAW — NOTICE TO CO-SIGNER — YOUR SIGNATURE ON THIS NOTE 
MEANS THAT YOU ARE EQUALLY LIABLE FOR REPAYMENT OF THIS LOAN. IF THE BORROWER DOES NOT PAY, THE 
LENDER HAS A LEGAL RIGHT TO COLLECT FROM YOU.  

29. NOTICE TO ALABAMA BORROWERS — CAUTION: IT IS IMPORTANT THAT YOU THOROUGHLY READ THIS 
AGREEMENT BEFORE YOU SIGN IT.  

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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:  

Lake Trust Credit Union  
15800 N. Haggerty Rd.  
Plymouth, MI 48170 

(You may also contact us on the Web: laketrust.org ) 

In your letter, give us the following information:  
1.  Account information: Your name and account number.  
2.  Dollar amount: The dollar amount of the suspected error.  
3.  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:  
>Within 60 days after the error appeared on your statement.  
> 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 [or electronically]. 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:  
1. 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.  
2. Within 90 days of receiving your letter, we must either correct the error or explain why we believe the bill was correct.  

While we investigate whether or not there has been an error:  
> We cannot try to collect the amount in question, or report you as delinquent on that amount.  
> The charge in question may remain on your statement, and we may continue to charge you interest on that amount.  
> While you do not have to pay the amount in question, you are responsible for the remainder of your balance.  
> We can apply any unpaid amount against your credit limit.  

After we finish our investigation, one of two things will happen:  
> 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.  
> 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:  

1. 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.)  
2. 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.  
3. 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 [or electronically] at:  

Lake Trust Credit Union  
15800 N. Haggerty Rd.  
Plymouth, MI 48170 
laketrust.org  

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.  

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Lake Trust Credit Union 
15800 N. Haggerty Rd.   Plymouth, MI 48170 
Fax: 734.462.8614    Telephone:  800.842.8568 

VISA PLATINUM PREFERRED  
Credit Card Account Opening Disclosures 

INTEREST RATES AND OTHER CHARGES 
Annual Percentage Rate  
(APR) for Purchases 

APR for Balance Transfers 

APR for Cash Advances 

Paying Interest  

For Credit Card Tips from the 
Federal Reserve Board 

FEES 
Set-up and Maintenance Fees 
  Card Replacement 

Transaction Fees 
  Balance Transfer Processing  
  Cash Advance Processing 
  Foreign Transaction 

Penalty Fees 
  Late Payment 
  Returned Payment Fee 

Other Fees 
  Statement Copy Fee 
  Rush Fee 
  Stop Payment Fee 
  Research Fee 
  Sales Draft Copy Fee 

8.75% - 18.75% when you open your account, based on your 
creditworthiness 
     After that, your APR will vary with the market based on the Prime Rate. 
11.75% - 21.75% when you open your account, based on your 
creditworthiness.  
     This APR will vary with the market based on the Prime Rate. 
11.75% - 21.75% when you open your account, based on your 
creditworthiness. 
     This APR will vary with the market based on the Prime Rate. 
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. We will begin charging interest on cash advances and 
balance transfers on the transaction date. 
To learn more about factors to consider when applying for or using a credit card, visit the 
website of the Federal Reserve Board at http://www.federalreserve.gov/credit card 

$25  

2% of the balance transfer amount (minimum $5; maximum $50) 
2% of the cash advance amount (minimum $5; maximum $50) 
1% of each foreign currency transaction in U.S. dollars 

Up to $35 
Up to $25 per returned payment 

$2 per statement 
$20 per card 
$28 per request 
$20 per hour, minimum of one (1)  hour 
$5 per sales draft 

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. 

Collection Costs. You promise to pay all costs of collecting the amount you owe under this Agreement to the extent permitted by state law.  

Periodic Rates. Visa Platinum Preferred  
The Purchase APR is 8.75% - 18.75% which is a monthly periodic rate of 0.7292% - 1.5625%.  
The Cash Advance APR is 11.75% - 21.75% which is a monthly periodic rate of 0.9792% - 1.8125%.  
The Balance Transfer APR is 11.75% - 21.75% which is a monthly periodic rate of 0.9792% - 1.8125%.  

Variable Rate. The ANNUAL PERCENTAGE RATE is subject to change on the first day of the billing period following the month in which the rate is 
calculated to reflect any change in the Index and will be determined by the Prime Rate on the 3rd Tuesday of March, June, September, and December 
of each year as published in The Wall Street Journal "Money Rates" table to which we add a margin. The ANNUAL PERCENTAGE RATE will never be 
greater than 23.99%. Any increase in the ANNUAL PERCENTAGE RATE will take the form of additional payments shown as Total Minimum Payments 
on the statement. If the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.  

Margin.  
Purchases will be charged at 5.50%-15.50% above the Index.  
Cash advances will be charged at 8.50%-18.50% above the Index.  
Balance transfers will be charged at 8.50%-18.50% above the Index.  

Effective 08.22.10 

VARPLT0A-E 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Lake Trust Credit Union 
15800 N. Haggerty Rd.   Plymouth, MI 48170 
Fax: 734.462.8614   Telephone:  800.842.8568 

VISA PLATINUM PREFERRED WITH REWARDS 
Credit Card Account Opening Disclosures 

INTEREST RATES AND OTHER CHARGES 

Annual Percentage Rate 
(APR) for Purchases 

APR for Balance Transfers 

APR for Cash Advances 

Paying Interest  

10.75% - 20.75% when you open your account, based on your 
creditworthiness.  
     After that, your APR will vary with the market based on the Prime Rate. 
13.75% - 23.75% when you open your account, based on your 
creditworthiness. 
     This APR will vary with the market based on the Prime Rate. 
13.75% - 23.75% when you open your account, based on your 
creditworthiness. 
     This APR will vary with the market based on the Prime Rate. 
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. We will begin charging interest on cash advances and 
balance transfers on the transaction date. 

For Credit Card Tips from the 
Federal Reserve Board 

To learn more about factors to consider when applying for or using a credit card, visit the 
website of the Federal Reserve Board at http://www.federalreserve.gov/credit card 

FEES 
Set-up and Maintenance Fees 
  Card Replacement 
Transaction Fees 
  Balance Transfer Processing  
  Cash Advance Processing 
  Foreign Transaction 

Penalty Fees 
  Late Payment 
  Returned Payment Fee 
Other Fees 
  Statement Copy Fee 
  Rush Fee 
  Stop Payment Fee 
  Research Fee 
  Sales Draft Copy Fee 

$25  

2% of the balance transfer amount (minimum $5; maximum $50) 
2% of the cash advance amount (minimum $5; maximum $50) 
1% of each foreign currency transaction in U.S. dollars 

Up to $35 
Up to $25 per returned payment 

$2 per statement 
$20 per card 
$28 per request 
$20 per hour, minimum of one (1)  hour 
$5 per sales draft 

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. 

Collection Costs. You promise to pay all costs of collecting the amount you owe under this Agreement to the extent permitted by state law.  

Periodic Rates. Visa Platinum Preferred with Rewards 
The Purchase APR is 10.75% - 20.75% which is a monthly periodic rate of 0.8958% - 1.7292%.  
The Cash Advance APR is 13.75% - 23.75% which is a monthly periodic rate of 1.1458% - 1.9792%.  
The Balance Transfer APR is 13.75% - 23.75% which is a monthly periodic rate of 1.1458% - 1.9792%.  

Variable Rate. The ANNUAL PERCENTAGE RATE is subject to change on the first day of the billing period following the month in which the rate is 
calculated to reflect any change in the Index and will be determined by the Prime Rate on the 3rd Tuesday of March, June, September, and December 
of each year as published in The Wall Street Journal "Money Rates" table to which we add a margin. The ANNUAL PERCENTAGE RATE will never be 
greater than 23.99%. Any increase in the ANNUAL PERCENTAGE RATE will take the form of additional payments shown as Total Minimum Payments 
on the statement. If the Index is no longer available, the Credit Union will choose a new index which is based upon comparable information.  

Margin.  
Purchases will be charged at 7.50%-17.50% above the Index.  
Cash advances will be charged at 10.50%-20.50% above the Index.  
Balance transfers will be charged at 10.50%-20.50% above the Index.  

Effective: 08.22.10 

VARREW0A-E