VARIABLE RATE CREDIT CARD 
AGREEMENT AND DISCLOSURES

                                                                                               CONTENTS: 

Agreement Information
Terms ............................................................................................ p.1 
Pledge of Shares and Security Interest ......................................... p.1 
Security Agreement ...................................................................... p.1 

Use of the Account 
1. Using Your Account ................................................................... p.1 
2. ATM Access ............................................................................... p.1 
3. Maximum Credit Limit .............................................................. p.2 
4. Finance Charges ........................................................................ p.2 
5. Convenience Checks .................................................................  p.2
6. Foreign Currency/ Cross Border Transactions ...........................  p.3 
7. Merchant Disputes ...................................................................  p.3
8. Illegal Transactions ...................................................................  p.3
9. Your Liability .............................................................................  p.3

Billing Information 

10. Balance Transfers .................................................................... p.4
11. Monthly Statement ................................................................. p.4
12. Minimum Payment Due .......................................................... p.4
13. Fees ......................................................................................... p.4
14. Promotional Rate Finance Charges ......................................... p.4
15. Returns, Adjustments, Credit Balances ................................... p.4

Payment Information 
16. Payments ................................................................................  p.5
17. Automatic Payment Option ....................................................  p.5
18. Skip Payment Option ..............................................................  p.5

Default and Collections 
19. Default ....................................................................................  p.5
20. Collection Costs ......................................................................  p.5

Other Provisions 
21. Change of Name, Address, or Employment ...........................  p.5
22. Updating and Disclosing Financial Information ......................  p.5
23. Correcting a Credit Report ...................................................... p.6
24. Closing Your Account ..............................................................  p.6
25. Changing this Agreement .......................................................  p.6
26. Delay in Enforcement/ Waivers ...............................................  p.6
27. Additional Benefits/ Card Enhancements ................................ p.6
28. UChoose Rewards® ................................................................. p.6
29. Overdraft Protection ............................................................... p.6
30. Additional Terms of Agreement .............................................. p.7
31. Automatic Billing Updater ......................................................  p.7

Your Billing Rights ..................................................................  p.8

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

THIS IS YOUR AGREEMENT AND DISCLOSURE STATEMENT WITH SOUTH CAROLINA FEDERAL 
CREDIT UNION. PLEASE READ IT CAREFULLY AND KEEP IT FOR YOUR RECORDS. IT 
SUPERSEDES ALL PRIOR AGREEMENTS AND DISCLOSURE STATEMENTS RELATING TO YOUR 
ACCOUNT. YOU DO NOT HAVE TO SIGN THIS AGREEMENT. YOUR AGREEMENT TO ALL OF 
THESE PROVISIONS, AS AMENDED FROM TIME TO TIME INCLUDING THE CARD ISSUED BY US, 
WILL BE SHOWN BY YOUR APPLICATION FOR THE CARD, YOUR ACCEPTANCE OF THE CARD, 
OR YOUR USE OF THE CARD, WHICHEVER OCCURS FIRST.

Terms. In this Agreement, the word "Card" means either one or more MasterCard® credit cards or any duplicates, 
renewals or substitutions we issue. The words, "you," "your," and "yours" mean all cardholders (borrowers and co-
borrowers); anyone any cardholder permits to use the Card(s); as well as any authorized user for whom an additional 
Card(s) is issued to the extent of their purchases, balance transfers, and cash advances, as well as transactions by 
anyone they permit to use the Card(s). The word "cardholder" means any applicant or co-applicant to whom a Card 
is issued by us. The words, "Credit Union," "we," "us," "our," and "South Carolina Federal" mean South Carolina 
Federal Credit Union. The words "Convenience Checks" mean one or more checks that we may send to you to 
access your Credit Card Account.

Pledge of Shares and Security Interest. BY SIGNING AN APPLICATION, ACCEPTANCE OR AUTHORIZED 
USE OF ANY CREDIT CARDS, YOU GRANT AND PLEDGE A CONSENSUAL LIEN TO US ON ALL SHARES TO 
SECURE PAYMENT OF YOUR OBLIGATIONS ON THIS ACCOUNT. IN ADDITION, YOU ACKNOWLEDGE OUR 
STATUTORY LIEN RIGHTS UNDER THE FEDERAL CREDIT UNION ACT; YOU AGREE THAT SUCH A LIEN IS 
IMPRESSED AS OF THE DATE THAT THIS ACCOUNT IS OPENED; AND YOU AGREE THAT WE CAN APPLY 
THE SHARES PLEDGED AT THE TIME OF ANY DEFAULT ON THIS ACCOUNT WITHOUT FURTHER NOTICE. 
"Shares", for the purpose of your pledge to secure your obligations to the Credit Union, means all deposits 
in any share savings, share draft, club, certificate, P.O.D., revocable trust or custodial account(s), whether 
jointly or individually held -- regardless of contributions that you have on deposit now or in the future. Your 
pledge does not include any I.R.A., Keogh, tax escrow, irrevocable trust or fiduciary account in which you do 
not have a vested ownership interest. Military Lending Act Partial Exception: If you or your dependents are 
expressly covered and entitled to the protections provided by the Military Lending Act, then NO PLEDGE OF 
SHARES OR LIEN ON SHARES APPLIES EXCEPT FOR A SHARED SECURED CREDIT CARD FOR WHICH 
YOU EXECUTE A SEPARATE SECURITY AGREEMENT. Any provisions of the Agreement (below) that 
address the items expressly excepted in any section to the contrary also do not apply to such Loans.

Security Agreement: "Non-Purchase-Money Security Interests" Payments on your Account are secured by any 
security interest in any property securing your other obligations to the Credit Union, whether existing now or in the 
future, except your household goods and your primary residence. "Purchase-Money Security Interests" You hereby 
grant Credit Union security interest in all property purchased/acquired by you or any authorized user pursuant to the 
use of this Account, including a purchase-money security interest in any household goods purchased/acquired with 
an extension of credit upon this Account. These Purchase-Money Security Interests shall secure faithful performance 
of all obligations arising under this Agreement; and the Credit Union shall have all of the rights of a secured party in 
accordance with Article Nine of the Uniform Commercial Code and/or other applicable law.

1. Using Your Account. You can purchase or lease goods and services ("Purchases") from any merchant who 
honors your Card up to your maximum credit limit by presenting your Card and signing a sales receipt or writing a 
Convenience Check for the amount of the Purchase. You may also use the Card to obtain Cash Advances up to your 
maximum credit limit from financial institutions that accept the MasterCard credit card, and by use of preprinted 
Convenience Checks that the Credit Union may issue to you. You authorize us to honor any Purchase or Cash 
Advance you make by telephone, internet or mail on this account. You agree that a signature is not necessary as 
identification in such cases. You agree not to present your Card, obtain a Cash Advance or write a Convenience 
Check for any extension of credit in excess of your available Credit Limit (the difference between your outstanding 
balance and your maximum credit limit) on your account. Certain purchases and cash advances require authorization 
prior to completion of the transaction. In some cases, you may be asked to provide identification. If our system is not 
working, we may not be able to authorize a transaction, even though you have sufficient credit available. Also, for 
security reasons, we may block the use of your Card in certain countries or geographic areas. We will have no 
liability to you or others if any of these events occur.

2. ATM Access. If you have received a personal identification number (PIN), you may use your Card and PIN to 
obtain Cash Advances at any ATM that accepts your Card. Except as otherwise provided in this Agreement, 
advances through ATM access will be treated as Cash Advances under this Agreement. Your PIN is confidential and 
should not be disclosed to anyone. You agree not to write your PIN on your Card, you will not keep your Card and 
PIN together, and you will not provide your PIN to anyone who is not an authorized user. Owners of ATMs that we do 
not own may charge fees in addition to any fees disclosed in this Agreement or other Credit Card Disclosures that 
you receive. Any fees that we charge or that others charge for this service will be added to your account. The party 
charging the fee is required to provide appropriate disclosures to you with regard to any such fees. 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

3. Maximum Credit Limit. Your Maximum Credit Limit will appear on the folder in which you receive your Card 
and on your monthly statement. The credit limit is based on your creditworthiness and our underwriting standards. At 
our discretion, we may change your credit limit at any time, and may provide separate limits for purchases and for 
cash advances. We will notify you if we do, either by mail or through your monthly billing statement. You may request 
a change to your credit limit by contacting the Credit Union by telephone or mail. Your continued use of the card will 
show your agreement to any such increase. If you object to an increase in your credit limit, you must notify the Credit 
Union in writing. Upon receipt of such notice, your credit limit will be reduced to its prior limit; however, you will be 
responsible to pay any amounts by which you have exceeded the reduced limit. You agree to pay any amounts you 
owe that exceed your maximum credit balance upon demand. You agree we are not obligated to extend to you credit 
for any amount that would cause your outstanding balance to exceed your Maximum Credit Limit, or for any amount 
if your outstanding balance already exceeds your Maximum Credit Limit. Any increase in your Maximum Credit Limit 
requested by you will require you to make a new application for our approval. In assessing your credit limit under the 
provisions in this Section (either at our discretion or upon request): (a) we may and you authorize us to review your 
credit history, including consumer credit reports; (b) you authorize us to have this review made by third parties to 
determine whether you meet the criteria we have set for such an increase; and (c) this process shall not be pre-
screening under the Fair Credit Reporting Act or other applicable laws or regulations based on our existing 
relationship and this Agreement. ATM and Over-the-Counter Cash Advance Limits. Advances at authorized ATM's 
are limited to a total of $500.00 during any 24-hour period. Over-the Counter cash advances are limited to three per 
day and based on your credit limit.

4. Finance Charges. You agree to pay the FINANCE CHARGE on your account. A FINANCE CHARGE computed 
on a monthly periodic rate ("MPR") will begin to accrue for new Purchases, if you do not pay the New Balance in full 
within 25 days after the billing date of the statement on which the new Purchases first appear according to the Grace 
Period above. For Cash Advance(s) and Balance Transfer(s), a FINANCE CHARGE computed on a monthly periodic 
rate ("MPR") will begin to accrue on the transaction date. For purchases (except as provided above), a FINANCE 
CHARGE computed on an MPR will begin to accrue on the transaction date or the first day of the billing cycle, 
whichever is later. FINANCE CHARGES on Cash Advance(s), Balance Transfer(s) and Purchases will continue to be 
imposed until you have paid any outstanding balance in full. The Credit Union calculates the FINANCE CHARGE as 
follows:
        a. The FINANCE CHARGE will be figured by applying the monthly periodic rate to the average daily            
               balance of Purchases, Balance transfers,  and Cash Advances. Your Annual Percentage Rate (APR) is          
               determined based on your creditworthiness and will be provided to you separately either in writing or    
               electronically at the time your credit card is approved.

Platinum Rewards Card

Platinum Cash Rewards Card

APR = Prime + Margin

APR = Prime + Margin

Prime Rate + 5.00%

Prime Rate + 7.00%

Prime Rate + 7.00%

Prime Rate + 9.00%

Prime Rate + 9.00%

Prime Rate + 11.00%

Prime Rate + 14.65%

Prime Rate + 14.65%

 Rates are variable and subject to change. Maximum APR is 18%. Your ANNUAL PERCENTAGE RATE
 (APR) will be calculated by adding an margin from above to the Prime rate as correctly published in the Wall 
 Street Journal as of the Wednesday immediately preceding the billing cycle. The Credit Union may adjust the 
 rate once each month effective the first day of the billing cycle. APR changes will reflect on the following 
 month’s statement.

 b. To get the total average daily balance on your Account, we take the beginning balance of your Account each
     day, add any new Purchases and Cash Advances, unpaid Finance Charges, current late payment fees,and  
     other fees, and subtract any payments or credits. This is your daily balance. Then we add up all the daily 
     balances for the billing cycle and divide that total by the number of days in the billing cycle. This gives you 
     the average daily balance. This determines the balance subject to the FINANCE CHARGE.

5. Convenience Checks. Any individual cardholder or authorized user can use your Convenience Checks to 
purchase goods and services or to obtain cash up to the amount of your available credit limit. Credit Union will treat 
Convenience Checks as Cash Advances and will charge them against your credit limit. Credit Union may decline to 
honor a Convenience Check if you are over your credit limit, you are in default, your account privileges have been 
canceled, or your Card has expired. If we decline to honor a Convenience Check, Credit Union may charge you a 
fee, which the Credit Union will add to your account balance. Convenience Checks may be used only by the person 
whose name is printed on them. You may not use Convenience Checks to pay any amount you owe the Credit Union 
under this or any other credit agreement with the Credit Union. Credit Union will not certify any Convenience Checks, 
nor will the Credit Union return paid Convenience Checks to you. It is in the Credit Union's sole discretion to issue 
Convenience Checks to any member. 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

Stopping payment of a Convenience Check. You may ask us to stop payment of a convenience check by calling 
us at (800) 845-0432. You may be charged a stop payment fee/a stop payment fee may be added to your account 
balance. Your stop payment request will be effective permanently. We will use commercially reasonable efforts to 
stop payment on your convenience check. However, you agree that convenience checks are credit transactions; and 
that we will not be responsible in any way if the convenience check that you have requested us to stop payment on is 
cashed or otherwise presented for payment and, using commercially reasonable efforts, we are unable to stop 
payment. You agree that the UCC does not apply to a convenience check.

6. Additional Charges for Transactions in a Foreign Currency and "Cross-Border" Transactions.
Currency Conversion Fee: If you effect or authorize a transaction with your access device in a currency other than 
US Dollars, MasterCard will convert the charge into a US Dollar amount. The MasterCard currency conversion 
procedure includes use of either a government mandated exchange rate, or a wholesale exchange rate selected by 
MasterCard, as applicable. The exchange rate MasterCard uses will be a rate in effect on the day the transaction is 
processed. This rate may differ from the rate in effect on the date of the purchase or the date the transaction was 
posted to your account. A Currency Conversion Fee of up to 1% will be applied to transactions that are converted 
from foreign currencies to U.S. dollars. Cross-Border Transaction Fee: In addition, MasterCard charges us a 
Cross-Border Assessment up to 1% on each transaction on all cross border transactions regardless of whether there 
is a currency conversion. For purposes of this Section, "cross-border transaction" shall include both (a) transactions 
initiated in a foreign country, which are subsequently settled in the United States, and (b) transactions initiated in the 
United States but are ultimately settled in a country outside of the United States. The Credit Union will assess these 
fees to you to reimburse it for the fee it is required to pay for each of your transactions subject to these terms. The 
Cross-Border Transaction fee(s) will be shown separately on your periodic billing statement(s). The Currency 
Conversion Fee, if it applies to the transaction, will be included in the transaction amount posted on your statement.

7. Merchant Disputes. The Credit Union is not responsible for the refusal of any merchant or financial institution to 
honor your Card except as set forth in the Special Rules for Credit Card Purchases set forth at the end of this 
Agreement.

8. Illegal Transactions. You warrant and agree that your Credit Card, other access device or any related 
account will not be used to make or facilitate any illegal transaction(s) as determined by applicable law; and 
that any such use, including any such authorized use, will constitute an event of default under this 
Agreement. Certain federal and/or state laws or Card Service Providers’ Rules may limit or prohibit certain 
transactions such as (but not limited to) those coded as possible gambling transactions. The Credit Union 
may decline to accept, process or pay any transaction that we believe to be illegal or unenforceable 
(regarding your obligation to pay us or otherwise) under applicable law; or which is otherwise limited or 
prohibited, including but not limited to any transaction involving or relating to any gambling activity. Such 
prohibition or limitations may affect some otherwise proper or allowable transactions such as charges 
incurred at a hotel-casino. You understand and agree such limitations/prohibitions are not within the Credit 
Union’s control and that the Credit Union will not have any liability, responsibility or culpability whatsoever 
for any such use by you or any authorized user(s); or for declining to accept, process, or pay any such 
transaction. You further agree to indemnify and hold the Credit Union harmless from any suits, liability, 
damages or adverse action of any kind that results directly or indirectly from any such use of your account 
and/or access devices.

9. Your Responsibility and Liability for Unauthorized Use and Lost or Stolen Cards or 
Convenience Checks. If your Card or Convenience Checks are lost or stolen, or if you suspect someone used or 
may use them without your permission, you must notify the Credit Union at once by calling 1-855-325-0904 or writing 
Credit Card Services-PO Box 182477-Columbus, OH 43272-4935. If notice is given orally, you will promptly confirm it 
in writing. The Credit Union may require you to provide us certain information in writing to help us investigate any 
unauthorized use. Further, you agree to cooperate and assist us or any government or law enforcement agent or 
agency in investigating, collecting or pursuing any other rights (civil and criminal) relating to any unauthorized use. In 
this regard, you agree to file an appropriate police report when asked to do so. Do not use the Card or the 
Convenience Checks after you have notified the Credit Union, even if you find them or have them returned to you.

You are liable for all transactions that you authorize. 

No Liability: You will have no liability for unauthorized use of your Card, Convenience Checks, or other Access 
Devices for transactions if the following conditions are met: (1) you have used reasonable care in protecting your 
card from loss or theft; and (2) you have promptly reported to your financial institution when you knew that your 
Mastercard was lost or stolen.

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

10. Balance Transfers. Balance transfers may not be used to repay existing South Carolina Federal Credit Union 
loan products. If you transfer a balance form another issuer/merchant, continue to make your monthly payments to 
the issuer/merchant until you receive a statement from the issuer/merchant reflecting the balance transfer payment. 
If your balance transfer request exceeds your credit limit, we will process an amount less than your requested 
amount. 

11. Monthly Statement. We will send you a monthly billing statement whenever there is activity on your account. 
Your monthly statement will show information concerning your account as required by law. Such information may 
include but is not limited to purchase and cash advance transactions, credit limit, etc. 
E-Statements: You will be sent a notice via e-mail that will direct you to a site we maintain or cause to be maintained 
where you may access, review, print and otherwise copy/ download your periodic statements using procedures that 
we authorize. E-mails from us will be sent to the e-mail address provided by any owner to the last known e- mail 
address provided. You agree to notify us promptly of any change of your e-mail address. If you have not notified us 
of any change of your e-mail address, you agree that your failure to provide us with a valid e-mail address is the lack 
of ordinary care on your part. If we become aware that you are not receiving e-mail, we may restrict your access to 
these services until you provide us with the correct e-mail address and you may be converted to paper documents.

12. Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly 
installments. If you do not pay your balance in full, you agree to pay at least a minimum payment of 2.5% of your 
New Balance (rounded to the nearest whole dollar) or $10.00, whichever is greater at the end of each statement 
period. If the New Balance shown on your periodic statement is $10.00 or less, you agree to pay this amount. Unless 
the Credit Union takes other action as a result of a default under this Agreement, the Minimum Payment Due will also 
include any amount that is past due and any amount by which your new balance exceeds your credit limit. Payments 
and credits will be applied first to pay billed but unpaid finance charges; late charges, and other fees or charges 
provided for herein; and next to unpaid cash advances; and then to your unpaid purchase balance. The "Payment 
Due Date" will be shown on your periodic statement. 
Grace Period: Grace period for repayment of the balance for purchases is approximately 25 days from the close of 
the billing cycle. See your statement for billing cycle date.

13. 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 Credit Card Disclosure accompanying this 
Agreement. 
      a. Expedited Payment Fee. You may be charged a fee for expedited payments made via telephone to a Credit 
          Union Representative. Fees are not assessed for payments made by mail, electronic transfer, or telephone 
          authorization through an automated service. Ask us for applicable fee amount. 
      b. Late Payment Fee. Credit Union will charge your account a late payment fee for each billing period in which 
          your minimum payment is not received within five (5) days of your payment due date. This fee may be added    
          to your account balance, or collected from you on demand. 
      c. Returned Payment or Insufficient Funds Fee. Credit Union will charge your account a fee if your payment 
          by any method, including check, electronic transfer, home banking transaction or otherwise, is not honored, or  
          if we must return it to you because it cannot be processed for any reason. This fee may be added to your          
          account balance, or collected from you on demand. 
      d. Charge for Copies, Research and Card Replacement. If you ask for a copy of any document, such as a 
          sales draft, Convenience Check, or billing statement, a charge may be imposed for the time it takes to          
          research and locate the document. However, no charge will be imposed in connection with any actual or          
          asserted billing error. We may charge a fee to replace a card.
       e. Balance Transfer Fee. You may be charged a fee for balance transfers. This fee may be added to your          
           account balance, or collected from you on demand. 

14. Promotional Rate Finance Charges. From time to time and in our sole discretion we may offer a special 
rate applicable to certain transactions such as particular purchases (as defined by us), balance transfers, or cash 
advances. Applicable terms and conditions will be disclosed at the time any such promotion is offered, and are 
incorporated into this Agreement by reference. The promotional rate will apply only to the transactions and for the 
period of time set forth in any such offer from us. Existing balances and new purchases or advances not expressly 
subject to any such promotion will remain governed by the terms and conditions of this Agreement. In addition, the 
terms and conditions of this Agreement will govern your obligations regarding any unpaid balance or transactions 
that are made subject to any such promotional offer, that are not fully paid within the time period
set forth in such promotional offer.

15. Returns, Adjustments, Credit Balances. 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 transaction, 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 automatically after six months by transferring the amount to your share savings account or 
mailing a check (only upon request) payable to the order of any cardholder to the statement mailing
address.

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

16. Payments. You will be jointly and severally liable and agree to pay the Credit Union for all charges (purchases, 
cash advances, finance charges, and other charges added to your Account under the terms of this or any other 
agreements with us) extended to you or anyone else using any Card issued for your account, unless the use of such 
Card is by a person other than you, who does not have actual, implied or apparent authority for such use and from 
which you receive no benefit. Authority includes, but is not limited to, any authorized users permitting another person 
to use any Card(s). Further, all users are obligated to us for all charges they make, authorize, or permit.
The Credit Union can accept late or partial payments as well as payments that are marked with "paid in full" or other 
restrictive endorsements, without losing any of our rights under this Agreement. You must pay the Credit Union in 
U.S. dollars drawn on funds on deposit in the United States. If you make payment with other currencies or from an 
institution domiciled outside the United States, then your payment will not be credited until the funds have been 
collected by us in U.S. dollars. 
Unless otherwise required by specifically applicable laws, for payments received by mail by 5:00 PM EST, your 
payment will be effective that day; and for payments made in any other manner, including in person, your payment is 
effective the date received.
To protect you and us, the Credit Union, in its sole discretion, may place a temporary freeze on all or part of 
the credit available to you for new purchases or cash advances under this agreement any time the Credit 
Union receives a large payment ($4,800.00 or more) by any method. In such cases, the Credit Union may 
freeze your credit line until payment is actually collected or verified.

17. Automatic Payment Option. If you requested the Automatic Payment Option in your Application, all Minimum 
Payments due will automatically be deducted from your designated account on your Payment Due Date. If your 
designated account does not contain sufficient funds, no automatic deduction will be made; we will bill you for the 
Minimum Payment Due; and your account will be charged an insufficient funds fee and you will be responsible for 
making the payment by some other means.

18. Skip Payment Option. At our option, we may offer you the opportunity to not make ("skip") a minimum 
payment during certain designated billing cycles ("skip payment period"). If you do not make your minimum payments 
as provided in this Agreement, during such designated billing cycles, you understand that we will continue to apply 
finance charges to your account. Beginning with the billing cycle following an allowed skip payment period, all other 
provisions of this Agreement will apply.

19. Default. You will be in default if: (a) you fail to pay the Minimum Payment Due by the Payment Due Date; (b) the 
Credit Union, in its sole discretion, feels insecure (For example: Our good faith belief that your ability to pay your 
account is impaired; use of your account in any manner or in any way that may expose the Credit Union to a risk of 
loss; etc.); (c) your ability to repay is materially reduced by a change in your employment, by an increase in your 
obligations, by bankruptcy or insolvency proceedings involving you, by your death, or (for community property state 
residents only) by a change in marital status or domicile; (d) you exceed your credit limit without our permission; (e) 
you have made a false or misleading statement to us in your application or otherwise; (f) you are in default under any 
other agreement with us; (g) if you use or authorize the use of any Card(s) to make or facilitate any illegal transaction; 
or (h) you fail to perform any of your other obligations under the terms of this Agreement as it may be amended from 
time to time. Upon default we may close your Account to future purchases and advances and, to the extent not 
prohibited by Governing Law, demand immediate payment of your entire Account balance, after giving you any notice 
and opportunity to cure the default if required by applicable law. The Credit Union's sole obligation hereunder with 
regard to determining and declaring an event of default is the exercise of "good faith," based on its subjective 
understanding of applicable facts. We shall also have the right to close your account and terminate access privileges 
where your account is inactive for such periods of time as we may from time-to-time determine to be appropriate for 
protecting both our and your interests.

20. Collection Costs. You agree to pay all costs incurred by the Credit Union in collecting any amounts you owe or 
in enforcing or protecting the Credit Union's rights under this Agreement, including attorneys' fees of 20% of the 
unpaid balance or such greater sum as may be reasonable, and also those costs, expenses and attorneys' fees 
incurred in any appellate, bankruptcy and post-judgment proceedings, except as limited or prohibited by applicable 
law.

21. Change of Name, Address or Employment. You will notify the Credit Union immediately in writing if your 
name, home address, email address, telephone number, or employment changes.

22. Updating and Disclosing Financial Information. We may report your performance under this Agreement 
to consumer reporting agencies and secure follow-up consumer reports on you for any legitimate business reason, 
including if you fail to make your minimum payments on time. We can reinvestigate and reevaluate any information 
you provide on your MasterCard Application at any time, and in the course of doing so, we may ask you to provide 
additional information, request credit bureau reports and/or otherwise verify your current credit standing. 
Access to Account Information:You agree that all borrowers and authorized users will have access to information 
regarding transactions on your account, including but not limited to purchases and cash advances, account balances, 
account history, payments and other information relating to or arising with regard to this account or any transaction.

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

23. Correcting the Credit Union's Credit Report. If you think the Credit Union reported erroneous information 
about you to a consumer reporting agency, call the Credit Union at the telephone number listed on your monthly 
billing statement. Credit Union will promptly investigate the matter, contact each consumer reporting agency whose 
records may reflect an error and require them to correct your report if its investigation decides that you were correct. If 
Credit Union disagrees with you after the investigation, Credit Union will advise you, in writing or by phone, and 
instruct you how to submit to those agencies a statement of your position that will become a part of your consumer 
record with them. The instructions will include the name, address, and phone number of each such agency, along with 
other pertinent information.

24. Closing Your Account. Any individual cardholder without the consent of other cardholders may close your 
Account at any time by notifying us in writing as indicated in this Agreement. Credit Union may close your account or 
suspend your Card privileges or Convenience Checks at any time without prior notice. Credit Union may also reissue 
a different Card or different checks at any time. You must return the Card or the Convenience Checks to the Credit 
Union upon request. You agree that the Card and all Convenience Checks remain the property of Credit Union. Each 
Card we issue will have an expiration date. Upon expiration of your Card your account will automatically terminate; or 
the Credit Union, in its sole discretion, may extend your Agreement and issue a new card with a new expiration date. 
If your account is closed, expires or your credit privileges are terminated or suspended, you will remain responsible 
for paying all amounts you owe us according to the terms of this Agreement. Without limiting the foregoing, the Credit 
Union has the right to terminate your line of credit and to demand the return of all cards, access checks and other 
access devices if the Credit Union, in its sole discretion, feels that it is insecure for any reason whatsoever; including 
but not limited to mismanagement of your account, failing to safeguard any access device, creation of any credit 
balances by you that may increase the risk of loss or exposure of the Credit Union or failing to cooperate with the 
Credit Union or others with regard to any claim of unauthorized use or any other defense to payment under applicable 
law.

25. Changing This Agreement. The Credit Union may change the terms of this Agreement, including the Annual 
Percentage Rate, at any time. Except where limited by applicable law, the new terms, including, but not limited to, 
increasing the finance charge or the way the Credit Union calculates finance charges, late charges, and the minimum 
payment due, will apply both to new purchases and cash advances and to the existing outstanding balance of your 
account as of the day of the change. We reserve the right to refuse to honor any request for credit, to reduce your 
credit limit or terminate your account at any time using our sole discretion, based on changes in the economy, the 
Credit Union's financial condition, your creditworthiness, or for any other reason not prohibited by law. In accordance 
with applicable law, the Credit Union will notify you of any increased charge or change by writing to you at the most 
recent address shown for you on the Credit Union's records.

26. Delay in Enforcement/Waivers. The Credit Union may delay or waive enforcement of any of the provisions 
of this Agreement, including any agreement to make timely payments, without losing its right to enforce the same 
provision later or any other provisions of this Agreement. You waive the right to receive notice of any waiver or delay 
or presentment, demand, protest or dishonor. You also waive any applicable statute of limitations to the full extent 
permitted by law and any right you may otherwise have to require the Credit Union to proceed against any person 
before suing you to collect.

27. Additional Benefits/Card Enhancements. The Credit Union may from time to time offer additional services 
to your Account, such as travel accident insurance, purchase rewards or rebates at no additional cost to you. You 
understand that the Credit Union is not obligated to continue or to offer such services and may withdraw or change 
them at any time. If these benefits are withdrawn prior to any accrued use by you, the Credit Union will have no 
obligation to provide the benefit or enhancement, or any other compensation or consideration.

28. UChoose Rewards®. For Mastercard Platinum Rewards Cards, UChoose Rewards points may be earned 
simply by enrolling in UChoose Rewards and using your South Carolina Federal MasterCard® credit card. Log on to 
UChoose Rewards at www.UChooseRewards.com to enroll and learn more about earning points, balance 
information, and to discover all the options for redemption to include merchandise, travel, gift cards and more. For 
Mastercard Platinum Cash Rewards Cards, UChoose cash rewards will automatically be earned on all net 
purchases, and cash rewards can be redeemed at www.UChooseRewards.com. UChoose Rewards points or cash 
rewards will not be earned on cash advances or balance transfers.

29. Overdraft Protection. You can choose to link your Credit Card to your Checking account for overdraft 
protection. To do this, you must notify us to select this option and inform us of the order in which you want your credit 
card to act as an overdraft source. Overdraft advances will be treated as a cash advance as outlined in the Finance 
Charges section with interest accruing from the date of the overdraft advance and will not earn UChoose Rewards 
points. If you have multiple account owners or authorized signers on your checking account, you will be responsible 
for all advances, including interest and charges from your credit card to cover overdrafts regardless of who initiates 
the transaction that causes the overdraft. Overdraft advances will transfer funds to your checking account in the 
amount needed to cover the transaction if your credit card is in good standing and the credit available is sufficient. 
Overdraft advances may occur that cause you to exceed your credit limit. If this occurs, you agree to pay the over 
limit amount along with any applicable payment amount.

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

30. Additional Terms of Agreement. To the extent not prohibited by applicable law, the terms, interpretation and 
enforcement of any claim or dispute arising under this Agreement, as well as all parties’ rights and duties, will be 
governed by South Carolina law regardless where you may reside or use your account. Further, this Agreement is the 
contract which governs all transactions on your Account even though sales, cash advances, credit or other slips may 
contain different terms. You may not transfer or assign your account or Card to any other person. The Credit Union 
may assign or transfer this Account, your Account balance, or this Agreement to another person, who will have all of 
our rights hereunder. This Agreement is binding on your heirs and legal representatives. If there are joint borrowers, a 
guarantor or authorized users for this credit plan, each of you will have the right to use the Account to obtain loans 
pursuant to the terms hereof. Any one applicant, guarantor, or authorized users elections, transactions and 
directions to the Credit Union shall be binding upon all obligors. Each of you will be liable for all obligations 
owing on the Account whether borrowed by you or otherwise and whether within or beyond the credit limit. Further, 
each of you are responsible for all amounts borrowed by any authorized user(s). Authorized users and other users 
may also be required to repay the amount owed for charges they make; however, you remain, at all times, primarily 
responsible for all amounts owed. All Cards, billing statements and notices will be mailed or delivered to the address 
given on the application for either applicant unless you direct otherwise in writing. If any law or judicial ruling 
makes any part, provision, sentence or section of this Agreement unenforceable, the remainder will continue 
in full force and effect. You agree that your account will also be subject to all rules and regulations of MasterCard, 
as applicable, which are incorporated herein by reference. If there is any conflict between this Agreement and the 
rules and regulations of MasterCard, the rules and regulations of MasterCard, will control, as applicable.

31. Automatic Billing Updater (ABU). ABU is an account updating service in which your card is automatically 
enrolled. When your card(s) expire, are lost or stolen, or new cards are issued, the service may update relevant card 
data (card numbers and expiration dates) to appropriate merchants who participate in an effort to facilitate 
uninterrupted processing of your recurring charges. If at any time you wish to opt-out of the ABU service, or if you 
have any questions, please call 855-325-0904.

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

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:

In your letter, give us the following information: 

 • Account information: Your name and account number.
 • Dollar amount: The dollar amount of the suspected error.
 • 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:

Card Services – Dispute Center
P.O. Box 182477 
Columbus, OH 43272-4935 

Or fax your dispute information to 678-375-6096

        • 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. 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 to you why we believe 
            the bill is 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.
        • 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 even if your bill is correct.

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

 
 
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.

All requests to use this right must be submitted in writing to: Card Services-Dispute Center, P.O. Box 182477, 
Columbus, OH 43272-4935. 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.

To Report a Lost or Stolen Card or Other Access Device after hours, call: 
1-855-325-0904 
571-293-3899 (International) 

To Close the Account: (SEND WRITTEN NOTICE) 

South Carolina Federal Credit Union 
P.O. Box 190012
North Charleston, SC 29412-9012 
843-797-8300
1-800-845-0432

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD AGREEMENT AND DISCLOSURES                                                                                                                         November 1, 2018

Variable Rate Credit Card Application Disclosure

This Disclosure along with your Variable Rate Credit Card Agreement governs your 
Variable Rate Cash Rewards Credit Card. 

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for 
purchases, balance transfers, and 
cash advances

How to Avoid Paying Interest on
Purchases

For Credit Card Tips from the
Consumer Financial Protection Bureau

APR will be 10.25% to 18.00% based on your credit 
worthiness.  This APR will vary with the market based on Prime 
Rate.

Your due date is at least 25 days after the close of each billing cycle.
You will not be charged interest on purchases if your balance is paid
in full 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 Consumer Financial Protection
Bureau at http://www.consumerfinance.gov/learnmore

Fees
Annual Fee
Transaction Fees

None

Foreign Transaction
Expedited payment fee
Convenience check stop payment fee
Balance transfer fee

Up to 2% of the transaction amount
$11.00
$35.00
3% of each transfer

Penalty Fees

Late Payment
Returned Payment

Other Fees

Account research fee
Copy fee

Up to $30.00
Up to $35.00

$22.00/hour
$5.00/copy

How We Will Calculate your Balance: We use a method called “average daily balance (including new
purchases and cash advances).”

The credit union w ill acquire a security interest in the property purchased w ith your credit card; 

and collateral securing other loans w ith us may also secure this account. Also, you are giving us a 

security interest in your shares and other deposits in the credit union.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is 
provided in your Credit Card Agreement. 

Balance transfers may not be used to repay existing South Carolina Federal loan products.

This information updated in May 2020, was accurate as of and subject to change after that date. 
Contact  South Carolina Federal at 843-797-8300(Charleston) or 800-845-0432(Nationwide) to find out 
what may have changed.

 May 1, 2020