Summary of Credit Terms - Union Bank® Rewards Visa Signature® for The Private Bank 
The rates below reflect the 6/16/22 Prime Rate increase that we will implement on 7/20/22. For accounts opened through 7/19/22, the Summary of Credit Terms 
with your new card will not reflect the increased rate. For accounts opened after 7/19/22, the Summary of Credit Terms will reflect the increased rate.

Interest Rates and Interest Charges 

Annual Percentage Rate 
(APR) for Purchases 

15.49% to 25.49%, based on your creditworthiness.

This APR will vary with the market based on the Prime Rate. 

APR for Balance Transfers 

15.49% to 25.49%, based on your creditworthiness. This APR will vary with the market 

based on the Prime Rate. 

APR for Cash Advances 

26.75%. 

This APR will vary with the market based on the Prime Rate. 

Penalty APR 

None 

Paying Interest 

Your due date is at least 21 calendar 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. 

Minimum Interest Charge 

If  you are charged interest, the charge will be no less than $1.75. 

For Credit Card Tips from 
the Consumer Financial 
Protection Bureau 

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 

$199 

•

Balance Transf er

Either $10 or 5% of  the amount of each balance transfer, whichever is greater. 

• Cash Advance

Either $15 or 5% of  the amount of each cash advance, whichever is greater. 

•

Foreign Transaction

None 

Penalty Fees 

•

Late Payment

Up to $37. 

• Over-the-Credit Limit

None 

• Returned Payment

Up to $35. 

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." 

The inf ormation about the costs of the card described in this application is accurate as of 07/20/2022. This information 
may have changed after that date. To find out what may have changed, please call us at 877-505-6789.

SEE BACK OF PAGE for more important information about your account. 

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ADDITIONAL TERMS & CONDITIONS 

If an account is opened, you will receive a Cardmember Agreement (“Agreement”) with your card(s). You agree to the terms of this Agreement by: using 
the account or any card, authorizing their use, or making any payment on the account. We have the right to change the account terms (including the APRs) 
in  accordance with your Agreement. We reserve the right to change the benefit features associated with your card at any time. Complete terms  and 
conditions will be provided to you when you become an approved cardmember. Cards are issued and serviced by Union Bank® Card Services, a division 
of MUFG Union Bank, N.A. 

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT 

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and 
record information that identifies each person and/or entity that opens an account; and What this means to you: When you open an account, we will ask 
for your name, address, date of birth (for individuals) and other information that will allow us to identify you. We may also ask to see your driver’s license 
or other identifying documents. 

CREDIT REPORT AUTHORIZATION 

By submitting an application for credit, you authorize us to obtain credit bureau reports that we will use when considering your application for credit. You 
also authorize us to obtain credit bureau reports and any other information about you in connection with the extensions of credit on your account and the 
administration, review or collection of your account. If you ask, we will tell you the name and address of the credit bureau from which we obtained a report 
about you. You also authorize us to verify your employment, income and other relevant information. 

COMMUNICATION AUTHORIZATION 

By providing a telephone number, including but not limited to a cellular (mobile) telephone number, you agree that we (including companies working on 
our behalf) have your express consent to contact you or the Company at the number provided about any of the Company’s Union Bank accounts, and that 
we may  use text messaging, artificial or prerecorded voice messages and automatic dialing technology to call you for any non-telemarketing purpose, 
including but not limited to informational, account servicing, and collection calls. Message and data rates may apply. You also agree that by providing your 
email address, we have your permission to contact you through your email address to notify you of progress on your application, provide important account 
information, to let you know about other products and services. 

ARBITRATION NOTICE 

If you are issued a credit card, your Agreement will contain a binding arbitration provision.  In the event of any dispute relating to your account, the dispute 
will  be resolved by binding arbitration pursuant to the rules of the American Arbitration Association or JAMS/Endispute. Both you and we agree to waive 
the right to go to court or to have the dispute heard by a jury (except as to any collection activities on your account). You and we will be waiving any right 
to a jury trial and you also would not have the right to participate as a part of a class of claimants relating to any dispute with us. Other rights available to 
you in court may also be unavailable in arbitration. When you receive your Agreement, you should read the Resolution of Claims by Arbitration provision 
in your Agreement carefully and not accept or use the Card unless you agree to be bound by the arbitration provision. 

BALANCE TRANSFERS 

If you are issued a credit card, you authorize us to make one or more of the balance transfers that you have requested from credit card accounts or other 
types of accounts with other financial institutions. Balance Transfers cannot be used to pay off or pay down any Union Bank credit card, either opened in 
your name or any other person. All balance transfer requests are subject to our approval; we are not liable if we do not make a requested balance transfer. 
We reserve the right to make balance transfers in the order we select and to limit the amount of the balance transfers that we make (this amount may be 
less than your total credit limit).  If you request an amount that we do not approve, we may process a partial transfer for less than you requested or we may 
decline the entire request. In addition, transfer requests that are incomplete, illegible or requested to cash, to yourself or to another account with us or one 
of our affiliates may not be processed. You should not transfer any amount that is in dispute in order to preserve your dispute rights. When you transfer a 
balance from another account, we send a payment in the amount of the balance transfer to the other financial institution. We have no control over, and 
are not responsible for, how and when the other financial institution applies the payment. You are responsible for verifying that the other financial institution 
applies the balance transfer payment in accordance with your other account’s terms. You should continue to monitor the other accounts that you requested 
us to  send the proceeds of the balance transfer to, and you should continue to pay the minimum payments due on those accounts until you receive 
statements from those creditors showing that the balances due them have been paid in full. This might not happen until after the balance transfer appears 
on your billing statement from us. You are liable for any late payments, finance charges or disputed amounts on your other accounts. We do not send 
instructions to the other financial institution to close your other account. If you want the other account to be closed, you must do that yourself. Balance 
transfers are subject to applicable fees and finance charges and do not have the benefit of a grace period. If you  take advantage of a balance transfer 
offer and continue to  use the credit card to make purchases, you will lose the interest-free grace period on the new purchases unless you pay 
the entire statement balance, including the amount subject to the promotional APR, by  the payment due date. 

OVERDRAFT PROTECTION LINKED TO A UNION BANK CREDIT CARD 

Service is  limited to covering one personal checking account linked to one personal Union Bank credit card, and both accounts must have a common 
owner.  
By enrolling in  Overdraft Protection Linked to a Union Bank Credit Card, you authorize the Bank to make advances on your Union Bank Credit Card 
(subject to your available credit) in order to cover transactions (including transfers between checking, money market, and savings accounts) presented for 
payment against insufficient funds. We will not authorize transactions requiring real-time authorization (such as ATM withdrawals, ATM or  Debit Card 
purchases, and cash withdrawals in a Union Bank branch) using this service. If you attempt a transaction requiring real-time authorization and there are 
insufficient available funds in the linked checking account, the transaction will be declined. Activation of the Overdraft Protection service may take up to 5 

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business days following the approval of a new credit card account; for customers with an existing open credit card account, it may take up to 5 business 
days from the initial request to enroll in the Overdraft Protection service. 

Each business day that we determine that your linked checking account is overdrawn by any amount, you authorize us to make an Overdraft Advance 
equal to a) $50, or b) the next highest multiple of $50 that will equal or exceed the linked checking account overdraft, as determined by us. For example, 
if we determine that your linked checking account is overdrawn by $125, you understand and agree that we may automatically make an Overdraft Advance 
of $150 from your Union Bank Credit Card for deposit to your linked checking account. We will make advances only once each business day. 

Advances will only be processed if at least one transaction can be covered by the advanced amount.  Any negative balance from a previous business day 
will  not trigger an advance unless another eligible transaction is presented for payment and there is sufficient available credit on the credit card account to 
cover at least that additional transaction. If you do not have sufficient available credit on your credit card account to cover all transactions, your linked 
checking account may be subject to fees for any uncovered transactions. The total advance amount will appear on the linked checking account statement 
each day an advance is made. Only one checking account may be linked to one credit card account, and both accounts must have a common owner. If 
your linked checking account is changed to a closed status for any reason, Union Bank may terminate the Overdraft Protection Linked to a Union Bank 
Credit Card service without notice. 

Overdraft Advances and the $10 daily Overdraft Advance Fee will be added to your Overdraft Advance Balance Category on your credit card 
monthly  statement  and  be  charged  the  Overdraft  Advance  Annual  Percentage  Rate.  Your  APR  will  be  15.49%  to  25.49%,  based  on  your 
creditworthiness.  This  APR will  vary with the market based on the Prime Rate. No grace period will apply when calculating finance charges for 
Overdraft Advances. If your linked  credit  card  account  is  changed  to  a  closed  status  for  any  reason,  Union  Bank  may  terminate  the  Overdraft 
Protection Linked to a Union Bank Credit Card service without notice. You may cancel this service at any time. 

Some accounts may not be eligible for Overdraft Protection Linked to a Union Bank Credit Card. For more information, see the Union Bank Personal 
Accounts & Services Disclosure and Agreement. 

AIRLINE INCIDENTAL FEES STATEMENT CREDIT 

Receive a statement credit of up to $100 per account per calendar year for Qualifying Airline Incidental Fee Purchases such as: baggage fees, in-flight 
food and beverage purchases and ticket change/ cancellation fees. Learn more about your benefits at unionbank.com/airlineincidentalfees. 

AIRPORT LOUNGE ACCESS 

Receive 4 free visits to airport lounges worldwide with a complimentary 12-month Priority Pass™ Select Membership. After that, each visit is $32 (subject 
to change). Learn more about your benefits at unionbank.com/prioritypass. 

OTHER DISCLOSURES 

CALIFORNIA RESIDENTS: A married applicant may apply for a separate account. Additionally, we may obtain information at any time from the California 
Department of Motor Vehicles. You agree to waive the address confidentiality requirements section of the California Vehicle Code (Section 1808.21). 

NEW YORK  RESIDENTS  may contact the New York State Department of Financial Services by telephone at 1-800-342-3736 or visit  its website at 
www.dfs.ny.gov for free information on comparative credit card rates, fees and grace periods. 

OHIO RESIDENTS: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that 
credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission  administers compliance 
with this law. 

WASHINGTON STATE RESIDENTS: Washington state law prohibits discrimination in credit transactions because of race, creed, color, national origin, 
sex, or marital status. The Washington State Human Rights Commission administers compliance with this law. 

NOTICE TO MARRIED WISCONSIN APPLICANTS: No provision of any marital property agreement, unilateral statement or court decree adversely affects 
our interests and/or rights unless, prior to the time the credit is granted or an open-end credit plan is entered into, we are furnished with a copy of the 
agreement, statement, or decree, or have actual knowledge of the adverse provision. Married Wisconsin residents applying for credit separately must 
furnish name and address of their spouse to Union Bank at P.O. Box 60398, Phoenix, AZ 85026. 

MILITARY LENDING ACT 

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). 

Additionally, if any clause in your Agreement with us conflicts with the federal law protections afforded to members of the Armed Forces, including any 
provision related to mandatory arbitration, federal law will prevail. 

If you would like to receive this Military Lending Act disclosure orally, please call 1-877-925-8666. 

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REWARDS PROGRAM TERMS AND CONDITIONS 

The following is a summary of certain key terms and conditions for the Union Bank Rewards Program for the Union Bank Rewards Visa Signature® for 
The Private Bank. You will receive complete Program terms and conditions with your account opening materials if your application is approved. 

EARNING REWARDS POINTS 

Purchases 

You earn points when you (or your authorized user) make “Purchases” of products and services with your credit card, excluding disputed billing items and 
items that are subsequently subject to a refund or credit (such as for returned merchandise) (collectively “Purchases”). 

Purchases do not include: 

a)  Annual fees, finance charges and other fees or charges posted by us to the account;
b)  Cash advances (including but not limited to cash received over the amount of Purchases charged to the account, Purchases of money orders

or other cash equivalents) or special check transactions;

c)  Balance transfers;
d)  Overdraft advances;
e)  Charges for other products, services, or benefits that we provide (such as credit insurance premiums); or 
f)  Other transactions that we determine not to be eligible. 

Point awards are not earned until they appear on the account statement. Points that have been awarded may be deducted if, after points are awarded, 
Purchases are subsequently subject to a refund, credit or dispute. We reserve the right to retroactively correct errors made in point awards.  We are solely 
responsible for determining which transactions are eligible for point earnings, and our determination is final. Points you earn during the billing cycle will be 
added to your rewards point balance within 7 days after the end of the billing cycle. 

Introductory  Rewards Bonus 

You will  earn a 30,000 introductory reward points bonus following your first $3,000 in Purchases made within 3 months of account opening. These 
points will post to your rewards point balance within 8 weeks after the close of your third billing cycle. You are limited to one introductory reward points 
bonus per card account. 

Airline Points 

You will  earn 3 points (also referred to in marketing materials as “3X points”) (consisting of 1 base point and 2 bonus points) for each $1 spent for the 
first  $6,000 of Purchases made during each year (based on your account opening date) on Airlines. An “Airline” Purchase is from a merchant with the 
merchant category code (MCC)  for “Airlines”  (MCC  3000-3299) and “Airlines, Air Carriers (not listed elsewhere)” (MCC  4511). After you make $6,000 in 
Purchases with Airlines in a year, you will  earn 1 point for each $1.00 spent on Purchases that you make with Airlines for the remainder of the year. 

Restaurant Points 

You will earn 2 points (also referred to in marketing materials as “2X points”) (consisting of 1 base point and 1 bonus point) for each $1 spent for the first 
$6,000 of Purchases made during each year (based on your account opening date) at Restaurants. A “Restaurant” Purchase is from a merchant with the 
merchant category code (MCC) for "Caterers" (MCC 5811), "Eating Places and Restaurants" (MCC 5812), "Drinking Places (Alcoholic Beverages), Bars, 
Taverns, Cocktail Lounges, Nightclubs and Discotheques" (MCC 5813) or "Fast Food Restaurants" (MCC 5814). After you make $6,000 in Purchases at 
Restaurants in a year, you will earn 1 point for each $1.00 spent on Purchases that you make at Restaurants for the remainder of the year. 

All Other Purchases 

You will earn 1 point  (also referred to in marketing materials as “1X points”) for each $1 spent on all new eligible Purchases charged to the card each 
billing cycle that are from merchants that are not Airline or Restaurant merchants. 

Merchant Category Codes & Purchases 

Merchants are assigned a merchant category code by payment card processors based upon the merchant's primary line of business. We do not determine 
the MCC  for a merchant. Whether a transaction is eligible for bonus points depends on the MCC actually assigned to a merchant. Purchases processed 
through merchants that do not  process transactions under the eligible  MCC  and Purchases processed through third-party payment accounts (e.g., 
PayPal™) will not qualify to receive bonus rewards. 

REWARD POINT REDEMPTION 

You may redeem points for the following: 

• Merchandise, gift cards/certificates, travel (airline, hotel and car rental), and additional redemption options based on the point redemption value 

associated with the Reward, which may vary depending on the Reward;
A statement credit to your card account at a rate of 1 cent per point;
A deposit into a Union Bank checking or savings account at a rate of 1.25 cents per point; 
A principal reduction payment to your Union Bank mortgage account at a rate of 1.75 cents per point.

•
•
•

You must have a Union Bank checking account, savings account, or residential mortgage account in an open status with Union Bank to qualify for the last 

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two point redemption methods referenced above. 

When you redeem points for a statement credit to your card account, the statement credit is treated as an additional payment on your account. You are 
still required to  make your regular monthly  account payments as disclosed on your  monthly  statements. Statement credits will post to your card 
account within 5 business days. It may not appear on your monthly statement for 1 to 2 billing cycles. 

When you redeem points for a deposit into a Union Bank checking or savings account, the deposit will post to your checking or savings account within 5 
business days. 

When you redeem points for a principal reduction payment to your Union Bank mortgage account, the payment will be applied as an extra principal payment 
and will not count toward your regular monthly payment. You are still required to make your regular mortgage account payments as disclosed on 
your monthly statements. Principal reduction payments will post to your mortgage account within 5 business days. It may not appear on your mortgage 
account monthly statement for 1 to 2 billing cycles. 

We may also provide additional redemption options from time to time. Redemption options are offered solely in our discretion, are not guaranteed, and are 
subject to any limits that we may impose. Redemption options may be withdrawn at any time without notice. 

The amount of points redeemed for a Reward will be subtracted from your point balance. We may, in our discretion, set a minimum or a maximum number 
of points that you may redeem in a single transaction. We may adjust this amount from time to time. We also may require that redemptions occur in round 
increments that we will set in our discretion from time to time. All Rewards are subject to availability. We may withdraw, change or replace any Reward 
item.  We  may  also  change  the  number  of  points  required  to  redeem  a  Reward,  at  any  time  and  without  prior  notice  to  you.  All  redemption 
transactions  are  final.  There  are  no  refunds,  exchanges,  replacements  or  conversions  for  currency,  credits,  points,  or  Rewards.  Point 
redemptions for Rewards may be subject to shipping, handling or other fees, and shipping restrictions may apply. 

The merchants participating in the Program are not affiliated with us nor are these merchants considered sponsors or co-sponsors of the Program. All 
trademarks are the property of their respective owners. The merchants’ terms and conditions apply to their respective gift cards/certificates, merchandise 
and/or services. Upon receiving your Rewards, see each merchant’s specific terms and conditions for complete details, which are subject to change by 
the merchants at their sole discretion from time to time, subject to applicable law. 

REWARD POINT EXPIRATION 

Points are redeemed on a first-in, first-out basis. Points will expire on or after the third anniversary of the date earned. 

PROGRAM CHANGES 

We reserve the right to change these Program terms and conditions with or without prior notice (except where required by law). Point redemption amounts 
may change at any time. 

DISQUALIFICATION/TERMINATION 

If the account does not remain in good standing, you will not earn future points, cannot redeem points, and you will forfeit any accumulated points previously 
awarded. An account is in good standing when no event has occurred that allows us to require immediate payment of your entire balance under the 
Agreement, including, without limitation, failing to make the minimum payment when due, having a payment to us denied, providing us false or misleading 
information, or other reasons described in the Rewards Program Terms and Conditions. 

We reserve the right to disqualify or remove any person or account from participation in the Program, refuse to award or redeem points, or close your 
account at any time, for any reason including, but not limited to, your account being inactive (as such term is defined by us from time to time). If such a 
disqualification occurs, it may result in the forfeiture of any accumulated points. Closing your account (by you or by us) will result in the termination of your 
enrollment in the Program, and any accumulated points will be forfeited. 

Cards are issued and serviced by Union Bank Card Services, a division of MUFG Union Bank, N.A. 

©2022 MUFG Union Bank, N.A. All rights reserved. Member FDIC. 
Union Bank is a registered trademark and brand name of MUFG Union Bank, N.A. unionbank.com 

Union Bank Rewards Visa for The Private Bank (CPB/PBC321AR) – Web 07/22 

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