BayPort Credit Union 
Credit Card Agreement 

MINIMUM  PAYMENT:  The  minimum 
payment  required  is  the  new  balance 
shown  on  your  statement  if  the  amount 
is equal to or less than $ 20.00. 

is  1.5%  of 

If the  new balance exceeds $ 20.00 the 
minimum  payment 
that 
portion  of  the  new  balance  which  does 
not exceed your credit limit (rounded up 
to 
the  nearest  dollar),  or  $  20.00, 
whichever  is  greater,  plus  the  entire 
portion  of  the  new  balance  in  excess  of 
your  credit  limit  plus  any  amount  past 
due.   

PERIODIC 
CALCULATION METHODS:   

FINANCE 

CHARGE 

transactions). 

(and  purchases, 

Method  F:  Average  Daily  Balance 
(including  current 
  To 
avoid  incurring  an  additional  finance 
charge  on  the  beginning  balance  of 
cash  advances 
if 
Method  F  is  specified  as  applicable  to 
purchase)  reflected  on  your  monthly 
statement,  you must pay the beginning 
balance  shown  on  your  monthly 
statement on or before the payment due 
date.    No  grace  period  is  provided  for 
current  cycle  transactions.  The  finance 
charges for a billing cycle are computed 
by applying the monthly periodic rate to 
the  “average  daily  balance”  of  cash 
advances (and if applicable, purchases).  
To  get  the  average  daily  balance,  we 
take  the  beginning  balance  of  your 
account  each  day,  add  new  purchases 
or  cash  advances,  and  subtract  any 
payments,  credits,  non-accruing  fees, 
and unpaid finance charges.  This gives 
us  the  daily  balance.    Then  we  add  up 
all the daily balances for the billing cycle 
and  divide  the  total  by  the  number  of 
days in the billing cycle. 

to 

transactions). 

Method  G:  Average  Daily  Balance 
(including  current 
  To 
avoid  incurring  an  additional  finance 
charge  on  the  balance  of  purchases 
(and  cash  advances,  if  Method  G  is 
specified  as  applicable 
cash 
advances)  reflected  on  your  monthly 
statement  and,  on  any  new  purchases 
if  applicable,  cash  advances) 
(and 
appearing  on 
your  next  monthly 
the  new 
statement,  you  must  pay 
balance,  shown  on  your  monthly 
statement,  on  our  before  the  payment 
due date.  The grace period for the new 
balance  of  purchases  extend  to  the 
payment due date.  The finance charges 
for  a  billing  cycle  are  computed  by 
applying the monthly periodic rate to the 
“average  daily  balance”  of  purchases 
(and  if  applicable,  cash  advances).    To 
get  the  average  daily  balance,  we  take 
the  beginning  balance  of  your  account 
each  day,  add  any  new  purchases  or 
cash  advances,  and  subtract  any 
payments,  credits,  non-accruing  fees, 
and unpaid finance charges.  This gives 
us  the  daily  balance.    Then  we  add  up 
all the daily balances for the billing cycle 
and  divide  the  total  by  the  number  of 
days in the billing cycle. 

The 

CARD: 

TERMS  GOVERNING  THE  USE  OF 
person 
YOUR 
is 
whose 
(“Cardholder”) 
embossed  on 
the 
the 
MasterCard (“Card”) and each additional 
cardholder  bearing  the  same  account 
number,  by  signing  or  using  said  card, 
acknowledges  and  agrees  with 
the 
issuer of the card to the following: 

name 
face  of 

and 

Services 

the  account 

Goods 
(“Credit 
Purchases”)  may  be  purchased  or 
leased  by  means  of  such  card  by 
from  any  retail  business 
cardholder 
establishment 
(“Seller”)  who  honors 
same upon the execution of a sales slip 
evidencing  such  credit  purchase  and 
bearing 
number  of 
cardholder  embossed  on  the  face  of 
such  card.    Additionally,  MasterCard 
Cash  Advances 
(“Loans”)  may  be 
obtained  through  use  of  such  card  (a) 
upon  execution  of  a  written  request  of 
cardholder 
to 
cardholder  from  any  financial  institution 
that is a member, alone or in association 
with others, of MasterCard International, 
Inc.  and  (b)  upon  execution  of  a  written 
separate  agreement  with  issuer  for  a 
MasterCard 
financing 
agreement, if offered by issuer. 

furnished 

overdraft 

in  a 

form 

Cardholder shall be liable and agrees to 
pay  issuer  for  credit  purchases  made 
by, or for loans extended to, cardholder 
or  anyone  else  using  such  card  unless 
the  use  of  such  card  is  by  a  person 
other  than  the  cardholder  (a)  who  does 
not  have  actual,  implied  or  apparent 
authority  for  such  use,  and  (b)  from 
which  cardholder  receives  no  benefit.  
Additionally,  Cardholder  shall  be  jointly 
and  severally  liable  and  agrees  to  pay 
for  all  credit  purchases  and 
loans 
obtained  through  the  use  of  any  other 
card  bearing  cardholder’s  account 
number that has been issued to another 
person  by  reason  of  such  person  being 
a  member  of  a  cardholder’s  family,  or 

otherwise 
issued  upon  cardholder’s 
request  (all  such  cards  bearing  the 
MasterCard account  number  hereinafter 
collectively called “Related Cards”). 

Each  card  is  the  property  of  the  issuer, 
is  not 
transferable,  and  must  be 
surrendered  upon  demand.    It  can  be 
canceled  as  well  as  repossessed  by 
issuer or its designee, and the privileges 
thereof  revoked,  at  any  time  with  prior 
notice.  

Cardholder  shall  not  use  the  card  or 
permit  the  use  of  related  card  to  obtain 
credit  purchases  or  loans  which  will 
increase  cardholder’s  indebtedness  to 
issuer  to  an  amount  in  excess  of  the 
limit established by issuer. 

financial 

All  credit  purchases  and 
loans  are 
affected  at  the  option  of  the  seller  and 
cash  advancing 
institution, 
respectively,  and  issuer  shall  not  be 
responsible  for  refusal  by  any  seller  or 
cash  advancing  financial  institution  to 
honor the card or any related card.  Any 
refund,  adjustment  or  credit  allowed  by 
seller shall not be by cash but rather by 
a  credit  advice  to  issuer  which  shall  be 
shown  as  a  credit  on  cardholder’s 
account statement by issuer. 

to  cardholder,  a 
Issuer  will  send 
statement reflecting for the prior monthly 
period all MasterCard Card and Related 
Card transactions.  Such statement shall 
be  deemed  correct  and  accepted  by 
cardholder  and  all  holders  of  related 
card  unless  issuer  is  notified  to  the 
contrary  in  writing  within  60  days  of 
mailing  of  such  statement  cardholder 
will  pay  such  statement  by  remitting  to 
issuer within 25 days of the closing date 
reflected on the statement either the full 
amount billed or, at cardholder’s option, 
an  installment  equal  to  at  least  the 
required minimum payment. 

Interest  on  loans  and  credit  purchases 
will  be  charged  in  accordance  with  the 
finance  charge  calculation.  The  rate  of 
interest  shall  be  established  by  issuer 
time,  but  shall  never 
from 
exceed  the  maximum  rate  permitted  by 
law.   

time 

to 

future,  collateral  securing 

If  the  card  is  canceled  or  surrender  is 
demanded by the issuer, or if cardholder 
defaults  in  any  payment  due,  or  is 
deceased, bankrupt  or insolvent, or any 
attachment  or  garnishment  proceedings 
are  initiated  against  cardholder  or  his 
property, issuer may elect to declare all 
amounts  then  owed  to  issuer  to  be 
immediately  due  and  payable  without 
notice  or  demand  of  any  kind.    If 
cardholder  has  other  loans  from  issuer, 
or  takes  out  other  loans  with  issuer  in 
the 
those 
loans  will  also  secure  the  cardholder’s 
obligations  under 
cardholder 
unless 
However, 
the 
agrees 
expressly 
cardholder’s  household  goods  and 
dwelling  will  not  secure  cardholder’s 
obligations under this agreement even if 
issuer  has  or  later  acquires  a  security 
interest  in  the  household  goods  or  a 
mortgage  on  the  dwelling.    Cardholder 
agrees  to  pay  all  costs  incurred  by 
cardholder’s 
issuer 
collection 
this 
indebtedness  or 
agreement, 
reasonable 
including 
attorney’s  fees  and  also  those  costs, 
expenses and attorney’s fees incurred in 
appellate, 
post- 
judgment  proceedings,  except  to  the 
extent such costs, fees or expenses are 
prohibited by law.   

this  agreement.   
the 
otherwise, 

in  enforcing 

bankruptcy 

and 

in 

This  agreement  may  be  amended  from 
time  to  time  by  issuer  by  written  notice 
mailed to cardholder at the cardholder’s 
last known address. 

Except  to  the  extent  that  Federal  law is 
applicable, the validity, construction and 
enforcement  of  this  agreement  and  all 
matter’s arising out of the issuance and 
use of the card shall be governed by the 
laws  of  the  state  in  which  the  principal 
office of issuer is located. 

Additional  charges,  plus  applicable 
taxes, may also be assessed if you pay 
us  with  a  check  not  honored  by  your 
financial  institution,  request  a  copy  of  a 
document,  request  a  replacement  card 
or  use  your  card  for  a  transaction  at  an 
automated 
if  such 
teller  machine, 
charges  are  not  prohibited  by  law  or 
regulation.    No  finance  charge  will  be 
assessed on such additional charges. 

If  it  is  believed  that  the  card  has  been 
lost or stolen or used in an unauthorized 
manner,  the  cardholder  shall  contact 
issuer  at  once,  in  order  to  minimize 
possible  losses.    In  most  cases,  the 
cardholder  will  not  be  liable  for  any 
unauthorized  transactions  unless  it  is 
determined 
the  cardholder  was 
grossly  negligent  or  fraudulent  in  the 
handling of the card.  Notification can be 
made orally or in writing at: 

that 

Credit Card Security Department 
P O Box 30495 
Tampa, Florida 33630 

Telephone Number (727) 570-4881 

that 

Cardholder  agrees 
its 
agents  or  service  companies  may 
monitor  and/or  record  any  telephone 
communications with cardholder. 

issuer, 

Payments  must  be  made  to  issuer  in 
U.S.  dollars  drawn  on  an  U.S.  financial 
institution.    Issuer  may  accept  checks 
marked  “Payment  in  Full”  or  with  words 
of  similar  effect  without  losing  any  of 
issuer’s  rights  to  collect  the  full  balance 
of cardholder’s account. 

a 

is  a 

If cardholder incurs charges in any other 
currency,  the  charges  will  be  converted 
into U.S. dollars.  MasterCard’s currency 
conversion  procedure  includes  use  of 
either 
government  mandated 
exchange rate, or a wholesale exchange 
rate  selected  by  MasterCard,  and  the 
rate  MasterCard  uses  for  a  particular 
transaction 
rate  selected  by 
MasterCard  for  the  applicable  currency 
on 
is 
the 
processed,  which  may  differ  from  the 
the 
rate  applicable  on 
transaction  occurred  or  the  date  on 
which  the  transaction  is  posted  to  the 
cardholders  account. 
  Cardholder 
agrees  to  pay  the  converted  amount  to 
issuer  in  U.S.  dollars  plus  a  foreign 
transaction  fee  for  the  conversion  and 
issuer  and 
process 
MasterCard. 

imposed  by 

transaction 

the  date 

the  date 

and/or 

otherwise 

Issuer  can  reinvestigate  and  reevaluate 
any  information  cardholder  provided  on 
cardholder’s  credit  application  at  any 
time,  and  in  the  course  of  doing  so, 
issuer may ask cardholder for additional 
request  credit  bureaus 
information, 
reports 
verify 
cardholder’s current credit standing. 
Cardholder  agrees 
issuer  may 
release  information  to  others,  such  as 
credit bureaus, regarding the status and 
history 
account.  
However,  issuer  is  not  obligated  to 
release  any  such  information  to  anyone 
unless  issuer  is  required  by  law  to  do 
so. 

cardholder’s 

that 

of 

the  cardholder’s 
Cardholder  agrees 
account shall be subject to all applicable 
rules  and  regulations  of  MasterCard 
International,  as  applicable,  as  well  as 
all  applicable  laws.    If  there  is  any 
conflict  between  the  provisions  of  this 
agreement and the rules and regulations 
of  MasterCard  International,  the  rules 
and 
of  MasterCard 
regulations 
International shall control. 

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:  

Credit Card Security Department   
P. O Box 30495 
Tampa, Florida 33630   

In  your  letter,  give  us  the  following 
information: 

• 

Account 
name and 

information:  Your 

• 

account number. 
Dollar 
amount of  
the suspected error.  

amount:  The 

dollar 

• 

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 

While  we  investigate  whether  or  not 
there has been an error:  

• We  cannot  try  to  collect  the  amount 
report  you  as 

in  question,  or 
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 
you  are 
in  question, 
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 
those 
organizations know when the matter has 
been settled between us.  

let 

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 
the 
you  are  still  dissatisfied  with 
purchase,  contact  us 
in  writing  (or 
electronically) at:  

Credit Card Security Department   
P. O Box 30495 
Tampa, Florida 33630   

to 

While  we  investigate,  the  same  rules 
apply 
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. 

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 to you why we believe the bill is 
correct.