MAX CREDIT UNION 
Visa® BUSINESS CREDIT CARD AGREEMENT 
 (RETAIN FOR YOUR RECORDS) 

In this Business Credit Card Agreement, the words "you" and "your" mean the Business and each and all of those who have applied for the Card, signed 
the Card, used the Card or authorized someone else to use the Card. "Card" means the Visa card and any duplicates and renewals we issue.  Account 
means your Visa card Line of Credit Account with us. "We", "us" and "ours" mean MAX Credit Union. If you do not agree to the terms and conditions of this 
Agreement, you must not use any Card issued to you and you must cut all Cards issued to you in half and return them to us. 

1.  Responsibility.  If  we  issue  you  a  Card,  you  agree  to  repay  all  debts  and  the  FINANCE  CHARGE  arising  from  the  use  of  the  Card  and  the 
Account. For example, you are responsible for charges made by yourself, your spouse and minor children. You also agree to be responsible for charges 
made  by  anyone  else  to  whom  you  give  the  Card,  and  this  responsibility  continues  until  the  Card  is  recovered.  You  cannot  disclaim  responsibility  by 
notifying us, but we will close the Account for new transactions if you so request and if you return all Cards. Your obligation to pay the Account balance 
continues  even  though  an  agreement,  divorce  decree  or  other  court  judgment  to  which  we  are  not  a  party  may  direct  you  or  one  of  the  other  persons 
responsible to pay the Account. Any person using the Card is jointly responsible with you for charges he or she makes, but it that person signs the Card, he 
or she becomes a party to this Agreement and is also jointly responsible for all charges on the Account, including yours. You agree the Visa card may not 
be used for any illegal or unlawful activity or transactions, including but not limited to, illegal gambling. 

2. Lost Card Notification. If you believe the Card has been lost or stolen, you will immediately call us at 1-800-449-7728. 
3. Liability for Unauthorized Use. You may be liable for the unauthorized use of your Card. You will not be liable for unauthorized use that occurs 
after you notify the Credit Union, orally or in writing, of the loss, theft, or possible unauthorized use. In any case, your liability will not exceed $50.00. For 
Visa cards, if you tell the Credit Union after learning of the loss or theft of the Card your liability for unauthorized transactions using the Visa system is zero. 
For ATM transactions, card transactions through a non-Visa network, Visa Commercial cards, Visa or Plus* ATM or any ATM transactions or cards issued 
outside  the  United  States  if  you  tell  the  Credit  Union  within  two  (2)  days  after  learning  of  the  loss  or  theft  of  the  Card,  your  liability  for  unauthorized 
transactions is $50.00 and $500 if you do not tell the Credit Union within two (2) business days and if you do not tell us within sixty (60) days after the 
statement was mailed, you may not get back any money you lost if we can prove that we could have stopped someone from taking the money had you told 
us in time. We may require you to provide a written statement regarding claims of unauthorized transactions. If we determine that you have been grossly 
negligent or fraudulent in the handling of your account or Card, your liability may increase. These rules do not apply to other electronic transfers. 

4. Credit Line. If we approve your application, we will establish a self-replenishing Line of Credit for you and notify you of its amount when we issue 
the Card. You agree not to let the Account balance exceed this approved Credit Line. Each payment you make on the Account will restore your Credit Line 
by the amount of the payment which is applied to principal. You may request an increase in your Credit Line by written application to us, or by telephone at 
334-260-2600 or 1-800-776-6776, which must be approved by a loan officer. By giving you written notice, we may reduce your Credit Line from time to time 
or, with good cause, revoke your Card and terminate this Agreement. Good cause includes your failure to comply with this Agreement or our adverse 
reevaluation  of  your  credit  worthiness.  You  may  also  terminate  this  Agreement  at  any  time,  but  termination  by  either  you  or  us  does  not  affect  your 
obligation to pay the Account balance. The Cards remain our property, and you must recover and surrender to us all Cards upon our request and upon 
termination of this Agreement. 

5. Credit Information. You authorize us to investigate your credit standing when opening, renewing or reviewing your Account, and you authorize us 

to disclose information regarding your Account to credit bureaus and other creditors who inquire of us about your credit standing. 

6.  Monthly  Payment.  We  will  mail  you  a  statement  every  month  showing  your  Previous  Balance  of  purchases  and  cash  advances,  the  current 
transactions on your account, the remaining credit available under your Credit Line, the New Balances of purchases and cash advances, the Total New 
Balance, the FINANCE CHARGE due to date, any other billed fees, and the Minimum Payment required. Every month you must pay at least the Minimum 
Payment within 25 days of your statement closing date. You may; of course, pay more frequently, pay more than the Minimum Payment, or pay the Total 
New Balance in full, and you will reduce the FINANCE CHARGE by doing so. The Minimum Payment will be either (a) 3.00% of your Total New Balance, 
or $10.00, whichever is greater, or (b) your Total New Balance, if it is less than $10.00, plus (c) any portion of the Minimum Payment(s) shown on prior 
statement(s) which remains unpaid. In addition, at any time your total New Balance exceeds your Credit Line, you must immediately pay the excess upon 
our demand. We will apply your payments first to the previously billed and unpaid FINANCE CHARGE on cash advances: then to the previously billed and 
unpaid  FINANCE  CHARGE  on  purchases;  then  to  any  late  charge  outstanding  and/or  any  over  the  limit  charge  outstanding,  if  applicable:  then  the 
remainder  of  the  payment  will  be prorated  and  applied  to  the  cash advance  and  purchases  outstanding  balances.  If  a  payment  is  ever  late  ten  days  or 
more, you will be charged a late charge equal to 5.00% of the amount of the scheduled payment in default, with a minimum charge of $.50 and a maximum 
charge  of  $25.00. You  agree  a  fee  of  up  to  $30.00  will  be  added  to  your  card  balance,  and such fee  will  be  treated  as  a  purchase including  FINANCE 
CHARGES, if a check to pay all or part of the card balance is returned unpaid. 

7. Finance Charges. If you have a zero purchase balance at the beginning of a statement cycle, you can avoid a FINANCE CHARGE on purchases 
billed during the cycle by paying the full amount of the New Balance of Purchases within 25 days of your statement closing date. Otherwise, purchases will 
be subject to a FINANCE CHARGE from the date they are posted to your account. Cash advances are always subject to a FINANCE CHARGE from the 
transaction date. The FINANCE CHARGE (interest) is calculated at the periodic rate of 0.908% per month (ANNUAL PERCENTAGE RATE of 10.9%), on 
the average daily principal balances of purchases and cash advances in the Account. Separate Finance  Charges for purchases and cash advances are 
determined  by  multiplying  the  periodic  rate  by  the  separate  average  daily  balance  for  purchases  and  cash  advances.  Each  average  daily  balance  is 
determined by taking the beginning balance (of cash advances and purchases) in your account each day, adding any new purchases or cash advances 
(whichever is applicable) and subtracting any payments or credit. The results are the daily balances. The daily balances are totaled, and  divided by the 
number of days in the statement period to produce separate average daily principal balances for purchases and cash advances to which the periodic rate 
is then applied. 

8.  Default.  You  will  be  in  default if  you  fail to make  any  Minimum Payment  when  due. You  will  also  be  in  default  if  (a)  your  ability to repay  us is 
materially reduced by a change in your employment, an increase in your obligations, bankruptcy or insolvency proceedings involving you, your death or 
your failure to abide by this Agreement, (b) you break any promise you have made to us under this Agreement or any other agreement you have with us, 
(c) any statement you have made in this Agreement, in connection with this Agreement or in connection with any other Agreement you have with us is not 
true, or (d) we should otherwise feel insecure in receiving payment of the Account balance for whatever reason. If you are in default, we have the right to 
demand immediate payment of your full Account Balance at once without notice to you. In the event of a default, you agree to pay all costs of collecting the 
amount  you  owe  under  this  agreement  including,  if  the  unpaid  balance  under  this  plan  is  greater  than  Three  Hundred  Dollars  ($300.00)  at  the  time  of 
collection, reasonable attorney fees if the debt is referred for collection to an attorney who is not our employee and if suit is filed, court costs. 

9. Using the Card. You may use your Visa credit card at millions of locations worldwide. In addition, you may obtain cash advances from the Credit 
Union, from other financial institutions participating in Visa card program and from automated teller machines (ATMs), such as a Visa ATM Network, which 
provide access to the individual credit card system. (Not all ATMs provide such access). You will need to use your Personal Identification Number (PIN) to 
obtain a cash advance from an ATM. The monthly statement will identify the merchant, electronic terminal or financial institution at which transactions were 
made, but sales, cash advances, credit or other slips cannot be returned with the statement. You will retain the copy of such slips furnished at the time of 
the transaction in order to verify the monthly statement. We may make a reasonable charge for photocopies of slips you request. 

10. Returns and Adjustments. Merchants and others who honor the Card may give credit for returns or adjustments, and they will do so by sending 
us a credit slip which we will post to your Account. If your credits and payments exceed what you owe us, we will hold and apply this credit balance against 
future purchases and cash advances, or if it is $1 or more, refund it on your written request. 

11. Foreign Transactions. Payments, purchases and cash advances made in foreign currencies will be charged to your account in U.S. dollars. For 
Visa  transactions,  the  exchange  rate  between  the  transaction  currency  and  the  billing  currency  used  for  processing  international  transactions  is  a  rate 
selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the 
rate Visa itself receives, or the government mandated rate in effect for the applicable central processing date, plus the 1% International Transaction Fee. 

12. Plan Merchant Disputes. We are not responsible for the refusal of any plan merchant or financial institution to honor your Card. We are subject 
to claim and defenses (other than tort claims) arising out of goods or services you purchase with the Card only if you have made a good faith attempt, but 
have been unable to obtain satisfaction from the plan merchant, and: (a) your purchase was made in response to an advertisement we sent or participated 
in sending you, or (b) your purchase cost more than $50 and was made from a plan merchant in your state or within 100 miles of your home. Any other 
disputes you must resolve directly with the plan merchant. 

13. Security Interest. To secure your Account, you grant us a purchase money security interest under the Uniform Commercial Code in any goods 
you  purchase  through  use  of  the  Card.  If  you  default,  we  will  have  the  right  to  recover  any  of  these  goods  which  have  not  been  paid  for  through  our 
application of your payments in the manner described in Paragraph 6. 

14. Security Agreement. The payment of the Credit Card Account shall be secured by all of my Credit Union accounts, shares and certificates 
(excluding Individual Retirement Accounts) I now have or hereafter may have including all accounts I have a right to withdraw from or an ownership 
interest  in.  I  am  giving this  interest to secure  repayment  of my  credit card  account  as  well  as  any  other  amounts  I  now  owe  or  will  owe  the  Credit 
15. Effect of Agreement. This Agreement is the contract which applies to all transactions on your Account even though the sales, cash advances, 
Union. I am giving the Credit Union a security interest in all present and future shares in my account I have with the Credit Union or in which I have an 
credit or other slips you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you any advance written 
interest. I authorize the Credit Union to take those funds, shares or certificates and apply it to my debt if I am in default. The Credit Union may, solely 
notice required by law. Any amendment to this Agreement will take effect on the day it is mailed unless advance notice is required by law. Your use of the 
at its option, allow me to withdraw a portion of my shares without affecting its security interest. Withdrawals may not be allowed if it will reduce the 
Card thereafter will indicate your agreement to the amendments. To the extent the law permits, and we indicate in our notice, amendments will apply to 
amount  of  my  shares  in  the  Credit  Union  below  the  amount  of  my  debt.  I  am  not  giving  a  security  Interest  in  an  IRA,  SEP,  KEOGH,  or  any  other 
your existing Account balance as well as to future transactions. 
account which, if pledged, would result in the loss of special tax treatment under the Internal Revenue Code. 

16.  Governing  Law.  The  terms  and  conditions  of  this  Agreement  are  governed  by  and  construed  in  accordance  with  the  laws  of  the  State  of 

Alabama and any applicable Federal law. 
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15. Effect of Agreement. This Agreement is the contract which applies to all transactions on your Account even though the sales, cash advances,  

credit or other slips you sign or receive may contain different terms. We may amend this Agreement from time to time by sending you any advance written 
notice required by law. Any amendment to this Agreement will take effect on the day it is mailed unless advance notice is required by law. Your use of the 
Card thereafter will indicate your agreement to the amendments. To the extent the law permits, and we indicate in our notice, amendments will apply to 
your existing Account balance as well as to future transactions. 

16.  Governing  Law.  The  terms  and  conditions  of  this  Agreement  are  governed  by  and  construed  in  accordance  with  the  laws  of  the  State  of 

Alabama and any applicable Federal law. 

17.  Delay  in Enforcement.  No delay in enforcement of our rights under this agreement will result in any loss of our rights or relieve you of any of 

your obligation. 

18. Invalidity of Provisions and Captions. If any provision of this agreement is deemed invalid the rest of this Agreement will remain in full force 

and effect. The paragraph headings are for convenience only and do not form a part of this Agreement. 

This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act. 

YOUR BILLING RIGHTS (KEEP THIS NOTICE FOR FUTURE USE) 

NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR LOAN ACCOUNT STATEMENT. If you think your statement is wrong, or if you need 
more  information  about  a  transaction  on  your  statement,  write  us  on  a  separate  sheet  at  the  address  listed  on  your  statement. Write  to  us  as  soon  as 
possible. We must hear from you no later than 60 days after we sent you the first statement on which the error or problem appeared. You can telephone us 
but doing so will not preserve your rights. 

In your letter, give us the following information: ▪Your name and account number. ▪The dollar amount of the suspected error. ▪Describe the error 

and explain, if you can, why you believe there is an error. If you need more information, describe the item you are not sure about.  

If  you  have  authorized  us  to  pay  your  loan  account  automatically  from  your  savings  or  share  draft  account,  you  can  stop  the  payment  on  any 

amount you think is wrong. To stop the payment your letter must reach us three business days before the automatic payment is scheduled to occur. 
YOUR  RIGHTS  AND  OUR  RESPONSIBILITIES  AFTER  WE  RECEIVE  YOUR  WRITTEN  NOTICE.  We  must  acknowledge  your  letter  within  30  days, 
unless we have corrected the error by then. Within 90 days, we must either correct the error or explain why we believe the statement was correct. 

After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to send statements to 

you for the amount you question, including finance charges, and we can apply any unpaid amount against your credit limit. You do not have to pay any 
questioned amount while we are investigating, but you are still obligated to pay the parts of your statement that are not in question. 

If we find that we made a mistake on your statement, you will not have to pay any finance charges related to any questioned amount. If we didn't 
make a mistake, you may have to pay finance charges, and you will have to make up any missed payments on the questioned amount. In either case, we 
will send you a statement of the amount you owe and the date it is due. 

If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation does not satisfy you and you write 
to us within ten days telling us that you still refuse to pay, we must tell anyone we report you to that you have a question about your statement. And, we 
must tell you the name of anyone we reported you to. We must tell anyone we report you to that the matter has been settled between us when it finally is. 

If we don't follow these rules, we can't collect the first $50 of the questioned amount, even if your statement was correct. 

SPECIAL RULE FOR CREDIT CARD PURCHASES. If you have a problem with the quality of property at services that you purchased with a 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 property or 
service. There are two limitations on this right: (a) You must have made the purchase in your home state or, if not within your home state, within 100 miles 
of your current mailing address; and (b) The purchase price must have been more than $50. 

These limitations do not apply if the credit card issuer owns or operates the merchant, or mailed you the advertisement for property or services. 

Interest Rates and Interest Charges 

ANNUAL PERCENTAGE RATE  
(APR) for Purchases and 
Balance Transfers 
Variable Rate Information 

How to Avoid Paying Interest 
on Purchases 

Minimum Interest Charge 
For Credit Card Tips from the 
Consumer Financial Protection 
Bureau 

10.90% 
Your APR will not vary in relation to an index.  However, all terms of your 
Credit Card Agreement are subject to change with 45 days prior notice. 
Your due date is at least 25 days after the close of each billing cycle. We 
will not charge you any interest on purchases if you pay your entire 
balance by the due date each month. We will begin charging interest on 
balance transfers and cash advances on the transaction date. 
None 
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 

Annual Fees 
Transaction Fees 

Fees 

None 

•  Balance Transfer 
•  Cash Advance 
•  Foreign Transactions 

None 
None 
1% International Transaction Fee 

Penalty Fees 

•  Late Payment 

•  Over-the Credit Limit 
•  Returned Payment 

5% of the amount of the scheduled payment in default, with a minimum 
charge of $0.50 and a maximum charge of $25.00 
None 
Up to $30.00 

How  We  Will  Calculate  Your  Balance:   We use a method called “Average Daily Balance (including new 
purchases)’.  See your account agreement for more details. 

MAX.BVGCC                                                                                                                Page 2 of 2                                                                                                        Effective Date 8/2014