American Eagle Financial Credit Union 
Visa® Platinum Rewards Credit Card Agreement, Effective August 1, 2017

1.  Agreement. These  regulations  govern  the  possession  and  use  of  credit 
cards (“card”) issued by American Eagle Financial Credit Union, Inc. (“we” or 
“Issuer”). Each person who applies for a credit card and in whose name the card 
is issued (“you” or “Holder”) consents and agrees to these regulations and to 
the terms contained on the credit cards, sales drafts, credit adjustment memos 
and cash advance drafts, signed by or given to Holder or any authorized user 
of Holder’s cards. When credit cards are issued upon the application of two or 
more persons, all such persons shall be jointly and severally liable as Holders. 
The provisions of these regulations, as amended from time to time, govern 
Holder’s  obligations,  not  withstanding  any  additional  or  different  terms 
contained  in  sales  drafts,  credit  adjustment  memos,  cash  advance  drafts 
or  other  forms  signed  by  or  given  to  Holder  or  any  user  of  Holder ‘s  cards 
to  evidence  a  credit  card  transaction.  Holder  authorizes  an  investigation  of 
Holder’s credit standing prior to the issuance of a credit card to Holder and at 
any time thereafter and authorizes disclosure of information to third parties 
relating to Holder’s credit standing. These regulations apply to all credit cards 
issued  to  Holder  or  to  others  on  Holder’s  authorization  and  to  any  user  of 
Holder’s cards. You agree that the card will only be used for personal, family, 
or household purposes, and will not be used for business purposes. You may 
be  liable  for  the  unauthorized  use  of  the  card  before  you  notify  Issuer. You 
will not be liable for any unauthorized use that occurs after you notify Issuer. 
In  any  case,  your  liability  will  not  exceed  $50. You  agree  to  cooperate  with 
the investigation of the loss, theft, or unauthorized use of the card, including 
providing whatever reasonable information Issuer requires.

2. Membership Fees. As a condition of participation in the issuer’s credit plan 
and the issuance of a card, Holder agrees that there is no annual membership 
fee for VISA consumer and business accounts. The membership fee described 
above entitles the Holder to two VISA cards. Holder agrees to pay a fee for 
each additional card requested.

3. Use of Card. Credit for purchases from a merchant or a cash advance from a 
participating financial institution may be obtained by Holder or an authorized 
user  of  Holder’s  card  presenting  one  of  Holder’s’  cards  to  the  merchant  or 
participating financial institution and, if requested, by providing the proper 
identifying  information  and  signing  the  appropriate  drafts.  Failure  to  sign 
a  draft  does  not  relieve  the  Holder  of  liability  for  purchases  made  or  cash 
received. The  use  of  this  card  for  illegal  transactions  is  prohibited. The  card 
may also be used to obtain cash advances from certain automated equipment 
provided  it  is  used  with  Holder’s  correct  Personal  Identification  Number 
(“PIN”) issued to Holder. Holder may make only two cash advance withdrawals 
totaling  not  more  than  $500  each  day  from  compatible  ATM  terminals. 
Terminals  or  terminal  operators  may  have  other  limits  on  the  amounts  or 
frequency of cash withdrawals. Holder will not be liable for the unauthorized 
use of the card or PIN issued to Holder which occurs before issuer receives 
notification orally or in writing of loss, theft or possible unauthorized use of 
a card or PIN. Lost or stolen cards or PINS should be reported immediately to 
Issuer by notifying CUSTOMER SERVICE, P.O. Box 31535,Tampa, FL 33631-3535, 
and Telephone (866) 839-3485.

4. Use of AEFCU Card Checks. Credit obtained by use of a Balance Transfer 
Check shall be treated as a cash advance. Credit obtained by use of Classic or 
Premier Check shall be treated as a cash advance.

5. Credit Line. Holder will from time to time be informed of the amount of 
the approved credit line established for Holder, and Holder covenants not to 
make credit purchases or borrowings in excess of that amount. Holder is liable 
for all purchases and borrowings made with Holder’s cards by Holder or by 
anyone authorized to use Holder’s cards.

6.  Payment.  Holder  will  be  furnished  a  monthly  statement  for  each  billing 
period at the end of which there is an undisputed debit or credit balance of 
$1.00 or more. Holder shall pay within 25 days after each statement Closing 
Date either (a) the full amount billed (“New Balance”) or, at Holder’s option, 
(b)  a  minimum  Payment  of  2.5%  of  the  New  Balance,  or  $25,  whichever  is 
greater.  Payments  may  be  mailed  to  AEFCU,  P.O.  Box  104,  Brattleboro,  VT 

05302.  Payments  may  be  made,  in  person,  at  a  AEFCU  office.  Payments 
received after 5:00 p.m. on any processing day or at any time on any non-
processing day will be considered as payments made on the following 
processing  day.  All  payments  by  Holder  will  be  applied  first  to  payment 
of  Interest  Charges  in  the  order  of  their  entry  to  the  account,  second  to 
additional fees and credit insurance charges, if any, in the order of their entry 
to the account, third to previously billed cash advances, purchases and other 
similar charges in the order of their entry to the account, and then to current 
cash advances, purchases and other similar charges in the order of their entry 
to the account. If your credits and payments exceed what is owed Issuer, Issuer 
will refund it on your written request or automatically after 6 months.

7.  ANNUAL  PERCENTAGE  RATE  (APR).  The  ANNUAL  PERCENTAGE  RATE 
(APR) will be a VARIABLE rate. Variable rates are calculated by adding together 
a margin and an index. A margin is the percent added to the index to calculate 
APR. The index is the highest U.S. Prime Rate as published in the “Money Rates” 
section of The Wall Street Journal on the last publication day of each month. 
An increase or decrease in the index will cause a corresponding increase or 
decrease in your variable rates on the first day of your billing cycle that begins 
in the same month in which the index is published. An increase in the index 
means  that  you  will  pay  higher  interest  charges  and  have  a  higher  Total 
Minimum Payment Due. If The Wall Street Journal does not publish the U.S. 
Prime Rate, or if it changes the definition of the U.S. Prime Rate, we may, in 
our sole discretion, substitute another index. However, we may choose at our 
option and in our sole discretion to delay an APR increase resulting from an 
increase to the Prime Rate by one or more billing cycles. We do not have to 
give you advance notice of changes to the APR that are due to changes to the 
Prime Rate. Account statements will show the APRs that were in effect during 
the billing cycles covered by the statements.

We  also  reserve  the  right  to  re-determine  the  margin  that  applies  to  your 
Account  more  frequently  than  and/or  on  dates  other  than  those  described 
above when the Prime Rate itself is subject to change. We may review your 
credit worthiness several times a year. Based on changes to various risk factors, 
including  but  not  limited  to,  credit  scores  and  other  information  obtained 
from various outside agencies, your margin (and therefore your APR) may be 
increased or decreased from time to time. However, we will not increase your 
margin during the first year after your Account is opened. If your margin and 
APR are increased due to a change in any of these risk factors, your Account 
will be reviewed semi-annually in an effort to restore your previous margin 
and  previous  APR. We  will  give  you  advance  written  notice  of  the  effective 
date for any increase to the margin and any corresponding increase to your 
APR, as required by applicable law.

An  increase  to  your  APR  (whether  due  to  an  increase  to  your  margin  or  an 
increase to the Prime Rate) will increase the Finance Charges payable on your 
Account until your APR decreases (whether due to a decrease to the Prime 
Rate or a decrease to your margin).

Regardless  of  the  rate  as  determined  by  adding  the  Prime  Rate  and  your 
margin,  the  Annual  Percentage  Rate  will  never  exceed  18%  (a  monthly 
periodic rate of 1.5%).

8. Failure to Make Minimum Payment - Penalty APR. We may increase the 
APR applicable to your outstanding balances to 18% APR (a monthly periodic 
rate  of  1.5%)  if  we  have  not  received  a  required  Minimum  Payment  within 
sixty  (60)  days  after  the  payment  is  due.  If  we  intend  to  increase  your  APR 
under these circumstances, we will give you written notice at least 45 days 
prior  to  the  effective  date  of  the  change. This  increased  APR  will  remain  in 
effect for no longer than six (6) months, provided that you make all required 
Minimum Payments on time during that period. If you fail to make all required 
Minimum Payments on time for six (6) consecutive billing cycles, the 18% APR 
will remain in effect until you do so.

9. FINANCE CHARGES. The PERIODIC RATE (FINANCE CHARGE consisting 
of interest) will be one-twelfth of the APR. You can avoid a FINANCE CHARGE 
on purchases by paying the Total New Balance (including all Purchases, Cash 
Advances,  Balance  Transfers,  finance  charges  and  other  fees)  each  month 
within 25 days of your statement closing date. Otherwise, the New Balance 

of  Purchases  and  subsequent  purchases  from  the  date  they  are  posted  to 
your Account will be subject to FINANCE CHARGE. Cash Advances are always 
subject to FINANCE CHARGE from the date they are posted to your Account. If 
Balance Transfers or Convenience Checks are used, the amount of each we pay 
will be charged to your Account as a Cash Advance and subject to FINANCE 
CHARGES as Cash Advances. 

We  calculate  the  periodic  FINANCE  CHARGE  (interest)  on  your  Account  by 
applying the periodic rate to the average daily principal balances of purchases 
and  Cash  Advances  on  your  Account  (including  new  transactions)  each 
billing cycle. To get the average daily principal balance, we take the principal 
balances  of  purchases  or  Cash  Advances  each  day  during  the  billing  cycle, 
beginning with the principal portion of your Previous Balances, reduced by 
payments you make and credits we apply, and increased by new purchases 
and  Cash  Advances  you  make  and  debit  adjustments  we  make  during  the 
billing cycle. We add up all the daily principal balances and divide the total 
by the number of days in the billing cycle to produce separate average daily 
principal  balances  for  purchases  and  Cash  Advances  to  which  the  periodic 
rate  is  then  applied.  (We  treat  a  credit  balance  as  a  zero  balance  when  we 
figure the average daily principal balance.) 

10. Additional Fees. For a listing of fees charged in association with this card, 
please  see  the  rates  and  fees  disclosure  at  https://www.americaneagle.org/
Loans/VISA-Credit-Card/Forms-Disclosures.aspx. Fees imposed will be posted 
to Holder’s account. 

11.  Security  Interest.  All  credit  advanced  to  Holder  for  credit  purchases 
or cash advances constitutes loans made by Issuer to Holder in the state of 
Connecticut. Issuer disclaims as security for loans made to Holder under these 
regulations any security interest it may at any time have in household goods 
or real property. Except as disclaimed above, loans made to Holder after the 
effective date of these regulations may be secured by collateral given by any 
Holder to secure other loans from Issuer.

12.  Foreign Transactions.    Purchases  and  Cash  Advances  made  in  foreign 
currencies will be billed to you in U.S. dollars. The U.S. dollar exchange rate for 
the foreign currency used for a Purchase or Cash Advance 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. In addition, for transactions processed outside of the 
United States, the Foreign Transaction Fee will apply. 

13. Disputes. Issuer is not responsible for refusal by any merchant, financial 
institution  or  automated  equipment  to  honor  or  accept  a  card.  Except  as 
provided in the federal Truth-in-Lending laws (as indicated in the Summary of 
Billing Rights below), Issuer has no responsibility for merchandise or services 
obtained by Holder with a card and any dispute concerning merchandise or 
services will be settled between Holder and the merchant concerned.

14. Default. Holder covenants to observe and comply with these regulations 
and covenants not to permit an event of default to occur. Upon the occurrence 
of any one or more of the following events of default: (a) Holder fails to pay at 
least the Minimum Payment when due on two occasions within any 12-month 
period; or (b) Holder dies, ceases to exist, changes residency to another state, 
becomes insolvent or the subject of bankruptcy or insolvency proceedings or 

fails to observe any covenant or duty contained in these regulations, if such 
event or breach materially impairs Holder’s ability to pay amounts due; the 
full  amount  of  Holder’s  account  for  which  the  default  occurred  (including 
unpaid  Interest  Charges)  shall,  at  Issuer’s  option  become  immediately  due 
and payable if Holder does not cure the default within 15 calendar days after 
notice is mailed to the address of Holder, or given as otherwise provided by 
law. Issuer has this right, without notice and opportunity to cure. if the default 
is the Holder’s third default within 12 months and the Holder is notified of the 
prior two defaults and the Holder incurred those defaults. Issuer may delay 
enforcing  any  of  its  rights  under  these  regulations  or  under  applicable  law 
without losing those rights or any of its other rights. 

15. Termination. Holder’s consent to these regulations may be terminated 
at any time by surrendering the cards issued to Holder or at Holder’s written 
request, but such termination shall not affect Holder’s obligations as to any 
balances or charges outstanding at the time of termination. Termination by 
any Holder shall be binding on each person in whose name the card is issued. 
If  Holder’s  spouse  terminates  this  credit  plan,  the  full  amount  of  Holder’s 
account (including unpaid Interest Charges) may be declared immediately due 
and payable. Issuer may terminate Holder’s privilege to use the cards if Holder 
moves out of the service area of Issuer, as defined by Issuer from time to time. 
Unless sooner terminated, the privilege to use the cards shall expire on the 
date shown on the cards. At any time, without liability to Holder and without 
affecting Holder’s liability for credit previously extended, Holder’s privilege to 
use the cards may be revoked or limited to the extent not prohibited by law. 
The cards are and shall remain the property of Issuer and Holder agrees to 
surrender them to Issuer upon demand.

16.  Amendments.  Issuer  may  amend  these  regulations  from  time  to  time 
by sending Holder advance written notice not less than 90 days prior to the 
effective date for any change that is either adverse to Holder’s outstanding 
balance or increases certain fees, as required by applicable law, from time to 
time, or not less than 15 days prior to the effective date for other changes, or 
as may otherwise be required or permitted by law. To the extent that Issuer 
indicates in the notice and that the law permits, amendments will apply to 
Holder’s existing account balance as well as to future transactions. Notices are 
deemed given when mailed by Issuer to any Holder to the current address for 
mailing monthly statements. Invalidity of any provision of these regulations 
shall not affect the validity of any other provisions.

17.  Rewards  Program  Terms  &  Conditions.  A  complete  list  of  rules  and 
conditions  is  available  on  the  Program  web  site  at  www.scorecardrewards.
com or at any of our branch offices. 

18.  Statement  of  Military  Annual  Percentage  Rate.  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).

19. Governing Law. Holder agrees these regulations are governed by the law 
of Connecticut to the extent not preempted by federal law.

VisaPlatinum Rewards Credit Card Agreement
315-801 (Rev. 8/2017)