VISA®, VISA® PLATINUM, VISA® PLATINUM REWARDS CREDIT CARD AGREEMENT AND  
TRUTH IN LENDING DISCLOSURE PROVISIONS 

Notice: Read and retain this copy of your Credit Card Agreement and Disclosure Statement for future reference. 

This A
your VISA®, VISA® Platinum, VISA® Platinum rewards account(s) 
governs the issuance and use of Convenience Checks, Balance Transfers, and Cash Advances.  In this Agreement, the words 

covers 
.  This Agreement also 

whom we issue Cards at your re

).  You and we are sometimes collectively called the 

. By applying for the Card or by signing or using the Card, you have agreed to be bound by 

the terms of this Agreement. 

CONSENSUAL SECURITY INTEREST: You agree to give us a security interest in any and all funds on deposit in accounts 
in which you have an ownership interest, both now and in the future, with the exception of retirement accounts or any other 
accounts that would lose special tax treatment under state or federal law if given as security. The granting of this security 
interest is a condition for the issuance of any Card that you may use, directly or indirectly, to obtain extensions of credit 
under the Agreement. This means that, if you are in default, we can, without prior notice to you, take funds from any eligible 
account(s) in which you have an ownership interest and apply them as a credit against your Account in any amount available 
up to the entire balance. Collateral securing other loans you have with us may also secure this loan. 

1.  The following terms have these meanings in the Agreement: 

-digit number on the face of your Card. 

 means your Balance together with all Fees and finance charges that accrue thereon until the date on which 

our records reflect that you owe no amounts to us (no debit balance) and we owe no amounts to you (no credit 
balance). 

a transfer of a credit balance from another credit Card account to your Card. 

considered Cash Advances: requesting cash in person at any branch; making a credit transaction at participating ATM 
network machines; making a credit transaction through online banking; fund a wire transfer; purchasing money 
orders, travelers checks, lottery tickets, or using convenience checks. 

ean a convenience check that we may provide to you from time to time.  It shall be 

deemed to be an authorization for a Cash Advance. 

.  The following transactions are 

your Cre
may reduce, suspend, or terminate your credit limit at any time without prior notice for any reason not prohibited by 
law. 

however, we 

l mean use of your Card or Account Number to purchase or lease goods and/or services.  Even 

though certain Transactions may be considered purchases, certain quasi-cash Transactions shall accrue a finance 
charge at the rate set out for Cash Advances.  These quasi-cash Transactions include, but are not limited to:  funding 
transfers for security and brokerage accounts, making child support or other court payments; posting bail or bond; 
making tax payments; betting and advancing funds at track or casino. 

limitation, general partnerships, limited partnerships, and limited liability partnerships), limited liability company, 
joint venture, business trust, association or other legal entity other than us. 

Check or (d) make a Balance Transfer, as applicable. 

(a) make a Credit Purchase (b) obtain a Cash Advance, (c) use a Convenience 

implied, or apparent authority for such use, and from which you receive no benefit. 

1 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2.     Ownership of Your Card. The Card(s) issued to you remains our property.  You may surrender them at any time and 

you must recover and surrender all Cards upon our request and upon termination of this agreement.

4. 

3. Change of Name or Address.  You agree to notify us of any change in your name or address within fifteen (15) days 
of the change by calling 1-800-BELLCO-1 (1-800-235-5261) or in writing at PO BOX 2068, Glen Burnie, MD 21060 Attn: 
Card Services. 
Investigation Authorization. You authorize us to investigate your credit record and verify your credit, employment 
and income and further authorize any person, association, firm, corporation or personnel office to furnish on our 
request, information pertinent to evaluation of your creditworthiness. You authorize us to obtain information 
concerning your creditworthiness from consumer reporting agencies, now and in connection with updates, renewals, 
and later credit extensions. If we take adverse action on your account as a result of information obtained from a 
consumer reporting agency, we will advise you of that fact and supply you with a name and address if the reporting 
agency making the report. 
Joint Applicant Liability. If more than one person is listed on the Account, each of you shall be jointly and individually 
liable to us for all charges made to the Account, including applicable fees. In addition, you agree that each of you 
designates the other as agent for the purpose of making purchases extended under this Agreement and each use of 
your Account shall be an extension of credit to all. Notice to one of you shall constitute notice to all. Any Card holder 
may close the Account at any time by notifying us in writing. However, removal from the Account does not release you 
from liability already occurred. 

5. 

6.  Amendments Modifications. We have the right to change the terms of this agreement from time to time after giving 
you any advance notice required by law. Any changes will apply to future purchases and cash advances.  In our sole 
discretion and subject to applicable law, the change in terms may also apply to unpaid balances. 

7.  Credit Limit.  We will establish a line of credit for you and notify you of its amount when the Card is sent to you.  You 
promise that payments we make for your Account resulting from use of the Card will at no time cause the outstanding 
balance of your Account to exceed your credit limit as established by us or as adjusted from time to time at our 
discretion.  Notwithstanding the foregoing, in our discretion, we may choose to approve a transaction you have 
requested that would cause you to exceed your approved credit limit and you will be responsible for such 
transactions.  We are not responsible for any losses or damages, including consequential damages, if a transaction on 
your account is declined, either by us or a third party, even if you have sufficient credit available.  Each payment you 
make on the Account will restore your credit limit by the amount of the payment applied to the principal balance of 
purchases and cash advances.  However, updates to your credit limit and funds availability may take up to three bank 
business days.  We have the right to reduce, suspend, or terminate your credit limit at any time without prior notice for 
any reason not prohibited by law, but such action does not affect your obligation to pay the account balance.  You may 
request an increase in your credit limit only by written or telephone application to us, which must be approved by our 
loan officers.   

8.  Acknowledgement. You acknowledge receipt of a copy this agreement. We will not be liable if an electronic terminal 
fails to function for any reason, whether or not this malfunction is known to you; nor if a Card previously reported lost 
or stolen is recovered and attempted to be used either at any electronic terminal or through a merchant before we have 
been notified and have had ample time to reinstate the Card.   

9.  Promise to Pay. You promise to pay in U.S. dollars for (a) all purchases, cash advances, and balance transfers made by 
you or anyone whom you authorize to use the Card or Account; (b) finance charges and other charges or fees; (c) 

and (d) credit in excess of your credit limit that we may extend to you. You cannot disclaim responsibility by notifying us, 
but we will close the account for new transactions if you so request and 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 
party, may direct you or one for the other persons responsible to pay the account.  Any person using the Card is jointly 
and severally responsible with you for charges he or she makes, but if 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. 

10.  Finance Charge.  We will impose finance charges on your Account by applying the Periodic Rate to your average daily 

balance (Credit Purchases, Balance Transfers and Cash Advances). 

11.  Balance Computation Method for Purchases and Balance Transfers: Average daily balance method 

(including current transactions): We figure the finance charge on your account by applying the periodic rate to the 

account each day, add any new purchases and balance transfers as of the transaction date, and subtract any unpaid 
interest or other finance charges and any payments or credits.  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.  This gives us the 

  You may owe finance charges even if you pay the entire 

do so for previous month(s). 

12.  Balance Computation Method for Cash Advances: We figure the finance charge on your account by applying the 

,

periodic rate to the 
take the beginning balance of your Cash Advance account(s) each day, and subtract any unpaid interest or other finance 

Cash Advance account(s)

,

2 

 
 
charges and any payments or credits.  This gives us the daily balance.  Then, we add up all the daily balances for the 

13.  Fees and Charges. Please refer to the Account Opening Disclosure. 
14.  Acceleration: If you are in default, we may, without prior notice to you, call any amounts you still owe immediately 

due and payable plus finance charges which shall continue to accrue until the entire amount is paid. You expressly waive 
any right to notice or demand, including but not limited to, demand upon default, notice of intention to accelerate and 
notice of acceleration. The Card remains the property of the Credit Union at all times and you agree to immediately 
surrender the Card upon our demand. You agree to pay all reasonable costs of collection, including court costs and 

. 

15.  Credit Insurance: Credit insurance is not required for any extension of credit under the Agreement. However, if 

available, you may purchase credit insurance through us or an authorized agency and have the premium added to the 
outstanding balance in your Account. If you elect to do so, you will be given the necessary disclosures and documents 
separately. 

16.  Monthly payment. We will mail you a statement or you may go online every month provided you have an outstanding 
balance. You must pay, in U.S. dollars; at least the Minimum Payment Due by the payment due date or you will be in 
default. The minimum payment will be disclosed on your statement based on the disclosure contained in this 
agreement. 

17.  Minimum Payment Due. The minimum payment due each month will be either (a) the entire Balance shown on your 
billing statement if the Balance is less than $10.00; or (b) the greater of $10.00 or 2% of the Balance rounded up to the 
next dollar.  You must pay the Minimum Payment by the Due Date to avoid being in Default.  You may at any time pay 
all or any part of your Balance without penalty. 

18.  Late charge. If we do not receive your required minimum payment within 10 days of the payment due date, you will be 
charge a late payment fee as set forth in the Additional Disclosures. In no event will the late payment fee exceed the 
amount of the minimum payment due for the applicable statement period.  

19.  Balance Transfers: If you request a balance transfer to be made, you should not rely on a balance transfer to be made 
by any particular date. Although most balance transfers will be made sooner, it could take up to three weeks before 
payment to your other Account is made. Accordingly, you should continue to make all required payments on your other 
accounts until you confirm that the balance transfer has been made. Balance transfers may not exceed your available 
credit. Balance transfer requests will be processed in the order you list them on the balance transfer request form or 
additional sheet if included. If a balance transfer request is more than the available credit limit, we will automatically 
lower the balance transfer amount to your available credit and complete the transfer. We will not close your other 
accounts, even if you transfer the entire balance. Balance transfer cannot be used to pay towards Bellco loan balances. 
If you want to close your other accounts, you should contact the issuer directly. Transfer of a balance that contains 
disputed purchases or other charges may cause you to lose any dispute rights you may have with regard to those 
purchases or other charges. There is no grace period for balance transfers. 

20.  Convenience Checks: We may issue checks at our discretion that may be used for any purpose other than making 

payment for credit to your Account. By signing such checks, you authorize us to pay the item for the amount indicated 
and post such amount as a cash advance to your Account. We do not have to pay any item that would cause the 
outstanding balance in your Account to exceed your credit limit. 

21.  Card Signature Panel: Upon receipt of your new or reissued Card, you must sign the signature panel on the back of 

the Card. If the signature panel is not signed, merchants are not required to accept your Card. 

22.  Credit Authorizations.  Certain purchases and cash advances will require our authorization prior to completion of the 
transaction.  In some cases, you may be asked to provide identification.  If our authorization system is not working, we 
may not be able to authorize a transaction, even if you have sufficient available credit, we will not be liable to you if any 
of these events happen.  We are not responsible for the refusal of any plan merchant or financial institution to honor 
your Card.  

23.  International Transactions and Currency Conversions. Purchases and Cash Advances made in a foreign currency 
or made outside the United States will be debited from your account in U.S. dollars. A 1% International Transaction Fee 
will be assessed by Visa on all transactions where the merchant country differs from the country of the Card issuer. The 
exchange rate for transactions in a foreign currency will be assessed 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 1%.  In addition, an 
International Service Assessment of 0.8% will be assessed on foreign transactions that do not involve a currency 
conversion (i.e., a purchase in Mexico in U.S. dollars). 

24.  Crediting of Payments: All payments made on your Account at (i) the address designated for payment on the monthly 
periodic statement, (ii) through the Bellco.org website or (iii) made to a member service representative at any of our 
branch offices will be credited to your Account as of the date of receipt. If the date of receipt for a mailed payment or a 
payment made at a branch drop box is not a business day, your payment will be credited on the first business day 
following receipt. The required minimum payment for your Account will be applied first to collection costs, then to any 
finance charges, and then to the unpaid principal balance. Interest paid or agreed to be paid shall not exceed the 
maximum amount permissible under applicable law, and in any contingency whatsoever, if we shall receive anything of 

3 

 
 
value deemed interest under applicable law which would exceed the maximum amount of interest permissible under 
applicable law, the excessive interest shall be applied to the reduction of the unpaid principal amount or refunded to 
you. Payments made in excess of the required minimum payment will be applied to the balance with the highest APR 
before any such excess payments are applied to balances with lower APRs.

25.  Default. If you do not make at least the Minimum Payment Due on or before the Payment Due Date each month, you 
will be in default.  You will also be in default if your ability to repay us is materially reduced by a change in your 
employment, increase in your obligations, bankruptcy or insolvency proceedings involving you, your death or your 
failure to abide by this agreement, or if the value of your security interest materially declines.  We have the right to 
demand immediate payment of your full account balance if you default, subject to our giving you notice required by law.  
To the extent permitted by law, you will also be required to pay all collection costs, including court costs and reasonable 
attorney fees of 15% of the unpaid debt after default, plus any fees incurred as a result of bankruptcy. 

26.  Liability for Unauthorized Use, Lost or Stolen Cards, and Zero Liability Protection. You may be liable for the 
unauthorized use of your Card, Account Number, or Convenience Checks that occurs prior to you notifying us of such 
use.  If your Card is lost or stolen, or if you think that someone is using your Card, Account Number, or Convenience 
Checks without your permission, notify us immediately, orally or in writing, at: 
                                                         Bellco Credit Union 
                                                         Credit Card Department 
                                                         PO Box 2068  
                                                         Glen Burnie, MD 21060 
                                                         1-800-227-8740 
You will not be liable for unauthorized use processed by Visa unless you were engaged in fraud or were negligent in the 
handling of your card.  Your liability shall not exceed $50.00 or the amount of money, goods, or services obtained by the 
unauthorized use before you notify us, whichever is less.  In any case, you will not be liable for unauthorized use that 
occurs after you notify us, either by telephone or in writing, of the loss, theft, or possible unauthorized use of your Card, 
Account Number, or Convenience Checks and we have had a reasonable opportunity to act on such notice. You agree to 
assist us in determining the facts, circumstances and other pertinent information relating to any loss, theft, or possible 
unauthorized use of your card.  In no event shall we be obligated to reissue a lost or stolen Card.   

27.  Questions and Billing Errors. Please let us know right away if you have any questions about your statement of 
account.  If you think we have made a mistake in your statement, please refer to the billing rights located in your 
Account Opening Disclosures or the billing error statement included with your monthly statement. This tells you your 
rights to dispute billing errors.  

28.  Assignment of Account.  Cards and Convenience Checks issued under this Agreement are our property and you must 
surrender them to us upon demand.  We may cancel or repossess Cards and Convenience Checks, and revoke your 
privilege to use them, at any time without prior notice. We have the right to assign and transfer your Account and any of 
our rights under this Agreement without your consent or notice to you. The Person to whom the Account and 
Agreement is assigned shall be entitled to all of our rights under this Agreement.  You cannot transfer or assign your 
Account or Card to anyone. 

29.  Governing Law.  This agreement will be governed by the laws of the State of Colorado and applicable federal laws. If 

any part of this agreement becomes unenforceable, it will not make any other part unenforceable. 

30.  Illegal Use.  You agree not to use and will not permit anyone else to use the Card unlawfully or for any illegal purpose, 

activity, or transaction. 

IMPORTANT NOTICE FOR ACTIVE MEMBERS OF THE MILITARY AND THEIR DEPENDENTS 

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).  To receive this notice verbally or to receive a description of your payment obligations, please call 1-
800-BELLCO-1 (1-800-235-5261) during our normal business hours. 

The following applies if at the time you open this Account you are an active member of the military or a dependent of 
an active member of the military (as those terms are defined in the Military Lending Act, 10 U.S.C. 987 and its 
implementing regulations), and (a) your loan is unsecured or secured by personal property or a vehicle that you did 
not purchase with the proceeds of the loan; or (b) it is otherwise determined by law that the MLA applies to your loan.  
4 

 
 
 
 
 
 
 
 
 
If this loan is a revolving line of credit or credit card, the MLA ceases to apply at any time during which you are not a 
member of the military or a dependent. 

This Agreement will not be secured by a consensual lien on shares or deposits in any of your accounts unless you 
specifically agree to establish an account in connection with this loan ("Secured Account"). Only funds deposited into 
the Secured Account after the loan is made will secure this loan. Any cross-collateralization provision contained in 
your Agreement or membership documents will not apply to the Secured Account or your other share or deposit 
accounts for any Account subject to the Military Lending Act. However, with regard to this Account, we reserve our 
statutory lien rights and any resulting rights to set-off or administrative freeze under federal or state law, which gives 
us the right to apply the sums in the Secured Account or any other account(s) you have with us to satisfy your 
obligations under this Agreement.  

Any reference in this Agreement to the following are hereby inapplicable to your Account: (a) mandatory arbitration; 
(b) any requirements to waive your rights to legal recourse under any applicable state or federal law; (c) any demands 
or requirements construed as unreasonable notice form you in order to exercise your legal rights; or (d) prepayment 
penalties.  Any contract terms in your Agreement or membership documents that contradict the above or the MLA 
with regard to this Account are hereby deleted.  All other terms and conditions of the Agreement shall remain in full 
force and effect. 

5