Platinum Rewards  
VISA Credit Card 
Agreement and Federal 
Truth-In-Lending 
Disclosure Statement

EFFECTIVE:  December 21, 2009
IMPORTANT DOCUMENT
PLEASE KEEP FOR YOUR RECORDS

LOST OR STOLEN CARDS
(866) 604-0381
(727) 570-4881

Federally Insured by the NCUA

16150 SHERMAN WAY, VAN NUYS, CA 91406
PHONE (877) 695-2732 FAX (818) 787-3273
www.lapfcu.org 

1

In this Platinum Rewards VISA Credit Card Agreement and Federal Truth-
in-Lending Disclosure Statement (“Agreement”) the words “I”, “me”, “my” 
and “mine” mean each and all of those who apply for, or who sign for 
or use the Card and/or Account.  The words “Credit Union”, “LAPFCU”, 
“you”, “your”, and “yours” mean Los Angeles Police Federal Credit Union.  
“Card” means the Platinum Rewards VISA Credit Card(s) issued to me 
and any duplicates and/or renewals you may issue.  “Account” means 
my Platinum Rewards VISA Credit Card Account with you. 

By requesting and receiving, signing, using or permitting others to use 
the Card and/or Account issued to me by you, I agree to be bound by 
the terms and conditions as set forth herein and any amendments and/
or change in terms thereto. 

NOTICE:  THIS  DOCUMENT  CONTAINS  PROVISIONS  FOR  A 
VARIABLE ANNUAL PERCENTAGE RATE. 

AUTHORIZATION AND PAYMENT:  I authorize you to pay and charge 
my Account for all Purchases and Cash Advances made or obtained by 
me or anyone I authorize to use my Card or Account.  I will be obligated 
to pay all such Purchases and Cash Advances charged to my Account 
whether resulting from: (1) actual use of my Card or Convenience Checks; 
(2)  mail  order  or  telephone,  computer,  or  other  electronic  Purchases 
made without presenting the Card; or (3) any other circumstance where 
I authorize a charge, or authorize someone else to make a charge, to 
my  Account  (collectively, “authorized  charges”).    I  promise  to  pay  you 
or to your order in U.S. Dollars with an instrument drawn on a financial 
institution in the United States at your office or at the address set forth 
on my periodic statement all authorized charges on the terms and at the 
rates set forth herein, plus any FINANCE CHARGES assessed on my 
Account, and any other charges and fees which I may owe you under 
the  terms  of  this  Agreement  (the  “Account  Balance”).    Payments  will 
continue  until  I  have  paid  in  full  the  Account  Balance.   To  protect  me 
and  you,  you  may,  in  your  sole  discretion,  place  a  temporary  hold  on 
the credit available to me any time you receive a payment of $1,000 or 
more from me via a payment method other than cash, certified funds or 
electronic transfer.  In such cases, the hold on my available credit will 
remain in place until payment is actually collected by you.

CHANGE OF TERMS:  Account and agreement terms are not guaranteed 
for  any  period  of  time.    I  understand  and  agree  that  you  may  amend, 
modify,  add  to,  or  delete  from  this  Agreement  any  of  its  terms  and 
conditions, including financial terms such as the method of application 
and the amount of any FINANCE CHARGE, ANNUAL PERCENTAGE 
RATE,  monthly  periodic  rate  and/or  fee  in  accordance  with  applicable 
laws, by mailing a notice of the change to me at my last known address.  
I also understand that in the event of a significant change, as defined 
under the federal Truth in Lending Act, any such notice will be mailed 
at least forty-five (45) days prior to the effective date of the significant 
change  as  required  by  applicable  law.    I  will  have  the  right  to  reject 
significant changes to this Agreement prior to the effective date of such 
changes, unless I fail to make a required minimum payment within sixty 
(60)  days  after  its  due  date.    If  I  reject  any  such  significant  change, 
you reserve the right to close my Account and require me to repay the 
Account Balance at terms no less favorable to me than your choice of 
the  following:    (1)  in  accordance  with  the  terms  of  this  Agreement  in 
effect as of the date I notify you of my rejection; (2) by recalculating my 
Minimum Monthly Payment based on a five (5) year amortization of my 
Account  Balance  from  the  date  I  notify  you  of  my  rejection;  or  (3)  by 
recalculating my Minimum Monthly Payment based on a percentage of 
the Account Balance that is no more than twice the percentage required 
on the date I notify you of my rejection.  Regardless of whether I reject 
the  significant  changes,  the  new  terms  will  apply  to  any  transactions 
that occur more than fourteen (14) days after you provide notice of the 
change in terms to me.  You may change the terms of this Agreement 
based  on  information  in  my  credit  report,  market  conditions,  business 
strategy or for any other reason.  Notice of a change in terms is required, 
but may be sent as late as the effective date of the change where the 
change has been agreed to in writing, by me.

FINANCE  CHARGES:    The  FINANCE  CHARGE  for  a  billing  cycle 
will be the sum of three (3) components set forth below.  I understand 
and  agree  that  under  the “Change  of Terms”  section  above,  you  have 
the  right  in  your  sole  and  absolute  discretion  to  change  the  amount 
of  any  ANNUAL  PERCENTAGE  RATE,  Monthly  Periodic  Rate  and/or 
FINANCE CHARGE that may apply to my Account. 

1. 

Cash  Advance  Fee
:    One  (1)  component  of  the  FINANCE 
CHARGE  is  the  Cash  Advance  Fee.  Cash  Advance  transactions 

2

2. 

are subject to a Cash Advance Fee which shall be the greater of 
$2.00 or 2% of the amount of the advance which is posted to the 
Account during the billing cycle, but not to exceed $25.00 per Cash 
Advance.    In  addition,  a  Cash  Advance  Fee  may  not  cause  the 
FINANCE  CHARGE  to  exceed  the  maximum  rate  permitted  for 
a federal credit union. Cash Advances are subject to the Monthly 
Periodic Rate (see below) during the billing cycle in which the Cash 
Advance Fee is imposed. 

Foreign  Transactions  Fee
:    The  second  (2nd)  component  of  the 
FINANCE CHARGE is the Foreign Transactions Fee.  Purchases, 
Cash Advances, and credit transactions made in foreign currencies 
are  subject  to  a  Foreign  Transactions  Fee  FINANCE  CHARGE 
of 1.0% of the amount of the Purchase, Cash Advance, or credit 
transaction which is posted to the Account during the billing cycle. 
International  Purchases,  Cash  Advances,  and  credit  transactions 
that  are  not  made  in  foreign  currencies  are  subject  to  a  Foreign 
Transactions Fee FINANCE CHARGE of .8% of the amount of the 
Purchase, Cash Advance, or credit transaction which is posted to 
the Account during the billing cycle.

3.  Monthly Periodic FINANCE CHARGE, Monthly Periodic Rate, and 
ANNUAL PERCENTAGE RATE for Cash Advances and Purchases:  
The  third  (3rd)  component  of  the  FINANCE  CHARGE  is  the 
Monthly Periodic FINANCE CHARGE.  The initial monthly periodic 
rate is a discounted monthly periodic rate with an initial discounted 
ANNUAL PERCENTAGE RATE as disclosed on the enclosed insert 
which accompanies this Agreement and is incorporated herein by 
this  reference  as  though  set  forth  in  full.    The  initial  discounted 
monthly  periodic  rate  will  remain  in  effect  during  my  first  six  (6) 
monthly billing cycles, unless I fail to make a payment when due or 
I make a payment that is returned (for further information, please 
refer  to  the  PENALTY  ANNUAL  PERCENTAGE  RATE  section 
below). Thereafter,  the  Monthly  Periodic  Rate  used  in  calculating 
the Monthly Periodic FINANCE CHARGE for Cash Advances and 
Purchases is based upon the Prime Rate rounded to the nearest 
1/100 of 1% as published in the “Money Rates” section of the print 
edition of the Wall Street Journal as of March 1, June 1, September 
1  and  December  1  of  each  year  (the  “Index”).        Following  the 
discounted  period,  my  ANNUAL  PERCENTAGE  RATE  for  Cash 
Advances and Purchases is determined by adding a Margin to the 
Index in effect as of the first (1st) day of the month preceding the 
month of my “Adjustment Date” (defined below).  The Index, Margin 
and  Initial  Monthly  Periodic  Rate  in  effect  as  of  the  date  of  this 
Agreement that would have been used in calculating the monthly 
Periodic FINANCE CHARGE (applying the formula below) and the 
corresponding  initial  ANNUAL  PERCENTAGE  RATE  is  also  set 
forth in the enclosed insert which accompanies this Agreement and 
is incorporated herein by this reference as though set forth in full.  

Following  the  discounted  period  described  above,  my  ANNUAL 
PERCENTAGE  RATE  may  increase  or  decrease  every  quarter.  
Any such change will be based on an increase or decrease in the 
Index as set forth below.  In the event that the Prime Rate ceases to 
be published, changes in the ANNUAL PERCENTAGE RATE will 
be related to a comparable Index.  You may waive an increase in 
the ANNUAL PERCENTAGE RATE when such an increase can be 
made, but such a waiver shall not be construed as a waiver of your 
right  to  increase  the  ANNUAL  PERCENTAGE  RATE  at  a  future 
date when entitled to do so.  

Following  the  discounted  period,  my  ANNUAL  PERCENTAGE 
RATE  is  subject  to  change  quarterly  on  the  day  following  my 
“Statement  Closing  Date.”    These  dates  shall  be  known  as 
“Adjustment  Dates.”    For  example,  the  Index  in  effect  on  March 
1  shall  be  used  to  calculate  the  ANNUAL  PERCENTAGE  RATE 
change effective as of the first day of the next billing cycle in April 
of the same year.  The Index in effect on June 1 shall be used to 
calculate the ANNUAL PERCENTAGE RATE change effective as 
of  the  first  day  of  the  next  billing  cycle  in  July  of  the  same  year.  
The Index in effect on September 1 shall be used to calculate the 
ANNUAL PERCENTAGE RATE change effective as of the first day 
of  the  next  billing  cycle  in  October  of  the  same  year.   The  Index 
in effect on December 1 shall be used to calculate the ANNUAL 
PERCENTAGE  RATE  change  effective  as  of  the  first  day  of  the 
next billing cycle in January of the following year.  

There is no maximum ANNUAL PERCENTAGE RATE during the 
term of this Agreement, except that the maximum may not exceed the 
maximum ANNUAL PERCENTAGE RATE permitted federal credit 
unions at the time of each ANNUAL PERCENTAGE RATE change.  
The minimum ANNUAL PERCENTAGE RATE during the term of 
this Agreement is 5.90%.  There are no annual (or other) limitations 
on changes in the ANNUAL PERCENTAGE RATE during the term 
of  this  Agreement.    Decreases  in  the  ANNUAL  PERCENTAGE 
RATE  in  accordance  with  the  terms  of  this  Agreement  are 
mandatory.    Increases  in  the  ANNUAL  PERCENTAGE  RATE  in 
accordance with the terms of this Agreement are at your discretion.  
Any increase or decrease in the ANNUAL PERCENTAGE RATE 
will  result  in  changes  in  the  amount  and/or  number  of  payments 
required to repay the unpaid balance.  Each change in the ANNUAL 
PERCENTAGE RATE and Monthly Periodic Rate will apply to any 
outstanding balance on the effective date of such change as well 
as  to  future  Purchases  and  Cash  Advances.   Written  notice  of  a 
change  in  the  Index  and  ANNUAL  PERCENTAGE  RATE  will  be 
provided  to  me  on  my  billing  statement  prior  to  the  billing  cycle 
in  which  the  new  Index  and  ANNUAL  PERCENTAGE  RATE  will 
apply. 

The  Monthly  Periodic  Rate  is  determined  by  dividing  the  ANNUAL 
PERCENTAGE  RATE  by  12  and  will  change  when  the  ANNUAL 
PERCENTAGE RATE changes.  

HOW  TO  COMPUTE  THE  PURCHASE  BALANCE  (CONSISTING 
OF TRANSACTIONS  RELATED TO  PURCHASES  OF  GOODS  AND 
SERVICES)  UPON  WHICH  PERIODIC  FINANCE  CHARGES  ARE 
ASSESSED: 

Average  Daily  Balance  (including  current  Purchase  transactions):    To 
avoid incurring an additional Periodic FINANCE CHARGE on the balance 
of Credit Purchases reflected on my periodic statement and on any new 
Credit Purchases appearing on my next periodic statement, I must pay 
the New Balance shown on my statement on or before the Payment Due 
Date.  You figure a portion of the FINANCE CHARGE on my Account 
by applying the Monthly Periodic Rate to the Average Daily Balance of 
Credit Purchases (including current Purchase transactions).  To get the 
Average Daily Balance of Purchase transactions you take the beginning 
balance of Purchase transactions on my Account each day, add any new 
Purchases, and subtract any payments or credits, and unpaid FINANCE 
CHARGES.  This gives you the daily balance of Purchase transactions.  
Then, you add up all the daily balances of Purchase transactions for the 
billing cycle and divide the total by the number of days in the billing cycle.  
This gives you the Average Daily Balance of Purchase transactions.  I 
have a 25 day grace period from the close of the statement period to pay 
the New Balance of Purchase transactions without incurring additional 
FINANCE CHARGES.  If the New Balance of Purchase transactions is 
not  paid  in  full  during  this  grace  period,  FINANCE  CHARGES  will  be 
assessed using the Average Daily Balance method as explained above.

MINIMUM  FINANCE  CHARGE:    A  minimum  FINANCE  CHARGE 
of  $0.50  will  be  assessed  whenever  a  monthly  Periodic  FINANCE 
CHARGE is imposed. 

This determines my total periodic FINANCE CHARGES for the billing 
cycle.    Actual  periodic  FINANCE  CHARGES  will  be  shown  on  my 
periodic statement. 

PENALTY  ANNUAL  PERCENTAGE  RATE:    A  penalty  ANNUAL 
PERCENTAGE  RATE  of  17.9%  (corresponding  monthly  periodic  rate 
of  1.492%)  may  be  applied  to  my  Account  Balance  if  I  fail  to  make  a 
payment when due or I make a payment that is returned.  You will provide 
me  notice  of  such  penalty  ANNUAL  PERCENTAGE  RATE  at  least 
forty-five  (45)  days  prior  to  the  effective  date  of  the  penalty  ANNUAL 
PERCENTAGE RATE.  I will have the right to reject the penalty ANNUAL 
PERCENTAGE RATE prior to the effective date of such penalty ANNUAL 
PERCENTAGE RATE, unless I fail to make a required minimum payment 
within sixty (60) days after its due date.  If I reject the penalty ANNUAL 
PERCENTAGE RATE, you reserve the right to close my Account and 
require me to repay the Account Balance at terms no less favorable to 
me than your choice of the following:  (1) in accordance with the terms 
of this Agreement in effect as of the date I notify you of my rejection; (2) 
by recalculating my Minimum Monthly Payment based on a five (5) year 
amortization  of  my  Account  Balance  from  the  date  I  notify  you  of  my 
rejection; or (3) by recalculating my Minimum Monthly Payment based 
on a percentage of the Account Balance that is no more than twice the 
percentage required on the date I notify you of my rejection.  Regardless 
of  whether  I  reject  the  penalty  ANNUAL  PERCENTAGE  RATE,  such 
rate  will  apply  to  any  transactions  that  occur  more  than  fourteen  (14) 
days  after  you  provide  notice  of  the  penalty  ANNUAL  PERCENTAGE 
RATE  to  me.    My  ANNUAL  PERCENTAGE  RATE  will  revert  to  the 
applicable  “standard”  ANNUAL  PERCENTAGE  RATE  provided  for 
in  this  Agreement,  provided  that  I  make  six  (6)  consecutive  Minimum 
Monthly Payments when due.

HOW TO COMPUTE THE CASH ADVANCES BALANCE (CONSISTING 
OF TRANSACTIONS  RELATED TO  CASH  AND  OTHER  ADVANCE 
TRANSACTIONS)  UPON  WHICH  PERIODIC  FINANCE  CHARGES 
ARE ASSESSED: 

Average Daily Balance (including current Cash Advance transactions):  
You  figure  a  portion  of  the  FINANCE  CHARGE  on  my  Account  by 
applying  the  Monthly  Periodic  Rate  to  the  Average  Daily  Balance  of 
Cash Advances (including current Cash Advances).  To get the Average 
Daily  Balance  of  Cash  Advance  transactions  you  take  the  beginning 
balance  of  Cash  Advance  transactions  on  my  Account  each  day,  add 
any  new  Cash  Advances,  and  subtract  any  payments  or  credits,  and 
unpaid  FINANCE  CHARGES.    This  gives  you  the  daily  balance  of 
Cash  Advance  transactions.   Then,  you  add  up  all  the  daily  balances 
of Cash Advance transactions for the billing cycle and divide the total 
by the number of days in the billing cycle.  This gives you the Average 
Daily Balance of Cash Advance transactions.  There is no grace period 
in  order  to  avoid  the  imposition  of  FINANCE  CHARGES  on  Cash 
Advances.  However, the combination of periodic FINANCE CHARGES, 
Cash Advance Fee and Foreign Transactions Fee, will not exceed the 
ANNUAL PERCENTAGE RATE permitted under applicable law.

3

CREDIT  LIMIT:    You  will  establish  a  Credit  Limit  for  me.  At  your 
discretion, you may increase or decrease my Credit Limit at any time, 
and may provide separate limits for Purchases and Cash Advances.  You 
will notify me if you do, either by mail or through my periodic statement.  
If I object to any Credit Limit increase, I must notify you immediately in 
writing.  Upon receipt of such notice, my Credit Limit will be reduced to 
its prior limit, however, I will be responsible to pay any amounts by which 
I  have  exceeded  the  reduced  limit.    I  agree  not  to  allow  my  Account 
Balance to exceed my Credit Limit.  I agree to advise you of any change 
in my financial condition which may affect my creditworthiness.  I agree to 
update the credit information that I have provided you, from time to time, 
on your demand.  I or my joint applicant for the Account may request a 
change to the Credit Limit orally, in writing, or electronically, but any such 
request must be approved by you.  If my Credit Limit is increased, I am 
immediately responsible for the new Credit Limit and any increase in the 
Account Balance even when it differs from an amount previously agreed 
to orally or in writing. 

MINIMUM MONTHLY PAYMENT:  Every month, I must pay at least the 
Minimum Payment Due by the Payment Due Date shown on my periodic 
statement.  By separate agreement, I may authorize you to automatically 
transfer the Minimum Payment Due from my Credit Union share or share 
draft account.  I may, of course, pay more frequently, pay more, or pay 
the  Account  Balance  in  full,  and  I  will  reduce  my  periodic  FINANCE 
CHARGE by doing so.  The Minimum Payment Due will be either:  (a) 2% 
of my Account Balance, or $20, whichever is greater; or (b) my Account 
Balance, if it is less than $20.  In addition, I must pay any amount on my 
periodic statement listed as past due and any late charge.  At any time 
my Account Balance exceeds my Credit Limit, I must pay the excess. 

The “Payment Due Date” will be shown on my periodic statement. 

I understand and agree that any Minimum Monthly Payment made by 
me will be applied in the following order:  (a) unpaid fees and charges, 
if any; (b) unpaid periodic FINANCE CHARGE due on both Purchases 
and  Cash  Advances;  (c)  outstanding  balances  of  Cash  Advances 
and  Purchases  previously  billed;  and  (d)  current  Cash  Advances  and 
Purchases.    Any  payment  I  make  in  excess  of  the  Minimum  Monthly 
Payment will be applied in the following order:  (a) my Account Balance 
subject  to  a  penalty  ANNUAL  PERCENTAGE  RATE;  (b)  my  Cash 
Advance  Balance;  (c)  my  Purchases  Balance;  and  (d)  any  remaining 
portion of my Account Balance in the order that my Minimum Monthly 
Payment would be applied.  

LATE PAYMENT FEE:  If you have not received my Minimum Payment 
Due  within  ten  (10)  days  after  the  “Payment  Due  Date”  listed  on  my 
periodic statement, I agree to pay a Late Payment Fee as set forth in the 
enclosed Schedule of Fees which accompanies this Agreement and is 
incorporated by reference herein as though set forth in full.  

RETURNED  PAYMENT  FEE:    If  a  payment  that  was  applied  to  my 
Account  is  returned  to  you  unpaid  for  any  reason  I  agree  to  pay  a 
Returned Payment Fee as set forth in the enclosed Schedule of Fees.  
This  fee  will  also  apply  to  any  payments  made  by  automatic  transfer 
that cannot be posted due to insufficient funds in my regular share or 
checking account.  

CASH ADVANCE FEE:  For each Cash Advance, a Cash Advance Fee of 
either $2 or 2% of the amount of the Advance will be charged, whichever 
is  greater,  subject  to  a  maximum  fee  of  $25  for  each  Cash  Advance 
transaction.    Cash  Advance  transactions  include  ATM  withdrawals, 
online funds transfers, telephonic funds transfers, and in person Cash 
Advances at a financial institution’s branch from the Account.  

CREDIT LIFE AND/OR DISABILITY INSURANCE: The purchase of this 
insurance is entirely voluntary and is not a factor in the approval of the 
extension of credit.  If credit life and/or disability insurance is available to 
me on the Account, and I request it by completing the Credit Insurance 
Application/Schedule  which  contains  current  rates  and  qualifying 
information, the premium will be calculated monthly by multiplying the 
premium rate by the outstanding balance on the Account.  You will add 
the  premium  amount  to  my  Account  Balance  on  each  Billing  Cycle 
Close  Date.    I  acknowledge  receiving  a  copy  of  the  Credit  Insurance 
Application/Schedule. 

PREPAYMENT OR IRREGULAR PAYMENTS: Though I need only pay 
the Minimum Payment Due, I understand that I have the right to repay 
my  Account  Balance  at  any  time  without  penalty.    I  also  understand 
and  agree  that  I  will  only  be  charged  periodic  FINANCE  CHARGES 
to  the  date  I  repay  my  entire  Account  Balance.    I  may  make  larger 
payments  without  penalty  and  this  may  reduce  the  total  amount  of 
periodic FINANCE CHARGES that I will repay.  If I pay more than the 
Minimum Payment Due in any month and there is still a balance due, I 
must continue to make Minimum Payments in future months.  Any partial 
payment of my Account Balance will not advance my next payment due 
date(s).  I understand and agree that any payment that: (a) delays or (b) 
accelerates the repayment of my Account Balance will:  (a) increase or 
(b) decrease my Monthly Periodic FINANCE CHARGE. 

PAYMENTS  BY  AUTOMATIC  TRANSFER:    If  I  request  payment  by 
automatic transfer, I understand and agree that no payment can or will 
be made if there are insufficient or uncollected funds in the designated 
account  to  make  the  scheduled  payment.    Should  this  event  occur,  I 
understand  and  agree  that  I  will  not  be  released  from  making  the 
payment.  Any automatic transfer I have requested will remain in effect 
until I cancel it in writing or the Account Balance is paid in full.  You may 
cancel this service at your discretion.

DEFAULT:  I will be in default if: (1) I do not pay on time or in the proper 
amount(s);  (2)  I  have  made  a  false  or  misleading  statement  on  my 
application; (3) I fail to live up to any of the terms of this Agreement; (4) 
my creditworthiness is impaired; or (5) I die, become insolvent or am the 
subject of bankruptcy or receivership proceedings.  In the event of any 
action by you to enforce this Agreement, I agree to pay the costs thereof, 
including reasonable attorneys’ fees, and other expenses.  I understand 
and agree that FINANCE CHARGES at the ANNUAL PERCENTAGE 
RATE as permitted under this Agreement will continue to accrue until I 
repay my entire Account Balance.

ACCELERATION  AND  COLLECTION  COSTS:    Upon  my  default, 
I  understand  and  agree  that  you  have  the  right  to  temporarily  or 
permanently  suspend any  and  all  Account and  Card  privileges and/or 
you may demand immediate payment of the Account Balance, including 
FINANCE  CHARGES,  Late  Payment  Fees,  and  your  collection  costs, 
reasonable attorneys’ fees, and court costs (collectively “collection-related 
charges”), and all other fees and charges hereunder.  I understand and 
agree that I will be subject to FINANCE CHARGES (at the applicable 
Monthly Periodic Rate), Late Payment Fees, collection-related charges, 
and  all  other  fees  and  charges  under  the  terms  disclosed  in  this 
Agreement, until I repay my entire Account Balance.  In the event of any 
action by you to enforce this Agreement, I agree to pay the costs thereof, 
reasonable attorneys’ fees, and other expenses.

ELECTRONIC  FUND  TRANSFER:    In  the  event  the  use  of  the 
Card,  the  Account  or  the  Account  number  of  the  Card  constitutes  an 
Electronic  Fund  Transfer,  the  terms  and  conditions  of  my  Electronic 
Fund Transfer Agreement with you shall govern such transactions to the 
extent the Electronic Fund Transfer Agreement expands or amends this 
Agreement. 

4

PURCHASES AND ADVANCES:  I may make purchases and request 
advances in accordance with then current loan policies up to my Credit 
Limit.  I understand and agree that all Purchases and other transactions 
requested by me or anyone I have permitted to use the Card(s) and/or 
Account are subject to your approval. 

USING THE CARD:  To make a Purchase or obtain an Advance, I may 
present the Card or Card number to a participating VISA plan merchant, 
to you or to another financial institution that accepts Platinum Rewards 
VISA Credit Cards and sign or authorize a sales or Cash Advance draft.  
Certain  purchases  and  Cash  Advances  will  require  an  authorization 
prior to completion of the transaction.  In some cases, I may be asked to 
provide identification. If I have received a personal identification number 
(“PIN”), I may also use my Card and PIN to obtain Cash Advances at 
any  Automatic  Teller  Machine  (“ATM”)  that  accepts  my  Card  or  other 
type  of  electronic  terminal  that  provides  access  to  the  VISA  system.  
(Not all ATMs accept Platinum Rewards VISA Credit Cards.)  My PIN is 
confidential and should not be disclosed to anyone.  I agree not to write 
my PIN on my Card, I will not keep my Card and PIN together, and I will 
not provide my PIN to anyone who is not an authorized user.  Advances 
through  ATM  access  will  be  treated  as  Cash  Advances.    Advances 
at  authorized  ATMs  are  limited  to  a  total  of  $1,000.00  per  day.    I  may 
also provide my Card number verbally, electronically, or in writing to a 
merchant to complete a mail, electronic or telephone transaction.

If your authorized system is not working, I may not be able to authorize 
a transaction, even if I have sufficient available credit.  Occasionally for 
security  reasons,  you  may  block  usage  of  my  Card  and/or  Account  in 
certain foreign countries or geographical areas.  You will not be liable to 
me if any of these events happen. 

My Card and/or Account may not be used directly or indirectly for:  (1) 
any illegal activity or transaction; or (2) any gambling, gaming, betting or 
similar activity or transaction.  Further, I may not utilize my Card and/or 
Account for the purchase of any goods or services on the Internet that 
involve  gambling,  betting  or  any  similar  activity  or  transaction.    Such 
transactions include, but may not be limited to, any quasi-cash or online 
gambling transaction, any electronic commerce transaction conducted 
over  an  open  network,  and  any  betting  transaction  including  the 
purchase of lottery tickets or casino gaming chips or off-track betting or 
wagering.  However, in the event that a charge or transaction described 
in this paragraph is approved and processed, I will still be responsible 
for such charges. 

FOREIGN TRANSACTIONS:    Purchases,  cash  advances  and  credits 
made in foreign currencies will be billed to my Account in U.S. dollars.  
The conversion to U.S. dollars will be made in accordance with the VISA 
operating  regulations  for  international  transactions.    Such  regulations 
provide  for  either  a  .8%  currency  exchange  fee  for  single  currency 
transactions  (transactions  made  internationally  without  a  currency 
conversion) or 1% currency exchange fee for multi-currency international 
transactions (transactions made internationally that require a currency 
conversion),  which  is  added  to  the  amount  of  the  purchase,  cash 
advance, or credit and retained by VISA.  Transactions conducted in U.S. 
military bases, territories, embassies, or consulates are not considered 
international  transactions  and  will  not  be  subject  to  the  .8%  currency 
exchange fee.  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.  The conversion 
rate may be different than the rate on the day of the transaction or date 
of the posting of the Account.  When a credit to the Account does not 
fully  offset  a  charge  to  the  Account  due  to  changes  in  the  rate,  I  am 
responsible for the differences. 

RESPONSIBILITY:  I agree to repay you according to the terms of this 
Agreement  for  all  Purchases,  Advances,  FINANCE  CHARGES,  Late 
Payment Fees and all other fees and charges, if any, arising from the use 
of the Card and/or Account by me or any other person I permit to use the 
Account, even if that person exceeds my permission.  I cannot disclaim 
responsibility by notifying you, although you will close the Account if I 
so request and I will return all Cards to you and I will repay the unpaid 
balance  to  you.    My  obligation  to  pay  the  Account  Balance  continues 
even though an agreement, divorce decree or other court judgment to 
which  you  are  not  a  party  may  direct  me  or  one  of  the  other  persons 
responsible to pay the Account.  Any person using the Account and/or 

Card is jointly and severally responsible with me 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 responsible for all charges on the Account, 
including mine.  The Cards remain your property and I must recover and 
surrender to you all Cards upon your request and/or upon termination 
of this Account. 

TRANSACTION  SLIPS:    My  periodic  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 periodic statement.  I will retain the copy of such slips 
furnished  at  the  time  of  the  transaction  in  order  to  verify  my  periodic 
statement.   You  may  assess  a  reasonable  fee  for  any  photocopies  or 
slips I request. 

PLAN MERCHANT DISPUTES:  You are not responsible for the refusal 
of  any  plan  merchant  or  financial  institution  or  electronic  terminal  to 
honor the Account and/or Card.  You are subject to claims and defenses 
(other than tort claims) arising out of goods or services I purchase with 
the Card only if I have made a good faith attempt but have been unable 
to  obtain  satisfaction  from  the  plan  merchant,  and:  (a)  my  purchase 
was made in response to an advertisement you sent or participated in 
sending me; or (b) my purchase cost more than $50.00 and was made 
from  a  plan  merchant  in  my  state  or  within  100  miles  of  my  current 
mailing address. Any other dispute I must resolve directly with the plan 
merchant. 

RETURNS  AND  ADJUSTMENTS:    Merchants  and  others  who  honor 
the  Account  and/or  Card  may  give  credit  for  returns  or  adjustments, 
and they will do so by sending you a credit slip which you will post to 
my Account.  If my credits and payments exceed what I owe you, you 
will  hold  and  apply  this  credit  balance  against  future  Purchases  and 
Advances, or if it is $1.00 or more, refund it on my written request. 

UNAUTHORIZED  USE:    If  I  notice  the  loss  or  theft  of  my  Card  or  a 
possible unauthorized use of my Card, I should write to you immediately 
at:    P.  O.  Box  10188, Van  Nuys,  California  91410-0188,  or  call  you  at 
(877) 695-2732.  I will not be liable for any unauthorized use that occurs 
after  I  notify  you.    I  may,  however,  be  liable  for  unauthorized  use  that 
occurs before my notice to you.  In any case, my liability will not exceed 
$50.   My liability may be zero ($0) in cases of VISA Credit Card fraud in 
accordance with current VISA U.S.A., Inc. Operating Regulations.  This 
does not apply to ATM transactions using the Card and PIN. 

SURRENDER OF CARD(S):  The Card(s) remains your property and, 
if you request, I must surrender to you all Card(s) you have issued on 
the Account. 

LOST OR STOLEN CARD(S), NOTIFICATION AND LIABILITY:  I will 
notify you AT ONCE by immediately calling you at (866) 604-0381 or, if I 
am outside of the U.S., call collect at (727) 570-4881, if I believe that the 
Card, Account number, PIN or any combination of the three has been 
lost or stolen.  Telephoning is the best way of keeping my possible losses 
down.  I understand that my total liability to you shall not exceed $50.00 
for any Account and/or Card transactions resulting from the loss, theft 
or unauthorized use of the Account and/or Card that occurs prior to the 
time I give notice to you.  Such liability does not apply when the Account 
and/or Card is used to make an electronic transfer.

PAYMENTS MARKED “PAID IN FULL”:  You may accept checks, money 
orders, or other types of payment marked “payment in full” or using other 
language  to  indicate  full  satisfaction  of  indebtedness,  without  being 
bound  by  such  language  or  waiving  any  rights  under  this  Agreement.  
Full satisfaction of indebtedness shall be accepted by you only in written 
agreement, signed by an authorized representative of the Credit Union. 

DELAY IN ENFORCEMENT:  You can delay enforcing any of your rights 
under this Agreement without losing them. 

GOVERNING LAW:  I understand and agree that this Agreement is made 
in California and shall be governed by the laws of the State of California 
to  the  extent  that  California  law  is  not  inconsistent  with  controlling 
federal law.  I also understand and agree that California’s choice of law 
rules shall not be applied if they would result in the application of non-
California law. 

INTEGRATED DOCUMENT(S):  Any separate sheet of paper labeled 
“Addendum  to  the  Platinum  Rewards  VISA  Credit  Card  Agreement 
and Federal Truth in Lending Disclosure Statement” which is delivered 
together  with  this  form  is  an  integral  part  of  the  Agreement  and  is 
incorporated herein as if set forth in full.

5

MEMBERSHIP  REQUIREMENT:    I  understand  and  agree  that  I  must 
be  and  remain  a  member  in  good  standing  with  you  to  be  eligible  for 
continuing  Account  and/or  Card  privileges  including  future  Purchases 
and  Advances.    I  understand  and  agree  that  you  may  suspend  the 
Account  and/or  Card  privileges  during  any  period  in  which  I  do  not 
maintain my membership in good standing with you. 

TERMINATION:   You  may  terminate  this  Agreement  upon  my  default.  
Either you or I may terminate this Agreement for other good cause.  In 
no event shall any termination relieve me of my obligation to repay sums 
already  borrowed,  FINANCE  CHARGES,  Late  Payment  Fees,  and  all 
other  fees  and  charges  hereunder,  if  any.    I  agree  to  return  all  of  the 
Cards issued to me or any party designated by me. 

CREDIT INFORMATION:  I authorize you to investigate my credit when 
opening,  renewing  or  reviewing  the  Account,  and  I  authorize  you  to 
disclose information regarding the Account to credit bureaus and other 
creditors  who  inquire  of  you  about  my  credit  standing  to  the  extent 
authorized  by  law.    I  understand  that  you  may  provide  information  to 
credit bureaus about negative information concerning my Account (such 
as my insolvency, delinquency, late payment or default on my Account) 
which the credit bureaus may include in my credit report. 

CHANGE OF NAME, ADDRESS, EMPLOYMENT STATUS:  I understand 
and agree that I must report to you any change in my name, address, 
employment status, or any other information that may negatively affect 
my creditworthiness. 

ACCURACY  OF  INFORMATION:    The  information  provided  in  my 
request for credit (Application) is accurate and I will notify you in writing 
immediately if there is a change in my financial condition.  You may retain 
the Application.  I understand that it is a violation of Section 1014, Title 18, 
US Code to make false statements or over value security for the purpose 
of influencing the action of any federally insured credit union.  You may 
gather credit and/or employment information you deem necessary and 
appropriate from time to time and you may give information concerning 
your credit experience with me to others.

COPY RECEIVED:  I acknowledge receipt of a copy of this Agreement 
and agree to its terms.  This Agreement is the contract which applies to all 
transactions on the Account even though the sales, cash advance, credit 
or other slips I sign or receive may contain different terms.  I understand 
and agree that all of those who apply for and who sign for or use the 
Card or the Account agree to and accept the terms and conditions of 
this Agreement. 

NOTICE:  See the statement below for important information regarding 
my right to dispute billing errors.

ADDITIONAL TERMS APPLICABLE TO VISA CHECKS

CHECK  USES:    I  can  use  the VISA  Checks  (“Checks”  or  “Check)  to 
purchase  goods  and  services  or  to  obtain  cash  up  to  the  amount  of 
my  Credit  Limit.    Use  of  the  Checks  is  a  Cash  Advance  on  my VISA 
Account. 

LIMITATIONS:  You are not required to honor a Check that will cause 
me to exceed my Credit Limit.  You may refuse to pay a Check if at the 
time  the  Check  is  presented,  I  am  in  default  or  you  have  suspended, 
terminated or canceled the Account.  Each Check must be in the form 
you have issued me. Checks may be used only by the person(s) whose 
name(s) is/are printed on the Check.  I am responsible for all authorized 
uses of the Checks.  I may not use the Checks to pay any amount which 
I owe you pursuant to this Agreement. 

PERIODIC  STATEMENTS:    My  periodic  statement  will  show  me 
an  itemization  of  the  Checks  posted  to  the  Account  during  the  billing 
cycle.  Checks paid by you will not be returned to me with my periodic 
statements. 

RETURNED  CHECK  FEE:   You  will  charge  a  fee  as  set  forth  in  the 
enclosed Schedule of Fees for each returned Check which will be billed 
to the Account if my Check cannot be paid. 

STOP PAYMENT:  Provided such request is timely so that you have a 
reasonable opportunity to act upon it under your rules, I may order stop 
payment  on  a  Check  drawn  on  the  Account,  other  than  one  that  has 
been guaranteed.  In the event of an oral stop payment order, the order 
shall be valid for only fourteen (14) days thereafter unless confirmed in 
writing.  A written stop payment order will remain in effect only six (6) 
months unless renewed in writing.  I have the burden of establishing the 
fact  and  amount  of  loss  resulting  from  payment  contrary  to  a  binding 
stop payment order.  You will charge a fee as set forth in the enclosed 

Schedule of Fees for each Check when I place a stop payment on my 
Check(s) which will be billed to the Account. 

SURRENDER OF VISA CHECKS:  The Checks are your property. You 
reserve the right to revoke them at any time. I agree to return them at 
your request. 

My Billing Rights: Keep this Document for Future Use

This notice tells me about my rights and your responsibilities under 
the Fair Credit Billing Act. 

What To Do If I Find a Mistake on My Statement

If I think there is an error on my statement, I must write to you at:

Los Angeles Police Federal Credit Union
P. O. Box 10188, Van Nuys, CA  91410-0188
I  may  also  contact  you  via  secure  e-mail  by  visiting  the 
LAPFCU  website,  www.lapfcu.org,  and  clicking  on “Contact” 
and “e-mail”. 

In my letter, I must give you the following information:

• Account information:  My name and Account number.

• Dollar amount:  The dollar amount of the suspected error.

• Description of problem:  If I think there is an error on my bill, I must 
describe what I believe is wrong and why I believe it is a mistake.

I must contact you:

• Within 60 days after the error appeared on my statement.  

• At least 3 business days before an automatic payment is scheduled, if 
I want to stop payment on the amount I think is wrong.  

I must notify you of any potential errors in writing or electronically.  I may 
call you, but if I do you are not required to investigate any potential errors 
and I may have to pay the amount in question.  

What Will Happen After You Receive My Letter

When you receive my letter, you must do two things:

1. 

2. 

Within 30 days of receiving my letter, you must tell me that you 
received  my  letter.   You  will  also  tell  me  if  you  have  already 
corrected the error.

Within 90 days of receiving my letter, you must either correct 
the error or explain to me why you believe the bill is correct.

While you investigate whether or not there has been an error:

•  You  cannot  try  to  collect  the  amount  in  question,  or  report  me  as 
delinquent on that amount.

• The charge in question may remain on your statement, and you may 
continue to charge me interest on that amount.

• While I do not have to pay the amount in question, I am responsible for 
the remainder of my balance.

• You can apply any unpaid amount against my credit limit.

After you finish your investigation, one of two things will happen:

• If you made a mistake:  I will not have to pay the amount in question or 
any interest or other fees related to that amount.

• If you do not believe there was a mistake:  I will have to pay the amount 
in question, along with applicable interest and fees.  You will send me a 
statement of the amount I owe and the date the payment is due.  You 
may then report me as delinquent if I do not pay the amount you think 
I owe.

If I receive your explanation but still believe my bill is wrong, I must write 
to  you  within  10  days  telling  you  that  I  still  refuse  to  pay.    If  I  do  so, 
you  cannot  report  me  as  delinquent  without  also  reporting  that  I  am 
questioning my bill.  You must tell me the name of anyone to whom you 
reported me as delinquent, and you must let those organizations know 
when the matter has been settled between us.  

If you do not follow all of the rules above, I do not have to pay the first 
$50 of the amount I question even if my bill is correct.

My Rights If I Am Dissatisfied With My Credit Card Purchases

If I am dissatisfied with the goods or services that I have purchased with 
my credit card, and I have tried in good faith to correct the problem with 
the merchant, I 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 my home state or within 
100  miles  of  my  current  mailing  address,  and  the  purchase 
price must have been more than $50.  (Note:  Neither of these 
are necessary if my purchase was based on an advertisement 
you mailed to me, of if you own the company that sold me the 
goods or services.)

2. 

I must have used my credit card for the purchase.  Purchases 
made with cash advances from an ATM or with a check that 
accesses my credit card account do not qualify.

3. 

I must not have fully paid for the purchase.

If  all  of  the  criteria  above  are  met  and  I  am  still  dissatisfied  with  the 
purchase, I must contact you in writing or electronically at:

Los Angeles Police Federal Credit Union
P. O. Box 10188, Van Nuys, CA  91410-0188; or
I may contact you via secure e-mail by visiting the LAPFCU 
website,  www.lapfcu.org,  and  clicking  on  “Contact”  and 
“e-mail”. 

While you investigate, the same rules apply to the disputed amount as 
discussed above.  After you finish your investigation, you will tell me your 
decision.  At that point, if you think I owe an amount and I do not pay, you 
may report me as delinquent.  

FORM L-560 2/10  

6

00571502

 
 
 
 
ADDENDUM TO PLATINUM REWARDS VISA® CREDIT CARD
AGREEMENT & FEDERAL TRUTH-IN-LENDING DISCLOSURE STATEMENT
Retain for your records

As of December 21, 2009, the variable ANNUAL PERCENTAGE RATE (APR) for purchases
and cash advances is the U.S. Prime Rate plus a margin of 5.90%. The monthly periodic rate
in effect for your Platinum Rewards VISA® Credit Card is 0.7625% with a corresponding APR 
of 9.15%. 
NOTE: Recently opened Platinum Rewards VISA® Credit Card Accounts continue to be
subject to the introductory periodic rate of 2.99% APR as disclosed in the Platinum
Rewards VISA® Credit Card Account Agreement and Federal Disclosure Statement
during the first six (6) monthly billing cycles after the account is established. Thereafter,
the ANNUAL PERCENTAGE RATE (APR) will convert to a variable rate.

F-612 02/10

Page 7

LOS ANGELES POLICE FEDERAL CREDIT UNION
SCHEDULE OF FEES
Effective February 9, 2010
PLATINUM REWARDS VISA® CREDIT CARD ACCOUNTS
Annual Fee .........................................................................................................................................................None
Late Payment Fee ........................................................................................................................................... $15.00
PLATINUM REWARDS VISA® Credit Card Loan Check stop payment (per item) .......................................... $15.00
PLATINUM REWARDS VISA® Credit Card Loan Check Returned check Fee (per item) ............................... $22.00
PLATINUM REWARDS VISA® Credit Card Returned Payment Fee (per item) ............................................... $22.00
PLATINUM REWARDS VISA® Credit Card Statement copy (per copy) .......................................................... $  1.00

Thank you for being partners in a proud traditionSM.

F-612 02/10

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