Illegal Activity
Your Mastercard card may not be used for any illegal activity. 
Internet  gambling  may  be  illegal  in  the  jurisdiction  in  which 
you are located, including the United States and its territories. 
Your card may only be used for legal transactions. Display of 
a  payment  card  logo  by  an  online  merchant  does  not  mean 
that  Internet  gambling  or  other  transactions  are  legal  in  the 
jurisdiction  in  which  you  are  located.  You  agree  to  repay, 
according  to  the  terms  of  this  Agreement,  transactions  you 
initiate by use of your card, whether deemed legal or illegal.
Internet Transactions

Your  Mastercard  is  automatically  enrolled  in  the  Mastercard 
Secure Code program. To make transactions over the Internet, 
merchants  may  request  your  Mastercard  Secure  Code 
password  to  complete  the  transactions.  If  a  password  is  not 
provided, or you do not successfully register with Mastercard 
Secure Code, the merchant may deny the transaction. If the 
password is incorrect, we may deny the transaction. You can 
select or change your password and view additional terms by 
logging  in  to  Online  Banking  at  schoolsfirstfcu.org,  clicking 
the  ‘Credit  Cards’  tab,  and  then  clicking  on  the  Mastercard 
SecureCode  link  under  “Recommendations”.  By  allowing 
another person to use your Mastercard Secure Code password 
you are authorizing the transaction(s) on your account.

Foreign Currency Transactions
If  you  effect  a  transaction  at  a  merchant  that  settles  in  a 
currency other than U.S. dollars, Mastercard International will 
convert the charge into a U.S. dollar amount. The conversion 
rate in U.S. dollars will be either at the government-mandated 
rate  or  a  wholesale  currency  market  rate  determined  by 
Mastercard for the processing date on which the transaction is 
processed. The currency conversion rate used by Mastercard 
on  the  processing  date  may  differ  from  the  rate  that  would 
have  been  used  on  the  purchase  date  or  the  cardholder 
statement posting date. 

International Service Fee
A  fee  of  2%  of  the  transaction  amount  in  US  Dollars  will  be 
assessed  on  cross-border  and  international  transactions. 
Transactions  acquired  in  U.S.  territories,  and  transactions 
originating  on  U.S.  military  bases,  at  U.S.  embassies  and  at 
U.S. consulates, are excluded from this fee.

Convenience Checks
You may access your credit line by writing checks provided by 
us for that purpose. The checks will be honored and paid up to 
your credit limit as long as the account is not in default. You 
may request a stop payment on a convenience check by phone 
or in writing. We must receive the request in time to afford us 
reasonable opportunity to act upon it under the Credit Union’s 
rules.  Oral  or  telephone  requests  to  stop  payment  must  be 
confirmed by you in writing to us within 14 calendar days after 
your  original  request,  and  if  not  so  confirmed,  such  request 
will be considered to have lapsed after the 14 day period. We 
can  only  honor  a  stop  payment  request  for  12  months  from 
the date of request. You agree not to hold us responsible for 
any claims or liabilities of payees or endorsers on convenience 
checks  for  which  you  have  requested  payment  stopped.  You 
agree not to hold us responsible for the misrouting or delay of 
a convenience check due to markings placed on the check by 

you or a prior endorser that obscure any depository endorsement 
placed  by  us  or  our  agent.  We  may  recognize  the  signature  of 
any  borrower  or  authorized  user  on  this  account  as  authorized 
to  transact  any  business  on  the  account.    Convenience  checks 
cannot be used to pay any amount you owe under this Agreement 
or  under  any  other  credit  agreement  or  account  you  have  with 
us now or in the future. Convenience checks are considered cash 
advances and accrue interest according to the method described 
for  cash  advances  under  the  “CALCULATION  OF  FINANCE 
CHARGES” heading of this disclosure.

Default/Collection/Attorney’s Fees
You will be in default and understand that all loan credit under this 
Agreement  may  be  terminated  if  (1)  you  do  not  make  periodic 
payments  as  required  by  this  Agreement,  (2)  you  do  not  keep 
any  promise  made  in  this  Agreement  or  any  other  agreement 
with  this  Credit  Union,  (3)  any  information  that  you  give  us  to 
obtain  a  loan  advance  is  false,  (4)  any  third  party  attempts  by 
legal process to take any property belonging to you, (5) you die, 
become insolvent or are a party to any bankruptcy proceeding, 
or  (6)  as  otherwise  provided  in  this  Agreement.  If  you  are  in 
default, we may refuse to make any further advances or refuse 
charge  privileges  to  you  and  declare  all  sums  owed  under  this 
Agreement  immediately  due  and  payable.  We  may  accept  late 
payments  or  partial  payments  without  losing  any  of  our  rights 
under this Agreement. You understand that if you are in default, 
we  may  add  to  your  unpaid  balance  any  reasonable  attorney’s 
fees and court costs, all of which you agree to pay.

Waivers and Severability
We may waive or decline to enforce any of our rights under this 
Agreement  without  affecting  any  of  our  other  rights.    Should 
any provision of this Agreement be determined to be invalid or 
unenforceable, that determination shall not affect the validity or 
enforceability of any other provision.

Governing Law
This  Agreement,  your  credit  card  line  of  credit,  as  well  as  our 
rights  and  duties  and  your  rights  and  duties  regarding  them, 
will  be  governed  by  and  interpreted  in  accordance  with  federal 
law to the fullest extent possible and, to the extent federal law 
does not apply, in accordance with California law, regardless of 
where you live and use your credit card. This Agreement is made 
in California. All credit will be extended from California, and all 
repayment must be made in California.

Third party/mobile devices 
We  may  also  permit  you  or  any  authorized  user  to  load 
information about your account onto third party/mobile devices 
(such as a smartphone, tablet, or any other handheld or wearable 
communication  device  that  allows  you  to  store  or  electronically 
present  your  account  information)  that  would  enable  you  to 
make purchases or engage in credit transactions for your account 
without needing to show your credit card. You and we agree that 
any such use of your account will be subject to all the terms and 
conditions contained in this agreement.
To  the  extent  you  do  use  a  third  party/mobile  device  to  make 
a credit transaction on your account, or load information about 
your account onto any such device, you need to be aware that we 
do not control the device and cannot guarantee the performance 
of either the device or any third party.

Additionally:

•	 you  agree  to  carefully  protect  the  security  of  any  devices 
the same as you would your cash, checks, credit cards and 
other valuable information. We encourage you to password 
protect or lock your device to help prevent an unauthorized 
person from using it. You agree to promptly report any loss 
or theft to both us and the third party.

•	 you  may  incur  third  party  fees  related  to  engaging  in  a 
transaction  (such  as  mobile  carrier  data  or  messaging 
charges).

involve 

the  electronic 

•	 credit  transactions  made  through  a  third  party/mobile 
device  may 
transmission  of 
information related to you or your account across wireless 
or  computer  networks.  Third  parties,  such  as  merchants, 
card  association  networks,  mobile  carriers,  mobile  wallet 
operators, and software application providers may use and 
receive information in connection with a credit transaction. 
Third  parties  may  also  receive  information  about  your 
mobile device when you use it to make a credit transaction.
•	 we  may,  at  any  time,  partially  or  fully  restrict  your  ability 
to  make  credit  transactions  through  a  third  party/mobile 
device.  You  agree  to  notify  us  promptly  if  you  remove  or 
want  to  remove  your  account  information  from  any  third 
party/mobile device.

YOUR BILLING RIGHTS:
KEEP THIS DOCUMENT FOR FUTURE USE
This  notice  tells  you  about  your  rights  and  our 
responsibilities under the Fair Credit Billing Act.
What  To  Do  If  You  Find  a  Mistake  on  Your  Statement.  If 
you  think  there  is  an  error  on  your  statement,  write  to  us  at: 
SchoolsFirst  FCU  P.O.  BOX  11547,  Santa  Ana,  CA  92711. 
You may also contact us on our website at schoolsfirstfcu.org. 
In your letter, give us the following information:

•	 Account Information: Your name and account number
•	 Dollar Amount: The dollar amount of the suspected error.
•	 Description of problem: If you think there is an error on your 
bill, describe what you believe is wrong and why you believe 
it is a mistake.
You must contact us:

•	 Within 60 days after the error appeared on your statement.
•	 At  least  3  business  days  before  an  automated  payment  is 
scheduled, if you want to stop payment on the amount you 
think is wrong.

You  must  notify  us  of  any  potential  errors  in  writing  (or 
electronically). You may call us, but if you do we are not required 
to investigate any potential errors and you may have to pay the 
amount in question.

What will Happen After We Receive Your Letter
When we receive your letter, we must do two things:

1. Within  30  days  of  receiving  your  letter,  we  must  tell  you 
that we received your letter. We will also tell you if we have 
already corrected the error.

2. Within  90  days  of  receiving  your  letter,  we  must  either 
correct the error or explain to you why we believe the bill is 
correct.

While  we  investigate  whether  or  not  there  has  been  an 
error:

•	 We cannot try to collect the amount in question, or report 

you as delinquent on that amount.

•	 The charge in question may remain on your statement, and 
we may continue to charge you interest on that amount.
•	 While you do not have to pay the amount in question, you 

are responsible for the remainder of the balance.

•	 We can apply any unpaid amount against your credit limit.
After  we  finish  our  investigation,  one  of  two  things  will 
happen:

•	 If we made a mistake: You will not have to pay the amount 
in  question  or  any  interest  or  other  fees  related  to  the 
amount.

•	 If we do not believe there was a mistake: You will have to 
pay the amount in question, along with applicable interest 
and fees. We will send you a statement of the amount you 
owe and the date payment is due. We may then report you 
as  delinquent  if  you  do  not  pay  the  amount  we  think  you 
owe.

If you receive our explanation but still believe your bill is wrong, 
you must write to us within 10 days telling us that you still refuse 
to pay. If you do so, we cannot report you as delinquent without 
also reporting that you are questioning your bill. We must tell you 
the name of anyone to whom we reported you as delinquent, and 
we must let those organizations know when the matter has been 
settled between us.
If we do not follow all of the rules above, you do not have to pay 
the first $50 of the amount in question even if your bill is correct.
Your Rights If You Are Dissatisfied  
With Your Credit Card Purchases
If you are dissatisfied with the goods or services that you have 
purchased with your credit card and you have tried in good faith 
to correct the problem with the merchant, you may have the right 
not to pay the remaining amount due on the purchase.
To use this right, the following must be true:

1. The  purchase  must  have  been  made  in  your  home  state 
or  within  100  miles  of  your  current  mailing  address,  and 
the purchase price must have been more than $50. (Note 
neither of these are necessary if your purchase was based 
on  an  advertisement  we  mailed  to  you,  or  if  we  own  the 
company that sold you the goods or services.)

2. You  must  have  used  your  credit  card  for  the  purchase. 
Purchases made with cash advances from an ATM or with a 
check that accesses your credit card account do not qualify.

3. You must not yet have fully paid for the purchase.

If all of the criteria above are met and you are still dissatisfied 
with the purchase, contact us in writing (or electronically) at the 
address or website listed above. While we investigate, the same 
rules apply to the disputed amount as discussed under What To 
Do If You Find a Mistake on Your Statement. After we finish 
our  investigation,  we  will  tell  you  our  decision.  At  that  point,  if 
we think you owe an amount and you do not pay we may report 
you as delinquent.

M-122919

SCHOOL EMPLOYEE 
CREDIT CARD 
MASTERCARD®  
AGREEMENT AND
DISCLOSURE  
STATEMENT

September 1, 2017

You  agree  to  the  following  terms  and  conditions  and  any 
amendments thereto.

Accepting This Agreement
Before  you  sign  or  use  the  SchoolsFirst  Federal  Credit  Union 
Mastercard® credit card issued to you, please read this Agreement 
thoroughly, because by using the credit card you will be agreeing 
with us to the terms and conditions stated in this Agreement. If 
you do not wish to be bound by this Agreement, do not use the 
credit card, and write to us and tell us that you wish to cancel 
your credit card account with us. If you have received a card or 
checks to access the card account, destroy them.

Definitions
In  this  Agreement  the  words  “you”,  “your”,  and  “yours”  mean 
each and all of the person(s) who apply for and/or use the card, 
the  words  “credit  card”  mean  the  SchoolsFirst  Federal  Credit 
Union  Mastercard  credit  card,  and  the  words,  “we”,  “our”,  “us”, 
and “Credit Union” mean the SchoolsFirst Federal Credit Union.
Liability of All Cardholders and Authorized Users
You understand that you are liable for the payment of all sums 
due  under  this  Agreement.  If  there  is  more  than  one  borrower 
or  authorized  user  on  this  account,  each  person,  individually, 
and all persons jointly are obligated to repay all sums due under 
this  Agreement.  You  agree  that  all  statements  made  in  your 
application for your credit card were for the purpose of obtaining 
credit  and  are  true,  correct,  and  complete  to  the  best  of  your 
knowledge and belief.

Credit Limit
This  Agreement  establishes  a  credit  card  account  for  you  with 
an  open  end  line  of  credit.  We  will  establish  a  credit  limit  for 
you, and may increase or decrease that credit limit from time to 
time.  We  have  provided  you  with  a  separate  written  disclosure 
stating the credit limit for purchases and cash advances on your 
account, and that disclosure is made a part of this Agreement by 
this reference. Your monthly statements will show the amount of 
credit available to you for purchases and cash advances as of the 
statement date. We will give you written notice of any change in 
your credit limit. If your credit limit is decreased for any reason, 
any subsequent request for a credit limit increase will be subject 
to  credit  application  and  approval.  You  agree  not  to  use  your 
account in any way which would make the unpaid balance of your 
account  or  cash  advances  on  your  account  exceed  your  credit 
limit.  You  also  agree  to  pay  us  the  amount  of  any  transactions 
on  your  account  in  excess  of  your  credit  limit  along  with  your 
regular minimum payment at your next scheduled payment due 
date. Purchases and advances are subject to daily limits that may 
restrict the full use of your Credit Limit.

Personal Identification Number
A  Personal  Identification  Number  (PIN)  may  be  obtained  by 
selecting  your  own  PIN  at  any  SchoolsFirst  FCU  branch  or  by 
calling  877.315.3483.  This  PIN  may  be  used  by  you  with  your 
credit  card  to  obtain  a  cash  advance  on  your  account  at  any 
Automated Teller Machine (ATM) displaying the Mastercard logo 
or  to  make  purchases  at  any  designated  point  of  sale  (POS) 
machine. Please keep your PIN confidential and do not write it on 
or keep it with your credit card.

Credit Information
You  agree  that  we  may  re-examine  and  re-evaluate  your 
creditworthiness  at  any  time.  You  authorize  us  to  obtain,  from 
time to time, information from others, including, but not limited 
to  credit  reporting  agencies,  concerning  you  and  your  credit 
accounts.  You  also  authorize  us  to  respond  to  requests  from 
others  and  to  provide  information  regarding  the  status  and 
history of your account with us. However, we are not obligated to 
release any such information to anyone unless we are required 
by law to do so. You agree that we have the right to refuse future 
advances  under  your  line  of  credit  or  reduce  your  credit  limit 
upon re-examination and re-evaluation of your creditworthiness, 
should your creditworthiness change significantly.

Change of Name, Address, Employment, Telephone
You  agree  to  promptly  report  to  us  any  change  in  your  name, 
address, employment, or telephone number.

Balance Transfers
When  the  Credit  Union  uses  the  term  “balance  transfer”  this 
refers  to  the  transfer  of  balances  from  other  lenders  to  your 
SchoolsFirst FCU credit card.

Purchases/Cash Advances
You  may  access  your  line  of  credit  by  making  a  purchase  at  a 
merchant’s  location  that  accepts  the  credit  card,  by  requesting 
a  Balance  Transfer  orally  or  electronically,  or  in  writing,  or  by 
making  a  cash  advance.  We  will  not  be  responsible  or  liable  to 
you should anyone refuse to accept or honor your card, or should 
anyone retain your card and not return it to you. You may request 
cash advances under this Agreement by writing a SchoolsFirst FCU 
convenience check; by making a written, telephone or electronic 
request  to  us;  or  by  requesting  a  cash  advance  at  a  financial 
institution or an ATM that accepts the credit card. You agree to 
repay all advances for purchases and cash advances made to you 
or  at  the  request  of  a  joint  borrower  or  authorized  user  under 
this Agreement, and you understand that all purchases and cash 
advances  will  be  subject  to  the  terms  of  this  Agreement.  You 
agree  not  to  request  advances  or  make  purchases  or  use  your 
account in any way that would make the unpaid balance of your 
account exceed your credit limit. Cash advances cannot be used 
to pay any amount you owe under this Agreement or under any 
other  credit  agreement  or  account  you  have  with  us  now  or  in 
the future.

Minimum Monthly Payments
You  will  receive  a  statement  for  each  monthly  billing  period  in 
which  your  account  has  an  outstanding  or  credit  balance.  The 
minimum monthly payment on your account is calculated at 2% 
of  the  statement  balance  or  $25,  whichever  is  greater.  If  your 
account balance is greater than your limit or your account is past 
due, you will be billed for the greater of: the minimum monthly 
payment;  or  the  past  due  amount;  or  the  overlimit  amount.  If 
the account is not paid down to the limit or below, the account 
is  subject  to  closure.  The  minimum  monthly  payment  must  be 
received  at  the  payment  center  on  or  before  the  payment  due 
date  reflected  on  the  front  of  your  monthly  billing  statement 
or  the  payment  may  be  considered  past  due.  Payments  made 
in  excess  of  the  minimum  payment  will  be  applied  first  to  the 
balance with the highest interest rate, then successively to each 
lower interest rate until the excess payment amount is exhausted. 
If  you  have  a  credit  balance  on  your  account  due  to  merchant 

credits, adjustments or overpayments, we will hold and apply this 
credit  balance  against  future  purchases  and  cash  advances,  or 
refund it at your written request. An increase or decrease in the 
Annual Percentage Rate may result in an increase or decrease in 
your monthly payment.

Promise to Pay
You  agree  to  pay  us,  at  the  payment  address  stated  on  the 
front  of  your  monthly  billing  statement,  all  sums  which  have 
been  accumulated  on  your  account  by  you  or  others  with  your 
permission, together with any finance charges, late charges and 
any other service charges computed on your account as set forth 
in this Agreement.

Authorizations
Most transactions require approval of funds.  Approvals result in 
placing a hold against your credit limit.  We may limit the number 
or  amount  of  approvals  or  purchases  and  advances  per  day  or 
deny transactions when we detect unusual or suspicious activity, 
even if you have sufficient credit available.  We are not liable for 
failing to approve any transaction and we may, although we are 
not required to, approve transactions above your available credit.  
We are not liable if a merchant, financial institution, or ATM does 
not honor your card.

Membership Requirement
You must be a Member in good standing to be eligible for a credit 
card with us.  We may suspend card privileges, including closing 
your account, if you do not maintain your Membership with us in 
good standing.

Responsibility for Account
You agree to repay us according to the terms of this Agreement 
for all purchases, advances, finance charges, fees and collection 
costs, if any, arising from the use of this account by you or any 
other person you permit to use your card and/or account (even if 
that person exceeded the amount for which you gave permission).  
If you decide to close your account please notify us orally or in 
writing and return all card(s) on the account.  You remain liable 
for any transactions to the account that we cannot prevent after 
you notify us.  Any person using the account and/or card is jointly 
and severally responsible for all charges on the account.

Lost, Stolen or Unauthorized Use
It  is  important  to  continually  monitor  your  monthly  statements 
to  identify  any  unauthorized  transactions.  If  your  card  is  lost 
or  stolen,  or  you  believe  that  someone  has  accessed  or  may 
access money from your card without your permission, notify us 
immediately. If you notice unauthorized or fraudulent activity on 
your card, notify us immediately. Notify us at the phone number 
or  address  listed  on  your  statement  under  “How  to  Reach  Us”. 
See Your Billing Rights for further information. If your card is 
used fraudulently, you agree to assist us in our investigation and 
to sign and return the Cardholder Dispute Form. 

Annual Percentage Rate
SchoolsFirst FCU has a loan program, which features a range of 
interest rates for some of its consumer loans. A rate is based on a 
variety of factors, including the applicant’s credit rating. 
This  Agreement  establishes  the  Annual  Percentage  Rate  for 
Purchases, Balance Transfers and Cash Advances under this credit 
card  program.  We  have  provided  you  with  a  separate  written 
disclosure stating the Annual Percentage Rate that will apply to 

purchases and cash advances on your account. That disclosure is 
made part of this Agreement by this reference. 

Annual Percentage Rate - Variable Rate Credit Program
The Annual Percentage Rate is subject to change annually on 
the  first  business  day  of  August.    Note  that  an  increase  in  the 
Annual  Percentage  Rate  may  result  in  greater  interest  charges 
and a larger monthly payment.
We reserve the right to waive an increase in your Annual 
Percentage Rate when such an increase can be made, but 
such waiver shall not be construed as a waiver of our right 
to  increase  the  Annual  Percentage  Rate  at  a  future  date 
when entitled to do so.
The rate is determined by adding an index plus a margin.  The 
index  is  the  highest  “Prime  Rate”  as  reported  in  the  “Money 
Rates” tables of The Wall Street Journal on the first business day 
of August.  The tier and margin, and subsequently the APR you 
receive, is determined by your creditworthiness. The maximum 
Annual Percentage Rate is 18.00%. 

Variable Rate Margins

Tier 1
Tier 3
Tier 
Purchases
4.25% 6.25% 8.25% 13.25% 17.90%
Balance Transfers 4.25% 6.25% 8.25% 13.25% 17.90%
9.25% 11.25% 13.25% 17.90% 17.90%
Cash Advances

Tier 5

Tier 2

Tier 4

Annual Percentage Rate - Penalty Rate
If  your  credit  card  account  is  delinquent  60  days,  we  will 
increase  your  Annual  Percentage  Rate  on  the  entire  balance 
to  17.90%.  The  Penalty  APR  will  continue  to  apply  unless  you 
make  6  consecutive  minimum  payments  when  due  (beginning 
with the billing cycle immediately following the application of the 
Penalty APR) and do not exceed your credit limit during that time 
period. If these requirements are met, your credit card rate will 
be lowered to reflect your original tier.

Monthly Periodic Rate
The Monthly Periodic Rate is determined by dividing the Annual 
Percentage Rate by twelve (12 months in a year).
Calculation of Interest Charges
Interest Charges for each monthly billing cycle will be calculated 
by multiplying the Average Adjusted Daily Balance by the Monthly 
Periodic  Rate.  We  will  calculate  your  Average  Adjusted  Daily 
Balance as follows: We take the outstanding balance (all amounts 
you owe) at the start of the day. Then, in the sequence in which 
the amounts post to your account, we add the amount(s) of all 
debits  and  subtract  the  amount(s)  of  all  payments  and  credits 
which post to your account that day. After applying payments and 
credits, we subtract any amount of late charge, interest charge, 
and any other charges that remain unpaid.
The  result  is  the  adjusted  daily  balance  for  that  day.  We  add 
together all the adjusted daily balances for each day in the billing 
cycle  and  divide  the  total  by  the  number  of  days  in  the  billing 
cycle. The result is the Average Adjusted Daily Balance for that 
billing cycle.
Interest Charges are imposed only if you do not pay in full the new 
balance for Purchases shown on your Periodic Statement within 
25  days  of  the  end  of  the  statement  period.  However,  interest 
charges  will  be  assessed  and  will  accrue  on  any  cash  advance 

(see  Purchases/Cash  Advances)  from  the  date  that  such 
cash  advance  transaction  is  posted  to  your  account  to  the 
date the cash advance balance is paid in full or the Statement 
Closing  Date  whichever  comes  first,  even  if  payment  of  the 
entire New Balance is received by us by the Payment Due Date. 
In  other  words,  there  is  no  time  period  within  which  credit 
extended  to  you  by  a  cash  advance  may  be  repaid  without 
incurring an interest charge.

Late Charge
If  the  minimum  payment  due  is  not  received  by  the  Credit 
Union within 15 days after the payment due date, a late charge 
of $25 will be imposed.

Additional Fees and Service Charges

We may charge additional service charges for the following:

•  each draft copy that you request: $10
•  additional  copies  of  your  monthly  billing  statement:  $2 

(per statement)

•  any payment instrument or method including check, in-
person, ACH or other electronic transaction returned to us 
for any reason: $20

•  researching  transactions  occurring  prior  to  your  most 
recent account statement: $20 per hour, minimum $20

•	 card replacement fee: $5
•	 convenience check stop payment:  $15
•	 balance transfer stop payment fee:  $15
•	 each request to have a credit card delivered by courier:  

$20

Change in Terms
This Agreement is the contract which applies to all transactions 
on your Account, even though the sales, Cash Advance, credit, 
or other documents you sign, agree to, or receive, may contain 
different  terms.    We  may  amend,  modify,  add  to,  or  delete 
from this Agreement any term, condition, service, or feature 
at any time, including the amount or calculation of INTEREST 
CHARGES. Unless we state otherwise, the change will affect any 
unpaid balance outstanding and any subsequent transactions.  
A  notice  will  be  mailed  to  your  last  known  address  at  least 
45 days prior to the effective date of the change as required 
by federal or other law.  When a notice of change in terms is 
required,  it  may  be  sent  as  late  as  the  effective  date  of  the 
change when the change has been agreed to in writing by you.  
Rates are based on approved credit. 

Cancellation of Card
You  may  cancel  your  card  at  any  time  in  writing,  enclosing 
all cards on your account cut in two. Cancellation of the card 
will end all charging privileges.  We have the right to revoke 
your right to use the credit card at any time. We can do this 
with or without cause and without giving you notice. We may 
list revoked credit cards in a cancellation bulletin or otherwise 
inform  firms  honoring  the  credit  card  that  the  credit  card 
issued  to  you  has  been  revoked  or  cancelled.  If  we  revoke 
the credit card or it expires, you must return it to us if we so 
request. Also, if a firm that accepts the credit card asks you to 
surrender an expired or revoked credit card, you must do so. 
You may not use the credit card after it has expired or after 
it has been revoked.  Cancellation or revocation of your credit 
card  will  not  affect  your  obligation  to  pay  any  amounts  that 
may be due under this Agreement.