WORLD MASTERCARD® CREDIT CARD 

AGREEMENT AND DISCLOSURES 

CONTENTS: 

Agreement Information 
Terms ............................................................................................ p.1 
Pledge of Shares and Security Interest .......................................... p.1 
Security Agreement ....................................................................... p.1 

Use of the Account 
1.     Using Your Account ................................................................ p.1 
2.     ATM Access ............................................................................ p.1 
3.     Maximum Credit Limit ............................................................ p.1 
4.     Finance Charges ..................................................................... p.2 
5.     Convenience Checks ............................................................... p.2 
6.     Foreign Currency/Cross Border Transactions ......................... p.3 
7.     Merchant Disputes ................................................................. p.3 
8.     Illegal Transactions ................................................................. p.3 
9.     Your Liability........................................................................... p.3 

Billing Information 
10.   Monthly Statement ................................................................ p.3 
11.   Minimum Payment Due .......................................................... p.4 
12.   Fees ........................................................................................ p.4 
13.   Promotional Rate Finance Charges ......................................... p.4 
14.   Returns, Adjustments, Credit Balances ................................... p.4 

Payment Information 
15.   Payments ................................................................................ p.4 
16.   Automatic Payment Option .................................................... p.5 
17.   Skip Payment Option .............................................................. p.5 

Default and Collections 
18.   Default ................................................................................... p.5 
19.   Collection Costs ...................................................................... p.5 

Other Provisions 
20.   Change of Name, Address, or Employment ............................ p.5 
21.   Updating and Disclosing Financial Information ...................... p.5 
22.   Correcting a Credit Report...................................................... p.5 
23.   Closing Your Account .............................................................. p.5 
24.   Changing this Agreement ....................................................... p.6 
25.   Delay in Enforcement/Waivers ............................................... p.6 
26.   Additional Benefits/Card Enhancements ................................ p.6 
27.   Cash Back Rewards................................................................. p.6 
28.   Mastercard Benefits………………………………………………………………….p.6 
29.   Overdraft Protection  ............................................................. p.6 
30.   Additional Terms of Agreement ............................................. p.6 

Your Billing Rights ........................................................................... p.7 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
THIS  IS  YOUR  AGREEMENT  AND  DISCLOSURE  STATEMENT  WITH  SOUTH  CAROLINA  FEDERAL  CREDIT  UNION.        PLEASE  READ  IT 
CAREFULLY  AND  KEEP  IT  FOR  YOUR  RECORDS.        IT  SUPERSEDES  ALL  PRIOR  AGREEMENTS  AND  DISCLOSURE  STATEMENTS 
RELATING TO YOUR ACCOUNT.  YOU DO NOT HAVE TO SIGN THIS AGREEMENT.  YOUR AGREEMENT TO ALL OF THESE PROVISIONS, AS 
AMENDED FROM TIME TO TIME INCLUDING THE CARD ISSUED BY US, WILL BE SHOWN BY YOUR APPLICATION FOR THE CARD, YOUR 
ACCEPTANCE OF THE CARD, OR YOUR USE OF THE CARD, WHICHEVER OCCURS FIRST. 

Terms.  In  this  Agreement, the  word  "Card"  means  your World Mastercard credit  cards  or  any  duplicates,  renewals  or substitutions 
we  issue.      The  words,  "you,"  "your,"  and  "yours"  mean  all  cardholders  (borrowers  and  co-borrowers);  anyone  any  cardholder 
permits to use the Card(s); as well as any authorized user for whom an additional Card(s) is issued to the extent of their purchases and 
cash  advances, as  well  as  transactions by  anyone they  permit  to use the Card(s).  The word "cardholder" means any applicant or co-
applicant  to  whom  a  Card  is  issued by  us.  The  words,  "Credit  Union,"  "we,"  "us,"  "our",  and  “South  Carolina  Federal”  mean  South 
Carolina Federal Credit  Union.  The  word  "Convenience Checks" means one  or  more checks that  we  may send to  you  to  access your 
Credit Card Account. 

Pledge  of  Shares  and  Security  Interest.  BY  SIGNING  AN  APPLICATION,  ACCEPTANCE  OR  AUTHORIZED  USE  OF  ANY  CREDIT 
CARDS,  YOU GRANT  AND  PLEDGE  A  CONSENSUAL LIEN  TO  US  ON  ALL  SHARES TO  SECURE  PAYMENT  OF  YOUR  OBLIGATIONS 
ON THIS ACCOUNT.  IN ADDITION, YOU ACKNOWLEDGE OUR STATUTORY LIEN RIGHTS UNDER THE FEDERAL CREDIT UNION ACT; 
YOU AGREE THAT SUCH A LIEN IS IMPRESSED AS OF THE DATE THAT THIS ACCOUNT IS OPENED; AND YOU AGREE THAT WE CAN 
APPLY THE SHARES PLEDGED AT  THE TIME OF  ANY  DEFAULT ON  THIS  ACCOUNT WITHOUT FURTHER NOTICE. “Shares”, for the 
purpose of  your pledge to  secure your obligations to  the Credit Union, means all deposits in  any share  savings,  share  draft, 
club,  certificate,  P.O.D.,  revocable  trust  or  custodial  account(s),  whether  jointly  or  individually  held  --  regardless  of 
contributions that  you  have  on  deposit  now  or  in  the  future. Your  pledge  does  not  include  any  I.R.A.,  Keogh,  tax  escrow, 
irrevocable  trust  or  fiduciary  account  in  which  you  do  not  have  a  vested  ownership  interest.  Military  Lending  Act  Partial 
Exception: If you or your dependents are expressly covered and entitled to the protections provided by the Military Lending Act 
then  NO  PLEDGE  OF  SHARES  OR  LIEN  ON  SHARES  APPLIES  EXCEPT  FOR  A  SHARED  SECURED  CREDIT  CARD  FOR  WHICH  YOU 
EXECUTE  A  SEPARATE  SECURITY  AGREEMENT.  Any  provisions  of  the  Agreement  (below)  that  address  the  items  expressly 
excepted in any section to the contrary also do not apply to such Loans. 

Security Agreement:  “Non-Purchase-Money Security Interests” Payments on  your Account are secured by any security interest in any 
property  securing  your  other  obligations  to  the  Credit  Union,  whether  existing  now  or  in  the  future, except  your  household goods 
and  your  primary  residence.  “Purchase-Money  Security  Interests”  You  hereby  grant  Credit  Union  security  interest  in  all  property 
purchased/acquired  by  you  or  any  authorized  user  pursuant  to  the  use  of  this  Account,  including  a  purchase-money  security 
interest  in  any  household  goods  purchased/acquired  with  an  extension  of  credit  upon  this  Account.          These  Purchase-  Money 
Security  Interests shall  secure  faithful  performance of  all  obligations arising  under  this  Agreement; and  the  Credit  Union shall  have 
all  of  the  rights  of  a  secured  party  in  accordance with  Article  Nine  of  the  Uniform  Commercial Code  and/or  other applicable law. 

1.   Using  Your  Account.  You  must  sign  the  Card  in  order  to  use  it.  You  can  purchase  or  lease  goods  and services ("Purchases") 
from  any  merchant who  honors  your  Card  up  to  your  maximum credit  limit  by  presenting  your  Card  and  signing  a  sales  receipt or 
writing  a  Convenience  Check  for  the  amount  of  the  Purchase.  You  may  also  use  the  Card  to  obtain  Cash  Advances  up  to  your   
maximum      credit      limit      from      financial  institutions  that  accept  the  World  Mastercard  credit  card,  and  by  use  of  preprinted 
Convenience Checks that  the  Credit Union may issue to  you.  You authorize us  to  honor any Purchase or  Cash Advance you  make by 
telephone, internet or mail on this account.  You agree that a signature is not necessary as identification in such cases. 
You agree not to present your Card, obtain a Cash Advance, or write a Convenience Check for any extension of credit in excess of your 
available  Credit  Limit  (the  difference  between  your  outstanding balance  and  your  maximum  credit  limit)  on  your  account.  Certain 
purchases  and  cash  advances  require  authorization  prior  to  completion  of  the  transaction.    In  some  cases,  you  may  be  asked  to 
provide identification.  If our system is not working,  we  may  not  be  able  to  authorize  a  transaction, even  though  you have  sufficient 
credit  available. Also, for security reasons, we may block the use of  your Card in certain countries or  geographic areas.  We will have 
no liability to you or others if any of these events occur. 

2.   ATM Access. If you have received a personal identification number (PIN), you may use your Card and PIN to obtain Cash Advances at 
any ATM that accepts your Card.   Your PIN is confidential and should not be disclosed to anyone.   You agree not to  write your PIN  on 
your  Card,  you  will  not  keep  your  Card  and  PIN  together, and  you  will  not  provide  your  PIN  to  anyone  who  is  not  an authorized 
user.  Owners of  ATMs  that  we  do  not  own  may  charge  fees  in  addition  to  any  fees  disclosed in  this  Agreement  or other Credit 
Card Disclosures that you receive. Any fees that we charge or that others charge for this service will be added to your account. The 
party charging the fee is required to provide appropriate disclosures to you with regard to any such fees. 

3.   Maximum Credit Limit. Your Maximum Credit Limit will appear on the folder in which you receive your Card and on  your monthly 
statement. The credit limit is  based on  your creditworthiness and our  underwriting standards. At our discretion, we may change your 
credit limit at any time, and may provide separate limits for purchases and for  cash  advances.   We will notify you  if  we do, either by 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017 

 
 
 
 
 
 
 
 
mail  or  through  your  monthly  billing  statement.  You  may  request  a  change  to  your  credit  limit  by  contacting the  Credit  Union  by 
telephone or mail. Your continued use of the card will show your agreement to any such increase.   If you object to an increase in your 
credit  limit,  you  must  notify  the  Credit  Union  in  writing.   Upon  receipt  of  such  notice,  your  credit  limit  will  be reduced to its prior 
limit;  however,  you  will  be  responsible  to  pay  any  amounts  by  which  you  have  exceeded  the  reduced  limit.  You  agree  to  pay  any 
amounts you owe that exceed your maximum credit balance  upon  demand.  You  agree  we  are  not obligated to  extend  to  you  credit 
for  any  amount  that  would  cause  your  outstanding  balance  to  exceed  your  Maximum  Credit  Limit,  or  for  any  amount  if  your 
outstanding balance already exceeds your  Maximum Credit Limit. Any increase in  your Maximum Credit  Limit  requested  by  you  will 
require you  to  make a  new  application for  our  approval. In  assessing your  credit limit  under the  provisions in  this  Section (either at 
our discretion or upon request): (a) we may and you authorize us to review your  credit history, including consumer credit reports; (b) 
you authorize us to have this review made by third parties to determine whether you meet the criteria we have set for such an increase; 
and (c) this process shall not be pre-screening under the Fair Credit Reporting Act or other applicable laws or regulations based on our 
existing relationship and this Agreement. 
ATM and Over-the-Counter Cash Advance Limits. Advances at authorized ATM's are limited to a total of $1010.00 during any 24- hour 
period. Over-the Counter cash advances are limited to three per day and based on your credit limit. 

4.   Finance Charges.   You agree to  pay the FINANCE CHARGE on  your account. A  FINANCE CHARGE computed on a  monthly periodic 
rate ("MPR") will begin to accrue for new Purchases, if you do not pay the New Balance in full within 25 days after the billing date of the 
statement on which the new Purchases first appear according to the Grace Period above. A FINANCE CHARGE computed on a monthly 
periodic rate ("MPR") will begin to accrue on the transaction date of Cash Advance(s) or Purchases (except as provided above), or the 
first day of the billing cycle, whichever is later, and will continue to be imposed until you have paid any outstanding balance in full. The 
Credit Union calculates the FINANCE CHARGE as follows: 

a.  The FINANCE CHARGE will be figured  by applying  the monthly  periodic  rate  to the average  daily balance of Purchases and Cash 
Advances.  Your Annual Percentage Rate (APR) is determined based on your creditworthiness and will be provided to you separately 
either in writing or electronically at the time your credit card is approved. 

APR = Prime + Margin, 18% Maximum 

Prime Rate +  8.00% 

Prime Rate +  10.00% 

Prime Rate +  12.00% 

Prime Rate + 14.65% 

RATES ARE VARIABLE AND SUBJECT TO CHANGE. Maximum APR is 18%. Your ANNUAL PERCENTAGE RATE (APR) will be calculated 
by adding  an  margin  from  above  to  the  Prime  rate  as  correctly  published  in  the  Wall  Street  Journal  as  of  the  Wednesday 
immediately  preceding  the  billing  cycle.  The  Credit  Union  may  adjust  the  rate  once  each  month  effective the  first  day  of  the 
billing cycle. APR changes will reflect on the following month’s statement. 

b.  To  get  the  total average daily balance on  your Account, we  take the  beginning balance of  your  Account each day,  add  any new 
Purchases and Cash Advances, unpaid Finance Charges, current late payment fees, and other fees, and subtract any payments or 
credits. This is  your daily balance. Then we add up all the daily balances for  the billing cycle and divide that  total by the number 
of days in the billing cycle. This gives you the average daily balance. This determines the balance subject to the FINANCE CHARGE. 

5.   Convenience Checks.  At our option, we may offer convenience checks. Any  individual cardholder or  authorized user  can  use  your 
Convenience Checks  to purchase goods and services or  to  obtain  cash  up  to  the  amount of  your  available credit  limit. Credit  Union 
will  treat  Convenience Checks  as  Cash Advances and will charge them against your credit limit. Credit Union may decline  to  honor  a 
Convenience Check  if  you  are  over your  credit  limit,  you  are  in  default,  your  account privileges  have  been  canceled,  or  your  Card 
has  expired.   If  we  decline  to honor a Convenience  Check,  Credit  Union  may  charge  you  a  fee,  which  the  Credit  Union  will  add  to 
your  account  balance. Convenience Checks  may  be  used  only  by  the  person  whose  name  is  printed  on  them.   You  may  not  use 
Convenience Checks to  pay any amount you  owe the  Credit Union  under this  or  any other credit agreement with  the  Credit Union. 
Credit  Union  will not  certify any Convenience Checks, nor  will the  Credit  Union return paid Convenience Checks to  you.   It  is  in  the 
Credit Union's sole discretion to issue Convenience Checks to any member. 
Stopping payment of a Convenience Check. You may ask us to stop payment of a convenience check by calling us at (800) 845-0432. You 
may be  charged a  stop  payment fee/a stop payment fee  may be  added to  your account balance. Your stop  payment request will  be 
effective permanently. We will use commercially reasonable efforts to stop payment on your convenience check. However, you agree 
that convenience checks are credit transactions; and that we will not be responsible in any way if the convenience check that you  have 
requested us  to  stop  payment on  is  cashed or  otherwise presented for  payment and,  using commercially reasonable efforts, we are 
unable to stop payment. You agree that the UCC does not apply to a convenience check 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017 

 
 
 
 
 
 
 
 
 
6.   Additional Charges for  Transactions in  a  Foreign Currency and “Cross-Border” Transactions. 
Currency  Conversion  Fee:  If  you  effect  or  authorize  a  transaction  with  your  access  device  in  a  currency  other  than  US  Dollars, 
Mastercard  will  convert  the  charge  into  a  US  Dollar  amount.  The  Mastercard  currency conversion procedure includes  use  of either 
a  government  mandated  exchange  rate,  or  a  wholesale  exchange  rate  selected  by  Mastercard,  as  applicable.  The  exchange  rate 
Mastercard uses  will be  a  rate in  effect on  the day the transaction is  processed. This  rate  may  differ  from  the  rate  in  effect on  the 
date of the purchase or the date the transaction was posted to your account. A Currency Conversion Fee of up to 1% will be applied to 
transactions that are converted from foreign currencies to U.S. dollars. 
Cross-Border Transaction Fee:  In addition,  Mastercard  charges  us  a  Cross-Border  Assessment  up  to  1%  on  each  transaction on  all 
cross  border transactions regardless of whether there is a currency conversion. For purposes of this Section, “cross-border transaction” 
shall  include  both  (a)  transactions  initiated  in  a  foreign  country,  which  are  subsequently  settled  in  the  United  States,  and  (b) 
transactions initiated in  the  United States but  are  ultimately settled in  a  country outside of  the United States. The Credit Union  will 
assess  these  fees  to  you  to  reimburse it  for  the  fee  it  is  required to  pay for  each  of  your  transactions subject to  these terms.  The 
Cross-Border Transaction  fee(s)  will  be  shown  separately  on  your  periodic  billing  statement(s).  The  Currency Conversion Fee,  if  it 
applies to the transaction, will be included in the transaction amount posted on your statement. 

7.   Merchant  Disputes.    The  Credit  Union  is not responsible  for the refusal  of any merchant  or financial institution to honor your 
Card except as set forth in the Special Rules for Credit Card Purchases set forth at the end of this Agreement. 

8.   Illegal Transactions.  You warrant and agree that your Credit Card, other access device or any related account will not be used to 
make  or  facilitate  any  illegal  transaction(s)  as  determined  by  applicable  law;   and   that   any   such   use,   including   any   such 
authorized  use,   will   constitute  an   event  of   default  under  this  Agreement.   Certain  federal and/or  state  laws  or  Card  Service 
Providers’  Rules  may  limit  or  prohibit  certain  transactions  such  as  (but  not  limited  to)  those  coded  as  possible  gambling 
transactions. The Credit Union may decline to accept, process or pay any transaction that we believe to be illegal or unenforceable 
(regarding your obligation to pay us or otherwise) under applicable law; or  which is  otherwise limited or prohibited, including but 
not  limited  to  any  transaction  involving  or  relating  to  any  gambling  activity.  Such  prohibition  or  limitations  may  affect  some 
otherwise  proper  or  allowable  transactions  such  as  charges  incurred  at  a  hotel-casino.  You  understand  and  agree  such 
limitations/prohibitions  are   not   within   the   Credit   Union’s  control   and   that   the   Credit   Union   will   not  have  any  liability, 
responsibility or  culpability whatsoever for  any  such  use  by  you  or  any  authorized user(s); or  for  declining to  accept, process, or 
pay any such transaction.   You further agree to indemnify and hold the Credit Union harmless from any suits, liability, damages or 
adverse action of any kind that results directly or indirectly from any such use of your account and/or access devices. 

9.   Your  Responsibility  and   Liability  for  Unauthorized  Use  and   Lost  or   Stolen  Cards  or   Convenience Checks. If  your  Card  or 
Convenience Checks are lost or stolen, or if you suspect someone used or may use them without your permission, you must notify the 
Credit Union at once by calling   1-855-510-4594 (US) or 310-287-2002 (International) or writing Credit Card Services-PO Box 182477-
Columbus,  OH  43272-4935.  If  notice  is  given  orally,  you  will  promptly  confirm  it  in  writing.    The  Credit  Union  may  require  you  to 
provide us certain information in writing to help us investigate any unauthorized use.   Further, you agree to cooperate and assist us or 
any  government or  law  enforcement  agent  or  agency  in  investigating,  collecting  or  pursuing  any  other  rights  (civil  and  criminal) 
relating to  any unauthorized use.   In this regard, you agree to file an appropriate police report when asked to do so.   Do not use the 
Card or the Convenience Checks after you have notified the Credit Union, even if you find them or have them returned to you. 

You are liable for all transactions that you authorize. 
No Liability: You will have no  liability for  unauthorized use  of  your  Card,  Convenience Checks  or  other  Access  Devices  for  non-ATM 
transactions made over the Mastercard Network if the following conditions are met: (1) You have not been grossly negligent; and (2) You 
have not committed, participated in or conspired to commit any fraudulent act or scheme involving the use of your Mastercard credit 
card account. 
Limited Liability: For  transactions on  other networks or  ATM transactions, you may be liable for unauthorized transactions using your 
Card, Convenience Checks or  other Access Devices that occur before we are notified.  However, your liability for unauthorized use  on 
networks other than Mastercard will not exceed $50.00.  In any case, you will not be liable for any unauthorized use after notifying us 
of the loss, theft or unauthorized use of your Card, Convenience Checks or other Access Devices. 

10. Monthly Statement.   We  will  send  you  a  monthly billing  statement whenever there  is  activity on  your  account.  Your  monthly 
statement  will  show  information  concerning  your  account  as  required  by  law.  Such  information may  include  but  is  not  limited  to 
purchase and  cash  advance transactions, credit limit,  etc.   E-Statements: You will be sent a notice via e-mail that will direct you  to  a 
site  we  maintain  or  cause  to  be  maintained  where  you  may  access,  review,  print  and  otherwise  copy/  download  your  periodic 
statements using procedures that we authorize.  E-mails from us will be sent to the e-mail address provided by any owner to  the last 
known e- mail address provided. You agree to notify us promptly of any change of your e-mail address. If  you have not notified us  of 
any change of your e-mail address, you agree that your failure to provide us with a valid e-mail address is  the lack of ordinary care on 
your part. If we become aware that you are not receiving e-mail, we may restrict your access to these services until you provide us with 
the correct e-mail address and you may be converted to paper documents. 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017 

 
 
 
 
 
 
 
 
11. Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly installments. If you do 
not pay  your  balance in  full,  you  agree  to  pay  at  least  a  minimum payment of  2.5%  of  your  New  Balance  (rounded to  the nearest 
whole  dollar)  or  $10.00,  whichever  is  greater  at  the  end  of  each  statement  period.  If  the  New  Balance  shown  on  your  periodic 
statement is $10.00 or less, you agree to pay this amount.   Unless the  Credit Union takes other action as  a  result of  a default under 
this  Agreement,  the Minimum  Payment  Due  will  also  include  any  amount  that  is  past  due  and  any  amount  by which  your  new 
balance exceeds  your  credit  limit.   Payments and  credits  will  be  applied first  to  pay  billed  but  unpaid finance charges; late charges, 
and  other  fees  or  charges  provided  for  herein;  and  next  to  unpaid  cash  advances; and  then  to  your  unpaid  purchase balance. The 
"Payment Due Date" will be shown on your periodic statement. 
Grace Period:  Grace period for repayment of the balance for purchases is approximately 25 days from the close of the billing cycle. See 
your statement for billing cycle date. 

12. Fees.  In  addition  to  the  periodic  rate,  the  following  additional  fees  may  be  imposed  on  your  account.  If applicable to  your 
account, the fee amounts and explanations are disclosed on the Credit Card Disclosure accompanying this Agreement. 

a.  Expedited  Payment  Fee.  You  may  be  charged  a  fee  for  expedited  payments  made  via  telephone  to  a  Credit  Union 
Representative. Fees  are  not  assessed  for  payments  made  by  mail,  electronic  transfer,  or  telephone authorization  through  an 
automated service. Ask us for applicable fee amount. 

b.  Late  Payment  Fee.  Credit  Union  will  charge  your  account  a  late  payment  fee  for  each  billing  period  in  which  your  minimum 
payment  is  not  received  within  five  (5)  days  of  your  payment  due  date.  This  fee  may  be  added  to  your  account  balance,  or 
collected from you on demand. 

c.  Returned  Payment  or  Insufficient  Funds  Fee.  Credit  Union  will  charge  your  account  a  fee  if  your payment by any method, 
including  check,  electronic  transfer,  home  banking  transaction  or  otherwise,  is  not  honored,  or  if  we  must  return  it  to  you 
because  it  cannot  be  processed  for  any  reason.    This  fee  may  be  added  to  your  account  balance,  or  collected  from  you  on 
demand. 

d.  Charge for Copies, Research and Card Replacement.  If  you ask  for a  copy of  any document, such as a  sales draft, Convenience 
Check, or  billing  statement, a  charge may be  imposed for  the  time  it  takes  to research and  locate  the  document. However, no 
charge will be imposed in connection with any actual or asserted billing error. 

e.  Annual Fee. Credit Union will charge your account a $49 annual fee, waived for the first twelve (12) months. The $49 Annual Fee 

charge will appear as a charge on your statement during the thirteenth (13th) month after your card is opened. 

13. Promotional  Rate  Finance  Charges.    From  time  to  time  and  in  our  sole  discretion  we  may  offer  a  special rate  applicable to 
certain  transactions  such  as  particular  purchases  (as  defined  by  us),  balance  transfers,  or  cash  advances.    Applicable  terms  and 
conditions will be  disclosed at  the  time any  such promotion is  offered, and  are  incorporated into  this  Agreement by  reference. The 
promotional rate will apply only to  the transactions and for the period of time set forth in any such offer from us.   Existing balances 
and  new purchases  or  advances not  expressly subject  to  any  such  promotion will  remain  governed by  the  terms  and conditions of 
this Agreement.   In addition, the terms and conditions of this Agreement will govern your obligations regarding any unpaid balance or 
transactions that  are  made  subject  to  any  such  promotional offer,  that  are  not  fully  paid  within  the  time  period  set  forth  in  such 
promotional offer. 

14. Returns, Adjustments, Credit Balances. Merchants and others who honor your Card may give credit for returns or adjustments, and 
they will do  so by sending the Credit Union a credit transaction, which will be posted to  your Account.  If your credits and payments 
exceed what you owe the Credit Union, the amount will be applied against future purchases and cash advances.  If the credit balance 
amount is $1.00 or more, it will be refunded upon your written request or automatically after six months by transferring the amount to 
your share savings account or mailing a check (only upon request) payable to the order of any cardholder to the statement mailing address. 

15. Payments.  You will be  jointly  and severally  liable and agree  to pay  the Credit  Union  for all charges (purchases, cash  advances, 
finance charges, and other charges added to your Account under the terms of this or any other agreements with us) extended to you or 
anyone else using any Card issued for  your account, unless the  use  of  such  Card  is  by  a  person other  than  you,  who  does not have 
actual, implied or apparent authority for  such  use  and  from  which  you  receive no  benefit.   Authority includes, but  is not  limited  to, 
any authorized users  permitting another person to  use  any  Card(s).   Further, all  users  are  obligated to  us  for  all charges they make, 
authorize or permit. 
The  Credit  Union  can  accept  late  or  partial  payments  as  well  as  payments  that  are  marked  with  "paid  in  full"  or  other  restrictive 
endorsements, without losing any  of  our  rights under this  Agreement. You  must pay the Credit Union in U.S. dollars drawn on funds 
on  deposit  in  the  United  States.    If  you  make  payment  with  other  currencies  or  from  an  institution  domiciled  outside  the  United 
States, then your payment will not be credited until the funds have been collected by us in U.S. dollars. 
Unless  otherwise  required  by  specifically  applicable  laws,  for  payments  received  by  mail  by  5:00  PM  EST,  your  payment  will  be 
effective that day; and for payments made in any other manner, including in person, your payment is effective the date received.  To 
protect you and us, the Credit Union, in its sole discretion, may place a temporary freeze on all or part of the credit available to you 
for new purchases or cash advances under this agreement any time the  Credit  Union  receives a  large  payment  $5,000.00 or   more)  
by  any  method.  In such cases, the Credit Union may freeze your credit line until payment is actually collected or verified. 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017 

 
 
 
 
 
 
 
 
16. Automatic Payment Option.   If you requested the Automatic Payment Option in  your Application, all Minimum Payments due will 
automatically be  deducted from  your  designated account  on  your  Payment Due Date.   If  your  designated account does not contain 
sufficient  funds,  no  automatic  deduction  will  be  made;  we  will  bill  you  for  the  Minimum  Payment Due;  and  your  account  will  be 
charged an insufficient funds fee and you will be responsible for making the payment by some other means. 
17. Skip  Payment  Option.  At our  option,  we  may  offer  you  the  opportunity  to  not  make  ("skip")  a  minimum payment during 
certain  designated  billing  cycles  ("skip  payment  period").      If  you  do  not  make  your  minimum  payments  as  provided  in  this 
Agreement,  during  such  designated  billing  cycles,  you  understand  that  we  will  continue  to  apply  finance  charges  to  your  account. 
Beginning with the billing cycle following an allowed skip payment period, all other provisions of this Agreement will apply. 

18. Default.  You will be in default if: (a) you fail to pay the Minimum Payment Due by the Payment Due Date; (b) the Credit Union, in its 
sole discretion, feels insecure (For example:  Our good faith belief that your ability to pay your account is impaired; use of your account 
in any manner or in any way that may expose the Credit Union to a risk of loss; etc.); (c) your ability to repay is materially reduced by a 
change in  your employment, by an increase in  your obligations, by bankruptcy or insolvency proceedings involving you, by your death, 
or (for community property state residents only) by a change in marital status or domicile; (d) you exceed your credit limit without our 
permission; (e) you have made a false or misleading statement to us in  your application or otherwise; (f) you are in default under any 
other agreement with us; (g) if you use or authorize the use of any Card(s) to  make or  facilitate any illegal  transaction;  or  (h)  you  fail 
to    perform  any  of    your  other  obligations  under  the  terms  of  this  Agreement  as  it  may  be  amended from  time  to  time.    Upon 
default we may close your Account to  future purchases and  advances and, to  the extent not prohibited  by  Governing  Law,  demand 
immediate  payment  of your  entire  Account  balance,  after  giving  you  any  notice  and opportunity  to  cure  the  default  if  required 
by  applicable law.    The  Credit  Union's  sole  obligation  hereunder  with  regard  to determining and  declaring  an  event  of  default  is  
the  exercise  of   "good  faith,"  based  on   its   subjective  understanding  of applicable facts. We shall also have the right to close your 
account and terminate access privileges where your account is inactive for such periods of time as we may from time-to-time determine 
to be appropriate for protecting both our and your interests. 

19. Collection Costs.  You  agree  to  pay  all  costs  incurred  by  the  Credit  Union  in  collecting any  amounts  you  owe  or  in  enforcing  or 
protecting  the  Credit  Union's  rights  under  this  Agreement,  including  attorneys'  fees  of  20%  of the  unpaid  balance or such greater 
sum  as  may  be  reasonable,  and  also  those  costs,  expenses  and attorneys'  fees  incurred  in  any  appellate,  bankruptcy  and  post-
judgment proceedings, except as  limited  or prohibited by applicable law. 

20. Change of  Name,  Address or  Employment. You  will  notify the  Credit  Union  immediately in  writing  if  your name, home address, 
email address, telephone number, or employment changes. 

21. Updating and  Disclosing  Financial  Information. We  may  report  your  performance under  this  Agreement to  consumer  reporting 
agencies  and  secure  follow-up  consumer  reports  on  you  for  any  legitimate  business  reason,  including  if  you  fail  to  make  your 
minimum payments on time.  We can reinvestigate and reevaluate any information you provide on your Mastercard Application at any 
time, and in the course of doing so, we may ask you to provide additional information, request credit bureau reports and/or otherwise 
verify your current credit standing. 
Access  to  Account  Information:  You  agree  that  all  borrowers  and  authorized  users  will  have  access  to  information  regarding 
transactions  on  your  account,  including  but  not  limited  to  purchases  and  cash  advances,  account  balances,  account  history, 
payments  and  other  information  relating  to or  arising  with regard to this account or any transaction. 

22. Correcting  the  Credit  Union's  Credit  Report.  If  you  think  the  Credit  Union  reported  erroneous  information  about  you  to  a 
consumer  reporting  agency,  call  the  Credit  Union  at  the  telephone  number  listed  on  your monthly billing statement.  Credit Union 
will  promptly investigate the  matter, contact each  consumer reporting agency whose records may  reflect  an  error  and require them 
to correct your report if its investigation decides that you were correct.  If Credit Union disagrees with you after the investigation, Credit 
Union will advise you, in writing or by phone, and instruct you how to submit to those agencies a statement of your position that will 
become  a  part  of  your  consumer  record  with  them.   The  instructions  will  include  the  name,  address,  and phone number of each 
such agency, along with other pertinent information. 

23. Closing Your Account.   Any individual cardholder without the consent of other cardholders may close your Account at any time by 
notifying  us  in  writing  as  indicated  in  this  Agreement.    Credit  Union  may  close  your  account  or  suspend  your  Card  privileges  or 
Convenience  Checks  at  any  time  without  prior  notice.    Credit Union  may  also  reissue  a  different  Card  or  different  checks at  any 
time.   You  must  return  the  Card  or  the Convenience  Checks  to  the  Credit  Union  upon  request.    You  agree  that  the Card  and  all 
Convenience Checks remain the property of Credit Union.   Each Card we issue will have an expiration date.   Upon expiration of  your 
Card  your account  will  automatically terminate; or  the  Credit  Union,  in  its  sole  discretion, may  extend  your Agreement  and  issue  a 
new  card  with  a  new  expiration  date.    If  your  account  is  closed, expires or your credit privileges are terminated or  suspended, you 
will  remain  responsible for  paying  all amounts you owe us according to  the terms of this Agreement.  Without  limiting  the  foregoing, 
the  Credit Union has the right to terminate your line of credit and to demand the return of  all cards, access checks and other  access 
devices  if  the  Credit  Union,  in  its  sole  discretion,  feels  that  it  is  insecure  for  any reason whatsoever;  including  but  not  limited  to 
mismanagement  of  your  account,  failing  to  safeguard  any  access device, creation of  any  credit balances by  you  that  may  increase 
the  risk  of  loss  or  exposure of  the  Credit Union  or  failing  to  cooperate with  the  Credit  Union  or  others  with  regard  to  any  claim  of 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017 

 
 
 
 
 
 
 
 
unauthorized use or any other defense to payment under applicable law 

24. Changing  This Agreement.    The Credit Union  may change  the terms of this Agreement,  including  the Annual Percentage Rate, at 
any time.   Except where limited by applicable law, the new terms, including, but not  limited  to,  increasing  the  finance charge  or  the 
way  the  Credit  Union  calculates finance  charges,  late charges, and the minimum payment due, will apply both to new  purchases and 
cash  advances and  to  the existing outstanding balance of  your  account as  of  the  day  of  the  change.   We reserve the right to refuse 
to honor any request for credit, to reduce your credit limit or terminate your account at any time using our  sole  discretion, based  on 
changes in  the  economy, the  Credit  Union's financial condition, your  creditworthiness or for  any other reason not prohibited by law. 
In  accordance with  applicable law,  the  Credit Union will  notify you of  any increased charge or  change by  writing to  you  at  the  most 
recent address shown for you on the Credit Union's records. 

25. Delay  in  Enforcement/Waivers.   The  Credit  Union  may  delay or  waive  enforcement of  any  of  the  provisions of  this  Agreement, 
including  any  agreement  to  make  timely  payments,  without  losing  its  right  to  enforce  the  same  provision  later  or  any  other 
provisions  of  this  Agreement.    You  waive  the  right  to  receive  notice  of  any  waiver  or  delay  or  presentment,  demand,  protest  or 
dishonor.   You also waive any applicable statute of limitations to the full extent permitted by law and any right you may otherwise have 
to require the Credit Union to proceed against any person before suing you to collect. 

26. Additional Benefits/Card Enhancements. The Credit Union may from time to time offer additional services to your Account, such as 
travel  accident  insurance,  purchase  rewards  or  rebates  at  no  additional  cost  to  you.  You  understand that  the  Credit  Union  is  not 
obligated to continue or to offer such services and may withdraw or change them at any time. If these benefits are withdrawn prior  to 
any accrued use by  you, the  Credit Union will have no obligation to provide the benefit or enhancement, or any other compensation 
or consideration. 

27. Cash Back Rewards.  World Mastercard holders will earn 1.5% cash back on all net Card purchases (purchases minus credits or 
returns) only. Cash advances and balance transfers are not considered purchases and will not earn rewards. Cash back rewards  are 
redeemed in the form of a statement credit upon request. The rewards balance will be displayed on the statement. Rewards do n ot 
expire, but if your World Mastercard Account is closed, you will lose any rewards that have not been redeemed. There are no cap s 
on rewards. 

28. Mastercard Benefits. The World program comes with Mastercard Benefits, not listed in this Agreement. These benefits are provided 
and governed by Mastercard and may change at any time. These benefits have their own disclosures and contact information, which 
can be found in the MasterCard World Card Cardholder Benefits, available from Mastercard. 

29. Overdraft Protection. You  can  choose to  link your Credit Card  to  your Checking account for  overdraft protection. To do  this, you 
must  notify  us  to  select  this  option  and  inform  us  of  the  order  in  which  you  want  your  credit  card  to  act  as  an  overdraft  source. 
Overdraft advances will be treated as a cash advance as outlined in the Finance Charges section with interest accruing from the date of 
the  overdraft  advance  and  will  not  earn  Cash  Back  Rewards.  If  you  have  multiple  account  owners  or  authorized  signers  on  your 
checking  account,  you  will  be  responsible  for  all  advances,  including  interest  and  charges  from  your  credit  card  to  cover overdrafts 
regardless  of  who  initiates  the  transaction  that  causes  the  overdraft.  Overdraft  advances  will  transfer  funds  to  y our  checking 
account  in  the  amount  needed  to  cover  the  transaction  if  your  credit  card  is  in  good  standing  and  the  credit  available  is  sufficient. 
Overdraft advances may occur that cause you to exceed your credit limit. If this occurs, you agree to pay the over limit amount along 
with any applicable payment amount. 

30. Additional Terms of Agreement. To the extent not prohibited by applicable law, the terms, interpretation and enforcement of any 
claim  or  dispute  arising  under  this  Agreement, as  well  as  all  parties’  rights  and  duties,  will  be    governed  by  South  Carolina  law 
regardless  where  you  may  reside  or  use  your  account.    Further,  this Agreement is  the contract which governs all transactions on 
your  Account even  though sales,  cash  advances,  credit  or  other  slips  may  contain  different  terms.   You  may  not  transfer  or assign 
your  account  or  Card  to  any  other  person.  The  Credit  Union  may  assign  or  transfer  this  Account,  your  Account  balance,  or  this 
Agreement  to  another  person,  who  will  have  all  of  our  rights  hereunder.      This  Agreement  is  binding  on  your  heirs  and  legal 
representatives.  If  there are joint borrowers, a  guarantor or  authorized users for  this  credit plan, each of you  will  have the right  to 
use  the  Account  to  obtain  loans  pursuant  to  the  terms  hereof.      Any  one  applicant,  guarantor,  or  authorized  users  elections, 
transactions  and  directions  to  the  Credit  Union  shall  be  binding upon  all  obligors. Each  of  you  will  be  liable  for  all  obligations 
owing on the Account whether borrowed by you or otherwise and whether within or beyond the credit limit.   Further, each of  you are 
responsible for all amounts borrowed by any authorized user(s).  Authorized users and other users may also be required  to  repay  the 
amount  owed  for  charges  they  make;  however,  you  remain,  at  all  times,  primarily  responsible  for  all amounts  owed.  All  Cards, 
billing  statements and  notices  will  be  mailed  or  delivered  to  the address  given  on  the  application  for  either  applicant  unless  you 
direct  otherwise  in  writing.      If  any  law  or  judicial  ruling  makes  any  part,  provision,  sentence  or  section  of  this  Agreement 
unenforceable, the remainder  will  continue  in  full  force  and  effect.   You  agree  that  your  account will  also  be  subject to  all rules 
and  regulations  of  Mastercard,  as  applicable,  which  are  incorporated  herein  by  reference.  If  there  is  any  conflict  between  this 
Agreement and  the  rules  and  regulations of  Mastercard, the  rules  and regulations of Mastercard, will control, as applicable. 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017 

 
 
 
 
 
 
 
 
 
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: 

Card Services – Dispute Center 
P.O. Box 182477 
Columbus, OH 43272-4935 

Or fax your dispute information to 678-375-6096 

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. 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 your balance. 
• If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that 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 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, all of 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. 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.   You must not yet have fully paid for the purchase. 

All requests to use this right must be submitted in writing to: Card Services-Dispute Center, P.O. Box 182477, Columbus, OH 43272- 
4935. While we investigate, the same rules apply to the disputed amount as discussed above. 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. 

To Report a Lost or Stolen Card or Other Access Device 
after hours, call: 

1-855-510-4594 
301-287-2002 (International) 

To Close the Account:  (SEND WRITTEN NOTICE) 

South Carolina Federal Credit Union 
P.O. Box 190012 
North Charleston, SC 29412-9012 
843-797-8300 
1-800-845-0432 

South Carolina Federal Credit Union 
WORLD MASTERCARD CREDIT CARD APPLICATION DISCLOSURE 

October 2, 2017