Summary of Credit Terms - Union Bank Bank Freely Rewards Visa Card 

PLEASE NOTE: If you apply for the Union Bank® Bank Freely™  Rewards Visa® Card and meet our eligibility criteria for the Visa Signature® Card, you agree that we may 
consider your application as one for (and upgrade you to) the Union Bank Bank Freely Rewards Visa Signature Card.

The rates below reflect the 6/16/22 Prime Rate increase that we will implement on 7/20/22. For accounts opened through 7/19/22, the Summary of 
Credit Terms with your new card will not reflect the increased rate. For accounts opened after 7/19/22, the Summary of Credit Terms will reflect the increased 
rate.
Interest  Rates  and Interest  Charges 

Annual Percentage  Rate 
(APR) for Purchases 

0.00% Introductory APR f or the f irst 12 months that your account is open.
Af ter that, your  APR  will be15.49% to 25.49%, based on your
creditworthiness. This APR will vary with the market based on the Prime Rate. 

APR for  Balance Transfers 

0.00%  Introductory APR f or the f irst 12 months that your account is open. 

Af ter that, your APR will be 15.49% to 25.49%, based on your 
creditworthiness. This APR will vary with the market based on the Prime Rate. 

APR for  Cash Advances 

26.75%. 

This APR will vary with the market based on the Prime Rate. 

Penalty APR 

None 

Paying Interest 

Your due date is at least 21 calendar days af ter the close of each billing cycle. We will not 
charge you any interest on purchases if  you pay your entire balance by the due date each 
month. We will begin charging interest on cash advances and balance transfers on the 
transaction date. 

Minimum Interest Charge 

If  you are charged interest, the charge will be no less than $1.75. 

For Credit Card Tips from 
the Consumer  Financial 
Protection  Bureau 

To  learn more about f actors to consider when applying for or using a credit card, visit the 
website of  the Consumer Financial Protection Bureau at 
http://www.consumerfinance.gov/learnmore. 

Fees 

Annual Fee 

Transaction  Fees 

•

Balance Transf er

• Cash Advance

None 

Either $10 or 3% of  the amount of  each balance transfer, whichever is greater. 

Either $15 or 5%  of  the amount of  each cash advance, whichever is greater. 

•

Foreign Transaction

None 

Penalty Fees 
•

Late Payment

Up to $37. 

• Over-the-Credit  Limit

None 

• Returned Payment

Up to $35. 

How We  Will Calculate  Your Balance:  We use a method called "average daily balance (including new purchases)." 

The inf ormation about the costs of the card described in this application is accurate as of 07/20/2022. This information may 
have changed af ter that date. To  f ind out what may have changed, please call us at 877-505-6789. 

SEE BACK OF PAGE for more important information about your account. 

Page 1 of 5 

ADDITIONAL  TERMS & CONDITIONS 

If an account is opened, you will receive a Cardmember Agreement (“Agreement”) with your card(s). You agree to the terms of this Agreement by: using the 
account or any card, authorizing their use, or making any payment on the account. We have the right to change the account terms (including the APRs) in 
accordance with your Cardmember Agreement. We reserve the right to change the benefit features associated with your card at any time. Complete terms 
and conditions will be provided to you when you become an approved cardmember. Cards are issued and serviced by Union Bank Card Services, a division 
of MUFG Union Bank, N.A. 

IMPORTANT  INFORMATION  ABOUT  PROCEDURES  FOR  OPENING A NEW ACCOUNT 

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record 
information that identifies each person and/or entity that opens an account; and What this means to you: When you open an account, we will ask for your 
name, address, date of birth (for individuals) and other information that will allow us to identify you. We may also ask to see your driver’s license or other 
identifying documents. 

CREDIT  REPORT AUTHORIZATION 

By submitting an application for credit, you authorize us to obtain credit bureau reports that we will use when considering your application for credit. You also 
authorize us to obtain credit bureau reports and  any other  information about you in connection with the  extensions of  cred it  on your  account  and  the 
administration, review or collection of your account. If you ask, we will tell you the name and address of the credit bureau from which we obtained a report about 
you. You also authorize us to verify your employment, income and other relevant information. 

COMMUNICATION  AUTHORIZATION 

By providing a telephone number, including but not limited to a  cellular (mobile) telephone number, you agree that we (including companies working on our 
behalf) have your  express consent to contact you or the Company at the number provided about any of the Company’s Union Bank accounts, and that we 
may use text messaging, artificial or prerecorded voice messages and automatic dialing technology to call you for any non-telemarketing purpose, including 
but not limited to informational, account servicing, and collection calls. Message and data rates may apply. You also agree that by providing your email address, 
we have your permission to contact you through your email address to notify you of progress on your application, provide important accou nt in formation, to let 
you know about other products and services. 

ARBITRATION  NOTICE 

If you are issued a credit card, your Agreement will contain a binding arbitration provision. In the event of any dispute relating to your account, the dispute will 
be resolved by binding arbitration pursuant to the rules of the American Arbitration Association or JAMS/Endispute. Both you and we agree to waive the right 
to go to court or to have the dispute heard by a jury (except as to any collection activities on your account). You and we will be waiving any right to a jury trial 
and you also would not have the right to participate as a part of a class of claimants relating to any dispute with us. Other rights available to you in court may 
also be unavailable in arbitration. When you receive your Agreement, you should read the Resolution of Claims by Arbitration provision in your Agreement 
carefully and not accept or use the Card unless you agree to be bound by the arbitration provision. 

BALANCE  TRANSFERS 

If you are issued a credit card, you authorize us to make one or more of the balance transfers that you have requested from credit card accounts or other types 
of accounts with other financial institutions. Balance Transfers cannot be used to pay off or pay down any Union Bank credit card, either opened in your name 
or any other person. All balance transfer requests are subject to our approval; we are not liable if  we do not make a requested balance transfer. We reserve 
the right to make  balance transfers in the order we select and to limit  the amount of the balance transfers that we make (this amount may be less than yo ur 
total credit limit).  If you request an amount that we do not approve, we may process a partial transfer for less than you requested or we may decline the entire 
request. In addition, transfer requests that are incomplete, illegible or requested to cash, to yourself or to another account with us or one of our affiliates may 
not be processed. You should not transfer any amount that is in dispute in order to preserve your dispute rights. When you transfer a balance from another 
account, we send a payment in the amount of the balance transfer to the other financial institution. We have no control over, and are not responsible for, how 
and when the other financial institution applies the payment. You are responsible for verifying that the other financial institution applies the balance transfer 
payment in accordance with your other account’s terms. You should continue to monitor the other accounts that you requested us to send the proceeds of the 
balance transfer to, and you should continue to pay the minimum payments due on those accounts until you receive statements from those creditors 
showing that the balances due them have been paid in full. This might not happen until after the balance transfer appears on your billing statement 
from us. You are liable for any late payments, finance charges or disputed amounts on your other accounts. We do not send instructions to the other 
financial institution to close your other account. If you want the other account to be closed, you must do that yourself. Balance transfers are subject to 
applicable fees and finance charges and do not have the benefit of a grace period. If you take advantage of a balance transfer offer and continue to 
use the credit card to make purchases, you will lose the interest-free grace period on the new purchases unless you pay  the entire statement 
balance, including the amount subject to the promotional APR, by  the payment due date. 

OVERDRAFT  PROTECTION  LINKED  TO A  UNION BANK  CREDIT CARD 

Service is limited to covering one personal checking account linked to one personal Union Bank credit card, and both accounts must have a common owner. 

By enrolling in Overdraft Protection Linked to a Union Bank Credit Card, you authorize the Bank to make advances on your Unio n Bank Credit Card (subject 
to your available credit) in order to cover transactions (including transfers between checking, money market, and savings accounts) presented for payment 
against insufficient funds. We will not authorize transactions requiring real-time authorization (such as ATM withdrawals, ATM or Debit Card purchases, and 
cash withdrawals in a Union Bank branch) using this service. If you attempt a transaction requiring real-time authorization and there are insufficient available 
funds in the linked checking account, the transaction will be declined. Activation of the Overdraft Protection service may take up to 5 business days following 
the approval of a new credit card account; for customers with an existing open credit card account, it may take up to 5 business days from the initial request to 
enroll in the Overdraft Protection service. 

Each business day that we determine that your linked checking account is overdrawn by any amount, you authorize us to make an Overdraft Advance equal 
to a)  $50, or  b) the  next highest multiple of $50 that will equal or  exceed the linked checking account overdraft, as determined by us. For example, if we 
determine that your linked checking account is overdrawn by $125, you understand and agree that we may automatically make an Overdraft Advance of $150 
from your Union Bank Credit Card for deposit to your linked checking account. We will make advances only once each business day. 

Advances will only be processed if at least one transaction can be covered by the advanced amount. Any negative balance from a previous business day will 

Page 2 of 5 

not trigger an advance unless another eligible transaction is presented for payment and there is sufficient available credit on the credit card account to cover 
at least that additional transaction. If you do not have sufficient available credit on your credit card account to cover all transactions, your linked checking 
account may be subject to fees for any uncovered transactions. The total advance amount will appear on the linked checking account statement each day an 
advance is made. Only one checking account may be linked to one credit card account, and both accounts must have a common own er. If your linked checking 
account is changed to a closed status for any reason, Union Bank may terminate the Overdraft Protection Linked to a Union Bank Credit Card service without 
notice. 

Overdraft  Advances  will  be  added  to  your  Overdraft  Advance  Balance Category  on  your  credit  card  monthly  statement  and  be  charged  the 
Overdraft Advance Annual Percentage Rate. Your APR will be 15.49% to 25.49%, based on your creditworthiness. This APR will vary with  the market 
based on the Prime Rate. No  grace period will apply when calculating finance charges for Overdraft Advances. Note that the Bank Freely  Rewards 
Visa card does  not  charge an additional daily Overdraft Advance Fee. If your linked credit card account is changed to a closed status for any reason, 
Union Bank may terminate the Overdraft Protection Linked to a Union Bank Credit Card service without notice. You may cancel this service at any time. 

Some accounts may not be eligible for Overdraft Protection Linked to a Union Bank Credit Card. For more information, see the  Union Bank Personal Accounts 
& Services Disclosure and Agreement. 

OTHER  DISCLOSURES 

CALIFORNIA  RESIDENTS: A married applicant may apply for a separate account. Additionally, we may obtain information at any time from the California 
Department of Motor Vehicles. You agree to waive the address confidentiality requirements section of the California Vehicle Code (Section 1808.21). 

NEW  YORK  RESIDENTS  may contact the  New  York State Department of Financial Services by telephone at 1  -800-342-3736 or visit  its  website at 
www.dfs.ny.gov for free information on comparative credit card rates, fees and grace periods. 

OHIO RESIDENTS: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit 
reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law. 

WASHINGTON STATE RESIDENTS: Washington state law prohibits discrimination in credit transactions because of race, creed, color, national origin, sex, 
or marital status. The Washington State Human Rights Commission administers compliance with this law. 

NOTICE TO MARRIED WISCONSIN APPLICANTS:  No provision of any marital property agreement, unilateral statement or court decree adversely affects 
our interests and/or rights unless, prior to the time the credit is granted or an open-end credit plan is entered into, we are furnished with a copy of the agreement, 
statement, or decree, or have actual knowledge of the adverse provision. Married Wisconsin residents applying for credit separately must furnish name 
and address of their spouse to Union  Bank at P.O. Box 60398, Phoenix, AZ 85026. 

MILITARY LENDING ACT 

Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the 
cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must 
include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold in connection 
with  the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation 
fee charged (other than certain participation fees for a credit card account). 

Additionally, if any clause in your Cardmember Agreement with us conflicts with the federal law protections afforded to members of the Armed Force s, including 
any provision related to mandatory arbitration, federal law will prevail. 

If you would like to receive this Military Lending Act disclosure orally, please call 1 -877-925-8666. 

Page 3 of 5 

The following is a summary of certain key terms and conditions for the Union Bank Rewards Program for the Union Bank Bank Freely Rewards Visa Credit 
Card. You will receive complete Program terms and conditions with your account opening materials if your application is approved. 

REWARDS  PROGRAM  TERMS AND  CONDITIONS 

EARNING CASH BACK  REWARDS 

Purchases 

You earn cash back rewards when you (or your authorized user) make Purchases of products and services with your credit card, excluding disputed items and 
items that are subsequently subject to a refund or credit (such as returned merchandise) (collectively “Purchases”). 

Purchases do not include: 

a )  Annual fees, finance charges and other fees or charges posted by us to the account; 
b )  Cash advances (including but not limited to cash received over the amount of Purchases charged to the account, Purchases of money orders 

or other cash equivalents) or special check transactions; 

c )  Balance transfers; 
d )  Overdraft advances; 
e )  Charges for other products, services, or benefits that we provide (such as credit insurance premiums); or 
f)

Other transactions that we determine not to be eligible.

Cash back rewards are not earned until they appear on the account statement. Cash back rewards that have been awarded may be deducted if, after cash 
back rewards are awarded, Purchases are subsequently subject to a refund, credit or dispute. We reserve the right to retroactively correct errors made in point 
awards. Cash back rewards you earn during the billing cycle will be added to your rewards balance within 7 days after the end of the billing cycle. 

Introductory  Cash Back Rewards Bonus 

You will earn a $100 introductory cash back rewards bonus following your first $1,000 in Purchases made within 3 months of account opening. This 
$100 cash back rewards bonus will post to your reward balance within 8 weeks after the close of your third billing cycle. You are limited to one introductory 
cash back rewards bonus per card account. 

Cash Back Rewards 

You will earn 1.5% cash back rewards for each $1.00 spent on Purchases posted to your account. 

CASH BACK  REWARDS REDEMPTION 

You may redeem for the following: 

•
•
•

•

A statement credit to your card account;
A deposit into a non-Union Bank checking or savings account;
A deposit into a Union Bank checking or savings account. Cash back rewards redeemed into a Union Bank checking or savings account will
receive a 25% bonus;
A principal reduction payment to your Union Bank mortgage account. Cash back rewards redeemed as a principal reduction to a Union Bank
mortgage will receive a 50% bonus.

You must have a Union Bank checking account, savings account, or residential mortgage account in an open status with Union Bank to qualify for the last two 
cash back redemption methods referenced above. 

When you redeem cash back rewards for a statement credit to your card account, the statement credit is treated as an addition al payment on your account. 
You are still required to make your  regular monthly  account payments as indicated on your  monthly  statements. Statement credits will post to your 
card account within 5 business days. It may not appear on your monthly statement for 1 to 2 billing cycles. 

When you redeem cash back rewards into a Union Bank checking or savings account, the deposit will post to your checking or savings account within 5 
business days. 

When you redeem cash back rewards for a principal reduction payment to your Union Bank mortgage account, the payment will be applied as an extra principal 
payment and will not count toward your regular monthly payment. You are still required to make your regular mortgage account payments as indicated 
on  your monthly  mortgage statements. Principal reduction payments will post to your mortgage account within 5 business days. It may not appear on your 
mortgage account monthly statement for 1 to 2 billing cycles. 

When you redeem cash back rewards into a non-Union Bank checking or savings account, the deposit will post to your checking or savings account within 7 
to 10 business days. 

We may also provide additional redemption options from time to time. Redemption options are offered solely in our discretion, are not guaranteed, and are 
subject to any limits that we may impose. Redemption options may be withdrawn at any time without notice. 

The amount of cash back rewards redeemed  will be subtracted from your rewards balance. We may, in our discretion, set a minimum or a maximum number 
of cash back rewards that you may redeem in a single transaction. We may adjust this amount from time to time. We also may require that redemptions occur 
in round increments that we will set in our discretion from time to time. All redemption transactions are final. 

CASH BACK  REWARDS EXPIRATION 

Cash back rewards do not expire for the life of the account. However, if your account is closed by you or by us, you will lose any cash back rewards you have 
not redeemed. 

PROGRAM CHANGES 

We reserve the right to change these Program terms and conditions with or without prior notice (except where required by law). Cash back rewards redemption 
amounts may change at any time. 

Page 4 of 5 

DISQUALIFICATION/TERMINATION 

If the account does not remain in good standing, you will not earn future cash back rewards, cannot redeem cash b ack rewards, and you will forfeit any 
accumulated cash back rewards previously earned. An account is in good standing when no event has occurred that allows us to require immediate payment 
of your entire balance under the Agreement, including, without limitation, failing to make the minimum payment when due, having a payment to us denied, 
providing us false or misleading information, or other reasons described in the Rewards Program Terms and Conditions. 

We reserve the right to disqualify or remove any person or account from participation in the Program, refuse to award or redeem cash back rewards, or close 
your account at any time, for any reason including, but not limited to, your account being inactive (as such term is defined by us from time  to time).  If such a 
disqualification occurs, it may result in the forfeiture of any accumulated Cashback Rewards. Closing your account (by you or by us) will result in the termination 
of your enrollment in the Program, and any accumulated cash back rewards will be forfeited. 

Cards are issued and serviced by Union Bank Card Services, a division of MUFG Union Bank, N.A. 

©2022 MUFG Union Bank, N.A. All rights reserved. Member FDIC. 
Union Bank is a registered trademark and brand name of MUFG Union Bank, N.A. unionbank.com 

Union Bank Bank Freely Rewards Visa Card (CBF/CEC15ALL) - Web 07/22 

Page 5 of 5