satisfy you and you write us within ten days telling us that you 
still refuse to pay, we must tell anyone we report you to that 
you have a question about your bill. And, we must tell you the 
name of anyone we reported you to. We must tell anyone we 
report you to that the matter has been settled between us when 
it finally is.
If we do not follow these rules, we can’t collect the first $50.00 
of the questioned amount, even if your bill is correct.
Special Rule for Credit Card Purchases
If you have a problem with the quality of property or services 

that you purchased with a 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 
property or services. There are two limitations to this right:
(a) You must have made the purchase in your home state or,
if not, within 100 miles of your current mailing address; and (b)
The purchase price must have been more than $50.00.
These limitations do not apply if we own or operate the merchant,
or we mailed you the advertisement for the property or services.

Interest Rates and Interest Charges

Annual Percentage Rate 

(APR) for purchases 12.99% to 20.99% – Business Rewards Plus based on your

creditworthiness when you open an account. This APR will vary with the market based on the 
Prime Rate
9.90% APR – Business MasterCard
APR for balance transfers 1.9% introductory APR for 15 months – Business Rewards Plus. After that, your APR will be 

12.99% to 20.99% based on your creditworthiness. This APR will vary with the market based on 
the Prime Rate
9.90% APR – Business MasterCard

APR for cash advances 12.99% to 20.99% – Business Rewards Plus. Based on your creditworthiness when you open 
anaccount. This APR will vary with the market based on the Prime Rate
9.90% APR – Business MasterCard
Your due date is at least 25-days after 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.

How to Avoid Paying 
Interest on Purchases

Minimum Interest Charge None

For Credit Card Tips from 
the Consumer Financial 
Protection Bureau

Fees

To learn more about factors 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

Annual Fee None
Application Fee None

Transaction Fees:

Cash Advance

ATM Transactions

Foreign Transactions

Either $10 or 2% of the amount of the advance, whichever is greater (maximum fee $500) –
Business Rewards Plus
2% of the amount advanced – Business MasterCard
Either $10 or 2% of the amount of the advance, whichever is greater (maximum fee $500) –
Business Rewards Plus
2% of the amount advanced – Business MasterCard
Up to 1% of each transaction in U.S. Dollars

Other Fees:

Other Fees:

Replacement/Additional 
Cards Check/Draft Copy 
Statement Copy

$7.00
$3.00
$1.00

Card Center Phone Payment $5.00
Additional Report $5.00
More than 5 cards per account $5.00 each

Penalty Fees:

Late Payment
Returned Payment

$18.50
$5.00

Rewards

Business Rewards Plus
3% back on purchases (up to $150 annually)  
on Gas and Restaurants

Business MasterCard
 1% back on purchases

One time bonus of 15,000 points (valued at $150), if you  
            spend $5,000 or more in the first 90 days after card approval.

1% back on non-gas and restaurant purchases

How we will calculate your balance: We will use a method called “average daily balance (including new purchases”). See your 
account agreement for more details.
Billing rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account 
agreement.
The information about the costs of the card described in this application is accurate as of 04/01/2016. This information may 
have changed after that date. To find out what may have changed, call 574.534.2506 or visit interracu.com, or write Interra 
Credit Union, PO Box 727, Goshen, IN 46527. 
08/18

Business Rewards Plus Credit Card
Agreement & Disclosure

M-125943

PO Box 727 • Goshen, IN 46527

NOTICE: SEE REVERSE SIDE FOR IMPORTANT INFORMATION REGARDING YOUR RIGHTS TO DISPUTE BILLING ERRORS

In this Agreement the words “you” and “your” mean each and all of those persons who sign this Agreement, and in addition to 
them, all other persons who, with the authority of the company borrower hereunder, use the card. “Card” means the MasterCard 
credit card and any duplicates, substitutions, and renewals issued by the Credit Union. Everyone who receives, signs or uses 
a card issued under this agreement shall be liable for all amounts owing hereunder. “Account” means your MasterCard credit 
account or credit account with the Credit Union. “Credit Union” means the Credit Union whose name appears on this Agreement 
or anyone to whom the Credit Union transfers this Agreement. “We,” “Us,” and “Ours” means this Credit Union.
This Agreement is being entered into between the Credit Union and the corporation, company, partnership, proprietorship or 
other organization or entity (“Company”) for the purpose of providing credit card services to the Company. This is not a consumer 
transaction, but the credit provided herein is for business purposes only. The Company’s authorized guarantor(s) and signatures 
are on the application. Company’s retention of credit cards and/or the use of the Account in any way means the Company agrees 
to all the terms on this agreement.

1. Responsibility. If we issue you a Card, you agree to repay all
debts and the FINANCE CHARGE arising from the use of this
Card and the Card account. The Company and all guarantors
shall be responsible for charges made by anyone else to
whom any Card is given to, and this responsibility continues
until the Card is recovered or the account is closed. Neither
the Company nor the guarantors may disclaim responsibility
by notification to the Credit Union, but the account may be
closed for new transactions if requested and upon return of all
cards. Any person using the Card is jointly responsible with the
Company and all guarantors for charges that he/she makes,
if that person signs the card, he/she becomes a party to this
Agreement. Any such person shall also be jointly responsible for
all charges on the account, including all those of the Company
and guarantors. Your obligation to pay the account balance
continues even though an agreement, court judgement or
change in the Company to which we are not a party, may direct
you or one of the other persons responsible to pay the account.
The Credit Union reserves the right to change the periodic
rate(s) or otherwise amend this Agreement in accordance with
fee schedules adopted by the Credit Union from time to time.
2. Lost Card Notification. If you believe the Card has been
lost or stolen, you must immediately call the Credit Card Center 
at 800-449-7728.
3. Your Responsibility and Liability for Unauthorized Use.
You will have no liability for unauthorized purchases made with
your Credit Card. You may be liable for unauthorized use for
cash advances at ATMs (Automatic Teller Machines) where
as your liability shall not exceed the lessor of $50.00 or the
amount of the unauthorized use. If your Card is lost, stolen
or if you are afraid someone used or may use your Card with
out your permission, you must notify the Credit Card Center
800-449-7728. 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 uses. 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.
4. Credit Line. If we approve your application, we will establish
a self replenishing Line of Credit for you and notify you of
its amount when we issue the Card. You agree not to let the
account balance exceed this approved Credit Line. If such
credit limit is exceeded, the entire balance of your account
or the amount over the credit limit may, at the Credit Union’s
option, become immediately due and payable on demand.
Each payment you make on the account will restore your Credit
Line by the amount of the payment which is applied to the
principal. You may request an increase in your Credit Line only
by written application to us, which must be approved by our
credit committee or loan officer. We may reduce your Credit
Line from time to time, or with good cause, revoke your card
and terminate this Agreement. Good cause includes, but is not
limited to, your failure to comply with this Agreement, or our
adverse reevaluation of your creditworthiness. You may also

terminate this Agreement at any time by providing us written 
notice, but termination by either of us does not affect your 
obligation to pay the account balance. The Card remains our 
property and you must recover and surrender to us all Cards 
upon our request and upon termination of this Agreement.
5. Credit Information. You authorize us to investigate
your credit standing when opening, renewing or reviewing
your account, and you authorize us to disclose information
regarding your account to credit bureaus and other creditors
who inquire of us about your credit standing. The Company
and all guarantors agree, upon request by the Credit Union, to
provide updated financial information, in the form of financial
statements, balance sheets, profit and loss, and other similar
financial information which may from time to time be requested.
6. Monthly Payment. We will mail or electronically send you
a statement in any month in which the Card has a debit or
credit balance in excess of $1.00. Every month you must pay at
least the Minimum Payment within 25 days of your statement
closing date. You may, of course, pay more frequently, pay
more than the Minimum Payment, or pay the Total New Balance
in full, and you will reduce the FINANCE CHARGE by doing
so. The Minimum Payment will be either (a) 6% of your Total
New Balance, or $25.00, whichever is greater, or (b) your Total
New Balance if it is less than $25.00 plus (C) any portion of
the Minimum Payment(s) shown on prior statement(s) which
remains unpaid. In addition, at any time your Total New Balance
exceeds your Credit Line, you must immediately pay the excess
upon demand. We will apply your minimum payments first to
any fees; then to any credit insurance charges; then to any
FINANCE CHARGES; then to previously billed cash advances;
then to previously billed purchases; then to new cash advances;
and then to new purchases. Payment amounts over or above
the required minimum monthly payment, will be applied to the
balances with the highest annual percentage rate.
7. Variable Annual Percentage Rate (APR). Variable (APR)
may change when the Prime Rate changes. The interest rate
margin is between 5.65% and 16.65%; the margin is added to
the Prime Rate to determine the APR. As of October 1, 2015 the
APR for Purchase transactions was between 8.9% and 19.90%.
The daily periodic rate is determined by taking the APR and
dividing it by 365. The interest rate margin is determined based
on most recent credit information; subject to be reassessed
every 6 months.
8. Finance Charges. There is no FINANCE CHARGE on
purchases if the New Balance is paid in full by the due date 
on the statement on which these purchases first appear. If 
not so paid, the New Balance of Purchases, and subsequent 
purchases from the date they are posted to your account, will 
be subject to FINANCE CHARGE. Cash advances are always 
subject to FINANCE CHARGE from the date they are posted 
to your account. The principal balances of purchases and cash 
advances are determined each day during the statement period, 
beginning with the principal portion of your Previous Balances, 
reduced by payments you make and credits we apply, and 
increased by purchases and cash advances you make and 
debit adjustments we make during the statement period. The 

daily principal balances are totaled, and divided by the number 
of days in the statement period, to produce separate average 
daily principal balances for purchases and cash advances to 
which the periodic rate is then applied.
9. Default. You will be in default if: (a) you fail to pay the 
Minimum Payment 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 either the 
employment of the guarantors or the financial condition of the 
Company, by an increase in your obligations, by bankruptcy 
or insolvency proceedings involving you, by your death; (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 
Cards 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. In 
the event of your default, your account balance and interest 
accrued shall be immediately due and payable without notice 
or demand. We shall be entitled to pursue all remedies under 
Indiana law and you agree that the venue of any lawsuit arising 
out of this Agreement shall be any of the Superior Courts of 
Elkhart County, Indiana. In the event of your default, you shall 
also be liable for our costs of collection and attorney fees. In 
the event of your default, we shall be entitled to the immediate 
possession of the Card without notice or demand. You agree 
that the law of the state of Indiana shall apply to this Agreement 
and any legal proceedings brought to enforce any term or 
provision of this Agreement.
10. Using the Card. To make a purchase or cash advance, 
there are two alternative procedures to be followed. One is 
for you to present the Card to a participating MasterCard 
plan merchant, to us or another financial institution, and, if 
required, sign a sale or cash advance draft; or you may also 
make purchases or cash advances by telephone, mail, or other 
electronic devices. You authorize us to honor any purchase or 
cash advance you make by telephone, mail, or other electronic 
devices on this account. You agree that a signature is not 
necessary as identification in such cases. The other is to 
complete the transaction by using your personal identification 
number (PIN) in conjunction with the Card in an automated teller 
machine or other type of electronic terminal that provides access 
to the MasterCard system. The personal identification number 
must be protected by you and will not be carried with your 
MasterCard card at any time. The monthly statement will identify 
the merchant, electronic terminal or financial institution at which 
transactions were made, but sales, cash advance, credit or 
other slips cannot be returned with the statement. You will retain 
the copy of such slips furnished at the time of the transaction 
in order to verify the monthly statement. The Credit Union may 
make a reasonable charge for photocopies of slips you request.
11. Returns and Adjustments. Merchants and others who 
honor the Card may give credit for returns or adjustments, and 
they will do so by sending us a credit slip which we will post to 
your account. If your credits and payments exceed what you 
owe us, we will hold and apply this credit balance against future 
purchases and cash advances, or if it is $1.00 or more, refund it 
on your written request or automatically after 6 months.
12. Foreign 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 which 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 will be shown separately on your periodic 
billing statement. The Currency Conversion Fee, if it applies 
to the transaction, will be included in the transaction amount 
posted on your statement.
13. Credit Union’s Liability. We are not responsible for the 
refusal of any plan merchant or financial institution to honor 
your Card, you agree to settle all disputes arising from purchase 
directly with the merchant who honored the Card, and except 
as provided by the Fair Credit Billing Act to pay the Credit Union 
all amounts shown on the statement in spite of such disputes. 
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.
14. Security Interest. You hereby grant to us a security 
interest in the goods purchased by the card which shall serve 
as collateral security for the performance by you of your 
obligations under this Agreement, including your obligation to 
make any Minimum Payment by the due date. In the event of 
your default as described in paragraph #8 above, we shall be 
entitled to all the remedies of a secured party under Indiana 
law, including the right to take possession of the collateral 
security. You agree that we are authorized to file whatever 
documents are necessary to perfect our security interest, 
including without limitation financing statements.
15. Effect of Agreement. This Agreement is the contract which 
applies to all transactions on your account even though the 
sales, cash advance, credit or other slips you sign or receive may 
contain different terms. We may amend this Agreement from time 
to time by sending you the advance written notice required by 
law. If you do not want to accept the changes or amendments, 
you can choose not to accept the changes in the notice by 
cancelling your credit card account. To cancel your credit card 
account you must do so by a written letter advising us that you do 
not want to accept the changes. Send the letter to: Interra Credit 
Union, P.O. Box 727, Goshen, IN 46527. If you choose not to 
accept any changes or amendments: You will still be responsible 
for any outstanding balances on your credit card account; Your 
credit card account will no longer be available for any use or 
activity; Any reward points you have earned will be forfeited.
16. Annual Fee. None.
17. Other Fees.

•  Late payment fee of $18.50 if the minimum payment due is 

not paid in full within 10 days after the due date.

•  Cash advance fee shall be a 2% charge of the amount 

advanced up to $500.00 minimum of $10.00.

•  ATM withdrawals are subject to a 2% charge of the 

withdrawal amount up to $500.00 minimum of $10.00.

•  Check/draft copy fee - $3.00
•  Statement copy fee - $1.00
•  Replacement card fee - $5.00
•  Card center phone payment fee $5.00.
•  Returned payment or Insufficient funds fee - We will 

charge your account a $5.00 fee if your payment by any 
method, including check, electronic transfer, home banking 
transaction or otherwise, is not honored, collected by us, or 
if we must return it to you because if cannot be processed 
for any reason.

•  More than five cards per account - $5.00 each
•  Additional report fee - $5.00

18. Moving. The Credit Union may revoke your card and 
terminate this Agreement if you relocate to another state. We 
can revoke your Card if you move to a state where the Credit 

Union must be registered.
19. Change of Address. You shall notify the Credit Union if 
there is an address change. If we were not notified you could 
be liable for any unauthorized use. You also understand that 
the Credit Union cannot be responsible for timelessness of any 
mail system.
20. Non-Use. The Credit Union may revoke your Card and 
terminate this Agreement if there has been no activity on the 
account for at least 36 consecutive months.
21. No Waiver. The Credit Union can delay enforcing any of its 
rights any number of times without losing them.
22. Using the Account. You understand that any of you 
individually may increase the credit line (provided you qualify 
and the Credit Union approves the increase), reduce the credit 
line, or terminate the Agreement as to future loans by notifying 
the Credit Union in writing. Increases in the credit line shall 
take effect upon approval by the Credit Union. Reductions in 
the credit line and terminations of the Agreement as to future 
loans shall take effect on the next business day after the written 
notice is delivered by any of you to the loan department at the 
Credit Union. Termination of the Agreement shall not affect 
the rights of the Credit Union or the obligations of the Member 
and any joint owners with respect to obligations in existence 
at the time of termination. Each of the under signed applicants 
certifies under the pains and penalties of perjury that he/she 
is at least eighteen (18) years of age, has read the foregoing 
Agreement, and jointly and severally agrees to abide by the 
foregoing terms and provisions.
23. 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. 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) under 
applicable law, including but not limited to any transaction 
involving or relating to any gambling activity. Certain federal 
and/or state laws such as the Unlawful Internet Gambling 
Enforcement Act or Third Party Service Providers’ Rules may 
limit or prohibit certain transactions such as (but not limited 
to) those coded as possible gambling transactions. Such 
prohibition or limitations may affect some otherwise proper 
or allowable transactions such as debits, charges or other 
transactions at or relating to a hotel-casino. You understand 
and agree such limitations are not within the Credit Union’s 
control and that the Credit Union will not have any liability. 
You agree that the Credit Union will not have any liability, 
responsibility or culpability whatsoever for any such use by you; 
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 such illegal use.
24. Delay in Enforcement/Waivers. The Credit Union 
may delay or waive enforcement of any of the provisions of 
this agreement, including any agreements to make timely 
payments, without losing its 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.
25. Governing Law/Severability. This Agreement shall be 
governed by and construed in accordance with the laws of 
Indiana. In the event any one or more of the provisions of this 
Agreement will for any reason is held to be invalid, illegal or 
unenforceable, the remaining provisions will remain valid and 
enforceable.
26. Electronic Communications. You agree that we have 
no obligation, liability or responsibility to respond, act upon, 
or follow any instruction to us that is received electronically, 
by e-mail or otherwise, unless we are able to authenticate the 
communication to our satisfaction. You further acknowledge 
and agree that the Internet is inherently insecure; and agree 
that we have no liability for any loss, claim or damage that 
arises or in anyway relates to our response(s) to any e-mail 

or other electronic communication which we believe you have 
submitted to us.
27. Cash Advances. The Credit Union will charge a cash 
advance fee when you access the cash credit line on your 
credit card account through an ATM, convenience check or at 
a bank’s teller window. The fee charged will be a percentage of 
the amount withdrawn or advances. Finance charges typically 
accrue from the date of the advance, without the grace period 
normally present with purchases.
28. ATM Transactions. Withdrawals at ATM machines may 
be made using your Credit Card and personal identification 
number. Cash withdrawals may not exceed $300.00 per 
transaction and $500.00 per calendar day. Except as otherwise 
provided in this Agreement, advances through ATM access will 
be treated as a Cash Advance under this Agreement. Owners 
of ATM’s that we do not own may charge fees in addition to any 
fees described in this Agreement. This is not a fee charged by 
your Credit Union; however, any such fee will be added to your 
card account. The party charging the fee is required to provide 
appropriate disclosures to you with regard to any such fees.
29. Rewards, Incentives, Promotions. The Credit Union 
reserves the right to terminate the programs or portions thereof 
at any time without restriction or penalty. This means that 
regardless of your level of activity in the program, the ability 
to accumulate points or claim rewards can be terminated with 
or without prior notice. The redemption value of points already 
accumulated, may be changed at any time without notice and 
without restriction or penalty. The Credit Union also reserves 
the right to cancel any cardholders prior earned points, 
rewards, cash/merchandise back or any other item of value if 
you are in default as stated in paragraph eight (8). Awards are 
not available when a cardholder is in default under the credit 
card agreement. Any points or awards are earned only with 
purchases, cash advance transactions are not eligible towards 
earning points or any award/reward.
YOUR BILLING RIGHTS
This notice contains important information about your rights and 
our responsibilities under the Fair Credit Billing Act.
Notify Us In Case of Errors or Questions About Your Bill
If you think your bill is wrong, or if you need more information 
about a transaction on your bill, write us on a separate sheet at 
the address listed on your bill. Write to us as soon as possible. 
We must hear from you no later than 60 days after we sent you 
the first bill on which the error or problem appeared. You can 
telephone us, but doing so will not preserve your rights.
In your letter, give us the following information:

•  Your name and account number.
•  The dollar amount of the suspected error.
•  Describe the error and explain, if you can, why you believe 
there is an error. If you need more information, describe the 
item you are not sure about.

If you have authorized us to pay your credit card bill 
automatically from your savings or checking account, you can 
stop the payment on any amount you think is wrong. To stop 
the payment, your letter must reach us three business days 
before the automatic payment is scheduled to occur.
Your Rights and Our Responsibilities After We Receive 
Your Written Notice
We must acknowledge your letter within 30 days, unless we 
have corrected the error by then. Within 90 days, we must either 
correct the error or explain why we believe the bill was correct.
After we receive your letter, we cannot try to collect any amount 
you question, or report that amount as delinquent. We can 
continue to bill you for the amount you question, including 
finance charges, and we can apply any unpaid amount against 
your credit limit. You do not have to pay any questioned amount 
while we are investigating, but you are still obligated to pay the 
parts of your bill that are not in question.
If we find that we made an error on your bill, you will not have 
to pay any finance charges related to any questioned amount. 
If we did not make an error, you may have to pay finance 
charges, and you will have to make up any missed payments 
on the questioned amount. In either case, we will send you a 
statement, the amount you owe and the date that it is due.
If you fail to pay the amount that we think you owe, we may 
report you as delinquent. However, if our explanation does not