generAL	eLeCTrIC	CreDIT	unIOn	DIVIDenD	PLuS	gOLD	VISA®	CArD	TerMS	AnD	COnDITIOnS

	In	these	Terms	and	Conditions,	the	word	Card	means	a	single	Dividend	Plus	Gold	card	or	two	or	more	Dividend	Plus	Gold	cards	and	any	renewal	or	any	substitutes	
used	for	the	Card.	The	words	You,	Your,	and	Yours	mean	the	applicant(s)	and	anyone	else	the	applicant(s)	permits	to	use	the	Card.	The	words	We,	Us,	and	Ours	
mean	General	Electric	Credit	Union.

1.	 Dividend	Features.	You	will	receive	a	10%	rebate	on	all	finance	charges	paid	to	us,	as	well	as	a	1%	dividend	on	all	net	purchases	made	using	the	Card.	We	
will	also	give	you	a	balance	transfer	incentive	for	credit	card	balances	transferred	to	us	from	other	institutions.	The	incentives	for	the	balance	transfer	are	as	
follows:	$750-$1,999	=	$25.00;	$2,000	and	higher	=	$50.00.	Any	rebate	of	finance	charges	or	dividends	earned	will	be	credited	to	your	share	account	at	the	end	
of	the	quarter	in	which	they	were	earned.	The	balance	transfer	incentive	is	a	one	time	per	member	incentive,	and	will	be	paid	at	the	end	of	the	quarter	following	
the	quarter	in	which	the	transfer	took	place.	These	Dividend	Features	are	subject	to	change	or	termination	at	any	time.	Dividend	features	will	not	be	honored	
in	any	quarter	in	which	you	incur	a	default	on	your	Dividend	Plus	Gold	Card	account	or	in	any	quarter	in	which	you	violate	any	account	agreement	with	us.
2.	 Transactions.	You	can	use	your	Card	or	Dividend	Checks,	if	provided,	to	buy	or	lease	goods	or	services	(“Purchases”)	wherever	the	Card	is	honored	and	to	
get	instant	cash	loans	and	make	other	cash	transactions	(“Cash	Advances”)	from	any	financial	institution	or	automatic	teller	machine	(card	only)	that	accepts	
the	Card.	You	will	owe	us	for	all	Purchases	and	Cash	Advances	charged	by	use	of	the	Card	or	Dividend	Checks,	if	provided,	plus	any	other	charges	to	your	
Account	made	under	the	terms	of	this	Agreement	(“Debits”),	plus	any	FINANCE	CHARGES,	all	payable	in	U.S.	dollars	and	as	required	by	these	Terms	and	
Conditions.

3.	 Credit	Line.	Your	Credit	Line	is	listed	on	the	documents	accompanying	your	Card.	Your	Credit	Line	may	be	changed	and	your	latest	Credit	Line	will	be	listed	

on	your	monthly	billing	statement.	

4.	 Statements	and	Payments.	If	you	have	a	balance	on	your	Account,	we	will	send	you	a	monthly	statement	that	will	show	separately	your	Purchases/Debits,	
any	Cash	Advances,	FINANCE	CHARGES,	if	any,	the	minimum	payment	due,	and	the	date	the	payment	is	due.	You	can	pay	all	of	your	outstanding	balance	
on	your	Card	at	any	time,	but	you	must	make	at	least	a	minimum	payment	of	3%	of	your	Card	balance	or	$25.00	(whichever	is	greater)	within	25	days	from	
the	date	of	each	monthly	statement.	You	will	be	charged	a	late	charge	of	$25.00	or	the	minimum	payment	amount	(whichever	is	lesser)	on	your	next	monthly	
statement	if	a	minimum	payment	is	not	made	within	55	days	after	the	date	of	a	monthly	statement.

5.	 AnnuAL	 PerCenTAge	 rATe	 for	 Purchases,	 Balance	 Transfers,	 and	 Cash	Advances.	 The	ANNUAL	 PERCENTAGE	 RATE	 may	 vary	 (increase	 or	
decrease)	on	a	quarterly	basis.	The	rate	is	determined	by	adding	5.75%	to	the	Prime	Rate	as	published	in	The Wall Street Journal	effective	for	the	first	day	
of	January,	April,	July,	and	October	of	every	year.	The	new	rate	shall	be	effective	beginning	with	the	FINANCE	CHARGE	calculation	on	the	following	month’s	
statement.	The	monthly	periodic	rate	will	be	determined	by	dividing	the	ANNUAL	PERCENTAGE	RATE	by	twelve.	Your	initial	ANNUAL	PERCENTAGE	RATE	
and	corresponding	monthly	periodic	rate	is	located	within	the	“Interest	Rate	and	Interest	Charges”	box	of	these	Terms	and	Conditions.	An	increase	in	the	variable	
ANNUAL	PERCENTAGE	RATE	means	you	will	pay	a	higher	FINANCE	CHARGE	and	perhaps	a	higher	minimum	payment.

6.	 FInAnCe	CHArgeS	on	Purchases/Debits.	No	FINANCE	CHARGE	will	be	imposed	if	the	New	Balance	shown	on	your	billing	statement	is	paid	in	full	within	
25	days	of	the	Billing	Date.	If	not	paid	in	full,	we	figure	the	FINANCE	CHARGE	on	your	account	by	applying	the	monthly	periodic	rate	to	the	“average	daily	
balance”	of	the	unpaid	balance	of	your	account	(including	current	transactions).	

7.	 FInAnCe	CHArgeS	on	Cash	Advances.	The	FINANCE	CHARGE	on	Cash	Advances	begins	to	accrue	on	the	date	you	obtain	the	Cash	Advance	or	the	
first	day	of	the	billing	cycle	in	which	it	is	posted	to	your	account,	whichever	is	later.	We	figure	the	FINANCE	CHARGE	on	your	account	by	applying	the	monthly	
periodic	rate	to	the	“average	daily	balance”	of	your	account	(including	current	transactions).

8.	 Average	Daily	Balance.	The	“average	daily	balance”	is	determined	by	dividing	the	sum	of	the	daily	balances	during	the	billing	cycle	by	the	number	of	days	
in	the	cycle.	Each	daily	balance	of	Credit	Purchases	(and,	if	applicable,	Cash	Advances)	is	determined	by	subtracting	from	the	Previous	Balance	of	Credit	
Purchases	(and,	if	applicable,	Cash	Advances)	any	payments	received	and	credits	as	posted	to	your	account,	but	excluding	any	unpaid	FINANCE	CHARGES.	
All	fees	except	for	the	late	charge	shall	be	treated	as	purchases	for	the	purpose	of	computing	the	Average	Daily	Balance.

9.	 returned	Check	and	Other	Fees.	If	your	check	is	dishonored	or	if	we	must	return	your	check	to	you	for	any	reason,	we	will	charge	your	Purchases/Debits	
Account	a	fee	of	$25.00.	Account	printouts	$1.00.	Current	and	previous	year	statement	copy	fee	$2.00.	Older	statement	copy	fee	$3.00.	Overnight	fee	$35.00.
10.	 Default.	You	will	be	in	default	under	this	Agreement	if	any	of	the	following	events	shall	occur:	(a)	If	you	fail	to	comply	with	the	minimum	payment	or	any	other	terms	
or	conditions	of	this	Agreement	or	any	other	obligation	you	have	or	will	have	with	us;	(b)	If	you	make	false	or	misleading	statements	in	any	credit	application	or	
update	of	credit	information;	(c)	If	you	should	die	or	become	insolvent;	(d)	If	a	petition	should	be	filed	or	other	proceedings	should	be	started	under	the	Federal	
Bankruptcy	Code	or	any	State	insolvency	statute	by	or	against	you;	(e)	If	a	Receiver	should	be	appointed	or	a	writ	or	order	of	attachment,	levy	or	garnishment	
should	be	issued	against	you	or	any	of	your	property,	assets	or	income;	or	(f)	If	we	should	consider	yourself	or	any	debts	due	under	this	Agreement	unsafe	or	
not	completely	secure	of	if	we	should	believe,	in	good	faith,	that	the	chances	of	your	paying	or	performing	all	of	your	obligations	under	this	Agreement	have	
been	impaired.	If	you	fail	to	fulfill	the	terms	of	this	Agreement,	a	negative	report	reflecting	on	your	credit	record	may	be	submitted	to	a	credit	reporting	agency.	
We	may	ask	for	immediate	payment	of	any	amount	owed	if	you	are	in	default	of	any	of	the	Terms	and	Conditions	of	this	agreement.

11.	 Lost	or	Stolen	Cards.	If	your	Card	is	lost	or	stolen	or	if	you	are	afraid	someone	may	use	it	without	your	permission,	you	must	notify	us	at	once	by	telephone	
at:	800.449.7728.	You	may	not	use	the	Card	or	any	other	Cards	in	your	possession	with	the	same	card	number	after	you	have	notified	us,	even	if	you	get	the	
Card	back.

12.	 Cancellation.	You	may	cancel	your	account	at	any	time	by	notifying	us	in	writing	and	returning	the	card	cut	in	half.	We	may	cancel	or	suspend	your	Card	at	
any	time	without	prior	notice	or	reissue	a	different	one	at	any	time.	If	we	ask,	you	will	destroy	the	Card	by	cutting	it	in	half	and	will	give	it	to	us	or	our	agent,	or	
mail	it	to	us.	If	the	Card	is	cancelled	or	suspended,	you	will	pay	us	the	amount	you	owe	as	required	by	these	Terms	and	Conditions.	

13.	 Liability.	Each	of	the	applicant(s)	for	the	Card	and	cosigner(s)	will	be	liable	individually	and	jointly	for	all	Purchases/Debits	and	Cash	Advances	made	with	the	

Card,	either	by	the	Card	applicant(s)	or	their	authorized	user(s).

14.	 Liability	for	unauthorized	use.	You	agree	to	promptly	notify	the	Cardholder	Services,	telephone	number:	800.654.7728	in	the	event	you	suspect	any	unauthorized	
use	of	the	card.	You	may	be	liable	for	the	unauthorized	use	of	your	Dividend	Plus	Gold	Credit	Card.	You	will	not	be	liable	for	unauthorized	use	that	occurs	after	
you	notify	General	Electric	Credit	Union	at	PO	Box	31112,	Tampa,	FL	33631-3112,	orally	or	in	writing,	of	the	loss,	theft,	or	possible	unauthorized	use.	In	any	
case,	your	liability	will	not	exceed	$0.00.

15.	 Irregular	Payments.	We	can	accept	late	payments	or	partial	payments,	or	checks	and	money	orders	marked	with	“Payment	in	Full”	or	similar	language	without	

losing	any	of	our	rights	under	this	Agreement.

16.	 Waiver.	We	won’t	be	considered	to	have	waived	our	rights	under	this	agreement	if	we	delay	or	neglect	to	enforce	them.
17.	 Amendment.	Subject	to	applicable	state	and	federal	laws	and	regulations	and	with	such	prior	notice,	if	any,	as	may	be	required	by	laws	or	regulations,	we	may	

change	any	Terms	and	Conditions	at	any	time	and	such	changes,	at	our	option,	will	apply	to	new	Purchases/Debits	and	Cash	Advances.

18.	 Law.	Your	Account	and	these	Terms	and	Conditions	will	be	governed	by	the	laws	of	the	State	of	Ohio	and	applicable	federal	laws.
19.	 Security	Interest.	You	grant	to	us	a	purchase	money	security	interest	under	the	Uniform	Commercial	Code	in	any	goods	you	purchase	through	the	use	of	the	

Over

account.	If	you	default,	we	shall	have	the	right	to	recover	any	of	the	goods	which	have	not	been	paid	for	through	the	application	of	your	payments.	Any	collateral	
securing	other	loans	currently	with	or	hereafter	arising	with	us	may	also	secure	any	amount	due	on	this	account.

20.	 Statutory	lien	on	your	account.	If	you	are	in	default	on	a	financial	obligation	to	us	or	fail	to	satisfy	a	financial	obligation	to	us,	federal	law	permits	us	to	apply	
the	balance	of	shares	and	dividends	in	your	account(s)	at	the	time	of	default	to	satisfy	your	obligation.	Once	you	are	in	default,	we	may	exercise	this	right	
without	further	notice	to	you.	If	your	account	is	jointly	owned,	and	the	joint	owner(s)	is	indebted	to	us,	we	may	use	the	balance	of	shares	and	dividends	in	the	
account	to	pay	the	debt	of	the	joint	owner.	This	statutory	lien	does	not	apply	to	IRAs	or	other	tax-deferred	retirement	accounts.

21.	 Legal	Activity.	Any	financial	service	provided	by	the	Credit	Union	may	be	used	for	any	transaction	permitted	by	law.	You	agree	that	illegal	use	of	any	financial	
service	will	be	deemed	an	action	of	default	and/or	breach	of	contract	and	such	service	and/or	other	related	services	may	be	terminated	at	the	Credit	Union’s	
discretion.	You	further	agree,	should	illegal	use	occur,	to	waive	the	right	to	sue	the	Credit	Union	for	such	illegal	activity	directly	or	indirectly	related	to	it.	You	
also	agree	to	indemnify	and	hold	the	Credit	Union	harmless	from	any	suits	or	other	legal	action	or	liability,	directly	or	indirectly,	resulting	from	such	illegal	use.

22.	 Annual	Fee.	None.
23.	 Currency	exchange	rate.	Purchase	and	cash	advances	made	in	foreign	countries	and	foreign	currencies	will	be	billed	to	you	in	U.S.	dollars.	The	conversion	
rate	to	U.S.	dollars	will	be	determined	in	accordance	with	the	operating	regulations	established	by	Visa	USA.	Currently	the	currency	conversion	rate	used	to	
determine	the	transaction	amount	in	U.S.	dollars	is	either	a	government	mandated	rate	or	the	wholesale	market	rate	in	effect	one	day	prior	to	the	transaction	
processing	date,	increased	by	one	percent.	The	currency	conversion	rate	used	on	the	processing	date	may	differ	from	the	rate	that	would	have	been	used	on	
the	purchase	date	or	cardholder	statement	posting	date.

Your	Billing	rights-Keep	This	notice	for	Future	use		
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:
1.	 Your	name	and	account	number
2.	 The	dollar	amount	of	the	suspected	error
3.	 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	you	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	a	mistake	on	your	bill,	you	will	not	
have	to	pay	finance	charges	related	to	any	questioned	amount.	If	we	didn’t	make	a	mistake,	you	may	have	to	pay	finances	charges,	and	you	will	have	to	make	up	
any	missed	payments	on	the	questioned	amount.	In	either	case,	we	will	send	you	a	statement	of	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	satisfy	you	and	you	write	to	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	don’t	follow	these	rules,	we	can’t	collect	the	first	
$50	of	the	questioned	amount,	even	if	your	bill	was	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	on	this	right:

(a)		 You	must	have	made	the	purchase	in	your	home	state	or,	if	not	within	your	home	state	within	100	miles	of	your	current	mailing	address;	and
(b)		 The	purchase	price	must	have	been	more	than	$50.	These	limitations	do	not	apply	if	we	own	or	operate	the	merchant,	or	if	we	mailed	you	the	advertisement	

for	the	property	or	services.

The	Federal	equal	Credit	Opportunity	Act	prohibits	creditors	from	discriminating	against	credit	applicants	on	the	basis	of:	race,	color,	religion,	
national	origin,	gender,	marital	status,	age,	receipt	of	income	from	public	assistance	programs,	and	good	faith	exercise	of	any	right	under	the	
Consumer	Credit	Protection	Act.	The	federal	agency	which	administers	compliance	with	this	law	concerning	this	credit	union	is	the	national	Credit	
union	Administration,	7000	Central	Parkway,	Suite	1600,	Atlanta,	gA	30328.	The	Ohio	Laws	against	discrimination	require	that	all	creditors	make	
credit	equally	available	to	all	credit	worthy	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.	California	residents:	Applicants	1)	may,	after	credit	approval,	use	the	
credit	card	account	up	to	its	credit	limit;	2)	may	be	liable	for	amounts	extended	under	the	plan	to	any	joint	applicant.	As	required	by	law,	you	are	hereby	notified	
that	a	negative	credit	report	reflecting	on	your	credit	record	may	be	submitted	to	a	credit	reporting	agency	if	you	fail	to	fulfill	the	terms	of	your	credit	obligations.	
new	York	and	Vermont	residents:	General	Electric	Credit	Union	may	obtain	at	any	time	your	credit	reports,	for	any	legitimate	purpose	associated	with	the	
account	or	the	application	or	request	for	an	account,	including	but	not	limited	to	reviewing,	modifying,	renewing	and	collecting	on	your	account.	On	your	request,	
you	will	be	informed	if	such	a	report	was	ordered.	If	so,	you	will	be	given	the	name	and	address	of	the	consumer	reporting	agency	furnishing	the	report.	New	
York	residents	may	contact	the	New	York	State	Banking	Department	(1.800.518.8866)	for	a	comparative	list	of	credit	card	rates,	fees	and	grace	periods.	Married	
Wisconsin	residents:	No	provision	of	any	marital	property	agreement,	unilateral	statement,	or	court	order	applying	to	marital	property	will	adversely	affect	
a	creditor’s	interests	unless	prior	to	the	time	credit	is	granted,	the	creditor	is	furnished	with	a	copy	of	the	agreement,	statement	or	court	order,	or	has	actual	
knowledge	of	the	provision.

InTereST	rATe	AnD	InTereST	CHArgeS

Annual	Percentage	rate	
(APr)	for	Purchases

9.00%	APR	for	Dividend	Plus	Gold	Visa®	
This	APR	will	vary	with	the	market	based	on	the	Prime	Rate.*	

APr	for	Balance	Transfers

9.00%	APR	for	Dividend	Plus	Gold	Visa®	
This	APR	will	vary	with	the	market	based	on	the	Prime	Rate.*	

APr	for	Cash	Advances

9.00%	APR	for	Dividend	Plus	Gold	Visa®	
This	APR	will	vary	with	the	market	based	on	the	Prime	Rate.*	

Penalty	APr	and	When	it	
Applies

Paying	Interest

Not	applicable.

How	Long	Will	the	Penalty	APr	Apply?	Not	applicable.

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.

Minimum	Interest	Charge

If	you	are	charged	Interest,	the	charge	will	be	no	less	than	$0.00.

For	Credit	Card	Tips	from	
the	Consumer	Financial	
Protection	Bureau

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.

FeeS

Annual	Fees

none.

Transaction	Fees

Balance	Transfer

Cash	Advance

$0.00	

$0.00	

Foreign	Transaction

1%	of	each	transaction	in	U.S.	dollars.

Penalty	Fees

Late	Payment

$25.00	or	the	minimum	payment	amount	(whichever	is	lesser)	If	a	minimum	payment	is	not	
made	within	55	days	after	the	date	of	a	monthly	statement.

returned	Payment

$25.00	

How	We	Will	Calculate	Your	Balance:	We	use	the	method	called	“Average	Daily	Balance	(including	new	purchases).”	See	your	
Terms	and	Conditions	for	more	details.

*Variable	rate	Information:	The	APR	for	Purchases,	Balance	Transfers,	and	Cash	Advances	is	determined	quarterly	by	adding	
5.75%	to	The Wall Street Journal Prime	Rate.	

Billing	rights:	Information	on	your	rights	to	dispute	transactions	and	how	to	exercise	those	rights	is	provided	in	your	Terms	and	
Conditions.

The	information	about	the	costs	of	the	card	described	in	this	application	is	accurate	as	of	May	1,	2012.	It	may	have	changed	after	
that	date.	To	find	out	about	what	may	have	changed,	call:	513.243.4328	or	800.542.7093	or	write:	General	Electric	Credit	Union,	
10485	Reading	Road,	Cincinnati,	Ohio		45241,	Attn:	EFT	Department.