MIDFLORIDA Credit Union 
IMPORTANT CREDIT CARD DISCLOSURES 

The following disclosure represents important details concerning your credit card. The information about costs of 
the card are accurate as of October 1, 2010. You can contact us toll free at (866) 913-3733 or P.O. Box 8008, 
Lakeland, FL 33802 to inquire if any changes occurred since the effective date.  

INTEREST RATES and INTEREST CHARGES 
Annual Percentage Rate (APR) for  
Purchases    
APR for Cash Advances & Balance 
Transfers 

Penalty APR and When it Applies        

How to Avoid Paying Interest on         
Purchases 

Minimum Interest Charge                     
For Credit Card Tips from the  Federal 
Reserve Board                                     

9.99% – 18.00% depending on your credit rating and other factors. 
This APR will vary with the market based on the Prime Rate*. 
0% introductory APR for six months. After that, your APR will be 
16.99% - 18.00% depending on your credit rating and other factors. 
This APR will vary with the market based on Prime Rate*. 
17.99% This APR may be applied to your account if you make a 
payment that is late 60 days or more.  
How Long Will the Penalty APR Apply? You must make 6 payments in 
a row on time to cancel the penalty rate and have your APR lowered to 
the rate in effect at the time the 6th on time payment is made.     
Your due date is at least 21 days after we mail your billing statement. 
We will not charge you interest on purchases if you pay your entire 
new purchase balance by the due date each month.                                                                                        
None 
To learn more about factors to consider when  
applying for or using a credit card, visit the website of the Federal 
 Reserve Board at http://www.federalreserve.gov/creditcard 

Fees to Open or Maintain your Account: 

None 

Transaction Fees 
             -Balance Transfer:         
             -Cash Advance:   
             -Foreign Transaction:                                                    

$10.00 or 3% of the amount of each transfer, whichever is greater. 
$10.00 or 3% of the amount of each cash advance, whichever is 
greater. 
1% of each transaction in U.S. dollars if the transaction involves a                 
currency conversion 
0.8% of each transaction in U.S. dollars if the transaction does  
not involve a currency conversion    

Penalty Fees          
             -Late Payment:   
             -Over-the-Credit Limit:        
             -Returned Payment: 

Up to $25.00 if your payment is late. 
None  
Up to $25.00 if your payment is returned for any reason. 

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).” 

Loss of Introductory Rate: The introductory rate will be cancelled if you become 60 days or more past due.  

Overdraft Protection: If you have overdraft protection linked to your credit card account, overdrafts will be charged to your 
card at the introductory rate of 0% for the first six months. After that, your APR will be 16.99% - 18.00% depending on your 
credit rating and other factors. This APR will vary with the market based on the Prime Rate*. In addition, a $10.00 fee will also 
be added and will accrue interest at the same rates.  

Minimum Payment Requirement: $10.00 

 
 
 
 
 
 
 
 
                  
 
 
                                       
 
 
OTHER IMPORTANT DISCLOSURES: 

SECURITY: YOU SPECIFICALLY GRANT US A CONSENSUAL SECURITY INTEREST IN 
ALL INDIVIDUAL AND JOINT ACCOUNTS YOU HAVE WITH US NOW AND IN THE 
FUTURE TO SECURE REPAYMENT OF CREDIT EXTENDED UNDER THIS AGREEMENT. 
YOU ALSO AGREE THAT WE HAVE SIMILAR STATUTORY LIEN RIGHTS UNDER STATE 
AND/OR FEDERAL LAW. THE GRANTING OF THIS SECURITY INTEREST IS A 
CONDITION FOR THE ISSUANCE OF CREDIT UNDER THIS AGREEMENT. IF YOU ARE IN 
DEFAULT, WE CAN APPLY YOUR SHARES TO THE AMOUNT YOU OWE. Shares and deposits 
in an Individual Retirement Account or any other account that would lose special tax treatment under state 
or federal law if given are not subject to this security interest.  
If you have other loan with us, collateral securing such loans may also secure your obligations under this 
Agreement, unless that other collateral is your principal residence or non-purchase money household 
goods.  

*Variable Rates: The Annual Percentage Rate may increase or decrease if the highest rate of interest 
indentified as the ‘Prime Rate’ in the ‘Money Rates’ column of the Wall Street Journal increases or 
decreases on the last business day of  each month. The Annual Percentage Rate will be equal to the Prime 
Rate plus a margin. The interest rate can change monthly on the first day of each month following a change 
in the Prime Rate. The Annual Percentage Rate will never be more than the maximum rate allowed by 
applicable law. Any increase will take the form of more payments of the same amount.  

 
 
 
 
 
 
 
 
 
 
MIDFLORIDA CREDIT UNION CREDIT CARD TERMS AND AGREEMENT  

In this Agreement the words "you" and "your" mean each 
and all of those who apply for the card or who sign this 
Agreement. "Card" means the VISA credit card and any 
duplicates and renewals we issue. Everyone who receives, 
signs or uses a card issued under this Agreement must be 
a member of this Credit Union. "Account" means your VISA 
credit card Line of Credit account with us. "We", "us" 
and "ours" means this Credit Union. 
1. Using Your Account. If you are approved for an 
Account, the Credit Union will establish a line of credit for 
you and notify you of your credit limit. You agree that your 
credit limit is the maximum amount (purchases, cash 
advances, finance charges, plus "other charges") that you 
will have outstanding on your Account at any time. If you 
are over your credit limit, you must pay the amount you are 
over before payments will begin to restore your credit limit. 
You may request an increase in your credit limit only by a 
method acceptable to the Credit Union. The Credit Union 
has the right to reduce your credit limit, refuse to make an 
advance and/or terminate your Account at any time for any 
reason not prohibited by law. 
2. Using Your Card. You may use your Card to make 
purchases from merchants and others who accept VISA 
Cards. However, you may not use your Card to initiate any 
type of gambling transaction. If you wish to pay for 
goods or services over the Internet, you may be required to 
provide card number security information before you will be 
permitted to complete the transaction. In addition, you may 
obtain cash advances from the Credit Union and from other 
financial institutions that accept VISA Cards, and from 
some automated teller machines (ATMs). (Not all ATMs 
accept VISA Cards.) To obtain cash advances from an 
ATM, you must use the Personal Identification 
Number (PIN) that is issued to you for use with your Card. 
You agree that you  will not use your Card for any 
transaction that is illegal under applicable federal, state or 
local law. 
3. Responsibility. You agree to pay all charges 
(purchases and cash advances) to your Account that are 
made by you or anyone whom you authorize to use your 
Account. You also agree to pay all finance charges and 
other charges added to your Account under the terms of 
this Agreement or another agreement you made with the 
Credit Union. If this is a joint Account,  Section 17 below 
also applies to your Account. 
4. Finance Charges. New purchases posted to your 
account during a billing cycle will not incur a Finance 
charge for that billing cycle if you had a zero or credit 
balance at the beginning of that billing cycle or you paid the 
entire New Balance on the previous cycle's billing 
statement by the Payment Due Date of that statement; 
otherwise a Finance charge will accrue from the date a 
purchase is posted to your account. To avoid an additional 
Finance charge on the balance of purchases, you must pay 
the entire New Balance on the billing statement by the 
Payment Due Date of that statement. A Finance 
charge begins to accrue on cash advances from the date 
you get the cash advance. The Finance charge is 
calculated separately for purchases and cash advances. 
For purchases, the Finance charge is computed by 
applying the monthly periodic rate to the average daily 
balance of purchases. To get the average daily balance of 
purchases, we take the beginning outstanding balance of 
purchases each day, add any new purchases, and subtract 
any payments and/or credits. This gives us the daily 
balance of purchases. Then, we add all the daily balances 
of purchases for the billing cycle together and divide the 
total by the number of days in the billing cycle. This gives  

us the average daily balance of purchases. For cash 
advances, the Finance charge is computed by applying the 
monthly periodic rate to the average daily balance of cash 
advances. To get the average daily balance of cash  
advances, we take the beginning outstanding balance of 
cash advances each day, add in any new cash advances, 
and subtract any payments and/or credits that we apply to 
the cash advance balance. This gives us the daily balance 
of cash advances. Then, we add all the daily balances of 
cash advances for the billing cycle together and divide 
the total by the number of days in the billing cycle. This 
gives us the average daily balance of cash advances. 
5. Other Charges. The following other charges (fees) will 
be added to your Account, as applicable: 
a. Over-the-Credit-Limit Fee: None. 
b. Late Payment Fee:  up to $25.00 
c. Return Check Fee: up to $25.00. 
d. Cash Advance Fee:  $10.00 or 3% of each cash 
advance amount, whichever is greater. 
e. Balance Transfer Fee: $10.00 or 3% of each cash 
advance amount, whichever is greater.  
6. Payments. Each month you must pay at least the 
minimum payment shown on your statement by the date 
specified on the statement or no later than twenty-five (25) 
days from the statement closing date, whichever is later. If 
your statement says the payment is "Now Due," your 
payment is due no later than twenty-five (25) days from the 
statement closing date. You may pay more frequently, pay 
more than the minimum payment or pay the Total New 
Balance in full. If you make extra or larger payments, you 
are still required to make at least the minimum payment 
each month your Account has a balance (other than a 
credit balance). The minimum payment is 2% of your Total 
New Balance, or $10.00, whichever is greater, plus the 
amount of any prior minimum payments that you have not 
made, and any amount you are over your credit limit. The 
Credit Union also has the right to demand immediate 
payment of any amount by which you are over your credit 
limit. 
7. Payment Allocation. Subject to applicable law, your 
payments may be applied to what you owe the Credit 
Union in any manner the Credit Union chooses. We may 
accept checks marked "payment in full" or with words of 
similar effect without losing any of our rights to collect the 
full balance of your account with us. 
8. Security Interest. If you give the Credit Union a specific 
pledge of shares by signing a separate pledge of shares, 
your pledged shares will secure your Account. You may not 
withdraw amounts that have been specifically pledged 
to secure your Account until the Credit Union agrees to 
release all or part of the pledged amount. In addition, your 
Account is secured by all other shares you have in any 
individual or joint account with the Credit Union, except for 
shares in an Individual Retirement Account or in any other 
account that would lose special tax treatment under state 
or federal law if given as security. These other shares may 
be withdrawn unless you are in default under this 
agreement. You authorize the Credit Union to apply the 
balance in your individual or joint share accounts to pay 
any amounts due on your Account if you should default. 
Collateral securing other loans you have with the Credit 
Union may also secure this loan, except that a dwelling will 
never be considered as security for this Account, 
notwithstanding anything to the contrary in any other 
agreement. 
9. Default. You will be in default if you fail to make any 
minimum payment or other required payment by the date 
that it is due. You will be in default if you break any promise 
you make under this Agreement. You will be in default if 

 
 
 
 
 
 
 
you die, file for bankruptcy or become insolvent, that is, 
unable to pay your obligations when they become due. You  
will be in default if you make any false or misleading 
statements in any credit application or credit update. You 
will also be in default if something happens that the Credit 
Union believes may substantially reduce your ability to 
repay what you owe. When you are in default, the Credit 
Union has the right to demand immediate payment of your 
full Account balance without giving you notice. If immediate 
payment is demanded, you agree to continue paying 
finance charges, at the periodic rate charged before 
default, until what you owe has been paid, and any shares 
that were given as security for your Account may be 
applied towards what you owe. 
10. If Your Card is Lost or Stolen or if an Unauthorized 
Use Occurs. I agree to notify you immediately if my card is 
ever lost or stolen or if an unauthorized use may have 
occurred. The telephone number to call is (727) 570-4881, 
and I agree to follow up the call with notice in writing to you 
at: P.O. Box 8008, Lakeland FL 33802 I also agree to 
assist you in determining the facts, circumstances and 
other pertinent information relating to any loss, theft or 
possible unauthorized use of my card and comply with 
such procedures as you may require in connection with 
your investigation, including filing a police report and 
otherwise assisting in the prosecution of any unauthorized 
user. I will be liable for any unauthorized use over the Visa 
Network only if you can prove that I was grossly negligent 
in my use or handling of my card, or if you can prove that I 
used the card fraudulently. My liability for unauthorized use 
on networks other than the Visa Network will not exceed 
$50.00. In any case, I will not be liable for any unauthorized 
use that occurs after I notify you of the loss, theft, or 
unauthorized use.  
11. Changing or Terminating Your Account. The Credit 
Union may change the terms of this Agreement from time 
to time. Notice of any change will be given in accordance 
with applicable law. If permitted by law and specified in the 
notice to you, the change will apply to your existing 
Account balance as well as to future transactions. Either 
you or the Credit Union may terminate this Agreement at 
any time, but termination by you or the Credit Union will not 
affect your obligation to pay the Account balance plus any 
finance and other charges you owe under this Agreement. 
You are also responsible for all transactions made to your 
Account after termination, unless the transactions were 
unauthorized. The Card or Cards you receive remain the 
property of the Credit Union and you must recover and 
surrender to the Credit Union all Cards upon request 
or upon termination of this Agreement whether by you or 
the Credit Union. The Credit Union has the right to require 
you to pay your full Account balance at any time after your 
Account is terminated, whether it is terminated by you or 
the Credit Union. If this is a joint Account, Section 17 of this 
Agreement also applies to termination of the Account. 
12. Credit Review and Release of Information. You 
authorize the Credit Union  to investigate your credit 
standing when opening or reviewing your Account. 
You authorize the Credit Union to disclose information 
regarding your Account to credit bureaus and creditors who 
inquire about your credit standing. If your account is eligible 
for emergency cash and/or emergency card replacement 
services, and you request such services, you agree that we 
may provide personal information about you and your 
account that is necessary to provide you with the requested 
service(s). 
13. Returns and Adjustments. 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 slip 
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 or more, it will 
be refunded upon your written or verbal request. 
14. Additional Benefits/Card Enhancements. The Credit 
Union may from time to time offer additional services to our 
Account, such as travel accident insurance, at no additional 
cost to you. You understand that the Credit Union is not 
obligated to offer such services and may withdraw or  
change them at any time. 
15. Foreign Transactions; Currency Conversion. 
Purchases and cash advances made in foreign currencies 
will be billed to you in U.S. dollars. Transactions processed 
outside of the United States will be charged a foreign 
transaction fee in an amount to be determined by the 
Credit Union, regardless of whether there is a currency 
conversion associated with the transaction. The conversion 
rate in dollars will be a rate selected by VISA from a range 
of rates available in wholesale currency markets for the 
applicable central processing date, which rate may vary 
from the rate VISA itself receives, or the government-
mandated rate in effect for the applicable central 
processing date in each instance. A foreign transaction is 
any transaction that you complete or a merchant completes 
on your card outside of the U.S., Puerto Rico or the U.S. 
Virgin Islands; this may include internet transactions. 
16. Plan Merchant Disputes. You are not responsible for 
the refusal of any plan merchant or financial institution to 
honor my card. Also, you are not responsible for goods or 
services I purchase with the card unless (a) my purchase 
was made in response to an advertisement you sent or 
participated in sending me; (b) my purchase cost $50.00 or 
more and was made from a plan merchant in my state or 
within 100 miles of my home; and I have made a good faith 
attempt, but have been unable to obtain satisfaction from 
the plan merchant. I must resolve all other disputes directly 
with the plan merchant. 
17. Joint Accounts. If this is a joint Account, each person 
on the Account must sign the Agreement (by signing on the 
application). Each of you will be individually and jointly 
responsible for paying all amounts owed under this 
Agreement. This means that the Credit Union can require 
any one of you individually to repay the entire amount 
owed under this Agreement. Each of you authorizes the 
other(s) to make purchases or cash advances individually. 
Any one of you may terminate the Account and the  
termination will be effective as to all of you. 
18. Effect of Agreement. This Agreement is the contract 
which applies to all transactions on your Account even 
though the sales, cash advances, credit or other slips you 
sign or receive may contain different terms. 
19. No Waiver. The Credit Union can delay enforcing any 
of its rights any number of times without losing them. 
20. Statements and Notices. Statements and notices will 
be mailed to you at the most recent address you have 
given the Credit Union. Notice sent to any one of you will 
be considered notice to all. 
21. Final Expression. This Agreement is the final 
expression of the terms and conditions of this VISA line of 
credit between you and the Credit Union. This written 
Agreement may not be contradicted by evidence of any 
alleged oral agreement. 
22. Copy Received. You acknowledge that you have 
received a copy of this Agreement. You understand that 
the use of your credit card will constitute acknowledgement 
of receipt and agreement to the terms of the credit 
agreement. 

 
 
 
 
 
 
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: 
• 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 share draft 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 an 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 any finance charges related to any questioned 
amount. If we didn’t make a mistake, 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 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.