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  off  your  full  account  balance  at  any  time  after  your  account  is 
terminated, whether it is terminated by you or the Credit Union.

15)  Unlawful Transactions. Your  Credit  Union  credit  card  account(s) 
may  not  be  used  for  any  illegal  or  unlawful  transactions. You  agree  that 
we may decline to process any transaction that we believe in good faith to 
be for an illegal purpose.  You agree that we will not be liable for declining 
to  process  any  such  transaction.    If  we  do  process  any  transaction  that 
ultimately is determined to have been for an illegal purpose, you agree 
that  you  will  remain  liable  to  us  under  this  Agreement  for  any  such 
transaction notwithstanding its illegal nature. You agree that any illegal 
use of the card will be deemed an act of default under this Agreement.  
You further agree to waive any right to take legal action against us for 
your illegal use of the card and to indemnify, defend, and hold us and 
VISA  International,  Inc.  and  MasterCard  International,  Inc.  harmless 
from and against any lawsuits, other legal action, or liability that results 
directly or indirectly from such illegal use.

16) International Transactions.

MasterCard  Cards:  If  you  effect  an  international  transaction  with  your 
MasterCard,  MasterCard  International  will  convert  the  charge  into  a  U.S. 
dollar  amount.    MasterCard  International  will  use  its  currency  conversion 
procedure,  which  is  disclosed  to  institutions  that  issue  MasterCard  cards. 
Currently,  the  currency  conversion  rate  used  by  MasterCard  International 
to determine the transaction amount in U.S. dollars for such transactions 
is generally either a government-mandated exchange rate or a wholesale 
exchange  rate  selected  by  MasterCard  International  for  the  applicable 
currency  on  the  day  the  transaction  is  processed,  which  rate  may  differ 
from the applicable rate on the date the transaction occurred or when the 
transaction is posted to your account. We will charge a Foreign Transaction 
Fee  of  up  to  1%  on  all  international  purchase,  cash  disbursement,  and 
account  credit  transactions,  even  if  there  is  no  currency  conversion.  The 
Foreign Transaction Fee is a non-periodic finance charge and does not accrue 
interest. There is no grace period for repayment of international transactions 
in order to avoid the Foreign Transaction Fee.

VISA Cards: If you effect an international transaction with your VISA Card, the 
rate of exchange between the transaction currency and the billing currency 
used for processing the international transaction will be a rate selected by 
VISA from the 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. We will charge a Foreign Transaction Fee of up to 
1%  on  all  international  purchase,  cash  disbursement,  and  account  credit 
transactions, even if there is no currency conversion. The Foreign Transaction 
Fee is a non-periodic finance charge and does not accrue interest. There is no 
grace period for repayment of international transactions in order to avoid 
the Foreign Transaction Fee.

17)  Visa  Emergency  Cash  And  Emergency  Card  Replacement 
Services. If this service is available, you acknowledge that we may provide 
personal data concerning you to VISA USA, its members, or their respective 
contractors  for  the  purpose  of  providing you with VISA Emergency Cash 
and Emergency Card Replacement Services, and you consent to the release of 
your information for these purposes.

18) CREDIT INVESTIGATION:  In conjunction with your application for credit 
and, if approved, maintenance of your account, you agree that we have the 
right to investigate your credit and employment history, to verify your credit 
references, to request and use credit reports, and to report the way you pay 
your account to credit bureaus and other interested parties.

19) Fair Credit Reporting Act Notification. We may report the status 
and payment history of your account to credit reporting agencies each 
month.  If  you  believe  that  the  information  that  we  have  reported  is 
inaccurate  or  incomplete,  please  notify  us  in  writing  at  PO  Box  889, 
Texas City, TX 77592-0889. Please include your name, address, telephone 
numbers and account number.

20)  Additional  Provisions.  Each  provision  of  this  Agreement  must 
be considered as part of the total agreement and cannot, in any way, be 
severed from it. However, you also agree that should any part of the Agreement 
be found invalid, it will in no way affect the remainder of the Agreement. You 
understood that the validity, construction and enforcement of this Agreement 
shall be governed by the laws of the State of Texas. The Credit Union does 
not warrant any merchandise or services purchased by you with the card. All 
purchases and cash advances are extended at the option of the merchant or 
cash advancing financial institution and the Credit Union is not responsible 
for refusal of any merchant or financial institution to honor your card. The 
card(s)  remain  our  property  at  all  times,  and  you  agree  to  immediately 
surrender the cards upon demand.  We can accept late payments or partial 
payments,  or  checks  or  money  orders  marked “payment  in  full”  without 
losing any of our rights under this Agreement.  We can also delay enforcing 
any of our rights under this Agreement any number of times without losing 
them. You expressly waive presentment for payment, demand, protest, and 
notice of protest and dishonor of same. You agree to give us prompt notice 
of any change in your name, mailing address, telephone number or place of 
employment.

This  notice  tells  you  about  your  rights  and  our  responsibilities 
under the Fair Credit Billing Act.

What to Do if You Find a Mistake on Your Statement

If you think there is an error on your statement, write to us at:

AMOCO Federal Credit Union
P.O. Box 889
2300 Texas Ave.
Texas CityTX 77592-0889

You may also contact us on the Web: www.amocofcu.org

In your letter, give us the following information:

• 
Account information: Your name and account number.
• 
Dollar amount: The dollar amount of the suspected error.
•   Description  of  problem:  If  you  think  there  is  an  error  on  your 
statement,  describe  what  you  believe  is  wrong  and  why  you 
believe it is a mistake.

You must contact us:

•   Within 60 days after the error appeared on your statement.
•   At  least  3  business  days  before  an  automated  payment  is 
scheduled, if you want to stop payment on the amount you think 
is wrong.

You must notify us of any potential errors in writing or electronically. You 
may call us, but if you do we are not required to investigate any potential 
errors and you may have to pay the amount in question.

What Will Happen After We Receive Your Letter

When we receive your letter, we must do two things:

1.  Within 30 days of receiving your letter, we must tell you that we received 
your letter. We will also tell you if we have already corrected the error.
2.  Within 90 days of receiving your letter, we must either correct the error or 

explain to you why we believe your statement is correct.

While we investigate whether or not there has been an error:
•   We cannot try to collect the amount in question, or report you as 
delinquent on that amount.
•  
The charge in question may remain on your statement, and we 
may continue to charge you interest on that amount.
•   While you do not have to pay the amount in question, you are 
•   We can apply any unpaid amount against your credit limit.

responsible for the remainder of your balance.

•  

reported you as delinquent, and we must let those organizations 
know when the matter has been settled between us. 
If we do not follow all of the rules above, you do not have to 
pay the first $50 of the amount you question even if your bill is 
correct.

Your Rights if You are Dissatisfied with Your Credit Card Purchases

If you are dissatisfied with the goods or services that you have purchased 
with your credit card, and you have tried in good faith to correct the problem 
with the merchant, you may have the right not to pay the remaining amount 
due on the purchase. To use this right, all of the following must be true:

1.  The purchase must have been made in your home state or within 100 miles 
of your current mailing address, and the purchase price must have been 
more than $50. (Note: Neither of these are necessary if your purchase was 
based on an advertisement we mailed to you, or if we own the company 
that sold you the goods or services.)

2.  You must have used your credit card for the purchase. Purchases made 
with cash advances from an ATM or with a check that accesses your credit 
card account do not qualify.

3.  You  must  not  yet  have  fully  paid  for  the  purchase.  If  all  of  the  criteria 
above are met and you are still dissatisfied with the purchase, contact us 
in writing or electronically at: 

AMOCO Federal Credit Union
P.O. Box 889
2300 Texas Ave.
Texas City, TX 77592-0889
www.amocofcu.org

While  we  investigate,  the  same  rules  apply  to  the  disputed  amount  as 
discussed  above.  After  we  finish  our  investigation,  we  will  tell  you  our 
decision. At that point, if we think you owe an amount and you do not pay, 
we may report you as delinquent. 

After we finish our investigation, one of two things will happen:
•  
•  

If we made a mistake: You will not have to pay the amount in 
question or any interest or other fees related to that amount.
If we do not believe there was a mistake: You will have to pay the 
amount in question along with applicable interest and fees. We 
will send you a statement of the amount you owe and the date 
payment is due. We may then report you as delinquent if you do 
not pay the amount we think you owe. 
If you receive our explanation but still believe your statement 
is  wrong,  you  must  write  to  us  within  10  days  telling  us  that 
you  still  refuse  to  pay.  If  you  do  so,  we  cannot  report  you  as 
delinquent without also reporting that you are questioning your 
statement. We must tell you the name of anyone to whom we 

•  

Credit Card 
Agreement

Mailing Address
P.O.  Box 889
Texas City, TX 
77592-0889

Phone Numbers
PH 409.948.8541
TX  800.392.3813
US 800.231.6053

www.amocofcu.org

 
 
CREDIT CARD AGREEMENT

This Agreement Covers: VISA® Gold, VISA Platinum, MasterCard® Gold, and/or 
MasterCard Platinum with AMOCO Federal Credit Union.  

By using or permitting another to use your VISA Gold, VISA Platinum, MasterCard 
Gold, and/or MasterCard Platinum card(s), you are accepting this Agreement 
and agreeing to pay all amounts that will be owing in connection with your 
account. You also acknowledge receipt of a copy of this Agreement. In this 
Agreement, the words “you” and “your” mean each person who signed this 
application and his/her heirs and personal representatives, and any other 
person that uses the card. “We,” “our,” “us,” and “Credit Union” mean AMOCO 
Federal Credit Union. All of your obligations under this Agreement, including 
any INTEREST CHARGES, are owed to the Credit Union. The word “account” 
means any number of VISA Gold, VISA Platinum, MasterCard Gold, and/or 
MasterCard Platinum accounts established for you under this Agreement. “Use 
of this card” means any procedure used by you, or someone authorized by you, 
to make a purchase or obtain a cash advance whether or not the purchase or 
advance is evidenced by a signed written document. “Unauthorized” use of 
the card” means that use of the card by someone other than you who does 
not have actual, implied, or apparent authority for such use, and from which 
you receive no benefit.

SECURITY  INTEREST  AND  PLEDGE  OF  SHARES: YOU  PLEDGE TO 
US  AND  GRANT  TO  US  A  CONSENSUAL  SECURITY  INTEREST  IN 
ALL  INDIVIDUAL  AND  JOINT  ACCOUNTS  MAINTAINED  WITH 
US  IN  WHICH  YOU  HAVE  INTEREST  NOW  OR  IN  THE  FUTURE, 
EXCEPT AMOUNTS HELD IN AN IRA OR KEOGH PLAN, TO SECURE 
REPAYMENT  OF  AMOUNTS  OWING  UNDER  THIS  CREDIT  CARD 
ACCOUNT,  TOGETHER  WITH  ANY  FEES  OR  COSTS  WHICH  MAY  BE 
ASSESSED  AGAINST  THE  ACCOUNT  UNDER  THE  TERMS  OF  THIS 
AGREEMENT.  THE  GRANTING  OF  THIS  SECURITY  INTEREST  IS  A 
CONDITION FOR THE ISSUANCE OF ANY CARD THAT YOU MAY USE, 
DIRECTLY  OR  INDIRECTLY,  TO  OBTAIN  EXTENSIONS  OF  CREDIT 
UNDER  THIS  AGREEMENT.  IF  YOU  ARE  IN  DEFAULT  UNDER  THIS 
AGREEMENT, YOU AUTHORIZE US TO APPLY ANY AND ALL AMOUNTS 
ON DEPOSIT IN ANY ACCOUNT IN WHICH YOU HAVE AN INTEREST 
NOW  OR  IN  THE  FUTURE  TO  THE  PAYMENT  OF  ALL  AMOUNTS 
OWING UNDER THIS CREDIT CARD ACCOUNT.

Additional Security: If you have other loans with us, now or in the future, 
collateral  securing  such  loans  may  also  secure  your  obligations  under  this 
Agreement. This security interest does not apply to Home Equity loans, or any 
other  dwelling-secured  loan.  Please  read  any  security  agreement  you  sign 
in order to determine if the collateral also secures your obligations under this 
Agreement and any other agreements you have with us.

1) Extensions of Credit. If your application is approved, the Credit Union may, 
at its discretion, establish a credit card account in your name and cause one or 

more cards to be issued to you or those designated by you. In such event, you 
authorize the Credit Union to pay for your account, all items reflecting credit 
purchases and cash advances obtained through use of the card. The Credit Union, 
may at its discretion, issue checks to you which may be used for any purpose 
other than making a payment for credit to your account. Any check written by 
you will be considered as a cash advance, even if used to make a purchase. By 
signing such a check, you authorize the Credit Union to pay the item for the 
amount indicated and post such amounts as cash advance to your account. The 
Credit Union does not have to pay any item which would cause the outstanding 
balance in your account to exceed your credit limit. Please refer to the attached 
Rate and Fee Disclosures for charges that apply in connection with credit card 
convenience checks. 

2) Joint Applicant Liability. If this Agreement is executed by more than 
one person, each of you shall be jointly and individually liable to us for all 
charges made to the account, including applicable fees. In addition, you agree 
that each of you designates the other as agent for the purpose of making 
purchases extended under this Agreement and each use of your account shall 
be an extension of credit to all.  Notice to one of you shall constitute notice 
to all. Any joint cardholder may remove him/herself from responsibility for 
future purchases at any time by notifying us in writing.  However, removal 
from  the  account  does  not  release  the  joint  cardholder  from  any  liability 
already incurred.

3) Others Using Your Account. If you allow anyone else to use your card, you 
will be liable for all credit extended to such persons. You promise to pay for all 
purchases, balance transfers, and cash advances made by anyone whom you 
authorize to use your card, whether or not you notify us that he or she will be 
using it. If someone else is authorized to use your card and you want to end 
that person’s privilege, you must notify us in writing, and if he or she has a 
card, you must return the card with your written notice for it to be effective.

4) Credit Limits. You promise the payments made for your account resulting 
from use of the card will, at no time, cause the outstanding balance in your 
account to exceed your credit limit as disclosed to you at the time you receive 
your card or as adjusted from time to time at the discretion of the Credit Union.

5) Promise To Pay. You promise to repay the Credit Union all payments made 
for your account resulting from use of the card, plus INTEREST CHARGES on the 
unpaid balance. At the end of each monthly billing cycle, you will be furnished 
with a periodic statement showing (1) the “previous balance” (the outstanding 
balance in the account at the beginning of the billing cycle), (2) the amount of all 
cash advances, balance transfers, purchases and INTEREST CHARGES posted to 
your account during the billing cycle, (3) the amount of all payments and credits 
posted to your account during the billing cycle, and (4) the “new balance” which 
is the sum of (1) and (2) less (3). You agree to pay on or before the “payment 
due date” shown on the periodic statement either the entire “new balance”, or 
a minimum payment equal to 3% of the “new balance”, or $18.00, whichever is 
greater, if the “new balance” is $18.00 or less, you will pay in full.

6)  Cost  of  Credit. You  will  pay  INTEREST  CHARGES  for  all  advances  made 
against  your  account.  INTEREST  CHARGES  for  cash  advances  and  balance 
transfers begin to accrue on the date of the advance. New purchases will not 
incur an INTEREST CHARGE on the date they are posted to your account if you 
have paid the account in full by the “payment due date” shown on your most 
recent monthly statement, or if there was no previous balance.

If your account features an introductory rate, you will pay a fixed introductory rate 
for all advances made against your VISA Gold, MasterCard Gold, VISA Platinum, 
or MasterCard Platinum account at the daily periodic rate and corresponding 
ANNUAL PERCENTAGE RATE (APR) set forth in the Rate Disclosure attached to 
this Agreement. Any introductory rate applicable to your account applies until 
the first day of the billing cycle that includes the six-month anniversary date of 
the opening of your account.

Thereafter, your account is subject to a variable rate, and the APR may increase. 
The  applicable  periodic  rate  used  to  compute  the  INTEREST  CHARGES  for 
all  advances  is  based  on  an  index  (the “Index”),  which  is  the  Prime  Rate  as 
published in the Money Rates section of The Wall Street Journal on the 10th day 
of the month and is subject to change monthly. If the 10th falls on a weekend or 
a holiday in any given month, then we will use the Prime Rate published on the 
next business day for that month. Any change in the Index will be effective on 
the first day of the billing cycle in the month following the date of the change. 
An increase in the Index may result in an increase in the periodic rate, which in 
turn, may result in higher payments. We retain the discretion not to increase 
your rate when the Index increases, but such action does not preclude us from 
increasing the rate in step with Index increases on future occasions. 

We will add a margin to the Index to determine your daily periodic rate and 
corresponding APR. The margin for VISA Gold, MasterCard Gold, VISA Platinum, 
and MasterCard Platinum accounts is set forth in the Rate Disclosure attached 
to this Agreement. 

The daily periodic rates and corresponding APRs for VISA Gold, MasterCard Gold, 
VISA  Platinum,  and  MasterCard  Platinum  accounts  are  set  forth  in  the  Rate 
Disclosure attached to this Agreement. The maximum rate for all accounts will 
never exceed a daily periodic rate of .049315%, which corresponds to an APR 
of 18%.

The INTEREST CHARGE is figured by applying the periodic rate to the “balance 
subject  to  INTEREST  CHARGE”  which  is  the “average  daily  balance”  of  your 
account, including certain current transactions.  The “average daily balance” is 
arrived at by taking the beginning balance of your account each day, adding in 
any new cash advances and balance transfers, and unless you pay your account 
in full by the “payment due date” shown on the previous monthly statement 
or there is no previous balance, adding in new purchases, and subtracting any 
payments or credits and unpaid INTEREST CHARGES.  This gives us the daily 
balance.  The daily balances for the billing cycle are then added together and 
divided by the number of days in the billing cycle.  The result is the “average 
daily  balance.”    The  INTEREST  CHARGE  is  determined  by  multiplying  the 

“average daily balance” by the number of days in the billing cycle and applying 
the periodic rate to the product.

No  additional  INTEREST  CHARGES  will  be  incurred  whenever  you  pay  the 
account  in  full  by  the “payment  due  date”  as  reflected  on  your  most  recent 
monthly statement.  The “payment due date” is not less than 25 days from the 
billing cycle closing date shown on your statement. You may pay any amounts 
outstanding at any time without penalty for early repayment.

7) Other Charges. Please refer to the attached Rate and Fee Disclosures for 
other charges that apply in connection with your credit card account.

8) Credit Insurance. Credit life and/or credit disability insurance is optional. If 
you qualify for and purchase the insurance from us, you authorize us to add the 
insurance premiums monthly to your loan balance and charge you interest on 
the entire balance. If you elect credit insurance, your payments may increase 
or the period of time necessary to repay your advance may be extended. The 
credit insurance rates may change. If the rates change, we will provide any 
notices required by applicable law.

9) Visa Card Liability for Unauthorized Use. If you notice the loss or 
theft of your VISA card or a possible unauthorized use of your VISA card, you 
should call the Credit Card Center immediately at:

(800) 442-4757

Under VISA’s zero liability policy, you will not be liable for unauthorized use 
of your VISA card once you notify us orally or in writing of the loss, theft, or 
possible unauthorized use. The foregoing zero liability policy does not apply 
if you are grossly negligent or fraudulent in the handling of your account or your 
VISA card, nor does it apply in the case of cash advances obtained at an ATM. 

You will not be liable for any unauthorized use that occurs after you notify 
us. You may, however, be liable for unauthorized use that occurs before your 
notice to us. In any case, your liability will not exceed $50.00.

10) MasterCard Liability for Unauthorized Use. If you notice the loss or 
theft of your MasterCard or a possible unauthorized use of your MasterCard, 
you should call the Credit Card Center immediately at:

(800) 442-4757

Under  MasterCard’s  zero  liability  policy,  you  will  not  be  liable  for  any 
unauthorized use of your MasterCard once you notify us orally or in writing 
of the loss, theft, or possible unauthorized use and you meet the following 
conditions:  (1)  you  have  exercised  reasonable  care  with  the  MasterCard; 
(2) you have not reported two or more incidents of unauthorized use of the 
MasterCard within the previous 12 months; and (3) you have maintained your 
account in good standing. The foregoing zero liability policy does not apply to 
cash advances obtained at an ATM. 

You will not be liable for any unauthorized use that occurs after you notify 
us. You may, however, be liable for unauthorized use that occurs before your 
notice to us. In any case, your liability will not exceed $50.00.

11)  Crediting Payments. All payments on your account will be applied first 
to collection costs, then to any INTEREST CHARGES and other fees due, and 
then to the unpaid principal balance. All payments made on your account at 
the address designated for payment on the monthly periodic statement or 
at any of our branch offices during our business hours will be credited to your 
account on the date of receipt.  If we receive a payment on a day that is not a 
business day for us or at a time that we are not open, your payment may be 
credited on the first business day following receipt. Interest paid or agreed to 
be paid shall not exceed the maximum amount permissible under applicable 
law, and in any contingency whatsoever, if we shall receive anything of value 
deemed interest under applicable law which would exceed the maximum 
amount of interest permissible under applicable law, the excessive interest 
shall be applied to the reduction of the unpaid principal amount or refunded 
to you.

12) Default. You will be in default: (1) if you fail to make any payment on 
time; (2) if you fail to keep any promises you have made under this or any 
other agreement with the Credit Union; (3) if you are the subject of an order 
for relief Under Title 11 of the U.S. Code (Bankruptcy); (4) if anyone tries, by 
legal process, to take any of your money in the Credit Union; (5) if you have 
given the Credit Union false or inaccurate information in obtaining your card, or 
(6) if anything happens which the Credit Union reasonably believes endangers 
your ability to repay what you owe.

13) Acceleration. If you are in default; the Credit Union may, without prior 
notice to you, call any amounts you still owe immediately due and payable 
plus INTEREST CHARGES which shall continue to accrue until the entire amount 
is paid. You expressly waive any right to notice of demand, including but 
not limited to, demand upon default, notice of intention to accelerate, and 
notice of acceleration. The card remains the property of the Credit Union at all 
times, and you agree to immediately surrender the card upon demand of the 
Credit Union. You agree to pay all reasonable costs of collection, including 
court costs and attorney’s fees imposed and any cost incurred in the recovery 
of the card.

14)  Termination  or  Changes. The  Credit  Union  may  add  to,  delete,  or 
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 
INTEREST CHARGES 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