MASTERCARD  PLATINUM
 Interest Rates and Interest Charges

Annual Percentage 
Rate (APR)
Purchases and 
Balance Transfers

Cash Advance APR

12.25% to
18.00% APR*+,
based on your creditworthiness.
Your APR will vary with the 
market based on the Prime 
Rate
14.75% to 
18.00% APR***
based on your creditworthiness.
Your APR will vary with the 
market based on the Prime 
Rate

Fees

Annual Fee
Minimum Finance 
Charge
Balance Transfer Fee

Cash Advance Fee

Late Fee

Return Payment Fee
International 
Transaction Fee
How to Avoid 
Paying Interest on 
Purchases

For Credit Card Tips 
from the Consumer 
Financial 
Protection Bureau

None

None

None
3% of Transaction
$10.00 Minimum
$150.00 Maximum
Up to $25.00 per 
statement period

Up to $25.00

1% of each 
international transaction
Your due date is the 14th 
of each month. You have a 
grace period of 25 days. We 
will not charge you interest 
if you pay your entire 
balance by the 14th.
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.consumer
昀椀nance.gov/learnmore

How We Will Calculate Your Balance: We use a method called “average daily 
balance (including new purchases).” See account agreement for more details.
Billing Rights: Information on your rights to dispute transaction and how to 
exercise those rights is provided in your account agreement.
* Annual Percentage Rate
+Your standard APR* may vary and is based on Prime Rate. Your rate is 
determined by adding a margin to the Prime Rate. The Prime Rate Index 
used to determine your APR* is the rate published in the Money Rates 
section of The Wall Street Journal on the last business day of the month and 
is subject to change monthly on the 昀椀rst day of each month. (See account 
agreement for compete details)
The “Margin” for purchases and balance transfers will be 7.50% to 18%, 
based  on your creditworthiness.
The “Margin” for cash advances will be 10.50% to 18.00%, based on your 
creditworthiness.
PFCU reserves the rights as permitted by law to change rates APR*, terms 
and fees at its discretion. 
Military Lending Act Disclosures: Federal law provides important protections 
to members of the Armed Forces and their dependents relating to extensions 
of consumer credit.  In general, the cost of consumer credit to a member of the 
Armed Forces and his or her dependent may not exceed an annual percentage rate 
of 36%. This rate must include, as applicable to the credit transaction or account: 
the costs associated with credit insurance premiums; fees for ancillary products 
sold in connection with the credit transaction; any application fee charged (other 
than certain application fees for speci昀椀ed credit transactions or accounts); and any 
participation fee charged (other than certain participation fees for a credit card 
account).
Please call us at 1-800-647-5829 to receive Military Lending Act oral disclosure 
above and a description of the payment obligation.

PFCU MASTERCARD® PLATINUM AGREEMENT & DISCLOSURE
In this Agreement the words “you” and “your” mean each and all of those who agree to be 
bound by this Agreement; “Card” means the Mastercard® credit card and any duplicates, 
renewals, or substitutions the Credit Union issues to you; “Account” means your 
Mastercard credit card line-of-credit account with the PFCU, and “Credit Union” means 
PFCU whose name appears on this Agreement or anyone to whom PFCU transfers this 
Agreement.
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, 昀椀nance charges, plus “other charges”) that you will have 
outstanding on your Account at any time. Each payment you make to your Account will restore your
credit limit by the amount of the payment unless you are over your credit limit. 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 Mastercard Cards. However, you may not use your Card to initiate any type of electronic
gambling transaction through the Internet. In addition, you may obtain cash advances from the Credit
Union and from other 昀椀nancial institutions that accept Mastercard Cards, and from some automated 
teller machines (ATMs). (Not all ATMs accept Mastercard Cards.) To obtain cash advances from an
ATM, you must use the Personal Identi昀椀cation Number (PIN) that is issued to you for use with your
Card. You agree that you will not make or permit to be made the use of your Card for any transaction
that is illegal under applicable federal, state or local law. The Credit Union is not responsible for the
refusal of any merchant or 昀椀nancial institution to honor your Card.
3. Responsibility. You agree to pay all charges (purchases, balance transfers 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 昀椀nance 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 16 below also 
applies to your Account.
4. Finance Charges. You will pay a Finance Charge on all purchases, cash advances and balance 
transfers made against your Account. Finance Charges for cash advances will begin to accrue on the
date of the advance. New purchases and balance transfers will not incur a Finance 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 previous monthly statement or if there was no previous balance. The Payment Due Date will
not be less than 25 days from the billing cycle closing date shown on your statement. No additional 
Finance Charge will be imposed on purchases and balance transfers whenever you pay the Account in 
full on or before the Payment Due Date re昀氀ected on your statement. A Standard variable ANNUAL 
PERCENTAGE RATE will be applied to your Account. We will add a “Margin” to an “Index Rate” to
determine your standard variable rate. The periodic rates used to compute the Finance Charge 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 last business day of the month and is subject to change monthly on the 昀椀rst 
day of each month. Any change in the Index will be e昀昀ective on the 昀椀rst day of the billing cycle that
ends on or after the date of the change. An increase or decrease in the Index will result in an increase or
decrease in the periodic rate, which in turn, may result in higher or lower payments. The “Margin” for
purchases and balance transfers will be 7.50% to 18.00%, based on your creditworthiness. The
“Margin” for cash advances will be 10.50% to 18.00%, based on your creditworthiness. These
ANNUAL PERCENTAGES are collectively referred to in this Agreement as the Standard Rate. The
Standard Rate Monthly Periodic Rates and corresponding ANNUAL PERCENTAGE RATES for all
advances are set forth as of the last update in this agreement. The Finance Charge is 昀椀gured by
applying the periodic rate to the “Balance Subject to Finance 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 Finance 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 Finance 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.
5. Other Charges. The following other charges (fees) will be added to your Account, as applicable:
a. Late Payment Fee:  A late charge of up to $25.00 will be added to your account if you are late in

making a payment.

b. Non-Su昀케cient Funds Fee: If a check or share draft or any other form of payment used to make a

payment on your account is returned unpaid, you will be charged a fee of up to $25.00.

c. Document Copy Fee: You will be charged a $5.00 fee for each copy of a sales draft or statement
that you request (except when the request is made in connection with a billing error made by the
Credit Union.

d. Card Replacement Fee: You will be charged a $10.00 fee for each replacement card that is issued

to you for any reason other than expiration of a current card or normal usage of card.

e. Cash Advance Fee: A cash advance fee of 3% of the transaction will be assessed, with a minimum 

of $10.00 and a maximum of $150.00. 

f. EZ Pay Fee: When calling into 1-800-442-4757, and using the Operator Assisted payment option,
to make a payment on an  expedited same day basis, a fee of $8.00 will be charged in addition 
to the payment. 

g. Collection Costs: You agree to pay all costs of collecting the amount you owe under this 

Agreement, including court costs and reasonable attorney’s fees.

h. Credit Card Quick Delivery: You may be charged a Credit Card Quick Delivery fee in the amount

of $35.00

i. The information about the costs of the card described in this application is accurate as of February
2020. This information may have changed after that date. To 昀椀nd out what may have changed, call
us at 844-517-3611 or write us at 9077 Charlotte Highway, Portland, MI 48875.

6. Payments. Each month you must pay at least the minimum payment shown on the statement no 
later than the 14th of the month. 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 2.5% of your Total New Balance, or $25.00, 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. All payments made to us must be in U.S. Dollars. Payments 
mailed to PFCU, 9077 Charlotte Highway, Portland, MI 48875 must be received at that location by 
5:00 p.m. to be e昀昀ective the same day. In some cases, available credit may be delayed until the
payment is veri昀椀ed. To pay by a certain date means to send your payment so that we receive it and
credit it to your Account by that date.

 
CREDIT INSURANCE:

Credit insurance is available to you for a nominal cost. 

W

Yes

1.  Complete applicant and co-applicant section providing information about you and the other party 

2.  Each joint applicant must sign.

Please call us at 1-800-647-5829 to receive Military Lending Act oral disclosure above and a description of the payment obligation.

I/we pledge all shares and deposits as de昀椀ned by our Membership Agreement to secure payment of my/our obligations on 

, 

If you are applying for credit in you name only, do not complete portion on co-applicant.                     Check One 

Co-Applicant (Joint)        Authorized Users

CO-APPLICANT NAME

CITY – STATE – ZIP

HOME ADDRESS (STREET & NO.)                                                    HOW LONG?

PREVIOUS HOME  ADDRESS

                                                   HOW LONG?

HOME PHONE NUMBER                                       CELL NUMBER

SOCIAL SECURITY NUMBER

                         BIRTH DATE

MOTHER’S MAIDEN NAME

                         DRIVERS LICENSE NUMBER

MORTGAGE PAYMENT                                          RENT PAYMENT

BUSINESS PHONE NUMBER

                         GROSS MONTHLY INCOME

EMPLOYER                                            POSITION                         HOW LONG?

E-MAIL ADDRESS

BUSINESS ADDRESS

Alimony, child support, or separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repaying this obligation

NAME OF A REFERENCE NOT LIVING WITH YOU:

ADDRESS (CITY-STATE-ZIP)

                                                          PHONE #                  RELATIONSHIP

Are you a co-borrower, co-signer, endorser, 

or guarantor on any loan or contract?

Yes          No

If “yes”

                for whom?

To whom?

APPLICANT’S SIGNATURE

   DATE

               CO-APPLICANT’S SIGNATURE  (Joint credit box must be checked above)

  DATE

APPROVED  

NOT APPROVED 

PFCU MASTERCARD® PLATINUM AGREEMENT & DISCLOSURE CONTINUED

7. Payment Allocation. Your minimum payment will be applied to what you owe the 
Credit Union in accordance with applicable laws. Any excess will be allocated to your 
accounts highest interest (APR*) balances before lower interest (APR*) balances.
8. PLEDGE OF SHARES AND SECURITY INTEREST. BY SIGNING AN
APPLICATION, ACCEPTANCE OR AUTHORIZED USE OF ANY CREDIT 
CARDS, YOU GRANT AND PLEDGE ALL OTHER SHARES AND DEPOSITS,
INCLUDING FUTURE ADDITIONS, AS SECURITY 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. IN CASE YOU DEFAULT, YOU
AUTHORIZE THE CREDIT UNION TO APPLY THE BALANCE IN THESE 
OTHER SHARES AND DEPOSITS TO THE PAYMENT OF ALL SUMS DUE AT 
THE TIME OF DEFAULT, INCLUDING COLLECTION COSTS AND
REASONABLE ATTORNEY’S FEES UNDER THIS AGREEMENT. 
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. 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.
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, 昀椀le 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. You
expressly waive notice of intent to accelerate and notice of acceleration. If immediate
payment is demanded, you agree to continue paying 昀椀nance charges, at the standard 
periodic rate or the penalty rate 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. Liability for Unauthorized Use-Lost/Stolen Card Noti昀椀cation. You will not
be liable for any unauthorized use of your Card if: a) you can demonstrate that you
have exercised reasonable care in safeguarding your card from the risk of loss or theft,
and b) upon becoming aware of unauthorized use, you promptly notify us at 9077
Charlotte Highway, Portland, MI 48875 in writing or telephone us at (800) 442-4757,
to report the loss or theft.
11. Changing or Terminating Your Account. The credit union may add to, change,
or delete 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 speci昀椀ed 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 a昀昀ect your obligation to pay
the Account balance plus any 昀椀nance and other charges and fees 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 16 of this Agreement
also applies to termination of the Account.
12. Credit 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.
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 request or automatically after six (6) months.
14. Additional Bene昀椀ts/Card Enhancements. The Credit Union may from time to
time o昀昀er additional services to your Account, such as travel accident insurance or 
rewards programs, at no additional cost to you. You understand that the Credit Union is 
not obligated to o昀昀er such services and may withdraw or change them at any time.
15. International Transactions. If you authorize an international transaction with
your Mastercard, Mastercard International Incorporated 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 di昀昀er from the applicable rate on the date the transaction
occurred or when the transaction is posted to your Account. We will charge a 1%
Foreign Transaction Fee on all international transaction amounts, whether or not such
amounts are charged in U.S. dollars.
16. 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 e昀昀ective as to all of you.

17. E昀昀ect 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 di昀昀erent terms.
18. No Waiver. The Credit Union can delay enforcing any of its rights any number of
times without losing them.
19. 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.
20. Final Expression. This Agreement is the 昀椀nal expression of the terms and
conditions of this Mastercard line of credit between you and the Credit Union. This
written Agreement may not be contradicted by evidence of any alleged oral
agreement.
21. Copy Received. You acknowledge that you have received a copy of this 
Agreement.
22. Agreement and Acknowledgment. By signing an application for the Card or
by using the Card, you agree to all the terms and conditions and promise to perform
all the obligations, requirements and duties set forth in this Agreement. You also 
acknowledge receipt of a copy of this Agreement.
23. Travel: When you travel outside of the United States, notify the credit union
prior to travel, to assure acceptability.
24. Neural Network: PFCU uses neural network systems to predict and prevent
unauthorized transactions. There may be occasions when a transaction is declined 
because it is indicative of possible fraudulent activity.
25. Skip Pay Option: At our discretion, we may o昀昀er you the opportunity to not
make (“Skip”) a minimum payment during certain designated billing cycles (“Skip
payment period”). If you do not make your minimum payments as provided in this
Agreement during such designated billing cycles, you understand that the Credit 
Union will continue to apply 昀椀nance charges to your account, beginning with the
billing cycle following an allowed skip pay period. All other provisions of this
Agreement will apply. Credit Union is not obligated to accept your application for
any skip payment period o昀昀ered, and you consent the Credit Union to examine your
creditworthiness including obtaining consumer credit reports. After the Skip
payment period, your required minimum payment will return to the amount
determined under the standard terms of your account.

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 sixty (60) days after we sent 
you the 昀椀rst 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 (3) 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 thirty (30) days, unless we have corrected 
the error by then. Within ninety (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 昀椀nance 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 昀椀nd that we made a mistake on your bill, you will not have to pay any 昀椀nance 
charges related to any questioned amount. If we didn’t make a mistake, you may have 
to pay 昀椀nance 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 (10) 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 昀椀nally is.
If we don’t follow these rules, we can’t collect the 昀椀rst $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 (2) limitations on this right;

a) you must have made the purchase in your home state or, if not within
your home state, within one hundred (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.

2/20