Interest Rates and Interest Charges

Annual Percentage Rate 
(APR) for Purchases 
and Cash Advances

APR for Balance 
Transfers

How to Avoid Paying 
Interest on Purchases

For Credit Card Tips from 
the Consumer Financial 
Protection  Bureau

SECU Cash Back Visa® 
Card 11.74-24.00% when 
you open your account. After that, your 
APR will vary with the market based on 
Prime Rate. For additonal SECU Visa® 
Card rates, please visit secumd.org/visa. 
SECU Cash Back Visa® 
Card 11.74-24.00% when 
you open your account. After that, your 
APR will vary with the market based on 
Prime Rate. For additonal SECU Visa® 
Card rates, please visit secumd.org/visa. 

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. 

To learn more about factors to consider 
when applying for using a credit card, visit 
the website of the Consumer Financial 
Protection Bureau at www.consumerfi-
nance.gov/learnmore.

Fees

Annual Fee

Transaction Fees
•  Balance Transfer
•  Cash Advance
• 

Foreign Transaction

Penalty Fees
• 
Late Payment
•  Returned Payment

None

None 
None
None

Up to $25
Up to $15

How We Will Calculate Your Balance:  We use a method called “average daily balance 
(including new purchases)”.
Billing Rights:  Information on your rights to dispute transactions and how to exercise 
those rights is provided herein.

Variable APRs Based on Prime. The APR will be equal to the Prime Rate Plus an addi-
tional amount. If the Prime Rate increases, it will cause the APR to increase. If the Prime 
Rate decreases, it will cause the APR to decrease. For each Billing period we use the 
Prime Rate published in the Wall Street Journal on the last day of each calendar month 
of each year. If Prime Rate causes an APR to change, we put the new APR into effect 

as of the first day of the billing period for which we calculate the APR. We apply the new 
APR to any existing balances, subject to any promotional rate that may apply. If the Wall 
Street Journal does not publish the Prime Rate, we will use a similar published rate. The 
maximum APR will not exceed 24%.
APR for Purchases. It equals the prime rate plus 8.24%; plus 9.24%; plus 11.24%; plus 
14.24%; or plus 16.24% depending on your credit worthiness.
APR for Cash Advances plus Balance Transfers:  It equals the prime rate plus 8.24%; 
plus 9.24%; plus 11.24%; plus 14.24%; or plus 16.24% depending on your credit worthiness.

Effect of APR Increases: If an APR increases, interest charges increase. 
In  this  agreement,  the  words  “you”  and  “your”  mean  each  person  who  has  signed 
the  application  for  the  card.  “Card”  means  the  SECU  VISA  Platinum  Credit  Card, 
SECU  VISA  Platinum  ScoreCard™  Credit  Card,  or  the  SECU  VISA  Student  Cred-
it  Card,  as  the  case  may  be,  and  any  duplicates  and  renewals  we  issue.  “Account” 
means  your  VISA  Credit  Card  line  of  Credit  account  with  us.  “We”,  “us”  and 
“ours”  mean  State  Employees  Credit  Union  of  Maryland,  Incorporated  (SECU). 
1. RESPONSIBILITY: If we issue you a card, you agree to repay all debts and the FI-
NANCE CHARGE arising from the use of the card and the card account. For example, 
you are responsible for charges made by yourself, authorized users you designate, your 
spouse and minor children. You are also responsible for charges made by anyone else to 
whom you give the card and this responsibility continues until the card is recovered. You 
cannot disclaim responsibility by notifying us, but we will close the account for new trans-
actions if you so request in writing and return all cards. Your obligation to pay the account 
balance continues even though an agreement, divorce decree or other court judgment to 
which we are not a party may direct you or one of the other persons responsible to pay the 
account. Each of you who has signed the application is individually and jointly obligated 
for all payments due under this agreement. You agree to use the account only for personal, 
family, household or charitable purposes. You will not use this account for any illegal trans-
actions. Notice to any Account owner is considered notice to all Account owners
2.  LOST  CARD  NOTIFICATION:  If  you  believe  your  card,  convenience  checks 
and/or  Personal  Identification  Number  (PIN)  has  been  lost  or  stolen,  you  will  im-
mediately  call  us  at  410-487-7328  or  1-  800-879-7328,  Monday  through  Friday, 
8:00  a.m.  to  5:00  p.m.  During  evenings,  weekends  and  holidays,  call  1-800-299-9842. 
3. LIABILITY FOR UNAUTHORIZED USE: You understand that you may not be 
liable to SECU for any card transactions resulting from the loss, theft or other unauthorized 
use of the card that occurs prior to the time you notify SECU in accordance with Federal 
Law.
4. CREDIT LINE: If we approve your application, we will establish a self-replenishing 
line of credit for you and notify you of its amount when we issue the card. You agree not 
to let the account balance exceed this approved credit line. Each payment you make on the 
account will restore your credit line by the amount of the payment applied to the principal. 
You may request an increase in the amount of your credit line by written application or 
oral communication to us. It must be approved by our loan office. By giving you written 
notice, we may reduce your credit line from time to time, or with good cause, revoke your 
card and terminate this agreement. Good cause includes your failure to comply with the 
agreement, or our adverse reevaluation of your credit worthiness. You may also terminate 
this agreement at any time, but termination by either of us does not affect your obligation 
to pay the account balance. The cards remain our property and you must surrender all cards 
and convenience checks upon our request.
5. CREDIT INFORMATION: You authorize us to investigate your credit standing when 
opening, renewing or reviewing your account, and you authorize us to disclose informa-
tion regarding your account to credit bureaus and other creditors who inquire of us about 
your credit standing to the extent authorized in our bylaws.
6. MONTHLY PAYMENT: We will mail you a statement every month showing your 
previous balance of purchases and cash advances, the current transactions on your ac-
count, the remaining credit available under your credit line, the new balances of purchases 

and cash advances, the total new balance, the FINANCE CHARGE due to date 
and  the  minimum  payment  required.  Every  month  you  must  pay  at  least  the 
minimum payment within 25 days of your statement closing date. You may, of 
course, pay more frequently, pay more than the minimum payment required or 
pay the total new balance in full and you will reduce the FINANCE CHARGE 
by doing so. The minimum payment will be either:  (a) 2.5% of your total new 
balance or $20, whichever is greater; or (b) your total new balance if it is less 
than $20 plus any portion of the minimum payment shown on prior statements 
that remains unpaid. In addition, at any time your total new balance exceeds 
your credit line, you must immediately pay the excess upon our demand. We 
will apply your payments first to balances with the highest annual percentage 
rate and any remaining portion to other balances in descending order based on 
the applicable annual percentage rate. However, if you pay by check, the amount 
of your payment may not be applied to your available credit line for such period 
of time as we reasonably determine is necessary to ensure that your check is 
honored. We may also allow you to skip a payment. If we do, we will notify 
you in advance of this option. If you choose to skip a payment when offered, 
we will continue to assess FINANCE CHARGES. You agree to pay us in U.S. 
dollars drawn on funds on deposit in the United States using a payment check, 
similar instrument, or automatic debit that will be processed and honored by your 
financial institution. We reserve the right to accept payments made in foreign 
currency. If we do, we will select the currency conversion rate at our discretion. 
7. IRREGULAR PAYMENTS: We reserve the right to accept late payments or 
checks and money orders marked “payment in full” without any prejudice to our 
rights under this agreement. If a check is presented for payment before the date 
you write on the check or the check is not dated, we have the right to process the 
check for payment or return it unpaid. You will hold us harmless for any action 
in payment or non-payment of the check.
8. FINANCE CHARGES: 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. If you do not pay the total new 
balance for purchases by the due date, FINANCE CHARGES will be imposed 
on the unpaid purchase balance from the first date of the last billing cycle and on 
new purchases from the day they are posted to your account. For cash advances 
and balance transfers, FINANCE CHARGES will begin to accrue from the date 
of the transaction and continue to accrue until payment in full is credited to your 
account. We figure the FINANCE CHARGE on your account by applying the 
periodic rate to the “average daily balance” of your account (including current 
transactions). The APR and daily periodic rate are provided on your welcome 
letter, incorporated herein and made a part hereof.
To get the “average daily balance” for purchases we take the beginning balance 
of your account each day, add any new purchases, and subtract any payments 
or credits, and unpaid finance charges. This gives us the daily balance. Then, 
we add up all the daily balances for the billing cycle and divide the total by the 
number of days in the billing cycle. This gives us the “average daily balance.” 
To get the daily balance for cash advances, new cash advances are added to the 
day’s beginning balance and payments and credits are subtracted. Fees are not 
included in the calculation of the average daily balance. FINANCE CHARGES 
will continue to accrue on your account until what you owe under this Agree-
ment is paid in full.
9. FINANCE CHARGES: 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. If you do not pay the total new 
balance for purchases by the due date, FINANCE CHARGES will be imposed 
on the unpaid purchase balance from the first date of the last billing cycle and on 
new purchases from the day they are posted to your account. For cash advanc-

es and balance transfers, FINANCE CHARGES will begin to accrue 
from the date of the transaction and continue to accrue until payment 
in full is credited to your account. We figure the FINANCE CHARGE 
on your account by applying the periodic rate to the “average daily bal-
ance” of your account (including current transactions).
The APR and daily periodic rate are provided on your welcome letter, 
incorporated herein and made a part hereof.
To get the “average daily balance” for purchases we take the beginning 
balance of your account each day, add any new purchases, and subtract 
any payments or credits, and unpaid finance charges. This gives us the 
daily balance. Then, we add up all the daily balances for the billing 
cycle and divide the total by the number of days in the billing cycle. 
This gives us the “average daily balance.” To get the daily balance for 
cash advances, new cash advances are added to the day’s beginning 
balance and payments and credits are subtracted. Fees are not included 
in the calculation of the average daily balance. FINANCE CHARGES 
will continue to accrue on your account until what you owe under this 
Agreement is paid in full.
THE  CONDITIONS  UNDER  WHICH ANY  OTHER  CHARGES 
MAY BE IMPOSED: These charges will be added to your purchase balance.
    a. DISHONORED CHECK – A  fee of up to $15.00 may be im-
posed if payment is made with a check that is dishonored  
        on the second presentment.
    b. RESEARCH CHARGE PER ITEM – A $6.00 fee will be charged  
         to your account if you request a copy of a sale or cash advance draft     
         that is not part of a chargeback or fraud claim. This fee will also  
         apply to each statement request.
    c. ADDITIONAL CARDS – We will issue up to four (4) cards  
       at no cost. Rush requests are $25.00 per request.
11. DEFAULT: You will be in default if you fail to make a minimum 
payment  within  25  days  after  your  monthly  statement  closing  date. 
You will be in default if you break any promise you made or any se-
curity agreement made in connection with an advance. You will be in 
default if you die, file for bankruptcy, or become insolvent, that is, un-
able 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 update of credit information. You will also be in default 
if something happens that we believe may substantially reduce your 
ability to repay what you owe. When you are in default we can demand 
immediate payment of the entire amount you owe without giving you 
advance notice. You will also be required to pay our collection expens-
es, including court costs and an additional sum equal to 20% of the 
aggregate of the principal and interest due if your account is referred 
to an attorney at law or collection agency for collection. You autho-
rize us to submit payroll deduction requests, when available, from your 
wages, salary or pension to the State of Maryland or other employer 
agency  for  any  amounts  in  default  without  additional  authorization. 
12. DELAY IN ENFORCEMENT: We can delay enforcing any right 
under this agreement without losing that right or any other right.
13. SEVERABILITY: If any provision of this agreement is held inval-
id, all provisions that are severable from the invalid provision remain in effect.
14. ACCESSING THE ACCOUNT: To make a purchase or cash ad-
vance there are three alternatives. (a.) Present the card to a participating 
VISA® plan merchant, to us or to another financial institution. Then sign 
the sales or cash advance draft that has been imprinted or swiped with 
your card information. (b.) Complete the transaction by using your Per-

 
 
an 

are 

issued  with 

sonal Identification Number (PIN) in conjunction with the card in an Automated Teller 
Machine (ATM) or other type of electronic terminal that provides access to the VISA sys-
tem. (c.) Issue a convenience check for the payment of goods, services or cash. You will 
retain the copy of such slips furnished at the time of the transaction to verify the month-
ly statement. SECU may charge a reasonable fee for photocopies of slips you request. 
15.  CARD  RENEWAL:  Cards 
expira-
tion  date.  We  have  the  right  not  to  renew  your  card  for  any  reason. 
16. RETURNS AND ADJUSTMENTS: Merchants and others who honor the card 
may give credit for returns or adjustments and they will do so by sending us a credit 
which we will post to your account. If your credits and payments exceed what you owe 
us, we will hold and apply this credit balance against future purchases and cash advanc-
es, or if$1.00 or more, refund it on your written request or automatically after 6 months. 
17. FOREIGN TRANSACTIONS: Purchases and cash advances made in foreign 
countries and foreign currencies will be billed to you in U.S. dollars.  The exchange 
rate for transactions in foreign currency will be a rate selected by Visa from the range 
of rates available in wholesale currency markets for the applicable central processing 
date, which may vary from the rate Visa itself receives, or the government mandated 
rate in effect for the applicable central processing date.
18.  PLAN  MERCHANT  DISPUTES:  We  are  not  responsible  for  the  refus-
al of any plan merchant or financial institution to honor your card. We are subject 
to  claims  and  defenses  (other  than  tort  claims)  as  set  forth  herein  under,  “Spe-
cial  Rules  for  Credit  Card  Purchases.”  You  must  resolve  any  other  disputes  di-
rectly with the plan merchant. We may limit the dollar amount and/or the number 
of transactions which may be approved in one day. If we detect unusual or suspi-
cious activity on your account, we may temporarily suspend your credit privileges 
until we can verify the activity. We may approve transactions which cause the bal-
ance to exceed your credit line without waiving any of our rights to this Agreement. 
19. SECURITY INTEREST: Except for real estate loans, collateral securing other 
loans with SECU may also be used to secure this VISA account. If you have any other 
loans from SECU, or take out other loans with SECU in the future, collateral secur-
ing those other loans will also secure the obligations under this Agreement. However, 
unless you expressly agree otherwise, your household goods and dwelling will not 
secure your obligations under this Agreement even if SECU has or later acquires a 
security interest in the household goods or a mortgage on the dwelling.
You have given a Consensual Security Interest incorporated by reference herein, in 
your SECU Savings or Money Manager account, as security for any advances to you 
or on your behalf on any SECU VISA Credit Card, excepting those accounts that have 
an adverse tax consequence.
20. CASH ADVANCES: Cash advances can be obtained through an ATM, conve-
nience checks, SECU branches and other financial institutions. Upon your written 
direction or through SECU’s website, cash advances may be made against your 
VISA account and applied to any of your SECU share accounts, or other accounts 
in the same manner as if the cash advance were paid to you. Deposit of the cash 
advance to any of your SECU accounts obligates you to the repayment of the cash 
advance per this Agreement. 
21. BALANCE TRANSFER(S): Balance Transfers are treated as a cash advance. 
Finance charges for balance transfers will begin to accrue from date of the transac-
tion and continue to accrue until payment in full is credited to your account. Total 
value of transfer request(s) cannot exceed credit line and/or credit availability which-
ever is less. SECU sends either full or partial payment to your creditors in the order 
you list them. Allow at least 2 weeks from request date for processing of the balance 
transfer. Continue paying each creditor until the transfer appears as a credit. Do not 
transfer any disputed purchase or charge because you may lose dispute rights. 
22. EFFECT OF AGREEMENT: This agreement is the contract that 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. We may amend this agreement 

Credit Card Agreement  
and Account Opening Disclosures

from time to time by sending you the advance written notice required by Federal and 
State law. Your use of the card after the effective date of the amendment will indicate 
your agreement to the amendment. 
23. GOVERNING LAW: This agreement is governed by the Annotated Code of 
Maryland, Financial Institutions Article, Title 6 and the Annotated Code of Maryland, 
Commercial Law Article, Title 12, Subtitle 9 and applicable federal law or regulation. 
24. VISA STATEMENTS AND NOTICES: On a regular basis, you will receive a 
statement showing all transactions for this account during the period covered by the 
statement. Statements and notices will be mailed to you at the most recent address you 
have given SECU in writing. Notice to any one of you will be notice to all. 
25. How We Will Calculate Your Balance:  We use a method called “average daily 
balance (including new purchases)”.
Billing Rights:  Information on your rights to dispute transactions and how to exercise 
those rights is provided herein. 
26. COPY RECEIVED: By signing, using or accepting the SECU VISA card, you 
acknowledge receipt of this Agreement and agree to terms herein. 
27. STOP PAYMENT: If before a Balance Transfer or Convenience Check drawn on 
your Account has been honored, you notify us not to pay it, we will stop payment on the 
check. You must send us a written and signed stop payment order which states the number, 
payee, amount, and date of the check on which payment is to be stopped. We may disre-
gard any such order six months after our receipt unless you renew it in writing. 
28. CLOSING YOUR ACCOUNT: You can cancel or close your Account by writing to 
us at SECU, 971 Corporate Blvd., Linthicum, MD 21090. Your notice becomes effective 
within five days after we receive it. If you cancel your Account, you must pay everything 
you owe us, including any amounts owed but not yet billed to you if you wish to avoid 
paying a FINANCE CHARGE on the outstanding balance. If you do not pay us imme-
diately, outstanding balances will continue to accrue FINANCE CHARGES and other 
charges and be subject to the terms and conditions of this Agreement. You also agree to 
return your card(s) and any unused Transfer and/or Convenience Checks to us.
YOUR BILLING RIGHTS KEEP THIS NOTICE FOR FUTURE USE
This notice contains important information about your rights and responsibilities under the 
Fair Credit Billing Act.
NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR STATEMENT
If you think your VISA statement is wrong, or if you need more information about a 
transaction on your statement, write us on a separate sheet at SECU, 971 Corporate 
Blvd., Linthicum, MD 21090. Write to us as soon as possible. We must hear from you 
no later than 60 days after we sent you the first statement on which the error or problem 
appeared. You can telephone us at 410-487-7328 (Baltimore Metro Area) or (Toll Free) 
1-800-879-7328, 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 in question.  
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 state-
ment was correct. After we receive your letter, we cannot try to collect any amount you 
question and we cannot report you as delinquent. We can continue to send statements to 
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 the questioned amount 
while we are investigating, but you are still obligated to pay the parts of your statement that 
are not in question. If we find that we made a mistake on your statement, you will not have 
to pay any FINANCE CHARGES related to any questioned amount. If we didn’t make 
a mistake, you 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 (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 account. We must tell you the name of anyone we 
reported you to, and we must tell anyone we reported 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 statement was correct.  
SPECIAL RULES FOR CREDITCARD PURCHASES
If you have a problem with the quality of property or services that you 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 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 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.  
BUSINESS DAYS/HOURS
Business days are Monday through Friday from 8:00 a.m. to 6:00 p.m. and Satur-
day from 9:00 am to 1:00 pm.
TYPES OF AVAILABLE TRANSFERS AND LIMITS ON TRANSFERS
You may use your card to:  
   a. Pay for purchases at places that agreed to accept the card.
   b. Obtain cash advances from our ATMs or at any ATM displaying the VISA  
       logo in conjunction with your PIN.
    c. Obtain cash advances from any financial institution that has agreed to  
        accept the card. There is no limitation on the frequency of cash withdrawals  
        you may make from our ATMs except that:  
            a. You may not make any cash withdrawals that would result in an  
                outstanding account balance in excess of your credit limit; and
             b. You may only make a total of $300 in cash advance withdrawals per day  
                    with a minimum of $10.00.
CIRCUMSTANCES IN WHICH WE WILL DISCLOSE ACCOUNT 
INFORMATION TO THIRD PARTIES
We will disclose information to third parties about your account or transfers that 
you make:  
    a. When it is necessary for completing transfers, or
    b. To verify the existence and condition of your account for a third party,  
        such as a credit bureau or merchant, or
    c. To comply with government agency or court orders, or
    d. If you give us your written permission.
YOUR RIGHTS TO RECEIVE DOCUMENTATION OF TRANSACTIONS
     a. You can get a receipt at the time you make any cash    
         advance using one of our automated teller machines.
     b. You will get a monthly account statement unless there  
         are no transactions in that particular month and your  
         balance is zero.
     c. You may also receive a statement if there is an amendment to terms.