REDSTONE FEDERAL CREDIT UNION 
Visa Platinum Account Opening Summary 

All of the below information is accurate as of 8/01/12, but may be subject to change after this date. 
For information regarding any such change, you should contact the Credit Union at 220 Wynn Drive, 
Huntsville, AL 35893 or call us at 256-837-6110 or 1-800-234-1234. 

Interest Rates and Interest Charges 
Annual Percentage Rate 
(APR) for Purchases 

8.00%  

APR for Balance Transfers 

This APR will vary with the market based on the Prime Rate plus a margin. 
8.00%  

APR for Cash Advances 

Penalty APR and When it 
Applies 

Paying Interest 

Minimum Interest Charge 
For Credit Card Tips from 
the Consumer Financial 
Protection Bureau 

Fees 
Annual Fee 
Transaction Fees 

-  Foreign Transaction 

Penalty Fees 

-  Late Payment 
-  Over-the-Credit Limit 
-  Returned Payment 

This APR will vary with the market based on the Prime Rate plus a margin. 
10.00%  
This APR will vary with the market based on the Prime Rate plus a margin. 
18.00% 

This APR may be applied to your account anytime you allow your account to 
become delinquent sixty-one (61) days. 

 How Long Will the Penalty APR Apply? If your APRs are increased for 
this reason, the Penalty APR will apply until you make the first 6 consecutive 
minimum monthly payments when due.  

Your due date is at least 25 days after the close of each billing cycle. We will 
not charge you interest on purchases or balance transfers if you pay your 
entire balance by the due date each month. We will begin charging interest 
on cash advances on the posting date. 
None 
To learn more about factors to consider when applying for or using a credit 
card, visit the website of the Consumer Financial Protection Bureau at 
http://www.consumerfinance.gov/learnmore.  

None 

Up to 1% of the converted transaction amount for each international 
multicurrency or single currency transaction. 

Up to $35.00 
Up to $35.00 
Up to $35.00 

How We Will Calculate Your Balance: We use a method called “average daily balance (including current 
purchases)”. See your account agreement for more details. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided 
in your account agreement. 

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Important Notice 
Regarding Your Visa Platinum Credit Card Account  

This notice is a part of the Visa Platinum Credit Card Account Agreement and contains important rate information about 
your Visa Platinum Credit Card Account. In this notice the words “you”, “your” and “yours” mean the Account Cardholder(s) and 
the words “we”, “us” and “our” mean Redstone Federal Credit Union, Huntsville, Alabama.  

Variable Annual Percentage Rates for Purchases, Balance Transfers, and Cash Advances as of August 1, 2012. For current rate 
information, please contact Redstone Federal Credit Union at 256-722-3480 or 1-800-234-1234 ext. 3480 or write to us at 220 Wynn 
Drive, Huntsville, Alabama 35893.   

The Annual Percentage Rate for Purchases, Balance Transfers, and Cash Advances is based upon the value of a “loan rate index” plus 
a margin, and is subject to change monthly (see below). The monthly periodic rates and the Annual Percentage Rates are variable rates 
that may change from time to time (increase or decrease) based on movements in the loan rate index, which is the US Prime Rate as 
published in the Wall Street Journal on the last business day of each month. The current index is the most recent index figure available 
as of the last business day of the calendar month just prior to the calendar month of this Agreement or current billing cycle. If more 
than one rate is published, we may choose the highest rate. The ANNUAL PERCENTAGE RATE shall not be adjusted higher than 
18% or the maximum Annual Percentage Rate permissible by law, whichever is less. An increase in the US Prime Rate will result in 
an increase in the amount of your Finance Charge, Minimum Periodic Payment, and Outstanding Balance.  

We calculate the variable Annual Percentage Rate for Purchases and Balance Transfers by adding 4.75% to the US Prime Rate. 
Currently, the ANNUAL PERCENTAGE RATE for Purchases and Balance Transfers is 8.00%, which corresponds to a monthly 
periodic rate of 0.6667%.  

We calculate the variable Annual Percentage Rate for Cash Advances by adding 6.75% to the US Prime Rate. Currently, the 
ANNUAL PERCENTAGE RATE for Cash Advances is 10.00%, which corresponds to a monthly periodic rate of 0.8333%. 

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REDSTONE FEDERAL CREDIT UNION 
VISA PLATINUM CREDIT CARD ACCOUNT AGREEMENT 
(“Agreement”) and Disclosure 
Under the Federal Truth-in-Lending Act 

This  Agreement  and  Disclosure  Statement  contains  the  terms  and  conditions  which  apply  to  my  VISA  PLATINUM  Credit  Card 
Account with Redstone Federal Credit Union. It also contains disclosures required by the Federal Truth-in-Lending Act. Please read 
all of this Agreement (front and back) because when you have accepted, signed or used your Card, or the Account, you have agreed to 
the  Terms  and  Conditions  of  this  Agreement.  In  this  Agreement  the  words  “you”,  “your”  and  “yours”  mean  the  Account 
Cardholder(s). The words “we”, “us” and “our” mean Redstone Federal Credit Union, Huntsville, Alabama. 

The following definitions apply to the terminology used in this Agreement and your monthly statement. 

Account–The  VISA  PLATINUM  Open-End  Credit  Card  Account  approved  by  us  for  your  use  which  is  subject  to  the  Terms  and 
Conditions of this Agreement. 

Annual Percentage Rate–The cost of your credit as a yearly rate. 

Balance  Transfer–The  process  by  which  you  can  move  a  charge  or  credit  card  or  loan  balance  from  one  card  or  account  to  your 
Account with us. 

Billing  Cycle–The  time  interval  between  your  regular  monthly  billing  statement  dates.  This  interval  is  considered  to  be  an  equal 
interval of time unless a billing date varies more than four (4) days from the regular date. 

Cash  Advances–Credit  extended  by  us  to  you  in  the  form  of  a  loan  made  when  you  present  the  Card  to  us  or  to  any  financial 
institution honoring the Card, or use of any other credit instrument, check, draft, device, overdraft coverage plan or automated teller 
machine we make available to you. 

Card–Any VISA PLATINUM Credit Card subject to this Agreement issued to you by us, or other single credit device being issued 
from time to time upon presentation to obtain money, property, labor, or services, on credit. “Card” is implied when you obtain credit 
by using your Account number without using the Card, such as fax, Internet, mail, or telephone orders. 

Cardholder–The  natural  person  to  whom  a  Card  is  issued  upon  the  request  or  application  of  that  natural  person  for  any  purpose, 
including consumer credit, business, commercial, or agricultural use, or a 
natural person who has agreed with us to pay obligations arising from the issuance of such a Credit Card to another person. 

Credit  Line  Check–Any  draft  we  make  available  to  you  for  the  purpose  of  drawing  it  against  the  Account.  Funds  in  payment  of 
Credit Line Checks are to be considered to be and subject to the same terms as Cash Advances. 

Closing Date–The date of the last date of a Billing Cycle. 

Credit Line–The maximum amount of credit available to you as set for the Account by us from time to time. 

Finance Charge–The cost of credit extended to you on the Account resulting from applying the Periodic Rate to the Average Daily 
Balance. 

New Balance–The Account balance outstanding on the Closing Date. 

Other  Charges–  Charges  to  your  Account  other  than  Finance  Charges,  Balance  Transfers,  Purchases,  or  Cash  Advances.  Other 
Charges are listed in part (d) of the Agreement. 

Periodic  Rate–The  percentage  rate  of  Finance  Charge  imposed  against  a  balance  for  a  period.  In  this  Agreement  a  “Monthly” 
Periodic Rate is used. 

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Previous Balance–The balance of the Account at the beginning of the Billing Cycle. (It is the same amount that was shown as “New 
Balance” on the Closing Date on the statement for the preceding Billing Cycle). 

Purchases–Extensions  of  credit  by  us  to  you  for  Balance  Transfers  and  Purchases  through  sellers  and  lessors  of  goods,  labor, 
insurance and/or services that honor your Card. 

User–The person(s) authorized by an  Account  Cardholder  to obtain credit under an  Account  whether  named in an application as a 
User, or otherwise. 

TERMS AND CONDITIONS (Including Federal Truth-in-Lending Disclosure). 

ASSIGNMENT OF SHARE ACCOUNTS/INSTRUMENTS AND/OR SECURITY AGREEMENT 

YOU  FURTHER  AGREE  AND  UNDERSTAND  THAT  BY  ACCEPTING,  SIGNING  OR  USING  THE  CARD  OR 
ACCOUNT, YOU ALSO GIVE US A SECURITY INTEREST IN ANY  SAVINGS, CHECKING, MONEY MARKET AND 
SHARE CERTIFICATES (EXCEPT  INDIVIDUAL RETIREMENT  ACCOUNTS AND  KEOGHS)  OF WHICH YOU ARE 
AN ACCOUNT OWNER TO PROTECT US IN THE EVENT YOUR ACCOUNT BECOMES DELINQUENT OR IN 
DEFAULT.  

Balance  Transfers, Purchases and Cash Advances. You can use the Card for Balance Transfers, Purchases, and  Cash  Advances.  
HOWEVER,  YOU  MAY  NOT  USE  THE  ACCOUNT  OR  ANY  ACCESS  DEVICE,  WHETHER  DESCRIBED  IN  THIS 
AGREEMENT  OR  ADDED  IN  THE  FUTURE,  FOR  ANY  ILLEGAL  OR  UNLAWFUL  TRANSACTION,  AND  WE  MAY 
DECLINE  TO  AUTHORIZE  ANY  TRANSACTION  THAT  WE  BELIEVE  POSES  AN  UNDUE  RISK  OF  ILLEGALITY  OR 
UNLAWFULNESS.  NOTWITHSTANDING THE FOREGOING, WE MAY COLLECT ON ANY DEBT ARISING OUT OF ANY 
ILLEGAL OR UNLAWFUL TRANSACTION. You will owe us for these amounts plus Other Charges and Finance Charges, if any.  
All sums due us are to be paid in United States Dollars. Any check or money order in payment of your Account must be drawn on a 
financial institution located in the United States or its possessions. 

Balance Transfers.  If you transfer a balance to your Account, the available credit on your Account will be reduced by the amount 
you  transfer.    Total  balances  may  not  exceed  your  available  credit  limit.  Transfers  are  posted  at  the  current  balance  transfer  rate.  
Promotional  rates  do  not  apply.    The  amount  will  show  up  on  your  initial  monthly  Account  statement.    Your  other  card(s)  or 
account(s) you transferred may not be closed even if you transfer the entire balance(s).  If you want to close an account(s), you must 
contact the other company directly.  It may take up to three weeks to set up your Account with us and post the balance transfer(s).  
Therefore,  you  may  need  to  make  payments  to  your  other  account(s)  to  keep  them  current  until  you  have  been  notified  that  the 
transfer(s)  is  complete.    We  reserve  the  right  to  decline  to  process  any  partial  or  full  balance  transfer  request.    Refinancing  of  any 
existing  Credit Union loan product is excluded from balance-transfer promotions.   At our option,  we  may charge a  fee for balance 
transfers. 

Monthly Statement. If you have an outstanding debit or new credit balance in excess of $1or if there is any Finance Charge imposed 
during a Billing Cycle we will send you a statement. You must pay us (or, if we elect, to any party to whom we transfer and assign 
your Account) according to the Terms and Conditions of this Agreement. A fee will be imposed for additional statement copies. 

(a)   A Statement of When Finance Charges Begin to Accrue. 

Balance Transfers, Foreign Currency Conversion Fees, and Purchases.  A Finance Charge in the form of a Foreign Currency 
Conversion Fee of up to 1% will apply to each international multicurrency transaction that is converted to U.S. dollars posted during a 
Billing Cycle and a Foreign Currency Conversion Fee of up to 1% will apply to each international single currency transaction not 
involving currency conversion posted during a Billing Cycle.  A Finance Charge in the form of a monthly periodic rate will be 
imposed on new transactions for Balance Transfers and Purchases.  However, if we receive your entire New Balance within twenty-
five (25) days (grace period) from the Closing Date on your first monthly statement on which those Balance Transfers or Purchases 
were posted to your Account, you pay no Finance Charge.  After the twenty-five (25) days (grace period), if the entire New Balance is 
not paid, the Finance Charge will accrue from the beginning of the Billing Cycle to the end of that same Billing Cycle.  

Cash Advances.  A Finance Charge in the form of a monthly periodic rate that will accrue from the date posted will be imposed on 
new transactions for Cash Advances. The Finance Charge will accrue until the Account is paid in full.  There is no time period within 
which to pay to avoid this Finance Charge. 

Note:  If  your  Account  is  subject  to  a  Finance  Charge,  then  the  more  that  you  pay  and  the  sooner  you  pay,  the  less  your  Finance 
Charge will be. 

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(b) The Method of Determining the Balance Upon Which a Finance Charge will be Imposed.  

We  figure  a  portion  of  the  Finance  Charge  by  applying  a  Foreign  Currency  Conversion  Fee  of  up  to  1%  to  each  international 
multicurrency transaction that is converted to U.S. dollars posted during a Billing Cycle and a Foreign Currency Conversion Fee of up 
to 1% to each international single currency transaction not involving currency conversion during a Billing Cycle.   

We figure a portion of the Finance Charge by applying a monthly periodic rate to each of the “Average Daily Balances” of Purchases 
(including current Purchases), Balance Transfers (including current Balance Transfers), and Cash Advances (including current Cash 
Advances) unless an Annual Percentage Rate adjustment occurs (see Annual Percentage Rate Adjustment). 

(i) 

(ii) 

(iii) 

To  get  the  “Average  Daily  Balance”  of  Purchases,  we  take  the  beginning  balance  attributable  to  Purchases  of  your 
Account each day, add any  new Purchases and subtract any payments or credits, unpaid Finance Charges, and  unpaid 
Other Charges. This gives us the daily balance for Purchases. Then, we add all these daily balances for the Billing Cycle 
together  and  divide  the  total  by  the  number  of  days  in  the  Billing  Cycle.  This  gives  the  “Average  Daily  Balance”  of 
Purchases. If the Previous Balance is paid in full during the first twenty-five (25) days of the Billing Cycle, the “Average 
Daily Balance” of Purchases will include new Purchases posted during the Billing Cycle only.  
To  get  the  “Average  Daily  Balance”  of  Balance  Transfers,  we  take  the  beginning  balance  attributable  to  Balance 
Transfers  of  your  Account  each  day,  add  any  new  Balance  Transfers  and  subtract  any  payments  or  credits,  unpaid 
Finance  Charges,  and  unpaid  Other  Charges.  This  gives  us  the  daily  balance  for  Balance  Transfers.  Then,  we  add  all 
these daily balances for the Billing Cycle together and divide the total by the number of days in the Billing Cycle. This 
gives the “Average Daily Balance” of Balance Transfers.  If the Previous Balance is paid in full during the first twenty-
five  (25)  days  of  the  Billing  Cycle,  the  “Average  Daily  Balance”  of  Balance  Transfers  will  include  new  Balance 
Transfers posted during the Billing Cycle only.  
To get the “Average Daily Balance” of Cash Advances, we take the beginning balance attributable to Cash Advances of 
your Account each day, add any new Cash Advances and subtract any payments or credits, and unpaid Finance Charges. 
This gives us the daily balance for Cash Advances. Then, we add all these daily balances (credit balances are excluded) 
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. 

Promotional Annual Percentage Rate for Balance Transfers, Purchases and Cash Advances.   At our option, from time to time, 
we  may  offer  a  promotional  Annual  Percentage  Rate  for  Balance  Transfers,  Purchases  and  Cash  Advances  that  may  apply  to  your 
Account subject to the terms and conditions of the offer.  The offer will be in effect for a specific time period, but no less than six (6) 
months.  After the time period stated in the offer expires, the current Annual Percentage Rate will apply to any existing balances in 
accordance with your Credit Card Disclosure Statement Terms and Conditions and Credit Card Account Agreement. 

Annual  Percentage  Rate  Adjustment.  An  Annual  Percentage  Rate  adjustment  event  will  occur  anytime  your  Account  becomes 
sixty-one (61) days delinquent.   We will change  your  ANNUAL PERCENTAGE RATE to a  fixed rate  of 18% (corresponds to a 
monthly periodic rate of 1.500%) on the first day of the Billing Cycle following the cycle that your Account was sixty-one (61) days 
past  due  and  after  providing  you  at  least  a  forty-five  (45)  day  advance  written  notice.    Then,  once  you  make  the  first  six  (6) 
consecutive minimum monthly payments when due, the Annual Percentage Rate will automatically decrease to the current APRs in 
effect at that time.  

(c) The Method of Determining the Amount of the Finance Charge. 

The Finance Charge imposed during a Billing Cycle will be determined by: 

(1)        Multiplying the Average Daily Balance of Purchases by a Monthly Periodic Rate (corresponds to the Annual  

                           Percentage Rate for Purchases – See “Important Notice” on the reverse side of the mailer containing your credit  
                           card(s) for specific rate information); 

(2)         Multiplying the Average Daily Balance of Balance Transfers by a Monthly Periodic Rate (corresponds to the Annual   
             Percentage Rate for Balance Transfers – See “Important Notice” on the reverse side of the mailer containing your  
             credit card(s) for specific rate information); 
(3)        Imposing a Foreign Currency Conversion Fee of up to 1% for each international multicurrency transaction that is  
            converted to U.S. dollars posted during a Billing Cycle and a Foreign Currency Conversion Fee of up to  
            1% for each international single currency transaction not involving currency conversion during a Billing Cycle;  

               (4)       Multiplying the Average Daily Balance of Cash Advances by a Monthly Periodic Rate (corresponds to the Annual  
                           Percentage Rate for Cash Advances – See “Important Notice” on the reverse side of the mailer containing your credit  
                          card(s) for specific rate information); 

(5)          Adding the results of (1), (2), (3), and (4) together. 

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(d) Other Charges.  Other Charges will be imposed on your Account as follows and will be included in the Purchases balance of your 
Account: 

(1) 

Late  Payment  Charge.  If  you  do  not  pay  a  Minimum  Payment  within  ten  (10)  days  after  the  Due  Date  of  the 
Billing Cycle within which it was first due, a single Late Payment Charge of up to the federally-mandated maximum 
amount of $35 may be imposed on your Account.  If your Account is late in subsequent Billing Cycles, additional 
late charges may apply for each applicable Billing Cycle that your Account is late. 

(2)          Over-the-Limit Fee. If you have Over-the-Credit-Limit Coverage and your New Balance exceeds your Credit Line  
                             on the Closing Date of the Billing Cycle, an Over-the-Limit Fee of up to the federally-mandated maximum amount   
                            of $35 may be imposed on your Account.  Only one fee may be imposed per Billing Cycle.  If your  
                            Account is over the limit in subsequent Billing Cycles, a fee may be imposed for three consecutive Billing Cycles  
                             for the same over-the-limit transaction. However, if another over-the-limit transaction occurs during either of the   
                            last two billing cycles, you may be subject to another fee. 

(3) 
(4) 

Insurance. Borrower’s insurance is available at your option on an Account Cardholder pay basis. 
State Documentary Tax. You may be assessed the actual state documentary tax on any Cash Advance that is made  

                           outside the State of Alabama.  

(5) 

Replacement Card Fee. If your Card is damaged or lost, a charge of $5 may be imposed on your Account for each   

                             replacement Card you request. 
               (6)         Document Copy Fee.  If you request a photographic or other documentary evidence of a slip (ticket/draft) regarding  
                             a Purchase, Cash Advance, or other transaction on your Account, a charge of $12 per copy will be imposed on your  
                            Account. 
               (7)         Statement Copy Fee.   If you request a copy of a statement or other miscellaneous item, a fee of $3 for each copy  
                            will be imposed on your Account. 

(8)          Credit Line Check Copy Fee.  If you request a copy of a Credit Line Check, a fee of $3 for each copy will be  
               imposed on your Account. 
(9)          Stop Payment Fee.  If you request a stop payment on a check, a fee of $25 for each stop payment will be imposed  
              on your Account. 
(10)        NonSufficient Fund (NSF) Charge.  A NSF charge of up to the federally-mandated maximum amount of $35 may  
              be imposed on your Account for each Credit Line Check, NSF check or share draft payment that is returned for  
              insufficient funds. 
(11)       Document Research Fee.  A $20 (per hour) research fee will be imposed on your Account for any Cardholder’s  
              request for research that exceeds one (1) hour of research time.   

               (12)       Credit Card Rush Order Fee.  If you request a rush on a Card you ordered, a fee of $60 for each rush order may be  
                             imposed on your Account.   

(e)  The  Minimum  Periodic  Payment  Required.    If  you  elect  not  to  pay  your  New  Balance  in  full,  a  payment  of  2.5%  of  the 
outstanding  balance  or  $25, whichever  is  greater,  must  be  made  by  you  within  twenty-five  (25)  days  after  the  Closing  Date  of  the 
Billing  Cycle  as  shown  on  your  statement.  You  will  pay  no  less  than  the  Minimum  Payment  as  indicated  on  your  statement  each 
month.  If  you  make  extra  or  larger  payments,  you  are  still  required  to  make  at  least  the  Minimum  Payment  each  month  that  your 
Account  has  a  balance  unless  you  have  received  written  permission  from  us  not  to  or  we  do  not  require  you  to  make  a  Minimum 
Payment during certain designated Billing Cycles (see Skip Payment Option below). 

In addition to the above, Minimum Payment will also include the amount of all past due payments or the amount by which the New 
Balance exceeds the Credit Line for the Account (whichever of those two amounts is the greater), and unpaid Late Payment Charges, 
but these additions are due immediately and are not subject to a Late Payment Charge. Disputed transactions are deducted from the 
New Balance before determining the Minimum Payment. You may pay your Account in full at any time. Credits, other than payments, 
to your Account will not be applied toward your Minimum Payment. 

(f) Skip Payment Option.  At our option, we may not require you to make a Minimum Payment during certain designated Billing 
Cycles.  If you do not make your Minimum Payment as provided for in this Agreement, you understand that we will continue to apply 
Finance Charges to your Account.  Beginning with the Billing Cycle following a skipped payment, you agree that all of the provisions 
of this Agreement shall apply. 

(g) Application of Payments.   Payments when paid during a Billing Cycle  will generally be applied to amounts outstanding at the 
time the payment is posted. Credits are generally applied to amounts outstanding at the time the credit is posted.  We reserve the right 
to  apply  required  minimum  payments  and  credits  in  any  manner  we  choose.    However,  we  will  apply  amounts  in  excess  of  the 

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required minimum payment first to the card balance bearing the highest rate of interest, and then to each successive balance  bearing 
the next highest rate of interest, until the payment is exhausted. 

(h)  Your  Liability  for  Unauthorized  Use  of  Your  Card.  You  may  be  liable  for  the  unauthorized  use  of  Your  Credit  Card  (See 
Liability  Provisions  Below).  You  must  notify  us  orally  or  in  writing,  of  the  loss,  theft  or  possible  unauthorized  use  of  the  Card. 
Contact us at Redstone Federal Credit Union, 220 Wynn Drive, Huntsville, AL 35893 or call us at 256-722-3480 or 1-800-234-1234 
ext. 3480 or after business hours at 1-800-241-7547.    

VISA Liability: 

You will have zero liability if your VISA Credit Card Account information is used fraudulently. The only transactions not covered are 
commercial card, ATM, or PIN-based transactions not processed by VISA. The Credit Union may increase the limit of your liability 
for unauthorized VISA transactions only if we reasonably determine, based on substantial evidence, that you were grossly negligent or 
fraudulent in the handling of your Account or Card. 

(i) Additional Provisions.  You also agree to all of the following: 

Ownership of Cards.  Any Card or other credit instrument or device which we supply to you is our property and must be returned to 
us or our agent immediately upon demand. If we ask, you will destroy the Card by cutting it in half, and will surrender it to us or our 
agent, mail it to us, or drop it off at any of our offices that we direct. 

Individual Liability. You agree to sign (and, if appropriate, have authorized user sign) in the space provided for authorized signatures 
on the Card before the Card is used. You as an Account Cardholder, will be liable for all credit obtained under an Account, whether 
obtained  by  you  or  by  a  User  of  the  Account.  If  there  is  more  than  one  Account  Cardholder  then  each  will  be  liable,  jointly  and 
severally, for all credit obtained under an Account, as well as all Finance and Other Charges provided for in this Agreement. 

Card Used by Others.  If you authorize another person to use a Card to obtain credit on your Account and entrust a Card to him or 
her for that purpose, you agree that such authorization shall continue in effect for as long as that person has the Card, that you will be 
liable for all charges to the  Account arising from  use of  the Card by  such person during that time, and, that  no revocation of such 
authorization by you will be effective or binding on us until you recover possession of the Card to our satisfaction. Misuse of a Card 
by an authorized User will not be considered to be unauthorized use. 

Credit Line. You will not use the Account to obtain credit in excess of the amount of the Credit Line available to you, unless you 
have  Over-the-Credit-Limit  Coverage.    You  must  affirmatively  agree  in  writing  to  have  this  coverage.  Over-the-Credit-Limit 
Coverage is available for up to 10% of your Credit Line. If you have this coverage and you go over your limit, an Over-the-Limit Fee 
may be imposed on your Account.  If you do not opt-in (agree) to the coverage, we will decline any transactions that cause you to go 
over your Credit Line.  Even if you have Over-the-Credit-Limit Coverage, in some cases, we may still decline a transaction that would 
cause you to go over your line, such as if you are past due or significantly over your Credit Line. Your Credit Line will be shown on 
the Card mailing form that accompanies your Card and on each monthly statement. If we agree in writing to temporarily allow you to 
exceed your Credit Line, you agree to repay the excess amount according to the terms of this Agreement. We can increase or decrease 
your Credit Line at our discretion. Cash Advances obtained through an automated teller machine are limited to a maximum of $500 
per  day.  Individual  transaction  limits  cannot  exceed  $500  (individual  institutions  set  machine  transaction  limits  which  may  be  less 
than $500). 

Transactions.  You  will  retain  for  statement  verification  your  copy  of  each  slip  (ticket/draft)  resulting  from  each  Purchase,  Cash 
Advance, and other transactions on your Account.   Upon your reasonable request or  proper written notice of a billing error, we will 
provide you with a photographic or other documentary evidence of each transaction for a fee.   

Termination. Either you or we may terminate or suspend your credit privileges under this Agreement at any time upon written notice. 
The provisions of this Agreement shall otherwise remain in full force and effect  until you pay all sums due us. To terminate credit 
availability on the Account send your request to us in writing. 

Transfer of Account. You cannot transfer an Account to any other person. 

Honoring  of  Card.    We  will  not  be  responsible  for  and  shall  have  no  liability  for  the  failure  or  refusal  of  a  merchant,  a  financial 
institution, an ATM, or any third party to honor the Card or any other credit 
instrument or device we supply to you. Although you may have credit available, we will not be liable for failure to authorize credit for 
a  particular  transaction  due  to  operational  difficulties  or  mistakes.  Transactions  made  above  a  certain  dollar  amount  may  require 
authorization  by  us  before  the  transaction  is  approved.  The  number  and  amount  of  transactions  you  make  in  one  (1)  day  may  be 
limited since we may limit the number of authorizations which may be given. These restrictions are for security reasons. As a result, 

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we  cannot  explain  the  details  of  how  our  authorization  system  works.  Neither  we  nor  our  agents  will  be  responsible  or  have  any 
liability  if  authorization  for  a  transaction  is  not  given.  If  your  Account  is  over-the-limit  or  delinquent,  authorization  of  credit  for 
transactions may be declined. 

Refunds.  If a seller agrees to give you a refund or adjustment you will accept a credit slip for your Account in lieu of a cash refund. If 
your credits and payments exceed what you owe us, we will hold and apply this credit balance against Purchases and Cash Advances, 
unless it is $1or more. If it is $1or more, we will refund it upon written request or, after six (6) months, automatically, if your current 
location is known to us and it can be traced through your last known address or telephone number. 

Change of Address, Employment and Telephone.  You will advise us promptly if you change your employment, telephone number, 
or mailing address. We can accept address corrections received from the U.S. Postal Service or consumer reporting agencies if you fail 
to give us proper notice. However, if we receive a notice of a change of address from the U.S. Postal Service regarding your address, 
and, within at least thirty (30) days, a request for an additional or replacement Card, we will not issue the Card unless we can validate 
your address.  All written notices and statements by us to you will be sent to your address as it appears on our records. 

Credit Reports. You authorize us to make or have made any employment and investigative credit inquiries as we deem appropriate 
for the extension of credit or collection of amounts owing on the Account. We can furnish information concerning your Account or 
credit file to consumer reporting agencies and others who may properly receive that information. 

Irregular Payments.  We can accept late payments or partial payments, or checks  and money orders marked “payment in full”, or 
similar words, without losing any of our rights under this Agreement. Payments must not be made by postdated check (shows a future 
date). If we receive payment by a postdated check, we may clear the check and we shall have no liability if the check is posted to the 
deposit account prior to the date which appears on the check. 

Credit  Line  Checks.    At  our  option  we  may  supply  you  with  Credit  Line  Checks  which  are  printed  with  your  name  and  Account 
number. They are subject to the following conditions: 
(a) Only the person whose name is printed on a Credit Line Check may sign it; (b) All Credit Line Checks must be written in U.S. 
dollars; (c) Payment of a Credit Line Check will be considered as Cash Advances on your Account. If you use a Credit Line Check to 
make a purchase, finance charges will accrue from the day the Credit Line Check posts to your Account until the day the balance of 
the Credit Line Check is paid in full.  Credit Line Checks are not covered under Visa’s dispute rules; (d) You may not use a Credit 
Line Check to make payments on your Account or any other Credit Union account or use a Credit Line Check to refinance 
any existing Credit Union loan product; (e) You agree that Credit Line Checks paid on your Account will not be returned to you; (f) 
You  may  obtain  copies  of  Credit  Line  Checks  upon  your  reasonable  request.  However,  a  fee  per  Credit  Line  Check  copy  will  be 
imposed. (g) We are authorized to pay any  Credit Line Check drawn on the  Account even though the signature on the Credit Line 
Check does not correspond exactly with your signature on our records; but we are not obligated to pay any Credit Line Check on the 
Account  unless  the  signature  corresponds  exactly  to  the  signature;  (h)  If  a  Credit  Line  Check  drawn  by  you  is  presented  to  us  for 
payment and the amount of the Credit Line Check would cause the Account balance to exceed your established Credit Line, then  we, 
at our sole discretion, can either pay the Credit Line Check or return it. If we pay the Credit Line Check, the amount in excess of your 
Credit Line is due immediately. We can return your Credit Line Check if your Account is in default. If we dishonor and return the 
Credit Line Check, we will not be liable for non-payment.  You will be charged a fee for each NSF (NonSufficient Fund) Credit Line 
Check and NSF check or share draft payment; (i) To stop payment on a Credit Line Check, your Credit Card Account must be closed.  
A new Account will be opened and a new Credit Card number will be issued.  If you stop payment on a Credit Line Check, your order 
must be received at such time and in such manner as to afford us a reasonable opportunity to act on it prior to any action by us with 
respect to the Credit Line Check.  However, we will not be liable for the payment or non-payment of any Credit Line Check. An oral 
order  of  stop  payment  is  binding  upon  us  for  only  fourteen  (14)  calendar  days  unless  confirmed  in  writing  within  that  period.  A 
written order of stop payment is effective for only six (6) months unless renewed in writing. A stop payment fee will be accessed to 
your Account for each stop payment order; and (j) You agree not to write a postdated Credit Line Check (shows a future date)  on the 
Account and we may pay a Credit Line Check notwithstanding the postdate. We may pay Credit Line Checks dated more than six (6) 
months prior to the date of presentment. We will not certify a Credit Line Check. 

Default.  You will be in default of this Agreement if (1) you do not make at least a Minimum Payment on or before Payment Due 
Date, (2) you try to exceed or do exceed your Credit Line without our permission, (3) you become subject to bankruptcy or insolvency 
proceedings, (4) attachment or garnishment proceedings are instituted against you or your property, (5) we reasonably deem ourselves 
insecure,  (6)  you  provide  us  with  false  information  or  signature,  (7)  you  die,  or  (8)  you  fail  to  comply  with  any  provision  of  this 
Agreement. Acceptance of a payment or Late Payment Charge after a Payment Due Date or after you have exceeded your Credit Line 
does not waive the default. Default on the Account or other obligations that you have with us will constitute default on all  accounts 
with us. If you are in default we may, at our option, declare the entire balance due immediately without notice or demand. You must 
pay  all  costs,  disbursements  and  reasonable  attorney’s  fees  (if  the  unpaid  balance  exceeds  $300  and  the  Account  is  referred  after 
default  to  an  attorney  not  a  salaried  employee  of  ours)  incurred  by  us  in  legal  proceedings  to  collect  and  enforce  the  debt  on  this 
Account in the event of delinquency by you or in event of a breach of any obligation by you under this Agreement. 

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Collection.    If  your  Account  should  become  past  due,  or  otherwise  in  default,  you  will  accept  telephone  calls  from  us  regarding 
collection of your Account. You understand that the calls may be automatically dialed and a recorded message may be played. You 
agree that such calls shall not be “unsolicited” calls for the purpose of state or federal law.  

Security.   You understand that the collateral securing your other loans with us may also secure this loan, except for your principal 
dwelling and household goods. 

Delay in Enforcement.  We can delay enforcing our rights under this Agreement without losing them. 

Amendment  and  Assignment.    Upon  at  least  a  forty-five  (45)  day  prior  written  notice  mailed  to  you,  significant  changes  to  an 
account term or an increase in the required minimum periodic payment set forth in this Agreement may be amended by us at any time, 
which amendments shall  govern any transaction occurring prior to the effective date  of such amendments, as to  which there is  any 
unpaid  balance  owing  to  us  on  the  effective  date  of  such  amendments,  and  such  amendments  shall  also  govern  any  transaction 
occurring after such effective date.  Account terms refer to Annual Percentage Rates, fees for issuance or availability, fixed finance 
charges  or  minimum  interest  charges,  transaction  charges,  grace  period,  balance  computation  methods,  cash  advance  fees,  late 
payment  fees,  over-the-limit  fees,  balance  transfer  fees,  returned-payment  fees,  and  required  insurance,  debt  cancellation,  or  debt 
suspension coverage, if applicable to your Account.  Amendments involving increased Annual Percentage Rates, fees, or charges will 
not  apply  to  new  Accounts  for  the  first  year,  unless  the  Account  is  more  than  sixty  (60)  days  delinquent.  We  will  not  apply  an 
increased Annual Percentage Rate, fee, or charge to transactions that occur prior to or within  fourteen (14) days after provision of the 
notice. The date of the transaction determines when the transaction occurred.   

Upon receipt of the notice,  you have the right  to opt out (reject) of the amendments prior to the effective date.  We  will apply the 
changed term(s) to any transactions made more than fourteen (14) days after notification, even if you have made an opt-out request. 
The date of the transaction determines when the transaction occurred.  Your opt-out right is not waived by using the Account prior to 
the effective date and use of the Account within fourteen (14) days of the effective date does not constitute acceptance of the change 
in terms.  However, your right to opt out is forfeited if you are more than sixty (60) days past due. You have  the option to (i) close 
your Account by phoning us at 256-722-3480 or 1-800-234-1234 ext. 3480 whereupon you shall have the right to continue to pay off 
the Account in the same manner and under the same Terms and Conditions as then in effect.  If you opt out,  your Account will be 
closed and your ability to use the Account for further advances will be terminated; or (ii) take no action and allow at least the forty-
five (45) day period to elapse, or use your Card or Account more than fourteen (14) days after the effective date, either of which shall 
constitute your consent to the amendment(s).  If you have not received your Card for your Account and you obtain new extensions of 
credit on your Account after the required notice period, the same requirements in this section apply.  We have the right to assign and 
transfer our rights under this Agreement and any amounts you owe us; and the terms “we”, “us” or “our” shall be deemed to include 
each and every immediate and successive assignee. 

International Transactions/Foreign Exchange/Currency Conversion.  A VISA International Service Assessment (ISA) fee will be 
charged on all international transactions regardless of whether there is a currency conversion. An international transaction  is defined 
as  a  transaction  where  the  card  issuer’s  country  is  different  than  the  merchant’s  country;  therefore,  a  transaction  over  the  Internet 
could  qualify  as  an  international  transaction.    If  you  use  your  Card  for  international  transactions  that  do  not  involve  currency 
conversion (single currency transaction) an ISA fee of up to 1% of the transaction will be charged. This fee will be charged for every 
international single currency transaction. If you use your Card for international transactions in a currency other than U.S.  dollars, the 
transactions  will  be  converted  to  U.S.  dollars  (multicurrency  transaction)  and  an  ISA  fee  of  up  to  1%  of  the  transaction  will  be 
charged. This fee will be charged for every international multicurrency transaction. The transactions will generally be converted using 
either a (i) government-mandated rate or (ii) wholesale market rate in effect the day before the transaction processing date, increased 
by the applicable  fee.  If a credit is  subsequently  given for either a  single or  multicurrency transaction, it  will be decreased by the 
applicable  fee.    These  fees  will  post  as  a  separate  item  on  your  Account.  For  converted  transactions,  if  the  credit  has  a  different 
processing  date,  than  the  exchange  rate  of  the  credit,  it  can  be  greater/less  than  that  of  the  original  transaction.  The  currency 
conversion rate on the day before the transaction processing date may differ from the rate in effect at the time of the transaction or on 
the date the transaction is posted on your Account. You agree to accept the converted amount in U.S. dollars. 

Severability.    If  any  provision  of  this  Agreement  is  held  invalid  all  valid  provisions  that  are  severable  from  the  invalid  provision 
remain in effect. 

Captions and Catchlines for Reference Only. Captions and catchlines are intended solely as aids to convenient reference, and no 
inference as to intent with respect to this Agreement may be drawn from them.    

Governing Law.  This Agreement is governed by Federal laws and the laws of Alabama as they each apply.  

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YOUR BILLING RIGHTS 

Your Billing Rights: Keep This Document For Future Use 

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: 

Redstone Federal Credit Union 
220 Wynn Drive 
Huntsville, Alabama 35893 

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 bill, describe what you believe is wrong and why you believe it is a 
mistake. 

You must contact us: 

• Within sixty (60) days after the error appeared on your statement. 

• At least three (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. 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  thirty  (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 ninety (90) days of receiving your letter, we must either correct the error or explain to you why we believe the bill 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 responsible for the remainder of your balance. 

• We can apply any unpaid amount against your credit limit. 

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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 bill is wrong, you must write to us within  ten (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 bill. We must tell 
you the name of anyone to whom we 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 one hundred (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 at: 

Redstone Federal Credit Union 
220 Wynn Drive 
Huntsville, Alabama 35893 

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.    

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