Navy Federal Credit Union® Credit Card Agreement and Disclosure

Interest Rates and Interest Charges

Variable Annual Percentage Rate (APR)1
Rates apply to purchases, balance transfers, 
and convenience checks.

Platinum - MasterCard® and Visa®

nRewards® - MasterCard and Visa

goRewards® - MasterCard and Visa

cashRewards - Visa

Visa Signature® Flagship Rewards

Cash Advance APR1

7.99% to 18.0%
8.99% to 18.0%
9.49% to 18.0%
9.65% to 18.0%
9.99% to 18.0%
This APR will vary with the market based on the Prime Rate.

2% above your Variable APR.
This APR will vary with the market based on the Prime Rate.

Penalty APR and When it Applies

18.0%

Paying Interest

This APR may apply to your account if you:
• Are over 60 days past due; or
• Make a payment that is returned and causes your account to be 

over 60 days past due.

How Long Will the Penalty APR Apply? If your APRs are increased
for either of these reasons, the Penalty APR will apply until you make six
consecutive minimum 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 if you pay your entire balance by the
due date each month. We will begin charging interest on Cash Advances,
Balance Transfers, and Convenience Checks on the transaction date.

Minimum Interest Charge

None

For Credit Card Tips from the Federal Reserve Board

To learn more about factors to consider when applying for or using a
credit card, visit the website of the Federal Reserve Board at:
http://www.federalreserve.gov/creditcard.

Fees

Annual Fees
• nRewards Visa and MasterCard, Platinum Visa and MasterCard, 

cashRewards Visa

• goRewards Visa and MasterCard2
• Visa Signature Flagship Rewards2

Transaction Fees
• ATM Cash Advance

• Foreign Transaction
   (Fee does not apply to Visa Signature Flagship Rewards)

Penalty Fees
• Late Payment3
• Returned Payment

• None

• $18.00
• $49.00 

• None if  performed  at  a  Navy  Federal  branch  or ATM.  Otherwise, 
$.50 per domestic transaction or $1.00 per overseas transaction.

• 0.80% of the transaction amount if in U.S. dollars. 1% of the

transaction amount if must convert to U.S. dollars.

• Up to $20.00
• Up to $20.00

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

•   Loss of Introductory APR: You may lose your Introductory APR if the Penalty APR applies to your account.

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

1    Variable Rate Information: Your APR may vary. Rates are determined and adjusted monthly, on the first business day, by adding a Margin to the highest Prime Rate
published in the Wall Street Journal on the first day of the previous month. The Margin is determined based on an evaluation of each member’s credit history. The Margin
will range from 4.74% to 14.74% based on product type.

2    Annual Fees: If you have been issued a Visa Signature Flagship Rewards card or goRewards card, you will be billed the annual membership fee. This charge will appear

on your first statement, and annually thereafter. Only one fee will be charged to your account regardless of the number of cards issued on the account.

3    Late Payment Fee: You will be required to pay a late payment fee of up to $20.00 if you do not pay at least the minimum payment by the payment due date on your

statement. Navy Federal may also assess the late payment fee every month thereafter that you are past due.

Other Fees: Convenience check stop range fee — $10.00. Convenience check stop payment — $6.50. Returned convenience check fee — $20.00.

Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies
maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Wisconsin Residents: Wisconsin law provides that any agreement, unilateral statement, or court decree relating to marital property may not adversely affect a creditor’s
interest, unless prior to the time credit is granted, the creditor is furnished a copy of the agreement, statement, or decree, or has actual knowledge of the adverse provision.

     © 2011 Navy Federal 
NFCU 573-CC (10-11) 

page 1 of 2

Preamble. As used in this Agreement, the words “you” and “your” mean each and every
person signing, using, or having a credit card account with Navy Federal Credit Union, 
referred to as “we,” “us," or “NFCU.” All correspondence to us relating to this Agreement
should be addressed to NFCU, PO Box 3501, Merrifield, VA 22119-3501. You may also call us
toll-free  in  the  U.S.  at  1-888-842-6328.  For  toll-free  numbers  when  overseas,  visit
navyfederal.org. Use 1-703-255-8837 for collect international calls. Information concerning
NFCU credit cards may also be obtained at navyfederal.org. Virginia law will be used to
interpret this Agreement unless federal law applies. 
1. This is Your Agreement with NFCU. Please read the Agreement carefully and keep
a copy for your records. It is a summary of terms that control the use of your credit card
account. By using your credit card, you agree to all of the terms of this Agreement.
2. Maximum Amount You May Owe NFCU. The maximum amount you may owe us
at any time is the amount of your assigned credit limit. You may not use your card if you
owe us more than your credit limit. If you exceed the credit limit, you must pay this amount
immediately. You may request a change to your credit limit by calling the telephone number
or writing to the address shown in the Preamble of this Agreement. We reserve the right to
determine your credit and/or cash line and may increase, decrease, or restrict it at any time
without notice.
3. Promise to Pay. You agree to pay us the amount of all purchases and cash advances
that you, your co-applicant, and/or authorized users make using your credit card or any other
access device provided. You also agree to pay the total of any interest charges and other
charges/fees due on your account according to the Agreement. If this is a joint account, the
co-applicant also promises to pay all amounts owed to us. If you allow another person to use
your credit card, you are responsible for paying for their purchases and cash advances also.
4. Savings Account Required. All applicants and co-applicants on a NFCU credit card
account must have an open savings account that carries a $5.00 minimum balance. If you
do not have a savings account, one will be opened for you. If your balance is less than
$5.00, your credit card may be charged with a purchase transaction to bring your balance
to the minimum.
5. Security Interest. For purposes of this section, the words “I” and “we”
mean each and every person signing, using, or having a credit card with NFCU.
I/We acknowledge and pledge to NFCU a statutory lien in my/our shares and
dividends on deposit in all joint and individual accounts and any monies held
by  NFCU  now  and  in  the  future  to  the  extent  of  any  loan  made  and  any 
charges payable. The statutory lien does not apply to shares in any Individual
Retirement Account. I/We acknowledge and pledge to NFCU a security interest
in the collateral securing loan(s) that I/we have with NFCU now and in the
future, including any type of change or increase; and any proceeds from the
sale of such collateral and of insurance thereon, not to exceed the unpaid
balance of the loan. This security interest in collateral securing other loans does
not apply to loan(s) on my/our primary residence.
6. Monthly Statements. We will deliver statements monthly to the last address on
record as long as there is activity on your account.
7. Payments. All payments made to us must be in U.S. dollars. Payments must be mailed
to NFCU, PO Box 3500, Merrifield, VA 22119-3500. Payments received by 5:00 pm at that
location will be credited the same day. In some cases, available credit may be delayed until
the  payment  is  verified.  Mailed  payments  to  your  credit  card  account  may  not  be
commingled with funds designated for credit to other NFCU accounts.
We will accept late or partial payments without forfeiting any of NFCU’s rights under this
Agreement. Payments that are marked “paid in full” and that are of an amount less than the
balance on the credit card account, or that are marked with any other restrictive endorsements,
should be sent to PO Box 3105, Merrifield, VA 22116, Attn. Credit Card Division.
8. Foreign Transactions.
• Visa®. All Visa purchases and cash advances will be billed to you in U.S. dollars. The
rate of exchange used for processing international transactions is a rate selected by
Visa from the range of rates available in wholesale currency markets for the applicable
central processing date, which rate may vary from the rate Visa itself receives, or the
government-mandated rate in effect for the applicable central processing date.
• MasterCard®. All MasterCard purchases and cash advances will be billed to you in
U.S. dollars. Currently the rate of exchange used is either a government-mandated rate
or a wholesale rate determined by MasterCard International for the processing cycle
in which the transaction is processed. This rate of exchange may differ from the rate
that would have been used on the purchase date or cardholder statement posting date.
9. How Much You Must Pay Us. Your monthly statement will tell you the total amount
that you owe us, the minimum payment that you must make, and your payment due date.
The minimum payment for credit card accounts will be the greater of (1) 2% of the new
balance or (2) $20.00. If the new balance of your account is less than $20.00, the minimum
payment will be the new balance.
You may pay the new balance in whole or in part at any time. We will not charge you a
penalty for paying more than the minimum payment. Paying ahead and skipping a payment
will not reduce your liability for interest charges in the month that you do not make a
payment. If your account has balances with different APRs, the minimum payment will be
allocated to the balance with the lowest APR before any payments are allocated to balances
with a higher APR. Any payment amount received in excess of the minimum payment will
be allocated to the balance with the highest APR and any remaining portion to the other
balances in descending order based on the APR.
10. Paying Interest. Your due date is at least 25 days after the close of each billing cycle.
We will not charge you interest on purchases if you pay your entire balance by the due
date each month. We will begin charging interest on Cash Advances, Balance Transfers, and
Convenience Checks on the transaction date.
11. How We Determine the Amount of Interest Charges. NFCU calculates interest
charges on your account by applying the periodic rate to the “average daily balance” of
your account, including current transactions. To calculate the “average daily balance,” we
take the beginning balance of your account each day, add any new purchases and cash
advances, and subtract any payments, credits, and unpaid interest charges. The resulting
total is the daily balance. We then add together all the daily balances for the billing cycle
and divide the total by the number of days in the billing cycle. This amount is your “average
daily balance.”
12. Ownership of Credit Card. Every card remains the property of NFCU. We have the
right to cancel your account at any time with or without written notice to you. You must
return the card if we ask you to do so. You cannot use the card after it has been canceled.
If a bankruptcy proceeding is commenced by or against you, your credit card(s) shall
automatically be canceled.
13. You May Cancel Your Account. You may cancel your credit card account with us at
any time by notifying us using the contact information in the Preamble of this Agreement.
For credit card accounts requested by telephone, you may cancel the account without being
charged any fees up until the time you use the account or make a payment on the account
after receiving a billing statement.
14. Cardholder Signature. Your card is not valid unless it is signed. Sign the back of
your card immediately upon its receipt.

15. Liability For Cardholder Negligence or Unauthorized Use. REPORT A LOST OR
STOLEN CARD IMMEDIATELY. You agree to accept responsibility for safeguarding all cards
and PINs issued to you and any other users. You also agree that NFCU may invalidate your
card(s) and PIN if unauthorized transactions occur. You will not be liable for unauthorized
transactions after you notify us by calling the telephone number in the Preamble of this
Agreement. You agree to assist us in the prosecution of persons for unauthorized use of
your card.
16. Consumer Reporting Agencies. NFCU may report information about your credit
card account to consumer reporting agencies. You authorize us to take any credit or
investigation  action,  including  requesting  a  consumer  credit  report  from  a  consumer
reporting agency, that we deem necessary in order to review any credit extended under
this Agreement, increase the credit line on this account, take collection action on this
account, or for any other legitimate purpose. If you ask, we will disclose whether we asked
for consumer reports about you and we will give you the name and address of the consumer
reporting agency contacted. You agree to provide us with any other names under which
you have been granted credit or that we should use to check your credit.
17. Default. If you violate any terms of this Agreement, fail to pay the amount due as
listed on your monthly statement, commence in bankruptcy proceedings, we determine
that there has been a substantial adverse effect on your ability to repay the debt incurred
on this account, or you become incapacitated or die, NFCU may, without notice or demand,
deny use of your credit line, cancel your credit card account, and/or declare due and payable
the unpaid portion of your balance, together with all costs relating to the collection of this
account, including but not limited to the outstanding balance, unassessed interest charges,
court costs, expenses, and attorney’s fees.
If you do not make your minimum payment by the due date and your account is over 60
days past due or you make a payment that is returned and causes your account to be over
60 days past due, your account will be considered in default. The Penalty APR will be applied
to any and all transactions and outstanding balances in your account, including Promotional
APRs and other balances effective at least 45 days after your account is considered in default.
If you are in default, you give NFCU permission to obtain your Active Duty/Reserve address.
You also authorize NFCU to contact and receive from any person, including but not limited
to  Commanding  Officer,  other  employer,  credit  grantor  or  landlord,  state  and  federal
agencies, or branches thereof and various department and commands of Department of
Defense any information which they deem necessary to cure or collect said default.
18. How We May Contact You. You expressly agree that to service your account or to
collect any amounts you may owe NFCU, we or authorized parties may call you and send
text messages to you. We may use pre-recorded/artificial voice messages or an automatic
dialing device to contact you at any telephone number associated with your account, including
mobile telephone numbers, all of which could result in charges to you. You also expressly
consent that we may send e-mail messages regarding your account to your e-mail address.
19. Use of Card for Illegal or Risky Transactions. It is your responsibility to comply
with all laws when using your NFCU credit card. You agree to hold us harmless for any
damages or other liability arising from a transaction initiated by you or your authorized
user for the purpose of conducting an illegal activity. We reserve the right to decline
authorization of transactions for activities we believe may violate law or pose significant
risk to us or our members.
20. Amendment of This Agreement. The Provisions of this Agreement are severable. If
any provision of this Agreement is held by a court of law to be invalid or unenforceable, the
rest of this Agreement will not be affected. NFCU may amend and change this Agreement,
including rates, by providing an advance written notice of the changes to you. However,
we may reduce charges, fees, and rates without sending you an advance notice. 
21. Your Billing Rights under the Fair Credit Billing Act. If you think your bill is wrong,
or if you need more information about a transaction on your bill, write to us at the address
listed on your bill as soon as possible. We must hear from you within 60 days after we sent
you the first bill on which the error or problem appeared. You may telephone us; doing so,
however, will not preserve your rights. In your letter, please provide us the following information:
Your name and account number and the dollar amount of the suspected error.
•
The nature of the error. Explain to us why you believe there is an error. If you need more
•
information, describe the item in question.

If you authorized us to pay your credit card bill automatically from your savings or checking account,
you can stop the payment on any amount you question. To stop the payment, you must contact us
at least three business days before the automatic payment is scheduled to occur.
Your Rights and Our Responsibilities After We Receive Your Written Notice. We
must acknowledge your letter within 30 days unless we have already corrected the error.
Within 90 days, we must either correct the error or explain to you why we believe the bill 
was correct.
After we receive your letter, we cannot try to collect any amount you question, nor can we
report you as delinquent. We can continue to bill you for the amount you question, including
interest charges, and we can apply any unpaid amount against your credit limit. You do not
have to pay any questioned amount during our investigation. You are still obligated,
however, to pay the parts of your bill that are not in question. 
If we find an error on your bill, you will not have to pay any interest charges related to that
amount. We will send you an amended statement of the amount you owe and the date it is due.
If you fail to pay the amount that we have determined you owe, we may report you to a
consumer reporting agency as delinquent. However, if you disagree with our findings and
write to us within ten days saying that you still refuse to pay, we must also report that you
have continued questions about your bill. We must tell you the name of anyone we reported
you to. We must also report when the matter has been settled.
Special Rule for Credit Card Purchases. If you have a problem with the quality of
property or services that you purchased with a credit card and you have tried in good faith
to correct the problem with the merchant, you may have the right not to pay the remaining
amount due on the property or services. There are two limitations on this right:
(a) You must have made the purchase in your home state or, if not within your home state,

within 100 miles of your current mailing address.

(b) The purchase price must have been more than $50.00. These limitations do not apply
if we own or operate the merchant, or if we mailed you the advertisement for the
property or services.

22. Notice Concerning Use of an Automatic Teller Machine (ATM). Be alert. Don’t
use the ATM if the lights are not in operation or you see suspicious activity. Take someone
with you if you must make a transaction at night. If you sense someone attempting to view
your transaction, cancel the transaction and leave. Remember to take your card, cash, and
receipt and put them away. Count your money only when you are safely away from the
ATM area. Immediately report all crimes to the operator of the ATM and to local law
enforcement officials.

page 2 of 2