CREDIT CARD AGREEMENT AND DISCLOSURE STATEMENT 
FOR YOUR MASTERCARD® ACCOUNT 

Notice: Read and retain this copy of your Credit Card Agreement and Disclosure Statement for future reference. 

TERMS USED IN THIS AGREEMENT: This Agreement and Disclosure Statement (“Agreement”) covers your 
MasterCard® Account (“Account”). In this Agreement “You” and ‘Your” mean any person who signs this Agreement or 
uses the Card. “We,” “our,” and “us” mean Texas Dow Employees Credit Union, the issuer of your MasterCard. The 
“Card” means any credit card issued to you or those designated by you under the terms of this Agreement. “Use of the 
Card” means any procedure used by you, or someone authorized by you, to make a purchase or an advance whether or not 
the purchase or advance is evidenced by a signed written document. “Unauthorized use of the Card” means the use of the 
Card by someone other than you who does not have actual, implied, or apparent authority for such use, and from which 
you receive no benefit. In this Agreement, any plural terms shall be deemed singular and any singular terms shall be 
deemed plural when context and construction so require. 

 CONSENSUAL SECURITY INTEREST: You agree to give the Credit Union a security interest in any and 
all funds on deposit in accounts in which you have an ownership interest, both now and in the future, with the 
exception of retirement accounts or any other accounts that would lose special tax treatment under state or 
federal law if given as security. The granting of this security interest is a condition for the issuance of any Card 
that you may use, directly and indirectly, to obtain extensions of credit under this Agreement. This means that, if 
you are in default, the Credit Union can, without prior notice to you, take funds from any eligible account(s) in 
which you have an ownership interest and apply them as a credit against your credit card Account in any amount 
available up to the entire balance. Collateral securing other loans you have with the Credit Union may also 
secure this loan. 

EXTENSION OF CREDIT: The Credit Union has established a MasterCard Account in your name and one or more 
Cards will be issued to you or to those designated by you. By use of the Card or the Account you authorize the Credit 
Union to pay for your Account all items reflecting credit purchases and cash advances (including balance transfers). 

JOINT  APPLICANT  LIABILITY:  If  more  than  one  person  signs  the  application,  each  of  you  shall  be  jointly  and 
individually liable to us for all charges made to the Account, including applicable fees. In addition, you agree that each of 
you designates the other as agent  for the purpose of  making purchases extended under  this  Agreement and each use  of 
your Account shall be an extension of credit to all. Notice to one of you shall constitute notice to all. Any cardholder may 
close the Account at any time by notifying us in writing. However, removal from the Account does not release you from 
any liability already incurred. 

CARD  SIGNATURE  PANEL:  Upon  receipt  of  your  new  or  reissued  Card,  you  must  sign  the  signature  panel  on  the 
back of the Card. If the signature panel is not signed, merchants are not required to accept your Card. 

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

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LIABILITY FOR UNAUTHORIZED USE: You may be liable for the unauthorized use of your Card. If you notice the 
loss or theft of your Card or a possible unauthorized use of your Card, you should call us immediately at: 

You may also write us at:  

(877) 404-1009 

Vantiv 
P O Box 815909 
Dallas, Texas 75381-5909 

Although you may write to notify us of unauthorized use, calling us immediately at the telephone number above is the 
best way to keep your possible losses down. 

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

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

CREDIT LIMITS: The Credit Union will establish a line of credit for you and notify you of its amount when the Card is 
sent to you. You promise that payments we make for your Account resulting from use of the Card will at no time cause 
the outstanding balance of your Account to exceed your credit limit as established by us or as adjusted from time to time 
at our discretion. Notwithstanding the foregoing, in our discretion we may choose to approve a transaction you have 
requested that would cause you to exceed your approved credit limit and you will be responsible for such transactions. 
Each payment you make on the Account will restore your credit limit by that amount of the payment which is applied to 
the principal balance of purchases and cash advances. The Credit union has the right to reduce or terminate your credit 
limit at any time. 

PROMISE TO PAY: You promise to pay us in U.S. dollars for (a) all purchases, cash advances, and balance transfers 
made by you or anyone whom you authorize to use the Card or Account; (b) INTEREST CHARGES and other charges 
or fees; (c) collection costs and attorney’s fees as permitted by applicable law, and any costs incurred in the recovery of 
the Card; and (d) credit in excess of your credit limit that we may extend to you. At the end of each monthly billing cycle 
for which you have a balance on your Account, you will be furnished with a periodic statement showing (i) the “Previous 
Balance”  (the  outstanding  balance  in  the  Account  at  the  beginning  of  the  billing  cycle),  (ii)  the  amount  of  all  cash 
advances, purchases, balance transfers, late charges, INTEREST CHARGES, and other charges or fees posted to your 
Account during the billing cycle, (iii) the amount of all payments and credits posted to your Account during the billing 
cycle, and (iv) the “New Balance” which is the sum of (i) and (ii) minus (iii). 

You agree to pay on or before the “Payment Due Date” shown on the monthly periodic statement the entire new balance 
or a minimum payment equal to 2% of the new balance or $18, whichever is greater, plus any amount in excess of the 
credit limit established by us. If the new balance is $18 or less, you agree to pay it in full. You may make extra payments 
in advance of the due date without a penalty, and you may repay any funds advanced, credit extended, or amount 
outstanding at any time without a penalty for early payment. Regardless of the amount of any extra payment during a 
given month, a monthly payment will be required the following month if a balance remains on your Account. 

CREDIT INSURANCE: Credit insurance is not required for any extension of credit under the Agreement. However, if 
available, you may purchase credit insurance through the Credit Union and have the premium added to the outstanding 

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balance in your Account. If you elect to do so, you will be given the necessary disclosures and documents separately. 
Credit insurance is not available for TDECU Business Accounts. 

TERMINATION OR CHANGES: The Credit Union may add to, delete, or change the terms of this Agreement from 
time to time. Notice of any change will be given in accordance with applicable law. If permitted by law and specified in 
the notice to you, the change will apply to your existing Account balance as well as to future transactions. Either you or 
the Credit Union may terminate this Agreement at any time, but termination by you or the Credit Union will not affect 
your  obligation  to  pay  the  Account  balance  plus  any  INTEREST  CHARGES  and  other  charges  you  owe  under  this 
Agreement. You are also responsible for all transactions made to your Account after termination, unless the transactions 
were unauthorized. The Cards and convenience checks you receive remain the property of the Credit Union and you must 
surrender  to  the  Credit  Union  all  Cards  and  convenience  checks  upon  request  or  upon  termination  of  this  Agreement 
whether by you or the Credit Union. 

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

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

COST OF CREDIT: You will pay an INTEREST CHARGE for all advances made against your Account. If your 
Account features an Introductory Rate, you will pay an Introductory Rate for all advances made against your Account at 
the Daily Periodic Rate and corresponding ANNUAL PERCENTAGE RATE (“APR”) set forth in the Additional 
Disclosure attached and incorporated into this Agreement. Any Introductory Rate applicable to your Account will apply 
for the time period as set forth in the Additional Disclosure. After any Introductory Rate period, or if an Introductory Rate 
does not apply to your Account, the Standard Rate periodic rate for your Account will range from .0218904% per day to 
.0492877% per day, which corresponds to an ANNUAL PERCENTAGE RATE which ranges from 7.99% to 17.99%. 
Your precise Standard Rate will be determined by review of your credit report and based on your creditworthiness and is 
disclosed in the Additional Disclosure. In addition, after your Account is opened, we may review your credit report 
periodically from time to time at our discretion and adjust your Standard Rate within the ranges above according to your 
credit score. You will be notified no less than 45 days prior to any rate change. Cash advances (including balance 
transfers) incur an INTEREST CHARGE from the date they are posted to the Account. If you have paid your Account in 
full by the due date shown on the previous monthly statement, or there is no previous balance, you have not less than 25 
days to repay your Account balance before an INTEREST CHARGE on the current purchases will be imposed. If you 
have not paid your Account in full by the due date shown on the previous monthly statement, you have no grace period in 
which to repay your Account balance before an INTEREST CHARGE on current purchases will be imposed, and such 
INTEREST CHARGE will begin on the date such purchases are posted to your Account. No additional INTEREST 
CHARGE will be incurred whenever you pay the Account in full by the Payment Due Date shown on your monthly 
periodic statement. 

The INTEREST CHARGE is figured by applying the periodic rate to the “balance subject to INTEREST CHARGE,” 
which is the “average daily balance” of your Account, including certain current transactions. The “average daily balance” 
is  arrived  at  by  taking  the  beginning  balance  of  your  Account  each  day  and  adding  any  new  cash  advances  (including 
balance transfers), and, unless you pay your Account in full by the due date shown on your previous monthly statement or 
there is no previous balance, adding in new purchases, and subtracting any payments or credits and unpaid INTEREST 
CHARGES. The daily balances for the billing cycle are then added together and divided by the number of days in the 
billing  cycle.  The  result  is  the  “average  daily  balance.”  The  INTEREST  CHARGE  is  determined  by  multiplying  the 
“average  daily  balance”  by  the  number  of  days  in  the  billing  cycle  and  applying  the  periodic  rate  to  the  product.  The 
INTEREST CHARGE for certain categories of transactions subject to an introductory rate or a promotional rate may be 
separately calculated for those category balances. You may pay any amounts outstanding at any time without penalty for 
early payment. 

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ACCOUNTS WITH DIFFERENT APRS: Payments made in excess of the required minimum payment will be applied 
to the balance with the highest APR before any such excess payments are applied to balances with lower APRs. 

CASH ADVANCE FEE: We will not charge you a Cash Advance Fee.  If an advance is made by another institution, the 
other institution may impose a fee. If you obtain a cash advance by using an automated teller machine (ATM), any fee 
imposed upon the Credit Union by the owner or operator of the machine may be passed on to you. Any charge made 
under this paragraph will be added to the balance of your Account and treated as a cash advance. 

ANNUAL FEE: You will not be charged an annual fee for the issuance or use of the Card. 

LATE CHARGE: If we do not receive your required minimum payment within 10 days of the payment due date, you 
will be charged a late fee as set forth in the Additional Disclosure. 

RETURNED  PAYMENT  FEE:  We  will  charge  you  a  Returned  Check  Fee  each  time  you  send  us  a  payment  that  is 
returned unpaid for any reason. We will charge you this fee each time any payment is returned unpaid, even if it is paid 
upon resubmission. The amount of the Returned Check Fee is set forth in the Additional Disclosure. 

OVER-THE-CREDIT-LIMIT FEE:  You will not be charged an Over the Credit Limit Fee when using your Card. 

BALANCE TRANSFER FEE:  You will not be charged a Balance Transfer Fee. 

TELEPHONE PAYMENT THROUGH TDECU: If you make a telephone request to make a payment within 24 hours 
of payment due date, we will charge a Telephone Payment fee as set forth in the Additional Disclosure. 

CREDITING OF PAYMENTS: All payments made on your Account at (i) the address designated for payment on the 
monthly periodic statement, (ii) through the gotomycard.com website and (iii) made to a member service representative at 
any of our branch offices will be credited to your Account on the date of  receipt. If the date of receipt for a mailed 
payment or a payment made at a branch drop box is not a business day, your payment will be credited on the first business 
day following receipt. The required minimum payment for your Account will be applied first to collection costs, then to 
any INTEREST CHARGES and other fees due, and then to the unpaid principal balance. Interest paid or agreed to be 
paid shall not exceed the maximum amount permissible under applicable law, and in any contingency whatsoever, if we 
shall receive anything of value deemed interest under applicable law which would exceed the maximum amount of 
interest permissible under applicable law, the excessive interest shall be applied to the reduction of the unpaid principal 
amount or refunded to you. 

BALANCE TRANSFERS: If you request a balance transfer to be made, you should not rely on a balance transfer to be 
made by any particular date. Although most balance transfers will be made sooner, it could take up to three weeks before 
payment to your other Account is made. Accordingly, you should continue to make all required payments on your other 
accounts  until  you  confirm  that  the  balance  transfer  has  been  made.  Balance  transfers  may  not  exceed  your  available 
credit.  Balance  transfer  requests  will  be  processed  in  the  order  you  list  them  on  the  balance  transfer  request  form  or 
additional  sheet  if  included.  If  a  balance  transfer  request  is  more  than  the  available  credit  limit,  we  will  automatically 
lower  the  balance  transfer  amount  to  your  available  credit  and  complete  the  transfer.  We  will  not  close  your  other 
accounts, even if you transfer the entire balance. Balance transfer cannot be used to pay towards TDECU credit card or 
loan balances. If you want to close your other accounts, you should contact the issuer directly. Transfer of a balance that 
contains disputed purchases or other charges may cause you to lose any dispute rights you may have with regard to those 
purchases or other charges. There is no grace period for balance transfers. 

 CREDIT  INVESTIGATION:  In  conjunction  with  your  application  for  credit  and,  if  approved,  maintenance  of  your 
Account,  you  agree  that  we  have  the  right  to  investigate  your  credit  and  employment  history,  to  verify  your  credit 
references,  to  request  and  use  credit  reports,  and  to  report  the  way  you  pay  your  Account  to  credit  bureaus  and  other 
interested parties. We  may report the status and payment  history of  your  Account to  the credit reporting agencies each 
month. You are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit 
reporting agency if you fail to fulfill the terms of this Agreement. If you believe that the information we have reported 
to the credit reporting agencies is inaccurate or incomplete, please notify us in writing at Texas Dow Employees 
Credit Union, 1001 FM 2004, Lake Jackson, TX 77566-4012. Please include your name, address, home telephone 
number, and Account number. 

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CONVENIENCE CHECKS: The Credit Union may issue checks at our discretion that may be used for any purpose 
other than making payment for credit to your Account. By signing such checks, you authorize us to pay the item for the 
amount indicated and post such amount as a cash advance to your Account. We do not have to pay any item that would 
cause the outstanding balance in your Account to exceed your credit limit. 

 ILLEGAL TRANSACTIONS: You may not use your Card or Account for any illegal purpose or unlawful transactions. 
You agree that we may decline to process any transaction that we believe in good faith to be for an illegal purpose. You 
agree  that  we  will  not  be  liable  for  declining  to  process  any  such  transaction.  If  we  do  process  any  transaction  that 
ultimately  is  determined  to  have  been  for  an  illegal  purpose,  you  agree  that  you  will  remain  liable  to  us  under  this 
Agreement for any such transaction notwithstanding its illegal nature. You agree that any illegal use of the Card will be 
deemed an act of default under this Agreement. You further agree to waive any right to take legal action against  us for 
your illegal use of the Card and to indemnify, defend, and MasterCard International, Inc. harmless from and against any 
lawsuits, other legal action, or liability that results directly or indirectly from such illegal use. 

FOREIGN TRANSACTIONS: If you effect a foreign transaction with your MasterCard, MasterCard International will 
convert the charge into a U.S. dollar amount. MasterCard International will use its currency conversion procedure, which 
is disclosed to institutions that issue MasterCard cards. Currently, the currency conversion rate used by MasterCard 
International to determine the transaction amount in U.S. dollars for such transactions is generally either a government-
mandated exchange rate or a wholesale exchange rate selected by MasterCard International for the applicable currency on 
the day the transaction is processed, which rate may differ from the applicable rate on the date the transaction occurred or 
when the transaction is posted to your Account. 

ADDITIONAL PROVISIONS: Each provision of this Agreement must be considered part of the total Agreement and 
cannot in any way be severed from it. However, if any provision of this Agreement is finally determined to be void or 
unenforceable under any law, rule, or regulation, all other provisions of this Agreement will remain valid and enforceable. 
You understand that the validity, construction, and enforcement of this Agreement is governed by the laws of the State of 
Texas to the extent not preempted by applicable federal law, and it is performable in Brazoria County, Texas. We do not 
warrant any merchandise or services purchased by you with the Card. All purchases and cash advances are extended at the 
option of the merchant or cash advancing financial institution and the Credit Union is not responsible for the refusal of 
any  merchant  or  financial  institution  to  honor  your  Card.  The  Card  remains  our  property  at  all  times  and  you  agree  to 
immediately surrender the Card upon demand. You agree to pay all reasonable costs of collection, including court costs 
and attorney’s fees, and any costs incurred in the recovery of the Card. We can accept late payments or partial payments, 
or checks or money orders marked “payment in full” without losing any of our rights under this Agreement. We can also 
waive or delay enforcing any of our rights under this Agreement without losing them. You expressly waive presentment 
for  payment,  demand,  protest,  and  notice  of  protest  and  dishonor  of  same.  You  agree  to  give  us  prompt  notice  of  any 
change in your name, mailing address, telephone number or place of employment. 

RECEIPT  OF  AND  AGREEMENT  TO  TERMS  AND  CONDITIONS  OF  AGREEMENT:  By  signing  an 
application for the Card or by using the Card, you agree to all the terms and conditions and promise to perform all the 
obligations,  requirements,  and  duties  contained  in  this  Agreement,  and  you  acknowledge  receipt  of  a  copy  of  this 
Agreement. 

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INTEREST RATES AND INTEREST CHARGES 

Annual Percentage Rate 
(APR) for Purchases   

APR for Balance Transfers 

0% Introductory APR on all purchases for six months.*  
After that, the Standard APR will range from 
7.99% to 17.99%, based on your creditworthiness 
5.9% Optional Relationship APR on purchases in qualifying                
merchant categories.** 
0% introductory APR for twelve months.*** 
After that, the Standard APR will range from 
7.99% to 17.99%, based on your creditworthiness 

APR for Cash Advances 

0% introductory APR for six months 
After that, the Standard APR will range from 
7.99% to 17.99%, based on your creditworthiness 

How to Avoid Paying 
Interest on Purchases 

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. 

For Credit Card Tips from 
The Consumer Financial 
Protection Bureau 

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. 

                                                           FEES 

Annual Fee 

No Fee 

Penalty Fees 
•  Late Payment 
•  Returned Payment 

Up to $25 
Up to $25 

How We Will Calculate Your Balance:  We use a method called “average daily balance (including new purchases).” 

*Introductory rate good until the first day of the billing cycle that includes the six month anniversary date of the opening of your 
account. 

** Optional  Relationship APR is offered to qualifying TDECU MasterCard Classic, TDECU Platinum and TDECU Onyx cardholders 
for purchases made in the following merchant categories: 

Cardholders with open TDECU Mortgage Loan  
1520 general contractor 
4900 utilities   
5074 plumbing, heating equipment and supplies 
5251 hardware store 
5261 nurseries, lawn and garden supply store 
5712 furniture, home furnishings and equipment store (except appliances) 
5713 floor coverings store 
5722 household appliance store 

Cardholders with an open TDECU Automotive Loan 
5074 service station 
5532 automotive tire store 
5533 automotive parts and accessory store 
5542 automotive automated fuel dispenser 

The optional Promotional Relationship APR is designed to recognize, benefit and reward cardholders who have an “open” TDECU mortgage 
and/or  automotive  loan.  To  receive  the  Relationship  APR,  qualifying  cardholders  must  register  and  opt-in  by  visiting  our  website  at 
www.tdecu.org/creditcards/relationship.  Please allow up to five business days for processing.  The Relationship APR will end when the indicated 
loan type is closed.  After that, the Standard Rate APR will apply.  Any new mortgage or auto loans originated after the Relationship Rate has 
ended due to the closing of a loan will require registration to re-activate the Relationship APR. 

TDECU will not be responsible for merchant errors relating to transaction category designations; nor can TDECU look-up or correct erroneous 
transaction category designations.  This offer is not retroactive.  TDECU reserves the right to modify or discontinue this offer at any time, subject 
to notice as required by law. 

  ***Offer only applies to balance transfer requests received by us within 30 business days of account opening. 

Federally insured by NCUA. 

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