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. 

You are not liable for any unauthorized use of your MasterCard once you notify us orally or in writing and as long as  
you meet the following criteria: (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. 

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. 

SKIP-A-PAYMENT OPTION:  From time to time, we may offer you the opportunity to skip a payment on your 
account(s). The offer, if made, will be reflected on your periodic statement as a message informing you that you can 
skip your payment for that month. Your choice to skip the payment will constitute your acceptance of the offer.  As a 
result, your payments will resume the following month.  Interest will continue to accrue at the interest rate in effect at 
that time for the related skip payment period.  All other provisions of your credit agreement shall apply following the 
skipped payment. On a joint account, either member acting alone may accept the skip payment.  Certain account 
exclusions may apply. 

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 
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 
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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 ranging 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. 

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. 

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ANNUAL FEE: You will not be charged an annual fee for the issuance or use of the Card. 
LATE PAYMENT FEE: If we do not receive your required minimum payment within 10 days of the payment due date, 
you will be charged a late payment fee as set forth in the  Additional Disclosure. In no event will the late payment fee 
exceed the amount of the minimum payment due for the applicable statement period. 

RETURNED PAYMENT FEE:  We will charge you a returned payment 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 payment fee is set forth in the Additional Disclosure.  In no event will  
the returned payment fee exceed the amount of the minimum payment due for the applicable statement period. 

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. 

FEDEX FEE FOR EXPEDITING LOST, STOLEN, OR ADDITIONAL CARD: We will charge you a fee for the 
FedEx delivery of your card as set forth in the Additional Disclosure. 

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. 

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. 

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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. 

INTEREST RATES AND INTEREST CHARGES 

Annual Percentage Rate 
(APR) for Purchases 

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 

APR for Balance Transfers 

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. 

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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 

None 

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. 

**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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