Visa Business

®

For more information, to ask a question or to open a new account today, visit myMAX.com or call 800.776.6776.

COMPANY NAME

ADDRESS 

TELEPHONE 

PRINCIPAL FINANCIAL INSTITUTION

DESCRIPTION OF BUSINESS ACTIVITIES

TYPE OF ORGANIZATION
(Check One) 

A.  BUSINESS INFORMATION

CITY 

STATE 

ZIP 

EMAIL ADDRESS - PERSONAL

SOLE PROPRIETORSHIP 

PARTNERSHIP 

LLP 

CORPORATION 

LLC 

YEAR BUSINESS WAS STARTED 

BILLING OPTIONS
(Check One) 

BUSINESS 

INDIVIDUAL 

TAX ID NO.

ANNUAL $ 

CREDIT LINE REQUESTED 

B. GUARANTORS REQUESTING CARDS

Must have a minimum of one guarantor; at least one guarantor must be the Authorizing Officer.

GUARANTOR’S NAME

SOCIAL SECURITY NO.

DATE OF BIRTH

AMOUNT REQUESTED

CITY

STATE

 ZIP

GUARANTOR’S POSITION WITH THE BUSINESS 

% OF OWNERSHIP 

SOCIAL SECURITY NO.

DATE OF BIRTH

AMOUNT REQUESTED

CITY

STATE

 ZIP

GUARANTOR’S POSITION WITH THE BUSINESS 

% OF OWNERSHIP 

C.  EMPLOYEES REQUESTING CARDS

One card per employee; if more cards are requested, use a separate sheet of paper.

 SOCIAL SECURITY NO.

DATE OF BIRTH

AMOUNT REQUESTED

CITY

STATE

 ZIP

 SOCIAL SECURITY NO.

DATE OF BIRTH

AMOUNT REQUESTED

CITY

STATE

 ZIP

 SOCIAL SECURITY NO.

DATE OF BIRTH

AMOUNT REQUESTED

CITY

STATE

 ZIP

 SOCIAL SECURITY NO.

DATE OF BIRTH

AMOUNT REQUESTED

CITY

STATE

 ZIP

 SOCIAL SECURITY NO.

DATE OF BIRTH

AMOUNT REQUESTED

CITY

STATE

 ZIP

 SOCIAL SECURITY NO.

DATE OF BIRTH

AMOUNT REQUESTED

CITY

STATE

 ZIP

BILLING ADDRESS

HOME TELEPHONE 

CARDHOLDER #
(MAX Office Use Only) 

GUARANTOR’S NAME

HOME ADDRESS

HOME TELEPHONE 

CARDHOLDER #
(MAX Office Use Only) 

EMPLOYEE’S NAME

HOME ADDRESS

CARDHOLDER #
(MAX Office Use Only) 

EMPLOYEE’S NAME

HOME ADDRESS

CARDHOLDER #
(MAX Office Use Only) 

EMPLOYEE’S NAME

HOME ADDRESS

CARDHOLDER #
(MAX Office Use Only) 

EMPLOYEE’S NAME

HOME ADDRESS

CARDHOLDER #
(MAX Office Use Only) 

EMPLOYEE’S NAME

HOME ADDRESS

CARDHOLDER #
(MAX Office Use Only) 

EMPLOYEE’S NAME

HOME ADDRESS

CARDHOLDER #
(MAX Office Use Only) 

D.  AUTHORIZING OFFICER*

Signing individually or on behalf of the company.

*Authorizing officer must be a president, vice president, treasurer, general manager (if a corporation), general partner (if a partnership or LLP), manager (if an LLC) or owner. REQUIRED INFORMATION 
for Corporations, LLPs, LLCs and Sole Proprietorships: Guaranty Agreements. Sample Guaranty Agreement is located on page 2. Approval of this business credit card application is dependent upon an 
established business relationship with the credit union. By signing this application (if approved) you acknowledge you have read the Visa Credit Card Agreement and Statement of Billing Rights and will 
retain it for your records. Additional financial information may be required. Other restrictions may apply.

 Signature 

Title  

Date

©2016 MAX. Federally insured by NCUA. For qualified borrowers. Certain restrictions apply. Business Credit Card 07/2016

MAX CREDIT CARD APPLICATION 1 of 5

 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
  
 
 
 
 
  
 
 
 
 
 
  
  
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Visa Business

®

Guaranty Agreement (Unconditional & Continuing) Date __________________________________________________

(1) FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the undersigned (whether one or more, “Guarantors”), jointly and 
severally, and independently of the Borrowers named hereafter, unconditionally guarantee and promise to pay to MAX Credit Union (“Credit Union”) in United States dollars 
any and all debts and obligations-including without limitation principal, interest, collection costs, attorney’s fees, and other fees and charges of the Borrowers owing to the 
Credit Union and arising out of or relating to any credit card accounts maintained by the Credit Union in the name of, or for the benefit of Borrowers, whether such debts 
or obligations are created before now, now, or hereafter; and without regard to whether any such debt or obligation is voluntary or involuntary, due or not due, absolute or 
contingent, liquidated or unliquidated, determined or undetermined, individual or joint; and without regard to whether recovery of any such debt or obligation may be or 
hereafter becomes barred by any statute of limitations or becomes otherwise unenforceable (altogether, the “Debt”). Guarantors shall pay attorney’s fees and all other costs 
and expenses which are incurred by the Credit Union in the enforcement of this Guaranty. This Guaranty binds each of the Guarantors and their heirs, distributes, executors, 
administrators, legal representatives, personal representatives, successors and assigns and shall inure to the benefit of the Credit Union and its successors and assigns.

(2) Without notice to Guarantors and without affecting Guarantors’ obligations under this Guaranty, the Credit Union and Borrowers may agree to any increase, renewal, 

extension, modification or alteration of all or any part of the Debt and may accept part payment in satisfaction of all or any part of the Debt.

(3) This Guaranty may be revoked or terminated by any action, event or circumstance, including payment in full of the Debt from time to time, unless and until the Credit 
Union gives its prior written consent. No waiver or any right or power of the Credit Union hereunder shall be effective unless in writing and signed by a duly authorized officer 
of the Credit Union.

(4) Guarantors waive any right to require the Credit Union to proceed against any one or more of the Borrowers or Guarantors or to pursue any other remedy in the Credit 
Union’s power whatsoever. Guarantors waive any defense based upon disability, bankruptcy, unenforceability, or otherwise of any one or more of the Borrowers or Guarantors 
or arising from the termination for any reason of the liability of any one or more of the Borrowers or Guarantors. Guarantors waive all presentments, demands for performance, 
notices of non-performance, notices of acceleration, notices of intent to accelerate, protests, notices of protest, notices of dishonor, and notices of acceptance of this Guaranty 
and of the existence, creation, or incurrence of new or additional Debt and waive any rights or defenses based, in whole or in part, upon an offset by any one or more of the 
Borrowers or Guarantors against any indebtedness now or hereafter owed to any of the Borrowers or any of the Guarantors.

(5) Until this Guaranty is terminated with the consent of the Credit Union, Guarantors shall forego and waive any rights of subrogation, reimbursement, contribution or 
indemnity or any right of recourse to any assets or properties of Borrowers or any of the other Guarantors. Any indebtedness of Borrowers to any Guarantor, whether now 
existing, hereafter arising, secured or unsecured, and if secured, the security for same, hereby is subordinated to the Debt, and such subordinated indebtedness, if the Credit 
Union so requests, shall be collected, enforced and received by such Guarantor as trustee for the Credit Union and be paid over to the Credit Union on account of the Debt but 
without reducing or affecting in any manner the liability of any Guarantor under this Guaranty. 

(6) Where any one or more Borrowers or Guarantors are corporations, partnerships, joint ventures, trusts, limited liability companies, business organizations or enterprises, 
it shall not be necessary for the Credit Union to inquire into the power or authority of Borrowers or Guarantors or the officers, directors, partners, trustees, principals or agents 
acting or purporting to act on their behalf. 

(7) This Guaranty shall not release, modify, revoke or terminate any other guaranty heretofore or hereafter executed by any of the Guarantors, nor shall any other guaranty 

heretofore or hereafter executed by any Guarantor release, modify, revoke or terminate this Guaranty unless such other guaranty specifically refers to this Guaranty and the release, 
modification, revocation or termination (as applicable) is accepted by the Credit Union in writing.

(8) THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF THE GUARANTORS AND THE CREDIT UNION HEREUNDER SHALL BE GOVERNED BY AND 

CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ALABAMA WITHOUT REGARD TO ITS CONFLICT OF LAWS PROVISIONS. Guarantors acknowledge 
that any cause of action arising under this Guaranty will be a cause of action arising from an Alabama transaction, that the Debt is owning to a banking organization 
organized under Alabama law or that has its principal place of business in Alabama, that it is foreseeable that this Guaranty and the performance hereof have and will have 
significant effects in the State of Alabama. If any of the provisions of this Guaranty or the application hereof to any person or circumstances shall, to any extent, be invalid or 
unenforceable, the remainder of the provisions of this Guaranty, or the application of such provision or provisions to persons or circumstances other than those as to whom or 
which it is held invalid or unenforceable, shall not be affected thereby, and every provision of this Guaranty shall be valid and enforceable to the fullest extent permitted by law.

(9) Except as expressly set forth in this Guaranty, this Guaranty is the entire agreement of the Guarantors and the Credit Union with respect to the guarantee of the Debt 
by the Guarantors, and no representation, understanding, promise or condition concerning the subject matter hereof shall be binding upon the Credit Union unless expressed 
herein. This Guaranty is given under the seal of all parties hereto, and is intended that this Guaranty is and shall constitute and have the effect of a sealed instrument according 
to law. Any notice by a Guarantor to the Credit Union shall be effective only upon the actual receipt thereof by an officer of the Credit Union at the following address: 400 
Eastdale Circle Montgomery, AL 36117, Attention: Business Services, or call 334.260.2600 ext 4943 or 800.776.6776 ext 4943. Each Guarantor authorizes the Credit Union to 
investigate, obtain, and exchange reports and information, including information from the Internal Revenue Service, regarding his/her financial status and creditworthiness.

(10) GUARANTORS HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT THEY MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY 
LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS GUARANTY, THE DEBT AND ANY AGREEMENT CONTEMPLATED TO BE 
EXECUTED IN CONJUNCTION HEREWITH OR THEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER WRITTEN OR ORAL) 
OR ACTIONS OF THE CREDIT UNION, BORROWERS OR GUARANTORS. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE CREDIT UNION’S ACCEPTING THIS 
GUARANTY AND MAKING THE CREDIT ACCOMMODATIONS TO THE BORROWERS.

(11) Each Guarantor authorizes us to obtain a credit report on him/her in considering this application, and for the purpose of an update, renewal, extension of credit, review, 
or collection of the Debt. Upon request we will inform each Guarantor of the name and address of each consumer-reporting agency from which we obtained a consumer report on 
that person. Supporting financial information may also be required (i.e. two years tax returns and financial statements for business and guarantors). IN WITNESS WHEREOF, the 
undersigned Guarantors have executed this Guaranty effective the date first appearing above.

GUARANTOR

Signature _______________________________________________________________________________  Date_________________________________ 

Print Name ____________________________________________________________________________________________________________________ 

GUARANTOR 

Signature _______________________________________________________________________________  Date_________________________________

Print Name ____________________________________________________________________________________________________________________ 

WITNESS 

Signature _______________________________________________________________________________  Date_________________________________

Print Name _____________________________________________________________________________________________________________________

©2016 MAX. Federally insured by NCUA. For qualified borrowers. Certain restrictions apply. Business Credit Card 07/2016

MAX CREDIT CARD APPLICATION 2 of 5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Visa® BUSINESS CREDIT CARD AGREEMENT

(Retain for your records)

In this Business Credit Card Agreement, the words “you” and “your” mean the Business 
and each and all of those who have applied for the Card, signed the Card, used the Card or 
authorized someone else to use the Card. “Card” means the Visa card and any duplicates and 
renewals we issue.  Account means your Visa card Line of Credit Account with us. “We”, “us” 
and “ours” mean MAX Credit Union. If you do not agree to the terms and conditions of this 
Agreement, you must not use any Card issued to you and you must cut all Cards issued to you 
in half and return them to us.

then the remainder of the payment will be prorated and applied to the cash advance and 
purchases outstanding balances. If a payment is ever late ten days or more, you will be 
charged a late charge equal to 5.00% of the amount of the scheduled payment in default, 
with a minimum charge of $.50 and a maximum charge of $25.00. You agree a fee of up 
to $30.00 will be added to your card balance, and such fee will be treated as a purchase 
including FINANCE CHARGES, if a check to pay all or part of the card balance is returned 
unpaid.

1. Responsibility. If we issue you a Card, you agree to repay all debts and the FINANCE 
CHARGE arising from the use of the Card and the Account. For example, you are responsible 
for charges made by yourself and charges made by anyone else to whom you give the 
Card, and this responsibility continues until the Card is recovered. You cannot disclaim 
responsibility by notifying us, but we will close the Account for new transactions if you so 
request and if you return all Cards. Your obligation to pay the amount continues even though 
an agreement or other court judgement to which we are not a party may direct you or one 
of the other persons responsible to pay the Account. Any person using the Card is jointly 
responsible with you for charges he or she makes, but if that person signs the Card, he or 
she becomes a party to this Agreement and is also jointly responsible for all charges on the 
Account, including yours. You agree the Visa card may not be used for any illegal or unlawful 
activity or transactions, including but not limited to, illegal gambling. 

2. Lost Card Notification. If you believe the Card has been lost or stolen, you will 
immediately call us at 1-800-449-7728.

3. Liability for Unauthorized Use. You may be liable for the unauthorized use of your Card. 
You will not be liable for unauthorized use that occurs after you notify the Credit Union, orally 
or in writing, of the loss, theft, or possible unauthorized use. In any case, your liability will not 
exceed $50.00. For Visa cards, if you tell the Credit Union after learning of the loss or theft 
of the Card your liability for unauthorized transactions using the Visa system is zero. For ATM 
transactions, card transactions through a non-Visa network, Visa Commercial cards, Visa or 
Plus* ATM or any ATM transactions or cards issued outside the United States if you tell the 
Credit Union within two (2) days after learning of the loss or theft of the Card, your liability 
for unauthorized transactions is $50.00 and $500 if you do not tell the Credit Union within 
two (2) business days and if you do not tell us within sixty (60) days after the statement was 
mailed, you may not get back any money you lost if we can prove that we could have stopped 
someone from taking the money had you told us in time. We may require you to provide 
a written statement regarding claims of unauthorized transactions. If we determine that 
you have been grossly negligent or fraudulent in the handling of your account or Card, your 
liability may increase. These rules do not apply to other electronic transfers.

4. Credit Line. If we approve your application, we will establish a self-replenishing Line of 
Credit for you and notify you of its amount when we issue the Card. You agree not to let the 
Account balance exceed this approved Credit Line. Each payment you make on the Account 
will restore your Credit Line by the amount of the payment which is applied to principal. You 
may request an increase in your Credit Line by written application to us, or by telephone at 
334.215.4943, which must be approved by a loan officer. By giving you written notice, we 
may reduce your Credit Line from time to time or, with good cause, revoke your Card and 
terminate this Agreement. Good cause includes your failure to comply with this Agreement 
or our adverse reevaluation of your credit worthiness. You may also terminate this 
Agreement at any time, but termination by either you or us does not affect your obligation 
to pay the Account balance. The Cards remain our property, and you must recover and 
surrender to us all Cards upon our request and upon termination of this Agreement.

5. Credit Information. You authorize us to investigate your credit standing when opening, 
renewing or reviewing your Account, and you authorize us to disclose information regarding 
your Account to credit bureaus and other creditors who inquire of us about your credit 
standing.

6. Monthly Payment. We will mail you a statement every month showing your Previous 
Balance of purchases and cash advances, the current transactions on your account, the 
remaining credit available under your Credit Line, the New Balances of purchases and cash 
advances, the Total New Balance, the FINANCE CHARGE due to date, any other billed 
fees, and the Minimum Payment required. Every month you must pay at least the Minimum 
Payment within 25 days of your statement closing date. You may, of course, pay more 
frequently, pay more than the Minimum Payment, or pay the Total New Balance in full, and 
you will reduce the FINANCE CHARGE by doing so. The Minimum Payment will be either 
(a) 3.00% of your Total New Balance, or $10.00, whichever is greater, or (b) your Total New 
Balance, if it is less than $10.00, plus (c) any portion of the Minimum Payment(s) shown on 
prior statement(s) which remains unpaid. In addition, at any time your total New Balance 
exceeds your Credit Line, you must immediately pay the excess upon our demand. We will 
apply your payments first to the previously billed and unpaid FINANCE CHARGE on cash 
advances: then to the previously billed and unpaid FINANCE CHARGE on purchases; then 
to any late charge outstanding and/or any over the limit charge outstanding, if applicable; 

7. FINANCE CHARGE. If you have a zero purchase balance at the beginning of a statement 
cycle, you can avoid a FINANCE CHARGE on purchases billed during the cycle by paying 
the full amount of the New Balance of Purchases within 25 days of your statement closing 
date. Otherwise, purchases will be subject to a FINANCE CHARGE from the date they are 
posted to your account. Cash advances are always subject to a FINANCE CHARGE from the 
transaction date. The FINANCE CHARGE (interest) is calculated at the periodic rate and 
ANNUAL PERCENTAGE RATE disclosed to you on the average daily principal balances of 
purchases and cash advances in the Account. Separate FINANCE CHARGES for purchases 
and cash advances are determined by multiplying the periodic rate by the separate average 
daily balance for purchases and cash advances. Each average daily balance is determined by 
taking the beginning balance (of cash advances and purchases) in your account each day, 
adding any new purchases or cash advances (whichever is applicable) and subtracting any 
payments or credit. The results are the daily balances. The daily balances are totaled, and 
divided by the number of days in the statement period to produce separate average daily 
principal balances for purchases and cash advances to which the periodic rate is then applied.

8. Variable Rate.  Your account is subject to a Variable Rate which is based on the highest 
Prime Rate as published in the Money Rates section of the Wall Street Journal (“Index”) in 
effect the last business day of each month (the Determination Date), plus our Margin. The 
Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in 
the Interest Rate and will take effect as of the first day of the next statement cycle. Increases 
or decreases in the Interest Rate will result in like increases or decreases in the FINANCE 
CHARGE, and will affect the amount of the regularly scheduled payments that you will be 
required to make. There is no limit to the amount by which the ANNUAL PERCENTAGE RATE 
can change during any statement cycle other than the maximum and minimum ANNUAL 
PERCENTAGE RATES. The minimum ANNUAL PERCENTAGE RATE that can apply is 9.49%, 
and the maximum ANNUAL PERCENTAGE RATE is 18%.

9. Default. You will be in default if you fail to make any Minimum Payment when due. You 
will also be in default if (a) your ability to repay us is materially reduced by a reduction in 
income, an increase in your obligations, bankruptcy or insolvency proceedings involving you, 
or  your failure to abide by this Agreement, (b) you break any promise you have made to us 
under this Agreement or any other agreement you have with us, (c) any statement you have 
made in this Agreement, in connection with this Agreement or in connection with any other 
Agreement you have with us is not true, or (d) we should otherwise feel insecure in receiving 
payment of the Account balance for whatever reason. If you are in default, we have the right 
to demand immediate payment of your full Account Balance at once without notice to you. 
In the event of a default, you agree to pay all costs of collecting the amount you owe under 
this agreement including, if the unpaid balance under this plan is greater than Three Hundred 
Dollars ($300.00) at the time of collection, reasonable attorney fees if the debt is referred 
for collection to an attorney who is not our employee and if suit is filed, court costs.

10. Using the Card. You may use your Visa credit card at millions of locations worldwide. 
In addition, you may obtain cash advances from the Credit Union, from other financial 
institutions participating in Visa card program and from automated teller machines (ATMs), 
such as a Visa ATM Network, which provide access to the individual credit card system. (Not 
all ATMs provide such access). You will need to use your Personal Identification Number 
(PIN) to obtain a cash advance from an ATM. The monthly statement will identify the 
merchant, electronic terminal or financial institution at which transactions were made, but 
sales, cash advances, credit or other slips cannot be returned with the statement. You will 
retain the copy of such slips furnished at the time of the transaction in order to verify the 
monthly statement. We may make a reasonable charge for photocopies of slips you request.

11. Returns and Adjustments. Merchants and others who honor the Card may give credit for 
returns or adjustments, and they will do so by sending us a credit slip which we will post to 
your Account. If your credits and payments exceed what you owe us, we will hold and apply 
this credit balance against future purchases and cash advances, or if it is $1 or more, refund it 
on your written request.

12. Foreign Transactions. Payments, purchases and cash advances made in foreign 
currencies will be charged to your account in U.S. dollars. For Visa transactions, the 
exchange rate between the transaction currency and the billing currency used for processing 
international transactions is a rate selected by Visa from the range of rates available in 

©2016 MAX. Federally insured by NCUA. For qualified borrowers. Certain restrictions apply. Business Credit Card 07/2016

MAX CREDIT CARD APPLICATION 3 of 5

Visa® BUSINESS CREDIT CARD AGREEMENT

(Retain for your records)

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, plus the 1% International Transaction Fee.

13. Plan Merchant Disputes. We are not responsible for the refusal of any plan merchant or 
financial institution to honor your Card. We are subject to claim and defenses (other than tort 
claims) arising out of goods or services you purchase with the Card only if you have made 
a good faith attempt, but have been unable to obtain satisfaction from the plan merchant, 
and: (a) your purchase was made in response to an advertisement we sent or participated in 
sending you, or (b) your purchase cost more than $50 and was made from a plan merchant 
in your state or within 100 miles of your home. Any other disputes you must resolve directly 
with the plan merchant.

14. Security Interest. To secure your Account, you grant us a purchase money security 
interest under the Uniform Commercial Code in any goods you purchase through use of the 
Card. If you default, we will have the right to recover any of these goods which have not been 
paid for through our application of your payments in the manner described in Paragraph 6.

15. Security Agreement. The payment of the Credit Card Account shall be secured by all 
of your Credit Union accounts, shares and certificates (excluding Individual Retirement 
Accounts) you now have or hereafter may have including all accounts you have a right to 
withdraw from or an ownership interest in. You are giving this interest to secure repayment 
of your credit card account as well as any other amounts you now owe or will owe the Credit 
Union. You are giving the Credit Union a security interest in all present and future shares in 
your account you have with the Credit Union or in which you have an interest. You authorize 
the Credit Union to take those funds, shares or certificates and apply it to your debt if you 
are in default. The Credit Union may, solely at its option, allow you to withdraw a portion of 
your shares without affecting its security interest. Withdrawals may not be allowed if it will 
reduce the amount of your shares in the Credit Union below the amount of my debt. You are 
not giving a security Interest in an IRA, SEP, KEOGH, or any other account which, if pledged, 
would result in the loss of special tax treatment under the Internal Revenue Code.

16. Effect of Agreement. This Agreement is the contract which applies to all transactions on 
your Account even though the sales, cash advances, credit or other slips you sign or receive 
may contain different terms. We may amend this Agreement from time to time by sending 
you any advance written notice required by law. Any amendment to this Agreement will take 
effect on the day it is mailed unless advance notice is required by law. Your use of the Card 
thereafter will indicate your agreement to the amendments. To the extent the law permits, 
and we indicate in our notice, amendments will apply to your existing Account balance as 
well as to future transactions.

17. Governing Law. The terms and conditions of this Agreement are governed by and 
construed in accordance with the laws of the State of Alabama and any applicable Federal 
law.

18. Delay in Enforcement. No delay in enforcement of our rights under this agreement will 
result in any loss of our rights or relieve you of any of your obligation.

19. Invalidity of Provisions and Captions. If any provision of this agreement is deemed 
invalid the rest of this Agreement will remain in full force and effect. The paragraph headings 
are for convenience only and do not form a part of this Agreement.

©2016 MAX. Federally insured by NCUA. For qualified borrowers. Certain restrictions apply. Business Credit Card 07/2016

MAX CREDIT CARD APPLICATION 4 of 5

Visa® BUSINESS CREDIT CARD BILLING RIGHTS

(KEEP THIS NOTICE FOR FUTURE USE) This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act.

NOTIFY  US  IN  CASE  OF  ERRORS  OR  QUESTIONS  ABOUT  YOUR  LOAN  ACCOUNT 
STATEMENT.  If you think your statement is wrong, or if you need more information about 
a transaction on your statement, write us on a separate sheet at the address listed on your 
statement. Write to us as soon as possible. We must hear from you no later than 60 days after 
we sent you the first statement on which the error or problem appeared. You can telephone us 
but doing so will not preserve your rights.

In your letter, give us the following information: •Your name and account number. •The dollar 
amount of the suspected error. •Describe the error and explain, if you can, why you believe 
there  is  an  error.  If  you  need  more  information,  describe  the  item  you  are  not  sure  about. 

If you have authorized us to pay your loan account automatically from your savings or share 
draft account, you can stop the payment on any amount you think is wrong. To stop the payment 
your letter must reach us 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  corrected  the 
error by then. Within 90 days, we must either correct the error or explain why we believe the 
statement was correct.

After we receive your letter, we cannot try to collect any amount you question, or report you as 
delinquent. We can continue to send statements to you for the amount you question, including 
FINANCE CHARGES, and we can apply any unpaid amount against your credit limit. You do not 
have to pay any questioned amount while we are investigating, but you are still obligated to pay 
the parts of your statement that are not in question.

If we find that we made a mistake on your statement, you will not have to pay any 
FINANCE CHARGES related to any questioned amount. If we didn’t make a mistake, you may 
have to pay FINANCE CHARGES, and you will have to make up any missed payments on the 
questioned amount. In either case, we will send you a statement of the amount you owe and 
the date it is due.

If you fail to pay the amount that we think you owe, we may report you as delinquent. However, 
if our explanation does not satisfy you and you write to us within 10 days telling us that you 
still refuse to pay, we must tell anyone we report you to that you have a question about your 
statement. And, we must tell you the name of anyone we reported you to. We must tell anyone 
we report you to that the matter has been settled between us when it finally is.

If we don’t follow these rules, we can’t collect the first $50 of the questioned amount, even if 
your statement was correct.

SPECIAL 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 service. There are two limitations on this right: (a) You must have made 
the purchase in your home state or, if not within your home state, within 100 miles of your 
current mailing address; and (b) The purchase price must have been more than $50.

These limitations do not apply if the credit card issuer owns or operates the merchant, or mailed 
you the advertisement for property or services.

INTEREST RATES AND INTEREST CHARGES

ANNUAL PERCENTAGE RATE (APR)
for Purchases, Balance Transfers and Cash 
Advances

Your APR will be 9.49% to 18.00%.

Variable Rate Information

How to Avoid Paying Interest on Purchases

Your APR will vary in relation to an index plus a margin of 9.49%. 
The index will be the Prime Rate (rounded to the nearest 1/4 of 
1%) and is the highest rate published in the money section of the 
Wall Street Journal.

Your due date is at least 25 days after the close of each billing 
cycle. We will not charge you any interest on purchases if you pay 
your entire balance by the due date each month. We will begin 
charging interest on balance transfers and cash advances on the 
transaction date.

Minimum Interest Charge

None

For Credit Card Tips from the
Consumer Financial Protection Bureau

To learn more about factors to consider when applying for or us-
ing a credit card, visit the website of the Consumer Financial Pro-
tection Bureau at http://www.consumerfinance.gov/learnmore

Annual Fee

Transaction Fees
•  Balance Transfer
•  Cash Advance
•  Foreign Transaction

Penalty Fees
•  Late Payment

•  Over the Credit Limit
•  Returned Payment

FEES

None

None
None
1% International Transaction Fee

5% of the amount of the scheduled payment in default, with a 
minimum charge of $0.50 and a maximum charge of $25.00 
None
Up to $30.00

How We Will Calculate Your Balance: We use a method called “Average Daily Balance (including new purchases)”. See your account agreement for more details.

©2016 MAX. Federally insured by NCUA. For qualified borrowers. Certain restrictions apply. Business Credit Card 07/2016

MAX CREDIT CARD APPLICATION 5 of 5