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 hold us and VISA International, Inc. and 
MasterCard International, Inc. harmless from and against any lawsuits, other 
legal action, or liability that results directly or indirectly from such illegal use.

16) International Transactions.

MasterCard  Cards:  If  you  effect  an  international  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. We will charge a Foreign Transaction Fee of up to 1% on all 
international purchase, cash disbursement, and account credit transactions, 
even if there is no currency conversion. The Foreign Transaction Fee is a non-
periodic finance charge and does not accrue interest. There is no grace period 
for  repayment  of  international  transactions  in  order  to  avoid  the  Foreign 
Transaction Fee.

VISA Cards: If you effect an international transaction with your VISA Card, the 
rate of exchange between the transaction currency and the billing currency 
used for processing the international transaction will be 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. We  will  charge  a  Foreign Transaction  Fee  of  up  to 
1%  on  all  international  purchase,  cash  disbursement,  and  account  credit 
transactions, even if there is no currency conversion. The Foreign Transaction 
Fee is a non-periodic finance charge and does not accrue interest. There is no 
grace period for repayment of international transactions in order to avoid the 
Foreign Transaction Fee.

17) Visa Emergency Cash And Emergency Card Replacement Services. If this 
service is available, you acknowledge that we may provide personal data concerning 
you  to  VISA  USA,  its  members,  or  their  respective  contractors  for  the  purpose 
of  providing  you  with VISA  Emergency  Cash  and  Emergency  Card  Replacement 
Services, and you consent to the release of your information for these purposes.

19)  Fair  Credit  Reporting  Act  Notification.  We  may  report  the 
status and payment history of your account to credit reporting agencies 
each month. If you believe that the information that we have reported 
is inaccurate or incomplete, please notify us in writing at PO Box 889, 
Texas City, TX 77592-0889. Please include your name, address, telephone 
numbers and account number.

20)  Additional  Provisions.  Each  provision  of  this  Agreement  must  be 
considered as part of the total agreement and cannot, in any way, be severed 
from it. However, you also agree that should any part of the Agreement be found 
invalid, it will in no way affect the remainder of the Agreement. You understood 
that  the  validity,  construction  and  enforcement  of  this  Agreement  shall  be 
governed by the laws of the State of Texas. The Credit Union does 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  refusal  of 
any merchant or financial institution to honor your card. The card(s) remain 
our property at all times, and you agree to immediately surrender the cards 
upon demand.  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 delay enforcing any of our rights under 
this  Agreement  any  number  of  times  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.

This notice tells you about your rights and our responsibilities under 
the Fair Credit Billing Act.

What to Do if You Find a Mistake on Your Statement

If you think there is an error on your statement, write to us at:

AMOCO Federal Credit Union
P.O. Box 889
2300 Texas Ave.
Texas CityTX 77592-0889

You may also contact us on the Web: www.amocofcu.org

In your letter, give us the following information:

• 
Account information: Your name and account number.
• 
Dollar amount: The dollar amount of the suspected error.
•   Description  of  problem:  If  you  think  there  is  an  error  on  your 
statement,  describe  what  you  believe  is  wrong  and  why  you 
believe it is a mistake.

18) 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.

You must contact us:

•   Within 60 days after the error appeared on your statement.
•   At  least  3  business  days  before  an  automated  payment  is 
scheduled, if you want to stop payment on the amount you think 
is wrong.

You must notify us of any potential errors in writing or electronically. You may 
call us, but if you do we are not required to investigate any potential errors 
and you may have to pay the amount in question.

What Will Happen After We Receive Your Letter

When we receive your letter, we must do two things:

1.  Within 30 days of receiving your letter, we must tell you that we received 
your letter. We will also tell you if we have already corrected the error.

2.  Within 90 days of receiving your letter, we must either correct the error or 

explain to you why we believe your statement is correct.

  While we investigate whether or not there has been an error:

•   We cannot try to collect the amount in question, or report you as 
delinquent on that amount.
•  
The charge in question may remain on your statement, and we 
may continue to charge you interest on that amount.
•   While you do not have to pay the amount in question, you are 
•   We can apply any unpaid amount against your credit limit.

responsible for the remainder of your balance.

After we finish our investigation, one of two things will happen:

•  
•  

•  

•  

If we made a mistake: You will not have to pay the amount in 
question or any interest or other fees related to that amount
If we do not believe there was a mistake: You will have to pay the 
amount in question along with applicable interest and fees. We 
will send you a statement of the amount you owe and the date 
payment is due. We may then report you as delinquent if you do 
not pay the amount we think you owe. 
If you receive our explanation but still believe your statement is 
wrong, you must write to us within 10 days telling us that you still 
refuse to pay. If you do so, we cannot report you as delinquent 
without also reporting that you are questioning your statement. 
We must tell you the name of anyone to whom we reported you 
as delinquent, and we must let those organizations know when 
the matter has been settled between us. 
If  we  do  not  follow  all  of  the  rules  above,  you  do  not  have  to 
pay the first $50 of the amount you question even if your bill is 
correct.

Your Rights if You are Dissatisfied with Your Credit Card Purchases

If you are dissatisfied with the goods or services that you have purchased with 
your credit card, and you have tried in good faith to correct the problem with 
the merchant, you may have the right not to pay the remaining amount due 
on the purchase. To use this right, all of the following must be true:

REWARDS!  
Credit Card 
Agreement

1.  The purchase must have been made in your home state or within 100 miles 
of your current mailing address, and the purchase price must have been 
more than $50. (Note: Neither of these are necessary if your purchase was 
based on an advertisement we mailed to you, or if we own the company 
that sold you the goods or services.)

2.  You must have used your credit card for the purchase. Purchases made with 
cash advances from an ATM or with a check that accesses your credit card 
account do not qualify.

3.  You must not yet have fully paid for the purchase. If all of the criteria above 
are met and you are still dissatisfied with the purchase, contact us in writing 
or electronically at: 

AMOCO Federal Credit Union
P.O. Box 889
2300 Texas Ave.
Texas City, TX 77592-0889
www.amocofcu.org

While  we  investigate,  the  same  rules  apply  to  the  disputed  amount  as 
discussed  above.  After  we  finish  our  investigation,  we  will  tell  you  our 
decision. At that point, if we think you owe an amount and you do not pay, we 
may report you as delinquent.

Mailing Address
P.O.  Box 889
Texas City, TX 
77592-0889

Phone Numbers
PH 409.948.8541
TX  800.392.3813
US 800.231.6053

www.amocofcu.org

 
 
Credit Card Agreement
This  Agreement  Covers:  VISA®  Platinum  Rewards,  MasterCard®  Platinum 
Rewards with AMOCO Federal Credit Union.

By  using  or  permitting  another  to  use  your  VISA  Platinum  Rewards,  and/or 
MasterCard  Platinum  Rewards  card(s),  you  are  accepting  this  Agreement  and 
agreeing  to  pay  all  amounts  that  will  be  owing  in  connection  with  your 
account. You  also  acknowledge  receipt  of  a  copy  of  this  Agreement.  In  this 
Agreement, the words “you” and “your” mean each person who signed this 
application  and  his/her  heirs  and  personal  representatives,  and  any  other 
person that uses the card. “We,” “our,” “us,” and “Credit Union” mean AMOCO 
Federal Credit Union. All of your obligations under this Agreement, including any 
INTEREST  CHARGES,  are  owed  to  the  Credit  Union.  The  word “account” 
means  any  number  of   VISA  Platinum  and/or MasterCard Platinum accounts 
established for you under this Agreement. “Use of this card” means any procedure 
used by you, or someone authorized by you, to make a purchase or obtain a cash 
advance  whether  or  not  the  purchase  or  advance  is  evidenced  by  a  signed 
written document. “Unauthorized” use of the card” means that 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.

SECURITY  INTEREST  AND  PLEDGE  OF  SHARES:  YOU  PLEDGE  TO 
US  AND  GRANT  TO  US  A  CONSENSUAL  SECURITY  INTEREST  IN 
ALL  INDIVIDUAL  AND  JOINT  ACCOUNTS  MAINTAINED  WITH 
US  IN  WHICH  YOU  HAVE  INTEREST  NOW  OR  IN  THE  FUTURE, 
EXCEPT AMOUNTS HELD IN AN IRA OR KEOGH PLAN, TO SECURE 
REPAYMENT  OF  AMOUNTS  OWING  UNDER  THIS  CREDIT  CARD 
ACCOUNT,  TOGETHER  WITH  ANY  FEES  OR  COSTS  WHICH  MAY  BE 
ASSESSED  AGAINST  THE  ACCOUNT  UNDER  THE  TERMS  OF  THIS 
AGREEMENT.  THE  GRANTING  OF  THIS  SECURITY  INTEREST  IS  A 
CONDITION FOR THE ISSUANCE OF ANY CARD THAT YOU MAY USE, 
DIRECTLY  OR  INDIRECTLY,  TO  OBTAIN  EXTENSIONS  OF  CREDIT 
UNDER  THIS  AGREEMENT.  IF  YOU  ARE  IN  DEFAULT  UNDER  THIS 
AGREEMENT, YOU AUTHORIZE US TO APPLY ANY AND ALL AMOUNTS 
ON DEPOSIT IN ANY ACCOUNT IN WHICH YOU HAVE AN INTEREST 
NOW  OR  IN  THE  FUTURE  TO  THE  PAYMENT  OF  ALL  AMOUNTS 
OWING UNDER THIS CREDIT CARD ACCOUNT.

Additional Security: If you have other loans with us, now or in the future, 
collateral  securing  such  loans  may  also  secure  your  obligations  under  this 
Agreement. This security interest does not apply to Home Equity loans, or any 
other dwelling-secured loan. Please read any security agreement you sign in 
order  to  determine  if  the  collateral  also  secures  your  obligations  under  this 
Agreement and any other agreements you have with us.

1) Extensions of Credit. If your application is approved, the Credit Union may, 
at its discretion, establish a credit card account in your name and cause one or 
more cards to be issued to you or those designated by you. In such event, you 

authorize the Credit Union to pay for your account, all items reflecting credit 
purchases  and  cash  advances  obtained  through  use  of  the  card. The  Credit 
Union, may at its discretion, issue checks to you which may be used for any 
purpose other than making a payment for credit to your account. Any check 
written by you will be considered as a cash advance, even if used to make a 
purchase. By signing such a check, you authorize the Credit Union to pay the 
item for the amount indicated and post such amounts as cash advance to your 
account. The Credit Union does not have to pay any item which would cause the 
outstanding balance in your account to exceed your credit limit. Please refer to 
the attached Rate and Fee Disclosures for charges that apply in connection with 
credit card convenience checks. 

2) Joint Applicant Liability. If this Agreement is executed by more than 
one person, 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 joint cardholder may remove him/herself from responsibility for 
future purchases at any time by notifying us in writing.  However, removal 
from  the  account  does  not  release  the  joint  cardholder  from  any  liability 
already incurred.

3) Others Using Your Account. If you allow anyone else to use your card, 
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 
whom you authorize to use your card, whether or not you notify us that he 
or she will be using it. If someone else is authorized to use your card 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.

4) Credit Limits. You promise the payments made for your account resulting 
from use of the card will, at no time, cause the outstanding balance in your 
account to exceed your credit limit as disclosed to you at the time you receive 
your card or as adjusted from time to time at the discretion of the Credit Union.

5) Promise To Pay. You promise to repay the Credit Union all payments made 
for your account resulting from use of the card, plus INTEREST CHARGES on the 
unpaid balance. At the end of each monthly billing cycle, you will be furnished 
with a periodic statement showing (1) the “previous balance” (the outstanding 
balance in the account at the beginning of the billing cycle), (2) the amount 
of  all  cash  advances,  balance  transfers,  purchases  and  INTEREST  CHARGES 
posted to your account during the billing cycle, (3) the amount of all payments 
and credits posted to your account during the billing cycle, and (4) the “new 
balance” which is the sum of (1) and (2) less (3). You agree to pay on or before 
the “payment due date” shown on the periodic statement either the entire “new 
balance”, or a minimum payment equal to 3% of the “new balance”, or $18.00, 
whichever is greater, if the “new balance” is $18.00 or less, you will pay in full.

6)  Cost  of  Credit. You  will  pay  INTEREST  CHARGES  for  all  advances  made 
against  your  account.  INTEREST  CHARGES  for  cash  advances  and  balance 
transfers begin to accrue on the date of the advance. New purchases will not 
incur an INTEREST CHARGE on the date they are posted to your account if you 
have paid the account in full by the “payment due date” shown on your most 
recent monthly statement, or if there was no previous balance.

Thereafter, your account is subject to a variable rate, and the APR may increase. 
The  applicable  periodic  rate  used  to  compute  the  INTEREST  CHARGES  for 
all  advances  is  based  on  an  index  (the “Index”),  which  is  the  Prime  Rate  as 
published in the Money Rates section of The Wall Street Journal on the 10th day 
of the month and is subject to change monthly. If the 10th falls on a weekend or 
a holiday in any given month, then we will use the Prime Rate published on the 
next business day for that month. Any change in the Index will be effective on 
the first day of the billing cycle in the month following the date of the change. 
An increase in the Index may result in an increase in the periodic rate, which 
in turn, may result in higher payments. We retain the discretion not to increase 
your rate when the Index increases, but such action does not preclude us from 
increasing the rate in step with Index increases on future occasions. 

We will add a margin to the Index to determine your daily periodic rate and 
corresponding  APR. The  margin  for VISA  Platinum  Rewards,  and  MasterCard 
Platinum Rewards accounts is set forth in the Rate Disclosure attached to this 
Agreement. 

The daily periodic rates and corresponding APRs for VISA Platinum Rewards, 
and MasterCard Platinum Rewards accounts are set forth in the Rate Disclosure 
attached to this Agreement. The maximum rate for all accounts will never exceed 
a daily periodic rate of .049315%, which corresponds to an APR of 18%.

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, adding in 
any new cash advances and balance transfers, and unless you pay your account 
in full by the “payment due date” shown on the previous monthly statement 
or there is no previous balance, adding in new purchases, and subtracting any 
payments or credits and unpaid INTEREST CHARGES.  This gives us the daily 
balance.  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.

No  additional  INTEREST  CHARGES  will  be  incurred  whenever  you  pay  the 
account  in  full  by  the “payment  due  date”  as  reflected  on  your  most  recent 
monthly statement.  The “payment due date” is not less than 25 days from the 
billing cycle closing date shown on your statement. You may pay any amounts 
outstanding at any time without penalty for early repayment.

7) Other Charges. Please refer to the attached Rate and Fee Disclosures for 
other charges that apply in connection with your credit card account.

8) Credit Insurance. Credit life and/or credit disability insurance is optional. If 
you qualify for and purchase the insurance from us, you authorize us to add the 
insurance premiums monthly to your loan balance and charge you interest on 
the entire balance. If you elect credit insurance, your payments may increase or 
the period of time necessary to repay your advance may be extended. The credit 
insurance rates may change. If the rates change, we will provide any notices 
required by applicable law.

9) Visa Card Liability for Unauthorized Use. If you notice the loss or theft 
of your VISA card or a possible unauthorized use of your VISA card, you should 
call the Credit Card Center immediately at:

(800) 442-4757

Under VISA’s zero liability policy, you will not be liable for unauthorized use 
of your VISA card once you notify us orally or in writing of the loss, theft, or 
possible unauthorized use. The foregoing zero liability policy does not apply 
if you are grossly negligent or fraudulent in the handling of your account or your 
VISA card, nor does it apply in the case of 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.

10) MasterCard Liability for Unauthorized Use. If you notice the loss or 
theft of your MasterCard or a possible unauthorized use of your MasterCard, 
you should call the Credit Card Center immediately at:

(800) 442-4757

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  the  MasterCard; 
(2) you have not reported two or more incidents of unauthorized use of the 
MasterCard within the previous 12 months; and (3) you have maintained your 
account in good standing. The foregoing 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.

11)  Crediting Payments. All payments on 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. All payments made on your account at the 
address designated for payment on the monthly periodic statement or at any 
of our branch offices during our business hours will be credited to your account 
on the date of receipt.  If we receive a payment on a day that is not a business 

day for us or at a time that we are not open, your payment may be credited 
on the first business day following receipt. 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.

12) 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 which the Credit Union reasonably believes endangers your 
ability to repay what you owe.

13) 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 of 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.

14) 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 card or cards you receive remain the 
property of the Credit Union and you must recover and surrender to the Credit 
Union all cards upon request or upon termination of this Agreement whether 
by you or the Credit Union. The Credit Union has the right to require you to 
pay off your full account balance at any time after your account is terminated, 
whether it is terminated by you or the Credit Union.

15)  Unlawful  Transactions.  Your  Credit  Union  credit  card  account(s) 
may  not  be  used  for  any  illegal  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