—  You 
agree to notify us immediately in the event of the loss, theft or unauthorized 
use of your credit card. Contact us in writing at NASA Federal Credit Union, 
P.O. Box 1778, Bowie, Maryland 20717(cid:31)1778  or by calling (301) 249(cid:31) 1800 
or 1(cid:31) 888(cid:31) NASA(cid:31)FC U, ext. 201 (during normal business hours) and 1(cid:31) 800(cid:31)
449(cid:31) 7728  after  hours  (TDD  (301)  390(cid:31) 4521).  You  may  be  liable  for  the 
unauthorized use of your credit card. You will not be liable for unauthorized 
use that occurs after you notify us of the loss, theft, or possible unauthorized 
use, unless you are grossly negligent in the handling of your card. In any 
case, your liability will not exceed $50 for unauthorized cash advances at 
ATMs. You will have no liability for unauthorized purchases made with your 
credit card.

Credit Limit — When we approve your application, we will establish a self(cid:31)
replenishing line of  credit for you  and notify you of its amount when  we 
issue the card. Your credit limit line appears on your billing statements. You 
agree not to let the account balance exceed this approved credit limit. Each 
payment you make on the account will restore your credit limit by the amount 
of the payment which is applied to principal. You may request an increase 
in your credit limit only by application to us, which must be approved by 

raise your credit limit. By giving you written notice our loan committee or 

card and terminate this agreement. Good cause includes, but is not limited 
to your failure to comply with this agreement, or our adverse re(cid:31)ev aluation 
of your creditworthiness. On the card anniversary date or at re(cid:31)i ssue, your 
membership must be in good standing. If any obligation to which you are a 
party with the credit union is in default, a new card may not be sent to you. 
This  constitutes  a termination of your  credit line. You may also terminate 
this agreement at any time, but termination by either of us does not affect 

you owe under this agreement. The cards remain our property and you must 
recover and surrender to us all cards upon request and upon termination of 
this agreement. Convenience checks are no longer valid if the account has 
been suspended or terminated.

Monthly Payment — We will mail you a statement every month showing 
your  previous  balances  of  purchases  and  cash  advances,  the  current 
transactions  on  your  account,  the  remaining  credit  available  under  your 
credit  limit,  the  new  balances  of  purchases  and  cash  advances,  the  total 

fees,  and  the  minimum  payment  required.  Every  month  you  must  pay  at 
least the minimum payment within 25 days of your statement closing date. 
The minimum monthly payment is 3% of your total new balance, or $25, 
whichever is greater. By separate agreement you may authorize us to charge 
the  minimum  payment  automatically  to your share or share draft account 
with  us.  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 

your credit limit, you must immediately pay the excess upon our demand. 
Payments made to your account will be applied in the following order: Fees 
and  Finance  Charges;  Previously  Billed  Purchases;  Cash Advances;  New 
Purchases. We may accept checks marked “payment in full” or with words 
of similar effect without losing any of our rights to  collect the full balance 
of your account with us.

Finance Charge
the full amount of the new balance of purchases each month within 25 days 
of  your  statement  closing  date.  Otherwise,  the  new  balance  of  purchases, 
and subsequent purchases from date they are posted to your account, will 

Penalty Rates — A penalty rate will be imposed for all balances if you are 
sixty (60) or more days late in making a payment. Your non(cid:31)pen alty rate 
may be re(cid:31)es tablished if you make subsequent on(cid:31) time payments for six (6) 
consecutive months.  

calculated on the average daily principal balance. The principal balances of 
purchases and cash advances are determined each day during the statement 
period,  beginning  with  the  principal  portion  of  your  previous  balances, 
reduced  by  payments  you  make  and  credits  we  apply,  and  increased  by 
purchases  and  cash  advances  you  make  and  debit  adjustments  we  make 
during  the  statement  period.  The  daily  principal  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.

The Monthly Periodic Rates and corresponding Annual Percentage Rates are 
disclosed on the application.

Balance  Transfer  Transactions  —  We  may  in  our  sole  discretion make 
balance transfer offers to you or allow balance transfer transactions on your 
account in the future. We may in our sole discretion permit you to transfer 
balances from other accounts or loans with other credit card issuers or other 
lenders to this account, or other balance transfers we may allow. If a portion 
of a requested balance transfer will exceed your available credit access line 
for balance transfers, we may process a partial balance transfer up to your 
available credit access line for balance transfers.

Transaction Fee for Cash Advances  —  For each cash  advance,  we  add 
an  additional  CHARGE of 3% of  the  advanced amount but not less  than 
$5.00. This fee will be added to the cash advance balance. (The amount of the 
cash advance may include a surcharge that the owner of an ATM imposes). 
The cash transaction fee may cause the annual percentage rate on the billing 

annual percentage rate.

Default — You will be in default if you fail to make any minimum payment 
within 5 days after your due date and may be charged a late fee. You will also 
be in default if your ability to repay us is materially reduced by a change in 
your employment, an increase in your obligations, bankruptcy or insolvency 
proceedings  involving  you,  your  death  or  if  the  value  of  our  security 
interest  materially  declines. You  will  be  in  default  if  you  fail  to  abide  by 
this agreement or you make any false or misleading statements in any credit 
application or update of credit information. If you are in default, we have the 
right to suspend or terminate your credit line (See Credit Limit). We have 
the right to demand immediate payment of your full account balance if you 
default, subject to our giving you any notice required by law. To the extent 
permitted by law you will also be required to pay our collection expenses, 
including court costs and reasonable attorneys’ fees plus any fees incurred as 
a result of bankruptcy.

Default Rates — We will impose the default APR on your account if you are 
in default under any other agreement for any other account or loan with us, 
such as you fail to make a payment when due. 

Using The Card — To make a purchase or cash advance, there are two 
alternative procedures to be followed. One is for you to present the card to 

and  sign  the  sales  or  cash  advance  draft  which  will  be  imprinted  with 
your card. The other is to complete the transaction by using your Personal 

Teller  Machine  or  other  type  of  electronic terminal  that  provides  access 
to  the  VISA  system.  The  monthly  statement  will  identify  the  merchant, 

but  sales, cash  advance,  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. The Credit Union may 
make a reasonable charge for photocopies of slips you may request. If you 
wish to pay for goods or services over the Internet, you may be required to 
provide card number security information before you will be permitted to 
complete the transaction.

Illegal Transactions Prohibited — You agree that you will not use your 
card for any transaction that is illegal under applicable federal, state, or local 
law.

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 $1.00 or more, refund it on 
your written request or automatically within six months.

Foreign  Transactions  —  Purchases  and  cash  advances  made  in  foreign 
currencies will be debited from your account in U.S. dollars. The exchange 
rate  between  the  transaction  currency  and  the  billing  currency  used  for 
processing international transactions is a rate selected by Visa from a range 
of rates available in wholesale currency markets for the applicable central 
processing  date.  This  may  vary  from  the  rate  Visa  itself  receives  or  the 
government(cid:31) mandated  rate  in  effect for  the  applicable central processing 
date in each instance plus an additional 1%. The exchange rate used on the 
processing date may differ from the rate that would have been used on the 
purchase date or cardholder statement posting date. 

A fee of 1% of the amount of the transaction, calculated in U.S. dollars, will 
be imposed on all foreign transactions, including purchases, cash advances 
and  credits  to your account. A foreign  transaction  is  any  transaction  that 
you complete or a merchant completes on your card outside of the U.S., 
with exceptions of U.S. military bases, U.S. territories, U.S. embassies and 
U.S. consulates.

Plan Merchant Disputes — We are not responsible for the refusal of any 

claims 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  

In your letter, give us the following information:

participated in sending you; or 

  (b)  your purchase cost more than $50.00 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.

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  the account.  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 under the paragraph 
“Monthly Payment” as provided in this agreement.

As  a
pledge of your Credit Union shares (deposits). You pledge to us 
and grant a security interest in all joint and individual accounts 
you have with us now and in the future, to secure your VISA 
credit  card  account. You  authorize  us  to  apply  the  balance  in 
these account(s) to pay any amounts due under this agreement 
if you should default.

Your account will also be secured by your pledged shares (deposits) and 
by the property described in any other security agreements signed with us, 
except for your home.

Effect of Agreement — This Agreement is the contract which applies to all 
transactions on your account even though the sales, cash advance, credit or 
other slips you sign or receive may contain different terms. We may amend 
this Agreement from time to time by sending you the advance written notice 
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.

Special  Promotions  —  From  time  to  time,  we  may  offer  special 
promotions, under which purchases of goods or services, balance transfers 
or cash advances transactions may be billed to your account with special 

on payments and other terms for special promotions may differ from the 
standard terms described in this Agreement and as may be shown on your 
account statement.

Annual Statement of Billing Rights As Required By Regulation Z

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 Bill.

If you think your bill is wrong, or if you need more information about a 
transaction  on  your  bill,  write  us  as  soon  as  possible  at  P.O.  Box  1588, 
Bowie, MD 20717 1588.We must hear from you no later than 60 days after 

call us, but doing so will not preserve your rights.

  •  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 credit card bill automatically from 
your savings or checking account, you can stop the payment on any  amount 
you think is wrong. To stop the payment, your letter must reach us three (3) 
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 thirty (30) days, unless we 
have corrected the error by then. Within ninety (90) days, we must either 
correct the error or explain why we believe the bill 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 bill you for the 

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 bill that are not in question.

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 that 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 
us within ten (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  bill. 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 

questioned amount, even if your bill 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 
services. There are two limitations on this right: 

  (a)  You must have made the purchase in your home state or, if not  

within your home state, within 100 miles of your current mailing  
address; and 

  (b)  The purchase price must have been more than $50.

These limitations do not apply if we own or operate the merchant, or if we 
mailed you the advertisement for the property or services.

(5/10)

Visa ®  Classic Credit Card 
Agreement and 

Truth in Lending Disclosure

In this agreement the words you or your mean each person who applies 

for a credit card, or who uses the credit card or duplicate credit card. The 
word card means your credit card and duplicates of said card. The word 
account means your credit card revolving credit account. We, us and our(s) 
mean the NASA Federal Credit Union or anyone to whom the Credit Union 
transfers its rights under this agreement.

Responsibility — If we issue you a card, you agree to repay all debts and the 

and severally. For example, you are responsible for charges made by yourself, 
our spouse and minor children. You are also responsible for 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 in 
writing and return all cards that were issued to you. Your obligation to pay 
the account balance continues even though an agreement, divorce decree or 
other court judgment 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  and severally 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 and severally responsible for all charges on the account, 
including yours.

Individual  Credit  —  One  VISA ATM  card  will  be  issued  in your  name 

Joint Credit — Two VISA ATM cards will be issued, one in the applicant’s 
name  and  one  in  the  co applicant’s  name.  Both  cards  will  be  encoded 

co applicant  to  access  and  utilize  your  credit  card  account  through  the 
participating automated teller machine (ATM) networks, subject to the terms 
and disclosure of the credit card agreement and the electronic funds transfer 
disclosure for credit card/ATM access card.

Authorized User — Up to two authorized user cards can be issued on an 
Individual  account  or  Joint  VISA  account.  To  select  an  authorized  user, 
request a separate form.

  —  You  agree  to  notify  us  immediately, 
orally or in writing of the loss, theft or unauthorized use of your Credit Card. 
Contact the Credit Union at P.O. Box 1778, Bowie, Maryland 20717 1778 
or telephone the credit union at 301 249 1800 or 1 888 NASA FCU in the 
Continental United States (TDD telephone number is 301 390 4521).