University First
CREDIT LINE ACCOUNT AGREEMENT AND DISCLOSURE
Federal Credit Union
P. O. Box 58025
THIS IS YOUR CREDIT LINE ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN-LENDING DISCLOSURE
Salt Lake City, UT 84158
STATEMENTS, VISA CRIMSON, VISA CRIMSON (INTRODUCTORY RATE), VISA CRIMSON REWARDS, VISA CRIMSON REWARDS
(801) 481-8800
(INTRODUCTORY RATE), VISA STUDENT REWARDS, VISA STUDENT REWARDS (INTRODUCTORY RATE), VISA SECURED AND VISA
SECURED (INTRODUCTORY RATE) AGREEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE OF YOUR VISA
FAX (801) 481-8820
CRIMSON, VISA CRIMSON (INTRODUCTORY RATE), VISA CRIMSON REWARDS, VISA CRIMSON REWARDS (INTRODUCTORY RATE),
VISA STUDENT REWARDS, VISA STUDENT REWARDS (INTRODUCTORY RATE), VISA SECURED AND VISA SECURED
(INTRODUCTORY RATE) CREDIT CARDS, AND/OR ANY OTHER ACCOUNT ACCESS DEVICE. PLEASE BE CERTAIN TO READ THIS
AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate
VISA Crimson:
9.99 %
-
16.25 %
(APR) For Purchases
This APR will vary with the market based on the Prime Rate.
VISA Crimson (Introductory Rate):
N/A ° introductory APR for
N/A
months.
After that, Your APR will be
N/A and will vary with the market based on the
Prime Rate.
VISA Crimson Rewards:
10.49 % -
16.75%
This APR will vary with the market based on the Prime Rate.
VISA Crimson Rewards (Introductory Rate):
N/A introductory APR for N/A months.
After that, Your APR will be
N/A% and will vary with the market based on the
Prime Rate.
VISA Student Rewards:
16.99 %
-
16.99 %
This APR will vary with the market based on the Prime Rate.
VISA Student Rewards (Introductory Rate):
N/A% introductory APR for N/A months.
After that, Your APR will be
N/A% and will vary with the market based on the
Prime Rate.
VISA Secured:
12.99 % -
12.99 %
VISA Secured (Introductory Rate):
N/A % introductory APR for N/A months.
After that, Your APR will be
N/A%
Annual Percentage Rate
VISA Crimson:
9.99% - 16.25 %
(APR) For Balance
This APR will vary with the market based on the Prime Rate.
Transfers
VISA Crimson (Introductory Rate):
N/A % introductory APR for N/A months.
After that, Your APR will be
N/A% and will vary with the market based on the Prime Rate.
VISA Crimson Rewards:
10.49% -
16.75
%
This APR will vary with the market based on the Prime Rate.
VISA Crimson Rewards (Introductory Rate):
N/A % introductory APR for N/A months.
After that, Your APR will be
N/A % and will vary with the market based on the Prime Rate.
VISA Student Rewards: 16.99 % - 16.99 %
This APR will vary with the market based on the Prime Rate.
VISA Student Rewards (Introductory Rate):
N/A % introductory APR for N/A months.
After that, Your APR will be
N/A% and will vary with the market based on the Prime Rate.
VISA Secured: 12.99 - 12.99 %
VISA Secured (Introductory Rate):
N/A % introductory APR for N/A months.
After that, Your APR will be
N/A %
SEE PAGE 2 for more important information about Your Account
Page 1 of 6
Interest Rate and Interest Charges (continued)
Annual Percentage Rate
VISA Crimson:
9.99 % -
16.25 %
(APR) For Cash Advances
This APR will vary with the market based on the Prime Rate.
VISA Crimson (Introductory Rate):
N/A % introductory APR for N/A months.
After that, Your APR will be
N/A % and will vary with the market based on the
Prime Rate.
VISA Crimson Rewards: 10.49 % - 16.75 %
This APR will vary with the market based on the Prime Rate.
VISA Crimson Rewards (Introductory Rate):
N/A % introductory APR for N/A months.
After that, Your APR will be
N/A % and will vary with the market based on the
Prime Rate.
VISA Student Rewards: 16.99 % - 16.99 %
This APR will vary with the market based on the Prime Rate.
VISA Student Rewards (Introductory Rate):
N/A introductory APR for N/A months.
After that, Your APR will be
N/A and will vary with the market based on the
Prime Rate.
VISA Secured: 12.99% -
12.99 %
VISA Secured (Introductory Rate):
N/A % introductory APR for N/A months.
After that, Your APR will be
N/A%
Overdraft Line of Credit: 13.99 %
-
17.99
Paying Interest
For VISA, We will not charge You interest on purchases if You pay Your entire balance
owed each month within 25 days of Your statement closing date.
For all Feature Categories, We will begin charging interest on cash advances and balance
transfers on the transaction date.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a Credit Card,
the Consumer Financial
visit the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Transaction Fees
Cash Advance
For VISA, 1.50% of each cash advance.
Foreign Transaction
For VISA, 0.80% of each foreign currency transaction in U.S. Dollars.
For VISA, 1.00% of each U.S. Dollar transaction that occurs in a foreign country.
Penalty Fees
Late Payment
Up to $25.00
Over-The-Credit Limit
Except for VISA, $10.00
Returned Payment
For VISA, up to $10.00
Except for VISA, $10.00
How We Will Calculate Your Balance: Except for VISA, We use a method called "daily balance." For VISA, We use a method
called "average daily balance (including new purchases)." See Your Account Agreement for details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in Your
Account Agreement.
SEE PAGE 1 for more important information about Your Account
Page 2 of 6
In this Agreement, the reference to "We," "Us," "Our," and "Credit Union" mean UNIVERSITY FIRST FEDERAL CREDIT UNION. The words "You" and "Your"
mean each person accepting this Agreement. If this is a joint Account, read singular pronouns in the plural. The words "Card" and "Credit Card" mean any VISA
Crimson, VISA Crimson (Introductory Rate), VISA Crimson Rewards, VISA Crimson Rewards (Introductory Rate), VISA Student Rewards, VISA Student Rewards
(Introductory Rate), VISA Secured or VISA Secured (Introductory Rate) Credit Card issued to You by Us and any duplicates or renewals. "Convenience Checks"
mean the special Account access devices that We may provide for Your use from time to time.
You, as the Borrower, under a Credit Line Account ("Account"), understand that the following Federal Disclosure Statement and the terms and conditions found
herein constitute Our Agreement with You. You may request advances on Your Account through a variety of means which could include (but may not be limited
to) telephonic requests, advance request forms, vouchers, checks, charge slips, Convenience Checks, debit cards, ATM cards, Credit Cards, wire transfers, direct
transfers and/or wire transfers to specific payees identified by You, direct transfers to Your share/share draft or other Credit Union account and the like.
Regardless of the means by which any advance is made, You promise to pay Us all amounts charged to Your Account by You or by any user who has access to
Your Account, with actual, apparent or implied authority for use of Your Account, including Finance Charges and other fees or charges described herein.
FEATURE CATEGORIES. Your Account has Feature Categories which may include Overdraft Line of Credit, VISA Crimson, VISA Crimson (Introductory Rate),
VISA Crimson Rewards, VISA Crimson Rewards (Introductory Rate), VISA Student Rewards, VISA Student Rewards (Introductory Rate), VISA Secured or VISA
Secured (Introductory Rate).
Variable Rate
Daily
ANNUAL
Periodic
PERCENTAGE
Feature Category
Index
Margin
Rate
RATE
VISA Crimson
Prime %
4.74-11.00
%
%
VISA Crimson (Introductory Rate)
N/A %
%
%
%
VISA Crimson Rewards
Prime %
5.24-11.50
%
%
VISA Crimson Rewards (Introductory Rate)
N/A %
%
%
%
VISA Student Rewards
Prime %
11.74
%
%
VISA Student Rewards (Introductory Rate)
N/A %
%
%
%
VISA Secured
%
%
VISA Secured (Introductory Rate)
%
%
Overdraft Line of Credit
%
%
ADVANCES. Whenever You request a transaction, We may require You to
ACCOUNT RESTRICTIONS. In order to receive and maintain a VISA Secured
prove Your identity. Advances made on Your Account will be processed
or VISA Secured (Introductory Rate) Feature Category, You agree to give Us a
according to the instructions You give Us (such as by wire transfer, direct
specific pledge of shares which will be equal to 110% of Your Credit Limit. In
transfer to Your Credit Union account or by other such means) and You
the event that You default on Your VISA Secured or VISA Secured
authorize Us to do this, or We may draw a draft or check made payable to
(Introductory Rate) Feature Category, We may apply these shares toward the
You and mail it to You. When the amount advanced appears on a subsequent
repayment of any amount owed on such Feature Category. You may cancel
statement, that will be conclusive evidence of Your advance request unless
Your VISA Secured or VISA Secured (Introductory Rate) Feature Category at
You notify Us that You disagree with any such item appearing on Your
any time by paying any amounts owed on that Feature Category. To be
periodic statement according to the provision of this Agreement titled "Your
certain that Your entire balance and all advances are paid, any shares pledged
Billing Rights: Keep this Document for Future Use." You understand that
may not be available to You for 30 days after You have cancelled and any
whether or not any specific secured advance request is approved may be
outstanding balance is paid in full.
determined by how much equity You have or will have in the shares and/or
certificates offered as security.
LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for
each Feature Category for which You are approved. Unless You are in default,
SECURITY. As permitted by law, to secure all transactions under this
any Credit Limits established for You will generally be self-replenishing as You
Agreement in either joint or individual Accounts, We have the right to impress
make payments.
and enforce a statutory lien against Your shares on deposit with Us (other
than those deposits established under a governmental approved tax deferral
You will keep Your unpaid balance within Your Credit Limit set by Us, and You
plan such as an IRA or Keogh account), and any dividends due or to
will pay any amount over Your Credit Limit on Our demand whether or not We
become due to You from Us to the extent that You owe on any unpaid
authorize the advances which caused You to exceed Your Credit Limit. Even if
balance on Your Account and We may enforce Our right to do so without
Your unpaid balance is less than Your Credit Limit, You will have no credit
further notice to You. Additionally, You agree that We may set-off any
available during any time that any aspect of Your Account is in default.
mutual indebtedness.
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally,
You acknowledge that You own any shares and/or certificates pledged as
for the repayment of any amounts owed. If any Account access device, such
security and that there are no other liens against them other than Ours. You
as a Personal Identification Number (PIN) is requested and approved, You
agree to perform all acts which are necessary to make Our security interest in
understand that any such Account access device(s) will be mailed only to the
the shares and/or certificates being pledged enforceable.
primary Borrower at the address that We have on file for You. We may refuse
to follow any instructions which run counter to this provision.
For advances under any certificate secured Feature Category, all certificates
which are pledged as Collateral must be renewed until Your outstanding
MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You
Account balance is paid in full and Your right to future advances under such
need only pay the Minimum Monthly Payments, You understand that You
Feature Category has been terminated. Failure to renew any certificates
have the right to repay at any time without penalty. You also understand that
securing any advance will cause Your entire outstanding Account balance to
You will only be charged periodic Finance Charges to the date You repay Your
become immediately due and payable.
entire balance. You may make larger payments without penalty. Any partial
payment or prepayment will not delay Your next scheduled payment. All
OTHER SECURITY. Collateral (other than household goods or any dwelling)
payments to Us must be in lawful money of the United States. We may apply
given as security under this Agreement or for any other loan You may have
each payment to whichever Feature Category We wish. For all Feature
with Us will secure all amounts You owe Us now and in the future if that
Categories (except VISA), payments will be applied first to any Late Charges
status is reflected in the "Truth-in-Lending Disclosure" in any particular
owing, then to the Finance Charge due, then to the outstanding principal
Agreement evidencing such debt.
balance. As permitted by law, We may apply VISA payments in an order of
Our choosing.
CONSENSUAL LIEN ON SHARES. If You have been issued a Credit Card, debit
card or ATM card, You grant and consent to a lien on Your shares with Us
Any unpaid portion of the Finance Charge will be paid by subsequent
(except for IRA and Keogh accounts) and any dividends due or to become due
payments and will not be added to Your principal balance. You understand
to You from Us to the extent You owe on any unpaid Credit Card balance
that any delay in the repayment of Your unpaid balance will increase Your
and/or Overdraft Line of Credit balance created through the use of Your debit
periodic Finance Charges and any acceleration in the repayment of Your
card or ATM card.
unpaid balance will decrease Your periodic Finance Charges.
Page 3 of 6
)
Minimum payments for each Feature Category will be an amount equal to
For VISA Secured (Introductory Rate), during the -month
period
2.50% of Your then unpaid balance owed on such Feature Category, subject
immediately following the date that Your Account is established, purchase,
to the lesser of $10.00 or Your balance.
balance transfer, and cash advance transactions will accrue finance charges at
an introductory Daily Periodic Rate of
% (corresponding to an
You may, by separate agreement, authorize Us to charge Your payment
ANNUAL PERCENTAGE RATE of
%). Upon the expiration of the
directly to Your share or share draft account.
introductory rate period, the entire balance of purchases, balance transfers,
and cash advances existing at that time and in the future will accrue
LATE CHARGE (EXCEPT VISA). If Your payment is more than 10 days late,
finance charges at the non-introductory variable rate described elsewhere in
You will be charged the greater of $10.00 or 5.00% of the payment due,
this Agreement.
subject to a $25.00 maximum.
VISA VARIABLE RATE. If Your VISA Feature Category is subject to a variable
OTHER FEES AND CHARGES (EXCEPT VISA). You will be charged the
rate, then all advances obtained under such Feature Category are subject to a
following fees associated with the use of Your Account: (a) $10.00 for any
variable rate. Increases or decreases in the Interest Rate will cause like
check (or other negotiable instrument used for payment) which is returned
increases or decreases in the Finance Charge on the 1st calendar day of each
unpaid; and (b) $10.00 for each billing cycle during which You exceed Your
month of each year ("Change Date"). The index is the highest Prime Rate as
Credit Limit.
published in the Money Rates section of The Wall Street Journal in effect on
the day that immediately precedes each Change Date ("Index"). The Index
FINANCE CHARGES (EXCEPT VISA). A Finance Charge will be assessed on
plus the Margin equals the Interest Rate. Changes in the Interest Rate will
any unpaid principal balance for each Feature Category of Your Account for
cause like changes in the Finance Charge and will affect the number of Your
the period such balance is outstanding. Balances change each time advances
regularly scheduled payments. Your Interest Rate will never be greater than
are made, payments are made or credits given under any Feature Category.
18.00% and will apply to Your remaining principal balance.
The Finance Charge begins to accrue on the date of each advance and there
is no grace period.
OVERDRAFTS. We may transfer funds in the amount necessary (or in such
increments as We may from time to time determine) to Your share draft
HOW TO DETERMINE THE FINANCE CHARGE (EXCEPT VISA). For all Feature
account by an advance on Your Overdraft Line of Credit Feature Category,
Categories (except VISA), the Finance Charge is determined by multiplying
subject to this provision, to clear any overdraft on Your share draft account.
Your unpaid balance at the close of each day in the billing cycle being
Whether or not such transfers occur will be controlled by this Agreement. In
accounted for by the applicable Daily Periodic Rate. The unpaid balance is the
any event, You hold Us harmless for any and all liability which might
balance each day after payments, credits, and unpaid Finance Charges to that
otherwise arise if the transfer does not occur. Overdraft protection
balance have been subtracted and any new advances, insurance premiums or
automatically ceases if this Agreement is ever cancelled or terminated or Your
other charges have been added to Your unpaid balance. These daily Finance
Account is in default.
Charges are then added together and the sum is the amount of the Finance
Charge owed for the Feature Category being accounted for. The total Finance
PERIODIC STATEMENTS. On a regular basis, You will receive a statement
Charge You owe on Your Account for each billing cycle is the sum of all the
showing all transactions on Your Account including amounts paid and
Finance Charges due for all applicable Feature Categories.
borrowed since Your last statement. We will mail You a statement each
month in which there is a debit or credit balance or when a Finance Charge is
VISA FINANCE CHARGES. In the case of any transactions under Your VISA
imposed. We need not send You a statement if We feel Your Account is
Crimson, VISA Crimson (Introductory Rate), VISA Crimson Rewards, VISA
uncollectible or if We have started collection proceedings against You because
Crimson Rewards (Introductory Rate), VISA Student Rewards, VISA Student
You defaulted. EACH STATEMENT IS DEEMED TO BE A CORRECT
Rewards (Introductory Rate), VISA Secured or VISA Secured (Introductory
STATEMENT OF ACCOUNT UNLESS YOU ESTABLISH A BILLING ERROR
Rate) Feature Categories, the balances subject to the periodic Finance Charge
PURSUANT TO THE FEDERAL TRUTH-IN-LENDING ACT.
are the average daily transactions balances outstanding during the month
(including new transactions). To get the average daily balance, We take the
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under
beginning balance each day, add any new purchases, balance transfers, cash
no obligation to honor Your Convenience Checks if: (1) by paying
a
advances, insurance premiums, debit adjustments or other charges and
Convenience Check, You would exceed Your Credit Limit; (2) Your Cards or
subtract any payments, credits and unpaid Finance Charges. This gives Us the
Convenience Checks have been reported lost or stolen; (3) Your Account has
daily balance. Then, We add up all the daily balances for the billing cycle and
been cancelled or has expired. If a postdated Convenience Check is paid and,
divide them by the number of days in the billing cycle. The Finance Charge for
as a result, any other Convenience Check is returned unpaid, We are not
a billing cycle is computed by multiplying the average daily balance subject to
responsible for any resulting loss or liability.
a Finance Charge by the Daily Periodic Rate times the number of days in the
billing cycle.
DEFAULT. You will be in default if: (a) You do not make any payment or
perform any obligation under this Agreement, or any other agreement that
You can avoid Finance Charges on purchases by paying the full amount of the
You may have with Us; or (b) You should die, become involved in any
entire balance owed each month within 25 days of Your statement closing
insolvency, receivership or custodial proceeding brought by or against You; or
date. Otherwise, the new balance of purchases, and subsequent purchases
(c) You have made a false or misleading statement in Your credit application
from the date they are posted to Your Account, will be subject to a Finance
and/or in Your representations to Us while You owe money on Your Account;
Charge. Balance transfers and cash advances are always subject to a Finance
or (d) A judgment or tax lien should be filed against You or any attachment
or
Charge from the later of the date they are posted to Your Account or
garnishment should be issued against any of Your property or rights,
from the first day of the billing cycle in which the transaction is posted to
specifically including anyone starting an action or proceeding to seize any of
Your Account.
Your funds on deposit with Us; and/or (e) We should, in good faith, believe
Your ability to repay Your indebtedness hereunder is or soon will be impaired,
For VISA Crimson (Introductory Rate), during the
-month period
time being of the very essence.
immediately following the date that Your Account is established, purchase,
balance transfer, and cash advance transactions will accrue finance charges at
Upon any occurrence of default, We may, to the extent permitted by law,
an introductory Daily Periodic Rate of
% (corresponding to an
cancel Your rights under this Agreement, require the return of all access
ANNUAL PERCENTAGE RATE of
%). Upon the expiration of the
devices and declare the entire balance of every Feature Category of Your
introductory rate period, the entire balance of purchases, balance transfers,
Account immediately due and payable, without prior notice or demand.
and cash advances existing at that time and in the future will accrue
finance charges at the non-introductory variable rate described elsewhere in
COLLECTION COSTS. In the event collection efforts are required to obtain
this Agreement.
payment on this Account, to the extent permitted by law, You agree to pay
all court costs, private process server fees, investigation fees or other costs
For VISA Crimson Rewards (Introductory Rate), during the
-month period
incurred in collection and reasonable attorneys' fees incurred in the course of
immediately following the date that Your Account is established, purchase,
collecting any amounts owed under this Agreement or in the recovery of
balance transfer, and cash advance transactions will accrue finance charges at
any Collateral.
an introductory Daily Periodic Rate of
% (corresponding to an
ANNUAL PERCENTAGE RATE of
%). Upon the expiration of the
ENFORCEMENT. We do not lose Our rights under this or any related
introductory rate period, the entire balance of purchases, balance transfers,
agreement if We delay enforcing them. We can accept late payments, partial
and cash advances existing at that time and in the future will accrue
payments or any other payments, even if they are marked "paid full"
finance charges at the non-introductory variable rate described elsewhere in
without losing any of Our rights under this Agreement. If any provision of this
this Agreement.
or any related agreement is determined to be unenforceable or invalid, all
other provisions remain in full force and effect.
For VISA Student Rewards (Introductory Rate), during the
-month period
immediately following the date that Your Account is established, purchase,
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You
balance transfer, and cash advance transactions will accrue finance charges at
move or otherwise have a change of address.
an introductory Daily Periodic Rate of
% (corresponding to an
ANNUAL PERCENTAGE RATE of
%). Upon the expiration of the
CHANGE IN TERMS. We may change the terms of this Agreement by mailing or
introductory rate period, the entire balance of purchases, balance transfers,
delivering to You written notice of the changes as prescribed by the Federal
and cash advances existing at that time and in the future will accrue
Truth-In-Lending Act. To the extent permitted by law, the right to change the
finance charges at the non-introductory variable rate described elsewhere
in
terms of this Agreement includes, but is not limited to, the right to change the
this Agreement.
periodic rate applicable to Your unpaid balance and/or future advances.
Page 4 of 6
CREDIT INSURANCE. Credit insurance is not required for any extension of
central processing date, which rate may vary from the rate VISA itself
credit under this Agreement. However, You may purchase any credit
receives; or (b) the government-mandated rate in effect for the applicable
insurance available through Us and have the premiums added to Your
central processing date. For transactions that are initiated in a foreign
outstanding balance. If You elect to do so, You will be given the necessary
currency, You will be charged 1.00% of the final settlement amount. For
disclosures and documents separately.
transactions occurring in foreign countries and initiated in U.S. Dollars, You
will be charged 0.80% of the final settlement amount.
INTEGRATED DOCUMENTS. Any separate sheet of paper labeled "Additional
Disclosure Federal Truth-In-Lending Act," which is delivered together with
TRANSACTION SLIPS. Your monthly statement will identify that merchant,
this Agreement or at a later date becomes an integrated part of this
electronic terminal or financial institution at which transactions were made,
Agreement and Disclosure.
but sales, cash advances, credit or other slips cannot be returned with
the statement.
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this
Agreement. By signing the application; or by using Your Account or any
LATE CHARGE. If Your payment is more than 10 days late, You will be charged
Account access device; or by authorizing another to use Your Account, You
the lesser of: (a) the amount of the minimum payment due; or (b) the greater of
agree to and accept its terms.
$10.00 or 5.00% of the payment due, subject to a $25.00 maximum.
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide
OTHER FEES AND CHARGES. You will be charged the following fees
facts to update information contained in Your original Account application or
associated with the use of Your Card: (a) the lesser of $10.00 or the required
other financial information related to You, at Our request. You also agree that
minimum payment amount for the returned payment for any check (or other
We may, from time to time, as We deem necessary, make inquiries pertaining
negotiable instrument used for payment) which is returned unpaid; (b) a cash
to Your employment, credit standing and financial responsibility in accordance
advance fee FINANCE CHARGE equal to 1.50% of each such advance You
with applicable laws and regulations. You further agree that We may give
obtain; (c) $5.00 for each replacement Card You request; (d) $8.00 for each
information about the status and payment history of Your Account to
merchant sales slip copy that You request; (e) $20.00 per hour each time You
consumer credit reporting agencies, a prospective employer or insurer, or a
request that We perform research on Your Account; (f) $5.00 each time You
state or federal licensing agency having any apparent legitimate business need
request Our assistance via telephone to pay Your payment from an account at
for such information.
another financial institution; (g) $2.00 for each statement copy (whose original
origination date, as of the date requested, precedes that of the prior calendar
TERMINATION. Either You or We may cancel Your Account or any particular
quarter) that You request; and (h) an expedited delivery charge equal to the
Feature Category of Your Account, at any time, whether or not You are in
actual cost delivery.
default. You will, in any case, remain liable to pay any unpaid balances
according to the terms of Your Account.
LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit
Cards or Convenience Checks, You will immediately call Us at (801) 481-8800
GOVERNING LAW. This Agreement is controlled and governed by the laws of
or write to Us at P.O. Box 58025, Salt Lake City, UT 84158.
the State of Utah except to the extent that such laws are inconsistent with
controlling federal law.
CREDITS. If a merchant who honors Your Card gives You credit for returns or
adjustments, they will do so by sending Us a slip which will be posted to Your
TERMS APPLICABLE TO YOUR VISA CRIMSON, VISA CRIMSON
Account. If Your credits and payments exceed what You owe Us, We will hold
(INTRODUCTORY RATE), VISA CRIMSON REWARDS, VISA CRIMSON
and apply this credit against future purchases and cash advances, or if it is
REWARDS (INTRODUCTORY RATE), VISA STUDENT REWARDS,
$1.00 or more refund it on Your written request or automatically deposit it to
VISA STUDENT REWARDS (INTRODUCTORY RATE), VISA SECURED
Your Share Account after 6 months.
AND VISA SECURED (INTRODUCTORY RATE) CREDIT CARDS
Your Billing Rights: Keep this Document for Future Use
USE OF YOUR CARD. You may use Your Card to buy goods and services in
any place that it is honored and to get cash advances at participating financial
This notice tells You about Your rights and Our responsibilities under the Fair
institutions. You agree not to use Your Card for illegal transactions including,
Credit Billing Act.
but not limited to, advances made for the purpose of gambling and/or
wagering where such practices are in violation of applicable state and/or
What To Do If You Find A Mistake On Your Statement
federal law.
If You think there is an error on Your statement, write to Us at Our address
OWNERSHIP. Your Card remains Our property and may be cancelled by Us at
shown in this Agreement. In Your letter, give us the following information:
any time without notice. You agree to surrender Your Card and to discontinue
its use immediately upon Our request.
Account information: Your name and Account number.
Dollar amount: The dollar amount of the suspected error.
ISSUANCE OF A PERSONAL IDENTIFICATION NUMBER. For Cards involved in
Description of problem: If You think there is an error on Your bill, describe
the instant-issue process, We will issue, upon Your request, a Personal
what You believe is wrong and why You believe it is a mistake.
Identification Number (PIN) for use with participating Automated Teller
Machines (ATMs). This PIN is confidential and should not be disclosed
You must contact Us:
to anyone.
Within 60 days after the error appeared on Your statement.
For Cards not involved in the instant-issue process, We will issue,
At least 3 business days before an automated payment is scheduled, if
automatically, a Personal Identification Number (PIN) for use with participating
You want to stop payment on the amount You think is wrong.
Automated Teller Machines (ATMs). This PIN is confidential and should not be
disclosed to anyone.
You must notify Us of any potential errors in writing. You may call Us, but if
You do We are not required to investigate any potential errors and You may
You may use Your PIN to access Your Account and all sums advanced will be
have to pay the amount in question.
added to Your Account balance. In the event a use of Your PIN constitutes an
Electronic Fund Transfer, the terms and conditions of Your Electronic Fund
What Will Happen After We Receive Your Letter
Transfer Agreement may also affect Your rights.
When We receive Your letter, We must do two things:
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or
other slips You may sign or receive when using Your Card contain terms, this
1
Within 30 days of receiving Your letter, We must tell You that We
Agreement is the contract which solely applies to all transactions involving
received Your letter. We will also tell You if We have already corrected
the Card.
the error.
2) Within 90 days of receiving Your letter, We must either correct the error
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your
or explain to You why We believe the bill is correct.
Card. You will not be liable for the unauthorized use that occurs after You
notify Us of the loss, theft, or possible unauthorized use by calling Us at
While We investigate whether or not there has been an error:
(801) 481-8800 or by writing to Us at P.O. Box 58025, Salt Lake City, UT
84158. In any case, Your liability will not exceed $50.00.
We cannot try to collect the amount in question, or report You as
delinquent on that amount.
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable
The charge in question may remain on Your statement, and We may
for the refusal or inability of merchants, financial institutions and others to
continue to charge You interest on that amount.
accept the Cards or Convenience Checks, or electronic terminals to honor the
We can apply any unpaid amount against Your Credit Limit.
Cards or complete a Card withdrawal, or for their retention of the Cards or
Convenience Checks.
After We finish Our investigation, one of two things will happen:
FOREIGN TRANSACTIONS. For transactions initiated in foreign countries and
If We made a mistake: You will not have to pay the amount in question or
foreign currencies, the exchange rate between the transaction currency and
any interest or other fees related to that amount.
the billing currency (U.S. dollars) will be: (a) a rate selected by VISA from the
If We do not believe there was a mistake: You will have to pay the
range of rates available in wholesale currency markets for the applicable
amount in question, along with applicable interest and fees. We will send
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You a statement of the amount You owe and the date payment is due.
remaining amount due on the purchase. To use this right, all of the following
We may then report You as delinquent if You do not pay the amount We
must be true:
think You owe.
1) The purchase must have been made in Your home state or within 100
If You receive Our explanation but still believe Your bill is wrong,
miles of Your current mailing address, and the purchase price must have
You must write to Us within 10 days telling Us that You still refuse to pay. If
been more than $50.00 (Note: Neither of these are necessary if Your
You do so, We cannot report You as delinquent without also reporting that
purchase was based on an advertisement We mailed to You, or if We own
You are questioning Your bill. We must tell You the name of anyone to whom
the company that sold You the goods or services.)
we reported You as delinquent, and We must let those organizations know
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
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 $50.00 of the amount You
Credit Card account do not qualify.
3) You must not yet have fully paid for the purchase.
question even if Your bill is correct.
If all of the criteria above are met and You are still dissatisfied with the
Your Rights If You Are Dissatisfied
purchase, contact Us in writing at P.O. Box 58025, Salt Lake City, UT 84158.
With Your Credit Card Purchases
While We investigate, the same rules apply to the disputed amount as
If You are dissatisfied with the goods or services that You have
discussed above. After We finish Our investigation, We will tell You Our
purchased with Your Credit Card, and You have tried in good faith to correct
decision. At that point, if We think You owe an amount and You do not pay,
the problem with the merchant, You may have the right not to pay the
We may report You as delinquent.
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