VARIABLE RATE CREDIT CARD  
AGREEMENT AND DISCLOSURES 

CONTENTS: 

Agreement Information 
Terms ............................................................................................ p.1 
Pledge of Shares and Security Interest .......................................... p.1 
Security Agreement ....................................................................... p.1 

Use of the Account 
1.  Using Your Account ................................................................ p.2 
2.  ATM Access ............................................................................ p.2 
3.  Maximum Credit Limit ............................................................ p.2 
4.  Finance Charges ..................................................................... p.3 
5.  Convenience Checks ............................................................... p.3 
6.  Foreign Currency/Cross Border Transactions ......................... p.3 
7.  Merchant Disputes ................................................................. p.4 
8. 
Illegal Transactions ................................................................. p.4 
9.  Your Liability ........................................................................... p.4 

Billing Information 
10.  Monthly Statement ................................................................ p.4 
11.  Minimum Payment Due .......................................................... p.4 
12.  Fees ........................................................................................ p.5 
13.  Promotional Rate Finance Charges ......................................... p.5 
14.  Returns, Adjustments, Credit Balances ................................... p.5 

Payment Information 
15.  Payments ................................................................................ p.5 
16.  Automatic Payment Option .................................................... p.5 
17.  Skip Payment Option .............................................................. p.6 

Default and Collections 
18.  Default ................................................................................... p.6 
19.  Collection Costs ...................................................................... p.6 

Other Provisions 
20.  Change of Name, Address, or Employment ............................ p.6 
21.  Updating and Disclosing Financial Information ...................... p.6 
22.  Correcting a Credit Report ...................................................... p.6 
23.  Closing Your Account .............................................................. p.6 
24.  Changing this Agreement ....................................................... p.7 
25.  Delay in Enforcement/Waivers ............................................... p.7 
26.  Additional Benefits/Card Enhancements ................................ p.7 
27.  UChoose Rewards® ................................................................. p.7 
28.  Overdraft Protection  ............................................................. p.7 
29.  Additional Terms of Agreement ............................................. p.7 

Your Billing Rights ........................................................................... p.8 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
THIS IS YOUR AGREEMENT AND DISCLOSURE STATEMENT WITH SOUTH CAROLINA FEDERAL CREDIT UNION.    PLEASE  READ  IT 
CAREFULLY  AND  KEEP  IT  FOR  YOUR  RECORDS.    IT  SUPERSEDES  ALL PRIOR  AGREEMENTS  AND  DISCLOSURE  STATEMENTS 
RELATING TO YOUR ACCOUNT.  YOU DO NOT HAVE TO SIGN THIS AGREEMENT.  YOUR AGREEMENT TO ALL OF THESE PROVISIONS, 
AS AMENDED FROM TIME TO TIME INCLUDING THE CARD ISSUED BY US, WILL BE SHOWN BY YOUR APPLICATION FOR THE CARD, 
YOUR ACCEPTANCE OF THE CARD, OR YOUR USE OF THE CARD, WHICHEVER OCCURS FIRST. 

Terms. In  this  Agreement, the  word  "Card"  means  either  one  or  more  MasterCard® credit  cards  or  any  duplicates, renewals  or 
substitutions we  issue.  The  words, "you,"  "your," and  "yours" mean  all  cardholders (borrowers and  co-borrowers);  anyone  any 
cardholder permits to use the Card(s); as well as any authorized user for whom an additional Card(s) is issued to the extent of their 
purchases and cash advances, as well as transactions by anyone they permit to use the Card(s).  The word "cardholder" means any 
applicant or co-applicant to whom a Card is issued by us. The words, "Credit Union," "we," "us," "our", and “South Carolina Federal” 
mean South Carolina Federal Credit Union. The word "Convenience Checks" means one or more checks that we may send to you to 
access your Credit Card Account. 

Pledge of Shares and Security Interest. BY  SIGNING  AN  APPLICATION, ACCEPTANCE OR  AUTHORIZED USE  OF  ANY  CREDIT  CARDS, 
YOU  GRANT  AND  PLEDGE  A  CONSENSUAL  LIEN  TO  US  ON  ALL  SHARES  TO  SECURE  PAYMENT  OF  YOUR  OBLIGATIONS ON  THIS 
ACCOUNT.  IN ADDITION, YOU ACKNOWLEDGE OUR STATUTORY LIEN RIGHTS UNDER THE FEDERAL CREDIT UNION ACT; YOU AGREE 
THAT  SUCH  A LIEN IS  IMPRESSED AS OF  THE DATE THAT  THIS  ACCOUNT IS  OPENED;  AND  YOU  AGREE THAT  WE  CAN  APPLY THE 
SHARES PLEDGED  AT  THE  TIME  OF  ANY  DEFAULT  ON  THIS  ACCOUNT  WITHOUT  FURTHER  NOTICE.  “Shares”, for  the purpose of 
your pledge to secure your obligations to the Credit Union, means all deposits in any share  savings,  share  draft,  club,  certificate, 
P.O.D.,  revocable  trust  or  custodial  account(s),  whether jointly or individually held --  regardless of contributions that you have 
on  deposit  now  or  in  the  future. Your  pledge  does  not  include  any  I.R.A.,  Keogh,  tax  escrow,  irrevocable  trust  or  fiduciary 
account  in which you do not have a vested ownership interest. 

Security Agreement:  “Non-Purchase-Money Security Interests” Payments on  your Account are secured by any security interest  in 
any  property securing  your  other  obligations to  the  Credit  Union,  whether existing  now  or in the future, except your household 
goods and your primary residence. “Purchase-Money Security Interests” You hereby  grant  Credit  Union  security  interest  in  all 
property  purchased/acquired  by  you  or  any  authorized  user pursuant  to  the  use  of  this  Account,  including a  purchase-money 
security  interest  in  any  household  goods purchased/acquired with  an  extension of  credit  upon  this  Account.    These  Purchase-
Money Security  Interests shall  secure  faithful  performance of  all  obligations arising  under  this  Agreement; and  the  Credit  Union 
shall  have  all  of  the  rights  of  a  secured  party  in  accordance  with  Article  Nine  of  the  Uniform  Commercial  Code  and/or  other 
applicable law. 
1.  Using  Your  Account.  You  must  sign  the  Card  in  order  to  use  it.  You  can  purchase  or  lease  goods  and services ("Purchases") 
from any merchant who honors your Card up to your maximum credit limit by presenting your Card and signing a sales receipt 
or writing a Convenience Check for the amount of the Purchase. You  may  also  use  the  Card  to  obtain  Cash  Advances  up  to 
your  maximum  credit 
limit  from  financial  institutions  that  accept  the  MasterCard  credit  card,  and  by  use  of  preprinted 
Convenience Checks that the Credit Union may issue to you. You authorize us to honor any Purchase or Cash Advance you make 
by telephone, internet or mail on this account.  You agree that a signature is not necessary as identification in such cases. 
You agree not to present your Card, obtain a Cash Advance or write a Convenience Check for any extension of credit in excess of 
your  available Credit Limit (the difference between your outstanding balance and  your maximum credit limit) on  your account. 
Certain  purchases and  cash  advances  require  authorization prior  to completion of the transaction.  In some cases, you may be 
asked to provide identification.  If our system is not working,  we  may  not  be  able  to  authorize  a  transaction,  even  though  you 
have  sufficient  credit  available. Also, for security reasons, we may block the use of your Card in certain countries or geographic 
areas.  We will have no liability to you or others if any of these events occur. 

2.  ATM Access. If you have received a personal identification number (PIN), you may use your Card and PIN to obtain Cash Advances 
at any ATM that accepts your Card.   Your PIN is confidential and should not be disclosed to anyone.   You agree not to write your 
PIN  on  your  Card,  you  will  not  keep  your  Card  and  PIN together, and  you will not provide your PIN to anyone who is not an 
authorized user.  Owners of  ATMs that we  do  not  own may charge fees in  addition to  any fees disclosed in  this  Agreement or 
other Credit Card Disclosures that you receive. Any fees that we charge or that others charge for this service will be added to your 
account. The party charging the fee is required to provide appropriate disclosures to you with regard to any such fees. 

3.  Maximum Credit Limit. Your Maximum Credit Limit will appear on the folder in which you receive your Card and on your monthly 
statement. The credit limit is based on your creditworthiness and our underwriting standards. At our discretion, we may change 
your credit limit at any time, and may provide separate limits for purchases and for cash advances.  We will notify you if we do, 
either by mail or through your monthly billing statement. You may request a change to your credit limit by contacting the Credit 
Union by telephone or mail. Your continued use of the card will show your agreement to any such increase.  If you object to an 
increase in your credit limit, you must notify the Credit Union in  writing.   Upon receipt of  such notice, your credit limit will be 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
 
 
 
 
reduced  to  its  prior  limit;  however,  you  will  be  responsible  to  pay  any  amounts  by  which  you  have exceeded the reduced 
limit. You agree to pay any amounts you owe that exceed your maximum credit balance  upon  demand.  You  agree  we  are  not 
obligated  to  extend  to  you  credit  for  any  amount  that  would cause your outstanding balance to exceed your Maximum Credit 
Limit, or for any amount if your outstanding balance already exceeds your Maximum Credit Limit. Any increase in your Maximum 
Credit  Limit  requested by you will require you to make a new application for our approval. In assessing your credit limit under 
the provisions in this Section (either at our discretion or upon request): (a) we may and you authorize us to review your  credit 
history, including consumer credit reports; (b) you authorize us to have this review made by third parties to determine whether 
you meet the criteria we have set for such an increase; and (c) this process shall not be pre-screening under the Fair Credit Reporting 
Act or other applicable laws or regulations based on our existing relationship and this Agreement. 
ATM and Over-the-Counter Cash Advance Limits. Advances at authorized ATM's are limited to a total of $500.00 during any 24-
hour period. Over-the Counter cash advances are limited to three per day and based on your credit limit. 

4.  Finance Charges.  You agree to pay the FINANCE CHARGE on your account. A FINANCE CHARGE computed on a monthly periodic 
rate ("MPR") will begin to accrue for new Purchases, if you do not pay the New Balance in full within 25 days after the billing date of 
the statement on which the new Purchases first appear according to the Grace Period above. A FINANCE CHARGE computed on a 
monthly periodic rate ("MPR") will begin to accrue on the transaction date of Cash Advance(s) or Purchases (except as provided 
above), or the first day of the billing cycle, whichever is later, and will continue to be imposed until you have paid any outstanding 
balance in full. The Credit Union calculates the FINANCE CHARGE as follows: 

a.  The  FINANCE  CHARGE  will  be  figured  by  applying  the  monthly  periodic  rate  to  the  average  daily balance of Purchases 
and Cash Advances.  Your Annual Percentage Rate (APR) is determined based on your creditworthiness and will be provided to 
you separately either in writing or electronically at the time your credit card is approved. 

APR = Prime + Margin 

Prime Rate +  5.00% 
Prime Rate +  7.00% 
Prime Rate +  9.00% 
Prime Rate + 14.65% 

Rates are variable and subject to change. Maximum APR is 18%. Your ANNUAL PERCENTAGE RATE (APR) will be calculated by 
adding  an  margin  from  above  to  the  Prime  rate  as  correctly  published  in  the  Wall  Street  Journal  as  of  the  Wednesday 
immediately preceding the billing cycle. The Credit Union may adjust the rate once each month effective the first day of the 
billing cycle. APR changes will reflect on the following month’s statement. 

b.  To get the total average daily balance on your Account, we take the beginning balance of your Account each day, add any new 
Purchases and Cash Advances, unpaid Finance Charges, current late payment fees, and other fees, and subtract any payments 
or credits. This is  your daily balance. Then we add up all the daily balances for  the billing cycle and divide that  total by the 
number of days in the billing cycle. This gives you the average daily balance. This determines the balance subject to the FINANCE 
CHARGE. 

5.  Convenience Checks.   Any  individual  cardholder  or  authorized  user  can  use  your  Convenience  Checks  to purchase goods and 
services or  to  obtain  cash up  to  the amount of  your  available credit  limit. Credit  Union  will  treat Convenience Checks as  Cash 
Advances and will charge them against your credit limit. Credit Union may decline  to  honor  a  Convenience Check  if  you  are  over 
your  credit  limit,  you  are  in  default,  your  account privileges  have  been  canceled,  or  your  Card  has  expired.   If  we  decline  to 
honor  a  Convenience  Check,  Credit  Union  may  charge  you  a  fee,  which  the  Credit  Union  will  add  to  your  account  balance.  
Convenience Checks may be  used  only  by  the  person  whose name  is  printed on  them.   You  may not  use  Convenience Checks 
to pay any amount you owe the Credit Union under this or any other credit agreement with the Credit Union. Credit Union will 
not certify any Convenience Checks, nor will the Credit Union return paid Convenience Checks to you.   It is in the Credit Union's 
sole discretion to issue Convenience Checks to any member. 
Stopping payment of a Convenience Check. You may ask us to stop payment of a convenience check by calling us at (800) 845-0432. 
You may be charged a stop payment fee/a stop payment fee may be added to your account balance. Your stop payment request will 
be effective permanently. We will use commercially reasonable efforts to stop payment on your convenience check. However, you 
agree that convenience checks are credit transactions; and that we will not be responsible in any way if the convenience check that 
you  have requested us  to  stop  payment on  is  cashed or  otherwise presented for  payment and,  using commercially reasonable 
efforts, we are unable to stop payment. You agree that the UCC does not apply to a convenience check 

6.  Additional Charges  for  Transactions in  a  Foreign  Currency and “Cross-Border” Transactions. 

Currency Conversion Fee:  If  you  effect  or  authorize a  transaction  with  your  access  device  in  a  currency other than US Dollars, 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
 
 
 
 
 
 
MasterCard  will  convert  the  charge  into  a  US  Dollar  amount.  The  MasterCard  currency conversion procedure  includes  use  of 
either a government mandated exchange rate, or a wholesale exchange rate selected by MasterCard, as applicable. The exchange 
rate MasterCard uses will be a rate in effect on the day the transaction is processed. This rate may differ from the rate in effect 
on the date of the purchase or the date the transaction was posted to your account. A Currency Conversion Fee of up to 1% will 
be applied to transactions that are converted from foreign currencies to U.S. dollars.  
Cross-Border Transaction Fee:  In addition,  MasterCard  charges  us  a  Cross-Border  Assessment  up  to  1%  on  each  transaction 
on  all  cross  border transactions regardless of whether there is a currency conversion. For purposes of this Section, “cross-border 
transaction” shall include both (a) transactions initiated in a foreign country, which are subsequently settled in the United States, 
and (b) transactions initiated in the United States but are ultimately settled in a country outside of the United States. The Credit 
Union will assess these fees to you to reimburse it for the fee it is required to pay for each of your transactions subject to these 
terms.  The  Cross-Border  Transaction  fee(s)  will  be  shown  separately  on  your  periodic  billing  statement(s).  The  Currency 
Conversion Fee, if it applies to the transaction, will be included in the transaction amount posted on your statement. 

7.  Merchant  Disputes.    The  Credit  Union  is  not  responsible  for  the  refusal  of  any  merchant  or  financial institution to honor 

your Card except as set forth in the Special Rules for Credit Card Purchases set forth at the end of this Agreement. 

8.  Illegal Transactions.  You warrant and agree that your Credit Card, other access device or any related account will not be used to 
make  or  facilitate  any  illegal  transaction(s)  as  determined  by  applicable  law;  and  that  any  such  use,  including  any  such 
authorized  use,  will  constitute  an  event  of  default under this Agreement.  Certain federal and/or state laws or Card Service 
Providers’  Rules  may  limit  or  prohibit  certain  transactions  such  as  (but  not  limited  to)  those  coded  as  possible  gambling 
transactions. The Credit Union may decline to accept, process or pay any transaction that we believe to be illegal or unenforceable 
(regarding your obligation to pay us or otherwise) under applicable law; or which is otherwise limited or prohibited, including but 
not  limited  to  any  transaction  involving  or  relating  to  any  gambling  activity.  Such  prohibition or  limitations may  affect  some 
otherwise  proper  or  allowable  transactions  such  as  charges  incurred  at  a  hotel-casino.  You  understand  and  agree  such 
limitations/prohibitions  are  not  within  the  Credit  Union’s  control  and  that  the  Credit  Union  will  not  have  any  liability, 
responsibility or culpability whatsoever for any such use by you or any authorized user(s); or for declining to accept, process, or 
pay any such transaction.   You further agree to indemnify and hold the Credit Union harmless from any suits, liability, damages 
or adverse action of any kind that results directly or indirectly from any such use of your account and/or access devices. 

9.  Your  Responsibility  and  Liability  for  Unauthorized  Use  and  Lost  or  Stolen  Cards  or  Convenience Checks. If  your Card or 
Convenience Checks are lost or stolen, or if you suspect someone used or may use them without your permission, you must notify 
the Credit Union at once by calling  1-855-325-0904 or writing Credit Card Services-PO Box 182477-Columbus, OH 43272-4935.  If 
notice is given orally, you will promptly confirm it in writing.  The Credit Union may require you to provide us certain information 
in writing to help us investigate any unauthorized use.   Further, you agree to cooperate and assist us or any government or law 
enforcement  agent  or  agency  in  investigating,  collecting  or  pursuing  any  other  rights  (civil  and  criminal)  relating  to  any 
unauthorized use.  In this regard, you agree to file an appropriate police report when asked to do so.  Do not use the Card or the 
Convenience Checks after you have notified the Credit Union, even if you find them or have them returned to you. 

You are liable for all transactions that you authorize.    
No Liability: You will have no liability for unauthorized use  of  your  Card,  Convenience Checks or  other  Access  Devices for  non-
ATM transactions made over the MasterCard Network if the following conditions are met: (1) You have not been grossly negligent; 
and (2) You have not committed, participated in or conspired to commit any fraudulent act or scheme involving the use of your 
MasterCard credit card account.  
Limited Liability: For transactions on other networks or ATM transactions, you may be liable for unauthorized transactions using 
your Card, Convenience Checks or other Access Devices that occur before we are notified. However, your liability for unauthorized 
use on networks other than MasterCard will not exceed $50.00.  In any case, you will not be liable for any unauthorized use after 
notifying us of the loss, theft or unauthorized use of your Card, Convenience Checks or other Access Devices. 

10. Monthly Statement.  We will send  you  a monthly billing statement whenever there is  activity on  your  account.  Your  monthly 
statement will show information concerning your account as required by law. Such information may  include  but  is  not  limited 
to  purchase and  cash  advance transactions, credit  limit,  etc.   E-Statements: You will be sent a notice via e-mail that will direct 
you to a site we maintain or cause to  be  maintained where you may access, review, print and otherwise copy/ download your 
periodic statements using procedures that we authorize.  E-mails from us will be sent to the e-mail address provided by any owner 
to the last known e- mail address provided. You agree to notify us promptly of any change of your e-mail address. If you have not 
notified us of any change of your e-mail address, you agree that your failure to provide us with a valid e-mail address is the lack 
of ordinary care on your part. If we become aware that you are not receiving e-mail, we may restrict your access to these services 
until you provide us with the correct e-mail address and you may be converted to paper documents. 

11. Minimum Payment Due. You can pay off your account balance in full each month or you can pay in monthly installments.  If you 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
 
 
 
 
 
do  not  pay  your  balance in  full,  you  agree to  pay at  least a  minimum payment of  2.5%  of your  New  Balance (rounded to  the 
nearest whole dollar) or $10.00, whichever is  greater at  the end of  each statement period. If  the  New Balance shown on  your 
periodic statement is $10.00 or less, you agree to pay this amount.   Unless the  Credit Union takes  other action as  a  result of  a 
default  under  this  Agreement, the Minimum  Payment  Due  will  also  include  any  amount  that  is  past  due  and  any  amount  by 
which  your  new balance exceeds  your  credit limit.   Payments and credits will  be  applied first to  pay billed but unpaid finance 
charges; late charges, and other fees or charges provided for herein; and next to unpaid cash advances; and then to your unpaid 
purchase balance. The "Payment Due Date" will be shown on your periodic statement. 
Grace Period: Grace period for repayment of the balance for purchases is approximately 25 days from the close of the billing cycle. 
See your statement for billing cycle date. 

12. Fees.  In  addition  to  the  periodic  rate,  the  following  additional  fees  may  be  imposed  on  your  account.  If applicable to your 

account, the fee amounts and explanations are disclosed on the Credit Card Disclosure accompanying this Agreement. 

a.  Expedited  Payment  Fee.  You  may  be  charged  a  fee  for  expedited  payments  made  via  telephone  to  a  Credit  Union 
Representative. Fees are not assessed for payments made by mail, electronic transfer, or telephone authorization through an 
automated service. Ask us for applicable fee amount. 

b.  Late Payment Fee. Credit Union will charge your account a late payment fee   for each billing period in which your minimum 
payment is  not received within five (5)  days of  your payment due date. This  fee may be added to your account balance, or 
collected from you on demand. 

c.  Returned  Payment  or  Insufficient  Funds  Fee.  Credit  Union  will  charge  your  account  a  fee  if  your payment by any method, 
including check, electronic transfer,  home banking transaction or  otherwise, is not  honored, or  if  we  must return  it  to  you 
because it  cannot  be  processed  for  any  reason.   This  fee  may be added to  your account balance, or collected from  you on 
demand. 

d.  Charge for Copies, Research and Card Replacement.  If you ask for a copy of any document, such as a sales draft, Convenience 
Check, or billing statement, a charge may be imposed for the time it takes to research and locate the document. However, no 
charge will be imposed in connection with any actual or asserted billing error. 

13. Promotional  Rate  Finance  Charges.   From  time  to  time  and  in  our  sole  discretion  we  may  offer  a  special rate  applicable to 
certain transactions such as  particular purchases (as defined by us), balance transfers, or cash advances.   Applicable terms and 
conditions will be disclosed at the time any such promotion is offered, and are incorporated into this Agreement by reference.   
The promotional rate will apply only to the transactions and for the period of time set forth in any such offer from us.   Existing 
balances and new purchases or  advances not  expressly subject to  any such promotion will remain governed by the terms and 
conditions of this Agreement.   In addition, the terms and conditions of this Agreement will govern your obligations regarding any 
unpaid balance or transactions that are made subject to any such promotional offer, that are not fully paid within the time period 
set forth in such promotional offer. 

14. Returns, Adjustments, Credit Balances. Merchants and others who honor your Card may give credit for returns or adjustments, and 
they will do so by sending the Credit Union a credit transaction, which will be posted to your Account.  If your credits and payments 
exceed what you owe the Credit Union, the amount will be applied against future purchases and cash advances.  If the credit balance 
amount is $1.00 or more, it will be refunded upon your written request or automatically after six months by transferring the amount 
to your share savings account or mailing a check (only upon request) payable to the order of any cardholder to the statement mailing 
address. 

15. Payments.  You will be jointly  and severally  liable and agree  to pay  the Credit  Union  for all charges (purchases, cash advances, 
finance charges, and other charges added to your Account under the terms of this or any other agreements with us) extended to 
you or anyone else using any Card issued for your account, unless the use of such Card is by a person other than you, who does 
not have actual, implied or apparent authority for  such  use  and  from  which  you  receive  no  benefit.   Authority includes, but  is 
not  limited  to,  any authorized users permitting another person to use any Card(s).   Further, all users are obligated to us for all 
charges they make, authorize or permit. 
The Credit Union can accept late or partial payments as well as payments that are marked with "paid in full" or other restrictive 
endorsements, without losing any of  our  rights under this  Agreement. You  must pay the Credit Union in U.S. dollars drawn on 
funds on deposit in the United States.  If you make payment with other currencies or from an institution domiciled outside the 
United States, then your payment will not be credited until the funds have been collected by us in U.S. dollars. 
Unless otherwise required by specifically applicable laws, for payments received by mail by 5:00 PM  EST, your payment will be 
effective that day; and for payments made in any other manner, including in person, your payment is effective the date received.  
To protect you and us, the Credit Union, in its sole discretion, may place a temporary freeze on all or part of the credit available 
to you for new purchases or cash advances under this agreement any time the  Credit  Union  receives a  large  payment ($4,800.00 
or  more)  by  any  method.     In  such  cases,  the Credit Union may freeze your credit line until payment is actually collected or 
verified. 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
 
 
 
 
16. Automatic Payment Option.  If you requested the Automatic Payment Option in  your Application,  all Minimum  Payments due 
will automatically be deducted from  your designated account on  your Payment Due Date.  If your designated account does not 
contain sufficient funds, no automatic deduction will be made; we will bill you for the Minimum Payment Due; and your account 
will be charged an insufficient funds fee and you will be responsible for making the payment by some other means. 

17. Skip  Payment  Option.  At  our  option,  we  may  offer  you  the  opportunity  to  not  make  ("skip")  a  minimum payment during 
certain  designated  billing  cycles  ("skip  payment  period").    If  you  do  not  make  your  minimum  payments  as  provided  in  this 
Agreement, during such designated billing cycles, you understand that we will continue to apply finance charges to your account. 
Beginning with the billing cycle following an allowed skip payment period, all other provisions of this Agreement will apply. 

18. Default.  You will be in default if: (a) you fail to pay the Minimum Payment Due by the Payment Due Date; (b) the Credit Union, in 
its sole discretion, feels insecure (For example:  Our good faith belief that your ability to pay your account is impaired; use of your 
account in any manner or in any way that may expose the Credit Union to a risk of loss; etc.); (c) your ability to repay is materially 
reduced by a change in your employment, by an increase in your obligations, by bankruptcy or insolvency proceedings involving 
you, by your death, or (for community property state residents only) by a change in marital status or domicile; (d) you exceed your 
credit limit without our permission; (e) you have made a false or misleading statement to us in your application or otherwise; (f) 
you are in default under any other agreement with us; (g) if you use or authorize the use of any Card(s) to  make or  facilitate any 
illegal  transaction;  or  (h)  you  fail  to  perform  any  of  your  other  obligations under the terms of  this Agreement as it may be 
amended from time to time.  Upon default we may close your Account to future purchases and advances and, to the extent not 
prohibited  by  Governing  Law,  demand  immediate  payment  of  your  entire  Account  balance,  after  giving  you  any  notice  and 
opportunity  to  cure  the  default  if  required  by  applicable  law.    The  Credit  Union's  sole  obligation  hereunder  with  regard  to 
determining and  declaring  an  event  of  default  is  the  exercise  of  "good  faith,"  based  on  its  subjective  understanding  of 
applicable facts. We shall also have the right to close your account and terminate access privileges where your account is inactive 
for such periods of time as we may from time-to-time determine to be appropriate for protecting both our and your interests. 

19. Collection Costs. You agree to  pay all costs incurred by the Credit Union in collecting any amounts you owe or  in  enforcing  or 
protecting  the  Credit  Union's  rights  under  this  Agreement,  including  attorneys'  fees  of  20% of  the  unpaid  balance  or  such 
greater  sum  as  may  be  reasonable,  and  also  those  costs,  expenses  and attorneys' fees  incurred in  any appellate, bankruptcy 
and  post-judgment proceedings, except  as  limited  or prohibited by applicable law. 

20. Change of Name, Address or Employment. You will notify the Credit Union immediately in writing if your name, home address, 

email address, telephone number, or employment changes. 

21. Updating and Disclosing Financial Information. We may report your performance under this Agreement to consumer reporting 
agencies and  secure follow-up consumer reports on  you  for  any legitimate business reason, including if  you  fail  to  make  your 
minimum payments on time.  We can reinvestigate and reevaluate any information you provide on your MasterCard Application 
at any time, and in the course of doing so, we may ask you to provide additional information, request credit bureau reports and/or 
otherwise verify your current credit standing. 
Access  to  Account  Information:  You  agree  that  all  borrowers  and  authorized  users  will  have  access  to information regarding 
transactions  on  your  account,  including  but  not  limited  to  purchases  and  cash  advances,  account  balances,  account  history, 
payments  and  other  information  relating  to  or  arising  with regard to this account or any transaction. 

22. Correcting  the  Credit  Union's  Credit  Report.  If  you  think  the  Credit  Union  reported  erroneous  information  about  you  to  a 
consumer  reporting  agency,  call  the  Credit  Union  at  the  telephone  number  listed  on  your monthly billing statement.  Credit 
Union  will  promptly investigate the  matter,  contact each  consumer reporting agency  whose records may  reflect  an  error  and 
require them to correct your report if its investigation decides that you were correct.  If Credit Union disagrees with you after the 
investigation, Credit Union will advise you, in writing or by phone, and instruct you how to submit to those agencies a statement 
of your position that will become a  part  of  your  consumer record  with  them.   The  instructions will  include  the  name,  address, 
and phone number of each such agency, along with other pertinent information. 

23. Closing Your Account.   Any individual cardholder without the consent of other cardholders may close your Account at any time 
by notifying us in writing as indicated in this Agreement.   Credit Union may close your account  or  suspend  your  Card  privileges 
or  Convenience  Checks  at  any  time  without  prior  notice.   Credit Union  may  also  reissue  a  different  Card  or  different  checks 
at  any time.   You  must  return  the  Card  or  the Convenience  Checks  to  the  Credit  Union  upon  request.    You  agree  that  the 
Card  and  all  Convenience Checks remain the property of Credit Union.   Each Card we issue will have an expiration date.   Upon 
expiration of  your Card  your account will  automatically terminate; or  the Credit  Union, in  its  sole  discretion, may  extend  your 
Agreement  and  issue  a  new  card  with  a  new  expiration  date.   If  your  account  is  closed, expires or your credit privileges are 
terminated  or  suspended,  you  will  remain  responsible for  paying  all amounts  you  owe  us  according  to  the  terms  of  this 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
 
 
 
 
 
 
 
Agreement.  Without  limiting  the  foregoing,  the  Credit Union has the right to terminate your line of credit and to demand the 
return of all cards, access checks and other access devices if  the Credit Union, in its  sole discretion, feels that it  is  insecure for 
any reason whatsoever;  including  but  not  limited  to  mismanagement of  your  account,  failing  to  safeguard  any  access device, 
creation of any credit balances by you that may increase the risk of loss or exposure of the Credit Union or failing to cooperate 
with the Credit Union or others with regard to any claim of unauthorized use or any other defense to payment under applicable 
law. 

24. Changing  This  Agreement.    The  Credit  Union  may  change  the  terms  of  this  Agreement,  including  the Annual Percentage 
Rate, at any time.  Except where limited by applicable law, the new terms, including, but not  limited  to,  increasing  the  finance 
charge  or  the  way  the  Credit  Union  calculates  finance  charges,  late charges, and the minimum payment due, will apply both to 
new  purchases and  cash  advances and  to  the existing  outstanding balance of  your  account as  of  the  day  of  the  change.   We 
reserve the right to refuse to honor any request for credit, to reduce your credit limit or terminate your account at any time using 
our sole discretion, based on  changes in  the  economy, the  Credit Union's financial condition, your  creditworthiness or for  any 
other reason not prohibited by law. In accordance with applicable law, the Credit Union will notify you of any increased charge or 
change by writing to you at the most recent address shown for you on the Credit Union's records. 

25. Delay in Enforcement/Waivers.  The Credit Union may delay or waive enforcement of any of the provisions of this Agreement, 
including  any  agreement  to  make  timely  payments,  without  losing  its  right  to  enforce  the  same  provision  later  or  any  other 
provisions of this Agreement.  You waive the right to receive notice of any waiver or delay or presentment, demand, protest or 
dishonor.   You also waive any applicable statute of limitations to the full extent permitted by law and any right you may otherwise 
have to require the Credit Union to proceed against any person before suing you to collect. 

26. Additional Benefits/Card Enhancements. The Credit Union may from time to time offer additional services to your Account, such 
as travel accident insurance, purchase rewards or rebates at no additional cost to  you. You understand that the Credit Union is 
not obligated to continue or to offer such services and may withdraw or change them at any time. If these benefits are withdrawn 
prior to  any accrued use by you, the Credit Union will have no obligation to provide the benefit or enhancement, or any other 
compensation or consideration. 

27. UChoose  Rewards®  -  UChoose  Rewards  points  may  be  earned  simply  by  enrolling  in  UChoose  Rewards and using your South 
Carolina Federal MasterCard® credit card. Log on to UChoose Rewards at www.UChooseRewards.com to  enroll  and  learn  more 
about earning points, balance information, and to discover all the options for redemption to include merchandise, travel, gift cards 
and more. UChoose Rewards points will not be earned on cash advances.  

28. Overdraft Protection. You can choose to link your Credit Card to your Checking account for overdraft protection. To do this, you 
must notify us to select this option and inform us of the order in which you want your credit card to act as an overdraft source. 
Overdraft advances will be treated as a cash advance as outlined in the Finance Charges section with interest accruing from the date 
of the overdraft advance and will not earn UChoose Rewards points. If you have multiple account owners or authorized signers on 
your  checking  account,  you  will  be  responsible  for  all  advances,  including  interest  and  charges  from  your  credit  card  to  cover 
overdrafts  regardless  of  who  initiates  the  transaction  that  causes  the  overdraft.  Overdraft  advances  will  transfer  funds  to  your 
checking account in the amount needed to cover the transaction if your credit card is in good standing and the credit available is 
sufficient. Overdraft advances may occur that cause you to exceed your credit limit. If this occurs, you agree to pay the over limit 
amount along with any applicable payment amount. 

29. Additional Terms of Agreement. To the extent not prohibited by applicable law, the terms, interpretation and enforcement of any 
claim or dispute arising under this Agreement, as well as all parties’ rights and duties, will be  governed  by  South  Carolina  law 
regardless  where  you  may  reside  or  use  your  account.   Further,  this Agreement is the contract which governs all transactions 
on your Account even though sales, cash advances, credit or  other slips may contain different terms.   You  may not transfer or 
assign your account or Card to any other person. The Credit Union may assign or transfer this Account, your Account balance, or 
this Agreement to  another  person,  who  will  have  all  of  our  rights  hereunder.   This  Agreement  is  binding  on  your  heirs  and 
legal representatives.  If there are joint borrowers, a guarantor or authorized users for this credit plan, each of you will have the 
right  to  use  the  Account to  obtain  loans  pursuant  to  the  terms  hereof.   Any  one  applicant,  guarantor,  or  authorized  users 
elections,  transactions  and  directions  to  the  Credit  Union  shall  be binding upon all obligors. Each of you will be liable for all 
obligations owing on the Account whether borrowed by you or otherwise and whether within or beyond the credit limit.   Further, 
each of you are responsible for all amounts borrowed by any authorized user(s).  Authorized users and other users may also be 
required  to  repay  the  amount  owed  for  charges  they  make;  however,  you  remain,  at  all  times,  primarily  responsible  for  all 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
 
 
 
 
 
 
 
amounts owed. All Cards, billing statements and notices will be mailed or delivered to the address  given  on  the  application  for 
either  applicant  unless  you  direct  otherwise  in  writing.   If  any  law  or judicial ruling makes any  part, provision, sentence or 
section of this  Agreement unenforceable, the remainder will  continue  in  full  force  and  effect.   You  agree  that  your  account 
will also be  subject to all rules and regulations of MasterCard, as applicable, which are incorporated herein by reference. If there 
is  any  conflict  between  this  Agreement  and  the  rules  and  regulations  of  MasterCard, the  rules  and regulations of MasterCard, 
will control, as applicable. 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
Your Billing Rights 
Keep This Document for Future Use 

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: 

Card Services – Dispute Center 
P.O. Box 182477 
Columbus, OH 43272-4935 

Or fax your dispute information to 678-375-6096 

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  bill, 
describe what you believe is wrong and why you believe it is a mistake. 

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. 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 the bill 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 responsible for the remainder of your balance. 
• 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 bill 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 bill. 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 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: 

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 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
that accesses your credit card account do not qualify. 

3.  You must not yet have fully paid for the purchase. 

All requests to use this right must be submitted in writing to: Card Services-Dispute Center, P.O. Box 182477, Columbus, OH 43272-
4935. 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. 

To Report a Lost or Stolen Card or Other Access Device 
 after hours, call: 

1-855-325-0904 
571-293-3899 (International) 

To Close the Account:  (SEND WRITTEN NOTICE) 

South Carolina Federal Credit Union 
P.O. Box 190012 
North Charleston, SC 29412-9012 
843-797-8300 
1-800-845-0432 

South Carolina Federal Credit Union 
VARIABLE RATE CREDIT CARD APPLICATION DISCLOSURE 

April 1, 2015 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Variable Rate Credit Card Application Disclosure 

This Disclosure along with your Credit Card Agreement governs your Variable Rate Credit Card  

Interest Rates and Interest Charges 

Annual Percentage Rate (APR) for 
purchases, balance transfers, and 
cash advances  

How to Avoid Paying Interest on 
Purchases  

For Credit Card Tips from the 
Consumer Financial Protection Bureau 

APR will be 8.50% to 18.00% based on your credit 
worthiness. This APR will vary with the market based on Prime Rate 

Your due date is at least 25 days after the close of each billing cycle. 
You will not be charged interest on purchases if your balance is paid 
in full by the due date each month. We will begin charging interest on 
cash advances and balance transfers on the transaction date. 

To learn more about factors to consider when applying for or using a 
credit card, visit the website of the Consumer Financial Protection 
Bureau at http://www.consumerfinance.gov/learnmore 

Fees 
Annual Fee 
Transaction Fees 

  Foreign Transaction 

  Expedited payment fee  

  Convenience check stop payment fee 

Penalty Fees 

  Late Payment 

  Returned Payment  

Other Fees 

  Account research fee 

None 

Up to 2% of the transaction amount 

$11.00 

$35.00 

Up to $30.00 

Up to $35.00 

$22.00/hour 

  Copy fee                                                                                                    

$5.00/copy 

How We Will Calculate your Balance: We use a method called “average daily balance (including new 
purchases and cash advances).” 

The credit union will acquire a security interest in the property purchased with your credit card; and 
collateral securing other loans with us may also secure this account. Also, you are giving us a security 
interest in your shares and other deposits in the credit union. 

Balance transfers may not be used to repay existing South Carolina Federal loan products.  

This information was updated in February 2016, was accurate as of and subject to change after that date. 
Contact South Carolina Federal at 843-797-8300(Charleston) or 800-845-0432(Nationwide) to find out what 
may have changed.  

March 4, 2016