Illegal Activity
Your  MasterCard  card  may  not  be  used  for  any  illegal  activity. 
Internet gambling may be illegal in the jurisdiction in which you are 
located, including the United States and its territories. Your card may 
only be used for legal transactions. Display of a payment card logo by 
an online merchant does not mean that Internet gambling or other 
transactions  are  legal  in  the  jurisdiction  in  which  you  are  located. 
You  agree  to  repay,  according  to  the  terms  of  this  Agreement, 
transactions you initiate by use of your card, whether deemed legal 
or illegal.

Internet Transactions
Your credit card is automatically enrolled in the MasterCard Secure 
Code  program.  To  make  transactions  over  the  Internet,  merchants 
may request your MasterCard Secure Code password to complete the 
transactions. If a password is not provided, or you do not successfully 
register with MasterCard Secure Code, the merchant may deny the 
transaction. If the password is incorrect, we may deny the transaction. 
You can select or change your password and view additional terms 
online at schoolsfirstfcu.org by clicking on the MasterCard Secure 
Code link under “Related Topics” on the credit card product pages. 
By  allowing  another  person  to  use  your  MasterCard  Secure  Code 
password you are authorizing the transaction(s) on your account.

Foreign Currency Transactions
If you effect a transaction at a merchant that settles in a currency 
other  than  U.S.  dollars,  MasterCard  International  will  convert  the 
charge into a U.S. dollar amount. The conversion rate in U.S. dollars 
will  be  either  at  the  government-mandated  rate  or  a  wholesale 
currency market rate determined by MasterCard for the processing 
date on which the transaction is processed. The currency conversion 
rate  used  by  MasterCard  on  the  processing  date  may  differ  from 
the  rate  that  would  have  been  used  on  the  purchase  date  or  the 
cardholder statement posting date.  

International Service Fee
A fee of 2% of the transaction amount in US Dollars will be assessed 
on cross-border and international transactions. Transactions acquired 
in U.S. territories, and transactions originating on U.S. military bases, 
at U.S. embassies and at U.S. consulates, are excluded from this fee. 
Convenience Checks
You may access your credit line by writing checks provided by us for 
that purpose. The checks will be honored and paid up to your credit 
limit as long as the account is not in default. You may request a stop 
payment on a convenience check by phone or in writing. We must 
receive  the  request  in  time  to  afford  us  reasonable  opportunity  to 
act upon it under the Credit Union’s rules. Oral or telephone requests 
to stop payment must be confirmed by you in writing to us within 
fourteen  (14)  calendar  days  after  your  original  request,  and  if  not 
so confirmed, such request will be considered to have lapsed after 
the fourteen day period. We can only honor a stop payment request 
for  12  months  from  the  date  of  request.  You  agree  not  to  hold  us 
responsible  for  any  claims  or  liabilities  of  payees  or  endorsers  on 
convenience checks for which you have requested payment stopped. 
You agree not to hold us responsible for the misrouting or delay of a 
convenience check due to markings placed on the check by you or a 
prior endorser that obscure any depository endorsement placed by 

us  or  our  agent.  We  may  recognize  the  signature  of  any  borrower  or 
authorized user on this account as authorized to transact any business 
on the account.  Convenience checks cannot be used to pay any amount 
you owe under this Agreement or under any other credit agreement or 
account you have with us now or in the future. Convenience checks are 
considered cash advances and accrue interest according to the method 
described  for  cash  advances  under  the  “CALCULATION  OF  FINANCE 
CHARGES” heading of this disclosure.

Default/Collection/Attorney’s Fees
You  will  be  in  default  and  understand  that  all  loan  credit  under  this 
Agreement may be terminated if (1) you do not make periodic payments 
as required by this Agreement, (2) you do not keep any promise made 
in this Agreement or any other agreement with this Credit Union, (3) 
any information that you give us to obtain a loan advance is false, (4) 
any third party attempts by legal process to take any property belonging 
to you, (5) you die, become insolvent or are a party to any bankruptcy 
proceeding, or (6) as otherwise provided in this Agreement. If you are in 
default, we may refuse to make any further advances or refuse charge 
privileges  to  you  and  declare  all  sums  owed  under  this  Agreement 
immediately due and payable. We may accept late payments or partial 
payments without losing any of our rights under this Agreement. You 
understand  that  if  you  are  in  default,  we  may  add  to  your  unpaid 
balance any reasonable attorney’s fees and court costs, all of which you 
agree to pay.

Waivers and Severability
We  may  waive  or  decline  to  enforce  any  of  our  rights  under  this 
Agreement  without  affecting  any  of  our  other  rights.    Should  any 
provision of this Agreement be determined to be invalid or unenforceable, 
that determination shall not affect the validity or enforceability of any 
other provision.

Governing Law
This  Agreement,  your  credit  card  line  of  credit,  as  well  as  our  rights 
and duties and your rights and duties regarding them, will be governed 
by and interpreted in accordance with federal law to the fullest extent 
possible  and,  to  the  extent  federal  law  does  not  apply,  in  accordance 
with  California  law,  regardless  of  where  you  live  and  use  your  credit 
card. This Agreement is made in California. All credit will be extended 
from California, and all repayment must be made in California.

Third Party/Mobile Devices
We  may  also  permit  you  or  any  authorized  user  to  load  information 
about  your  account  onto  third  party/mobile  devices  (such  as  a 
smartphone, tablet, or any other handheld or wearable communication 
device  that  allows  you  to  store  or  electronically  present  your  account 
information)  that  would  enable  you  to  make  purchases  or  engage  in 
credit transactions for your account without needing to show your credit 
card. You and we agree that any such use of your account will be subject 
to all the terms and conditions contained in this agreement.
To the extent you do use a third party/mobile device to make a credit 
transaction  on  your  account,  or  load  information  about  your  account 
onto any such device, you need to be aware that we do not control the 
device  and  cannot  guarantee  the  performance  of  either  the  device  or 
any third party.

• 

• 

• 

•	
•	
•	

•	
•	

Additionally:
• 

you agree to carefully protect the security of any devices the 
same as you would your cash, checks, credit cards and other 
valuable information. We encourage you to password protect 
or lock your device to help prevent an unauthorized person 
from using it. You agree to promptly report any loss or theft 
to both us and the third party.
you  may  incur  third  party  fees  related  to  engaging  in  a 
transaction  (such  as  mobile  carrier  data  or  messaging 
charges).
credit transactions made through a third party/mobile device 
may  involve  the  electronic  transmission  of  information 
related to you or your account across wireless or computer 
networks. Third parties, such as merchants, card association 
networks,  mobile  carriers,  mobile  wallet  operators,  and 
software  application  providers  may  use  and  receive 
information  in  connection  with  a  credit  transaction.  Third 
parties  may  also  receive  information  about  your  mobile 
device when you use it to make a credit transaction.
we  may,  at  any  time,  partially  or  fully  restrict  your  ability 
to  make  credit  transactions  through  a  third  party/mobile 
device.  You  agree  to  notify  us  promptly  if  you  remove  or 
want  to  remove  your  account  information  from  any  third 
party/mobile device.

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: SchoolsFirst FCU 
P.O. BOX 11547, Santa Ana, CA 92711. You may also contact us on 
our website at schoolsfirstfcu.org. 
In your letter, give us the following information:

Account Information: Your name and account number
Dollar Amount: The dollar amount of the suspected error.
Description of problem: If you think there is an error on your 
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 (or electronically). 
You may call us, but if you do we are not required to investigate any 
potential errors and you may have to pay the amount in question.

What will Happen After We Receive Your Letter

When we receive your letter, we must do two things:

1.  Within  30  days  of  receiving  your  letter,  we  must  tell  you 
that we received your letter. We will also tell you if we have 
already corrected the error.

2.  Within  90  days  of  receiving  your  letter,  we  must  either 
correct the error or explain to you why we believe 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 the balance.
We can apply any unpaid amount against your credit limit.
After we finish our investigation, one of two things will happen:
If we made a mistake: You will not have to pay the amount in 
question or any interest or other fees related to the 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 in question even if your bill is correct.

Your Rights If You Are Dissatisfied With Your Credit Card 
Purchases
If  you  are  dissatisfied  with  the  goods  or  services  that  you  have 
purchased  with  your  credit  card  and  you  have  tried  in  good  faith  to 
correct the problem with the merchant, you may have the right not to 
pay the remaining amount due on the purchase.
To use this right, the following must be true:

2. 

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.)
You  must  have  used  your  credit  card  for  the  purchase. 
Purchases made with cash advances from an ATM or with a 
check that accesses your credit card account do not qualify.
You must not yet have fully paid for the purchase.
If  all  of  the  criteria  above  are  met  and  you  are  still  dissatisfied  with 
the  purchase,  contact  us  in  writing  (or  electronically)  at  the  address 
or website listed above. While we investigate, the same rules apply to 
the disputed amount as discussed under What To Do If You Find a 
Mistake on Your Statement. 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.

3. 

M-117035

SCHOOL EMPLOYEE 
CREDIT CARD 
MASTERCARD®  
AGREEMENT AND
DISCLOSURE  
STATEMENT

March 1, 2016

You agree to the following terms and conditions and any amendments 
thereto.

Accepting This Agreement
Before you sign or use the SchoolsFirst Federal Credit Union MasterCard® 
credit  card  issued  to  you,  please  read  this  Agreement  thoroughly, 
because  by  using  the  credit  card  you  will  be  agreeing  with  us  to  the 
terms and conditions stated in this Agreement. If you do not wish to be 
bound by this Agreement, do not use the credit card, and write to us 
and tell us that you wish to cancel your credit card account with us. If 
you have received a card or checks to access the card account, destroy 
them.

Definitions
In this Agreement the words “you”, “your”, and “yours” mean each and 
all of the person(s) who apply for and/or use the card, the words “credit 
card”  mean  the  SchoolsFirst  Federal  Credit  Union  MasterCard  credit 
card,  and  the  words,  “we”,  “our”,  “us”,  and  “Credit  Union”  mean  the 
SchoolsFirst Federal Credit Union.

Liability of All Cardholders and Authorized Users
You  understand  that  you  are  liable  for  the  payment  of  all  sums  due 
under this Agreement. If there is more than one borrower or authorized 
user on this account, each person, individually, and all persons jointly 
are obligated to repay all sums due under this Agreement. You agree 
that all statements made in your application for your credit card were 
for the purpose of obtaining credit and are true, correct, and complete 
to the best of your knowledge and belief.
Credit Limit
This Agreement establishes a credit card account for you with an open 
end line of credit. We will establish a credit limit for you, and may increase 
or decrease that credit limit from time to time. We have provided you 
with a separate written disclosure stating the credit limit for purchases 
and cash advances on your account, and that disclosure is made a part 
of this Agreement by this reference. Your monthly statements will show 
the amount of credit available to you for purchases and cash advances 
as of the statement date. We will give you written notice of any change 
in your credit limit. If your credit limit is decreased for any reason, any 
subsequent request for a credit limit increase will be subject to credit 
application and approval. You agree not to use your account in any way 
which would make the unpaid balance of your account or cash advances 
on your account exceed your credit limit. You also agree to pay us the 
amount  of  any  transactions  on  your  account  in  excess  of  your  credit 
limit along with your regular minimum payment at your next scheduled 
payment due date. Purchases and advances are subject to daily limits 
that may restrict the full use of your Credit Limit.

Pledges of Shares
You grant us a consensual security interest in your accounts and have 
pledged  funds  on  deposit  in  your  account  (except  IRA  or  Deferred 
Compensation) to satisfy debts that are due us. We reserve the right 
to exercise this pledge of shares for liabilities owed to us against any 
account held by you individually or jointly with any other person(s) to 
the fullest extent permitted by law.

Personal Identification Number
A  Personal  Identification  Number  (PIN)  may  be  obtained  by  selecting 
your own PIN at any SchoolsFirst FCU branch or by calling 877.315.3483. 
This  PIN  may  be  used  by  you  with  your  credit  card  to  obtain  a  cash 

advance  on  your  account  at  any  Automated  Teller  Machine  (ATM) 
displaying the MasterCard logo or to make purchases at any designated 
point of sale (POS) machine. Please keep your PIN confidential and do 
not write it on or keep it with your credit card.
Credit Information
You agree that we may re-examine and re-evaluate your creditworthiness 
at any time. You authorize us to obtain, from time to time, information 
from  others,  including,  but  not  limited  to  credit  reporting  agencies, 
concerning  you  and  your  credit  accounts.  You  also  authorize  us  to 
respond to requests from others and to provide information regarding 
the  status  and  history  of  your  account  with  us.  However,  we  are  not 
obligated  to  release  any  such  information  to  anyone  unless  we  are 
required by law to do so. You agree that we have the right to refuse 
future advances under your line of credit or reduce your credit limit upon 
re-examination and re-evaluation of your creditworthiness, should your 
creditworthiness change significantly.

Change of Name, Address, Employment, Telephone
You agree to promptly report to us any change in your name, address, 
employment, or telephone number.

Balance Transfers
When the Credit Union uses the term “balance transfer” this refers to 
the  transfer  of  balances  from  other  lenders  to  your  SchoolsFirst  FCU 
credit card.

Purchases/Cash Advances
You may access your line of credit by making a purchase at a merchant’s 
location that accepts the credit card, by requesting a Balance Transfer 
orally or electronically, or in writing, or by making a cash advance. We 
will not be responsible or liable to you should anyone refuse to accept or 
honor your card, or should anyone retain your card and not return it to 
you. You may request cash advances under this Agreement by writing a 
SchoolsFirst FCU convenience check; by making a written, telephone or 
electronic request to us; or by requesting a cash advance at a financial 
institution or an ATM that accepts the credit card. You agree to repay 
all advances for purchases and cash advances made to you or at the 
request of a joint borrower or authorized user under this Agreement, 
and you understand that all purchases and cash advances will be subject 
to the terms of this Agreement. You agree not to request advances or 
make purchases or use your account in any way that would make the 
unpaid balance of your account exceed your credit limit. Cash advances 
cannot be used to pay any amount you owe under this Agreement or 
under any other credit agreement or account you have with us now or 
in the future.

Minimum Monthly Payments
You will receive a statement for each monthly billing period in which your 
account  has  an  outstanding  or  credit  balance.  The  minimum  monthly 
payment on your account is calculated at 2% of the statement balance 
or  $25,  whichever  is  greater.  If  your  account  balance  is  greater  than 
your limit or your account is past due, you will be billed for the greater 
of:  the  minimum  monthly  payment;  or  the  past  due  amount;  or  the 
Overlimit amount. If the account is not paid down to the limit or below, 
the account is subject to closure. The minimum monthly payment must 
be received at the payment center on or before the payment due date 
reflected on the front of your monthly billing statement or the payment 
may be considered past due. Payments made in excess of the minimum 

payment  will  be  applied  first  to  the  balance  with  the  highest  interest 
rate,  then  successively  to  each  lower  interest  rate  until  the  excess 
payment  amount  is  exhausted.  If  you  have  a  credit  balance  on  your 
account due to merchant credits, adjustments or overpayments, we will 
hold  and  apply  this  credit  balance  against  future  purchases  and  cash 
advances, or refund it at your written request. An increase or decrease 
in the Annual Percentage Rate may result in an increase or decrease in 
your monthly payment.

Promise to Pay
You agree to pay us, at the payment address stated on the front of your 
monthly  billing  statement,  all  sums  which  have  been  accumulated  on 
your account by you or others with your permission, together with any 
finance charges, late charges and any other service charges computed 
on your account as set forth in this Agreement.

Authorizations
Most transactions require approval of funds.  Approvals result in placing 
a hold against your credit limit.  We may limit the number or amount of 
approvals or purchases and advances per day or deny transactions when 
we  detect  unusual  or  suspicious  activity,  even  if  you  have  sufficient 
credit available.  We are not liable for failing to approve any transaction 
and  we  may,  although  we  are  not  required  to,  approve  transactions 
above your available credit.  We are not liable if a merchant, financial 
institution, or ATM does not honor your card.

Membership Requirement
You must be a Member in good standing to be eligible for a credit card 
with us.  We may suspend card privileges, including closing your account, 
if you do not maintain your Membership with us in good standing.

Responsibility for Account
You agree to repay us according to the terms of this Agreement for all 
purchases, advances, finance charges, fees and collection costs, if any, 
arising  from  the  use  of  this  account  by  you  or  any  other  person  you 
permit to use your card and/or account (even if that person exceeded 
the amount for which you gave permission).  If you decide to close your 
account please notify us orally or in writing and return all card(s) on the 
account.  You remain liable for any transactions to the account that we 
cannot prevent after you notify us.  Any person using the account and/or 
card is jointly and severally responsible for all charges on the account.
Lost, Stolen or Unauthorized Use
It  is  important  to  continually  monitor  your  monthly  statements  to 
identify  any  unauthorized  transactions.  If  your  card  is  lost  or  stolen, 
or you believe that someone has accessed or may access money from 
your card without your permission, notify us immediately. If you notice 
unauthorized or fraudulent activity on your card, notify us immediately. 
Notify us at the phone number or address listed on your statement under 
“How to Reach Us”. See Your Billing Rights for further information. If 
your card is used fraudulently, you agree to assist us in our investigation 
and to sign and return the Cardholder Dispute Form. 

Annual Percentage Rate
SchoolsFirst FCU has a loan program, which features a range of interest 
rates for some of its consumer loans. A rate is based on a variety of 
factors, including the applicant’s credit rating. 
This  Agreement  establishes  the  Annual  Percentage  Rate  for 
Purchases, Balance Transfers and Cash Advances under this credit card 

program.  We  have  provided  you  with  a  separate  written  disclosure 
stating  the  Annual  Percentage  Rate  that  will  apply  to  purchases  and 
cash  advances  on  your  account.  That  disclosure  is  made  part  of  this 
Agreement by this reference. 

Annual Percentage Rate - Variable Rate Credit Program
The  Annual  Percentage  Rate  is  subject  to  change  annually  on  the 
first  business  day  of  August.    Note  that  an  increase  in  the  Annual 
Percentage  Rate  may  result  in  greater  interest  charges  and  a  larger 
monthly payment.
The rate is determined by adding an index plus a margin.  The index 
is the highest “Prime Rate” as reported in the “Money Rates” tables of 
The Wall Street Journal on the first business day of August.  The tier and 
margin, and subsequently the APR you receive, is determined by your 
creditworthiness. The maximum Annual Percentage Rate is 18.00%. 
Variable Rate Margins

Tier 

Tier 1

Tier 2

Tier 3

Tier 4

Purchases

4.25% 6.25% 8.25% 13.25%

Balance Transfers

4.25% 6.25% 8.25% 13.25%

Cash Advances

9.25% 11.25% 13.25% 17.90%

Annual Percentage Rate  - Penalty Rate
If your credit card account is delinquent 60 days, we will increase your 
Annual Percentage Rate on the entire balance to 17.90%. The Penalty 
APR  will  continue  to  apply  unless  you  make  6  consecutive  minimum 
payments  when  due  (beginning  with  the  billing  cycle  immediately 
following  the  application  of  the  Penalty  APR)  and  do  not  exceed  your 
credit limit during that time period. If these requirements are met, your 
credit card rate will be lowered to reflect your original tier.

Monthly Periodic Rate
The  Monthly  Periodic  Rate  is  determined  by  dividing  the  Annual 
Percentage Rate by twelve (12 months in a year).

Calculation of Interest Charges
Interest  Charges  for  each  monthly  billing  cycle  will  be  calculated  by 
multiplying the Average Adjusted Daily Balance by the Monthly Periodic 
Rate. We will calculate your Average Adjusted Daily Balance as follows: 
We  take  the  outstanding  balance  (all  amounts  you  owe)  at  the  start 
of the day. Then, in the sequence in which the amounts post to your 
account, we add the amount(s) of all debits and subtract the amount(s) 
of all payments and credits which post to your account that day. After 
applying payments and credits, we subtract any amount of late charge, 
interest charge, and any other charges that remain unpaid.
The result is the adjusted daily balance for that day. We add together all 
the adjusted daily balances for each day in the billing cycle and divide 
the total by the number of days in the billing cycle. The result is the 
Average Adjusted Daily Balance for that billing cycle.
Interest  Charges  are  imposed  only  if  you  do  not  pay  in  full  the  new 
balance for Purchases shown on your Periodic Statement within 25 days 
of the end of the statement period. However, interest charges will be 
assessed and will accrue on any cash advance (see Purchases/Cash 
Advances) from the date that such cash advance transaction is posted 
to your account to the date the cash advance balance is paid in full or 

the Statement Closing Date whichever comes first, even if payment 
of  the  entire  New  Balance  is  received  by  us  by  the  Payment  Due 
Date.  In  other  words,  there  is  no  time  period  within  which  credit 
extended to you by a cash advance may be repaid without incurring 
an interest charge.

Late Charge
If  the  minimum  payment  due  is  not  received  by  the  Credit  Union 
within 15 days after the payment due date, a late charge of $25 will 
be imposed.

Additional Fees and Service Charges

We may charge additional service charges for the following:

•  each draft copy that you request: $10
•  additional  copies  of  your  monthly  billing  statement:  $2  (per 

statement)

•  any payment instrument or method including check, in-person, 
ACH  or  other  electronic  transaction  returned  to  us  for  any 
reason: $20

•  researching  transactions  occurring  prior  to  your  most  recent 

account statement: $20 per hour, minimum $20

•	 card replacement fee: $5
•	 convenience check stop payment:  $15
•	 balance transfer stop payment fee:  $15
•	 each request to have a credit card delivered by courier:  $20
Change in Terms
This Agreement is the contract which applies to all transactions on 
your Account, even though the sales, Cash Advance, credit, or other 
documents you sign, agree to, or receive, may contain different terms.  
We may amend, modify, add to, or delete from this Agreement any 
term, condition, service, or feature at any time, including the amount 
or  calculation  of  INTEREST  CHARGES.    Unless  we  state  otherwise, 
the  change  will  affect  any  unpaid  balance  outstanding  and  any 
subsequent transactions.  A notice will be mailed to your last known 
address at least forty-five (45) days prior to the effective date of the 
change as required by federal or other law.  When a notice of change 
in terms is required, it may be sent as late as the effective date of the 
change when the change has been agreed to in writing by you.  Rates 
are based on approved credit. 

Cancellation of Card
You may cancel your card at any time in writing, enclosing all cards 
on  your  account  cut  in  two.  Cancellation  of  the  card  will  end  all 
charging privileges.  We have the right to revoke your right to use 
the  credit  card  at  any  time.  We  can  do  this  with  or  without  cause 
and without giving you notice. We may list revoked credit cards in 
a cancellation bulletin or otherwise inform firms honoring the credit 
card that the credit card issued to you has been revoked or cancelled. 
If we revoke the credit card or it expires, you must return it to us 
if  we  so  request.  Also,  if  a  firm  that  accepts  the  credit  card  asks 
you to surrender an expired or revoked credit card, you must do so. 
You may not use the credit card after it has expired or after it has 
been revoked.  Cancellation or revocation of your credit card will not 
affect  your  obligation  to  pay  any  amounts  that  may  be  due  under 
this Agreement.