VISA Disclosure 

The terms governing the use of this account are enclosed.  These terms may be amended or supplemented by separate 
notices to you, including any notices you have previously received from us.  The disclosures required by federal law are 
set  forth  below  or  are  enclosed,  and  we  are  also  enclosing  a  separate  statement  contacting  important  information 
regarding your rights to dispute billing errors.  Keep these forms so you can refer to them if you have any questions. 

DISCLOSURES REQUIRED BY FEDERAL LAW 

1.  FINANCE CHARGES 

a.  Calculation  Methods-Cash  Advance:  F    Credit  Purchases:  G  (See  Periodic  Finance  Charge  Calculation 

Methods for descriptions) 

b.  Periodic Rates used to compute finance charges- 

Cash Advances:  <<>> % per month Credit Purchases: <<>> % per month  
Corresponding Annual Percentage Rates- 
Cash Advance <<>> % Credit Purchases <<>> % 

c.  For cash advances obtained over the counter equal to or greater than $ 0.00 a finance charge equal to 
the greater of $ 0.00 or 0.00 % of the cash advance will be imposed; however this charge will not exceed 
$  0.00  for  each  over  the  counter  cash  advance.  For  cash  advances  obtained  at  an  automated  teller 
machine (ATM) equal to or greater than $ 0.00 a finance charge equal to the greater of $ 0.00 or 0.00 % 
of  the  cash  advance  will  be  imposed;  however  this  charge  will  not  exceed  $  0.00  for  each  ATM  cash 
advance.  A transaction fee may also be imposed by an ATM operator, not holding your account, or by 
any national, regional, or local network used to complete a cash advance transaction.   

2.  OVERLIMIT BALANCE 

a.  Cardholder  shall  immediately  pay  the  amount  by  which  the  total  new  balance  exceeds  the  maximum 

authorized credit.  (For California accounts see, Sec. 7) 

3.  MINIMUM PAYMENT 

a.  The minimum payment required is the new balance shown on your statement if the amount is equal to 

b. 

or less than $ 20.00. 
If the new balance exceeds $ 20.00 the minimum payment is <<>> % of that portion of the new balance 
which  does  not  exceed  your  credit  limit  (rounded  up  to  the  nearest  dollar),  or  $  20.00,  whichever  is 
greater, plus the entire portion of the new balance in excess of your credit limit plus any amount past 
due.   

4.  LATE PAYMENT FEE 

a. 

If  your  account  is  subject  to  a  Late  Payment  Fee,  a fee  up  to  $20.00  will  be  charged  to  your  account 
when you do not make the required minimum payment 5 days after the closing date subsequent to the 
payment due.   

5.  The  only  finance  charges  assessed  on  your  account  other  than  those  assessed  by  a  periodic  rate,  will  be 
transaction finance charges in connection with cash advances, or international transaction fees (i.e. cross-border 
and/or currency conversion fees) of up to 1%, which may qualify as a finance charge (see item O), if part of your 
plan.  Transactions finance charges  for each cash advance  will be  imposed on the  date the cash advance was 
posted to your account.  No grace period applies on any transaction finance charge imposed for cash advances.   
6.  Documentary stamp taxes as may  be  required by law  shall be  imposed on each cash advance  at the time  the 

7. 

8. 

loan is made. 
In California a maximum of $10 in over limit fees may be imposed with respect to any charge that causes the 
outstanding balance to exceed the credit limit by $500 or 120 percent, whichever is less. No more than one over 
limit charge may be assessed within a single monthly billing cycle. 
If you have other loans or credit extension from issuer, or take out other loans or credit extension with issuer in 
the  future,  collateral  securing  those  loans  or  credit  extension  will  also  secure  your  obligations  under  this 
agreement.  However, unless you expressly agree otherwise, your household goods and dwelling will not secure 
your obligations under this agreement even if issuer has, or later acquires, a security interest in the household 

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VISA Disclosure 

goods or a mortgage on the dwelling.  If you have executed a written agreement granting a security interest in 
any  deposit  accounts  (checking,  savings,  or  share  accounts)  or  other  funds  held  by  issuer  to  secure  your 
obligations under this credit card plan, such accounts and/or funds are additional security for your obligations to 
issuer arising from the use of your card.   

IMPORTANT NOTICES 

*Sign signature panel on the back of card(s) immediately.  Card(s) must be signed to be valid. 
*Destroy old card(s) now. 
*Save your sales slips for comparison with your monthly statement. 

LOST OR STOLEN CARD CALL (727) 570-4881. 

PERIODIC FINANCE CHARGE CALCULATION METHODS 

The periodic  finance  charge  calculation method applicable to your account  for cash advances and credit purchases  of 
goods and services that you obtain through the use of your card is specified in Section 1 and explained below: 

Method  A:    Average  Daily  Balance  (including  current  transaction).    The  finance  charge  on  purchases  begins  from  the 
date  the  transaction  is  posted  to  your  account  and  the  finance  charge  on  cash  advances  begins  from  the  date  you 
obtained the cash advance, or the first day of the billing cycle in which it is posted to your account, whichever is later.  
There is no grace period. 

The finance charges for a billing cycle are computed by applying the monthly periodic rate to the “average daily balance” 
of your account.  To get the average daily balance, we take the beginning balance of your account each day, add any 
new purchases  or cash advances, and subtract  any payments,  credits, non-accruing fees, and unpaid finance  charges.  
This gives us the daily balance.  Then we add up all the daily balances for the billing cycle and divide the total by the 
number of days in the billing cycle.   

Method E: Average Daily Balance (excluding current transactions).  To avoid incurring an additional finance charge on 
the balance of purchases (and cash advances if Method E is specified as applicable to cash advances) reflected on your 
monthly statement, you must pay the new balance shown on your monthly statement on or before the payment due 
date.  The grace period for the new balance of purchases extends to the payment due date. 

The finance charges for a billing cycle are computed by applying the monthly periodic rate to the “average daily balance” 
of purchases (and if applicable, cash advances).  To get the average daily balance, we take the beginning balance of your 
account each day and subtract any payments, credit, non-accruing fees, and unpaid finance charges.  We do not add in 
new purchases or cash advances.  This gives us the daily balance.  Then we add up all the daily balances for the billing 
cycle and divide the total by the number of days in the billing cycle. 

Method F: Average Daily Balance (including current transactions).  To avoid incurring an additional finance charge on the 
beginning balance of cash advances (and purchases, if Method F is specified as applicable to purchase) reflected on your 
monthly statement,  you must pay the beginning balance shown on your monthly statement on or before the payment 
due date.  No grace period is provided for current cycle transactions.  

The finance charges for a billing cycle are computed by applying the monthly periodic rate to the “average daily balance” 
of cash advances (and if applicable, purchases).  To get the average daily balance, we take the beginning balance of your 
account  each day,  add new  purchases  or chase  advances, and subtract  any payments,  credits,  non-accruing fees, and 
unpaid finance charges.  This gives us the daily balance.  Then we add up all the daily balances for the billing cycle and 
divide the total by the number of days in the billing cycle. 

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VISA Disclosure 

Method G: Average Daily Balance (including current transactions).  To avoid incurring an additional finance charge on 
the balance of purchases (and cash advances, if Method G is specified as applicable to cash advances) reflected on your 
monthly  statement  and,  on  any  new  purchases  (and  if  applicable,  cash  advances)  appearing  on  your  next  monthly 
statement, you must  pay  the  new balance,  shown on your monthly statement, on our before  the payment due  date.  
The grace period for the new balance of purchases extend to the payment due date.   

The finance charges for a billing cycle are computed by applying the monthly periodic rate to the “average daily balance” 
of purchases (and if applicable, cash advances).  To get the average daily balance, we take the beginning balance of your 
account each day, add any new purchases or cash advances, and subtract any payments, credits, non-accruing fees, and 
unpaid finance charges.  This gives us the daily balance.  Then we add up all the daily balances for the billing cycle and 
divide the total by the number of days in the billing cycle. 

TERMS GOVERNING THE USE OF YOUR CARD 

The  person  (“Cardholder”)  whose  name  is  embossed  on  the  face  of  the  VISA  (“Card”)  enclosed  herewith,  and  each 
cardholder, in the event more than one card is enclosed herewith bearing the same account number, by signing or using 
said card, receipt of which is acknowledged, agrees with the issuer of the card whose name is printed on the reverse 
(“Issuer”) as follows: 

A.  Goods and Services (“Credit Purchases”) may be purchased or leased by means of such card by cardholder from 
any retail business establishment (“Seller”) who honors same upon the execution of a sales slip evidencing such 
credit purchase and bearing the account number of cardholder embossed on the face of such card.  Additionally, 
VISA Cash Advances (“Loans”) may be obtained through use of such card (a) upon execution of a written request 
of  cardholder  in  a  form  furnished  to  cardholder  from  any  financial  institution  that  is  a  member,  alone  or  in 
association with others, of VISA U.S.A Inc.  and (b) upon execution of a written separate agreement with issuer 
for a VISA overdraft financing agreement, if offered by issuer. 

B.  Cardholder  shall  be  liable  and  agrees  to  pay  issuer  for  credit  purchases  made  by,  or  for  loans  extended  to, 
cardholder or anyone else using such card unless the use of such card is by a person other than the cardholder 
(a)  who  does  not  have  actual,  implied  or  apparent  authority  for  such  use,  and  (b)  from  which  cardholder 
receives no benefit.  Additionally, Cardholder shall be jointly and severally liable and agrees to pay for all credit 
purchases and loans obtained through the use of any other card bearing cardholder’s account number that has 
been issued to another person by reason of such person being a member of a cardholder’s family, or otherwise 
issued upon cardholder’s request (all such cards bearing the  VISA account number hereinafter collectively call 
“Related Cards”). 

C.  Cardholder agrees to pay to issuer an annual membership fee (as stated in the disclosures) for participation in 
the issuer’s credit card plan.  Such annual membership fee shall be imposed whether or not cardholder uses the 
card to obtain credit purchases and loans.  The membership fee shall be charged to cardholder’s account each 
year in the month of issuer’s choice.  The membership fee is not refundable in the event of termination of the 
account either cardholder or issuer unless otherwise provided for by law. 

D.  Each card is the property of the issuer, is not transferable, and must be surrendered upon demand.  It can be 
canceled as well as repossessed by issuer or its designee, and the privileges thereof revoked, at any time with 
prior notice.  

E.  Cardholder shall not use the card or permit the use of related card to obtain credit purchases or loans which will 

increase cardholder’s indebtedness to issuer to an amount in excess of the limit established by issuer. 

F.  All credit purchases and loans are effected at the option of the seller and cash advancing financial institution, 
respectively, and issuer shall not be responsible for refusal by any seller or cash advancing financial institution to 
honor the card or any related card.  Any refund, adjustment or credit allowed by seller shall not be by cash but 
rather by a credit advice to issuer which shall be shown as a credit on cardholder’s account statement is issuer. 

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VISA Disclosure 

G.  Issuer  will  send  to cardholder,  at  monthly  intervals determined  by  issuer,  a  statement  reflecting  for  the  prior 
monthly  period  all  VISA  Card  and  Related  Card  transactions.    Such  statement  shall  be  deemed  correct  and 
accepted by cardholder and all holders of related card unless issuer is notified to the contrary in writing within 
60 days of mailing of such statement cardholder will pay such statement by remitting to issuer within 25 days of 
the  closing  date  reflected  on  the  statement  either  the  full  amount  billed  or,  at  cardholder’s  option,  an 
installment equal to at least the required minimum payment stated in Section 4. 

I. 

H.  Interest  on  loans  and  credit  purchases  will  be  charged  in  accordance  with  the  finance  charge  calculation 
mentioned referred to in Section 1 of the disclosures.  The rate of interest  shall be established by issuer from 
time to time, but shall never exceed the maximum rate permitted by law.  The current interest rate per annum is 
the annual percentage rate set forth in Section 1 of the disclosures. 
If the card is canceled or surrender is demanded by the issuer, or if cardholder default in any payment due, or is 
deceased, bankrupt or insolvent, or any attachment or garnishment proceedings are initiated against cardholder 
or his property, issuer may elect to declare all amounts then owed to issuer to be immediately due and payable 
without notice or demand of any kind.  If cardholder has other loans from issuer, or takes out other loans with 
issuer  in  the  future,  collateral  securing  those  loans  will  also  secure  the  cardholder’s  obligations  under  this 
agreement.   However, unless the cardholder expressly agrees otherwise, the cardholder’s household goods and 
dwelling  will  not  secure  cardholder’s  obligations  under  this  agreement  even  if  issuer  has  or  later  acquires  a 
security  interest  in  the  household  goods  or  a  mortgage  on  the  dwelling.    Cardholder  agrees  to  pay  all  costs 
incurred by issuer in collection cardholder’s indebtedness or in enforcing this agreement, including reasonable 
attorney’s fees and also those costs, expenses and attorney’s fees incurred in appellate, bankruptcy and post- 
judgment proceedings, except to the extent such costs, fees or expenses are prohibited by law.   

J.  This  agreement  may  be  amended  from  time  to  time  by  issuer  by  written  notice  mailed  to  cardholder  at  the 

cardholder’s last known address. 

K.  Except to the extent that Federal law is applicable, the validity, construction and enforcement of this agreement 
and  all  matter’s  arising  out  of  the  issuance  and  use  of  the  card  shall  be  governed  by  the  laws  of the  state  in 
which the principal office of issuer is located. 

L.  Additional charges, plus applicable taxes, may also be assessed if you pay us with a check not honored by your 
financial  institution,  request  a  copy  of  a  document,  request  a  replacement  card  or  use  your  card  for  a 
transaction at an automated teller machine, is such charges are not prohibited by law or regulation.  No finance 
charge will be assessed on such additional charges. 

M.  If it is believed that the card has been lost or stolen or used in an unauthorized manner, the cardholder shall 
contact issuer at once, in order to minimize possible losses.  In most cases, the cardholder will not be liable for 
any unauthorized transactions unless it is determined that the cardholder was grossly negligent or fraudulent in 
the handling of the card.  Notification can be made orally or in writing at:  

Credit Card Security Department   
P O Box 30035 
Tampa, Florida 33630 

Telephone Number (727) 570-4881 

N.  Cardholder  agrees  that  issuer,  its  agents  or  service  companies  may  monitor  and/or  record  any  telephone 

communications with cardholder. 

O.  Payments  must  be  made  to  issuer  in  U.S.  dollars  drawn  on  an  U.S.  financial  institution.    If  cardholder  incurs 
charges  in  any  other  currency,  the  charges  will  be  converted  into  U.S.  dollars.    The  exchange  rate  for 
transactions in a foreign currency will be a rate selected by VISA from the range of rates available in wholesale 
currency  markets  for  the  applicable  central  processing  date,  which  rate  may  vary  from  the  rate  VISA  itself 
receives, or the government mandated rate in effect for the applicable central processing date.  All transaction 
in foreign countries will be subject to a 1% conversion or processing fee.   

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VISA Disclosure 

P. 

Issuer shall have sole discretion in how payments are applied to cardholder’s account.  Issuer may accept checks 
marked “Payment in Full” or with words of similar effect without losing any of issuer’s rights to collect the full 
balance of cardholder’s account. 

Q.  Issuer can reinvestigate and reevaluate any information cardholder provided on cardholder’s credit application 
at any time, and in the course of doing so, issuer may ask cardholder for additional information, request credit 
bureaus reports and/or otherwise verify cardholder’s current credit standing. 

R.  Cardholder agrees that issuer may re-release information to others, such as credit bureaus, regarding the status 
and history of cardholder’s account.  However, issuer is not obligated to release any such information to anyone 
unless issuer is required by law to do so. 

S.  Cardholder agrees the cardholder’s account shall be subject to all applicable rules and regulations of VISA U.S.A 
Inc., as applicable, as well as all applicable laws.  If there is any conflict between the provisions of this agreement 
and the rules and regulations of VISA U.S.A Inc. the rules and regulations of VISA U.S.A Inc. shall control.  You 
Visa Card may not be used for any illegal transaction(s). 

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BayPort	Credit	Union
3711	Huntington	Avenue
Newport	News,	VA.	23607
VISA	Platinum	Preferred,	VISA	Platinum	Rewards,	VISA	Classic	and	VISA	Secured	Credit	Cards	Application	and	
Solicitation	Disclosure. Please keep this with all your loan documents. Annual Percentage Rates and other related 
information for each card is shown below. 

Interest	Rates	and	Interest	Charges

Annual	Percentage	Rates
(APR)	for	Purchases

VISA	Platinum	Preferred

*3.99%	Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated 
during this promotion period will remain at the 3.99% through statement closing of December, 2014.

8.99%	-	12.49% when you open your account, based on your creditworthiness.

VISA	Platinum	Rewards

*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated 
during this promotion period will remain at the 3.99% through statement closing of December, 2014.

9.50%	-	12.99% when you open your account, based on your creditworthiness.

VISA	Classic

*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated 
during this promotion period will remain at the 3.99% through statement closing of December, 2014.

12.99%	-	17.49% when you open your account, based on your creditworthiness.

Your actual rate will be disclosed when you open your account.

*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated 
during this promotion period will remain at the 3.99% through statement closing of December, 2014.

VISA	Secured

APR	for	Balance	Transfer

VISA	Platinum	Preferred

14.99% When you open your account

*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated during 
this promotion period will remain at the 3.99% through statement closing of December, 2014.

8.99%	-	12.49% Based on your creditworthiness.

VISA	Platinum	Rewards

*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated during 
this promotion period will remain at the 3.99% through statement closing of December, 2014.

9.50%	-	12.99% Based on your creditworthiness

VISA	Classic

*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated during 
this promotion period will remain at the 3.99% through statement closing of December, 2014.

12.99%	-	17.49% Based on your creditworthiness

VISA	Secured

*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated during 
this promotion period will remain at the 3.99% through statement closing of December, 2014.

14.99% When you open your account.

SEE	NEXT	PAGE	for	more	information	about	your	account

	
	
	
APR	for	Cash	Advancess

VISA	Platinum	Preferred
*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated during 
this promotion period will remain at the 3.99% through statement closing of December, 2014.

8.99%	-	12.49% Based on your creditworthiness

VISA	Platinum	Rewards
*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated during 
this promotion period will remain at the 3.99% through statement closing of December, 2014.

9.50%	-	12.99% Based on your creditworthiness

VISA	Classic
*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated during 
this promotion period will remain at the 3.99% through statement closing of December, 2014.

12.99%	-	17.49% Based on your creditworthiness

VISA	Secured
*3.99% Introductory rate effective February 1, 2014 thru April 30, 2014. The balance accumulated during 
this promotion period will remain at the 3.99% through statement closing of December, 2014.

14.99%- When you open your account. 

N/A

Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on 
purchases if you pay the entire balance by the due date of each month. We will begin charging interest on 
cash advances and balance transfers on the date of the transaction.

Penalty	APR	and	When	it	
Applies
Paying	Interest	–	applicable	
to	all	of	the	above	
mentioned	credit	cards
Minimum	Interest	Charge	–	
applicable	to	all	of	the	above	
mentioned	credit	cards
For	Credit	Card	Tips	from	
the	Consumer	Financial	
Protection	Bureau
Fees	-	Applicable to all of the credit cards listed in this disclosure
Annual	Fee

None

None

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

Transaction	fees

Foreign Transactions

1% of each transaction in U. S. dollars.

Penalty	Fees

Late Payment fee

Up to $20.00	fee assessed if payment is not received 5 days after statement closing

Return Payment

Up to $20.00	Non-sufficient funds or items returned for uncollected funds regardless of reason.

Other	Fees	
Applies to Visa Secured 
Card Only

$20.00	fee when account is closed within 60 days of opening date.

How	we	calculated	your	balance:	We use a method called “average daily balance (including new purchases).”See your 
account agreement for more details.

*Loss	of	Introductory	APR	on	Purchases,	Balances	Transfers,	and	Cash	Advances:	If your minimum monthly pay-
ment is not received (or never received) by the statement closing date, the APR for purchases, balance transfers, and 
cash advances will revert back to the standard rate based on your creditworthiness. This standard Annual Percentage 
Rate will also apply to any balance and future transactions accumlated after the promotion period. If the account balance 
exceeds your approved limit or if the account is closed, your APR will increase to the standard rate.

Effective	Date: The information about costs of the card described in this application is accurate as of February	1,	2014.	
This information may have changed after that date. To find out what may have changed, contact the credit union at 
757-928-8850 or 1-800-928-8801.