Summary of Credit Terms - Union Bank Preferred Rewards Visa Card 

PLEASE NOTE: If you apply for the Union Bank® Preferred Rewards™ Visa® Card and meet our eligibility criteria for the Visa Signature® Card, you agree that we may 
consider your application as one for (and upgrade you to) the Union Bank Preferred Rewards Visa Signature Card. 

The rates below reflect the 6/16/22 Prime Rate increase that we will implement on 7/20/22. For accounts opened through 7/19/22, the Summary of Credit 
Terms with your new card will not reflect the increased rate. For accounts opened after 7/19/22, the Summary of Credit Terms will reflect the increased rate.

Interest  Rates  and Interest  Charges 

Annual Percentage  Rate 
(APR) for Purchases 

0.00% Introductory APR f or the f irst 12 months that your account is open.
Af ter that, your  APR  will be15.49% to 25.49%, based on your 
creditworthiness. This APR will vary with the market based on the Prime Rate. 

APR for  Balance Transfers 

0.00%  Introductory APR f or the f irst 12 months that your account is open. 

Af ter that, your APR will be 15.49% to 25.49%, based on your 
creditworthiness. This APR will vary with the market based on the Prime Rate. 

APR for  Cash Advances 

26.75%. 

This APR will vary with the market based on the Prime Rate. 

Penalty APR 

None 

Paying Interest 

Your due date is at least 21 calendar days af ter the close of each billing cycle. We will not 
charge you any interest on purchases if  you pay your entire balance by the due date each 
month. We will begin charging interest on cash advances and balance transfers on the 
transaction date. 

Minimum Interest Charge 

If  you are charged interest, the charge will be no less than $1.75. 

For Credit Card Tips from 
the Consumer  Financial 
Protection  Bureau 

To  learn more about f actors 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 

None 

•

Balance Transf er

Either $10 or 3% of  the amount of  each balance transf er, whichever is greater. 

• Cash Advance

Either $15 or 5% of  the amount of  each cash advance, whichever  is greater. 

•

Foreign Transaction

3%  of  each transaction in U.S. dollars. 

Penalty Fees 

•

Late Payment

Up to $37. 

• Over-the-Credit Limit

None 

• Returned Payment

Up to $35. 

How We  Will Calculate  Your Balance:  We use a method called "average daily balance (including new purchases)." 

The  inf ormation about the costs of the card described in this application is accurate as of 07/20/2022. This inf ormation 
may have changed af ter that date. To  f ind out what may have changed, please call us at 877-505-6789. 

SEE BACK  OF PAGE for more important information about your account. 

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ADDITIONAL  TERMS & CONDITIONS 

If  an account is opened, you will receive a  Cardmember Agreement (“Agreement”) with your card(s). You agree to the terms of  this Agreement by: using 
the account or any card, authorizing their use, or making any payment on the account. We have the right to  change the account terms (including the APRs) 
in  accordance  with  your  Agreement.  We  reserve  the  right  to  change  the benefit features  associated  with  your  card  at  any  time.  Complete  terms  and 
conditions will be provided to you when you become an approved cardmember. Cards are issued and serviced by Union  Bank Card Services, a  division 
of MUFG Union Bank, N.A. 

IMPORTANT  INFORMATION  ABOUT  PROCEDURES  FOR  OPENING A NEW ACCOUNT 

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and 
record information that identifies each person and/or entity that opens an account; and What this means to you: When you open an account, we will ask  
for your name, address, date of birth (for individuals) and other information that will allow us to identify you. We may also ask to see your driver’s license 
or other identifying documents. 

CREDIT  REPORT AUTHORIZATION 

By  submitting an application for credit, you authorize us to obtain credit bureau reports that we will use when considering y our application for credit. You 
also authorize us to obtain credit bureau reports and any other information about you  in connection with the extensions of credit on your account and the 
administration, review or collection of your account.  If you ask, we will tell you the name and address of the credit bureau from which we obtained a report 
about you. You also authorize us to verify your employment, income and other relevant information. 

COMMUNICATION  AUTHORIZATION 

By providing a telephone number, including but not limited to a cellular (mobile) telephone number, you agree that we (including companies working on 
our behalf) have your express consent to contact you or the Company at the number provided about any of the Company’s Union Bank accounts, and that 
we  may  use  text  messaging, artificial  or prerecorded  voice  messages and automatic dialing  technology to  call  you  for  any non  -telemarketing  purpose, 
including but not limited to informational, account servicing, and collection calls. Message and data rates may apply. You also agree that by providing your 
email address, we have your permission to contact you through your email address to notify you of progress on your application, provide important account 
information, to let you know about other products and services. 

ARBITRATION  NOTICE 

If  you  are  issued a  credit  card,  your  Agreement  will  contain  a  binding arbitration  provision.  In  the event  of  any  dispute  relating  to  your  account,  the 
dispute will be resolved by binding arbitration pursuant to the rules of the American Arbitration Association or JAMS/Endispute. Both you and we agree to 
waive  the  right  to go  to  court  or  to  have  the  dispute heard by a  jury  (except  as  to any  collection  activities on  your  account).  You and  we  will be  waiving 
any  right  to a  jury  trial and  you  also  would  not have the  right to  participate as a part  of a  class of  claimants  relating  to  any  dispute  with  us.  Other  rights 
available  to  you  in  court  may  also  be  unavailable  in  arbitration.  When  you  receive  your  Agreement,  you  should  read  the  Resolution  of  Claims  by 
Arbitration provision in your Agreement carefully and not accept or use the Card unless you agree to be bound by the arbitration provision. 

BALANCE  TRANSFERS 

If  you are issued a credit card, you authorize us to make one or more of  the balance transfers that you have requested from credit card accounts or other 
types of accounts with other financial institutions. Balance Transfers cannot be used to pay off or pay down any Union Ban k credit card, either opened in 
your name or any other person. All balance transfer requests are subject to our approval; we are not liable if we do not make a requested balance transfer. 
We reserve the right to  make balance transfers in the order we select and to limit the amount of the balance transfers that we make (this amount may be 
less than your total credit limit).  If you request an amount that we do not approve, we may process a partial transfer for less than you requested or we may 
decline the entire request. In addition, transfer requests that are incomplete, illegible or requested to cash, to yourself or to another account with us or one 
of our affiliates may not be processed. You should not transfer any amount that is in dispute in order to preserve your dispute rights. When you transfer a 
balance from another account, we send a payment in  the amount of the balance transfer to the other financial institution. We  have no control over, and 
are not responsible for, how and when the other financial institution applies the payment.  You are responsible for verifying that the other financial institution 
applies the balance transfer payment in accordance with your other account’s terms. You should continue to monitor the other accounts that you requested 
us  to  send  the  proceeds  of  the balance  transfer  to,  and  you  should  continue  to  pay  the  minimum payments due on  those accounts  until  you  receive 
statements from those creditors showing that the balances due them have been paid in full. This might not happen until after the balance transfer appears 
on your billing statement from us. You are liable for any late payments, finance charges or disputed amounts on your other accounts. We do not send 
instructions  to  the other  financial  institution  to  close  your  other  account. If  you  want  the other account  to  be  closed,  you  must  do  that  yourself.  Balance 
transfers are subject to applicable fees and finance charges and  do not have the benefit of a grace period. If you  take advantage of a balance transfer 
offer and continue to use the credit card to make purchases, you will lose the interest-free grace period on the new Purchases unless you pay 
the entire statement balance, including the amount subject to the promotional APR, by the payment due date. 

OVERDRAFT  PROTECTION  LINKED  TO A  UNION BANK  CREDIT CARD 

Service  is  limited  to  covering  one  personal  checking  account  linked  to  one personal  Union  Bank  credit  card,  and  both  accounts  must  have  a common 
owner. 

By  enrolling  in  Overdraft  Protection  Linked  to a  Union  Bank  Credit  Card,  you authorize  the Bank  to  make advances  on  your  Unio  n  Bank  Credit  Card 
(subject to your available credit) in order to cover transactions (including transfers between checking, money market, and savings accounts) presented for 
payment  against  insufficient  funds. We  will not  authorize  transactions  requiring  real-time  authorization  (such  as  ATM  withdrawals,  ATM  or  Debit  Card 
Purchases, and cash withdrawals in a Union Bank branch) using this service. If you attempt a transaction requiring real-time authorization and there are 

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insufficient available funds in the linked checking account, the transaction will be declined. Activation of the Overdraft Protection service may take up to 5 
business days following the approval of a new credit card account; for customers with an existing open credit card account, it may take up to 5 business 
days from the initial request to enroll in the Overdraft Protection service. 

Each business day that  we  determine that  your linked  checking account  is overdrawn by any amount, you  authorize us to  make an  Overdraft  Advance 
equal to a) $50, or b) the next highest multiple of $50 that will equal or exceed the linked checking account overdraft, as determined by us. For example, 
if we  determine that your linked checking account is overdrawn by $125, you understand and agree that we may automatically make an Overdraft Advance 
of $150 from your Union Bank Credit Card for deposit to your linked checking account. We will make advances only once each business day. 

Advances will only be processed if at least one transaction can be covered by the advanced amount.  Any negative balance from a previous business day 
will  not trigger an advance unless another eligible transaction is presented for payment and there is sufficient available credit on the credit card accou nt to 
cover  at  least  that  additional transaction.  If  you  do  not  have sufficient available  credit on  your  credit  card  account to  cover  all transactions,  your 
linked checking account may be subject to fees for any uncovered transactions.  The total advance amount will appear on the linked checking account 
statement  each  day an  advance  is  made.  Only  one  checking  account  may  be  linked  to  one  credit  card  account,  and  both  accounts must  have  a 
common  owner.  If  your  linked  checking  account  is  changed  to  a  closed  status for  any reason,  Union  Bank may  terminate  the  Overdraft  Protect  ion 
Linked to a Union Bank Credit Card service without notice. 

Overdraft  Advances  and  the  $10  daily  Overdraft  Advance  Fee  will  be  added  to  your  Overdraft  Advance  Balance  Category  on  your  credit  card 
monthly  statement  and  be  charged  the  Overdraft  Advance  Annual  Percentage  Rate.  Your  APR  will  be  15.49%  to  25.49%,  based  on  your 
creditworthiness.  This APR will  vary with the market based on the Prime Rate. No grace period will apply when calculating finance charges for Overdraft 
Advances. If your linked credit card  account is changed to a closed status for any reason, Union Bank may terminate the Overdraft Protection Linked to a 
Union Bank Credit Card service without notice. You may cancel this service at any time. 

Some accounts may not be eligible for Overdraft Protection Linked  to  a Union  Bank Credit Card. For more  information, see  the Union Bank Personal 
Accounts & Services Disclosure and Agreement. 

OTHER  DISCLOSURES 

CALIFORNIA RESIDENTS: A  married applicant may apply for a separate account. Additionally, we may obtain information at any time from the California 
Department of Motor Vehicles. You agree to waive the address confidentiality requirements section of the California Vehicle Code (Section 1808.21). 

NEW  YORK  RESIDENTS  may contact the  New York State  Department of Financial Services by telephone at 1  -800-342-3736 or visit its website at 
www.dfs.ny.gov for free information on comparative credit card rates, fees and grace periods. 

OHIO  RESIDENTS:  The  Ohio  laws against  discrimination  require  that all  creditors make  credit equally available to all  creditworthy  customers and  that 
credit reporting agencies maintain separate credit histories on each individual upon request. Th e Ohio Civil Rights Commission administers compliance 
with this law. 

WASHINGTON  STATE RESIDENTS:  Washington state law prohibits discrimination in credit transactions because of race, creed, color, national origin, 
sex, or marital status. The Washington State Human Rights Commission administers compliance with this law. 

NOTICE  TO  MARRIED  WISCONSIN  APPLICANTS:  No  provision of  any marital property agreement, unilateral statement  or  court decree  adversely 
affects our interests and/or rights unless, prior to the time the credit is granted or an open-end credit plan is entered into, we are furnished with a copy of the 
agreement, statement,  or decree, or have actual knowledge of the adverse provision.  Married Wisconsin residents applying  for credit separately 
must furnish name and address of their spouse to Union  Bank at P.O. Box 60398, Phoenix, AZ 85026. 

MILITARY LENDING ACT 

Federal law provides important protections to members of the Armed  Forces and their dependents relating to extensions of con sumer credit. In general, 
the cost of consumer credit  to a member of the Armed  Forces and his or her dependent may not exceed an annual percentage rate  of 36 percent. This 
rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums; fees for ancillary products sold 
in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and 
any participation fee charged (other than certain participation fees for a credit card account). 

Additionally, if any clause in your Agreement with us conflicts with the  federal law protections afforded to members of the Armed Forces, including any 
provision related to mandatory arbitration, federal law will prevail. 

If you would like to receive this Military Lending Act disclosure orally, please call 1 -877-925-8666. 

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The following is a summary of certain key terms and conditions for the Union Bank Rewards Program for the Union Bank Preferred Rewards Visa Credit 
Card. You will receive complete Program terms and conditions with your account opening materials if your application is approved. 

REWARDS  PROGRAM  TERMS AND  CONDITIONS 

EARNING REWARD POINTS 

Purchases 

You earn points when you (or your authorized user) make “Purchases” of products and services with your credit card, excluding disputed billing items and 
items that are subsequently subject to a refund or credit (such as for returned merchandise) (collectively “Purchases”). 

Purchases do not include: 

a )  Annual fees, finance charges and other fees or charges posted by us to the account; 
b )  Cash advances (including but not limited to cash received over the amount of Purchases charged to the account, Purchases of money orders 

or other cash equivalents) or special check transactions; 

c )  Balance transfers; 
d )  Overdraft advances; 
e )  Charges for other products, services, or benefits that we provide (such as credit insurance premiums); or 
f)

Other transactions that we determine not to be eligible.

Point awards are not earned until they appear on the account statement. Points that have been awarded may be deducted if, aft er points are awarded, 
Purchases are  subsequently  subject to  a  refund,  credit  or dispute. We  reserve  the  right  to  retroactively  correct errors  made  in point awards.  Points  you 
earn during the billing cycle will  be added to your reward point balance within 7 days after the end of the billing cycle. 

Introductory  Rewards Bonus 

You  will  earn  a  10,000  introductory  reward  points  bonus  following  your first  $1,000  in  Purchases  made  within 3  months of account  opening.  These 
points  will  post  to  your  reward point balance  within  8  weeks  after  the  close  of  your third billing  cycle. You  are  limited  to  one  introductory  reward  points 
bonus per card account. 

Digital Wallet Points 

You will earn 5 points (also referred to in marketing materials as “5X points”) (consisting of 1 base point and 4 bonus points) for  each $1 spent for the 
first  $6,000 of Purchases made during the first 12 months after account opening using Digital Wallets. A “Digital Wallet Purchase” is a purchase made by 
tapping to pay at a physical point of sale using one of 3 digital wallets – Google Pay™, Apple Pay®, Samsung Pay®. After you make $6,000 in Purchases 
during the first 12 months after account opening using Digital Wallets, no further bonus points will be earned, but you will continue to earn 1 point for each 
$1.00  spent  on  Purchases using  Digital  Wallets.  Digital Wallet Purchases  at  Restaurants,  Grocery  Stores, and Gas  Stations  earn  points as defined  for 
Digital Wallet Purchases and do not earn Restaurant, Grocery Store, or Gas Station bonus points. 

Restaurant Points 

You will earn 3 points (also referred to in marketing materials as “3X points”) (consisting of 1 base point and 2 bonus points) for  each $1 spent for the 
first  $6,000 of Purchases made during each year (based on your account opening date) at Restaurants. A “Restaurant” is a merchant with  the merchant 
category code (MCC)  for “Caterers” (MCC 5811), “Eating Places and Restaurants” (MCC 5812), "Drinking Places (Alcoholic Beverages), Bars, Taverns, 
Cocktail Lounges, Nightclubs and Discotheques” (MCC 5813), “Fast Food Restaurants” (MCC 5814).  After you make $6,000 in Purchases at Restaurants 
in a year, you will earn 1 point for each $1.00 spent on Purchases that you make at Restaurants for the remainder of the year. 

Grocery Stores & Gas Stations 

You will earn 2 points (also referred to in marketing materials as “2X points”) (consisting of 1 base point and 1 bonus point) per $1 spent for the first 
$6,000 of Purchases made during each year (based on your account opening date) at Grocery Stores and Gas Stations. A “Gas Station” is a merchant 
with the merchant category code (MCC) for “Service Stations (with or without ancillary services)” (MCC  5541), “Automated Fuel Dispensers” (MCC 5542). 
A  “Grocery  Store”  is  a  merchant  with  the  merchant  category  code  (MCC)  for  “Grocery  Stores”  or  “Supermarkets”  (MCC  5411),  “Dairy Product  Stores” 
(MCC  5451), “Bakeries” (MCC 5462), “Misc.  Food Stores (convenience stores and specialty markets)” (MCC 5499). After you make  $6,000 in Purchases 
at Grocery Stores and Gas Stations in a year, you will earn 1 point for each $1.00 in Purchases that you make at Grocery Stores and Gas Stations for the 
remainder of  the year. Please note that the MCCs for superstores, discount stores and warehouse clubs are not eligible for bonus points, so Purchases 
made at these merchants will only earn 1 point for each $1 spent on Purchases, including grocery items. 

All Other Purchases 

You will earn 1  point  (also referred to in marketing materials as “1X points”) for  each  $1 spent  on all new eligible Purchases charged to the card each 
billing cycle that are not a Digital Wallet Purchase or from merchants that are not Restaurants, Grocery Stores, or Gas Stations. 

Merchant Category Codes & Purchases 

Merchants are assigned a merchant category code by payment card processors based upon the merchant's primary line of business. We do not determine 
the MCC  for a  merchant. Whether a transaction is eligible for bonus points depends on the MCC actually assigned to a merchant. Purchases processed 
through  merchants  that do  not process  transactions  under  the  eligible  MCC  and  Purchases  processed  through  third  -party payment accounts  (e.g., 
PayPal™) will not qualify to receive bonus points. 

REWARD POINT REDEMPTION 

You may redeem points for the following: 

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•  Merchandise, gift cards/certificates, travel (airline, hotel and car rental), and additional redemption options based on the point redemption value 

associated with the Reward, which may vary depending on the Reward;
A statement credit to your card account at a rate of 1 cent per point;
A deposit into a Union Bank checking or savings account at a rate of 1.25 cents per point;
A principal reduction payment to your Union Bank mortgage account at a rate of 1.50 cents per point. 

• 
• 
• 

You must have a Union Bank checking account, savings account, or residential mortgage account in  an open status with Union Bank to qualify for the last 
two point redemption methods referenced above. 

When you redeem points for a statement credit to your card account, the statement credit is treated as an additional payment on your account. You  are 
still required to make your regular monthly account payments as indicated on your monthly statements. Statement credits will post to your card 
account within 5 business days. It may not appear on your monthly statement for 1 to 2 billing cycles. 

When you redeem points for a deposit into a Union Bank checking or savings account, the deposit will post to your checking or savings account within 5 
business days. 

When you redeem points for a principal reduction payment to you r Union Bank mortgage account, the payment will be applied as  an extra principal payment 
and will not count toward you r regular monthly payment. You are still required to  make your regular mortgage account payments as indicated on 
your monthly  mortgage statements. Principal reduction payments will post to your mortgage account within 5 business days. It may not appear on your 
mortgage account monthly statement for 1 to 2 billing cycles. 

We may also provide additional redemption options from time to time. Redemption options are  offered solely in our discretion, are not guaranteed, and are 
subject to any limits that we may impose. Redemptions options may be withdrawn at any time without notice. 

The amount of points redeemed for a Reward will be subtracted from your point balance.  We may, in our discretion, set a minimum or a maximum number 
of points that you may redeem in a single transaction. We may adjust this amount from time to time. We also may require that redemptions occur in round 
increments that we will set in our discretion from time to time. All Rewards are subject to availability. We may withdraw, change or replace any Reward 
item. We may also change the number of points required to redeem a Reward, at any time and without prior notice to you. All redemption transactions 
are final.  There  are  no  refunds, exchanges,  replacements or  conversions  for  currency,  credits,  points,  or  Rewards.  Point  redemptions  for  Rewards 
maybe subject to shipping, handling or other fees, and shipping restrictions may apply. 

The merchants  participating  in  the Program  are  not affiliated  with us nor are  these merchants  considered  sponsors  or co-sponsors of the Program.  All 
trademarks are the property of their respective owners. The merchants’ terms and conditions apply to their respective gift cards/certificates, merchandise 
and/or services. Upon receiving your Rewards, see each merchant’s specific terms and conditions for complete details, which are subject to change by 
the merchants at their sole discretion from time to time, subject to applicable law. 

REWARD POINT EXPIRATION 

Points are redeemed on a first-in, first-out basis. Points will expire on or after the third anniversary of the date earned. 

PROGRAM CHANGES 

We reserve the right to cha nge these Program terms and conditions with or without prior notice (except where required by law).  Point redemption amounts 

may change at any time. 

DISQUALIFICATION/TERMINATION 

If the account does not remain in good standing, you will not earn future points, cannot redeem points, and you will forfeit any accumulated points previously 
awarded. An account  is  in  good  standing  when no event has occurred  that  allows us  to  require  immediate payment  of  your  entire  balance  under  the 
Agreement, including, without limitation, failing to make the minimum payment when due, having a payment to us denied, providing us false or misleading 
information, or other reasons described in the Rewards Program Terms and Conditions. 

We reserve the right  to  disqualify  or remove  any person  or account  from  participation  in  the Program,  refuse  to award  or redeem points,  or close  your 
account at any time, for any reason including, but not limited to, your account being inactive (as such term is defined by us from time to time). If such a 
disqualification occurs, it may result in the forfeiture of any accumulated points.  Closing you r account (by you or by us) will result  in the termination of your 
enrollment in the Program, and any accumulated points will be forfeited. 

Cards are issued and serviced by Union Bank Card Services, a division of MUFG Union Bank, N.A. 

Apple, the Apple logo, Apple Pay, Apple Watch, Touch ID, IPhone and IPad are trademarks of Apple Inc. registered in the U.S. and other 
countries. 
Google Pay is a trademark of Google, LLC. Google, Google Pay, and the Google Logo are trademarks of Google, LLC. 
Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd. 

©2022 MUFG Union Bank, N.A. All rights reserved. Member FDIC. 
Union Bank is a registered trademark and brand name of MUFG Union Bank, N.A. unionbank.com 

Union Bank Preferred Rewards Visa Card (CEP/EP5321MR) – Web 07/22 

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