Annual Percentage Rate (APR)For Purchases
Annual Percentage Rate (APR)For Balance TransfersInterest Rate and Interest Charges
Annual Percentage Rate (APR)For Cash AdvancesCREDIT LINE ACCOUNT AGREEMENTAND FEDERAL DISCLOSURE STATEMENT
P a g e1o f6 Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved. OTBS 016 FRB_WEB ALTA (12/15)Rev. (12/15)701 South China Lake BoulevardP. O. Box 1209Ridgecrest, CA 93556-1209(760) 371-7000 or (800) 433-9727FAX (760) 371-7079Website: www.altaone.org
VISA Platinum: ________%
VISA Platinum Rewards: ______%
VISA Business Platinum Rewards: ______%
VISA Platinum Secured: ______%THIS IS YOUR CREDIT LINE ACCOUNT AG REEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-IN-LENDING DISCLOSURE STATEMENTS, VISA PLATINUM, VISAPLATINUM REWARDS, VISA BUSINESS PLATINUM REWARDS AND VISA PLATINUMSECURED AGREEMENTS, AND ANY SPECIAL I NSTRUCTIONS REGARDING THE USE OF YOUR VISA PLATINUM, VISA PLATINUM REWARDS, VISA BUSINESS PLATINUMREWARDS AND VISA PLATINUM SECURED CREDIT CARDS, AND/OR ANY OTHERACCOUNT ACCESS DEVICE. PLEASE BE CERTAIN TO READ THIS AGREEMENTCAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
VISA Platinum:______%VISA Platinum Rewards:______%VISA Business Platinum Rewards:______%VISA Platinum Secured:______%Signature Line of Credit______%VISA Platinum:______%introductory APR until December 31, 2016After that, Your APR will be______%VISA Platinum Rewards:______%introductory APR until December 31, 2016After that, Your APR will be______%VISA Business Platinum Rewards:______%introductory APR until December 31, 2016After that, Your APR will be______%VISA Platinum Secured:______%introductory APR until December 31, 2016After that, Your APR will be______%
SEE PAGE 2 for more important information about Your AccountFor VISA, We will not charge You interest on purchases if You pay Your entire balanceowed each month within 25 days of Your statement closing date. For all FeatureCategories, We will begin charging interest on cash advances and balance transfers onthe transaction date.Paying InterestFor Credit Card Tips fromthe Consumer FinancialProtection BureauTo learn more about factors to consider when applying for or using a Credit Card,visit the website of the Consumer Financial Protection Bureau athttp:www.consumerfinance.gov/learnmore.
FeesAnnual FeeFor VISA Platinum Secured,$30.00 Fees(continued)3.00%of each transfer ($5.00minimum)1.00%of each U.S. Dollar transaction that occurs in a foreign country0.80%of each foreign currency transaction in U.S. dollarsBalance TransferForeign TransactionTransaction Fees
..
Over-the-Credit LimitLate PaymentPenalty Fees.. Except VISA Business Platinum Rewards, up to$25.00 For VISA Business Platinum Rewards,$25.00per day Except VISA Business Platinum Rewards and Signature Line of Credit, up to $25.00 For VISA Business Platinum Rewards and Signature Line of Credit, $25.00 How We Will Calculate Your Balance:We use a method called "daily balance." See Your Account Agreement for details.Billing Rights:Information on your rights to dispute transactions and how to exercise those rights is provided in YourAccount Agreement.SEE PAGE 1 for more important information about Your Account
P a g e2o f6 Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved. OTBS 016 FRB_WEB ALTA (12/15)Rev. (12/15) AccountFeature Categories DailyPeriodic Rate AnnualPercentage RateVISA PlatinumVISA Platinum RewardsVISA Business Platinum RewardsVISA Platinum SecuredSignature Line of CreditTRANSACTIONS/ADVANCES.Whenever You request a transaction, We mayrequire You to prove Your identity. Advances made on Your Account will beprocessed according to the instructions You give Us (such as by wire transfer,direct transfer to Your Credit Union account or by other such means) and Youauthorize Us to do this, or We may draw a draft or check made payable to You andmail it to You. When the amount advanced appears on a subsequent statement,that will be conclusive evidence of Your advance request unless You notify Us thatYou disagree with any such item appearing on Your periodic statement accordingto the provision of this Agreement titled "Your Billing Rights: Keep this Documentfor Future Use". You understand that whether or not any specific secured advancerequest is approved may be determined by how much equity You have or will havein the shares, certificates and/or Collateral offered as security.SECURITY.As permitted by law, to secure all transactions under this Agreementin either joint or individual Accounts, We have the right to impress and enforce astatutory lien against Your shares on deposit with Us (other than those depositsestablished under a governmental approved tax deferral plan such as an IRA orKeogh account), and any dividends due or to become due to You from Us to theextent that You owe on any unpaid balance on Your Account and We may enforceOur right to do so without further notice to You. Additionally, You agree that Wemay set-off any mutual indebtedness.You acknowledge that You own any certificates, shares and/or Collateral pledgedas security and that there are no other liens against them other than Ours. Youagree to perform all acts which are necessary to make Our security interest in thecertificates, shares and/or Collateral being pledged enforceable.
For advances under any certificate secured Feature Category, all certificates whichare pledged as Collateral must be renewed until Your outstanding Account balanceis paid in full. Failure to renew any certificates securing any advance will cause Yourentire outstanding Account balance to become immediately due and payable.OTHER SECURITY.Collateral (other than household goods orany dwelling) given as security under this Agreement or for any other loan You may have with Us willsecure all amounts You owe Us now and in the future if that status is reflected in the"Truth-In-Lending Disclosure" in any particular Agreement evidencing such debt.
CONSENSUAL LIEN. If You have been issued a VISA Credit Card, You grantand consent to a lien on Your shares with Us (except for IRA and Keoghaccounts) and any dividends due or to become due to You from Us to theextent You owe on any unpaid VISA Credit Card balance.LINE OF CREDIT LIMITS.We will notify You of the Credit Limits given You forYour Account no later than the time of the first advance. We expect that You willmake repeated advances on Your Account and unless You are in default, YourCredit Limit will generally be self-replenishing as You make payments on YourAccount. VISA Platinum Secured advances are limited to the amount in Yoursecured sub-share account, and will be self-replenishing as You make paymentson Your Account. VISA Platinum Secured Credit Limit increase requests will onlybe considered after a six-month period has passed since Your Account wasestablished and will only be granted in $100.00 increments.You will keep Your unpaid balance within Your Credit Limit set by Us, and You willpay any amount over Your Credit Limit on Our demand whether or not Weauthorize the advances or transactions which caused You to exceed Your CreditLimit. Even if Your unpaid balance is less than Your Credit Limit, You will have nocredit available during any time that any aspect of Your Account is in default.In this Agreement, the reference to "We," "Us," "Our," and "Credit Union" mean ALTAONE FEDERAL CREDIT UNION. The words "You" and "Your" mean each perso n accepting this Agreement. If this is a joint Account, read singular pronouns in the plural. The words "Card" and "Credit Card" mean any VISA Platinum, VISA Platinum Rewards, VISA Business Platinum Rewards and VISA Platinum Secured Credit Card issued to You by Us and any duplicates or renewals. "Convenience Checks "m e a n the special Account access devices that We may provide for Your use from time to time.You, as the Borrower, under a Credit Line Account ("Account"), understand that the following Federal Disclosure Statement and the terms and conditio ns found herein constitute Our Agreement with You. You may request advances on Your Account through a variety of means which could include (but may not be limited to) te lephonic requests, advance request forms, vouchers, checks, charge slips, Convenience Checks, debit cards, ATM cards, Credit Car ds, wire transfers, directtransfers and/or wire transfers to specific payees identified by You, direct transfers to Your share/share draft or other Credit Union account and the like. Regardless of t he means by which any advance is made, You promise to pay Us all amounts charged to Your Account by You or by any user who has access to Your Account, with actual, apparent or imp lied authority for use of Your Account, including Finance Charges and other fees or charges described herein.FEATURE CATEGORIES.Your Account has Feature Categories which may include Signature Line of Credit, VISA Platinum, VISA Platinum Rewards, VISA BusinessPlatinum Rewards and VISA Platinum Secured.
JOINT ACCOUNTS.Each Borrower will be responsible, jointly and severally, forthe repayment of amounts owed. If any Account access device, such as aPersonal Identification Number (PIN) is requested and approved, You understandthat any such Account access device(s) will be mailed only to the Borrower(s) atthe address that We have on file for You. We may refuse to follow any instructionswhich run counter to this provision.MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You need only pay the Minimum Monthly Payments, You understand that You have the rightto repay Your Account at any time without penalty. You may make larger paymentswithout penalty at any time. Any partial payment or prepayment of Your Accountmay not delay Your next scheduled payment. All payments to Us must be inlawful money of the United States. We may apply each payment to whicheverFeature Category We wish. Payments will be applied first to any Late Charges orFees owing, then to the Finance Charge due, then to the outstanding principalbalance. Any unpaid portion of the Finance Charge will be paid by subsequentpayments and will not be added to the principal. You understand that any delay inthe repayment of Your unpaid balance will increase Your Finance Charges andany acceleration in the payment of Your unpaid balance will decrease YourFinance Charges.You may, by separate Agreement, authorize Us to charge the Minimum MonthlyPayment or Payment in Full automatically to Your Share or Share Draft Account.Minimum Monthly Payments will be 3.00% of Your outstanding Account balance atthe end of each billing cycle, which payment amount will be rounded up to the nearest dollar, subject to the lesser of $25.00 or Your Account balance.Minimum Monthly Payment calculations are based on the total outstandingbalance of Your Account as of the end of the billing cycle, including accrued Finance Charges and other applicable charges. Any previous Minimum MonthlyPayments and/or other fees and charges that remain unpaid will be added to thisamount, and the total is Your Minimum M onthly Payment for that billing cycle. SKIP PAYMENT.If Your Account is in good standing, We may allow You to skipcertain payments each year. You will be notified in advance on Your PeriodicStatement when a Minimum Monthly Payment due is shown. You may continue tomake regular payments if You wish and You will reduce the amount of FinanceCharges that You will have to pay if You do so. You will not be charged a LateCharge for those payments skipped. However, Finance Charges will continue toaccrue as set forth in this Agreement. The Periodic Statement sent to Youimmediately following the Skip Payment period will indicate the Minimum MonthlyPayment due. At that time, Your Minimum Monthly Payments will return to theirregularly scheduled amounts and due dates as specified in this Agreement. Youmay opt out of this program by contacting Us.LATE CHARGE (EXCEPT VISA). If Your payment is more than 14 days late, You will be charged $25.00.OTHER FEES AND CHARGES. You will be charged a skip payment fee FINANCE CHARGE for each month that you skip a payment on Your Account. Theamount of such fee will be disclosed to you separately.FINANCE CHARGES (EXCEPT VISA). A Finance Charge will be assessed on any unpaid principal balance for each Feature Category of Your Account for theperiod such balance is outstanding. Balances change each time advances aremade, payments are made or credits given under any Feature Category. The
P a g e3o f6 Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved. OTBS 016 FRB_WEB ALTA (12/15)Rev. (12/15) Finance Charge begins to accrue on the date of each advance and there is nograce period.HOW TO DETERMINE THE FINANCE CHARGE (EXCEPT VISA). For all Feature Categories (except VISA), the Finance Charge is determined bymultiplying Your unpaid balance at the cl ose of each day in the billing cycle being accounted for by the applicable Daily Periodic Rate. The unpaid balance is thebalance each day after payments, credits, and unpaid Finance Charges to thatbalance have been subtracted and any new advances, insurance premiums orother charges have been added to Your unpaid balance. These daily FinanceCharges are then added together and the sum is the amount of the FinanceCharge owed for the Feature Category being accounted for. The total FinanceCharge You owe on Your Account for each billing cycle is the sum of all the Finance Charges due for all applicable Feature Categories.PERIODIC STATEMENTS.On a regular basis, You will receive a statementshowing all transactions on Your Account including amounts paid and borrowedsince Your last statement. If We have issued You a Credit Card, We will mail Youa statement each month in which there is a debit or credit balance or when aFinance Charge is imposed. We need not send You a statement if We feel YourAccount is uncollectible or if We have started collection proceedings againstYou because You defaulted. Each statement is deemed to be a correct statementof Account unless You establish a billing error pursuant to the FederalTruth-In-Lending Act.DEFAULT.You will be in default if: (a) You do not make any payment or performany obligation under this Agreement, or any other agreement that You may havewith Us; or (b) You should die, become involved in any insolvency, receivership orcustodial proceeding brought by or against You; or (c) You have made a false ormisleading statement in Your credit application and/or in Your representations toUs while You owe money on Your Account; or (d) A judgment or tax lien should befiled against You or any attachment or garnishment should be issued against anyof Your property or rights, specifically including anyone starting an action orproceeding to seize any of Your funds on deposit with Us; and/or (e) We should, ingood faith, believe Your ability to repay Your indebtedness hereunder is or soonwill be impaired, time being of the very essence.Upon any occurrence of default, We may, to the extent permitted by law, cancelYour rights under this Agreement, require the return of all access devices anddeclare the entire balance of Your Account immediately due and payable, withoutprior notice or demand.As required by law, You are hereby notified that a negative credit report reflectingon Your credit record may be submitted to a credit reporting agency if You fail tofulfill the terms of Your credit obligations.COLLECTION COSTS.To the extent permitted by law, You will reimburse Us forall of Our costs and expenses, including reasonable attorneys' fees incurred in thecourse of collecting any amounts owed under this Agreement or for the recoveryof any collateral.INTEGRATED DOCUMENTS.Any separate sheet of paper labeled "AdditionalDisclosure - Federal Truth-In-Lending Act" and/or "Credit Line Account AdvanceRequest and Security Agreement" which is delivered together with this Agreementor provided at a later time is an integrated part of this Agreement and Disclosure.ENFORCEMENT.We do not lose Our rights under this or any related agreementif We delay enforcing them. We can accept late payments, partial payments or anyother payment marked "paid in full" without losing any of Our rights under thisAgreement. If any provision of this or any related agreement is determined to beunenforceable or invalid, all other provisions remain in full force and effect.NOTIFICATION OF ADDRESS CHANGE. You will notify Us in writing promptly if You move or otherwise have a change of address.CHANGE IN TERMS.We may change the terms of this Agreement by mailing ordelivering to You written notice of the changes as prescribed by the FederalTruth-In-Lending Act. To the extent permitted by law, the right to change the termsof this Agreement includes, but is not limited to, the right to change the periodicrate applicable to Your unpaid balance and/or future advances.CREDIT INSURANCE.Credit insurance is not required for any extension of creditunder this Agreement. However, You may purchase any credit insuranceavailable through Us and have the premiums added to Your outstanding Accountbalance. If You elect to do so, You will be given the necessary disclosures anddocuments separately.CONSENT TO AGREEMENT.You acknowledge a receipt of a copy of this CreditLine Account Agreement and Disclosure. By signing the Application; by usingYour PINs or other Account access device; by using Your Account or byauthorizing another to use Your Account, You agree to and accept its terms.UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts to update information contained in Your original Account Application or otherfinancial information related to You, at Our request. You also agree that We may,from time to time, as We deem necessary, make inquiries pertaining to Youremployment, credit standing and financial responsibility in accordance withapplicable laws and regulations. You further agree that We may give informationabout the status and payment history of Your Account to consumer credit reportingagencies, an insurer, or a state or federal licensing agency having any apparentlegitimate business need for such information.
USE OF YOUR CARD.You may use Your Card to buy goods and services in anyplace that it is honored and to get cash advances from Us or another financialinstitution.You agree not to use Your Card for illegal transactions including, but notlimited to, advances made for the purpose of gambling and/or wagering wheresuch practices are in violation of applicable state and/or federal law.ISSUANCE OF PERSONAL IDENTIFICATION NUMBER. We will issue You, upon Your request, a Personal Identification Number (PIN) for use with Your Card.This PIN is confidential and should not be disclosed to anyone. You may use YourPIN and Your Card to access Your Account and all sums advanced on Your creditline will be added to Your Account balance. In the event a use of Your PINconstitutes an Electronic Fund Transfer, the terms and conditions of YourElectronic Fund Transfer Agreement may also affect Your rights.ACCOUNT RESTRICTIONS.For VISA Platinum Secured, We will place andmaintain a hold on funds in a sub-account of Your Share Account ("sub-shareaccount") in an amount equal to Your approved VISA Platinum Secured creditlimit. This hold (security interest) will remain in effect while Your VISA PlatinumSecured balance remains outstanding, subject to the terms of this agreement. Inorder to discontinue a VISA Platinum Secured Account, You must sign aShare Secured Voluntary Closure form available at any of Our offices. You mustalso state the status of any Card(s) issued to You and list any outstanding charges.All Share Secured Accounts will have the secured funds transferred immediately tooffset any principal balance owing followed by any fees or Finance Charges owedon the Credit Card. Accounts will be subject to a 15-day waiting period on anyremaining funds in the sub-share account. Following the waiting period, anyremaining funds will be transferred to the main share account and the sub-shareaccount will be flagged as closed. Any amount outstanding on Your account whichexceeds Your sub-share account balance must be immediately paid in full.UNAUTHORIZED USE.For individual Accounts, You may be liable for theunauthorized use of Your Card. You will not be liable for the unauthorized use thatoccurs after You notify Us of the loss, theft, or possible unauthorized use bycalling Us during business hours at the telephone number shown in thisAgreement. You may also notify Us of the loss, theft or possible unauthorized useby writing to Us at the address shown in this Agreement. In any case, Your liabilitywill not exceed $50.00.For business Accounts, if We have issued You less than 10 Cards for the use ofYour employees, You may be liable for the unauthorized use of Your Card. Youwill not be liable for the unauthorized use that occurs after You notify Us of theloss, theft, or possible unauthorized use by calling Us during business hours at thetelephone number shown in this Agreement. You may also notify Us of the loss,theft or possible unauthorized use by writing to Us at the address shown in thisAgreement. In any case, Your liability will not exceed $50.00.For Business Accounts in which We have issued 10 or more Cards for the use ofYour employees, You may be liable for the entire amount of unauthorized use.HOW TO DETERMINE THE FINANCE CHARGE. The Finance Charge is determined by multiplying Your separate unpaid principal balances for purchases,balance transfers and cashadvances at the close of each day of the billing cycle being accounted for by the applicable Daily Periodic Rate after payments, creditsand unpaid Finance Charges, Late Charges and Annual Cardholder Fees havebeen subtracted and new advances, insurance premiums or other charges havebeen added to Your unpaid balance. These daily Finance Charges are then addedtogether and the sum is the amount of Finance Charge owed fo r that billing cycle. If Your entire new balance is paid off within 25 days from the close of the billingcycle, there are no Finance Charges on the balance for purchases for the current billing cycle.Cash advances and balance transfers (including Convenience Checks andoverdraft protection advances) are always subject to a Finance Charge from thedate they are posted to Your Account and are not subject to the grace perioddescribed herein.Balance transfer transactions that occur during the period of _______________through ______________, will accrue finance charges at an introductory DailyPeriodic Rate of ___________% (corresponding to an ANNUAL PERCENTAGE RATEof __________%) until _____________. Upon the expiration of theintroductory rate period, the entire balance of balance transfers will be subject tothe non-introductory rate described elsewhere in this Agreement.OVERDRAFT PROTECTION.If You have an overdraft on Your share draftaccount with Us, We may advance funds from Your VISA Card Account in theamount necessary to clear such overdraft (or in such increments as We from timeto time determine), subject to this provision. Whether or not such transfer occurswill be controlled by this Agreement. Before we advance funds from Your VISAAccount to cover any overdraft, We will first attempt to clear Your share draft up tosix times per calendar month using available funds in your share draft account.Whether We pay any share draft drawn on Your share account will be governedSPECIFIC TERMS APPLICABLE TO YOUR VISA PLATINUM, VISA PLATINUM REWARDS, VISA BUSINESS PLATINUM REWARDS ANDVISA PLATINUM SECURED CREDIT CARDS
P a g e4o f6 Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved. OTBS 016 FRB_WEB ALTA (12/15)Rev. (12/15) TERMS APPLICABLE TO ALL FEATURE CATEGORIESOWNERSHIP.All Account access devices remain Our property and may becancelled by Us at any time without notice. You agree to surrender such Accountaccess devices and to discontinue their use immediately upon Our request.TERMINATION.Either You or We may cancel Your Account, at any time, whetheror not You are in default. You will, in any case, remain liable to pay any unpaidbalances according to the terms of Your Account.GOVERNING LAW.This Agreement is controlled and governed by the laws of theState of California except to the extent that such laws are inconsistent withcontrolling federal law.This notice tells You about Your rights and Our responsibilities under the FairCredit Billing Act.If You think there is an error on Your statement, write to Us at Our address shownin this Agreement. In Your letter, give us the following information:
You must contact Us:
You must notify Us of any potential errors in writing. You may call Us, but if You doWe are not required to investigate any potential errors and You may have to paythe amount in question.When We receive Your letter, We must do two things:1)2)While We investigate whether or not there has been an error:
After We finish Our investigation, one of two things will happen:
If You receive Our explanation but still believe Your bill is wrong, You mustwrite 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 arequestioning Your bill. We must tell You the name of anyone to whom wereported You as delinquent, and We must let those organizations know when thematter has been settled between Us. If We do not follow all of the rules above,You do not have to pay the first $50.00 of the amount You question even if Yourbill is correct.If You are dissatisfied with the goods or services that You have purchased withYour Credit Card, and You have tried in good faith to correct the problem with themerchant, You may have the right not to pay the remaining amount due on thepurchase. To use this right, all of the following must be true:Your
Billing Rights: Keep thisDocument forFuture Use
.....What ToDoIfYou Find AMistake OnYour Statement
Account information : Your name and Account number.Dollar
amount : The dollar amount of the suspected error.Description
ofproblem : If You think there is an error on Your bill, describewhat You believe is wrong and why You believe it is a mistake.
What
WillHappen After WeReceive Your Letter
We cannot try to collect the amount in question, or report You as delinquenton that amount.The charge in question may remain on Your statement, and We maycontinue to charge You interest on that amount.While You do not have to pay the amount in question, You are responsiblefor the remainder of Your balance.We can apply any unpaid amount against Your Credit Limit.Within 60 days after the error appeared on Your statement.At least 3 business days before an automated payment is scheduled, ifYou want to stop payment on the amount You think is wrong.
Within 30 days of receiving Your letter, We must tell You that We receivedexplain to You why We believe the bill is correct.Within 90 days of receiving Your letter, We must either correct the error orexplain to You why We believe the bill is correct.
.....IfWemade amistake : You will not have to pay the amount in question orany interest or other fees related to that amount.by the terms and conditions of the Agreements and Disclosures covering Yourshare draft account. Only if We are unable to clear Your overdraft using availablefunds may Your overdraft be cleared by an advance from Your VISA CardAccount. In any event, You hold Us harmless for any and all liability which mightotherwise arise if the transfer does not occur. Your overdraft protection under thisprovision automatically ceases if this Agreement is ever cancelled or terminated.FOREIGN TRANSACTIONS.For transactions initiated in foreign countries andforeign currencies, the exchange rate between the transaction currency and thebilling currency (U.S. dollars) will be: (a) a rate selected by VISA from the range ofrates available in wholesale currency markets for the applicable central processingdate, which rate may vary from the rate VISA itself receives; or (b) thegovernment-mandated rate in effect for the applicable central processing date.For transactions that are initiated in a foreign currency, You will be charged1.00% of the final settlement amount. For transactions occurring in foreigncountries and initiated in U.S. Dollars, You will be charged 0.80% of the finalsettlement amount.TRANSACTION SLIPS.Your monthly statement will identify the merchant,electronic terminal or financial institution at which transactions were made, butsales, cash advances, credit or other slips cannot be returned with the statement.CREDITS.If a merchant who honors Your Card gives You credit for returns oradjustments, they will do so by sending Us a credit slip which will be posted toYour Account. If Your credits and payments exceed what You owe Us, We willhold and apply this credit against future purchases and cash advances, or if it is$1.00 or more, refund it on Your written request or automatically deposit it to YourShare Account after 60 days.EFFECT OF AGREEMENT.Even though the sales, cash advance, credit or otherslips You may sign or receive when using the Card contains terms, this Agreementis the contract which solely applies to all transactions involving the Card.LATE CHARGE.If Your scheduled Minimum Monthly Payment is more than14 days late, You will be charged a fee. Except for VISA Business Platinum,the amount of such fee will equal the lesser of: (a) the amount of theminimum payment due; or (b) $25.00. For VISA Business Platinum, the fee willequal $25.00.ANNUAL CARDHOLDER FEE.You will be charged a non-refundable, annualCardholder fee of $30.00 for Your participation in the VISA Platinum Securedprogram. You will be charged this annual fee the first day of the month followingeach annual renewal date. You agree to pay such a fee whether or not You usethe Account at any time during the year. After the first year, You will receive anotice containing renewal instructions at least 30 days before We post the fee toYour Account. Payment of this fee does not guarantee that Your Account will notbe terminated.OVER-THE-CREDIT LIMIT FEE. If You have affirmatively consented to allow Us to pay a transaction that would exceed Your Credit Limit and We haveacknowledged Your consent as required by applicable law, subject to anylimitations imposed by applicable law, You will be charged a fee for each billingcycle during which You exceed Your Credit Limit by more than 10.00%. Except forVISA Business Platinum Rewards, the fee will be an amount equal to the lesser of:(a) $25.00; or (b) the amount by which You have exceeded Your Credit Limit. ForVISA Business Platinum Rewards, the fee will be an amount equal to $25.00 foreach day that You exceed Your Credit Limit by more than 10.00%.BALANCE TRANSFER FEE.You will be charged a fee for each such transfer.The fee is a FINANCE CHARGE and will be an amount equal to the greater of$5.00 or 3.00% of the amount of the advance.REFUSAL TO HONOR CONVENIENCE CHECKS OR VISA CREDIT CARD(S).We are not liable for the refusal or inability of merchants, financial institutions andothers to accept Convenience Checks or Credit Card(s), or electronic terminals tohonor Convenience Checks or Credit Card(s) or complete a Credit Cardwithdrawal, or for their retention of Convenience Checks or Credit Card(s).OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We may not accept Your Convenience Checks if: (1) by paying a Convenience Check,You would go over Your Credit Limit; (2) Your Convenience Check orpayment check is postdated; (3) Your Cards or Convenience Checks have beenreported lost or stolen; (4) Your Account has been cancelled or has expired. If apostdated Convenience Check is paid and as a result any other ConvenienceCheck is returned or not paid, We are not responsible for any resulting lossor liability.LOST OR STOLEN CARDS.To report a lost or stolen Card, Account Number,PIN or any combination thereof, You will call Us at (760) 371-7000 or (800)433-9727. You may call 24 hours a day seven days a week. To initiate a lost orstolen Card report, when you are outside of the United State, You can visit anyfinancial institution that offers VISA card services. You may also write Us atAltaOne Federal Credit Union, P.O. Box 1209, Ridgecrest, CA 93556.LOST OR STOLEN CONVENIENCE CHECKS. To report a lost or stolen Convenience Check, You will call Us during business hours at (760) 371-7000 or(800) 437-9727. You may also write Us at AltaOne Federal Credit Union, P.O. Box1209, Ridgecrest, CA 93556.Your
Rights IfYou AreDissatisfied With Your Credit Card PurchasesIfWedonotbelieve there was amistake : You will have to pay the amount in question, along with applicable interest and fees. We will send You astatement of the amount You owe and the date payment is due. We maythen report You as delinquent if You do not pay the amount We thinkYou owe..
P a g e5o f6 Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved. OTBS 016 FRB_WEB ALTA (12/15)Rev. (12/15) You must not yet have fully paid for the purchase.3)If all of the criteria above are met and You are still dissatisfied with the purchase,contact Us in writing at Our address shown in this Agreement.
While We investigate, the same rules apply to the disputed amount as discussedabove. After We finish Our investigation, We will tell You Our decision. At that point, ifWe think You owe an amount and You do not pay, We may report You as delinquent.The purchase must have been made in Your home state or within 100 miles ofYour current mailing address, and the purchase price must have been morethan $50.00. (Note: Neither of these are necessary if Your purchase wasbased on an advertisement We mailed to You, or if We own the company thatsold You the goods or services.)You must have used Your Credit Card for the purchase. Purchases made withcash advances from an ATM or with a check that accesses Your Credit Cardaccount do not qualify.1)2)
P a g e6o f6 Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved. OTBS 016 FRB_WEB ALTA (12/15)Rev. (12/15) APR For Balance Transfers
APR For Cash AdvancesAnnual Percentage Rate(APR) For PurchasesInterest Rate and Interest Charges
SEE PAGE 2 for more important information about Your AccountVISA Platinum:14.99% - 17.99% based on Your creditworthiness.VISA Platinum Rewards:
10.99%
VISA Platinum:0.00%introductory APR until December 31, 2016 (for transfers made byFebruary 29, 2016).VISA Platinum Secured:17.99%VISA Business Platinum Rewards: 10.99%
VISA Platinum:14.99% - 17.99%based on Your creditworthiness.VISA Platinum Rewards:10.99%.VISA Business Platinum Rewards:10.99%.VISA Platinum Secured:17.99%.After that, Your APR will be14.99% - 17.99%based on Your creditworthiness.After that, Your APR will be10.99%.VISA Platinum Rewards:0.00%Introductory APR until December 31, 2016 (for transfers madeby February 29, 2016).VISA Business Platinum Rewards:0.00%introductory APR until December 31, 2016 (fortransfers made by February 29, 2016).After that, Your APR will be10.99%.VISA Platinum Secured:0.00%Introductory APR until December 31, 2016 (for transfers madeby February 29, 2016).After that, Your APR will be17.99%.PRICING INFO RMATION ADDENDUMCREDIT CARD ACCOUNTAGREEMENT AND DISCLOSURE
THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR VISAPLATINUM, VISA PLATINUM REWARDS, VISA BUSINESS PLATINUM REWARDS ANDVISA PLATINUM SECURED CREDIT CARDS. PLEASE BE CERTAIN TO READ THISADDENDUM CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.701 South China Lake BoulevardP. O. Box 1209Ridgecrest, CA 93556-1209(760) 371-7000 or (800) 433-9727FAX (760) 371-7079Website: www.altaone.org
P a g e1o f2 Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved. OTBS 016 FRB_WEB ALTA (12/15)Rev. (12/15)Paying InterestFor VISA, We will not charge You interest on purchases if You pay Your entire balance owedeach month within 25 days of Your statement closing date. For all Feature Categories, Wewill begin charging interest on cash advances and balance transfers on the transaction date.Annual FeeFor VISA Platinum Secured,$30.00 Transaction Fees
..Balance TransferForeign Transaction3.00%of each transfer ($5.00minimum)1.00%of each U.S. Dollar transaction that occurs in a foreign country0.80%of each foreign currency transaction in U.S. dollarsFees P a g e2o f2 Copyright Oak Tree Business Systems, Inc., 2013-2015. All Rights Reserved. OTBS 016 FRB_WEB ALTA (12/15)Rev. (12/15)Fees(continued)Over-The-Credit LimitLate PaymentExcept VISA Business Platinum Rewards, up to$25.00 For VISA Business Platinum Rewards,$25.00per day Except VISA Business Platinum Rewards, up to$25.00 For VISA Business Platinum Rewards,$25.00 How We Will Calculate Your Balance:We use a method called "daily balance." See Your Account Agreement for details.Billing Rights:Information on your rights to dispute transactions and how to exercise those rights is provided in Your AccountAgreement.Penalty Fees
..
SEE PAGE 1 for more important information about Your Account
HOW TO DETERMINE THE FINANCE CHARGE. The Finance Charge is determined by multiplying Your separate unpaid principal balances for purchases, balance transfers and cash advances at the close of each day of the billingcycle being accounted for by the applicable Daily Periodic Rate after payments, cred its and unpaid Finance Charges, Late Charges and Annual Cardholder Fees have been subtracted and new advances, insurance premiums or other charges have been added t oY o u r unpaid balance. These daily Financ e Charges are then added together and the sum is the a mount of Finance Charge owed for that billing cycle. If Your entire new balance is paid off within 25 day s from the close of the billing cycle, there are no Finance Charges on t he balance for purchases for thecurrent billing cycle.Cash advances and balance transfers (including Convenience Checks and overdraft protection advances) are always subject to a Finance Charge from th ed a t et h e ya r e posted to Your Account and are not subject to the grace period described herein.For all Credit Union cardholders, Purchase transactions are subject to a Daily Periodic Rate as follows.Your Daily Periodic Rate for Purchase transactions for VISA Platinum is 0.041068% - 0.049288% (corresponding to an ANNUAL PERCENTAGE RATE of 14.99% - 17.99%), depending on Your creditworthiness.Your Daily Periodic Rate for Purchase transactions for VISA Platinum Rewards is 0.0301096% (corresponding to an ANNUAL PERCENTAGE RATEof 10.99%). Your Daily Periodic Rate for Purchase transactions for VISA Business Platinum Rewards is 0.0301096% (corresponding to an ANNUAL PERCENTAGE RATE of 10.99%).Your Daily Periodic Rate for Purchase transactions for VISA Platinum Secured is 0.049288% (corresponding to an ANNUAL PERCENTAGE RATEof 17.99%). For all cardholders, Balance Transfer transactions, made by February 29, 2016 are subject to an Introductory Daily Periodic Rate of 0.000000% (corre spondingANNUAL PERCENTAGE RATE0.00%) until December 31, 2016. Upon the expiration of the Introductory Rate period the Daily Periodic Rate applicable to Your entire balance ofBalance Transfers existing at that time and in the future will immediately increase to the non-introductory Daily Periodic Rate disclosed in this Agreement.Following the expiration of the Introductory Rate period Your Daily Periodic Rate for VISA Platinum will be 0.041068% - 0.049288% (corresponding to a nANNUAL PERCENTAGE RATEof 14.99% - 17.99%), depending on Your creditworthiness.Following the expiration of the Introductory Rate period Your Daily Periodic Rate for VISA Platinum Rewards will be 0.0301096% (corresponding to an ANNUAL PERCENTAGE RATEof 10.99%).Following the expiration of the Introductory Rate period Your Daily Periodic Rate for VISA Business Platinum Rewards will be 0.0301096% (correspond ing to anANNUAL PERCENTAGE RATEof 10.99%).Following the expiration of the Introductory Rate period Your Daily Periodic Rate for VISA Platinum Secured will be 0.049288% (corresponding to an ANNUAL PERCENTAGE RATEof 17.99%).For all Credit Union cardholders, Cash Advance transactions are subject to a Daily Periodic Rate as follows.Your Daily Periodic Rate for Cash Advance transactions for VISA Platinum is 0.041068% - 0.049288% (corresponding to an ANNUAL PERCENTAGE RATEof 14.99% - 17.99%), depending on Your creditworthiness.Your Daily Periodic Rate for Cash Advance transactions for VISA Platinum Rewards is 0.0301096% (corresponding to an ANNUAL PERCENTAGE RATEof 10.99%). Your Daily Periodic Rate for Cash Advance transactions for VISA Business Platinum Rewards is 0.0301096% (corresponding to an ANNUAL PERCENTAGE RATEof 10.99%).Your Daily Periodic Rate for Cash Advance transactions for VISA Platinum Secured is 0.049288% (corresponding to an ANNUAL PERCENTAGE RATEof 17.99%).