Interest Rates and Interest Charges 

Visa Gold Account 

Annual Percentage Rate (APR) for 
Purchases 

12.84% 
This APR is effective January 1, 2014 through December 31, 2014 

APR for Balance Transfers 

APR for Cash Advances 

12.84% 
This APR is effective January 1, 2014 through December 31, 2014 

12.84% 
This APR is effective January 1, 2014 through December 31, 2014 

Penalty APR and When it Applies 

Not applicable 

Paying Interest 

Your due date is at least 25 days after the close of each billing cycle.  We will 
not charge you 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 

There is no minimum 

For Credit Card Tips from the 
Consumer Financial Protection 
Bureau 
nterest Rates Charges 
Fees 

Annual Fee 

Transaction Fees 

•  Balance Transfer 

•  Cash Advance 

•  Foreign Transaction 

Penalty Fees 

•  Late Payment 

•  Over-the-Credit Limit 

•  Returned Payment 

To learn more about factors to consider when applying for or using a credit 
card, visit the website of the Consumer Finance Protection Bureau at 
http://consumerfinance.gov/learnmore  

None 

None 

None 

None 

$20.00 

None 

$15.00 (from self) / $5.00 (from other) 

Other Fees 

None 

How We Will Calculate Your Balance:  We use a method called “average daily balance 
(including new purchases)”.  See your account agreement for more details. 
Billing Rights: Information on your rights to dispute transactions and how to exercise those 
rights is provided in your account agreement. 

Georgia United Credit Union • 6705 Sugarloaf Parkway • Duluth, GA 30097 • 888-493-4328 • www.georgiaunitedcu.org 

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ISSUED BY:  *GEORGIA UNITED CREDIT UNION  

DISCLOSURES REQUIRED BY FEDERAL LAW 

1. 

FINANCE CHARGES 

a) 

Calculation Methods – Cash Advance: A   Credit Purchases: G  

(See Periodic Finance Charge calculation method for calculation method descriptions)  

b) 

Periodic Rates used to compute FINANCE CHARGES - Cash Advances: 1.070% per month 

Credit Purchases: 1.070% per month 

Corresponding ANNUAL PERCENTAGE RATES – 

Cash Advance: 12.84% 

Credit Purchases: 12.84%   

c) 

For Cash Advances obtained at an Automated Teller Machine (ATM) 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. 

MINIMUM PAYMENT: 

a) 

The minimum payment required is the New Balance shown on your statement if the amount is 

equal to or less than $20.00 

b) 

If the New Balance exceeds $20.00 the minimum payment is 3.00% 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 union limit, plus any amount 

past due. 

3. 

4. 

5. 

LATE CHARGES: If the minimum required payment is not received within 10 days after the Closing 

Date subsequent to the payment Due Date, a late charge of $20.00 is imposed. 

Documentary stamp taxes as may be required by law shall be imposed on each Cash Advance at the time 

the loan is made. 

If you have other loans or credit extensions from Issuer, or take out other loans or credit extensions with 

Issuer in the future, collateral securing those loans or credit extensions will also secure your obligations 

under this agreement. However, unless you expressly agree otherwise, your dwelling will not secure your 

obligations under this agreement even if Issuer has, or later acquires, a security interest in the 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 to Issuer 

arising from the use of your Card, those funds may not be withdrawn until Issuer agrees to release all or 

part of the pledged funds.  

Georgia United Credit Union • 6705 Sugarloaf Parkway • Duluth, GA 30097 • 888-493-4328 • www.georgiaunitedcu.org 

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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 on the 

Disclosure on the reverse side and explained below.  

Method A – Average Daily Balance (including current transactions). 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 G – Average Daily Balance (including current transactions). To avoid incurring an additional Finance 

Charge on the balance of purchases reflected on your monthly statement and, on any new purchases appearing on 

your next 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, 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 

This 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. 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.  

Georgia United Credit Union • 6705 Sugarloaf Parkway • Duluth, GA 30097 • 888-493-4328 • www.georgiaunitedcu.org 

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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 

Cardholder’s family, or otherwise issued upon Cardholder’s request (all such Cards bearing the VISA 

account number hereinafter collectively called “Related Cards”). 

C. 

Each Card is the property of 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 

without prior notice.  

D. 

Cardholder shall not use the Card or permit the use of Related Cards 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.  

E. 

All Credit Purchases and Loans are affected 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 with Issuer.  

F. 

Issuer will send to Cardholder, at monthly intervals determined by Issuer, a statement reflecting for the 

prior monthly period all VISA 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 2.  

G. 

Interest on Loans will be charged in accordance with the finance charge calculation method referred to in 

Section 1 of the disclosures on the reverse side. The current interest rate per annum is the Annual 

Percentage Rate set forth in Section 1 of the Disclosures.  

H. 

If the card is canceled or surrender is demanded by Issuer, or if Cardholder defaults 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 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 collecting 

Cardholder’s indebtedness or in enforcing this agreement, including reasonable attorney’s fees and also 

Georgia United Credit Union • 6705 Sugarloaf Parkway • Duluth, GA 30097 • 888-493-4328 • www.georgiaunitedcu.org 

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I. 

J. 

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. 

This agreement may be amended from time to time by Issuer by written notice mailed to Cardholder’s last 

known address.  

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. 

K. 

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, if such charges are not prohibited by law or regulation. No 

Finance Charge will be assessed on such additional charges.  

L. 

Cardholder may be liable for the unauthorized use of the Card or Related Cards as provided in this 

paragraph. The Cardholder will not be liable for any unauthorized use that occurs after the Issuer is 

notified, orally or in writing at: 

VISA Department 

Telephone Number 

6705 Sugarloaf Parkway 

(888) 493-4328 

Duluth, GA 30097 

If Cardholder has a consumer account or a business account for which cards have been issued, Cardholder’s 

liability for any unauthorized use of a card will not exceed $50.00. If cards are issued to employees of a 

single business or other organization, there is no limit to Cardholder’s liability for any unauthorized use 

that occurs before Cardholder notifies Issuer as provided herein: the business or organization may only 

impose liability on its employees for unauthorized use of a card as authorized by federal law and 

regulation.  

M. 

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

communication with Cardholder.  

N. 

Payments must be made to Issuer in U. S. dollars drawn on a U. S. Financial Institution. If Cardholder 

incurs charges in any other currency, the charges will be converted into U. S. dollars. The conversion may 

occur after the transaction date and the conversion rate may differ from the rate of exchange in effect at the 

time of the transaction. Cardholder agrees to pay the converted amount to Issuer in U. S. dollars, plus any 

charge for conversion or processing that may be imposed.  

O.  

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. 

Georgia United Credit Union • 6705 Sugarloaf Parkway • Duluth, GA 30097 • 888-493-4328 • www.georgiaunitedcu.org 

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P.  

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 bureau reports and/or otherwise verify Cardholder’s current credit standing.  

Q.  

Cardholder agrees that Issuer may 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.  

R.  

Cardholder agrees that Cardholder’s account shall be subject to all applicable rules and regulations of VISA 

U.S.A. Inc., as applicable, as well as 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. Your VISA card may not be used for any illegal transaction(s). 

YOUR BILLING RIGHTS 

KEEP THIS NOTICE FOR FUTURE USE 

This notice contains important information about your rights and our responsibilities under the Fair Credit Billing 

Act.  

Notify Us in Case of Errors or Questions About Your Bill 

If you think your bill is wrong, or if you need more information about a transaction on your bill, write us on a 

separate sheet at the address listed on your bill. Write to us as soon as possible. We must hear from you no later that 

60 days after we sent you the first bill on which the error or problem appeared. You can telephone us, but doing so 

will not preserve your rights.  

In your letter, give us the following information: 

• 

• 

Your name and account number. 

The dollar amount of the suspected error.  

• 
describe the item you are not sure about.  

Describe the error and explain, if you can, why you believe there is an error. If you need more information, 

If you have authorized us to pay your credit card bill automatically from your savings of checking account, you can 

stop the payment on any amount you think is wrong. To stop the payment your letter must reach us 3 business days 

before the automatic payment is scheduled to occur.  

Georgia United Credit Union • 6705 Sugarloaf Parkway • Duluth, GA 30097 • 888-493-4328 • www.georgiaunitedcu.org 

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Your Rights and Our Responsibilities After We Receive Your Written Notice 

We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 days, we 

must either correct the error or explain why we believe the bill was correct.  

After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can 

continue to bill you for the amount you question, including finance charges, and we can apply any unpaid amount 

against your credit limit. You do not have to pay any questioned amount while we are investigating, but you are still 

obligated to pay the parts of your bill that are not in question. 

If we find that we made a mistake on your bill, you will not have to pay any finance charges related to any 

questioned amount. If we didn’t make a mistake, you may have to pay finance charges, and you will have to make 

up any missed payments on the questioned amount. In either case, we will send you a statement of the amount you 

owe and the date that it is due.  

If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation 

does not satisfy you and you write to us within 10 days telling us that you still refuse to pay, we must tell anyone we 

report you to that you have a question about your bill. And, we must tell you the name of anyone we reported you to. 

We must tell anyone we report you to that the matter has been settled between us when it finally is.  

If we don’t follow these rules, we can’t collect the first $50 of the questioned amount, even if your bill was correct. 

SPECIAL RULE FOR CREDIT CARD PURCHASES 

If you have a problem with the quality of property or services that you purchased with a credit card, and you have 

tried in good faith to correct the problem with the problem with the merchant, you may have the right not to pay the 

remaining amount due on the property or services. There are two limitations on this right: 

(a) 

You must have made the purchase in your home state or, if not within your home state, within 100 miles of 

your current mailing address; and  

(b) 

The purchase price must have been more that $50. 

These limitations do not apply if we own or operate the merchant, or if we mailed you the advertisement for the 

property or services.  

Georgia United Credit Union • 6705 Sugarloaf Parkway • Duluth, GA 30097 • 888-493-4328 • www.georgiaunitedcu.org 

    200-209 

Rev: 01/14