Student VISA Platinum 
Credit Card / VISA Debit 
Card Agreement 

Card and Credit Line. Good cause includes your failure to comply 
with  this  Agreement,  or  our  adverse  reevaluation  of  your 
creditworthiness. You may also terminate this Agreement at any 
time,  but  termination  by  either  of  us  does  not  affect  your 
obligation to pay all the amounts due plus FINANCE CHARGES. 
The  Card(s)  remain  our  property  and  you  must  recover  and 
surrender to us all Cards upon our request and upon termination 
of  this  Agreement,  or  pay  necessary  recovery  costs  incurred  by 
us. 

5.  Credit  Information.    Your  account  is  being  established 
without  credit  information  being  obtained.    We  will  not  report 
this  account  to  any  credit  reporting  agency  until  after  you  reach 
the age of 18 or unless you are currently age 18. 

6. Monthly Payment.  We will mail you a statement every month 
showing  your  Previous  Balance  of  purchases  and  cash  advances 
for  the  VISA  Credit  Card  and  or  withdrawals  for  VISA  Debit 
Card,  the  current  transactions  on  your  account,  the  remaining 
credit  available  under  your  Credit  Line,  the  New  Balances  of 
purchases Student VISA Platinum credit Card cash advances and 
VISA Debit withdrawals, the Total New Balance, the FINANCE 
CHARGE,  any  other  billed  fees,  and  the  Minimum  Payment 
required.  Your  statement  will  show  the  required  payment  you 
must make for that statement and the date it is due.  By separate 
agreement you may authorize us to charge the minimum payment 
automatically  to  your  Share  Savings  or  Checking  Account  with 
us.  You may pay more frequently, pay more than the Minimum 
Payment  or  pay  the  Total  New  Balance  in  full,  and  you  will 
reduce the FINANCE CHARGE by so doing. 

  a.  VISA  Credit  Card  Monthly  Payment.  Every  month  you 
must  pay  at  least  the  Minimum  Payment  upon  receipt  of  your 
statement. The Minimum Payment will be  either (a) 3% of your 
Total New Balance, or $25.00, whichever is greater; or (b) your 
Total New Balance, if it is less than $25.00, plus any portion of 
the  Minimum  Payment(s)  shown  on  prior  statement(s)  which 
remains  unpaid.    In  addition,  if  at  any  time  your  total  New 
Balance exceeds your Credit Line, you must immediately pay the 
excess  amount.    We  will  apply  your  payments  first  to  the 
FINANCE CHARGE on both purchases and cash advances, then 
to any billed fees, then to the principal balance of purchases and 
cash advances. 

b.  VISA  Debit  Card  Monthly  Payment.    The  Minimum 
Payment  will  be  either  (a)  3%  of  your  Total  New  Balance,  or 
$25.00, whichever is greater; or (b) your Total New Balance, if it 
is less than $25.00, plus any portion of the Minimum Payment(s) 
shown on prior statement(s) which remains unpaid.  In addition, 
at any time your total New Balance exceeds your Line of Credit, 
you must immediately pay the excess amount. We will apply your 
payments first to the FINANCE CHARGE on both purchases and 
withdrawals, then to any billed fees, then to the principal balance 
of purchases and withdrawals.  

This Agreement covers your Student VISA Platinum Credit 
Card and/or VISA Debit Card with Cyprus Federal Credit 
Union. In this Agreement the words you and your mean each and 
all of those who use or sign a Card. We, us and ours mean Cyprus 
Credit Union. Card means the Student VISA Platinum Credit 
Card and or VISA Debit Card and any duplicates and renewals 
we issue. Account means your Student VISA Platinum Credit 
Card Line of Credit and or VISA Debit Overdraft Line of Credit 
account with us. You agree that if you receive, sign, request, use 
or permit others to use or sign any of the Cards issued under this 
Agreement that you have accepted and agreed to all of the 
following terms, as amended from time to time. 
  You  agree  to  all  procedures  required  by  us  or  any  merchant 
which  honors  your  Card  as  well  as  all  terms  on  the  Card.  Any 
plural  term  used  in  this  Agreement  shall  be  deemed  singular  if 
context  and  construction  so  require.  Any  singular  term  used  in 
this Agreement shall be deemed plural if context and construction 
so require. 

1. Responsibility. If we issue you a Card, you agree to repay all 
amounts due and the FINANCE CHARGE arising from the use of 
the Card and the Card account.  You are responsible for charges 
made  by  using  this  Card.  You  are  also  responsible  for  charges 
made  by  anyone  else  to  whom  you  give  the  Card,  and  this 
responsibility  continues  until  the  Card  is  recovered.  You  cannot 
disclaim  responsibility  by  notifying  us,  but  we  will  close  the 
account  for  new  transactions  if  you  so  request  and  return  all 
Cards.  Your obligation to pay the account balance continues even 
though  an  agreement,  divorce  decree,  or  other  court  judgment 
may direct you or one of the other persons responsible to pay the 
account.    Any  person  using  the  Card  is  jointly  responsible  with 
you for charges he or she makes and any fees, but if that person 
signs the Card, he or she becomes a party to this Agreement and 
is  also  jointly  responsible  for  all  charges  on  the  account, 
including yours. 

2. Lost Card Notification.  If you believe the Card has been lost 
or  stolen,  IMMEDIATELY  CALL  THE  CREDIT  UNION  at: 
801-260-7600,  1-800-929-7787  during  regular  business  hours  or 
1-800-682-6075 after hours. If your PIN has been compromised, 
call #1-800-754-4128. A fee may be assessed for replacement of 
each lost Card.  Refer to the fee schedule.   

3.  Your  Liability  for  Unauthorized  Use.    If  you  believe  your 
Card  or  your  PIN  has  been  lost  or  stolen  or  that  someone  has 
transferred  or  may  transfer  money  from  your  account(s)  without 
your permission, tell us AT ONCE.  Telephoning is the best way 
of keeping your potential losses down.   

4.  Credit  Line.    We  have  established  a  self-replenishing  VISA 
Credit Card Line of Credit and or VISA Debit Line of Credit for 
you and have notified you of its amount when we issued the Card 
or  on  your  statement.  You  agree  not  to  let  the  account  balance 
exceed this approved Credit Line. Each payment you make on the 
account  will  restore  your  Credit  Line  by  the  amount  of  the 
payment  which  is  applied  to  principal.  You  may  request  an 
increase in your Credit Line by contacting us, and approval by a 
loan  officer.  By  giving  you  written  notice  we  may  reduce  your 
Credit Line from time to time, or with good cause, revoke your  

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7. Finance Charges.   
     a. VISA Credit Card.  You can avoid FINANCE CHARGES 
on purchases by paying the statement balance in full each month 
within 25 days of the statement closing date.  If you pay part of 
the purchases included in the statement balance within 25 days of 
the statement closing date, FINANCE CHARGES will not apply 
to the amount paid. However, cash advance fees may still apply.  
If  the  payment  due  date  falls  on  a  non-business  day,  payment 
must be received by the last business day prior to the due date. 
     You may be subject to a fixed rate or variable rate of interest.  
The  applicable  rate  will  be  disclosed  to  you  on  your  Disclosure 
Statement  and  monthly  statements.    Interest  is  calculated  by 
multiplying  the  applicable  daily  interest  rate  times  the  average 
daily balance of purchases and cash advances.  The daily interest 
rate  is  calculated  by  dividing  the  applicable  rate  by  365.    The 
principal balances of purchases and cash advances are determined 
each date during the statement period beginning with the principal 
portion  of  your  Previous  Balances,  reduced  by  payments  you 
make and credits we apply, and increased by purchases and cash 
advances  you  make  and  debit  adjustments  we  make  during  the 
statement  period.    The  daily  principal  balances  are  totaled  and 
divided  by  the  number  of  days  in  the  statement  period.    This 
produces separate average daily principal balances for purchases 
and cash advances to which the daily periodic rate is applied.  The 
variable rate is the Wall Street Journal Prime Rate published on 
the last day of the month plus a margin.  The margin for the VISA 
Platinum and VISA Platinum Plus is based on your credit risk and 
will  be  disclosed  to  you  on  your  Disclosure  Statement.    The 
maximum  variable  ANNUAL  PERCENTAGE  RATE  is  the 
highest legal rate.  The maximum increase or decrease your rate 
can change per calendar year is 3.0%. 

interest 

is  calculated  by 
  b.  VISA  Debit  Card.  Your 
multiplying  the  applicable  daily  rate  times  the  average  daily 
balance of purchases and withdrawals.  The fixed rate is 12.90%. 
The daily rate is calculated by dividing the applicable rate by 365.  
The  principal  balances  of  purchases  and  withdrawals  are 
determined each day during the statement period, beginning with 
the  principal  portion  of  your  Previous  Balances,  reduced  by 
payments  you  make  and  debit  adjustments  we  make  during  the 
statement period.  

8.  Default.    You  will  be  in  default  if  you  fail  to  make  any 
Minimum Payment within 10 days after your statement due date.  
You will also be in default if your ability to repay us is materially 
reduced,  you  are  a  debtor  in  a  bankruptcy  or  insolvency 
proceedings, you pass away, you fail to abide by this Agreement 
or  if  the  value  of  our  security  interest  materially  declines.    We 
have the right to demand immediate payment of your full account 
balance if you default.  To the extent permitted by law, you will 
also  be  required  to  pay  our  collection  expenses,  including  court 
costs and reasonable attorneys’ fees. 

9. Using the Card.  To make a purchase or cash advance, there 
are  several  methods  for  use  of  the  Card.    You  may  present  the 
Card to a participating VISA plan merchant, to us, or to another 
financial  institution.  You  may  complete  the  transaction by  using 
your  Personal  Identification  Number  (PIN)  in  conjunction  with 
the  Card  in  an  Automated  Teller  Machine  or  other  type  of 
electronic terminal that provides access to the VISA system. You 
may provide your VISA Card information to merchants either by 
phone  or  by  mail.  The  monthly  statement  will  identify  the 
merchant,  electronic  terminal,  or  financial  institution  at  which 
transactions  were  made,  but  sales,  cash  advance,  credit  or  other 
slips  cannot  be  returned  with  the  statement.  The  Credit  Union 

may make a reasonable charge for photo copies of documents you 
request. 

10. Returns and Adjustments. 
  a.  VISA  Credit  Card.    Merchants  and  others  who  honor  the 
Card may give credit for returns or adjustments, and they will do 
so by sending us a credit slip which we will post to your account.  
If  your  credits  and  payments  exceed  what  you  owe  us,  we  will 
hold  and  apply  this  credit  balance  against  future  purchases  and 
cash  advances,  or  if  it  is  $1.00  or  more,  refund  it  upon  your 
written request. 
  b.  VISA  Debit  Card.    Merchants  and  others  who  honor  the 
Card may give credit for returns or adjustments, and they will do 
so  by  sending  us  a  credit  slip  which  we  will  post  to  your 
Checking Account. 

11. Foreign Transactions.  Purchases and cash advances made in 
foreign  countries  and  foreign  currencies  will  be  billed  to  you  in 
U.S.  Dollars.    The  conversion  rate  will  be  made  in  accordance 
with  the  operating  regulations  for  international  transactions 
established  by  VISA  International,  Inc.    VISA  has  the  right  to 
assess a Foreign Conversion Fee.  This fee could be up to 1.5% of 
the transaction amount 

12.  Plan  Merchant  Disputes.    We  are  not  responsible  for  the 
refusal of any plan merchant or financial institution to honor your 
Card.    We  are  subject  to  claims  and  defenses  (other  than  tort 
claims)  arising  out  of  goods  and  services  you  purchase  with  the 
Card only if you have made a good faith attempt, but have been 
unable to obtain satisfaction from the plan merchant, and: (a) your 
purchase  was  made  in  response  to  an  advertisement  we  sent  or 
participated in sending you; or (b) your purchase cost more than 
$50.00  and  was  made  from  a  plan  merchant  in  your  state  or 
within  100  miles  of  your  home.    Any  other  disputes  you  must 
resolve directly with the plan merchant. 

13. Cross Collateral Agreement.  You hereby pledge as security 
for the VISA Line of Credit, any collateral that you have pledged 
as security on any other existing loan or advance at the credit 
union or which you will pledge as security in the future.  
Understand that this is referred to as a cross collateral agreement, 
and that you knowingly and voluntarily grant the credit union the 
foregoing described security interests. 

14.    Lien  and  Right  to  Setoff.   You hereby  grant us  a  lien  and 
right  to  setoff  on  all  shares  and  accumulated  dividends  in  any 
individual,  joint,  multiple  party,  or  transaction  accounts.    The 
Credit Union shall have a statutory lien and right of setoff in all 
shares and accumulated dividends in all individual, joint, multiple 
party,  or  transaction  accounts  in  which  any  of  you  has  any 
interest. We may exercise our lien rights without notice.  The lien 
hereby  created  shall  be  a  lien  on  the  future  amount  in  any 
accounts and is a possessor lien.   

15. Effect of Agreement.  This Agreement is the contract which 
applies to all transactions on your account even though the sales, 
cash  advance,  credit  or  other  slips  you  sign  or  receive  may 
contain  different  terms.    We  may  amend  this  Agreement  from 
time  to  time  by  sending  you  the  advance  written  notice  as 
required by law.  To the extent the law permits, and we indicate in 
our  notice,  amendments  will  apply  to  your  existing  account 
balance as well as to future transactions. 

16.  Annual  Fee.    No  annual  fees  are  charged  for  Student 
Platinum VISA Credit Cards or Debit Cards. 

 
 
 
 
 
 
 
 
 
 
 
 
 
satisfy you and you write to us within ten 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 $50.00 
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 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 than $50.00. 
     These  limitations  do  not  apply  if  we  own  or  operate  the 
merchant, or if we mailed you the advertisement for the property 
or services. 

23.   Copy received.  You acknowledge receipt of a copy of this 
Agreement.  

24. Shares Secured. If this is a share secured VISA account, all 
amounts in any accounts at the Credit Union are pledged and 
assigned as security for any amounts owed. A specific amount 
may be held as security and cannot be withdrawn. In the event of 
default, the Credit Union may apply any amounts in any accounts 
you are associated with, without notice or legal process to the 
entire unpaid account balance, costs, fees and other amounts due. 

17.  Over  Limit  Charge/Overdrawn  Charge  and  Inactive 
Account  Fee.    An  over  the  limit  fee  of  $20.00  will  be  assessed 
against  your  account  on  any  purchase  or  cash  advance  that 
exceeds your credit limit. An inactive account fee of $30.00 will 
be assessed annually in December. Your account is inactive if no 
purchases, cash advances, balance transfers or payments are made 
for a period of 12 months. 

18.  Late  Charge.    A  late  charge  of  $20.00  shall  be  charged  on 
any payment or partial payment not made within 10 days after its 
due date. 

19. Final Expression.  This Agreement is the final expression of 
the terms of this Card and Account between Cyprus Credit Union 
and  the  member(s)/borrower(s)/  user(s);  this  written  Agreement 
may  not  be  contradicted  by  evidence  of  any  alleged  oral 
agreement 

20.  Illegal  Transaction.  Cards  cannot  be  used  for  online 
gambling or any other illegal activity.  The Card issuer cannot be 
held liable for these transactions. 

21.  Your Billing Rights. 
  The  following  is  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  than  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  error  and  explain,  if  you  can,  why  you  believe 
there is an error.  
  If  you  need  more  information,  describe  the  item  you  are  not 
sure about. 
  If  you  have  authorized  us  to  pay  your  credit  card  bill 
automatically  from  your  share  savings  or  checking  account,  you 
can stop the payment on any amount you think is wrong.  To stop 
the payment your letter must reach us three business days before 
the automatic payment is scheduled to occur. 

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 an 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