Pricing Information and Cardholder Agreement
                 PenFed Promise Visa �                  Pricing
           APR for Purchases                Prime plus 7.74% - 14.74%*
           APR for Cash Advances            Prime plus 7.74% - 14.74%*
           APR for Balance Transfers        Prime plus 7.74% - 14.74%*
           Penalty APR                      None
           Annual Fee                       None
           Minimum Interest Charge          None
           Foreign Transaction Fee          None
           Grace Period                     At least 25 days
                                            Average daily balance, including new 
           Balance Computation Method 
                                            purchases 
           Cash Advance Fee                 None
           Late Payment Fee
           If your balance is less than $1,000: None
           If your balance is $1,000 - $2,000: None
           If your balance is greater than $2,000: None
           Over-the-Limit Fee               None
           Balance Transfer Fee             None
           Returned Balance Fee             None
           Required Fees - Other            None
          * Rates are based on your creditworthiness, which includes an evaluation of your credit 
            history and the length of your PenFed membership. Your actual APR will be disclosed 
            at the time of credit approval. Not all applicants will qualify for the lowest rate.
                               Form 1272-PL RAP (12/19) � Pentagon Federal Credit Union, 2019
    CARDHOLDER AGREEMENT
    DEFINITIONS. The �Card� means the Pentagon  upon our request, to furnish us with information  grace period. To avoid ?nance charges on new 
    Federal Credit Union (PenFed) credit card  concerning you relevant to the review and  purchases after you transfer a balance, you must 
    which we issue to you under this Agreement,  evaluation of this Account. You understand and  pay all balances on your Account including any 
    and includes any device or check used to obtain  agree that we may terminate your Account upon  balances that you transfer in full by the due date.
    credit or cash from the Account. Unless otherwise  reevaluation of your creditworthiness. 6. PAYMENTS. A payment delivered by regular 
    stated, �Account� means your Card Account with  5. FINANCE CHARGES WILL BE IMPOSED  U.S. mail must be sent to the address indicated on 
    us. An Authorized User is an individual receiving  IN THE FOLLOWING MANNER AND WILL  your periodic statement. Your payment by mail 
    a Card, but who has no responsibility for payment  BE IN AMOUNTS NOT IN EXCESS OF THOSE  must be a check or money order in U.S. dollars 
    of the Account. The words �you�, �your� and  PERMITTED BY LAW: with your account number on the check or money 
    �cardholder� mean each person, jointly and           order and drawn on a U.S. ?nancial institution, 
    individually who holds, signs, retains, uses, or  A. PURCHASES: (1) No ?nance charge will be 
                                                         and be accompanied by the payment voucher 
    permits others to use or sign a Card. The words  imposed during the next billing cycle (de?ned as 
                               the time interval between regular monthly billing  from your statement. Write your account number 
    �our�, �we� and �us� mean PenFed or any of its       on your check or money order. All such payments 
    assignees.                 statement dates) if you pay the entire new balance 
                               shown on the current periodic statement and we  will be posted to your Account as of the date we 
    1. AGREEMENT. We agree to extend credit to you  receive your payment on or before the payment  receive them provided we receive them before 
    and advance amounts up to your credit limit, but  due date shown on the statement. (2) In all other  5:00 p.m. at the address indicated on your 
    transaction limits may apply. Your credit limit is  cases, a ?nance charge will be imposed based  periodic statement. Payments received at other 
    not increased by any credit balance you may have  on the average daily balance of all purchases  locations or not conforming to these procedures 
    on your Account. You agree to sign the back of  and debit adjustments, hereafter referred to as  may be delayed in posting, but not more than 5 
    the Card as soon as you receive it. You agree to  purchases. The average daily balance is the sum  business days from the date of receipt.
    pay us for credit extended for the use of the Card  of all outstanding purchases, which is determined  PenFed, in its sole discretion, may accept a 
    by you or any other cardholder, along with all  by including new purchases and deducting  check for payment on your Account even 
    applicable ?nance charges, fees and insurance, if  payments or credits and excluding any unpaid  though payment was made before the date 
    any apply. By signing, using or permitting others  ?nance charge for your Account on each day of  of the check or a check which has a date more 
    to use the Card, you agree to the terms and  the billing cycle divided by the number of days  than 6 months old. For the ?rst six months all 
    conditions contained in this Agreement, on the  in the billing cycle. A purchase appearing on the  payments received from PenFed members who 
    Card, on any charge slip resulting from authorized  periodic statement is considered a part of the  have held membership for six months or less 
    use of the Card, on any authorized cash advance  outstanding balance from the date of posting. (3)  will be credited to your Account as of the date 
    slip, and to accept responsibility for all actions  The amount of the ?nance charge is calculated  we receive them, but credit in the amount of 
    taken with the Card.       by multiplying the average daily balance for  the payment will not be available to you for 10 
    2. CREDIT LIMIT. You agree to use the Card within  purchases by the monthly periodic rate. The  calendar days. Payments made electronically 
    the credit limit we authorize. You also agree that  monthly periodic rate is the yearly interest rate  through our automated telephone service, 
    we can change your credit limit at any time. We  divided by 12. member service representatives, or our website 
    are not obligated to accept charges that would       will be subject to any processing times disclosed 
                               B. CASH ADVANCES. (1) There is no grace period 
    cause you to exceed your authorized credit limit     with those payments.
                               on cash advances. Finance charges accrue on all 
    but we may do so in our sole discretion. Any         Your minimum payment due is the greater of 
                               cash advance amounts from the date charged 
    extension of credit to you, made or honored by       $15 or 2% of the new balance plus the past due 
                               to your Account and continue so long as such 
    us, shall be at such times and in such amounts       amount, if any, and/or all amounts in excess of 
                               amounts remain outstanding. (2) A ?nance charge 
    and for such purposes as to conform to this          the authorized credit line/limit shown on the 
                               will be imposed on the average daily balance 
    Agreement, and only when there is no default.        periodic statement. If the new balance does not 
                               of cash advances, which is the sum of the cash  exceed $15, only the new balance total is due 
    3. CHANGE IN TERMS. You agree that the terms of  advances outstanding each day during the billing  and is shown as the minimum payment due. All 
    this Agreement are applicable to any cardholder.  cycle, divided by the number of days in the billing  past due or over limit amounts are due and must 
    You also agree that we can change the terms of  cycle. The sum of cash advances is determined by  be fully paid immediately upon noti?cation. You 
    this Agreement at any time by adding, deleting,  including new cash advances and deducting any  may, however, pay the total amount due, which 
    or modifying any provision of the Agreement.  payments or credits and excluding any unpaid  is shown as the new balance, or you may pay any 
    We will give you notice of any such changes, if  ?nance charge. A cash advance appearing on the  additional amount you wish over the minimum 
    required by law.           periodic statement is considered a part of the  payment due.
    Termination of the Account by you or PenFed  outstanding balance from the date of posting.  If your payment is not honored or we must return 
    will not a?ect your obligation to pay the Account  (3) The amount of ?nance charge is calculated  it to you because it could not be processed, 
    balance plus any ?nance charge and other  by multiplying the average daily balance for  a charge may be made to your Account in the 
    charges you owe under this Agreement. You are  cash advances by the monthly periodic rate. The  amount indicated for �returned payment� on 
    responsible for all transactions made to your  monthly periodic rate is the yearly interest rate  PenFed�s current Schedule of Service Fees 
    Account after termination, unless the transactions  divided by 12. brochure. In addition, for the 6 months following 
    were unauthorized. Should you choose to cancel  C. BALANCE TRANSFERS. (1) There is no grace  any such dishonored payment, any payments you 
    your Account, the terms in e?ect at the time  period on balance transfers. Finance charges  make will be credited to your Account as of the 
    that you cancel the Account will apply until the  accrue on all regular or promotional balance  date we receive them, but credit in the amount 
    outstanding balance of the Account is paid in  transfer amounts from the date posted to your  of the payment will not be available to you for 10 
    full, unless you are in default. Your Card will no  Account and continue so long as such amounts  calendar days.
    longer be available for use for new transactions,  remain outstanding. (2) A ?nance charge will  You understand and agree that the minimum 
    including purchases, as the Account will be  be imposed on the average daily balance of  monthly payment will be applied ?rst to the card 
    closed (if it is not already closed.) Any rewards  balance transfers, which is the sum of the balance  balance with the lowest APR in the following 
    you have earned, if applicable, will be forfeited  transfers outstanding each day during the billing  order: ?nance charges, credit life fees (if any), 
    unless they are redeemed before the Account is  cycle, divided by the number of days in the billing  cash advance balances, and purchase balances. 
    closed. If you do not notify us of your decision  cycle. The sum of balance transfers is determined  You understand and agree that payments in 
    to terminate the Account by the date stated in  by including new balance transfers and deducting  excess of the minimum monthly payment will 
    any notice we provide, or if you notify us but  any payments or credit and excluding any unpaid  be applied ?rst to the card balance bearing the 
    then use the Account after the date stated in the  ?nance charge. A balance transfer appearing  highest rate of interest, then to each successive 
    notice, you will be deemed to accept all changes  on the periodic statement is considered a part  balance bearing the next highest rate of interest 
    to the Account�s terms and conditions of this  of the outstanding balance from the date of  until the payment is exhausted.
    Agreement.                 posting. (3) The amount of ?nance charge is 
    If you are in default because your payment has       7. DEFAULT. You will be in default if you fail 
                               calculated by multiplying the average daily 
    not been received within 60 days of the due date,    to make any payment by the Payment Due 
                               balance for each balance transfer by its monthly 
    you do not have the right to reject the changes      Date shown on your Account statement, if you 
                               periodic rate. The monthly periodic rate is the 
    we make to this Agreement or the Account�s           become insolvent or ?le bankruptcy, if you 
                               yearly interest rate divided by 12. If you transfer 
    terms and conditions.                                become incompetent or die, if a judgment or 
                               a balance from another ?nancial institution to us,  garnishment should be issued against any of 
    4. FINANCIAL CONDITION CHANGE. You agree  you will immediately incur ?nance charges at the  your property including any of your Accounts 
    to advise us of any change in your ?nancial  regular or promotional APR available at the time  with us, if we in good faith consider our or your 
    condition that may a?ect your creditworthiness  of the balance transfer and on purchases at the  obligations or your ability to repay or perform 
    and to provide us with a current loan application  purchase APR. For instance if you transfer $1,000  your obligations with us unsafe or insecure, if 
    whenever we request one. You expressly  at a promotional rate of 0% APR and then make  this Account or any other account at PenFed 
    authorize any person, partnership, association,  a purchase of $200, you will immediately accrue  is maintained by you in a manner that PenFed, 
    ?rm, corporation or consumer reporting agency,  ?nance charges at the purchase rate, forgoing the  in its sole discretion, deems contrary to sound 
    ?nancial practice, or if you fail to live up to any  race track wagers or similar betting transactions;  a replacement Card or terminate or modify this 
    of your other agreements with us, to include any  and any payment using a third party service. Agreement. You may terminate an Authorized 
    PenFed policy or procedure. Subject to law, if you  13. ACCOUNT CLOSURE. You or anyone jointly  User�s authority to access your Account at any 
    default on this Agreement, we can, without giving  liable for the Account may terminate the Account  time. To do this, you must return the Card to 
    anyone notice, demand immediate payment  at any time by notifying us orally or in writing.  PenFed. You agree that you are responsible 
    of the remaining balance due including but not  However, this will not relieve you or any of the  for all charges and cash advances made by 
    limited to any unpaid ?nance charges, late fees  other joint owners from liability for the repayment  an Authorized User, including charges made 
    and any other charges due under this Agreement.  of any obligations arising from the use of the  before the Card is returned, recurring charges, 
    You also agree our obligation for further credit  Account. In addition, recurring charges from a  or charges made without the use of the Card 
    extensions shall immediately end and we may  third party vendor/merchant will be charged to  initiated by the Authorized User after termination 
    terminate your Account without further notice  your Account, even though you have requested  of the Authorized User�s access.
    to you. We can do this if you make any false or  cancellation from PenFed. You must cancel the  19. LIEN. You hereby appoint PenFed as your 
    misleading statements on your requests for an  recurring charge with the third party vendor/ agent under a special power of attorney as well as 
    advance, if you die, ?le for bankruptcy or if any  merchant. Upon receipt of your notice, we may  give your express consent to enable us to charge 
    other creditor tries to seize your property. close your Account or suspend your Account  against any balance in any of your accounts, 
    If your required minimum payment has not  privileges at any time without prior notice. You  including accounts on which you are a joint owner, 
    been received within 60 days of the due date,  must return all of the Cards to us upon request. to include any otherwise statutorily protected 
    any balance, including a balance transfer with 
                               14. THIRD PARTY DISCLOSURE. We may  funds that may not otherwise be available by 
    a promotional rate, will increase to the Penalty     legal process, to pay any indebtedness or other 
    Annual Percentage Rate (Penalty APR). See  disclose information to third parties, including 
    Section 10 below for details of the Penalty APR. If  but not limited to credit reporting agencies or  outstanding ?nancial obligation owed by you or 
                               merchants, about your Account in order to advise  any person who is listed as a joint owner on your 
    collection is necessary, you agree to pay all costs 
                               such third parties of the existence or condition  accounts, including a deceased joint owner. This 
    of collection, including attorney�s fees and court 
                               of your Account, to evaluate your current credit  does not include your IRA or any other account 
    costs, in an amount not more than 25 percent of      for which this provision is not permitted. We may 
    the balance due.           worthiness, or as otherwise provided by law.
                                                         take such action without further notice to you 
    8. LATE PAYMENT FEES. You may be charged a  15. GRANT OF SECURITY INTEREST IN SHARES.  or any joint owner. In regard to those funds that 
    late payment fee if the Minimum Payment Due is  To protect us if you are in default on any credit  have a statutory protection, you understand that 
    received 10 or more days past the due date1. extended or cash advanced under this Account,  you may withdraw the special power of attorney 
                               you have granted a security interest in all of 
    9. VARIABLE RATES. One or more APRs that             and consent for PenFed to apply such funds to 
                               your shares, deposits, payments and dividends 
    apply to your Account may vary with changes          pay any such indebtedness by notifying us in 
                               which may be received, whether held jointly or 
    to the Prime Rate, which means your rate can         writing. If your agency appointment or consent 
                               individually, up to the amount of your outstanding 
    increase. We calculate the APR by adding a           is withdrawn, PenFed may, in its sole discretion, 
                               balance. The foregoing security interest includes 
    margin to the Prime Rate published in The Wall       terminate any and all services that you have with 
                               the right to apply funds available to you in any 
    Street Journal. If The Wall Street Journal stops     the credit union.
                               jointly held account on your date of death. This 
    publishing the Prime Rate, we will select a similar  does not include your individual retirement  20. ISSUANCE/USE OF CARD. Upon receipt 
    reference rate and inform you on your billing  accounts (IRA). We may take all the shares  of the Card(s), you and all other cardholders 
    statement or through a separate notice. The  needed by us to repay your credit extension  agree that you will sign the signature panel on 
    �Prime Rate� is the highest (U.S.) Prime Rate  or cash advance. If it is necessary to take all of  the back of the Card(s). The Card remains the 
    published in the Money Rates section of The  your shares for the payment of this Account, you  property of Pentagon Federal Credit Union and 
    Wall Street Journal. A margin is the percentage  understand your membership in PenFed may  may be revoked without notice at any time. The 
    we add to the Prime Rate to calculate the APR.  end. Collateral securing other loans with the  Card must be surrendered to us upon demand 
    On the ?rst Tuesday of the ?rst full week of each  credit union may also secure this loan. or revocation. If we employ an agent to obtain 
    month, we determine what the Prime Rate is as  Additional notice for Visa Secured cardholders: In  the Card, your Account will be charged with any 
    published in the Wall Street Journal. We then add  consideration of PenFed�s issuing you a Card, you  related fees. No expired, revoked or otherwise 
    a margin as set forth in the Summary of Terms  pledge your PenFed Share account as security  invalid Card shall be used to obtain or attempt to 
    issued with your Card to the Prime Rate to get  for this line of credit. To protect us if you are in  obtain credit. You will remain responsible to pay 
    the APR for the following month�. If the APR  default on any credit extended or cash advanced  the amount you owe us according to the terms 
    increases, you will have to pay a higher periodic  under this Account, you pledge all of your shares,  of this Agreement. Cancellation of the Account 
    ?nance charge and may have to make a higher  deposits, payments and dividends which may  will also terminate any other products or services 
    minimum payment.           be received, whether held jointly or individually,  o?ered in conjunction with it. However, recurring 
    10. PENALTY ANNUAL PERCENTAGE RATE. If  up to the amount of your outstanding balance.  charges from a third party vendor/merchant will 
    your required minimum payment is not received  The foregoing pledge includes the right to  be charged to your Account, even though you 
    within 60 days of the due date, your Account  apply funds available to you in any jointly held  have requested cancellation. You must cancel the 
    may be subject to change to a Penalty APR. The  account on your date of death. This does not  recurring charge with the third party merchant/
    Penalty APR will remain in place until you make  include your individual retirement accounts  vendor.
    three consecutive payments on or before the  individual retirement account (IRA). We may take  21. ISSUANCE/USE OF CHECKS. If we issue you 
    date that each payment is due. In addition, your  all the shares needed by us to repay your credit  checks, these checks are treated as cash advances 
    balance transfer rate for any outstanding balance  extension or cash advance. If it is necessary to  when they are used and presented for payment. 
    transfer amounts will increase to the Penalty  take all of your shares for the payment of this  We may refuse to issue or reissue and may also 
    APR. After three consecutive months of on-time  Account, you understand your membership in  terminate, limit or modify the use of the checks 
    payments, the rates will be reduced to the rates  PenFed may end. Collateral securing other loans  without notice to you, and you agree to surrender 
    that applied prior to the increase, unless the  with the credit union may also secure this loan. the checks upon our demand or upon learning of 
    temporary promotional rate has expired or the  16. CARD DISHONOR. If a merchant refuses the  our cancellation or withdrawal of the checks. Use 
    index for the variable rate has changed�. Card, we will not have any liability or responsibility.  of checks or other methods of access for kiting or 
    11. PROMOTIONAL ANNUAL PERCENTAGE  No cash refund will be made to or accepted by  similar activity is an action of default. The checks 
    RATE. At our option, a special promotional rate  you with respect to any adjustment for goods or  at all times remain the property of PenFed and 
    may be o?ered from time to time. The speci?c  services purchased. All adjustments will be made  we may repossess them without the use of court 
    terms will be provided at the time of the o?er.  by credit to your PenFed Account by a properly  process. All of the terms and conditions of this 
    Generally, the promotional APR will only apply  executed credit voucher issued by the merchant. Agreement apply to the use of the checks. Only 
    to select transactions (i.e. purchases or balance    check blanks and other methods authorized by 
                               17. ILLEGAL, EXCESSIVE, OR ABUSIVE CARD 
    transfers) during the promotional period. The        PenFed now and in the future may be used to 
                               USE. You agree that illegal use of your Card, 
    APR rates for all other transactions, not outlined   obtain funds from your Account. If so authorized 
                               or behavior deemed by us to be excessive or 
    in the promotion as eligible for the promotional     by PenFed, your use of a personal identi?cation 
                               abusive by cardholders(s), will be deemed an 
    APR, will remain unchanged. If your required         number (PIN) for such purpose shall constitute 
                               action of default and/or breach of contract and 
    minimum payment is not received within 60 days       your signature. Paid checks become our property 
                               your Account and other related services may be 
    of the due date, any promotional APR and the         and will not be returned to you. Copies may be 
                               terminated at our discretion. You further agree, 
    periodic rate for purchases, cash advances, and      provided, if requested, for a nominal fee for each 
                               should illegal, excessive, or abusive use occur, to 
    balance transfers will increase to the Penalty APR   item. Should we decline to pay any check, or if 
                               waive any right to sue PenFed for such use or any 
    until 3 consecutive payments are made on time.       you instruct us not to pay a check, PenFed shall 
                               activity directly or indirectly related to it. You also  not be liable, except for gross negligence, for any 
    12. CASH AND CASH-LIKE TRANSACTIONS.  agree to indemnify and hold PenFed harmless  action it takes regarding payment or nonpayment 
    The following transactions will be treated as  from any suits or other legal action or liability,  of a check. If we decline to pay a check, a charge 
    cash advances when conducted with your Card,  directly or indirectly, resulting from such use. may be made to your Account in the amount 
    account number, checks or mobile device: any  18. AUTHORIZED USER. You may request us  indicated on our current Schedule of Service Fees 
    person to person transfers or transfers to any  to issue a Card to an individual who has no  brochure, which is available at any branch o?ce, 
    PenFed or non-PenFed account, bill pay, overdraft  ?nancial responsibility under this Agreement.  on request, or at PenFed.org. You will not date 
    protection, ATM or over the counter advances, the  An Authorized User has the same access to your  any check later than the date that you write it. If 
    purchase of travelers checks, foreign currency,  Account as you do, subject to any limitations  you do and the check is presented for payment 
    money orders, bail bonds, cryptocurrency, wire  we may impose. An Authorized User has no  before its date, PenFed, in its sole discretion 
    transfers, lottery tickets, casino gaming chips,  authority to add or delete cardholders, request  may return it unpaid, or pay it. If we pay it, we 
    will charge the Account. PenFed may, in its sole  statements and notices to either of you. You  WHAT WILL HAPPEN AFTER WE RECEIVE 
    discretion, pay a check which has a date more  agree to notify us promptly of any change in your  YOUR LETTER. When we receive your letter, we 
    than six months old.       name, address, or email address. must do two things:
    22. ANNUAL FEE. You may be required to pay a  29. PAYMENT SKIP OPTION. At our option, we  1. Within 30 days of receiving your letter, we 
    nonrefundable annual fee for each Account you  may provide for a payment skip option, which  must tell you that we received your letter. We 
    have with us for which a Card is issued. You will  means that you may be allowed to skip making the  will also tell you if we have already corrected 
    pay only one annual fee, even if more than one  minimum periodic payment for speci?ed billing  the error.
    Card is issued for your Account. The fee will be  cycles. If you accept this payment skip option,  2. Within 90 days of receiving your letter, we 
    charged annually to your Account. This charge  we will continue to apply the ?nance charge as  must either correct the error or explain to you 
    will appear on your periodic statement for the  disclosed above, but no late payment fees will  why we believe the bill is correct.
    billing cycle when it ?rst becomes e?ective�. apply to the skipped payment. For the billing  While we investigate whether or not there has 
    23. FOREIGN TRANSACTIONS. Purchases and  cycle following a skipped payment, all the terms  been an error:
    cash advances made in foreign currencies will be  and conditions of this Agreement (including  � We cannot try to collect the amount in 
    debited from your Account in U.S. dollars. The  minimum periodic payment and applicable late  question, or report you as delinquent on that 
    exchange rate between the transaction currency  payment fees) will continue to apply. amount.
    and the billing currency used for processing  30. OTHER AGREEMENTS. All the terms and  � The charge in question may remain on your 
    international transactions is either a wholesale  conditions of any other agreement between us  statement, and we may continue to charge you 
    market rate or the government mandated rate in  and you and/or any other institution that is part of  interest on that amount.
    e?ect one day prior to the date processed by Visa  a network of automated teller machines (ATMs)  � While you do not have to pay the amount in 
    and may include an international transaction fee. in which we participate, and any applicable rules  question, you are responsible for the remainder 
    24. DEBT PROTECTION PLAN. Your purchase  and regulations, also apply to use of the Card.  of your balance.
                               There may be minimum and/or maximum limits  �  We can apply any unpaid amount against your 
    of the Debt Protection Plan (�Plan�) is optional. 
                               on the amount of a cash advance dispensed from  credit limit. After we ?nish our investigation, 
    Whether or not you purchase this protection           one of two things will happen:
    will not a?ect your application for credit or the  electronic terminals, which accept the Card. All 
                               of the transactions made by electronic means  �  If we made a mistake: You will not have to pay 
    terms of any existing credit agreement you have 
    with PenFed. If you do purchase Debt Protection,  are subject to veri?cation by us, and any checks  the amount in question or any interest or other 
    you may cancel it at any time by notifying us in  or other items deposited for collection may be  fees related to that amount.
                                                         �  If we do not believe there was a mistake: You 
    writing. You understand that you may rescind  deemed to be received and any other transaction 
                               may be deemed to occur on our next business  will have to pay the amount in question, along 
    this plan within 30 days after the date your Debt 
    Protection becomes e?ective. If you rescind,  day. You understand that transactions may be  with applicable interest and fees. We will send 
                               limited in some areas.     you a statement of the amount you owe and 
    any premiums you have already paid will be 
                               You agree that we do not waive our rights  the date payment is due. We may then report 
    credited to your Account. We can terminate this 
                               under this Agreement if we fail to assert them.  you as delinquent if you do not pay the amount 
    Agreement by giving you notice at least 30 days       we think you owe.
    in advance of the termination. The premium,  The Agreement binds and bene?ts us and our 
    method of calculation and assessment are subject  successors and assigns and binds you, your  If you receive our explanation but still believe 
    to change. If these terms change, we will provide  estate and your personal representatives. your bill is wrong, you must write to us within 
                                                         10 days telling us that you still refuse to pay. If 
    written notice before the change goes into e?ect.  31. APPLICABLE LAW. This Agreement and your  you do so, we cannot report you as delinquent 
    Premiums will accrue on a daily basis and will be  Card and Additional Cards, and all questions about  without also reporting that you are questioning 
    billed to your Account monthly. Complete details  their legality, enforceability and interpretation,  your bill. We must tell you the name of anyone 
    of this optional Debt Protection are included in  are governed by the laws of the Commonwealth  to whom we reported you as delinquent, and 
    The Debt Protection Plan Program Agreement  of Virginia, USA. we must let those organizations know when the 
    which you will receive upon enrollment. 32. MILITARY LENDING ACT. Federal law  matter has been settled between us. If we do not 
    25. ASSIGNABILITY OF ACCOUNT. You agree  provides important protections to members of  follow all the rules above, you do not have to pay 
    that PenFed may at any time sell, transfer or  the Armed Forces and their dependents relating  the ?rst $50 of the amount you question even if 
    assign your Account.       to extensions of consumer credit. In general,  your bill is correct.
    26. LOST/STOLEN CARD. You are responsible  the cost of consumer credit to a member of the  YOUR RIGHTS IF YOU ARE DISSATISFIED WITH 
    for the possession and use of the Card and  Armed Forces and his or her dependent may not  YOUR CREDIT CARD PURCHASES. If you are 
    must maintain the con?dentiality of the PIN we  exceed an annual percentage rate of 36 percent.  dissatis?ed with the goods or services that you 
    may assign you. You will notify us at once if you  This rate must include, as applicable to the credit  have purchased with your credit card and you 
    believe your Card has been lost or stolen, or if  transaction or account: The cost associated  have tried in good faith to correct the problem 
    you have reason to believe the Card is being  with credit insurance premium; fees for ancillary  with the merchant, you may have the right not to 
    used without your permission. You may notify  products sold in connection with the credit  pay the remaining amount due on the purchase. 
    us by calling 800-247-5626 or 402-399-3600  transaction; any application fee charged (other  To use this right, all of the following must be true:
    collect from overseas, or by writing to us at Card  than certain applications fees for speci?ed credit  1. The purchase must have been made in your 
    Services, Pentagon Federal Credit Union, Box  transactions or accounts); and any participation  home state or within 100 miles of your current 
    456, Alexandria, VA 22313-0456. fee charged (other than certain participation fees  mailing address, and the purchase price must 
                               for a credit card account). For more information,  have been more than $50. (Note: Neither of 
    27. LIABILITY FOR UNAUTHORIZED USE. If your  please contact PenFed at 800-247-5626. these is necessary if your purchase was based 
    statement has an error or a charge you did not 
    authorize, you must tell us in writing within 60  YOUR BILLING RIGHTS (Keep this notice for  on an advertisement we mailed to you, or if we 
    days after you get that statement. You must  future use.) This notice tells you about your rights  own the company that sold you the goods or 
    follow all instructions on that statement. If we  and our responsibilities under the Fair Credit  services.)
    ?nd no error after investigation, you owe us the  Billing Act. 2. You must have used your credit card for the 
                                                          purchase. Purchases made with cash advances 
    original amount plus applicable interest and fees.  WHAT TO DO IF YOU FIND A MISTAKE ON YOUR 
                                                          from an ATM or with a check that accesses 
    You are liable for all authorized use of any Card  STATEMENT. If you think there is an error on your 
                                                          your credit card account do not qualify.
    issued under the Agreement regardless of the  statement, write to us at: Card Services, Pentagon 
                                                         3. You must not yet have fully paid for the 
    credit limit or the party using it. You agree to  Federal Credit Union, Box 456, Alexandria, VA 
                                                          purchase.
    notify us immediately by calling 800-247-5626 or  22313-0456. You may also contact us on the 
                                                         If all of the criteria above are met and you are 
    402-399-3600 collect from overseas, or writing  Web via our Secure Online Message Center at: 
                                                         still dissatis?ed with the purchase, contact us 
    to us at Card Services, Pentagon Federal Credit  PenFed.org. In your letter, give us the following 
                                                         in writing or electronically at: Card Services, 
    Union, Box 456, Alexandria, VA 22313-0456 if  information:
                                                         Pentagon Federal Credit Union, Box 456, 
    you suspect unauthorized use of the Card, and to  �  Account information: Your name and account 
                                                         Alexandria, VA 22313-0456, or online at PenFed.
    cooperate with us in the recovery of any amounts  number.
                                                         org. While we investigate, the same rules apply to 
    advanced based on unauthorized use. You will  � Dollar amount: The dollar amount of the 
                                                         the disputed amount as discussed above. After 
    not be liable for any unauthorized use of the Card. suspected error.
                                                         we ?nish our investigation, we will tell you our 
    28. STATEMENTS. We will bill you monthly, on a  �  Description of problem: If you think there is an 
                                                         decision. At that point, if we think you owe an 
    date selected by us, for amounts due under this  error on your bill, describe what you believe is 
                                                         amount and you do not pay, we may report you 
    Agreement. If you elect to receive your credit  wrong and why you believe it is a mistake.
                                                         as delinquent. 
    card statement electronically, you will receive  You must contact us:
                                                         ____________________________________________________________________________________________
    an email alerting you when your statement is  � Within 60 days after the error appeared on 
                                                         � Refer to the Summary of Terms issued with your Card
    ready to be viewed online. There may be a $1  your statement.
    fee for each paper statement received�. Failure  �  At least 3 business days before an automated  Information about this Card is accurate as of 
    to receive a monthly statement or electronic  payment is scheduled, if you want to stop  March 2020 but may have changed since then. 
    statement noti?cation does not relieve you from  payment on the amount you think is wrong. To ?nd out what may have changed, please go to 
    making any required minimum payment. Upon  You must notify us of any potential errors in  PenFed.org or call 800-247-5626. 
    receipt of each periodic statement, you should  writing or electronically. You may call us, but if 
    examine it and immediately notify us in writing  you do, we are not required to investigate any 
    of any transaction you believe to be in error. If  potential errors and you may have to pay the 
    your Account is a joint account, we can send  amount in question.
                                                                 Form 1203 (03/20) �2020 PenFed