VARIABLE-RATE - CREDIT CARD
AGREEMENT AND DISCLOSURE
LOS ANGELES
Federal Credit Union
YOUR FINANCIAL SO DURCE FOR LIFE
P.O. Box 53032
Los Angeles, CA 90053-0032
(877) MY LAFCU (695-2328)
FAX (818) 242-5812
e-Mail: consumerloans@lafcu.org
Website: www.lafcu.org
THIS IS YOUR CREDIT CARD AGREEMENT AND DISCLOSURE CONTAINING NECESSARY FEDERAL TRUTH-IN-LENDING
DISCLOSURE STATEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE OF YOUR SHOP LA CITY VISA PLAT-
INUM
PLUS WITH CUREWARDS CREDIT CARD. PLEASE BE SURE TO READ THIS AGREEMENT CAREFULLY AND NOTIFY US
AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage
0.00%
or
Rate (APR) For
7.90% Introductory APR for 6 months, depending on
Purchases
whether You have previously had a Credit Union issued credit card.
After that Your APR will be
9.90% - 18.00%
based on Your
creditworthiness. This APR will vary with the market based on the
Prime Rate.
Annual Percentage
0.00% or 7.90% Introductory APR for 6 months (excluding transfers of ex-
Rate (APR) For
listing Credit Union credit card balances), depending on whether You have
Balance Transfers
previously had a Credit Union issued credit card.
After that Your APR will be 9.90% - 18.00% based on Your creditworthi-
ness. This APR will vary with the market based on the Prime Rate.
Annual Percentage
18.00%
Rate (APR) For
Cash Advances
Penalty APR and
18.00%
When it Applies
This APR may be applied if You:
1) Make a late payment.
How Long Will The Penalty APR Apply? If Your APRs are increased for
this reason, for transactions that you make prior to the effective date of the
increase the Penalty Rate will apply until you make the next six consecutive
minimum payments when due. For transactions that you make after the
effective date of the increase, the Penalty Rate may be applied indefinitely.
Paying Interest
We will not charge You interest on purchases if You pay Your entire balance owed
each month within 25 days of Your statement closing date. We will begin charging
interest on cash advances and balance transfers on the transaction date.
For Credit Card Tips
To learn more about factors to consider when applying for or using a Credit
from the Federal Re-
Card, visit the website of the Federal Reserve Board at
serve Board
http://www.federalreserve.gov/creditcard.
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Fees
Annual Fee
$25.00
Transaction Fees
Cash Advance
Either $10.00, or 2.00% of the amount advanced plus $2.50,
whichever is greater [for advances at ATMs owned by Us]
Either $10.00, or 2.00% of the amount advanced, whichever is
greater [for advances other than those at ATMs We own]
Foreign Transaction
1.00% of each foreign currency transaction in U.S. dollars.
1.00% of each U.S. Dollar transaction that occurs in a foreign country.
Penalty Fees
Late Payment
Up to $25.00 after 1 day
Returned Payment
Up to $25.00
How We Will Calculate Your Balance: We use a method called "average daily balance (including
new purchases)." See Your Account Agreement for details.
Loss of Introductory APR: We may end Your Introductory APR and apply the Penalty APR if You
make a late payment.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is
provided in Your Account Agreement.
In this Agreement, the reference to "We," "Us," "Our", and "Credit Union"
by the Federal Truth-In-Lending Act. To the extent permitted by law, the
mean the LOS ANGELES FEDERAL CREDIT UNION. The words "You"
right to change the terms of this Agreement includes, but is not limited
and "Your" mean each person who accepts this Agreement or uses the
to, the right to change the periodic rate applicable to Your unpaid
Shop LA City Visa Platinum Plus with CURewards Credit Card. "Account"
balance and/or future advances.
means the Shop LA City Visa Platinum Plus with CURewards Credit Card
Account established for You. The words "Credit Card" or "Card" mean any
COLLECTION COSTS. To the extent permitted by law, You will
Shop LA City Visa Platinum Plus with CURewards Credit Card issued to
reimburse Us for all of Our costs and expenses, including reasonable
You by Us and any duplicates and renewals. "Visa Convenience Checks"
attorney fees incurred in the course of collecting any amounts owed
mean the special Account access devices We provide for Your use from
under this Agreement or for the recovery of any collateral.
time to time. If this is a joint account, read singular pronouns in the plural.
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of
You understand the following terms constitute the Agreement:
this Agreement and Disclosure. By signing the Application and Your
Credit Card, by using Your Card, by using Your Account or by
ANNUAL FEE. Except for the first 12-consecutive month period that
authorizing another to use Your Account, You agree to accept its terms.
immediately follows the date Your Account is established, You will be
charged a $25.00 Annual Fee for Your continued participation in the
CONSENSUAL LIEN. As permitted by law, You grant and consent
Shop LA City Visa Platinum Plus with CURewards program. This fee is
to a lien on Your deposit accounts with Us (other than those
required each year to continue credit availability whether or not You use
deposits established under a governmental-approved tax
Your Account throughout the year, except to the extent that such fee
deferral plan such as an IRA or Keogh Account) and any
will be waived during each year that purchase transactions totaling
dividends due or to become due to You from Us to the extent
$6,000 or more are posted to Your Account. After the first year, You will
You owe on any unpaid Credit Card balance.
be provided with cancellation instructions with the statement on which
the Annual Membership Fee appears. Such fee will be identified on the
CREDITS. If a merchant who honors Your Card gives You credit for
statements that You receive.
returns or adjustments, the merchant will do so by sending Us a slip
which will be posted to Your Account. If Your credits and payments
CHANGE IN TERMS. We may change the terms of this Agreement by
exceed what You owe Us, We will hold and apply this credit against
mailing or delivering to You written notice of the changes as prescribed
future purchases and cash advances, or if it is $1.00 or more, refund
it
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on Your written request or automatically deposit it to Your Share Account
Otherwise, the new balance of purchases, and subsequent purchases
after six months.
from the date they are posted to Your Account, will be subject to a
Finance Charge. Cash advances and balance transfers (including Visa
CREDIT INSURANCE. Credit insurance is not required for any extension
Convenience Checks) are always subject to a Finance Charge from the
of credit under this Agreement. However, You may purchase any credit
date they are posted to Your Account.
insurance available through Us and have the premiums added to the
outstanding balance of Your Account. If You elect to do so, You will be
Your Account is subject to an Introductory Rate for the 6-month period
given the necessary disclosures and documents separately. Any credit
immediately following the date that it is opened by Us. During that time
insurance premiums will be charged to Your Account as a purchase.
the Monthly Periodic Rate that will apply to purchases (including VISA
Convenience Checks) and balance transfers (excluding transfers of
DEFAULT. You will be in default if: (a) You do not make any payment or
existing Credit Union balances) will be either 0.0000% (corresponding
perform any obligation under this Agreement, or any other agreement that
ANNUAL PERCENTAGE RATE 0.00%) if You have not previously had
You may have with Us; or (b) You should die, become involved in any
a Credit Union issued credit card, or 0.6583% (corresponding ANNUAL
insolvency, receivership or custodial proceeding brought by or against
PERCENTAGE RATE 7.90%) if You have previously had a Credit
You; or (c) You have made a false or misleading statement in Your credit
Union issued credit card.
application and/or in Your representations to Us while You owe money on
Your Account; or (d) A judgment or tax lien should be filed against You or
Upon the expiration of the Introductory Rate period, the Monthly
any attachment or garnishment should be issued against any of Your
Periodic Rate and corresponding Annual Percentage Rate applicable
property or rights, specifically including anyone starting an action or
to the portion of Your balance consisting of transactions that occur after
proceeding to seize any of Your funds on deposit with Us; and/or (e) We
the expiration of such period will increase to the non-introductory rate
should, in good faith, believe Your ability to repay Your indebtedness
disclosed in this Agreement.
hereunder is or soon will be impaired, time being of the very essence.
The Monthly Periodic Rate applicable to Your balance for Cash Advances
If You are in default, We may, without notice or demand, and to the
is 1.50% (corresponding ANNUAL PERCENTAGE RATE 18.00%).
extent permitted by law, cancel Your rights under this Agreement,
declare the entire unpaid balance immediately due and payable and
Following the expiration of the applicable Introductory Rate period,
require the return of all Cards and other Account Access devices.
advances for purchases and balance transfers are subject to a Variable
Rate which is based on the highest Prime Rate as published in the
EFFECT OF AGREEMENT. Even though the sales, cash advance,
Money Rates section of The Wall Street Journal in effect on the day
credit or other slips You may sign or receive when using the Card
that any Introductory Rate period expires, and subsequently, each day
contain terms, this Agreement is the contract which solely applies to all
of each year thereafter ("Index") plus Our Margin. The Index plus the
transactions involving the Card.
Margin equals the Interest Rate. Changes in the Index will cause
changes in the Interest Rate on the day that any Introductory Rate
ENFORCEMENT. We do not lose Our rights under this or any related
period expires, and subsequently, each day of each year thereafter
agreement if We delay enforcing them. We can accept late payments,
Increases or decreases in the Interest Rate will cause like increases or
partial payments, or any other payments, even if they are marked "paid in
decreases in the Finance Charge and will affect the number of Your
full" without losing any of Our rights under this Agreement. If any provision
regularly scheduled payments. Your Interest Rate will never be greater
of this or any related agreement is determined to be unenforceable or
than 18.00% and will apply to Your remaining principal balance.
invalid, all other provisions remain in full force and effect.
For the applicable Introductory Monthly Periodic Rate (and
FINANCE CHARGES. In the case of any transactions under Your
corresponding Annual Percentage Rate), Margin, current non-
Account, a Finance Charge will be imposed on all purchases, balance
introductory Monthly Periodic Rate (and corresponding Annual
transfers and cash advances by the application of a monthly periodic
Percentage Rate) applicable to purchases and balance transfers,
rate (and corresponding Annual Percentage Rate) to the Average Daily
refer to the separate page titled "Additional Disclosure - Federal
Balance indicated on Your monthly billing statement.
Truth-In-Lending Act" which We have included with and made a
part of this Agreement.
To get the Average Daily Balance, We take the beginning balance of Your
Account each day during the billing cycle (including any unpaid purchases,
FOREIGN TRANSACTIONS. For transactions initiated in foreign
balance transfers and cash advances first posted to Your Account during
countries and foreign currencies, the exchange rate between the
the prior billing cycle; excluding any previously billed but unpaid Finance
transaction currency and the billing currency (U.S. dollars) will be:
Charges and Late Charges), add any new purchases, balance transfers
(a) a rate selected by VISA from the range of rates available in
or cash advances and subtract any payments or credits (as described
wholesale currency markets for the applicable central processing
herein). This gives Us the daily balance. We then add up all the daily
date, which rate may vary from the rate VISA itself receives; or (b)
balances for the billing cycle and divide the total by the number of days in
the government-mandated rate in effect for the applicable central
the billing cycle. This gives Us the Average Daily Balance.
processing date. In each instance, plus 1.00%.
You can avoid Finance Charges on purchases by paying the full amount
GOVERNING LAW. This Agreement is controlled and governed by the
of the entire balance owed each month within 25 days of Your statement
laws of the State of California except to the extent that such laws are
closing date, provided the previous statement's balance was paid in full.
inconsistent with controlling federal law.
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INTEGRATED DOCUMENTS. Any separate sheet of paper labeled
"Additional Disclosure - Federal Truth-In-Lending Act" which is delivered
to You and relates to this Agreement is an integrated part of this
Agreement and Disclosure.
ISSUANCE OF PERSONAL IDENTIFICATION NUMBER. We will issue
You a Personal Identification Number (PIN) for use with Your Card. This
PIN is confidential and should not be disclosed to anyone. You may use
Your PIN and Your Card to access Your Account and all sums advanced
will be added to Your Account balance. In the event a use of Your PIN
constitutes an Electronic Fund Transfer, the terms and conditions of Your
Electronic Fund Transfer Agreement may affect Your rights.
JOINT ACCOUNTS. Each Cardholder will be responsible, jointly and
severally, for the repayment of amounts owed. You understand that any
Card which is requested and approved will be mailed only to the primary
Cardholder at the address indicated on the application. We may refuse
to follow any instructions which run counter to this provision.
LATE CHARGE. If Your payment is late, You will be charged the lesser
of: (a) the amount of the minimum payment due; or (b) $25.
LINE OF CREDIT LIMIT. If Your application for a Card is approved, You
will be notified of Your specific Credit Limit for transactions made under
Your Account. Unless You are in default, the Credit Limit established
for You will be self-replenishing as You make payments on Your
Account. You will keep Your unpaid balance within Your Credit Limit set
by Us, and You will pay any amount over Your Credit Limit on Our
demand whether or not We authorize the advance which caused You
to exceed Your Credit Limit. Even if Your unpaid balance is less than
Your Credit Limit, You will have no credit available during any time that
any aspect of Your Account is in default.
LOST OR STOLEN CARDS AND/OR VISA CONVENIENCE CHECKS.
To report a lost or stolen Card or Convenience Check, You will
immediately call Us at (800) 449-7728. You may also write to Us at the
address shown in this Agreement.
MINIMUM MONTHLY PAYMENT. Though You need only pay the
Minimum Monthly Payments, You understand that You have the right
to repay Your Account or make larger payments at any time without
penalty. You will only be charged periodic Finance Charges to the date
You repay Your entire Account balance. Any partial payment or
prepayment of Your Account will not delay Your next scheduled
payment. All payments to Us must be in lawful money of the United
States. Payments will be applied in the following order: (a) any Fees
owing; (b) any Finance Charges due on purchases and cash
advances; (c) any outstanding principal balances for cash advances
previously billed yet unpaid; (d) any remaining balance for cash
advances; (e) any outstanding principal balances for purchases
previously billed yet unpaid; and then to (f) any remaining balance for
purchases. You understand that any delay in the repayment of Your
unpaid balance will increase the amount You will pay in periodic
Finance Charges and any acceleration in the repayment of Your
unpaid balance will decrease Your periodic Finance Charges. You
understand that any portion of any payment received by Us which is
in excess of the required minimum periodic payment will be credited
first to that portion of Your unpaid principal balance which carries the
(continued on reverse side)
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highest Annual Percentage Rate, then to that portion of Your unpaid
Agreement. In any event, You hold Us harmless for any and all liability
principal balance which carries the next highest Annual Percentage
which might otherwise arise if the transfer does not occur. Your
Rate, and so on, until the payment is depleted.
Overdraft Protection automatically ceases if this Agreement is ever
cancelled or terminated or Your Account is in default.
Minimum Monthly Payments will be an amount equal to 3.00% of Your
unpaid Visa Account balance at the end of each billing cycle, subject
OWNERSHIP. Your Card remains Our property and may be cancelled
to the lesser of $25 or Your Account balance. In addition to the
by Us at any time without notice. You agree to surrender Your Card and
Minimum Monthly Payment, You will also be required to pay any prior
to discontinue its use immediately upon Our request.
payments due which remain unpaid and any amounts which exceed
Your credit limit.
PENALTY RATE. If Your payment is past due during any two
consecutive billing cycles (but not more than 60 days past due), subject
Payments received before 2:30 p.m. on a business day that We are
to applicable law, the Monthly Periodic Rate applicable to future
open will be credited to Your Account that day. Payments received after
transactions will increase to 1.5000% (corresponding ANNUAL
2:30 p.m. will be credited to Your Account the next business day.
PERCENTAGE RATE 18.00%).
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if
If Your payment is more than 60 days past due, subject to applicable
You move or otherwise have a change of address.
law, the Monthly Periodic Rate applicable to Your entire balance of
transactions existing at that time will also increase to 1.5000%
OTHER
FEES AND CHARGES. You agree to pay Us the following fees
(corresponding ANNUAL PERCENTAGE RATE 18.00%). During the
and charges associated with the use of Your Card: (a) Except for Premier
six-month period following the effective date of such increase, upon
and Premier 55 Cardholders, $15 for each replacement Card that You
receipt of the first six consecutive required minimum periodic payments
request (Value and Imperial accountholders are eligible to receive one
when due, the rate applicable to the balance of transactions that
free replacement Card per 12-month period); (b) to the extent permitted
occurred prior to such increase will be returned to the standard rate that
by law, a returned check (or other negotiable instrument) charge or
would have otherwise been in effect.
declined Automated Clearing House (ACH) payment charge, as
applicable, equal to the lesser of $25 or the amount of the required
At Our discretion, We may reduce any Penalty Rate applicable to Your
minimum payment due, for each item that is returned for non-payment;
Account without giving up any of Our rights set forth in this provision or
(c) $25 for express replacement of a Card; (d) $26 for each stop payment
in any other provision of Your Agreement with Us.
that You request for Visa Convenience Checks; (e) $5 for each merchant
draft copy that You request that is unrelated to a valid billing error dispute;
PERIODIC STATEMENT. On a regular basis, You will receive a
(f) for cash advances obtained at ATMs owned and operated by Us, You
statement showing all transactions on Your Account including amounts
will be charged a cash advance fee FINANCE CHARGE equal to the
paid and borrowed since Your last statement. We will mail You a
greater of $10, or 2.00% of the amount advanced plus $2.50 for each
statement each billing cycle in which there is a debit or credit balance
such advance; and (g) for all cash advances (other than those obtained
or when a Finance Charge is imposed. We need not send You a
at an ATM owned and operated by Us), You will be charged a cash
statement if We feel Your Account is uncollectible or if We have started
advance fee FINANCE CHARGE equal to the greater of $10, or 2.00%
collection proceedings against You because You defaulted. Each
of the amount advanced.
statement is deemed to be a correct statement of account unless You
establish a billing error pursuant to the Federal Truth-In-Lending Act.
OTHER SECURITY. Collateral (other than household goods or any
dwelling) given as security under any other loan You may have with Us
PROMISE TO PAY. Your Account may be accessible through a variety
will secure all amounts You owe Us now and in the future if that status
of means which could include advance request forms, vouchers,
is reflected in the "Truth-in-Lending Disclosure" in any particular
checks, charge slips, credit cards, Visa Convenience Checks and the
Agreement evidencing such debt.
like. Regardless of the access means, You promise to pay Us all
amounts charged to Your Account by You or by any user who has
OUR RESPONSIBILITIES TO HONOR VISA CONVENIENCE
access to Your Account, with actual, apparent or implied authority for
CHECKS. We are under no obligation to honor Your Visa Convenience
use of Your Account, including Finance Charges and other fees or
Checks if: (1) by paying a Visa Convenience Check, You would exceed
charges described herein.
Your Credit Limit; (2) Your Cards or Visa Convenience Checks have
been reported lost or stolen; (3) Your Account has been cancelled or
REFUSAL TO HONOR CARDS OR VISA CONVENIENCE CHECKS.
has expired. If a postdated Convenience Check is paid and, as a
Visa Convenience Checks must be at least equal to $100 and cannot
result, any other Convenience Check is returned unpaid, We are not
exceed the lesser of Your approved Credit Limit or $30,000, and We
responsible for any resulting loss or liability.
may refuse to honor any non-conforming convenience check. We are
not liable for the refusal or inability of merchants, financial institutions
OVERDRAFT PROTECTION. If the Overdraft Protections feature of
and others to accept the Cards or Visa Convenience Checks, or
Your Account has been activated, We may transfer funds in multiples
electronic terminals to honor the Cards or complete a Card withdrawal,
necessary (or in such increments as We may from time to time
or for their retention of the Cards or Visa Convenience Checks.
determine) to clear any overdraft on Your checking (Share Draft)
account by an advance on Your Account subject to this provision.
TERMINATION. Subject to applicable law, either You or We may cancel
Whether or not such a transfer occurs will be controlled by this
Your Account at any time whether or not You are in default. You will, in
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any case, remain liable to pay any unpaid balances according to the
What To Do If You Find A Mistake On Your Statement
terms of this Agreement.
If You think there is an error on Your statement, write to Us at Our
TRANSACTION SLIPS. Your periodic statement will identify the
address shown in this Agreement. In Your letter, give us the
merchant, electronic terminal or financial institution at which transactions
following information:
were made, but sales, cash advances, credit or other slips will not be
returned with the statement. You will retain the copy of such slips furnished
Account information: Your name and Account number.
at the time of the transaction in order to verify Your monthly statement.
Dollar amount: The dollar amount of the suspected error.
Description of problem: If You think there is an error on Your
UNAUTHORIZED USE. You may be liable for the unauthorized use of
bill, describe what You believe is wrong and why You believe
Your Card. You will not be liable for the unauthorized use that occurs
it is a mistake.
after You notify Us orally and in writing at the address or telephone
number shown in this Agreement, of the loss, theft, or possible
You must contact Us:
unauthorized use. In any case, Your liability will not exceed $50.
Within 60 days after the error appeared on Your statement.
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will
At least 3 business days before an automated payment is
provide facts to update personal information or other financial
scheduled, if You want to stop payment on the amount You
information related to You, at Our request. You also agree that We may,
think is wrong.
from time to time, as We deem necessary, make inquiries pertaining
to Your employment, credit standing and financial responsibility in
You must notify Us of any potential errors in writing. You may call
accordance with applicable laws and regulations. You further agree
Us, but if You do We are not required to investigate any potential
that We may give information about the status and payment history of
errors and You may have to pay the amount in question.
Your Account to consumer credit reporting agencies, a prospective
employer or insurer, or a state or federal licensing agency having any
What Will Happen After We Receive Your Letter
apparent legitimate business need for such information.
When We receive Your letter, We must do two things:
USE OF YOUR CARD. You may use Your Card to buy goods and
services in any place that it is honored and to get cash advances from
1) Within 30 days of receiving Your letter, We must tell You that
Us or another financial institution, except to the extent that You agree
We received Your letter. We will also tell You if We have
not to use Your Card in any country that We or the United States
already corrected the error.
Government may from time to time designate. If You are issued a cash
2)
Within 90 days of receiving Your letter, We must either correct
advance draft, it will be imprinted with Your Card number.
the error or explain to You why We believe the bill is correct.
You agree not to use Your Card for illegal transactions, whether or not
While We investigate whether or not there has been an error:
such transaction is transmitted electronically, involves the use of the
internet or is otherwise made in person. Illegal or unlawful transactions
We cannot try to collect the amount in question, or report You
include, but are not limited to, advances made for the purpose of
as delinquent on that amount.
gambling and/or wagering, where such bet or wager is unlawful under
The charge in question may remain on Your statement, and
any applicable federal or state law in the State or Tribal lands in which
We may continue to charge You interest on that amount.
the bet or wager is initiated, received, or otherwise made. You further
While You do not have to pay the amount in question, You are
agree and understand that any such illegal or unlawful transaction may
responsible for the remainder of Your balance.
be blocked, declined or otherwise reversed.
We can apply any unpaid amount against Your Credit Limit.
VISA CONVENIENCE CHECK RATE. If Your Account is subject to a
After We finish Our investigation, one of two things will happen:
promotional rate for Visa Convenience Check transactions, the Monthly
Periodic Rate applicable to such transactions will be either 0.0000%
If We made a mistake: You will not have to pay the amount in
(corresponding ANNUAL PERCENTAGE RATE 0.00%) if You have not
question or any interest or other fees related to that amount.
previously had a Credit Union issued credit card, or 0.6583%
If We do not believe there was a mistake: You will have to
(corresponding ANNUAL PERCENTAGE RATE 7.90%) if You have
pay the amount in question, along with applicable interest
previously had a Credit Union issued credit card. Upon the expiration of
and fees. We will send You a statement of the amount You
any such promotional rate period, the Monthly Periodic Rate and
owe and the date payment is due. We may then report You
corresponding Annual Percentage Rate applicable to the portion of Your
as delinquent if You do not pay the amount We think You owe.
balance consisting of transactions that occur after the expiration of such
period will increase to the non-promotional rate disclosed in this Agreement.
If You receive Our explanation but still believe Your bill is wrong, You
must write to Us within 10 days telling Us that You still refuse to pay.
Your Billing Rights: Keep this Document for Future Use
If You do so, We cannot report You as delinquent without also
reporting that You are questioning Your bill. We must tell You the
This notice tells You about Your rights and Our responsibilities under
name of anyone to whom we reported You as delinquent, and We
the Fair Credit Billing Act.
must let those organizations know when the matter has been settled
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between Us. If We do not follow all of the rules above, You do not
For loans over $10,000: lower the rate one-quarter percent
have to pay the first $50 of the amount You question even if Your
(0.25%) if you cash out 5,000 points, or lower it one-half percent
bill is correct.
(0.50%) for 10,000 points.
Your Rights If You Are Dissatisfied With Your
POINTS EARNED. Three (3) CURewards points will be earned for
Credit Card Purchases
each dollar charged with the card at a merchant located in the city of
Los Angeles, California - inclusive of the following named areas
If You are dissatisfied with the goods or services that You have
which are considered to be part of Los Angeles* ("Triple
purchased with Your Credit Card, and You have tried in good faith
CURewards"). For an updated list of cities that qualify for Triple
to correct the problem with the merchant, You may have the right
CURewards and other details concerning the CURewards program,
not to pay the remaining amount due on the purchase. To use this
visit the "Shop LA City Visa Card" web page located on Our website
right, all of the following must be true:
at www.LAFCU.org. Points will not be earned on advances made by
cash advance or Convenience Check.
1) The purchase must have been made in Your home state or
within 100 miles of Your current mailing address, and the
*Arleta, Arlington Heights, Atwater Village, Baldwin Hills, Bel Air,
purchase price must have been more than $50. (Note:
Beverly Glen, Beverly Crest, Beverlywood, Boyle Heights,
Neither of these are necessary if Your purchase was based
Brentwood, Cahuega Pass, Canoga Park, Century City, Chatsworth,
on an advertisement We mailed to You, or if We own the
Cheviot Hills, Chinatown, Crenshaw, Crestview, Cypress Park, Del
company that sold You the goods or services.)
Rey, Downtown Los Angeles, Eagle Rock, East Hollywood, East Los
Angeles, Echo Park, El Sereno, Elysian Park, Elysian Valley, Encino,
2) You must have used Your Credit Card for the purchase.
Fairfax, Glassell Park, Granada Hills, Greater Mid-Wilshire, Griffith
Purchases made with cash advances from an ATM or with a
Park, Hancock Park, Harbor City, Harbor Gateway, Harvard Heights,
check that accesses Your Credit Card account do not qualify.
Highland Park, Hollywood, Hyde Park, Jefferson Park, Koreatown,
Los Angeles International Airport, La Tuna Canyon, Ladera Heights,
3) You must not yet have fully paid for the purchase.
Lake Balboa, Lakeview Terrace, Leimert Park, Lincoln Heights, Los
Angeles, Los Feliz, Mar Vista, Mid-City, Mission Hills, Montecito
If all of the criteria above are met and You are still dissatisfied
Heights, Mt. Washington, North Hills, North Hollywood, Northridge,
with the purchase, contact Us in writing at Our address shown in
Pacific Palisades, Pacoima, Palms, Panorama City, Pico Union,
this Agreement.
Playa del Rey, Playa Vista, Porter Ranch, Rancho Park, Reseda,
San Pedro, Sawtelle, Sepulveda, Shadow Hills, Sherman Oaks,
While We investigate, the same rules apply to the disputed amount
Silver Lake, South Carthay, South Central Los Angeles, South
as discussed above. After We finish Our investigation, We will tell
Robertson, Southeast Los Angeles, Studio City, Sun Valley, Sunland,
You Our decision. At that point, if We think You owe an amount and
Sylmar, Tarzana, Terminal Island, Toluca Lake, Tujunga, USC, Valley
You do not pay, We may report You as delinquent.
Glen, Valley Village, Van Nuys, Venice, Watts, West Adams, West
Hills, West Los Angeles, Westchester, Westlake, Westwood,
CURewards Points
Wilmington, Wilshire Center, Winnetka, Woodland Hills.
EXPIRATION. Points will accrue during each three (3) calendar year
One (1) point will be earned for each dollar charged with the card at
period, and will expire on a first-in first-out basis annually. This
a merchant located outside of the city Los Angeles, California or
means points earned in calendar year one (but not yet redeemed)
outside of those areas set forth above. Points will not be earned on
will expire as of the last business day of calendar year three. For
advances made by cash advance or Convenience Check.
example, points earned anytime during the year of 2011 (year one)
will expire on December 31, 2013.
Triple CURewards points are earned when the merchant city name
listed in the Credit Union's credit card record is "Los Angeles" or any
MAXIMUM. The maximum points that may be earned each month
of the other named areas set forth in this section. Should You have
is 15,000, whereas the maximum that may be earned each year
any questions concerning the rate at which You were awarded
is 75,000.
points, You must contact Us in writing within sixty (60) days of the
transaction date.
REDEMPTION. Points may be redeemed for merchandise, travel or
to get discounts on Credit Union closed-end consumer loan rates
(including boats, cars, motorcycles, personal computers, RVs,
trucks, "Personaline" lines of credit and Signature loans). Visit
www.curewards.com or call (800) 900-6160 for travel and
Your savings federally Insured to at least $250,000
merchandise redemption information. Credit Union consumer loan
and backed by the full faith and credit the United States Government
interest rates can be reduced (restrictions apply) by cashing out
earned points, as follows:
NCUA
E
EQUAL HOUSING
National Credit Union Administration Government Agency
LENDER
For loans up to $10,000: lower the rate one-quarter percent
(0.25%) if you cash-out 2,500 points, or lower it one-half percent
Copyright Oak Tree Business Systems Inc, 2011.
(0.50%) for 5,000 points.
All Rights Reserved.
OTBS 016 VISA - Variable LAFD (6/11)
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