Please keep this Addendum as it is incorporated into and becomes a part of your LOANLINER® Open-End Plan. 

SAFE	Federal	Credit	Union	Visa	Low-Rate	Credit	Card	Disclosures	
EFFECTIVE	JANUARY	1,	2016	

Interest	Rates	and	Interest	Charges		

ANNUAL	PERCENTAGE	
RATE	(APR)		for	
Purchases	

APR	for	Balance	
Transfers	

	Introductory	Rate	for	First	12-Months	a	new	account	is	opened	

0%1
On	the	first	day,	after	12-billing	cycles	from	account	opening,	your	APR	will	revert	to	
your	approved	rate,	which	will	vary	with	the	market	based	on	the	Wall	Street	
Journal	prime	rate.	Rates	range	from	8.24%-18.00%*	based	on	credit	worthiness	
and	prime	rate.	
1.99%2
On	the	first	day,	after	12-billing	cycles	from	account	opening,	your	APR	will	revert	to	
your	approved	rate,	which	will	vary	with	the	market	based	on	the	Wall	Street	
Journal	prime	rate.	Rates	range	from	8.24%-18.00%*	based	on	credit	worthiness	
and	prime	rate.	

	Introductory	Rate	for	First	12-Months	a	new	account	is	opened	

APR	for	Cash	Advances		

8.24%-18.00%*	
This	APR	will	vary	with	the	market	based	on	the	Wall	Street	Journal	prime	rate	and	
is	based	on	credit	worthiness	at	the	time	of	account	opening.	

Penalty	APR	and	When	
It	Applies	

18.00%	
	This	APR	may	be	applied	to	your	account	if	you:		

(1)  	Make	a	Late	Payment	
(2)  Go	Over	Your	Credit	Limit	
(3)  Make	a	Payment	that	is	Returned;	or	
(4)  Do	any	of	the	above	on	Another	Account	You	have	with	Us.	

How	Long	will	the	Penalty	APR	Apply?	If	your	APRs	are	increased	for	any	of	these	
reasons,	the	Penalty	APR	will	apply	until	you	make	six	consecutive	minimum	
payments	when	due;	and	you	do	not	again	default	on	these	conditions	during	this	
time.		

Paying	Interest		

Your	due	date	is	at	least	25-days	after	the	close	of	each	billing	cycle.	We	will	not	
charge	you	any	interest	on	purchases	or	cash	advances	if	you	pay	your	entire	
balance	by	the	due	date	each	month.		

Minimum	Interest	
Payment	

For	Credit	Card	Tips	
from	the	Consumer	
Financial	Protection	
Bureau	

Fees		

If	you	are	charged	interest,	the	charge	will	be	no	less	than	$.01.		

To	learn	more	about	factors	to	consider	when	applying	for	or	using	a	credit	card,	
visit	the	website	of	the	Consumer	Financial	Protection	Bureau	at:	
http://consumerfinance.gov/learnmore	

Annual	Fee	

None	

SEE	PAGE	TWO	FOR	MORE	IMPORTANT	INFORMATION	ABOUT	YOUR	ACCOUNT	

 
 
	
	
	
	
	
Please keep this Addendum as it is incorporated into and becomes a part of your LOANLINER® Open-End Plan. 

Transaction	Fees	

Balance	Transfer	Fee:		2%	of	each	advance	with	$10	minimum																																																																	
Express	Card	Fee:	$25.00																																													Receipt	Copy:	$2.00	per	receipt	
Lost	or	Stolen	Card	Replacement:	$15																						Statements:	$2.00	per	statement	
Cash	Advance	Fee:			2%	of	each	advance	with	$10	minimum																									
Foreign	Transaction	Fee	:	1.0%	of	each	international	transaction	in	US	Dollars																	
Research	Fee:	$10	per	hour	(2	hour	minimum)									Pay	by	Phone:	$5.00	

Penalty	Fees	

Late	Payment	Fee:	up	to	$38		applied	on	any	portion	past	due	3	days	after	due	date	
Over-the-Credit	Limit	Fee:	$0	
Returned	Payment	Fee:	$	25	

*Annual	Percentage	Rate	(APR)	applicable	to	your	account	is	determined	by	your	credit	worthiness	based	on	your	Equifax	Beacon	Score	at	the	
time	of	application.	The	Annual	Percentage	Rate	(APR)	includes	only	interest	and	no	other	costs. Changes	in	prime	rate	will	cause	
changes	in	the	APR	as	of	the	first	day	of	your	Account's	billing	cycle	following	an	Index	change.	In	no	case	shall	any	APR	be	less	
than	7.99	%	or	higher	than	18.00%	regardless	of	the	applicable	index	and	margin,	unless	specifically	applicable	laws	and/or	
regulations	require	we	use	a	lower	APR.		

Monthly 
Periodic 
Rate 
0.6659% – 
1.5000%* 

Annual 
Percentage 
Rate* 
7.99% - 
18.00%* 

0.000000% 

0.00%1 

Minimum 
Payment 

  Monthly 
Periodic 
Rate 

Tier 

Annual 
Percentage 
Rate* 

Minimum 
Payment 

2.0% of 
balance or 
$25 
minimum 

2.00% of 
balance or 
$25 
minimum 

  Shaded boxes represent promotional rates for the first 
12 months of newly opened accounts 

  0.005452 

1.99%2 

2.0% of 
balance or 
$25 
minimum 

1Introductory	rate	offered	on	purchases	for	the	first	12	billing	cycles	a	new	account	is	open.	
2Introductory	rate	offered	on	balance	transfers	for	the	first	12	billing	cycles	a	new	account	is	open.		
	1	&	2	Beginning	on	the	first	day	of	the	12	billing	cycles	after	the	account	has	been	open,	purchases	and	cash	
advances	will	be	subject	to	the	approved	interest	rate	and	any	changes	based	on	Wall	Street	Journal	prime	
disclosed	at	account	opening.		

How	we	will	calculate	Your	Balance:	We	will	use	a	method	called	“average	daily	balance	(including	new	
purchases”).	See	your	account	agreement	for	more	details.	

Billing	Rights:	Information	on	your	rights	to	dispute	transactions	and	how	to	exercise	those	rights	is	provided	in	
your	account	agreement.		

Security	Interest:	The	credit	union	will	acquire	a	security	interest	in	the	property	purchased	with	your	credit	
card;	and	collateral	securing	other	loans	with	us	may	also	secure	this	account.	Also,	you	are	giving	us	a	security	
interest	in	all	individual	and	joint	share	and/or	deposits	accounts	you	have	with	us	now	or	in	the	future.	

The	information	about	the	costs	of	the	card	described	in	this	application	is	accurate	as	of	08/01/15.		This	
information	may	have	changed	after	that	date.	To	find	out	what	may	have	changed,	call	800-763-8600	or	803-
469-8600,	visit	SAFEFED.ORG,	or	write	SAFE	Federal	Credit	Union,	P.	O.	Box	2008,	Sumter,	SC	29151-2008. 

01/16 

 
	
 
	
	
	
	
	
	
	
CREDIT CARD AGREEMENT 
AND DISCLOSURES VISA 
 LOW-RATE CARDS 

THIS IS YOUR AGREEMENT AND DISCLOSURE 
STATEMENT WITH SAFE FEDERAL CREDIT 
UNION.  PLEASE READ IT CAREFULLY AND 
KEEP IT FOR YOUR RECORDS.  IT SUPERSEDES 
ALL PRIOR AGREEMENTS AND DISCLOSURE 
STATEMENTS RELATING TO YOUR ACCOUNT.  
YOU DO NOT HAVE TO SIGN THIS AGREEMENT.  
YOUR AGREEMENT TO ALL OF THESE 
PROVISIONS, AS AMENDED FROM TIME TO TIME 
INCLUDING THE CARD ISSUED BY US, WILL BE 
SHOWN BY YOUR APPLICATION FOR THE CARD, 
YOUR ACCEPTANCE OF THE CARD, OR YOUR 
USE OF THE CARD, WHICHEVER OCCURS FIRST. 

1. Definitions Used to Understand Your 
Agreement with Us: In this Agreement, the word 
"Card" means either one or more VISA credit cards 
and any duplicates, renewals or substitutions we 
issue.  The words, "you," "your," and "yours" mean all 
cardholders (borrowers and co-borrowers); anyone 
any cardholder permits to use the Card(s); as well as 
any authorized user for whom an additional Card(s) is 
issued to the extent of their purchases and cash 
advances, as well as transactions by anyone they 
permit to use the Card(s).  The word "cardholder" 
means any applicant or co-applicant to whom a Card 
is issued by us.  The words "Credit Union," "we," "us," 
and "our" mean SAFE Federal Credit Union.  The 
words "Convenience Checks" mean one or more 
checks that we may send to you to access your Credit 
Card Account.  The words “Balance Transfer” and 
“Balance Consolidation” means the use of your Account 
for a loan obtained by a transfer of funds initiated at your 
request. “Average Daily Balance” means the applicable 
APR divided by 365. “Applicable Law” shall include: “(i) 
Visa U.S.A. Inc. Bylaws, Visa U.S.A. Inc. Operating 
Regulations, Visa U.S.A. Inc. Certificate of 
Incorporation, Visa International Bylaws, and Visa 
International Operating Regulations; and (ii) any and 
all laws, treaties, rules, regulations, or regulatory 
guidance of the government of the United States, any 
state thereof, or of any applicable foreign government 
or state thereof, as the same may be amended and in 
effect from time to time. 

2. Your Pledge of Shares and Security Interest for 

Your Loan Advances:  

BY SIGNING AN APPLICATION, ACCEPTANCE OR 
AUTHORIZED USE OF ANY CREDIT CARDS, YOU 
GRANT AND PLEDGE A CONSENSUAL LIEN TO 
US ON ALL SHARES TO SECURE PAYMENT OF 
YOUR OBLIGATIONS ON THIS ACCOUNT.  IN 
ADDITION, YOU ACKNOWLEDGE OUR 

STATUTORY LIEN RIGHTS UNDER THE FEDERAL 
CREDIT UNION ACT; YOU AGREE THAT SUCH A 
LIEN IS IMPRESSED AS OF THE DATE THAT THIS 
ACCOUNT IS OPENED; AND YOU AGREE THAT 
WE CAN APPLY THE SHARES PLEDGED AT THE 
TIME OF ANY DEFAULT ON THIS ACCOUNT 
WITHOUT FURTHER NOTICE. “Shares” for the 
purpose of your pledge to secure your obligations 
to the Credit Union means all deposits in any 
share savings, share draft, club, certificate, 
P.O.D., revocable trust or custodial account(s), 
whether jointly or individually held -- regardless of 
contributions, that you have on deposit now or in 
the future.  Your pledge does not include any 
I.R.A., Keogh, tax escrow, irrevocable trust or 
fiduciary account in which you do not have a 
vested ownership interest. 

SECURITY AGREEMENT:  “Non-Purchase-Money 
Security Interests” Payments on your Account are 
secured by any security interest in any property 
securing your other obligations to the Credit Union, 
whether existing now or in the future, except your 
household goods and your primary residence. 
“Purchase-Money Security Interests” You hereby 
grant Credit Union security interest in all property 
purchased/acquired by you or any authorized user 
pursuant to the use of this Account, including a 
purchase-money security interest in any household 
goods purchased/acquired with an extension of credit 
upon this Account.   These Purchase-Money Security 
Interests shall secure faithful performance of all 
obligations arising under this Agreement; and the 
Credit Union shall have all of the rights of a secured 
party in accordance with Article Nine of the Uniform 
Commercial Code and/or other applicable law. 

3. How to Use this Account: You must sign the Card 
in order to use it. You can purchase or lease goods 
and services ("Purchases") from any merchant who 
honors your Card up to your maximum credit limit by 
presenting your Card and signing a sales slip or 
writing a Convenience Check for the amount of the 
Purchase. You may also use the Card to obtain cash 
loans ("Cash Advances") up to your maximum credit 
limit from financial institutions that accept the VISA 
credit card, Balance Transfers to other creditors, and 
by use of preprinted Convenience Checks that the 
Credit Union may issue to you. You agree not to 
present your Card, obtain a Cash Advance, Balance 
Transfer, or write a Convenience Check for any 
extension of credit in excess of your available Credit 
Limit (the difference between your outstanding 
balance and your maximum credit limit) on your 
account. Cash advance, convenience checks, and 
balance transfers may not be used to pay off any 
debt owed to SAFE Federal Credit Union. Certain 
purchases and cash advances require authorization 
prior to completion of the transaction.  In some cases, 
you may be asked to provide identification.  If our 
system is not working, we may not be able to 
authorize a transaction, even though you have 

Page 1 of 9 

 
 
 
 
 
 
 
 
sufficient credit available.  Also, for security reasons, 
we may block the use of your Card in certain 
countries or geographic areas.  We will have no 
liability to you or others if any of these events occur. 

You authorize us to honor any Purchase or Cash Ad-
vance you make by telephone or mail on this account. 
 You agree that a signature is not necessary as iden-
tification in such cases.  We reserve the right to 
refuse to honor any request for credit, to reduce your 
credit limit or terminate your account at any time using 
our sole discretion, based on changes in the 
economy, the Credit Union's financial condition, your 
creditworthiness or for any other reason not prohibited 
by law. 

4. ATM Access:  If you have received a personal 
identification number (PIN), you may use your Card 
and PIN to obtain Cash Advances at any Automatic 
Teller Machine ("ATM") that accepts your Card.  Your 
PIN is confidential and should not be disclosed to 
anyone.  You agree not to write your PIN on your 
Card, you will not keep your Card and PIN together, 
and you will not provide your PIN to anyone who is 
not an authorized user.  Except as otherwise provided 
in this agreement, advances through ATM access will 
be treated as Cash Advances under this Agreement.  
Advances at authorized ATM's are limited to a total of 
$510.00 during any 24-hour period.  The total of all 
cash advances on your Visa Account and any 
withdrawals from your other accounts through an 
ATM in any 24-hour period may be combined for the 
purpose of this limitation.  Although we do not charge 
a fee for this service, others may. Owners of ATMs 
that we do not own may charge fees in addition to 
any fees disclosed in this Agreement.   This is not 
a fee charged by your Credit Union; however, any 
such fee will be added to your account. The party 
charging the fee is required to provide 
appropriate disclosures to you with regard to any 
such fees. 

5. Your Maximum Credit Limit: Your Maximum 
Credit Limit will appear on the folder in which you 
receive your Card and on your monthly statement. At 
our discretion, we may change your credit limit at any 
time, and may provide separate limits for purchases 
and for cash advances.  We will notify you if we do, 
either by mail or through your monthly billing 
statement. You may request a change to your credit 
limit by contacting the Credit Union by telephone or 
mail.  Your continued use of the card will show your 
agreement to any such increase.  If you object to an 
increase in your credit limit, you must notify Credit 
Union in writing.  Upon receipt of such notice, your 
credit limit will be reduced to its prior limit; however, 
you will be responsible to pay any amounts by which 
you have exceeded the reduced limit.  You agree to 
pay any amounts you owe that exceed your maximum 
credit balance upon demand. You agree we are not 
obligated to extend to you credit for any amount that 
would cause your outstanding balance to exceed your 

Maximum Credit Limit, or for any amount if your 
outstanding balance already exceeds your Maximum 
Credit Limit. Any increase in your Maximum Credit 
Limit requested by you will require you to make a 
written application for our approval. In assessing your 
credit limit under the provisions in this Section (either 
at our discretion or upon request): (a) we may and 
you authorize us to review your credit history, 
including consumer credit reports; (b) you authorize 
us to have this review made by third parties to 
determine whether you meet the criteria we have set 
for such an increase; and (c) this process shall not be 
pre-screening under the Fair Credit Reporting Act or 
other applicable laws or regulations based on our 
existing relationship and this Agreement. 

Credit balances in excess of $1.00 will be refunded to 
you by mailing a check to the address to which 
statements are provided payable to the order of any 
cardholder or as a deposit to your primary savings 
account.  You agree that the Maximum Credit Limit 
will at no time exceed the agreed upon amount, and 
that any credit balance will not be available or 
increase the Maximum Credit Limit available for new 
purchases or cash advances during any billing cycle. 

7. General Terms Governing Your Payments: You 
will be jointly and severally liable and agree to pay the 
Credit Union for all charges  (purchases, cash 
advances, finance charges, and other charges added 
to your Account under the terms of this or any other 
agreements with us) extended to you or anyone else 
using any Card issued for your account, unless the 
use of such Card is by a person other than you, who 
does not have actual, implied or apparent authority 
for such use and from which you receive no benefit.  
Authority includes, but is not limited to, any 
authorized users permitting another person to use 
any Card(s).  Further, all user’s are obligated to us for 
all charges they make, authorize or permit. The Credit 
Union can accept late or partial payments as well as 
payments that are marked with "paid in full" or other 
restrictive endorsements, without losing any of our 
rights under this Agreement. You must pay the Credit 
Union in U.S. dollars drawn on funds on deposit in the 
United States.  The Credit Union will determine the 
method of applying payments and credits to your 
account, which will in all respect comply with any 
specific requirements of applicable laws.  If you make 
a payment on this account utilizing a check, you authorize 
us either to use the information from your check to make a 
one-time electronic fund transfer from your 
checking/deposit account or to process the payment as a 
check transaction.  When we use information from your 
check to make an electronic transfer fund, funds may be 
withdrawn from another financial account possibly the 
same day you make your payment, and you will not 
receive your check back from your financial institution.  For 
inquiries, or to opt out of one-time electronic fund transfers, 
please contact us at 1-800-763-8600.  

Page 2 of 9 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unless  otherwise required by specifically applicable 
laws, for  payments received by mail by 5:00 PM EST, 
you will receive credit that day; and for payments 
made in any other manner, including in person, your 
account will be credited the day payment is received. 
Please allow at least even (7) days for the U.S. Postal 
Service to deliver your payment. 

To protect you and us, the Credit Union, in its sole 
discretion, may place a temporary freeze on all or 
part of the credit available to you for new 
purchases or cash advances under this 
agreement any time the Credit Union receives a 
large payment ($1,000.00 or more), by a method 
other than cash, certified funds or electronic 
transfer.  In such cases, the Credit Union may 
freeze your credit line until payment is actually 
collected by us. 

Maximum Fees During the First Year: During the 
first year after the credit card is opened the total fees 
charged to your credit card will not exceed 25% of the 
credit limit in effect when the account is opened. This 
limit does not apply to late payment fees, over-limit 
fees or returned payment fees or other fees the 
consumer is not required to pay with respect to the 
account such as an expedited payment for making a 
payment by phone. However, the limit does apply to 
cash advance fees, balance transfer fees and foreign 
transaction fees. 

8. Minimum Payment Due: You can pay off your 
account balance in full each month or you can pay in 
monthly installments.  If you do not pay your balance 
in full, you agree to pay at least a minimum payment 
of 2% of your New Balance (rounded to the nearest 
whole dollar) or $25.00, whichever is greater at the 
end of each statement period.   If the New Balance 
shown on your periodic statement is $25.00 or less, 
you agree to pay this amount.  Unless the Credit 
Union takes other action as a result of a default under 
this Agreement, the Minimum Payment Due will also 
include any amount that is past due and any amount 
by which your new balance exceeds your credit limit.  
Payment Allocation: Subject to any mandatory provisions 
of applicable law we will apply your minimum payment to 
previously billed unpaid finance charges; late charges and 
similar charges; balance with the lowest interest rate; Cash 
Advances and Purchases.  You must pay the minimum 
payment on or before due date each month, but you may 
pay more with all off the excess payment being applied to 
highest APR balances. You must pay at least the 
minimum payment each month, but you may pay 
more than that amount at any time without a penalty.  
The sooner you pay your new balance, the less you 
will have to pay in finance charges. The "Payment 
Due Date" will be shown on your periodic statement. 
Grace Period For Repayment Of The Balance For 
Purchases and Cash Advances: Grace period for 
repayment of the balance for purchases and cash 

advances is 25 days from the close of the billing 
cycle. See your statement for billing cycle date. 

9. Returns and Adjustments Regarding Your 
Transaction with Merchants: Merchants and others 
who honor your Card may give credit for returns or 
adjustments, and they will do so by sending the Credit 
Union a credit slip which will be posted to your 
Account.  If your credits and payments exceed what 
you owe the Credit Union, the amount will be applied 
against future purchases and cash advances.  If the 
credit balance amount is $1.00 or more, it will be 
refunded upon your written request. Credit balances 
under $25 will automatically be refunded within six 
months. Credit balances over $25 will be refunded 
automatically each month after statement cycle 
closing.  

10. Additional Charges for Transactions in a 
Foreign Currency and “Cross-Border” 
Transactions. Currency Conversion Fee: If you 
effect or authorize a transaction with your access 
device in a currency other than US Dollars, VISA will 
convert the charge into a US Dollar amount. The 
VISA currency conversion procedure includes use of 
either a government mandated exchange rate, or a 
wholesale exchange rate selected by VISA, as 
applicable. The exchange rate VISA uses will be a 
rate in effect on the day the transaction is processed. 
This rate may differ from the rate in effect on the date 
of the purchase or the date the transaction was 
posted to your account. A Currency Conversion Fee 
of up to 1% will be applied to transactions that are 
converted from foreign currencies to U.S. dollars. 
Cross-Border Transaction Fee: In addition, VISA 
charges us a Cross-Border Assessment up to 1% on 
each transaction on all cross border transactions 
regardless of whether there is a currency conversion. 
For purposes of this Section, “cross-border 
transaction” shall include both (a) transactions 
initiated in a foreign country which are subsequently 
settled in the United States, and (b) transactions 
initiated in the United States but which are ultimately 
settled in a country outside of the United States. The 
Credit Union will assess these fees to you to 
reimburse it for the fee it is required to pay for each of 
your transactions subject to these terms. The Cross-
Border transaction fee will be shown separately on 
your periodic billing statement. The Currency 
Conversion Fee, if it applies to the transaction, will be 
included in the transaction amount posted on your 
statement. 

11. Finance Charges: WILL BE IMPOSED IN THE 
FOLLOWING MANNER AND WILL BE IN AMOUNTS 
NOT IN EXCESS OF THOSE PERMITTED BY LAW: 

(a) PURCHASES: (1) No finance charge will be 
imposed during the next billing cycle (defined as the 
time interval between regular monthly billing 
statement dates) if you pay the entire new balance 
shown on the current periodic statement and we 

Page 3 of 9 

 
 
 
 
 
 
 
 
 
 
receive your payment on or before the payment due 
date shown on the statement. (2) In all other cases, a 
finance charge will be imposed based on the average 
daily balance of all purchases and debit adjustments, 
hereafter referred to as purchases. The average daily 
balance is the sum of all outstanding purchases, 
which is determined by including new purchases and 
deducting payments or credits and excluding any 
unpaid finance charge for your Account on each day 
of the billing cycle divided by the number of days in 
the billing cycle. A purchase appearing on the periodic 
statement is considered a part of the outstanding 
balance from the transaction date. (3) The amount of 
the finance charge is calculated by multiplying the 
average daily balance for purchases by the monthly 
periodic rate. The monthly periodic rate is the yearly 
interest rate divided by 12. 

(b) CASH ADVANCES: (1) No finance charge will be 
imposed during the next billing cycle (defined as the 
time interval between regular monthly billing 
statement dates) if you pay the entire new balance 
shown on the current periodic statement and we 
receive your payment on or before the payment due 
date shown on the statement (2) In all other cases, a 
finance charge will be imposed on the average daily 
balance of cash advances, which is the sum of the 
cash advances (determined by including new cash 
advances and deducting any payments or credits and 
excluding any unpaid finance charge) outstanding 
each day during the billing cycle, divided by the 
number of days in the billing cycle. A cash advance 
appearing on the periodic statement is considered a 
part of the outstanding balance from the transaction 
date. (3) The amount of finance charge is calculated 
by multiplying the average daily balance for cash 
advances by the monthly periodic rate. The monthly 
periodic rate is the yearly interest rate divided by 12. 

12. “Promotional Rate” Finance Charges:  From 
time to time and in our sole discretion we may offer a 
special rate applicable to certain transactions such as 
particular purchases (as defined by us), balance 
transfers, cash advances or purchases made by using 
Convenience Checks.  Applicable terms and 
conditions will be disclosed at the time any such 
promotion is offered, and are incorporated into this 
Agreement by reference.  The promotional rate will 
apply only to the transactions and for the period of 
time set forth in any such offer from us.  Existing 
balances and new purchases or advances not 
expressly subject to any such promotion will remain 
governed by the terms and conditions of this 
Agreement.  In addition, the terms and conditions of 
this Agreement will govern your obligations regarding 
any unpaid balance or transactions that are made 
subject to any such promotional offer, that are not 
fully paid within the time period set forth in such 
promotional offer. 

13. Interest Rate Adjustment (Default Rate) The 
Credit Union will adjust the interest rate on your 
account whenever your account is 60 days past due.  
We will change your interest rate to a fixed rate of 
18% ANNUAL PERCENTAGE RATE (or less in the 
Credit Union’s discretion) which is a monthly periodic 
rate of 1.50%, on the first day of the billing cycle 
following the cycle that was 60 days past due.  After 
six (6) consecutive billing cycles of your account 
being paid pursuant to the terms of your agreements 
with the Credit Union, we will change the interest rate 
to the rate on your account prior to the penalty rate, 
which will become effective on the first day of the 
billing cycle following the sixth consecutive billing 
cycle. 

14. Monthly Statement.  We will send you a monthly 
billing statement whenever there is activity on your 
account.  Your monthly statement will show an 
itemized list of current charges (Purchases and Cash 
Advances) and Convenience Check transactions to 
your account, your new balance, any Finance 
Charges, the minimum payment due, and the 
payment due date.  In addition, it will show your 
current credit limit, payments, and credits, a summary 
showing your Purchases and Cash Advances, the 
merchant, electronic terminal or financial institution at 
which transactions were made, as well as other 
information concerning your account.  Sales, Cash 
Advance, credit or other slips cannot be returned with 
any statement.  You will retain a copy of such slip 
furnished at the time of the transaction in order to 
verify your monthly statement. E-Statements: If 
provided electronically, you will be sent a notice via e-
mail that will direct you to a site we maintain or cause 
to be maintained where you may access, review, print 
and otherwise copy / download your periodic 
statements using procedures that we authorize. E-
mails from us will be sent to the e-mail address 
provided by any owner.  

15. Additional Benefits/Card Enhancements: The 
Credit Union may from time to time offer additional 
services to your Account, such as travel accident 
insurance, purchase rewards or rebates at no 
additional cost to you.  You understand that the Credit 
Union is not obligated to continue or to offer such 
services and may withdraw or change them at any 
time. If these benefits are withdrawn prior to any 
accrued use by you, the Credit Union will have no 
obligation to provide the benefit or enhancement, or 
any other compensation or consideration.  

16. Merchant Disputes:  The Credit Union is not 
responsible for the refusal of my merchant or financial 
institution to honor your Card except as set forth in 
the Special Rules for Credit Card Purchases set forth 
at the end of this Agreement.   

17. Late Payment Fee. Credit Union will charge your 
account a late payment fee up to $27.00 for the first 
billing period in which your minimum payment is not 

Page 4 of 9 

 
 
 
 
 
 
 
 
 
received within three (3) days of your payment due 
date. The credit union will charge you a fee up to $38 
for any additional late payments within six (6) months 
of the first late fee. This fee may be added to your 
account balance, or collected from you on demand. 

19. Returned Payment or Insufficient Funds Fee. 
Credit Union will charge your account a $25.00 fee if 
your payment by any method, including check, 
electronic transfer, home banking transaction or 
otherwise, is not honored, collected by us,  or if we 
must return it to you because it cannot be processed 
for any reason.  This fee may be added to your 
account balance, or collected from you on demand. 

20. Charge for Copies, Research and Card 
Replacement: If you ask for a copy of any document, 
such as a sales slip, Convenience Check, or billing 
statement, a charge of $10.00 per hour may be 
imposed for the time it takes to research and locate 
the document, with a two hour minimum.  In addition, 
a copying fee of $2.00 per copy will be imposed.  
However, no charge will be imposed in connection 
with any actual or asserted billing error.  We will 
charge a $15.00 fee to replace a lost card. 

23. Your Responsibility and Liability for 
Unauthorized Use and Lost or Stolen Cards or 
Convenience Checks: If your Card or Convenience 
Checks are lost or stolen, or if you are afraid 
someone used or may use them without your 
permission, you must notify the Credit Union at once 
by calling 1-800-449-7728.  If notice is given orally, 
you will promptly confirm it in writing.  The Credit 
Union may require you to provide us certain 
information in writing to help us investigate any 
unauthorized use.  Further, you agree to cooperate 
and assist us or any government or law enforcement 
agent or agency in investigating, collecting or 
pursuing any other rights (civil and criminal) relating to 
any unauthorized use.  In this regard, you agree to file 
an appropriate police report when asked to do so.  Do 
not use the Card or the Convenience Checks after 
you have notified the Credit Union, even if you find 
them or have them returned to you.   

You are liable for all transactions that you authorize.  
No Liability: You will have no liability for unauthorized 
use of your Card, Convenience Checks or other 
Access Devices for non-ATM transactions made over 
the VISA Network if the following conditions are met: 
(1) You have not been grossly negligent; and (2) You 
have not committed, participated in or conspired to 
commit any fraudulent act or scheme involving the 
use of your VISA credit card account.   Limited 
Liability:  For transactions on other networks or ATM 
transactions, you may be liable for unauthorized 
transactions using your Card, Convenience Checks or 
other Access Devices that occur before we are 
notified.  However, your liability for unauthorized use 

on networks other than VISA will not exceed $50.00.  
In any case, you will not be liable for any 
unauthorized use after notifying us of the loss, theft or 
unauthorized use of your Card, Convenience Checks 
or other Access Devices. 

24. Our Liability for Failure to Complete 
Transactions: If we do not complete a transaction 
pursuant to any request, and/or in the correct amount, 
we may be liable for your losses or damages. 
However, there are some exceptions. We will not be 
liable, for instance:  

• 

• 

• 

• 

• 

• 

• 

• 

• 

if through no fault of ours, you do not have 
adequate funds available on your Card to 
complete the transfer;  
if circumstances beyond our control (such as 
fire, flood, terrorist attack, national 
emergency, or computer or communication 
failure) prevent the completion of the 
transaction, despite reasonable precautions 
we have taken;  
if access to your Card has been blocked 
after you reported your Card lost or stolen;  
if there is a hold on your Card for any 
reason;  
if your funds are subject to legal process or 
other encumbrance restricting their use;  
if your transfer authorization terminates by 
operation of law;  
if a computer system or mobile device was 
not working properly and you knew about the 
problem when you initiated the transaction;  
if we have reason to believe that the 
requested transaction is not authorized; or  
as otherwise provided in this Agreement.  

25. What the Credit Union may do if You do not 
meet You Obligations under this Agreement 
(“Default”):  You will be in default if: (a) you fail to 
pay the Minimum Payment Due by the Payment Due 
Date; (b) the Credit Union, in its sole discretion, feels 
insecure (For example:  Our good faith belief that your 
ability to pay your account is impaired; use of your 
account in any manner or in any way that may expose 
the Credit Union to a risk of loss; etc.); (c) your ability 
to repay is materially reduced by a change in your 
employment, by an increase in your obligations, by 
bankruptcy or insolvency proceedings involving you, 
by your death, or (for community property state 
residents only) by a change in marital status or 
domicile; (d) you exceed your credit limit without our 
permission; (e) you have made a false or misleading 
statement to us in your application or otherwise; (f) 
you are in default under any other agreement with us; 
(g) if you use or authorize the use of any Card(s) to 
make or facilitate any illegal transaction; or (h) you fail 
to perform any of your other obligations under the 
terms of this Agreement as it may be amended from 
time to time.  Upon default we may close your 
Account to future purchases and advances and, to the 
extent not prohibited by Governing Law, demand 

Page 5 of 9 

 
 
 
 
 
 
 
 
 
 
immediate payment of your entire Account balance, 
after giving you any notice and opportunity to cure the 
default if required by applicable law.  The Credit 
Union's sole obligation hereunder with regard to 
determining and declaring an event of default is the 
exercise of "good faith," based on its subjective 
understanding of applicable facts. We shall also have 
the right to close your account and terminate access 
privileges where your account is inactive for such 
periods of time as we may from time-to-time 
determine to be appropriate for protecting both our 
and your interests.   

26. When You may be Responsible for Legal and 
Other Costs: You agree to pay all costs incurred by 
the Credit Union in collecting any amounts you owe or 
in enforcing or protecting the Credit Union's rights 
under this Agreement, including attorneys' fees of 
20% of the unpaid balance or such greater sum as 
may be reasonable, and also those costs, expenses 
and attorneys' fees incurred in any appellate, 
bankruptcy and post-judgment proceedings, except 
as limited or prohibited by applicable law. 

27. Updating and Disclosing Financial 
Information: We may report your performance under 
this Agreement to credit reporting agencies and 
secure follow-up credit reports on you for any 
legitimate business reason, including if you fail to 
make your minimum payments on time.  We can 
reinvestigate and reevaluate any information you 
provide on your Visa Application at any time, and in 
the course of doing so, we may ask you to provide 
additional information, request credit bureau reports 
and/or otherwise verify your current credit standing. 
Access to Account Information: You agree that all 
borrowers and authorized users will have access to 
information regarding transactions on your account, 
including but not limited to purchases and cash 
advances, account balances, account history, 
payments and other information relating to or arising 
with regard to this account or any transaction.  

Change of Name, Address or Employment. You 
will notify immediately the Credit Union in writing if 
your name, home address, or employment changes. 

28. Correcting the Credit Union's Credit Report: If 
you think the Credit Union reported erroneous infor-
mation about you to a credit reporting agency, call the 
Credit Union at the telephone number listed on your 
monthly billing statement.  Credit Union will promptly 
investigate the matter. Credit Union will contact each 
credit reporting agency whose records may reflect an 
error.  Credit Union will require them to correct your 
report if its investigation decides that you were 
correct.  If Credit Union disagrees with you after the 
investigation, Credit Union will advise you, in writing 
or by phone, and instruct you how to submit to those 
agencies a statement of your position that will 
become a part of your credit record with them.  The 
instructions will include the name, address, and 

phone number of each such agency, along with other 
pertinent information. 

29. When Your Account may be Closed and 
Effects of Account Closing:  Any individual 
cardholder without the consent of other cardholders 
may close your Account at any time by notifying us in 
writing as indicated in this Agreement.  Credit Union 
may close your account or suspend your Card 
privileges or Convenience Checks at any time without 
prior notice.  Credit Union may also reissue a different 
Card or different checks at any time.  You must return 
the Card or the Convenience Checks to the Credit 
Union upon request.  You agree that the Card and all 
Convenience Checks remain the property of Credit 
Union.  Each Card we issue will have an expiration 
date.  Upon expiration of your Card your account will 
automatically terminate; or the Credit Union, in its sole 
discretion, may extend your Agreement and issue a 
new card with a new expiration date.  If you account is 
closed, expires or your credit privileges are 
terminated or suspended, you will remain responsible 
for paying all amounts you owe us according to the 
terms of this Agreement. Without limiting the 
foregoing, the Credit Union has the right to terminate 
your line of credit or any part of the services provided 
pursuant to this Agreement and to demand the return 
of all cards, access checks and other access devices 
if the Credit Union, in its sole discretion, feels that it is 
insecure for any reason whatsoever; including but not 
limited to mismanagement of your account, failing to 
safeguard any access device, creation of any credit 
balances by you that may increase the risk of loss or 
exposure of the Credit Union or failing to cooperate 
with the Credit Union or others with regard to any 
claim of unauthorized use or any other defense to 
payment under applicable law. 

30. Changing This Agreement:  The Credit Union 
may change the terms of this Agreement, including 
the Annual Percentage Rate, at any time.  Except 
where limited by applicable law, the new terms, 
including, but not limited to, increasing the finance 
charge or the way the Credit Union calculates finance 
charges, late charges, and the minimum payment 
due, will apply both to new purchases and cash 
advances and to the existing outstanding balance of 
your account as of the day of the change.  In 
accordance with applicable law, the Credit Union will 
notify you of any increased charge or change by 
writing to you at the most recent address shown for 
you on the Credit Union's records. 

31. The Effect of any Delay in Enforcement or 
Waiver:  The Credit Union may delay or waive 
enforcement of any of the provisions of this 
Agreement, including any agreement to make timely 
payments, without losing its right to enforce the same 
provision later or any other provisions of this 
Agreement.  You waive the right to receive notice of 
any waiver or delay or presentment, demand, protest 
or dishonor.  You also waive any applicable statute of 

Page 6 of 9 

 
 
 
 
 
 
 
 
limitations to the full extent permitted by law and any 
right you may otherwise have to require the Credit 
Union to proceed against any person before suing 
you to collect.  You understand that the Credit Union 
will not be liable for a merchant's or other parties' 
refusal to honor your Card whether due to an error by 
the Credit Union, the merchant, the Credit Union's 
authorized agent, or other third party. 

32. Additional Terms of Agreement: To the extent 
not prohibited by applicable law, the terms, 
interpretation and enforcement of any claim or dispute 
arising under this Agreement, as well as all parties’ 
rights and duties, will be governed by South Carolina 
State law regardless where you may reside or use 
your account.  Further, this Agreement is the contract 
which governs all transactions on your Account even 
though sales, cash advances, credit or other slips 
may contain different terms.  

You may not transfer or assign your account or Card 
to any other person. The Credit Union may assign or 
transfer this Account, your Account balance, or this 
Agreement to another person, who will have all of our 
rights hereunder. This Agreement is binding on your 
heirs and legal representatives.  If there are joint 
obligors or authorized users for this credit plan, each 
of you will have the right to use the Account to obtain 
loans pursuant to the terms hereof. Any one obligor’s 
elections, transactions and directions to the Credit 
Union shall be binding upon all obligors. Each of you 
will be liable for all obligations owing on the Account 
whether borrowed by you or otherwise and whether 
within or beyond the credit limit.  Your liability will be 
joint and several.  Either party has the right to cancel 
this Agreement. Further each of you is responsible for 
all amounts borrowed by any authorized user(s).  
Authorized users and other users may also be 
required to repay the amount owed for charges they 
make; however, you remain, at all times, primarily 
responsible for all amounts owed. All Cards, billing 
statements and notices will be mailed or delivered to 
the address given on the application for either 
applicant unless you direct otherwise in writing. If any 
law or judicial ruling makes any part, provision, 
sentence or section of this Agreement unenforceable, 
the remainder will continue in full force and effect.   

33. Credit Insurance: If you elect insurance, as set 
forth in your application, then the charges will be 
added to your Account balance on each billing cycle, 
if your insurance application is approved.  Credit 
insurance is voluntary and not required to obtain a 
credit card account with us.  You have a right to 
terminate this insurance at anytime by notifying us in 
writing. Note: Maximum age for Life Insurance will 
terminate in the month of your 70th birth date. 
Maximum age for Credit Disability will terminate in the 
month of your 66th birth date. 

34. Electronic Payment Options: If you request 
recurring electronic payment options (Automated 

Clearing House (ACH), Pay by Phone, e-check, etc.), 
all Minimum Payments due will automatically be 
deducted from your designated account on your 
Payment Due Date.  If your designated account does 
not contain sufficient funds, no automatic deduction 
will be made; we will bill you for the Minimum 
Payment Due; and your account will be charged a 
$25.00 insufficient funds fee and you will be 
responsible for making the payment by some other 
means. 

35. Compliance with Applicable Laws and 
Prohibition of Illegal Transactions: You warrant 
and agree that you will at all times comply with all 
Applicable Laws; and that your card and services are 
at all times subject to Applicable Laws. Further, you 
agree and warrant that your Credit Card, other access 
device or any related account will not be used to 
make or facilitate any illegal transaction(s) as 
determined by applicable law; and that any such use, 
including any such authorized use, will constitute an 
event of default under this Agreement.  Certain 
federal and/or state laws or Card Service Providers’ 
Rules may limit or prohibit certain transactions such 
as (but not limited to) those coded as possible 
gambling transactions. The Credit Union may decline 
to accept, process or pay any transaction that we 
believe to be illegal or unenforceable (regarding your 
obligation to pay us or otherwise) under applicable 
law; or which is otherwise limited or prohibited, 
including but not limited to any transaction involving or 
relating to any gambling activity. Such prohibition or 
limitations may affect some otherwise proper or 
allowable transactions such as charges incurred at a 
hotel-casino. You understand and agree such 
limitations/prohibitions are not within the Credit 
Union’s control and that the Credit Union will not have 
any liability, responsibility or culpability whatsoever for 
any such use by you or any authorized user(s); or for 
declining to accept, process, or pay any such 
transaction.  You further agree to indemnify and hold 
the Credit Union harmless from any suits, liability, 
damages or adverse action of any kind that results 
directly or indirectly from any such use of your 
account and/or access devices. 

36. SKIP PAYMENT OPTION:  At our option, we may 
offer you the opportunity to not make ("skip") a 
minimum payment during certain designated billing 
cycles ("skip payment period").  If you do not make 
your minimum payments as provided in this 
Agreement, during such designated billing cycles, you 
understand that we will continue to apply finance 
charges to your account. Beginning with the billing 
cycle following an allowed skip payment period, all 
other provisions of this Agreement will apply.  

OUR BILLING RIGHTS STATEMENT 
KEEP THIS NOTICE FOR FUTURE USE 

Page 7 of 9 

 
 
 
 
 
 
 
 
 
 
 
 
This Notice contains important information about your 
rights and our responsibilities under the Fair Credit 
Billing Act.  

NOTIFY US IN CASE OF ERRORS OR QUESTIONS 
ABOUT YOUR STATEMENT / BILLING AT: 

SAFE Federal Credit Union 
Post Office Box 31112 
Tampa, FL 33631-3112 

If you think your statement is wrong, or if you need 
more information about a transaction on your 
statement, you must write to us on a separate sheet 
of paper to the address listed in your periodic 
statement. You should write to us as soon as 
possible. We must hear from you no later than 60 
days after we sent you the first statement on which 
the error or problem appeared. You can telephone us, 
but doing so will not preserve your rights. In your 
letter, you should 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 SAFE FCU savings or checking 
account, you can stop payment on any amount you think is 
wrong. To stop the payment, your letter must reach us 3 
business days before the automatic payment is scheduled 
to occur. 

YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER 
WE RECEIVE YOUR WRITTEN NOTICE: 

We must acknowledge your letter within 30 days, unless we 
have corrected the error by then. Within 90 days, we must 
either correct the error or explain why we believe the bill 
was correct. 

After we receive your letter, we cannot try to collect any 
amount you question, or report you as delinquent. We can 
continue to bill you for the amount you question, including 
FINANCE CHARGES, and we can apply any unpaid 
amount against your credit limit. You do not have to pay 
any questioned amount while we are investigating, but you 
are still obligated to pay the parts of the bill that are not in 
question. 

If we find that we made a mistake on your statement, you 
will not have to pay the FINANCE CHARGES related to any 
questioned amount. If we didn’t make a mistake, you may 
have to pay FINANCES 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 us and the date that it is due. 

If you fail to pay the amount we think you owe us, we may 
report you as delinquent. However, if our explanation does 
not satisfy you and you write us within 10 days telling us 
that you still refuse to pay, we must tell anyone we report 
you to that you have a question about your statement. 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 you and 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 the statement 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: 

1. 

2. 

3. 

You must have made the purchases in your 
home state or, if not within your home state, 
within 100 miles of your current mailing 
address; and  
The purchase 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. 

If you feel that you need Counseling or Debt Management 
services, please contact Consumer Credit Counseling 
Service toll free at 1-866-685-6322 or visit them on the 
web at www.cccsinc.org. You may also visit 
www.frbatlanta.org for a list of Counseling and Debt 
Management Services. 

CONTACT INFORMATION –  
24 Hour Cardholder Service: 
Call: 1-855-556-1963 

To Report a Lost or Stolen VISA® Card After 
Hours 
Call: 1-800-449-77278 Outside the US 727-299-
2449(Collect) 

SAFE Federal Credit Union VISA Department: 
PO Box 2008 
Sumter, SC 29151-2008 
(803)469-8600 
Toll Free 1-800-763-8600 

Payment Address: 
PO Box 71050  
Charlotte, NC 28272-1050 

To Close the Account: (SEND WRITTEN NOTICE) 
SAFE Federal Credit Union 
P.O. Box 2008 
Sumter, SC 29151-2008 

Page 8 of 9 

 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Direct All Other Reports, Requests and 
Inquiries to: 

PO Box 2008 
Sumter, SC 29151-2008 
(803) 469-8600 
1-800-763-8600 

Page 9 of 9