CREDIT CARD ACCOUNT AGREEMENT
Credit Union of
AND FEDERAL DISCLOSURE STATEMENT
Southern California
THIS IS YOUR CREDIT CARD ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL
P.O. Box 200
Whittier, CA 90608-0200
TRUTH-IN-LENDING DISCLOSURE STATEMENTS, VISA PLATINUM REWARDS AND SECURED VISA
(562) 698-8326
FAX (562) 698-2783
PLATINUM REWARDS AGREEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE
OF YOUR VISA PLATINUM REWARDS AND SECURED VISA PLATINUM REWARDS CREDIT CARDS,
www.cusocal.org
AND/OR ANY OTHER ACCOUNT ACCESS DEVICE. PLEASE BE CERTAIN TO READ THIS
AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
VISA Platinum Rewards:
% Introductory APR for 12 months.
For Purchases
After that, Your APR will be
%. This APR may vary with the market based
on the Prime Rate.
Secured VISA Platinum Rewards:
% Introductory APR for 12 months.
After that, Your APR will be
%. This APR may vary with the market based
on the Prime Rate.
APR For Balance Transfers
VISA Platinum Rewards:
% Introductory APR for 12 months from the date of
each transfer.
After that, Your APR will be
%. This APR may vary with the market based on the
Prime Rate.
Secured VISA Platinum Rewards:
% Introductory APR for 12 months from the date
of each transfer.
After that, Your APR will be
%. This APR may vary with the market based on the
Prime Rate.
APR For Cash Advances
VISA Platinum Rewards:
%
This APR may vary with the market based on the Prime Rate.
Secured VISA Platinum Rewards:
%
This APR may vary with the market based on the Prime Rate.
Penalty APR and When
19.90%
it Applies
This APR may be applied to Your Account if:
1) You make a late payment
How Long Will The Penalty APR Apply? If Your APRs are increased for this reason, the
Penalty APR applied to transactions that occur after the increase may be applied indefinitely.
For transactions that occurred prior to the effective date of the increase, the increase will apply
indefinitely unless 6 consecutive payments are received on or before the due date during the
six-month period following such increase.
Paying Interest
Your due date is at least 25 days after the close of each billing cycle. We will not charge You
interest on purchases if You pay Your entire balance owed by the due date each month. We
will begin charging interest on balance transfers and cash advances on the transaction date.
Minimum Interest Charge
If You are charged interest, the charge will be no less than $0.50.
For Credit Card Tips from the
To learn more about factors to consider when applying for or using a Credit Card,
Consumer Financial Protection
visit the website of the Consumer Financial Protection Bureau at
Bureau
http://www.consumerfinance.gov/learnmore.
Fees
Transaction Fees
Cash Advance
2.00% of each advance
Foreign Transaction
1.00% of each foreign currency transaction in U.S. Dollars.
0.80% of each U.S. Dollar transaction that occurs in a foreign country.
Please refer to TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2019. All Rights Reserved.
Page of 4
OTBS 016CC FRB_Web CUSC (7/19)
Fees (continued)
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $10.00
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.
Please refer to PAGE 1 for more important information about Your Account
DEFINITIONS. In this Agreement, the reference to "We," "Us," "Our" and "Credit Union" mean CREDIT UNION OF SOUTHERN CALIFORNIA. The words "You" and "Your"
mean each person accepting this Agreement. If this is a joint Account, read singular pronouns in the plural. The words "Card" and "Credit Card" mean any VISA Platinum
Rewards or Secured VISA Platinum Rewards Credit Card issued to You by Us and any duplicates or renewals. The word "Account" means the VISA Platinum Rewards or
Secured VISA Platinum Rewards Credit Card Account established for You under this Agreement. "Convenience Check" means the special Account access devices that
We may provide for Your use from time to time. If this is a joint Account, read singular pronouns in the plural.
PROMISE TO PAY. You understand that the following terms and conditions constitute Our Agreement with You. You may request advances on Your Account through a variety
of means which could include (but may not be limited to) telephonic requests, Convenience Checks, Credit Cards and the like. Regardless of the means by which any advance
is made, You promise to pay Us all amounts charged to Your Account by You or by any user who has access to Your Account, with actual, apparent or implied authority for
use of Your Account, including Finance Charges and other fees or charges described herein.
Variable Rate
Monthly
ANNUAL
Card Type
Index
Margin
Periodic Rate
PERCENTAGE RATE
VISA Platinum Rewards
Secured VISA Platinum Rewards
USE OF YOUR CARD. You may use Your Card to buy goods and services in any
MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You need only
place that it is honored and to get cash advances at participating financial institutions.
pay the Minimum Monthly Payments, You understand that You have the right to repay
You agree not to use Your Card for illegal transactions including, but not limited to,
at any time without penalty. You also understand that You will only be charged periodic
advances made for the purpose of gambling and/or wagering where such practices
Finance Charges to the date You repay Your entire balance. You may make larger
are in violation of applicable state and/or federal law.
payments without penalty. Any partial payment or prepayment will not delay Your next
scheduled payment. All payments to Us must be in lawful money of the United States.
SECURITY. Collateral (other than household goods or any dwelling) given as security
We may apply each payment to whichever Card type We wish. Except as required by
under any other loan You may have with Us will secure all amounts You owe Us now
law, We may apply payments at Our discretion. Any unpaid portion of the Finance
and in the future if that status is reflected in the "Truth-in-Lending Disclosure" in any
Charge will be paid by subsequent payments and will not be added to Your principal
particular Agreement evidencing such debt.
balance. You understand that any delay in the repayment of Your unpaid balance will
increase Your periodic Finance Charges and any acceleration in the repayment of Your
CONSENSUAL LIEN ON SHARES. You grant and consent to a lien on Your
unpaid balance will decrease Your periodic Finance Charges.
shares with Us (except for IRA and Keogh accounts) and any dividends due
or to become due to You from Us to the extent You owe on any unpaid Credit
Minimum Payments will be an amount equal to 3.00% of Your new unpaid balance at
Card balance.
the end of each billing cycle, subject to the lesser of $25.00 or Your balance, plus any
portion of the Minimum Payments shown on prior statement(s) which remains unpaid,
ACCOUNT RESTRICTIONS. In order to receive and maintain a Secured VISA
plus any amount that exceeds Your approved Credit Limit.
Platinum Rewards Credit Card, You agree to give Us a specific pledge of shares which
will equal 105.00% of Your approved Credit Limit. In the event that You default on
You may, by separate agreement, authorize Us to charge Your payment directly to
Your Secured VISA Platinum Rewards Credit Card, We may apply these shares
Your share or share draft account.
toward the repayment of any amount owed on such Credit Card. You may cancel Your
Secured VISA Platinum Rewards Credit Card at any time by paying any amounts
FINANCE CHARGES. In the case of any transactions under Your Account, the
owed on such Card. To be certain that Your entire balance and all advances are paid,
balances subject to the periodic Finance Charge are the average daily transactions
any shares pledged may not be available to You for 30 days after You have cancelled
balances outstanding during the month (including new transactions).
and any outstanding balance is paid in full.
To get the average daily balance for purchases, We take the beginning balance of
LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for which
purchases on Your Account each day, add any new purchases, debit adjustments or
You are approved. Unless You are in default, the Credit Limits established for You will
other charges and subtract any payments, credits and unpaid Finance Charges. This
generally be self-replenishing as You make payments. Your approved Credit Limit for
gives Us the daily balance for purchases. Then, We add up all these daily balances
cash advances will be a sum equal to 30.00% of Your approved total Credit Limit.
for the billing cycle and divide them by the number of days in the billing cycle. The
result is the average daily balance for purchases. The Finance Charge for a billing
You will keep Your unpaid balance within Your Credit Limit(s) set by Us, and You will
cycle is then computed by multiplying the average daily balance subject to a Finance
pay any amount over Your Credit Limit(s) on Our demand whether or not We authorize
Charge by the Monthly Periodic Rate. Your due date is at least 25 days after the close
the advances which caused You to exceed Your Credit Limit(s). Even if Your unpaid
of each billing cycle. You can avoid Finance Charges on purchases by paying the full
balance is less than Your Credit Limit(s), You will have no credit available during any
amount of the entire balance owed each month by the due date. Otherwise, the new
time that any aspect of Your Account is in default.
balance of purchases, and subsequent purchases from the date they are posted to
Your Account, will be subject to a Finance Charge.
JOINT ACCOUNTS. Each Borrower will be responsible, jointly and severally, for
the repayment of any amounts owed. If any Account access device, such as a
To get the average daily balance for balance transfers, We take the beginning balance
Personal Identification Number (PIN) is requested and approved, You understand
of balance transfers on Your Account each day, add any new balance transfers, debit
that any such Account access device(s) will be provided telephonically, and only to
adjustments or other charges and subtract any payments, credits and unpaid Finance
the primary Borrower. We may refuse to follow any instructions which run counter
Charges. This gives Us the daily balance for balance transfers. Then, We add up
all
to this provision.
these daily balances for the billing cycle and divide them by the number of days in the
Copyright Oak Tree Business Systems, Inc., 2019. All Rights Reserved.
Page 2 of 4
OTBS 016CC CUSC (7/19)
billing cycle. The result is the average daily balance for balance transfers. The Finance
For all balances, increases or decreases in the Interest Rate will cause like increases
Charge for a billing cycle is then computed by multiplying the average daily balance
or decreases in the Finance Charge and will affect the number of Your regularly
subject to a Finance Charge by the Monthly Periodic Rate. Balance transfers are
scheduled payments. Your Interest Rate will never be greater than 19.90%, and will
always subject to a Finance Charge from the later of the date they are posted to Your
apply to Your remaining principal balance.
Account or from the first day of the billing cycle in which the balance transfer is posted
to Your Account.
LATE CHARGE. If Your payment is 14 or more days late, You will be charged the
lesser of: (a) $10.00; or (b) the amount of the required minimum payment.
To get the average daily balance for cash advances, We take the beginning balance
of cash advances on Your Account each day, add any new cash advances, debit
FOREIGN TRANSACTIONS. For transactions initiated in foreign countries and
adjustments or other charges and subtract any payments, credits and unpaid
foreign currencies, the exchange rate between the transaction currency and the billing
Finance Charges. This gives Us the daily balance for cash advances. Then, We
currency (U.S. dollars) will be: (a) a rate selected by VISA from the range of rates
add up all these daily balances for the billing cycle and divide them by the number
available in wholesale currency markets for the applicable central processing date,
of days in the billing cycle. The result is the average daily balance for cash
which rate may vary from the rate VISA itself receives; or (b) the government-
advances. The Finance Charge for a billing cycle is then computed by multiplying
mandated rate in effect for the applicable central processing date. For transactions
the average daily balance subject to a Finance Charge by the Monthly Periodic
that are initiated in a foreign currency, You will be charged 1.00% of the final
Rate. Cash advances are always subject to a Finance Charge from the later of the
settlement amount. For transactions occurring in foreign countries and initiated in U.S.
date they are posted to Your Account or from the first day of the billing cycle in
Dollars, You will be charged 0.80% of the final settlement amount.
which the cash advance is posted to Your Account.
OTHER FEES AND CHARGES. You will be charged the following fees associated
The total Finance Charge You owe for each billing cycle is the sum of all the Finance
with the use of Your Card: (a) $25.00 or the required minimum payment amount for
Charges due for the balances of purchases, balance transfers and cash advances.
the returned payment, whichever is less, for any check (or other negotiable instrument
used for payment) which is returned unpaid; (b) $20.00 for each Card that You request
During the first 12 months following the date that You establish a VISA Platinum
be provided on an expedited basis; (c) $10.00 for each Convenience Check that You
Rewards Credit Card, purchases made prior to the end of the 60-day period that
request stop payment; (d) $10.00 for the removal of a stop payment previously placed
immediately follows the date that Your Account is established will be subject to a
on a Convenience Check; (e) $3.00 each time You request We furnish a duplicate
discounted Introductory Monthly Periodic Rate of
% (corresponding
copy of a statement; (f) $15.00 each time You request We furnish a copy of any sales
ANNUAL PERCENTAGE RATE
%). Upon the expiration of the
draft, voucher or similar document; (g) $25.00 each time a Convenience Check is
Introductory Rate period, the Monthly Periodic Rate applicable to Your entire balance
presented for payment (when there is insufficient available credit to pay such
of purchases existing at that time and in the future will immediately increase to the
Convenience Check), subject to a maximum of 3 such charges each calendar day;
non-Introductory variable rate that would otherwise apply.
and (h) an amount equal to 2.00% of each cash advance.
For VISA Platinum Rewards, each balance transfer transaction, whenever made, will
PERIODIC STATEMENTS. On a regular basis, You will receive a statement showing all
be subject to a discounted Introductory Monthly Periodic Rate of
%
transactions on Your Account including amounts paid and borrowed since Your last
(corresponding ANNUAL PERCENTAGE RATE
%)
for
a
period
of
one-year
statement. We will mail You a statement each month in which there is a debit or credit
from the date of such balance transfer. Upon the expiration of the one-year Introductory
balance or when a Finance Charge is imposed. We need not send You a statement if
Rate period for the transferred balance, the Monthly Periodic Rate applicable to the
We feel Your Account is uncollectible or if We have started collection proceedings
transferred balance existing at that time and in the future will immediately increase to
against You because You defaulted. EACH STATEMENT IS DEEMED TO BE A
the non-Introductory variable rate that would otherwise apply.
CORRECT STATEMENT OF ACCOUNT UNLESS YOU ESTABLISH A BILLING
ERROR PURSUANT TO THE FEDERAL TRUTH-IN-LENDING ACT.
During the first 12 months following the date that You establish a Secured VISA
Platinum Rewards Credit Card, purchases made prior to the end of the 60-day period
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under no
that immediately follows the date that Your Account is established will be subject to a
obligation to honor Your Convenience Checks if: (1) by paying a Convenience Check,
discounted Introductory Monthly Periodic Rate of
% (corresponding
You would exceed Your Credit Limit; (2) Your Cards or Convenience Checks have
ANNUAL PERCENTAGE RATE
%). Upon the expiration of the
been reported lost or stolen; (3) Your Account has been cancelled or has expired. If a
Introductory Rate period, the Monthly Periodic Rate applicable to Your entire balance
postdated Convenience Check is paid and, as a result, any other Convenience Check
of purchases existing at that time and in the future will immediately increase to the
is returned unpaid, We are not responsible for any resulting loss or liability.
non-Introductory variable rate that would otherwise apply.
DEFAULT. You will be in default if: (a) You do not make any payment or perform any
For Secured VISA Platinum Rewards, each balance transfer transaction, whenever
obligation under this Agreement, or any other agreement that You may have with Us; or
made, will be subject to a discounted Introductory Monthly Periodic Rate of
%
(b) You should die, become involved in any insolvency, receivership or custodial
(corresponding ANNUAL PERCENTAGE RATE
%) for a period of one-year from
proceeding brought by or against You; or (c) You have made a false or misleading
the date of such balance transfer. Upon the expiration of the one-year Introductory Rate
statement in Your credit application and/or in Your representations to Us while You owe
period for the transferred balance, the Monthly Periodic Rate applicable to the
money on Your Account; or (d) A judgment or tax lien should be filed against You or any
transferred balance existing at that time and in the future will immediately increase to the
attachment or garnishment should be issued against any of Your property or rights,
non-Introductory variable rate that would otherwise apply.
specifically including anyone starting an action or proceeding to seize any of Your funds
on deposit with Us; and/or (e) We should, in good faith, believe Your ability to repay Your
The minimum FINANCE CHARGE that You will be required to pay in any billing cycle
indebtedness hereunder is or soon will be impaired, time being of the very essence.
that a Finance Charge is due is $0.50.
Upon any occurrence of default, We may, to the extent permitted by law, cancel Your
VARIABLE RATE. For purchases, following the expiration of the Introductory Rate
rights under this Agreement, require the return of all access devices and declare the
period, balances are subject to a Variable Rate which is based on the highest Prime
entire balance of every Feature Category of Your Account immediately due and
Rate as published in the money rates section of The Wall Street Journal in effect on
payable, without prior notice or demand.
the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index
plus the Margin equals the Interest Rate. Changes in the Index will cause changes in
PENALTY RATE. If Your payment is more than 60 days past due, subject to
the Interest Rate on the day that the Introductory Rate period expires, and
applicable law, the Monthly Periodic Rate applicable to Your entire balance of
subsequently, on the first day of the billing cycle of the month immediately following any
transactions will increase to a fixed Monthly Periodic Rate of 1.6584% (corresponding
such change in the Index.
ANNUAL PERCENTAGE RATE 19.90%). During the six month period following such
an increase, if We receive the first six consecutive required minimum periodic
For balance transfers, following the expiration of the Introductory Rate period applicable
payments when due, the rate applicable to the balance of transactions that occurred
to the transferred balance, such balance is subject to a Variable Rate which is based
prior to the effective date of the increase will be returned to the standard rate that
on the highest Prime Rate as published in the money rates section of The Wall Street
would have otherwise been in effect.
Journal in effect on the last day of each calendar quarter of each year ("Index") plus
Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index
COLLECTION COSTS. In the event collection efforts are required to obtain payment
will cause changes in the Interest Rate on the day that the Introductory Rate period for
on this Account, to the extent permitted by law, You agree to pay all court costs,
the transferred balance expires, and subsequently, on the first day of the billing cycle
private process server fees, investigation fees or other costs incurred in collection and
of the month immediately following any such change in the Index.
reasonable attorneys' fees incurred in the course of collecting any amounts owed
under this Agreement or in the recovery of any Collateral.
For cash advances, balances are subject to a Variable Rate which is based on the
highest Prime Rate as published in the money rates section of The Wall Street Journal
ENFORCEMENT. We do not lose Our rights under this or any related agreement if
in effect on the last day of each calendar quarter of each year ("Index") plus Our Margin.
We delay enforcing them. We can accept late payments, partial payments or any other
The Index plus the Margin equals the Interest Rate. Changes in the Index will cause
payments, even if they are marked "paid in full" without losing any of Our rights under
changes in the Interest Rate on the first day of the billing cycle of the month immediately
this Agreement. If any provision of this or any related agreement is determined to be
following any such change in the Index.
unenforceable or invalid, all other provisions remain in full force and effect.
Copyright Oak Tree Business Systems, Inc., 2019. All Rights Reserved.
Page 3 of 4
OTBS 016CC FRB_Web CUSC (7/19)
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You move or
What To Do If You Find A Mistake On Your Statement
otherwise have a change of address.
If You think there is an error on Your statement, write to Us at P.O. Box 200, Whittier,
CHANGE IN TERMS. We may change the terms of this Agreement by mailing or
CA 90608-0200. In Your letter, give Us the following information:
delivering to You written notice of the changes as prescribed by the Federal Truth-In-
Lending Act. To the extent permitted by law, the right to change the terms of this
Account information: Your name and Account number.
Agreement includes, but is not limited to, the right to change the periodic rate
Dollar amount: The dollar amount of the suspected error.
applicable to Your unpaid balance and/or future advances.
Description of problem: If You think there is an error on Your bill, describe what
You believe is wrong and why You believe it is a mistake.
INTEGRATED DOCUMENTS. Any separate sheet of paper labeled "Additional Disclosure
Federal Truth-In-Lending Act," which is delivered together with this Agreement or at a
You must contact Us:
later date becomes an integrated part of this Agreement And Disclosure.
Within 60 days after the error appeared on Your statement.
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this Agreement.
At least 3 business days before an automated payment is scheduled, if You want
By signing the application; or by using Your Account or any Account access device;
to stop payment on the amount You think is wrong.
or by authorizing another to use Your Account, You agree to and accept its terms.
You must notify Us of any potential errors in writing. You may call Us, but if You do
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts
We are not required to investigate any potential errors and You may have to pay the
to update information contained in Your original Account application or other financial
amount in question.
information related to You, at Our request. You also agree that We may, from time to
time, as We deem necessary, make inquiries pertaining to Your employment, credit
What Will Happen After We Receive Your Letter
standing and financial responsibility in accordance with applicable laws and
regulations. You further agree that We may give information about the status and
When We receive Your letter, We must do two things:
payment history of Your Account to consumer credit reporting agencies, a prospective
employer or insurer, or a state or federal licensing agency having any apparent
1)
Within 30 days of receiving Your letter, We must tell You that We received Your
legitimate business need for such information.
letter. We will also tell You if We have already corrected the error.
2)
Within 90 days of receiving Your letter, We must either correct the error or
TERMINATION. Either You or We may cancel Your Account at any time, whether or
explain to You why We believe the bill is correct.
not You are in default. You will, in any case, remain liable to pay any unpaid balances
according to the terms of Your Account.
While We investigate whether or not there has been an error:
OWNERSHIP. Your Card remains Our property and may be cancelled by Us at any
We cannot try to collect the amount in question, or report You as delinquent on
time without notice. You agree to surrender Your Card and to discontinue its use
that amount.
immediately upon Our request.
The charge in question may remain on Your statement, and We may continue
to charge You interest on that amount.
ISSUANCE OF A PERSONAL IDENTIFICATION NUMBER. A Personal Identification
While You do not have to pay the amount in question, You are responsible for
Number (PIN) can be obtained for use with participating Automated Teller Machines
the remainder of Your balance.
(ATMs). This PIN is confidential and should not be disclosed to anyone. You may use
We can apply any unpaid amount against Your Credit Limit.
Your PIN 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
After We finish Our investigation, one of two things will happen:
Transfer, the terms and conditions of Your Electronic Fund Transfer Agreement may
also affect Your rights.
If We made a mistake: You will not have to pay the amount in question or any
interest or other fees related to that amount.
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or other
If
We do not believe there was a mistake: You will have to pay the amount
slips You may sign or receive when using Your Card contain terms, this Agreement is
in question, along with applicable interest and fees. We will send You a
the contract which solely applies to all transactions involving the Card.
statement of the amount You owe and the date payment is due. We may
then report You as delinquent if You do not pay the amount We think
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your Card. You
You owe.
will not be liable for the unauthorized use that occurs after You notify Us of the loss, theft,
or possible unauthorized use by calling Us at (866) 287-6225, or by writing to Us at P.O.
If You receive Our explanation but still believe Your bill is wrong, You must write to Us
Box 200, Whittier, CA 90608-0200. In any case, Your liability will not exceed $50.00.
within 10 days telling Us that You still refuse to pay. If You do so, We cannot report
You as delinquent without also reporting that You are questioning Your bill. We must
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable for
tell You the name of anyone to whom We reported You as delinquent, and We must
the refusal or inability of merchants, financial institutions and others to accept the Cards
let those organizations know when the matter has been settled between Us. If We do
or Convenience Checks, or electronic terminals to honor the Cards or complete a Card
not follow all of the rules above, You do not have to pay the first $50.00 of the amount
withdrawal, or for their retention of the Cards or Convenience Checks.
You question even if Your bill is correct.
TRANSACTION SLIPS. Your monthly statement will identify that merchant, electronic
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
terminal or financial institution at which transactions were made, but sales, cash
advance, credit or other slips cannot be returned with the statement.
If You are dissatisfied with the goods or services that You have purchased with Your
Credit Card, and You have tried in good faith to correct the problem with the merchant,
LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit Cards
You may have the right not to pay the remaining amount due on the purchase. To use
or Convenience Checks, You will immediately call Us during regular business hours
this right, all of the following must be true:
at (562) 698-8326 or (866) 287-6225, and after hours, on weekends and holidays, at
556-5678. You may also write to Us at P.O. Box 200, Whittier, CA 90608-0200
1)
The purchase must have been made in Your home state or within 100 miles of
to report lost or stolen Credit Cards or Convenience Checks.
Your current mailing address, and the purchase price must have been more than
$50.00. (Note: Neither of these are necessary if Your purchase was based on
CREDITS. If a merchant who honors Your Card gives You credit for returns or
an advertisement We mailed to You, or if We own the company that sold You
adjustments, they will do so by sending Us a slip which will be posted to Your Account.
the goods or services.)
If Your credits and payments exceed what You owe Us, We will hold and apply this credit
2)
You must have used Your Credit Card for the purchase. Purchases made with
against future purchases and cash advances, or if it is $1.00 or more refund it on Your
cash advances from an ATM or with a check that accesses Your Credit Card
written request or automatically deposit it to Your share account after 6 months.
account do not qualify.
3)
You must not yet have fully paid for the purchase.
GOVERNING LAW. This Agreement is controlled and governed by the laws of the
State of California, except to the extent that such laws are inconsistent with controlling
If
all of the criteria above are met and You are still dissatisfied with the purchase,
federal law.
contact Us in writing at P.O. Box 200, Whittier, CA 90608-0200.
Your Billing Rights: Keep this Document for Future Use
While We investigate, the same rules apply to the disputed amount as discussed
above. After We finish Our investigation, We will tell You Our decision. At that
This notice tells You about Your rights and Our responsibilities under the Fair
point, if We think You owe an amount and You do not pay, We may report You
Credit Billing Act.
as delinquent.
Copyright Oak Tree Business Systems, Inc., 2019. All Rights Reserved.
Page 4 of 4
OTBS 016CC FRB_Web CUSC (7/19)
PRICING INFORMATION ADDENDUM -
Credit Union of
CREDIT CARD ACCOUNT AGREEMENT
Southern California
AND FEDERAL DISCLOSURE STATEMENT
P.O. Box 200
Whittier, CA 90608-0200
THIS IS YOUR CREDIT CARD ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL
(562) 698-8326
FAX (562) 698-2783
TRUTH-IN-LENDING DISCLOSURE STATEMENTS, VISA PLATINUM REWARDS AND SECURED VISA
www.cusocal.org
PLATINUM REWARDS AGREEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING THE USE
OF YOUR VISA PLATINUM REWARDS AND SECURED VISA PLATINUM REWARDS CREDIT CARDS,
AND/OR ANY OTHER ACCOUNT ACCESS DEVICE. PLEASE BE CERTAIN TO READ THIS
AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate (APR)
VISA Platinum Rewards:
1.99%
For Purchases
Introductory APR for 12 months.
After that, Your APR will be
10.90%
-
17.90%,
based on Your
creditworthiness at the time You establish Your Account. This APR will vary with the
market based on the Prime Rate.
Secured VISA Platinum Rewards:
1.99%
Introductory APR for 12 months.
After that, Your APR will be
16.90%
This APR will vary with the market based on the Prime Rate.
APR For Balance Transfers
VISA Platinum Rewards: 1.99% Introductory APR for 12 months from the date of
each transfer.
After that, Your APR will be 10.90% - 17.90%, based on Your creditworthiness at the
time You establish Your Account. This APR will vary with the market based on the
Prime Rate.
Secured VISA Platinum Rewards: 1.99% Introductory APR for 12 months from the date of
each transfer.
After that, Your APR will be 16.90%
This APR will vary with the market based on the Prime Rate.
APR For Cash Advances
VISA Platinum Rewards: 10.90% - 17.90%, based on Your creditworthiness.
This APR will vary with the market based on the Prime Rate.
Secured VISA Platinum Rewards: 16.90%
This APR will vary with the market based on the Prime Rate.
Penalty APR and When
19.90%
it Applies
This APR may be applied to Your Account if:
1) You make a late payment
How Long Will The Penalty APR Apply? If Your APRs are increased for this reason, the
Penalty APR applied to transactions that occur after the increase may be applied indefinitely.
For transactions that occurred prior to the effective date of the increase, the increase will apply
indefinitely unless 6 consecutive payments are received on or before the due date during the
six-month period following such increase.
Paying Interest
Your due date is at least 25 days after the close of each billing cycle. We will not charge You
interest on purchases if You pay Your entire balance owed by the due date each month. We
will begin charging interest on balance transfers and cash advances on the transaction date.
Minimum Interest Charge
If You are charged interest, the charge will be no less than $0.50.
Fees
Transaction Fees
Cash Advance
2.00% of each advance
Foreign Transaction
1.00% of each foreign currency transaction in U.S. Dollars.
0.80% of each U.S. Dollar transaction that occurs in a foreign country.
Please refer to TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2019. All Rights Reserved.
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OTBS 016ACC FRB_Web CUSC (7/19)
Fees (continued)
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $10.00
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.
Please refer to PAGE 1 for more important information about Your Account
FINANCE CHARGES. In the case of any transactions under Your Account, the balances subject to the periodic Finance Charge are the average daily transactions balances
outstanding during the month (including new transactions).
To get the average daily balance for purchases, We take the beginning balance of purchases on Your Account each day, add any new purchases, debit adjustments or other
charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for purchases. Then, We add up all these daily balances for the
billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for purchases. The Finance Charge for a billing cycle is then
computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Your due date is at least 25 days after the close of each billing
cycle. You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month by the due date. Otherwise, the new balance
of
purchases, and subsequent purchases from the date they are posted to Your Account, will be subject to a Finance Charge.
To get the average daily balance for balance transfers, We take the beginning balance of balance transfers on Your Account each day, add any new balance transfers,
debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for balance transfers. Then, We add
up all these daily balances for the billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for balance transfers.
The Finance Charge for a billing cycle is then computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Balance
transfers are always subject to a Finance Charge from the later of the date they are posted to Your Account or from the first day of the billing cycle in which the balance
transfer is posted to Your Account.
To get the average daily balance for cash advances, We take the beginning balance of cash advances on Your Account each day, add any new cash advances, debit
adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for cash advances. Then, We add up all these
daily balances for the billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for cash advances. The Finance Charge
for a billing cycle is then computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Cash advances are always subject to a
Finance Charge from the later of the date they are posted to Your Account or from the first day of the billing cycle in which the cash advance is posted to Your Account.
The total Finance Charge You owe for each billing cycle is the sum of all the Finance Charges due for the balances of purchases, balance transfers and cash advances.
During the first 12 months following the date that You establish a VISA Platinum Rewards Credit Card, purchases made prior to the end of the 60-day period that immediately
follows the date that Your Account is established will be subject to a discounted Introductory Monthly Periodic Rate of 0.1658% (corresponding ANNUAL PERCENTAGE RATE
1.99%). Upon the expiration of the Introductory Rate period, the Monthly Periodic Rate applicable to Your entire balance of purchases existing at that time and in the future will
immediately increase to the non-Introductory variable rate that would otherwise apply.
For VISA Platinum Rewards, each balance transfer transaction, whenever made, will be subject to a discounted Introductory Monthly Periodic Rate of 0.1658% (corresponding
ANNUAL PERCENTAGE RATE 1.99%) for a period of one year from the date of such balance transfer. Upon the expiration of the one-year Introductory Rate period for the
transferred balance, the Monthly Periodic Rate applicable to the transferred balance existing at that time and in the future will immediately increase to the non-Introductory variable
rate that would otherwise apply.
During the first 12 months following the date that You establish a Secured VISA Platinum Rewards Credit Card, purchases made prior to the end of the 60-day period that
immediately follows the date that Your Account is established will be subject to a discounted Introductory Monthly Periodic Rate of 0.1658% (corresponding ANNUAL
PERCENTAGE RATE 1.99%). Upon the expiration of the Introductory Rate period, the Monthly Periodic Rate applicable to Your entire balance of purchases existing at that
time and in the future will immediately increase to the non-Introductory variable rate that would otherwise apply.
For Secured VISA Platinum Rewards, each balance transfer transaction, whenever made, will be subject to a discounted Introductory Monthly Periodic Rate of 0.1658%
(corresponding ANNUAL PERCENTAGE RATE 1.99%) for a period of one year from the date of such balance transfer. Upon the expiration of the one-year Introductory Rate
period for the transferred balance, the Monthly Periodic Rate applicable to the transferred balance existing at that time and in the future will immediately increase to the non-
Introductory variable rate that would otherwise apply.
The minimum FINANCE CHARGE that You will be required to pay in any billing cycle that a Finance Charge is due is $0.50.
For VISA Platinum Rewards, all balances not subject to an introductory rate will be charged finances at a variable Monthly Periodic Rate of 0.9083% to 1.4917 (corresponding
ANNUAL PERCENTAGE RATE 10.90% - 17.90%), depending on Your creditworthiness.
For Secured VISA Platinum Rewards, all balances not subject to an introductory rate will be charged finances at a variable Monthly Periodic Rate of 1.4083 (corresponding
ANNUAL PERCENTAGE RATE 16.90%), depending on Your creditworthiness.
VARIABLE RATE. For purchases, following the expiration of the Introductory Rate period, balances are subject to a Variable Rate which is based on the highest Prime Rate as
published in the money rates section of The Wall Street Journal in effect on the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index plus
the
Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the day that the Introductory Rate period expires, and subsequently, on the first
day of the billing cycle of the month immediately following any such change in the Index.
For balance transfers, following the expiration of the Introductory Rate period applicable to the transferred balance, such balance is subject to a Variable Rate which is based on
the highest Prime Rate as published in the money rates section of The Wall Street Journal in effect on the last day of each calendar quarter of each year ("Index") plus Our Margin.
Copyright Oak Tree Business Systems, Inc., 2019. All Rights Reserved.
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OTBS 016ACC FRB_Web CUSC (7/19)
The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the day that the Introductory Rate period for the transferred
balance expires, and subsequently, on the first day of the billing cycle of the month immediately following any such change in the Index.
For cash advances, balances are subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street Journal in effect
on the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in
the Interest Rate on the first day of the billing cycle of the month immediately following any such change in the Index.
For all balances, increases or decreases in the Interest Rate will cause like increases or decreases in the Finance Charge and will affect the number of Your regularly scheduled
payments. Your Interest Rate will never be greater than 19.90%, and will apply to Your remaining principal balance.
For VISA Platinum Rewards, the Margin applicable to Your Account will be 5.65% - 12.65% depending on Your creditworthiness.
For Secured VISA Platinum Rewards, the Margin applicable to Your Account will be 11.65%.
Copyright Oak Tree Business Systems, Inc., 2019. All Rights Reserved.
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OTBS 016ACC FRB_Web CUSC (7/19)