Member Number 

2141 Downyflake Lane 
Allentown, PA 18103 
610.797.7440 
800.446.5598 
PeopleFirstCU.org 

CREDIT CARD ACCOUNT AGREEMENT  
AND FEDERAL DISCLOSURE STATEMENT 

THIS IS YOUR CREDIT LINE ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-
IN-LENDING  DISCLOSURE  STATEMENTS  AND  ANY SPECIAL  INSTRUCTIONS REGARDING  THE  USE 
OF ANY ACCOUNT ACCESS DEVICE. PLEASE READ THIS AGREEMENT CAREFULLY AND NOTIFY US 
AT ONCE IF ANY PARTS ARE UNCLEAR. 

Interest Rate and Interest Charges 

Annual Percentage Rate (APR) 
For Purchases 

VISA Platinum _______% Introductory APR for 6 months. 

After that, Your APR will be _______%. This APR will vary with the market based 
on the Prime Rate. 

VISA Platinum Rewards _______% Introductory APR for 6 months. 

After that, Your APR will be _______%. This APR will vary with the market based 
on the Prime Rate. 

VISA Platinum Secured _______% Introductory APR for 6 months. 

After that, Your APR will be _______%. This APR will vary with the market based 
on the Prime Rate. 

Annual Percentage Rate (APR) 
For Balance Transfers 

VISA Platinum ________% Introductory APR for 6 months. 

After that, Your APR will be ________%. This APR will vary with the market based on the 
Prime Rate. 

VISA Platinum Rewards ________% Introductory APR for 6 months. 

After that, Your APR will be ________%. This APR will vary with the market based on the 
Prime Rate. 

VISA Platinum Secured ________% Introductory APR for 6 months. 

After that, Your APR will be ________%. This APR will vary with the market based on the 
Prime Rate. 

Annual Percentage Rate (APR) 
For Cash Advance 

VISA Platinum ________% Introductory APR for 6 months. 

After that, Your APR will be ________%. This APR will vary with the market based on the 
Prime Rate. 

VISA Platinum Rewards ________% Introductory APR for 6 months. 

After that, Your APR will be ________%. This APR will vary with the market based on the 
Prime Rate. 

VISA Platinum Secured ________% Introductory APR for 6 months. 

After that, Your APR will be ________%. This APR will vary with the market based on the 
Prime Rate. 

Your due date is at least 27 days after the close of each billing cycle. We will not charge You 
interest on purchases if You pay Your entire balance owed each month by Your payment's 
due  date. We  will  begin  charging  interest  on  cash  advances  and  balance  transfers  on  the 
transaction date. 

Paying Interest 

For Credit Card Tips from 
the Consumer Financial 
Protection Bureau 

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://www.consumerfinance.gov/learnmore. 

SEE TOP OF PAGE 2 for more important information regarding Your Account 

Copyright Oak Tree Business Systems, Inc., 2015-2019. All Rights Reserved. 

Page 1 of 5   

          OTBS 016CC Intro FRB_Web PEOP (4/19) 

 
 
 
     
 
 
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fees  

Annual Fee 

Transaction Fees 

  Foreign Transaction Fee 

For VISA Platinum Secured, $20.00 

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. 

Penalty Fees 

  Returned Payment 
  Late Payment 

Up to $35.00 
Up to $35.00  

How We Will Calculate Your Balance: We use a method called "average daily balance (including new  purchases)." See Your 
Account Agreement for details. 

Billing  Rights:  Information  on  Your  rights  to  dispute  transactions  and  how  to  exercise  those  rights  is  provided  in  Your 
Account Agreement. 

SEE PAGE 1 for important information about Your Account 

DEFINITIONS. In this Agreement, the reference to "We," "Us," "Our" and "Credit Union" mean PEOPLE FIRST FEDERAL CREDIT UNION. The words "You" and "Your" mean 
each person who accepts this Agreement or uses the VISA Platinum, VISA Platinum Rewards or VISA Platinum Secured Credit Cards. "Account" means the VISA Platinum, 
VISA Platinum Rewards or VISA Platinum Secured Credit Card Account established for You. The words "Credit Card" or "Card" mean any VISA Platinum,  VISA Platinum 
Rewards or VISA Platinum Secured Credit Cards issued to You by Us and any duplicates and renewals. "Letter Checks" mean 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. 

Credit 
Card Type 

Variable Rate 

Index 

Margin 

Monthly 
Periodic 
Rate 

ANNUAL 
PERCENTAGE 
RATE 

VISA Platinum 

____________ 

____________ 

_______________% 

_______________% 

VISA Platinum Rewards 

____________ 

____________ 

_______________% 

_______________% 

VISA Platinum Secured 

____________ 

____________ 

_______________% 

_______________% 

Copyright Oak Tree Business Systems, Inc., 2015-2019. All Rights Reserved. 

Page 2 of 5   

          OTBS 016CC Intro FRB_Web PEOP (4/19) 

 
 
 
     
 
 
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PROMISE  TO  PAY.  Your  Account  may  be  accessible  through  a  variety  of  means 
which could  include advance  request forms, vouchers, checks, charge slips,  Credit 
Cards, Letter Checks and the like. Regardless of the access means, You promise to 
pay Us all amounts charged to Your Account by You or by any user who has 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. 

JOINT ACCOUNTS. Each Cardholder will be responsible, jointly and severally, for 
the repayment of amounts owed. You understand that any Card which is requested 
and approved, will be mailed only to the primary Cardholder at the address that We 
have on file for You . We may refuse to follow any instructions which run counter to 
this provision.  

OWNERSHIP. All access devices remain Our property and may be cancelled by Us 
at  any  time  without  notice. You agree  to surrender  any such  access device and to 
discontinue its use immediately upon Our request. 

USE OF YOUR CARD. You may use Your Card to buy goods and services in any 
place  that  it  is  honored  and  to  get  cash  advances  from  Us  or  another  financial 
institution. If You are issued a cash advance draft, it will be imprinted with Your Card 
and  You  will  receive  a  copy  of  the  draft.  You  agree  not  to  use  Your  Card  for 
transactions  involving  Internet  gambling  and/or  wagering  of  any  type  and/or  for 
transactions prohibited by state and/or federal law. 

ISSUANCE  OF  PERSONAL  IDENTIFICATION  NUMBER.  We  will  issue  You  a 
Personal Identification Number (PIN) for use with Your Card. This PIN is confidential 
and  should  not  be  disclosed  to  anyone.  You  may  use  Your  PIN  and  Your  Card  to 
access Your Account and all sums advanced will be added to Your Account balance. 
In the event a use of Your PIN constitutes an Electronic Fund Transfer, the terms and 
conditions of Your Electronic Fund Transfer Agreement may affect Your rights. 

LINE OF CREDIT LIMIT. If Your application for a Card is approved, You will be notified 
of Your specific Credit Limit for transactions made under Your Account. Unless You 
are  in  default,  the  Credit  Limit  established  for  You  will  be  self-replenishing  as  You 
make payments on Your Account. You will keep Your unpaid balance within the Credit 
Limit set by us, and You will pay any amount over Your Credit Limit on Our demand 
whether or not We authorize the advance which caused You to exceed Your Credit 
Limit. Even  if  Your  unpaid  balance  is less than  Your  Credit  Limit,  You will  have  no 
credit available during any time that any aspect of Your Account is in default.  

FINANCE CHARGES. In the case of any transactions on Your Account, the balances 
subject to the periodic Finance Charge are the average daily transactions balances 
outstanding  during  the  month  (including  new  transactions).  Separate  average  daily 
balances  are  calculated  for  purchases,  balance  transfers  and  cash  advances 
(including Letter Checks). 

To get the average daily balance for purchases, We take the beginning balance for 
purchases 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 the daily balances for purchases 
during the billing cycle and divide them by the number of days in the billing cycle. 
This  gives  Us  the  average  daily  transactions  balances  for  purchases.  To  get  the 
average  daily  balance  for  balance  transfers,  We  take  the  beginning  balance  for 
balance transfers 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 the daily 
balances  for  balance  transfers  during  the  billing  cycle  and  divide  them  by  the 
number  of  days  in  the  billing  cycle.  This  gives  Us  the  average  daily  transactions 
balances for balance transfers. To get the average daily balance for cash advances 
(including Letter Checks), We take the beginning balance for cash advances and 
Letter  Checks  each  day,  add  any  new  cash  advances  and  Letter  Checks,  debit 
adjustments  or  other  charges  and  subtract  any  payments,  credits  and  unpaid 
Finance  Charges.  This  gives  Us  the  daily  balance  for  cash  advances  (including 
Letter Checks). Then, We add up all the daily balances for cash advances (including 
Letter Checks) during the billing cycle and divide them by the number of days in the 
billing  cycle.  This  gives  Us  the  average  daily  transactions  balances  for  cash 
advances  (including  Letter  Checks).  The  Finance  Charge  for  a  billing  cycle  is 
computed by multiplying each of the average daily balances subject to a Finance 
Charge  by  the  applicable  Monthly  Periodic  Rate.  The  sum  of  these  separate 
Finance Charge calculations is the Finance Charge You owe for that billing cycle.  

Your payment due date is at least 27 days after the close of each billing cycle. You can 
avoid Finance Charges on purchases each month by paying the full amount of the entire 
balance owed by the payment due date reflected in Your periodic statement.          

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.  Balance 
Transfers  and  cash  advances  (including  Letter  Checks)  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. 

Transactions will accrue finance charges at an introductory Monthly Periodic Rate of 
_______________%  (corresponding  to  an  ANNUAL  PERCENTAGE  RATE  of 
_______________%)  through  the  first  6  billing  cycles  following  the  date  that  Your 
Account  is  established  (i.e.  6  months).  Upon  the  expiration  of  the  introductory  rate 
period, the entire balance of transactions existing at that time and in the future will be 
subject to the non-introductory Monthly Periodic Rate and its corresponding Annual 
Percentage Rate described elsewhere in this Agreement. 

VARIABLE RATE. All advances 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 business day of each calendar month ("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 that immediately 
follows any such change in the Index. 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 
18.00% and will apply to Your remaining principal balance. 

MINIMUM MONTHLY PAYMENT. Though You need only pay the Minimum Monthly 
Payments, You understand that You have the right to repay Your Account or make 
larger payments at any time without penalty. You will only be charged periodic Finance 
Charges to the date You repay Your entire Account balance. Any partial payment or 
prepayment  of  Your  Account  will  not  delay  Your  next  scheduled  payment.  All 
payments to Us must be in lawful money of the United States. Your Periodic Statement 
will include instructions on where to send Your Minimum Monthly Payment. Payments 
sent by You to an address other than that which appears on Your statement may be 
subject to  a delay  in crediting to  Your  Account  for  up to five  days  after We receive 
Your payment. 

Payments will be applied in the following order: (a) any Finance Charges due for Your 
balance for balance transfers; (b) any Finance Charges due for Your balance for cash 
advances; (c) any Finance Charges due for Your balance for purchases; (d) any Fees 
and Charges owing; (e) Your balance for balance transfers; (f) Your balance for cash 
advances;  and  then  to  (g)  Your  balance  for  purchases.  Any  amounts  received  in 
excess  of  Your  required  Minimum  Monthly  Payment  will  be  applied  as  required  by 
applicable law. 

Any  unpaid  portion  of  any  Finance  Charges  and  Late  Charges  will  be  paid  by 
subsequent payments and will not be added to the principal. You understand that any 
payment that delays the repayment of Your unpaid balance will increase Your Finance 
Charge and any payment that accelerates the reduction of Your unpaid balance will 
decrease Your Finance Charges. 

Minimum Monthly Payments will be an amount equal to 2.00% of Your unpaid Account 
balance; subject to the lesser of $10.00 or Your balance. In addition to the Minimum 
Monthly  Payment,  You  will  also  be  required  to  pay  any  prior  payments  due  which 
remain unpaid and any amounts which exceed Your Credit Limit. 

CONSENSUAL LIEN. As permitted by law, You grant and consent to a lien 
on  Your  shares  or  other  deposit  accounts  with  Us  (other  than  those 
deposits established under a governmental-approved tax deferral plan such 
as an IRA or Keogh account) and any dividends due or to become due to 
You from Us to the extent You owe on any unpaid Credit Card balance.  

OTHER  SECURITY.  Collateral  (other  than  household  goods  or  any  dwelling) 
given as security under this Agreement or for any other loan You may have with 
Us  will  secure  all  amounts  You  owe  Us  now  and  in  the  future  if  that  status  is 
reflected  in  the  "Truth-In-Lending  Disclosure"  in  any  particular  Agreement 
evidencing such debt.      

PERIODIC STATEMENT. On a regular basis, You will receive a statement showing 
all transactions on Your Account including amounts paid and borrowed since Your last 
statement. We will mail You a statement each billing cycle in which there is a debit or 
credit  balance  or  when  a  Finance  Charge  is  imposed.  We  need  not  send  You  a 
statement  if  We  feel  Your  Account  is  uncollectible  or  if  We  have  started  collection 
proceedings against You because You defaulted. Each statement is deemed to be a 
correct  statement  of  account  unless  You  establish  a  billing  error  pursuant  to  the 
Federal Truth-In-Lending Act. 

OUR  RESPONSIBILITIES  TO  HONOR  LETTER  CHECKS.  We  are  under  no 
obligation to honor Your  Letter  Checks  if:  (1) by paying  a Letter  Check,  You  would 
exceed Your Credit Limit; (2) Your Cards or Letter Checks have been reported lost or 
stolen; (3) Your Account has been cancelled or has expired; or (4) a Letter Check is 
used  for  payment  on  this  or  any  other  loan  Account  with  Us.  If  a  postdated  Letter 
Check is paid and, as a result, any other Letter Check is returned unpaid, We are not 
responsible for any resulting loss or liability. 

TRANSACTION SLIPS. Your periodic statement will identify the merchant, electronic 
terminal  or  financial  institution  at  which  transactions  were  made,  but  sales,  cash 
advances, credit or other slips will not be returned with the statement. You will retain 

Copyright Oak Tree Business Systems, Inc., 2015-2019. All Rights Reserved. 

Page 3 of 5   

          OTBS 016CC Intro FRB_Web PEOP (4/19) 

 
 
 
     
 
 
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
      
 
 
 
 
 
 
 
 
 
 
 
 
 
the copy of such slips furnished at the time of the transaction in order to verify Your 
monthly statement.  

CREDITS.  If  a  merchant  who  honors  Your  Card  gives  You  credit  for  returns  or 
adjustments, the merchant will do so by sending Us a slip which will be posted to Your 
Account. If Your credits and payments exceed what You owe Us, We will hold and 
apply this credit against future purchases and cash advances, or if it is $1.00 or more, 
refund  it  on  Your  written  request or  automatically  deposit  it  to  Your Share  Account 
after six months. 

LATE CHARGE. If Your payment is not received by the payment due date, You will be 
charged the lesser of: (a) the amount of the minimum payment due; or (b) $35.00. 

ANNUAL MEMBERSHIP FEE (VISA PLATINUM SECURED). You will be charged 
an  annual  membership  fee  in  an  amount  equal  to  $20.00  on  the  date  Your  VISA 
Platinum Secured Credit Card is established, and subsequently, on the anniversary 
date each year thereafter. The fee is required each year in order to continue credit 
availability, whether or not You have used Your Card throughout the year. 

OTHER  FEES  AND  CHARGES.  You  agree  to  pay  Us  the  following  fees  and 
charges associated with the use of Your Card which will be charged to Your Account 
as purchases: (a) the lesser of $35.00 or the required minimum payment amount 
for any check (or other negotiable instrument) used for payment on Your Account 
that is returned unpaid;  (b) $35.00 for any Letter Check on which You request Us 
to  stop  payment;  and  (c)  the  lesser  of  $35.00  or  the  face  amount  of  the  related 
Letter Check that We return unpaid as a result of Your Account being in default. 

DEFAULT. You will be in default if: (a) You do not make any payment or perform any 
obligation under this Agreement, or any other agreement that You may have with Us; 
or (b) You should die, become involved in any insolvency, receivership or custodial 
proceeding brought by or against You; or (c) You have made a false or misleading 
statement in Your credit application and/or in Your representations to Us while You 
owe money on Your Account; or (d) A judgment or tax lien should be filed against You 
or any attachment or garnishment should be issued against any of Your property or 
rights, 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 indebtedness hereunder is or soon will be impaired, time being of the 
very essence. 

If You are in default, We may, without notice or demand, and to extent permitted by 
law,  cancel  Your  rights  under  this  Agreement,  declare  the  entire  unpaid  balance 
immediately due and payable and require the return of all Cards and other Account 
Access devices.  

COLLECTION COSTS. To the extent permitted by law, You will reimburse Us for 
all of Our costs and expenses, including reasonable attorneys' fees incurred in the 
course of collecting any amounts owed under this Agreement or for the recovery of 
any collateral. 

CREDIT INSURANCE. Credit insurance is not required for any extension of credit under 
this Agreement. However, You may purchase any credit insurance available through Us 
and have the premiums added to the outstanding balance of Your Account. If You elect 
to do so, You will be given the necessary disclosures and documents separately. Any 
credit insurance premiums will be charged to Your Account as a purchase. 

ENFORCEMENT. We do not lose Our rights under this or any related agreement if 
We  delay  enforcing  them.  We  can  accept  late  payments,  partial  payments,  or  any 
other payments, even if they are marked "paid in full," without losing any of Our rights 
under this Agreement. If any provision of this or any related agreement is determined 
to be unenforceable or invalid, all other provisions remain in full force and effect.  

UNAUTHORIZED  USE.  You  may  be  liable  for  the  unauthorized  use  of  Your 
Account. You will not be liable for the unauthorized use that occurs after You notify 
Us  orally  and  in  writing  at  the  address  or  telephone  number  shown  in  this 
Agreement,  of  the  loss,  theft,  or  possible  unauthorized  use.  In  any  case,  Your 
liability will not exceed $50.00. 

NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You move or 
otherwise have a change of address.  

CHANGE  IN  TERMS.  We  may  change  the  terms  of  this  Agreement  by  mailing  or 
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 
Agreement  includes,  but  is  not  limited  to,  the  right  to  change  the  periodic  rate 
applicable to Your unpaid balance and/or future advances. 

LOST  OR  STOLEN  CARDS,  ACCOUNT  NUMBERS  AND/OR  LETTER  CHECKS. 
To report a lost or stolen Card, Letter Check or Account Number, You will immediately 
call (800) 325-3678. You may also write to the Credit Card Security Department, P.O. 
Box 24747, Tampa, FL 33623-4747. 

FOREIGN  TRANSACTIONS.  For  transactions  initiated  in  foreign  countries  and 
foreign currencies, the exchange rate between the transaction currency and the 
billing currency (U.S. dollars) will be: (a) a rate selected by VISA from the range 
of  rates  available  in  wholesale  currency  markets  for  the  applicable  central 
processing  date,  which  rate  may  vary  from  the  rate  VISA  itself  receives;  or  (b) 
the  government-mandated  rate  in  effect  for  the  applicable  central  processing 
date. For transactions that are initiated in a foreign currency, You will be charged 
1.00%  of  the  final  settlement  amount.  For  transactions  occurring  in  foreign 
countries  and  initiated  in  U.S.  Dollars,  You  will  be  charged  0.80%  of  the  final 
settlement amount. 

EFFECT  OF  AGREEMENT.  Even  though the  sales,  cash  advance,  credit  or  other 
slips You may sign or receive when using the Card contain terms, this Agreement is 
the contract which solely applies to all transactions involving Your Account. 

CONSENT  TO  AGREEMENT.  You  acknowledge  receipt  of  a  copy  of  this 
Agreement. By signing the Application and Your Credit Card, by using the Card, by 
using Your Account or by authorizing another to use Your Account, You agree to 
accept its terms. 

INTEGRATED  DOCUMENTS.  Any  separate  sheet  of  paper  labeled  "Additional 
Disclosure  -  Federal  Truth-In-Lending Act"  which  is  delivered to You and  relates  to 
this Agreement is an integrated part of this Agreement And Disclosure. 

UPDATING  AND  DISCLOSING  FINANCIAL  INFORMATION.  You  will  provide 
facts to update personal information or other financial 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  standing  and 
financial  responsibility  in  accordance  with  applicable  laws  and  regulations.  You 
further agree that We may give information about the status and 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  legitimate 
business need for such information. 

TERMINATION. Subject to applicable law, either You or We may cancel Your Account 
at any time whether or not You are in default. You will, in any case, remain liable to 
pay any unpaid balances according to the terms of this Agreement.  

GOVERNING  LAW.  This  Agreement  is controlled and  governed by the laws  of  the 
Commonwealth of Pennsylvania except to the extent that such laws are inconsistent 
with controlling federal law. 

Your Billing Rights: Keep this Document for Future Use 

This notice tells You about Your rights and Our responsibilities under the Fair 
Credit Billing Act. 

What To Do If You Find A Mistake On Your Statement 

If You think there is an error on Your statement, write to Us at Our address shown in 
this Agreement. In Your letter, give Us the following information: 

 
 
 

Account information: Your name and Account number. 
Dollar amount: The dollar amount of the suspected error. 
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. 

You must contact Us: 

  Within 60 days after the error appeared on Your statement.  
 

At  least  three  business  days  before  an  automated  payment  is  scheduled,                  
if You want to stop payment on the amount You think is wrong. 

You must notify Us of any potential errors in writing. You may call Us, but if You do 
We are not required to investigate any potential errors and You may have to pay the 
amount in question. 

What Will Happen After We Receive Your Letter 

When We receive Your letter, We must do two things: 

REFUSAL TO HONOR CARDS OR LETTER CHECKS. We are not liable for the refusal 
or inability of merchants, financial institutions and others to accept the Cards or Letter 
Checks, or electronic terminals to honor the Cards or complete a Card withdrawal, or for 
their retention of the Cards or Letter Checks. 

1)  Within 30 days of receiving Your letter, We must tell You that We received Your  

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 explain 

to You why We believe the bill is correct. 

Copyright Oak Tree Business Systems, Inc., 2015-2019. All Rights Reserved. 

Page 4 of 5   

          OTBS 016CC Intro FRB_Web PEOP (4/19) 

 
 
 
     
 
 
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Your Rights If You Are Dissatisfied 
With Your Credit Card Purchases 

While We investigate whether or not there has been an error: 

  We cannot try to collect the amount in question, or report You as delinquent on 

 

that amount. 
The charge in question may remain on Your statement, and We may continue 
to charge You interest on that amount. 

  While  You  do  not  have  to  pay  the  amount  in  question,  You  are  responsible                       

for the remainder of Your balance. 

  We can apply any unpaid amount against Your Credit Limit. 

After We finish Our investigation, one of two things will happen: 

 

 

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. 
If We do not believe there was a mistake: You  will have to pay the amount in 
question, along with applicable interest and fees. We will send You a 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 You owe.  

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, 
You may have the right not to pay the remaining amount due on the purchase. To use 
this right, all of the following must be true: 

1)   The purchase must have been made in Your home state or within 100 miles of 
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 an 
advertisement We mailed to  You,  or  if We  own  the company that  sold You  the 
goods or services.) 

2)  You must have used Your Credit Card for the purchase. Purchases made with cash 
advances from an ATM or with a check that accesses Your Credit Card account 
do not qualify. 

3)  You must not yet have fully paid for the purchase. 

If You receive Our explanation but still believe Your bill is wrong, You must write to Us 
within 10 days telling Us that You still refuse to pay. If You do so, We cannot report 
You as delinquent without also reporting that You are questioning Your bill. We must 
tell You the name of anyone to whom We reported You as delinquent, and We must 
let those organizations know when the matter has been settled between Us. If We do 
not follow all of the rules above, You do not have to pay the first $50.00 of the amount 
You question even if Your bill is correct. 

If  all  of  the  criteria  above  are  met  and  You  are  still  dissatisfied  with  the  purchase, 
contact Us in writing at Our address shown in this Agreement.  

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 
point, if We think You owe an amount and You do not pay, We may report You 
as delinquent.    

Copyright Oak Tree Business Systems, Inc., 2015-2019. All Rights Reserved. 

Page 5 of 5   

          OTBS 016CC Intro FRB_Web PEOP (4/19) 

 
 
 
     
 
 
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
2141 Downyflake Lane 
Allentown, PA 18103 
610.797.7440 
800.446.5598 
PeopleFirstCU.org 

PRICING INFORMATION ADDENDUM - 
CREDIT CARD ACCOUNT AGREEMENT 
AND FEDERAL DISCLOSURE STATEMENT 

THIS IS YOUR ADDENDUM THAT CONTAINS PRICING INFORMATION FOR YOUR VISA PLATINUM, 
VISA PLATINUM REWARDS AND VISA SECURED CREDIT CARD AGREEMENT AND DISCLOSURE. 
PLEASE  BE  SURE  TO  READ  THIS  ADDENDUM  CAREFULLY  AND  NOTIFY  US  AT  ONCE  IF  ANY 
PARTS ARE UNCLEAR. 

Interest Rate and Interest Charges 

Annual Percentage Rate 
(APR) For Purchases 

VISA Platinum 2.90% Introductory APR for 6 months. 

After that, Your APR will be 11.15% - 18.00%, based on Your creditworthiness 
at the time You establish Your Account. This APR will vary with the market based on the 
Prime Rate. 

VISA Platinum Rewards 2.90% Introductory APR for 6 months. 

After that, Your APR will be 12.15% - 15.15%, based on Your creditworthiness 
at the time You establish Your Account. This APR will vary with the market based on the 
Prime Rate. 

VISA Platinum Secured 2.90% Introductory APR for 6 months. 

After that, Your APR will be 11.15%  
This APR will vary with the market based on the Prime Rate. 

Annual Percentage Rate 
(APR) For Balance Transfers 

VISA Platinum 2.90% Introductory APR for 6 months. 

After that, Your APR will be 11.15% - 18.00%, based on Your creditworthiness at the time 
You establish Your Account. This APR will vary with the market based on the Prime Rate. 

VISA Platinum Rewards 2.90% Introductory APR for 6 months. 

After that, Your APR will be 12.15% - 15.15%, based on Your creditworthiness at the time 
You establish Your Account. This APR will vary with the market based on the Prime Rate. 

VISA Platinum Secured 2.90% Introductory APR for 6 months. 

After that, Your APR will be 11.15%  
This APR will vary with the market based on the Prime Rate. 

Annual Percentage Rate 
(APR) For Cash Advances 

VISA Platinum 2.90% Introductory APR for 6 months. 

After that, Your APR will be 11.15% - 18.00%, based on Your creditworthiness at the time 
You establish Your Account. This APR will vary with the market based on the Prime Rate. 

VISA Platinum Rewards 2.90% Introductory APR for 6 months. 

After that, Your APR will be 12.15% - 15.15%, based on Your creditworthiness at the time 
You establish Your Account. This APR will vary with the market based on the Prime Rate. 

VISA Platinum Secured 2.90% Introductory APR for 6 months. 

After that, Your APR will be 11.15%  
This APR will vary with the market based on the Prime Rate. 

Paying Interest 

Your due date is at least 27 days after the close of each billing cycle. We will not charge You 
interest on purchases if You pay Your entire balance owed each month by Your payment's due 
date.  We  will  begin  charging  interest  on  cash  advances  and  balance  transfers  on  the 
transaction date. 

For Credit Card Tips from 
the Consumer Financial 
Protection Bureau 

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://www.consumerfinance.gov/learnmore. 

SEE TOP OF PAGE 2 for more important information regarding Your Account 

Copyright Oak Tree Business Systems, Inc., 2015-2019. All Rights Reserved. 

Page 1 of 2   

            OTBS 016ACC Intro FRB_Web PEOP (4/19) 
  Rev. (6/19) 

 
 
 
     
 
 
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fees  

Annual Fee 

Transaction Fees 

  Foreign Transaction Fee 

For VISA Platinum Secured, $20.00 

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. 

Penalty Fees 

  Returned Payment 
  Late Payment 

Up to $35.00 
Up to $35.00  

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your 
Account Agreement for details. 

Billing  Rights:  Information  on  Your  rights  to  dispute  transactions  and  how  to  exercise  those  rights  is  pr ovided  in  Your 
Account Agreement. 

SEE PAGE 1 for more important information regarding Your Account 

FINANCE CHARGES. In the case of any transactions on Your Account, the balances subject to the periodic Finance Charge are the average daily transactions balances 
outstanding during the month (including new transactions). Separate average daily balances are calculated for purchases, balance transfers and cash advances (including 
Letter Checks). 

To get the average daily balance for purchases, We take the beginning balance for purchases 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 the daily balances for purchases during the 
billing cycle and divide them by the number of days in the billing cycle. This gives Us the average daily transactions balances for purchases. To get the average daily balance 
for balance transfers, We take the beginning balance for balance transfers 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 the daily balances for balance transfers during the 
billing cycle and divide them by the number of days in the billing cycle. This gives Us the average daily transactions balances for balance transfers. To get the average daily 
balance for cash advances (including Letter Checks), We take the beginning balance for cash advances and Letter Checks each day, add any new cash advances and Letter 
Checks, debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for cash advances (including 
Letter Checks). Then, We add up all the daily balances for cash advances (including Letter Checks) during the billing cycle and divide them by the number of days in the 
billing  cycle.  This  gives  Us  the  average  daily  transactions  balances  for cash  advances  (including  Letter  Checks).  The  Finance  Charge  for  a  billing  cycle  is  computed  by 
multiplying each of the average daily balances subject to a Finance Charge by the applicable Monthly Periodic Rate. The sum of these separate Finance Charge calculations 
is the Finance Charge You owe for that billing cycle.   

Your payment due date is at least 27 days after the close of each billing cycle. You can avoid Finance Charges on purchases each month by paying the full amount of the 
entire balance owed by the payment due date reflected in Your periodic statement.  

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. Balance Transfers 
and cash advances (including Letter Checks) 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. 

Transactions will accrue finance charges at an introductory Monthly Periodic Rate of 0.2417% (corresponding to an ANNUAL PERCENTAGE RATE of 2.90%) through 
the  first  6  billing  cycles  following  the  date  that  Your  Account  is  established  (i.e.  6  months).  Upon  the  expiration  of  the  introductory  rate  period,  the  entire  balance  of 
transactions existing at that time and in the future will be subject to the non-introductory Monthly Periodic Rate and its corresponding Annual Percentage Rate described 
elsewhere in this Agreement. 

The Monthly Periodic Rate that will apply to Your VISA Platinum Account is 0.9292% - 1.5000% (corresponding ANNUAL PERCENTAGE RATE of 11.15% - 18.00%), based 
on Your creditworthiness at the time You establish Your Account. 

The  Monthly  Periodic  Rate  that  will  apply  to  Your  VISA  Platinum  Rewards  Account  is  1.0125%  -  1.2625%  (corresponding  ANNUAL  PERCENTAGE  RATE  of  12.15%  - 
15.15%), based on Your creditworthiness at the time You establish Your Account. 

The Monthly Periodic Rate that will apply to Your VISA Platinum Secured Account is 0.9292% (corresponding ANNUAL PERCENTAGE RATE of 11.15%). 

VARIABLE RATE. All advances 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 business day of each calendar month ("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 that immediately follows any such change in the Index. 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 18.00% and 
will apply to Your remaining principal balance. 

The Margin that will apply to Your VISA Platinum Account is 5.65% - 13.25%, based on Your creditworthiness at the time You establish Your Account. 

The Margin that will apply to Your VISA Platinum Rewards Account is 6.65% - 9.65%, based on Your creditworthiness at the time You establish Your Account. 

The Margin that will apply to Your VISA Platinum Secured Account is 5.65%. 

Copyright Oak Tree Business Systems, Inc., 2015-2019. All Rights Reserved. 

Page 2 of 2   

            OTBS 016ACC Intro FRB_Web PEOP (4/19) 
  Rev. (6/19)