Borrower Name(s) 

CREDIT LINE ACCOUNT 
AGREEMENT AND DISCLOSURE 

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 YOUR MASTERCARD, STUDENT 
MASTERCARD,  SECURED  MASTERCARD  AND  PREMIER  PRIVILEGES  REWARDS  MASTERCARD  CREDIT  CARDS  AND 
OVERDRAFT LINE OF CREDIT AND PREMIER LINE OF CREDIT PRODUCTS AND ANY OTHER ACCOUNT ACCESS DEVICES. 
PLEASE READ THIS AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR. 

Account Number 

Credit Limit 

Interest Rate and Interest Charges 

Annual Percentage Rate 
(APR) For Purchases 

Mastercard: ______% introductory APR for ______ months. 

After that, Your APR will be ______%. This APR will vary with the market based on 
the Prime Rate. 

Student Mastercard: ______% introductory APR for ______ months.  

After that, Your APR will be ______%. This APR will vary with the market based on 
the Prime Rate. 

Secured Mastercard: ______%  

This APR will vary with the market based on the Prime Rate. 

Premier Privileges Rewards Mastercard: ______% introductory APR for ______ months. 

After that, Your APR will be ______%.     

Annual Percentage Rate 
(APR) For Balance 
Transfers 

Mastercard: _______% introductory APR for ______ months. 

After that, Your APR will be _______%. This APR will vary with the market based on the 
Prime Rate. 

Student Mastercard: _______% introductory APR for ______ months.  

After that, Your APR will be _______%. This APR will vary with the market based on the 
Prime Rate. 

Secured Mastercard: _______%  

This APR will vary with the market based on the Prime Rate. 

Premier Privileges Rewards Mastercard: _______% introductory APR for ______ months. 

After that, Your APR will be _______%.  

Annual Percentage Rate 
(APR) For Cash Advance  

Mastercard: _______% introductory APR for ______ months. 

After that, Your APR will be _______%. This APR will vary with the market based on the 
Prime Rate. 

Student Mastercard: _______% introductory APR for ______ months.  

After that, Your APR will be _______%. This APR will vary with the market based on the 
Prime Rate. 

Secured Mastercard: _______%  

This APR will vary with the market based on the Prime Rate. 

Premier Privileges Rewards Mastercard: _______% introductory APR for ______ months. 

After that, Your APR will be _______%.  

SEE PAGE 2 for more important information about Your Account 

Copyright Oak Tree Business Systems, Inc., 2014-2021. All Rights Reserved. 

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Interest Rate and Interest Charges (continued) 

Annual Percentage Rate 
(APR) For Cash Advance 
(continued) 

Overdraft Line of Credit: _______%  

This APR will vary with the market based on the Prime Rate. 

Premier Line of Credit: _______%  

This APR will vary with the market based on the Prime Rate. 

Penalty APR and When  
it Applies 

For Overdraft Line of Credit and Premier Line of Credit: ________% 

    This APR may be applied if: 
    1) You make a late payment. 
    2) You are otherwise in default. 

Paying Interest 

    How  Long  Will  The  Penalty  APR  Apply?  If  Your  APR  is  increased  for  this  reason,  the 
    Penalty  APR  will  be applied indefinitely to  Your  entire balance existing at that time and in  
    the future. 

For Credit Cards, Your due date is at least 25 days after the close of each billing cycle. We will 
not charge You any interest on purchases if You pay Your entire balance by the due date each 
month. For all Feature Categories We will begin charging interest on balance transfers and cash 
advances 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. 

Fees  

Transaction Fees 

  Foreign Transaction  

  Cash Advance 

Penalty Fees 

  Late Payment 

   Over-the-Credit Limit 

For Credit Cards (except Premier Privileges Rewards Mastercard), 1.00% of each foreign 
currency transaction in U.S. Dollars. 
For Credit Cards (except Premier Privileges Rewards Mastercard), 1.00% of each U.S. Dollar 
transaction that occurs in a foreign country. 
For Credit Cards, the greater of 3.00% of each transaction or $3.00. 

Except Credit Cards, $15.00  
For Credit Cards, up to $15.00  
Except Credit Cards, $10.00 

How  We  Will  Calculate  Your  Balance:  For  all  Products  (except  Mastercard),  We  use  a  method  called  "daily  balance."  For  
Mastercard, 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 more important information about Your Account 

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In this Agreement, the references to "We," "Us," "Our," and "Credit Union" mean PREMIER AMERICA CREDIT UNION. The words "You" and "Your" mean each person 
accepting this Agreement. The words "Card" and "Credit Card" mean any Mastercard, Student Mastercard, Secured Mastercard, or Premier Privileges Rewards Mastercard 
Credit Card issued to You by Us and any duplicates or renewals. If this is a joint account, read singular pronouns in the plural. 

You,  as  the  borrower,  under  a  Credit  Line  Account  ("Account"),  understand  that  the  following  Federal  Disclosure  Statement  and  the  terms  and  conditions  found  herein 
constitute Our Agreement with You. Your Account may be accessible through a variety of means which could include advance request forms, vouchers, convenience checks, 
charge slips, credit cards, telephone access, personal computer access, ATMs or other mechanical/electronic means and the like. Regardless of the access means, You 
promise to pay Us all amounts charged or advanced 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. You may terminate the use of Your Account by an authorized user by preventing 
the use of any Account access device (such as a Credit Card or PIN) by that user and by notifying Us in writing that any such user is no longer authorized to use Your Account. 
You understand that all advances are subject to Our prior approval. 

PRODUCTS 
Your Account has products which may include Mastercard, Student Mastercard, Secured Mastercard, Premier Privileges Rewards Mastercard, Overdraft Line of Credit, and 
Premier Line of Credit. 

Product 

Variable Rate 

Index 

Margin 

Daily 
Periodic Rate 

Annual 
Percentage Rate 

_____________________________ 

____________ 

____________ 

_______________% 

_______________% 

Product 

Introductory 
Daily 
Periodic Rate 

Introductory 
Annual 
Percentage Rate 

_____________________________ 

_______________% 

_______________% 

TRANSACTIONS/ADVANCES 
Whenever You request a transaction or an advance, We may require You to prove 
Your identity. If You request an advance by telephone, We will deposit the amount 
requested in Your share savings account or Your checking account (or any other 
account as directed by You) and You authorize Us to do this, or We will draw a draft 
or  check  made  payable  to  You  and  mail  it  to  You.  When  the  amount  advanced 
appears  on  a  subsequent  statement,  that  will  be  conclusive  evidence  of  Your 
telephone request. Advances for all products (except for Credit Card purchases and 
except for Credit Card cash advances made at Premier America Credit Union office 
locations) are subject to a minimum of $100.00. 

SECURITY 
As permitted by law, to secure all transactions under this Agreement in either joint or 
individual Accounts, We have the right to impress and enforce a statutory lien against 
Your  shares  on  deposit  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 that You owe on any unpaid 
balance on Your Account and We may enforce Our right to do so without further notice 
to You. Additionally, You agree that We may set off any mutual indebtedness. 

OTHER SECURITY/CROSS COLLATERAL 
Collateral (other than household goods or any dwelling) given as security for any other 
loan You may have with Us both now and in the future will, in addition to securing all 
presently existing debts and liabilities You owe to Us, secure all future advances We 
make to You or for Your Account, including advances for reasonable attorneys' fees, 
court  costs  and/or  collection  agency  fees  and  costs  incurred  in  the  collection  of  all 
indebtedness. Such Collateral shall include any and all accessions, related insurance 
proceeds or insurance premium refunds. 

ACCOUNT RESTRICTIONS 
In  order  to  receive  and  maintain  a  Share  Secured  product  (such  as  Secured 
Mastercard), You agree to give Us a specific pledge of shares which will be equal to 
110.00% of Your approved Credit Limit. In the event that You default on Your Account, 
We may apply these shares toward the repayment of any amount owed on Your Share 
Secured product. You may cancel Your Share Secured product at any time by paying 
any amounts owed on Your specific Share Secured product and returning any access 
devices. To be certain that Your entire balance and all advances on Your Account are 
paid, any shares pledged may not be available for 30 days after You have cancelled 
any such account product. 

LINE OF CREDIT LIMIT  
You  will  be  notified  of  Your  specific  credit  limits  which  are  available  under  Your 
Account. Unless You are in default, the credit limits established for You will generally 
be self-replenishing as You make payments on Your Account.   

You will keep Your unpaid balance within the credit limits set by Us, and You will pay 
any  amount over the credit  limits  on  Our demand  whether  or  not We  authorize the 
advances which caused You to exceed Your credit limits.  

For Credit Cards, Your available credit will be reduced by pending transactions that 
have  not  yet  been  posted  to  Your  Account.  Such  a  "hold"  on  Your  available  credit 
might remain in effect until the earlier of the date that the transaction actually posts to 
Your Account for a corresponding amount or 10 business days. In the event that a 
transaction  posts  for  an  amount  that  is  different  than  a  pending  transaction,  Your 
available  credit  will  still  be  reduced  by  an  amount  that  corresponds  to  the  related 
pending transaction for up to 10 business days. 

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  Personal  Identification 
Number  (PIN),  is  requested  and  approved,  You  understand that  any such  Account 
access device(s) will be mailed only to the primary borrower(s) at the current address 
of  record  at  the  Credit  Union.   We may  refuse  to  follow  any  instructions  which  run 
counter to this provision. 

FINANCE CHARGES (EXCEPT CREDIT CARDS) 
The balances subject to the periodic Finance Charge are the daily ending balances 
outstanding for each day during the billing cycle. To get the daily ending balance, We 
take  the  beginning  balance  of  Your  account  each  day,  add  any  new  advances, 
insurance  premiums,  debit  adjustments  and  any  applicable  fees,  and  subtract  any 
payments, credits and unpaid Finance Charges and late fees. The Finance Charge is 
computed  by  multiplying  the  Daily  Periodic  Rate  by  the  daily  ending  balance 
outstanding for each day of the billing cycle. The daily Finance Charges are added 
together and the sum is the amount of Your total new Finance Charge due. There is 
no grace period. 

CREDIT CARD FINANCE CHARGES 
The  balances  subject  to  the  periodic  Finance  Charge  are  the  average  daily 
balances outstanding during the billing cycle. The Finance Charge for a billing cycle 

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is computed by applying the Daily Periodic Rate to the average daily balance during 
the billing cycle. To get the average daily balance, We take the beginning balance 
of  Your  Account  each  day,  add  any  new  purchases,  balance  transfers,  cash 
advances,  insurance  premiums,  debit  adjustments  and  any  applicable  fees,  and 
subtract any payments, credits and unpaid Finance Charges or Late Fees. Then, 
We add up all the daily balances for the billing cycle and divide them by the number 
of days in the billing cycle which We multiply by the Daily Periodic Rate. These daily 
Finance Charges are then added together and the sum is the amount of Your total 
new Finance Charge due. 

You can avoid Finance Charges on purchases by paying the full amount of the entire 
balance owed each month within 25 days of Your statement closing 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. Balance transfers and 
cash advances are always subject to a Finance Charge from the date they are posted 
to Your Account. 

Your Mastercard is subject to a discounted introductory Daily Periodic Rate as set 
forth herein for the initial six-month period. Upon the expiration of the introductory 
rate  period,  Your  Daily  Periodic  Rate  will  increase  to  the  non-introductory  Daily 
Periodic Rate (corresponding to the non-introductory Annual Percentage Rate) as 
also set forth herein. 

an amount that causes Your balance to exceed 120 percent of Your Credit Limit; 
whichever is less. 

MONTHLY PAYMENT SCHEDULE 
Though  You  need  only  pay  the  Current  Payment  due  shown  on  Your  monthly 
statement, You understand that You have the right to repay Your Account or make 
larger payments on Your Account at any time without penalty. You also understand 
that You will be charged periodic Finance Charges to the date You repay Your entire 
Account balance. Any partial payment or prepayment of Your Account will not delay 
Your  next  scheduled  payment.  All  payments  to  Us  must  be  in  lawful  money  of  the 
United States. Payments will be applied first to collection costs, then to any Finance 
Charges due, then to any Fees and Charges owing, then to the outstanding principal 
balance. Any unpaid portion  of  the Finance  Charge  will  be  reduced  by subsequent 
payments  and  will  not  be  added  to  the  principal  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 unpaid balance will decrease 
Your periodic Finance Charges. 

Your payment is due on the payment due date as disclosed on Your monthly statement. 
You may elect to make Your payment by automatic transfer from a designated account. 
If You select this option, You understand and agree that You must maintain sufficient 
funds on deposit to permit Us to transfer the payment on the payment due date. 

Your Student Mastercard is subject to a discounted introductory Daily Periodic Rate 
as  set  forth  herein  for  the  initial  six-month  period.  Upon  the  expiration  of  the 
introductory rate period, Your Daily Periodic Rate will increase to the non- introductory 
Daily Periodic Rate (corresponding to the non-introductory Annual Percentage Rate) 
as also set forth herein. 

For  all  products  (except  Credit  Cards),  Your  payment  will  be  2.00%  of  Your  new 
unpaid balance at the end of each billing cycle plus any portion of the payments shown 
on  prior  statement(s)  which  remains  unpaid,  plus  any  amount  that  exceeds  Your 
approved credit limit. Your current payment in any event will be subject to the lesser 
of $20.00 or Your balance. 

Your  Secured  Mastercard  is  subject  to  a  Daily  Periodic  Rate,  corresponding  to  an 
Annual Percentage Rate, as set forth herein. 

Your Premier Privileges Rewards Mastercard is subject to a discounted introductory 
Daily  Periodic  Rate  as  set  forth  herein  for  the  initial  six-month  period.  Upon  the 
expiration of the introductory rate period, Your Daily Periodic Rate will increase to the 
non-introductory  Daily  Periodic  Rate  (corresponding  to the non-introductory  Annual 
Percentage Rate) as also set forth herein. 

VARIABLE RATE  
(EXCEPT PREMIER PRIVILEGES REWARDS MASTERCARD) 
Except  Premier  Privileges  Rewards  Mastercard,  all  advances  are  subject  to  a 
Variable Rate which is based on the Prime Rate as published in the Money Rates 
Section of The Wall Street Journal on the last day of Your previous billing cycle 
("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 following 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  regularly  scheduled  payments  that  You  will  be 
required  to  make.  There  is  no  limit  on  the  amount  by  which  Your  Interest  Rate 
can increase. 

VARIABLE RATE (EXCEPT CREDIT CARDS) 
Your  Account  is subject to a  Variable  Rate  which  is  based on the  Prime Rate  as 
published in the Money Rates Section of The Wall Street Journal on the last day of 
Your  previous  billing  cycle  ("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  following  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 regularly scheduled payments 
that You will be required to make. There is no limit  on the amount by which Your 
Interest Rate can increase. 

LATE CHARGE (EXCEPT CREDIT CARDS) 
If Your payment is 15 or more days past due, You will be charged $15.00. 

CREDIT CARD LATE CHARGE 
If Your payment is 15 or more days past due, You will be charged the lesser of: (a) 
the amount of the minimum payment due; or (b) $15.00. 

OTHER FEES AND CHARGES 
You will be charged the following fees and charges associated with the use of Your 
Account: (a) for Credit Cards, the greater of 3.00% of the transaction or $3.00 for 
each  cash  advance  obtained;  (b)  for  Credit  Cards,  to  the  extent  permitted  by 
applicable law, the greater of $250.00 or actual costs incurred by the Credit Union 
when You elect to withdraw a charge back and initiate arbitration proceedings; (c) 
for  Credit  Cards, $12.00 for each  draft copy  that  You  request; and (d)  except for 
Credit Cards, $10.00 whenever You exceed Your Credit Limit by: (i) $500.00; or (ii) 

Credit Card payments will be 3.00% of Your new unpaid balance at the end of each 
billing  cycle  plus  any  portion  of  any  payments  shown  on  prior  statement(s)  which 
remains  unpaid,  plus  any  amount  that  exceeds  Your  approved  credit  limit.  Your 
payment in any event will be subject to the lesser of $15.00 or Your balance. 

OVERDRAFT PROTECTION 
You agree that We may transfer funds in multiples of $100.00 (or in such increments as 
We may from time to time determine) to Your checking account by an advance on the 
account product designated on Your Overdraft Protection Application/Sign-Up Card to 
clear any overdraft on Your checking account. In any event, You hold Us harmless for 
any  and  all  liability  which  might  otherwise  arise  if  the  transfer  does  not  occur.  Your 
checking  account  overdraft  protection  automatically  ceases  if  this  Agreement  is 
cancelled or terminated or Your Account is in default. 

PERIODIC STATEMENTS 
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  month  in  which  there  have  been  any  transactions  on  Your 
Account or there is a debit or credit balance. We need not send You a statement if 
We feel Your Account is uncollectible but such action by Us does not relieve You of 
Your liability to repay any amounts that You owe Us. Each statement is deemed to be 
a correct statement of account unless You notify Us of a billing error pursuant to the 
Federal Truth-In-Lending Act. 

DEFAULT/CROSS DEFAULT 
You will be in default if: (a) You do not make any payment or perform any obligation 
required under any other agreement that You may have with Us, including but not 
limited to loan agreements, credit line agreements, debt instruments and the like; 
or (b) You do not make any payment or perform any obligation required under this 
Agreement; or (c) You should die, become involved in any insolvency, receivership 
or custodial proceeding brought by or against You;  or (d) 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 (e) 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 (f) We should, in 
good  faith,  believe  Your  ability  to  repay  Your  indebtedness  hereunder  is  or  soon 
will be impaired. 

If You are in default, We may, without prior notice or demand and to the extent permitted 
by law, cancel Your rights under this Agreement, declare the entire unpaid balance of 
Your Account immediately due and payable, set-off any money owed Us in accordance 
with the terms of said Agreement and require the return of all access devices. 

If immediate payment is demanded, You will continue to pay Finance Charges at the 
applicable  Annual  Percentage  Rate  in  effect  until  what  You  owe  has  been  repaid. 
Even if Your unpaid balance is less than Your Credit Limit(s), You will have no credit 
available during any time that any aspect of Your Account is in default. 

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PENALTY APR (EXCEPT CREDIT CARDS) 
For all products (except Credit Cards), if You are ever 30 or more days past due on 
any payment and/or Your Account is otherwise in default, the Margin applicable to 
Your entire balance existing at that time and in the future will increase by 10.00%. 
The increase in the Margin will result in an increase in the Daily Periodic Rate by 
0.027397% (corresponding to an increase in the  ANNUAL PERCENTAGE RATE 
of 10.00%). 

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"  or  contain  language  indicating  full  satisfaction  of  the 
unpaid  balance  without  losing  any  of  Our  rights  under  this  Agreement.  Any 
compromise  in,  or  the  reduction  of,  amounts  owed  under  this  Agreement  must  be 
previously agreed to in writing by an authorized employee of the Credit Union. 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. 

COLLECTION COSTS 
If You are in default, to the extent permitted by law, You will reimburse us for all costs 
of  collecting  the  amount  You  owe  under  this  Agreement  including  reasonable 
attorneys' fees. You agree that We may add any collection costs, including reasonable 
attorneys' fees, to Your Account balance on which Finance Charges will be charged, 
subject to the applicable Annual Percentage Rate. 

DEBT CANCELLATION COVERAGE 
Debt  cancellation  coverage  ("Loan  Protection  Plan")  is  not  required  for  any 
extension of credit under this Agreement. However, You may purchase any Loan 
Protection Plan available through Us and have the fees added to Your outstanding 
Account balance. If You elect to do so, You will be given the necessary disclosures 
and documents separately. 

INTEGRATED DOCUMENTS 
Any separate sheet of paper labeled "Additional Disclosure - Federal Truth-In-Lending 
Act,"  "Truth-In-Savings  Disclosure  and  Agreement"  or  "Schedule  of  Fees"  which  is 
delivered together with this Agreement or separately becomes an integrated part of 
this Agreement and Disclosure. 

NOTIFICATION OF ADDRESS CHANGE 
You will notify Us promptly in writing if You: (a) move or otherwise have a change of 
address; or (b) change Your name. 

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. 

UPDATING AND DISCLOSING FINANCIAL INFORMATION 
You will provide facts to update information contained in Your original application 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  agency  having  any  apparent 
legitimate business need for such information. 

You agree to provide Us, upon Our request, with a current financial statement or 
other current credit information that meets Our requirements. You understand and 
agree that if We request such information, that We may, at Our sole option, refuse 
to make further advances on Your Account until such time as We have received the 
requested  information.  If  You  fail  to  furnish  the  requested  information  in  a  timely 
fashion  We  may,  at  Our  option,  and  without  further  notice  to  You,  declare  Your 
Account to be in default. 

TERMINATION 
Either You or We may cancel Your Account at any time, whether or not You are in 
default.  In the event We receive a written request for Account termination from You 
or any party to Your Account, or if We receive inconsistent instructions regarding 
Account termination from  different parties to  Your  Account, We may, at  Our sole 
option  and  without  further  notice  to  any  other  party,  terminate  Your  Account  or 
refuse any right with respect to Your Account, which may include, but is not limited 
to, refusing any request for credit or an advance on Your Account.  You will, in any 
case,  remain  liable  to  pay  any  unpaid  balances  according  to  the  terms  of  
Your Account. 

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 federal law.  

ELECTRONIC COMMUNICATIONS  
You  authorize  Us  to send You,  from  time to time, and  to  the extent  permitted  by 
applicable law, electronic communications regarding the status of any share, share 
draft, and/or certificate account(s) You maintain with Us. You also authorize Us to 
send  You  electronic  communications  regarding  any  other  accounts  You  may 
maintain with Us from time to time including, but not limited to, loan accounts, credit 
line  accounts,  and  credit  card  accounts.  These  electronic  communications  are 
sometimes referred to as "transactional or relationship messages." 

You  authorize  Us  to  contact  You  using  any  wireless,  cellular,  mobile  or  other 
telephone number You have provided to Us on Your membership application, and 
at any wireless, cellular, mobile or other telephone number You may furnish to Us 
or We obtain for You in the future. To the extent permitted by law, We may contact 
You using any electronic means We choose, which may include but is not limited 
to,  voice  messages,  text  messages  and  other  similar  electronic  methods  of 
communication.  If  You  have  furnished  Us  with  any  e-mail  address(es),  You 
understand  and  agree  that  We  may  send  You  e-mail  messages  regarding  Your 
Account(s) with Us from time to time. If You have executed or subsequently execute 
any  separate  Disclosure  and  Consent  to  Receive  Electronic  Documentation  or 
similar form, any communications covered by such Disclosure and Consent shall 
be subject to the terms and conditions set forth in that document. 

You understand that the nature of electronic communications is such that anyone 
with access to Your wireless, cellular, mobile or other telephonic device or e-mail 
may be able to read or listen to such transactional or relationship messages from 
Us, and You agree that any person or party sending or leaving such messages shall 
have  no  liability  for  any  consequences  resulting  from  the  interception  of  such 
messages  by  any  other  party.  Without  limitation,  You  also  agree  that  You  are 
responsible to pay all costs that You may incur as a result of any contact method 
We choose including, but not limited to, charges for telecommunications, wireless 
and/or internet charges. 

CONSENT TO CONTACT AGREEMENT 
You  agree  that  We  may,  subject  to  applicable  law,  initiate  telephone  calls  to 
any  residential  line  (wireline  service),  cellular  telephone  service,  or  other 
wireless service associated with Your Account through use of pre-recorded or 
artificial  voice  messages  and/or  the  use  of  automatic  telephone  dialing 
systems,  in  order  for  Us  to  service  Your  Account,  prevent  fraud,  collect  any 
amounts owed to Us by You, and otherwise conduct Our business with You. If 
You furnish Us with one or more cellular telephone numbers in connection with 
Your  Account,  You  represent  You  are  or  will  be  the  cellular  telephone 
subscriber with respect to each such number, and that Your consent extends 
to all such numbers You provide to Us. You understand that the telephone calls 
We may initiate may result in charges to You by any cellular telephone, internet, 
or  other  digital  or  electronic  service  to  which  You  subscribe,  and  You 
understand and agree that You are solely responsible for the payment of any 
such charges. 

ARBITRATION AND WAIVER OF CLASS ACTION 
This  provision  does  not  apply  to  covered-loans  extended  to  covered  borrowers  as 
defined  within  the  Military  Lending  Act  ("MLA").  If  We  determine  the  credit  being 
extended is a covered loan, and You are a covered borrower, then We will provide a 
notice  titled  "Military  Annual  Percentage  Rate  ("MAPR")  And  Payment  Obligation 
Disclosure," as required by applicable law in which case the remaining portion of this 
provision will not apply to You.   

If We have determined that the credit being extended is not a covered loan, and/or 
You  are  not  a  covered  borrower  then,  You  will  not  receive  the  above  referenced 
notice and You and the Credit Union agree to attempt to informally settle any and 
all  disputes  arising  out  of,  affecting,  or  relating  to  the  credit  extended  under  this 
Agreement,  Your  accounts,  or  the  products  or  services  the  Credit  Union  has  
provided, will provide or has offered to provide to You, and/or any aspect of Your  
relationship with the Credit Union (hereafter referred to as the "Claims"), except to  
the  extent  that  this  provision  will  not  apply  to  any  credit  that  is  secured  by  Your 
principal dwelling. If that cannot be done, then You agree that any and all Claims 
that are threatened, made, filed or initiated after the Effective Date (defined below) 
of this Arbitration and Waiver of Class Action provision ("Arbitration Agreement"), 
even if the Claims arise out of, affect or relate to conduct that occurred prior to the 
Effective Date, shall, at the election of either You or the Credit Union, be resolved 
by binding arbitration administered by the American Arbitration Association ("AAA") 
in  accordance  with  its  applicable  rules  and  procedures  for  consumer  disputes 
("Rules"), whether such Claims are in contract, tort, statute, or otherwise. The Rules 

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can be obtained on the AAA website free of charge at www.adr.org; or, a copy of 
the  Rules  can  be  obtained  by  calling  800-772-4000  option  0  or  emailing 
info@premieramerica.com. Either You or the Credit Union may elect to resolve a 
particular Claim through arbitration, even if one of Us has already initiated litigation 
in court related to the Claim, by: (a) making written demand for arbitration upon the 
other party, (b) initiating arbitration against the other party, or (c) filing a motion to 
compel  arbitration  in  court.    AS  A  RESULT,  IF  EITHER  YOU  OR  THE  CREDIT 
UNION ELECT TO RESOLVE A PARTICULAR CLAIM THROUGH ARBITRATION, 
YOU WILL GIVE UP YOUR RIGHT TO GO TO COURT TO ASSERT OR DEFEND 
YOUR RIGHTS UNDER THIS LOAN NOTE AGREEMENT (EXCEPT FOR CLAIMS 
BROUGHT INDIVIDUALLY WITHIN SMALL CLAIMS COURT JURISDICTION, SO 
LONG  AS  THE  CLAIM  REMAINS  IN  SMALL  CLAIMS  COURT).  This  Arbitration 
Agreement  shall  be  interpreted  and  enforced  in  accordance  with  the  Federal 
Arbitration  Act  set  forth  in  Title  9  of  the  U.S.  Code  to  the  fullest  extent  possible, 
notwithstanding any state law to the contrary, regardless of the origin or nature of 
the  Claims  at  issue.  This  Arbitration  Agreement  does  not  prevent  You  from 
submitting  any  issue  relating  to  Your  accounts  for  review  or  consideration  by  a 
federal,  state,  or  local  governmental  agency  or  entity,  nor  does  it  prevent  such 
agency or entity from seeking relief on Your behalf. 

Selection of Arbitrator. The Claims shall be resolved by a single arbitrator.  The 
arbitrator  shall  be  selected  in  accordance  with  the  Rules,  and  must  have 
experience  in  the  types  of  financial  transactions  at  issue  in  the  Claims.  In  the 
event  of  a  conflict  between  the  Rules  and  this  Arbitration  Agreement,  this 
Arbitration Agreement shall supersede the conflicting Rules only to the extent of 
the inconsistency. If AAA is unavailable to resolve the Claims, and if You and the 
Credit  Union  do  not  agree  on  a  substitute  forum,  then  You  can  select  a 
reasonable forum for the resolution of the Claims. 

Effective Date.  This Arbitration Agreement is effective upon the 61st day after We 
provide  it  to  You  ("Effective  Date"),  unless  You  opt-out  in  accordance  with  the 
requirements of the RIGHT TO OPT-OUT provision below. 

injunctive  relief  under 

Arbitration  Proceedings.  The  arbitration  shall  be  conducted  within  50  miles  of 
Your residence at the time the arbitration is commenced. Any claims and defenses 
that  can  be  asserted  in  court  can  be  asserted  in  the  arbitration.  The  Arbitrator  
shall  be  entitled  to  award  the  same  remedies  that  a  court  can  award,  including 
public 
the  California  Unfair  Competition  Law  and 
Consumer  Legal  Remedies  Act.  Discovery  shall  be  available  for  non-privileged 
information  to  the  fullest  extent  permitted  under  the  Rules.  The  Arbitrator's  
award  can  be  entered  as  a  judgment  in  court.    Except  as  provided  in  applicable 
statutes, the arbitrator’s award is not subject to review by the court and it cannot be 
appealed.  The  Credit  Union  shall  pay  for  any  filing,  administration,  and  
arbitrator fees imposed on You by the AAA. However, You will be responsible for 
Your  own  attorneys'  fees,  unless  You  prevail  on  Your  Claim  in  the  arbitration,  in 
which case, We will pay Your attorneys' fees. However, if the Credit Union prevails, 
then  You  will  not  be  required  to  pay  Our  attorneys'  fees  and  costs.  Any 
determination  as  to  whether  this  Arbitration  Agreement  is  valid  or  enforceable  in 
part or in its entirety will be made solely by the arbitrator, including without limitation 
any issues relating to whether a Claim is subject to arbitration; provided, however, 
the enforceability of the Class Action Waiver set forth below shall be determined by 
the Court. 

Class  Action  Waiver.  ANY  ARBITRATION  OF  A  CLAIM  WILL  BE  ON  AN 
INDIVIDUAL BASIS. YOU UNDERSTAND AND AGREE THAT YOU ARE WAIVING 
THE  RIGHT  TO  PARTICIPATE  AS  A  CLASS  REPRESENTATIVE  OR  CLASS 
MEMBER IN A CLASS ACTION LAWSUIT.     

Severability.  In  the  event  the  Class  Action Waiver  in  this  Arbitration  Agreement  is 
found to be unenforceable for any reason, the remainder of this Arbitration Agreement 
shall also be unenforceable. If any provision in this Arbitration Agreement, other than 
the Class Action Waiver, is found to be unenforceable, the remaining provisions shall 
remain fully enforceable.   

Right  to  Opt-Out.  You  have  the  right  to  opt-out  of  this  provision,  provided  You 
notify the Credit Union of Your intent to do so within 60 days after it is provided to 
You.  Your  opt-out  is  only  effective  if  You  notify  the  Credit  Union  in  writing  at  
PACU ATTN: Member Ops, PO BOX 2178 Chatsworth CA 91313-2178 within such 
60  day  time  period  and  provide  Your  name,  address  and  Member  Number  in  
such  written  notice.  If  You  fail  to  opt-out  within  this  60  day  period,  You  will  be 
deemed  to  have  consented  to  the  resolution  of  Your  Claims  through  binding 
arbitration. In the event You opt-out, it shall not affect other terms and conditions of 
Your Account Agreement. 

FOR MORE DETAILS or if You have questions, You may call the Credit Union or visit 
a  branch.  If  You  have  questions  about  AAA  procedures,  You  should  check  AAA's 
website, www.adr.org, OR call AAA at (800) 778-7879.     

CONSENT TO AGREEMENT 
You agree to and accept the terms of this Agreement And Disclosure by signing the 
application for Your Account; by signing this Agreement And Disclosure; by using Your 
Account; by using any Account access device; or by using or authorizing another to 
use Your Account. 

SPECIFIC TERMS APPLICABLE TO YOUR MASTERCARD, 
STUDENT MASTERCARD, SECURED MASTERCARD, AND PREMIER 
PRIVILEGES REWARDS MASTERCARD CREDIT CARDS 

USE OF YOUR CARD 
You  may  use  Your  Card  to  buy  goods  and  services  in  any  place  that  the  Card  is 
honored  and  to  get  cash  advances  from  participating  ATMs.  You  agree  not  to  use 
Your Card for illegal transactions including, but not limited to, advances made for the 
purpose  of  gambling  and/or  wagering  where  such  practices  are  in  violation  of 
applicable state and/or federal law. Additionally, You agree not to utilize Your Credit 
Card accounts for the purchase of any goods or services on the Internet that involve 
gambling of any sort. Such transactions include, but may not be limited to, any quasi-
cash or online gambling transaction, any electronic commerce transaction conducted 
over an open network, and any betting transaction including the purchase of lottery 
tickets or casino gaming chips or off-track betting or wagering. However, in the event 
that a charge or transaction described in this paragraph is approved and processed, 
You will still be responsible for such charges. 

OWNERSHIP 
All Account access devices remain Our property and may be cancelled by Us at any 
time  without  notice.  You  agree  to  surrender  such  Account  access  devices  and  to 
discontinue their use immediately upon Our request.   

CONSENSUAL LIEN 
If You have been issued a Credit Card, You grant and consent to a lien on 
Your  savings,  checking  and  certificate  accounts  with  Us  (except  for  IRA 
accounts) and any dividends due or to become due to You from Us to the 
extent You owe on Your unpaid Credit Card balance. 

ISSUANCE OF PERSONAL IDENTIFICATION NUMBER 
We will issue You a Personal Identification Number (PIN) for use with Your Card in 
conjunction  with  participating  Automated  Teller  Machines  (ATMs)  and/or  any  other 
participating programs. This PIN is confidential and should not be disclosed to anyone. 
You may use 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 Transfer, the terms and conditions of Your Electronic Fund Transfer Agreement 
may also affect Your rights. Your use of the PIN is Your authorization to Us to charge 
Your Account to cover such transactions. 

PREMIER PRIVILEGES REWARDS MASTERCARD MILEAGE PROGRAM 
Premier Privileges Rewards Mastercard Accounts in good standing will earn Premier 
Privileges  Rewards  Points  based  on  signature  based  purchases  made  on  Your 
Account.  The  details  of  the  Premier  Privileges  Platinum  Awards  feature  of  Your 
Premier Privileges Rewards Mastercard will be disclosed to You separately. 

REFUSAL TO HONOR CONVENIENCE CHECKS OR CREDIT CARDS 
We are not liable for the refusal or inability of merchants, financial institutions or others 
to  accept  convenience  checks  or  Credit  Cards,  or  electronic  terminals  to  honor 
convenience  checks  or  Credit  Cards  or  complete  a  Card  withdrawal,  or  for  their 
retention of convenience checks or Credit Cards. 

OUR RESPONSIBILITY TO HONOR CONVENIENCE CHECKS 
We  may  not  accept  any  convenience  check  if:  (1)  by  paying  a  convenience  check 
Your Account balance would exceed Your credit limit; (2) Your convenience check or 
payment  check  is  postdated;  (3)  Your  Cards  or  convenience  checks  have  been 
reported lost or stolen; (4) Your Account has been cancelled or has expired. 

If a postdated convenience check is paid and as a result any other convenience check 
is  returned  or  not  paid,  We  are  not  responsible.  Any  convenience  check  that  is 
returned by Us unpaid will be subject to a returned check fee. 

FOREIGN TRANSACTIONS  
(EXCEPT PREMIER PRIVILEGES REWARDS MASTERCARD) 
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    Mastercard,  as  is  applicable,  from  the 
range of rates available in wholesale currency markets for the applicable central 
processing date, which rate may vary from the rate Mastercard, as is applicable, 
itself receives; or (b) the government-mandated rate in effect for the applicable 
central processing date. In each instance, You will be charged a fee in an amount 
equal to 1.00% of the settlement amount.  Transactions initiated via the internet 

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with merchants or other parties located outside of the United States of America 
are  deemed  to  occur  in  the  foreign  country  where  the  merchant  or  other  party 
is located. 

What Will Happen After We Receive Your Letter 

When We receive Your letter, We must do two things: 

TRANSACTION SLIPS 
Your  monthly  statement  will  identify  the  merchant,  electronic  terminal  or  financial 
institution at which transactions were made, but sales, cash advance, credit or other 
slips are not returned with the statement. 

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. 

LOST OR STOLEN CREDIT CARDS OR CONVENIENCE CHECKS 
To  report  a  lost  or  stolen  Card,  immediately  call  (800)  811-2917.  To  report  lost  or 
stolen  convenience  checks,  contact  a  Premier  America  Credit  Union  information 
specialist by calling (800) 772-4000 or (818) 772-4000. 

UNAUTHORIZED USE 
You may be liable for the unauthorized use of Your Card. You will not be liable for the 
unauthorized use that occurs after You notify Us orally or 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. 

CREDITS 
If a merchant who honors Your Card gives You credit for returns or adjustments, 
they will do so by generating a credit 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  savings  account  after 
six months. 

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 the Card. 

Your Billing Rights: Keep this Document for Future Use 

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 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. 

This notice tells You about Your rights and Our responsibilities under the Fair 
Credit Billing Act. 

Your Rights If You Are Dissatisfied With Your Credit Card Purchases 

What To Do If You Find A Mistake On Your Statement 

If  You  think  there  is  an  error  on  Your  statement,  for  Mastercard  write  to  Us  at 
Card Services, P.O. Box 10409,  Des Moines, IA 50306.  For all other Products, 
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. 

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. 

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. 

If  all  of  the  criteria  above  are  met  and  You  are  still  dissatisfied  with  the  purchase, 
contact Us in writing at Card Services, P.O. Box 10409, Des Moines, IA 50306.  

3)  You must not yet have fully paid for the purchase. 

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. 

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. 

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PRICING INFORMATION ADDENDUM 
CREDIT LINE ACCOUNT 
AGREEMENT AND DISCLOSURE 

THIS  IS  YOUR  ADDENDUM  THAT  CONTAINS  PRICING  INFORMATION  FOR  YOUR  MASTERCARD,  STUDENT 
MASTERCARD,  SECURED  MASTERCARD,  PREMIER  PRIVILEGES  REWARDS  MASTERCARD,  AND  PREMIER 
FIRST REWARDS MASTERCARD CREDIT CARDS. PLEASE BE CERTAIN 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 

Mastercard: 0.00% introductory APR for 6 months. 

After that, Your APR will be 11.24% – 18.24% based on Your creditworthiness and 
will vary with the market based on the Prime Rate. 

Student Mastercard: 0.00% introductory APR for 6 months.  

After that, Your APR will be 10.50% and will vary with the market based on the Prime Rate. 

Secured Mastercard: 11.90% – 18.90% based on Your creditworthiness. 

This APR will vary with the market based on the Prime Rate. 

Premier Privileges Rewards Mastercard: 0.00% introductory APR for 6 months. 

After that, Your APR will be 10.99% – 20.49% based on Your creditworthiness. 

Annual Percentage 
Rate (APR) For 
Balance Transfers 

Mastercard: 0.00% introductory APR for 6 months. 

After that, Your APR will be 11.24% – 18.24% based on Your creditworthiness and will vary with 
the market based on the Prime Rate. 

Student Mastercard: 0.00% introductory APR for 6 months.   

After that, Your APR will be 10.50% and will vary with the market based on the Prime Rate. 

Secured Mastercard: 11.90% – 18.90% based on Your creditworthiness. 
This APR will vary with the market based on the Prime Rate. 

Premier Privileges Rewards Mastercard: 0.00% introductory APR for 6 months. 

After that, Your APR will be 10.99% – 20.49% based on Your creditworthiness. 

Annual Percentage 
Rate (APR) For Cash 
Advance 

Mastercard: 0.00% introductory APR for 6 months. 

After that, Your APR will be 11.24% – 18.24% based on Your creditworthiness and will vary with 
the market based on the Prime Rate. 

Student Mastercard: 0.00% introductory APR for 6 months.   

After that, Your APR will be 10.50% and will vary with the market based on the Prime Rate. 

Secured Mastercard: 11.90% – 18.90% based on Your creditworthiness. 
This APR will vary with the market based on the Prime Rate. 

Premier Privileges Rewards Mastercard: 0.00% introductory APR for 6 months. 

After that, Your APR will be 10.99% – 20.49% based on Your creditworthiness.         

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 if You pay Your entire balance by the due date each month. For all Feature 
Categories  We  will  begin  charging  interest  on  balance  transfers  and  cash  advances  on  the 
transaction date. 

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Fees  

Transaction Fees 

   Foreign Transaction  

   Cash Advance 

Penalty Fees 

For Credit Cards (except Premier Privileges Rewards Mastercard), 1.00% of each foreign currency 
transaction in U.S. Dollars. 
For Credit Cards (except Premier Privileges Rewards Mastercard), 1.00% of each U.S. Dollar 
transaction that occurs in a foreign country. 
The greater of 3.00% of each transaction or $3.00. 

   Late Payment 

Up to $15.00  

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 more important information about Your Account 

CREDIT CARD FINANCE CHARGES 
The balances subject to the periodic Finance Charge are the average daily balances outstanding during the billing cycle. The Finance Charge for a billing cycle is computed by 
applying the Daily Periodic Rate to the average daily balance during the billing cycle. To get the average daily balance, We take the beginning balance of Your Account each 
day, add any new purchases, balance transfers, cash advances, insurance premiums, debit adjustments and any applicable fees,  and subtract any payments, credits and 
unpaid Finance Charges or Late Fees. Then, We add up all the daily balances for the billing cycle and divide them by the number of days in the billing cycle which We multiply 
by the Daily Periodic Rate. These daily Finance Charges are then added together and the sum is the amount of Your total new Finance Charge due. 

You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month within 25 days of Your statement closing 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. Balance transfers and 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 transaction is posted to 
Your Account. 

Your Mastercard is subject to a discounted introductory Daily Periodic Rate of 0.000000% (corresponding to an ANNUAL PERCENTAGE RATE of 0.00%) for the initial six-
month  period.  Upon  the  expiration  of  the  introductory  rate  period,  Your  Daily  Periodic  Rate  will  increase  to  0.030794%  -  0.049972%  (corresponding  to  an  ANNUAL 
PERCENTAGE RATE of 11.24% - 18.24%), depending on Your creditworthiness. 

Your Student Mastercard is subject to a discounted introductory Daily Periodic Rate of 0.000000% (corresponding to an ANNUAL PERCENTAGE RATE of 0.00%) for the 
initial six-month period. Upon the expiration of the introductory rate period, Your Daily Periodic Rate will increase to 0.028767% (corresponding to an ANNUAL PERCENTAGE 
RATE of 10.50%). 

Your  Daily  Periodic  Rate  for  Secured  Mastercard  is  0.032602%  -  0.051780%  (corresponding  to  an  ANNUAL  PERCENTAGE  RATE  of  11.90%  -  18.90%),  depending  on  
Your creditworthiness. 

Your Premier Privileges Rewards Mastercard is subject to a discounted introductory Daily Periodic Rate of 0.000000% (corresponding to an ANNUAL PERCENTAGE RATE 
of 0.00%) for the initial six-month period. Upon the expiration of the introductory rate period, Your Daily Periodic Rate will increase to 0.030109% - 0.056113% (corresponding 
to an ANNUAL PERCENTAGE RATE of 10.99% - 20.49%), depending on Your creditworthiness. 

VARIABLE RATE (EXCEPT PREMIER PRIVILEGES REWARDS MASTERCARD) 
Except Premier Privileges Rewards Mastercard, all advances are subject to a Variable Rate which is based on the Prime Rate as published in the Money Rates Section of The 
Wall Street Journal on the last day of Your previous billing cycle ("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 following 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 regularly scheduled payments that You will be required to make. There is no limit on the amount by which Your 
Interest Rate can increase. 

The Margin for Mastercard will range from 5.65 - 12.65 depending on Your creditworthiness. 

The Margin for Student Mastercard is 6.25. 

The Margin for Secured Mastercard will range from 7.65 - 14.65 depending on Your creditworthiness. 

Copyright Oak Tree Business Systems, Inc., 2014-2021. All Rights Reserved. 

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