DISCLOSURE STATEMENT AND AGREEMENT FOR VISA® PLATINUM PREMIER,  
VISA® PLATINUM BASIC AND VISA® PLATINUM SECURED 

In this Agreement, the words “you” and “your” mean each and all of those who apply for the card and 
accept this Agreement. “Card” means the VISA Credit Card and any duplicates and renewals we issue to 
access the VISA Line of Credit account with us. The word “PIN” means Personal Identification Number 
issued by us for use to access the VISA Line of Credit “Account” with us. “We”, “us”, “our” and 
“ANDREWS FEDERAL” mean Andrews Federal Credit Union. “VISA Check” means the VISA checks we 
issue to access the VISA Line of Credit account with us. 

1. ACCEPTANCE OF CARDHOLDER AGREEMENT AND USE OF CARD AND VISA CHECKS. When 
you accept or use our Card or VISA Checks, or if you use a Card or VISA Check issued under an 
Account we hold, you agree to the terms in this Agreement. You must sign your Card before you can use 
it. All Cards issued to you remain our property and must be returned to us upon request. You may use 
your Card to purchase or lease goods or to purchase services (“Purchases”) from a participating VISA 
plan merchant. You may also obtain loans (“Cash Advances”) from us or any financial institution that 
accepts the Card. To make a Purchase or obtain a Cash Advance, you may use any of the following 
procedures. First, you may present the Card to a participating VISA plan merchant, to us, or to another 
financial institution, and sign the sales or Cash Advance draft which will be imprinted with your Card or 
part or all of your Card number. As an alternative, you may complete the transaction by using your 
Personal Identification Number (PIN) when required in conjunction with the Card in an Automated Teller 
Machine or other type of electronic terminal that provides access to the VISA system. You may transfer 
balances from other creditors by contacting us. You also may use VISA Checks that we may issue to you. 
You may use the VISA Checks to obtain a Cash Advance or make Purchases up to your available Credit 
Line. VISA Checks may be used like any other check; however, you agree not to make any payment on 
your Account with a VISA Check. All VISA Checks will be treated as Cash Advances for the purpose of 
computing FINANCE CHARGES. 

Your Account may be used for lawful transactions only. You agree that use of your Card and/or 

VISA Checks for illegal transactions (including, but not limited to, unlawful gambling) will be deemed a 
default and/or breach of this Agreement and may result in the termination of your Account and other 
actions stated in the “Default” provisions of this Agreement. 

If you use your Account for illegal transactions, you waive any right to sue ANDREWS FEDERAL 

for such illegal transactions or any activity directly or indirectly related to it. Additionally, you agree to 
indemnify and hold us harmless from any suits or other legal action or liability, directly or indirectly, 
relating from such illegal transactions. 

2. RESPONSIBILITY. You promise to pay us the total amount of each Purchase and Cash Advance 
resulting from the use of the Card, VISA Checks, or your Account, plus any finance charge and other 
charges due under the terms of this Agreement. All payments must be made in U.S. Dollars and delivered 
or mailed to us at the address shown on your periodic statement. For example, you are responsible for 
charges made by yourself, as well as charges made by joint users. You are also responsible for charges 
made by anyone else to whom you give the Card and/or VISA Check, and this responsibility continues 
until you recover the Card and/or VISA Check and all charges are paid. Your obligations to pay the 
Account balance continue even though an agreement, divorce decree, or other court judgment to which 
we are not a party, may direct a joint user or any other person responsible under this Agreement to pay 
the Account. Any person using the Card and/ or VISA Check is jointly and severally responsible with you 
for charges he or she makes, but if that person signs a Card he or she becomes a party to this 
Agreement and is also jointly and severally responsible for all charges on the Account, including yours. 

 
 
 
 
 
 
 
 
 
 
3. LIABILITY FOR UNAUTHORIZED USE. As provided from time to time in VISA’s Operation 
Regulations, when a transaction is processed through the VISA network, you will not be liable for 
unauthorized use of your Card or VISA checks unless you were grossly negligent in the handling of your 
Account or Card. You may be liable for unauthorized use of your Card or VISA Checks when the 
transaction is not processed through the VISA network, like at ATMs or other non-VISA branded 
transactions when a PIN is required and in all cases when you were grossly negligent in the handling of 
your Account or Card but in any event, your liability will not exceed $50.00. Also, you will not be liable for 
unauthorized use of your Card or VISA Checks that occurs after you notify us by telephone or in writing 
as indicated below. In all cases, immediately upon learning of the loss, theft or possible unauthorized use 
of your Card and/or VISA Checks, you agree to notify us by calling 1-800-449-7728 during regular 
business hours, weekends, holidays, or after Credit Union hours; or by writing to: Andrews Federal Credit 
Union, 5711 Allentown Road, Suitland, Maryland 20746 (Attention: Operations Department). You agree to 
give us your complete cooperation in our efforts to recover any stolen Card and/or VISA Check and 
amounts due from unauthorized users and to have unauthorized users prosecuted. 

4. CREDIT LINE. Upon approval of your application, a self-replenishing Line of Credit will be established 
for you up to the enclosed credit limit. You agree not to let the Account balance exceed this approved 
Credit Line. Each payment you make on the Account will restore your Credit Line by the amount of the 
payment which is applied to the principal. You may request an increase in your Credit Line by application 
to us, which must be approved by us. By giving you written notice, we may reduce your Credit Line from 
time to time. We can honor Purchases or Cash Advances in excess of your approved Credit Line at any 
time, but the decision is up to us. If we do so, this Agreement will cover those Purchases and Cash 
Advances and you agree to pay us the amount in excess of your approved Credit Line immediately. If you 
write a VISA Check that would exceed your approved Credit Line, we either may return the check to the 
payee without payment or honor the check and demand payment from you of the excess amount. When 
demanded, you immediately will repay the excess amount. You agree that we are not liable to you for any 
VISA Check returned. 

5. CLOSING YOUR ACCOUNT. You may close your Account any time in person, by telephone or by 
notifying us in writing. Notice by any one of you is effective to close your Account for all of you. If you 
close your Account, you will still be required to pay any amounts you owe us, including Purchases, other 
charges, and Cash Advances that have not been billed to you yet. If someone else is authorized to use 
your Account and you want to end that person’s privilege, you must let us know in writing and we have a 
reasonable opportunity to act on that notice before transactions by that person shall be deemed 
“unauthorized.” If he or she has a Card or VISA Check, you must return the Card and VISA Checks with 
your written notice. If you are unable to return that person’s Card and VISA Checks, we will close the 
Account and both you and the authorized user of your Account may apply for a new Account. If we close 
the Account, you and the authorized user will still be liable, individually and together, for all amounts 
charged to your Account.  

Except where specific notice is required by law, we can cancel your Account any time by telephone or by 
writing to you at the address shown on our billing records. You will still be required to pay any amounts 
you owe us, including Purchases, other charges, and Cash Advances that have not been billed to you 
yet. You are also required to return all Cards and VISA Checks to us. 

6. CREDIT INFORMATION. You authorize us to investigate your credit starting when opening, renewing, 
or reviewing your Account, and you authorize us to disclose information regarding your Account to credit 
bureaus and other creditors who inquire of us about your credit standing to the extent authorized in our 
bylaws or by federal or state law. You will furnish us promptly on request from time to time updated 
information regarding your financial condition. 

7. MONTHLY PAYMENT. We will mail you a statement every month showing your Minimum Payment 
required. Every month you must pay at least the Minimum Payment within 25 days of your statement 
closing date. You may of course, pay more frequently, pay more than the Minimum Payment, or pay the 
Total New Balance in full, and you will reduce or eliminate the FINANCE CHARGE by doing so. On a Visa 
Platinum Premier card, the Minimum Payment will be either (a) 2% of your Total New Balance, or $15.00, 
whichever is greater, or (b) your Total New Balance, if it is less than $15.00. On a Visa Platinum Basic or 
Visa Platinum Secured card, the Minimum Payment will be either (a) 3% of your Total New Balance, or 

 
 
 
 
 
 
$15.00, whichever is greater, or (b) your Total New Balance if it is less than $15.00. The Minimum 
Payment will be rounded off to the next whole dollar.  

Payments made to your Account will be applied in the following order: Payments in excess of the 
Minimum Payment Due will be applied in accordance with the law and payments equal to or less than the 
Minimum Payment Due will be applied at our discretion. All communications to ANDREWS FEDERAL 
concerning disputed debts, including a check or other instrument sent by you in full satisfaction of your 
indebtedness, must be sent to: Andrews Federal Credit Union, 5711 Allentown Road, Suitland, Maryland 
20746 (Attention: Operations Department). For ACH (automatic clearing house) payment in full, the 
payoff balance is calculated on the previous month’s ending balance less current cycle payments. 

8. FINANCE CHARGES ON PURCHASES. No FINANCE CHARGE will be charged on Purchases if you 
pay the entire New Balance of Purchases each month within 25 days of your statement closing date. 
Otherwise, the amount of any Purchase will bear FINANCE CHARGES from the date it is posted to your 
Account.  

On each billing date, we figure the FINANCE CHARGE on your Purchases by applying the “Current 
Monthly Periodic Rate” to the “Average Daily Purchases Balance.” To get the Average Daily Purchases 
Balance we take the beginning Purchases Balance each day, subtract any payments or credits, and add 
new Purchases and other charges provided for in this Agreement. We do not include unpaid FINANCE 
CHARGES. This gives us the “Daily Purchases Balance.” Then, we add all the Daily Purchases Balances 
for the billing cycle together and divide the total by the number of days in the billing cycle. This gives us 
the Average Daily Purchases Balance. 

9. FINANCE CHARGES ON CASH ADVANCES. On each billing date, we figure the FINANCE CHARGE 
on your Cash Advances by applying the Current Monthly Periodic Rate to the “Average Daily Cash 
Advance Balance.” A Cash Advance will bear FINANCE CHARGES from the transaction date. To get the 
Average Daily Cash Advance Balance, we take the beginning Cash Advance Balance each day, add new 
advances and subtract any payments or credits. We do not include unpaid FINANCE CHARGES. This 
gives us the Daily Cash Advance Balance. Then, we add together all the Daily Cash Advance Balances 
for the billing cycle and divide the total by the number of days in the billing cycle. This gives us the 
Average Daily Cash Advance Balance. 

10. FINANCE CHARGES. On Visa Platinum Premier or Basic, the ANNUAL PERCENTAGE RATE (APR) 
will increase or decrease as the Prime Rate (as defined below) in effect on the 1st of December each 
year (the Index) increases or decreases. Any increase or decrease in the Index and resulting change to 
your ANNUAL PERCENTAGE RATE will be effective as of the 1st day of your next billing cycle and will 
apply: (a) to all Purchases, Balance Transfers and Cash Advances made on or after the effective date 
and (b) to any prior account balance outstanding as of the effective date. In this way, the ANNUAL 
PERCENTAGE RATE will not increase more than once a year. The ANNUAL PERCENTAGE RATE (the 
standard rate) for purchases, balance transfers and cash advances are shown on the enclosed Credit 
and Fee Disclosure that is part of this Agreement. For Visa Platinum Premier, this standard rate is 
determined by adding a margin of 6.0%, 7.0% or 8.0% to the Index. For Visa Platinum Basic, this 
standard rate is determined by adding a margin of 18.0% to the Index. The rate on the account will not 
exceed 18.0% APR. Each increase and decrease may have the effect of increasing or decreasing your 
Minimum Payment.  

On Visa Platinum Secured, the ANNUAL PERCENTAGE RATE will increase or decrease as the 
Prime Rate (as defined below) in effect on the 15th of December, March, June and September each year 
(the Index) increases or decreases. Any increase or decrease in the Index and resulting change to your 
ANNUAL PERCENTAGE RATE will be effective as of the 1st day of your new billing cycle in the month 
immediately following a change in the Index (that is, as of the 1st day of your new billing cycle that begins 
in January, April, July and October (called, respectively the “Effective Date”)) and will apply: (a) to all 
Purchases, Balance Transfers and Cash Advances made on or after the effective date and (b) to any 
prior account balance outstanding as of the effective date. In this way, the ANNUAL PERCENTAGE 
RATE will not increase more than four times a year. The ANNUAL PERCENTAGE RATE (the standard 
rate) for purchases, balance transfers and cash advances are shown on the enclosed Credit and Fee 
Disclosure that is part of this Agreement. For Visa Platinum Secured this standard rate is determined by 
adding a margin of 11.25% to the Index. The rate on the account will not exceed 18.0% APR. Each 

 
 
 
 
 
 
 
increase and decrease may have the effect of increasing or decreasing your Minimum Payment.  

As used in this Agreement, the “Prime Rate” in effect on any day is the per annum rate reported 

at large U.S. money center commercial banks in The Wall Street Journal in its Money Rates section, a 
compilation of key United States and foreign annual interest rates. If more than one Prime Rate is 
reported, the highest rate reported shall be the Prime Rate. If no Prime Rate is reported on such day, the 
Prime Rate is the per annum rate next reported after such day as the Prime Rate at large U.S. money 
center commercial banks in The Wall Street Journal’s Money Rates section. The Index is available to you 
and verifiable by you at any of our offices. If the Index becomes unavailable, we may, at our option, 
choose another Index, made readily available to and verifiable by you and beyond our control, and 
change the Margin used. If this happens, the substitute Index will, for the purposes of this Agreement, be 
considered to be the “Index”. FINANCE CHARGES shall continue to accrue at the foregoing rates until 
you pay your Account as described above or we get a judgment against you and are required by law to 
charge a lower rate. 

11. FEES. You agree to pay certain fees in connection with your Account as shown on the enclosed 
Credit and Fee Disclosure that is part of this Agreement. These fees may be added to your Account as a 
Purchase when they are imposed. 

12. DEFAULT. In addition to other events of default stated in the Agreement, you will be in default of this 
Agreement if (i) you do not make any required payment by the date it is due, or if you fail to comply with 
or perform any of the terms, conditions, or provisions of this Agreement; (ii) you begin, or any other 
person puts you in, a bankruptcy, insolvency, or receivership proceeding; (iii) you have furnished to us 
any credit information that is materially incorrect in any respect; (iv) you attempt to make Purchases or 
Cash Advances in excess of your credit limit without our permission; or (v) you die. We have the right to 
demand immediate payment of your full Account balance if you default, subject to our giving you any 
notice required by law. Unless prohibited by law, you will also be required to pay our collection expenses, 
including court costs and reasonable attorney’s fees. Our failure to exercise any of our rights when you 
default does not mean that we are unable to use those rights later with regard to that or another default. 
We can accept late payments or partial payments without losing any of our rights under this Agreement. 

13. NOTICES. Notice sent to any one of you will be considered notice to all. Any notices we give you 
shall be in writing and deemed given when deposited in the U.S. mail, with postage prepaid and 
addressed to you at your last known address in our records for your Account or when sent by e-mail (if 
you use our Internet banking services) to your last known internet address. Your notices to us must be in 
writing and sent to the address shown in your most recent billing statement or as otherwise specified in 
this Agreement. If a specific notice period or type of notice is required by applicable law, the notice will be 
made and will be binding in accordance with such law. 

14. FOREIGN TRANSACTIONS. Purchases and cash advances made in foreign countries and foreign 
currencies will be billed to you in U.S. dollars. The exchange rate for transactions in a foreign currency will 
be 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 the 
government mandated rate in effect for the applicable central processing date, in either case, plus 1% of 
the amount of the foreign currency purchase or cash advance after its conversion into U.S. dollars. The 
exchange rate in effect on the central processing date may differ from the rate in effect on either the 
transaction date or the posting date. The exchange rate is subject to change by VISA. 

15. TELEPHONE MONITORING. To ensure that you received accurate and courteous customer service, 
on occasion, your call may be monitored by our employees or agents and you agree to any such 
monitoring. 

16. PLAN MERCHANT DISPUTES. We are not liable for the refusal of any plan merchant or financial 
institution to honor your Card and/or VISA Check. 

17. SECURITY. Through the Credit/Security Agreement Plus Plan you signed you have granted to us a 
security interest in your share accounts at ANDREWS FEDERAL. In addition, the provisions of the 
Credit/Security Agreement Plus Plan are incorporated into the terms of this Agreement. 

 
 
 
 
 
 
 
 
 
 
18. BILLING ADDRESS. If your Account is a joint account or if more than one person is permitted to use 
the Account, you agree that all notices regarding the Account may be sent solely to the address shown on 
our billing records. You agree to give us written notice of any change in your billing address. You may do 
this when you mail us a payment or you may send the notice to us in a separate letter. 

19. EFFECT OF AGREEMENT AND AMENDMENTS. This Agreement governs all transactions on your 
Account even though the sales, Cash Advance, credit, or other slips you sign or receive may contain 
different terms. We may amend the terms of this Agreement at any time. If we do so, we will notify you in 
writing in accordance with applicable law. Except as limited by applicable law, any amendment will apply 
to all then outstanding unpaid indebtedness on your Account prior to the effective date of the amendment. 
Any such amendment will not require your written consent, and will become effective as stated in the 
notice, but your consent (if required by applicable law) may be evidenced by your use of the Card or VISA 
Check after we give you notice of the amendment. We may at any time add new credit services, 
discontinue any credit services, or replace your Card and/or VISA Checks with others. We extend credit 
under Subtitle 9 of Title 12 of the Commercial Law Article of the Annotated Code of Maryland except to 
the extent pre-empted by federal law. This Agreement is governed by the internal laws of Maryland and 
federal law.  

20. VISA PLATINUM REWARD CARD POINTS. Earned points will expire at the end of four years. 

YOUR BILLING RIGHTS 
KEEP THIS NOTICE FOR FUTURE USE 

This notice contains important information about your rights and 
our responsibilities under the Fair Credit Billing Act. 

NOTIFY US IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR BILL 

If you think your bill is wrong, or if you need more information about a transaction on your bill, write us on 
a separate sheet at the address listed on your bill. Write to us as soon as possible. We must hear from 
you no later than 60 days after we sent you the first bill on which the error or problem appeared. You can 
telephone us at 1-800-654-7728, but doing so will not preserve your rights. In your letter, give us the 
following information: 

•   Your name and account number. 
•   The dollar amount of the suspected error. 
•   Describe the error and explain, if you can, why you believe there is an error. If you need more 

information, describe the item you are not sure about. 

If you have authorized us to pay your credit card bill automatically from your savings or share draft 
account, you can stop payment on any amount you think is wrong. To stop the payment your letter must 
reach us three business days before the automatic payment is scheduled to occur. 

YOUR RIGHTS AND OUR RESPONSIBILITIES AFTER WE  
RECEIVE YOUR WRITEN NOTICE 

We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 
days, we must either correct the error or explain why we believe the bill was correct. 

After we receive your letter, we cannot try to collect any amount you question, or report you as 
delinquent. We can continue to bill you for the amount you question, including finance charges, and we 
can apply any unpaid amount against your credit limit. You do not have to pay any questioned amount 
while we are investigating, but you are still obligated to pay the parts of your bill that are not in question. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
If we find that we made a mistake on your bill, you will not have to pay any finance charges related to any 
questioned amount. If we did not make a mistake, you may have to pay finance charges, and you will 
have to make up any missed payments on the questioned amount. In either case, we will send you a 
statement of the amount you owe and the date that it is due. 

If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our 
explanation does not satisfy you and you write to us within ten days telling us that you still refuse to pay, 
we must tell anyone we report you to that you have a question about your bill. And, we must tell you the 
name of anyone we reported you to. We must tell anyone we report you to that the matter has been 
settled between us when it finally is. If we do not follow these rules, we can not collect the first $50 of the 
questioned amount, even if your bill was correct. 

SPECIAL RULE FOR CREDIT CARD PURCHASES 

If you have a problem with the quality of property or services that you purchased with a credit card, and 
you have tried in good faith to correct the problem with the merchant, you may have the right not to pay 
the remaining amount due on the property or services. There are two limitations on this right: 

(a) You must have made the purchase in your home state or, if not within your home state, within 100 
miles of your current mailing address; and 

(b) The purchase price must have been more than $50.  

These limitations do not apply if we own or operate the merchant, or if we mailed you the advertisement 
for the property or services. 

 
 
 
 
 
 
 
VISA PLATINUM PREMIER, PLATINUM BASIC AND PLATINUM SECURED CREDIT 
CARD 
CREDIT & FEE DISCLOSURE (VARIABLE RATE) 

Interest Rate and Interest Charges 

Annual Percentage Rate (APR) for 
Purchases 

APR for Balance Transfers 

APR for Cash Advances 

Platinum Premier: 3.9% introductory APR for 9 months.   
After that, the APR may be 9.25% to 11.25%, depending on 
your creditworthiness.                         
Platinum Basic:18.00%                        
Platinum Secured:14.50% 

The purchase APRs (other than the introductory rate) will vary with 
the market based upon the Prime Rate. 
Platinum Premier: 3.9% introductory APR for 9 months. 
After that, the APR may be 9.25% to 11.25%, depending on your 
creditworthiness.                          

Platinum Basic: 18.00%                           
Platinum Secured: 14.50%  

All balance transfer APRs will vary with the market based on the 
Prime Rate. 
Platinum Premier: 3.9% introductory APR for 9 months. 
After that, your APR may be 9.25% to 11.25%, depending on your 
creditworthiness.                          

Platinum Basic: 18.00%  
Platinum Secured: 14.50%  

How to Avoid Paying Interest on 
Purchases 

Minimum Interest Charge 

For Credit Card Tips from the 
Federal Reserve Board 

All cash advance APRs will vary with the market based on the Prime 
Rate. 
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.    
None 

To learn more about factors to consider when applying for or using a 
credit card, visit the website of the Federal Reserve Board at 
http://www.federalreserve.gov/creditcard. 

Fees 

Annual Fee 
Transaction Fees 

None 

  Foreign Transaction 

1% of each transaction in U.S. dollars 

Penalty Fees 

  Late Payment 
  Returned Payment 

Up to $25.00 
Up to $25.00 

How We Will Calculate Your Balance:  We use a method called “average daily balance” (including new 
purchases).   

Effective Date: The information about the costs of our credit cards is accurate as of September 1, 2010.  This 
information may have changed after that date.  To find out what may have changed, write us at Andrews 
Federal Credit Union, PO Box 4000, Clinton, MD 20735-8000 or call us at 800.487.5500.