CREDIT CARD ACCOUNT AGREEMENT
Credit Union of
AND FEDERAL DISCLOSURE STATEMENT
Southern California
THIS IS YOUR CREDIT CARD ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL TRUTH-
P.O. Box 200
Whittier, CA 90608-0200
IN-LENDING DISCLOSURE STATEMENTS, VISA CU SOCAL TOPAZ, VISA PLATINUM REWARDS AND
(562) 698-8326
FAX (562) 698-2783
SECURED VISA PLATINUM REWARDS AGREEMENTS, AND ANY SPECIAL INSTRUCTIONS REGARDING
www.cusocal.org
THE USE OF YOUR VISA CU SOCAL TOPAZ, VISA PLATINUM REWARDS AND SECURED VISA PLATINUM
REWARDS CREDIT CARDS, AND/OR ANY OTHER ACCOUNT ACCESS DEVICE. PLEASE BE CERTAIN TO
READ THIS AGREEMENT CAREFULLY AND NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate
(APR) For Purchases
VISA CU SoCal Topaz:
%
This APR may vary with the market based on the Prime Rate.
VISA Platinum Rewards:
%
This APR may vary with the market based on the Prime Rate.
Secured VISA Platinum Rewards:
%
This APR may vary with the market based on the Prime Rate.
APR For Balance Transfers
VISA CU SoCal Topaz:
% Introductory APR for 6 months from the date of each transfer.
After that, Your APR will be
%. This APR will vary with the market based on the
Prime Rate.
VISA Platinum Rewards:
%
This APR may vary with the market based on the Prime Rate.
Secured VISA Platinum Rewards:
%
This APR may vary with the market based on the Prime Rate.
APR For Cash Advances
VISA CU SoCal Topaz:
%
This APR may vary with the market based on the Prime Rate.
VISA Platinum Rewards:
%
This APR may vary with the market based on the Prime Rate.
Secured VISA Platinum Rewards:
%
This APR may vary with the market based on the Prime Rate.
Penalty APR and When
19.90%
it Applies
This APR may be applied to Your Account if:
1) You make a late payment
How Long Will The Penalty APR Apply? If Your APRs are increased for this reason, the Penalty
APR applied to transactions that occur after the increase may be applied indefinitely. For
transactions that occurred prior to the effective date of the increase, the increase will apply
indefinitely unless 6 consecutive payments are received on or before the due date during the six-
month period following such increase.
Paying Interest
Your due date is at least 25 days after the close of each billing cycle. We will not charge You
interest on purchases if You pay Your entire balance owed by the due date each month. We will
begin charging interest on balance transfers and cash advances on the transaction date.
Minimum Interest Charge
If You are charged interest, the charge will be no less than $0.50.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a Credit Card, visit
the Consumer Financial
the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore.
Please refer to TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2019-2021. All Rights Reserved.
Page of 4
OTBS 016CC FRB_Web CUSC (5/21)
Fees
Transaction Fees
Cash Advance
2.00% of each advance.
Balance Transfer
For VISA CU SoCal Topaz, 2.00% of each transfer.
Foreign Transaction
1.00% of each foreign currency transaction in U.S. Dollars.
0.80% of each U.S. Dollar transaction that occurs in a foreign country.
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $10.00
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your
Account Agreement for details.
Loss of Introductory APR: We may end Your Introductory APR, and apply the Penalty APR if You make a late payment.
Billing Rights: Information on Your rights to dispute transactions and how to exercise those rights is provided in Your
Account Agreement.
Please refer to PAGE 1 for more important information about Your Account
DEFINITIONS. In this Agreement, the reference to "We," "Us," "Our" and "Credit Union" mean CREDIT UNION OF SOUTHERN CALIFORNIA. The words "You" and "Your"
mean each person accepting this Agreement. If this is a joint Account, read singular pronouns in the plural. The words "Card" and "Credit Card" mean any VISA CU SoCal
Topaz, VISA Platinum Rewards or Secured VISA Platinum Rewards Credit Card issued to You by Us and any duplicates or renewals. The word "Account" means the
VISA CU SoCal Topaz, VISA Platinum Rewards or Secured VISA Platinum Rewards Credit Card Account established for You under this Agreement. "Convenience Check"
means the special Account access devices that We may provide for Your use from time to time. If this is a joint Account, read singular pronouns in the plural.
PROMISE TO PAY. You understand that the following terms and conditions constitute Our Agreement with You. You may request advances on Your Account through a variety
of means which could include (but may not be limited to) telephonic requests, Convenience Checks, Credit Cards and the like. Regardless of the means by which any advance
is made, You promise to pay Us all amounts charged to Your Account by You or by any user who has access to Your Account, with actual, apparent or implied authority for
use of Your Account, including Finance Charges and other fees or charges described herein.
Variable Rate
Monthly
ANNUAL
Card Type
Index
Margin
Periodic Rate
PERCENTAGE RATE
VISA CU SoCal Topaz
VISA Platinum Rewards
Secured VISA Platinum Rewards
USE OF YOUR CARD. You may use Your Card to buy goods and services in any
the advances which caused You to exceed Your Credit Limit(s). Even if Your unpaid
place that it is honored and to get cash advances at participating financial institutions.
balance is less than Your Credit Limit(s), You will have no credit available during any
You agree not to use Your Card for illegal transactions including, but not limited to,
time that any aspect of Your Account is in default.
advances made for the purpose of gambling and/or wagering where such practices
are in violation of applicable state and/or federal law.
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
SECURITY. Collateral (other than household goods or any dwelling) given as security
Personal Identification Number (PIN) is requested and approved, You understand
under any other loan You may have with Us will secure all amounts You owe Us now
that any such Account access device(s) will be provided telephonically, and only to
and in the future if that status is reflected in the "Truth-in-Lending Disclosure" in any
the primary Borrower. We may refuse to follow any instructions which run counter
particular Agreement evidencing such debt.
to this provision.
CONSENSUAL LIEN ON SHARES. You grant and consent to a lien on Your
MINIMUM MONTHLY PAYMENTS (PAYMENT SCHEDULE). Though You need
shares with Us (except for IRA and Keogh accounts) and any dividends due
only pay the Minimum Monthly Payments, You understand that You have the right
or to become due to You from Us to the extent You owe on any unpaid Credit
to repay at any time without penalty. You also understand that You will only be
Card balance.
charged periodic Finance Charges to the date You repay Your entire balance. You
may make larger payments without penalty. Any partial payment or prepayment will
ACCOUNT RESTRICTIONS. In order to receive and maintain a Secured VISA
not delay Your next scheduled payment. All payments to Us must be in lawful
Platinum Rewards Credit Card, You agree to give Us a specific pledge of shares which
money of the United States. We may apply each payment to whichever Card type
will equal 105.00% of Your approved Credit Limit. In the event that You default on
We wish. Except as required by law, We may apply payments at Our discretion.
Your Secured VISA Platinum Rewards Credit Card, We may apply these shares
Any unpaid portion of the Finance Charge will be paid by subsequent payments
toward the repayment of any amount owed on such Credit Card. You may cancel Your
and will not be added to Your principal balance. You understand that any delay in
Secured VISA Platinum Rewards Credit Card at any time by paying any amounts
the repayment of Your unpaid balance will increase Your periodic Finance Charges
owed on such Card. To be certain that Your entire balance and all advances are paid,
and any acceleration in the repayment of Your unpaid balance will decrease Your
any shares pledged may not be available to You for 30 days after You have cancelled
periodic Finance Charges.
and any outstanding balance is paid in full.
Minimum Payments will be an amount equal to 3.00% of Your new unpaid balance at
LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for which
the end of each billing cycle, subject to the lesser of $25.00 or Your balance, plus any
You are approved. Unless You are in default, the Credit Limits established for You will
portion of the Minimum Payments shown on prior statement(s) which remains unpaid,
generally be self-replenishing as You make payments.
plus any amount that exceeds Your approved Credit Limit.
You will keep Your unpaid balance within Your Credit Limit(s) set by Us, and You will
You may, by separate agreement, authorize Us to charge Your payment directly to
pay any amount over Your Credit Limit(s) on Our demand whether or not We authorize
Your share or share draft account.
Copyright Oak Tree Business Systems, Inc., 2019-2021. All Rights Reserved.
Page 2 of 4
OTBS 016CC FRB_Web CUSC (5/21)
FINANCE CHARGES. In the case of any transactions under Your Account, the
the returned payment, whichever is less, for any check (or other negotiable instrument
balances subject to the periodic Finance Charge are the average daily transactions
used for payment) which is returned unpaid; (b) $20.00 for each Card that You request
balances outstanding during the month (including new transactions).
be provided on an expedited basis; (c) $10.00 for each Convenience Check that You
request stop payment; (d) $10.00 for the removal of a stop payment previously placed
To get the average daily balance for purchases, We take the beginning balance of
on a Convenience Check; (e) $3.00 each time You request We furnish a duplicate
purchases on Your Account each day, add any new purchases, debit adjustments or
copy of a statement; (f) $15.00 each time You request We furnish a copy of any sales
other charges and subtract any payments, credits and unpaid Finance Charges. This
draft, voucher or similar document; (g) $25.00 each time a Convenience Check is
gives Us the daily balance for purchases. Then, We add up all these daily balances
presented for payment (when there is insufficient available credit to pay such
for the billing cycle and divide them by the number of days in the billing cycle. The
Convenience Check), subject to a maximum of 3 such charges each calendar day;
result is the average daily balance for purchases. The Finance Charge for a billing
(h) an amount equal to 2.00% of each cash advance; and (i) for VISA CU SoCal
cycle is then computed by multiplying the average daily balance subject to a Finance
Topaz, an amount equal to 2.00% of each transfer.
Charge by the Monthly Periodic Rate. Your due date is at least 25 days after the close
of each billing cycle. You can avoid Finance Charges on purchases by paying the full
PERIODIC STATEMENTS. On a regular basis, You will receive a statement showing
amount of the entire balance owed each month by the due date. Otherwise, the new
all transactions on Your Account including amounts paid and borrowed since Your last
balance of purchases, and subsequent purchases from the date they are posted to
statement. We will mail You a statement each month in which there is a debit or credit
Your Account, will be subject to a Finance Charge.
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
To get the average daily balance for balance transfers, We take the beginning balance
against You because You defaulted. EACH STATEMENT IS DEEMED TO BE A
of balance transfers on Your Account each day, add any new balance transfers, debit
CORRECT STATEMENT OF ACCOUNT UNLESS YOU ESTABLISH A BILLING
adjustments or other charges and subtract any payments, credits and unpaid Finance
ERROR PURSUANT TO THE FEDERAL TRUTH-IN-LENDING ACT.
Charges. This gives Us the daily balance for balance transfers. Then, We add up all
these daily balances for the billing cycle and divide them by the number of days in the
OUR RESPONSIBILITIES TO HONOR CONVENIENCE CHECKS. We are under no
billing cycle. The result is the average daily balance for balance transfers. The Finance
obligation to honor Your Convenience Checks if: (1) by paying a Convenience Check,
Charge for a billing cycle is then computed by multiplying the average daily balance
You would exceed Your Credit Limit; (2) Your Cards or Convenience Checks have
subject to a Finance Charge by the Monthly Periodic Rate. Balance transfers are
been reported lost or stolen; (3) Your Account has been cancelled or has expired. If a
always subject to a Finance Charge from the later of the date they are posted to Your
postdated Convenience Check is paid and, as a result, any other Convenience Check
Account or from the first day of the billing cycle in which the balance transfer is posted
is returned unpaid, We are not responsible for any resulting loss or liability.
to Your Account.
DEFAULT. You will be in default if: (a) You do not make any payment or perform any
To get the average daily balance for cash advances, We take the beginning balance
obligation under this Agreement, or any other agreement that You may have with Us;
of cash advances on Your Account each day, add any new cash advances, debit
or (b) You should die, become involved in any insolvency, receivership or custodial
adjustments or other charges and subtract any payments, credits and unpaid Finance
proceeding brought by or against You; or (c) You have made a false or misleading
Charges. This gives Us the daily balance for cash advances. Then, We add up all
statement in Your credit application and/or in Your representations to Us while You
these daily balances for the billing cycle and divide them by the number of days in the
owe money on Your Account; or (d) A judgment or tax lien should be filed against You
billing cycle. The result is the average daily balance for cash advances. The Finance
or any attachment or garnishment should be issued against any of Your property or
Charge for a billing cycle is then computed by multiplying the average daily balance
rights, specifically including anyone starting an action or proceeding to seize any of
subject to a Finance Charge by the Monthly Periodic Rate. Cash advances are
Your funds on deposit with Us; and/or (e) We should, in good faith, believe Your ability
always subject to a Finance Charge from the later of the date they are posted to
to repay Your indebtedness hereunder is or soon will be impaired, time being of the
Your Account or from the first day of the billing cycle in which the cash advance is
very essence.
posted to Your Account.
Upon any occurrence of default, We may, to the extent permitted by law, cancel Your
For VISA CU SoCal Topaz, each balance transfer transaction, whenever made, will
rights under this Agreement, require the return of all access devices and declare the
be subject to a discounted introductory Monthly Periodic Rate of
%
entire balance of every Feature Category of Your Account immediately due and
(corresponding to an ANNUAL PERCENTAGE RATE of
%) for a period
payable, without prior notice or demand.
of six months from the date of such balance transfer. Upon the expiration of the six
month Introductory Rate period for the transferred balance, the Monthly Periodic Rate
PENALTY RATE. If Your payment is more than 60 days past due, subject to
applicable to the transferred balance existing at that time and in the future will
applicable law, the Monthly Periodic Rate applicable to Your entire balance of
immediately increase to the non-introductory variable rate that would otherwise apply.
transactions will increase to a fixed Monthly Periodic Rate of 1.6584% (corresponding
ANNUAL PERCENTAGE RATE 19.90%). During the six month period following such
The total Finance Charge You owe for each billing cycle is the sum of all the Finance
an increase, if We receive the first six consecutive required minimum periodic
Charges due for the balances of purchases, balance transfers and cash advances.
payments when due, the rate applicable to the balance of transactions that occurred
prior to the effective date of the increase will be returned to the standard rate that
The minimum FINANCE CHARGE that You will be required to pay in any billing cycle
would have otherwise been in effect.
that a Finance Charge is due is $0.50.
COLLECTION COSTS. In the event collection efforts are required to obtain payment
VARIABLE RATE. All transactions are subject to a Variable Rate which is based on
on this Account, to the extent permitted by law, You agree to pay all court costs,
the highest Prime Rate as published in the money rates section of The Wall Street
private process server fees, investigation fees or other costs incurred in collection and
Journal in effect on the last day of each calendar quarter of each year ("Index") plus
reasonable attorneys' fees incurred in the course of collecting any amounts owed
Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index
under this Agreement or in the recovery of any Collateral.
will cause changes in the Interest Rate on the first day of the billing cycle of the month
immediately following any such change in the Index. Increases or decreases in the
ENFORCEMENT. We do not lose Our rights under this or any related agreement if
Interest Rate will cause like increases or decreases in the Finance Charge and will
We delay enforcing them. We can accept late payments, partial payments or any other
affect the number of Your regularly scheduled payments. Your Interest Rate will never
payments, even if they are marked "paid in full" without losing any of Our rights under
be greater than 19.90%, and will apply to Your remaining principal balance.
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.
LATE CHARGE. If Your payment is 14 or more days late, You will be charged the
lesser of: (a) $10.00; or (b) the amount of the required minimum payment.
NOTIFICATION OF ADDRESS CHANGE. You will notify Us promptly if You move or
otherwise have a change of address.
FOREIGN TRANSACTIONS. For transactions initiated in foreign countries and
foreign currencies, the exchange rate between the transaction currency and the billing
CHANGE IN TERMS. We may change the terms of this Agreement by mailing
or
currency (U.S. dollars) will be: (a) a rate selected by VISA from the range of rates
delivering to You written notice of the changes as prescribed by the Federal Truth-In-
available in wholesale currency markets for the applicable central processing date,
Lending Act. To the extent permitted by law, the right to change the terms of this
which rate may vary from the rate VISA itself receives; or (b) the government-
Agreement includes, but is not limited to, the right to change the periodic rate
mandated rate in effect for the applicable central processing date. For transactions
applicable to Your unpaid balance and/or future advances.
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.
INTEGRATED DOCUMENTS. Any separate sheet of paper labeled "Additional
Dollars, You will be charged 0.80% of the final settlement amount. Transactions
Disclosure Federal Truth-In-Lending Act," which is delivered together with this
initiated via the internet with merchants or other parties located outside of the United
Agreement or at a later date becomes an integrated part of this Agreement
States of America are deemed to occur in the foreign country where the merchant or
and Disclosure.
other party is located.
CONSENT TO AGREEMENT. You acknowledge receipt of a copy of this Agreement.
OTHER FEES AND CHARGES. You will be charged the following fees associated
By signing the application; or by using Your Account or any Account access device;
with the use of Your Card: (a) $25.00 or the required minimum payment amount for
or by authorizing another to use Your Account, You agree to and accept its terms.
Copyright Oak Tree Business Systems, Inc., 2019-2021. All Rights Reserved.
Page 3 of 4
OTBS 016CC FRB_Web CUSC (5/21)
UPDATING AND DISCLOSING FINANCIAL INFORMATION. You will provide facts
Description of problem: If You think there is an error on Your bill, describe what
to update information contained in Your original Account application or other financial
You believe is wrong and why You believe it is a mistake.
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
You must contact Us:
standing and financial responsibility in accordance with applicable laws and
regulations. You further agree that We may give information about the status and
Within 60 days after the error appeared on Your statement.
payment history of Your Account to consumer credit reporting agencies, a prospective
At least 3 business days before an automated payment is scheduled, if You want
employer or insurer, or a state or federal licensing agency having any apparent
to stop payment on the amount You think is wrong.
legitimate business need for such information.
You must notify Us of any potential errors in writing. You may call Us, but if You do
TERMINATION. Either You or We may cancel Your Account at any time, whether or
We are not required to investigate any potential errors and You may have to pay the
not You are in default. You will, in any case, remain liable to pay any unpaid balances
amount in question.
according to the terms of Your Account.
What Will Happen After We Receive Your Letter
OWNERSHIP. Your Card remains Our property and may be cancelled by Us at any
time without notice. You agree to surrender Your Card and to discontinue its use
When We receive Your letter, We must do two things:
immediately upon Our request.
1)
Within 30 days of receiving Your letter, We must tell You that We received Your
ISSUANCE OF A PERSONAL IDENTIFICATION NUMBER. A Personal Identification
letter. We will also tell You if We have already corrected the error.
Number (PIN) can be obtained for use with participating Automated Teller Machines
2)
Within 90 days of receiving Your letter, We must either correct the error or
(ATMs). This PIN is confidential and should not be disclosed to anyone. You may use
explain to You why We believe the bill is correct.
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
While We investigate whether or not there has been an error:
Transfer, the terms and conditions of Your Electronic Fund Transfer Agreement may
also affect Your rights.
We cannot try to collect the amount in question, or report You as delinquent on
that amount.
EFFECT OF AGREEMENT. Even though the sales, cash advance, credit or other
The charge in question may remain on Your statement, and We may continue
slips You may sign or receive when using Your Card contain terms, this Agreement is
to charge You interest on that amount.
the contract which solely applies to all transactions involving the Card.
While You do not have to pay the amount in question, You are responsible for
the remainder of Your balance.
UNAUTHORIZED USE. You may be liable for the unauthorized use of Your Card.
We can apply any unpaid amount against Your Credit Limit.
You will not be liable for the unauthorized use that occurs after You notify Us of the
loss, theft, or possible unauthorized use by calling Us at (866) 287-6225, or by writing
After We finish Our investigation, one of two things will happen:
to Us at P.O. Box 200, Whittier, CA 90608-0200. In any case, Your liability will not
exceed $50.00.
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.
REFUSAL TO HONOR CARDS OR CONVENIENCE CHECKS. We are not liable for
If We do not believe there was a mistake: You will have to pay the amount in
the refusal or inability of merchants, financial institutions and others to accept the
question, along with applicable interest and fees. We will send You a statement
Cards or Convenience Checks, or electronic terminals to honor the Cards or complete
of the amount You owe and the date payment is due. We may then report You
a Card withdrawal, or for their retention of the Cards or Convenience Checks.
as delinquent if You do not pay the amount We think You owe.
TRANSACTION SLIPS. Your monthly statement will identify that merchant, electronic
If You receive Our explanation but still believe Your bill is wrong, You must write to Us
terminal or financial institution at which transactions were made, but sales, cash
within 10 days telling Us that You still refuse to pay. If You do so, We cannot report
advance, credit or other slips cannot be returned with the statement.
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
LOST CARDS OR CONVENIENCE CHECKS. To report lost or stolen Credit Cards
let those organizations know when the matter has been settled between Us. If We do
or Convenience Checks, You will immediately call Us during regular business hours
not follow all of the rules above, You do not have to pay the first $50.00 of the amount
at
(562) 698-8326 or (866) 287-6225, and after hours, on weekends and holidays, at
You question even if Your bill is correct.
(800) 556-5678. You may also write to Us at P.O. Box 200, Whittier, CA 90608-0200
to report lost or stolen Credit Cards or Convenience Checks.
Your Rights If You Are Dissatisfied With Your Credit Card Purchases
CREDITS. If a merchant who honors Your Card gives You credit for returns or
If You are dissatisfied with the goods or services that You have purchased with Your
adjustments, they will do so by sending Us a slip which will be posted to Your Account.
Credit Card, and You have tried in good faith to correct the problem with the merchant,
If Your credits and payments exceed what You owe Us, We will hold and apply this credit
You may have the right not to pay the remaining amount due on the purchase. To use
against future purchases and cash advances, or if it is $1.00 or more refund it on Your
this right, all of the following must be true:
written request or automatically deposit it to Your share account after 6 months.
1)
The purchase must have been made in Your home state or within 100 miles of
GOVERNING LAW. This Agreement is controlled and governed by the laws of the
Your current mailing address, and the purchase price must have been more than
State of California, except to the extent that such laws are inconsistent with controlling
$50.00. (Note: Neither of these are necessary if Your purchase was based on
federal law.
an advertisement We mailed to You, or if We own the company that sold You
the goods or services.)
Your Billing Rights: Keep this Document for Future Use
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
This notice tells You about Your rights and Our responsibilities under the Fair
account do not qualify.
Credit Billing Act.
3)
You must not yet have fully paid for the purchase.
What To Do If You Find A Mistake On Your Statement
If
all of the criteria above are met and You are still dissatisfied with the purchase,
contact Us in writing at P.O. Box 200, Whittier, CA 90608-0200.
If You think there is an error on Your statement, write to Us at P.O. Box 200, Whittier,
CA 90608-0200. In Your letter, give Us the following information:
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
Account information: Your name and Account number.
point, if We think You owe an amount and You do not pay, We may report You
Dollar amount: The dollar amount of the suspected error.
as delinquent.
Copyright Oak Tree Business Systems, Inc., 2019-2021. All Rights Reserved.
Page 4 of 4
OTBS 016CC FRB_Web CUSC (5/21)
PRICING INFORMATION ADDENDUM -
Credit Union of
CREDIT CARD ACCOUNT AGREEMENT
Southern California
AND FEDERAL DISCLOSURE STATEMENT
P.O. Box 200
Whittier, CA 90608-0200
(562) 698-8326 FAX (562) 698-2783
THIS IS YOUR CREDIT CARD ACCOUNT AGREEMENT AND IT INCLUDES NECESSARY FEDERAL
www.cusocal.org
TRUTH-IN-LENDING DISCLOSURE STATEMENTS, VISA CU SOCAL TOPAZ, VISA PLATINUM
REWARDS AND SECURED VISA PLATINUM REWARDS AGREEMENTS, AND ANY SPECIAL
INSTRUCTIONS REGARDING THE USE OF YOUR VISA CU SOCAL TOPAZ, VISA PLATINUM
REWARDS AND SECURED VISA PLATINUM REWARDS CREDIT CARDS, AND/OR ANY OTHER
ACCOUNT ACCESS DEVICE. PLEASE BE CERTAIN TO READ THIS AGREEMENT CAREFULLY AND
NOTIFY US AT ONCE IF ANY PARTS ARE UNCLEAR.
Interest Rate and Interest Charges
Annual Percentage Rate
VISA CU SoCal Topaz:
%
% based on Your creditworthiness at the time You
(APR) For Purchases
establish Your Account.
These APRs will vary with the market based on the Prime Rate.
VISA Platinum Rewards:
% -
% based on Your creditworthiness at the time
You establish Your Account.
These APRs will vary with the market based on the Prime Rate.
Secured VISA Platinum Rewards:
%
This APR will vary with the market based on the Prime Rate.
APR For Balance
VISA CU SoCal Topaz:
% Introductory APR for 6 months from the date of each transfer.
Transfers
After that Your APRs will be
%
% based on Your creditworthiness.
These APRs will vary with the market based on the Prime Rate.
VISA Platinum Rewards:
%
%, based on Your creditworthiness at the time You
establish Your Account.
These APRs will vary with the market based on the Prime Rate.
Secured VISA Platinum Rewards:
%
This APR will vary with the market based on the Prime Rate.
APR For Cash Advances
VISA CU SoCal Topaz:
%
%, based on Your creditworthiness at the time You
establish Your Account.
These APRs will vary with the market based on the Prime Rate.
VISA Platinum Rewards:
%
%, based on Your creditworthiness at the time You
establish Your Account.
These APRs will vary with the market based on the Prime Rate.
Secured VISA Platinum Rewards:
%
This APR will vary with the market based on the Prime Rate.
Penalty APR and When
19.90%
it Applies
This APR may be applied to Your Account if:
1) You make a late payment
How Long Will The Penalty APR Apply? If Your APRs are increased for this reason, the Penalty
APR applied to transactions that occur after the increase may be applied indefinitely. For transactions
that occurred prior to the effective date of the increase, the increase will apply indefinitely unless 6
consecutive payments are received on or before the due date during the six-month period following
such increase.
Paying Interest
Your due date is at least 25 days after the close of each billing cycle. We will not charge You interest
on purchases if You pay Your entire balance owed by the due date each month. We will begin
charging interest on balance transfers and cash advances on the transaction date.
Minimum Interest Charge
If You are charged interest, the charge will be no less than $0.50.
Please refer to TOP OF PAGE 2 for more important information about Your Account
Copyright Oak Tree Business Systems, Inc., 2019-2021. All Rights Reserved.
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Fees
Transaction Fees
Cash Advance
2.00% of each advance.
Balance Transfer
For VISA CU SoCal Topaz, 2.00% of each transfer.
Foreign Transaction
1.00% of each foreign currency transaction in U.S. Dollars.
0.80% of each U.S. Dollar transaction that occurs in a foreign country.
Penalty Fees
Returned Payment
Up to $25.00
Late Payment
Up to $10.00
How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)." See Your
Account Agreement for details.
Loss of Introductory APR: We may end Your Introductory APR, and apply the Penalty APR if You make a late payment.
Billing Rights: Information on Your rights to dispute transactions and how to exercise those rights is provided in Your
Account Agreement.
Please refer to PAGE 1 for more important information about Your Account
FINANCE CHARGES. In the case of any transactions under Your Account, the balances subject to the periodic Finance Charge are the average daily transactions balances
outstanding during the month (including new transactions).
To get the average daily balance for purchases, We take the beginning balance of purchases on Your Account each day, add any new purchases, debit adjustments or other
charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for purchases. Then, We add up all these daily balances for the
billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for purchases. The Finance Charge for a billing cycle is then
computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Your due date is at least 25 days after the close of each billing
cycle. You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month by the due date. Otherwise, the new balance of
purchases, and subsequent purchases from the date they are posted to Your Account, will be subject to a Finance Charge.
To get the average daily balance for balance transfers, We take the beginning balance of balance transfers on Your Account each day, add any new balance transfers,
debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for balance transfers. Then, We add
up all these daily balances for the billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for balance transfers.
The Finance Charge for a billing cycle is then computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Balance
transfers are always subject to a Finance Charge from the later of the date they are posted to Your Account or from the first day of the billing cycle in which the balance
transfer is posted to Your Account.
To get the average daily balance for cash advances, We take the beginning balance of cash advances on Your Account each day, add any new cash advances, debit
adjustments or other charges and subtract any payments, credits and unpaid Finance Charges. This gives Us the daily balance for cash advances. Then, We add up all these
daily balances for the billing cycle and divide them by the number of days in the billing cycle. The result is the average daily balance for cash advances. The Finance Charge
for a billing cycle is then computed by multiplying the average daily balance subject to a Finance Charge by the Monthly Periodic Rate. Cash advances are always subject to a
Finance Charge from the later of the date they are posted to Your Account or from the first day of the billing cycle in which the cash advance is posted to Your Account.
For VISA CU SoCal Topaz, each balance transfer transaction, whenever made, will be subject to a discounted introductory Monthly Periodic Rate of
%
(corresponding to an ANNUAL PERCENTAGE RATE of
%) for a period of six months from the date of such balance transfer. Upon the expiration of the six month
Introductory Rate period for the transferred balance, the Monthly Periodic Rate applicable to the transferred balance existing at that time and in the future will immediately
increase to the non-introductory variable rate that would otherwise apply.
The total Finance Charge You owe for each billing cycle is the sum of all the Finance Charges due for the balances of purchases, balance transfers and cash advances.
The minimum FINANCE CHARGE that You will be required to pay in any billing cycle that a Finance Charge is due is $0.50.
For VISA CU SoCal Topaz, all balances will be charged finances at a variable Monthly Periodic Rate of
%
% (corresponding ANNUAL
PERCENTAGE RATE
%
%), depending on Your creditworthiness.
For VISA Platinum Rewards, all balances will be charged finances at a variable Monthly Periodic Rate of
%
% (corresponding ANNUAL
PERCENTAGE RATE
%
%), depending on Your creditworthiness.
For Secured VISA Platinum Rewards, all balances will be charged finances at a variable Monthly Periodic Rate of
% (corresponding ANNUAL PERCENTAGE
RATE
%).
VARIABLE RATE. For purchases, balances are subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall street
Journal in effect on the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will
cause changes in the Interest Rate on the first day of the billing cycle of the month immediately following any such change in the Index.
For VISA CU SoCal Topaz balance transfers, following the expiration of any Introductory Rate period applicable to the transferred balance, such balance is subject to a Variable
Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street Journal in effect on the last day of each calendar quarter of each
year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the day that any Introductory
Rate period for the transferred balance expires, and subsequently, on the first day of the billing cycle of the month immediately following any such change in the Index.
Copyright Oak Tree Business Systems, Inc., 2019-2021. All Rights Reserved.
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For VISA Platinum Rewards and Secured VISA Platinum Rewards balance transfers, balances are subject to a Variable Rate which is based on the highest Prime Rate as
published in the money rates section of The Wall Street Journal in effect on the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index plus the
Margin equals the Interest Rate. Changes in the Index will cause changes in the Interest Rate on the first day of the billing cycle of the month immediately following any such
change in the Index.
For cash advances, balances are subject to a Variable Rate which is based on the highest Prime Rate as published in the money rates section of The Wall Street Journal in
effect on the last day of each calendar quarter of each year ("Index") plus Our Margin. The Index plus the Margin equals the Interest Rate. Changes in the Index will cause
changes in the Interest Rate on the first day of the billing cycle of the month immediately following any such change in the Index.
For all balances, increases or decreases in the Interest Rate will cause like increases or decreases in the Finance Charge and will affect the number of Your regularly scheduled
payments. Your Interest Rate will never be greater than 19.90%, and will apply to Your remaining principal balance.
For VISA CU SoCal Topaz, the Margin applicable to Your Account will be 3.65% - 10.65% depending on Your creditworthiness.
For VISA Platinum Rewards, the Margin applicable to Your Account will be 5.65% - 12.65% depending on Your creditworthiness.
For Secured VISA Platinum Rewards, the Margin applicable to Your Account will be 11.65%.
Copyright Oak Tree Business Systems, Inc., 2019-2021. All Rights Reserved.
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