IMPORTANT DISCLOSURES (KEEP FOR YOUR RECORDS)
*ANNUAL PERCENTAGE RATE
as low as 11.50 %
-Visa Rewards
as low as 6.0%
-Visa
as low as 13.24% -Overdraft Line of Credit
VARIABLE RATE
INFORMATION
GRACE PERIOD FOR
REPAYMENT OF THE
BALANCES OF PURCHASES
METHOD OF COMPUTING
BALANCE OF PURCHASES
ANNUAL FEES
MINIMUM FINANCE CHARGE
TRANSACTION FEE FOR
PURCHASES
OTHER FEES
CREDIT PURCHASE REBATE
INFORMATION
The term Periodic Rate as used herein is l/365th of the Variable Annual Percentage Rate. For
transactions listed in this paragraph other than cash advances, the Periodic rate changes
monthly as the Variable Annual Percentage Rate changes. The Variable Annual Percentage
Rate is equal to the New York Prime Index rounded up to the next one• quarter percent plus (i)
3.74% Visa credit card (ii) 5.74% Visa Point Reward credit card (iii) 8% for Visa Cash Reward
credit card (iv) 6%/9% for Visa Check card. The rates are subject to change on the first day of
each month. We will use the most recent Index value available to us as of the 15th day of the
month prior to any annual percentage rate adjustments. The minimum rates are 4.74% for
Visa credit card, 6% for Visa Platinum credit card, 6.74% for Visa Point Reward credit card, 9%
for Visa Cash Reward credit card, and 9% for Visa Check card. The maximum rate will never be
greater than that allowed by law. The rate applicable for each month will be set forth in your
regular statement. The Periodic Rate for Visa cash advances is a fixed rate of 18%.
Not less than 25 days for Visa. None for Overdraft lines of credit
Average Daily Balance (including new purchases.) This is figured by adding the outstanding
balance (including new purchases and deducting payments and credits) for each day in the
billing cycle, and then dividing by the number of days in the billing cycle.
NONE
NONE
NONE
Transaction Fee for Cash Advances – None
Late Payment Fee – up to $25
An annual rebate will be given on your VISA Rewards Card credit purchases made over a 12
month period (Dec 1-Nov 30) decreased by any purchase credits and excluding cash advances,
advances made to pay off other loans, point of sale “Debit” purchases, or any other increase of
your VISA account balance, e.g. fees, interest charges. The amount of the rebate is computed
on the amount of Visa credit card purchases made over the 12 month reporting period
according to the following breakdown: ¼% on the portion of annual purchases $0 to $1,000,
½% on the portion of the annual purchases $1,000 to $2,000, ¾% on the portion of annual
purchases $2,000 to $3,000, 1% on the portion over $3,000. The purchases rebate will be
credited to your share savings account by the end of December. Rebates credited to accounts
in good standing.
*These rates were in effect as of 1st day of May 2014. Rates are subject to change monthly. For updated rate
information, please call 801-223-UCCU(8228) or visit www.uccu.ccom. Rates subject to credit history.
Your Agreement
Your signature certifies that your information is true and complete and that you agree that: We, Utah Community Credit Union, may process your
application, verify your information including credit references and employment and obtain credit reports (including your spouses’ if you live in a
community property state.) You will be bound by the Visa Cardholder Agreement which we will send to you when we issue your card(s). Account material
(including cards, checks, monthly statements, and notices) may be sent to any Cardholder who will be responsible for delivering them to other
Cardholders. All terms are subject to change. Account and Agreement Terms are not guaranteed for any period of time; all term, including the apps APRs
and fees, may change at any time for any reason.
Utah Community Federal Credit Union
VISA CARDHOLDER
AGREEMENT
Notice to Borrower: This document contains provisions for a
variable interest rate.
The following Cardholder Agreement is applicable to all accounts
with Visa check cards, Visa credit cards, or credit card plans. The
term "Card" in this Agreement refers to each and every Visa check
card, Visa credit card issued by Utah Community Federal Credit
Union (hereinafter "Credit Union"), and to any other method or
means that the Credit Union provides to access Visa debit and credit
card products and plans. The terms "you" and "Member" shall refer
both individually and collectively to each and every person or entity
who is an account holder on the account for which the Card is issued
or made available. The term "your" shall be deemed the possessory
form of "you" and shall be used to identify ownership by Member.
The terms “we” and “us” shall refer to Credit Union. The Term
“our” shall be deemed the possessory form of “we” and “us” and
shall be used to identify ownership by Credit Union. Whenever the
context requires, the singular shall include the plural, the plural shall
include the singular, the whole shall include any part thereof, and
any gender shall include both male and female.
By signing, requesting, using or permitting others to sign or use
a Card issued by us, you covenant and agree to comply with all
procedures required by us and to be bound by the following terms
and conditions.
1 . The Card is the property of Credit Union and you agree
to surrender the Card upon demand. We may terminate this
Agreement and retake the Card without notice at any time. You
may terminate this Agreement by returning the Card to us and
paying the outstanding balance on your account in full, including
but not limited to interest, fees, and charges.
2. Your liability for lost, stolen, or other unauthorized use of a
Visa-branded Card will be $0 if you immediately report the loss or
theft of the Card to us . The limitation of liability just above does
not apply to certain business transactions, ATM cash transactions,
or non-Visa PIN-less debit transactions. If the Card is lost or
stolen, call us immediately at 1-800-453-8188. Your losses may
also be limited by the Electronic Funds Transfer Act (“EFTA”).
By using your account, you acknowledge and agree that you have
received a copy of our EFTA Disclosures. Note that if you wait
for more than 48 hours to report an unauthorized use of your Card,
you may lose up to $500.00 even if the charges in question would
have been covered by the EFTA. If you wait longer than 60 days
from the time we make your statement available, you may lose
all funds in your account and the full amount of any overdraft
line of credit. To the extent permitted by law, you may be liable
for greater amounts than the amounts listed in this paragraph if
you were grossly negligent or fraudulent in the handling of your
account or Card.
3. You shall hold in strict confidence your Personal Identification
Number (PIN). If you lose your card and/or PIN, you hereby agree
to hold us harmless for any and all transactions from the time of
loss until such notification.
4. You agree to cooperate fully with any and all investigations
by us or law enforcement, including but not limited to, promptly
and accurately completing affidavits and forms required to
address concerns or attempt recovery of funds.
5. You shall pay us on or before the payment due date shown on
your account monthly statement, either (a) the entire amount then
due, or (b) minimum payment which shall not be less than 3.5%
(Visa check cards), 2.5% (Visa Platinum and Platinum Rewards
credit cards) of the outstanding balance or $25.00, whichever is
greater. Balances less than $25.00 are payable in full. Payment
is due each month. If you do not pay at least the amount of the
minimum required payment shown on any periodic statement
within TEN (10) days after the payment due date, we may impose
a late charge up to $25.00. If you miss a payment or break any
other promise made under this Agreement, we may declare the
entire unpaid balance due and payable at once without notice
or demand. We may also declare the entire unpaid balance due
and payable at once without notice or demand if you have made
any misrepresentation in applying for credit or if any occurrence
indicates to us that you may be unable or unwilling to repay the
loans made under this Agreement. We may accept late payments
or partial payment or checks or money orders marked "payment
in full" without losing any of our rights under this Agreement or
any other Agreement with you. You acknowledge and agree that
any payment marked "payment in full" or marked with a similar
notation shall not constitute full payment unless the amount of the
payment is sufficient to pay the full balance owed.
6. The acceptance, use, or signing of a Card by you shall
constitute your consent to any change in the terms of this
Agreement and disclosure statement as we may subsequently elect
to make after we have provided notice if required by law. Without
limiting the forgoing, you expressly acknowledge and agree that
we may increase applicable interest rate(s) by giving notice of
any such change at least 45 days prior to the effective date of
such change. Your failure to exercise any right you may have to
reject the change or close your account before the change goes
into effect shall constitute your agreement to the change. Except
as restricted or prohibited by law, any change in terms may, at our
sole discretion, apply to your existing account balance as well as
future transactions.
7. In the event of default under this Agreement, including but
not limited to failure to make payment when due, your death,
bankruptcy, or insolvency, or attachment or levy against any
portion of your property, the entire amount of your outstanding
indebtedness may be declared due and payable at our sole
election. If you fail to pay said entire outstanding indebtedness
on our demand, you agree to pay all our attorney's fees and
collection costs incurred as the result of your breach, whether
suit is initiated.
8. You agree that we are not liable or otherwise responsible for
the refusal of any merchant, financial institution, or other party
to honor a Card. We shall not be liable or otherwise responsible
for the failure of an ATM to honor your Card, disperse cash,
or otherwise perform as you request. If you use your Card to
purchase goods or services more than 100 miles from your home
(outside of your home state) or for less than $50, we may refuse
to submit a chargeback on your behalf. When dealing with a
merchant, you are encouraged to carefully review the merchant’s
return policy; you may be bound by that policy regardless of
whether you obtain it. If we work with you to submit a chargeback
through the Visa or other system and the chargeback is ultimately
denied or not honored, you agree to pay for the item(s) at issue
plus finance charges and any applicable fees published by us.
9. We are not liable or otherwise responsible if we decline
a transaction or otherwise refusing to process a transaction
even if you have sufficient funds in your account to pay for
the transaction. We may limit the number and dollar amount
of transactions that you can complete in one day. If we detect
unusual or suspicious activity on your account, we may suspend
your credit privileges until we confirm verify the activity, but we
are not required to verify unusual or suspicious activities. We
may approve transactions that cause the balance to go negative
or exceed your revolving line of credit limit without waiving any
rights under this Agreement.
10. You authorize us to investigate your credit standing
when opening or reviewing your account. You authorize us to
disclose information regarding your account to credit bureaus and
creditors who inquire about your credit standing. A negative credit
report reflecting your credit record may be submitted to one or
more credit reporting agency if you fail to fulfill the terms of your
credit obligations at any time and may thereafter remain reported
as permitted by law.
11. You cannot transfer or assign your account to any other
person (natural or otherwise). If there is any conflict between a
receipt or slip you are given and this Agreement, this Agreement
shall control.
12. This Agreement shall be governed by applicable federal
and state law. When state law applies, this Agreement shall be
governed by Utah law without regard to any conflict of law rules
or principles.
13. This Agreement is binding upon your heirs, representatives,
successors, and assignees.
14. If you move, you shall provide us with your new address
within three (3) business days of moving.
15. We may assess you a research fee according to the current
fee schedule for any research that you request on your account
when the result of said research does not show any erroneous
billing as defined by the Federal Truth in Lending Act or as
defined by the Utah Consumer Credit Code. We may also assess
any other fee disclosed to you in advance in accordance with
applicable law. You hereby agree that you shall at all times be
deemed to have received a copy of our latest Fee Schedule.
16. We may decline any transaction that causes you to go over
your credit limit. If by chance a transaction does cause you to
go over your credit limit, we will not charge an over-the-limit
fee. Even if you do exceed your credit limit, you are responsible
for all transactions you authorize or that result from your gross
negligence if not prohibited by law.
17. Regarding Visa check card the following conditions
22) apply.
(16-
18. The card must be signed with the same signature as
required for your checking account.
19. If you apply and qualify, we may establish a pre-arranged
line of credit in an amount determined by us as overdraft
protection. If the credit limit is exceeded we may close the line of
credit and recall any Cards issued to you.
20. In the event your checking account becomes overdrawn,
you hereby request and authorize us to transfer from your
overdraft protection account to your checking account, the
amount necessary to cover said overdraft, up to your remaining
overdraft protection account line of credit in accordance with this
Agreement.
21. A transaction which overdraws your checking account shall
be deemed an extension of credit by us to you.
22. You agree to maintain on deposit at all time, sufficient
funds to cover all transactions and to pay all cash withdrawals,
drafts, checks, and electronic funds transfers. Transactions created
by use of a card are subject to the terms and conditions of this
Agreement and any other agreement between you and us as
modified by us from time to time.
23. In addition to the principal amount of transfers/payments
made by us to cover overdrafts on your checking account, purchases
or cash advances, you shall pay us a FINANCE CHARGE on the
Visa check card as described below in Subparagraphs A and C,
and on the Visa credit cards as described below in Subparagraphs
B and C.
A. Visa check card.
(1) The FINANCE CHARGE is computed on a daily basis
and is based on the actual amount of money outstanding for the
number of days that amount is outstanding.
(2) A FINANCE CHARGE is imposed on advances from
the date of posting to your account until the date of repayment
and is calculated using the actual balance in the loan account
each day after payments and credits have been subtracted and
advances and other charges have been added. The amount
of FINANCE CHARGE is determined by multiplying this
actual balance by the Periodic Rate for each day since the last
payment was made on the account.
B. Visa Credit with interest free period.
(1) FINANCE CHARGE is imposed on advances, charges,
and purchases (except as referred to in paragraph (2) below)
from the date of posting to yours account until the date of
repayment and is calculated by multiplying the Average Daily
Balance by the Periodic Rate for each day since the last
payment was made on the account. The Average Daily Balance
is the sum of the unpaid daily ending balance on each day of
the billing cycle divided by the number of days in the billing
cycle. Said unpaid balances are determined by deducting
payments and credits applied against such unpaid balances
and by adding charges, advances and purchases as of the date
posted to your account.
may have with us. The amount of any purchase or transfer by
you may be placed on hold for up to three (3) days or may be
deducted from your checking account automatically - therefore,
you should be certain you have adequate funds to cover each and
every purchase.
(2) FINANCE CHARGE is not imposed on: (A) new
purchases posted during a billing cycle if (a) you paid the
Payoff Balance shown on the billing statement covering the
preceding billing cycle if paid within 25 days of the current
statement date or such Payoff Balance was zero and (b) you
pay the Payoff Balance shown on the current billing statement
itemizing the new purchases by the Payment Due Date shown
on the billing statement; (B) Old purchases posted for a billing
cycle during which you pay the Payoff Balance shown on the
billing statement covering the preceding billing cycle by the
Payment Due Date shown on the billing statement.
27. If you utilize a Card for internet transactions, you are
required to register for VERIFIED BY VISA at www.visa.com/
verified or at www.uccu.com. If you do not do so, you may lose
any charge back rights for internet transactions.
C. The term Periodic Rate as used herein is 1/365th of the
Variable Annual Percentage Rate. The Periodic rate changes
monthly as the Variable Annual Percentage Rate changes. The
Variable Annual Percentage Rate is tied to the Prime Index
rounded up to the next one quarter percent plus (i) 8% for Visa
Platinum Rewards accounts with limits $3,000 and above, (ii)
10% for Visa Platinum Rewards accounts with limits below
$3,000, (iii) 5% for Visa Platinum credit card accounts with
limits $3,000 and above, (iv) 7% for Visa Platinum credit card
accounts with limits below $3,000, (v) 6% for Visa Check
Cards with limits $3,000 and above, and (vi) 9% for Visa
Check Cards with limits below $3,000. The rates are subject
to change on the first day of each month. We will use the
most recent Index value available to us as of the 15th day of
the month prior to any annual percentage rate adjustments.
The minimum rates are 9% for Visa Platinum Rewards, 6%
for Visa Platinum credit card accounts with limits $3,000 and
above, 8% for Visa Platinum credit card accounts with limits
below $3,000, 7% for Visa Check Cards with limits $3,000 and
above, 10% for Visa Check Card with limits below $3,000. The
maximum rate will never be greater than that allowed by law.
The rate applicable for each month will be set forth in your
regular statement.
24. We may delay enforcing any of our rights or remedies
under this Agreement without losing said rights or remedies. You
agree that failure by us to enforce any provision of this Agreement
shall not constitute waiver of ours right to enforce said items in
the future.
25. To secure payments of all amounts charged under this
Agreement, you hereby grant to us a security interest in all of
your's property in our possession or control and in any and all
deposit accounts, savings accounts, and checking accounts you
26. You may not use a Card to initiate any type of electronic
gambling transaction or any illegal activity. You agree to indemnify
and hold us harmless from any suits, liability, damages or adverse
action of any kind that results directly or indirectly from such
illegal use.
28. Visa Platinum Rewards Benefits. We reserve the right to
make changes to the Visa Platinum Rewards credit card benefits
or any other reward program(s) we may offer to you.
29. Purchases and cash advances made in foreign countries
and foreign currencies will be billed to you in U.S. dollars. The
conversion rate in dollars 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, increased by up
to two percent (200 basis points) or an amount determined by
Visa International.
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 STATEMENT.
If you think your statement is wrong, or if you need more
information about a transaction on your statement, contact us at:
Utah Community Credit Union
P.O. BOX 1900
Provo, Utah 84603-1900
Contact us as soon as possible. We must hear from you no later
than sixty (60) days after we sent you the first statement on which
the error or problem appeared. You can telephone us to block the
card immediately; if you do call us, however, we are not required
to investigate the error or problem and you may have to pay the
amount in question. A written statement will need to be filled out
to preserve your rights and must contain:
- your name and account number;
- the name of any involved merchant and the dollar amount
of the suspected error; and
- a detailed description of the error and any attempt you have
made to resolve it with any third party.
If you have authorized us to pay your credit card bill automatically
from your savings or checking account, you can stop the payment
on any amount that 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 WRITTEN NOTICE.
We must acknowledge your letter within 30 days, unless we
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 until we have completed
our investigation. 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 didn't 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 (10) 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.
STATE AND LOCAL LAW
The foregoing summary of your rights under federal law does not
cover any rights you may have under state and local law. If, under
State or local law, you have a longer period of time in which to
send an inquiry to Credit Union concerning your statement,
reliance on any such longer time period may result in your losing
important rights which could be preserved by acting more
promptly under federal law. State or local provisions, if any, only
become operative upon the expiration of the time period provided
by Federal Regulation Z for submitting a proper written notification
of an error.
FS-773 R11/13