Golden 1 Platinum Rewards Visa Credit Card Agreement and ...

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OTHER IMPORTANT DISCLOSURES SECURITY INTEREST You agree to grant the Golden 1 Credit Union a security interest in all shares, payment on shares, dividends on shares and deposits (excluding Individual Retirement Account shares) which you now have or hereafter may have in The Golden 1 Credit Union as set forth in this Agreement. CANCELLED, LOST OR STOLEN CARDS Cancellation You may cancel your Account at any time by notifying us in writing. If you cancel your Account you will no longer be able to obtain cash advances or make purchases with the Card. Even if your Card is cancelled, you will still be liable for any use which was authorized by you or by any person to whom you have given authority to use the Account. You will also be liable for any automated or recurring charges authorized by you or your authorized user. You can limit your liability by returning the Card(s) to us and cancelling any automated or recurring charges when you close your Account. Golden 1 has the right to revoke your Card at any time. Your right to use your Card may be rescinded by us with or without cause and without notice. You must return the cancelled or expired Card to us upon request. Cancellation or revocation of your Card will not affect your obligation to pay any and all amounts due under this Agreement. Lost, stolen or unauthorized use For your protection, we highly recommend that you continually monitor your monthly statements to identify any unauthorized transactions. If your Card is lost or stolen, or you believe that an unauthorized person has accessed or may access your Account, or if you notice fraudulent activity on your Account, notify us immediately. If your Card and/or Account is used fraudulently, you agree to assist us in our investigation and you agree to sign an affidavit of fraud and forgery. To report a lost or stolen Card(s) during our business hours, contact The Golden 1 Credit Union at (916) 732-2900 or 1-877-GOLDEN 1 (1-877-465-3361). If you are on vacation or out of the country, Visa offers an emergency credit card replacement service. For a Visa emergency card replacement, call 1-800-VISA-911 (1-800-847-2911), 24 hours a day, 7 days a week. You will not be liable for any unauthorized use that occurs after you notify us. You may, however, be liable for unauthorized use that occurs before your notice to us. In any case, your liability will not exceed $50.00. CREDIT REVIEW Golden 1 obtained and reviewed your credit report when you applied for your Card. You authorize Golden 1 to periodically obtain and review your credit report in order to determine your continued eligibility for credit. Golden 1 may reduce your credit limit or refuse to extend new credit as the result of its periodic review of your creditworthiness. Factors considered by Golden 1 in reviewing your creditworthiness may include frequency of late payments, liens, number of new accounts or extent of credit usage, among other things. FOREIGN EXCHANGE/CURRENCY CONVERSION Transactions that you incur in foreign currencies will be posted to your Account in U.S. dollars. Foreign transactions are normally converted to U.S. dollars by the network processing the transaction, which may impose a fee for this service. Since conversion may occur after the date of the transaction, the conversion rate in effect on the processing date may differ from the rate in effect on the transaction date or posting date. You agree that the transaction amount as converted by the network may be deducted from your Account, as well as any conversion charges which are imposed. You agree to accept the converted amount in U.S. dollars. L-152 (10-31-11) 5 M-104975
Any time you complete a foreign currency transaction through the Visa network, you will be assessed an International Service Assessment (“ISA”) fee. Currently, this fee is one percent (1%) of the transaction amount. This fee was previously assessed by Visa directly to the Cardholder, and is now assessed by Visa to Golden 1 and passed on to members. This one percent (1%) fee applies to all international transactions where the foreign currency must be converted to U.S. dollars and where the foreign currency is not equal in value to U.S. dollars. The currency conversion rate used to determine the transaction amount in U.S. dollars is either (i) 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 (ii) the government-mandated rate in effect for the applicable central processing date, in each instance in addition to the ISA fee. DEFAULT You will be in default under this Agreement if any of the following occur: 1. You do not make a payment when due as required by this Agreement. 2. You exceed your available credit limit. 3. You become subject to bankruptcy, incompetency or insolvency proceedings or you die. 4. You make false statements or omissions or provide fraudulent signatures on any application or financial statement provided to Golden 1. 5. Your payment is returned for any reason. 6. There has been a material adverse change in your creditworthiness. 7. You violate any of the terms of this Agreement, or any other agreement or disclosure related to this Agreement. 8. Your Golden 1 membership is terminated by Golden 1. Upon the occurrence of any event of default under this Agreement, we may (a) terminate or suspend your credit privileges, (b) change the terms of this Agreement, and/or (c) demand that you pay the entire unpaid balance. Penalty APR If you default on your account for any of the following reasons, we may increase the APR on the entire balance to the Penalty APR of 22.90% with advance notice as required by applicable law. You make a late payment; go over your available credit limit; or make a payment that is returned. The Penalty APR may terminate if you make six consecutive minimum monthly payments on time starting with your first payment due after the effective date of the Penalty Rate. If you do not make these six consecutive minimum monthly payments on time, we may keep the Penalty APR on your Account indefinitely. Entire balance due If you miss a payment or break a promise under this Agreement, we can require payment of the entire outstanding balance of your Account immediately. No notice is required. We can also do this if you make any false or misleading statement on your application, or in the event of your death. Late payment Golden 1 may assess a late payment fee of up to fifteen dollars ($15.00) with respect to any monthly billing cycle as a late payment charge on the minimum payment due that is not paid within 15 days after the payment due date. Returned payment Golden 1 may assess a returned payment fee of up to five dollars ($5.00) with respect to any payment returned unpaid for any reason. L-152 (10-31-11) 6 M-104975
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Golden 1 Platinum Rewards Visa Credit Card Agreement and ...

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