CARDHOLDER AGREEMENT AND DISCLOSURE
EffEctivE SEptEmbEr 1, 2024
CARDHOLDER AGREEMENT AND DISCLOSURE STATEMENT FOR YOUR VISA ® CREDIT CARD ACCOUNT
This Cardholder Agreement and Disclosure together with the Account Opening Disclosure and any subsequent documents provided to you related to this Account (this 'Agreement') govern the terms and conditions of your Visa Credit Card Account ('Account') with us. This Cardholder Agreement and Disclosure supersedes all previous versions of any Cardholder Agreement and Disclosure provided to you. In this Agreement, the words 'you', 'your', and 'cardholder' mean any person who applies for a Card Account or anyone you authorize to use your Account. 'We,' 'our,' and 'us' mean Advancial Federal Credit Union ('Advancial') and its successors and assigns. In this Agreement, any plural term shall be deemed singular and any singular term shall be deemed plural when context and construction so require. In this Agreement, the word 'Card' means any Visa credit card and any other access devices, duplicates, renewal or substitutions issued to you or to those designated by you under the terms of this Agreement. If you sign an application for a Visa Account under this Agreement or sign or use any Visa Card or Account issued, or allow others to use your Card or Account, you agree to all of the following terms and conditions:
General. You authorize us to pay for your Account items representing the following transactions: (a) charges for purchases of goods and services made using the Card, (b) cash advances in any of the following forms: (i) cash advances obtained from financial institutions, automated teller machines, or others through use of the Card, or (ii) check advances obtained through using special checks (Convenience Checks) to access your Account, which such checks will be treated as cash advances under this Agreement and may not be used to pay your Account or any other loan with us, and (c) balance transfers requested by you orally and in writing, subject to our security procedures. You agree that we may verify the authenticity of balance transfer requests using our security procedures in place at the time of any such request.
Credit Limit. You will be advised of the credit limit applicable to your Account. We may, from time to time at our discretion, increase, decrease, conditionally restrict, or withdraw your credit limit. You promise not to allow your outstanding balance to exceed your credit limit as disclosed at issuance or as adjusted from time to time at our discretion. If you exceed your credit limit, we can still
charge you for all purchases and advances without giving up any of our rights. We do not have to pay any purchase or advance which would cause the outstanding balance in your Account to exceed your credit limit. If you write a Convenience Check which causes you to exceed your credit limit, we are under no obligation to pay such check, and it may be returned to the payee unpaid at our option.
Convenience Checks. We may at our discretion, issue checks to you which may be used for any purpose other than making a payment for credit to your Account or any other loan or overdrawn account with us. By signing such checks, you authorize us to pay the item for the amount indicated and post such amount as a cash advance to your Account. We do not have to pay any item which would cause the outstanding balance in your Account to exceed your credit limit. We may refuse to pay a convenience check for any reason and such refusal will not be deemed as wrongful dishonor. Please refer to the Account Opening Disclosure, attached and incorporated into this Agreement, for additional charges that apply in connection with the use of Convenience Checks.
Joint Applicant Liability. If the Account is issued to you and others as a joint Account, each use of your Account shall be an extension of credit to all, and each of you shall be jointly and severally liable for all charges made to the Account, including applicable fees, even if only one of you uses the Account. In addition, you agree that each of you designates the other as agent for the purpose of making purchases, obtaining advances extended, or making a balance transfer under this Agreement. Notice to one of you shall constitute notice to all. Any joint cardholder may remove him/herself from responsibility for future charges for purchases, cash advances, and balance transfers at any time by notifying us in writing. However, removal from the Account does not release you from any liability already incurred.
Others Using Your Account. If you allow anyone else to use your Account, you will be liable for all credit extended to such persons. You will be liable for all actual, implied or apparent authorized use of your Account. You promise to pay for all charges for purchases, cash advances, and balance transfers made by anyone you authorize to use your Account, whether or not you notify us that he or she will be using it. 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 if he or she has a Card, you must return that Card with your written notice for it to be effective. Each user of your Account may sign the
