Arrowhead Visa ® Credit Card Agreement and Disclosure Part 2 of 2
Important - Retain For Your Records
CARD AGREEMENT
This Visa Credit Card Agreement and Disclosure Part 2 of 2 ('Agreement') is your contract with us and contains important terms and conditions. The Account Opening Disclosure document, labeled as Part 1 of 2, is part of this Agreement. The Account Opening Disclosure shows important information about your account, such as your annual percentage rate and certain fees. Any amendments to this Agreement are also part of this Agreement. Please read all parts of this Agreement and keep for your records.
DEFINITIONS
Effective: September 1, 2019
The following definitions apply to this Agreement:
ACCOUNT : The line of credit associated with your Arrowhead Visa Credit Card or Visa Classic Secured Credit Card account with us.
ACCOUNT BALANCE : All authorized charges, plus any finance charges assessed on your account, plus any other fees and charges which you owe to us under the terms of this Agreement.
AUTHORIZED USER : Any person you allow to use your account with a card we provided with that person's name.
BILLING CYCLE : The period of time between each date when we create a periodic statement for your account. A billing cycle is usually 28-30 days. For each billing cycle, your statement will show any transactions, other charges, payments and other credits posted during that billing cycle.
CARD : The Arrowhead Visa Credit Card issued to you (and any duplicates and renewals we may issue) used to access your account to obtain credit.
CONSUMER REPORTING AGENCY : An organization, such as Experian, Equifax and TransUnion, that compiles credit information for the purpose of generating consumer credit reports. It is also known as a 'credit bureau' and a 'credit reporting agency.'
LATE PAYMENT : A payment is late if you do not pay at least an amount equal to the minimum monthly payment by the payment due date.
RETURNED PAYMENT : A payment not honored by your financial institution.
TRANSACTION : A purchase, balance transfer or cash advance, as applicable.
YOU , YOUR , and YOURS : Each and all of those who apply for or use the card and/or VISA Credit Card Account.
WE , US , and OUR : ARROWHEAD CREDIT UNION.
MILITARY LENDING NOTICE
Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: The costs associated with credit insurance premiums, fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account). Call (888) 644-2183 to hear the above disclosures and a description of your payment obligations.
YOUR ACCOUNT
BINDING AGREEMENT: This Agreement takes effect once you use your card. Even if you do not use your card, this Agreement will take effect unless you contact us to cancel your account within thirty (30) days after we sent you this Agreement.
ACCOUNT USE: Your account use is subject to this Agreement. All transactions are subject to our approval. You may use your card to purchase goods and services in person, online, and by mail or telephone from merchants and others who accept Visa credit cards. In addition, you may obtain cash advances from the Credit Union, from other financial institutions or select merchants participating in the Visa program and from automated teller machines (ATMs), such as Visa ATM Network, that provide access to the Visa system. Not all merchants or ATMs provide such access. You will need to use your personal identification number (PIN) to obtain a cash advance from an ATM.
