BELLCO VISA® CREDIT CARD AGREEMENT AND TRUTH IN LENDING DISCLOSURE PROVISIONS
Notice: Read and retain this copy of your Credit Card Agreement and Disclosure Statement for future reference.
Credit Limit:
Application Number:
Agreement Date:
This Agreement and Disclosure Statement ('Agreement') between Bellco Credit Union ('we', 'our', or 'us') and you covers your , Visa Platinum, Colorado Rewards Visa Platinum , Blue Diamond Visa Signature account(s) (the 'Account') and any duplicate, renewed, or substituted Card (the 'Card'). This Agreement also governs the issuance and use of Convenience Checks, Balance Transfers, and Cash Advances. In this Agreement, the words 'you' and 'your' mean the individual who applied for the Account by completing an Account application, and all individuals to whom we issue Cards at your request, (collectively, the 'Authorized Users'). You and we are sometimes collectively called the 'Parties' and individually a 'Party'. By applying for the Card or by signing or using the Card, you have agreed to be bound by the terms of this Agreement.
CONSENSUAL SECURITY INTEREST: You agree to give us a security interest in any and all funds on deposit in accounts in which you have an ownership interest, both now and in the future, with the exception of retirement accounts or any other accounts that would lose special tax treatment under state or federal law if given as security. The granting of this security interest is a condition for the issuance of any Card that you may use, directly or indirectly, to obtain extensions of credit under the Agreement. This means that, if you are in default, we can, without prior notice to you, take funds from any eligible account(s) in which you have an ownership interest and apply them as a credit against your Account in any amount available up to the entire balance. Collateral securing other loans you have with us may also secure this loan.
1. The following terms have these meanings in the Agreement:
'Account Number' means the 16-digit number on the face of your Card.
'Balance' means your Balance together with all purchases, Balance Transfers, Cash Advances, fees, finance charges, and other charges net of any credits that accrue thereon until the date on which our records reflect that you owe no amounts to us (no debit balance) and we owe no amounts to you (no credit balance).
'Balance Transfer' shall mean a transfer of a credit balance from another credit card account to your Card.
'Cash Advance' shall mean a loan from us to you other than a Credit Purchase. The following transactions are considered Cash Advances: requesting cash in person at any branch; making a credit transaction at participating ATM network machines; withdrawing cash against your credit limit through online banking; fund a wire transfer; purchasing money orders, travelers checks, lottery tickets, or using convenience checks.
'Convenience Check' shall mean a convenience check that we may provide to you from time to time. It shall be deemed to be an authorization for a Cash Advance.
'Credit Limit' means the amount of credit we will make available to you under the Agreement as stated above. We may reduce, suspend, or terminate your credit limit at any time without prior notice for any reason not prohibited by law.
'Credit Purchase' shall mean use of your Card or Account Number to purchase or lease goods and/or services. Even though certain Transactions may be considered purchases, certain quasi-cash Transactions shall accrue a finance charge at the rate set out for Cash Advances. These quasi-cash Transactions include but are not limited to: funding transfers for security and brokerage accounts, child support or other court payments; payments to post bail or bond; tax payments; betting, gambling, or advancing funds at track or casino.
'Person' means, as the context requires, a human being and/or firm, corporation, partnership (including, without limitation, general partnerships, limited partnerships, and limited liability partnerships), limited liability company, joint venture, business trust, association or other legal entity other than us.
'Transaction' means each (a) Credit Purchase, (b) Cash Advance and (c) Balance Transfer.
'Transaction Date' means the date you (a) make a Credit Purchase (b) obtain a Cash Advance, (c) use a Convenience Check or (d) make a Balance Transfer, as applicable.
'Unauthorized use of the Card' means the use of the Card by someone other than you who does not have actual, implied, or apparent authority for such use, and from which you receive no benefit.
Ownership of Your Card . The Card(s) issued to you remains our property. You may surrender them to us at any time. You must recover and surrender all Cards upon our request and upon termination of this Agreement. The card may be repossessed at any time at our sole discretion without demand or notice.
Using Your Card. You may use your Card to make purchases from merchants and others who accept Visa cards for personal, family, or household purpose. You may not use your Card to make payments on any debt. If you wish to pay for goods and service over the internet, you may be required to provide Card number security information before you will be permitted to complete the transaction. In addition, you may obtain Cash Advances from Bellco and from other financial institutions that accept Visa Cards, and from some automated teller machines (ATMs). To obtain Cash Advances from an ATM, you must use a Personal Identification Number (PIN).
Responsibility . In order to comply with applicable laws and regulations as well as manage your Account, you are responsible for providing us your legal name(s), mailing address, place of residence (if different from mailing address), date of birth, Social Security number or other government identification number, telephone number(s), employment information, and income information. You agree to notify us of any change to the above information within fifteen (15) calendar days of the change by calling 1-800-BELLCO-1 (1800-235-5261) or by notifying us in writing at Bellco Credit Union, Card Services, P.O. Box 2068, Glen Burnie, MD 21060. We may suspend or terminate your Account if we cannot verify your information, or if you do not provide it as requested.
Investigation Authorization. You authorize us to investigate your credit record and verify your credit, employment and income and further authorize any person, association, firm, corporation, or personnel office to furnish on our request, information pertinent to
