Common use of Using Your Credit Card Account Clause in Contracts

Using Your Credit Card Account. 1. You consent to the terms of this agreement by using your card or convenience checks. You continue to be bound for all transactions resulting from the use of the account, credit card or convenience checks until you give us written notice of termination for the account and return the credit card and convenience checks to us. 1.1. If the credit union approves your application, each applicant will be issued a credit card and will be able to use the account. You agree to sign the credit card promptly upon receipt. Each applicant will also be liable to repay the account under the terms of this agreement. ▇▇▇▇▇▇▇▇▇, who do not have access to the account but are still liable for the loan, acknowledge receipt of a copy of this agreement and disclosure statement as well as the separate “Notice to Cosigner” form. 1.2. You are also obligated to repay any charges resulting from the use of the credit card or convenience checks by another person with your permission whether or not the person stays within the limits of use set by you. 1.3. Any persons who use the credit card or convenience checks are also obligated to repay the credit union for all charges incurred because of their use of the card. 1.4. You remain bound to pay for charges under this agreement even though another person has been directed to pay the debt by agreement or court order such as a divorce decree. 2. To make a purchase or get a cash advance, present the credit card or a convenience check to a participating credit card merchant, to us, or to another financial institution, and sign the sales or cash advance draft imprinted with your credit card number. Keep a copy of the draft to verify your monthly statement. The credit union is not liable for the refusal of any merchant to accept the credit card or convenience checks. 3. Your credit card may also access designated Automated Teller Machines (ATMs). The use of your credit card for ATM access is subject to the additional ATM disclosure terms. 4. Purchases and cash advances (transactions) made in foreign countries and foreign currencies will be billed to you in U.S. dollars. If you conduct a transaction with your credit card in a currency other than US Dollars, including those initiated online, MasterCard® Worldwide will convert the transaction amount into US Dollars, using either a government-mandated exchange rate, or a wholesale exchange rate selected by MasterCard. The exchange rate MasterCard uses will be a rate in effect on the day the transaction is settled or processed, which may differ from the rate in effect on the date of purchase or the date the transaction was posted to your account. If you later receive a refund for a transaction, the amount of the refund will be converted at the exchange rate in effect when the refund is processed, which may be different from the exchange rate for the original transaction. In addition, you will be charged an International Transaction Fee of up to2% of the transaction amount (the amount the ATM network or MasterCard charges us) for any card transaction made in a foreign country or currency. In addition, a 2% International Service Assessment is added to all transactions made in foreign countries or currencies and for international single currency transactions processed in U.S. dollars. 5. Only you can write convenience checks. You may not write convenience checks to pay any amount you owe to Credit Union 1. We need not pay a convenience check if: (a) paying the check would cause your balance to exceed your credit limit; (b) you are in default or your right to use your account is canceled or suspended; or (c) the convenience check is signed by anyone other than you. If we pay a post-dated convenience check written by you before the date on the check, we will not be liable for the consequences of such early payment. We operate in an automated processing environment and cannot physically examine every check we pay. You must notify us of any unauthorized convenience check that appears on your account statement within 60 days after we sent you the statement on which it first appears or we will not be responsible for it. 6. If you give your credit card number to make a purchase or obtain a cash advance without presenting the credit card (such as for a mail order, Internet or telephone purchase), the legal effect will be the same as if the credit card itself was used by you. 7. The credit cards and convenience checks we give you remain our property. You agree to surrender them at our request. 8. You cannot use your credit card for transactions at Internet gambling web sites. You agree not to use your credit card for any illegal transaction, such as illegal gambling. If you use your card for any purpose prohibited by or inconsistent with this Agreement (a) you cannot claim the improper purpose as a defense to your obligation to pay the transaction and (b) we can close your account for breach of this Agreement.

Using Your Credit Card Account. 1. You consent to the terms of this agreement by using your card or convenience checks. You continue to be bound for all transactions resulting from the use of the account, credit card or convenience checks until you give us written notice of termination for the account and return the credit card and convenience checks to us. 1.1. If the credit union approves your application, each applicant will be issued a credit card and will be able to use the account. You agree to sign the credit card promptly upon receipt. Each applicant will also be liable to repay the account under the terms of this agreement. ▇▇▇▇▇▇▇▇▇, who do not have access to the account but are still liable for the loan, acknowledge receipt of a copy of this agreement and disclosure statement as well as the separate “Notice to Cosigner” form. 1.2. You are also obligated to repay any charges resulting from the use of the credit card or convenience checks by another person with your permission whether or not the person stays within the limits of use set by you. 1.3. Any persons who use the credit card or convenience checks are also obligated to repay the credit union for all charges incurred because of their use of the card. 1.4. You remain bound to pay for charges under this agreement even though another person has been directed to pay the debt by agreement or court order such as a divorce decree. 2. To make a purchase or get a cash advance, present the credit card or a convenience check to a participating credit card merchant, to us, or to another financial institution, and sign the sales or cash advance draft imprinted with your credit card number. Keep a copy of the draft to verify your monthly statement. The credit union is not liable for the refusal of any merchant to accept the credit card or convenience checks. 3. Your credit card may also access designated Automated Teller Machines (ATMs). The use of your credit card for ATM access is subject to the additional ATM disclosure terms. 4. Purchases and cash advances (transactions) made in foreign countries and foreign currencies will be billed to you in U.S. dollars. If you conduct a transaction with your credit card in a currency other than US Dollars, including those initiated online, MasterCard® Worldwide will convert the transaction amount into US Dollars, using either a government-mandated exchange rate, or a wholesale exchange rate selected by MasterCard. The exchange rate MasterCard uses will be a rate in effect on the day the transaction is settled or processed, which may differ from the rate in effect on the date of purchase or the date the transaction was posted to your account. If you later receive a refund for a transaction, the amount of the refund will be converted at the exchange rate in effect when the refund is processed, which may be different from the exchange rate for the original transaction. In addition, you will be charged an International Transaction Fee of up to2% of the transaction amount (the amount the ATM network or MasterCard charges us) for any card transaction made in a foreign country or currency. In addition, a 2% International Service Assessment is added to all transactions made in foreign countries or currencies and for international single currency transactions processed in U.S. dollars.made 5. Only you can write convenience checks. You may not write convenience checks to pay any amount you owe to Credit Union 1. We need not pay a convenience check if: (a) paying the check would cause your balance to exceed your credit limit; (b) you are in default or your right to use your account is canceled or suspended; or (c) the convenience check is signed by anyone other than you. If we pay a post-dated convenience check written by you before the date on the check, we will not be liable for the consequences of such early payment. We operate in an automated processing environment and cannot physically examine every check we pay. You must notify us of any unauthorized convenience check that appears on your account statement within 60 days after we sent you the statement on which it first appears or we will not be responsible for it. 6. If you give your credit card number to make a purchase or obtain a cash advance without presenting the credit card (such as for a mail order, Internet or telephone purchase), the legal effect will be the same as if the credit card itself was used by you. 7. The credit cards and convenience checks we give you remain our property. You agree to surrender them at our request. 8. You cannot use your credit card for transactions at Internet gambling web sites. You agree not to use your credit card for any illegal transaction, such as illegal gambling. If you use your card for any purpose prohibited by or inconsistent with this Agreement (a) you cannot claim the improper purpose as a defense to your obligation to pay the transaction and (b) we can close your account for breach of this Agreement.