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DESIGNED TO BE DIFFERENT
APPLY TODAY!
MasterCard® Basic • Master Card® Gold
To apply for the
MasterCard® Basic or MasterCard® Gold card, first read
our disclosure and credit card agreement below, then click on the following
link and print out the application. After completing the application,
please bring, fax, or mail the finished application to:
HealthFirst Federal
Credit Union
9 Quarry Rd.
Waterville, ME 04901
Fax: 207-877-6615
Click here
for MasterCard® Basic and MasterCard® Gold Application (Requires
Adobe Acrobat Reader) - Free
download
CREDIT CARD AGREEMENT
In this Agreement the words you and your
mean each and all of those who apply for the card or who sign the
application. Card means a MasterCard¨ credit card and any duplicates
and renewals we issue. Account means your MasterCard¨ Credit Card Line
of Credit account with us. We, us, and ours mean this Credit Union.
1. Responsibility. If we issue you
a card, you agree to pay all debts and the FINANCE CHARGE arising from
the use of the card and the card account. For example, you are
responsible for charges made by yourself, your spouse, and minor
children. You are also responsible for charges made by anyone else to
whom you give the card, and this responsibility continues until the card
is recovered. You cannot disclaim responsibility by notifying us, but we
will close the account for new transactions if you so request and return
all cards. Your obligation to pay the account balance continues even
though an agreement, divorce decree, or other court judgment to which we
are not a party may direct you or one of the other persons responsible
to pay the account. If more than one person has applied for a card or
signed the application, paragraph 15 below also applies to your account.
2. Lost Card Notification. If you
believe your credit card has been lost or stolen, you will immediately
call the Credit Union at: 1-800-325-3678 or (207) 877-9474.
3. Liability for Unauthorized Use.
You will not be liable to the Credit Union for unauthorized use of your
card if: (1) it is lost or stolen; (2) you report the loss or theft
within 2 business days of discovering it; and (3) the loss or theft was
not caused by your gross negligence or fraud. Your liability to the
Credit Union will not exceed $50.00 for other unauthorized use of your
card that occurs prior to the time when you give notice of possible
unauthorized use to the Credit Union at Credit Card Security Dept., P.O.
Box 30035, Tampa, FL. 33630, 800-322-8472. You will not be liable for
unauthorized use that occurs after you notify the Credit Union.
4. Credit Line. If we approve your
application, we will establish a self-replenishing Line of Credit for
you and notify you of its amount when we issue the card. You agree not
to let the account balance exceed this approved Credit Line. Each
payment you make on the account will restore your Credit Line by the
amount of the payment which is applied to principal. You may request an
increase in your Credit Line only by written application to us, which
must be approved by our loan department. By giving you written notice
our loan department may reduce your Credit Line from time to time or,
with good cause, revoke your card and terminate this Agreement. Good
cause includes your failure to comply with this Agreement or our adverse
reevaluation of your credit-worthiness. You may also terminate this
Agreement at any time, but termination by either of us does not affect
your obligation to pay the account balance. The cards remain our
property, and you must recover and surrender to us all cards upon our
request and upon termination of this Agreement.
5. Credit Information. You
authorize us to investigate your credit standing when opening, renewing,
or reviewing your account, and you authorize us to disclose information
regarding your account to credit bureaus and other creditors who inquire
of us about your credit standing.
6. Details About Your Monthly Payment.
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(a) Monthly Statement. We will mail
you a statement every month showing your Previous Balance of
purchases and cash advances, the current transactions on your
account, the remaining credit available under your Credit Line, the
New Balance of purchases and cash advances, the Total New Balance,
the FINANCE CHARGE due to date, and the Minimum Payment Required.
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(b) Minimum Payment. Every month you
must pay at least the Minimum Payment within 25 days of your
statement closing date. By separate agreement you may authorize us
to charge the minimum payment automatically to your share or share
draft account with us. You may, of course, pay more frequently, pay
more than the minimum payment, or pay the Total New Balance in full,
and you will reduce the FINANCE CHARGE by doing so. The Minimum
Payment will be any portion of the Minimum Payments shown on prior
statements which remain unpaid plus either (a) 3% of your Total New
Balance or $20.00, whichever is greater, or (b) your Total New
Balance if it is less than $10.00. In addition, at any time your
Total New Balance exceeds your Credit Line, you must immediately pay
the excess upon our demand.
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(c) Payments made to your account
will be applied in the following order: Fees and Finance Charges;
Previously Billed Purchases; Cash Advances; New Purchases. We may
accept checks marked Ňpayment in fullÓ or words of similar effect
without losing any of our rights to collect the full balance of your
account with us.
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(a) When Finance Charge Begins. A
finance charge will be imposed on cash advances from the date made
or from the first day of the billing cycle in which the cash advance
is posted to your account, whichever is later, and will continue to
accrue until the date of payment. A finance charge will be imposed
on purchases only if you elect not to pay the entire new balance of
purchases shown on your monthly statement within 25 days from the
closing date of that statement. If you elect not to pay the entire
new balance of purchases shown on your monthly statement within that
25 day period, a finance charge will be imposed on the unpaid
average daily balance of those purchases from the statement closing
date (but not on purchases posted during the current billing period)
and will continue to accrue until the closing date of the billing
cycle preceding the date on which the entire new balance of
purchases is paid in full or until the date of payment if more than
25 days from the closing date.
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(b) Figuring the Finance Charge. The
FINANCE CHARGE (interest) is calculated at the periodic rate of
.9917%% per month, which is an ANNUAL PERCENTAGE RATE of 11.9%.
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(i) Cash Advances. The finance charge
on cash advances for a billing cycle is computed by applying the
monthly periodic rate to the average daily balance, which is
determined by dividing the sum of the daily balances during the
billing cycle by the number of days in the cycle. Each daily balance
is determined by adding to the previous balance for cash advances
(the outstanding cash advance balance of your account at the
beginning of the billing cycle) any new cash advances received and
subtracting any payments as received or credits as posted to your
account, but excluding any unpaid finance charges.
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(ii) Purchases. The finance charge on
purchases for a billing cycle is computed by applying the monthly
periodic rate to the average daily balance of purchases, which is
determined by dividing the sum of the daily balances of purchases
during the billing cycle by the number of days in the cycle. Each
daily balance of purchases is determined by subtracting from the
outstanding unpaid balance of purchases at the beginning of the
billing cycle any payments as received and credits as posted to your
account, but excluding any unpaid finance charges.
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8. Default. You will be in default
if you fail to make any Minimum Payment within 25 days after your
monthly statement closing date. You will also be in default if your
ability to repay is materially reduced by a change in your employment,
an increase in your obligations, bankruptcy or insolvency proceedings
involving you, your death, or your failure to abide by this Agreement.
We have the right to demand immediate payment of your full account
balance if you default, subject to our giving you any notice required by
law.
9. Using the Card. To make a
purchase or cash advance, there are two alternative procedures to be
followed. One is for you to present the card to a participating
MasterCard¨ plan merchant, to us, or to another financial institution,
and sign the sales or cash advance draft which is imprinted with your
card. The other is to complete the transaction by using your Personal
Identification Number (PIN) in conjunction with the card in an Automated
Teller Machine or other type of electronic terminal that provides access
to the MasterCard¨ system. The monthly statement will identify the
merchant, electronic terminal, or financial institution at which
transactions were made, but sales, cash advance, credit, or other slips
cannot be returned with the statement. You will retain the copy of such
slips furnished at the time of the transaction in order to verify the
monthly statement. The Credit Union may make a reasonable charge for
photocopies of slips you request.
10. Returns and Adjustments.
Merchants and others who honor the Card may give credit for returns or
adjustments, and they will do so by sending us a credit slip which we
will post to your account. If your credits and payments exceed what you
owe us, we will hold and apply this credit balance against future
purchases and cash advances, or, if it is $1 or more, refund it on your
written request or automatically after six months.
11. Foreign Transactions.
Purchases and cash advances made in foreign countries and foreign
currencies will be billed to you in U.S. dollars. The conversion rate to
dollars will be at wholesale market rate or the government mandated
rate, whichever is applicable, in effect one day prior to the processing
date, increased by one percent.
12. Plan Merchant Disputes. We are
not responsible for the refusal of any plan merchant or financial
institution to honor your card. We are subject to claims and defenses
(other than tort claims) arising out of goods or services you purchase
with the card only if you have made a good faith attempt but have been
unable to obtain satisfaction from the plan merchant, and (a) your
purchase was made in response to an advertisement we sent or
participated in sending to you; or (b) your purchase cost more than $50
and was made from a plan merchant in your state or within 100 miles of
your home. Any other disputes you must resolve directly with the plan
merchant.
13. Security Interest. You may be
giving a security interest in a specific amount of your share or share
draft account(s) with the Credit Union by signing a separate pledge of
shares agreement. If you give a security interest at the Credit Union,
you must maintain the amount of the security given in your account(s) at
all times during which you have the right to use your card(s). Other
than this security interest, we will not assert any statutory right we
may have if you are in default to prevent withdrawal of your Credit
Union shares in other accounts or in the secured account(s), above the
amount of the security you give. The Credit Union also waives any other
security interest it may have for advances or purchases made under this
agreement.
14. Effect of Agreement. This
Agreement is the contract which applies to all transactions on your
account even though the sales, cash advance, credit, or other slips you
sign or receive may contain different terms. We may amend this Agreement
from time to time by sending you the advance written notice required by
law. Your use of the card thereafter will indicate your agreement to the
amendments. To the extent the law permits, and we indicate in our
notice, amendments will apply to your existing account balance as well
as to future transactions.
15. Joint Liability. Each person
who has signed the application or applied for a card will be
individually and jointly responsible for paying all amounts owed under
this Agreement. This means that the Credit Union can require any one of
you individually to repay the entire amount owed under this agreement.
Each of you authorizes the other(s) to make purchases or cash advances
individually. Any one of you may terminate the account and the
termination will be effective as to all of you.
16. Charges and Fees. You will be
charged a late fee (5 days) of $10.00; an overlimit fee of $10.00; a
returned check fee of $10.00; a copy of statement fee $5.00; sales draft
copy fee $5.00; a card replacement fee $5.00.
17. Copy Received. You acknowledge
receipt of a copy of this Agreement.
18. Signatures. By signing in the
Signature area of the application form that was attached to this
Agreement when you received it, you agree to the terms of this
Agreement. You should detach this Agreement from the application and
retain it for your records.
YOUR BILLING RIGHTS - KEEP THIS NOTICE
FOR FUTURE USE
This notice contains important
information about your rights and our responsibilities under the Fair
Credit Billing Act.
Notify us in case of errors or questions
about your bill.
If you think your bill is wrong, or if
you need more information about a transaction on your bill, write us on
a separate sheet at the address listed on your bill. Write to us as soon
as possible. We must hear from you no later than 60 days after we sent
you the first bill in which the error or problem appeared. You can
telephone us, but doing so will not preserve your rights.
In your letter, give us the following
information:
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Your name and account number.
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The dollar amount of the suspected
error.
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Describe the error and explain, if
you can, why you believe there is an error. If you need more
information, describe the item you are not sure about.
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If you have authorized us to pay your
credit card bill automatically from your savings or share draft account,
you can stop the payment on any amount you think is wrong. To stop the
payment, your letter must reach us three business days before the
automatic payment is scheduled to occur.
YOUR RIGHTS AND OUR RESPONSIBILITIES
AFTER WE RECEIVE YOUR WRITTEN NOTICE
We must acknowledge your letter within 30
days, unless we have corrected the error by then. Within 90 days, we
must either correct the error or explain why we believe the bill was
correct.
After we receive your letter, we cannot
try to collect any amount you question, or report you as delinquent. We
can continue to bill you for the amount you question, including finance
charges, and we can apply an unpaid amount against your credit limit.
You do not have to pay any questioned amount while we are investigating,
but you are still obligated to pay the parts of your bill that are not
in question.
If we find that we made a mistake on your
bill, you will not have to pay any finance charges related to any
questioned amount. If we didn't make a mistake, you may have to pay
finance charges, and you will have to make up any missed payments on the
questioned amount. In either case, we will send you a statement of the
amount you owe and the date that it is due.
If you fail to pay the amount that we
think you owe, we may report you as delinquent. However, if our
explanation does not satisfy you and you write to us within ten days
telling us that you still refuse to pay, we must tell anyone we report
you to that you have a question about your bill. And, we must tell you
the name of anyone we reported you to. We must tell anyone we report you
to that the matter has been settled between us when it finally is.
If we don't follow these rules, we can't
collect the first $50.00 of the questioned amount, even if your bill was
correct.
SPECIAL RULE FOR CREDIT CARD PURCHASES
If you have a problem with the quality of
property or services that you purchased with a credit card, and you have
tried in good faith to correct the problem with the merchant, you may
have the right not to pay the remaining amount due on the property or
services. There are two limitations on this right:
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(a) You must have made the purchase
in your home state or, if not within your home state, within 100
miles of your current mailing address; and
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(b) The purchase price must have been
more than $50.00.
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These limitations do not apply if we own
or operate the merchant or if we mailed you the advertisement for the
property or services.
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