Business Visa Gold Credit Card Application

Transcription

1 Arizona Central Credit Union 2020 N Central Avenue Phoenix, AZ Phone: (602) Fax: (602) Website: Date Total Requested Limit - 30,000 maximum Business Member Number Number of Cards Maximum of 2 cardholders per card number. If more than 2 cards are requested, each must have a separate card number and will be subject to the annual fee. Business Information Name of Business Entity Nature of Business - Registered money service business TIN/EIN # Street Address Year Business Began Mailing Address City State Zip City State Zip DBA Name(s) -if any State of Organization Official Legal Name Place(s) of Business Only address above Other locations: C Corporation S Corporation Non Profit Corporation Type of Organization and Attachments Professional Corporation Limited Liability Corporation Professional Limited Liability Corporation Limited Liability Partnership General Partnership Limited Partnership Joint Venture Individual Sole Proprietorship Trust Other, Specify: Business Member Financial Statements Attached: Attached Pending Statement Date or Period Ending Interim Financial Statements (most recent quarter) Most recent FYE Financial Statements or Tax Return Terms and Conditions You and your(s) refer to the business applicant, owners, agent, cardholders and co-applicant(s). We, us, and ACCU refer to Arizona Central Credit Union. By signing below, you the undersigned, certify under penalty of perjury that the information presented herein, supplied for the purpose of obtaining credit, is true and correct. You understand that providing false or misleading information on a credit application violates state and federal law. ACCU is authorized to make inquiries, as deemed necessary, to verify any information contained in this application. Upon submission, this application becomes property of ACCU. You authorize us to give information concerning your credit experience with us to others. By signing this application or use of this service by you or your agent certifies that you agree to the terms and conditions set forth in the Business Visa Credit Card Disclosure and Cardholder Agreement. You are requesting a personal identification number (PIN) for ATM access. If you disclose your PIN or give your Visa Card to another person, you make them your agent to act on your behalf and are responsible for transactions that they make. Additional Security: I understand that collateral securing other loans will secure this account and that property purchased with my card(s) will also secure this account. Page 1 of 6

2 s and/or Card Holders Information A personal guarantee may be required from each business owner. Attach separate sheet(s) if needed. By signing below I/We agree to all Terms and Conditions set forth on this application. Identification (Issuer & Num) SSN Identification (Issuer & Num) SSN Birth date Work Phone Birth date Work Phone City State Zip City State Zip Identification (Issuer & Num) SSN Identification (Issuer & Num) SSN Birth date Work Phone Birth date Work Phone City State City State City State Identification (Issuer & Num) SSN Identification (Issuer & Num) SSN Birth date Work Phone Birth date Work Phone City State Zip City State Zip For Credit Union Use Only Entered by XP Operator: Approval by Loan Officer: Date: Notes: Page 2 of 6

3 Business Visa Credit Card Disclosure and Cardholder Agreement This disclosure is designed to give you information concerning your Arizona Central Credit Union Business Visa Credit Card. Note: Please read this agreement thoroughly before using your card. Use of the card acknowledges your understanding of and agreement to the terms and conditions of the Arizona Central Credit Union Business Visa Card Disclosure and Agreement. This Agreement includes not only this document but also any addendums, notification of changes, inserts, accompanying information, and any application submitted to the credit union. In this Agreement the words you and your mean each and all of those who apply for the Visa Card, use the card, or who sign the application for Visa credit line and/or the Business Account Application. This includes but is not limited to each officer, owner, or employee who uses the card or is authorized to do so. Card means the Visa Credit Card and duplicates and renewals we issue. Account means your Visa Card line of credit account with us. We, us, and ours mean Arizona Central Credit Union. If you have not been given a copy of Arizona Central Credit Union s Electronic Funds Transfer Disclosure, ask for one from any Arizona Central Credit Union employee. We can also send you one by mail. Please send your request to Arizona Central Credit Union, Attention: Member Services, P.O. Box 11650, Phoenix, Arizona You may also call us at (602) or toll free Liability: Tell us AT ONCE if you believe your Arizona Central Credit Union Visa Credit Card has been lost or stolen or that an unauthorized transaction has occurred or may occur. You may call or write: Arizona Central Credit Union, P.O. Box 11650, Phoenix, Arizona or call us at (602) or toll free In most cases (assuming no negligence) where we are notified within two (2) business days of discovering the card has been lost or stolen, the cardholder is not responsible for the loss. Prompt notification is the best way of keeping your losses down. To minimize or eliminate your potential loss, contact us immediately upon discovering the lost or missing card. If you are negligent or do not provide proper notification, you may be liable for the entire amount of money taken. If your statement shows transactions that you did not make, tell us at once. If you do not tell us within sixty (60) days after we sent you the first statement on which the error/problem appeared, you may not get back any money you lost after the sixty (60) days if we could have stopped someone from taking the money. When you call we may ask you to send us a written statement of what happened within 10 days. Please provide the following information: Your name and account number. The dollar amount of the suspect transaction or error. Describe the transaction in question and explain why you believe there is an unauthorized transaction or error. If you need more information, describe the item you are not sure about. If an amount is in dispute, you are not required to make payments on the amount of the dispute; however, you will need to continue making payments on any amount not in dispute. We will tell you the results of our investigation within ten (10) business days after we hear from you and will correct any error promptly. If we need more time, we may take up to 45 days to investigate your complaint or question. If we decide to do this, we will credit your account within ten (10) business days. Our business days are Monday through Friday; holidays are not included. If we decide there was no error, we will send you a written explanation within three (3) business days after we finish our investigation. You may ask for copies of the documents that were used in our investigation. 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. The plastic cards issued by Arizona Central Credit Union are the property of Arizona Central Credit Union; we may request that they be returned to the credit union at any time. Arizona Central Credit Union may revoke credit card privileges if your account is not in good standing or if we doubt the ability to collect. If your card privileges are revoked, you will be sent written notification of adverse action. 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 (in writing), you may have the right not to pay the remaining amount due on the property or services. There are some limitations on this right: (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. (b) The purchase price must have been more than 50. (c) You have tried in good faith to correct the problem with the merchant directly in writing. (d) You act timely. Page 3 of 6

4 These limitations do not apply if we own or operate the merchant, or if we mailed you the advertisement for the property or services. In order to continue benefits of an Arizona Central Credit Union Visa Credit Card, you must remain a member in good standing. One requirement is that you maintain a minimum share in your account with us. 1. Responsibility. If we issue you a card, you agree to repay all debts and the FINANCE CHARGE arising from the use of the card account. This account is being obtained by you and approved by us for business purposes thus you agree that all purchases, cash advances, balance transfers, and all other use of your account will be solely for business purpose. You are responsible for charges made by yourself, your spouse and minor children and anyone you allow to use the card or to whom you give the personal identification number (PIN). You are also responsible for charges made by anyone else to whom you give your card, and this responsibility continues until the credit union is notified in writing. You cannot disclaim responsibility by notifying us, but we will close the account for new transactions. 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. Any person using the card is jointly responsible with you for charges he or she makes, but if that person signs the card he or she becomes a party to this Agreement and is also jointly responsible for all charges on the account, including yours. 2. Lost/Stolen Card Notification. If you believe the card has been lost or stolen, you will immediately call the credit union ay (602) or toll free at You may be charged a recovery fee up to if you or your joint owner(s) use Visa Card(s) that have been reported lost or stolen. A fee may be assessed for each replacement card. 3. Liability for Unauthorized Use. You understand that your liability to the credit union shall not exceed for any card transactions resulting from the loss, theft or other unauthorized use of the card, provided that the notice is timely, within two (2) days of discovering the card lost or missing. Also, if you do not tell us within sixty (60) days after we sent you the first statement on which the error/problem appeared, you may not get back any money you lost after the sixty (60) days if we could have stopped someone from taking the money. If we have issued you 10 or more cards and your organization has 10 or more employees, you will be held liable for all unauthorized use of both your cards and account before notification to us to the extent limited by Visa liability limitation rules and U.S. and state law. The credit union may issue additional cards upon your request for authorized users you designate. Unauthorized use does not apply to situations wherein a user you have authorized uses the card in an unauthorized manner. We will terminate an authorized users access to your account if you request it in writing. At a minimum your request to us must include: The name of the authorized user Your account number and any subaccounts related to the termination of access Authorized user s cards and access checks 4. Credit Line. Upon approval, we will establish a selfreplenishing 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. We may reduce your credit line, or revoke your card, and terminate this agreement. If negative action is taken, you will be provided an adverse action notice. Cause includes your failure to comply with this agreement or our adverse reevaluation of your creditworthiness. You may also terminate this agreement at any time by paying the balance in full and turning in any outstanding cards, 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/or upon termination of this Agreement. From time to time, ACCU may upon request or on its own initiative increase your credit limit. By making an authorized purchase and or cash advance you agree to adhere to the terms and conditions set-forth by the Credit Union in its disclosures. 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. Monthly Payment. You will be sent a statement every month showing your previous balance of purchases and cash advances, the current transactions on your account, the remaining credit available under the credit line, the new balances of purchases and cash advances, the total new balance, the FINANCE CHARGE due to date, and the minimum payment within 25 days of your statement closing date, which is the last day of the month. 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 either (a) 5% of your total new balance, or 20.00, whichever is greater; or (b) your total new balance, if it is less than Page 4 of 6

5 20.00, plus (c) any portion of the minimum payment(s) shown on prior statement(s) which remains unpaid. In addition, at any time your total new balance exceeds your credit line, you must immediately pay the excess. We will apply your payments first to LATE CHARGES; then to previously billed and unpaid FINANCE CHARGES; then to previously billed purchases; then to new purchases, whether or not billed on the monthly statement; and then cash advances. 7. Finance Charges. You can avoid a FINANCE CHARGE on purchases by paying the full amount of the new balance of purchases each month within 25 days of your statement closing date, which is the last day of the month. Otherwise, the new balance of purchases, and subsequent purchases from the date they are posted to your account, will be subject to a FINANCE CHARGE. Cash advances are always subject to a FINANCE CHARGE from the date they are posted to your account. FINANCE CHARGES (interest) are calculated on your balances or purchases and cash advances in the account: Business Visa Credit Card Disclosure* Annual Percentage Rate for Purchases, Cash Advances and Balance Transfers Annual Fee As Low As 10.90% 25 per Visa account Grace Period for Purchases 25 Days on average Minimum Monthly Payment Cash Advance Fee Late Payment Fee Over-the-limit Fees Method for Computing the Balance for Purchases Greater of 5% or 20 1% of advance amount 25 for any payment 5 or more days past due None Average Daily Balance (including current transactions) *The information in this disclosure was accurate as of 08/08, and after that date is subject to change. Rate based on creditworthiness and underwriting policies. For current info, call Arizona Central Credit Union, toll free at (866) , Locally at (602) or write to ACCU, P.O. Box Phoenix Arizona or visit our website at Daily principal balance is calculated separately from purchases and cash advances and is determined as follows: For each day during the statement period (billing cycle) the principal balance of purchases and of cash advances from the previous day are increased by any purchases or cash advances posted to the account that day. Each separate daily principal balance on the loan account is then multiplied by the number of days that balance owed, times the daily rate, and then added together. 8. Default. You will be in default if you fail to make any minimum or required payment within 25 days after your monthly statement closing date or the date it is due. You will also be in default if your ability to repay us is materially reduced by an increase in your obligations, bankruptcy or insolvency proceedings involving you, your death, you cease to exist, you make false or misleading statements affecting your creditworthiness, a change in organizational structure causes the person(s) obliging the organization to this agreement to no longer have authorization to bind legal agreements, or your failure to abide by this agreement, or if the value of our security interest materially declines (as applicable). We have the right to demand immediate payment of your full account balance if you default, subject to our giving you notice as required by law. You will be required to pay the finance charges at the Interest Rate charged before default. To the extent permitted by law, you will also be required to pay our collection expenses, including court costs, and reasonable attorneys fees. All sums are due and payable in Maricopa County. 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 Visa plan merchant, to us or to another financial institution, and sign the sales or cash advance draft which will be 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 (ATM) or other type of electronic terminal that provides access to the Visa system. Transactions that we consider equivalent to cash will be treated as a cash advance and subject to the current cash advance fee. This includes but is not limited to ATM transactions, wire transfers, and the purchase of money instruments. 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 may request. You may make unlimited number of transactions without paying ATM fees at any ATM owned by Arizona Central Credit Union. At network ATMs displaying the Cirrus, Star, Member Access, Page 5 of 6

6 SCS, or Visa logos, you will not be charged a fee for the first ten transactions per month; it will be 1 each thereafter. You are responsible for any ATM surcharges that may be levied by the ATM s owner at the time of transaction. Not all ATMs will accept your card. 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; if it is 1 or more, refund it on your written request or automatically after 6 months. 11. Foreign Transactions. If you incur a charge in a foreign currency or pursuant to or arising from any international transaction, the charge will be converted into a U.S. dollar amount. for purposes of this section, an international transaction shall include both (a) transactions initiated in a foreign country which are subsequently settled in the U.S. and (b) transactions initiated in the U.S. but which are ultimately settled in a country outside of the U.S. Visa and/or MasterCard s processing rules provide that the exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa or MasterCard from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa or MasterCard receivers, or the government-mandated rate in effect fro the applicable central processing date, plus a fee of 1% assessed by Visa and MasterCard against the Credit Union, which is referred to as the International Transaction Fee. Visa and/or MasterCard s processing rules are incorporated herein, as amended from time to time. The Credit Union will assess the International transaction fee to you to reimburse it for the fee it is required to pay for each of your international transactions. The converted transaction amount will include the International Transaction fee (1%) on your periodic statement. 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 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. By signing an application, acceptance, or authorized use of any credit cards, you grant and pledge a consensual lien to us on all shares to secure payment of your obligations on this account. In addition, you acknowledge our statutory lien rights under the Federal Credit Union Act; you agree that such a lien is impressed as of the date that this account is opened; and you agree that we can apply the shares pledged at the time of any default on this account without further notice. Shares for the purpose of your pledge to secure your obligations to the Credit Union means all deposits in any share shavings, share draft, club, certificate, P.O.D., revocable trust or custodial account(s), whether jointly or individually held regardless of contributions that you have on deposit now or in the future. Your pledge does not include any IRA, Keogh, Health Savings Accounts, tax escrow, irrevocable trust or fiduciary account in which you do not have a vested ownership interest. 14. Change in Legal Structure, Owners, or Officers. You agree to notify us of any change in your legal structure, owners, or officers within ten days (as applicable). 15. 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 may contain different terms. We may amend this agreement from time to time by sending you the advance written notice as 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. This written agreement can not be contradicted by evidence of any alleged oral agreement. This agreement is governed by the laws of the state of Arizona. Page 6 of 6