Visa¨ Credit Card Disclosure and Agreement
PLEASE RETAIN THIS INFORMATION WITH OTHER FINANCIAL DOCUMENTS.
This Agreement covers each Visa Account ÒAccountÓ you have with us. It also covers the use of your Purdue Federal 
Credit Card Convenience Checks ÒConvenience ChecksÓ in connection with your Account. The words ÒyouÓ and ÒyourÓ 
mean each and all of those who sign an Account application and any person authorized to access your account. ÒCardÓ 
means a Visa credit card and any duplicates and renewals Purdue Federal Credit Union ÒPurdue FederalÓ issues. 
ÒAccountÓ means your Visa credit card line of credit account with Purdue Federal. By requesting, signing, using or 
keeping your card and/or Convenience Checks, you are agreeing to all the terms and conditions of this document 
including the right to cross-collateralization and the granting of a security interest.
1. Using the Account. When you are approved for a Visa Account, Purdue Federal establishes a line of credit 
for you and notifies you of its amount when the Card is sent to you. In order for it to be valid, you must sign your Card 
as soon as you receive it. By requesting, signing, using or keeping your Card and/or Convenience Checks, you accept 
this Agreement. You also accept this Agreement by using your Card or Convenience Checks. You agree not to let your 
Account balance exceed your approved credit limit. Each payment you make on the Account will restore your credit 
limit by the amount of the payment, which is applied to the principal amount of purchases and cash advances. You 
may request an increase in your credit limit only by submitting an application, which may be approved by Purdue 
Federal. Purdue Federal has the right to reduce or terminate your credit limit at any time.
2. Using the Card. You may use the Card issued to you to make purchases in person or by mail, telephone or 
Internet from merchants and others who accept Visa cards. In addition you may obtain cash advances from Purdue 
Federal, other financial institutions participating in the Visa program and select Automated Teller Machines (ATMs), 
such as Visa ATM Network, that provide access to the Visa system (not all ATMs provide such access). You will need to 
use your Personal Identification Number (PIN) to obtain a cash advance from an ATM. A Visa card may not be used for 
any illegal transaction.
3. Using Convenience Checks. We may supply you with Convenience Checks from time to time. You 
may use these checks to draw on your available line of credit on your Account. A Convenience Check drawn on your 
Account is a loan from Purdue Federal to you. You will owe us for the amount of the Convenience Check plus the 
applicable Interest Charge from the date of the transaction.
4. Overdraft Protection. If you have requested your Account to be used to provide Overdraft Protection for 
a Checking Account maintained with Purdue Federal, funds may be transferred from your Visa Account to the 
Checking Account in accordance with the Guide to Member Services governing the Checking Account. All funds will be 
transferred in increments of $100 and are processed as a cash advance under this Agreement and treated as such. 
Such transfers are loans by us to you. You will owe Purdue Federal for the amount of such transfers plus the applicable 
Interest Charge. You understand that anyone who is authorized to make withdrawals from the Checking Account may 
access your Visa Account through Overdraft Protection.
5. Responsibility. You agree to pay all charges (purchases, transfers and cash advances) to your Account 
made by you or anyone who you authorized to use your Account. Your obligation to pay the amount owed on your 
Account continues until paid in full, even though an Agreement, divorce decree or other court judgment to which 
Purdue Federal is not a party may direct someone else to pay the Account balance. If more than one person signs this 
Agreement, each is individually responsible for all amounts owed on the Account and all are jointly responsible for all 
amounts owed. This means Purdue Federal can enforce this Agreement against any of you individually or all of you 
together.
6. Making Payments. You promise to pay all amounts you owe on your Account, including any Interest or 
Late Charge. When you receive your billing statement you may pay the full amount due or a lesser amount, but the 
least you may pay is the minimum payment amount shown on your billing statement. Your minimum payment will 
be any amount past due or over-the-limit plus the larger of 3% of your new balance or $25 (effective 2/25/12). If we 
elect not to require a minimum monthly payment at any time, the Interest Charge on your Account will continue to 
accrue at the Annual Percentage Rate. Whatever you choose to pay, your payment must reach us no later than the 
payment due date shown on your statement.
7. Interest Charges. The Annual Percentage Rate is an interest rate set by Purdue Federal. Separate Interest 
Charges for purchases and cash advances are determined by multiplying the periodic rate by the separate average 
daily balance for purchases and cash advances. Each average daily balance is determined by taking the beginning 
balance (of cash advances or purchases) in your Account each day, adding any new purchases or cash advances 
(whichever is applicable) and subtracting any payments or credits. The results are the daily balances. All daily 
balances for the statement cycle are added and the total is divided by the number of days in the statement cycle to 
arrive at the average daily balance for the cycle. Cash advances are always subject to a Interest Charge from the date 
they are posted to your Account. If a grace period applies:
(a) Purchases. An Interest Charge will be imposed on purchase posted during a Billing Cycle when the Previous 
Balance is not paid in full within the first 25 days of the Billing Cycle. An Interest Charge will also be imposed on 
Purchases included in the new balance when the new balance is not paid in full within 25 days after the statement 
date.
(b) Cash Advances. An Interest Charge will be imposed on Cash Advances from the date of the transaction to 
the date paid. The Interest Charge accrued on Cash Advances will appear on your next statement. There is no time 
period which to pay to avoid the Interest Charge on Cash Advances.
(c) Balance Transfers. Balance Transfers will be processed as Cash Advances and an Interest Charge will be 
imposed from the date of the transaction to the date paid. The Interest Charge accrued on Balance Transfers will 
appear on your next statement. There is no time period which to pay to avoid the Interest Charge on Cash Advances. 
We are not responsible for late payment or nonpayment to other card issuers.
8. Monthly Payment. Each month you must pay at least the minimum payment shown on your statement 
by the date specified on your monthly statement. You may pay more frequently, pay more than the minimum 
payment, or pay the Total New Balance in full. If you make extra payments or larger payments, you are still required 
to make at least the minimum payment each month your Account has a balance. Your minimum payment required 
each month is disclosed on the Agreement under ÒMaking PaymentsÓ. In addition anytime your Total New Balance 
exceeds your credit limit, you must immediately pay the amount over your credit limit.
9. Payment Allocation. Subject to applicable law, your minimum payment will be applied to what you owe 
Purdue Federal in the following order: interest, fees, promotional rate balances, cash advance balances and purchase 
balances. Excess payments over the minimum payment will be applied to the balance with highest interest rate and 
any remaining payment to next highest APR in descending order.
10. Security Interest. You agree this loan is also secured by all the shares and deposits in all your individual 
and joint accounts with Purdue Federal now and in the future. Shares and deposits in an Individual Retirement 
Account and any other account that would lose special tax treatment under state or federal law if given as security are 
not subject to the security interest you give in your shares and deposits. Property you have given to secure other loans 
will also secure this loan.
11. Default. You will be in default if you fail to make any minimum payment or other required payment by the 
date it is due. You will be in default if you break any promise you make under this Agreement. You will be in default if 
you die, file for bankruptcy or become insolvent, that is, unable to pay your obligations when they become due. You 
will be in default if you make any false or misleading statements in any credit applications or credit update. You will 
be in default if something happens that Purdue Federal believes may substantially reduce your ability to repay what 
you owe. When you are in default, Purdue Federal has the right to demand immediate payment of your full Account 
balance without notice. If immediate payment is demanded, you will continue to pay an Interest Charge at the 
periodic rate charged before default, until what you owe has been paid and any collateral given as security will be 
applied toward what you owe or sold pursuant to law. To the extent permitted by law, you will also be required to 
pay Purdue FederalÕs collection expenses, including court costs and reasonable attorneyÕs fees.
12. Liability for Unauthorized Use. Your Purdue Federal Visa offers Òzero liabilityÓ for unauthorized 
use. To obtain the Òzero liabilityÓ status you must report any unauthorized use of your Account immediately.
13. Lost Card Notification. If you believe your credit card has been lost or stolen, inform Purdue Federal 
immediately. Notify Purdue Federal in writing or by calling 800.627.3328.
14. Changing or Terminating Your Account. Purdue Federal may change the terms of this 
Agreement from time to time after giving you advance notice as required by law. Your use of the Card after receiving 
notice of a change will indicate your agreement to the change. To the extent the law permits, and indicated in the 
notice to you, the change will apply to your existing Account balance as well as to future transactions. Either you or 
Purdue Federal may terminate this Agreement at any time, but termination by you or Purdue Federal will not affect 
your obligation to pay the Account balance plus any Interest Charges and other charges you owe under this 
Agreement. The cards you receive remain the property of Purdue Federal and you must recover and surrender to 
Purdue Federal all cards upon request or upon termination of this Agreement whether by you or Purdue Federal.
If you choose not to accept any of these terms, your credit limit will be removed and your minimum payment will be 
calculated based on a five-year amortization schedule. To opt out, Purdue Federal requires written notice by 
electronic mail to mbrservice@purduefed.com or by postal mail to PO Box 1950, West Lafayette, IN 47996-1950.
15. Credit Information. You authorize Purdue Federal to investigate your credit standing when opening or 
reviewing your Account. You authorize Purdue Federal to disclose information regarding your Account to credit 
bureaus and creditors who inquire about your standing.
16. Returns and Adjustments. Merchants and others who honor the Card may give credit for returns or 
adjustments, and they will do so by sending Purdue Federal an electronic credit, which will be posted to your 
Account. If your credits and payments exceed what you owe Purdue Federal, the amount will be credited to your 
share account. Any outstanding credits will be credited to your share account within 30 days.
17. 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 U.S. dollars will be made in accordance with the operating 
regulations for international transactions established by Visa U.S.A. The conversion rate to U.S. dollars will be a rate 
selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing 
date, which may vary from the rate Visa itself receives, or the government-mandated rate in effect for the applicable 
central processing date, in each instance, plus or minus any adjustment determined by the Issuer. You will be charged 
an International Service Assessment (ISA) fee mandated by Visa, up to 1% of the transaction amount based on 
whether the transaction is processed in U.S. dollars or converted to U.S. dollars. All transactions, including online 
transactions, that may have been originated by the cardholder in the U.S., but are processed by a foreign merchant 
are subject to this fee. You may not receive prior notification from the merchant that your transaction is processed 
overseas. This is not a fee assigned by Purdue Federal.
18. Merchant Disputes. Purdue Federal is not responsible for the refusal of any merchant or financial 
institution to honor the Card. Purdue Federal is subject to claims and defenses (other than tort claims) arising out of 
goods and services you purchase with the Card.
19. Effect of Agreement. This Agreement is the contract that applies to all transactions on your Account 
even though the sales, cash advances, credit or other slips you sign or receive may contain different terms. You agree 
to all the terms and charges contained in this Agreement.
20. No Waiver. Purdue Federal can delay enforcing any of its rights any number of times without losing these 
rights.
21. Statements and Notices. You will receive a statement each month showing transactions on your 
Account. Statements and notices will be provided to you at your physical or electronic address, whichever method you 
prefer. Notice sent to any one of you will be considered a notice to all. Statements may not be generated when there 
are no transactions on the Account. It is your responsibility to notify Purdue Federal upon a change of addressÑ
electronic mail or postal mail.
22. Other Fees and Charges. Other Charges and Fees that apply will be added to your Account on the 
Monthly Statement for the billing cycle in which they are incurred, as follows:
a)  Late Payment Ð A late fee of $25 or the minimum payment due rounded to the whole dollar, whichever is less, will 
be charged if we do not receive your minimum payment on or before the payment due date as noted on your Monthly 
Statement.
b) Returned Check Fee Ð A fee up to $25 will be charged if you (i) make a payment on your account with a check, 
draft, negotiable order of withdrawal or similar instrument drawn on a depository institution and such instrument is 
not paid or is dishonored by that financial institution, or (ii) issue a Convenience Check for which there are not 
sufficient available funds on your Account. 
c) Statement Copy Ð A $5 fee will be charged for any additional Monthly Statement copy you request from Purdue 
Federal.
The charges and fees will be treated by Purdue Federal as an adjustment to the Account balance and will not be 
subject to an Interest Charge; however, we may choose to waive any of the charges or fees described in this section 
from time to time.
23. Copies of Documents. You will be charged a $5 fee for a copy of a monthly statement that you request 
from the Contact Center or a teller. For a copy of an original sales slip requested from Visa, you will be charged their 
applicable fee.
24. Personal Identification Number (PIN). We will furnish you with a Personal Identification 
Number (PIN). You agree to keep the PIN confidential. You also agree that use of the PIN and Visa card to obtain a 
cash advance or make a purchase constitutes your signature for purposes of such transactions.
25. Inactive Accounts. Issued cards that are not activated will be closed after 90 days. Activated cards that 
have no activity for a period of 22 months will be deactivated and will not be re-issued. Any Account that has not had 
any activity for 24 months may have the credit limit removed, thus closing the Account. Any rewards points accrued 
with this Card or Account will expire with the Card. 
26. Rewards. Your credit card purchases are eligible to earn My Rewards points that never expire. Full rewards 
terms and conditions are available at purduefed.com/myrewards.
Your Billing Rights
This notice contains important information about your rights and responsibilities under the Fair Credit Billing Act.
Notify Us in Case of Errors or Questions about Your Statement. If you think your statement is wrong or if you need 
more information about a transaction on your statement, write us as soon as possible on a separate sheet at the 
address listed on your statement. We must hear from you no later than sixty (60) days after we sent you the first 
statement on which the error or problem appeared. You can call us, but doing so will not preserve your rights. In your 
letter, give us the following information:
Your name, account number, current address and daytime   telephone number
The dollar amount of the suspected error
Description of the error and an explanation, if you can, why you believe there is an error. If you need more 
information, describe the information you are not sure about.
If you are disputing a transaction, further information about the dispute will be requested in writing by Purdue 
Federal in accordance with Visa U.S.A. operating rules. Contact Purdue Federal for more details.
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 (3) 
business days before the automatic payment is scheduled to occur.
Your Rights and Responsibilities After We Receive Your Written Notice. We must 
acknowledge your letter with a written notice within thirty (30) days, unless we have corrected the error by then. 
Within two Billing Cycles, but no later than ninety (90) days, we must either correct the error or explain why we 
believe the statement 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 Interest Charges and we can apply any 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 statement that are not in question.
If we find we made a mistake on your statement, you will not have to pay any Interest Charges related to any 
questioned amount. If we didnÕt make a mistake, you may have to pay Interest 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, the date it is due and copies of documents or evidence, if requested by you.
If you fail to pay the amount you owe, we may report you as delinquent; however, if our explanation does not satisfy 
you and you write us within ten (10) days telling us you still refuse to pay, we must tell anyone we report you to that 
you have a question about your statement. 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 resolved.
Special Rule for Credit Card Purchases. If you have a problem with the quality of property or 
services 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:
(a) You must have made the purchase in your home state, if not within your home state within one hundred (100) 
miles of your current mailing address.
(b) The purchase price must have been more than $50.
These limitations do not apply if we own or operate the merchant, or if we mailed you the advertisement for the 
property or services.


PURDUE FEDERAL CREDIT UNION VISA AGREEMENT AND DISCLOSURE STATEMENT
This table provides important information regarding your credit card account with Purdue Federal Credit Union.

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases - A fixed rate of 11.5% (The rate you receive is based on your credit worthiness.)
APR for Purchases - 1.9% introductory APR for 6 months from date of account opening. After that, your APR will revert to your assigned APR of 11.5%
APR for Balance Transfers - 1.9% introductory APR for 6 months from date of account opening. After that, your APR will revert to your assigned APR of 11.5%
APR for Cash Advances - 1.9% introductory APR for 6 months from date of account opening. After that, your APR will revert to your assigned APR of  11.5%
Penalty APR and When it Applies - 1.9% introductory APR reverts to assigned account APR for missed or late payment. There are no additional penalty rates associated with this offer.
How to Avoid Paying Interest on Purchases - Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month.
Minimum Interest Charge - $0.00
For Credit Card Tips from the Federal Reserve Board - To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.



Fees

Annual Fees - None
Transaction Fees - No Balance Transfer Fee, No Cash Advance Fee, Foreign Transaction Fee up to 1% (fee collected by Visa). Purdue Federal does not charge an additional foreign transaction fee.
Penalty Fees - Late Payment Fee up to $25.00

How We Will Calculate Your Balance: We use a method called Average Daily Balance, which includes new purchases.

Loss of Introductory APR: We may end your introductory APR and apply the penalty APR if you make a late payment.


PO Box 1950 // West Lafayette, IN 47996-1950
765.497.3328 // 800.627.3328 // purduefed.com

This credit union is federally insured by the National Credit Union Administration.

02/12