Using Your Credit Card Account Sample Clauses

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 transa...