Important Changes to Your Mastercard^® Credit Card Account Terms

You can either accept the change in terms and continue using your Card, or you can reject the changes and discontinue use of the Card.

If you decide to no longer use the Card, you’ll need to inform RBFCU by the end of business on Saturday, Dec. 31, 2022 at 1-800-580-3300 (Monday through Friday from 8 a.m. to 6 p.m. and Saturday from 8:30 a.m. to 4 p.m.). RBFCU will close the Card account.

If you do not inform us that you are rejecting the changes, we will continue our relationship with you through the Card according to the IMPORTANT CHANGES TO YOUR ACCOUNT TERMS notice.

All cards in the RBFCU Mastercard portfolio starting in 2023 will be variable rate cards; therefore, rates are subject to change based on the Prime Rate. If you continue using your Card, any changes to the Annual Percentage Rate (APR) will apply to transactions made on or after Jan. 1, 2023. For a description of the calculation of the APR,* please see the end of these FAQs.

Your account balance will be subject to the current APR calculations for transactions made prior to Jan. 1, 2023. Only transactions made on or after Jan. 1, 2023 will be subject to the new terms.

Your Card will be closed, and you will not be able to use the Card account for any new transactions. You must continue to pay your balance owed according to your current Mastercard agreement.

Gold and Platinum CashBack cardholders who reject the change and have accumulated cash back will see their cash rewards distributed on the annual payout date. If you have accumulated points on the Platinum Points Rewards card and reject the change, you must redeem your rewards prior to closing the account. According to the terms of your existing Credit Card Agreement and Disclosure (Agreement), any cash or points rewards are forfeited when the card is closed before redemption.

The cash back you earn with the RBFCU CashBack Rewards Mastercard credit card after the annual payout date will continue with no limit on earning cash back. The cash back you earn can be redeemed at any time.

Yes. The new fees will be as follows:

Yes, an updated card is coming in 2023! To view a graphic description of new credit card features, visit rbfcu.org/mastercard. Until you receive your new Card, you may continue using your existing Card.

No action is required on your part. You will receive updated information on the delivery of your new Card in the first quarter of 2023.

Yes, your account number will change when you receive your new Card. Issuing a new card account number will assist us with a top priority of Card security. The new account number and expiration date will assist us in protecting your account from fraud.

The three-digit CVV number on the back of your Card will also change.

Note: Please be ready to contact merchants with whom you have recurring payments linked to your current Card. They will need the updated information of both the Card and CVV numbers on the new Card in order to process future charges. This applies to authorized users as well. An authorized user is granted access to another individual’s credit card account. The user has the same charging privileges as the primary cardholder but isn’t financially responsible.

The new cards will enable you to make contactless payments (also referred to as touch-free or tap-and-pay). Not only is this convenient when you pay, contactless credit cards add security with the use of tokenization to mask your actual credit card number and protect your Card information from being stolen. Also, you can continue to load your Card to your mobile wallet, which will use the same tokenization as contactless cards.

There is no annual fee on any of the RBFCU credit cards. The RBFCU World Cash Back card will offer 2% cash back rewards on every purchase, every time. There’s no limit on earning cash back rewards, and the cash back rewards you earn can be redeemed at any time. We also will continue to offer the RBFCU Premier Rate Mastercard with a competitive interest rate, and the RBFCU Business Select Mastercard with 2% cash back rewards on purchases by business owners.

The credit limit on your new Card will remain the same as that of your existing Card.

Note: To request an increased credit limit, please visit rbfcu.org/loans/credit-cards to apply.

Your due date may change. If you wish to select a new payment due date, you may contact RBFCU at 1-800-580-3300 (Monday through Friday from 8 a.m. to 6 p.m. and Saturday from 8:30 a.m. to 4 p.m.) after you receive the first statement with your new Card.

All agreements and disclosures can be found at rbfcu.org/changeinterms. Cardholders also can go to rbfcu.org/forms-disclosures and click the “Loans” tab. Scroll down the page to “Credit Cards.”

For new credit card requests, review your Loan Status Page for any “next steps” that may need to be satisfied for finalization. If all actions have been satisfied before Jan. 15, you should receive your new card(s) within 3-5 business days. If all actions are not completed by 11:59 p.m. CST on Jan. 15, there will be a delay in receiving your card(s) and your application will be finalized beginning in February, after which you will receive your upgraded and newly designed card.

For credit limit increase requests, review your Loan Status Page for any “next steps” that may need to be satisfied for finalization. If your rate increases as a result of your application, we’ll be able to finalize changes beginning in March. If you require funds sooner, please consider applying for a Personal Loan.