A financial institution shall not issue to a customer a card or means of access to a customer’s account for the purpose of initiating an electronic fund transfer other than in response to a request or application therefor or as a renewal of, or in substitution for, an accepted card or means of access, whether issued by the initial issuer or a successor, except that a financial institution may distribute unsolicited cards or means of access only to its own customers and only if all of the following occur:

    (a) The card or means of access does not have credit features, except overdraft privileges on deposit accounts.

    (b) The distribution is accompanied by a full disclosure of the customer’s rights and liabilities and a written agreement to sign to indicate the customer’s acceptance of the card or other means of access.

    (c) The card or other means of access is not capable of being used until additional information is furnished by the issuer after receipt of the customer’s written agreement.