5/19/2016

Credit Card Application › Merchants Bank, N.A.

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Credit Disclosures

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Introductory Period Annual
Percentage Rate (APR) for
purchases, balance transfers and
cash advances

Annual Percentage Rate (APR) for
purchases and balance transfers
after the introductory period

A ﬁxed 0% APR for six months from the date account
is open 

(1)

(2,3) 

Visa® Classic ScoreCard 9.99% ﬁxed rate 
Visa® Platinum ScoreCard-Merchandise 9.99% 
rate 
Visa® Platinum ScoreCard-Cash Back 9.99% ﬁxed
Rate 

(2,3) 

(2,3)

Cash Advance Rate

14.99% 

(3)

Method of Computing Balance for
Purchases

Average daily balance including new purchases

How to Avoid Paying Interest on
Purchases

The account balance is paid in full within 25 days after
the statement closing date 

(3,4)

Minimum Finance Charge

None 

(4)

For Credit Card Tips from the
Consumer Financial Protection
Bureau

To learn more about factors to consider when applying
for or using a credit card, visit the website of the
Consumer Financial Protection Bureau at
http://www.consumerﬁnance.gov/learnmore
(http://www.consumerﬁnance.gov/learnmore)

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FEES

Credit Card Application › Merchants Bank, N.A.

Annual Membership Fee

Visa® ScoreCard-Merchandise: None 
Visa® ScoreCard-Cash Back: $30

Transaction Fees  
• Balance Transfer  
• Cash Advance  
• Foreign Transfer

Penalty Fees  
• Late Payment  
• Over-the-Credit Limit  
• Returned Payment

Other Fees

None  

$3  
None 

$7.80  
None  

None 

Replacement Card Fee: $10 if card is replaced more
than once in any 12 month period  
Foreign Transaction Fee: 1% of the converted
transaction amount  
Expedited Card Delivery Fee: $20 

These Account Terms are true as of 1/1/16. Terms are subject to change. Should you have any
questions regarding changes after printing date, please contact us.

(1) INTRODUCTORY INTEREST RATE (for new purchases, balance transfers and cash advances) — From the account-opening date,
the introductory interest rate will be 0% APR FIXED FOR SIX MONTHS. Thereafter the rate will be the APR disclosed in the above
“ACCOUNT TERMS” for the type of Visa® credit card you obtain, based on the terms and conditions in the application. See full
details of Account conditions and terms in the Bank Credit Card Agreement (“Agreement”) provided separately from the
application and/or credit card at account opening. Account terms may change in accordance with the agreement and applicable
laws. 

(2) Visa® Classic ScoreCard, Visa Platinum ScoreCard-Merchandise and Visa Platinum ScoreCard-Cash Back are subject to a F/C of
.83%, which is equal to an APR of 9.99%.

(3) WHEN INTEREST RATES BEGIN TO ACCRUE. All cash advances are subject to a FINANCE CHARGE from the date of the cash
advance. A “ﬁxed” Annual Percentage Rate (APR) means that the APR will not vary in accordance with changes in a formula, such
as the U.S. Prime Rate. Merchants Bank reserves the right to change the APRs in accordance with the Bank Credit Card Agreement
and the laws of the State of Minnesota and the Federal Truth in Lending Act.

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5/19/2016

Credit Card Application › Merchants Bank, N.A.

(4) Purchases are subject to a ﬁnance charge from the date they are posted to the account; however, no interest is imposed on
purchases if the account balance is paid in full within 25 days after the statement closing date. If you elect not to pay the entire
new balance shown on your previous monthly statement within that 25-day period, a ﬁnance charge will be imposed on the
unpaid average daily balance of such Credit Purchases from the previous statement closing date and on new Credit Purchases
from the date of posting to your account during the current billing cycle, and will continue to accrue until the closing date of the
billing cycle preceding the date on which the entire new balance is paid in full or until the date of payment if more than 25 days
from the closing date. The ﬁnance charge for a billing cycle is computed by applying the monthly periodic rate to the average
daily balance of Credit Purchases, which is determined by dividing the sum of the daily balances during the billing cycle by the
number of days in the cycle. Each daily balance of Credit Purchases is determined by adding to the outstanding unpaid balance of
Credit Purchases at the beginning of the billing cycle any new Credit Purchases posted to your account, and subtracting any
payments as received or credits as posted to your account, but excluding any unpaid ﬁnance charges. 

ScoreCard(SM) Bonus Point Program 

Complete ScoreCard Bonus Point Program rules will be sent with your ﬁrst statement. Rewards begin to accumulate after you
have received and activated your new card. Points accrued will expire ﬁve years after they are earned. March 31 is the expiration
date for points not redeemed within the previous ﬁve year period. For example, if a purchase is made November 11, 2015, the
points will not expire until March 31, 2021.

Important Information About Opening an Account

To help the government ﬁght the funding of terrorism and money laundering activities, Federal
law requires all ﬁnancial institutions to obtain, verify and record information that identiﬁes each
person who opens an account.

When you open an account, we will ask for your name, address, date of birth, and other
information that will allow us to identify you. We may ask to see your driver's license or other
identifying documents.

* What state do you currently reside in?

Minnesota

* Which bank location do/would you frequent most?

please select

* Do you intend to apply for Individual or Joint credit?

Individual Credit 

Joint Credit

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Credit Card Application › Merchants Bank, N.A.

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