Target Credit Card 
Agreement 

This Agreement explains the terms that you agree 
to  follow  for  your  Target  Credit  Card  Account 
(“Account”). Your signature on your application or 
solicitation  for  this  Account,  including  without 
limitation  any  electronic  or  digital  signature,  as 
well  as  your  signature  on  sales  slips  or  any 
Account-related  document, 
represents  your 
signature on this Agreement. The card carrier that 
accompanied your Target Credit Card is part of this 
Agreement.  In  this  Agreement  “we,”  “us,”  “our” 
and  “TD  Bank”  mean  TD  Bank  USA,  N.A.,  a 
national  bank  with  its  main  office  located  in 
Delaware, and its successors and assigns, which is 
the  issuer  of  the  Target  Credit  Card.  “You”  and 
“your”  mean  everyone who  is  liable  for  payment 
on  this  Account.  “Card”  refers  to  your  Target 
Credit  Card.  “Target”  means  Target  Corporation 
and  its  affiliates.  "PIN"  refers  to  the  personal 
identification  number  associated  with  your  Card 
and any other personal identification number you 
use  to  authorize  a  purchase  using  the  Card, 
including  any  PIN  or  password  that  you  use  to 
access  any  mobile  wallet  where  you  store  your 
Card number. You understand that TD Bank USA, 
N.A. is the issuer and Target has the right to service 
accounts and collect on TD Bank’s behalf. 

1. USE OF YOUR ACCOUNT - When you apply 
for  an  Account,  you  promise  to  be  bound  by  the 
terms of this Agreement. You promise to pay us for 
all  credit  extended  under  this  Agreement  and  all 
other amounts you owe to us according to the terms 
of  this  Agreement.  If  the  Account  is  a  joint 
Account, each of you is bound by this Agreement 
and each of you jointly and individually promises 
to pay us, and may be held liable for, all amounts 

TD TC161965 (R04.20) 

owed to us on your Account. You also promise to 
pay us for charges incurred by anyone you allow to 
use  your  Account.  If  you  give  your  Card  to 
someone and authorize their use of the Card, you 
must 
their 
authorized use. This Account may be used only for 
personal, family or household purposes. You agree 
that you will not use or allow use of your Card or 
Account for any illegal transaction or purpose. 

regain  possession 

terminate 

to 

in 

the  United  States  and  from 

You may only use your Card to make purchases of 
goods and services (“Purchase(s)”) at Target stores 
located 
the 
Target.com website.  You may be required to enter 
your  PIN  to  complete  a  transaction.    You  will 
safeguard  your  Card  and  all  PINs  to  prevent 
unauthorized use.  

2.  CREDIT  LIMIT  -  You  agree  that  we  may 
establish  a  credit  limit  for  your  Account  (“Credit 
Limit”).  You  agree  that  we  may  change  a  Credit 
Limit at any time for any reason not prohibited by 
law, including, but not limited to, changes in your 
credit capacity, your pattern of payments to us, or 
your purchasing behavior.  We may also change a 
Credit Limit based on any information provided to 
us by a consumer reporting agency, including your 
risk  score  at  the  consumer  reporting  agency  or 
information  about  credit  accounts  you  have  with 
other companies. We may, but are not required to, 
approve transactions that exceed your Credit Limit 
without liability to you and without obligating us 
to do so in the future. You agree to prevent your 
Account balance from exceeding the Credit Limit. 

3.  SPECIAL  PROMOTIONS  -  Occasionally, 
you may be provided the opportunity to use your 
Card  or  Account  in  connection  with  special 
promotions.  These  promotions  may  be  subject  to 
terms  and  conditions  in  addition  to  or  different 

from those provided in this Agreement, which will 
be described in the special promotion offer. Unless 
otherwise  stated,  however,  all  terms  of  this 
Agreement shall apply to any special promotion. 

4.  PAYMENTS  -  We  will  send  you  a  billing 
statement  each  month  that  your  Account  has  a 
balance.  Your  billing  statement  will  show  the 
amount  you  owe  us,  which  is  called  the  New 
Balance, and the smallest amount you have agreed 
to pay us for that billing period, which is called the 
Minimum Payment Due. If any portion of the New 
Balance is delinquent, the statement will show the 
Amount Past Due. The statement will also tell you 
the Payment Due Date. 

The Minimum Payment Due each month will equal 
the  greater  of  a)  $29.00;  or  b)  the  sum  of  the 
following:  1%  of  your  New  Balance  (rounded  to 
the next higher whole dollar amount), any Interest 
Charges, any Returned Payment Fees, and any Late 
Payment  Fees.  We  may  round  your  Minimum 
Payment  Due  to  the  next  higher  whole  dollar 
amount. If  there  is  an Amount  Past Due,  we  will 
also  add  that  amount  and  include  it  in  your 
Minimum  Payment  Due.  If  your  New  Balance  is 
less than $29.00, the Minimum Payment Due will 
be the entire New Balance. 

Your minimum payments will be allocated in our 
discretion.  Payments  in  excess  of  the  minimum 
payment  will  be  allocated  in  accordance  with 
applicable law. 

You agree to pay us in United States dollars. If you 
pay  by  check,  your  check  must  be  drawn  on  a 
depository institution located in the United States. 
If  you  do  not  pay  the  New  Balance  in  full,  you 
agree to pay by your Payment Due Date at least the 
Minimum Payment Due. You may, at any time, pay 

 
 
 
 
 
 
 
 
 
the total amount owing on your Account. Payments 
are posted to your Account in a timely manner as 
required by law. However, we may delay restoring 
your  available  Credit  Limit  in  the  amount  of  the 
payment to make sure we receive the funds. 

At  our  option,  we  may  obtain  payment  for  any 
check  or  other  instrument  that  you  send  to  us  by 
initiating  an  electronic  (including  Automated 
Clearing  House)  transfer  from  your  depository 
institution account in the amount of your check or 
instrument. Your  check or  instrument  will not  be 
returned  to  you  by  us  or  by  your  depository 
institution.  Your  depository  institution  account 
may be debited as early as the same day we receive 
your payment. If we cannot process the electronic 
transfer or if the electronic transfer is returned to 
us,  we  may  present  the  original  check  or  other 
instrument,  a  substitute  check,  draft  or  similar 
instrument to obtain payment. 

5. UNAUTHORIZED USE - If you notice the loss 
or  theft  of  your  Card  or  PIN,  or  a  possible 
unauthorized use of your Card or PIN, you should 
write to us immediately at: 

Target Card Services 
P.O. Box 1581 
Minneapolis, MN 55440-1581 
Or call us at: 1-800-659-2396 

If you notify us by telephone, you agree to confirm 
your notification in writing. You are not liable for 
unauthorized  use  of  the  Account.  You  agree  to 
assist  us  in  determining  the  facts  relating  to  any 
theft or possible unauthorized use of your Account 
and to comply with the procedures we may require 
for our investigation. All Cards are issued by us to 
you and you must return or destroy your Card if we 
request you to do so. 

6.  CREDIT  AUTHORIZATIONS 
-  Some 
transactions  will  require  our  prior  authorization 
and you may be asked to provide identification. If 
our  authorization  system  is  not working,  we  may 
not be able to authorize a transaction. We will not 
be liable to you if any of these events happen or for 
any failure to authorize a transaction. We are also 
not responsible for the refusal of anyone to accept 
your Card. 

7. INTEREST CHARGES - 
•  ANNUAL  PERCENTAGE  RATE  —  Your 
Annual Percentage Rate and corresponding Daily 
Periodic Rate may vary with changes in the Prime 
Rate.  If  you  received  a  temporary  card  for  your 
Account, the Annual Percentage Rate and the Daily 
Periodic Rate applicable to your Account are noted 
on  it.  The  temporary  card  is  a  part  of  this 
Agreement.  The  card  carrier  sent  with  your  Card 
also  tells  you  the  Annual  Percentage  Rate  and 
Daily  Periodic  Rate  applicable  to  your  Account 
and is a part of this Agreement. If the Prime Rate 
changes, the Annual Percentage Rate shown on the 
card  carrier  and  your  billing  statement  may  be 
different  than  those  disclosed  on  your  temporary 
card. 

The  Annual  Percentage  Rate 
(“APR”)  and 
corresponding Daily Periodic Rate (“DPR”) will be 
determined by adding a margin to the Prime Rate. 
The  “Prime  Rate”  means  the  highest  U.S.  Prime 
Rate  published  in  the  “Money  Rates”  section  of 
The Wall Street Journal. For each billing period we 
look at the Prime Rate on the last business day of 
the  previous  calendar  month.  Any  change  in  the 
APR  and  corresponding  DPR  will  take  effect  on 
the  first  day  of  the  billing  period.  Your  rate  may 
increase when the Prime Rate increases. If the APR 
and  corresponding  DPR  increase,  the  Minimum 

Payment Due and the amount of Interest Charges 
on your Account may also increase. 

•  PURCHASES  -  The  APR  for  Purchases  is 
determined by adding to the Prime Rate a margin 
of 19.65%. Please see the Pricing Information for 
the APR and corresponding DPR that was in effect 
within  the  last  60  days  from  your  request  of  this 
agreement.  

•  BALANCE  COMPUTATION  AND  PAYING 
INTEREST  CHARGES  -  We  calculate  a  Daily 
Balance  for  your  Account.  We  may  maintain 
separate  balances  for  your  Purchases  and  special 
promotional  Purchase  balances  (each,  a  “Balance 
Type”) and calculate a Daily Balance for each. To 
determine  the Daily  Balance  for  a  Balance  Type, 
each  day  we  take  the  beginning  balance  for  the 
Balance  Type,  add  any  new  charges  included  in 
that Balance Type, and subtract any payments and 
credits  applied  to  that  Balance  Type.  We  then 
multiply  the  resulting  balance  by  the  applicable 
Daily  Periodic  Rate.  The  resulting  daily  Interest 
Charge is included in the beginning balance of that 
Balance  Type  for  the  next  day.  Purchases  are 
included in the Daily Balance as of the later of the 
transaction date or the first day of the billing period 
in  which  the  Purchase  is  posted  to  the  Account. 
Fees  are  included  in  the  Daily  Balance  of 
Purchases when posted to the Account. 

We figure the Interest Charge on your Account for 
each  Balance  Type  by  multiplying  your  Daily 
Balance  of  each  Balance  Type  by  the  applicable 
Daily Periodic rate for each day in the billing cycle. 
At the end of the billing period, we will add up the 
daily  Interest  Charges  on  all  Balance  Types  for 
each  day  in  the  billing  period  to  get  the  total 
Interest Charge for the billing period. 

TD TC161965 (R04.20) 

 
 
 
 
 
 
 
 
 
Interest Charges begin to accrue on Purchases as of 
the  day  the  Purchase  is  included  in  the  Daily 
Balance.  However,  if  you  paid  the  New  Balance 
that was shown on your previous billing statement 
by the Payment Due Date on that statement, then 
(1)  we  will  not  impose  Interest  Charges  on 
Purchases during your current billing period if you 
pay the New Balance shown on your current billing 
statement  by  the  Payment  Due  Date  on  that 
statement, and (2) we will credit any payment (to 
the  extent 
toward 
Purchases) as of the first day in your current billing 
period if you make a payment by the Payment Due 
Date  that  is  less  than  the  current  billing  period’s 
New Balance. 

the  payment 

is  applied 

If  a  New  Balance  was  shown  on  your  previous 
billing  statement  and  you  did  not  pay  the  New 
Balance  by  the  Payment  Due  Date  on  that 
statement,  then  we  will  not  impose  Interest 
Charges  on  any  Purchases  during  the  current 
billing period if you pay the New Balance shown 
on your current billing statement by the Payment 
Due Date on that statement. 

Please note that if your Account has a promotional 
balance,  this  may  impact  how  we  are  required  to 
apply  your  payments  and  whether  you  can  take 
terms  regarding  Interest 
these 
advantage  of 
Charges on Purchases. 

  MINIMUM CHARGE FOR BILLING  
PERIOD  -  For  any  billing  period  in  which  an 
Interest Charge is imposed on your Account, there 
is a minimum interest charge of $1.00. 

8. FEES - The following fees may be assessed on 
your Account. 

TD TC161965 (R04.20) 

•  LATE  PAYMENT  FEE  -  You  will  pay  a  Late 
Payment  Fee  of  $29.00  when  any  amount  due 
remains unpaid after your Payment Due Date. Any 
subsequent Late Payment Fees will be $40.00 until 
you  make  your  required  Minimum  Payment  Due 
by  the  Payment  Due  Date  for  six  consecutive 
billing periods. In any event, the Late Payment Fee 
will  not  be  greater  than  your  Minimum  Payment 
Due for the billing period for which your payment 
was late. 

•  RETURNED  PAYMENT  FEE  -  You  will  pay 
$29.00 each time any check or other payment order 
(including  an  electronic  payment)  is  not  honored 
by  a  depository  institution.  In  any  event,  the 
Returned Payment Fee will not be greater than the 
Minimum Payment Due that was due immediately 
prior  to  the  date  on  which  the  payment  was 
returned to us.  

• EXPEDITED DELIVERY FEE - At your request, 
we  will  expedite  the  delivery  of  an  additional  or 
replacement Card for your Account. You may be 
required to reimburse us up to $25.00 for delivery 
and  other  charges  imposed  on  us  by  third  parties 
for this expedited service. 

• DOCUMENTATION REPRODUCTION FEE - 
You  may  be  charged  $2.00  for  each  duplicate 
Account  document  we  reproduce  for  you  at  your 
request, in accordance with applicable law. We will 
not  charge  you  for  duplicate  documents  we 
reproduce for you in connection with a billing error 
notice  or  if  our  investigation  indicates  a  billing 
error occurred. 

9. ACCORD AND SATISFACTION - We may 
accept  letters,  checks  or  other  types  of  payments 
showing “payment in full” or using other language 
to  indicate  satisfaction  of  your  debt  (“Disputed 

Amounts”)  without  waiving  any  of  our  rights  to 
receive  full  payment  under  the  terms  of  this 
Agreement.  You  agree  to  send  any  Disputed 
Amounts to the address for billing inquiries shown 
on your billing statement. 

10.  CONSUMER  REPORT  USE  AND 
FURNISHING  INFORMATION  -  We  may 
check information about you,  your credit history, 
or  your  salary  and  employment  with  consumer 
reporting  agencies,  including  credit  bureaus,  or 
others.  We  may  report  information  about  your 
Account to credit bureaus. Late payments, missed 
payments, or other defaults on your Account may 
be  reflected  in  your  credit  report.    We  may  also 
report  information  about  you,  your  Account,  and 
our  experiences  with  you  to  consumer  reporting 
agencies, to credit bureaus, to other companies that 
are affiliated with us or to others as allowed by law 
and  our  privacy  policy.  If  you  do  not  fulfill  the 
terms of this Agreement, we may submit a negative 
report  reflecting  on  your  credit  record  to  one  or 
more consumer reporting agencies. If you believe 
we  have  reported  inaccurate  information  about 
your Account to a consumer reporting agency, you 
should notify us by sending your Account number 
and a description of the information you believe to 
be  inaccurate,  along  with  any  documentation 
supporting  the  inaccuracy,  such  as  your  credit 
report,  to  Target  Card  Services,  P.O.  Box  673, 
Minneapolis, MN 55440-0673. 

11.  DEFAULT/TERMINATION  OF  CREDIT 
PRIVILEGES  -  Subject  to  applicable  law,  you 
will  be  in  default  under  this  Agreement  if  you 
violate any term of this Agreement, fail to make the 
Minimum Payment Due by the Payment Due Date, 
or become the subject of bankruptcy or insolvency 
proceedings.  Upon  default  or  death,  subject  to 
applicable law, we may, in our sole discretion: (a) 

 
 
 
 
 
 
 
 
 
 
 
terminate 

reduce  your  Credit  Limit  (b) 
the 
Account, at which time the terms of this Agreement 
will  continue  until  we  have  been  paid  in  full;  (c) 
require immediate payment of the total balance on 
your Account including all related fees and charges 
described  in  this  Agreement;  (d)  bring  a  legal 
action against you to collect money owed to us; (e) 
terminate any special promotional credit terms; or 
(f)  take  any  other  action  permitted  by  applicable 
law.  If  we  refer  your  Account  to  an  attorney  for 
collection,  you  must  pay  to  us  all  costs  and 
expenses  of  collection,  including  attorneys’  fees 
and court costs, to the extent not prohibited by law. 
Even if you are not in default, we reserve the right 
to terminate your privileges to obtain credit on the 
Account  at  any  time.  Upon  any  termination  of 
this Agreement by you or us, you will continue 
to be obligated to pay all amounts owing under 
this  Agreement,  and  to  otherwise  perform  the 
terms and conditions of this Agreement. 

or 

an 

texts 

using 

12. COMMUNICATIONS WITH YOU - We or 
our agents may call or text by telephone regarding 
your Account. You agree that we may place such 
automatic 
calls 
dialing/announcing device.  You agree that we may 
make such calls or texts to a mobile telephone or 
other  similar  device.  You  agree  that  we  may,  for 
training purposes or to evaluate the quality of our 
service,  listen  to  and  record  phone  conversations 
you  have  with  us.  Message  and  data  rates  may 
apply.  To opt out, please call the number on the 
back of your card. 

13. WHAT LAW APPLIES - Applicable federal 
law  and  the  substantive  laws  of  the  State  of 
Delaware  (to  the  extent  not  preempted  by 
federal law) without regard to the principles of 
conflicts of law or choice of law shall govern this 

TD TC161965 (R04.20) 

Agreement. To the extent any court determines 
that this Agreement is subject to Maryland law 
concerning credit, you and TD Bank agree that 
your Account is governed by Title 12, Subtitle 9 
of 
the 
the  Commercial  Law  Article  of 
Annotated  Code  of  Maryland,  except  as 
preempted by federal law. If there is any conflict 
between  any  of  the  terms  and  conditions  of  this 
Agreement and applicable federal or state law, this 
Agreement  will  be  considered  changed  to  the 
extent necessary to comply with the law.   

CHANGE 

14. 
PERSONAL 
INFORMATION - You agree to tell us right away 
of any change in your name, address or telephone 
numbers. 

OF 

15.  ASSIGNMENT  OF  ACCOUNT  -  We  may 
sell,  assign  or  transfer  your  Account  or  any 
receivables  created  under  your  Account  without 
notice  to  you.  We  will  record  any  transfer  in  the 
book entry system maintained by us for the benefit 
of you. You may not sell, assign or transfer your 
Account  without  first  obtaining  our  written 
consent. 

16.  NO  WAIVER  -  We  may  waive  or  delay 
enforcing any of our rights under this Agreement 
or under applicable law without losing any of those 
rights or remedies. Even if we do not enforce our 
rights or remedies at any one time, we may enforce 
them at a later time. 

17. CHANGES TO THIS AGREEMENT - We 
have the right to change this Agreement (including 
the right to add additional terms) and to apply those 
changes to any existing balance on the Account as 
permitted by law. We will provide you with notice 
of any such changes as required by applicable law. 

18. NO SECURITY - Your Account is unsecured. 
We are not taking a security interest in any property 
in connection with your Account. 

19.  EVIDENCE  -  You  agree  that  we  may  use  a 
copy, microfilm, microfiche or digital image of any 
periodic  statement  or  other  document  to  prove 
what  you  owe  us  and  that  the  copy,  microfilm, 
microfiche  or  digital  image  will  have  the  same 
validity as the original. 

20.  CAPTIONS  AND  INTERPRETATIONS  - 
The  captions  used  in  this  Agreement  are  for 
convenience only. They do not affect the meaning 
of the paragraphs in this Agreement. 

21.  SEVERABILITY  -  If  any  part  of  this 
Agreement  is  held  to  be  invalid,  the  rest  will 
remain in effect. 

22. ENTIRE AGREEMENT - You agree that this 
Agreement  (as  amended  and  supplemented  from 
time to time) and the application constitute the final 
expression of the Agreement between you and us 
and  that  this  Agreement  may  not  be  contradicted 
by  evidence  of  any  prior  or  contemporaneous  or 
subsequent 
a 
representative  of  ours  or  a  Target  employee. 
Neither a Target store nor Target store employees 
have  authority  to  change,  add  to,  or  explain  the 
terms  of  this  Agreement,  except  as  expressly 
provided in this Agreement. 

agreement 

between 

oral 

You may at any time pay the unpaid balance of 
the  account  in  whole  or  in  part  without 
incurring 
for 
prepayment.

additional 

charge 

any 

 
 
 
 
 
 
 
 
 
 
 
 
Pricing Information 

Annual Percentage Rate 
(APR) for Purchases 

Your Annual Percentage Rates and corresponding Daily Periodic Rates may vary with changes in the Prime Rate.  

The Annual Percentage Rate (“APR”) and corresponding Daily Periodic Rate (“DPR”) will be determined by adding 
a margin to the Prime Rate. The “Prime Rate” means the highest U.S. Prime Rate published in the “Money Rates” 
section of The Wall Street Journal. For each billing period we look at the Prime Rate on the last business day of the 
previous calendar month. Any change in the APR and corresponding DPR will take effect on the first day of the 
billing period. Your rates may increase when the Prime Rate increases. If the APR and corresponding DPR increase, 
the Minimum Payment Due and the amount of Interest Charges on your Account may also increase.  

The APR for Purchases may vary and is determined by adding to the Prime Rate a margin of 19.65%. Your Purchase 
APR is 22.90% (corresponding to a DPR of 0.06273%).  

How to Avoid Paying 
Interest Charges 

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 

Annual Fee 
Penalty Fees 

If you are charged interest, you will be charged no less than $1.00. 

None 

 Late Payment 

Up to $40 

 Returned Payment 

Up to $29 

How  We  Will  Calculate  Your  Balance:  We  use  a  method  called  “Daily  Balance.”  We  calculate  a  Daily  Balance  for  your  Account.  We  maintain 
separate balances for your Purchase and special promotional Purchase balances (each, a “Balance Type”) and calculate a Daily Balance for each.  To 
determine the Daily Balance for a Balance Type, each day we take the beginning balance for the Balance Type, add any new charges included in that 
Balance Type, and subtract any payments and credits applied to that Balance Type.  We then multiply the resulting balance by the applicable Daily 
Periodic Rate.  The resulting daily Interest Charge is included in the beginning balance of that Balance Type for the next day.  Purchases are included in 
the Daily Balance as of the later of the transaction date or the first day of the billing period in which the Purchase is posted to the Account. Fees are 
included in the Daily Balance of Purchases when posted to the Account. 

TD TC161965 (R04.20)