ACADEMY BANK, N.A. BUSINESS CREDIT CARD ACCOUNT OPENING DISCLOSURE 

INTEREST RATES AND INTEREST CHARGES 
ANNUAL PERCENTAGE 
RATE1 (APR) for all Purchase 
Transactions  

APR for Balance Transfers1 

APR for Cash Advance1 

Penalty APR  
Paying Interest 

Minimum Interest Charge 
For Credit Card Tips from the Consumer 
Financial Protection Bureau 

10.15%, 15.15%, or 21.24% when you open your account, based on your 
creditworthiness. 
After that, your APR will vary with the market based on the Prime Rate. 
10.15%, 15.15%, or 21.24% 
This APR will vary with the market based on the Prime Rate. 
23.10% 
This APR will vary with the market based on the Prime Rate. 
NONE 
Each due date will be at least 25 days after the close of each billing cycle. We will not 
impose interest charges on purchases or balance transfers if you pay your entire balance 
in full by the due date each month. We will begin charging interest on cash advances on 
the transaction date.  
If you are charged interest, the charge will be no less than $2.00. 
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 

FEES 
Annual Fee 
Transaction Fees 
    Balance Transfer Fee 
    Cash Advance Fee 
    Currency Conversion Fee 
    International Transaction Fee 
Penalty Fees 
    Late Payment Fee 
   Returned Payment Fee 
   Over the Credit Limit Fee 
Other Fees 
  Card Replacement Fee 
  Copying Fee 

  Pin Replacement Fee 
  Research Fee 
  Special Processing Fee 

NONE 

$5.00 or 3% of the amount of each balance transfer, whichever is greater 
NONE 
1.0% of each transaction in U.S. dollars 
  0.8% of each transaction in US dollars, if no currency conversion occurs 

Up to $15.00 
Up to $20.00 
None 

$5.00 per card replaced prior to the normal reissue date 
$4.00 per-page fee for copies of transaction documents or statements, unless we are 
required to provide them when resolving a billing dispute 
$2.00 per request 
$25.00 per hour 
$35.00 per card for expedited processing and delivery, if available and offered. 

How We Will Calculate Your Balance: We use a method called, “average daily balance” (including new purchases and balance 
transfers). See the “Card Agreement” for more details. 
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account 
agreement.  

1 Variable Rate Information: Each variable APR on the Account is calculated by adding together an index and a margin. The applicable margins are shown below. The 
index is the highest U.S. Prime Rate as published in the “Money Rates” section of the Wall Street Journal (WSJ) on the last publication day of each month. The index for the 
WSJ on 03-06-2020 was 4.25%. 

 

 

Standard APR for Purchases and Balance Transfers: 

o  WSJ + a margin of 5.90% 
o  WSJ + a margin of 10.90% 
o  WSJ + a margin of 16.99% 
Standard APR for Cash Advance transactions: 
o  WSJ + a margin of 18.85% 

An increase or decrease in the index will cause a corresponding increase or decrease in the variable APRs on the first day of the billing cycle that begins in the same month 
in which the index is published. An increase in the index means that the Business will pay higher interest charges and have a higher Total Minimum Payment Due. If The 
Wall Street Journal does not publish the U.S. Prime Rate, or if it changes the definition of the U.S. Prime Rate, the Bank may, at its sole discretion, substitute another index. 

Rev 03-13-2020 

 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
ACADEMY BANK N.A. BUSINESS CARD AGREEMENT 

Thank you for opening a card account with us. This Academy Bank, N.A. Business Card Agreement (“Agreement”) and the related documents contain the 
terms that govern our issuance, and your use, of the card. Please read this Agreement and related documents carefully and keep them for future reference. 
Images of any of these documents can be used instead of the original. 
1. 

In General. 
(a)  Some Definitions. The meanings of the terms you see in italics appear in Section 5(d). We will also use the following personal pronouns 

throughout this Agreement: 
(i) 

“Company”, “You,” “your” and “yourself” mean each Company and Company’s employees for the account; any person responsible for 
paying the account; and anyone else you authorize to use, access, or service the account.  
“We,” “us,” “our,” “AB,” and “Academy Bank” mean Academy Bank, National Association, and its agents, authorized representatives, 
successors, and assignees. 

(ii) 

(b)  Account Information.  

(i) 

(ii) 

We need information about you to manage your account. The information we need includes: 
(A)  your legal name; 
(B)  a valid U.S. mailing address and physical address (if different); 
(C)  your employer identification number or other tax reporting number; 
(D)  your telephone number(s); and 
(E)  your income information. 
You must tell us when this information changes. Please update your address in the manner provided on your statement. You may also 
update some of this information by logging onto your account on our website or by calling one of our representatives at the telephone 
number provided on your statement or on the back of the card. We may require you to provide additional documents that are acceptable to 
us to verify this information or any changes. We maintain the right to restrict or close your account if your information cannot be verified 
or if you do not provide additional information as requested. 

(c)  Credit Limits. 

(i) 
(ii) 
(iii) 

On or about the date you received this Agreement, we notified you of your Aggregate credit limit, for the Company  
Company has also assigned individual Employee credit limits “Individual Limits” for each of the Accounts 
You are responsible for keeping track of your account balances and your available credit limit. You agree not to use your card to attempt to 
obtain credit in excess of your credit limit. We may still honor transactions above your credit limit, but our honoring of these transactions will 
not increase your credit limit and is at our sole discretion. 

(iv)  We may also increase, decrease, restrict, or cancel your credit limit at any time, subject to applicable law. This will not affect your obligation 
to pay the indebtedness as required by this Agreement. If we change your credit limit, we will notify you in the manner required by applicable 
law. 

(d)  Acceptance of this Agreement and Changes to this Agreement.  

(i) 

(ii) 

We issued cards to you as identified in the application. All issued cards were sent to you at the address you provided in your application. You 
will be deemed to have accepted and agreed to this Agreement on the day you first use the card to initiate a transaction after you first 
receive the card or upon activation of the card. 
You will be deemed to have accepted changes to this Agreement and the related documents the first time you use the card to initiate a 
transaction after a change is effective. 

2.  Your Account Use Agreements. 

(a)  Using Your Account. 

(i) 

You promise to follow the terms of this Agreement as long as your account remains open or has a balance due. Please sign the card 
immediately when you receive it. The card is valid during the dates provided on the front. 
The card is our property, and you will return it to us or destroy it if we ask. 
You will take reasonable steps to prevent the unauthorized use of the card. 

(ii) 
(iii) 
(iv)  We are not responsible if anyone refuses to accept the card for any reason. Also, we may reject any transaction for any reason. We may 
limit the type, number, or aggregate dollar amount of transactions you are permitted to initiate in a day, week, or billing cycle for security 
reasons. If we impose such limits, you agree that we will not be liable to you if we do not authorize or process transactions in excess of 
those limits. Unless we tell you otherwise, we will bill each transaction to your account and apply it against your available credit limit for each 
billing cycle.  
Unless we agree, you may not use a transfer to transfer amounts from other accounts with us or any of our affiliates.  
You must not use, or try to use, the card for any Internet gambling transactions or transactions that are illegal or not permitted by us. You 
will still be responsible for all indebtedness arising from such transactions if you do, and they will be subject to this Agreement. You might 
have to reimburse the network and us for all damages and expenses. 

(v) 
(vi) 

(vii)  You agree that you will not use your card if we or you have suspended or canceled the card or account; after you have reported the card lost 

or stolen; after you file a petition for bankruptcy; or if you do not honestly expect to be able to pay your indebtedness in full. 

(viii)  From time to time, due to circumstances beyond our control (such as system failures, fires, floods, natural disasters or other 

unpredictable events), our services might be unavailable. When this happens, you might be unable to use the card or obtain information 
about your account. We will not be responsible or liable if this happens. 

(b)  Transactions Made in Foreign Currencies.  

(i) 

(ii) 

A currency conversion transaction fee in the amount set forth in the Disclosure Statement will be assessed on all transactions where the merchant 
country differs from the card issuer’s country. The converted transaction amount will be shown separately from the international transaction 
fee on your statement.  
An international transaction fee in the amount set forth in the Disclosure Statement will be assessed on foreign transactions where a currency 
conversion is not performed.  

1 

 
(c)  No Warranties. Except as otherwise provided in the “Billing Rights Summary” part of your statements (see Section 3(k)(iii), we are not responsible 

for any claim you might have regarding the purchases of goods or services made with the card. 

(d)  Merchant Refunds. If you are entitled to a refund for goods or services purchased with the card, you will accept these refunds as credits to your 
account. We do not control when a merchant sends us your refund. We will also have a reasonable amount of time after we receive your refund to 
process it. 
(e)  Using a PIN. 

(i) 

We may give you a PIN. For security reasons, you might have to provide the PIN before you are able to complete some transactions using 
the card.  

(ii)  With a PIN, you may use the card to obtain cash from certain ATMs or make purchases at certain merchant POSs. You may do these things 

(iii) 

if the ATM or POS requires entry of a PIN and displays the logo of the network on the card.  
You should keep your PIN secure and not write it down, give it to anyone, or keep it with the card. If you lose the card or believe that 
someone has gained unauthorized access to your PIN, you must contact us immediately. 

3.  Your Payment Agreements. 

(a)  Your Promise to Pay. You promise, individually and jointly, to pay us all amounts due on your account. This includes amounts where you did not 
sign a purchase slip or other documents for the transaction. If you use the card number without presenting the physical card (such as for mail, 
telephone or Internet purchases), this will be treated the same way as if you presented the card. If you let someone else use the card, you are 
responsible for all transactions that person makes.  

(c) 

(b)  Making Payments. Your payments must be in U.S. dollars from a U.S. deposit account and otherwise be acceptable to us. We do not accept cash 
payments through the mail. You may not make payments with funds from your account or any other credit account with us or any of our affiliates. 
Interest Charges and Fees. We will charge interest charges and fees to your account as disclosed to you in the Disclosure Statement and your statement, if 
applicable.  
(i) 

Interest Charges. In general, interest charges begin to accrue from the day a transaction occurs. However, we will not assess interest charges on any 
new purchases or balance transfers posted to your account provided you have paid your previous balance in full by its due date. Interest charges will 
begin accruing on the date of the transaction for all cash advances. The back of the statement provides a detailed explanation for calculating your 
interest charges 
Fees. The following fees apply to your account only if they are provided in the Disclosure Statement.  
(A)  Balance Transfer Fee. We will charge this fee each time you request us to transfer a balance from another institution to your card account. 
(B)  Card Replacement Fee. We may charge this fee if we issue a replacement card at your request prior to the card’s normal reissue date. 
(C)  Copying Fee. We may charge a per-page fee for copies of transaction documents or statements unless they are required when resolving a 

(ii) 

billing dispute. 

(D)  Currency Conversion Fee. We will charge this fee under the circumstances described in Section 2(b)(i). 
(E)  International Transaction Fee. We will charge this fee under the circumstances described in Section 2(b)(ii). 
(F)  Late Payment Fee. We will charge this fee if by 15 days after your scheduled payment due date, we have not received your minimum payment. 
(G)  PIN Replacement Fee. We may charge this fee each time a new PIN is generated for you upon your request. 
(H)  Research Fee. We may charge this fee each time you request us to investigate prior history for accounts, unless they are required when 

(I) 

(J) 

resolving a billing dispute initiated in the appropriate time frame requirements. 
    Returned Payment Fee. We may charge this fee each time any payment you make to us is not paid by your financial institution for any 
reason, even if your institution later pays it. 
    Special Processing Fee. We may charge this fee if you request that your account have expedited processing and expedited delivery of 
your card to you. 

(iii)  We will not charge both a late payment fee and a returned payment fee in the same billing cycle. 
(iv)  We may increase your interest charges and fees as described in Section 4(k) or in the related documents. 

(d)  Minimum Payment.  

(i) 

(ii) 

(iii) 

(iv) 

(v) 

(vi) 

Your statement will provide instructions for making payments, including the amounts due and the due date. If applicable, your statement will 
also provide a minimum payment amount. To avoid a late payment fee, your minimum payment must be received by us no later than 15 days 
after your scheduled payment due date. 
The minimum payment for each account is calculated for each monthly billing period and will be $125.00 or 2.5% of the New Balance shown 
on the monthly statement, whichever is greater. 
If any other fees (as fees are described above) have been posted to the account(s), the applicable fees, will be included in the New Balance for 
purposes of calculating the minimum payment. 
If there are any amounts shown as past due on the monthly statement, the minimum payment will include the amount determined by the 
payment due date shown on the monthly statement. 
In addition to the minimum payment, you may pay all or part of the balance on your account. However, you must still pay at least the 
minimum payment amount each month, even if you paid more than the minimum on the previous statement. We will continue to charge 
interest charges during billing cycles when you carry a balance regardless of whether your statement includes a minimum payment. If your account is 
90 days past due, the entire balance is immediately due and payable. 
Payments will be applied in the following order: (A) interest charges; (B) previous cash advances (including transfers); (C) previous purchases; (D) 
current cash advances (including transfers); and finally, to (E) current purchases. 
If Company is sent a consolidated statement, that statement will reflect an aggregate minimum payment for all of the accounts. 

 The index is the highest Prime Rate published in the “Money Rates” column of The Wall Street Journal (“WSJ”). 

(vii) 
Index; Periodic Rate. 
(i) 
(ii)  We may adjust the index monthly using the Prime Rate published in the WSJ on the 25th day of each month, or the day immediately 
preceding those dates on which the WSJ is published if the WSJ does not publish a Prime Rate on the 25th day of a month. The new rate 
will take effect on the first day of the next billing cycle. The WSJ Prime Rate in effect on March 06, 2020 was 4.25%. The APR will be 

(e) 

2 

 
determined  by  adding  the  margin  to  the  value  of  the  index.  Your  APR  may  change  monthly.  Please  refer  to  your  statement  for  more 
information. 

(f)  Variable Rates. How do you calculate variable rates? 

(i) 

We calculate variable rates by adding a margin to the value of the index. Therefore, variable interest rates may change when the value of 
the index changes. If the value of the index changes, your new interest rate (and corresponding APR) will take effect on the next billing cycle.  
(ii)  What are the daily periodic rates used to calculate my interest? We determine your daily periodic rate by dividing the corresponding APR by 
365  and  rounding  to  the  nearest  1/1000  of  1%,  not  to  exceed  the  maximum  allowed  by  applicable  law.  If  the  daily  periodic  rate  and 
corresponding APR increase, the interest charge will increase, and your minimum payment may be more. 

(g) 

Interest charges 

(i) How is the interest charge for purchases and balance transfers applied? Subject to your right to pay the “New Balance” in full by the due date 
without incurring interest charges:  interest charges accrue from the transaction date, the date the transaction is posted to your account, or the first 
calendar day of the billing cycle, as applicable. Interest charges accrue on the unpaid amount until it is paid in full. This means you may owe 
interest charges even if you pay the entire “New Balance” one month but did not do so for the previous month. 
(ii) Interest charges on a cash advance begins from the date you obtained the cash advance, or the first day of the billing cycle in which it is posted 
to your account. There is no grace period. 
(iii) How do you calculate interest charges? We figure the interest charge on your account by applying the periodic rate to the “average daily 
balance” of your account. If you are charged interest, the charge will be no less than $2.00, (the minimum interest charge will appear as 
“Minimum Charge” in the fees section of your statement. 
(h)  Average daily balance calculation for purchases and balance transfers, 

(i) 

Add  any  new purchases  or  balance transfers,  subtract  any  payments,  non-accruing  fees,  and  unpaid  interest  charges.  This  gives  us the  daily 
balance. Then, we add up all of the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. 

(i)  Notice of Unauthorized Use. If the card is lost or stolen, or if you think someone is using the card without your permission, notify us 

immediately, orally and in writing, at: 

Academy Bank, N.A. 
c/o Credit Card Processing 
Post Office Box 26458 
Kansas City, Missouri 64196-6458 
Toll Free: 1.877.712.2265 

You may be liable for the unauthorized use of the card that occurs before you notify us of such use. Your liability will not exceed $50.00 or the 
amount of money, property, labor, or obtained by unauthorized use before you notify us, whichever is less. You will not be liable for 
unauthorized use that occurs after you notify us and we have a reasonable opportunity to act on such notice. In no event shall we be obligated 
to reissue a lost or stolen card. You agree that we may monitor and/or record all telephone communications between you and us. 

(j)  Zero Liability Policy. As a VISA® cardholder, you have certain rights under VISA’s Zero Liability program. For details, see 

http://usa.visa.com/small-business/card-benefits/security/zero-liability  

(k)  Disputed Transactions. 

YOUR BILLING RIGHTS – KEEP THIS NOTICE FOR FUTURE USE 
This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act. 
(i) 

What to Do If You Find a Mistake On Your Statement 
(A)  If you think there is an error on your statement, write to us at: 

Academy Bank, N.A. 
c/o Credit Card Processing 
Post Office Box 26458 
Kansas City, Missouri 64196-6458 

(B)  In your letter, give us the following information: 

(1)  Account Information: Your name and account number. 
(2)  Dollar Amount: The dollar amount of the suspected error. 
(3)  Description of the Problem: If you think there is an error on your statement, describe what you believe is wrong and why you 

believe it is a mistake. 

(C)  You must contact us: 

(1)  Within 60 days after the error appeared on your statement. 
(2)  At least three business days before an automated payment is scheduled, if you want to stop payment on the amount you think is 

wrong. 

(3)  You must notify us of any potential errors in writing. You may call us, but if you do, we are not required to investigate any 

potential errors and you may have to pay us the amount in question. 

(ii)  What Will Happen After We Receive Your Letter 

(A)  When we receive your letter, we must do two things: 

(1)  Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already 

corrected the error. 

(2)  Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the statement is 

correct. 

(B)  While we investigate whether or not there has been an error: 

(1)  We cannot try to collect the amount in question or report you as delinquent on that amount. 
(2)  The charge in question may remain on your statement, and we may continue to assess interest charges on that amount. 

3 

 
 
 
(3)  While you do not have to pay the amount in question, you are responsible for the remainder of your balance. 
(4)  We can apply any unpaid amount against your credit limit. 

(C)  After we finish our investigation, one of two things will happen: 

(1)  If we made a mistake: You will not have to pay the amount in question, or any interest charges or other fees related to that 

amount. 

(2)  If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest charges and 

fees. We will send you written notice of the amount you owe, and the date payment is due. We may then report you as 
delinquent if you do not pay the amount, we think you owe. 

(D)  If you receive our explanation but still believe your statement is wrong, you must write to us within 10 days telling us that you still 
refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your statement. We 
must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the 
matter has been settled between us.  

(E)  If we do not follow the rules above, you do not have to pay the first $50.00 of the amount you question even if your statement is 

correct. 

(iii) 

Your Rights If You Are Dissatisfied With Your Credit Card Purchases 
(A)  If you are dissatisfied with the goods or services that you have purchased with the card, and you have tried in good faith to correct 

the problem with the merchant, you may have the right not to pay the remaining amount due on the purchase. 

(B)  To use this right, all of the following must be true: 

(1)  The purchase must have been made in your home state or within 100 miles of your current mailing address, and the purchase 

price must have been more than $50.00. (Note: Neither of these are necessary if your purchase was based on an advertisement, 
we mailed to you, or if we own the company that sold you the goods or services.) 

(2)  You must have used your card for the purchase. Purchases made with cash advances from an ATM or with a check that accesses 

your account do not qualify. 

(3)  You must not yet have fully paid for the purchase.  

(C)  If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing at:  

Academy Bank, N.A. 
c/o Credit Card Processing 
Post Office Box 26458 
Kansas City, Missouri 64196-6458 

(D)  While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation, we will tell 

you our decision. At that point, if we think you owe an amount and you do not pay, we may report you as delinquent. 

(l)  Other Consequences of a Dispute. If you dispute a transaction made by you or someone else on your account, and we later credit your account for all 

or part of the disputed amount, you give us all of your rights against that other person. In addition, you will: 
(i) 
(ii) 
(iii) 

give us any merchandise or other purchases you received in connection with the disputed amount if we ask; 
not pursue any claim or reimbursement from the merchant and that other person; and 
help us pursue and get reimbursement from the merchant and that other person. 
Your help includes giving us documents that we ask for and that are acceptable to us. 

(m)  Mailed Payments. 

(i) 

(ii) 

You must mail payments to us at the address provided on your statement or as otherwise instructed by us. We will credit each payment to 
your account on the day we receive it if: 
(A)  you send the payment coupon included with your statement in the same envelope with your payment; 
(B)  you include your account number on your payment item; and  
(C)  your payment arrives at the address indicated on the payment coupon by the cutoff time. 
Unless otherwise specified, and except as limited by applicable law, payments that conform to the requirements of Section 3(m)(i) will be 
credited to your account if we receive them by the cutoff time. If we receive any payment after the cutoff time, we will apply it the next business 
day except when a delay does not result in a finance or other charge. If the due date falls on a weekend or holiday, or a day on which we 
do not receive or accept payments, then we will treat any payment received by us at the correct address by the cutoff time on the next 
business day as if we received it by the cutoff time on the due date. We will not impose a separate fee for you to make payments unless the 
applicable payment method involves an expedited (that is same day or next day) delivery service.  

(iii)  We may accept payments that do not conform to the requirements set forth in this Section 3(m)(i), and if we do so, we will apply them 

to your account not later than five days after we receive them. 

4.  Our Account Servicing Agreements. 
(a)  Statements. Monthly Statements.  

(i) 
(ii) 

(iii) 

(iv) 

Your statement will show all transactions billed to your account during the billing cycle along with other important account information 
Statements will be sent at the end of each billing cycle when your account has a debit or credit balance of more than $1.00, or if we have charged 
any interest charges to your account.  
At Company’s option, we will send to the Company a consolidated statement at the end of each billing cycle which will state the determined 
minimum payment(s) due and other information on all of the accounts.  
If  Company  does  not  request  a  consolidated  statement,  each  Employee  will  receive  a  monthly  statement  for  the  account  assigned  to  that 
Employee. 

(b)  Payment Processing. 

(i) 

We may accept and process payments without losing any of our rights. Even if we apply your payment to your account, we may delay the 
availability of credit until we confirm that your payment has cleared. We may resubmit and electronically collect returned payments. We 
may also adjust your account as necessary to correct errors, to process returned and reversed payments, and to handle similar issues. 

4 

 
(ii)  When you provide an item as payment you authorize us either to use information from your item to make a one time electronic fund 

transfer from your deposit account or to process the payment as an item. We will provide additional information about this process on 
your statement or other documents we send you before your payment. You may contact us and ask that we not process your future items 
in this way. 

(iii)  When you provide an item as payment, it might also be converted into an electronic image and collected and returned electronically. 

These electronic images may also be converted to substitute checks. We will not be responsible if an item you provide has physical 
features that when imaged result in it not being processed as you intended. 

(c) 

Items with Restrictive Words, Conditions or Instructions. All items that have restrictive words, conditions, limitations, or special instructions 
added (including items marked with the words “Paid in Full” or similar language) and all accompanying communications must be mailed to and 
received at the address in your most recent statement. If you make your payment or send any accompanying communications to any other 
address, we may accept and process the payment without losing any of our rights. 

(d)  Credit Balances. We may reject and return to you any payment that creates a credit balance on your account. If we allow you to create a credit 

balance, such balance will not be available until we confirm that your payment has cleared. We may reduce the amount of a credit balance by any 
new transactions posted to your account. You may contact us in writing as provided on your statement and request a refund of an available credit 
balance. We will address your credit balance request and inform you of the status within seven business days. 

(e)  Account Default.  

(i) 

(ii) 
(iii) 

(iv) 

We may consider you in default under this Agreement if: 
(A)  Company does not make a payment by its due date; 
(B)  any payment made is rejected, not paid, or cannot be processed; 
(C)  you exceed your credit limit; 
(D)  a bankruptcy or other insolvency proceeding is filed by Company or any guarantor; 
(E)  the death or incapacity of the sole proprietor or partner of any partnership, if the Company is a sole proprietorship or partnership; 
(F)  we determine that you made a false, incomplete, or misleading statement on any of your account documentation, or you otherwise 

tried to defraud us; 

(G)  you do not comply with any term of this Agreement, the related documents, or any other agreement with us; or 
(H)  you permanently reside outside the United States. 
If your account is in default, we may charge the late payment fee set forth in Section 3(c)(i) and the Disclosure Statement.  
Paying the fees charged in connection with a default will not by itself cure the default. In addition, if you are in default, we may take the 
following actions without notifying you, unless we are required to do so by applicable law: 
(A)  close or suspend your account; 
(B)  lower your credit limit; 
(C)  increase your minimum payment; 
(D)  demand that you immediately pay the entire indebtedness (for example, as described in Section 3(d); 
(E)  continue to charge you interest charges and fees as long as any indebtedness remains outstanding; and/or 
(F)  pursue any other action against you that is permitted by applicable law, including the filing of a lawsuit against you.  
You must pay us all of our collection expenses, attorneys’ fees, and court costs, unless applicable law does not allow us to collect these 
amounts. 

(f)  Consumer Disclosures 

(i) 

(ii) 

Company represents that the Cards and the related accounts are to be used for business purposes only and acknowledges that consumer 
protection laws and regulations, including, without limitation, the Truth in Lending Act (Regulation Z) and Regulation E, do not apply to 
this Agreement. Company understands that we may furnish it with printed material utilized by us in connection with consumer credit card 
accounts, which are governed by agreements and the provisions of law different than those applicable to this Agreement. 
Company agrees to be bound by the terms of this Agreement. 

(g)  Communications. 

(i) 

(ii) 

(iii) 

We may contact you from time to time regarding your account. We may contact you in any manner we choose unless prohibited by 
applicable law. For example, we may:  
(A)  contact you by mail, telephone, cellular phone, email, fax, recorded message, text message, or personal visit; 
(B)  contact you at your home and at your place of employment; 
(C)  contact you at any time, including weekends and holidays; 
(D)  contact you with any frequency; 
(E)  leave prerecorded and other messages on your answering machine/service and with others; and 
(F) 
Our contacts with you about your account are not unsolicited and might result from information we obtain from you or others. We may 
monitor or record our conversations or other communication with you. Unless prohibited by applicable law, we may modify or suppress 
caller ID and similar services and identify ourselves on these services in any manner we choose. When you give us, or we obtain, your 
mobile telephone number, we may contact you at this number and can also leave prerecorded and other messages. We may do these 
things whether we contact you or you contact us. 
If you ask us to discuss your account with a person, you must provide us with documents that we ask for and that are acceptable to us. 

identify ourselves, your relationship with us, and our purpose for contacting you even if others might hear or read it. 

(h)  Credit Reports.  

(i) 

We may obtain and use credit and income information about any guarantor or personal owner of the business account from consumer 
(credit) reporting agencies and others as permitted by applicable law. 

(i)  Closing or Suspending Your Account. 

(i) 

You may ask us to close your account by writing us as described on your statement. Your statement will provide additional information about 
this process, and we may also separately provide you with additional details after your request. This might include payment information. 
If you use the card or charges post to your account after you ask us to close it, we may keep it open or re-open it. 

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(ii)  We may close or suspend your account and your right to obtain credit from us. We may do this at any time and for any reason permitted 

(iii) 

by applicable law, even if you are not in default. A suspension of your account might be permanent or temporary. 
If your account is closed or suspended for any reason, you must stop using the card. You must also cancel all billing arrangements that 
access the account. We will not do this for you. If we close or permanently suspend your account, you must also destroy all cards. You must 
still pay the indebtedness in full, even if it includes transactions posted to your account after we close or suspend it. 

(j)  New Offers. In the future, we might make new offers to you or forward offers from others that we think you might be interested in. These 
offers may have new or different terms and documentation for these offers will be provided when we make you the offer. If you accept the 
offer, your previously-disclosed terms will still apply except as modified by the offer. 

(k)  Changes to this Agreement.  

(i) 

(ii) 

At any time, we may add, delete, or change any term of this Agreement unless prohibited by applicable law. We will give you notice of any 
changes as required by applicable law. If we do notify you of changes, we will send you a separate notice or inform you on your statement. 
We may send this notice to you electronically as permitted by applicable law. Our notice will tell you when and how the changes will take 
effect and describe any rights you have in connection with the changes. 
If we increase your interest charges for any other reason, we will notify you in writing. If we increase your fees or other terms of your account, 
we will notify you in writing and inform you of your options in advance, including the right to opt out of some of these changes. 

5.  Miscellaneous. 

(a)  The Law that Applies to this Agreement. 

(i) 
(ii) 

(iii) 

Our headquarters is in Missouri and this Agreement will be interpreted using Missouri law. Federal law will be used when it applies.  
You waive any applicable statute of limitations specified in applicable law. Otherwise, the applicable statute of limitations period for all 
provisions and purposes under this Agreement (including the right to collect debt) will be the period provided by Missouri or the 
jurisdiction where you live, whichever is longer.  
If any part of this Agreement is found to be unenforceable, the remaining parts will remain in effect. 

(b)  Waiver. We will not lose any of our rights if we delay taking any action for any reason or if we do not notify you. For example, we may waive 

your interest charges or fees without notifying you and without losing our right to charge them in the future. We may always enforce our rights later 
and may take other actions not listed in this Agreement if permitted by applicable law. You do not have to receive notice from us of any waiver, 
delay, demand, or dishonor. We may proceed against you before proceeding against any other person. 

(c)  Assignment.  

This Agreement will be binding on, and benefit, any of your and our successors and assigns. 
You may not transfer this account or this Agreement to any person without our written permission. 

(i) 
(ii) 
(iii)  We may transfer your account and this Agreement to any person without your permission and without prior notice to you. They will take 

our place under this Agreement. You must pay them and perform all of your obligations to them and not us. If you pay us after you are 
informed or learn that we have transferred your account or this Agreement, we can handle your payment in any way we think is 
reasonable and permitted by applicable law. This includes returning the payment to you or forwarding the payment to the person to whom 
we transferred your account. 

(d)  Glossary. 
(i) 
(ii) 

Account means the card account we have opened for you in response to your application.  
Affiliates means all financial institutions owned by Dickinson Financial Corporation. As of the publication date of this Agreement, our 
affiliates are: Armed Forces Bank, N.A. 
(A)  all disclosures and materials provided to you before or upon account opening; 
(B)  all other documents and disclosures relating to your account including those provided online; and 
(C)  all privacy notices describing our limitations on sharing information about you with others; 
(D)  all statements; 
(E)  any future documents describing changes we make to any of the above things. 

(iii)  Applicable law means the laws, regulations, court decisions, administrative rulings and the like adopted by, or in effect from time to time 

within, the State of Missouri and the United States of America. 

(vi) 

(iv)  Application means the form you completed to apply for an account and card that contains the information described in Section 1(b). 
(v) 

ATM means an automated terminal machine provided by a financial institution or another person at which cards may be used as access 
devices to obtain cash. 
Billing cycle means a period of time that might vary in length but is approximately 30 days in duration. The specific period of time is 
described on each statement. However, you will have a billing cycle even if we are not required by applicable law to make a statement available 
to you. We will often specify a billing cycle by the month in which its closing date occurs as provided on the statement. For example, a 
“March billing cycle” will have a closing date in March. If we charge off your account balance, we may switch to quarterly billing cycles. 
Business day means any Monday through Friday in which our offices are open for the processing of payments and transactions. 
(vii) 
(viii)  Card means each AB credit card associated with your account and includes all renewals and substitutions of the initial card issued to you.  

(ix) 

Card also means your account number, which you may use to initiate transactions without presenting the card itself. 
Cash advance means using the card to obtain cash or things we consider cash equivalents. Cash equivalents include wire transfers, travelers’ 
checks, money orders, foreign currency, lottery tickets, gaming chips, and wagers.  
Credit limit means the maximum outstanding indebtedness you may incur by use of the card, as disclosed to you in the related documents. 
Cutoff time means 5:00 p.m. CST, Monday through Friday for payments mailed to the address shown on your statement. 

(x) 
(xi) 
(xii)  Disclosure Statement means the document titled “Business Card Account-Opening Disclosure” that you received upon approval of your 

Card. 

(xiii)  Due date means the date shown on each statement by which we must receive at least a minimum payment before a late payment fee is imposed. 
(xiv)  Fees means charges imposed on your account that are not included in the calculation of the Annual Percentage Rate.  
(xv) 

Indebtedness means all amounts you owe us under this Agreement including, without limitation, all transactions charged to, and not 
thereafter reversed from, your account. 

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(xvi) 
(xvii) 

Index has the meaning set forth in the Disclosure Statement.  
Interest charges means any charges to your account based on the application of the Annual Percentage Rate to the account balance as set forth 
in the related documents. 

(xviii)  Item means a check, draft, money order, or other negotiable instrument (including images of these instruments) you use to make 

payments on the indebtedness. 

(xix)  Merchants are sellers of goods and/or services who have agreed with a network to accept cards in payment of the purchase price of the 

goods and/or services they sell. 

(xx)  Minimum payment means the amount so specified in each statement, calculated as set forth in the Disclosure Statement. 
(xxi)  Network means Visa lnc. or any other network provider displayed on the card. 
(xxii)  Person means a human being, a trust, Company, or a legal entity other than you, or us, as the context requires. 
(xxiii)  PIN means the personal identification number we will give you that allows us to authenticate transactions initiated at ATMs or POSs. 
(xxiv)  POS means a point-of-sale device at which cards may be used to (A) pay for purchases, and/or (B) obtain cash. 
(xxv)  Purchases means those transactions in which you acquire goods and services from merchants from time to time by using the card. 
(xxvi)  Related documents means the following documents: 

(A)  the correspondence we send you confirming that your application has been approved; 
(B)  the Disclosure Statement; 
(C)  the most-current version of the card benefits brochure, which describes benefits provided by the network for the card and your 

account.  

(xxvii)  Statement means a document or information we make available to you showing account information including, among other things: 

(A)  Transactions made to your account during a billing cycle. 
(B)  The minimum payment. 
(C)  Other information required by applicable law. 
(xxviii) Transaction means each transfer, purchase, and cash advance. 
(xxix)  Transfers means balances transferred from other accounts to the account. 

© Academy Bank, N.A. 
All rights reserved. 
Published as of 03-13-2020 

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