Target Credit Card® Agreement 

This Agreement explains the terms that you agree to follow 
for your Target Credit Card Account (“Account”). 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.  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 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 
regain possession to terminate 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. 

You  may  only  use  your  Card  to  make  purchases  of 
goods  and  services  (“Purchase(s)”)  at  Target  stores 
located  in  the  United  States  and  from  the  Target.com 
website. 

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) $25.00; 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  $25.00,  the  Minimum  Payment  Due  will  be  the 
entire  New  Balance.  You  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 
institution.  Your  depository 
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 a possible unauthorized use of your 
Card, 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 

in  writing. 

  You  are  not 

If you notify us by telephone, you agree to confirm your 
notification 
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. 

(“APR”) 

The  Annual 
and 
Percentage  Rate 
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 
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. 

in 

  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  Annual  Percentage 
Rate and corresponding Daily Periodic Rate. 

  BALANCE 

PAYING 
COMPUTATION  AND 
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. 

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  the  payment  is  applied  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. 

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  advantage  of 
these terms regarding Interest 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. 

  LATE  PAYMENT  FEE  —  You  will  pay  a  Late 
Payment Fee of $25.00 when any amount due remains 
unpaid after  your Payment Due Date. Any subsequent 
Late Payment Fees will be $35.00 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 $25.00 
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  or  your  credit  history  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)  reduce  your  Credit  Limit  (b) 
terminate 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,  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. 

12.  COMMUNICATIONS  WITH  YOU  —  We  or  our 
agents may call by telephone regarding your  Account. 
You  agree  that  we  may  place  such  calls  using  an 
automatic  dialing/announcing  device.  You  agree  that 
we may make such calls 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. 

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  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, 

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 oral agreement between 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 
expressly provided in this Agreement. 

You  may  at  any  time  pay  the  unpaid  balance  of  the 
account  in  whole  or  in  part  without  incurring  any 
additional charge for prepayment. 

Subtitle  9  of  the  Commercial  Law  Article  of  the 
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.  

14.  CHANGE  OF  PERSONAL  INFORMATION  — 
You agree to tell us right away of any change in your 
name, address or telephone numbers.  

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. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
  
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Annual Percentage Rate 
(APR) for Purchases 

Your Annual Percentage Rates and corresponding Daily Periodic Rates may vary with changes in the Prime Rate.  

Pricing Information 

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%. For your billing period ending this 
month, your Purchase APR is 22.90% (corresponding to a DPR of 0.06273%).  

How to Avoid Paying 
Finance 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. 

Annual Fee 
Penalty Fees 

None 

 

Late Payment 

Up to $35 

  Returned 
Payment 

Up to $25 

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 when posted to the Account.