FR833282333 HARBOR FREIGHT TOOLS CREDIT CARD
PLCC TC PDF WF2121845B
6/20

SYNCHRONY BANK
SECTION I: RATES AND FEES TABLE
HARBOR FREIGHT TOOLS CREDIT CARD ACCOUNT AGREEMENT
PRICING INFORMATION

Interest Rates and Interest Charges

Annual Percentage Rate 
(APR) for Purchases

How to Avoid Paying Interest

The APR for purchases is the prime rate plus 22.74%.

This APR will vary with the market based on the Prime Rate.

Your due date is at least 23 days after the close of each billing cycle. We will not charge 
you any interest if you pay your entire balance by the due date each month. 

Minimum Interest Charge

If you are charged interest, the charge will be no less than $2.00.

Fees

Penalty Fees

• Late Payment

Up to $38.

How We Will Calculate Your Balance: We use a method called “daily balance.” See your credit card account agreement 
below for more details.

SECTION II: RATES, FEES AND PAYMENT INFORMATION
HARBOR FREIGHT TOOLS CREDIT CARD ACCOUNT AGREEMENT

How Interest is Calculated

Your Interest Rate

The APR for purchases is the prime rate plus 22.74%. We use a daily rate to calculate the interest on the balance on your 
account each day. The daily rate for purchases is the APR times 1/365. As of April 1, 2020, the daily rate for purchases was 
.07121% (APR 25.99%). Interest will be imposed in amounts or at rates not in excess of those permitted by applicable law.

Daily Rates May Vary. The APR and the daily rate on your account vary with the market based on the prime rate. The prime 
rate for a billing cycle is the highest bank prime loan rate published in The Wall Street Journal in its Money Rates section on 
the last business day of the calendar month preceding the first day of the billing cycle.

If the prime rate increases, the daily rate and APR will increase. As a result, interest, your total minimum payment and the 
number of payments it would take you to pay off your account balance may increase. We apply any change in rates because 
of a prime rate change to your entire account balance. A change in the prime rate will take effect on the first day of the first 
billing cycle after the change. We may select a new interest rate index if the prime rate is not available.

When We Charge 
Interest 

We  charge  interest  on  your  purchases  from  the  date  you  make  the  purchase  until  you  pay  the  purchase  in  full.  See  
exceptions below.

• We will not charge you interest during a billing cycle on any purchases if:

1. You had no balance at the start of the billing cycle; OR

2. You had a balance at the start of the billing cycle and you paid that balance in full by the due date in that billing cycle.

•  We will credit, as of the start of the billing cycle, any payment you make by the due date that we allocate to purchases if:

1. You had no balance at the start of the previous billing cycle; OR

2.  You had a balance at the start of the previous billing cycle and you paid that balance in full by the due date in the previous  

billing cycle. 

(1)

 
How We Calculate 
Interest

We figure the interest charge on your account separately for each balance type. We do this by applying the daily rate to the daily 
balance for each day in the billing cycle. A separate daily balance is calculated for the following balance types, as applicable: 
purchases and balances subject to different interest rates, plans or special promotions. See below for how this works.

1.  How to get the daily balance: We take the starting balance each day, add any new charges and fees, and subtract any 

payments or credits. This gives us the daily balance. We apply fees to balance types as follows:

a. Late payment fees are treated as new purchases; and

b. Debt cancellation fees are added proportionately to each balance.

2. How to get the daily interest amount: We multiply each daily balance by the daily rate that applies.

3.  How to get the starting balance for the next day: We add the daily interest amount in step 2 to the daily balance from  

step 1.

4.  How to get the interest charge for the billing cycle: We add all the daily interest amounts that were charged during the 

billing cycle.

We charge a minimum of $2.00 of interest in any billing cycle in which you owe interest. This charge is added proportionately 
to each balance type. 

We will charge this fee if we do not receive the total minimum payment due on your account by 5 p.m. (ET) on the due date. 
This fee is equal to:

1. $27, if you have paid your total minimum payment due by the due date in each of the prior six billing cycles.

OR

2.  $38,  if  you  have  failed  to  pay  your  total  minimum  payment  due  by  the  due  date  in  any  one  or  more  of  the  prior  six  

billing cycles.

The late payment fee will not be more than the total minimum payment that was due.

How Fees Work

Late Payment Fee

Minimum Payment Calculation

Your total minimum payment is calculated as follows.

The greater of:

1.  $27, or $38 (which includes any past due amounts) if you have failed to pay the total minimum payment due by the due date in any one or more of the prior six  

billing cycles.

OR

2. The sum of:

a. Any past due amounts; PLUS

b.  1%  of  your  new  balance  shown  on  your  billing  statement  (excluding  any  balance  in  connection  with  a  special  promotional  purchase  with  a  unique 

payment calculation); PLUS

c. Any late payment fees charged in the current billing cycle; PLUS

d. All interest charged in the current billing cycle; PLUS

e. Any payment due in connection with a special promotional purchase with a unique payment calculation. 

We round up to the next highest whole dollar in figuring your total minimum payment. Your total minimum payment will never be more than your new balance.

Special Promotional Financing Offer Information

At  times,  we  may  offer  you  special  financing  promotions  for  certain  transactions  (“special  promotions”).  The  terms  of  this  Agreement  apply  to  any  special 
promotion.  However,  any  special  promotional  terms  that  are  different  than  the  terms  in  this  Agreement  and  any  qualifying  purchase  requirements  will  be 
explained on promotional advertising or other disclosures provided to you. All offers are subject to credit approval. These promotional offers may not be available 
at all times for all purchases. Below is a description of certain special promotions that may be offered.

0%  Interest  Promotions  with  Equal  Monthly  Payments  (equal  pay  financing).  When  you  make  a  qualifying  purchase  under  an  equal  pay  financing 
promotion (an equal pay purchase), no interest will be charged on your equal pay purchase and equal monthly payments are required equal to the total equal 
pay purchase amount divided equally by the number of months in the equal pay period until the equal pay purchase is paid in full. The equal monthly payment 
will be rounded to the next highest whole dollar and may be higher or lower than the minimum payment that would be required if the purchase was not an equal 
pay purchase. For example, if you make a $1,000 purchase that qualifies for a 12 month equal pay financing offer, your required equal monthly payments will 
be $84.

(2)

SECTION III: STANDARD PROVISIONS
HARBOR FREIGHT TOOLS CREDIT CARD ACCOUNT AGREEMENT

ABOUT THE CREDIT CARD ACCOUNT AGREEMENT

This Agreement. This is an Agreement between you and Synchrony Bank, 170 Election Road, Suite 125, Draper, UT 84020, for your credit card account 
shown above. By opening or using your account, you agree to the terms of the entire Agreement. The entire Agreement includes the four sections of this 
document and the application you submitted to us in connection with the account. These documents replace any other agreement relating to your account 
that you or we made earlier or at the same time.

Parties To This Agreement. This Agreement applies to each accountholder approved on the account and each of you is responsible for paying the full 
amount due, no matter which one uses the account. We may treat each of you as one accountholder and may refer to each of you as “you” or “your.” 
Synchrony Bank may be referred to as “we,” “us” or “our.”

Changes To This Agreement. We may change, add or delete terms of this Agreement, including interest rates, fees and charges.

Special Promotions. The terms of this Agreement apply to any special promotion. However, any special promotional terms that are different than the 
terms in this Agreement will be explained on promotional advertising or other disclosures provided to you.

HOW TO USE YOUR ACCOUNT/CARD

Use Of Your Account. You may use your account only for lawful personal, family or household purposes. You may use your account for purchases from 
Harbor Freight Tools locations.

You Promise To Pay. You promise to pay us for all amounts owed to us under this Agreement. 

Your Responsibility. Each accountholder will receive a card. You may not allow anyone else to use your account. If you do, or if you ask us to send a 
card to someone else, you will be responsible for paying for all charges resulting from their transactions. 

Purchase Limits. To prevent fraud, we may limit the number or dollar amount of purchases you can make in any particular amount of time. We also may 
decline any particular charge on your account for any reason.

Credit Limit. You will be assigned a credit limit that we may increase or decrease from time to time. If we approve a purchase that makes you go over your 
credit limit, we do not give up any rights under this Agreement and we do not treat it as an increase in your credit limit.

HOW AND WHEN TO MAKE PAYMENTS

When Payments Are Due. You must pay at least the total minimum payment due on your account by 5 p.m. (ET) on the due date of each billing cycle. 
Payments received after 5 p.m. (ET) will be credited as of the next day. You may at any time pay, in whole or in part, the total unpaid balance without any 
additional charge for prepayment. If you have a balance subject to interest, earlier payment may reduce the amount of interest you will pay. We may delay 
making credit available on your account in the amount of your payment even though we will credit your payment when we receive it.

Payment Options. You can pay by mail or online. We may allow you to make payments over the phone but we will charge you a fee to make expedited 
phone payments. Your payment must be made in U.S. dollars by physical or electronic check, money order or a similar instrument from a bank located in 
the United States.

How To Make A Payment. You must follow the instructions for making payments provided on your billing statement. If you do not, credit of your payment 
may be delayed up to five days. Your billing statement also explains how information on your check is used.

Payment Allocation. We will apply the required total minimum payment to balances on your account using any method we choose. Any payment you 
make in excess of the required total minimum payment will be applied to higher APR balances before lower APR balances. Applicable law may require or 
permit us to apply excess payments in a different manner in certain situations, such as when your account has a certain type of special promotion.

INFORMATION ABOUT YOU 

Using And Sharing Your Information. When you applied for an account, you gave us and Harbor Freight Tools USA, Inc. information about yourself 
that we could share with each other. Harbor Freight Tools USA, Inc. will use the information in connection with the credit program and for things like 
creating and updating its records and offering you special benefits. More information about how we use and share information is set forth in the privacy 
policy for your account. 

Address/Phone Change. You represent that any phone number that you provide to us belongs to you and/or that you are authorized to provide that 
number. You also agree to tell us right away if you change your address or any phone number. 

Consent To Communications. You consent to us, as well as any other owner or servicer of your account, contacting you through any channel of 
communication and for any purpose, as permitted by applicable law. For informational, servicing, fraud, or collection related communications, you agree 
that we may use the phone numbers that you provide to us to contact your cellular phone or wireless device with text messages, artificial or prerecorded 
voice calls, and calls made by an automatic telephone dialing system. Text frequency may vary and may be recurring. This consent applies even if you are 
charged for the call under your plan. You are responsible for any charges that may be billed to you by your communications carrier when we contact you. 
Message and data rates may vary. We and any carrier are not liable for delayed or undelivered messages. If you have questions, please call the number 
on the back of your card.

Telephone Monitoring. For quality control, you allow us to listen to and/or record telephone calls between you and us.

IMPORTANT INFORMATION ABOUT YOUR ACCOUNT 

Closing Your Account. You may close your account at any time by sending a letter to the address shown on your billing statement or calling customer 
service. We may close your account at any time, for any reason. If your account is closed, you must stop using it. You must still pay the full amount you 
owe and this Agreement will remain in effect until you do.

Collection Costs. If we ask an attorney who is not our salaried employee to collect your account, we may charge you our collection costs. These 
include court costs and reasonable attorneys’ fees.

(3)

Credit Bureau Reporting. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults 
on your account may be shown in your credit report. Tell us if you think we reported wrong information about you to a credit bureau. Write to us at  
P.O. Box 965024, Orlando, FL 32896-5024. Tell us what information is wrong and why you think it is wrong. If you have a copy of the credit report that 
includes the wrong information, send us a copy. 

Default. You are in default if you make a late payment, do not follow any other term of this Agreement or become bankrupt or insolvent. If you default 
or upon your death, we may (a) request payment of the full amount due right away, (b) take legal action to collect the amounts owed, and/or (c) take any 
other action allowed. 

Disputed Amounts. The billing rights summary in section IV of this Agreement describes what to do if you think there is a mistake on 
your bill. If you send us correspondence about a disputed amount or payment, you must send it to the address for billing inquiries. We 
do not give up any rights under this Agreement if we accept a payment marked “payment in full” or given with any other conditions  
or limitations.

Unauthorized Use. If your card is lost, stolen or used without your consent, call us immediately at 1-855-341-3108. You will not be liable for unauthorized 
use on your account, but you will be responsible for all use by anyone you give your card to or allow to use your account.

IMPORTANT INFORMATION ABOUT THIS AGREEMENT 

Assignment. We may sell, assign or transfer any or all of our rights or duties under this Agreement or your account, including our rights to payments. 
We  do  not  have  to  give  you  prior  notice  of  such  action.  You  may  not  sell,  assign  or  transfer  any  of  your  rights  or  duties  under  this  Agreement  or   
your account.

Enforceability. If any part of this Agreement is found to be void or unenforceable, all other parts of this Agreement will still apply.

Governing Law. Except as provided in the Resolving a Dispute with Arbitration section, this Agreement and your account are governed by federal law 
and, to the extent state law applies, the laws of Utah without regard to its conflicts of law principles. This Agreement has been accepted by us in Utah.

Waiver. We may give up some of our rights under this Agreement. If we give up any of our rights in one situation, we do not give up the same right in 
another situation.

RESOLVING A DISPUTE WITH ARBITRATION 

PLEASE READ THIS SECTION CAREFULLY. IF YOU DO NOT REJECT IT, THIS SECTION WILL APPLY TO YOUR ACCOUNT, AND MOST 
DISPUTES  BETWEEN  YOU  AND  US  WILL  BE  SUBJECT  TO  INDIVIDUAL  ARBITRATION.  THIS  MEANS  THAT:  (1)  NEITHER  A  COURT 
NOR A JURY WILL RESOLVE ANY SUCH DISPUTE; (2) YOU WILL NOT BE ABLE TO PARTICIPATE IN A CLASS ACTION OR SIMILAR 
PROCEEDING; (3) LESS INFORMATION WILL BE AVAILABLE; AND (4) APPEAL RIGHTS WILL BE LIMITED. 

1. 

2. 

3. 

4. 

5. 

6. 

7. 

8. 

 CLAIMS AND PARTIES. If either you or we make a demand for arbitration, you and we must arbitrate any dispute or claim between you (including 
any other user of your account), and us (including our parents, affiliates, agents, employees, officers, and assignees) that directly or indirectly arises 
from or relates to your account, your account Agreement or our relationship, except as noted below. In addition, Harbor Freight Tools USA, Inc.  
and/or any assignee, agent, or service provider of ours that collects amounts due on your account are intended beneficiaries of this Arbitration 
section and may enforce it in full (notwithstanding any state law to the contrary).

 This Arbitration section broadly covers claims based upon contract, tort, consumer rights, fraud and other intentional torts, negligence, constitution, 
statute, regulation, ordinance, common law and equity and claims for money damages and injunctive or declaratory relief, even if they arose before 
this section took effect. You may not sell, assign or transfer a claim. 

 Examples  of  claims  subject  to  arbitration  are  disputes  about  an  account  transaction,  fees,  charges  or  interest,  the  events  leading  up  to  the 
Agreement  (such  as  any  disclosures,  advertisements,  promotions  or  oral  or  written  statements,  warranties  or  representations  made  by  us),  an 
application for or denial of credit, any product or service provided by us or third parties in connection with the Agreement, credit reporting, benefit 
programs related to your account including any reward program, the collection of amounts due by our assignees, service providers, or agents and 
the manner of collection.

 However, we will not require you to arbitrate any individual case in small claims court or your state’s equivalent court, so long as it remains an 
individual case in that court. Also, even if all parties have opted to litigate a claim in court, you or we may elect arbitration with respect to any claim 
made by a new party or any claim later asserted by a party in any related or unrelated lawsuit, including modifying an individual claim to assert a 
class, representative or multi-party claim. Arbitration may be requested at any time, even where there is a pending lawsuit, unless a trial has begun, 
or a final judgment entered. 

 Only a court will decide disputes about the validity, enforceability, coverage or scope of this Arbitration section or any part thereof. However, any 
dispute that concerns the validity or enforceability of the Agreement as a whole is for the arbitrator to decide.

 NO  CLASS  ACTIONS.  IF  EITHER  YOU  OR  WE  ELECT  TO  ARBITRATE  A  CLAIM,  NEITHER  YOU  NOR  WE  WILL  HAVE  THE  RIGHT  (A)  TO 
PARTICIPATE  IN  A  CLASS  ACTION,  PRIVATE  ATTORNEY  GENERAL  ACTION  OR  OTHER  REPRESENTATIVE  ACTION  IN  COURT  OR  IN 
ARBITRATION, EITHER AS A CLASS REPRESENTATIVE OR CLASS MEMBER, OR (B) TO JOIN OR CONSOLIDATE CLAIMS WITH CLAIMS OF 
ANY OTHER PERSONS EXCEPT ACCOUNTHOLDERS ON YOUR ACCOUNT. THUS, YOU MAY NOT BRING CLAIMS AGAINST US ON BEHALF 
OF ANY ACCOUNTHOLDER WHO IS NOT AN ACCOUNTHOLDER ON YOUR ACCOUNT, AND YOU AGREE THAT ONLY ACCOUNTHOLDERS ON 
YOUR ACCOUNT MAY BE JOINED IN A SINGLE ARBITRATION WITH ANY CLAIM YOU HAVE.

 PROCEDURES.  The  party  who  wants  to  arbitrate  must  notify  the  other  party  in  writing.  This  notice  can  be  given  after  the  beginning 
of  a  lawsuit  or  in  papers  filed  in  the  lawsuit.  Otherwise,  your  notice  must  be  sent  to  Synchrony  Bank,  Legal  Operation,  P.O.  Box  29110,   
Shawnee  Mission,  KS  66201-5320,  ATTN:  ARBITRATION  DEMAND.  The  party  seeking  arbitration  must  select  either  the  American  Arbitration 
Association (AAA), 120 Broadway, Floor 21, New York, NY 10271, www.adr.org, or JAMS, 620 Eighth Avenue, 34th Floor, New York, NY 10018, 
www.jamsadr.com, to administer the arbitration. If neither administrator can handle the dispute, a court with jurisdiction will appoint an arbitrator.

 The arbitration administrator will appoint the arbitrator and will tell the parties what to do next. The arbitrator must be a lawyer with at least ten years 
of legal experience. The arbitrator must apply the same law, consistent with the Federal Arbitration Act (FAA), that would apply to an individual action 
in court, but may use different procedural rules. The arbitrator will apply the same statutes of limitation and privileges that a court would apply if the 
matter were pending in court.

(4)

9. 

 The arbitrator may award any damages or other relief or remedies that would apply under applicable law to an individual action brought in court, 
including, without limitation, punitive damages (governed by the Constitutional standards employed by the courts) and injunctive, equitable and 
declaratory relief (but only in favor of the individual party seeking relief and only to the extent necessary to provide relief warranted by that party’s 
individual claim). The parties will bear the fees and costs of their attorneys, witnesses and experts. However, the arbitrator will have the authority 
to award fees and costs of attorneys, witnesses and experts to the extent permitted by the Agreement, the administrator’s rules or applicable law.

10.   The arbitration will take place by phone or at a location reasonably convenient to you. If you ask, we will pay all the fees the administrator or arbitrator 
charges if you cannot obtain a waiver of fees from the administrator and are acting in good faith. We will always pay arbitration costs required by the 
administrator’s rules or that are necessary for this Arbitration section to be enforced.

11.   GOVERNING LAW. This Arbitration section is governed by the FAA. Utah law shall apply to the extent state law is relevant under the FAA, unless 
otherwise stated herein. The arbitrator’s award will be final and binding, except for any appeal right under the FAA. Any court with jurisdiction may 
enter judgment upon the arbitrator’s award. The arbitration award and any judgment confirming it will apply only to the specific case and cannot be 
used in any other case except to enforce the award.

12.   SURVIVAL. This Arbitration section shall survive the repayment of all amounts owed, the termination, cancellation or suspension of the Agreement 
or your account or credit privileges, any legal proceeding, and any bankruptcy by you, to the extent consistent with applicable bankruptcy law. If 
this Arbitration section conflicts with the applicable arbitration rules or the other provisions of the Agreement, this Arbitration section shall govern. 

13.   SEVERABILITY. If any portion of this Arbitration section is held to be invalid or unenforceable, the remaining portions shall nevertheless remain 
in  force  with  the  following  two  exceptions.  First,  if  a  determination  is  made  that  the  “No  Class  Actions”  provision  is  unenforceable,  and  that 
determination is not reversed on appeal, then this Arbitration section shall be void in its entirety. Second, if a court determines that a public injunctive 
relief  claim  may  proceed  notwithstanding  the  “No  Class  Actions”  provision,  and  that  determination  is  not  reversed  on  appeal,  then  the  public 
injunctive relief claim will be decided by a court, and any individual claims will be arbitrated. The parties will ask the court to stay the public injunctive 
relief claim until the other claims have been finally concluded.

14.   HOW  TO  REJECT  ARBITRATION.  You  may  reject  this  Arbitration  section.  If  you  do  that,  a  court  will  resolve  any  dispute  or  claim.  To  reject 
this  section,  send  us  a  notice  within  45  days  after  you  open  your  account  or  we  first  provided  you  with  your  right  to  reject  this  section.  The 
notice must include your name, address, account number, and personal signature, and must be mailed to Synchrony Bank, P.O. Box 965012,  
Orlando, FL 32896-5012. This is the only way you can reject this section. Rejecting this Arbitration section will not affect any other provision of the 
Agreement. It will also not affect any prior arbitration agreement or dispute resolution provision between you and us, which will remain in full force 
and effect. If you don’t reject this Arbitration section, it will be effective as of the date of the Agreement and will supersede any prior arbitration 
agreement between you and us that would otherwise be applicable.

SECTION IV: OTHER IMPORTANT INFORMATION
HARBOR FREIGHT TOOLS CREDIT CARD ACCOUNT AGREEMENT

This section of the agreement includes state notices, billing rights summary and rewards terms (if applicable) and is not required to be provided as part of the  
credit card agreement posted online or provided to the CFPB.

FR833282333 HARBOR FREIGHT TOOLS CREDIT CARD
PLCC TC PDF WF2121845B
6/20

(5)