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STATE FARM BANK® 
CREDIT CARD AGREEMENT AND 
DISCLOSURE STATEMENT
This document and the table of Account-Opening Disclosures and other 
information printed on the card carrier that accompanies this document 
make  up  your  credit  card  agreement  with  State  Farm  Bank.  They  are 
referred to together throughout this document as the Agreement. They 
contain  important  terms  and  disclosures  regarding  your  credit  card 
account. Please read them carefully and keep them for future reference. 
You  will  be  bound  by  the  terms  of  the  Agreement  unless  you  cancel 
your  account  within  30  days  after  you  receive  your  credit  card  and 
before  you  or  someone  you  have  authorized  uses  your  credit  card  or 
credit card account.

The Parties to this Agreement
In  this  Credit  Card  Agreement  and  Account  Disclosures  (this 
“Agreement”),  the  words  “you”  and  “your”  refer  to  each  person  who 
requests  that  we  establish  a  credit  card  account  (the  “Account”)  and 
issue a Visa® credit card (a “Card”) to that person or for use by another 
person.  If  two  or  more  persons  request  that  we  issue  credit  cards  on 
the  same  card  Account,  the  words  “you”  and  “your”  mean  each  and 
either  of  those  persons,  individually,  and  also  all  of  those  persons, 
jointly  and  severally.  The  words  “we”,  “us”,  “our”  and  “State  Farm 
Bank”  mean  State  Farm  Bank,  F.S.B.,  a  federal  savings  bank  located 
in Bloomington, Illinois. Definitions of additional terms are contained in 
other paragraphs of this Agreement.

Your Acceptance of the Terms of this Agreement
If you apply for a Card from us, or use a Card we issue to you, or use 
the  account  number  associated  with  the  Card,  or  if  another  person 
uses  the  Card  or  account  number  with  your  authorization,  you  will  be 
deemed to have accepted and agreed to all of the terms and conditions 
of this Agreement.
If  you  do  not  wish  to  be  bound  by  the  terms  and  conditions  of  this 
Agreement, do not use the Card or authorize another person to use it. 
Instead, cut all of the Cards in two and return them to us within 30 days 
after you receive them.

How to Use Your Card
Subject  to  the  terms  of  this  Agreement,  we  will  make  loans  to  you  at 
our  offices  in  Bloomington,  Illinois  when  you  use  your  Card  (which 
term  as  used  in  this  Agreement  includes  use  of  the  account  number 
associated with your Card) as follows:
(a)  Purchases.  You  may  use  your  Card  to  purchase  or  lease  goods 
or  services  (“Purchases”)  from  merchants  who  honor  Visa  credit 
cards. Quasi-cash transactions, described below, are deemed to be 
Cash Advances and not Purchases.

(b) Cash Advances.

(1) You  may  use  your  Card  to  obtain  a  Cash  Advance  at  most 

banks that display the Visa logo.

(2) You  may  use  your  Card,  in  conjunction  with  the  personal 
identification  number  (“PIN”)  we  will  issue  to  you,  to  obtain  a 
Cash Advance at automated teller machines (“ATMs”) that bear 
the Plus® logo. The operator of the ATM may add a surcharge 
to  the  amount  of  the  Cash  Advance  you  request.  If  so,  the 
surcharge  will  be  part  of  the  Cash  Advance  charged  to  your 
Account.

(3) You  may  use  your  Card  to  establish  overdraft  protection  on  a 
checking account if permitted by your financial institution. You 
obtain  a  Cash  Advance  each  time  your  Card  is  used  to  fund 
such an overdraft.

(4) We may send you blank forms of convenience checks or cash 
advance  checks  (“Convenience  Checks”  or  “Checks”)  from 
time to time. If we do, you may use a Check to obtain a Cash 
Advance  by  signing  and  completing  the  Check  in  accordance 
with  the  terms  on  the  Check  and  any  written  materials  that 
accompany it. You obtain a Cash Advance each time you use a 
Check and we pay it when it is presented to us, including when 
you use a Check to purchase or lease goods or services.

(5) You  may  obtain  a  Cash  Advance  when  you  use  your  Card 
for  items  that  are  convertible  to  cash  or  similar  cash-like 
transactions that we may designate from time to time, including 
wire  transfer  money  orders,  other  money  orders,  travelers 
checks, or foreign currency or tax payments (so-called “quasi-
cash”  transactions).  However,  your  Card  may  not  be  used  to 
obtain, and we will not honor requests for, a Cash Advance in 
the form of casino chips, bets or wagers, gaming transactions 
(including Internet gambling), lottery tickets or the like.

(6) Certain  establishments  may  cash  your  personal  checks  upon 
presentment  of  your  Card.  In  the  event  we  are  required  to 
pay  the  amount  of  a  check  cashed  in  this  manner  because 
your  check  is  not  paid  for  any  reason,  we  may  charge  your 
Account  for  a  Cash  Advance  in  the  amount  of  the  check  and 
any processing charge we incur.

(c) Balance  Transfers.  You  may  use  your  Account  to  transfer 
balances from other accounts to your Account with us (a “Balance 
Transfer”).  You  may  request  a  balance  transfer  by  completing  the 
balance transfer portion of the credit application, by completing and 
returning to us one of the balance transfer requests forms we may 
send you from time to time, by writing a Balance Transfer check we 
may send you or by writing or telephoning us. When you request a 
balance transfer, we will write our check or transfer funds to your 
other  creditor.  The  amount  of  our  check  or  funds  transfer  will  be 
the amount of your Balance Transfer. Balance Transfers are treated 
as Purchases rather than Cash Advances for most purposes under 
this Agreement. However, interest charges may begin to accrue as 
of  the  date  a  balance  transfer  is  posted  to  your  Account.  Balance 
Transfer  transactions  will  not  be  processed  if  made  payable  to 
cash,  to  you,  to  any  individual,  to  a  deposit  account,  or  to  a 
State  Farm  Bank  credit  card  account.  If  such  a  Balance  Transfer 
is  processed,  State  Farm  Bank  reserves  the  right  to  convert  the 
transaction to a Cash Advance.

Credit Access Line
We  will  establish  a  credit  access  line  for  your  Account  from  time  to 
time. Your initial credit access line is shown on the card carrier. Your 
current credit access line will be shown on each monthly statement of 
your Account. The total amount of credit outstanding on your Account 
at  any  time  must  not  be  more  than  your  then  current  credit  access 
line.  We  may  also  establish  at  any  time  a  separate  credit  limit  (as  a 
sub-limit  within  the  overall  credit  access  line  for  your  Account)  for 
Cash Advances. If we do, your outstanding Cash Advances balance of 
your  Account  must  not  exceed  the  Cash  Advances  credit  limit  at  any 
time. We may set similar separate sub-limits for other portions of your 
Account balance. We may change your credit access line or sub-limits 
from time to time. We will attempt to notify you if we do, but the change 
may be effective before you receive notice.

Exceeding Your Credit Access Line
If you request credit in any form which, if granted, would cause either 
your total outstanding balance or your Cash Advances balance or other 
applicable  sub-limit  (including,  in  either  case,  transactions  authorized 
but  not  yet  posted  to  your  Account)  to  exceed  your  credit  access 
line, your Cash Advances credit limit, or any other credit sub-limit we 
establish for your Account, whether or not those balances were more 
than  the  respective  credit  access  line  or  credit  sub-limits  before  the 
request, we may, refuse to honor the request or in our sole discretion, 
we may honor the request and extend the credit. If we extend the credit, 
you  will  not  be  charged  an  over-the-credit  access  line  fee,  and  you 
agree  to  repay  the  credit  and  the  interest  and  other  charges  on  it  as 
part  of  the  balance  of  your  Account  in  accordance  with  the  terms  of 
this  Agreement.  We  may  extend  credit  that  exceeds  the  credit  access 
line and any credit sub-limit applicable to your Account on one or more 
occasions without waiving our rights. If we previously honored requests 
for credit in excess of your credit access line, that does not mean we 
will  or  must  honor  further  over-the-credit  access  line  requests.  If  we 
refuse  to  honor  a  Check  or  Balance  Transfer  request,  we  may  advise 
the  person  presenting  the  Check  or  Balance  Transfer  that  credit  has 
been  refused  or  that  there  are  insufficient  funds  to  pay  the  Check  or 
Balance Transfer.

INTEREST CHARGES
When Interest Begins to Accrue:
(a)  Interest on Purchases. Except as provided in paragraph (b) below, 
interest on each Purchase (including a Balance Transfer) will accrue 
daily  from  and  including  the  transaction  date  until  the  date  each 
Purchase is completely repaid according to the payment allocation 
method then in effect. If the transaction date was in an earlier billing 
cycle than the posting date, interest will accrue from and including 
the first day of the billing cycle in which the transaction was posted.
(b) How to Avoid Paying Interest on Purchases. You can avoid paying 
interest on Purchase (other than Balance Transfers) posted to your 
Account  if  you  pay  the  entire  New  Balance  of  your  Account  each 
month not later than the Payment Due Date shown on your Account 
statement. If any portion of the balance of your Account is subject 
to  an  introductory  or  promotional  rate,  to  avoid  paying  interest  on 
Purchases  (other  than  Balance  Transfers)  posted  to  your  Account 
during  the  billing  cycle  you  must  pay  the  entire  New  Balance 
(including any part of the balance that is subject to the introductory 
or  promotional  rate)  shown  on  the  statement  of  your  Account  for 
that billing cycle by the Payment Due Date shown on the statement. 
If  you  fail  to  pay  the  entire  New  Balance  of  your  Account  before 
the  Payment  Due  Date  in  any  month,  you  can  again  avoid  paying 
interest on Purchase (other than Balance Transfers) in the manner 
described above after you have paid the entire New Balance of your 
Account by the Payment Due Date for two consecutive months.
(c)  Interest  on  Cash  Advances.  Interest  on  each  Cash  Advance  will 
accrue  daily  from  and  including  the  transaction  date  until  the  date 
each Cash Advance is completely repaid according to the payment 
allocation  method  then  in  effect.  The  transaction  date  for  Cash 
Advances obtained by a Check is the date we process the Check.
(d) Interest  that  Accrues  Prior  to  Payment  in  Full.  Interest  accrues 
on  the  unpaid  balance  of  your  Account  as  described  above  until 
the date the balance is paid in full, except to the extent paragraph 
(b) above applies to Purchases posted to your Account. If you pay 
the  entire  New  Balance  shown  on  the  monthly  statement  of  your 
Account  by  the  Payment  Due  Date,  you  will  receive  a  statement 
the following month for interest that accrued from the closing date 
of the previous billing cycle until the date your payment in full was 
posted to your Account, even if no new transactions are posted to 
your Account after the closing date of the previous billing cycle. To 
minimize  the  amount  of  this  interest,  pay  the  New  Balance  in  full 
immediately upon receipt of your monthly statement.

Periodic Rates and Annual Percentage Rates of the Interest Charge: 
The periodic rates we use to compute interest on your Account and the 
corresponding annual percentage rates are described below:
(a)  Rate of Interest Charge on Purchases. The daily periodic rate we 
use  to  compute  the  interest  on  all  Purchases  balances  (including 
Balance Transfers) is a variable rate which is the sum of the Prime 
Rate  plus  a  margin  expressed  as  a  percentage,  divided  by  365, 

except  as  otherwise  provided  below  for  certain  introductory  rates 
and certain promotional rates. 
(1) Introductory  Rate.  The  daily  periodic  rate  we  use  to  compute 
interest  on  all  Purchases  or  Balance  Transfer  offers  is  the 
introductory rate shown on the card carrier. The corresponding 
annual  percentage  rate  is  shown  on  the  Account-Opening 
Disclosures on the card carrier. If you abide by the terms of this 
Agreement, the introductory rate will apply for the period of time 
shown  on  the  card  carrier  and  at  the  end  of  the  introductory 
rate  period  the  Preferred  Pricing  rate  for  Purchases  will  apply 
to  the  remaining  introductory  Purchase  or  Balance  Transfer 
balances  on  your  Account.  If  there  is  no  space  for  disclosure 
of an introductory rate on the card carrier or if a space for an 
introductory rate is shown on the card carrier and is completed 
with  “N/A”  or  is  blank,  an  introductory  rate  does  not  apply  on 
your Account.

(2) Preferred  Pricing.  The  Preferred  Pricing  daily  periodic  rate 
we  use  to  compute  interest  on  Purchases  (including  Balance 
Transfers  other  than  Balance  Transfers  that  are  subject  to  any 
applicable introductory rate) is a variable rate equal to the sum 
of  the  Prime  Rate  plus  the  margin  shown  on  the  card  carrier 
divided by 365. The current Preferred Pricing daily periodic rate 
of interest on Purchases (including Balance Transfers) is shown 
on  your  card  carrier  and  the  corresponding  annual  percentage 
rate of interest is shown in the Account-Opening Disclosures on 
the card carrier. 

(3) Promotional Rates. From time to time we may offer you certain 
promotional  interest  rates  for  certain  types  of  transactions 
or  certain  parts  of  your  Account  balance.  If  you  qualify  for 
and  accept  the  offer,  the  daily  periodic  interest  rate  of  the 
promotional  rate  and  the  corresponding  annual  percentage 
rate will apply to the balance or portion of the balance of your 
Account  in  accordance  with  the  terms  of  the  promotional 
rate  offer.  At  the  end  of  the  promotional  rate  period,  Preferred 
Pricing for Purchases will apply to your Account.

(b) Rates  of  Interest  on  Cash  Advances.  The  daily  periodic  rate  we 
use to compute the interest on all Cash Advances is a variable rate 
which is the sum of the Prime Rate plus a margin expressed as a 
percentage, divided by 365. 
(1) Preferred  Pricing.  The  daily  periodic  rate  we  use  to  compute 
the interest on Cash Advances balances is a variable rate equal 
to  the  sum  of  the  Prime  Rate  plus  the  margin  shown  on  the 
card carrier divided by 365. The current Preferred Pricing daily 
periodic rate of interest on Cash Advances is shown on the card 
carrier, and the corresponding annual percentage rate of interest 
is  shown  in  the  Account-Opening  Disclosures  on  the  card 
carrier. 

(c)  Variable  Rates  of  the  Interest.  The  Interest  rates  under 
subparagraphs  (a)  and  (b)  above,  other  than  any  applicable 
introductory  rate  on  balance  transfers  or  Purchases  are  variable 
rates based on the Prime Rate published in the “Money Rates” table 
in The Wall Street Journal. The interest rates and the corresponding 
annual  percentage  rates  of  interest  charged  under  this  Agreement 
may increase if the Prime Rate increases. The effect of an increase 
in  the  Prime  Rate  will  be  an  increase  in  the  amount  of  the  Total 
Minimum  Payment  Due  under  this  Agreement.  We  will  calculate 
the  interest  rates  applicable  to  your  Account  every  month  based 
on  the  Prime  Rate  published  in  the  “Money  Rates”  table  in  The 
Wall  Street  Journal  two  days  prior  to  your  statement  closing  date 
for  the  billing  cycle.  If  two  or  more  Prime  Rates  are  published 
on  that  day,  the  highest  of  those  rates  will  be  used  to  calculate 
the  rates  of  the  interest  under  this  Agreement.  If  two  days  prior 
to  your  statement  closing  date  is  a  day  on  which  The  Wall  Street 
Journal  was  not  published,  the  previous  business  day  on  which 
The  Wall  Street  Journal  was  published  will  be  used.  If  The  Wall 
Street Journal ceases publication, or no longer publishes the prime 
rate, or changes the manner by which its prime rate is determined, 
we  may  select  another  comparable  index  of  short-term  interest 
rates  to  be  the  “Prime  Rate”  under  this  Agreement.  The  new 
annual  percentage  rates,  and  the  new  daily  periodic  interest  rates 
calculated by dividing the new annual percentage rates by 365, will 
apply  to  your  Account  beginning  as  of  the  first  day  of  the  billing 
cycle  of  your  Account  during  which  the  new  annual  percentage 
rates  and  the  corresponding  daily  periodic  rates  were  calculated, 
and will continue to apply until new annual percentage rates and the 
corresponding daily periodic rates are calculated and have become 
effective  in  the  manner  described  in  this  paragraph.  The  new 
annual  percentage  rates  and  the  corresponding  new  daily  periodic 
interest  rates  will  apply  retroactively  to  the  first  day  of  the  billing 
cycle,  and  transactions  that  occurred  during  the  billing  cycle  both 
prior  to  and  after  the  date  the  new  annual  percentage  rates  were 
calculated  will  be  subject  to  the  new  annual  percentage  rates  and 
the  corresponding  new  daily  periodic  interest  rates  for  the  entire 
billing cycle. 

Calculating  the  Balances  to  which  the  Periodic  Interest  Rates 
Are  Applied:  We  calculate  an  “average  daily  balance”  separately  for 
Purchases (including Balance Transfer, but excluding any introductory 
period  Balance  Transfers),  Cash  Advances,  any  introductory  period 
Balance  Transfers  then  in  effect,  and  any  special  rate  offers  then  in 
effect. To get the “average daily balance” of your Account we take the 
beginning balance of your Account each day for each of these types of 
transactions, add any new Purchases (including Balance Transfers, but 
excluding  any  introductory  period  Balance  Transfers  and  introductory 
period  Purchases),  Cash  Advances,  introductory  period  Balance 
Transfers  and  other  special  rate  offers  (as  applicable),  and  subtract 
any payments and other credits applied to that type of transaction under 
the  payment  allocation  method  then  in  effect.  This  gives  us  the  daily 
balance  for  each  of  these  types  of  transactions.  (Credit  balances  are 
treated as zero for purposes of calculating the daily balances.) Then, we 
add all of the daily balances for the billing cycle for each of these types 
of transactions and divide the respective totals by the number of days 
in the billing cycle. This gives us the “average daily balance” for your 
Account for each of these types of transactions.

Calculating  Interest  and  Other  Finance  Charges;  Minimum  Interest 
Charge:  We  figure  the  interest  on  Purchases  (including  Balance 
Transfers) and Cash Advances charged to your Account by multiplying 
each of the “average daily balances” of your Account by the applicable 
daily  periodic  rate  of  interest  and  then  by  the  number  of  days  in  the 
billing  cycle,  and  by  adding  the  resulting  products  together.  We  then 
add  any  transaction  fee  finance  charges,  each  calculated  as  provided 
below. If the amount of finance charge calculated as described above is 
more than zero but less than $1.50, a minimum monthly finance charge 
of  $1.50  will  be  charged  to  your  Account.  We  may,  at  our  election, 
waive the finance charge on small Account balances.

Finance Charges
(a)  Cash Advance Fee: If you use your Card or a Check (Convenience 
Check)  to  obtain  a  Cash  Advance,  we  will  charge  your  Account 
a  Cash  Advance  fee  equal  to  4%  of  the  U.S.  dollar  amount  of  the 
Cash  Advance,  subject  to  a  minimum  fee  of  $10  for  each  Cash 
Advance.

(b) Balance  Transfer  Fee:  If  you  make  a  Balance  Transfer  to  your 
Account, we will charge your Account a Balance Transfer fee equal 
to 3% of the U.S. dollar amount of the Balance Transfer transaction, 
subject to a minimum fee of $10 and a maximum fee of $250 for 
each Balance Transfer.

(c)  International  Transaction  Fee:  If  you  use  your  Card  to  make 
an  international  transaction,  we  will  charge  your  Account  an 
International Transaction fee equal to 3% of the U.S. dollar amount 
of  the  transaction.  An  international  transaction  is  defined  as  any 
transaction that was acquired in any country other than the United 
States.

Penalty Charges
The following fees will be charged to your Account as a Purchase in the 
billing cycle in which the event occurs:
(a)  a  Late  Payment  Fee  if  we  do  not  receive  payment  in  an  amount 
at  least  equal  to  the  Total  Minimum  Payment  Due  shown  on  the 
monthly  statement  of  your  Account  by  the  Payment  Due  Date 
shown on the statement. The amount of the Late Payment Fee will 
be:
(i)  an  amount  equal  to  your  Total  Minimum  Payment  Due  if  your 

Total Minimum Payment Due is less than $27; or

(ii)  $27 if your Total Minimum Payment Due is $27 or more.

(b) a  Returned  Payment  Fee  if  a  check  or  draft  you  send  us  as  a 
payment  on  your  Account  is  returned  for  insufficient  funds  or  for 
any other reason. The amount of the Returned Payment Fee will be:
(i)  an  amount  equal  to  your  Total  Minimum  Payment  Due  if  your 

Total Minimum Payment Due is less than $27; or

(ii)  $27 if your Total Minimum Payment Due is $27 or more.

(c)  a Returned Check Fee if we return a Check unpaid for any reason. 

The amount of the Returned Check Fee will be:
(i)  an  amount  equal  to  your  Total  Minimum  Payment  Due  if  your 

Total Minimum Payment Due is less than $27; or

(ii)  $27 if your Total Minimum Payment Due is $27 or more.

However, the amount of the Late Payment Fee, Returned Payment Fee, 
and Returned Check Fee will be $38 if you also incurred the same fee 
on your Account within the immediately preceding six billing cycles of 
your Account.

Other Charges
The following fees will be charged to your Account as a Purchase in the 
billing cycle in which the event occurs:
(a)  a monthly fee as disclosed in the State Farm Bank Credit Protection 
Program Terms and Conditions if you have elected to purchase an 
optional plan;

(b) a  Statement  Reprint  Fee  of  $5  for  each  copy  of  a  monthly 

statement;

(c)  a  $15  per  hour  (with  a  $10  minimum)  Account  Research  Fee 
for  account  research  incurred  in  servicing  your  account  at  your 
request; and

(d) Unless  prohibited  by  applicable  law,  the  amount  of  any  costs  we 
incur  in  complying  with  state  abandoned  or  unclaimed  property 
laws with regard to your Account.

Repayment; Total Minimum Payment Due Each Month
You promise to pay us the amounts of all credit you obtain through the 
use of your Card (including all Purchases, Balance Transfers and Cash 
Advances),  all  transaction  fees  and  other  charges  we  assess  against 
your Account and all interest and other finance charges as provided in 
this Agreement. You agree to make your payments in the amounts and 
at the times provided in this Agreement. Time is of the essence. We will 
provide a statement of your Account at approximately monthly intervals 
if there has been activity on your Account, a finance charge is assessed 
during  the  preceding  month,  or  there  is  a  balance  (credit  or  debit) 
in  your  Account  exceeding  $1,  unless  we  deem  your  Account  to  be 
uncollectible,  or  we  have  instituted  delinquency  collection  procedures, 
or  we  have  charged  off  the  Account,  or  furnishing  the  statement 

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would  violate  federal  law.  You  may  pay  any  amount  up  to  the  entire 
unpaid balance (the “New Balance”) of your Account at any time. You 
agree  to  pay  each  month  at  least  the  amount  of  the  Total  Minimum 
Payment  Due  shown  on  your  monthly  statement  by  the  Payment  Due 
date  shown  on  the  statement.  The  monthly  Minimum  Payment  Due 
is  1%  of  the  New  Balance  (less  interest  charges,  Late  Fees,  and  any 
other  amount  exceeding  your  credit  access  line  and  then  rounded  to 
the  nearest  $5.00)  +  Interest  Charges  +  Late  Fees  +  any  Past  Due 
Amounts + any amount by which your Account balance exceeds your 
credit  access  line  if  the  exceeded  amount  was  due  to  transactions 
posted  in  the  current  cycle,  or  $25,  whichever  is  the  greater  (or  your 
entire  New  Balance  if  less  than  $25).  The  Payment  Due  Date  will  be 
at  least  24  days  after  the  Closing  Date.  If  you  overpay,  or  if  a  credit 
balance is otherwise created in your Account, we will not pay interest 
on  that  amount.  Your  payments  are  not  deemed  to  be  received  until 
they  are  posted  to  your  Account.  See  the  monthly  statement  of  your 
Account for details on timely posting of payments. Mail your payment, 
accompanied  by  the  payment  remittance  stub,  using  the  envelope 
enclosed  with  your  monthly  statement  or  to  the  payment  address 
provided  on  the  monthly  statement.  Or  make  your  payment  online  by 
going to statefarm.com.
The crediting of payments sent to any location other than the payment 
address or received in any other manner may be delayed. Do not send 
correspondence of any type to the payment address. When you provide 
a  check  as  payment,  you  authorize  us  either  to  use  information  from 
your  check  to  make  a  one-time  electronic  fund  transfer  from  your 
Account or to process the payment as a check transaction. When we 
use  information  from  your  check  to  make  an  electronic  fund  transfer, 
the  funds  may  be  withdrawn  from  your  account  on  which  the  check 
is drawn as soon as the same day we receive your payment and you 
will  not  receive  your  check  back  from  your  financial  institution.  For 
inquiries about your account, please call us toll-free at 1-877-SF4-VISA 
(1-877-734-8472)  or  write  us  at  P.O.  Box  87,  Deposit,  New  York 
13754-0087.
Your  payments  will  be  allocated  among  the  charges  on  your  Account 
in  any  manner  we  determine  that  is  consistent  with  the  requirements 
of applicable law, without regard to any contrary instructions from you 
If different annual percentage rates apply to different balances of your 
Account, we will allocate any amount you pay in excess of the required 
Total Minimum Payment Due first to the balance with the highest annual 
percentage  rate  and  any  remaining  portion  to  the  other  balances  in 
descending  order  based  on  the  applicable  annual  percentage  rate  in 
a  manner  that  complies  with  applicable  regulations  and  regulatory 
guidance. Even though your payment may be credited to your Account 
in  the  billing  cycle  in  which  the  payment  is  received,  your  available 
credit  may  not  be  increased  by  the  amount  of  the  payment  until  your 
payment has cleared.
If  you  pay  more  than  the  Total  Minimum  Payment  Due  you  will  not 
thereby prepay or postpone the due date of payments in the following 
months  and  you  will  continue  to  be  obligated  to  make  the  Total 
Minimum  Payment  Due  amount  (if  any)  shown  on  your  monthly 
statements in succeeding months.
Payments must be made in U.S. dollars, and we may refuse to accept 
checks not denominated in U.S. dollars. You agree not to use a State 
Farm Bank Balance Transfer, Convenience Check, or the proceeds of a 
Cash Advance to make any payment on your Account.

Our Right to Require Immediate Payment
Subject  to  our  giving  any  notice  required  by  law  and  to  any  other 
limitations imposed by law, you will be in default and, at our election, 
we  can  require  you;  to  pay  immediately  all  amounts  you  owe  us 
under  this  Agreement  without  notice  or  demand  if  (1)  you  fail  to  pay 
any  amount  you  owe  under  this  Agreement  exactly  when  due;  or  (2) 
your  Account  balance  exceeds  your  credit  access  line,  or  if  we  have 
established a separate Cash Advances credit limit or other credit sub-
limit for your Account, your Cash Advances balance exceeds your Cash 
Advances credit limit or you exceed any other credit sub-limit of your 
Account; or (3) you fail to abide by any other term of this Agreement; 
or  (4)  your  ability  to  pay  us  is  materially  impaired  (including,  without 
limitation,  if  you  file  or  have  filed  against  you  as  debtor  a  proceeding 
under any chapter of the Bankruptcy Code); or (5) you die or become 
incapacitated; or (6) you are in default on any other credit account or 
loan you have with us.

Collection Costs
If  you  are  in  default,  unless  prohibited  by  applicable  law,  you  agree 
to  pay  us  or  reimburse  us  for  all  costs  and  disbursements,  including 
reasonable  attorney’s  fees,  we  pay  or  incur  in  legal  proceedings 
(including  bankruptcy  proceedings)  to  collect  or  enforce  the  debt  you 
owe under this Agreement.

Transactions Made in Foreign Currencies
If a transaction is made in a foreign currency, we and Visa International 
will  convert  the  transaction  into  a  U.S.  dollar  amount.  Visa  will  act  in 
accordance  with  their  operating  regulations  or  conversion  procedures 
in  effect  at  the  time  the  transaction  is  processed  and  may  use  (i)  a 
rate  selected  by  Visa  from  the  range  of  rates  available  in  wholesale 
currency  markets  for  the  applicable  central  processing  date,  which 
rate may vary from the rate Visa itself receives, or (ii) the government-
mandated  rate  in  effect  for  the  applicable  central  processing  date,  in 
each  instance  plus  or  minus  any  adjustment  determined  by  Visa  or 
us.  The  currency  conversion  rate  calculated  in  this  matter  that  is  in 
effect on the processing date may differ from the rate in effect on the 
transaction  date  or  the  posting  date.  When  any  transaction  must  be 
converted  back  into  a  foreign  currency  because  of  a  refund  or  other 
reversed transaction, the same currency conversion formula will apply.

Billing Cycles of Your Account
Each billing cycle of your Account begins on the day after the closing 
date  shown  on  the  preceding  monthly  statement  of  your  Account  and 
ends  on  the  closing  date  shown  on  the  monthly  statement  of  your 
Account for the current month. A billing cycle occurs even if you do not 
receive a monthly statement of your Account as otherwise provided in 
this Agreement.

Authorized Use of Your Card by Others
If  you  permit  any  person  to  have  access  to  your  card  or  Account 
number with the authorization to make a charge, or if you request us to 
issue a Card on your Account to another person, you will be liable for 
all charges made by that person, including charges you may not have 
intended that person to make.

Special Provisions Regarding Checks
You  may  stop  payment  on  an  unpaid  Check  by  providing  us  with  the 
check number, dollar amount, and payee exactly as they appear on the 
Check.  A  stop  payment  request  expires  six  months  after  the  date  we 
accept  your  stop  payment  order  unless  you  renew  it  in  writing  within 
two weeks prior to the expiration date.
If you post-date a Check, we may honor the Check immediately upon 
presentment  or  return  it  unpaid,  at  our  election,  without  in  either  case 
waiting until the date shown on the Check. We are not liable to you for 
any loss or expense incurred by you arising out of the action we elect 
to take. You may not use a Check or any other Cash Advance to make 
a payment under this Agreement or any other credit account you may 
have with us. 

Certain Limitations on Use of Your Card
Your  Account  is  a  consumer  credit  account.  You  must  not  use  your 
Card primarily for business or commercial purposes.
You must not use your Card for any unlawful purpose or in any illegal 
transaction.

Refusal to Honor Your Card; Refused Authorizations
We will not be liable if any other bank, any ATM, or any seller or lessor 
of  goods  or  services  refuses  to  honor  your  Card  or  retains  your  Card 
when  you  attempt  to  use  it.  Even  though  you  have  available  credit 
on  your  Account,  we  may  fail  or  decline  to  authorize  a  particular 
transaction due to operational difficulties or, at our discretion, for other 
reasons we deem to be appropriate.

Gaming and Wagering Transactions
The  State  Farm  Bank  credit  card  is  not  to  be  used  for  any  gaming  or 
wagering  transactions,  including  transactions  for  casino  chips,  bets, 
wagers, Internet gambling or any other gaming or wagering transaction. 
State  Farm  Bank  will  decline  transactions  for  casino  chips,  bets, 
wagers, Internet gambling or any other gaming or wagering transaction.

Suspension or Termination of Your Credit Account
We  may  suspend  or  terminate  your  right  to  obtain  additional  credit  at 
any  time,  subject  only  to  any  limitations  under  federal  law  or  to  the 
extent federal law does not preempt state laws, under the laws of the 
State of Illinois. All Cards we issue to you or at your request remain our 
property, and you agree to return all such Cards to us at our request. 
You may terminate your right to obtain additional credit at any time by 
cutting  all  unexpired  Cards  outstanding  on  your  Account  in  two  and 
returning  them  to  us.  Your  obligations  under  this  Agreement  continue 
unchanged  after  your  right  to  obtain  credit  has  been  suspended  or 
terminated by you or by us.

Obligation of Multiple Cardholders
All  joint  accountholders  are  individually  and  jointly  responsible  for 
paying  the  entire  outstanding  balance  on  the  Account.  If  two  or  more 
persons  are  responsible  for  paying  any  outstanding  balance,  we  may 
refuse  to  release  any  of  them  from  liability  until  all  of  the  unexpired 
Cards  outstanding  on  the  Account  have  been  returned  to  us  and  the 
Account  balance  is  paid  in  full.  The  obligations  of  the  other  obligated 
persons will not be affected by the release or discharge of one or more 
of  the  persons  who  are  responsible  for  paying  all  or  any  part  of  the 
Account.

Amendments; Replacement Cards
Subject  to  our  giving  any  notice  required  by  law  and  to  any  other 
limitations  imposed  by  law,  we  may  amend  this  Agreement  at  any 
time  to  change,  add,  or  delete  provisions  upon  such  notice  to  you 
and  subject  to  such  limitations  as  are  required  and  imposed  under 
applicable  provisions  of  federal  law  or  to  the  extent  federal  law  is 
not  controlling,  the  laws  of  the  State  of  Illinois.  If  a  longer  minimum 
notice  period  is  not  specified  by  applicable  federal  or  Illinois  law  for 
the amendments we propose to make, we may amend this Agreement 
upon  not  less  than  15  days  notice  to  you.  Unless  otherwise  provided 
by  law,  any  notice  of  changed  terms  may  be  included  on  or  with  the 
monthly  statement  of  your  Account  and,  the  notice  period  will  begin 
to  run  when  we  mail  or  deliver  the  notice  to  you.  If  a  notice  of  an 
amendment  gives  you  the  opportunity  to  reject  the  amendment,  and 
if  you  reject  the  amendment  in  the  manner  provided  in  the  notice,  we 
may  terminate  your  right  to  receive  additional  credit  and  may  require 
you  to  return  all  credit  devices  as  a  condition  of  your  rejection  of 
the  amendment.  If  the  amendment  so  provides,  and  subject  to  the 
requirements  of  applicable  law,  the  amended  Agreement  (including 
any  increased  rate  or  amount  of  interest  or  other  finance  charge  and 
other increased charges and fees) will apply to both existing and new 
balances  of  your  Account,  including,  subject  to  the  provisions  of  the 
notice of change in terms, all Purchases, Cash Advances and Balance 
Transfers after the effective date of the amendment. Any letter, payment 
instrument  or  other  communication  you  direct  to  us  with  the  intent  to 
amend  this  Agreement  must  be  sent  to  us  in  writing  at:  State  Farm 
Bank,  P.O.  Box  2326,  Bloomington,  Illinois  61702-2326.  If  any  such 

payment  instrument  is  received  at  any  other  address,  we  may  accept 
the payment instrument, which will not constitute consideration, and no 
amendment to the Agreement shall have been effected. This Agreement 
may be amended only by a writing originated by us and sent to you or 
a written amendment signed by one of our authorized representatives.
We may replace your Card with another credit card at any time.

Communications Concerning Disputed Debts
Any payment instrument you send us for less than the full balance due 
that  is  marked  “paid  in  full”  or  similar  notation,  or  that  you  otherwise 
tender in full satisfaction of a disputed amount, must be sent to State 
Farm  Bank,  P.O.  Box  2326,  Bloomington,  Illinois  61702-2326.  We 
reserve  all  our  rights  regarding  such  instruments.  For  example,  if  it 
is  determined  there  is  no  valid  dispute  or  if  any  such  instrument  is 
received at any other address, we may accept the instrument and you 
will still owe any remaining balance. Or, we may refuse to accept any 
such instrument by returning it to you, not cashing it, or destroying it. 
Satisfaction  of  your  debt  for  less  than  the  full  amount  due  requires  a 
written agreement, signed by one of our authorized representatives.

Change of Name or Mailing Address
You must notify us immediately of any change of your name or mailing 
address from that shown on your latest monthly statement. The back of 
your monthly statement contains a form you may use for this purpose.

Assignment
We may at any time, and without notice to you, assign your Account, 
any  sums  due  on  your  Account,  this  Agreement,  and  our  rights  or 
obligations  under  your  Account  and  this  Agreement  to  any  person  or 
entity.  The  person  or  entity  to  whom  we  make  any  such  assignment 
shall be entitled to all of our rights under this Agreement, to the extent 
assigned. You may not assign your rights under this Agreement.

Unauthorized Use of Your Account
If  you  notice  the  loss  or  theft  of  your  credit  card  or  a  possible 
unauthorized use of your card, you should write to us immediately at: 
State  Farm  Bank,  P.O.  Box  94,  Deposit,  New  York  13754-0094,  or 
call  us  at  877-734-8472.  You  will  not  be  liable  for  any  unauthorized 
use  that  occurs  after  you  notify  us.  You  may,  however,  be  liable  for 
unauthorized  use  that  occurs  before  your  notice  to  us.  In  any  case, 
your  liability  will  not  exceed  $50.  Please  sign  your  Card  immediately 
after you receive it. Please safeguard your Card like you would if it were 
cash. Do not disclose your PIN to anyone else.

Monitoring Telephone Conversations
You consent to and authorize us, any of our affiliates, and our marketing 
associates  to  monitor  and/or  record  (unless  prohibited  by  law)  any 
of  your  telephone  conversations  with  our  representatives  or  the 
representatives of any of such companies.

Information Gathering and Sharing 
Please  refer  to  the  State  Farm®  “Notice  of  Privacy  Policy”  for  our 
policies on collecting, using, securing, and sharing nonpublic personal 
information.  Additional  copies  of  our  “Notice  of  Privacy  Policy”  are 
available by calling us toll-free at 1-877-SF4-BANK (1-877-734-2265), 
on our website (statefarm.com®), or from your local State Farm agent.
CREDIT REPORTING:  State Farm Bank may report information about 
your  account  to  credit  bureaus,  including  negative  information.  Late 
payments, missed payments, or other defaults on your account may be 
reflected in your credit report. You authorize State Farm Bank to obtain 
consumer  reports  about  you  until  the  balance  is  paid  in  full  and  the 
account is closed. 
DISPUTING  ACCOUNT  INFORMATION  REPORTED  TO  CREDIT 
BUREAUS:  We  furnish  information  about  your  account  to  credit 
bureaus. You have the right to dispute the accuracy of the information 
reported  by  writing  to  us  at:  State  Farm  Bank,  F.S.B.,  ATTN:  Credit 
Reporting, P.O. Box 2313, Bloomington, IL 61702-2313. 

Governing Law
This  Agreement,  including,  without  limitation,  the  interest  to  be 
charged,  is  governed  by  Federal  law  and  to  the  extent  Federal  law  is 
not controlling, by the laws of the State of Illinois without regard to its 
conflict of laws principles.

Severability; No Waivers
If  any  part  of  this  Agreement  is  found  to  be  invalid,  the  rest  remains 
effective.  Any  failure  or  delay  by  us  in  exercising  any  of  our  rights  or 
remedies under this Agreement or under applicable law does not mean 
that we will not be permitted to exercise those rights or remedies later. 
We  may  accept  late  payments  or  partial  payments  without  losing  any 
of  our  rights  or  remedies.  You  have  not  waived  under  this  Agreement 
any  of  your  rights  or  our  duties  under  the  Illinois  Financial  Services 
Development Act.

Transactions with Merchants
Return  Policy.  If  a  merchant  discloses  a  policy  such  as  “no 
returns”,“no  refund”,  “no  return  or  credit  without  receipt”,  “as  is”, 
“store credit only”, or “all sales final”, you will be bound by that policy 
when  you  use  your  Card  or  Account  to  buy  goods  or  services  from 
that  merchant.  Reservations.  When  using  your  Account  to  make 
travel  or  lodging  reservations,  obtain  the  merchant’s  cancellation 
policy and follow it if you cancel. If you cancel, obtain the merchant’s 
cancellation number that it is required to give you. The merchant may 
charge you for a cancelled transaction unless you can provide us with 
the  merchant’s  cancellation  number.  Recurring  Transactions.  If  you 
authorize  a  merchant  to  charge  your  Account  for  repeat  transactions 
with  your  Card,  you  must  notify  the  merchant  when  you  want  to 
discontinue  the  repeat  transactions  or  if  your  Account  is  closed  or 
a  new  Account  number  is  issued  by  us.  Dispute  Assistance.  If  you 
disagree  with  a  transaction  on  your  statement  or  have  a  dispute  with 
the merchant as a result of the transaction, you will provide information 
or  assistance  we  reasonably  request  to  permit  us  to  investigate  the 
transaction. Otherwise, you will pay us for any resulting loss we have 
(up  to  the  amount  of  the  transaction)  unless  we  are  prohibited  by 
applicable law from holding you liable for our loss. “Your Billing Rights” 
controls. If any provision of this paragraph conflicts with any part of the 
“Your  Billing  Rights”  section  below  that  is  applicable  to  the  particular 
transaction, the terms of the “Your Billing Rights” section will control.

YOUR BILLING RIGHTS
Keep this notice for future use.
This notice tells you about your rights and our responsibilities under the 
Fair Credit Billing Act.
What To Do If You Find A Mistake On Your Statement.
If  you  think  there  is  an  error  on  your  statement,  write  to  us  at:  State 
Farm Bank, P.O. Box 1420, Deposit, New York 13754-1420.
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  problem:  If  you  think,  there  is  an  error  on  your  bill, 
describe  what  you  believe  is  wrong  and  why  you  believe  it  is  a 
mistake.

You must contact us:
•  Within 60 days after the error appeared on your statement.
•  At  least  3  business  days  before  an  automated  payment  is 
scheduled,  if  you  want  to  stop  payment  on  the  amount  you  think 
is wrong. 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 the amount in question.

What Will Happen After We Receive Your Letter
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 bill is correct.
While we investigate whether or not there has been an error:
•  We  cannot  try  to  collect  the  amount  in  question,  or  report  you  as 

delinquent on that amount.

•  The charge in question may remain on your statement, and we may 

continue to charge you interest on that amount.

•  While  you  do  not  have  to  pay  the  amount  in  question,  you  are 

responsible for the remainder of your balance.

•  We can apply any unpaid amount against your credit access line.
After we finish our investigation, one of two things will happen:
• 

If  we  made  a  mistake:  You  will  not  have  to  pay  the  amount  in 
question or any interest or other fees related to that amount.
If we do not believe there was a mistake: You will have to pay the 
amount in question, along with applicable interest and fees. We will 
send you a statement of the amount you owe and the date that it is 
due.  We  may  then  report  you  as  delinquent  if  you  do  not  pay  the 
amount we think you owe.

• 

If  you  receive  our  explanation  but  still  believe  your  bill  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  bill.  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.
If we do not follow all of the rules above, you do not have to pay the 
first $50 of the amount you question even if your bill is correct. 
Your Rights If You Are Dissatisfied With Your Credit Card Purchases 
If  you  are  dissatisfied  with  the  goods  or  services  that  you  have 
purchased  with  your  credit  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.
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.  (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 credit card for the purchase. Purchases 
made  with  cash  advances  from  an  ATM  or  with  a  check  that 
accesses your credit card account do not qualify.

(3) You  must  not  yet  have  fully  paid  for  the  purchase.  If  all  of  the 
criteria  above  are  met  and  you  are  still  dissatisfied  with  the 
purchase, contact us in writing at: State Farm Bank, P.O. Box 1420, 
Deposit, New York 13754-1420.

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.
Notice for Married Wisconsin Residents. No provision of any marital 
property  agreement,  unilateral  statement,  or  court  order  applying  to 
marital property will adversely affect State Farm Bank interests unless 
prior to the time credit is granted, State Farm Bank is furnished with a 
copy  of  the  agreement,  statement  or  court  order,  or  State  Farm  Bank 
has  actual  notice  of  the  provision.  Married  Wisconsin  residents  must 
furnish the name and address of their spouse to State Farm Bank at PO 
Box 87, Deposit, New York 13754-0087.

F03-L608-4 -0118