F03-L433-5 
SFNB-531    

COMMERCIAL ACCOUNT CARD  
MEMBERSHIP RULES 
Amended May 10, 2011 

   The words “I”, “we”, “me”, “my” and “us” will mean the firm making application for membership in the credit card system operated by the Bank, together with 
each and all individuals (cardholders) authorized to receive a card in such firm's name. "Firm" means the firm making application for membership in the credit 
card system operated by the Bank.  “Card” means Visa Platinum credit card owned and issued by the Bank.  “Bank” means Simmons First National Bank, Pine 
Bluff, Arkansas, U.S.A. 
Follow the Rules - 
    I agree to accept and comply with these membership rules. If I fail to follow the membership rules, the Bank can cancel my membership and may demand 
immediate payment of all amounts I owe. The Bank may amend the rules from time to time.  If the amendment is a significant change in account terms, the Firm 
will be given an opportunity to opt-out of the proposed amendment in accordance with applicable law and regulations. In the event of an amendment to the rules, 
I agree to accept and comply with the amended rules, unless a right to opt out is granted and the Firm timely exercises such right to opt out of the proposed 
amendment to the rules. 
Annual Fee –  
     The Firm agrees to pay an annual membership fee of $19.50 per card for Visa Platinum credit card account.  The annual fee will be added to my account 
balance and appear on my statement in a month selected by the Bank.  In subsequent years, I will be given prior notice of the renewal of my Card account on my 
monthly statement before the annual membership fee is assessed and instructions on terminating my Card account if I choose not to renew.  
Verification of Identity and Creditworthiness- I agree that the Bank may, and acknowledge that the Bank will, request information from me and from third parties 
to verify my identity and the identity of any other persons authorized to use my Card.  Further, I agree that the Bank may obtain consumer reports about me to 
determine my identity, eligibility for credit, renewal of credit and future extensions of credit for as long as this Card membership exists. I agree that I must 
maintain satisfactory creditworthiness to continue this Card membership and any determination by the Bank of unsatisfactory credit or filing of bankruptcy is 
grounds for termination of this Card membership.        
Card Usage - 
    I understand that my Card can be used at designated locations throughout the world to purchase goods and services, to obtain cash advances and to transfer 
funds  between  accounts  the  Firm  designates.    The  Bank  is  not  responsible  for  the  refusal  of  anyone  to  honor  my  Card.    Paper  transactions  or  electronic 
transactions  will  not  be  final  until  they  are  received  by  the  Bank.    Transactions  are  governed  by  the  laws  of  Arkansas  and  the  laws  of  the  United  States  of 
America.    From  time  to  time  the  operation  of  cards  issued  by  the  Bank  may  be  suspended  in  specified  foreign  countries  or  specific  regions  thereof,  due  to 
ongoing fraudulent activities involving credit cards.  Due to the nature of such fraudulent activities, the Bank is unable to provide advance notice or the duration 
of any such suspension.    If I use my Card in a check guarantee system, I agree to allow the check to be handled as a credit card cash advance if the check is 
not  paid.  I  agree  not  to  use  my  Card  for  any  type  of  Internet  gambling  transaction.    Further,  I  agree  not  to  use  my  Card  for  any  unlawful  transaction  and 
acknowledge  that  the  Bank  may  refuse  to  honor  any  transaction  determined  to  be  unlawful.    Restricted  transactions,  involving  the  acceptance  of  any  credit, 
funds, instrument, or other proceeds from another person in connection with unlawful Internet gambling, are prohibited from being processed through my Card 
account.   The  Firm  acknowledges  its  responsibility  to  pay  for  goods  and  services  obtained  through  the  use  of  my  Card,  even  if  such  good  or  services  were 
obtained in an unlawful transaction.  
Responsibility for Card Use - 
    I  understand  that  the  Firm  is  responsible  for  the  use  of  all  Cards  issued  with  this  membership.    I  will  not  allow  the  Card(s)  to  be  used  by  unauthorized 
person(s).  I  understand  that  the  Firm  will  be  liable  for  all  transactions  through  the  use  of  any  Card(s)  without  regard  to  whether  such  use  was  authorized  or 
unauthorized, including but not limited to liability for use of a lost or stolen Card. 
Notification - 
    For my own protection and for the protection of the Bank, I agree to promptly notify the Bank if I discover my Card has been lost or stolen, or if I suspect the 
Card has been used without my authorization. 
Card Ownership -  
    I  understand  as  a  member  and  Cardholder  that  I  do  not  own  my  Card.    When  requested  to  do  so  I  will  surrender  my  Card  to  the  Bank  or  to  a  person 
designated by the Bank.  I understand that any or all privileges to use my Card may be modified or canceled by the Bank at any time without notice to me. 
Promise to Pay -  
     The Firm promises to pay to the order of Simmons First National Bank all transactions in which I have used Bank funds as a result of the use of my Card.  If 
the  funds  involve  cash  advances  or  if  the  New  Balance  is  not  paid  as  provided  in  these  rules,  the  Firm  also  agrees  to  pay  the  transaction  fees  and  finance 
charge as described below. 
     The Firm must pay all bills or invoices, including the minimum payment shown on my monthly statement on time (on or before payment due date) and in U.S. 
Dollars.  The Bank does not waive its right to collect the full amount due if I pay late or I pay part of the bill, even if I write the words “paid in full” (or similar words) 
on any correspondence to the Bank. 
Available Credit Limit -  
    The Bank will supply a monthly statement listing the amount and location of all transactions posted prior to the closing date of the statement.  I agree to limit 
my transactions so that my balance will stay within the available credit limit approved for me by the Bank and listed on the statement.  The Bank may refuse to 
honor transactions that would cause my account balance to exceed my available credit limit.  My available credit limit will be restored to reflect a payment after 
the  Bank  receives  final  payment  on  my  check  or  other  payment  method.    The  Bank  may  increase  or  decrease  my  available  credit  limit  or  my  available  cash 
advance credit limit without notice.  The Bank will not increase my available credit limit without considering my ability to make the required payments on my Card 
account.  The  credit  available  for  my  use  may,  from  time  to  time,  be  less  than  my  available  credit  limit.    My  available  credit  limit  will  not  be  increased  by  the 
amount of any credit balance. 
Billing –  
     If there is a debit or credit balance of $1.00 or more on my account, the Bank will mail or deliver a monthly statement to the Firm not less than 21 days prior to 
the payment due date specified in the statement.  I am responsible for maintaining my current mailing address on file with the Bank. The Bank may consider me 
to have received any notice mailed to me at the current address on the Bank's records. 
Billing Errors –  
     Transactions  listed  on  my  statement  will  be  presumed  correct  unless  I  notify  the  Bank  of  an  error  in  writing  within  60  days  of  my  statement  mailing  date.  
(NOTICE:  The procedures for notifying us of errors on your monthly statement were disclosed upon the opening of your account and at least annually thereafter.  
The mailing address to notify us of a billing error is set forth on your monthly statement.)  
Posting Transactions; New Balance - 
    Debit  transactions  from  purchases  and  cash  advances  are  posted  the  day  they  are  received.  Debit  transactions  from  purchases  are  aggregated  into  my 
Purchases Balance. Debit transactions from cash advances are aggregated into my Disbursed Cash Balance.   Applicable finance charges will be added to and 
included in my Purchases Balance and my Disbursed Cash Balance on the last day of the statement cycle.  My account balance is the sum of my Purchases 
Balance and my Disbursed Cash Balance, which at the end of each statement cycle is shown as my "New Balance".  

 
 
 
 
 
             
 
Payment -  
    Each month the Firm will pay the “New Balance” shown on the statement in full within 25 days of the cycle closing date, the payment due date. If the Bank has 
not received a payment in the amount of the New Balance by payment due date (or the end of the next business day if the payment due date is on a Saturday, 
Sunday or bank holiday), the Firm will pay $29.00 late charge.  Additionally, payment in full received before the end of the next statement cycle avoids additional 
finance charges except on cash advance.  
Crediting of Payments- 
    An amount equal to the minimum payment from the initial payment during any statement cycle will be applied first to my Purchases Balance, then to my Disbursed Cash 
Balance  and  finally  to  my  Transferred  Balance.      All  additional  payments  received  during  the  same  statement  cycle  will  be  applied  to  the  balances  based  upon  the 
applicable interest rate on that balance, starting with the balances with the highest interest rates. Any part of a payment complying with the payment instructions on the 
periodic statement and received within 25 days of the cycle closing date which is credited to my Purchases Balance will be credited as of the beginning of the statement 
cycle in which received. Any part of a payment that is credited to my Disbursed Cash Balance, my Transferred Balance or all of any Payment which is received more than 
25 days after the cycle closing date will be credited as of the day received, if received before 5 p.m. CT by the Bank, otherwise on the next banking day, provided that any 
payment paid in person at a branch of the Bank shall be credited not later than the day received. Payments received and accepted by the Bank which do not comply with 
the payment instructions on the periodic statement may result in a delay in crediting the payment to my account.   
Electronic Transfer Authority- 
     Anytime I send the Bank a check for payment on my account, I authorize the Bank to make a one-time electronic transfer debit from my bank account for the 
amount of the check. 
Finance Charge -  
     Finance Charge on cash advances will accrue from the date of the transaction and continue until the Disbursed Cash Balance is paid in full.  Finance charge 
on purchases will accrue from the date of the transaction if there was a "New Balance" at the start of the current statement cycle, or from the first day of the 
statement cycle next following the date of the transaction if there was not a "New Balance" at the start of the current statement cycle.  
     Date of transaction will be the latter of the transaction date or the first date of the statement cycle in which the transaction is posted. 
     A Finance Charge will not be imposed on the Purchases Balance included within the "New Balance", if payment in full of the “New Balance” is received before 
the next statement cycle closing date.  
Interest Rates –  
     Finance charge on the Purchases Balance is computed by applying to my average daily balance for the Purchases Balance and the Transferred Balance, 
including unpaid finance charges (as indicated on my monthly statement) a daily periodic rate equal to the Prime Rate plus 6.00% divided by the number of days 
in the year. The Prime Rate is the prime rate published in the Money Rates column of The Wall Street Journal in effect for the second business day prior to the 
beginning of each statement cycle. If The Wall  Street Journal ceases publication or to publish the Prime Rate as now shown in its Money Rates column, the 
Bank  may use the prevalent prime rate in the United States as published in any other newspaper of general circulation, or the Bank may substitute a similar 
reference rate at its sole discretion. The finance charge for the Disbursed Cash Balance is computed by applying to my average daily Disbursed Cash Balance 
including unpaid finance charges (as indicated on the monthly statement) a daily periodic rate equal to the Prime Rate plus 10.00% divided by the number of 
days in the year. If a transaction fee is applied, the annual percentage rate (APR) may be higher than the periodic rate disclosed above. The maximum interest 
rate applicable to my Card is governed by the laws of the United States of America and the State of Arkansas. 
Other Charges and Collection Fees -  
     Transaction fees for cash advances (including advances in foreign  currencies) will be 3% of the amount of the cash advance (but not less than $4.00 nor 
more than $50.00).  If I request a photocopy or the original ticket of an item appearing on my monthly statement, I will pay the Bank the fee assessed to them by 
Visa  U.S.A.,  Inc.  for  this  service.    The  Firm  agrees  to  reimburse  the  Bank  any  and  all  amounts  which  it  pays  to  any  owner/operator  of  an  automated  teller 
machine (ATM) or any national, regional or local ATM network used to complete any transaction for my use of my Card at an ATM not located at an office or 
branch of the Bank. The Firm will pay a $12.00 service charge per payment, if I utilize a service representative of the Bank to obtain expedited service for any 
payment.    If  I  request  express  delivery  of  my  Card(s),  the  Firm  will  pay  an express delivery fee equal to the actual costs incurred by the Bank in making the 
express delivery.  If I make my payment with a check or other negotiable instrument and it is returned to the Bank unpaid, the Firm will pay a $29.00 Return 
Check  Charge.    If  my  account  is  placed  with  an  attorney  or  another  agency  for  collection,  the  Firm  will  also  pay  attorney  fees,  court  costs,  witness  costs 
(including transportation and lodging) and any other fees as allowed by law. 
Foreign Currency Transaction Fee-  
     If I make any purchases in foreign currencies, the Bank and/or Visa U.S.A. will convert the foreign currencies into U.S. Dollars.  Visa will use their applicable 
currency conversion procedures.  Currently, the conversion procedures utilize 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  the  government  mandated  rate  in  effect  for  the 
applicable central processing date, in each instance, plus or minus any adjustment determined by the Bank.  The Firm agrees to pay the Bank the sum in U.S. 
Dollars as converted by Visa, plus an additional 2% of the converted amount attributable to purchases (but not cash advances).  The currency conversion rate 
used on the conversion date may differ from the rate in effect on the date I used my Card.   
Closing Account- 
    In the event I close my account, I agree to notify the Bank in writing and return my Card(s) cut in half.  If I close my account, the Firm remains responsible to 
pay all amounts it owes to Bank according to the terms of these card membership rules.   
Amendments –  
     These rules (including, but not limited to rates and fees) may be amended by Bank from time to time.  The Firm will be notified of any amendment to the rules 
not  later  than  the  date  of  my  next  monthly  statement,  unless  sooner  required  by  applicable  law  or  regulation.    In  addition,  if  the  amendment  is  a  significant 
change in account terms, the Firm will be given an opportunity to opt-out of the proposed amendment in accordance with applicable law and regulations.