First National Credit Card
Credit Card Contract and Initial Disclosure Statement
Please read this Contract carefully.  The use of your First National Visa Credit Card is governed by this Credit Card Contract and 
Initial Disclosure Statement (“Contract”).
1.  Definitions:  In the Contract, “Bank,” “we,” “our” and “us” refer to First National Credit Card, a division of First National Bank 
(Pierre, S.D.) and we are the creditor named in the application you signed.  “You,” “your” and “applicant” are the person(s) who 
applied to us for the Credit Account.  Other defined terms in this Contract include:
A.  “Active Account” means the Account is not closed.  Accounts suspended by us are considered active accounts.
B.  “Authorized User” means any person you authorize to use the Card or your Credit Account to obtain credit.
C.  “Average Daily Balance” has the meaning described in paragraph 12.
D.  “Billing Cycle” means a billing period of approximately one month, beginning on or about the same day of each month.  

We reserve the right to change the timing of the Billing Cycle at any time.

E.  “Card” means the plastic credit card(s) we have issued to you under this Contract.
F.  “Cash Advances” means credit you or an Authorized User obtain on your Credit Account by presenting the Card (or any 
other credit device we supply you) to any financial institution to obtain cash, making a transfer from your account to any 
other deposit or loan account or by using the Card at an authorized merchant or automated teller machine (“ATM”) or other 
device available for the purpose of obtaining cash.
G.  “Closing Date” means the last day of any Billing Cycle.
H.  “Contract” means the terms and conditions outlined in this Contract that governs the use of your Credit Account and 

Card.

I.  “Credit Account” or “Account” means the credit card account we open for you which is used to record transaction activity 

made by you when you access or otherwise utilize the line of credit we extend to you.

J.  “Credit Limit” means the maximum amount of credit which may be outstanding at any time on the Credit Account.
K.  “Minimum Payment” has the meaning described in paragraph 8.
L.  “New Balance” means the outstanding balance on your Credit Account at the end of any Billing Cycle.  The New Balance 
is the sum of the Previous Balance (the ending balance on your last statement) less payments and credits, plus new 
Purchases and new Cash Advances and our charges posted during the Billing Cycle.

M.  “Payment Due Date” has the meaning described in paragraph 6.
N.  “PIN” means the Personal Identification Number which may be assigned to your Credit Account. 
O.  “Posting Date” means the date that the charge was debited or credited to your Account.
P.  “Purchase” means credit you or an Authorized User obtain on the Account when the Card or Account number is presented 

to a merchant to purchase goods or services.

Q.  “Statement” means a statement of your Account which we send at the end of any Billing Cycle in which we owe you or 
you owe us more than $1.00, or any charge, payment, credit, Cash Advance or Purchase to your Account has occurred.

R.  “Transaction Date” means the date the goods or services were purchased or the date the Cash Advance was made.
2.  Accepting this Contract: We have approved your application and have opened a Credit Account for you. This Contract is 
effective immediately upon the earlier of your use of the Card or the expiration of thirty days from the date of issuance. The 
use of your Credit Account or the Card by you or any Authorized User, or your failure to cancel your Credit Account in writing 
(cut your Cards in half and return to us within (30) days from the date of issuance) means that you accept this Contract and 
will create a binding contract between you and us in accordance with the terms and conditions set forth in this Contract.
3.  Your Responsibility for the Account: You are responsible for all amounts owed on your Account, whether it is used by you 
or by an Authorized User, and you agree to pay such amounts according to the terms of this Contract.  We expect that you will 
retain control over the Card(s) and their use, not allowing any other person to use the Card(s).  In the event you allow another 
person to use the Card, you will be liable to us for such usage.  We extend purchase credit to you on your Account when we 
pay the merchant on your behalf for the transaction.

At your request, we may issue an additional Card with your Account number in the name of an Authorized User.  You 
agree to be obligated for all purchases, cash advances, interest and other fees resulting from the Authorized User’s use of the 
Account.  The Authorized User will also be responsible for all purchases, cash advances, interest and other fees resulting from 
their use of the Account, but we are not required to seek recovery from the Authorized User before requiring payment from 
you.  If you decide to terminate an Authorized User’s use of the Account, we must receive written notice from you, together 
with the return of the Card issued to the Authorized User (cut in half).  You remain responsible for all charge activity made until 
we receive notification.

Each person receiving a Card agrees to sign the Card.  Cards are not transferable and should not be given to anyone else 
to use.  Additional people who desire an account should apply for their own account.  You may apply for an additional Card for 
Authorized Users.  The Cards are issued by us and you agree to surrender the Cards to us upon our demand.  You also agree 
to notify us immediately if the Card is lost or stolen or you suspect unauthorized use of the Card.

You promise to pay us all sums you owe on your Credit Account, along with our Interest and other charges, in accordance 

with this Contract. 

4.  Using your Account to Obtain Credit: We reserve the right, in our sole discretion, to limit the use, amount, frequency or 
number of transactions you can make on the card, including limiting your use of the card at ATMs. You can use the Card and 
your Account to make Purchases and obtain Cash Advances at any time as long as you do not exceed your Credit Limit and 
your Account is not closed or suspended.  At our sole discretion, we may authorize a Purchase which exceeds your Credit 
Limit at any time or otherwise permit additional credit.  When you receive your Card, you may be assigned a PIN.  If a PIN is 
assigned to you, you can obtain a Cash Advance at any authorized ATM by using the Card and PIN. A Cash Advance must be 
greater than or equal to $20.00 to be approved.  Your Card cannot be used for illegal transactions.

5.  Your Credit Limit: Your Credit Limit appears on the Card Carrier and on your Statements.  You may not exceed your Credit 
Limit at any time.  However, if we choose to permit you to obtain additional credit, we may require that you pay us any amount 
over  your  Credit  Limit  immediately  upon  demand  rather  than  in  monthly  installments  and  we  may  suspend  your Account 
privileges or cancel your Account as described in Paragraph 27.

6.  Monthly Billing Statements: We will send you a monthly Statement at the end of each billing period.  The Statements will 
reflect the account activity and our charges during the Billing Cycle.  They will also show your Minimum Payment and the 
Payment Due Date, which is the date we must receive at least the Minimum Payment.  If there are more than one of you living 

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at different addresses, we will send the Statements only to the person named as the “Applicant” on the application.

7.  Payments: Payments will be credited as of the date of receipt if they are received at the address on the payment stub.  We 
may accept late payments or partial payments or checks and money orders marked “payment in full” or similar language, 
without losing any of our rights under this Contract to receive payment in full.  Payments should not be made by postdated 
check.  If we receive payment by postdated check, we may deposit it and shall have no liability if it is posted prior to the date 
that appears on the check.  We reserve the right to limit available credit resulting from any payment for up to fourteen (14) 
days.  However, for security purposes, we may hold a payment longer.  By sending your check, please be aware that you are 
authorizing us to use the information on your check to make a one-time electronic debit from your account at the financial 
institution indicated on your check.  This electronic debit will be for the amount of your check; no additional amount will be 
added to the amount.  Please contact the Customer Service Department at the telephone number on your Statement to learn 
about other payment options if you prefer to not have your check used in this way.  In the event that your check is returned 
unpaid for insufficient or uncollected funds, we may represent your check electronically.  In the ordinary course of business, 
your check will not be provided to you with your bank statement, but a copy can be retrieved by contacting your financial 
institution.

8.  Minimum Payment: You may pay your entire balance at any time, without penalty.  Whenever a balance is due, you must 
pay us at least the Minimum Payment each month.  The Minimum Payment is the sum of (i) the Monthly Payment plus (ii) all 
past due Monthly Payment amounts plus (iii) any amount your Account exceeds the Credit Limit.  The Monthly Payment is 
the greater of: $25.00; 3% of your balance or Current Cycle’s Interest, Late Payment Fee, and 3% of the balance. If your New 
Balance is less than the Minimum Payment, the New Balance is due in full.  We must receive your payment on or before the 
Payment Due Date shown on the Statement.  The Payment Due Date will be twenty-five (25) days from the Closing Date.
9.  Applying your Payments: In general, the payment will be applied in the following order: Unpaid Interest, Unpaid Fees and 
other Charges and then principal balance.  Payments applied to the principal balance will first be paid to balances at the 
highest Annual Percentage Rate (APR) and then to balances at lower APR’s except in the last two Billing Cycles before a 
promotional rate is scheduled to expire, at which time we may apply your payment to the principal balance of the promotional 
rate.

10.  Payment  Methods: All  payments  must  be  made  in  U.S.  dollars  and  drawn  on  a  financial  institution  located  in  the  United 
States.  Payments should be made payable to First National Credit Card.  Do not send cash through the mail.  Payments 
made through the mail in the form of cash or third-party checks may not be accepted.

11.  When Interest is Imposed: Interest will be imposed on Purchases only if you elect not to pay the entire New Balance shown 
on your Statement by the Payment Due Date.  For Cash Advances, Interest is imposed from the date the Cash Advance is 
made until it is paid in full and there is no grace period in which you may repay a Cash Advance to avoid Interest.

12.  Average Daily Balance: We start with the Previous Balance and add purchases and cash advances as of their post dates 
and fees and charges as of the transaction dates.  We subtract payments and credits as of their post dates.  Then we add 
the daily balances and divide by the number of days in the Billing Cycle.  To calculate the Interest, we multiply the Average 
Daily Balance by the Monthly Periodic Rate.  The Monthly Periodic Rate is calculated by dividing the Annual Percentage Rate 
disclosed in the “Interest Rates and Interest Charges” table in this Contract by 12 (months).  In any Billing Cycle when you are 
subject to Interest and the Interest as computed above is less than the minimum Interest as indicated in the “Interest Rates 
and Interest Charges” table in this Contract, you will be billed the minimum Interest.

13.  Account Fees: Please see the “Fees” table in this Contract for the amounts of charges applicable to your Account.  Your 
account terms may or may not include all charges listed below.  You agree to pay us the following other Fees, each of which 
will be billed to your Account as a Purchase and will accrue Interest:
a.  Annual Fee: We may impose an Annual Fee on your Credit Account.  The Annual Fee will be charged on the first Billing 

Cycle and in about the same Billing Cycle of each following year. 

b.  Cash Advance Fee: We charge a Cash Advance Fee for each Cash Advance taken on your Account through either an 

ATM, bank withdrawal or other means provided.

c.  Late Payment Fee: In every billing period in which your payment is not received by the payment due date, you will be 

charged a Late Payment Fee.

d.  Returned Payment Fee: If any check or other payment instrument is not honored for any reason by the institution on which 

it was drawn, we may impose a Returned Payment Fee. 

14.  Lost or Stolen Cards: If your Card is lost or stolen, or if you believe that it is being used without your permission, you must, 
which is available 24 hours a day.  You should also follow up in writing.  You should not use the Account or Card after you 
have notified us.  You may not be liable for any unauthorized use that occurs after you notify us of the loss, theft or possible 
unauthorized use.

15.  ARBITRATION:  PLEASE  READ  THIS  PROVISION  OF  THE  AGREEMENT  CAREFULLY.    YOU  AGREE  THAT  ANY 
DISPUTE  WILL  BE  RESOLVED  BY  BINDING  ARBITRATION.    ARBITRATION  REPLACES  THE  RIGHT  TO  GO  TO 
COURT, INCLUDING THE RIGHT TO A JURY AND THE RIGHT TO PARTICIPATE IN A CLASS ACTION OR SIMILAR 
PROCEEDING.  IN ARBITRATION, A DISPUTE IS RESOLVED BY AN ARBITRATOR INSTEAD OF A JUDGE OR JURY.  
ARBITRATION PROCEDURES ARE SIMPLER AND MORE LIMITED THAN COURT PROCEDURES.  YOU ALSO AGREE 
ANY ARBITRATION  WILL  BE  LIMITED  TO  THE  DISPUTE  BETWEEN YOU AND  US AND  WILL  NOT  BE  PART  OF A 
CLASS-WIDE OR CONSOLIDATED ARBITRATION PROCEEDING.
a.  Agreement to Arbitrate: You and we agree that any Dispute will be resolved by Arbitration.  This agreement is governed 

by the Federal Arbitration Act (FAA), 9 USCS § 1 et seq. and the substantive law of the State of South Dakota.

b.  Definitions: Arbitration is a means of having an independent third party resolve a Dispute.  A “Dispute” is any controversy 
or  claim  between  you  and  us.    The  term  Dispute  is  to  be  given  its  broadest  possible  meaning  and  includes,  without 
limitation, all claims or demands (whether past, present or future, including events that occurred prior to the opening of this 
Account), based on any legal or equitable theory (tort, contract or otherwise), and regardless of the type of relief sought 
(i.e. money, injunctive relief or declaratory relief).  A Dispute includes, by way of example and without limitation, any claim 
based upon federal or state constitution, statute, ordinance, regulation, or common law, and any issue concerning the 
validity, enforceability or scope of this arbitration agreement.  The term “you” includes any cosigner, co-obligor, guarantor, 
joint user or Authorized User and also your heirs, guardian, personal representative or trustee in bankruptcy.  The term 
“us” includes our employees, officers, directors, attorneys, affiliated companies, predecessors and assigns, as well as our 
marketing, servicing and collection representatives and agents.

c.  Selection of Arbitrator.  If a Dispute arises, the party asserting the claim or defense must initiate arbitration, provided 

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you  or  we  may  first  try  to  resolve  the  matter  informally  or  through  customary  business  methods,  including  collection 
activity.  The party filing an arbitration may initiate and pursue the matter with the American Arbitration Association (“AAA”) 
or we may agree upon a different arbitrator described below. If you claim you have a Dispute with us, but do not initiate 
an arbitration or select an arbitrator, we may do so.  You may obtain copies of the current rules of AAA and forms and 
instructions for initiating an arbitration by contacting:

American Arbitration Association 
335 Madison Avenue, Floor 10
New York, NY 10017-4605
Website: www.adr.org

The policies and procedures of the arbitrator will apply provided that they are consistent with this arbitration agreement.  
To the extent the arbitrator’s rules or procedures are different than the terms of this arbitration agreement, the terms of this 
agreement shall apply. If the AAA is not available to adjudicate the matter, or if the AAA is not convenient or acceptable to 
you, you and we may agree on one or more neutral arbitrators. If you and we cannot agree on arbitrator(s), an arbitrator 
will be appointed by a court with jurisdiction over the matter pursuant to the FAA.

d.  Cost of Arbitration: We will pay the filing fee and any costs or fees charged by the arbitrator regardless of whether you 
or we initiate the arbitration.  Except where otherwise provided by applicable law, each party will be responsible for its 
own attorneys’ fees and other expenses.  Unless prohibited by law, the arbitrator may award fees, costs and reasonable 
attorneys’ fees to the party who substantially prevails in the arbitration.

e.  Place of Arbitration: Unless you and we agree to a different location, the arbitration will be held in the same city as the 
U.S. District Court closest to your then-current mailing address. The arbitrator may decide the matter based upon written 
submissions by the parties if permitted under the arbitration rules.

f.  Waiver of Rights: You are waiving your right to a jury trial, to have a court decide your Dispute, to participate in a class 
action lawsuit and to certain discovery and other procedures that are available in a lawsuit.  The arbitrator has the ability to 
award all remedies available by statute, at law or in equity to the prevailing party.  You and we agree that the arbitrator has 
no authority to conduct class-wide proceedings and will be restricted to resolving the individual disputes between you and 
us.  If an arbitration firm or arbitrator fails or refuses to enforce the waiver of class-wide arbitration, then the Dispute will 
proceed in court. The validity, effect and enforceability of this waiver of class action lawsuit and class-wide arbitration is to 
be determined solely by a court of competent jurisdiction and not by the arbitration firm or arbitrator. If such court refuses 
to enforce the class-wide arbitration waiver, then it is agreed the Dispute will proceed in court rather than arbitration.
g.  Review of Arbitration Award. The arbitrator shall apply applicable federal and South Dakota substantive law and the terms 
of your agreements with us.  The arbitrator shall make written findings and the arbitrator’s award may be filed with any 
court having jurisdiction.  The arbitration award shall be supported by substantial evidence and must be consistent with 
your agreements with us and applicable law or may be set aside by a court upon judicial review.

h.  Other Provisions: If any portion of this arbitration agreement is subsequently deemed unenforceable, the enforceability 
of any other provision of this agreement shall not be affected and the unenforceable term shall be amended such that it 
is enforceable to the maximum extent permitted by law provided that if a class action litigation or a class-wide arbitration 
is permitted for any reason, either party may require that the entire Dispute be heard by a Judge, sitting without a jury, 
under applicable court rules and procedures.  This arbitration provision shall survive: (i) termination or changes in your 
agreements with us, the Account, or the relationship between you and us concerning the Account; (ii) the bankruptcy of 
any party; and (iii) any transfer, sale or assignment of the Account, or any amounts owed on the Account, to any other 
person or entity.

i.  Right to Opt-Out: If you do not wish to agree to arbitrate all Disputes with us, you must advise us in writing at the following 
address within thirty (30) days of our mailing this agreement to you at the most recent mailing address we have for you: 
First National Credit Card, P.O. Box 5097, Sioux Falls, SD 57117-5097.

16.  If Your Card is Refused: We are not responsible, and have no liability, if a merchant, a financial institution, an ATM or any 
third party refuses to honor your Card or accept a transaction on your Account.  Although you may have the credit available, 
we may be unable to authorize credit due to operational difficulties or mistakes.  The number of transactions you make, or 
transactions above a certain dollar amount, may require authorization before the transaction is approved.  Neither we nor our 
agents will be responsible or have any liability if authorization for a transaction is not given.  If your Account is over limit or 
delinquent, authorization of credit for transactions may be declined.  All transactions, even those for which we have provided 
you with a receipt, are subject to our final verification.

17.  Cardholder Privacy: We will provide you with a complete Privacy Notice on an annual basis.  We may from time to time, 
review your credit, employment and income records.  Your telephone calls with our service representatives may be recorded 
and  may  be  listened  to  in  order  to  evaluate  the  quality  of  service  we  provide  to  you.    We  may  use  automated  telephone 
equipment or pre-recorded telephone calls to contact you about your Account.  We may offer a variety of methods by which 
you can obtain information about your Account.  Security measures cannot insure against unauthorized inquiries.  You agree 
that we will not be responsible for the release of information to anyone who has gained possession of a Card or Identification 
Number, Credit Account Number or Social Security Number.   

18.  Calls and Text Messages to Your Cellular Phone: If you provide us with your cellular phone number or contact us from 
your cellular phone, you are providing this phone number for us, our affiliates or any third party acting on our behalf to contact 
you at this number.  You agree that we may use this phone number to contact you for any business purpose related to your 
account and you agree to be responsible for any fees or charges you incur as a result of providing this information.  You may 
request this number not be used.  We may offer options for text messages or other electronic communications that may be 
received or accessed from your cellular phone and you agree that by enrolling in these services, you understand and agree 
to be responsible for any fees or charges you incur as a result of this enrollment.

19.  Foreign  Currency  Conversion:  If  you  make  a  transaction  with  your Account  in  a  currency  other  than  U.S.  Dollars,  Visa 
will convert the charge in a U.S. dollar amount using either (A) 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 receives, or 
(B) the government-mandated rate in effect for the applicable central processing date.  The exchange rate used by Visa for a 
particular transaction is the rate Visa selects on the processing date and may differ from the rate on the date the transaction 
occurred or the rate on the date the transaction is posted to your Account.

20.  Your Billing Rights: Keep this Document for Future Use.  This notice tells you about your rights and our responsibilities 

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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: First 
National Credit Card, P.O. Box 5097, Sioux Falls, SD 57117-5097.  In your letter, give us the following information: Your name 
and account number; the dollar amount of the suspected error; a description of the 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; 1) Within 60 days after 
the error appeared on your statement and 2) If you have enrolled in automatic payment, at least 3 business days before the 
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.

  When we receive your letter, we must do two things: 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.  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 limit.
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 payment 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: These limitations do not apply 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: First National Credit Card, P.O. Box 5097, Sioux Falls, SD 57117-5097. 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.

21.  Delay in Enforcement: We can delay enforcing or fail to enforce any of our rights under this Contract without losing them.
22.  Credit Reports: By responding to the credit card offer, you are authorizing us to obtain credit reports about you, both now 
and in the future, for any legitimate business purpose associated with the Account or request for an Account, including but 
not limited to reviewing, modifying, renewing or collection on your Account.  We may report information about your Account to 
credit bureaus.  Late payments, missed payments, or other defaults on your Account may be reflected in your credit report.  
You and each Authorized User agree that we may report account information to credit reporting agencies in the names of both 
you and the Authorized User.

23.  Change in Terms of your Credit Account: We may change any term of this Contract at any time upon such notice to you as 
is required by law.  For example, we may change your Account Number or the Minimum Payment, add new charges or fees, 
change the Annual Percentage Rate, or change the method of computing the balance upon which we impose our charges.  
We may also make other changes.  The change in terms will apply to existing balances and new transactions on your Account 
if permitted by law.  If you notify us in writing that you intend to terminate your credit privileges on your Account, you agree to 
abide by the terms of this Contract as in effect prior to the changes and not use your Card.   You will have the remainder of the 
time under this Contract to pay all sums owed to us in accordance with the Contract terms, and Interest and Fees will accrue.  
To avoid additional Interest and Fees on your Account, you may pay your Account in full.  In either case, you agree to return 
the Card(s) to us on or before such effective date of the change in terms.  

24.  Law Governing this Contract: This Contract is entered into in the State of South Dakota where the decision to grant credit 
will be made.  Therefore, this Contract will be governed by the laws of the State of South Dakota applicable to contracts, and 
by applicable Federal law, as well as all rules, regulations, orders and interpretations promulgated under such laws to the 
extent applicable to your Credit Account.

25.  Severability: If any provision of this Contract is invalid or unenforceable under any law, rule or regulation, it shall not affect the 

validity or enforceability of any other provision of this Contract.

26.  Default: You will be in default of this Contract if any of the following occur:

If you do not make a Minimum Payment on your Account on or before the Payment Due Date;
If you die or become legally incompetent;
If you become insolvent or bankrupt;
If you exceed or attempt to exceed your Credit Limit;
If you provide us with or have provided us with false or misleading information or signatures at any time;
If you fail to comply with this Contract;
If you fail to make any payment or perform any promise in any agreement or obligation you have with us;
If any judgment, lien, attachment or execution is issued against you or your property;
If you request an excessive number of replacement Cards; or

a. 
b. 
c. 
d. 
e. 
f. 
g. 
h. 
i. 
j.  We reasonably deem the prospect of repayment of your Account to be in jeopardy for any reason.

If you are in default, we may immediately terminate the credit privileges on your Account.  We need not give you notice of 
termination.  We may also demand that you immediately pay us all sums owing on your Account, including all unpaid Interest, 
Fees and all other charges.
   We  may  also  demand  that  you  cut  the  Card(s)  for  the Account  in  half  and  return  it  to  us.   Although  we  may  have 

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declared your Account in default, you agree to pay us Interest at the rates provided in this Contract until all sums you owe 
us are paid in full, even if we have demanded that you make immediate payment in full.  If your Account is in default and you 
attempt to make Purchases and/or obtain Cash Advances, we have the right to use any legal means we deem necessary to 
recover the Card(s) from you, including, but not limited to, listing your Credit Account in warning bulletins and offering rewards 
for the return of the Card(s).  If we waive a default, we do not waive the right to declare the same or another event occurring 
later as a default of your Account.

27.  Cancellation: You may cancel your Account at any time by notifying us in writing at the address on your monthly Statement 
and returning all Cards issued on your Account (cut in half).  Even after your Account is closed, you remain responsible for 
paying any amounts you owe on the Account according to the terms of this Contract.  We can suspend your Account privileges 
or cancel your Account at any time, for any reason.  We will notify you after we do so, unless you are in default at that time.  
We will have no obligation to notify you prior to suspending your charging privileges or cancelling your Account.  You promise 
that any amounts which you owe us at the time of termination, plus any additional interest and other charges that will continue 
to be imposed, will be repaid according to this Contract.  If you cancel your Account within 30 days after the Contract is first 
mailed to you and if you have not used your Account for any Purchase or Cash Advance at any time, all initial fees billed to 
your Account will be credited back to your Account.

28.  Our Property: Each Card that we issue on your Account must be signed by the person named on it.  You agree to surrender 

the Card upon demand by us or our agents.

29.  Collection Costs: Unless prohibited by applicable law, if we start collection proceedings to recover amounts you owe us by 

reason of this Contract, you agree to pay reasonable attorney’s fees and other collection costs.

30.  Headings: The headings used in this Contract are for the convenience of reference only and are not intended in any way to 

define or describe the scope or intent of any provision of this Contract.

31.  State Restrictions:

a.  California Residents: A married applicant may apply for a separate account.  As required by law, you are hereby notified 
that negative credit reporting may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit 
obligations.  After credit approval, each applicant shall have the right to use the Account up to the limit of the Account.  
Each applicant may be liable for amounts extended under the plan to any joint applicant.

b.  Kentucky Residents: You may pay the unpaid balance of your Account in whole or in part at any time.
c.  Maine Residents: Payment Protection provided herein is voluntary and you have the right to cancel such protection at 

any time.

d.  New York Residents: Consumer reports may be requested in connection with the processing of the application and any 
resulting account.  Upon your request, we will inform you of the names and addresses of any consumer reporting agencies 
which have provided us with such reports.  New York residents may contact the New York State Banking Department to 
obtain a comparative list of credit card rates, fees and grace periods.  New York State Banking Department 1-800-518-
8866.

e.  Ohio  Residents:  The  Ohio  laws  against  discrimination  require  that  all  creditors  make  credit  equally  available  to  all 
creditworthy  customers,  and  that  credit  reporting  agencies  maintain  separate  credit  histories  on  each  individual  upon 
request.  The Ohio Civil Rights Commission administers compliance with this law.

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First National Credit Card

Interest Rates and Interest Charges

Annual Percentage Rate (APR)
for Purchases

15.6%

APR for Cash Advances

15.6%

How to Avoid Paying Interest 
on Purchases

Your due date is at least 25 days after the close of each billing cycle.  We will not 
charge you interest on purchases if you pay your entire balance by the due date 
each month.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $.50.

For Credit Card Tips from the 
Federal Reserve Board

To learn more about factors to consider when applying for or using a credit card, 
visit  the  website  of  the  Federal  Reserve  Board  at  http://www.federalreserve.gov/
creditcard

Fees

Annual Fees

$0.00 per year

Transaction Fees

  Cash Advance

Penalty  Fees

  Late Payment

$5.00

$10.00 each time payment is late

  Returned Payment

$0.00

How  We  Will  Calculate  Your  Balance:  We  use  a  method  called  “average  daily  balance  (including  new 
purchases).”  See Paragraph 12 of this Contract for more details. 
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided 
in Paragraph 20 of this Contract. 

M-100794

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