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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 Card 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 
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 Limit
We will establish a credit limit for your Account from time to time. Your 
initial credit limit is shown on the card carrier. Your current credit limit 
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 limit. We may also establish at 
any time a separate credit limit (as a sublimit within the overall credit 
limit 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  limit  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. You may request a change in the amount of your credit limit by 
writing or telephoning us.
Exceeding Your Credit Limit
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  limit,  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 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 limit 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 any credit 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 limit, 
that does not mean we will or must honor further over-limit 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. 
If we have previously honored requests for credit in excess of your credit 
limit, that does not mean that we will honor further over-limit requests.
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. If (i) the Previous Balance 
shown on your Account statement is zero or a credit balance, or (ii) if 
the total of Payments and other credits posted to your Account during 
the billing cycle equals or exceeds the Previous Balance, you will not be 
charged interest on Purchases (other than Balance Transfers) posted 
to your Account during the billing cycle. You may avoid paying interest 
on Purchases (but not on 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 you 
make a Purchase during a billing cycle of your Account during which 
you have an outstanding balance (including any balance that has an 
introductory or promotional rate) you must pay the entire New Balance 
(including any balance that is subject to a special rate) shown on the 
statement of your Account for that billing cycle by the Payment Due 
Date shown on the statement to avoid paying interest on that Purchase.
(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. 
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,  certain 
promotional rates, and minimum rates.
(1)  Introductory  Rate.  The  daily  periodic  rate  we  use  to  compute 
interest  on  all  Balance  Transfers  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 balances of your Account, including your existing balance. If 
you fail to abide by the terms of this Agreement, we may terminate the 
introductory rate and apply the Penalty Pricing rate for Purchases to the 
Balance Transfer balances of your Account. If we do, we will send you 
notice of the changed rate, the effective date of the change, and the 
balances of your Account that are subject to the changed rate. 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) Penalty Pricing. If you fail to make a required minimum  payment 
when due, or you make a payment that is returned unpaid, or you do 
any of the foregoing on another account that you have with us, we may 
increase the interest rate on Purchases (including Balance Transfers) 
balances (including any introductory rate or promotional rate then in 
effect)  to  the  Penalty  Pricing  interest  rate,  subject  to  our  giving  any 
notice required by law and to any other limitations imposed by law. 
The daily periodic rate we use to compute Penalty Pricing interest 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 Penalty Pricing daily 
periodic rate of interest on Purchases (including Balance Transfers) 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. If we elect to apply Penalty Pricing to your Account, we will 
send you notice of the changed rate, the effective date of the change, 
and the balances of your Account that are subject to the changed rate. 
The Penalty Pricing annual percentage rate will remain in effect until 
we receive six consecutive required minimum monthly payments on 
or before the Payment Due date beginning with the first payment due 
following the effective date of the increase.
(4)  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 or Penalty Pricing for Purchases, as applicable, will 
apply to your Account.
(5)  Minimum  Interest  Rate.  Without  regard  to  changes  in  the  Prime 
Rate, the minimum daily periodic rate we use to compute the interest 
on  Purchases  (including  Balance  Transfers),  and  the  minimum 
corresponding annual percentage rate are shown on the card carrier.
(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. 
(2) Penalty Pricing. If you fail to make a required minimum payment 
when due, or you make a payment that is returned unpaid, or you do 
any of the foregoing on another account that you have with us we may 
increase  the  interest  rate  on  Cash  Advance  balances  to  the  Penalty 
Pricing interest rate, subject to our giving any notice required by law 
and  to  any  other  limitations  imposed  by  law.  The  daily  periodic  rate 
we use to compute Penalty Pricing interest 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 Penalty 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.  If  we  elect  to  apply  Penalty  Pricing 
to  your  Account,  we  will  send  you  notice  of  the  changed  rate,  the 
effective date of the change, and the balances of your Account that are 
subject to the changed rate. The daily periodic rate we use to compute 
Penalty Pricing interest is a variable rate equal to the sum of the Prime 
Rate plus the margin shown on the card carrier divided by 365.

(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 and the minimum rate for Purchases 
(including  Balance  Transfers)  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  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. Notwithstanding the foregoing and without regard to any change 
in  the  Prime  Rate,  the  new  annual  percentage  rates  for  Purchases 
(including Balance Transfers) will not be less than the minimum annual 
percentage rate as provided in paragraph (a) above.

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. 
The  average  daily  balances  include  current  transactions  for  Purchases 
(including  Balance  Transfers)  and  for  Cash  Advances,  except  that  if  the 
Previous Balance of your Account was zero or a credit balance, or if the 
total  of  payments  and  other  credits  posted  to  your  Account  during  the 
billing  cycle  equals  or  exceeds  the  Previous  Balance,  Purchases  (other 
than Balance Transfers) posted to your Account during the billing cycle are 
not included in the daily balances of Purchases for purposes of calculating  
interest  on your Account balance.
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 1% 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:
(a)  a  Late  Payment  Fee  if  we  do  not  receive  payment  in  an  amount  at 
least equal to the 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 vary based on the New Balance of 
your Account at the closing date of your billing cycle as follows: $15 if 
the New Balance is less than $500; and $39 if the New Balance is $500 
or greater; 
(b) a Returned Payment Fee of $39 if a check or draft you send us as a 
payment on your Account is returned for insufficient funds or for any other 
reason; and 
(c)  a  Returned  Check  Fee  of  $39  if  we  return  a  Check  unpaid  for  any 
reason.
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 of $.74 for each $100 of your Account balance for the 
State Farm Bank Credit Protection Program if you have elected to purchase 
this optional program;
(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; 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 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 Minimum Payment Due shown on your 
monthly statement by the Payment Due date shown on the statement. The 
Minimum Payment Due each month for your Account is the sum of all past 
due amounts, plus any amount by which your Account balance exceeds 
your credit limit, plus any Penalty Charges, and plus any interest charges 
and other finance charges posted to your Account during the billing cycle, 
and plus 1% of the remaining New Balance of your Account rounded to 
the nearest $5 increment or $10, whichever is greater (or the entire New 
Balance if less than $10). If your account is closed and a balance remains 
the  Minimum  Payment  due  each  month  for  your  Account  is  the  sum  of 
all  past  due  amounts,  plus  the  amount  by  which  your  Account  balance 
exceeds your credit limit, plus any Penalty Charges, plus the amount of 
any  interest  charges  and  other  finance  charges  posted  to  your  Account 
during the billing cycle, and plus 1% of the remaining New Balance of your 
Account rounded to the nearest $5 increment or $10, whichever is greater 
(or the entire New Balance if less than $10). 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. 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.   Effective no 
later than February 22, 2010 if different annual percentage rates apply to 
different balances of your Account, we will allocate any amount you pay 
in excess of the required 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 Minimum Payment 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 Minimum Payment 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  limit,  or  if  we  have  established  a  separate  Cash  Advances 
credit limit or other credit sublimit for your Account, your  Cash Advances 
balance exceeds your Cash Advances credit limit or you exceed any other 
credit sublimit 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.
Payment Holidays
From time to time, solely at our option, we may allow you to skip one or 
more monthly payments. We will notify you when this option is available. 
If  you  skip  a  payment,  interest  (and  credit  protection  fees,  if  any)  will 
continue  to  accrue  on  your  Account  balance  in  accordance  with  this 
Agreement.  The  requirement  that  you  make  the  Minimum  Payment  due 
each month will resume following the payment holiday.
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.
If  you  are  an  authorized  user  and  you  use    a  card  or  the  Account, 
you  are  liable  for  each  transaction  you  make  on  the  Account  plus  any 
Finance Charges, Fees and Other Charges, and expenses provided in this 
Agreement and related to such transactions. If you are an authorized user, 
your liability does not relieve any cardholder under this Agreement from 
liability for the authorized user’s transactions until paid.
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.

Additional Cardholder Benefits
We may offer you certain additional cardholder benefits from time to time, 
including balance transfers, interest free special purchases, and temporary 
APR  reductions.  Any  such  benefits,  if  offered  and  provided  to  you,  will 
be subject to the restrictions outlined in the benefits brochure we provide 
to you. However, unless otherwise stated in the promotion, the terms of 
this Agreement shall also govern any such Special Purchase Promotion. 
We reserve the right to change, add to or discontinue these benefits and 
services at any time without notice to you.
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  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
Please notify us immediately of the loss, theft, or possible unauthorized 
use of your Card. You may be liable for unauthorized use of your Card 
if your gross negligence results in unauthorized use. You will not be 
liable for unauthorized use that occurs after you notify us in writing 
at  State  Farm  Bank,  P.O.  Box  94,  Deposit,  New  York  13754-0094, 
or  by  telephone  at  1-877-734-8472,  of  the  loss,  theft,  or  possible 
unauthorized use. In any case, your liability for unauthorized use 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.
If you believe that inaccurate or incomplete information about you or your 
Account has been shared by us with a credit reporting agency, write to us 
at: State Farm Bank, P.O. Box 94, Deposit, New York 13754-0094.  Please 
include your name, address, home phone number, and Account number, 
and explain which information you believe is inaccurate or incomplete.
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 document 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 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 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-E404-9 -0410  CP09-75050

 
  
  
  
 
  
  
 
  
  
 
Annual percentage rate (APR) for Purchases:  10.24% -18.24% (Prime+ 6.99% - 
Prime+14.99%)(Prime=3.25%) 
Daily periodic rate for Purchase:  0.0280% – 0.0555% 
APR based on creditworthiness and will vary with the market based on Prime Rate. 

APR for Balance Transfers:  10.24% - 18.24% (Prime+6.99% - Prime+14.99%)(Prime=3.25%) 
Daily periodic rate for Balance Transfers:  0.0280% – 0.0555% 
APR based on creditworthiness and will vary with the market based on Prime Rate. 

APR for Cash Advances:  20.24% (Prime+16.99%)(Prime=3.25%) 
Daily periodic rate for Cash Advances:  0.0555% 
This APR will vary with the market based on the Prime Rate. 

Penalty APR:  24.24% (Prime+20.99%)(Prime=3.25%) 
Daily periodic rate for Penalty:  0.0664% 
This APR may be applied to your account if you make a late payment and will apply to new balances on 
your account for a minimum of six months until you make six consecutive minimum payments when due.  
This APR will vary with the market based on the Prime Rate. 

The Prime Rate used to determine your APR is the highest Prime Rate published in the "Money Rates" 
table in The Wall Street Journal two business days prior to the Statement/Closing Date for that billing 
period. 

Annual Fee - None 

Minimum Interest Charge - $1.50 

Grace Period – Your due date is at least 24 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.  We will begin 
charging interest on cash advances and balance transfers on the transaction date. 

How We Will Calculate Your Balance - We use a method called “average daily balance (including new 
purchases)”. 

Cash Advance Fee – Either $10 or 4% of the amount of each cash advance, whichever is greater 
Late Payment Fee – up to $35 
Over-the-limit Fee - None  
Balance Transfer Fee – Either $10 or 3% of the amount of each transfer, whichever is greater (maximum 
fee $250) 
Returned-payment Fee – up to $35