Annual Percentage Rate 0.0%
(APR) for Purchases

APR for Initial Balance
Transfer

0.0%

APR for Cash Advances 0.0%

19.9%

19.9%

Paying Interest

Minimum Interest
Charge

For Credit Card Tips
from the Consumer
Financial Protection
Bureau

Set-up and
Maintenance
Fees

Transaction Fees

Penalty Fees

To learn more about factors to consider when applying for or using a credit card, visit the
website of the Consumer Financial Protection Bureau at
http://www.consumerfinance.gov/learnmore

None

None

3%

$84.00

$8.00

5%

$39.00

$39.00

How We Will Calculate Your Balance:

Billing Rights:

FEES AND INTEREST CHARGES:

Periodic INTEREST CHARGES: INTEREST CHARGES
INTEREST CHARGES

INTEREST CHARGES

FEES AND INTEREST CHARGES:

INTEREST CHARGES

How we calculate INTEREST CHARGES:

Average Daily Balance

INTEREST CHARGE

CHARGE

INTEREST CHARGES

INTEREST CHARGE

INTEREST

Average Daily Balance

Daily Periodic Rate

INTEREST CHARGE

How we calculate Average Daily Balance and Daily Periodic Rate:

Average Daily Balance

Balance

Daily Periodic Rate

PERCENTAGE RATE
PERCENTAGE RATE
PERCENTAGE RATE
Account.
Minimum INTEREST CHARGE:

Monthly Fee:

Average Daily Balance

Average Daily Balance

Daily Balances
Daily

ANNUAL

ANNUAL

ANNUAL

The APR applicable to Purchases will be applied to fees assessed to your Credit

INTEREST CHARGE

INTEREST CHARGE

Cash Advance Fee:

INTEREST CHARGE

Foreign Currency Transaction Fee:
Late Payment Fee:

Return Item Charge:

Additional Card Fee:

Credit Limit Increase Fee:

Copying Fee:
Credit Insurance:
Express Delivery Fee:
Wire Transfer Fee:
Total Minimum Amount Due:

OTHER CHARGES AND IMPORTANT INFORMATION:

See the Credit Card Contract for further information regarding this
Credit Account. Retain these important documents.

each instance, plus a foreign currency transaction fee in the amount disclosed on 
your Account Opening Disclosures printed on the card carrier containing your Card. 
This  fee  will  be  paid  to  us  and  applied  to  all  transactions  posted  to  your  Credit 
Account in a foreign currency, including all Purchase transactions, Cash Advance 
transactions,  ATM  transactions  and  returns  and  adjustments  (e.g.,  for  returned 
merchandise). The currency conversion rate used on the processing date may be 
different than the rate that was in effect on the date you conducted the transaction. 
We do not set the currency conversion rate, and we do not receive any portion of 
it. We do, however, receive a foreign currency transaction fee as disclosed on your 
Account Opening Disclosures printed on the card carrier containing your card.
Prohibition on Gambling and Illegal Transactions: Your Card and Credit Account 
may  not  be  used  in  connection  with  any  gambling  transaction  (whether  legal  or 
illegal). Also, your Card and Credit Account may be used only for valid and lawful 
purposes. If you use, or allow someone else to use your Card or Credit Account for 
any unlawful purpose or for any gambling transaction, you will be responsible for 
such use and may be required to reimburse us for all amounts or expenses we pay 
as a result of such use.
Call  Recording:  You  agree  and  consent  that  we  will  record  and  may  monitor 
any calls between you and us. This includes both calls to and originated by First 
PREMIER Bank, PREMIER Bankcard, LLC, our parent corporation, or any of our 
affiliates, agents, independent contractors or service providers.

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:
     First PREMIER Bank
     P.O. Box 5524
     Sioux Falls, SD 57117-5524
(You may also contact us on the Web:  www.mypremiercreditcard.com.)
In your letter, give us the following information:
• Account information: Your name and Credit Account Number.
• Dollar amount: The dollar amount of the suspected error.
• 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 three 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 (or electronically). 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 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 $50.00 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
$50.00.  (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 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 (or electronically) at:
     First PREMIER Bank
     P.O. Box 5524
     Sioux Falls, SD 57117-5524
     www.mypremiercreditcard.com
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. 
Your  Liability  for  Unauthorized  Use  of Your  Credit Account:  You  will  not  be 
liable for unauthorized use of your Card or Credit Account. However, to protect your 
rights, you are required to notify us orally or in writing as soon as you are aware 
that your Card or Credit Account has been lost, stolen or used without your consent. 
Certain exceptions apply.  To notify us of the loss, theft or possible unauthorized use 
of your Card, call us at 1-800-987-5521, 24 hours a day. 

STATE DISCLOSURES
California  Residents:  A  married  applicant  may  apply  for  a  separate  Credit 
Account. As required by law, you are hereby notified that a negative credit reporting 
reflecting on your credit record may be submitted to a Consumer 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 Credit Account up to the limit of the Credit 
Account. Each applicant may be liable for amounts extended under the plan to any 
joint applicant.
Delaware Residents: Service charges not in excess of those permitted by law will 
be charged on the outstanding balances from month to month.
Kentucky Residents: You may pay the unpaid balance of your Credit Account in 
whole or in part at any time.
Maine Residents: Credit insurance provided herein is voluntary and you have the 
right to cancel such credit insurance at any time.
Maryland Residents: Finance charges will be imposed in amounts or at rates not 
in excess of those permitted by law.
Vermont Residents: First PREMIER Bank may obtain a consumer report for any 
legitimate  purpose  in  connection  with  your  Credit  Account  or  your  application, 
including but not limited to reviewing, modifying, renewing and collecting on your 
Credit Account. Upon your request, we (First PREMIER Bank) will inform you of the 
names and addresses of any Consumer Reporting Agencies that have furnished 
the reports.  
Ohio  Residents:  The  Ohio  laws  against  discrimination  require  that  all  creditors 
make credit equally available to all credit worthy customers, and that Consumer 
Reporting  Agencies  maintain  separate  credit  histories  on  each  individual  upon 
request. The Ohio Civil Rights Commission administers compliance with this law.
Married Wisconsin Residents: No provision of any marital property agreement, 
unilateral  statement,  or  court  order  applying  to  marital  property  will  adversely 

affect a creditor’s interests unless prior to the time credit is granted, the creditor 
is furnished with a copy of the agreement, statement, or court order, or has actual 
knowledge of that provision.
Washington  Residents: A  service  charge  will  be  computed  on  the  outstanding 
balance for each month. You may at any time pay your total unpaid balance.

ARBITRATION AND LITIGATION
This  Arbitration  Provision  (“Provision”  or  “Arbitration  Provision”)  facilitates  the 
prompt and efficient resolution of any disputes that may arise between you and us. 
Arbitration is a form of private dispute-resolution in which persons with a dispute 
waive their rights to file a lawsuit, to proceed in court and to a jury trial, and instead 
submit their disputes to a neutral third person (an arbitrator) for a binding decision. 
You have the right to opt out of this Arbitration Provision if you follow the instructions 
set out in the paragraph titled “Right to Opt Out” below. 
PLEASE  READ  THIS  PROVISION  CAREFULLY.  IT  PROVIDES  THAT  ALL 
DISPUTES ARISING OUT OF OR RELATED TO THIS CREDIT CARD CONTRACT 
SHALL BE RESOLVED BY BINDING ARBITRATION. ARBITRATION REPLACES 
THE  RIGHT  TO  GO  TO  COURT.  IN  THE  ABSENCE  OF  THIS  ARBITRATION 
AGREEMENT,  YOU  AND  WE  MAY  OTHERWISE  HAVE  HAD  A  RIGHT  OR 
OPPORTUNITY TO BRING CLAIMS IN A COURT, BEFORE A JUDGE OR JURY 
AND/OR  TO  PARTICIPATE  IN  OR  BE  REPRESENTED  IN  A  CASE  FILED  IN 
COURT BY OTHERS (INCLUDING, BUT NOT LIMITED TO, CLASS ACTIONS). 
EXCEPT  AS  OTHERWISE  PROVIDED,  ENTERING  INTO  THIS  AGREEMENT 
CONSTITUTES A WAIVER OF YOUR RIGHT TO LITIGATE CLAIMS IN COURT 
BEFORE A JUDGE OR JURY.
RIGHT TO OPT OUT: To opt out of this Arbitration Provision, you must mail a written 
notice to us so that it is postmarked no later than 45 days after we mail your first 
Card to you. Your first Card is the one we mail to you at approximately the time your 
first Account application is approved. Your right to opt out will not apply when we 
send you a copy of your Credit Card Contract or this Provision, or when we send 
you an updated version of your Credit Card Contract or this Provision, or when we 
send  any  replacement  Card.  If  you  opt  out  of  this Arbitration  Provision,  you  will 
retain your right to litigate your dispute in a court, either before a judge or jury. The 
opt  out  notice  must  include  your  name,  address,  and Account  number,  must  be 
signed by you (or all of you if there is more than one Account holder) and must be 
mailed to us at: PO Box 5524, Sioux Falls, SD 57117-5524.  If your written notice 
is not postmarked within 45 days from the date we mail your first Card to you, your 
right to opt out will terminate, and you agree that the terms of this Provision will 
apply. Your decision to opt out of this Provision will not affect your other rights or 
responsibilities under this Credit Card Contract.  
If  we  later  amend  this  Provision,  we  will  let  you  know  if  you  can  opt  out  of  that 
amendment and, if so, how you can do so.     
Parties  and  Matters  Subject  to  Arbitration:  For  purposes  of  this  Provision, 
“we”  and  “us”  include  our  employees,  parent  companies,  subsidiaries,  affiliates, 
beneficiaries,  agents  and  assigns  and  other  persons  and  entities  you  assert  a 
Claim against in connection with a Claim you assert against us. For purposes of 
this Provision, “Claim” means any claim, dispute or controversy by either you or 
us, arising out of or relating in any way to this Credit Card Contract, your Credit 
Account,  any  transaction  on  your  Credit  Account  and  our  relationship.  “Claim” 
also refers to any interaction or communication between you and us that occurred 
prior to or concurrent with entering into this Credit Card Contract, including those 
now in existence, regardless of present knowledge. “Claim” shall refer to claims of 
every  kind  and  nature,  including,  but  not  limited  to,  initial  claims,  counterclaims, 
cross-claims and third-party claims. All Claims are subject to arbitration, regardless 
of  legal  theory  and  remedy  sought,  including,  but  not  limited  to,  claims  based 
in  contract,  tort  (including  negligence,  intentional  tort,  fraud  and  fraud  in  the 
inducement), agency, statutory law (federal and state), administrative regulations or 
any other source of law (including equity). Notwithstanding the foregoing, the word 
“Claim” does not include any dispute or controversy about the validity, enforceability, 
coverage or scope of this Arbitration Provision or any part thereof; all such disputes 
or  controversies  are  for  a  court  and  not  an  arbitrator  to  decide.  However,  any 
dispute or controversy that concerns the validity or enforceability of the Credit Card 
Contract as a whole is for the arbitrator, not a court, to decide.
Agreement to Arbitrate: Any Claim shall be resolved and settled exclusively and 
finally by binding arbitration, in accordance with this Provision. Binding arbitration 

shall not be required, however, for collection actions we bring in court if you default 
on  your  Credit  Account  as  set  forth  in  the  Credit  Card  Contract.  Furthermore, 
both you and we retain the right to pursue in a small claims court (or your state’s 
equivalent court) any Claim that is within that court’s jurisdiction, so long as the 
matter  remains  in  such  court  and  advances  only  on  an  individual  (non-class, 
non-representative) basis. For any Claims covered by this Provision, a party who 
asserted a Claim in a lawsuit in court may elect arbitration with respect to any Claim 
subsequently asserted in that or any related or unrelated lawsuit by any other party.
Class Action  Waiver:  If  a  Claim  is  arbitrated,  neither  you  nor  we  will  have  the 
right: (a) to participate in a class action, private attorney general action or other 
representative action in court or in arbitration, either as a class representative or 
class member; or (b) to join or consolidate Claims with Claims of any other persons. 
An  award  in  arbitration  shall  determine  the  rights  and  obligations  of  the  named 
parties only, and only with respect to the Claim(s) in arbitration, and shall not (i) 
determine the rights, obligations, or interests of anyone other than a named party, 
or resolve any Claim of anyone other than a named party; nor (ii) make an award 
for  the  benefit  of,  or  against,  anyone  other  than  a  named  party.    No  arbitration 
administrator or arbitrator shall have the power or authority to waive, modify, or fail 
to enforce this section, and any attempt to do so, whether by rule, policy, arbitration 
decision  or  otherwise,  shall  be  invalid  and  unenforceable.   Any  challenge  to  the 
validity of this Class Action Waiver shall be determined exclusively by a court and 
not  by  the  administrator  or  any  arbitrator.  Thus,  you  agree  that      UNDER  THIS 
ARBITRATION  PROVISION  THERE  IS  NO  RIGHT  OR AUTHORITY  FOR ANY 
CLAIMS TO BE LITIGATED IN COURT OR ARBITRATED ON A CLASS BASIS. 
Arbitration  will  only  be  conducted  on  an  individual  Claim  basis  and  there  is  no 
right or authority to consolidate or join any of your Claims with any other Claims. 
YOU  AGREE  THAT  YOU  ARE  VOLUNTARILY  AND  KNOWINGLY  WAIVING 
ANY  RIGHT  TO  PARTICIPATE  AS  A  REPRESENTATIVE  OR  MEMBER  OF 
ANY  CLASS  OF  CLAIMANTS  PERTAINING  TO  ANY  CLAIM  SUBJECT  TO 
ARBITRATION UNDER THIS PROVISION.
Voluntary  Waiver  of  the  Right  to  a  Jury  Trial:  As  a  result  of  this  Provision, 
neither  you  nor  we  have  the  right  to  litigate  any  Claim  in  court  or  the  right  to  a 
jury trial on any Claim, except as provided above. YOU AGREE THAT YOU ARE 
VOLUNTARILY AND KNOWINGLY WAIVING ANY RIGHT YOU MAY HAVE TO 
GO TO COURT OR TO HAVE A JURY TRIAL.
Governing  Law:  This  agreement  to  arbitrate  is  made  pursuant  to  a  transaction 
involving interstate commerce and shall be governed by the Federal Arbitration Act, 
9 U.S.C. §§ 1-16, as it may be amended. If for any reason the Federal Arbitration 
Act does not apply, the substantive law of the State of South Dakota shall govern 
this Provision.
Arbitration Location and Procedure:  Any arbitration hearing at which you wish 
to appear will take place at a location within the federal judicial district that includes 
your  billing  address  at  the  time  the  Claim  is  filed.  The  party  bringing  the  Claim 
may file its Claim at the American Arbitration Association (“AAA”), or an arbitration 
organization mutually agreed upon by the parties. The arbitration organization that 
is selected will administer the arbitration pursuant to its procedures in effect at the 
time of filing, subject to this Provision. If you do not agree to file your claim with AAA, 
and the parties cannot agree on an alternative arbitration organization, an arbitrator 
will be appointed by a court pursuant to the Federal Arbitration Act. In the event 
of a conflict or inconsistency between the respective organization’s rules and this 
Provision or the Credit Card Contract, this Provision shall govern. The arbitration will 
be conducted before a single arbitrator, whose authority is limited solely to individual 
Claims between you and us. The arbitration will not be consolidated with any other 
arbitration  proceeding. Any  decision  rendered  in  such  arbitration  proceeding  will 
be final and binding on the parties, except for any appeal rights under the FAA, 
and judgment may be entered in a court of competent jurisdiction. The rules and 
forms of AAA may be obtained as follows: American Arbitration Association, 120 
Broadway, Floor 21, New York, N.Y. 10271, website at www.adr.org.
Arbitrator’s Authority: The arbitrator shall apply the applicable substantive law, 
consistent  with  the  Federal Arbitration Act;  shall  apply  statutes  of  limitation;  and 
shall  honor  claims  of  privilege  recognized  at  law.  In  conducting  the  arbitration 
proceeding, the arbitrator shall not apply any federal or state rules of civil procedure 
or  evidence.  THE  RULES  AND  PROCEDURES  OF  THE  AAA  OR  OTHER 
ARBITRATION  ORGANIZATION  WILL  GOVERN  THE  RIGHT  TO  ENGAGE  IN 

PRE-ARBITRATION DISCOVERY. Either party may, however, request to expand 
the scope of discovery. If a request is made, within 15 days of the requesting party’s 
notice, the objecting party may submit objections to the arbitrator with a copy of 
the objections provided to the party requesting expansion. The grant or denial of 
a party’s request will be in the sole discretion of the arbitrator, who shall notify the 
parties of the final decision within 20 days of the objecting party’s submission.
The Arbitrator’s Award: The arbitrator may award any damages or other relief or 
remedies that would apply under applicable law to an individual action brought in 
court, including, without limitation, punitive damages (which shall be governed by 
the  Constitutional  standards  employed  by  the  courts),  attorneys’  fees  and  costs 
and injunctive, equitable and declaratory relief (but only in favor of the individual 
party  seeking  relief  and  only  to  the  extent  necessary  to  provide  relief  warranted 
by that party’s individual claim).  At the timely request of either party, the arbitrator 
shall write a brief explanation of the grounds for the decision. Judgment upon the 
award rendered by the arbitrator may be entered in any court having jurisdiction 
thereof.  No arbitration award between you and us will have any impact on any 
dispute involving anyone who is not a party to the arbitration, nor will an arbitration 
award between us and any other person have any impact to an arbitration between 
you and us.  
Expenses:  Regardless  of  who  demands  arbitration,  we  will  pay  all  expenses 
of  arbitration,  including  the  filing,  administrative,  hearing  and  arbitrator’s  fees 
(“Arbitration Fees”), to the extent that the Arbitration Fees exceed the amounts you 
would be required to pay for filing a lawsuit in state or federal court, whichever is 
less.  If you have already paid a court filing fee, you will not be required to pay it 
again. Throughout  the  arbitration,  each  party  shall  bear  his  or  her  own  attorney 
fees and expenses, such as witness and expert witness fees. If you prevail in the 
arbitration of any Claim against us, we will reimburse you for any fees you paid to 
the arbitration organization in connection with the arbitration. The arbitrator will have 
the authority to award fees and costs of attorneys, witnesses and experts to the 
extent permitted by this Credit Card Contract, the administrator’s rules or applicable 
law. With respect to Claim(s) asserted by you in an individual arbitration, we will pay 
your reasonable attorney, witness and expert fees and costs if and to the extent you 
prevail, if applicable law requires us to or if we must bear such fees and costs in 
order for this Arbitration Provision to be enforced.
Binding  Effect  and  Survival:  You  and  we  agree  that,  except  as  specifically 
provided for above, the arbitrator’s decision will be final and binding on all parties 
subject  to  this  Provision.  This  Provision  is  binding  upon  you,  us,  and  the  heirs, 
successors, assigns and related third parties of you and us. This Provision shall 
survive termination of your account, whether it be through voluntary payment of the 
debt in full by you, a legal proceeding initiated by us to collect a debt that you owe, 
a bankruptcy by you or a sale of your Credit Account by us.
Severability: If any part of this Provision is deemed or found to be unenforceable 
for any reason, the remainder shall be enforceable, except as follows:

A.

The  parties  to  this  Provision  acknowledge  that  the  provision  titled
“Class Action Waiver” is      material and essential to the arbitration of any disputes 
between the parties and is non-severable from this Provision. If the Class Action 
Waiver  is  limited,  voided  or  found  unenforceable,  then  this  Provision  (except  for 
this sentence) shall be null and void with respect to such proceeding, subject to 
the  right  to  appeal  the  limitation  or  invalidation  of  the  Class Action  Waiver.  The 
parties acknowledge and agree that under no circumstances will a class action be 
arbitrated.
B.

If  a  Claim  is  brought  seeking  public  injunctive  relief  and  a  court 
determines that the restrictions in the Class Action Waiver and/or elsewhere in this 
Provision  prohibiting  the  arbitrator  from  awarding  relief  on  behalf  of  third  parties 
are  unenforceable  with  respect  to  such  Claim  (and  that  determination  becomes 
final after all appeals have been exhausted), the Claim for public injunctive relief 
will be determined in court and any individual Claims seeking monetary relief will 
be arbitrated.  In such a case the parties will request that the court stay the Claim 
for public injunctive relief until the arbitration award pertaining to individual relief 
has been entered in court.  In no event will a Claim for public injunctive relief be 
arbitrated.

M-131936

IDTNA

08/20

First PREMIER Bank 
CREDIT CARD CONTRACT AND  
ACCOUNT OPENING DISCLOSURES (cont’d)
This  Contract  explains  the  terms  and  conditions  of  your  Credit Account  with  us, 
including important provisions relating to arbitration and litigation. For additional 
important information on fees and INTEREST CHARGES and other contract 
provisions  that  apply  to  your  Credit  Account,  please  review  the  Account 
Opening Disclosures printed on the card carrier containing your Card. Be sure 
to retain all Contract documents for future reference.

YOUR CONTRACT WITH US
Your  Mastercard®  or  Visa®  brand  Credit Account  is  governed  by  the  terms  and 
conditions in this Contract and the Account Opening Disclosures printed on the card 
carrier containing your Card (“Contract”).
Applicable Law: No matter where you live, our Contract with you and the terms of 
your Credit Account will be governed by the laws of the State of South Dakota and 
applicable federal law.
Certain Agreements and Waivers: You understand that you are acknowledging, 
confirming  and  ratifying  the  debt  transferred  to  your  Credit Account  as  an  Initial 
Balance Transfer (“Old Debt”), to the full extent allowed by law, you are waiving 
any defense that would prevent us from collecting the Old Debt. The defenses you 
are waiving include a defense that the time may have expired for filing a lawsuit 
to collect the Old Debt. The Statue of Limitations requires a lawsuit be filed within 
a  specific  time  after  a  debt  is  in  default  and  would  prevent  the  collection  of  the 
debt in a court of law if a lawsuit is not filed within the required time. You agree 
that this Contract: (1) serves as your written acknowledgement of the justness and 
accuracy of the Old Debt; (2) evidences your willingness and promise to pay the 
Old Debt pursuant to the terms of this Contract; and (3) serves as your signature 
to, and acceptance of, this Contract to the full extent required by any applicable 
law and establishes a written agreement between you and us. Even though your 
agreement to transfer the Old Debt to a Credit Account with us would allow us to 
sue you for non-payment of the Old Debt if you do not pay as agreed (as explained 
previously), we irrevocably agree that we will not sue for collection of any portion 
of the Old Debt at any time. We do not, however, waive our right to sue you for any 
balance other than the Old Debt, such as Purchases, Cash Advances, INTEREST 
CHARGES, costs and fees, that are created after your Credit Account is opened. 
You also understand that by transferring the Old Debt to a Credit Account with us, 
the Old Debt will be included in the balance on your Credit Account that we may 
report  to  Consumer  Reporting Agencies. The  Fair  Credit  Reporting Act  prohibits 
reporting balances which were charged off more than seven years previously. By 
transferring the Old Debt to a Credit Account with us, the balance of the Old Debt 
will  become  a  new  obligation  on  your  Credit Account  which  may  be  reported  to 
Consumer Reporting Agencies beyond the seven-year period applicable to the Old 
Debt. You agree not to use this Credit Account unless you sign the back of your 
Card and accept the conditions of this Contract.
Effective Date: This Contract is effective upon the transfer of the Old Debt to your 
Credit Account as an Initial Balance Transfer. If, after reading this Contract, you 
do not agree to all terms hereof, you must notify us in writing within 30 days after 
we mail this Contract to you that you do not wish to be bound by the terms of the 
Contract and your Credit Account will be closed and the Initial Balance Transfer 
applied  to  your  Credit Account  will  be  reversed. The  settled  amount  of  the  debt 
that had been transferred to your Credit Account will then be subject to collection 
efforts. You will be responsible for any other Purchase or Cash Advance applied to 
your Credit Account even if your Credit Account is cancelled as described in this 
paragraph. You may or may not be able to renegotiate a new settlement with the 
owner of the debt.

DEFINITIONS USED IN THIS CONTRACT
In  this  Contract,  “we”,  “us”  and  “our”  each  refer  to  First  PREMIER  Bank  (the 
“Bank”).
“Authorized User” means any person authorized by you to use the Card or Credit 
Account.

“Billing Cycle” begins on the day after the Statement Closing Date of the previous 
Statement and includes the Statement Closing Date of the current Statement.
“Card” means all the plastic credit cards we issue to you or any other person who 
is  authorized  to  use  the  Credit Account.  In  the  event  we  issue  other  devices  by 
which you can access your Credit Account, those devices will also be “Cards” for 
purposes of this Contract.
“Closing Date” means the last day of any Billing Cycle.
“Credit Account”  means  the  credit  card  account  that  we  open  for  you  and  the 
relationship that is established between you and us by this Contract. This Credit 
Account is used to record transaction activity made by you when you access or 
otherwise utilize the line of credit we extend to you when you use your Card.
“New Balance” means the outstanding balance of your Credit Account at the end 
of any Billing Cycle. The New Balance is the sum of the Previous Balance (defined 
as  the  New  Balance  shown  on  your  last  Statement)  less  payments  and  credits, 
plus new Cash Advances and Purchases and our charges posted during the Billing 
Cycle.
“Payment Due Date” means the date we must receive your payment, which is not 
less than 27 days from the Closing Date.
“Proper Form” means a payment sent by mail or courier that:

•	 is by check, money order, or cashier’s check payable in US dollars (do not 

send cash)

•	 is payable to First PREMIER Bank (no third-party checks)
•	 includes  your  payment  coupon,  or  includes  your  name  and  account

number on the check

“Related Credit Account(s)” means any Credit Accounts established using the 
same Social Security Number.
“Statement” is a summary of your Credit Account activity provided to you at the 
end of each Billing Cycle.
“Total Minimum Amount Due” means the total minimum amount we request that 
you  pay  each  month  as  indicated  on  your  Statement.  This  amount  includes  the 
Minimum Payment, any Past Due Amount and any Amount Over Limit Due, which is 
the amount by which the New Balance exceeds your Credit Limit. (See the Minimum 
Payment provisions on the Account Opening Disclosures printed on the card carrier 
containing your Card for more information on how the “Total Minimum Amount Due” 
is calculated.)
“You” and “your” mean each and every person who is authorized to use the Credit 
Account, including Authorized Users, joint account holders and other persons you 
authorize to use the Card. 
Other  important  words  used  in  this  Contract  begin  with  capital  letters.  They  are 
defined throughout this Contract.

USING YOUR CARD

Sign Your Card: Be sure to sign your Card before you use it.
If You Do Not Want the Card: If you do not want the Card and Credit Account, you 
must contact us by telephone or in writing asking us to close your Credit Account.
Do Not Give Your Card to Others: Cards may not be given to anyone else to use. 
Other people who want a Credit Account should apply separately.
Your Responsibility for Authorized Users: If another person is given access to 
your Credit Account with your express or implied permission, notwithstanding the 
provision  above,  that  person  is  an Authorized  User,  even  if  we  did  not  issue  an 
additional Card in the Authorized User’s name. At your request, and if we agree, we 
may issue an additional Card in the name of an Authorized User with your Credit 
Account number.
You will be responsible for all charges, Cash Advances, INTEREST CHARGES, 
Purchases and fees incurred by any Authorized User. We are not required to try 
to obtain payment from any Authorized User before requiring payment from you. 
If you wish to remove an Authorized User from your Credit Account you must contact 
us either by telephone or in writing. You will still be responsible for payment of all 
Purchases, Cash Advances, INTEREST CHARGES and fees incurred or obtained 
by the Authorized User. We may close your existing Credit Account and issue you a 
new Card and account number. You and each Authorized User agree that we may 
report account information to Consumer Reporting Agencies in the names of both 
you and the Authorized User.
Lost or Stolen Cards: To protect your rights, you must notify us immediately at 
1-800-987-5521 if your Card is lost or stolen or if you suspect that it has been used 

or may be used without your permission. If your Card is reported as lost or stolen or 
you are claiming unauthorized use of your Credit Account or Card, we may require 
you to file one or more reports with the appropriate law enforcement agencies and 
us prior to our removal of possible unauthorized charges made against your Credit 
Account. You will not be liable for unauthorized use of your Card. Certain exceptions 
apply. 
Refusal to Accept Your Card: We are not responsible if any person or merchant 
does not accept your Card, or if an ATM or other device fails to properly operate. 
All transactions, even when you get a receipt, are subject to our final verification.
Cards Are Our Property: You agree to return each Card issued on your Credit 
Account to us upon our demand.

USING YOUR CREDIT ACCOUNT
Your  Promise  To  Pay:  You  agree  to  pay  us  for  all  charges,  Cash  Advances, 
INTEREST  CHARGES,  Purchases  and  fees  incurred  on  your  Credit  Account 
by you, or by any Authorized User, as well as any other fees imposed by us, as 
explained in this Contract. If more than one person requests or accepts the Credit 
Account, each and every person individually and jointly are responsible for payment 
until the account is paid in full.
Joint Account Holders: If this is a joint Credit Account, each person who signed 
the application: (1) may obtain Purchases and Cash Advances not to exceed the 
total credit limit; (2) will be responsible for paying all amounts owed; and (3) can 
close the Credit Account.
Accessing Your Credit Line: You can use the Card and your Credit Account to 
make  Purchases  and  obtain  Cash  Advances.  Upon  your  request,  you  may  be 
assigned a Personal Identification Number (PIN). If a PIN is assigned to you, you 
can obtain a Cash Advance at any authorized ATM by using the Card and PIN.
Understanding Your Credit Limit:  Your “Credit Limit” is the maximum amount 
of credit we have approved for your Credit Account. Your Credit Limit is the same 
amount as your Initial Balance Transfer when you open your Credit Account, so 
you will not be able to use your card for other Purchases or Cash Advances until 
you make a payment. The amount of available credit at any time will be your Credit 
Limit minus the balance of your Initial Balance Transfer and any other Purchases, 
Cash Advances, INTEREST CHARGES, fees and other charges. When your Credit 
Account is first opened, your available credit will be $0 until you pay at least the Total 
Minimum Amount Due. The amount of available credit will not necessarily be equal 
to the amount of payments made to your Credit Account because fees, INTEREST 
CHARGES and other charges may be applied to your Credit Account. The amount 
of your Credit Limit is printed on the card carrier containing your Card and on your 
Statements. Your balance may not exceed your Credit Limit at any time. At our sole 
discretion, we may honor Purchases or Cash Advances in excess of your Credit 
Limit without raising your Credit Limit. If we do, we may require you to pay us any 
amount over your Credit Limit immediately. Decisions on Credit Limit increases may 
be based on your performance under this Credit Account and other Related Credit 
Accounts you have with us and other credit criteria. If we have previously allowed 
your balance to exceed your Credit Limit, it does not mean that we will permit your 
balance to exceed your Credit Limit again. We reserve the right to approve or deny 
authorizations or transactions from any merchant at our sole discretion.
Obtaining Cash Advances: You may take Cash Advances on your Credit Account 
in any of the following ways: By presenting the Card to us or any other participating 
Mastercard® or Visa® financial institution to obtain cash, by using the Card at an 
authorized merchant, other non-bank entity, or an Automated Teller Machine (ATM) 
or other device to obtain cash or cash equivalent, or to make a transfer from your 
Credit Account to any other deposit or loan account. Even if you use your Credit 
Account to obtain cash from a non-bank entity, the transaction will be described as 
a Bank Cash Advance.
You may not take Cash Advances in excess of $500.00 per day. The minimum Cash 
Advance per transaction is $20.00. For Credit Accounts opened on or after June 
1, 2003, your initial Cash Advance limit will be 10% of your assigned Credit Limit. 
Once your Credit Account has been open and active for a minimum of 90 days, 
has two consecutive months of current payment history, is not currently delinquent 
and no payments have been returned for the past 60 days, your Cash Advance 
availability may be increased to 50% of the assigned Credit Limit. For example, if 
your Credit Limit is $250.00, your beginning Cash Advance limit will be $25.00 and 

may increase to $125.00 once the criteria above are met. In any event, you will not 
be able to obtain a Cash Advance to the extent you do not have available credit.

RECEIVING STATEMENTS, OTHER INFORMATION AND 
COMMUNICATIONS FROM US
Where  We  Send  Statements:  We  will  send  Statements  and  any  other  notices 
to you at the address shown in our files. If this is a joint Credit Account, we can 
send  Statements  and  notices  to  either  of  you.  You  agree  to  notify  us  promptly 
of any change in your address. We may accept address changes or corrections 
from  the  United  States  Postal  Service.  We  may  also  mail  Statements  and  other 
communications to you at any address we determine to be an address at which 
you can receive mail. If you elect to receive Statements and other communications 
electronically, we may send those Statements and communications as directed by 
you.
When You Receive Your Statements: We will send you a Statement at the end 
of each monthly Billing Cycle in which your Credit Account has a debit or credit 
balance of more than $1.00, if an INTEREST CHARGE has been imposed or if 
other account activity has occurred. Your Statements will arrive around the same 
time each month, however we reserve the right to change the date of your Billing 
Cycle at any time.
Understanding Your Statement: The Statements we send to you will reflect the 
activity and our  INTEREST CHARGES and other charges, costs and fees on your 
Credit Account during the Billing Cycle. They will also show your Total Minimum 
Amount Due and Payment Due Date, which is the date by which we must receive 
payment. The information contained on the Statement will be deemed to be correct 
unless you advise us in writing of any error within 60 days of the date on which we 
send your Statement. If there are more than one of you living at different addresses, 
we will send the Statements only to the person named as the “Applicant” in your 
application.
Consent  to  calls  and  messages  using  autodialer,  prerecorded  message 
and artificial voice:  You agree and expressly consent that we and our agents, 
affiliates, contractors, subcontractors, and assignees may call or contact you at any 
cellular, mobile, home, work, or other telephone number, electronic mail address, 
or other digital or electronic communication terminal, link, point or address of any 
kind whatsoever that (a) you provide or use to contact us, (b) we obtain from a 
third party such as an employer, friend, family member, another creditor, or person 
with  whom  you  have  done  business,  or  (c)  we  obtain  through  any  legal  means, 
including without limitation, a caller identification system that captures your number.  
You expressly consent to receiving calls, text messages and other communications 
from us, our agents, affiliates, contractors, subcontractors, and assignees on any 
number that is assigned to a cellular telephone service, wired telephone service, 
paging service, facsimile machine, specialized mobile radio service, radio common 
carrier  service,  internet  protocol  service,  or  other  electronic,  digital  or  analog 
service that is placed through or utilizes an automatic telephone dialing system, 
artificial voice or pre-recorded message, or any other technology, even if you incur 
a cost when we contact you.  You accept responsibility for all costs you incur when 
contacted through any of these means.
Indemnification: You agree to indemnify us for all damages, costs and expenses, 
including reasonable attorney fees, we incur when we attempt to contact you at 
any third party’s telephone number that you provide to us, including any number 
for which you fail to notify us is no longer associated with you as the subscriber. 
E-mail:  By  providing  us  with  your  e-mail  address,  you  consent  to  receive
correspondence electronically from us and our affiliates and service providers. You 
agree that we may communicate with you by e-mail for any lawful reason
Other Communication Devices: If you provide us with any other form of electronic 
communication mechanism, you agree that we may communicate with you by that 
mechanism for any lawful reason.

ABOUT YOUR PAYMENTS
Amount  of  Payment, Avoiding  Late  Fees,  and  Payment  Instructions:  You 
must make a payment by the Payment Due Date in each billing cycle that has 
a New Balance. The amounts you owe are shown in the “Payment Information” 
box  on  the  first  page  of  your  Statement.  To  avoid  a  Late  Payment  Fee,  we 
must receive a payment at least equal to the Minimum Payment plus the Past 
Due Amount  shown  on  your  Statement  by  5  pm  Central  Time  (referred  to  as 

the payment cutoff time) on your Payment Due Date. You can make a payment 
by mail, by phone, by bill payment service, or online. Instructions on making a 
payment and when the payment will be credited to your account are included on 
your Statement. Generally, credits from merchants are not treated as payments 
and will not reduce the amount you must pay each Billing Cycle. The Payment 
Due Date will be at least 27 days from the Statement Closing Date. Your Payment 
Due Date will be the same date each month. You can pay all or any portion of 
your balance owed on your Account at any time.
Applying Your Payments:   We may apply your payment to whichever balances 
we choose to the extent it does not exceed the Total Minimum Amount Due shown 
on your Statement.  The amount of your payment in excess of the Total Minimum 
Amount  Due  will  be  applied  to  balances  subject  to  the  highest  APR  prior  to 
balances subject to lower APRs.  We may apply your payment to principal amounts, 
INTEREST CHARGES, fees and other charges in any order we choose, and we 
may change the order of application of payments from time to time at our discretion.
Availability  of  Credit:  Available  credit  created  as  a  result  of  payments  posted 
to  your  Credit Account  may  not  be  available  for  up  to  20  days,  or  even  longer 
if  circumstances  warrant  an  additional  hold,  or  if  we  deem  ourselves  at  risk  for 
any reason. Your available credit may be limited, from time to time, if you provide 
your  Credit  Account  number  or  Card  to  a  merchant  that  processes  advance 
authorizations, such as hotels, motels and car rental. Such an authorization may 
limit  your  ability  to  make  Purchases  and  take  Cash  Advances  on  your  Credit 
Account  until  the  authorization  is  canceled  by  the  merchant  and  your  available 
credit is released.
Electronic  Check  Presentment:  When  you  send  us  a  personal  check,  you 
authorize us to either use information from your check to make a one-time electronic 
transfer from your account, or to process the payment as a check transaction. If 
your check is processed electronically, your canceled check will not be returned 
to you by your financial institution. We will retain an image of your electronically 
processed check(s) as required by law. If requested prior to the time we are allowed 
by law to destroy electronically processed checks, we will provide you with a copy of 
your electronically processed check(s) upon your request. Funds may be withdrawn 
from your bank account as soon as the day your payment is received. We agree to 
accept your checking account statement as proof of payment. The description on 
your checking account statement will read: PREMIER CR CARD CHECK-PAYMT, 
serial number of the check, amount of the payment and date of the transaction. If 
you choose to opt out of electronic check presentment, please call our Customer 
Service Department at 1-800-987-5521.
Late  Payments:  We  may  accept  late  payments,  partial  payments  or  checks  or 
other payment instruments marked to impose terms or conditions of acceptance 
such  as  “paid  in  full”  without  waiving  any  of  our  rights  under  this  Contract,  and 
no attempt by you to impose any term or condition of acceptance will be effective 
against us.  Satisfaction of a debt for less than the full amount due or imposition 
of any other term or condition on us requires a written agreement, signed by an 
authorized Bank representative.

DEFAULT PROVISIONS
Events of Default: You will be in default of this Contract if any of the following occur 
on this or any Related Credit Account:

• You  do  not  pay  at  least  the  Total  Minimum  Amount  Due  on  your  Credit

Account on or before the Payment Due Date.

• You die or become legally incompetent. 
• You become insolvent or bankrupt. 
• You exceed or attempt to exceed your Credit Limit.
• You provide us with or have provided us with false or misleading information 

or signatures at any time. 

• You fail to comply with this Contract.
• You fail to make any payment or perform any promise in any agreement or

obligation you have with us. 

• Any judgment, lien, attachment or execution is issued against you or your

property. 

• You request an excessive number of replacement Cards.
• We  reasonably  believe  that  you  will  not  pay  amounts  owed  to  us  for  any

reason.

If You Are In Default: Upon your default of this Contract, we will have all remedies 
provided by law including, without limitation, and without prior notice or demand, 
the right to:

• Deny use of your Credit Account.
• Close or refuse to renew your Credit Account.
• Demand the return of your Card(s).
• Declare your entire balance immediately due and payable.
• Initiate collection activity.
• Not replace your Card(s).

Collection  Costs:  To  the  extent  permitted  by  law,  you  must  pay  all  court  and 
collection  costs,  including  reasonable  attorneys’  fees,  the  costs  of  placing  your 
Credit Account in the Warning Bulletin and the costs of confiscating your Card, that 
we incur as a result of your default.

CLOSING YOUR CREDIT ACCOUNT
We May Suspend or Close Your Credit Account: We may suspend your Credit 
Account  privileges  or  permanently  cancel  and  close  your  Credit Account  at  any 
time, for any reason.
You  May  Close  Your  Credit Account:  You  may  cancel  your  Credit Account  at 
any time by notifying us by telephone or in writing. Even after your Credit Account 
is closed, you remain responsible for paying any amounts you owe on the Credit 
Account according to the terms of this Contract. If this is a joint Credit Account, 
either  of  you  may  request  that  the  Credit Account  be  closed  and  we  will  honor 
that request. If your account is billed a Monthly Fee, refer to the Account Opening 
Disclosures included on the credit card carrier for information about the billing of the 
fee when the account is closed. If your account is billed an Annual Fee or Monthly 
Fee, refer to the back of your monthly Statement for information on how to avoid 
the fees.  
No  Initial  Payment  Closure:  If  you  do  not  make  your  initial  Minimum  Payment 
within  85  days  of  the  Account  Opening  Date,  your  Credit  Account  will  be 
automatically closed and the Initial Balance Transfer posted to your Credit Account 
will be reversed.

REFUND DISCLOSURE
Initial Fee Refunds: The following describes our policy concerning the refund of 
initial fees (those fees that are billed on your first statement):

When we will provide a full refund. We will refund the initial fees if you have 
not made a Purchase or obtained a Cash Advance and either of the following 
are true:

• Your account is closed within 11 days following the payment due date 

shown on your first billing statement; or

•  Your  account  is  closed  before  you  pay  anything  after  receiving  a
billing statement.

When we will provide a partial refund. If your account is closed more than 11 
days after the payment due date on your first billing statement, we will refund 
the unpaid amount of the outstanding fees even if you have made a payment 
after receiving a billing statement as long as you have not made a Purchase 
or obtained a Cash Advance. However, we will not refund any amount you 
have previously paid, including any other fees billed to your account.
When  we  will  not  provide  a  refund.  We  have  no  obligation  to  refund  fees 
or interest after you make a Purchase or obtain a Cash Advance following 
receipt of these disclosures.

Credit  Limit  Increase  Fee  Refunds:  We  will  refund  the  Credit  Limit  Increase 
Fee if you reject the credit limit increase within 30 days after the date of the billing 
statement on which the fee is billed. This will result in a reversal of the credit limit 
increase.

OTHER TERMS AND CONDITIONS
Severability: If any provision of this Contract is invalid or unenforceable, it shall not 
affect the validity or enforceability of any other provision of this Contract. 
Changing  This  Contract:  We  may  change  this  Contract  from  time  to  time.  For 
example, we may change your Credit Account number or the Minimum Payment, 
add  new  INTEREST  CHARGES  or  fees,  change  the  ANNUAL  PERCENTAGE 
RATE  or  change  the  method  of  computing  the  balance  upon  which  we  impose 
INTEREST CHARGES. We may also make other changes. We will notify you in 
writing of any change if required by law. Contract changes will apply to amounts 

you owe at the time the change is effective and to new transactions on your Credit 
Account, unless otherwise required by law. We will not change our promise not to 
sue you for the balance of your Old Debt transferred to this Credit Account when 
your Credit Account is first opened.
Use of Credit Reports: You authorize us to access and use your credit reports 
from the consumer reporting agencies for any purpose permitted by law which 
may include whether to extend, increase, or decrease credit, reviewing, renewing 
or servicing your Credit Account, or determining whether to offer other products 
or services to you.
Information Sharing: The following describes your agreement with us with respect 
to information sharing. By requesting, obtaining or using a Credit Account from us 
you agree that we may release information in our records regarding you and your 
Credit Account:

• To comply with any properly served subpoena or similar request issued by a 

state or federal agency or court.

• To share your credit performance with Consumer Reporting Agencies and
other creditors who we reasonably believe are or may be doing business with 
you on your Credit Account. 

• To  provide  information  on  your  Credit Account  to  any  third  party  who  we
believe is conducting an inquiry in accordance with the Federal Fair Credit 
Reporting Act.

• To  share  information  with  our  employees,  agents  or  representatives

performing work for us in connection with your Credit Account.

• To communicate information as to our transactions or experiences with you
to persons or entities related by common ownership or affiliated by corporate 
control or with any third party (including non-affiliates).

We may also share information such as: (1) information other than our own 
transactions with you with persons or entities related to the Bank by common 
ownership  or  corporate  control;  or  (2)  information  on  your  Credit Account 
with certain companies to provide or offer you selected products, services or 
cardholder benefits. You may direct us not to share one or both of these. If this 
is your request call 1-800-987-5521 or notify us in writing at First PREMIER Bank, 
P.O. Box 5528, Sioux Falls, SD 57117-5528. Be sure to include your name, address 
and Credit Account number. You may receive a copy of our information on your 
Credit Account by writing or calling us at the address or telephone number listed 
above. By requesting or obtaining a Credit Account, you authorize us to check your 
credit history. You authorize your employer, bank and any other references listed to 
release and/or verify information to us and our affiliates in order to determine your 
eligibility for the Credit Account and any renewal or future extension of credit. If you 
ask, you will be told whether or not consumer reports on you were requested and 
the names of the Consumer Reporting Agencies, with their addresses, that provided 
the reports. If you designate an Authorized User to use your Card, you understand 
that account information may also be reported to Consumer Reporting Agencies in 
the Authorized User’s name.
No Waiver: Even if we do not exercise any right we may have against you, we do 
not intend to waive that right. We can exercise it against you in the future.
Binding  Effect  Upon  Death  or  Incompetency:  If  we  pay  a  merchant  for  a 
Purchase  or  post  a  Cash  Advance  to  your  Credit  Account  before  we  receive 
actual written notice of your death or incompetence, or if we pay a merchant for a 
Purchase made by you or post a Cash Advance taken by you prior to your death or 
incompetence, that transaction will be a valid and binding Credit Account obligation 
upon you, your estate and your personal representatives.
Our Liability To You: We have no liability to you, other than as placed on us by law. 
We will meet our duty to care for your Credit Account(s) under reasonable banking 
procedures.  Our  mere  clerical  error  or  honest  mistake  will  not  be  considered  a 
failure to perform any of our obligations.
Transactions in Foreign Currencies: If you make a transaction in a foreign currency, 
it will be converted into U.S. dollars, and you agree to accept the converted amount. 
Visa  USA,  Inc.  or  Mastercard  International,  Inc.  will  use  its  currency  conversion 
procedures  in  effect  when  processing  the  transaction.  The  currency  conversion 
rate will be a rate selected by Visa or Mastercard, as applicable, from the range of 
rates available in wholesale currency markets for the applicable central processing 
date, which rate may vary from the rate Visa or Mastercard itself receives, or the 
government-mandated rate in effect for the applicable central processing date, in