Target Credit Card® Agreement 

for 

this  Account, 

represents  your  signature  on 

This Agreement explains the terms that you agree to 
follow 
for  your  Target  Credit  Card  Account 
(“Account”).  Your  signature  on  your  application  or 
solicitation 
including  without 
limitation any electronic or digital signature, as well as 
your  signature  on  sales  slips  or  any  Account-related 
document, 
this 
Agreement.  The  card  carrier  that  accompanied  your 
Target  Credit  Card  is  part  of  this  Agreement.  In  this 
Agreement “we,” “us,” “our” and “TD Bank” mean TD 
Bank  USA,  N.A.,  a  national  bank  with  its  main  office 
located in Delaware, and its successors and assigns, 
which  is  the  issuer  of  the  Target  Credit  Card.  “You” 
and  “your”  mean  everyone  who  is  liable  for  payment 
on  this  Account.  “Card”  refers  to  your  Target  Credit 
Card.  “Target”  means  Target  Corporation  and  its 
affiliates. You understand that TD Bank USA, N.A. is 
the  issuer  and  Target  has  the  right  to  service 
accounts and collect on TD Bank’s behalf. 

1. USE OF YOUR ACCOUNT — When you apply for 
an Account, you promise to be bound by the terms of 
this  Agreement.  You  promise  to  pay  us  for  all  credit 
extended under this Agreement and all other amounts 
you  owe  to  us  according  to  the  terms  of  this 
Agreement. If the Account is a joint Account, each of 
you  is  bound  by  this  Agreement  and  each  of  you 
jointly  and  individually  promises  to  pay  us,  and  may 
be  held  liable  for,  all  amounts  owed  to  us  on  your 
Account.  You  also  promise  to  pay  us  for  charges 
incurred by anyone you allow to use your Account. If 
you  give  your  Card  to  someone  and  authorize  their 
use  of  the  Card,  you  must  regain  possession  to 
terminate  their  authorized  use.  This  Account  may  be 
used only for personal, family or household purposes. 
You  agree  that  you  will  not  use  or  allow  use  of  your 
Card or Account for any illegal transaction or purpose. 

You  may  only  use  your  Card  to  make  purchases  of 
goods  and  services  (“Purchase(s)”)  at  Target  stores 
located in the United States and from the Target.com 
website. 

2. CREDIT LIMIT — You agree that we may establish 
a  credit  limit  for  your  Account  (“Credit  Limit”).  You 
agree that we may change a Credit Limit at any time 
for any reason not prohibited by law, including, but not 

TC-VT013 (R6.13) 

limited  to,  changes  in  your  credit  capacity,  your 
pattern  of  payments  to  us,  or  your  purchasing 
behavior.  We may also change a Credit Limit based 
on  any  information  provided  to  us  by  a  consumer 
reporting  agency,  including  your  risk  score  at  the 
consumer  reporting  agency  or  information  about 
credit  accounts  you  have  with  other  companies.  We 
may,  but  are  not  required  to,  approve  transactions 
that  exceed  your  Credit  Limit  without  liability  to  you 
and  without  obligating  us  to  do  so  in  the  future.  You 
agree 
from 
to  prevent  your  Account  balance 
exceeding the Credit Limit. 

3.  SPECIAL  PROMOTIONS  —  Occasionally,  you 
may be provided the opportunity to use your Card or 
Account in connection with special promotions. These 
promotions may be subject to terms and conditions in 
addition  to  or  different  from  those  provided  in  this 
Agreement,  which  will  be  described  in  the  special 
promotion offer. Unless otherwise stated, however, all 
terms  of  this  Agreement  shall  apply  to  any  special 
promotion. 

4.  PAYMENTS  —  We  will  send  you  a  billing 
statement  each  month  that  your  Account  has  a 
balance. Your  billing statement  will  show  the  amount 
you owe us, which is called the New Balance, and the 
smallest  amount  you  have  agreed  to  pay  us  for  that 
billing  period,  which  is  called  the  Minimum  Payment 
Due. If any portion of the New Balance is delinquent, 
the  statement  will  show  the  Amount  Past  Due.  The 
statement will also tell you the Payment Due Date. 
The Minimum Payment Due each month will equal the 
greater  of  a)  $25.00;  or  b)  the  sum  of  the  following: 
1% of your New Balance (rounded to the next higher 
whole  dollar  amount),  any  Interest  Charges,  any 
Returned  Payment  Fees,  and  any  Late  Payment 
Fees. We may round your Minimum Payment Due to 
the  next  higher  whole  dollar  amount.  If  there  is  an 
Amount  Past  Due,  we  will  also  add  that  amount  and 
include it in your Minimum Payment Due. If your New 
Balance  is  less  than  $25.00,  the  Minimum  Payment 
Due will be the entire New Balance. 

Your  minimum  payments  will  be  allocated  in  our 
discretion.  Payments  in  excess  of  the  minimum 
in  accordance  with 
payment  will  be  allocated 
applicable law. 

You  agree  to  pay  us  in  United  States  dollars.  If  you 
pay  by  check,  your  check  must  be  drawn  on  a 
depository  institution  located  in  the  United  States.  If 
you do not pay the New Balance in full, you agree to 
pay by your Payment Due Date at least the Minimum 
Payment  Due.  You  may,  at  any  time,  pay  the  total 
amount owing on your Account. Payments are posted 
to  your  Account  in  a  timely  manner  as  required  by 
law. However,  we may delay restoring your available 
Credit  Limit  in  the  amount  of  the  payment  to  make 
sure we receive the funds. 

At  our  option,  we  may  obtain  payment  for  any check 
or other instrument that you send to us by initiating an 
electronic  (including  Automated  Clearing  House) 
transfer from your depository institution account in the 
amount  of  your  check  or  instrument.  Your  check  or 
instrument will not be returned to you by us or by your 
depository 
institution 
institution.  Your  depository 
account may be debited as early as the same day we 
receive  your  payment.  If  we  cannot  process  the 
electronic  transfer  or  if  the  electronic  transfer  is 
returned  to  us,  we  may  present the  original  check  or 
other  instrument,  a  substitute  check,  draft  or  similar 
instrument to obtain payment. 

5. UNAUTHORIZED USE — If you notice the loss or 
theft  of  your  Card  or  a  possible  unauthorized  use  of 
your Card, you should write to us immediately at: 
Target Card Services 
P.O. Box 1581 
Minneapolis, MN 55440-1581 
Or call us at: 1-800-659-2396 
If  you  notify  us  by  telephone,  you  agree  to  confirm 
your  notification  in  writing.  You  are  not  liable  for 
unauthorized use of the Account. You agree to assist 
us  in  determining  the  facts  relating  to  any  theft  or 
possible  unauthorized  use  of  your  Account  and  to 
comply  with  the  procedures  we  may  require  for  our 
investigation.  All  Cards  are  issued  by  us  to  you  and 
you  must  return  or  destroy  your  Card  if  we  request 
you to do so. 

6. CREDIT AUTHORIZATIONS — Some transactions 
will  require  our  prior  authorization  and  you  may  be 
asked  to  provide  identification.  If  our  authorization 
system  is  not  working,  we  may  not  be  able  to 
authorize a transaction. We will not be liable to you if 
any  of  these  events  happen  or  for  any  failure  to 

 
 
 
 
 
 
 
 
 
 
 
 
authorize  a  transaction. We  are  also  not  responsible 
for the refusal of anyone to accept your Card. 

7. INTEREST CHARGES — 
•  ANNUAL  PERCENTAGE  RATE  —  Your  Annual 
Percentage  Rate  and  corresponding  Daily  Periodic 
Rate may vary with changes in the Prime Rate. If you 
received  a  temporary  card  for  your  Account,  the 
Annual Percentage Rate and the Daily  Periodic Rate 
applicable  to  your  Account  are  noted  on  it.  The 
temporary card is a part of this Agreement. The card 
carrier  sent  with  your  Card  also  tells  you  the  Annual 
Percentage  Rate  and  Daily  Periodic  Rate  applicable 
to your Account and is a part of this Agreement. If the 
Prime  Rate  changes,  the  Annual  Percentage  Rate 
shown  on  the  card  carrier  and  your  billing  statement 
may  be  different  than  those  disclosed  on  your 
temporary card. 

(“APR”)  and 
The  Annual  Percentage  Rate 
corresponding  Daily  Periodic  Rate  (“DPR”)  will  be 
determined  by  adding  a  margin  to  the  Prime  Rate. 
The “Prime Rate” means the highest U.S. Prime Rate 
published  in  the  “Money  Rates”  section  of  The  Wall 
Street Journal. For each billing period  we look at the 
Prime  Rate  on  the  last  business  day  of  the  previous 
calendar  month.  Any  change 
the  APR  and 
corresponding DPR will take effect on the first day of 
the  billing  period.  Your  rate  may  increase  when  the 
Prime  Rate  increases.  If  the APR  and  corresponding 
DPR  increase,  the  Minimum  Payment  Due  and  the 
amount of Interest Charges on your Account may also 
increase. 

in 

•  PURCHASES  —  The  APR 
is 
determined  by  adding  to  the  Prime  Rate  a  margin  of 
19.65%.  Please  see  the  Pricing  Information  for  the 
Annual  Percentage  Rate  and  corresponding  Daily 
Periodic Rate.  

for  Purchases 

•  BALANCE  COMPUTATION  AND  PAYING 
INTEREST CHARGES 
We  calculate  a  Daily  Balance  for  your  Account.  We 
may  maintain  separate  balances  for  your  Purchases 
and  special  promotional  Purchase  balances  (each,  a 
“Balance  Type”)  and  calculate  a  Daily  Balance  for 
each.  To  determine  the  Daily  Balance  for  a  Balance 
Type, each day we take the beginning balance for the 
Balance Type, add any new  charges included in that 
Balance Type, and subtract any payments and credits 

TC-VT013 (R6.13) 

applied  to  that  Balance  Type.  We  then  multiply  the 
resulting  balance  by  the  applicable  Daily  Periodic 
Rate.  The  resulting  daily  Interest  Charge  is  included 
in the beginning balance of that Balance Type for the 
next day. Purchases are included in the Daily Balance 
as of the later of the transaction date or the first day of 
the  billing  period  in  which  the  Purchase  is  posted  to 
the  Account.  Fees  are  included  in  the  Daily  Balance 
of Purchases when posted to the Account. 
We  figure  the  Interest  Charge  on  your  Account  for 
each Balance Type by multiplying your Daily Balance 
of each Balance Type by the applicable Daily Periodic 
rate for each day in the billing cycle. At the end of the 
billing  period,  we  will  add  up  the  daily  Interest 
Charges  on  all  Balance  Types  for  each  day  in  the 
billing  period  to  get  the  total  Interest  Charge  for  the 
billing period. 

Interest Charges begin to accrue on Purchases as of 
the day the Purchase is included in the Daily Balance. 
However,  if  you  paid  the  New  Balance  that  was 
shown  on  your  previous  billing  statement  by  the 
Payment Due Date on that statement, then (1) we will 
not  impose  Interest  Charges  on  Purchases  during 
your current billing period if you pay the New Balance 
shown  on  your  current  billing  statement  by  the 
Payment Due Date on that statement, and (2) we will 
credit  any  payment  (to  the  extent  the  payment  is 
applied  toward  Purchases)  as  of the  first  day  in  your 
current  billing  period  if  you  make  a  payment  by  the 
Payment Due Date that is less than the current billing 
period’s New Balance. 

If a New Balance was shown on your previous billing 
statement  and  you  did  not  pay  the  New  Balance  by 
the Payment Due Date on that statement, then we will 
not impose Interest Charges on any Purchases during 
the current billing period if you pay the New Balance 
shown  on  your  current  billing  statement  by  the 
Payment Due Date on that statement. 

Please  note  that  if  your  Account  has  a  promotional 
balance,  this  may  impact  how  we  are  required  to 
apply  your  payments  and  whether  you  can  take 
advantage of these terms regarding Interest Charges 
on Purchases. 

MINIMUM  CHARGE  FOR  BILLING  PERIOD  —  For 
any  billing  period  in  which  an  Interest  Charge  is 
imposed on your 

Account, there is a minimum interest charge of $1.00. 

8.  FEES  —  The  following  fees  may  be  assessed  on 
your Account. 
•  LATE  PAYMENT  FEE  —  You  will  pay  a  Late 
Payment  Fee  of  $25.00  when  any  amount  due 
remains  unpaid  after  your  Payment  Due  Date.  Any 
subsequent  Late  Payment  Fees  will  be  $35.00  until 
you  make  your  required  Minimum  Payment  Due  by 
the  Payment  Due  Date  for  six  consecutive  billing 
periods.  In  any  event,  the  Late  Payment  Fee  will  not 
be  greater  than  your  Minimum  Payment  Due  for  the 
billing period for which your payment was late. 
• RETURNED PAYMENT FEE — You will pay $25.00 
time  any  check  or  other  payment  order 
each 
(including an electronic payment) is not honored by a 
depository  institution.  In  any  event,  the  Returned 
Payment  Fee  will  not  be  greater  than  the  Minimum 
Payment  Due  that  was  due  immediately  prior  to  the 
date on which the payment was returned to us. 
• EXPEDITED DELIVERY FEE — At your request, we 
will  expedite 
the  delivery  of  an  additional  or 
replacement Card for your Account. 
You may be required to reimburse us up to $25.00 for 
delivery  and  other  charges  imposed  on  us  by  third 
parties for this expedited service. 
•  DOCUMENTATION  REPRODUCTION  FEE  —  You 
may  be  charged  $2.00  for  each  duplicate  Account 
document  we  reproduce  for  you  at  your  request,  in 
accordance  with  applicable  law.  We  will  not  charge 
you for duplicate documents we reproduce for you  in 
connection  with  a  billing  error  notice  or  if  our 
investigation indicates a billing error occurred. 

9.  ACCORD  AND  SATISFACTION  —  We  may 
accept  letters,  checks  or  other  types  of  payments 
showing  “payment  in  full”  or  using  other  language  to 
indicate  satisfaction  of  your  debt 
(“Disputed 
Amounts”) without waiving any of our rights to receive 
full  payment  under the  terms  of  this  Agreement. You 
agree  to  send  any  Disputed  Amounts  to  the  address 
for billing inquiries shown on your billing statement. 

10.  CONSUMER  REPORT  USE  AND  FURNISHING 
INFORMATION 
We  may  check  information  about  you  or  your  credit 
history  with  consumer  reporting  agencies,  including 
credit  bureaus,  or  others. We may  report  information 
about your Account to credit bureaus. Late payments, 

 
 
 
 
 
 
 
 
 
 
 
to  credit  bureaus, 

missed  payments,  or  other  defaults  on  your  Account 
may be reflected in your credit report. 
We  may  also  report  information  about  you,  your 
Account,  and  our  experiences  with  you  to  consumer 
reporting  agencies, 
to  other 
companies  that  are  affiliated  with  us  or  to  others  as 
allowed  by  law  and  our  privacy  policy.  If  you  do  not 
fulfill  the  terms  of  this  Agreement,  we  may  submit  a 
negative report reflecting on your credit record to one 
or  more  consumer  reporting  agencies.  If  you  believe 
we  have  reported  inaccurate  information  about  your 
Account to a consumer reporting agency,  you should 
notify  us  by  sending  your  Account  number  and  a 
description  of  the  information  you  believe  to  be 
inaccurate,  along  with  any  documentation  supporting 
the  inaccuracy,  such  as  your  credit  report,  to  Target 
Card Services, P.O. Box 673, Minneapolis, 
MN 55440-0673. 

OF 

DEFAULT/TERMINATION 

CREDIT 
11. 
PRIVILEGES — Subject to applicable law, you will be 
in default under this Agreement if you violate any term 
of this Agreement, fail to make the Minimum Payment 
Due by the Payment Due Date, or become the subject 
of  bankruptcy  or 
insolvency  proceedings.  Upon 
default or death, subject to applicable law, we may, in 
our  sole  discretion:  (a)  reduce  your  Credit  Limit  (b) 
terminate the Account, at which time the terms of this 
Agreement  will  continue  until  we  have  been  paid  in 
full;  (c)  require  immediate  payment  of  the  total 
balance on your Account including all related fees and 
charges described in this Agreement; (d) bring a legal 
action  against  you  to  collect  money  owed  to  us;  (e) 
terminate  any  special  promotional  credit  terms;  or  (f) 
take  any  other  action  permitted  by  applicable  law.  If 
we  refer  your  Account  to  an  attorney  for  collection, 
you  must  pay  to  us  all  costs  and  expenses  of 
collection, including attorneys’ fees and court costs, to 
the extent not prohibited by law. Even if you are not in 
default,  we  reserve  the  right  to  terminate  your 
privileges to obtain credit on the Account at any time. 
Upon any termination of this Agreement by you or us, 
you  will  continue  to  be  obligated  to  pay  all  amounts 
owing  under 
to  otherwise 
this  Agreement,  and 
perform the terms and conditions of this Agreement. 

12.  COMMUNICATIONS  WITH  YOU  —  We  or  our 
agents may call by telephone regarding your Account. 
You  agree  that  we  may  place  such  calls  using  an 
automatic dialing/announcing device. 
You  agree  that  we  may  make such  calls  to  a mobile 
telephone  or  other  similar  device.  You  agree  that  we 
may, for training purposes or to evaluate the quality of 
our service, listen to and record phone conversations 
you have with us. 

13.  WHAT  LAW  APPLIES  —  Applicable  federal  law 
and the substantive laws of the State of Delaware (to 
the  extent  not  preempted  by  federal  law)  without 
regard to the principles of conflicts of law or choice of 
law  shall  govern  this  Agreement.  To  the  extent  any 
court  determines  that  this  Agreement  is  subject  to 
Maryland  law  concerning  credit,  you  and  TD  Bank 
agree  that  your  Account  is  governed  by  Title  12, 
Subtitle  9  of  the  Commercial  Law  Article  of  the 
Annotated Code of Maryland, except as preempted by 
federal law. If there is any conflict between any of the 
terms  and  conditions  of 
this  Agreement  and 
applicable federal or state law, this Agreement will be 
considered  changed  to  the  extent  necessary  to 
comply with the law. 
If  there  is  any  conflict  between  any  of  the  terms  and 
conditions of this Agreement and applicable federal or 
state law, this Agreement will be considered changed 
to the extent necessary to comply with the law. 

14.  CHANGE  OF  PERSONAL  INFORMATION  — 
You agree to tell us right away of any change in your 
name, address or telephone numbers. 

15.  ASSIGNMENT  OF  ACCOUNT  —  We  may  sell, 
assign  or  transfer  your  Account  or  any  receivables 
created under your Account without notice to you. We 
will  record  any  transfer  in  the  book  entry  system 
maintained by us for the benefit of you. You may not 
sell,  assign  or  transfer  your  Account  without  first 
obtaining our written consent. 

16. NO WAIVER — We may waive or delay enforcing 
any  of  our  rights  under  this  Agreement  or  under 

applicable  law  without  losing  any  of  those  rights  or 
remedies.  Even  if  we  do  not  enforce  our  rights  or 
remedies at any one time, we may enforce them at a 
later time. 

17.  CHANGES  TO  THIS  AGREEMENT  —  We  have 
the right to change this Agreement (including the right 
to  add  additional  terms)  and  to  apply  those  changes 
to any existing balance on the Account 
as permitted by law. We will provide you with notice of 
any such changes as required by applicable law. 

18.  NO  SECURITY  —  Your  Account  is  unsecured. 
We are not taking a security interest in any property in 
connection with your Account. 

19.  EVIDENCE  —  You  agree  that  we  may  use  a 
copy,  microfilm,  microfiche  or  digital  image  of  any 
periodic  statement  or  other  document  to  prove  what 
you owe us and that the copy, microfilm, microfiche or 
digital  image  will  have  the  same  validity  as  the 
original. 

20.  CAPTIONS  AND  INTERPRETATIONS  —  The 
captions used in  this Agreement are for convenience 
the 
only.  They  do  not  affect 
paragraphs in this Agreement. 

the  meaning  of 

21.  SEVERABILITY  —  If  any  part  of  this Agreement 
is held to be invalid, the rest will remain in effect. 

22.  ENTIRE  AGREEMENT  —  You  agree  that  this 
Agreement (as amended and supplemented from time 
to  time)  and  the  application  constitute  the  final 
expression of the Agreement between you and us and 
that  this  Agreement  may  not  be  contradicted  by 
evidence  of  any  prior  or  contemporaneous  or 
subsequent oral agreement between a representative 
of ours or a Target employee. Neither  a Target store 
nor Target store employees have authority to change, 
add to, or explain the terms of this Agreement, except 
as expressly provided in this Agreement. 
You  may  at  any  time  pay  the  unpaid  balance  of 
the  account  in  whole  or  in  part  without  incurring 
any additional charge for prepayment. 

TC-VT013 (R6.13) 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Annual Percentage Rate 
(APR) for Purchases 

Your Annual Percentage Rates and corresponding Daily Periodic Rates may vary with changes in the Prime Rate.  

Pricing Information 

The Annual Percentage Rate (“APR”) and corresponding Daily Periodic Rate (“DPR”) will be determined by adding a margin to the Prime Rate. 
The “Prime Rate” means the highest U.S. Prime Rate published in the “Money Rates” section of The Wall Street Journal. For each billing 
period we look at the Prime Rate on the last business day of the previous calendar month. Any change in the APR and corresponding DPR will 
take effect on the first day of the billing period. Your rates may increase when the Prime Rate increases. If the APR and corresponding DPR 
increase, the Minimum Payment Due and the amount of Interest Charges on your Account may also increase.  

The APR for Purchases may vary and is determined by adding to the Prime Rate a margin of 19.65%. For your billing period ending this 
month, your Purchase APR is 22.90% (corresponding to a DPR of 0.06273%).  

How to Avoid Paying 
Finance Charges 

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

Annual Fee 
Penalty Fees 

None 

 

Late Payment 

Up to $35 

  Returned 
Payment 

Up to $25 

How We Will Calculate Your Balance: We use a method called “Daily Balance.” We calculate a Daily Balance for your Account. We maintain separate balances for 
your Purchases and special promotional Purchase balances (each, a “Balance Type”) and calculate a Daily Balance for each.  To determine the Daily Balance for a 
Balance Type, each day we take the beginning balance for the Balance Type, add any new charges included in that Balance Type, and subtract any payments and 
credits applied to that Balance Type.  We then multiply the resulting balance by the applicable Daily Periodic Rate.  The resulting daily Interest Charge is included in 
the beginning balance of that Balance Type for the next day.  Purchases are included in the Daily Balance as of the later of the transaction date or the first day of the 
billing period in which the Purchase is posted to the Account. Fees are included in the Daily Balance of Purchases when posted to the Account. 

TC-VT013 (R6.13)