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Disclosures 

 Credit Card Agreement

Credit Card Agreement

This Agreement contains the terms which govern the use of your Visa® credit
card (“Card”) and corresponding account (“Account”), and outlines your

responsibilities and ours. You do not have to sign the Agreement. You agree to

the terms of this Agreement when you accept, sign or use the Card or Account,

and once you do any of those things the Agreement will be in force. Please

review and save the following important information about your Account.

In this Agreement, the words “you,” “your,” “yours,” mean each cardholder, each

person who applied for the Account, and each authorized guarantor (if any),

individually and collectively. The words “we,” “us,” “our,” and “ours” mean First

Internet Bank of Indiana. The term “Pricing Information” means the “Consumer

Card Pricing Information,” or “Consumer Rewards Card Pricing Information,”

whichever is applicable to the type of Card you receive.

USING YOUR ACCOUNT

You may use your Account in the ways listed below. You cannot use your

Account for illegal purposes, such as Internet gambling.

Purchases 

You may use your Account for purchases or lease of goods and services by using

your Card.

Balance Transfers 

You may transfer any amount, but the total amount of your balance transfer and

balance transfer fee (if any) must be less than your available credit limit.

Cash Advances 

You may obtain cash advances from ﬁnancial institutions, via your First IB online

banking transfer, at automatic teller machines or by using Convenience Checks,

if we provide them. Transactions that VISA identiﬁes to us as transactions with a

seller of travelers checks, foreign currency, money orders, wire transfers, lottery

tickets, or funds used for wager or gambling also will be treated as cash

advances. The total outstanding balance of your cash advances must be less

than your cash advance limit.

Convenience Checks 

We may provide you with Convenience Checks you may use to access your

Account. If you make a payment to someone with a Convenience Check, we will

tell you whether the check will be treated as a Balance Transfer or Cash

Advance. You may not use a Convenience Check to pay any amount you owe us.

Credit Authorizations 

We may not authorize a transaction for security or other reason including

operational matters, suspected fraudulent or unlawful activity, or circumstances

beyond our control (natural disasters, system failures, ﬁres). We will not be

responsible or liable if this happens.

Credit & Cash Advance Limits 

We will tell you what your Account credit limit and Cash Advance limit is. You

must keep your Account balance below your credit limit. We are not obligated to

allow your Account to go over its credit limit or Cash Advance limit. We may

increase, decrease, restrict, or cancel your credit limit or Cash Advance limit at

any time without prior notice unless you are under age 21, in which case you are

required to submit a written application for an increase. Any limit changes will

not affect your obligation to pay us.

MAKING PAYMENTS

You promise, individually and jointly, to pay all amounts due on your Account. If

you let someone else use your Card or Account, you are responsible for all

transactions that person makes. You will receive a Statement at the end of each

Billing Cycle when your Account has a debit or credit balance of more than

$1.00, or if we have charged any interest or fees to your Account. It will show

your minimum required payment. “Billing Cycle” is a period of about 30 days. In

general, a “Billing Cycle” is the number of days between the closing date shown

on the last Statement we sent to you and the closing date on your current

Statement. However, a “Billing Cycle” occurs even if we are not required to send

you a Statement.

Payment Instructions 

You must follow payment instructions on your billing Statement. All payments

must be made in U.S. Dollars from a U.S. deposit account and otherwise

acceptable to us. You may not make payments with Convenience Checks drawn

on this Account.

Minimum Payment 

You must pay at least the minimum payment when due. The minimum payment

will be the greater of $25.00 or 5% of the New Balance shown on your billing

Statement, plus any amount that is past due on your Account.

How We Apply Payments 

We apply payments and credits at our discretion. When you make a payment in

excess of the minimum payment, we will allocate the excess amount ﬁrst to the

balance with the highest APR and any remaining portion to the other balances in

descending order based on the applicable APR. In all cases, we apply payments

and credits as required by applicable law.

FEES

You agree to pay the following fees, charges, and costs.

Late Payment Fee 

If you do not pay at least the minimum payment within 10 days of its due date,

we may charge you a late fee equal to the maximum delinquency charge

permitted under the Indiana Uniform Consumer Credit Code. Today, that

amount is the amount shown as the “Late Payment” Fee on the Credit Card

Terms and Conditions Disclosure, but the amount is subject to change as

allowed by IC 24-4.5-1-106.

Returned Payment Fee 

We may charge a $20.00 returned payment fee if the payment you offer us is

not honored by the ﬁnancial institution on which it is drawn.

Collections 

If you are in default, you will pay all costs, including attorney fees, incurred by us

in legal proceedings to collect the amount you owe on your Account to the

extent permitted by applicable law.

Foreign Transaction Fee 

If you initiate a purchase or cash advance in a foreign currency, we may charge

the lesser of $10.00 or 2% of the amount of the transaction (in U.S. dollars). If

you make a transaction in a foreign currency, the Payment Card Network will

convert it to a U.S. dollar amount. The conversion rate in effect on the

processing date might differ from the rate in effect on the transaction or posting

date.

INTEREST CHARGES

We calculate interest charges each Billing Cycle by using the average daily

balance method (including new transactions). Daily periodic rates and

corresponding annual percentage rates may be found in Pricing Information.

Transaction Categories 

The balance subject to Interest is the average daily balance of your Account. We

calculate the average daily balance on your Account in three categories: (1)

Purchases, (2) Cash Advances, and (3) Balance Transfers.

How We Figure the Average Daily Balance 

To calculate the “average daily balance” for each category, we take the beginning

balance of your Account for that category each day during the Billing Cycle. (We

do not include unpaid interest or unpaid fees.) Each day, we add any new

transactions in that category, and subtract any new payments or credits in that

category. This gives us the daily balance for each category. We then add up all

the daily balances for each category for the Billing Cycle. We then divide the total

by the number of days in the Billing Cycle. This gives us the Average Daily

Balance for Purchases, the Average Daily Balance for Cash Advances, and the

Average Daily Balance for Balance Transfers.

How We Figure Your Interest Charges 

At the end of each Billing Cycle, we determine your Interest Charge as follows:

First, we multiply the Average Daily Balance for each category by the daily

periodic rate for that category. Then, we multiply that amount for each category

by the number of days in the Billing Cycle. That gives us the Interest Charge for

each category. The Total Interest Charge for the Billing Cycle is the sum of the

Interest Charges for each category.

When Interest Begins 

You will have at least a 25-day grace period (“Grace Period”) on Purchase

transactions. This means you have at least 25 days from the closing date of the

Billing Cycle shown on your Statement to pay for new Purchases before we

charge interest on them. The Grace Period applies only if you have no balance

left over from the previous Billing Cycle. This could happen two ways. You could

have had no New Balance (or a credit balance) on the Statement for the previous

Billing Cycle. Or, you could have paid the New Balance for the previous Billing

Cycle in full by the Payment Due Date. When the Grace Period does not apply,

Interest on Purchases begins on the date we post the transaction to your

Account. The Grace Period does not apply to Cash Advances or Balance

Transfers. Interest on Cash Advances and Balance Transfers begins on the date

we post the Cash Advance or Balance Transfer to your Account.

COMMUNICATION

We may contact you from time to time regarding your Account. We may contact

you in any manner we choose including calling, texting and e-mailing unless the

law says that we cannot. You agree that if you are past due or in default, you will

accept calls from us regarding the collection of your Account. These calls could

be automatically dialed and a recorded message may be played. We may listen

to and record your telephone calls with us to assure the quality of our customer

service.

OTHER IMPORTANT INFORMATION

Cancellation of Account 

You or any joint account holder may cancel this Account by calling, writing or

emailing us. You or both of you will remain responsible for paying all amounts

owed. We may cancel, suspend or not renew your Account at any time without

notice, except as required by applicable law.

Changes to Your Account 

At any time the rates, fees and terms of this Agreement may change. We may

add or delete any term to this Agreement. We will give you notice of any changes

as required by law. We may send the notice separately, on your Statement or

electronically.

Credit Information 

We may obtain and use credit and income information about you from credit

reporting agencies and others as the law allows. We may report the status and

payment history of your Account to credit reporting agencies and other

creditors.

Default 

We may consider you in default if you do not comply with any terms of this

Agreement or if you do not pay any payment when it is due, make false,

misleading or incomplete statements on Account documents, ﬁle bankruptcy or

have another insolvency proceeding ﬁled against you or you die or are legally

declared incompetent or incapacitated. If you are in default you may lose any

promotional offers including temporary rate reductions, and introductory APR

on balance transfers. If you are in default we may declare the entire balance of

your Account immediately due and payable without notice.

Governing Laws 

This Agreement is governed by applicable federal law and by Indiana law.

Periodic Rates:

Armed Forces Protection 

Federal law provides important protections to members of the Armed Forces

and their dependents relating to extensions of consumer credit. In general, the

cost of consumer credit to a member of the Armed Forces and his or her

dependent may not exceed an annual percentage rate of 36%. This rate must

include, as applicable to the credit transaction or account: The costs associated

with credit insurance premiums; fees for ancillary products sold in connection

with the credit transaction; any application fee charged (other than certain

application fees for speciﬁed credit transactions or accounts); and any

participation fee charged (other than certain participation fees for a credit card

account). For an oral version of this disclosure, please contact us at 1-888-873-

3424.

Transfer of Account 

We may sell, assign or transfer your Account or any portion of it without notice

to you. You may not sell, assign or transfer your Account without ﬁrst obtaining

our prior written consent.

Unauthorized Use 

You must notify us immediately if your Card or Convenience Checks are lost or

stolen or you believe someone is using your Account or card without your

permission. Your liability shall not exceed the lesser of $50.00 or the amount of

money, property, labor or services obtained by the unauthorized use before

notiﬁcation to us.

Rewards 

If your Card is a Cashback Credit Card, you are eligible for certain rewards as

described in the Pricing Information.

Card Disclosures

Cashback

Classic

Annual Percentage Rate
(APR) for Purchases

12.99%

16.99%

APR for Balance
Transfers 1

Introductory Balance
Transfer 0% for the ﬁrst 15
months after the balance is
transferred, then 12.99%

16.99%

APR for Cash Advances

18.99%

21.00%

Paying Interest

Your due date will be a
minimum of 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. We will
begin charging interest on
balance transfers and cash
advances on the transaction
date.

Your due date will be a
minimum of 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. We will
begin charging interest on
balance transfers and cash
advances on the transaction
date.

Annual Fee

None

None

Transaction Fees

Balance Transfers

3% of transfer amount

None

Foreign Transactions

The lesser of 2% of the
purchase or cash advance
amount (in U.S. Dollars) or
$10.00

The lesser of 2% of the
purchase or cash advance
amount (in U.S. Dollars) or
$10.00

Penalty Fees

Late Payment

Returned Item

Grace Period

$18.50

$20.00

$18.50

$20.00

25 days (to avoid periodic
ﬁnance charges on purchases,
the total payoff amount must
be received by the payment
due date)

25 days (to avoid periodic
ﬁnance charges on purchases,
the total payoff amount must
be received by the payment
due date)

Credit Lines Up To

$20,000

Minimum Finance
Charge

Cash Advance Fee

None

$10,000

None

2% of the amount of the cash
advance; $10.00 maximum

2% of the amount of the cash
advance; $10.00 maximum

Credit Card Tips from
the Consumer Financial
Protection Bureau

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 www.consumerﬁnance.gov/learnmore.

CONSUMER CASHBACK INFORMATION

1 Loss of Intro APR: We may end your Introductory Balance Transfer APR if you make a late

payment; then the Balance Transfer APR will be 12.99%.

How We Will Calculate Your Balance: We use a method called “average daily

balance method (including new purchases)”.  See “Interest Charges” section of

your Credit Card Agreement for more information.

Billing Rights:  Information on your rights to dispute transactions and how to

exercise those rights is provided in your Credit Card Agreement. See “Your Billing

Rights” section for further details.

Minimum Payment:  The payment amount will be any amount past due plus

the greater of $25.00 or 5% of the new balance shown on your billing statement.

Cashback – The daily periodic rate for the Purchase APR is 0.03559%. The daily

periodic rate for the Introductory Balance Transfer APR is 0%, and for the Non-

Introductory Balance Transfer APR 0.03559%.  The daily periodic rate for the

Cash Advance APR is 0.05203%.

Consumer Classic – The daily periodic rate for the Purchase APR is 0.04107%. 

The daily periodic rate for Balance Transfer APR is 0.04107%.  The daily periodic

rate for the Cash Advance APR is 0.05753%.

“How do I earn cashback?” 

You earn cashback by using your credit card to make purchases. You will earn

3% on gas purchases. Gas purchases are those made at merchants classiﬁed as

gas stations. You will earn 1% on all other net purchases (purchases minus any

returns or credits).

You will not earn rewards on cash advances, balance transfers, convenience

checks used to access your account or any cash received with a purchase at the

point of sale.

“Will my cashback rewards ever expire?” 

Cashback rewards have no expiration date. If your account is closed, you will

lose any cashback rewards you have not redeemed. If you fail to make two (2)

minimum payments by the due date in a sixty (60) day period of time, any

cashback yet to be redeemed will be forfeited.

“Is there a limit to the amount of cashback I can earn?” 

No.

“How do I redeem my cashback?” 

You may request to have your cashback credit to your credit card balance at any

time by completing the Cashback redemption form via online banking or by

contacting a Relationship Banker at 1-888-873-3424.

Additional Information 

If your card is lost or stolen or we reissue a new card to you for any reason, we

will transfer your outstanding cashback balance to the new card.

Please note that we will notify you of any changes to the cashback program.

Changes may be made at any time including, but not limited to, changes to

cashback reward percentages, redemption methods and imposing additional

restrictions.

YOUR BILLING RIGHTS: KEEP THIS INFORMATION 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, contact us by email at

bank@ﬁrstib.com or write to us at:

First Internet Bank 

PO Box 6080 

Fishers, IN 46038

In your communication, give us the following information:

Account information: Your name and account number.

Dollar amount: The dollar amount of the suspected error.

Date: The date 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 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 or electronically. You may

call us, but if you do we are not necessarily 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 communication, we must do two things:

1. Within 30 days of receiving your communication, we must tell you that we

received it. We will also tell you if we have already corrected the error.

2. Within 90 days of receiving your communication, 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 account.

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:

Your Rights If You Are Dissatisﬁed With Your Credit Card

1. If we made a mistake: You will not have to pay the amount in question or

any interest or other fees related to the amount.

2. If we do not believe there was a mistake: You will have to pay the amount

in question, along with the 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

contact us in writing or via email 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.

Purchase

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 to not pay the remaining amount due on the

purchase.

To use this right, 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, or if the company that

sold you the goods or services owns us.)

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.

If all of the criteria above are met and you are still dissatisﬁed with the purchase,

contact us in writing at:

First Internet Bank 

PO Box 6080 

Fishers, IN 46038

or via email at bank@ﬁrstib.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 do

not pay, we may report you as delinquent.

View a printer-friendly (PDF) version of the Credit Card Agreement.

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