Cenex® Consumer Credit Card Terms and Conditions (this “Agreement”) 

1. 
 Definitions.  In this Agreement “we,” “us,” and “our” mean CHS Inc. or anyone to whom 
we may transfer this Agreement.  “You,” and “your” mean each person, including a joint applicant, 
who is approved by us for a Cenex® Consumer Credit Card Account (the “Account”), and each 
and all of the persons who are authorized to use the Account.  All of your debts and agreements in 
this Agreement are joint and several.  “Card” refers to the credit card that we issue to you to allow 
you to make purchases from time to time under your Account and this Agreement, and any 
duplicates, renewals or substitutions of each Card.  “Disclosure” means the Credit Card Account 
Opening Disclosure, which is incorporated into this Agreement and is part of this Agreement. This 
Agreement goes in effect when we notify you that your application is approved or if you make a 
purchase.   “Your state of residence” means the state in the address of the Applicant in the 
Application.  “Finance Charge(s)” means any charge payable directly or indirectly by you and 
imposed directly or indirectly by us as a condition of, or incident to, an extension of credit and 
includes interest and minimum charges.  Please read this Agreement carefully.  By using or 
accepting the Card, you agree to everything in this Agreement.  You agree that your Account will 
be used primarily for personal, family or household purposes. 

Payment Agreement.  In return for our extensions of credit to you, you agree to pay in 

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U.S. dollars for all your purchases of goods or services, plus all Finance Charges and other fees and 
charges under this Agreement and, to the extent permitted under applicable law, attorney’s fees and 
collection costs we incur in enforcing this Agreement against you.   You may pay the total amount 
owing on your Account at any time.  You agree to the Finance Charge and other fees and charges 
in this Agreement.   

3. 
Credit Limit.  We will set and tell you your credit limit.  The credit limit is the maximum 
amount available under the Account at any time.  Under certain circumstances, your Account may 
exceed the credit limit and you will be responsible for the full amount of the credit limit as well as 
any amounts owed that exceed the credit limit including fees and interest charges.  You agree not 
to charge purchases over your credit limit. We have the right to change your credit limit from time 
to time. 

Interest.  (a)  The interest charge (which is a Finance Charge based on an Annual 
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Percentage Rate) is the amount we add to your Account for allowing you to pay only a portion of 
your balance each month.  An interest charge begins to accrue when the purchase is posted to your 
Account.  You will not incur any interest charge if your balance at the end of the billing cycle is 
paid in full within 25 days after the end of each billing cycle.  The applicable Annual Percentage 
Rates are shown in the table below.  There is no annual fee for the Card. 

State of Residence 

All States Not Listed 
MN 
AR 
MD, TX, WV 
CT, PA 

Dollar Amounts or 
Balances 
All  
All  
All 
All 
All 

Annual Percentage Rate 
(APR)  
18% 
16% 
5% 
12% 
15% 

Daily Periodic Rate 

.049315% 
.0438356% 
.0136986% 
.0328767% 
.0410958% 

(b)  Unless prohibited by applicable law, if interest charges are imposed and the 
total interest that results from application of the calculation in the next section is less than $0.50, 
we will impose a Minimum Interest Charge of $0.50 (which is a Finance Charge). 

 
 
 
 
 
 
 
 
 
Calculating the Interest Charge.  We figure the interest charge on your Account by 

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applying the applicable periodic rate to the “average daily balance” of your Account.  To get the 
“average daily balance” we take the beginning balance of your Account each day, add any new 
purchases for the current billing cycle (except we do not add any new purchases for Minnesota, 
Montana or Mississippi residents), and subtract any unpaid interest or other Finance Charges and 
any payments or credits.  This gives us the daily balance.  Then we add up all the daily balances for 
the billing cycle and divide the total by the number of days in the billing cycle.  This gives us the 
“average daily balance.”   

The information about the costs of the Card and other disclosures described in this Agreement is 
printed and accurate as of the date of printing in December 2013.  This information may have 
changed after that date of printing.  To find out what may have changed, write to us at CHS Inc., 
Attn:  CHS Payment Solutions, P.O. Box 64089, St. Paul, Minnesota 55164-0089. 

Periodic Statement/Minimum Payment.  Each month we will send you a billing 

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statement as of a billing cycle closing date.  The statement will show your previous balance, the 
current transactions on your Account, the remaining credit available under your credit limit, the 
new balance, the minimum payment, and your payment is due date. The due date is the date by 
which we must receive your payment in order for it to be on time. Your due date will always fall on 
the same calendar day of the month. It will be at least 21 days from the date that we send you the 
bill, and at least 25 days from the end of your most recently ended billing period. To be on time, we 
must receive your payment on or before the due date and by the time stated on your bill. If the bill 
does not state a time, then your payment is on time if we receive it by 5 pm on the due date. The 5 
pm deadline is measured in the time zone in which we receive the payment, which may not be your 
time zone. If we do not receive or accept payments by mail on the due date, your payment will be 
on time if it is received by the next day that we accept or receive payments by mail.  Each month 
you will pay at least the minimum payment before the date the payment is due.  You may pay more 
than the minimum payment, or pay the new balance in full, and reduce or avoid the Finance 
Charge.  The minimum monthly payment will be 1/24 of your new balance or $20, whichever is 
greater, plus any past due amount. Also, if you have gone over your credit limit, your minimum 
monthly payment will include the full amount of the excess.  Payments will be applied first to the 
Finance Charge, second to other fees and charges under this Agreement, and finally to the 
outstanding balance on your Account. 

Payment-Related Fees.   (a)  Dishonored Payment Fee. To the extent permitted by law, if 

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any check or other payment you present to us is returned unpaid, you will pay us a dishonored 
payment fee under this Agreement in the amount allowed by your state of residence.  If your State 
of residence is not listed below, the fee assessed will be $20.00.   

DE, MS,SD                                                                                                                                          $40.00 
AL, GA, HI, MN, MT, ND, SC, TN, WY                                                                                           $30.00 
CO, IN, LA, NH, NC, OK, OR                                                                                                            $25.00                                                                                                                                
MD, MO, NE, TX                                                                                                                                $15.00 
AZ, KS                                                                                                                                                 $10.00 

(b)  Expedited Payment Fees.  A charge of $10.00 will be assessed for payments 

made over the phone with one of our service representatives using a checking account, a debit card 
or credit card.  This charge will not be assessed to residents of KY or TN. 

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[(c)  ARE THERE OTHER FEES: Late fees, over limit fees, copy fees, 

replacement card fees, ATM surcharges, cash advance fees, balance transfer fees, foreign 
transaction fees.  In addition to having these here, they should be set forth on the Disclosures]. 

Changes in Terms and Termination.  We may change this Agreement from time to time 

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by notifying you in writing.  Your use of the Account after we notify you of any change will 
indicate your acceptance to the change.  If the change is a “significant change” in account terms (as 
defined by applicable federal law), including changes in interest rates or fees imposed under this 
Agreement, we will give you at least 45-days notice before the effective date of the change.  You 
have the right to reject these changes.  However, if you do reject such changes you will not be able 
to use your Account for new transactions and the existing terms and conditions will continue to 
apply until your balance on the Account, if any, is repaid.  You can reject the changes by writing to 
us at CHS Inc., Attn: Payment Solutions, P.O. Box 64089, St. Paul, MN 55164-0089 or calling us 
at 1-800-462-5621 or faxing us at 1-888-643-6987.  We reserve the right to terminate your Account 
without notice unless otherwise required by law. 

Credit Reports and Account Information.  You give us permission to request 

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information about you and to make whatever inquiries about you we consider necessary and 
appropriate (including obtaining information from third parties and requesting consumer reports 
from consumer reporting agencies) to consider your application for this Account, and for any 
updates, renewals or extensions of credit, and to review or collect your Account.  Upon your 
request we will tell you whether a consumer report was requested and the name and address of any 
consumer reporting agency that furnished the report.  You also authorize us to report information 
concerning you or your Account, including information concerning your performance under your 
Account, to credit bureaus and others who may properly receive such information.  You understand 
that we may provide a negative credit report to a credit-reporting agency if you do not comply with 
this Agreement.  At our request, you will give us more financial information about you from time 
to time. 

10. 
Default and Our Rights.  You will be in default if:  You do not make a payment on time; 
or You do not otherwise comply with this Agreement or any other Agreement with us; or You go 
into bankruptcy, or a receiver or trustee is appointed for you or any of your property; or You die; or 
You make any written or oral statement to us that is false or misleading.  If you go into bankruptcy, 
the full amount of your debt under this Agreement (including principal, Finance Charges, and other 
fees and charges) will automatically become due.  Also, if you are in default, to the extent 
permitted by law, we may do one or more of the following:  (a) at our option the full amount of 
your debt under this Agreement (including principal, Finances Charges, and other fees and charges) 
will become due; (b) we may limit the amount of credit extended under your Account; (c) we may 
suspend or cancel your Account; (d) we may accept late or partial payments without losing any of 
our rights; and (e) we may take any other action permitted by law.  This Agreement remains in 
effect until we receive payment of the full amount of your debt under this Agreement in cash and 
your Account is cancelled.  If allowed by law, at our request you will pay all of our reasonable 
attorneys’ fees, legal expenses, and other costs and expenses to collect any debt or enforce any 
rights under this Agreement.  Before and after default, we may refuse or honor unsigned Cards. 

11. 
Unauthorized Use of Cards.  If we approve your application and we accept this 
Agreement, we issue the Card.  The Card remains our property, and you will surrender the Card to 
us at our request.  You agree to immediately notify us if the Card is lost or stolen or if there is any 
unauthorized use of the Card by writing us at CHS Inc., Attn: Payment Solutions, P.O. Box 64089, 
St. Paul, MN  55164-0089 or calling us at 1-800-462-5621 or faxing us at 1-888-643-6987.  You 
will not be liable for any unauthorized use that occurs after you notify us of the loss, theft or 

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possible unauthorized use.  You may, however, be liable for any unauthorized use that occurs 
before you notify us.  In any case, your liability will not exceed $50. 

12.  Miscellaneous.  If any provision of this Agreement is not allowed by any law, the 
provision will be automatically changed to conform to the law and the other provisions of this 
Agreement will remain in effect.  This Agreement will survive termination of your Account. 

Governing Law.  This Agreement is made and entered into in Minnesota.  We make 

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decisions about granting credit and we accept payments at our corporate office in Minnesota.  The 
Finance Charge and other fees and charges under this Agreement are governed by the laws of your 
state of residence.  The other terms of this Agreement are governed by Minnesota law. 

Telephone Monitoring.  We treat every customer call confidentially.  To ensure that you 

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receive accurate and courteous customer service, on occasion your call may be monitored. 

15.  Waiver.  No delay or omission to exercise rights will impair any such rights or will be a 
waiver of any default or rights. 

16. 
Irregular or Partial Payments.  We may accept late payments or partial payments, which 
are less than the total minimum due, whether or not marked as payment in full, without losing any 
of our rights under this Agreement. 

Use of Information.  We do not sell, rent, or publish any information that you provide in 

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this Agreement, except to perform a credit check with a credit bureau. 

NOTICE:  ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO 
ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST 
THE SELLER OF THE GOODS AND SERVICES OBTAINED PURSUANT HERETO OR 
WITH THE PROCEEDS HEREOF.  RECOVERY HEREUNDER BY THE DEBTOR 
SHALL NOT EXCEED AMOUNT PAID BY THE DEBTOR HEREUNDER. 

Automated Facilities.  You may be able to make automated fuel purchases, which is 

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purchases of petroleum products or oil obtained on credit through electronic card operated 
terminals at certain locations accepting the Card.  At such locations, you will be provided fully 
automated fueling facilities, which allow you to purchase such products by presenting the Card to 
an unattended card reading machine. You agree that use of the Card (with a driver identification 
number, if applicable, to the Account) and the corresponding entry of sales data through the 
electronic card system will evidence your agreement to pay for such purchases. You also agree to 
comply with the provisions of the "Automated Self Service Agreement," the terms of which are 
contained in the enclosed pamphlet. 

19.         State Law Disclosures.  [WE HAVE NOT REVIEWED FOR SPECIFIC STATE 
LAW DISCLOSURES – THIS SECTION SHOULD BE CONSIDERED AND UPDATED AS 
NECESSARY WHEN THE STATE SPECIFIC DISCLOSURES ARE REVIEWED.] 

WISCONSIN RESIDENTS ONLY:  No provision of a marital property agreement, unilateral 
statement under Wis. Stat.§766.59, or a court decree under Wis. Stat. §766.70 shall adversely affect 
a creditor’s interest unless a creditor, prior to the time credit is granted, is furnished with a copy of 
the agreement, statement or decree or has actual knowledge of the adverse provision when the 
obligation to the creditor is incurred. 

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NEW YORK RESIDENTS ONLY:  Consumer reports may be requested in connection with the 
processing of the enclosed application and any resulting account or update, renewal, or extension 
of the account.  Upon your request, we will tell you whether or not a consumer report was 
requested and the names and addresses of any consumer reporting agencies that have provided us 
with such reports. 

OHIO RESIDENTS ONLY:  The Ohio laws against discrimination require that all creditors make 
credit equally available to all credit worthy consumers and that credit reporting agencies maintain 
separate credit histories on each individual upon request.  The Ohio Civil Rights Commission 
administers compliance with this law. 

WASHINGTON RESIDENTS ONLY:  A service charge will be computed on the outstanding 
balance for each month (which need not be a calendar month) or other regular period agreed upon, 
and the customer may at any time pay his or her total unpaid balance. 

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: 

CHS Inc. 
Attn:  CHS Payment Solutions 
P.O. Box 64089 
St. Paul, Minnesota 55164-0089 

You may also contact us on the Web at www.Cenex.com and click on CONTACT US, click the 
email address creditcarddept@chsinc.com. 

In your letter, give us the following information: 

*Your name and account number.  *The dollar amount of the suspected error.  *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 or, if applicable, 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 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 

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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: 1) We cannot try to collect the amount 
in question, or report you as delinquent on that amount. 2) The charge in question may remain on 
your statement, and we may continue to charge you interest on that amount.  3) While you do not 
have to pay the amount in question, you are responsible for the remainder of your balance.  4) We 
can apply any unpaid amount against your credit limit. 

After we finish our investigation, one of two things will happen:  1)  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.  2)  
If we do not believe there was a mistake: You will have to pay the amount in question, along with 
applicable interest and fees. We will send you a statement of the amount you owe and the date 
payment is due. We may then report you as delinquent if you do not pay the amount we think you 
owe. 

If you receive our explanation but still believe your bill is wrong, you must write to us within 10 
days telling us that you still refuse to pay. If you do so, we cannot report you as delinquent without 
also reporting that you are questioning your bill. We must tell you the name of anyone to whom we 
reported you as delinquent, and we must let those organizations know when the matter has been 
settled between us. 

If we do not follow all of the rules above, you do not have to pay the first $50 of the amount you 
question even if your bill is correct. 

Your Rights If You Are Dissatisfied With Your Credit Card Purchases 

If you are dissatisfied with the goods or services that you have purchased with your credit card, and 
you have tried in good faith to correct the problem with the merchant, you may have the right not 
to pay the remaining amount due on the purchase.  To use this right, all of the following must be 
true:  1) The purchase must have been made in your home state or within 100 miles of your current 
mailing address, and the purchase price must have been more than $50. (Note: 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; and 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: CHS Inc., Attn:  CHS Payment Solutions, P.O. Box 64089, St. Paul, 
Minnesota  55164-0089, or www.Cenex.com and click on CONTACT US, and click the email 
address creditcarddept@chsinc.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. 

December 2013 

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