Credit Card Agreement for Menards BIG Cards in Capital One,6 N.A.
There are two parts to this Credit Card Agreement: Capital One Pricing Information and the Capital One Customer
Agreement. The Pricing Information shows a range of terms that includes both mail and online offers for new accounts
available under this Agreement as of June 30, 2020. The combination of terms that could apply to you may differ depending
on the specific card offer and on your creditworthiness at the time of application. The Customer Agreement contains
important information related to consumer credit cards issued by Capital One, N.A. If you are a current Capital One
cardholder, please log in to your account if you would like to request the Credit Card Agreement for your account(s).
CAPITAL ONE PRICING INFORMATION
Annual Percentage Rate
24.99%.
(APR) for Purchases
This APR will vary with the market based on the Prime Rate.
How to Avoid Paying
Your due date is at least 25 days after the close of each Billing Cycle. We will not charge you
Interest on Purchases
interest on new purchases, provided you have paid your previous balance in full by the due
date each month.
For Credit Card Tips from
To learn more about factors to consider when applying for or using a credit card,
the Consumer Financial
visit the website of the Consumer Financial Protection Bureau at
Protection Bureau
http://www.consumerfinance.gov/learnmore
Annual Fee
None.
Penalty Fees
Late Payment
Up to $40.
How Do You Calculate My Balance? We use a method called "average daily balance (including new transactions)". See
the
"How Do You Calculate the Interest Charge?" section.
What Are My Billing Rights? Information on your rights to dispute transactions and how to exercise those rights is provided
in "Your Billing Rights Summary" on your Statement and other Truth-in-Lending Disclosures.
THINGS YOU SHOULD KNOW ABOUT THIS CARD
How Do You Calculate My Variable Rates? Your variable rates may change each month if the Prime Rate changes. Until
October 5, 2020, we will calculate variable rates by adding a percentage to the Prime Rate published in The Wall Street
Journal that is in effect on the last day of each month. After October 5, 2020, we will calculate variable rates by adding a
percentage to the Prime Rate published in The Wall Street Journal that is in effect on the 25th day of each month.
If the Journal is not published on the applicable day, then we will use the immediately preceding edition. Any change in the
Prime Rate will take effect on the first day of your Billing Cycle which begins in the next month: Purchase APR: Prime plus
21.74%. Any increase in the Prime Rate may increase your Interest Charges and your Minimum Payment.
What Are The Daily Periodic Rates Used To Calculate My Interest? The daily periodic rate for your Purchase APR is
0.06847%. See the "How Do You Calculate the Interest Charge?" section.
How Do You Calculate the Interest Charge? We use a method called Average Daily Balance (including new transactions).
Under this method, we first calculate your daily balance; for each Credit Plan, we 1) take the beginning balance and add in
new transactions and the periodic interest charge on the previous day's balance, then 2) subtract any payments and credits
for that Credit Plan as of that day. The result is the daily balance for each Credit Plan. However, if you paid your previous
month's non-promotional purchases balance in full (or if your balance was zero or a credit amount), new transactions which
post to your purchase or special purchase Credit Plans are not added to the daily balances. Also, transactions subject to a
grace period are not added to the daily balances.
Next, to find your Average Daily Balance we: 1) add the daily balances together for each Credit Plan, and 2) divide the sum by
the number of days in the Billing Cycle.
At the end of each Billing Cycle, we determine your Interest Charge as follows: 1) multiply your Average Daily Balance by the
daily periodic rate (APR divided by 365) for each Credit Plan other than Same As Cash Credit Plans, and 2) multiply the result
by the number of days in the billing period. For Same As Cash Credit Plans, if interest is applied, the interest is accrued from
the transaction date of the purchase through the current Billing Cycle. The Interest Charge for Same as Cash Credit Plans is
the total of:
the applicable daily periodic rate (APR divided by 365) for the current Billing Cycle times the daily balance for each day in
the current Billing Cycle; plus
the applicable daily periodic rate for each prior Billing Cycle times the daily balances of the Credit Plan for each day during
each prior Billing Cycle.
We add the Interest Charges for all Credit Plans together. The result is your total Interest Charge for the Billing Cycle.
NOTE: Due to rounding or a minimum interest charge, this calculation may vary from the Interest Charge actually assessed.
2020 Capital One. Capital One is a federally registered service mark. All rights reserved. Products and services offered by
Capital One, N.A. Capital One supports information privacy protection: see our website at www.capitalone.com.
Capital One Customer Agreement
Welcome to Capital One
Using Your Account
This credit card is issued by Capital One, N.A. and may be
(1) This Agreement applies whether or not you use your
used at participating retail locations that accept the Card.
Card or Account. It will continue to apply even after your
This Customer Agreement, including any changes to it
Account is closed, as long as you have a balance.
("Agreement"), contains the terms of your agreement with
(2) You must sign the Card immediately when you receive it.
Capital One.
(3) You must return the Card to us or destroy it if we ask
Definitions
you to.
(4) You must take reasonable steps to prevent the
The meanings of the terms you see in italics appear in the
unauthorized use of your Card and Account.
Glossary section at the end of this Agreement.
(5) We may decline to authorize a transaction for any
As used here, "you" and "your" mean each applicant and
reason. This may occur even if the transaction would
co-applicant for the Account; any person responsible
not cause you to go over your credit limit or your
for paying the Account; and any person responsible for
Account is not in default.
complying with this Agreement. "We", "us", "our" and
(6) We are not responsible for any losses you incur if we do
"Capital One" mean Capital One, National Association and
not authorize a transaction.
its agents, authorized representatives, successors and
(7) We are not responsible for any losses you incur if anyone
assignees.
refuses to accept your Card for any reason.
Account Documents
(8) You must not use, or try to use, the Card for any illegal
activity. You are responsible for any charges if you do.
The following documents govern your Account with us:
(9) We are not liable for any losses that may result when
(1) this Agreement;
our services are unavailable due to reasons beyond
(2) all Statements;
our control.
(3) any privacy notices;
Promotional Credit Plans
(4) all disclosures and materials provided to you before or
when you opened your Account;
From time to time, we may offer one or more promotional
(5) any other documents and disclosures relating to your
Credit Plans prior to or at the time of your purchase. Only
Account, including those provided online; and
certain purchases may be eligible for promotional Credit
(6) any future changes we make to any of the above.
Plans. These plans may have special repayment terms
and are conditioned on your timely payment of at least the
Please read these carefully and keep them for
required payment amount each Billing Cycle:
future reference.
(1) Waived Interest Charge Credit Plan - With this plan,
New Offers
there are no Interest Charges on your purchase for a
In the future, we may provide you with new offers that we
specified period.
think may interest you. The terms of these offers may differ
(2) Same As Cash Monthly Payment Credit Plan -
from the standard terms on your Account. This Agreement
With this plan, there are no Interest Charges on your
will still apply.
purchase if you repay the full cash price of the purchase
Account Information
before the promotional expiration date shown on your
We need information about you to manage your Account.
Statement. If you do not repay in full by the promotional
This includes:
expiration date, Interest Charges will be imposed on the
promotional purchase from the purchase date.
(1) your legal name,
(2) a valid U.S. mailing address and residential address
(3) Reduced Rate Credit Plan - With this plan, you will
(if different),
receive a reduced Annual Percentage Rate (APR) on
(3) your date of birth,
your purchase for a specified period.
(4) your Social Security number or other government
Authorized Users
identification number,
If you ask us to issue a Card to any other person, they are
(5) your telephone number(s), and
an Authorized User. We may require certain information
(6) your employment and income information.
about them. We may limit their ability to use your Card.
You must tell us when this information changes. We may
They may have access to certain information about your
ask you for additional documents to verify any changes.
Account. You will be responsible for their use of the
We may restrict or close your Account if we cannot verify
Account and anyone else they allow to use your Account,
your information, or if you do not provide it as requested.
even if you did not want, or agree to, that use.
Credit Limits
Removing an Authorized User
When you open your Account, we will tell you your credit limit.
If you want to remove an Authorized User from your
This will also appear on your Statement. We may also refer to
Account, you must contact Customer Service and request
your credit limit as your credit line.
their removal. You also must immediately destroy all Cards
You are responsible for keeping track of your balance and
in their possession and cancel any arrangements they may
your available credit. You must manage your Account to
have set up on your Account. They will be able to use your
Account until you have notified us that you are removing
remain below your credit limit. We may honor transactions
above your credit limit, but if we do, these transactions
them from your Account. During this time, you will still be
will not increase your credit limit. You are responsible for
responsible for all amounts they charge to your Account.
You will be responsible even if these amounts do not
paying for any transaction you make above your credit limit.
appear on your Account until later.
We may also increase, decrease, restrict or cancel your
Authorized Users may remove themselves from your
credit limit at any time. This will not affect your obligation to
Account upon request. We reserve the right to remove
pay us.
them from your Account for any reason. To remove them
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from your Account, we may close your existing Account
order to continue to avoid interest on new non-promotional
and issue a new Card with a new Account number.
purchases, you must also add payment in full of any such
Your Promise to Pay
remaining Same as Cash Credit Plan balance.
You promise to pay us all amounts due on your Account.
For Same as Cash plans, we will not charge you interest
This includes amounts where you did not sign a purchase
on your promotional purchase if you repay the full amount
slip or other documents for the transaction. We will treat
of the purchase before the expiration date shown on your
transactions made without presenting your actual Card
Statement. If you do not repay the promotional purchase in
(such as for mail, telephone, Internet or mobile device
full by the expiration date, Interest Charges will be imposed
purchases) the same as if you used the Card in person. If
on the promotional purchase from the date of the purchase.
you let someone else use your Card, you are responsible
We will generally treat Fees as purchase transactions
for all transactions that person makes.
unless otherwise specified below. These Fees apply to your
Statements
Account only if your Truth-in-Lending Disclosures provide for
We will generally send or make available to you one
them. We may increase your Interest Charges and Fees as
Statement for all Cards on your Account at the end of each
described in the Changes to Your Agreement section or in
Billing Cycle. Under certain circumstances, the law may not
your Truth-in-Lending Disclosures.
require us to send or make available to you a Statement, or
Late Payment Fee
may prohibit us from doing SO.
We may charge you this Fee if we do not receive your
Disputed Transactions
payment as instructed on your Statement by the payment
You must inspect each Statement you receive. Tell us
due date.
about any errors or questions you have, as described in
Returned Payment Fee
the "Billing Rights Summary" on your Statement and other
We may charge you this Fee each time your financial
Truth-in-Lending Disclosures. If you do not notify us of an
institution for any reason rejects a payment you make to us.
error, we will assume that all information on the Statement
is correct.
Minimum Payment
If we credit your Account for all or part of a disputed
You must pay us at least the minimum payment due by
the payment due date. The minimum payment for your
transaction, you give us all of your rights against others
Account includes the minimum payment due on each
regarding that transaction. You will also:
Credit Plan. Your Statement will tell you:
(1) give us any information about the disputed transaction,
(1) the minimum payment due,
if we ask;
(2) not pursue any claim or reimbursement of the
(2) your new balance,
(3) the payment due date and
transaction amount from the merchant or any other
(4) an explanation of when the payment must reach us for
person; and
us to consider it received as of that date.
(3) help us get reimbursement from others.
No Warranties
Returns and other credits to your Account will reduce your
Account balance, but they will not change your minimum
We are not responsible for any claim you may have
payment amount.
regarding the purchase of goods or services made with
your Card beyond your rights described in the "Billing
In addition to the minimum payment, you may pay all or
Rights Summary" on your Statement.
part of the total balance on your Account. But, you must
still pay at least the minimum payment amount each
Lost or Stolen Card
month, even if you paid more than the minimum payment
If your Card is lost or stolen or if you think someone
due on the previous Statement. We will continue to charge
else may be using your Card or Account number without
Interest Charges during Billing Cycles when you carry a
your permission, you must contact Customer Service
balance regardless of whether your Statement includes
immediately. You will not be responsible for transactions on
a minimum payment that is due. If your Account is 180
your Account that we find are unauthorized.
days past due, is part of a bankruptcy proceeding, or is
If we reimburse you for unauthorized transactions, you will
otherwise charged off, the total balance is immediately due
help us investigate, pursue and get reimbursement from the
and payable.
wrongdoer. Your help includes giving us documents in a form
Making Payments
that we request.
Your payment must be made in U.S. dollars from a U.S.
Interest Charges and Fees
deposit account in a form acceptable to us. We do not
We will charge Interest Charges and Fees to your Account
accept cash payments through the mail. You may not make
as disclosed on your Statement and other Truth-in-Lending
payments with funds from your Account or any other credit
Disclosures. In general, Interest Charges begin to accrue
account with us or any other company in the Capital One
from the date of a purchase. However, we will not charge
organization. You must send mailed payments to us as
you interest on any new purchases posted to your Account
instructed on your Statement, unless we tell you otherwise.
if you paid the total balance of your Account in full by the
Other Payment Services
due date on your Statement each month.
We may make services available that allow you to make
If you have a Same as Cash, Waived Interest Charge or
faster or recurring payments online or by telephone. We
Reduced Rate Credit Plan balance and the promotional
will describe the terms for using these services and any
period does not expire before your payment due date,
applicable Fee before you use them. You do not have to use
we will exclude that promotional plan balance from the
these other payment services.
amount you must pay in full to avoid Interest Charges on
We are not responsible if your financial institution rejects a
new non-promotional purchases. However, you must still
payment made using our payment services.
make any required payment on that excluded promotional
balance. Additionally, during the last two full Billing Cycles
If you ask someone else to make a payment for you, we
prior to expiration of any Same as Cash Credit Plan, in
may provide that person with limited Account information
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necessary to set up and process that payment. We may
Account Default
also refuse to accept that payment. If we do accept it, you
You will be in default if:
will be responsible for that payment even if a financial
institution rejects it.
(1) you do not make any payment when it is due;
(2) any payment you make is rejected, not paid or cannot
Payment Processing
be processed;
We may accept and process payments without losing
(3) you exceed a credit limit;
any of our rights. We may delay the availability of credit
(4) you file or become the subject of a bankruptcy or
until we confirm that your payment has cleared. This
insolvency proceeding;
may happen even if we credit your payment to your
(5) you are unable or unwilling to repay your obligations,
Account. We may resubmit and collect returned payments
including upon death or legally declared incapacity;
electronically. If necessary, we may adjust your Account to
(6) we determine that you made a false, incomplete or
correct errors, process returned and reversed payments
misleading statement to us, or you otherwise tried to
and handle similar issues.
defraud us; or
When you send us an Item as payment, you authorize
(7) you do not comply with any term of this Agreement or
us to make a one-time electronic fund transfer from your
any other agreement with us.
deposit account. You also authorize us to process the
If you are in default, we may take certain actions with
payment as an Item. We may withdraw the funds from
respect to your Account. For example, depending on the
your deposit account as early as the same day we receive
default, we may take the following actions, without notifying
your payment. You will not receive your Item back from
you, unless the law says that we must give you notice:
your bank. We will provide additional information about this
process on your Statement.
(1) charge you Fees, or change the APRs and Fees on
your Account, if provided in your Truth-in-Lending
We may use the information from an Item to create an
Disclosures;
electronic image. We may collect and return the image
(2) close or suspend your Account;
electronically. This electronic image may also be converted
(3) lower your credit limit(s);
to a substitute check and may be processed in the same
(4) demand that you immediately pay the total balance
way we would process an Item. We will not be responsible
owing on your Account;
if an Item you provide has physical features that when
(5) continue to charge you Interest Charges and Fees as
imaged result in it not being processed as you intended.
long as your balance remains outstanding; and/or
How We Apply Your Payments
(6) file a lawsuit against you, or pursue another action that
In each Billing Cycle, we generally apply payments up to
is not prohibited by law. If we file a lawsuit, you agree to
your minimum payment amount to satisfy the minimum
pay our court costs, expenses and attorney fees, unless
the law does not allow us to collect these amounts.
payment due on each Credit Plan, first to the lowest APR
Credit Plan balance and then to higher APR Credit Plan
Communications
balances. We apply any part of your payment exceeding
You agree that we may communicate with you by mail,
your minimum payment to the balance with the highest
telephone, email, fax, prerecorded message, automated
APR, and then to balances with lower APRs.
voice, text message or other means allowed by law
If your Account has a Same as Cash Credit Plan balance,
regarding your Account.
we will treat that balance as having a 0% APR for this
You agree that we may contact you at any telephone
purpose, until the last two Billing Cycles of the promotional
number (including a mobile telephone number that you
period. During the last two full Billing Cycles of the
provide us), and use an automated telephone dialing
promotional period, we will apply payments exceeding the
system or similar device to do so. You agree that we may
minimum payment to the Same as Cash Credit Plan(s)
monitor or record any conversation or other communication
that is expiring, in the order of expiration date.
with you.
Items with Restrictive Words, Conditions,
Credit Reports
or Instructions
We may report information about your Account to credit
You must mail all Items bearing restrictive words,
bureaus and others. Late payments, missed payments or
conditions, limitations or special instructions to:
other defaults on your Account may be reflected in your
Capital One
credit report. Information we provide may appear on your
PO Box 1330
and the Authorized Users' credit reports.
Charlotte, NC 28201-1330
If you believe that we have reported inaccurate information
This includes Items marked "Paid in Full" or similar
about your Account to a credit bureau or other consumer
language. This also includes all accompanying
reporting agency, notify us in writing at PO Box 30258,
communications.
Salt Lake City, UT 84130-0258. When you write, tell us the
specific information that you believe is incorrect and why
If you make such a payment or send any accompanying
you believe it is incorrect.
communications to any other address, we may reject it
and return it to you. We may also accept it and process it
We may obtain and use credit, income and other
without losing any of our rights.
information about you from credit bureaus and others as
the law allows.
Credit Balances
We may reject and return any payment that creates or
Closing or Suspending Your Account
adds to a credit balance on your Account. Any credit
You may contact Customer Service to ask us to close
balance we allow will not be available until we confirm that
your Account.
your payment has cleared. We may reduce the amount of
We may close or suspend your Account at any time and for
any credit balance by any new charges. You may write to
any reason permitted by law, even if you are not in default.
the address provided on your Statement or call Customer
Service to request a refund of any available credit balance.
If we close or suspend your Account for any reason,
you must stop using your Card. You must also cancel all
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billing arrangements set up on the Account. If we close or
Glossary
permanently suspend your Account, you must return or
"Account" means your Card Account with us.
destroy all Cards. You must still pay us all amounts you
owe on the Account.
"Authorized User" means a person who may use
the Card but is not responsible for the repayment of
Changes to Your Agreement
the Account.
At any time, we may add, delete or change any term of
this Agreement, unless the law prohibits us from doing SO.
"Billing Cycle" means the period of time reflected
We will give you notice of any changes as required by law.
on a Statement. This period may vary in length, but is
We may notify you of changes on your Statement or in a
approximately 30 days. You will have a Billing Cycle even if
separate notice. Our notice will tell you when and how the
a Statement is not required. We will often specify a Billing
changes will take effect. The notice will describe any rights
Cycle by the month in which its closing date occurs. For
you have in connection with the changes.
example, a "March Billing Cycle" will have a closing date
in March. We may also refer to a Billing Cycle as a "Billing
Your variable APRs (if applicable) can go up or down as
Period". If your Account balance has charged off, we may
the index for the rate goes up or down. If we increase your
switch to quarterly Billing Cycles for your Account.
APRs for any other reason, or if we change your Fees or
other terms of your Account, we will notify you as required
"Card" means any Capital One credit card associated
by law.
with your Account. This includes all renewals and
substitutions. It also means any other access device for
The Law That Applies to Your Agreement
your Account we give you that allows you to obtain credit,
We make decisions to grant credit and issue you a Card
including any Account number.
from our offices in Virginia. This Agreement is governed
"Credit Plans" mean the different parts of your Account
by applicable federal law and by Virginia law. If any part of
we may establish that are subject to unique APRs, pricing
this Agreement is unenforceable, the remaining parts will
remain in effect.
or other terms. The sum of your Credit Plan balances
equals your total Account balance.
Waiver
"Fees" mean charges imposed on your Account not
We will not lose any of our rights if we delay or choose not
based on the Annual Percentage Rates.
to take any action for any reason. We may waive our right
without notifying you. For example, we may waive your
"Interest Charges" mean any charges to your Account
Interest Charges or Fees without notifying you and without
based on the application of Annual Percentage Rates.
losing our right to charge them in the future.
"Item" means a check, draft, money order or other
Assignment
negotiable instrument you use to pay your Account. This
This Agreement will be binding on, and benefit, any of your
includes any image of these instruments. This does not
include an Access Check.
and our successors and assigns. You may not sell, assign
or transfer your Account or this Agreement to someone
"Statement" means a document showing important
else without our written permission.
Account information, including all transactions billed to
We may sell, assign or transfer your Account and this
your Account during a Billing Cycle and information about
Agreement without your permission and without prior
what you must pay. We may also refer to your Statement
notice to you. Any assignee or assignees will take our
as a "Periodic Statement" or a "Billing Statement".
place under this Agreement. You must pay them and
"Truth-in-Lending Disclosures" means disclosures
perform all of your obligations to them and not us. If you
that the federal Truth in Lending Act and Regulation Z
pay us after we notify you that we have transferred your
require for any Account. This includes your application
Account or this Agreement, we can return the payment to
and solicitation disclosures, Account opening disclosures,
you, forward the payment to the assignee or handle it in
subsequent disclosures, Statements and change in terms
another way that is reasonable.
notices.
CapitalOne
2020 Capital One
Capital One is a federally registered service mark.
All rights reserved.
BR411057 M-131165
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