F03-L433-5-0216 
SFNB-531    

VISA PLATINUM CORPORATE CREDIT CARD 
ACCOUNT  
MEMBERSHIP RULES 
Amended March 2016 

   The  words  “I”,  “we”,  “me”,  “my”  and  “us”  will  mean  the  firm 
making  application  for  membership  in  the  credit  card  system 
operated  by  the  Bank,  together  with  each  and  all  individuals 
(cardholders)  authorized  to  receive  a  card  in  such  firm's  name. 
"Firm" means the firm making application for membership in the 
credit  card  system  operated  by  the  Bank.    “Card”  means  Visa 
Platinum  credit  card  owned  and  issued  by  the  Bank.    “Bank” 
means Simmons Bank, Pine Bluff, Arkansas, U.S.A. 
Follow the Rules - 
    I agree to accept and comply with these membership rules. If I 
fail  to  follow  the  membership  rules,  the  Bank  can  cancel  my 
membership  and  may  demand  immediate  payment  of  all 
amounts  I  owe.  The  Bank  may  amend  the  rules  from  time  to 
time.  If the amendment is a significant change in account terms, 
the  Firm  will  be  given  an  opportunity  to  opt-out  of  the  proposed 
amendment  in  accordance  with  applicable  law  and  regulations. 
In the event of an amendment to the rules, I agree to accept and 
comply  with  the  amended  rules,  unless  a  right  to  opt  out  is 
granted and the Firm timely exercises such right to opt out of the 
proposed amendment to the rules. 
Annual Fee –  
     The Firm agrees to pay an annual membership fee of $19.50 
per  card  for  Visa  Platinum credit  card  account.   The  annual  fee 
will  be  added  to  my  account  balance  and  appear  on  my 
statement  in  a  month  selected  by  the  Bank.    In  subsequent 
years,  I  will  be  given  prior  notice  of  the  renewal  of  my  Card 
account on my monthly statement before the annual membership 
fee is assessed and instructions on terminating my Card account 
if I choose not to renew.  
Verification of Identity and Creditworthiness- I agree that the 
Bank may, and acknowledge that the Bank will, request 
information from me and from third parties to verify my identity 
and the identity of any other persons authorized to use my Card.  
Further, I agree that the Bank may obtain consumer reports 
about me to determine my identity, eligibility for credit, renewal of 
credit and future extensions of credit for as long as this Card 
membership exists. I agree that I must maintain satisfactory 
creditworthiness to continue this Card membership and any 
determination by the Bank of unsatisfactory credit or filing of 
bankruptcy is grounds for termination of this Card membership.        
Card Usage - 
    I  understand  that  my  Card  can  be  used  at  designated 
locations  throughout  the  world  to  purchase  goods  and  services, 
to obtain cash advances and to transfer funds between accounts 
the Firm designates.  The Bank is not responsible for the refusal 
of  anyone  to  honor  my  Card.    Paper  transactions  or  electronic 
transactions will not be final until they are received by the Bank.  
Transactions are governed by the laws of Arkansas and the laws 
of the United States of America.  From time to time the operation 
of  cards  issued  by  the  Bank  may  be  suspended  in  specified 

to  be  unlawful. 

transaction  determined 

foreign  countries  or  specific  regions  thereof,  due  to  ongoing 
fraudulent  activities involving credit cards.  Due to the  nature  of 
such fraudulent activities, the Bank is unable to provide advance 
notice or the duration of any such suspension.    If I use my Card 
in  a  check  guarantee  system,  I  agree  to  allow  the  check  to  be 
handled as a credit card cash advance if the check is not paid. I 
agree  not  to  use  my  Card  for  any  type  of  Internet  gambling 
transaction.  Further, I agree not to use my Card for any unlawful 
transaction and acknowledge that the Bank may refuse to honor 
any 
  Restricted 
transactions,  involving  the  acceptance  of  any  credit,  funds, 
instrument, or other proceeds from another person in connection 
with  unlawful  Internet  gambling,  are  prohibited  from  being 
processed  through  my  Card  account.   The  Firm  acknowledges 
its responsibility to pay for goods and services obtained through 
the use of my Card, even if such good or services were obtained 
in an unlawful transaction.  
Responsibility for Card Use - 
    I  understand  that  the  Firm  is  responsible  for  the  use  of  all 
Cards issued with this membership.  I will not allow  the  Card(s) 
to be used by unauthorized person(s). I understand that the Firm 
will  be  liable  for  all  transactions  through  the  use  of  any  Card(s) 
to  whether  such  use  was  authorized  or 
without  regard 
unauthorized, including but not limited to liability for use of a lost 
or stolen Card. 
Notification - 
    For  my  own  protection  and  for  the  protection  of  the  Bank,  I 
agree to promptly notify the Bank if I discover my Card has been 
lost or stolen, or if I suspect the Card has been used without my 
authorization. 
Card Ownership -  
    I  understand  as  a  member  and  Cardholder  that  I  do  not  own 
my Card.  When requested to do so I will surrender  my Card to 
the  Bank  or  to  a  person  designated  by  the  Bank.    I  understand 
that  any  or  all  privileges  to  use  my  Card  may  be  modified  or 
canceled by the Bank at any time without notice to me. 
Promise to Pay -  
     The  Firm  promises  to  pay  to  the  order  of  Simmons  Bank  all 
transactions in which I have used Bank funds as a result of the 
use of my Card.  If the funds involve cash advances or if the New 
Balance  is  not  paid  as  provided  in  these  rules,  the  Firm  also 
agrees  to  pay  the  transaction  fees  and  finance  charge  as 
described below. 
     The Firm must pay all bills or invoices, including the minimum 
payment shown on my monthly statement on time (on or before 
payment  due  date)  and  in  U.S.  Dollars.    The  Bank  does  not 
waive its right to collect the full amount due if I pay late or I pay 
part  of  the  bill,  even  if  I  write  the  words  “paid  in  full”  (or  similar 
words) on any correspondence to the Bank. 
Available Credit Limit -  
    The  Bank  will  supply  a  monthly  statement  listing  the  amount 
and location of all transactions posted prior to the closing date of 
the  statement.    I  agree  to  limit  my  transactions  so  that  my 
balance will stay within the available credit limit approved for me 
by the Bank and listed on the statement.  The Bank may refuse 
to  honor  transactions  that  would  cause  my  account  balance  to 

exceed my available credit limit.  My available credit limit will be 
restored  to  reflect  a  payment  after  the  Bank  receives  final 
payment on my check or other payment method.  The Bank may 
increase  or  decrease  my  available  credit  limit  or  my  available 
cash  advance  credit  limit  without  notice.    The  Bank  will  not 
increase my available credit limit without considering my ability to 
make  the  required  payments  on  my  Card  account.  The  credit 
available  for  my  use  may,  from  time  to  time,  be  less  than  my 
available  credit  limit.    My  available  credit  limit  will  not  be 
increased by the amount of any credit balance. 
Billing –  
     If  there  is  a  debit  or  credit  balance  of  $1.00  or  more  on  my 
account, the Bank will mail or deliver a monthly statement to the 
Firm  not  less  than  21  days  prior  to  the  payment  due  date 
specified in the statement.  I am responsible for maintaining my 
current  mailing  address  on  file  with  the  Bank.  The  Bank  may 
consider  me  to  have  received  any  notice  mailed  to  me  at  the 
current address on the Bank's records. 
Billing Errors –  
     Transactions listed on my statement will be presumed correct 
unless I notify the Bank of an error in writing within 60 days of my 
statement mailing date.  (NOTICE:  The procedures for notifying 
us of errors on your monthly statement were disclosed upon the 
opening  of  your  account  and  at  least  annually  thereafter.    The 
mailing address to notify us of a billing error is set forth on your 
monthly statement.)  
Posting Transactions; New Balance - 
    Debit  transactions  from  purchases  and  cash  advances  are 
posted  the  day  they  are  received.  Debit  transactions  from 
purchases  are  aggregated  into  my  Purchases  Balance.  Debit 
transactions  from  cash  advances  are  aggregated  into  my 
Disbursed  Cash  Balance.      Applicable  finance  charges  will  be 
added  to  and  included  in  my  Purchases  Balance  and  my 
Disbursed Cash Balance on the last day of the statement cycle.  
My  account  balance  is  the  sum  of  my  Purchases  Balance  and 
my Disbursed Cash Balance, which at the end of each statement 
cycle is shown as my "New Balance".  
Payment -  
    Each month the Firm will pay the “New Balance” shown on the 
statement  in  full  within  25  days  of  the  cycle  closing  date,  the 
payment due date. If the Bank has not received a payment in the 
amount of the New Balance by payment due date (or the end of 
the next business day if the payment due date is on a Saturday, 
Sunday  or  bank  holiday),  the  Firm  will  pay  $29.00  late  charge.  
Additionally,  payment in full received before the end of the next 
statement  cycle  avoids  additional  finance  charges  except  on 
cash advance.  
Crediting of Payments- 
    An  amount  equal  to  the  minimum  payment  from  the  initial 
payment  during  any  statement  cycle  will  be  applied  first  to  my 
Purchases  Balance  and  then  to  my  Disbursed  Cash  Balance.   
All  additional  payments  received  during  the  same  statement 
cycle will be applied to the balances based  upon the  applicable 
interest rate on that balance, starting with the balances with the 
highest interest rates. Any part of a payment complying with the 
payment  instructions  on  the  periodic  statement  and  received 

 
 
limited  to,  postal  mail,  electronic  mail,  telephone  or  other 
technology, to reach you.  You agree that we may use automatic 
dialing  and  announcing  devices  which  may  play  recorded 
messages. We may also send text messages to your telephone.  
You  may  contact  us  at  any  time  to  ask  that  we  not  contact  you 
using any one or more methods or technologies.    
Closing Account- 
    In the event I close my account, I agree to  notify the  Bank in 
writing and return my Card(s) cut in half.  If I close my account, 
the Firm remains responsible to pay all amounts it owes to Bank 
according to the terms of these card membership rules.   
Amendments –  
     These rules (including, but not limited to rates and fees) may 
be amended by Bank from time to time.  The Firm will be notified 
of any amendment to the rules not later than the date of my next 
monthly  statement,  unless  sooner  required  by  applicable  law  or 
regulation.  In addition, if the amendment is a significant change 
in account terms, the Firm will be given an opportunity to opt-out 
of  the  proposed  amendment  in  accordance  with  applicable  law 
and regulations.  

F03-L433-5-0216 
SFNB-531    

within 25  days of the cycle closing date which is credited to my 
Purchases  Balance  will  be  credited  as  of  the  beginning  of  the 
statement cycle in which received. Any part of a payment that is 
credited to my Disbursed Cash Balance, my Transferred Balance 
or all of any Payment which is received more than 25 days after 
the  cycle  closing  date  will  be  credited  as  of  the  day  received,  if 
received  before  5  p.m.  CT  by  the  Bank,  otherwise  on  the  next 
banking  day,  provided  that  any  payment  paid  in  person  at  a 
branch  of  the  Bank  shall  be  credited  not  later  than  the  day 
received.  Payments  received  and  accepted  by  the  Bank  which 
do  not  comply  with  the  payment  instructions  on  the  periodic 
statement  may  result  in  a  delay  in  crediting  the  payment  to  my 
account.   
Electronic Transfer Authority- 
     Anytime I send the Bank a check for payment on my account, 
I authorize the Bank to make a one-time electronic transfer debit 
from my bank account for the amount of the check. 
Finance Charge -  
     Finance Charge  on cash  advances will accrue from the date 
of the transaction and continue until the Disbursed Cash Balance 
is paid in full.  Finance charge on purchases will accrue from the 
date of the transaction if there was a "New Balance" at the start 
of  the  current  statement  cycle,  or  from  the  first  day  of  the 
statement cycle next following the date of the transaction if there 
was  not  a  "New  Balance"  at  the  start  of  the  current  statement 
cycle.  
     Date of transaction will be the latter of the transaction date or 
the  first  date  of  the  statement  cycle  in  which  the  transaction  is 
posted. 
     A  Finance  Charge  will  not  be  imposed  on  the  Purchases 
Balance included within the "New Balance", if payment in full of 
the  “New  Balance”  is  received  before  the  next  statement  cycle 
closing date.  
Interest Rates –  
     Finance  charge  on  the  Purchases  Balance  is  computed  by 
applying to my average daily balance for the Purchases Balance 
and  the  Transferred  Balance,  including  unpaid  finance  charges 
(as  indicated  on  my  monthly  statement)  a  daily  periodic  rate 
equal  to  the  Prime  Rate  plus  7.00%  divided  by  the  number  of 
days in the  year. The  Prime Rate is the prime rate  published in 
the Money Rates column of The Wall Street Journal in effect for 
the  second  business  day  prior  to  the  beginning  of  each 
statement cycle. If The Wall Street Journal ceases publication or 
to  publish  the  Prime  Rate  as  now  shown  in  its  Money  Rates 
column, the Bank may use the prevalent prime rate in the United 
States  as  published 
in  any  other  newspaper  of  general 
circulation, or the Bank may substitute a similar reference rate at 
its  sole  discretion.  The  finance  charge  for  the  Disbursed  Cash 
Balance is computed by applying to my average daily Disbursed 
Cash Balance including unpaid finance charges (as indicated on 
the  monthly  statement)  a  daily  periodic  rate  equal  to  the  Prime 
Rate plus 11.00% divided by the number of days in the year. If a 
transaction fee is applied, the annual percentage rate (APR) may 
be higher than the periodic rate disclosed above. The maximum 
interest rate applicable to my Card is governed by the laws of the 
United States of America and the State of Arkansas. 

Other Charges and Collection Fees -  
     Transaction  fees  for  cash  advances  (including  advances  in 
foreign currencies) will be 3% of the amount of the cash advance 
(but  not  less  than  $4.00  nor  more  than  $50.00).    If  I  request  a 
photocopy  or  the  original  ticket  of  an  item  appearing  on  my 
monthly statement, I will pay the Bank the fee assessed to them 
by  Visa  U.S.A.,  Inc.  for  this  service.    The  Firm  agrees  to 
reimburse  the  Bank  any  and  all  amounts  which  it  pays  to  any 
owner/operator  of  an  automated  teller  machine  (ATM)  or  any 
national,  regional  or  local  ATM  network  used  to  complete  any 
transaction for my use  of my Card at  an  ATM not located at an 
office or branch of the Bank. The Firm will pay a $12.00 service 
charge  per  payment,  if  I  utilize  a  service  representative  of  the 
Bank  to  obtain  expedited  service  for  any  payment.    If  I  request 
express  delivery  of  my  Card(s),  the  Firm  will  pay  an  express 
delivery  fee  equal  to  the  actual  costs  incurred  by  the  Bank  in 
making the express delivery.  If I make my payment with a check 
or  other  negotiable  instrument  and  it  is  returned  to  the  Bank 
unpaid, the Firm will pay a $29.00 Return Check Charge.  If my 
account  is  placed  with  an  attorney  or  another  agency  for 
collection,  the  Firm  will  also  pay  attorney  fees,  court  costs, 
witness  costs  (including  transportation  and  lodging)  and  any 
other fees as allowed by law. 
Foreign Currency Transaction Fee-  
     If  I  make  any  purchases  in  foreign  currencies,  the  Bank 
and/or  Visa  U.S.A.  will  convert  the  foreign  currencies  into  U.S. 
Dollars.    Visa  will  use  their  applicable  currency  conversion 
procedures.    Currently,  the  conversion  procedures  utilize  a  rate 
selected  by  Visa  from the  range  of  rates  available  in  wholesale 
currency  markets  for  the  applicable  central  processing  date, 
which  rate  may  vary  from  the  rate  Visa  itself  receives,  or  the 
government  mandated  rate  in  effect  for  the  applicable  central 
processing date, in each instance, plus or minus any adjustment 
determined  by  the  Bank.    The  Firm  agrees  to  pay  the  Bank  the 
sum in U.S. Dollars as converted by Visa, plus an additional  2% 
of the converted amount attributable to purchases (but not cash 
advances). 
the 
conversion  date  may  differ  from  the  rate  in  effect  on  the  date  I 
used my Card.   
Telephone Monitoring and Recording-   
     From  time  to  time,  we  may  monitor  and/or  record  telephone 
calls regarding your Account with us to assure the quality of our 
service, and you agree to any such monitoring or recording. We 
treat all customer calls as confidential.  
Communicating  With  You,  Consent  To  Contact  By 
Electronic Other Means-   
     You  agree  that  we  may  contact  you  as  provided  in  this 
paragraph.  We may contact you for any lawful reason, including 
for  the  collection  of  amounts  owed  to  us  and  for  the  offering  of 
products  or  services  in  compliance  with  our  Privacy  Notice  in 
effect  from  time  to  time.  No  such  contact  will  be  deemed 
unsolicited.  We  may  contact  you  at  any  address  or  telephone 
number  (including  wireless  cellular  telephone  or  ported  landline 
telephone number) that you may provide to us from time to time.  
We  may  use  any  means  of  communication,  including,  but  not 

  The  currency  conversion  rate  used  on