F03-P902-1-0815 
SFNB-532 

VISA PLATINUM REWARDS SMALL BUSINESS 
CREDIT CARD MEMBERSHIP RULES 
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.   
Annual Fee –  
   None.  
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  I  designate.    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  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 transaction determined 
to  be  unlawful. 
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.   I  acknowledge  my  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  I  am  responsible  for  the  use  of  all  Cards 
issued  for  use  with  my  membership.    I  will  not  allow 
unauthorized persons to use my Card. 

transactions, 

  Restricted 

involving 

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.    If  my  account 
balance exceeds the approved credit limit on statement date, I 
will pay a $25.00 overlimit charge. 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  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 me 
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 

transactions 

annually thereafter.  The mailing address to notify us of a billing 
error is set forth on your monthly statement.)    
Posting Transactions; New Balance - 
    Debit 
from  purchases,  cash  advances, 
convenience  checks  and  balance  transfers  are  posted  the  day 
they  are  received.  Debit  transactions  from  purchases  are 
aggregated  into  my  Purchases  Balance.  Debit  transactions 
from  cash  advances  and  convenience  checks  are  aggregated 
into  my  Disbursed  Cash  Balance.      Debit  transactions  from 
balance transfers are aggregated into my Transferred Balance.  
Applicable finance charges will be added to and included in my 
Purchases  Balance,  my  Disbursed  Cash  Balance  and  my 
Transferred Balance on the last day of the statement cycle.  My 
account  balance  is  the  sum  of  my  Purchases  Balance,  my 
Disbursed Cash Balance and my Transferred Balance, which at 
the  end  of  each  statement  cycle  is  shown  as  my  "New 
Balance".  
Full Payment Option -  
    Each  month  the  Firm  has  the  option  of  paying  the  “New 
Balance”  in  full  within  25  days  of  the  cycle  closing  date.  
Payment  in  full  (received  within  25  days)  avoids  additional 
finance  charges  on  the  Purchases  Balance  included  in  the 
"New  Balance"  as  well  as  new  purchases  (but  not  on  cash 
advances  or  convenience  checks)  made  during  the  next 
statement cycle.  
Partial Payment Option -  
     Each month I have the option of paying part of my  account 
balance  as  long  as  my  payment  is  at  least  equal  to  the 
minimum  payment  shown  on  the  statement.    The  minimum 
payment  will  be  the  greater  of  (i)  1% of  the  New  Balance  plus 
all  finance  charges  and  late  fees  assessed  during  the  billing 
cycle plus any past due  amounts, or (ii) $10.00.   The  Firm will 
pay the total New Balance if it is less than $10.00. 
     If  the  Bank  has  not  received  a  minimum  payment  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), I 
will pay a $29.00 late charge.  
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 
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 

 
 
 
 
 
 
                 
 
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  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, 
I  remain  responsible  to  pay  all  amounts  I  owe  to  Bank 
according to the terms of these card membership rules.   

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 and convenience checks 
will  accrue  from  the  date  of  the  transaction  and  continue  until 
the Disbursed Cash Balance is paid in full.  Finance Charge on 
balance  transfers  will  accrue  from  the  date  of  the  transaction 
and  continue  until  the  Transferred  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 (i) the Purchases 
Balance included within the "New Balance", if payment in full of 
the  “New  Balance”  is  received  within  25  days  of  the  prior 
statement  cycle  closing  date  or  (ii)  that  part  of  the  Purchases 
Balance equal to the amount of any payment received within 25 
days  of  the  prior  statement  cycle  closing  date  and  credited  to 
the Purchases Balance in accordance with these rules.  
Interest Rates –  
the 
     Finance  charge  on 
Transferred Balance where applicable 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. 

the  Purchases  Balance  and 

the  payment  due  date 

Delinquency Rates -  
     If  twice  during  any  six  month  period,  my  payment  is  not 
received  or  received  late,  the  daily  periodic  rate  will  be  the 
Prime  Rate  plus  13.00%  divided  by  the  number  of  days  in  the 
year.  This  rate  will  be  effective  immediately  following  the 
statement  cycle  in  which  the  second  payment  was  late  or  not 
received.  The  account  will  again  become  eligible  for  the  lower 
periodic rate as set forth above, after I have made the minimum 
payment  by 
for  six  consecutive 
statement cycles. 
Other Charges and Collection Fees -  
     Transaction  fees  for  cash  advances  (including  advances  in 
foreign  currencies)  and  convenience  checks  will  be  3%  of  the 
amount of the cash advance or check amount (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.    I  agree  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. I 
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) I 
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,  I  will  pay  a  Return  Check 
Charge of $25.00.  If my account is placed with an attorney or 
another agency for collection, I 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, 
instance,  plus  or  minus  any 
adjustment  determined  by  the  Bank.    I  agree  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  currency  conversion  rate  used  on  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.  

in  each