Target Credit Card 
Agreement 

represents 

This Agreement explains the terms that you agree 
to  follow  for  your  Target  Credit  Card  Account 
(“Account”).  Your  signature  on  your  application 
or solicitation for this Account, including  without 
limitation  any  electronic  or  digital  signature,  as 
well  as  your  signature  on  sales  slips  or  any 
Account-related 
your 
document, 
signature on this Agreement. The card carrier that 
accompanied  your  Target  Credit  Card  is  part  of 
this  Agreement.  In  this  Agreement  “we,”  “us,” 
“our” and “TD Bank” mean TD Bank USA, N.A., 
a  national  bank  with  its  main  office  located  in 
Delaware, and its successors and assigns, which is 
the  issuer  of  the  Target  Credit  Card.  “You”  and 
“your”  mean  everyone  who  is  liable  for  payment 
on  this  Account.  “Card”  refers  to  your  Target 
Credit  Card.  “Target”  means  Target  Corporation 
and  its  affiliates.  You  understand  that  TD  Bank 
USA, N.A. is the issuer and Target has the right to 
service accounts and collect on TD Bank’s behalf. 

1.  USE  OF  YOUR  ACCOUNT  —  When  you 
apply for an Account, you promise to be bound by 
the terms of this Agreement.  You promise to pay 
us  for  all  credit  extended  under  this  Agreement 
and all other amounts you owe to us according to 
the  terms  of  this  Agreement.  If  the  Account  is  a 
joint  Account,  each  of  you  is  bound  by  this 
Agreement  and  each  of  you 
jointly  and 
individually promises to pay us, and may be held 
liable  for,  all  amounts  owed  to  us  on  your 
Account. You also promise to pay us for charges 
incurred  by  anyone  you  allow  to  use  your 
Account.  If  you  give  your  Card  to  someone  and 
authorize  their  use  of  the  Card,  you  must  regain 
possession to terminate their authorized use. This 

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Account may be used only for personal, family or 
household  purposes.  You  agree  that  you  will  not 
use or allow use of your Card or Account for any 
illegal transaction or purpose. 

You  may  only  use  your  Card  to  make  purchases 
of  goods  and  services  (“Purchase(s)”)  at  Target 
stores  located  in  the  United  States  and  from  the 
Target.com website. 

2.  CREDIT  LIMIT  —  You  agree  that  we  may 
establish  a  credit  limit  for  your  Account  (“Credit 
Limit”).  You  agree  that  we  may  change  a  Credit 
Limit at any time for any reason not prohibited by 
law, including, but not limited to, changes in your 
credit capacity, your pattern of payments to us, or 
your purchasing behavior.  We may also change a 
Credit Limit based on any information provided to 
us  by  a  consumer  reporting  agency,  including 
your  risk  score  at  the  consumer  reporting  agency 
or  information  about  credit  accounts  you  have 
with  other  companies.  We  may,  but  are  not 
required to, approve transactions that exceed your 
Credit  Limit  without  liability  to  you  and  without 
obligating us to do so in the future. You agree to 
prevent your Account balance from exceeding the 
Credit Limit. 

3.  SPECIAL  PROMOTIONS  —  Occasionally, 
you may be provided the opportunity to use  your 
Card  or  Account  in  connection  with  special 
promotions.  These  promotions  may  be  subject  to 
terms  and  conditions  in  addition  to  or  different 
from  those  provided  in  this  Agreement,  which 
will  be  described  in  the  special  promotion  offer. 
Unless otherwise stated, however, all terms of this 
Agreement shall apply to any special promotion. 

4.  PAYMENTS  —  We  will  send  you  a  billing 
statement  each  month  that  your  Account  has  a 

balance.  Your  billing  statement  will  show  the 
amount  you  owe  us,  which  is  called  the  New 
Balance, and the smallest amount you have agreed 
to  pay  us  for  that  billing  period,  which  is  called 
the Minimum Payment Due. If any portion of  the 
New  Balance  is  delinquent,  the  statement  will 
show  the  Amount  Past  Due.  The  statement  will 
also tell you the Payment Due Date. 

The  Minimum  Payment  Due  each  month  will 
equal the greater of a) $25.00; or b) the sum of the 
following:  1%  of  your  New  Balance  (rounded  to 
the next higher whole dollar amount), any Interest 
Charges,  any  Returned  Payment  Fees,  and  any 
Late  Payment  Fees.  We  may 
round  your 
Minimum Payment Due to the next higher whole 
dollar amount. If there is an Amount Past Due, we 
will  also  add  that  amount  and  include  it  in  your 
Minimum  Payment  Due.  If  your  New  Balance  is 
less than $25.00, the Minimum Payment Due will 
be the entire New Balance. 

Your minimum payments will be allocated in our 
discretion.  Payments  in  excess  of  the  minimum 
payment  will  be  allocated  in  accordance  with 
applicable law. 

You  agree  to  pay  us  in  United  States  dollars.  If 
you pay by check, your check must be drawn on a 
depository institution located in the United States. 
If  you  do  not  pay  the  New  Balance  in  full,  you 
agree  to  pay  by  your  Payment  Due  Date  at  least 
the  Minimum  Payment  Due.  You  may,  at  any 
time,  pay  the  total  amount  owing  on  your 
Account. Payments are posted to your Account in 
a timely manner as required by law. However, we 
may delay restoring your available Credit Limit in 
the  amount  of  the  payment  to  make  sure  we 
receive the funds. 

 
 
 
 
 
 
 
 
 
 
At  our  option,  we  may  obtain  payment  for  any 
check  or  other  instrument  that  you  send  to  us  by 
initiating  an  electronic  (including  Automated 
Clearing  House)  transfer  from  your  depository 
institution account in the amount of your check or 
instrument.  Your check or instrument  will not be 
returned  to  you  by  us  or  by  your  depository 
institution.  Your  depository  institution  account 
may  be  debited  as  early  as  the  same  day  we 
receive  your  payment.  If  we  cannot  process  the 
electronic  transfer  or  if  the  electronic  transfer  is 
returned to us, we may present the original check 
or  other  instrument,  a  substitute  check,  draft  or 
similar instrument to obtain payment. 

5. UNAUTHORIZED USE  — If  you  notice the 
loss  or 
theft  of  your  Card  or  a  possible 
unauthorized  use  of  your  Card,  you  should  write 
to us immediately at: 

Target Card Services 
P.O. Box 1581 
Minneapolis, MN 55440-1581 
Or call us at: 1-800-659-2396 

If  you  notify  us  by  telephone,  you  agree  to 
confirm  your  notification  in  writing.  You  are  not 
liable  for  unauthorized  use  of  the  Account.  You 
agree to assist us in determining the facts relating 
to  any  theft  or  possible  unauthorized  use  of  your 
Account  and  to  comply  with  the  procedures  we 
may  require  for  our  investigation.  All  Cards  are 
issued by us to you and you must return or destroy 
your Card if we request you to do so. 

6.  CREDIT  AUTHORIZATIONS  —  Some 
transactions  will  require  our  prior  authorization 
and you may be asked to provide identification. If 
our authorization  system is  not  working,  we  may 
not be able to authorize a transaction. We will not 
be  liable  to  you  if  any  of  these  events  happen  or 
for  any  failure  to  authorize  a  transaction.  We  are 

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also  not  responsible  for  the  refusal  of  anyone  to 
accept your Card. 

the  Annual  Percentage  Rate  and  corresponding 
Daily Periodic Rate.  

7. INTEREST CHARGES — 
•  ANNUAL  PERCENTAGE  RATE  —  Your 
Annual Percentage Rate and corresponding Daily 
Periodic Rate may vary with changes in the Prime 
Rate.  If  you  received  a  temporary  card  for  your 
Account,  the  Annual  Percentage  Rate  and  the 
Daily  Periodic  Rate  applicable  to  your  Account 
are  noted  on  it.  The  temporary  card  is  a  part  of 
this  Agreement.  The  card  carrier  sent  with  your 
Card  also  tells  you  the  Annual  Percentage  Rate 
and  Daily  Periodic  Rate  applicable  to  your 
Account  and  is  a  part  of  this  Agreement.  If  the 
Prime  Rate  changes,  the  Annual  Percentage  Rate 
shown  on  the  card  carrier  and  your  billing 
statement may be different than those disclosed on 
your temporary card. 

The  Annual  Percentage  Rate 
(“APR”)  and 
corresponding  Daily  Periodic  Rate  (“DPR”)  will 
be  determined  by  adding  a  margin  to  the  Prime 
Rate.  The  “Prime  Rate”  means  the  highest  U.S. 
Prime  Rate  published  in  the  “Money  Rates” 
section  of  The  Wall  Street  Journal.  For  each 
billing  period  we  look  at  the  Prime  Rate  on  the 
last business day of the previous calendar month. 
Any  change  in  the  APR  and  corresponding  DPR 
will  take  effect  on  the  first  day  of  the  billing 
period.  Your  rate  may  increase  when  the  Prime 
Rate  increases.  If  the  APR  and  corresponding 
DPR  increase,  the  Minimum  Payment  Due  and 
the  amount  of  Interest  Charges  on  your  Account 
may also increase. 

•  PURCHASES  —  The  APR  for  Purchases  is 
determined by adding to the Prime Rate a margin 
of 19.65%. Please see the Pricing Information for 

•  BALANCE  COMPUTATION  AND  PAYING 
INTEREST  CHARGES  -  We  calculate  a  Daily 
Balance  for  your  Account.  We  may  maintain 
separate  balances  for  your  Purchases  and  special 
promotional  Purchase  balances  (each,  a  “Balance 
Type”) and calculate a Daily Balance for each. To 
determine  the  Daily Balance  for a Balance Type, 
each  day  we  take  the  beginning  balance  for  the 
Balance  Type,  add  any  new  charges  included  in 
that Balance Type, and subtract any payments and 
credits  applied  to  that  Balance  Type.  We  then 
multiply  the  resulting  balance  by  the  applicable 
Daily  Periodic  Rate.  The  resulting  daily  Interest 
Charge  is  included  in  the  beginning  balance  of 
that Balance Type for the next day. Purchases are 
included in the Daily Balance as of the later of the 
transaction  date  or  the  first  day  of  the  billing 
period  in  which  the  Purchase  is  posted  to  the 
Account.  Fees  are  included  in  the  Daily  Balance 
of Purchases when posted to the Account. 

We  figure  the  Interest  Charge  on  your  Account 
for each Balance Type by multiplying your Daily 
Balance  of  each  Balance  Type  by  the  applicable 
Daily  Periodic  rate  for  each  day  in  the  billing 
cycle. At the end of the billing period, we will add 
up the daily Interest Charges on all Balance Types 
for  each  day  in  the  billing  period  to  get  the  total 
Interest Charge for the billing period. 

Interest  Charges  begin  to  accrue  on  Purchases  as 
of  the  day  the  Purchase  is  included  in  the  Daily 
Balance.  However,  if  you  paid  the  New  Balance 
that was shown on your previous billing statement 
by the Payment Due Date on that  statement, then 
(1)  we  will  not  impose  Interest  Charges  on 
Purchases  during  your  current  billing  period  if 

 
 
 
 
 
 
 
 
you pay the New Balance shown on your current 
billing statement by the Payment Due Date on that 
statement, and (2) we will credit any payment (to 
the  extent 
toward 
Purchases)  as  of  the  first  day  in  your  current 
billing  period  if  you  make  a  payment  by  the 
Payment  Due  Date  that  is  less  than  the  current 
billing period’s New Balance. 

the  payment 

is  applied 

If  a  New  Balance  was  shown  on  your  previous 
billing  statement  and  you  did  not  pay  the  New 
Balance  by  the  Payment  Due  Date  on  that 
statement,  then  we  will  not  impose  Interest 
Charges  on  any  Purchases  during  the  current 
billing period if you pay the New Balance shown 
on  your current billing statement by the Payment 
Due Date on that statement. 

that 

Please  note 
if  your  Account  has  a 
promotional balance, this may impact how we are 
required to apply your payments and whether you 
can  take  advantage  of  these  terms  regarding 
Interest Charges on Purchases. 

MINIMUM  CHARGE  FOR  BILLING  PERIOD 
—  For  any  billing  period  in  which  an  Interest 
Charge is imposed on your 
Account,  there  is  a  minimum  interest  charge  of 
$1.00. 

8.  FEES  —  The  following  fees  may  be  assessed 
on your Account. 
• LATE PAYMENT FEE — You will pay a Late 
Payment  Fee  of  $25.00  when  any  amount  due 
remains  unpaid  after  your  Payment  Due  Date. 
Any  subsequent  Late  Payment  Fees  will  be 
$35.00  until  you  make  your  required  Minimum 
Payment  Due  by  the  Payment  Due  Date  for  six 
consecutive billing periods. In any event, the Late 
Payment  Fee  will  not  be  greater  than  your 

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Minimum Payment Due  for the billing period for 
which your payment was late. 
• RETURNED PAYMENT FEE — You will pay 
$25.00  each  time  any  check  or  other  payment 
order  (including  an  electronic  payment)  is  not 
honored by a depository institution. In any event, 
the Returned Payment Fee will not be greater than 
the  Minimum  Payment  Due 
that  was  due 
immediately  prior  to  the  date  on  which  the 
payment was returned to us. 
•  EXPEDITED  DELIVERY  FEE  —  At  your 
request,  we  will  expedite  the  delivery  of  an 
additional or replacement Card for your Account. 
You may be required to reimburse us up to $25.00 
for  delivery  and  other  charges  imposed  on  us  by 
third parties for this expedited service. 
•  DOCUMENTATION  REPRODUCTION  FEE 
— You  may be charged  $2.00 for each duplicate 
Account  document  we  reproduce  for  you  at  your 
request,  in  accordance  with  applicable  law.  We 
will  not  charge  you  for  duplicate  documents  we 
reproduce  for  you  in  connection  with  a  billing 
error  notice  or  if  our  investigation  indicates  a 
billing error occurred. 

9.  ACCORD  AND  SATISFACTION  —  We 
may  accept  letters,  checks  or  other  types  of 
payments  showing  “payment  in  full”  or  using 
other  language  to  indicate  satisfaction  of  your 
debt  (“Disputed  Amounts”)  without  waiving  any 
of  our  rights  to  receive  full  payment  under  the 
terms  of  this  Agreement.  You  agree  to  send  any 
Disputed  Amounts  to  the  address  for  billing 
inquiries shown on your billing statement. 

10.  CONSUMER  REPORT  USE  AND 
FURNISHING  INFORMATION  —  We  may 
check information about you or your credit history 
including 
with  consumer  reporting  agencies, 
report 
credit  bureaus,  or  others.  We  may 

information about your Account to credit bureaus. 
Late  payments,  missed  payments,  or  other 
defaults on your Account may be reflected in your 
credit report. 

We  may  also  report  information  about  you,  your 
to 
Account,  and  our  experiences  with  you 
consumer reporting agencies, to credit bureaus, to 
other  companies  that  are  affiliated  with  us  or  to 
others  as  allowed  by  law  and  our  privacy  policy. 
If  you do not  fulfill the terms of this  Agreement, 
we  may  submit  a  negative  report  reflecting  on 
your  credit  record  to  one  or  more  consumer 
reporting  agencies.  If  you  believe  we  have 
reported 
information  about  your 
Account  to  a  consumer  reporting  agency,  you 
should notify us by sending your Account number 
and  a  description  of  the  information  you  believe 
to  be  inaccurate,  along  with  any  documentation 
supporting  the  inaccuracy,  such  as  your  credit 
report,  to  Target  Card  Services,  P.O.  Box  673, 
Minneapolis, 
MN 55440-0673. 

inaccurate 

11.  DEFAULT/TERMINATION  OF  CREDIT 
PRIVILEGES — Subject to applicable law, you 
will  be  in  default  under  this  Agreement  if  you 
violate  any  term  of  this  Agreement,  fail  to  make 
the Minimum  Payment Due  by the Payment Due 
Date,  or  become  the  subject  of  bankruptcy  or 
insolvency  proceedings.  Upon  default  or  death, 
subject  to  applicable  law,  we  may,  in  our  sole 
discretion:  (a)  reduce  your  Credit  Limit  (b) 
terminate the Account, at which time the terms of 
this  Agreement  will  continue  until  we  have  been 
paid in full; (c) require immediate payment of the 
total  balance  on  your  Account  including  all 
this 
related  fees  and  charges  described 
Agreement; (d) bring a legal action against you to 
collect  money  owed  to  us;  (e)  terminate  any 

in 

 
 
 
 
 
 
 
 
any  conflict  between  any  of  the  terms  and 
conditions  of  this  Agreement  and  applicable 
federal  or  state  law,  this  Agreement  will  be 
considered  changed  to  the  extent  necessary  to 
comply with the law.   

CHANGE 

PERSONAL 
14. 
INFORMATION  —  You  agree  to  tell  us  right 
away  of  any  change  in  your  name,  address  or 
telephone numbers. 

OF 

18.  NO  SECURITY  —  Your  Account 
is 
unsecured. We are not taking a security interest in 
any property in connection with your Account. 

19. EVIDENCE — You agree that we may use a 
copy,  microfilm,  microfiche  or  digital  image  of 
any periodic statement or other document to prove 
what  you  owe  us  and  that  the  copy,  microfilm, 
microfiche  or  digital  image  will  have  the  same 
validity as the original. 

15. ASSIGNMENT OF ACCOUNT — We may 
sell,  assign  or  transfer  your  Account  or  any 
receivables  created  under  your  Account  without 
notice  to  you.  We  will  record  any  transfer  in  the 
book  entry  system  maintained  by  us  for  the 
benefit  of  you.  You  may  not  sell,  assign  or 
transfer  your  Account  without  first  obtaining  our 
written consent. 

20.  CAPTIONS  AND  INTERPRETATIONS 
—  The  captions  used  in  this  Agreement  are  for 
convenience only. They do not affect the meaning 
of the paragraphs in this Agreement. 

21.  SEVERABILITY  —  If  any  part  of  this 
Agreement  is  held  to  be  invalid,  the  rest  will 
remain in effect. 

16.  NO  WAIVER  —  We  may  waive  or  delay 
enforcing any of our  rights under this Agreement 
or  under  applicable  law  without  losing  any  of 
those  rights  or  remedies.  Even  if  we  do  not 
enforce our rights or remedies at any one time, we 
may enforce them at a later time. 

17.  CHANGES  TO  THIS  AGREEMENT  — 
We  have  the  right  to  change  this  Agreement 
(including the right to add additional terms) and to 
apply those changes to any existing balance on the 
Account as permitted by law. We will provide you 
with  notice  of  any  such  changes  as  required  by 
applicable law. 

22.  ENTIRE  AGREEMENT  —  You  agree  that 
this  Agreement  (as  amended  and  supplemented 
from  time  to  time)  and  the  application  constitute 
the  final  expression  of  the  Agreement  between 
you  and  us  and  that  this  Agreement  may  not  be 
contradicted  by  evidence  of  any  prior  or 
contemporaneous  or  subsequent  oral  agreement 
between  a  representative  of  ours  or  a  Target 
employee. Neither a Target store nor Target store 
employees  have  authority  to  change,  add  to,  or 
explain  the  terms  of  this  Agreement,  except  as 
expressly provided in this Agreement. 
You may at any time pay the unpaid balance of 
the  account  in  whole  or  in  part  without 
incurring 
for 
prepayment. 

additional 

charge 

any 

special  promotional  credit  terms;  or  (f)  take  any 
other  action  permitted  by  applicable  law.  If  we 
refer  your  Account  to  an  attorney  for  collection, 
you  must  pay  to  us  all  costs  and  expenses  of 
collection,  including  attorneys’  fees  and  court 
costs, to the extent not prohibited by law. Even if 
you  are  not  in  default,  we  reserve  the  right  to 
terminate  your  privileges  to  obtain  credit  on  the 
Account at any time. Upon any termination of this 
Agreement by  you or us,  you  will continue to be 
obligated  to  pay  all  amounts  owing  under  this 
Agreement,  and  to  otherwise  perform  the  terms 
and conditions of this Agreement. 

12.  COMMUNICATIONS  WITH  YOU  —  We 
or  our  agents  may  call  by  telephone  regarding 
your Account. You agree that we may place such 
calls  using  an  automatic  dialing/announcing 
device.  You agree that we may make such calls to 
a  mobile  telephone  or  other  similar  device.  You 
agree  that  we  may,  for  training  purposes  or  to 
evaluate  the  quality  of  our  service,  listen  to  and 
record phone conversations you have with us. 

13.  WHAT  LAW  APPLIES  —  Applicable 
federal  law  and  the  substantive  laws  of  the 
State of Delaware (to the extent not preempted 
by federal law) without regard to the principles 
of conflicts of law or choice of law shall govern 
this  Agreement.  To  the  extent  any  court 
determines  that  this  Agreement  is  subject  to 
Maryland  law  concerning  credit,  you  and  TD 
Bank  agree  that  your  Account  is  governed  by 
Title  12,  Subtitle  9  of  the  Commercial  Law 
Article  of  the  Annotated  Code  of  Maryland, 
except  as  preempted  by  federal  law.  If  there  is 

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Annual Percentage Rate 
(APR) for Purchases 

Your Annual Percentage Rates and corresponding Daily Periodic Rates may vary with changes in the Prime Rate.  

Pricing Information 

The  Annual  Percentage  Rate  (“APR”)  and  corresponding  Daily  Periodic  Rate  (“DPR”)  will  be  determined  by 
adding a margin to the Prime Rate. The “Prime Rate” means the highest U.S. Prime Rate published in the “Money 
Rates” section of The Wall Street Journal. For each billing period we look at the Prime Rate on the last business 
day of the previous calendar month. Any change in the APR and corresponding DPR will take effect on the first 
day of the billing period. Your rates may increase when the Prime Rate increases. If the APR and corresponding 
DPR  increase,  the  Minimum  Payment  Due  and  the  amount  of  Interest  Charges  on  your  Account  may  also 
increase.  

The APR for Purchases may vary and is determined by adding to the Prime Rate a margin of 19.65%. For your 
billing period ending this month, your Purchase APR is 22.90% (corresponding to a DPR of 0.06273%).  

How to Avoid Paying 
Finance Charges 

Your due date is at least 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. 

Minimum Interest 
Charge 
Annual Fee 
Penalty Fees 

If you are charged interest, you will be charged no less than $1.00. 
None 

 Late Payment 

Up to $35 

 Returned Payment 

Up to $25 

How We Will Calculate Your Balance:  We use a method called “Daily Balance.” We calculate a Daily  Balance for your Account. We maintain 
separate balances for your Purchases and special promotional Purchase balances (each, a “Balance Type”) and calculate a Daily Balance for each.  To 
determine the Daily Balance for a Balance Type, each day we take the beginning balance for the Balance Type, add any new charges included in that 
Balance Type, and subtract any payments and credits applied to that Balance Type.  We then multiply the resulting balance by  the applicable Daily 
Periodic Rate.  The resulting daily Interest Charge is included in the beginning balance of that Balance Type for the next day.  Purchases are included 
in the Daily Balance as of the later of the transaction date or the first day of the billing period in which the Purchase is posted to the Account. Fees are 
included in the Daily Balance of Purchases when posted to the Account. 

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