FR833282333_BELK REWARDS CARD
T&C	PLCC	PDF
5/12

GE CAPITAL RETAIL BANK 
SECTION I: RATES AND FEES TABLE 
BELK REWARDS CARD ACCOUNT AGREEMENT 
PRICING INFORMATION

Interest Rates and Interest Charges

Annual Percentage Rate 
(APR) for Purchases

24.49%

How to Avoid Paying 
Interest

Your due date is at least 23 days after the close of each billing cycle. We will not charge 
you any interest on purchases if you pay your entire balance by the due date each month. 

Minimum Interest Charge

If you are charged interest, the charge will be no less than $1.00.

Fees

Penalty Fees

•	Late Payment

Up to $35.

How We Will Calculate Your Balance: We use a method called “daily balance”. See your credit card account agreement 
on the next page for more details.

SECTION II: RATES, FEES AND PAYMENT INFORMATION 
BELK REWARDS CARD ACCOUNT AGREEMENT

How Interest is Calculated

Your Interest Rate

We  use  a  daily  rate  to  calculate  the  interest  on  the  balance  on  your  account  each  day.  The  daily  rate  for 
purchases is the APR times 1/365. The daily rate for purchases is .06710% (APR 24.49%). Interest will be 
imposed in amounts or at rates not in excess of those permitted by applicable law.

When We Charge Interest 

We charge interest on your purchases from the date you make the purchase until you pay the purchase in full. 
See exceptions below.

•	 We	will	not	charge	you	interest	during	a	billing	cycle	on	any	purchases	if:

  1. You had no balance at the start of the billing cycle; OR

  2.  You had a balance at the start of the billing cycle and you paid that balance in full by the due date in that billing 

cycle.

•	 We	will	not	charge	you	interest	during	a	billing	cycle	on	Belk	Rewards	Flex	Pay	Plan	balances	if	you	pay	at	least:

	 1.	The	Belk	Rewards	Flex	Pay	Plan	Payment;

  2. The minimum payment on your regular plan balance; and

  3. Any past due amounts by the due date in that billing cycle.

•	 We	will	not	charge	you	interest	during	a	billing	cycle	on	the	Table	Top/Jewelry	Plans	if	you	pay	at	least:

  1. The minimum payment called for under such Plan;

  2. All other minimum payments on your account; and

  3. Any past due amounts by the due date in that billing cycle.

•	 	We	will	credit,	as	of	the	start	of	the	billing	cycle,	any	payment	you	make	by	the	due	date	that	we	allocate	to	

purchases	if:

  1. You had no balance at the start of the previous billing cycle; OR

  2.  You had a balance at the start of the previous billing cycle and you paid that balance in full by the due date 

in the previous billing cycle.

How We Calculate Interest

We figure the interest charge on your account separately for each balance type. We do this by applying the daily 
rate to the daily balance for each day in the billing cycle. A separate daily balance is calculated for the following 
balance	types:	purchases	and	balances	subject	to	different	interest	rates,	plans	or	special	promotions.	See	below	
for how this works.

1.  How  to  get  the  daily  balance.  We  take  the  starting  balance  each  day,  add  any  new  charges  and  fees,  and 

subtract any payments or credits. This gives us the daily balance.

	 We	apply	fees	to	balance	types	as	follows:

  a. late payment fees are treated as new purchases; and

  b. debt cancellation fees are added proportionately to each balance.

2. How to get the daily interest amount. We multiply each daily balance by the daily rate that applies.

3.  How to get the starting balance for the next day. We add the daily interest amount in step 2 to the daily balance 

from step 1.

4.  How to get the interest charge for the billing cycle. We add all the daily interest amounts that were charged 

during the billing cycle.

We charge a minimum of $1.00 of interest in any billing cycle in which you owe interest. This charge is added 
proportionately to each balance type.

We will charge this fee if we do not receive the total minimum payment due on your account by 5 p.m. (ET) on the 
due	date.	This	fee	is	equal	to:

  1. $25, if you have paid your total minimum payment due by the due date in each of the prior six billing cycles.

  OR

  2.  $35, if you have failed to pay your total minimum payment due by the due date in any one or more of the prior 

six billing cycles.

The late payment fee will not be more than the total minimum payment that was due.

How Fees Work 

Late Payment Fee 

Minimum Payment Calculation. 

Your total minimum payment is calculated as follows.

The	greater	of:	

1.		$25	(which	includes	any	past	due	amounts). 	If	you	have	both	a	regular	balance	and	a	Belk	Rewards	Flex	Pay	Plan	balance	on	your	account,	this	amount	

will be allocated proportionately to each balance.

OR

2.		The	sum	of	the	following	amounts	on	each	of	your	regular	balance	and	your	Belk	Rewards	Flex	Pay	Plan	balance:

a.  1% of your new balance (excluding any balance associated with a special promotional purchase with a unique payment calculation, such as a Table 

Top/Jewelry	Plan	purchase)	shown	on	your	billing	statement	plus	interest	charged	in	the	current	billing	cycle	on	such	balance;	PLUS

b.  Any past due amounts; PLUS

c.  Any late payment fees charged in the current billing cycle; PLUS

d.		Any	payment	due	in	connection	with	a	special	promotional	purchase	with	a	unique	payment	calculation,	such	as	a	Table	Top/Jewelry	Plans	purchase. 	
For	Accounts	with	a	Qualifying	Purchase(s)	on	the	Table	Top/Jewelry	Plans,	your	minimum	monthly	payment	on	such	Qualifying	Purchase	will	be	the	
greater	of	$25	or	1/12	of	the	highest	billed	balance	of	Qualifying	Purchases	since	a	Qualifying	Purchase	was	last	made	on	your	Account,	rounded	to	the	
next	highest	dollar.	However,	if	the	entire	balance	of	your	Qualifying	Purchases	is	less	than	$25,	then	your	minimum	monthly	payment	on	such	Qualifying	
Purchases	will	be	the	entire	Qualifying	Purchases	balance.	Optional	credit	insurance/debt	cancellation	charges	and	any	applicable	interest	charges	on	
Qualifying	Purchases	are	included	in	the	Qualifying	Purchase	balance	and	must	be	paid	each	month.

We round up to the next highest whole dollar in figuring your total minimum payment. Your total minimum payment will never be more than your new balance.

Belk  Rewards  Flex  Pay  Plan  Payment.  For	 accounts	 with	 the	 Belk	 Rewards	 Flex	 Pay	 Plan,	 each	 month,	 instead	 of	 making	 the	 minimum	 payment	 as	
determined	above	on	your	Belk	Rewards	Flex	Pay	Plan	balance	(which	includes	any	applicable	late	payment	fees),	you	may	elect	to	make	a	Belk	Rewards	Flex	
Pay	Plan	Payment	which	will	initially	be	the	greater	of	$75	or	1/3	of	the	initial	Belk	Rewards	Flex	Pay	Plan	balance,	rounded	to	the	next	highest	dollar,	unless	
and	until	additional	purchases	are	charged	on	the	Belk	Rewards	Flex	Pay	Plan.	After	any	new	purchases	are	made	on	the	Belk	Rewards	Flex	Pay	Plan,	each	
Belk	Rewards	Flex	Pay	Plan	Payment	will	be	the	greater	of	$75	or	1/3	of	the	new	Belk	Rewards	Flex	Pay	Plan	balance	after	such	new	purchases	are	added,	
rounded	to	the	next	highest	dollar.	In	each	case,	any	past	due	amounts	on	the	Belk	Rewards	Flex	Pay	Plan	balance	will	be	added	to	the	Belk	Rewards	Flex	Pay	
Plan	Payment.	However,	the	Belk	Rewards	Flex	Pay	Plan	Payment	is	the	Belk	Rewards	Flex	Pay	Plan	balance	if	such	balance	is	less	than	$75.

SECTION III: STANDARD PROVISIONS  
BELK REWARDS CARD ACCOUNT AGREEMENT

ABOUT THE CREDIT CARD ACCOUNT AGREEMENT

This Agreement.	This	is	an	Agreement	between	you	and	GE	Capital	Retail	Bank,	170	Election	Road,	Suite	125,	Draper,	UT	84020,	for	your	credit	card	
account	shown	above.	By	opening	or	using	your	account,	you	agree	to	the	terms	of	the	entire	Agreement.	The	entire	Agreement	includes	the	four	sections	
of this document and the application you submitted to us in connection with the account. These documents replace any other agreement relating to your 
account that you or we made earlier or at the same time.

Parties To This Agreement. This Agreement applies to each accountholder approved on the account and each of you is responsible for paying the full 
amount due, no matter which one uses the account. We may treat each of you as one accountholder and may refer to each of you as “you” or “your”.  
GE	Capital	Retail	Bank	may	be	referred	to	as	“we”,	“us”	or	“our”.

Changes To This Agreement. We may change, add or delete terms of this Agreement, including interest rates, fees and charges.

Special Promotions. The terms of this Agreement apply to any special promotion. However, any special promotional terms that are different than the 
terms in this Agreement will be explained on promotional advertising or other disclosures provided to you.

HOW TO USE YOUR ACCOUNT/CARD

Use Of Your Account.	You	may	use	your	account	only	for	lawful,	family	or	household	purposes.	You	may	use	your	account	for	purchases	from	Belk	
locations, including on belk.com. 

There	 are	 two	 types	 of	 plan	 balances	 (“Plans”)	 that	 may	 appear	 on	 your	 account:	 regular	 plan	 balances	 (which	 may	 include	 Special	 Payment	 Plan	
purchases)	and	Belk	Rewards	Flex	Pay	Plan	balances,	if	the	Belk	Rewards	Flex	Pay	Plan	is	added	to	your	account.	When	the	Belk	Rewards	Flex	Pay	Plan	
is	added	to	your	account,	any	future	non-promotional	purchases	made	on	your	account	will	automatically	be	included	in	the	Belk	Rewards	Flex	Pay	Plan.	
Any	purchases	made	prior	to	the	Belk	Rewards	Flex	Pay	Plan	being	added	to	your	account	will	remain	in	the	regular	plan	balance	until	paid	off.		Each	month	
you	may	elect	to	pay	the	Belk	Rewards	Flex	Pay	Plan	Payment	on	the	Belk	Rewards	Flex	Pay	Plan	balance	or	the	minimum	payment	otherwise	required.	
The way we calculate the minimum payment and interest charges is different for each of these Plans. The other terms and conditions in this Agreement 
will apply to both Plans.

The	Table	Top	Special	Payment	Plan	and	Fine	Jewelry	Special	Payment	Plan	(together	the	“Table	Top/Jewelry	Plans”)	are	two	Special	Payment	Plans	that	
you	may	request	be	added	to	your	account	for	Qualifying	Purchase	as	defined	herein.	Currently,	an	eligible	purchase	for	the	Table	Top	Special	Payment	Plan	
is an initial minimum purchase of at least $300.00 of guild products (such as china, crystal, silver or table linens) and any subsequent Table Top purchase of 
$25.00	or	more.	An	eligible	purchase	for	the	Fine	Jewelry	Special	Payment	Plan	is	an	initial	minimum	purchase	of	$500.00	of	fine	jewelry	and	any	subsequent	
fine	jewelry	purchase	of	$150.00	or	more.	All	eligible	purchases	placed	on	the	Table	Top/Jewelry	Plans	at	your	request	are	referred	to	in	this	Agreement	as	
“Qualifying	Purchases.”	Although	Qualifying	Purchases	under	the	Table	Top/Jewelry	Plans	are	included	in	your	regular	balance,	the	way	we	calculate	the	
minimum	payment	and	interest	charges	is	different.	The	other	terms	and	conditions	in	this	Agreement	will	apply	to	the	Table	Top/Jewelry	Plans.

You Promise To Pay. You promise to pay us for all amounts owed to us under this Agreement. 

Your Responsibility. Each accountholder will receive a card. You may not allow anyone else to use your account. If you do, or if you ask us to send a 
card to someone else, you will be responsible for paying for all charges resulting from their transactions.

Purchase Limits. To prevent fraud, we may limit the number or dollar amount of purchases you can make in any particular amount of time. We also may 
decline any particular charge on your account for any reason.

Credit Limit. You will be assigned a credit limit that we may increase or decrease from time to time. If we approve a purchase that makes you go over your 
credit limit, we do not give up any rights under this Agreement and we do not treat it as an increase in your credit limit.

HOW AND WHEN TO MAKE PAYMENTS

When Payments Are Due. You must pay at least the total minimum payment due on your account by 5 p.m. (ET) on the due date of each billing cycle. 
Payments received after 5 p.m. (ET) will be credited as of the next day. You may at any time pay, in whole or in part, the total unpaid balance without any 
additional	charge	for	prepayment.	If	you	have	a	balance	subject	to	interest,	earlier	payment	may	reduce	the	amount	of	interest	you	will	pay.	We	may	delay	
making credit available on your account in the amount of your payment even though we will credit your payment when we receive it.

Payment Options.	You	can	pay	by	mail,	online	or	at	a	Belk	store.	We	may	allow	you	to	make	payments	over	the	phone	but	we	will	charge	you	a	fee	to	
make expedited phone payments. Your payment must be made in U.S. dollars by physical or electronic check, money order or a similar instrument from 
a bank located in the United States.

How To Make A Payment. You must follow the instructions for making payments provided on your billing statement. If you do not, credit of your payment 
may be delayed up to five days. Your billing statement also explains how information on your check is used.

Payment Allocation. We will apply the required total minimum payment to balances on your account using any method we choose. Any payment you 
make in excess of the required total minimum payment will be applied to higher APR balances before lower APR balances. Applicable law may require or 
permit us to apply excess payments in a different manner in certain situations, such as when your account has a certain type of special promotion.

INFORMATION ABOUT YOU 

Using and Sharing Your Information.	When	you	applied	for	an	account,	you	gave	us	and	Belk,	Inc.	information	about	yourself	that	we	could	share	with	
each	other.	Belk,	Inc.	will	use	the	information	in	connection	with	the	credit	program	and	for	things	like	creating	and	updating	its	records	and	offering	you	
special benefits. More information about how we use and share information is set forth in the privacy policy for your account. 

Address/Phone Change. You agree to tell us right away if you change your address or phone number(s). We will contact you at the address or phone 
number in our records until we update our records with your new address or phone number. 

Consent To Communications. You consent to us contacting you using all channels of communication and for all purposes. We will use the contact 
information you provide to us. You also consent to us and any other owner or servicer of your account contacting you using any communication channel. 
This may include text messages, automatic telephone dialing systems and/or an artificial or prerecorded voice. This consent applies even if you are charged 
for the call under your phone plan. You are responsible for any charges that may be billed to you by your communications carriers when we contact you.

Telephone Monitoring.	For	quality	control,	you	allow	us	to	listen	to	and/or	record	telephone	calls	between	you	and	us.

IMPORTANT INFORMATION ABOUT YOUR ACCOUNT 

Closing Your Account. You may close your account at any time by sending a letter to the address shown on your billing statement or calling customer 
service. We may close your account at any time, for any reason. If your account is closed, you must stop using it. You must still pay the full amount you 
owe and this Agreement will remain in effect until you do.

Collection Costs. If we ask an attorney who is not our salaried employee to collect your account, we may charge you our collection costs. These include 
court costs and reasonable attorneys’ fees.

Credit  Bureau  Reporting.  We  may  report  information  about  your  account  to  credit  bureaus.  Late  payments,  missed  payments,  or  other  defaults 
on  your  account  may  be  shown  in  your  credit  report.  Tell  us  if  you  think  we  reported  wrong  information  about  you  to  a  credit  bureau.  Write  to  us  at   
P.O.	Box	965028,	Orlando,	FL	32896-5028.	Tell	us	what	information	is	wrong	and	why	you	think	it	is	wrong.	If	you	have	a	copy	of	the	credit	report	that	
includes the wrong information, send us a copy. 

Default. You are in default if you make a late payment, do not follow any other term of this Agreement or become bankrupt or insolvent. If you default 
or upon your death, we may (a) request payment of the full amount due right away, (b) take legal action to collect the amounts owed, and/or (c) take any 
other action allowed. 

Disputed Amounts. The billing rights summary in section IV of this Agreement describes what to do if you think there is a mistake on your 
bill. If you send us correspondence about a disputed amount or payment, you must send it to the address for billing inquiries. We do not 
give up any rights under this Agreement if we accept a payment marked “payment in full” or given with any other conditions or limitations.

Unauthorized Use.	If	your	card	is	lost,	stolen	or	used	without	your	consent,	call	us	immediately	at	1-800-669-6550.	You	will	not	be	liable	for	unauthorized	
use on your account, but you will be responsible for all use by anyone you give your card to or allow to use your account.

IMPORTANT INFORMATION ABOUT THIS AGREEMENT 

Assignment. We may sell, assign or transfer any or all of our rights or duties under this Agreement or your account, including our rights to payments. We 
do not have to give you prior notice of such action. You may not sell, assign or transfer any of your rights or duties under this Agreement or your account.

Enforceability. If any part of this Agreement is found to be void or unenforceable, all other parts of this Agreement will still apply.

Governing Law. Except as provided in the Resolving a Dispute with Arbitration section, this Agreement and your account are governed by federal law 
and, to the extent state law applies, the laws of Utah without regard to its conflicts of law principles. This Agreement has been accepted by us in Utah.

Waiver. We may give up some of our rights under this Agreement. If we give up any of our rights in one situation, we do not give up the same right in another 
situation.

RESOLVING A DISPUTE WITH ARBITRATION 

PLEASE  READ  THIS  SECTION  CAREFULLY.  IF  YOU  DO  NOT  REJECT  IT,  THIS  SECTION  WILL  APPLY  TO  YOUR  ACCOUNT,  AND  MOST 
DISPUTES BETWEEN YOU AND US WILL BE SUBJECT TO INDIVIDUAL ARBITRATION. THIS MEANS THAT: (1) NEITHER A COURT NOR A 
JURY WILL RESOLVE ANY SUCH DISPUTE; (2) YOU WILL NOT BE ABLE TO PARTICIPATE IN A CLASS ACTION OR SIMILAR PROCEEDING; 
(3) LESS INFORMATION WILL BE AVAILABLE; AND (4) APPEAL RIGHTS WILL BE LIMITED.

•	What	claims	are	subject	to	arbitration

1.  If either you or we make a demand for arbitration, you and we must arbitrate any dispute or claim between you or any other user of your account, 

and	us,	our	affiliates,	agents	and/or	Belk,	Inc.,	if	it	relates	to	your	account,	except	as	noted	below.	

2.		We	will	not	require	you	to	arbitrate:	(1)	any	individual	case	in	small	claims	court	or	your	state’s	equivalent	court,	so	long	as	it	remains	an	individual	
case in that court; or (2) a case we file to collect money you owe us. However, if you respond to the collection lawsuit by claiming any wrongdoing, 
we may require you to arbitrate.

3.  Notwithstanding any other language in this section, only a court, not an arbitrator, will decide disputes about the validity, enforceability, coverage 
or scope of this section or any part thereof (including, without limitation, the next paragraph of this section and/or this sentence). However, any 
dispute or argument that concerns the validity or enforceability of the Agreement as a whole is for the arbitrator, not a court, to decide.

•	No	Class	Actions

YOU  AGREE  NOT  TO  PARTICIPATE  IN  A  CLASS,  REPRESENTATIVE  OR  PRIVATE  ATTORNEY  GENERAL  ACTION  AGAINST  US  IN 
COURT OR ARBITRATION. ALSO, YOU MAY NOT BRING CLAIMS AGAINST US ON BEHALF OF ANY ACCOUNTHOLDER WHO IS 
NOT AN ACCOUNTHOLDER ON YOUR ACCOUNT, AND YOU AGREE THAT ONLY ACCOUNTHOLDERS ON YOUR ACCOUNT MAY BE 
JOINED IN A SINGLE ARBITRATION WITH ANY CLAIM YOU HAVE. 

If a court determines that this paragraph is not fully enforceable, only this sentence will remain in force and the remainder will be null and void, and 
the	court’s	determination	shall	be	subject	to	appeal.	This	paragraph	does	not	apply	to	any	lawsuit	or	administrative	proceeding	filed	against	us	by	
a state or federal government agency even when such agency is seeking relief on behalf of a class of borrowers, including you. This means that we 
will not have the right to compel arbitration of any claim brought by such an agency.

•	How	to	start	an	arbitration,	and	the	arbitration	process

1.  The party who wants to arbitrate must notify the other party in writing. This notice can be given after the beginning of a lawsuit or in papers filed 
in	the	lawsuit.	Otherwise,	your	notice	must	be	sent	to	GE	Capital	Retail	Bank,	Legal	Operation,	P.O.	Box	29110,	Shawnee	Mission,	KS	66201,	 
ATTN:	 ARBITRATION	 DEMAND.	 The	 party	 seeking	 arbitration	 must	 select	 an	 arbitration	 administrator,	 which	 can	 be	 either	 the	 American	
Arbitration	Association	(AAA),	1633	Broadway,	10th	Floor,	New	York,	NY	10019,	www.adr.org,	(800)	778-7879,	or	JAMS,	620	Eighth	Avenue,	
34th	Floor,	New	York,	NY	10018,	www.jamsadr.com,	(800)	352-5267.	If	neither	administrator	is	able	or	willing	to	handle	the	dispute,	then	the	
court will appoint an arbitrator. 

2.		If	 a	 party	 files	 a	 lawsuit	 in	 court	 asserting	 claim(s)	 that	 are	 subject	 to	 arbitration	 and	 the	 other	 party	 files	 a	 motion	 with	 the	 court	 to	 compel	

arbitration, which is granted, it will be the responsibility of the party asserting the claim(s) to commence the arbitration proceeding. 

3.  The arbitration administrator will appoint the arbitrator and will tell the parties what to do next. The arbitrator must be a lawyer with at least ten 
years	of	legal	experience.	Once	appointed,	the	arbitrator	must	apply	the	same	law	and	legal	principles,	consistent	with	the	FAA,	that	would	apply	
in court, but may use different procedural rules. If the administrator’s rules conflict with this Agreement, this Agreement will control. 

	
 
	
 
	
	
 
	
 
4.  The arbitration will take place by phone or at a reasonably convenient location. If you ask us to, we will pay all the fees the administrator or 
arbitrator charges, as long as we believe you are acting in good faith. We will always pay arbitration costs, as well as your legal fees and costs, 
to the extent you prevail on claims you assert against us in an arbitration proceeding which you have commenced.

•	Governing	Law	for	Arbitration

	This	Arbitration	section	of	your	Agreement	is	governed	by	the	Federal	Arbitration	Act	(FAA).	Utah	law	shall	apply	to	the	extent	state	law	is	relevant	
under	the	FAA.	The	arbitrator’s	decision	will	be	final	and	binding,	except	for	any	appeal	right	under	the	FAA.	Any	court	with	jurisdiction	may	enter	
judgment	upon	the	arbitrator’s	award.

•	How	to	reject	this	section

 You	may	reject	this	Arbitration	section	of	your	Agreement.	If	you	do	that,	only	a	court	may	be	used	to	resolve	any	dispute	or	claim.	To	
reject	this	section,	you	must	send	us	a	notice	within	60	days	after	you	open	your	account	or	we	first	provided	you	with	your	right	to	
reject	this	section.	The	notice	must	include	your	name,	address	and	account	number,	and	must	be	mailed	to	GE	Capital	Retail	Bank,	
P.O.	Box	965012,	Orlando,	FL	32896-5012.	This	is	the	only	way	you	can	reject	this	section.

SECTION IV: OTHER IMPORTANT INFORMATION 
BELK REWARDS CARD ACCOUNT AGREEMENT
This section of the agreement includes state notices, billing rights summary and rewards terms (if applicable) and is not required to be provided as part of the 
credit	card	agreement	posted	online	or	provided	to	the	CFPB.

FR833282333_BELK REWARDS CARD
T&C	PLCC	PDF
5/12