MetaBank Fingerhut Effective 8/10 

Credit Account Agreement 
• AGREEMENT TO TERMS 
• USE OF YOUR ACCOUNT 
• DEFINITION OF PARTIES 

Arbitration notice: This Agreement provides that all disputes arising from or related to your Account may be 
resolved by arbitration. See“Arbitration” below. 

This is the Agreement which covers your credit account (called your “Account”) with MetaBank (“MetaBank”) for purchases 
you  make  with  Fingerhut.  You  can  use  your  Account  to  purchase  goods  and  services  from  any  Fingerhut  authorized 
merchant and to pay for goods and services offered in connection with your Account. You and MetaBank will be bound by 
this Agreement from the first time you use the Account. 

In  this  Agreement,  and  in  your  monthly  billing  statements  (“Statement”),  the  words  “you”  and  “your”  refer  to  all  persons 
named on the credit account we issue to you or who have signed application or acceptance forms, and the words “we”, “us” 
and “our” refer to MetaBank. If your Account is a joint Account, you and your joint Account holder each promise to pay and 
are jointly and individually responsible for all amounts due under this Agreement. 

Governing Law/Enforceability This Agreement will be governed by Federal law, and to the extent State law applies, by the 
law  of  South  Dakota,  whether  or  not  you  live  in  South  Dakota  and  whether  or  not  this  Account  is  used  outside  of  South 
Dakota.  If  any  provision  of  this  Agreement  is  determined  to  be  void  or  unenforceable  under  any  applicable  law,  rule,  or 
regulation, all other provisions of this Agreement will remain valid and enforceable. Our failure to exercise any of our rights 
under this Agreement will not be deemed to waive our rights to exercise such rights in the future. This Agreement is a final 
expression of the agreement between you and us and this Agreement may not be contradicted by evidence of any alleged 
oral agreement. 

Promise to Pay You promise to pay for (a) credit extended by MetaBank to you or to anyone you allow to use your Account; 
(b)  interest  charges,  late  fees,  and  other  charges  (e.g.  returned  check  charges)  provided  in  this  Agreement;  and  (c) 
collection costs and attorneys’ fees as permitted by applicable law if your Account should go into default. 

Available Credit We anticipate that we will extend credit to you from time to time, but will be under no obligation to do so, 
and we may not approve subsequent authorizations for purchases until we have received a payment on your first order. We 
may also reduce your credit line or terminate your Account at any time with or without cause subject to applicable law. 

Statements We  will  send  you  a  Statement  covering  each  billing  cycle  in  which  you  have  a  balance  (including  a  deferred 
balance) in excess of $1. The Statement will reflect: (a) the total amount you owed on the first day of the billing cycle (called 
the “previous balance”), which will include any deferred balance (see Deferral Periods); (b) payments, credits, purchases 
and interest charges, and all other charges made to your Account during the billing cycle; (c) the total amount you owed at 
the  end  of  the  billing  cycle  (called  the  “new  balance”);  (d)  the  minimum  payment  you  must  make  (called  the  “minimum 
payment”); and (e) the date by which the minimum payment must be paid in order to avoid late charges (called the “payment 
due date”). 

Payment The minimum payment is based on your account balance as outlined in the Payment Chart below. The minimum 
payment is due when you receive your Statement each month. We will not impose any late charges if you pay at least the 
minimum payment reflected in your Statement by the payment due date specified, which will always be at least 24 days from 
the Statement date. If you wish, you may pay more than the minimum payment and at any time you may pay the entire new 
balance, without penalty. All payments by mail must be made  by check or money order. You  agree that any payment you 
make may be returned to you without applying it to your Account and without presentment or protest, for reasons including, 
but not limited to, that the check or money order: (1) is not drawn on the U.S. Post Office or a financial institution located in 
the  United  States;  (2)  is  missing  a  signature;  (3)  is  drawn  with  different  numeric  and  written  amounts;  (4)  contains  a 
restrictive endorsement; (5) is post-dated; (6) is not payable as directed on your statement; (7) is not payable in U.S. dollars; 
or (8) is not paid upon presentment. You agree to pay any bank collection fees we incur for any check payments made in 
U.S.  dollars  drawn  on  a  financial  institution  not  located  in  the  United  States.  We  can  accept  late  or  partial  payments,  or 
checks or money orders marked “Payment in Full” or otherwise restrictively endorsed, without losing any of our rights under 
this Agreement. All payments under the Agreement must be received at the address specified on your billing Statement. 

 
 
 
 
 
 
 
 
 
 
 
Payment Chart 

Account Balance 
From                                     To 

- 
                                   $5.98 
$5.99                                 $44.99 
$45.00                               $69.99 
$70.00                               $99.99 
$100.00                            $124.00 
$125.00                            $199.00 
$200.00                            $249.99 
$250.00                            $299.99 
$300.00                            $349.99 
$350.00                            $449.99 
$450.00                            $549.99 
$550.00                            $799.99 
$800.00                           $1,099.99 
$1,100.00                        $1,399.99   
$1,400.00 

Minimum PMT $ 

              100% 
              $5.99 
              $6.99 
              $7.99 
              $9.99 
            $13.99 
            $16.99 
            $19.99 
            $22.99 
            $28.99 
            $33.99 
            $46.99 
            $59.99 
            $69.99 

                                            5% 

How  We  Figure  Interest  Charges  To  calculate  the  interest  charge  payable  each  month,  we  multiply  the  average  daily 
balance  times  the  monthly  periodic  rate  and,  if  applicable,  add  any  deferred  interest  charge  (see  Deferral  Periods).  Your 
Account is subject to a minimum interest charge of $1.00. 

Average Daily Balance We figure the interest charge on your Account by applying the monthly periodic rate to the “average 
daily  balance”  of  your  Account,  including  current  transactions.  To  get  the  “average  daily  balance”  we  take  the  beginning 
balance of your Account each day, add any new purchases, charges and other fees, and subtract any payments or credits. 
Purchases subject to Deferral Periods described below are excluded from our calculation of the “average daily balance” until 
the  day  following  the  expiration  of  the  Deferral  Period.  This  gives  us  the  daily  balance.  Then,  we  add  up  all  the  daily 
balances for that billing cycle and divide the total by the number of days in the billing cycle. This gives us the “average daily 
balance.” 

Non-Variable APR Your Annual Percentage Rate is 24.90%, which corresponds to a monthly periodic rate of 2.075%. This 
is a non-variable rate. 

Introductory APR. There is an introductory APR. It will apply to all purchases made during the introductory period and it will 
apply to those purchases during the introductory period. Refer to the MetaBank Fingerhut Disclosures in the specific offer for 
the  terms  of  the  introductory  offer  and  how  long  it  lasts.  The  introductory  APR  is  0.00%.  This  corresponds  to  a  monthly 
periodic  rate  of  0.00%.  After  the  introductory  period,  your  standard  APR  for  purchases  will  apply  to  existing  balances  and 
new purchases. 

When Interest Charges Begin to Accrue Interest charges begin to accrue on each purchase on the date of the purchase. 
However,  if  you  paid  the  new  balance  on  your  previous  Statement  by  the  payment  due  date  shown  on  your  previous 
Statement, then: (1) if you pay the new balance on your current Statement by the payment due date shown, we impose no 
interest  charges  on  purchases  during  the  current  billing  cycle,  and  (2)  if  you  make  a  payment  by  the  payment  due  date 
shown on your current Statement that is less than the new balance reflected on your current Statement, we will credit that 
payment as of the first day in your current billing cycle. In addition, if your previous Statement  reflected a new balance and 
you did not pay that new balance in full by the payment date on that previous Statement, then we will not impose interest 
charges on any  purchases during the current billing cycle if you pay the  balance shown  on  your current Statement by the 
payment due date reflected on your current Statement. 

Deferral Periods See the deferral terms in the specific offer you are ordering from for special rules which apply during the 
deferral periods. If you are unable to locate the terms of your deferred offer, please contact Customer Service at 1-800-208-
2500. 

Late Fees Late fees will be equal to your minimum payment due with a maximum amount of up to $25.00 for the first time 
offense and will increase to a maximum amount of $30.00 if you have not made your payment by the due date in each of 
your next 6 billing cycles. The late fee will never be greater than your minimum payment due to which the late fee relates. 

Returned Payment Fee Returned payment fees will be equal to your minimum payment with a maximum amount of up to 
$25.00 for the first time offense and will increase to a maximum amount of $30.00 if you have any returned payments in your 
next 6 billing cycles. The returned payment fee will never be greater than your most recent minimum payment due. 

 
 
 
 
 
 
 
 
 
 
 
 
Application  of  Payments  Each  payment  you  send  to  us  will  be  applied  to  your  Account  in  a  manner  consistent  with  the 
applicable law. Generally, we will apply your payment first to satisfy your minimum payment due. Any remaining payment in 
excess  of  the  minimum  payment  due  will  be  applied  to  the  highest  APR  balances  first.  Exception  to  this  will  be  deferred 
balances with expiration dates within the next two billing cycle periods. 

Change of Terms (including Interest Charges) SUBJECT TO APPLICABLE LAW, WE MAY CHANGE OR TERMINATE 
ANY TERM OF THIS AGREEMENT OR ADD NEW TERMS AT ANY TIME, INCLUDING, WITHOUT LIMITATION, ADDING 
OR  INCREASING  FEES,  INCREASING  YOUR  MINIMUM  PAYMENT  AND  INCREASING  THE  RATE  OR  AMOUNT  OF 
INTEREST  CHARGES  OR  CHANGING  THE  METHOD  OF  COMPUTING  THE  BALANCE  UPON  WHICH  INTEREST 
CHARGES ARE ASSESSED. PRIOR WRITTEN NOTICE WILL BE PROVIDED TO YOU WHEN REQUIRED BY 
APPLICABLE LAW. CHANGES MAY APPLY TO BOTH NEW AND OUTSTANDING BALANCES. 

Default  You  will  be  in  default  under  this  Agreement  upon:  (a)  your  failure  to  make  at  least  the  minimum  payment  by  the 
payment due date specified in your Statement; (b) your violation of any other provision of this Agreement; (c) your death; (d) 
your  becoming  the  subject  of  bankruptcy  or  insolvency  proceedings;  (e)  your  becoming  the  object  of  attachment, 
foreclosure, repossession, lien, judgment, or garnishment proceedings; (f) your failure to supply us with any information we 
reasonably deem necessary; (g) your supplying us with misleading, false, incomplete or incorrect information; (h) our receipt 
of information that you are unable to perform the terms and conditions of this Agreement; or (i) your moving out of the U.S. 
Upon default, we have the right to require you to pay your entire Account balance (including all deferred purchases and all 
accrued  but  unpaid  charges)  immediately,  and  to  sue  you  for  what  you  owe.  You  will  pay  our  court  costs,  reasonable 
attorneys’  fees  and  other  collection  costs  related  to  the  default  to  the  extent  permitted  by  applicable  law.  Following  any 
default, any balances outstanding under the Agreement will continue to accrue interest charges until paid in full and will be 
subject to all the terms and conditions of this Agreement, except that we will apply your payments first to attorneys’ fees and 
other court costs, and then in the order set forth in the Application of Payments section. 

Closing Your Account You can cancel or close your Account by writing to us at Fingerhut Credit Account Services, P.O. 
Box 1250, St. Cloud, MN 56395-1250. If you do not pay us in full when you cancel, your outstanding balances will continue 
to accrue interest and other charges and be subject to the terms and conditions of this Agreement.  

Cancellation or Termination of Agreement If you cancel or close your Account, or if we choose to terminate your charging 
privileges  for  any  reason,  whether  or  not  your  Account  is  in  default,  you  may  not  try  to  make  any  purchases  with  your 
Account card(s) (“Card”) and upon request, you must return to us your Card(s) cut in half. Following any cancellation, 
closing or termination, any balances outstanding under this Agreement will continue to accrue interest charges until paid in 
full and will be subject to all the terms and conditions of this Agreement. 

Liability  for  Unauthorized  Use  When  you  receive  your  Statement,  you  should  verify  that  the  charges  are  true  and  the 
amounts unaltered. You may be liable for the unauthorized use of your Card. You will not be liable for unauthorized use that 
occurs  after  you  notify  us  of  the  loss,  theft,  or  possible  unauthorized  use.  Notification  must  be  given  by  you  immediately 
upon learning of the loss, theft or possible unauthorized use by calling us at 1-800-208-2500 or writing us at Fingerhut Credit 
Account Services, P.O. Box 1250, St. Cloud, MN 56395-1250. In any case, your liability for unauthorized use of your Card 
will  not  exceed  $50.  However,  unauthorized  use  does  not  include  use  by  a  person  whom  you  have  given  the  Card  or 
authority to use the Account, and you will be liable for all use by such a user. To terminate this authority, you must retrieve 
the Card from the previously authorized user and return it to us at the above address along with a letter explaining why you 
are doing so. We have found that most of our customers prefer to allow their spouses to place orders on their Account. To 
better  serve  you,  if  your  spouse  places  an  order  on  your  Account  we  will  process  that  request,  unless  you  instruct  us 
otherwise. 

Lost or Stolen Credit Card(s) You agree to notify us immediately if your Card(s) are lost or stolen. You may notify us by 
calling 1-800-208-2500 or writing us at Fingerhut Credit Account Services, P.O. Box 1250, St. Cloud, MN 56395-1250. 

Change  of  Name,  Address,  Telephone  Number  or  Employment  You  agree  to  give  us  prompt  notice  of  any  change  in 
your  name,  mailing  address,  telephone  number  or  place  of  employment.  Send  changes  to:  Fingerhut  Credit  Account 
Services, P.O. Box 1250, St. Cloud, MN 56395-1250. 

Consent to Use of Telephone Numbers You expressly consent to receiving calls and messages, including autodialed and 
prerecorded message calls, from MetaBank/Fingerhut, their affiliates, marketing partners, agents and others calling at their 
request  or  on  their  behalf,  at  any  telephone  numbers  that  you  have  provided  or  may  provide  in  the  future  (including  any 
cellular telephone numbers). 

Assignment of Account We may sell, assign or transfer your Account or any portion thereof without notice to you. You may 
not sell, assign or transfer your Account. 

Reporting and Monitoring If you fail to fulfill the terms of your credit obligation, a negative report reflecting on your credit 
record can be submitted to one or more credit reporting agencies. You agree that any government agency may release your 
residence address to us, should it become necessary to locate you. You agree that our supervisory personnel may listen to 

 
 
 
 
 
 
 
 
 
 
telephone  calls  between  you  and  our  representatives  in  order  to  evaluate  the  quality  of  our  service  to  you  and  to  other 
cardholders. 

Updated  Financial  and  other  Information  Upon  request,  you  agree  to  promptly  give  us  accurate  financial  and  other 
information about yourself. 

Severability  If  any  provision  of  this  Agreement  is  finally  determined  to  be  void  or  unenforceable  under  any  law,  rule,  or 
regulation, all other provisions of this Agreement will remain valid and enforceable. 

YOUR  BILLING  RIGHTS:  KEEP  THIS  DOCUMENT  FOR  FUTURE  USE  This  notice  tells  you  about  your  rights  and  our 
responsibilities under the Fair Credit Billing Act. 

WHAT  TO  DO  IF  YOU  THINK  YOU  FIND  A  MISTAKE  ON  YOUR  STATEMENT  If  you  think  there  is  an  error  on  your 
statement, write us at: Fingerhut Credit Account Services, P.O. Box 1250, St. Cloud, MN 56395-1250. In your letter, give us 
the following information: 
• Account Information: Your name and Fingerhut Credit Account number 
• Dollar Amount: The dollar amount of the suspected error 
• Description of Problem: If you think there is an error on your bill, describe what you believe is wrong and why you believe it 
is a mistake. 

You must contact us within 60 days after the error appeared on your statement. You must notify us of any potential errors in 
writing. You may call us, but if you do we are not required to investigate any potential errors and you may have to pay the 
amount in question. 

WHAT WILL HAPPEN AFTER WE RECEIVE YOUR LETTER When we receive your letter, we must do two things: 

1.  Within  30  days  of  receiving  your  letter,  we  must  tell  you  that  we  received  your  letter.  We  will  also  tell  you  if  we  have 
already corrected the error. 

2.  Within  90  days  of  receiving  your  letter,  we  must  either  correct  the  error  or  explain  why  we  believe  the  statement  was 
correct. 

While we investigate whether or not there has been an error: 

• We cannot try to collect the amount in question, or report you as delinquent. 

• The charge in question may remain on your statement, and we may continue to charge you interest on that amount. 

• While you do not have to pay the amount in question, you are responsible for the remainder of your balance. 

• We can apply any unpaid amount against your credit limit. 

After we finish our investigation, one of two things will happen: 

• If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount. 

• If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and 
fees.  We  will  send  you  a  statement  of  the  amount  you  owe  and  the  date  payment  is  due.  We  may  then  report  you  as 
delinquent if you do not pay the amount we think you owe. 

If you receive our explanation but still believe your bill is wrong, you must write to us within 10 days telling us that you still 
refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your bill. We 
must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when 
the matter has been settled between us. 

If we do not follow all of the rules above, you do not have to pay the first $50 of the amount you question even if your bill is 
correct. 

YOUR RIGHTS IF YOU ARE DISSATISFIED WITH YOUR CREDIT PURCHASES If you use your card to make a purchase 
and you are dissatisfied with the goods or services that you receive, you may have the right not to pay the remaining amount 
due on the purchase. 
To use this right, all of the following must be true: 
1.  The  purchase  must  have  been  made  in  your  home  state  or  within  100  miles  of  your  current  mailing  address,  and  the 
purchase  price  must  have  been  more  than  $50.  (Note:  Neither  of  these  are  necessary  if  your  purchase  was  based  on  an 
advertisement we mailed to you, or if we own the company that sold you the goods or services.) 
2. You must have used your Card for the purchase. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3. You must have not yet fully paid for the purchase. 

If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in writing at: Fingerhut Credit 
Account Services, P.O. Box 1250, St. Cloud, MN 56395-1250. 

While we investigate, the same rules apply to the disputed amount as discussed above. After we finish our investigation, we 
will tell you our decision. At that point, if we think you owe an amount and you do not pay we may report you as delinquent. 

CREDIT BUREAU DISPUTES If you believe we inaccurately reported credit history information about you or your Account 
to a credit reporting agency, call us at 1-866-734-0342 or write to us at: Credit Bureau Reporting Services, 6250 Ridgewood 
Road, St. Cloud, MN 56303. Please provide the Fingerhut Credit Account number along with a copy of your credit bureau 
report reflecting the information that you believe is inaccurate. 

Arbitration By requesting an Account from us and accepting this Agreement, you agree that if a dispute of any kind arises 
out  of  this  Agreement,  either  you  or  we,  at  our  sole  discretion,  can  choose  to  have  that  dispute  resolved  by  binding 
arbitration. If arbitration is chosen by any party, neither you nor we will have the right to litigate that claim in court or to have 
a jury trial on that claim, or to engage in pre-arbitration discovery, except as provided for in the arbitration rules. In addition, 
you  will  not  have  the  right  to  participate  as  a  representative  or  member  of  any  class  of  claimants  pertaining  to  any  claim 
subject  to  arbitration.  The  arbitrator’s  decision  will  generally  be  final  and  binding.  Other  rights  that  you  would  have  if  you 
went to court may also not be available in arbitration. It is important that you read the  entire Arbitration provision carefully 
before accepting the terms of this Agreement. Notwithstanding any language of this Agreement to the contrary, should any 
portion of this Arbitration provision be held invalid or unenforceable by a court or other body of competent jurisdiction, this 
entire  Arbitration  provision  shall  be  automatically  terminated,  but  all  other  provisions  of  this  Agreement  shall  remain  in full 
force and effect. Any claim, dispute or controversy (whether in contract, regulatory, tort or otherwise, whether preexisting, 
present  or  future  and  including  constitutional,  statutory,  common  law,  intentional  tort  and  equitable  claims)  arising  from or 
relating to the credit offered or provided to you; the actions of yourself, us, or third parties; or the validity of this Arbitration 
provision (individually and collectively, a “Claim”), must, after an election by you or us, be resolved by binding arbitration in 
accordance  with  the  Arbitration  provision  and  the  Commercial  Arbitration  Rules  of  the  American  Arbitration  Association 
(“AAA”) in effect when the Claim is filed. There shall be no authority for any Claims to be arbitrated on a class action basis. 
An arbitration can only decide your or our Claim and may not consolidate or join the claims of other persons who may have 
similar  claims.  You  may  obtain  rules  and  forms  by  calling  the  AAA  at  1-800-778-7879.  Any  arbitration  hearing  that  you 
attend will take place in the Federal judicial district where you reside. At your request, we will advance the first $250.00 of 
the filing and hearing fees for any Claim you may file against us; the arbitrator will decide whether you or we will ultimately 
pay  those  fees.  Unless  inconsistent  with  applicable  law,  each  party  shall  bear  the  expense  of  their  respective  attorneys, 
experts,  and  witness  fees,  regardless  of  which  party  prevails  in  the  arbitration.  The  arbitrator  shall  apply  applicable 
substantive law consistent with the Federal Arbitration Act and  applicable statutes of limitations, and shall honor claims of 
privilege  recognized  at  law.  Judgment  upon  the  award  rendered  by  the  arbitrator  may  be  entered  in  any  court  having 
jurisdiction.  This  Arbitration  provision  shall  survive  repayment  of  your  extension  of  credit  and  termination  of  your  Account. 
This Arbitration provision shall be governed by the Federal Arbitration Act, 9 USC Sections 1 through 16. 

Ohio Residents: The Ohio laws against discrimination require that all creditors make credit equally available to all 
creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon 
request. The Ohio Civil Rights Commission administers compliance with this law. 

Married Wisconsin Residents: No provision of any marital property agreement, unilateral agreement, or court decree 
under Wisconsin’s Marital Property Act will adversely affect a creditor’s interest unless prior to the time credit is granted, the 
creditor is furnished a copy of that agreement or decree or is given complete information about the agreement or decree. 

All accounts, including New York/Rhode Island/Vermont Residents: You agree to give MetaBank permission to access 
your credit report in connection with any transaction, or extension of credit, and on an ongoing basis, for the purpose of 
reviewing your Account, adjusting the credit line on your Account, taking collection action on your Account, or for any other 
legitimate purposes associated with your Account. Upon your request, you will be informed of whether or not a consumer 
credit report was ordered, and if it was, you will be given the name and address of the consumer reporting agency that 
furnished the report. New York residents can contact the New York State Banking Department: 1-800-518-8866. 

California and Utah Residents: As required by law, you are hereby notified that a negative credit report reflecting on your 
credit record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit obligations. 

Texas Residents: To contact us about your account call 1-800-208-2500. This contract is subject in whole or in part to 
Texas law which is enforced by the Consumer Credit Commissioner, 2601 North Lamar Boulevard, Austin, Texas 78705-
4207. Phone 1-800-538-1579; www.occc.state.tx.us. Contact the Commissioner relative to any inquires or complaints. 

 
 
 
 
 
 
 
 
 
 
 
 
MetaBank Fingerhut Credit Account Key Credit Terms 

Interest Rates and Interest Charges 

Annual Percentage Rate 
(APR) for Purchases 

0% Introductory APR for the 1st 6 billing cycles from account open date. 

After that your APR will be 24.90%. 

How to Avoid Paying 
Interest 

Your due date is at least 24 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. 

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

Minimum Interest 
Charge 

For Credit Card Tips 
from the Federal 
Reserve Board 

Fees 
Penalty Fees 

To learn more about factors to consider when applying for or using a credit 
card, visit the website of the Federal Reserve Board at 
http://www.federalreserve.gov/creditcard. 

 

Late Payment 

  Up to $30.00 

  Returned Payment 

  Up to $30.00 

How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases).” 
See Important Credit Disclosures For MetaBank/Fingerhut Credit Programs for more details. 

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided above 
in the “Your Billing Rights” section. 
 See Important Credit Disclosures for MetaBank/Fingerhut Credit Programs for more details.