RETAIL INSTALLMENT CREDIT AGREEMENT  

In  this  Agreement,  the  words  “you”  and  “your”  refer  to  any  person  who  signs  this  Agreement,  has 
requested and is issued a Tiffany & Co. credit card, or is authorized to use this Tiffany & Co. credit card 
account (“Account”); “we”, “us”, “our”, and “Tiffany & Co.” refer to Tiffany and Company, Fifth Avenue 
and 57th Street, New York, NY 10022, and any person to whom this Account may be assigned.  

1 PROMISE TO PAY/WHEN AGREEMENT IS EFFECTIVE  

When  you  sign  the  Application  for  this  Account,  you  will  be  agreeing  to  everything  written  here. 
Therefore, before you sign the Application, you should read this entire Agreement, which includes the cost-
of-credit  disclosures  required  by  Federal  Law.  The  information  you  provide  on  the  Application  that 
identifies you is incorporated in this Agreement by reference. This Agreement will not be effective until we 
approve your Application, and then after that, only if you or someone authorized by you signs a sales slip 
or otherwise charges a purchase to this Account. Also, until you or someone authorized by you uses this 
Account, you will not be responsible for any use of the credit card after its loss or theft.

2 COST OF CREDIT  

(a) As required by applicable law, the following chart sets forth some of the terms of the Account:  

Interest Rates and Interest Charges 
Annual Percentage 
Rates (APR) for 
Purchases 

How to Avoid Paying 
Interest on Purchases 
Minimum Interest 
Charge 
For Credit Card Tips 
from the Federal 
Reserve Board 

8% - 21%  
The APR varies by state; please see the “State Specific Interest Rates and Interest 
Charges” table below in this account agreement.  
Your due date is at least  25 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 $0.50. 

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. 

Fees 
Annual Fee 
Penalty Fees 

None 

• 

Late Payment 

$0.00 to $10.00.  This fee will vary by state; please see Paragraph 5 below in this 
account agreement. 

• 
Returned  
           Payment 

$0.00 to $25.00.  This fee will vary by state; please see Paragraph 5 below in this 
account agreement. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
State Specific Interest Rates and Interest Charges 
ANNUAL PERCENTAGE RATE 
(APR) for Purchases 

If you live in: 

California 

Arkansas 

Connecticut, Washington, 
Michigan 
Hawaii, North Carolina, 
Massachusetts, South Carolina, 
Minnesota, Louisiana 
Florida 

Nebraska, Guam 

Alabama 

West Virginia 

Kentucky 

Grace Period for repayment of balances  30 days on average 

All other states, Puerto Rico 
and the District of Columbia 

The APR is: 

10% (1) 
17% (2) 
12% (3) 
18% (4) 

15% (5) 
18% (4) on balances of $500 or 
                    more; 
21% (6) on all other balances 
18% (4) on balances between 
                    $750 and $2,000;  
21% (6) on all other balances.   
18% (4) on balances of $750 or 
                    less;        
12% (3) on balances greater  
                   than $750.                        
8%   (7) on balances of $15,000  
                    and under; 
21% (6) on balances above 
                    $15,000. 
21% (6) 

Method of computing the balance 
Annual Fee 
Minimum finance charge 

Average daily balance (excluding current transactions) 
None 
If you live in: 

The minimum finance charge is: 

Hawaii, Arkansas, 
District of Columbia, 
Maryland, Nebraska, 
Michigan, North Carolina, 
South Carolina, Arizona, and 
Guam 

None 

All other states 

$0.50 
(1) Monthly Periodic Rate of 0.833% 
(2) Monthly Periodic Rate of 1.4166% 
(3) Monthly Periodic Rate of 1.000% 
(4) Monthly Periodic Rate of 1.500% 
(5) Monthly Periodic Rate of 1.250% 
(6) Monthly Periodic Rate of 1.750% 
(7) Monthly Periodic Rate of 0.666% 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
How We Will Calculate Your Balance:  We use a method called “average daily balance (excluding new 
purchases).”  See Paragraph 3 of this account agreement for more details. 

Your Billing Rights:  Information concerning your rights to dispute transactions and how to exercise those 
right is provided in the “Your Billing Rights” section below the signature line in this account agreement. 

(b) Regular Terms: Unless the “No Interest Charge Option” is selected, no Interest Charge will be imposed 
in any monthly billing period (1) in which there is no balance at the beginning of the billing period (the 
“Previous Balance”) or (2) in which payments received and credits issued within one month after the 
Billing Closing Date (the “Payment Due Date”) equal or exceed the Previous Balance. If we do not receive 
the full amount due (the “New Balance”) by the Payment Due Date, a Interest Charge will be computed on 
the outstanding balance from month to month by applying the applicable Monthly Periodic Rate set forth 
above to the balance explained in paragraph 3 below.  

(c) No Interest Charge Option: If any item is designated as “Interest Free” on the sales invoice or otherwise 
at the point of sale, you will only be required to pay a fixed percentage of the amount of said item at the 
time of sale, with the remaining balance to be paid in equal monthly installments, the number of which 
shall be set forth in the sales invoice. The amount of each such installment will be included in the 
Minimum Payment Due figure on each statement. No Interest Charge will be imposed on the balance 
attributable to that purchase as long as the Minimum Payment Due shown on your monthly billing 
statement is paid in full by the Payment Due Date shown on that statement. If, in any billing cycle, the 
Minimum Payment Due is not paid in full and when due, a Interest Charge will begin to accrue and will be 
imposed on the entire balance in your Account under our Regular Terms, beginning in the next billing 
cycle.  

3 METHOD OF COMPUTING INTEREST CHARGE  

We  figure  the  Interest  Charge  on  your  Account  by  applying  the  monthly  Periodic  Rate  to  the 
“Average  Daily  Balance”  of  your  Account  (excluding  current  transactions).  To  get  the  “Average  Daily 
Balance” we take the beginning balance of your Account each day and subtract any payments or credits, re-
turned check fees, late fees, and any unpaid Interest Charges. We do not add in any new purchases. This 
gives us the daily balance. Then, we add all the daily balances for the billing cycle together and divide the 
total by the number of days in the billing cycle. This gives us the “Average Daily Balance”. 

4 MINIMUM MONTHLY PAYMENTS  

You agree to pay at least the Minimum Payment Due shown on your monthly statement on or before 
the Payment Due Date shown on that statement. Your Minimum Payment Due will be four percent (4.0%) 
of the New Balance, but not less than $20, or the entire New Balance if the New Balance is less than $20, 
except  that,  (i)  if  you  live  in  Vermont,  the  minimum  monthly  payment  will  be  not  less  than  1/48  of  the 
balance  after  the  last  advance  in  the  billing  period,  (ii)  if  you  live  in  California,  the  minimum  monthly 
payment will be 10% of the New Balance, and (iii) if you live in West Virginia, your Minimum Payment 
Due will be 1/12 of 25% of the New Balance. If you live in South Carolina, 40% of your payment will be 
applied to outstanding principal. The Minimum Payment Due will include the entire amount of any check 
processing fee and any past due amount. If any item is designated as an “Interest Free” on the sales invoice 
or otherwise at the point of sale, the minimum monthly payment amount for that item will be a percentage 
of its total cash price (or multiple items that qualify for this option), and the minimum monthly payment 
amount for this option will be added to the regular minimum monthly payment amount, if any, to arrive at 
the total Minimum Payment Due. All payments  must be  made in U.S. dollars by check drawn on a U.S. 
bank.  You  may  pay  more  than  the  Minimum  Payment  Due  in  any  month  but  if  you  do,  and  there  is  a 
balance due, you must continue to make minimum payments in future months. 

5 LATE FEE; RETURNED CHECK FEE  
(a) If any payment is received by us more than ten (10) days after the Payment Due Date for such payment, 
you may be required to pay a "Late Payment Fee" of $10.00, subject to the following exceptions (see table 
below):  

 
 
 
 
 
 
 
 
 
If you live in:  

The late fee will be:  

And/or the number of days before the fee 
is assessed will be:  

Indiana, Nebraska, South Carolina, 
Minnesota  
Kansas, Missouri, Arizona  

North Carolina  

$5.00  

$5.00, where the late 
payment is $25.00 or less  

$5.00, if the balance of the 
Account is less than $100.00  

West Virginia, Virginia  

5%, not to exceed $10.00  

Massachusetts  

10%, not to exceed $10.00  

15  

New Mexico, Tennessee, South 
Dakota, New Hampshire, Hawaii, 
Delaware, Oklahoma, Connecticut, 
Wyoming, Guam  

No late fee  

Maine, Arkansas  

Texas  

$10  

$10  

15  

21  

(b) If any check sent to us in payment on your Account is drawn on a foreign bank or is returned to us 
unpaid by the bank, to the extent permitted by applicable law, we may charge you a fee of $25.00 to cover 
our processing costs and you agree that we may add such fee to the balance due on your Account, subject to 
the following exceptions (see table below):  

The returned check fee will be:  
$20.00  
$15.00  
$10.00  

No returned check fee.  

If you live in:  
Iowa, New Jersey, Utah  
Texas, California  
Arizona  

Maine, South Carolina, North Carolina, 
Michigan, Hawaii, Florida, Illinois, 
Connecticut, Delaware, District of 
Columbia, Nebraska, Massachusetts, 
Minnesota, Pennsylvania, New Hampshire, 
New Mexico, North Dakota, South Dakota, 
West Virginia, Rhode Island, Washington, 
Wyoming, Puerto Rico, Guam 

6 DEFAULT/COLLECTION COSTS  

If you fail to pay any minimum monthly payment when due, if you declare bankruptcy, or if you die, 
it will be a default, and subject to any right you may have under state law to receive notice of and to cure 
such default, we may declare the entire unpaid balance in the Account due and payable. If the Account is 
referred to an attorney who is not our salaried employee and we prevail in a suit against you to collect the 
amount you owe, in addition to the full amount owed and any court costs, you agree to pay our reasonable 
attorneys’ fees. No attorneys’ fees will be imposed in any state, or in any amount, where not permitted by 
law. We will pay your reasonable attorneys’ fees if you prevail in a suit we bring against you under this 
Agreement.  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.  

 
 
 
 
 
 
 
 
 
 
7 CANCELING OR LIMITING YOUR CREDIT  

Unless otherwise provided by applicable law, we have the right at any time to limit or terminate the 
use of your Account without giving you notice in advance. All credit cards we issue remain our property 
and, if requested, you agree to return any credit card issued to you. You agree to notify us promptly (call us 
toll free at Tel. No. 18008271396) if any credit card we issue to you is lost or stolen.  

8 CHANGE IN THIS AGREEMENT  

We may change any term of this Agreement, including the rate of Interest Charge, by furnishing you 
notice of the change to the extent required by applicable law. If permitted by applicable law, any new terms 
may, at our option, be applied to any balance existing in the Account at the time of the change, as well as to 
any subsequent transactions.  

9 CREDIT INVESTIGATION  

You  authorize  us  to  investigate  your  credit  history  by  obtaining  consumer  reports  and  by  making 
direct inquiries of businesses where you have accounts and where you work. We may request a consumer 
report from consumer reporting agencies in considering your application for this Account and later in con-
nection with an update, renewal, or extension of credit. Upon your request we will tell you whether or not a 
consumer report was requested and the name and address of any consumer reporting agency that furnished 
the report. You also authorize us to report your performance under this Agreement to credit bureaus and 
others who may properly receive such information.  

10 DISPUTED AMOUNTS  

All  written  communications  concerning  disputed  amounts,  including  any  check  or  other  payment 
instrument in an amount less than the full amount due that you send to us marked “paid in full” you tender 
with other conditions or limitations, or you otherwise tender as full satisfaction of a disputed amount, must 
be sent to us at the address for billing inquiries shown on the billing statement. For important information 
regarding your right to dispute billing errors under Federal Law, see the “Your Billing Rights Notice” that 
accompanies your copy of this Agreement.  
11 MARKETING INFORMATION  

To the extent permitted by applicable law, you give us and any holder of this Agreement permission 
to  furnish  information  about  you  (usually  only  your  name,  address  and  other  identifying  data)  to  other 
persons  who  may  use  that  information  to  solicit  you  for  products  or  services.  You  can  request  that  we 
discontinue furnishing this information by calling us toll free at 1-800-827-1396 or by writing us at Tiffany 
& Co., P.O. Box 6150, Parsippany, New Jersey 07054-9693.  

12 DISPUTE RESOLUTION  

The exclusive means of resolving any controversy or claim arising out of or relating to this Agreement 
or any related purchase contract, or the breach, termination or invalidity of any of the foregoing shall be in 
the applicable state and federal courts. The parties hereby waive the right to punitive or exemplary damages 
but  shall  have  the  right  to  reasonable  attorneys’  fees  and  other  court  related  costs  awardable  to  the 
prevailing party.  
13 CHANGE OF ADDRESS AND GOVERNING LAW  

This Agreement is governed by the law of your state of residence when this Account was opened. You 
agree to notify us promptly in writing if you move. Until we receive written notice of your new address, we 
will continue to send monthly statements and other notices to the address you gave on the Application for 
this  Account.  Once  we  receive  written  notice  that  you  have  moved  to  another  state,  the  terms  of  this 
Agreement  that  are  applicable  to  your  new  state  of  residence  will  apply  to  the  entire  balance  in  your 
Account.  

Notice  to  Maryland  Residents:  This  Account  is  governed  by  Subtitle  9,  Title  12  of  the  Maryland 
Commercial Law Article.  

Notice  to  Texas  Residents:  The  Interest  Charge  rate  shown  above  is  authorized  under  the  Market 
Competitive Rate ceiling in effect under Tex. Rev. Civil. Stat. Article 50966.03. To contact Tiffany & Co. 
about this account, call us toll free at 18008271396. 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, TX 
787054207. Phone (512) 4791285 or 18005381579. Contact the Commissioner relative to any inquiries or 
complaints.  

NOTICE:  ANY  HOLDER  OF  THIS  CONSUMER  CREDIT  CONTRACT  IS  SUBJECT  TO  ALL 
CLAIMS  AND  DEFENSES  WHICH  THE  DEBTOR  COULD  ASSERT  AGAINST  THE  SELLER 
OF  GOODS  OR  SERVICES  OBTAINED  PURSUANT  HERETO  OR  WITH  THE  PROCEEDS 
HEREOF.  RECOVERY  HEREUNDER  BY  THE  DEBTOR  SHALL  NOT  EXCEED  AMOUNTS 
PAID BY THE DEBTOR HEREUNDER.  
Notice: See reverse side for important information regarding your rights to dispute billing errors.  

BY  SIGNING  THE  ACCOMPANYING  ACCOUNT  REQUEST  FORM,  YOU  ACKNOWLEDGE 
RECEIPT OF A COPY OF THIS RETAIL INSTALLMENT CREDIT AGREEMENT.  

TIFFANY & CO.  
Fifth  Avenue  and  57th  Street 
New York, NY 10022  
By:  

Vice President – Treasury 

DISCLOSURE REQUIRED BY FEDERAL LAW. 
YOUR BILLING RIGHTS. KEEP THIS NOTICE FOR FUTURE USE. 

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 to us at: 
Tiffany & Co 
15 Sylvan Way 
Parsippany, NJ 07054-9693 

In your letter, give us the following information: 
• 
• 
• 

Account information: Your name and 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. 
While we investigate whether or not there has been an error, the following are true: 
• 

We cannot try to collect the amount in question, or report you as delinquent on that 

amount. 

• 

The charge in question may remain on your statement, and we may continue to charge 

you interest on that amount.  But, if we determine that we made a mistake, you will not have to pay the 
amount in question or any interest or other fees related to 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. 

Your Rights If You Are Dissatisfied With Your Credit Card Purchases 

If you are dissatisfied with the goods or services that you have purchased with your credit card, 
and you have tried in good faith to correct the problem with the merchant, 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 credit card for the purchase.  Purchases made with cash 

advances from an ATM or with a check that accesses your credit card account do not qualify. 

3. 
If all of the criteria above are met and you are still dissatisfied with the purchase, contact us in 

You must not yet have fully paid for the purchase. 

writing at: 

Tiffany & Co 
15 Sylvan Way 
Parsippany, NJ 07054-9693 

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. 

ACCOUNT AGREEMENT  

727 Fifth Avenue, New York, NY 10022  
(212) 755-8000  

For Tiffany store location or inquires, call 1-800-827-1396.