FR833282333_WALMART MASTERCARD 
T&C DC PDF
9/14

SYNCHRONY BANK
RATES AND FEES TABLE
WALMART® MASTERCARD® ACCOUNT AGREEMENT
PRICING INFORMATION

Interest Rates and Interest Charges

Annual Percentage Rate 
(APR) for Purchases

APR for Cash Advances

Paying Interest

The APR for purchases is the prime rate plus (i) 13.65% for Account Type 1, (ii) 16.65% for 
Account Type 2 or (iii) 19.65% for Account Type 3.
Rates are determined when you open your account, based on your creditworthiness and 
other factors.

These APRs will vary with the market based on the Prime Rate.

The APR for cash advances is the prime rate plus (i) 16.65% for Account Type 1, (ii) 19.65% 
for Account Type 2 or (iii) 22.65% for Account Type 3.
Rates are determined when you open your account, based on your creditworthiness and 
other factors.

These APRs will vary with the market based on the Prime Rate.

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. We will begin charging interest on cash advances on the transaction date.

Minimum Interest Charge

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

Fees

Transaction Fees

• Cash Advance

Either $5 or 3% of the amount of each cash advance, whichever is greater.

• Foreign Transaction

3% of each transaction.

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 
that follows for more details.

SECTION II: RATES, FEES AND PAYMENT INFORMATION 
WALMART® MASTERCARD® 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 is the applicable APR times 
1/365. Interest will be imposed in amounts or at rates not in excess of those permitted by applicable law.

For Account Type 1:

The  APR  for  purchases  is  the  prime  rate  plus  13.65%.  As  of  June  2,  2014  the  daily  rate  for  purchases  was  .04631%  
(APR 19.90%).

The APR for cash advances is the prime rate plus 16.65%. As of June 2, 2014 the daily rate for cash advances was .05453%  
(APR 19.90%).

For Account Type 2:

The  APR  for  purchases  is  the  prime  rate  plus  16.65%.  As  of  June  2,  2014  the  daily  rate  for  purchases  was  .05453%  
(APR 19.90%).

The APR for cash advances is the prime rate plus 19.65%. As of June 2, 2014 the daily rate for cash advances was .06274%  
(APR 22.90%).

For Account Type 3:

The  APR  for  purchases  is  the  prime  rate  plus  19.65%.  As  of  June  2,  2014  the  daily  rate  for  purchases  was  .06274%  
(APR 22.90%).

The APR for cash advances is the prime rate plus 22.65%. As of June 2, 2014 the daily rate for cash advances was .07096%  
(APR 25.90%).

Daily Rates May Vary. The APRs and the daily rates on your account vary with the market based on the prime rate. The 
prime rate for a billing cycle is the highest bank prime loan rate published in The Wall Street Journal in its Money Rates section 
on the 15th day (or the next business day if the 15th day is not a business day) of the calendar month preceding the first day 
of the billing cycle.
If the prime rate increases, the daily rates and APRs will increase. As a result, interest, your total minimum payment and the 
number of payments it would take you to pay off your account balance may increase. We apply any change in rates because 
of a prime rate change to your entire account balance. A change in the prime rate will take effect on the first day of the first 
billing cycle after the change. We may select a new interest rate index if the prime rate is not available.

Purchases. We charge interest on your purchases from the date you make the purchase until you pay the purchase in full. 
See exceptions below.
1. 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.
2. 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.

Cash Advances. We charge interest on your cash advances, and their related fees, from the date you make the transaction 
until you pay them in full. You cannot avoid paying interest on cash advances or their related fees.

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, as 
applicable: purchases, cash advances 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; 
(b) debt cancellation fees are added proportionately to each balance;
(c) cash advance fees are added to the cash advance balance; and
(d) foreign transaction fees are added to the purchase 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. 

When We Charge 
Interest 

How We 
Calculate Interest

How Fees Work

Cash Advance 
Fee

Foreign 
Transaction Fee

We will charge this fee for each cash advance you make. For ATM cash advances this fee is in addition to any fee the ATM 
owner may charge you for use of the ATM.

We will charge this fee for purchases or cash advances you make in currencies other than U.S. dollars and/or in a country other 
than the U.S., whether or not the transaction was in a foreign currency. 
If you make a transaction with your account in a currency other than U.S. dollars, MasterCard will convert the transaction 
amount into U.S. dollars using its currency conversion procedure. Under the currency conversion procedure that MasterCard 
currently uses, the non-U.S. dollar transaction amount is converted into a U.S. dollar amount by multiplying the transaction 
amount in the non-U.S. dollar currency by a currency conversion rate. The currency conversion rate that MasterCard typically 
uses is either a government mandated rate, or a wholesale rate provided to MasterCard. The currency conversion rate that 
MasterCard uses for a particular transaction is the rate MasterCard uses for the applicable currency when the transaction is 
processed. This rate may differ from the rate in effect when the transaction occurred or when it was posted to your Account, 
and may be higher than the rate you could have gotten if you had converted U.S. dollars into the foreign currency.

Late Payment Fee

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.

Minimum Payment Calculation
Your total minimum payment is calculated as follows.
The greater of:

1.  $25, or $35 (which includes any past due amounts) if you have failed to pay the total minimum payment due by the due date in any one or more  

of the prior six billing cycles.
OR

 2. The sum of:

a.  Any past due amounts; PLUS
b.  1% of your new balance shown on your billing statement (excluding any balance in connection with a special promotional purchase with a unique 

payment calculation); PLUS

c.  Any late payment fees charged in the current billing cycle; PLUS
d.  All interest charged in the current billing cycle; PLUS
e.  Any payment due in connection with a special promotional purchase with a unique payment calculation.

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.
Special Promotional Financing Offer Information
At  times,  we  may  offer  you  special  financing  promotions  for  certain  transactions  (“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. Below is a description of certain special promotions that may be offered: 

•  No Interest if Paid in Full Within 6 Months

•  No Interest if Paid in Full Within 12 Months

•  No Interest if Paid in Full Within 18 Months

•  No Interest if Paid in Full Within 24 Months

For each promotion, if the promotional balance is not paid in full within the promotional period, 
interest will be imposed from the date of purchase at the variable Purchase APR that applies to 
your account when the promotional purchase is made.
At the time your account is opened, this is the variable APR applicable to your account.
Your Purchase APR will vary with the market based on the prime rate.

When you make a qualifying purchase under one of these promotions, no interest will be assessed on the purchase if you pay the following (the “promotional 
balance”) in full within the applicable promotional period: (1) the promotional purchase amount, and (2) any related optional credit insurance/debt cancellation 
charges.  If  you  do  not,  interest  will  be  assessed  on  the  promotional  balance  from  the  date  of  the  purchase.  Minimum  monthly  payments  are  required. 
Some  or  all  of  the  minimum  payment  based  on  the  promotional  balance  may  be  applied  to  other  account  balances.  Regular  account  terms  apply  to  
non-promotional purchases and, after promotion ends, to promotional purchases. Offers are subject to credit approval. These promotional offers may not 
be available at all times for all purchases. Please see any special promotion advertising or other disclosures provided to you for the full terms of any special 
promotion offered. 

SECTION III: STANDARD PROVISIONS  
WALMART® MASTERCARD® ACCOUNT AGREEMENT

ABOUT THE CREDIT CARD AGREEMENT
This Agreement. This is an Agreement between you and Synchrony 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”. 
Synchrony 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 personal, family or household purposes. You may use your account for purchases 
from Walmart locations and from any merchant that accepts MasterCard credit cards. You also may use your credit card for quick cash advances that we 
may offer at participating Walmart owned registers (not at registers in leased departments) in Walmart stores. Each quick cash advance may only be in 
increments of $20.00, up to any limit we may set and may only be obtained if you are making an approved purchase with your credit card. No more than 
one quick cash advance may be obtained on your account each day. Quick cash advances will be treated as purchases for the purpose of calculating 
interest. You may get cash advances. You may not use your account to pay amounts you owe us on this account or on any other account you have with us.

Cash Advances. We may offer you the opportunity to get a cash advance with convenience checks that we send you. We may not honor a convenience 
check for any reason stated on the check. You can also get cash or make a withdrawal from any institution or ATM that accepts the card or the account. 
In addition, we will treat any purchase of certain cash like items as cash advances. Cash like items include for example, money orders, cashier’s checks, 
traveler’s  checks,  electronic  or  wire  transfers,  foreign  currency  or  other  in  bank  transactions,  tax  payments,  lottery  tickets  or  other  legalized  gambling 
transactions, court costs, bail bonds and fines.

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.

Transaction Limits. To prevent fraud, we may limit the number or dollar amount of any type of transactions 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 and cash advance limit on your account that we may increase or decrease from time to time. If we approve 
a transaction that makes you go over your credit limit or your cash advance limit, we do not give up any rights under this Agreement and we do not treat 
it as an increase in either 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 Walmart or Sam’s Club 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 Wal-Mart Stores, Inc. information about yourself that we 
could share with each other. Wal-Mart Stores, 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 965024,  
Orlando, FL 32896-5024. 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 1-866-611-1148. 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 Wal-Mart Stores, 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 Synchrony Bank, Legal Operation, P.O. Box 29110, Shawnee Mission, KS 66201-5320, 
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, 1-800-778-7879, or JAMS, 620 Eighth Avenue, 
34th Floor,New York, NY 10018, www.jamsadr.com, 1-800-352-5267. 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 Synchrony Bank,  
P.O. Box 965012, Orlando, FL 32896-5012. This is the only way you can reject this section.

 
 
 
 
 
 
 
 
 
 
 
 
 
SECTION IV: OTHER IMPORTANT INFORMATION 
WALMART® MASTERCARD® 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_WALMART MASTERCARD 
T&C DC PDF
9/14