CREDIT CARD AGREEMENT

F03-Y003-4

Introduction
YOUR CARDHOLDER AGREEMENT
This document, together with your Rates and Fees Table, and any amendments make up the 
contract between you, the cardmember, and Citizens Bank, N.A. Any special offers related 
to your Account are subject to this Agreement, unless explained otherwise. We will refer 
to this document as your “Agreement.” THIS AGREEMENT CONTAINS AN ARBITRATION 
PROVISION INCLUDING A NOTICE REGARDING THE RIGHT TO OPT OUT.

ACCEPTANCE OF YOUR AGREEMENT
Your use of the Account or any payment on the Account indicates your acceptance of the 
terms of this Agreement. 

Any Cards or checks issued to you belong to us. You agree to sign each Card before you 
use it. You agree to return your Cards and checks to us at any time, if we ask you. When you 
present your Card, we, a merchant, or any other party acting on our behalf can retain your 
Card, without prior notice to you.

CHANGES TO YOUR AGREEMENT
We may change the terms of this Agreement, including but not limited to Annual Percentage 
Rate (APR) and fees, from time to time. We may also add new terms, delete terms, or 
change any benefit, service, or feature on your Account. We may do this in response to the 
business, legal or competitive environment. Our ability to make changes to this Agreement is 
limited by applicable law. If required by applicable law, we will provide notice of the change 
to you before the effective date of the change. We will tell you in the notice if you have the 
right to reject the change.

PROMISE TO PAY
We have agreed to lend you money as described in this Agreement, and you agree to pay 
us back together with interest charges and fees. This promise includes paying for charges 
you make (even if you do not present your Card or sign the transaction), charges that other 
people make if you let them use your Account, and charges that additional authorized users 
make or permit others to make.

REWARDS
Your Account might provide you with the opportunity to earn rewards. If it does, we will 
separately provide you with a Reward Guide containing information and terms about your 
rewards.

WORDS USED IN THIS AGREEMENT
“Account” means the relationship established between you and us in this Agreement.

“Card” means any one or more credit cards that we issue to you or someone else with your 
authorization under this Agreement.

“We,” “our” and “us” mean Citizens Bank, N.A., the issuer of your credit Card and the 
creditor under this Agreement, or any subsequent holder of this Agreement.

“You” and “your” mean anyone who

• applied for the Account (the “primary cardmember”),
• uses or maintains the Account, or
•  otherwise agrees to pay for the Account or be obligated under

this Agreement.

Using your account
AUTHORIZED USERS
If you ask us to issue a Card on this Account to another person or if you allow any person 
to use your Account, he or she is an authorized user. You are responsible for any use of 
your Account by an authorized user. Your Account does not permit you to limit the nature 
or amount of authority you give to any authorized user and you will not attempt to do so. An 
authorized user’s authority will continue until you (i) notify us that you are terminating the 
authority and (ii) you physically retrieve any Card, checks and any other means of access to 
your Card. Otherwise, you will remain liable for any transactions that we cannot prevent.

Each authorized user’s privilege ends automatically upon the death of all of the primary 
cardmembers. If any person uses the Card after the privilege ends, such use indicates his 
or her agreement to pay us, and we may, at our discretion, pursue the person for payment 
of any balance or charge resulting from his or her use of the Card. You agree to notify each 
authorized user that he or she is subject to the terms of this Agreement.

YOUR CREDIT LIMIT
We assign a total credit limit to your Account that we agree to extend to you at any one time. 
The total credit limit will include a separate limit for cash advances. This information will be 
shown on your Account statement.

Your available credit will be the amount of your total credit limit, 
minus the sum of:

(i) the new balance, (ii) any purchases, balance transfers or cash advances which have been 
authorized but not yet posted to your Account, and (iii) the amount of any payments that 
have not yet cleared. We may change the amount of your total credit limit and the cash 
advance limit without prior notice to you.

You agree not to exceed any part of your total credit limit. Even if we permit transactions that 
exceed any part of your total credit limit, you are responsible for those transactions. If we 
refuse any such transaction, we may advise the person attempting the transaction that it has 
been refused and we are not responsible or liable for taking such action.

PURCHASES
You can use your Card to buy or lease goods or services. Each of these transactions is a 
purchase. In addition, any credit life insurance charges, payment protection plan charges, 
Account fees set forth below, and other fees that are charged to your Account (except cash 
advance transaction fees) are treated as purchases and will be subject to the interest rate for 
purchases.

BALANCE TRANSFERS
We may, at our sole option, allow you to pay an amount you owe on an account you have 
with other creditors. This is called a balance transfer. We may pay the balance transfer 
amounts you have authorized up to your total credit limit, unless otherwise limited by the 
terms of the balance transfer. Balance transfers may not be used to make payments on 
accounts issued or held by us or our affiliates. 

When you make a balance transfer, we will charge interest beginning on the transaction date, 
as described in more detail in the section Annual Percentage Rate and Interest. We will also 

charge you a transaction fee as described in your Rates and Fees Table. The transaction 
fee will accrue interest at the APR for purchases. Balance transfers and balance transfer 
transaction fees may also be subject to promotional, special or additional terms. Such terms 
will be included as part of your Agreement.

CASH ADVANCES
A Cash Advance means the use of your Account for a loan in the following ways: 

1) Obtaining cash from a financial institution or an ATM:

You can use your Card to obtain cash advances from any financial institution that accepts 
your Card and processes the transaction. The minimum amount of any cash advance you 
can obtain from a financial institution in one day is $20 and the maximum amount is $3,000 
or the available amount of your cash advance limit, whichever is less. 

You can also use your Card and personal identification number (PIN) to get a cash advance 
from any automated teller machine (ATM) that accepts your Card. The total amount of cash 
advances you can obtain from ATMs in one day is $500 or the available amount of your 
cash advance limit, whichever is less. We or the operators of ATMs may place additional 
limitations and requirements on cash advances you may obtain from ATMs.

Authorization for cash advances over a certain dollar amount or number may be refused 
under certain circumstances even though you have available cash. These restrictions may be 
for security or other reasons, such as the ATM or other electronic authorization system not 
working properly.

2) Convenience Checks:

A convenience check is any check we provide to you for accessing your account to obtain 
credit. A convenience check transaction is a cash advance. Convenience checks may not be 
used to make payment on any account issued or held by us or our affiliates. Convenience 
checks may be subject to promotional, special or additional terms, which are included as 
part of your Agreement. 

We may pay the amount you have authorized up to your available credit limit, unless 
otherwise changed by the terms of the offer. We reserve the right to put conditions on the 
use of these checks and to reject, decline and return unpaid any check at our discretion. If 
we decline a check, you may have to pay returned check fees or other penalties to whomever 
you wrote the check. If you ask us to stop payment on a check, you will be charged a stop 
payment fee. If you transfer a balance using a convenience check, that transaction will be 
treated like any other convenience check transaction, unless we tell you otherwise. We 
do not certify or return these checks. Convenience checks may include an expiration date 
printed on the check. We will honor checks received for payment before the expiration date 
printed on the check, provided your account is open and in good standing, with available 
credit.

3) Purchasing a Cash Equivalent:

You may use your Card to enter into a cash equivalent transaction. This includes purchasing 
travelers checks, savings bonds, foreign currency, money orders, wire transfers, lottery 
tickets, gift cards, gambling chips or wagers, or similar products or services as determined 
by us.

When you obtain a cash advance we will charge interest beginning on the transaction date, 
as described in more detail in the section Annual Percentage Rate and Interest. We will also 
charge you a transaction fee as described in your Rates and Fees Table. The transaction fee 
will accrue interest at the APR for cash advances.

FOREIGN TRANSACTION/CURRENCY CONVERSION

If a foreign transaction fee applies to your Account, we will charge you a fee for transactions 
that are conducted in a currency other than U.S. Dollars. This includes, for example, online 
or phone purchases where the transaction is conducted in a currency other than U.S. 
Dollars. This fee is calculated on the U.S Dollar amount of the transaction. The transaction 
fee is an interest charge that will accrue interest at the APR for purchases.

Our network providers (e.g., Mastercard) convert transactions in foreign currencies into 
U.S. dollars. The type of card you have determines who does the conversion. Each network 
provider follows its own procedures, which it may change from time to time without notice 
to you at its discretion.

The exchange rate will be determined using either the range of rates available in the 
wholesale currency markets for the processing date or a government- mandated rate in 
effect on that date. The exchange rate used by our network providers may differ from the 
rate on the date of your transaction. You agree to accept and pay the U.S. Dollar amount 
converted from a foreign currency as provided in this section. We will deduct the applicable 
fees from this amount. This means that the amount of the credit may be different from the 
amount that was originally charged to your Account for the transaction.

ALLOWED USE
You agree to use your Account only for lawful purposes. You agree not to make or allow to 
be made any transactions which are illegal under any state or federal law. We may decline to 
approve any transaction which we reasonably believe is illegal under any state or federal law.

Your billing statement and making payments
BILLING STATEMENTS
We will send you a billing statement each month that you have a credit or debit balance of 
more than $1, when an interest charge has been imposed, or when there has been activity 
in your Account, unless we deem your Account uncollectible or delinquency collection 
proceedings have been instituted against you. In our discretion, we may choose to send you 
a statement even if you do not have a credit or debit of $1 or more.

Your statement will show the total amount that you owe us as of the end of the last billing 
cycle. It will also show the minimum payment you must make to us by the stated due date.

NOTIFYING US IF YOU FIND A MISTAKE
Unless you notify us in writing within 60 days of receipt, your billing statement will be 
deemed to be correct.

HOW TO MAKE A PAYMENT
Payments may be mailed to the address shown on your billing statement. Payments 
made by mail must be accompanied by the return portion of your statement. Payments 
must be made in U.S. Dollars drawn on a federally-insured depository institution located 
in the U.S. You authorize us to collect any payment check either electronically or by 
draft.

In addition to accepting payments by mail, we may permit you to make payments by 
electronic means, including by telephone or Internet, subject to any terms we may 
impose on these alternative methods of payment, including charging an expedited 
service fee of which we will inform you at that time. Also, we may permit you to make 
payments in person at one of our branches.

HOW WE CREDIT PAYMENTS
Payments received at the address shown on your billing statement before 5:00 P.M. Eastern 
Time will be credited by us for that day. Payments received after this time will be credited 
for the next business day. If your payment due date is on a day on which we do not receive 

mailed payments, a mailed payment received on the next business day will not be treated 
as late.

If you do not use one of the ways to make payments stated in this Agreement, the return 
portion of your statement is damaged and we are unable to identify your Account, or you 
do not comply with the payment requirements stated on your statement, crediting of your 
payments may be delayed up to 5 days or your payment may be rejected.

If a payment is received in person at one of our branches before the actual time of closing of 
the branch at which the payment is made, it will be credited by us for that day.

MINIMUM PAYMENT
You must pay at least the minimum payment due by the payment due date. You may pay 
the entire amount you owe us at any time. The minimum payment due and payment due 
date are shown on each billing statement. You also agree to pay amounts in excess of your 
credit limit when billed to your monthly statements or sooner if we ask. If you do not pay the 
minimum payment by the due date, we may charge you a late payment fee.

HOW WE CALCULATE THE MINIMUM PAYMENT
If your new balance is $30 or less, your minimum payment will be the new balance. 
Otherwise, it will be the greater of (i) $30; or (ii) equal to the total billed Interest charges 
(excluding transaction fees for balance transfers, cash advances, foreign transactions, and 
cash equivalents), and any billed late payment fees and 1% of the new balance.

Any amount past due and any amount over your total credit limit or cash advance limit may 
be added to the minimum payment. Your minimum payment, exclusive of interest charges, 
will be rounded to the nearest whole dollar. We may change your minimum amount due 
including increasing your minimum amount due subject to applicable law.

If you exercise your right to cancel contained in a change-in-terms notification, we may 
increase your minimum amount due. We may require (i) a method in which the minimum 
periodic payment includes a percentage of the outstanding balance that is twice the 
percentage required before the increase or (ii) a method which incorporates an amortization 
period of not less than 5 years. We may also choose a method that is no less beneficial to 
you than the other two methods previously described.

HOW PAYMENTS ARE APPLIED
Payments less than or equal to the minimum amount due will be applied in any order 
that we shall from time to time choose. Generally, payments less than or equal to the 
minimum amount due are applied to introductory, promotional or low rate balances 
before we apply payments to balances that are subject to standard or higher rates, 
regardless of when the transaction is made. Any amount of your payments that is greater 
than the minimum amount due will be applied first to balances with the highest APR, 
and then to each successive balance with the next highest APR, until the payment is 
exhausted.

RESTRICTIVE ENDORSEMENTS
Any conditional check, money order or any other instrument tendered with a restrictive 
endorsement or as a full satisfaction of a disputed debt must be sent to our address for 
billing error notices shown on each statement and must conspicuously state on the face of 
that payment or in an accompanying letter that it is tendered for this purpose. If you make 
payment in any other way and we accept it, we will not have waived our right to collect any 
amount from you owed under this Agreement.

Annual percentage rate and interest

ABOUT YOUR ANNUAL PERCENTAGE RATES

The APR or “annual percentage rate” is an annualized interest rate. Different APRs apply 
to different balances (called transaction types) on your Account, such as the balances on 
purchases, balance transfers and cash advances.

Your APRs may be either fixed or variable. Your Rates and Fees Table and your statement 
disclose whether you have fixed or variable rates. If an APR is variable, it may vary monthly 
as the Index rate changes and will be reset on the first day of each billing cycle. The Index 
rate is described in your Rates and Fees table. If the Index increases, the variable APRs will 
increase. Any increase in your APRs will apply to all unpaid purchases, balance transfers and 
cash advances (regardless of the transaction date), will increase the interest charge and may 
increase the minimum payment.

HOW WE CALCULATE INTEREST
In General. We calculate the interest charge separately for each transaction type (purchases, 
balance transfers, and cash advances) as well as for any applicable promotional rate. This 
means that your Account may have separate balances for each transaction type. The total 
interest charged for a billing cycle is the sum of the interest charged for each balance.

We use the average daily balance (including new purchases) method, which means we 
calculate a daily balance for each type of transaction and use the daily balances to determine 
your interest charges. According to this method, we calculate the interest charge for each 
balance by

• applying the “daily periodic rate” to the “average daily balance” and
• multiplying the result by the number of days in the billing cycle.

WE CALCULATE ITS COMPONENTS IN THE FOLLOWING WAY:
The “daily periodic rate” is a daily interest rate. The daily periodic rate for each transaction 
type is equal to the APR for that transaction type divided by 365.

To get the “average daily balance” for each transaction type we add up the daily balances 
and then divide the result by the total number of days in the billing cycle. If any day’s daily 
balance is a credit balance, we will treat it as a balance equal to $0.00.

We calculate the “daily balance” by

• taking the “beginning balance” of the day,
• adding any new charges and applicable fees,
•  except for the first day of the billing cycle, adding the amount of any interest equal to the

prior day’s daily balance multiplied by the daily periodic interest rate, and

• subtracting any payments or credits.

The “beginning balance” for the first day of the billing cycle is generally the ending balance 
for the prior billing cycle, including unpaid interest. For the rest of the billing cycle, the 
beginning balance is the prior day’s daily balance.

The addition of the prior day’s interest to the daily balance calculation causes interest to 
compound daily. We may, at our discretion, round these amounts, subject to any restrictions 
under applicable law.

MINIMUM INTEREST CHARGE
If any interest charge is due, we will charge you at least the minimum interest charge shown 
on your Rates and Fees Table.

HOW TO AVOID INTEREST CHARGES
You can avoid interest charges on purchases if you pay your entire balance by the payment 
due date every month. You will not pay interest for an entire billing cycle (“interest-free 
period” or “grace period”) on new purchases and fees if you paid the entire balance by 
the payment due date on your previous billing statement. The interest-free period or grace 

period is the time when you are not charged interest on new purchases and fees. We will 
not charge you interest on any portion of a purchase balance you repay while that balance 
is subject to an interest-free period. The payment due date will be at least 21 days from the 
statement date. To maintain the interest-free period, you must continue to pay your entire 
balance every month.

You will lose your interest-free period if, at any time, you pay less than the entire balance 
shown on your billing statement. If you lose your interest-free period, the unpaid balance for 
purchases will be charged interest beginning on the transaction date and will continue to be 
charged until payment in full is credited to your Account. The transaction date for purchases 
is the day you make the purchase as shown on your statement.

Once the interest-free period is lost, you may owe interest charges even if you pay the entire 
balance stated on your most recent billing statement by the due date. This occurs because, 
interest continues to accrue every day on the balance shown on your most recent statement 
until your payment in full is credited to your Account. The interest charged from the date of 
the billing statement until the payment is credited to your Account will be included in your 
next billing statement.

There is no interest-free period for cash advance or balance transfer transactions. You will 
pay interest on cash advance and balance transfer transactions starting on the transaction 
date until you pay the entire amount in full. The transaction date for balance transfers is the 
day you make the balance transfer as shown on a statement. The transaction date for cash 
advances and related cash advance fees is the day you receive the cash advance.

MILITARY LENDING ACT INFORMATION
Federal law provides important protections to members of the Armed Forces and their 
dependents relating to extensions of consumer credit. In general, the cost of consumer 
credit to a member of the Armed Forces and his or her dependent may not exceed an annual 
percentage rate of 36 percent. This rate must include, as applicable to the credit transaction 
or account: The costs associated with credit insurance premiums; fees for ancillary products 
sold in connection with the credit transaction; any application fee charged (other than certain 
application fees for specified credit transactions or accounts); and any participation fee 
charged (other than certain participation fees for a credit card account). To hear the Military 
Lending Act Information, call 866-999-6336.

Default
YOU ARE IN DEFAULT IF ANY ONE OF THE FOLLOWING EVENTS HAPPEN
• you fail to make any payment when it is due;
• you have exceeded one or more of your credit limits;
• you provide us false, misleading, or fraudulent information;
• we become aware that you are using your Card for illegal or fraudulent purposes;
•  you fail to comply with any term of this Agreement or other agreements with us or any of

our affiliated banks;

•  you are not paying your debts as they become due or you are bankrupt or insolvency

proceedings are filed against you;

• a payment you made is rejected or cannot be processed;
• you die or are legally declared incompetent or incapacitated; or
•  we otherwise reasonably believe that you may be unwilling or unable to pay your debts on 

time.

OUR RIGHTS IF YOU ARE IN DEFAULT
We may reduce your total credit limit and/or your cash credit limit, increase your minimum 
payment, close your Account or suspend or terminate credit privileges if you are in default. 

We may, to the extent permitted by law, demand immediate payment of the total balance.

PENALTY APR RATE FOR NEW TRANSACTIONS
We may apply the penalty APR rate to new transactions if you:

• Do not pay at least the minimum payment due by the payment due date;
• Make a payment that is returned;
• Go over your credit limit; or
• Do any of the above on another account that you have with us.

Please refer to your Rates and Fees Table to determine if a penalty APR rate applies to your 
Account. If the penalty APR rate is triggered, we will provide notice to you as required by 
applicable law. This rate may apply indefinitely.

PENALTY APR RATE FOR EXISTING BALANCES
If we do not receive your minimum payment due within 60 days of the due date we may 
apply the penalty APR rate to all your existing balances and all future balances.

Please refer to your Rates and Fees Table to determine if a penalty APR rate applies to your 
Account. If the penalty APR rate is triggered, we will provide notice to you as required by 
applicable law. If for 6 consecutive billing cycles following the cycle in which the penalty APR 
rate is imposed, you make all required minimum payments by their payment due dates, we 
will reinstate your APR on purchases, balance transfers and cash advances.

COLLECTION COSTS
If you are in default, we may refer your Account for collection or take any other actions 
permitted by this Agreement or applicable law. If we do, you agree to pay the reasonable fees 
and expenses of our collection agency or other person collecting your Account, as permitted 
by law, including reasonable attorneys’ fees and alternative dispute resolution costs.

NEW HAMPSHIRE RESIDENTS: If you prevail in any action, suit or proceeding we bring or 
in an action you bring in connection with this Agreement, reasonable attorneys’ fees shall 
be awarded to you. If you successfully assert a pertinent defense, set off, recoupment or 
counterclaim to an action brought by us, the court may withhold from us the entire amount 
or such portion of the attorneys’ fees as the court deems appropriate.

WEST VIRGINIA RESIDENTS: Reference to the payment of attorneys’ fees and court costs in 
the terms of this Agreement is void.

Account fees
The following fees may be assessed on your Account (these are considered Account fees). 
If any fee in your Rates and Fees Table is marked none, the section of this Agreement that 
relates to that fee does not apply. Unless we tell you otherwise, all Account fees are treated 
as purchases (except that transaction fees for a cash advance are treated as a cash advance).

CARD REPLACEMENT FEE
If we replace a stolen, lost or damaged Card, we may charge your Account a Card 
replacement fee of $10. We may charge additional fees for expedited or overseas delivery of 
your replacement Card.

COPY FEE
We may charge your Account a copy fee of $5 for each page of photocopy of any sales slip 
or other record of your Account plus $30 per hour for the time it takes our employees or 
agents to make the copies, to the extent permitted by law.

STOP PAYMENT FEE
We may charge your Account a stop payment fee of $29 when you request that we stop 
payment of a check you have requested (including balance transfer checks and other 

checks that access your Account). You may make a stop payment request by calling us 
or by writing to us. We will accept a stop payment request provided that we receive the 
stop payment notice in a reasonable time before we have accepted, paid in cash, made 
final payment on or otherwise become obligated to pay such check, except to the extent 
otherwise required by applicable law. Stop payment requests will remain in effect for six 
months unless renewed in writing or by calling us before the expiration of the 6-month 
period.

LATE PAYMENT FEE
We may charge your account a late payment fee if we do not receive your minimum  
payment by the payment due date. Your late payment fee is $28 for the first occurrence  
and up to $39 for additional occurrences during the next six billing cycles. In no event will 
your late payment fee exceed the minimum payment. 

ANNUAL MEMBERSHIP FEE
Please refer to your Rates and Fees Table to determine if an annual membership fee applies 
to your Account and, if applicable, the amount of the fee.

BALANCE TRANSFER TRANSACTION FEE, CASH ADVANCE TRANSACTION FEE, FOREIGN 
TRANSACTION FEE
Please refer to your Rates and Fees Table (or if relevant, a special offer) to determine the 
amount of this fee.

Closing an account
HOW TO CLOSE YOUR ACCOUNT
You may close your Account by calling us or writing to us. If there are multiple primary 
cardmembers on your Account, any one of you may close your Account at any time. We 
may immediately close your Account after we receive such a request, without giving notice 
to other cardmembers on your Account. You agree that you will not hold us responsible for 
any costs, damages or inconvenience you suffer as a result of the closing of your Account 
by any cardmember on your Account.

WHEN WE MAY CLOSE YOUR ACCOUNT
Even if you are not in default, we may, at any time: (i) reduce your total credit limit and/or 
cash advance limit; (ii) close your Account; (iii) cancel or suspend your privileges to make 
further purchases and balance transfers or obtain cash advances; or (iv) cancel or suspend 
any Account privileges or benefits. We can also reissue a different card to you at any time.

WHAT YOU MUST DO WHEN YOUR ACCOUNT IS CLOSED
When your Account is closed, you must contact anyone authorized to charge transactions to 
your Account, such as internet service providers, health clubs or insurance agencies. Those 
transactions may continue to be charged to your Account until you change the billing. Also, 
if we believe that you have authorized a transaction or are attempting to use your Account 
after you have requested to close the Account, we may allow the transaction to be charged 
to your Account and you will be responsible for payment under the terms of this Agreement.

WHAT HAPPENS WHEN YOUR ACCOUNT IS CLOSED
If you close your Account, or we close your Account, you may not make any further 
purchases and balance transfers or obtain cash advances. If you use your card after closing 
your Account and we extend credit as a convenience to you, you remain responsible for 
paying those charges. If we or you close your Account, we may, at our option, require you to 
pay the entire balance of your Account at once or permit you to pay the balance in monthly 
payments as provided in this Agreement or otherwise, as we determine. Other Account fees, 
such as a late payment fee, will apply as applicable. If an annual membership fee applies 

and you close your Account after the annual membership fee is billed, we will remove the 
fee from your Account, provided your Account is closed within 30 days after we mailed your 
statement on which the fee was charged to your Account. You may pay any balance due on 
your Account at any time.

Other important information
HOW TO CONTACT US
Unless we tell you otherwise, you can contact us by phone: TOLL FREE 1-800-426-1114 or in 
writing: Credit Card Services – Customer Service, P.O. Box 7092, Bridgeport, CT 06601. When 
writing, please include your name, address, home phone number, and Account number.

A telephone call will not preserve your rights under federal law.

CHANGING YOUR BILLING ADDRESS
We will send statements and notices to your last known address. You promise to notify us 
promptly of any change in your address by following the notification method provided in 
the How to Contact Us section. If you have more than one Account, you need to notify us 
separately for each Account.

MULTIPLE CARDMEMBERS
If there are two or more cardmembers obligated under this Agreement, we can send 
statements and notices to any one. Any notice we mail to an address provided by any of 
you for the Account will serve as notice to all of you. Each cardmember obligated under this 
Agreement is jointly and severally liable for all amounts charged to the Account regardless of 
which cardmember incurred the charges to the Account.

WE MAY CONTACT YOU
You authorize us (and our affiliates, agents and contractors) to contact you at any number 
you provide to us, from which you call us, or at which we believe we can reach you, and that 
we may contact you for any reason, including regarding any request you make for a loan 
or other product, to service or collect on every account you currently have with us or may 
have with us in the future and regarding any other products or services we are providing to 
you or which we provide to you in the future. You authorize us to contact you in any manner, 
including by means of automated dialing devices, prerecorded messages, wireless push 
notifications, or text messages, even if you are charged for receiving the communication and 
even if you will receive the communication on a mobile or wireless device. You agree that 
such calls are not unsolicited and that we may monitor and/or record them. You also agree 
to receive emails from us to any address where we reasonably believe that we may contact 
you.

CREDIT INFORMATION
You agree that we will obtain credit reports about you, investigate your ability to pay, and 
obtain information about you from other sources including information to verify and re-verify 
your employment and income. We will use such information for any purposes, subject to 
applicable law.

We may report information about your Account to credit bureaus. Negative credit 
information, including late payments, missed payments, or other defaults on your Account 
may be reflected in your credit report. We may report Account information in your name and 
the names of authorized users. If you believe we have furnished inaccurate or incomplete 
information about you or your Account to a credit reporting agency, write to us at: Disputes, 
P.O. Box 7092, Bridgeport, CT 06601. Please include your name, address, home phone 
number and Account number, and explain what you believe is inaccurate or incomplete with 
supporting information.

INFORMATION SHARING
You authorize us to share information about you and your Account with affiliates and third 
parties, unless the law or our Privacy Notice prohibits us from doing so. Please see our 
Privacy Notice for your choices about information sharing. This includes information we get 
from you and others. It also includes information about your transactions with us.

UNAUTHORIZED USE
If you notice the loss or theft of your Card or possible unauthorized use of your Card, you 
should immediately call us TOLL FREE at 1-800-443-0164. You will not be liable for any 
unauthorized use that occurs after you notify us. You may, however, be liable for unauthorized 
use that occurs before your notice to us. In any case, if there is unauthorized use of your Card, 
your liability will not exceed $50.

IF YOUR ACCOUNT HAS A CREDIT BALANCE
You may request a refund of credit balances at any time by writing. If you don’t request 
a refund, we will apply credit balances to new transactions unless a refund is required by 
law. If you have a credit balance that is less than $1,000 or such other amount as we may 
determine, you may be able to request a refund over the telephone.

EVENTS BEYOND OUR CONTROL
Except as otherwise required by applicable law, we are not responsible and will incur no 
liability to you for any failure, error, malfunction or any delay in carrying out any of our 
obligations under this Agreement if any such failure, error, malfunction or delay results from 
causes beyond our reasonable control.

NO LIABILITY FOR REFUSAL TO HONOR
We are not liable for any refusal to honor your Account. This can include a refusal to honor 
your Card or Account or any check written on any transaction on your behalf. We are not 
liable for any retention of your Card by us, any other financial institution, or any provider of 
goods or services.

NO RESPONSIBILITY FOR UNAUTHORIZED ACCESS OR INQUIRIES
We are not responsible for unauthorized inquiries about your account or access to your 
Account information. You agree that so long as we are in compliance with applicable law and 
regulation that we will not be responsible or liable for the release of information to anyone 
who has gained access to your Account or Account information.

GOVERNING LAW
This Agreement and use of your Account are governed by federal law. To the extent that 
federal law does not govern, Connecticut law will apply, no matter where you live or use 
your Account. We accept this Agreement in Connecticut. Decisions about granting credit to 
you are made in Connecticut and all credit extended under this Agreement is extended by us 
from Connecticut.

SEPARATION OF INVALID PROVISIONS
If any part of this Agreement becomes invalid under applicable law, the remainder of 
this Agreement will remain valid and in effect. If your Account is subject to a law setting 
maximum loan rates, fees or charges which is finally interpreted so that the charges on your 
Account would exceed permissible limits, then any such charge will be reduced (including 
retroactively) to permitted limits and any amount collected from you exceeding those limits 
will be refunded to you.

OUR RIGHT TO DELAY ENFORCEMENT
We can delay enforcing any of our rights under this Agreement without losing any of them.

ASSIGNMENT

We may, at any time and without notice to you, sell, assign or transfer your Account, any 
amount due in your Account, this Agreement or our rights and obligations under your 
Account or this Agreement to any person or entity. The person or entity to whom we make 
any such sale assignment or transfer is entitled to all of our rights and is subject to all of 
your obligations under this Agreement, to the extent sold, assigned or transferred.

ARBITRATION AGREEMENT
If you are a Covered Borrower, as defined by the Military Lending Act, the arbitration 
provisions set forth in this section do not apply to you.

This section constitutes the Arbitration Agreement between you and us.

READ THIS SECTION CAREFULLY AS IT WILL HAVE A SUBSTANTIAL IMPACT ON HOW 
LEGAL DISPUTES BETWEEN YOU AND US ARE RESOLVED. If you do not opt out, for a 
dispute subject to arbitration, neither you nor we will have the right to: (1) have a court 
or a jury decide the dispute; (2) engage in information-gathering (discovery) to the 
same extent as in court; (3) participate in a class action in court or in arbitration; or (4) 
join or consolidate a claim with claims of any other persons. Arbitration procedures are 
simpler and more limited than rules applicable in court. The decision of the arbitrator is 
generally final and binding.

You have the right to cancel or opt out of this Arbitration Agreement as set forth below.

SPECIAL DEFINITION OF “WE,” “US” AND “OUR”
Solely for purposes of this Arbitration Agreement, the terms “we,” “us” and “our,” in addition 
to the meanings set forth in this Credit Card Agreement (the “Card Agreement”), also refer 
to our employees, officers, directors, parents, controlling persons, subsidiaries, affiliates, 
successors and assigns.

BINDING ARBITRATION
If you have a dispute with us, and we are not able to resolve the dispute informally, you 
and we agree that upon demand by either you or us, the dispute will be resolved through 
the arbitration process as set forth in this part. A “claim” or “dispute,” as used in this 
Arbitration Agreement, is any unresolved disagreement between you and us, arising from or 
relating in any way to the Card Agreement (including any renewals, extensions, addendums 
or modifications), the credit relationship between us, or relating to any reward program, 
feature, or benefit. It includes any disagreement relating in any way to services, accounts or 
any other matters; to your use of any of our banking facilities; or to any means you may use 
to access your account(s). Any claims or disputes arising from or relating to the advertising 
of our services, the application for, or the approval or establishment of your Account are 
also included. Claims are subject to arbitration, regardless of what theory they are based 
on, whether they seek legal or equitable remedies, or irrespective whether they are common 
law or statutory (federal or state) claims. Arbitration applies to any and all such claims or 
disputes, whether they arose in the past, may currently exist, or may arise in the future. 
Disputes include disagreements about the meaning, application or enforceability of this 
Arbitration Agreement.

TRIAL WAIVER
YOU AGREE THAT YOU AND WE ARE WAIVING THE RIGHT TO A JURY TRIAL AND TRIAL 
BEFORE A JUDGE IN A PUBLIC COURT. As the sole exception to this Arbitration Agreement, 
you and we retain the right to pursue in small claims court (or an equivalent state court) any 
dispute that is within that court’s jurisdiction, so long as the disputes remain in such court 
and advance only an individual claim for relief. If either you or we fail to submit to binding 
arbitration of an arbitrable dispute following lawful demand, the party so failing shall bear all 
costs and expenses incurred by the other in compelling arbitration.

CLASS ACTION AND CLASS ARBITRATION WAIVER
NEITHER YOU NOR WE SHALL BE ENTITLED TO JOIN OR CONSOLIDATE DISPUTES BY 
OR AGAINST OTHERS IN ANY COURT ACTION OR ARBITRATION, OR TO INCLUDE IN ANY 
COURT ACTION OR ARBITRATION ANY DISPUTE AS A REPRESENTATIVE OR MEMBER OF 
A CLASS, OR TO ACT IN ANY ARBITRATION IN THE INTEREST OF THE GENERAL PUBLIC 
OR IN A PRIVATE ATTORNEY GENERALCAPACITY, UNLESS THOSE PERSONS ARE JOINT 
ACCOUNT BORROWERS OR BENEFICIARIES ON YOUR ACCOUNT. This is so whether or 
not the claim has been assigned.

ARBITRATION PROCEDURES
You or we may submit a dispute to binding arbitration at any time, regardless of whether a 
lawsuit or other proceeding has been previously commenced.

Each arbitration, including the selection of the arbitrator(s) shall be administered by the 
American Arbitration Association (AAA), or JAMS according to such forum’s rules and 
procedures. You may obtain a copy of the arbitration rules for these forums, as well as 
additional information about initiating arbitration by contacting these arbitration forums:

American Arbitration Association
1-800-778-7879 (toll-free)  |  website: www.adr.org

JAMS
1-800-352-5267 (toll-free)  |  website: www.jamsadr.com

In the event that JAMS or the AAA is unable to handle the dispute for any reason, then the 
matter shall be arbitrated instead by a neutral arbitrator selected by agreement of the parties 
pursuant to the AAA rules of procedure; or, if the parties cannot agree, selected by a court 
in accordance with the Federal Arbitration Act (Title 9 of the United States Code) (“FAA”). To 
the extent that there is any variance between the selected forum’s rules and this Arbitration 
Agreement, this Arbitration Agreement shall control.

If you initiate the arbitration, you must notify us in writing at Credit Card Services – 
Arbitration, P.O. Box 7092, Bridgeport, CT 06601. If we initiate the arbitration, we will notify 
you in writing at your last known address in our file.

The arbitration shall take place in the federal judicial district in which you reside, unless the 
parties agree to a different location in writing. Arbitrators must be members of the state bar 
where the arbitration is held, with expertise in the substantive laws applicable to the subject 
matter of the dispute. No arbitrator or other party to an arbitration proceeding may disclose 
the existence, content or results thereof, except for disclosures of information by a party 
required in the ordinary course of its business or by applicable law or regulation.

The arbitrator will follow applicable substantive law to the extent consistent with the FAA. 
The arbitrator will give effect to the applicable statutes of limitation and will dismiss barred 
claims. In addition, you or we may submit a written request to the arbitrator to expand 
the scope of discovery normally allowable. At the timely request of either you or us, the 
arbitrator must provide a brief written explanation of the basis for the award. A judgment on 
the award may be entered by any court having jurisdiction.

You and we agree that in our relationship arising from this Card Agreement:

(1)  the parties are participating in transactions involving interstate commerce;
(2)  the arbitrator shall decide any dispute regarding the enforceability of this arbitration 

agreement; and (3) this Arbitration Agreement and any resulting arbitration are governed 
by the provisions of the FAA, and, to the extent any provision of that act is inapplicable or 
unenforceable, the laws of the state that govern the relationship between you and us.

No arbitrator shall have authority to entertain any dispute on behalf of a person who is not a 
named party, nor shall any arbitrator have authority to make any award for the benefit of, or 

against, any person who is not a named party.

ARBITRATION COSTS
The party initiating the arbitration (or appeal of the first arbitration award) shall pay the initial 
filing fee. If you file the arbitration and an award is rendered in your favor, we will reimburse 
you for your filing fee. If there is a hearing, we will pay the fees and costs for the first day 
of that hearing. All other fees and costs will be allocated in accordance with the rules of 
the arbitration forum. However, we will advance or reimburse filing and other fees if the 
arbitrator rules that you cannot afford to pay them or finds other good cause for requiring us 
to do so; or if you ask us in writing and we determine in good faith there is justifiable reason 
for doing so. Each party shall bear the expense of their respective attorneys, experts, and 
witnesses and other expenses, regardless of who prevails, but the arbitrator will have the 
authority to award attorneys and expert witness fees and costs to the extent permitted by 
either the Card Agreement, the forum’s rules or applicable law.

ARBITRATION AWARD AND APPEAL
The arbitrator’s award shall be final and binding on all parties, except for any right of appeal 
provided by the FAA. However, any party can, within 30 days after the entry of the award 
by the arbitrator, appeal the award to a three-arbitrator panel administered by the forum. 
The panel shall reconsider anew all factual and legal issues, following the same rules of 
procedure and decide by majority vote. Reference in this Arbitration Agreement to “the 
arbitrator” shall mean the panel if an appeal of the arbitrator’s decision has been taken. 
The costs of such an appeal will be borne in accordance with the above paragraph entitled 
“Arbitration Costs.” Any final decision of the appeal panel is subject to judicial review only as 
provided under the FAA.

SEVERABILITY AND SURVIVAL
If any part of this Arbitration Agreement, other than the Class Action Waiver, is deemed or 
found to be unenforceable for any reason, the remainder shall be enforceable. The Class 
Action Waiver is non-severable, if deemed or found to be unenforceable for any reason, the 
whole Arbitration Agreement shall be void and null. This Arbitration Agreement shall survive 
the closing of your Account and the termination or modification of any relationship between 
us.

NOTICE AND CURE; SPECIAL PAYMENT
Prior to initiating an arbitration, you may give us a written Claim Notice describing the basis 
of your claim and the amount you would accept in resolution of the Claim, and a reasonable 
opportunity, not less than thirty (30) days, to resolve the claim. Such a Claim Notice must be 
sent to us by certified mail, return receipt requested, at Credit Card Services – Arbitration, 
P.O. Box 7092, Bridgeport, CT 06601. This is the sole and only method by which you can 
submit a Claim Notice. If (i) you submit a Claim Notice in accordance with this paragraph on 
your own behalf and not on behalf of any other party; (ii) you cooperate with us by promptly 
providing the information we reasonably request; (iii) we refuse to provide you with the relief 
you request; and (iv) the matter then proceeds to arbitration and the arbitrator subsequently 
determines that you are entitled to such relief (or greater relief), you will be entitled to a 
minimum award of at least $3,000 (not including any arbitration fees and attorneys’ fees and 
costs to which you will also be entitled). You should address all claims you have in a single 
Claim Notice and/ or a single arbitration. Accordingly, this $3,000 minimum award is a single 
award that applies to all claims you have asserted or could have asserted in the arbitration, 
and multiple awards of $3,000 are not contemplated.

COLLECTION COSTS
Except where prohibited by law, if we take court action or commence an arbitration 
proceeding against you for collection after you default, or if you elect arbitration of a 

collection action we have brought against you in court, you will also be liable for court or 
arbitration costs, other charges or fees, and reasonable attorneys’ fees, should we prevail in 
such court action or arbitration.

RIGHTS PRESERVED
This Arbitration Agreement does not prohibit you or us from exercising any lawful rights 
or using other available remedies to preserve, or obtain possession of property; exercise 
self-help remedies, including setoff rights; or obtain provisional or ancillary remedies such 
as injunctive relief, attachment, garnishment or the appointment of a receiver by a court of 
competent jurisdiction.

RIGHT TO CANCEL OR OPT OUT OF THIS ARBITRATION AGREEMENT
You may opt out of this Arbitration Agreement to resolve any claim or dispute by arbitration. 
To opt out of this Arbitration Agreement, you must send us written notice of your decision 
within forty-five (45) days of the opening of your Account or of receiving the Arbitration 
Agreement for the first time. Such notice must clearly state that you wish to cancel or opt 
out of the Arbitration Agreement section of this Card Agreement. It should include your 
name, address, Account name, Account number and your signature and must be mailed to 
Credit Card Services – Arbitration, P.O. Box 7092, Bridgeport, CT 06601. This is the sole and 
only method by which you can opt out of this Arbitration Agreement. Your exercise of the 
right to opt-out will not affect any remaining terms of this Card Agreement and will not result 
in any adverse consequence to you or your Account. You agree that our business records 
will be final and conclusive evidence with respect to whether you cancelled or opted out of 
this Arbitration Agreement in a timely and proper fashion.

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 FIND A MISTAKE ON YOUR STATEMENT

If you think there is an error on your statement, write to us at Credit Card Services – 
Disputes, P.O. Box 7092, Bridgeport, CT 06601-3211.

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.
•  At least 3 business days before an automated payment is scheduled. If you want to stop

payment on the amount you think is wrong.

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 to you

why we believe the bill is 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 on that 

amount.

•  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 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 to not 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. You must not yet have 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: Credit Card Services – Disputes, P.O. Box 7092, Bridgeport, CT 06601-3211.

While we investigate, the same rules apply to the disputed amount as discussed above. After 
we finish our investigation, we will tell you of our decision. At that point, if we think you owe 
an amount and you do not pay, we may report you as delinquent.

© Citizens Bank, N.A. 2019 
CS#CDAD2057C_597941 

Rev 8/19 
CHA - 8/19

. 

Annual Percentage 
Rate (APR) for Purchases 

APR for Balance 
Transfers 

APR for Cash Advances 

Penalty APR and When 
It Applies 

Paying Interest 

Rates and Fees Table 

Interest Rates and Interest Charges 

12.99% to 22.99%. This APR will be based on your creditworthiness and
will vary with the market based on LIBOR.* 
Introductory APRs with varying durations may be available on some accounts.

12.99% to 22.99%.  This APR will be based on your creditworthiness and will 
vary with the market based on LIBOR* 
Introductory APRs with varying durations may be available on some accounts.

23.99%.   
This APR will vary with the market based on LIBOR.* 
Up to 29.99%. 
This APR may be applied to your account if you: 
    (1) Fail to make  the minimum payment by the payment due date; 

    (2) Exceed your Cash Advance Limit or  your Total Credit Limit; 
    (3) Make a payment that is returned or dishonored. 

How Long Will the Penalty APR Apply? If your APRs are increased due to 
 any default (as described above), the Penalty APR may apply indefinitely. 

Your due date is at least 21 days after the close of each billing cycle. We will not 
charge you interest on Purchases if you pay your entire balance by the due date of 
each month. You will pay interest on Cash Advances, Balance Transfers and 
Convenience Checks from the transaction date.

Minimum Interest Charge 

If you are charged interest, charge will be no less than $1.50 

For Credit Card Tips from 
the Consumer Financial  
Protection Bureau 

To learn more about factors to consider when applying for or using a credit 
card, visit the website of the Consumer Financial Protection Bureau at  
 http://www.consumerfinance.gov/learnmore 

Annual Fee 

NONE 

Fees 

Transaction Fees 

  - Balance Transfer 

Either $10 or 3% of the amount of each transfer, whichever is greater. 

   - Cash Advance 

Cash Loans, ATM Loans, and Convenience Check Loans: Either $10 or up to 3% 
of the amount of each advance, whichever is greater. 

Cash Equivalent Transactions: Either $20 or 5% of the amount of each advance, 
whichever is greater  

  - Foreign Transaction 

Either $1.50 or 3% of the U.S. dollar amount of each transaction, whichever is greater 

Penalty Fees 
 - Late Payment 
 - Returned Payment   
 - Over-the-Credit Limit 

Up to $39 
NONE 
NONE 

How we will Calculate your Balance: We will use the method called "average daily balances (including new 
purchases)." See Cardholder Agreement for more details. 

Loss of Introductory APR: We may end your Introductory APR and Apply the Penalty APR if you make a late payment. 

*Your APR for Purchases and Balances Transfers may vary monthly and will be reset on the first day of each billing cycle
by adding the index to a margin of 10.74%-20.74% percentage points. The APR for Cash Advances is determined 
monthly by adding the index to a margin 21.74% percentage points. The Index is determined monthly and it is the 
three month LIBOR (London Interbank Offered Rate) published in the northeastern edition of The Wall Street Journal 
in its Money Rates table on the first da of the preceding month rounded up to the nearest one-quarter of a percentage 
point. If the first day of the preceding month is not a business day, the Bank will use the three month LIBOR published 
on the next business day. 
The information about costs of the card described in this application is accurate as of October 1, 2019. This information 
may have changed after that date. To find out what may have changed, call us toll free at 1-800-426-1114 or write to 
us at Credit Card Services, P.O. Box 7092, Bridgeport, Connecticut 06601.