F03-L436-8-0815 
SFNB-565  

VISA PLATINUM CREDIT CARD 
 MEMBERSHIP RULES 
Amended March, 2016 

follow 

the  membership  rules, 

   The  words  “I”,  “we”,  “me”,  “my”  and  “us”  will  mean  each  and  all 
persons  making  application  for  membership  in  the  credit  card 
system operated by the Bank or persons named as members on the 
front  of  the  Card.    “Card”  means  Visa  Platinum  card  owned  and 
issued  by  the  Bank.    “Bank”  means  Simmons  Bank,  Pine  Bluff, 
Arkansas, U.S.A. 
Follow the Rules - 
    I agree to accept and comply with these membership rules. If I fail 
the  Bank  can  cancel  my 
to 
membership and may demand immediate payment of all amounts I 
owe.  The  Bank  may  amend  the  rules  from  time  to  time.    If  the 
amendment is a significant change in account terms, I will be given 
an opportunity to opt-out of the proposed amendment in accordance 
with  applicable  law  and  regulations. In the  event  of  an  amendment 
to the rules, I agree to accept and comply with the amended rules, 
unless a right to opt out is granted and I timely exercise such right to 
opt out of the proposed amendment to the rules. 
Annual Fee –  
     None.  
Verification of Identity, Age and Creditworthiness-  
     I agree that the Bank may, and acknowledge that the Bank will, 
request  information  from  me  and  from  third  parties  to  verify  my 
identity  and the  identity  of  any  other  persons  authorized  to  use my 
Card.  Further, I agree that the Bank may obtain consumer reports 
about me to determine my identity, age, eligibility for credit, renewal 
of  credit  and  future  extensions  of  credit  for  as  long  as  this  Card 
membership exists. I understand and acknowledge that if I am under 
the  age  of  21  certain  additional  conditions  and  terms  may  be 
applicable  to  my  card  account  as  required  by  applicable  law  and 
regulations. 
satisfactory 
this  Card  membership  and  any 
creditworthiness 
determination  by  the  Bank  of  unsatisfactory  credit  or  filing  of 
bankruptcy is grounds for termination of this Card membership.        
Card Usage - 
    I  understand  that  my  Card  can  be  used  at  designated  locations 
throughout the world to purchase goods and services, to obtain cash 
advances and to transfer funds between accounts I designate.  The 
Bank is not responsible for the refusal of anyone to honor my Card.  
Paper  transactions  or  electronic  transactions  will  not  be  final  until 
they  are  received  by  the  Bank.    Transactions  are  governed  by  the 
laws  of  Arkansas  and  the  laws  of  the  United  States  of  America.  
From time to time the operation of cards issued by the Bank may be 
suspended in specified foreign countries or specific regions thereof, 
due  to  ongoing  fraudulent  activities  involving  credit  cards.    Due  to 
the nature of such fraudulent activities, the Bank is unable to provide 
advance notice or the duration of any such suspension.    If I use my 
Card in a check guarantee system, I agree to allow the check to be 
handled  as  a  credit  card  cash  advance  if  the  check  is  not  paid.  I 
agree  not  to  use  my  Card  for  any  type  of  Internet  gambling 
transaction.    Further,  I  agree  not  to  use  my  Card  for  any  unlawful 
transaction and acknowledge that the Bank may refuse to honor any 

that 
to  continue 

I  must  maintain 

I  agree 

transaction  determined  to  be  unlawful.    Restricted  transactions, 
involving  the  acceptance  of  any  credit,  funds,  instrument,  or  other 
proceeds  from  another  person  in  connection  with  unlawful  Internet 
gambling,  are  prohibited  from  being  processed  through  my  Card 
account.   I  acknowledge  my  responsibility  to  pay  for  goods  and 
services obtained through the use of my Card, even if such good or 
services were obtained in an unlawful transaction.  
Responsibility for Card Use - 
    I understand that I am responsible for the use of all Cards issued 
for use with my membership.  I will not allow unauthorized persons 
to use my Card. 
Notification - 
    For my own protection and for the protection of the Bank, I agree 
to  promptly  notify  the  Bank  if  I  discover  my  Card  has  been  lost  or 
stolen,  or  if  I  suspect  the  Card  has  been  used  without  my 
authorization. 
Card Ownership -  
    I understand as a member and  Cardholder that I do not own  my 
Card.  When requested to do so I will surrender my Card to the Bank 
or to a person designated by the Bank.  I understand that any or all 
privileges to use my Card may be modified or canceled by the Bank 
at any time without notice to me. 
Promise to Pay -  
     I promise to pay to the order of Simmons Bank all transactions in 
which I have used Bank funds as a result of the use of my Card.  If 
the funds involve cash advances or extended payment privileges, I 
also  agree  to  pay  the  transaction  fees  and  finance  charge  as 
described below. 
     I  must  pay  all  bills  or  invoices,  including  the  minimum  payment 
shown on my monthly statement on time (on or before payment due 
date)  and  in  U.S.  Dollars.    The  Bank  does  not  waive  its  right  to 
collect the full amount due if I pay late or I pay part of the bill, even if 
I  write 
full”  (or  similar  words)  on  any 
correspondence to the Bank. 
Available Credit Limit -  
    The Bank will supply a monthly statement listing the amount and 
location  of  all  transactions  posted  prior  to  the  closing  date  of  the 
statement.  I agree to limit my transactions so that my balance will 
stay  within  the  available  credit  limit  approved  for  me  by  the  Bank 
and  listed  on  the  statement.    The  Bank  may  refuse  to  honor 
transactions  that  would  cause  my  account  balance  to  exceed  my 
available  credit  limit.    My  available  credit  limit  will  be  restored  to 
reflect a payment after the Bank receives final payment on my check 
or other payment method.  The Bank may increase or decrease my 
available  credit  limit  or  my  available  cash  advance  credit  limit 
without notice.   The Bank will not increase my  available credit limit 
without considering my ability to make the required payments on my 
Card  account.  The  credit  available  for  my  use  may,  from  time  to 
time, be less than my available credit limit.  My available credit limit 
will not be increased by the amount of any credit balance. 
    If I am under the age of 21, any increase in the credit limit on my 
Card account must be approved in writing and joint liability for such 
increase assumed by all guarantors, co-signers or joint applicants 
who have assumed secondary or joint liability on my Card account.  
Billing –  
     If  there  is  a  debit  or  credit  balance  of  $1.00  or  more  on  my 
account, the Bank will mail or deliver a monthly statement to me not 
less  than  21  days  prior  to  the  payment  due  date  specified  in  the 

the  words  “paid 

in 

transactions 

from  purchases  are  aggregated 

statement.    I  am  responsible  for  maintaining  my  current  mailing 
address  on file  with  the Bank.  The  Bank may  consider me  to  have 
received  any  notice  mailed  to  me  at  the  current  address  on  the 
Bank's records. 
Billing Errors –  
     Transactions  listed  on  my  statement  will  be  presumed  correct 
unless I  notify  the  Bank  of  an  error  in  writing  within  60  days  of  my 
statement mailing  date.  (NOTICE:    The  procedures  for  notifying  us 
of  errors  on  your  monthly  statement  were  disclosed  upon  the 
opening  of  your  account  and  at  least  annually  thereafter.    The 
mailing  address  to  notify  us  of  a  billing  error  is  set  forth  on  your 
monthly statement.)  
Posting Transactions; New Balance - 
    Debit transactions  from  purchases,  cash  advances,  convenience 
checks and balance transfers are posted the day they are received. 
Debit 
into  my 
Purchases  Balance.  Debit  transactions  from  cash  advances  and 
convenience  checks  are  aggregated  into  my  Disbursed  Cash 
Balance.   Debit transactions from balance transfers are aggregated 
into  my  Transferred  Balance.    Applicable  finance  charges  will  be 
added  to  and  included  in  my  Purchases  Balance,  my  Disbursed 
Cash  Balance  and  my  Transferred  Balance  on  the  last  day  of  the 
statement cycle.  My account balance is the sum of my Purchases 
Balance, my Disbursed Cash Balance and my Transferred Balance, 
which  at  the  end  of  each  statement  cycle  is  shown  as  my  "New 
Balance".  
Full Payment Option -  
    Each month I have the option of paying the “New Balance” in full 
within  25  days  of  the cycle  closing  date.   Payment in  full  (received 
within 25 days) avoids additional finance charges on the Purchases 
Balance  included  in  the  "New  Balance"  as  well  as  new  purchases 
(but not on cash advances or convenience checks) made during the 
next statement cycle.  
Partial Payment Option -  
     Each  month  I  have  the  option  of  paying  part  of  my  account 
balance  as  long  as  my  payment  is  at  least  equal  to  the  minimum 
payment  shown  on  the  statement.    The  minimum  payment  will  be 
the  greater  of  (i)  1%  of  the  New  Balance  plus  all  finance  charges 
and  late  fees  assessed  during  the  billing  cycle  plus  any  past  due 
amounts, or (ii) $10.00.  I will pay the total New Balance if it is less 
than $10.00. 
     If  the  Bank  has  not  received  a  minimum  payment  by  payment 
due  date  (or  the  end  of  the  next  business  day  if  the  payment  due 
date  is  on  a  Saturday,  Sunday  or  bank  holiday),  I  will  pay  a  late 
charge  in  an  amount  equal  to  my  past  due  payment  or  $25.00, 
whichever is less. 
Crediting of Payments- 
    An  amount  equal  to  the  minimum  payment  from  the  initial 
payment  during  any  statement  cycle  will  be  applied  first  to  my 
Purchases  Balance  and  then  to  my  Disbursed  Cash  Balance.      All 
additional  payments  received  during  the  same  statement  cycle  will 
be  applied  to  the  balances  based  upon  the  applicable  interest  rate 
on that balance, starting with the balances with the highest interest 
rates.  Any  part  of  a  payment  complying  with 
the  payment 
instructions on the periodic statement and received within 25 days of 
the  cycle  closing  date  which  is  credited  to  my  Purchases  Balance 
will be credited as of the beginning of the statement cycle in which 
received.  Any  part  of  a  payment  that  is  credited  to  my  Disbursed 

 
 
 
 
 
             
 
telephone.    You  may  contact  us  at  any  time  to  ask  that  we  not 
contact you using any one or more methods or technologies.    
Closing Account- 
    In  the  event  I  close  my  account,  I  agree  to  notify  the  Bank  in 
writing  and  return  my  Card(s)  cut  in  half.    If  I  close  my  account,  I 
remain  responsible  to  pay  all  amounts  I  owe  to  Bank  according  to 
the terms of these card membership rules.  If my account is a joint 
account, either cardholders may cancel the account, but we will both 
remain responsible for any amount owed to the bank. 
Amendments –  
     These rules (including, but not limited to rates and fees) may be 
amended  by  Bank  from  time  to  time.    I  will  be  notified  of  any 
amendment to the rules not later than the date of my next monthly 
statement,  unless  sooner  required  by  applicable  law  or  regulation.  
In  addition,  if  the  amendment  is  a  significant  change  in  account 
terms,  I  will  be  given  an  opportunity  to  opt-out  of  the  proposed 
amendment in accordance with applicable law and regulations.  
      If the Bank amends the interest rate specified in the rules while 
my account has a promotional interest rate, the amendment will not 
affect my account until my promotional interest rate expires. 

Cash Balance, my Transferred Balance or all of any Payment which 
is  received  more  than  25  days  after  the  cycle  closing  date  will  be 
credited as of the day received, if received before 5 p.m. CT by the 
Bank, otherwise on the next banking day, provided that any payment 
paid  in  person  at  a  branch  of  the  Bank  shall  be  credited  not  later 
than  the  day  received.  Payments  received  and  accepted  by  the 
Bank  which  do  not  comply  with  the  payment  instructions  on  the 
periodic statement may result in a delay in crediting the payment to 
my account.   
Electronic Transfer Authority- 
     Anytime I send the Bank a check for payment on my account, I 
authorize the Bank to make a one-time electronic transfer debit from 
my bank account for the amount of the check. 
Finance Charge -  
     Finance Charge on cash advances and convenience checks  will 
accrue  from  the  date  of  the  transaction  and  continue  until  the 
Disbursed Cash Balance is paid in full.  Finance Charge on balance 
transfers  will  accrue  from  the  date  of  the  transaction  and  continue 
until  the  Transferred  Balance  is  paid  in  full.    Finance  charge  on 
purchases will accrue from the date of the transaction if there was a 
"New  Balance"  at  the  start  of  the  current  statement  cycle,  or  from 
the  first  day  of  the  statement  cycle  next  following  the  date  of  the 
transaction  if  there  was  not  a  "New  Balance"  at  the  start  of  the 
current statement cycle.  Date of transaction will be the latter of the 
transaction date or the first date of the statement cycle in which the 
transaction is posted.   A Finance Charge will not be imposed on (i) 
the  Purchases  Balance  included  within  the  "New  Balance",  if 
payment  in  full  of  the  “New  Balance”  is  received  within  25  days  of 
the  prior  statement  cycle  closing  date  or  (ii)  that  part  of  the 
Purchases  Balance  equal  to  the  amount  of  any  payment  received 
within 25 days of the prior statement cycle closing date and credited 
to the Purchases Balance in accordance with these rules.  
Interest Rates –  
     Finance  charge  on  the  Purchases  Balance  and  the  Transferred 
Balance  where  applicable  is  computed  by  applying  to  my  average 
daily  balance  for  the  Purchases  Balance  and  the  Transferred 
Balance,  including  unpaid  finance  charges  (as  indicated  on  my 
monthly statement) a daily periodic rate equal to the Prime Rate plus 
4.00% divided by the number of days in the year. The Prime Rate is 
the  prime  rate  published  in  the  Money  Rates  column  of  The  Wall 
Street  Journal  in  effect  for  the  second  business  day  prior  to  the 
beginning  of  each  statement  cycle.  If  The  Wall  Street  Journal 
ceases publication or to publish the Prime Rate as now shown in its 
Money Rates column, the Bank may use the prevalent prime rate in 
the  United  States  as  published  in  any  other  newspaper  of  general 
circulation, or the Bank may substitute a similar reference rate at its 
sole discretion. The finance charge for the Disbursed Cash Balance 
is  computed  by  applying  to  my  average  daily  Disbursed  Cash 
Balance  including  unpaid  finance  charges  (as  indicated  on  the 
monthly statement) a daily periodic rate equal to the Prime Rate plus 
8.00% divided by the number of days in the year. If a transaction fee 
is applied, the annual percentage rate (APR) may be higher than the 
periodic rate disclosed above. The maximum interest rate applicable 
to my Card is governed by the laws of the United States of America 
and the State of Arkansas. 
Other Charges and Collection Fees -  
     Transaction  fees  for  cash  advances  (including  advances  in 
foreign  currencies)  and  convenience  checks  will  be  3%  of  the 

amount  of  the  cash  advance  or  check  amount  (but  not  less  than 
$4.00 nor more than $50.00).  If I request a photocopy or the original 
ticket of an item appearing on my monthly statement, I will pay the 
Bank the fee assessed to them by Visa U.S.A., Inc. for this service.  
I agree to reimburse the Bank any and all amounts which it pays to 
any  owner/operator  of  an  automated  teller  machine  (ATM)  or  any 
national,  regional  or  local  ATM  network  used  to  complete  any 
transaction for my use of my Card at an ATM not located at an office 
or  branch  of  the  Bank.  I  will  pay  a  $12.00  service  charge  per 
payment,  if  I  utilize  a  service  representative  of  the  Bank  to  obtain 
expedited service for any payment.  If I request express delivery of 
my  Card(s)  I  will  pay  an  express  delivery  fee  equal  to  the  actual 
costs incurred by the bank in making the express delivery.  If I make 
my  payment  with  a  check  or  other  negotiable  instrument  and  it  is 
returned to the Bank unpaid, I will pay a Return Check Charge of up 
to $25.00.  I will not be charged two or more penalty fees for a single 
event or transaction.  If more than one fee may be applicable due to 
a  single  event  or  transaction,  the  Bank  may  impose  the  highest 
permissible fee.  If my account is placed with an attorney or another 
agency  for  collection,  I  will  also  pay  attorney  fees,  court  costs, 
witness  costs  (including  transportation  and  lodging)  and  any  other 
fees as allowed by law. 
Foreign Currency Transaction Fee  -  
     If  I  make  any  purchases  in  foreign  currencies,  the  Bank  and/or 
Visa  U.S.A.  will  convert  the  foreign  currencies  into  U.S.  Dollars.  
Visa  will  use  their  applicable  currency  conversion  procedures.  
Currently, the conversion procedures utilize a rate selected by Visa 
from the range of rates available in wholesale currency markets for 
the applicable central processing date, which rate may vary from the 
rate Visa itself receives, or the government mandated rate in effect 
for the applicable central processing date, in each instance, plus or 
minus any adjustment determined by the Bank.  I agree to pay the 
Bank  the  sum  in  U.S.  Dollars  as  converted  by  Visa,  plus  an 
additional 2% of the converted amount attributable to purchases (but 
not  cash  advances).    The  currency  conversion  rate  used  on  the 
conversion date may differ from the rate in effect on the date I used 
my Card.       
Telephone Monitoring and Recording-   
     From time to time, we may monitor and/or record telephone calls 
regarding your Account with us to assure the quality of our service, 
and  you  agree  to  any  such  monitoring  or  recording.  We  treat  all 
customer calls as confidential.  
Communicating  With  You,  Consent  To  Contact  By  Electronic 
Other Means-   
     You  agree  that  we  may  contact  you  as  provided  in  this 
paragraph.  We may contact you for any lawful reason, including for 
the collection of amounts owed to us and for the offering of products 
or services in compliance with our Privacy Notice in effect from time 
to  time.  No  such  contact  will  be  deemed  unsolicited.  We  may 
contact you at any address or telephone number (including wireless 
cellular  telephone  or  ported  landline  telephone  number)  that  you 
may  provide  to  us  from  time  to  time.    We  may  use  any  means  of 
communication,  including,  but  not  limited  to,  postal  mail,  electronic 
mail,  telephone  or  other  technology,  to  reach  you.    You  agree  that 
we  may  use  automatic  dialing  and  announcing  devices  which  may 
play recorded messages. We may also send text messages to your