Target Consumer Credit Agreement 
In NY: RETAIL INSTALMENT CREDIT 
AGREEMENT 
This Agreement explains the terms that you agree to follow for your 
Target  Credit  Card  Account  (“Account”).  The  card  carrier  we  send 
with  your credit card is a  part of this Agreement.  In this Agreement 
“we,”  “us,”  and  “our”  mean  Target  National  Bank.  “You”  and  “your” 
mean  everyone  who  is  liable  for  payment  on  this  Account.  “Card” 
refers to your Target Credit Card. 
Notice  to  New  York  Residents:  This  Agreement  will  not  become 
effective unless and until you or a person authorized by you signs or 
accepts  a  sales  slip  or  memorandum  evidencing  a  purchase  or 
lease of property or services or the payment of a fine by use of the 
credit  card  and  prior  thereto  you  will  not  be  responsible  for  any 
purchase  or  lease  of  property  or  services  by  use  of  the  credit  card 
after its loss or theft.  
1.  USE  OF  YOUR  ACCOUNT  —  When  you  apply  for  an  Account, 
you  promise  to  be  bound  by  the  terms  of  this  Agreement.  You 
promise  to  pay  us  for  all  credit  extended  under  this  Agreement 
and all other amounts owed to us by you according to the terms 
of this Agreement. If the Account is a joint Account, each of you 
is  bound  by  this  Agreement  and  each  of  you  jointly  and 
individually  promises  to  pay  us,  and  may  be  held  liable  for,  all 
amounts  owed  to  us  on  your  Account.  You  also  promise  to  pay 
us  for  charges  incurred  by  anyone  you  allow  to  use  your 
Account.  If  you  give  your  Card  to  someone  and  authorize  their 
use  of  the  Card,  you  must  regain  possession  to  terminate  their 
authorized  use.  This  Account  may  be  used  only  for  personal, 
family or household purposes. You agree that you will not use or 
allow  use  of  your  Card  or  Account  for  any  illegal  transaction  or 
purpose. 
You  may  use  your  Card  to  make  purchases  of  goods  and 
services  (“Purchase(s)”).    A  Target  Credit  Card  can  be  used  to 
make  Purchases  at  Target  stores  located  in  the  United  States 
and at the Target.com website. 

2.  CREDIT LIMIT — You agree that we may establish a credit limit 
for your Account (“Credit Limit”). You agree that we may change 
a  Credit  Limit  at  any  time  for  any  reason  not  prohibited  by  law, 
including, but not limited to, changes in your credit capacity, your 
pattern of payments to us, or your purchasing behavior. We may 
also change a Credit Limit based on any information provided to 
us  by  a  consumer  reporting  agency,  including  your  risk  score  at 
the  consumer  reporting  agency  or  information  about  credit 
accounts  you  have  with  other  companies.  We  may,  but  are  not 
required  to,  approve  transactions  that  exceed  your  Credit  Limit 
without  liability  to  you  and  without  obligating  us  to  do  so  in  the 
future.  You  agree  to  prevent  your  Account  balance  from 
exceeding the Credit Limit. 

3.  SPECIAL  PROMOTIONS  —  Occasionally,  we  may  provide  you 
the  opportunity  to  use  your  Account  in  connection  with  special 
promotions.  These  promotions  may  be  subject  to  terms  and 
conditions  in  addition  to  or  different  from  those  provided  in  this 
Agreement, which will be described in our offer. Unless otherwise 
stated,  however,  all  terms  of  this  Agreement  shall  apply  to  any 
promotion. 

2012-TC (5/12) 

4.  PAYMENTS — We will send you a billing statement each month 
that your Account has a balance. Your billing statement will show 
the  amount  you  owe  us,  which  is  called  the  New  Balance,  and 
the  smallest  amount  you  have  agreed  to  pay  us  for  that  billing 
period, which is called the Minimum Payment Due. If any portion 
of  the  New  Balance  is  delinquent,  the  statement  will  show  the 
Amount  Past  Due.  The  statement  will  also  tell  you  the  Payment 
Due Date. 
The Minimum Payment Due each month will equal the greater of 
a)  $25.00;  or  b)  the  sum  of  the  following:  1%  of  your  New 
Balance  (rounded  to  the  next  higher  whole  dollar  amount),  any 
Interest  Charges,  any  Returned  Payment  Fees,  and  any  Late 
Payment  Fees.  We  may  round  your  Minimum  Payment  Due  to 
the  next  higher  whole  dollar  amount.  If  there  is  an  Amount  Past 
Due, we will also add that amount and include it in your Minimum 
Payment  Due.  If  your  New  Balance  is  less  than  $25.00,  the 
Minimum Payment Due will be the entire New Balance.  
You agree to pay us in United States dollars. If you pay by check, 
your  check  must  be  drawn  on  a  depository  institution  located  in 
the United States. If you do not pay the New Balance in full, you 
agree  to  pay  by  your  Payment  Due  Date  at  least  the  Minimum 
Payment Due. You may, at any time, pay the total amount owing 
on  your  Account.    Payments  are  posted  to  your  Account  in  a 
timely  manner  as  required  by  law.    However,  we  may  delay 
restoring your available Credit Limit in the amount of the payment 
to make sure we receive the funds.  
At  our  option,  we  may  obtain  payment  for  any  check  or  other 
instrument  that  you  send  to  us  by  initiating  an  electronic 
from  your 
(including  Automated  Clearing  House) 
depository  institution  account  in  the  amount  of  your  check  or 
instrument.  Your check or instrument  will  not be returned to  you 
by us or by your depository institution. Your depository institution 
account  may  be  debited  as  early  as  the  same  day  we  receive 
your  payment.  If  we  cannot  process  the  electronic  transfer  or  if 
the  electronic  transfer  is  returned  to  us,  we  may  present  the 
original  check  or  other  instrument,  a  substitute  check,  draft  or 
similar instrument to obtain payment. 

transfer 

5.  UNAUTHORIZED  USE  —  If  your  Card  is  lost  or  stolen,  or  you 
is  using  your  Account  without  your 

think 
permission, you agree to notify us immediately.  

that  someone 

Target Card Services  
P.O. Box 1581  
Minneapolis, MN 55440-1581  
Or by calling 1-800-659-2396.  

If  you  notify  us  by  telephone,  you  agree  to  confirm  your 
notification  in  writing.  You  are  not  liable  for  unauthorized  use  of 
the  Account.  You  agree  to  assist  us  in  determining  the  facts 
relating to any theft or possible unauthorized use of your Account 
and  to  comply  with  the  procedures  we  may  require  for  our 
investigation.  All  Cards  are  issued  by  us  to  you  and  you  must 
return or destroy your Card if we request you to do so. 

6.  CREDIT  AUTHORIZATIONS  —  Some  transactions  will  require 
our  prior  authorization  and  you  may  be  asked  to  provide 
identification. If our authorization system is not working,  we may 
not be able to authorize a transaction. We will not be liable to you 
if  any  of  these  events  happen  or  for  any  failure  to  authorize  a 
transaction. We are also not responsible for the refusal of anyone 
to accept your Card. 

7. INTEREST CHARGES 

•  ANNUAL PERCENTAGE RATE - Your Annual Percentage 
Rate and corresponding Daily Periodic Rate may vary with 
changes in the Prime Rate.  The card carrier sent with your 
Card  tells  you  the  Annual  Percentage  Rate  and  the  Daily 
Periodic Rate applicable to your Account and is part of this 
Agreement.   
The  Annual  Percentage  Rate  (“APR”)  and  corresponding 
Daily Periodic Rate (“DPR”) will be determined by adding a 
margin  to  the  Prime  Rate.    The  “Prime  Rate”  means  the 
highest  U.S.  Prime  Rate  published  in  the  “Money  Rates” 
section  of  the  The  Wall  Street  Journal.    For  each  billing 
period  we look at the Prime Rate on the last business day 
of  the  previous  calendar  month.    Any  change  in  the  APR 
and  corresponding  DPR  will  take  effect  on  the  first  day  of 
the billing period.  Your rate may increase when the Prime 
Rate  increases.    If  the  APR  and  corresponding  DPR 
increase,  the  Minimum  Payment  Due  and  the  amount  of 
Interest Charges on your Account may also increase. 

•  PURCHASES  –  The  APR  for  Purchases  is  determined  by 
adding to the Prime Rate a margin of 19.65%.  Please see 
the  Pricing  Information  for  the  APRs  and  corresponding 
DPRs  that  currently  apply  to  billing  periods  ending  this 
month. 

•  BALANCE  COMPUTATION  AND  PAYING 

INTEREST 
CHARGES  –  We  calculate  a  Daily  Balance  for  your 
Account.    We  may  maintain  separate  balances  for  your 
Purchases  and  special  promotional  Purchase  balances 
(each, a “Balance Type”) and calculate a Daily Balance for 
each.  To determine the Daily Balance for a Balance Type, 
each  day  we  take  the  beginning  balance  for  the  Balance 
Type, add any new charges included in that Balance Type, 
and  subtract  any  payments  and  credits  applied  to  that 
Balance  Type.    We  then  multiply  the  resulting  balance  by 
the  applicable  Daily  Periodic  Rate.    The  resulting  daily 
Interest  Charges  is  included  in  the  beginning  balance  of 
that  Balance  Type  for  the  next  day.    Purchases  are 
included  in  the  Daily  Balance  as  of  the  later  of  the 
transaction date or the first day of the billing period in which 
the Purchase is posted to the Account.   
We  figure  the  Interest  Charge  on  your  Account  for  each 
Balance  Type  by  multiplying  your  Daily  Balance  of  each 
Balance Type by the applicable Daily Periodic rate for each 
day in the billing cycle.  At the end of the billing period, we 
will add up the daily Interest Charges on all Balance Types 
for  each  day  in  the  billing  period  to  get  the  total  Interest 
Charge for the billing period. 
Interest  Charges  begin  to  accrue  on  Purchases  as  of  the 
day  the  Purchase  is  included  in  the  Daily  Balance.  
However, if you paid the New Balances that was shown on 
your  previous  billing  statement  by  the  Payment  Due  Date 
on  that  statement,  then  (1)  we  will  not  impose  Interest 
Charges  on  Purchases  during  your  current  billing  period  if 
you  pay  the  New  Balance  shown  on  your  current  billing 
statement by the Payment Due Date on that statement, and 
(2) we will credit any payment (to the extent the payment is 
applied  to  Purchases)  as  of  the  first  day  in  your  current 
billing  period  if  you  make  a  payment  by  the  Payment  Due 

Date  that  is  less  than  the  current  billing  period’s  New 
Balance. 
If  a  New  Balance  was  shown  on  your  previous  billing 
statement  and  you  did  not  pay  the  New  Balance  by  the 
Payment  Due  Date  on  that  statement,  then  we  will  not 
impose  Interest  Charges  on  any  Purchases  during  the 
current billing period if you pay the New Balance shown on 
your current billing statement by the Payment Due Date on 
that statement. 
Please  not  that  if  you  Account  has  a  promotion  balance, 
this  may  impact  how  we  are  required  to  apply  your 
payments  and  whether  you  can  take  advantage  of  these 
terms regarding Interest Charges on Purchases. 
MINIMUM  CHARGE  FOR  BILLING  PERIOD  –  For  any 
billing  period  in  which  an  Interest  Charges  is  imposed  on 
your Account, there is a minimum interest charge of $1.00. 
8.  FEES — The following fees may be assessed on your Account. 

•  LATE PAYMENT FEE –  You  will pay  a Late Payment Fee 
of $25.00 when any amount due remains unpaid after your 
Payment  Due  Date.    Any  subsequent  Late  Payment  Fees 
will  be  $35.00  until  you  make  your  required  Minimum 
Payment Due by the Payment Due Date for six consecutive 
billing periods.  In any event, the Late Payment Fee will not 
be greater than  your  Minimum Payment Due for the billing 
period for which your payment was late.   

•  RETURN PAYMENT FEE – You will pay $25.00 each time 
any  check  or  other  payment  order  (including  an  electronic 
payment) is not honored by a depository institution.  In any 
event,  the  Returned  Payment  Fee  will  not  be  greater  than 
the Minimum Payment Due that was due immediately prior 
to the date on which the payment was returned to us. 

•  PHONE PAYMENT FEE – Each time you request over the 
phone  that  we  transfer  or  draw  funds  from  a  deposit 
account to pay your Account we may charge a fee for such 
service.  The  amount  of  the  fee  will  be  disclosed  to  you 
before you authorize the Phone Payment transaction. 

•  EXPEDIATED  DELIVERY  FEE  –  At  your  request,  we  will 
expedite  the  delivery  of  an  additional  or  replacement  Card 
for  your  Account.    You  will  reimburse  us  for  delivery  and 
other  charges  imposed  on  us  by  third  parties  for  this 
expedited service. 

•  DOCUMENTATION REPRODUCTION FEE – You may be 
charged  $2.00  for  each  duplicate  Account  document  we 
reproduce for you at your request.  We will not charge you 
for  duplicate  documents  we 
in 
connection  with  a  billing  error  notice  or  if  our  investigation 
indicates a billing error occurred.  

reproduce 

for  you 

9.   ACCORD  AND  SATISFACTION  —  We  may  accept  letters, 
checks or other types of payments showing “payment in full” or 
using  other  language  to  indicate  satisfaction  of  your  debt 
(“Disputed  Amounts”)  without  waiving  any  of  our  rights  to 
receive  full  payment  under  the  terms  of  this  Agreement.  You 
agree  to  send any  Disputed  Amounts  to  the  address  for  billing 
inquiries shown on your billing statement. 

10.  CONSUMER 

REPORT 

FURNISHING 
INFORMATION  —  We  may  check  information  about  you  or 
your credit history  with consumer  reporting agencies (including 
credit bureaus) or others. We may also report information about 

AND 

USE 

you,  your  Account,  and  our experiences  with  you  to  consumer 
reporting  agencies,  to  other  companies  that  are  affiliated  with 
us or to others as allowed by law and our Privacy Policy. If you 
do  not  fulfill  the  terms  of  this  Agreement,  we  may  submit  a 
negative  report  reflecting  on  your  credit  record  to  one  or  more 
consumer  reporting  agencies.  If  you  believe  we  have  reported 
inaccurate  information  about  your  Account  to  a  consumer 
reporting agency, you should notify us by sending your Account 
number  and  a  description  of  the  information  you  believe  to  be 
inaccurate,  along  with  any  documentation  supporting  the 
inaccuracy, such as your credit report, to Target Card Services, 
P.O. Box 673, Minneapolis, MN 55440-0673. 

11.  DEFAULT/TERMINATION  OF  CREDIT  PRIVILEGES  — 
Subject  to  applicable  law,  you  will  be  in  default  under  this 
Agreement  if  you  violate  any  term  of  this  Agreement,  fail  to 
make the Minimum Payment Due by the Payment Due Date, or 
become  the  subject  of  bankruptcy  or  insolvency  proceedings. 
Upon default or death, subject to applicable law, we may, in our 
sole  discretion:  (a)  reduce  your  Credit  Limit;  (b)  terminate  the 
Account,  at  which  time  the  terms  of  this  Agreement  will 
continue  until  we  have  been  paid  in  full;  (c)  require  immediate 
payment  of  the  total  balance  on  your  Account  including  all 
related fees and charges described in this Agreement; (d) bring 
a  legal  action  against  you  to  collect  money  owed  to  us;  (e) 
terminate  any  special  promotional  credit  terms;  or  (f)  take  any 
other  action  permitted  by  applicable  law.  If  we  refer  your 
Account  to  an  attorney  for  collection,  you  must  pay  to  us  all 
costs  and  expenses  of  collection,  including  attorneys’  fees,  to 
the extent not prohibited by law.  Even if you are not in default, 
we reserve the right to terminate your privileges to obtain credit 
on  the  Account  at  any  time.  If  your  Account  is  past  due,  as 
permitted  by  law,  we  may  require  that  any  merchandise 
purchased  on  your  Account  which  you  return  be  processed  as 
an  Account  credit.  Upon  any  termination  of  this  Agreement 
by  you  or  us,  you  will  continue  to  be  obligated  to  pay  all 
amounts  owing  under  this  Agreement,  and  to  otherwise 
perform the terms and conditions of this Agreement. 

12. COMMUNICATIONS WITH YOU — We or our agents may call 
by  telephone  regarding  your  Account.  You  agree  that  we  may 
place such calls using an automatic dialing/announcing device. 
You agree that we may make such calls to a mobile telephone 
or  other  similar  device.  You  agree  that  we  may,  for  training 
purposes or to evaluate the quality of our service, listen to and 
record phone conversations you have with us. 

13.  WHAT  LAW  APPLIES  —  This  Agreement  will  be  governed  by 
federal  law  and  to  the  extent  state  law  applies,  by  the  law  of 
South Dakota. If there is any conflict between any of the terms 
and conditions of this Agreement and applicable federal or state 
law,  this  Agreement  will  be  considered  changed  to  the  extent 
necessary to comply with the law. 

14. CHANGE OF PERSONAL INFORMATION — You agree to tell 
us  right  away  of  any  change  in  your  name,  address  or 
telephone numbers. 

15.  ASSIGNMENT  OF  ACCOUNT  —  We  may  sell,  assign  or 
transfer  your  Account  or  any  receivables  created  under  your 
Account  without  notice  to  you.  You  may  not  sell,  assign  or 
transfer your Account without first obtaining our written consent. 

16.  NO  WAIVER  —  We  may  waive  or  delay  enforcing  any  of  our 

rights under this Agreement without losing them. 

17.  CHANGES  TO  THIS  AGREEMENT  —  We  have  the  right  to 
change  this  Agreement  (including  the  right  to  add  additional 
terms)  and  to  apply  those  changes  to  any  existing  balance  on 
the  Account.  We  will  provide  you  with  notice  of  any  such 
changes as required by applicable law. 

any 

charge 

additional 

You may at any time pay the unpaid balance 
of  the  account  in  whole  or  in  part  without 
incurring 
for 
prepayment. 
to  California  Residents:  Married 
Notice 
applicants  may  apply  for  separate  accounts.  
Interest is compounded under the terms of this 
Agreement. 
Notice  of  Delaware  Residents:  Service 
charges not in excess of those permitted by law 
will  be  charged  on  the  outstanding  balances 
from month to month. 
to  Maryland  Residents:  Finance 
Notice 
charges will be imposed in amounts or at rates 
not  in  excess  of  those  permitted  by  law.  You 
have  a  right  under  Section  12-510  of  the 
Commercial  Law  Code  to  an  answer  to  a 
written  inquire  concerning  the  status  of  your 
account. 
Notice  to  New  Jersey  Residents:  Because 
certain provisions of this Agreement are subject 
they  may  be  void, 
to  applicable 
unenforceable  or 
some 
in 
these  provisions, 
jurisdictions.  None  of 
however, is void, unenforceable or inapplicable 
in New Jersey. 
Notice  to  New  York  Residents:  A  consumer 
credit report may be ordered in connection with 
this  application,  or  subsequently  with 
the 
update,  renewal  or  extension  of  credit.    Upon 
your request, you will be informed of whether or 
not a consumer credit report was ordered and if 
it was, you will be given the name and address 
of the customer reporting agency that furnished 
the report. 

inapplicable 

laws, 

  
 
to  Rhode 

for  purposes  of 

Notice  to  Ohio  Residents:  The  Ohio  Laws 
against  discrimination  require  that  all  creditors 
make credit equally available to all creditworthy 
customers,  and  that  credit  reporting  agencies 
maintain  separate  credit  histories  on  each 
individual  upon request.  The Ohio Civil Rights 
Commission  administers  compliance  with  this 
law. 
Notice 
Island  and  Vermont 
Residents:  A  consumer  credit  report  may  be 
ordered  in  connection  with  this  application, 
increasing  the  credit  line  on  the  account,  or 
subsequently 
review  or 
collection  of  the  account,  or  other  legitimate 
purposes  associated  with  the  account.    If  you 
are  a  Vermont  resident,  you  consent  to  the 
obtaining  of  such 
reports  by  signing  or 
otherwise submitting a credit application. 
Notice  to  Married  Wisconsin  Residents:  No 
provision  of  any  marital  property  agreement, 
unilateral  statement  under  Section  766.59  of 
the  Wisconsin  statutes  or  court  order  under 
Section 766.70, adversely affects the interest of 
the  creditor,  Target  National  Bank,  unless  the 
Bank, prior to the time of the credit is granted or 
an  open-end  credit  plan  is  entered  into,  is 
furnished  a  copy  of  the  Agreement,  Statement 
or  Decree,  or  has  actual  knowledge  of  the 
adverse  provision.    IF  I  AM  A  MARRIED 
RESIDENT,  CREDIT  EXTENDED  UNDER 
THIS ACCOUNT WILL BE INCURRED IN THE 
INTEREST  OF  MY  MARRIAGE  OR  FAMILY.  
Married  applicants  must  provide  their  Social 
Security  number  and  address  and 
their 
spouse’s  name  and  address  to  Target  Card 
Services,  P.O.  Box  673,  Minneapolis,  MN 
55440. 
Notice to Wisconsin Residents: If you do not 
pay  on  time,  we  can  declare  the  entire  New 
Balance  due  and  payable  after  we  have  given 
you proper written notice and you have failed to 

cure  the  default  within  fifteen  (15)  days  notice; 
however,  a  right  to  cure  does  not  exist  if  two 
defaults  have  been  cured  within  the  preceding 
twelve (12) months. 

NOTICE  TO  THE  BUYER  –  DO  NOT  SIGN 
THIS  AGREEMENT  BEFORE  YOU  READ  IT 
OR IF IT CONTAINS BLANK SPACES.  YOU 
ARE  ENTITLED  TO  A  COPY  OF  THE 
AGREEMENT YOU SIGN. 

NOTICE TO THE BUYER:  

1.  Do  not  sign  this  credit  agreement  before 
you read it or if it contains any blank space. 
2.  You  are  entitled  to  a  completely  filled  in 

copy of this agreement. 

RETAIL INSTALMENT CREDIT AGREEMENT 

Applicant:  Your  name,  address  and  signature 
(including any electronic or digital signature) on 
any  application  or  solicitation  or  on  any  sales 
slip  or other  evidence  of indebtedness on  your 
Account  represents  your  name,  address  and 
signature on this Agreement. 

Terry Scully 
President 
Target National Bank 
3901 West 53rd Street 
Sioux Falls, SD 57106-4216 

YOUR BILLING RIGHTS 
(KEEP THIS NOTICE FOR FUTURE USE) 
This notice contains important information about your rights and our 
responsibilities under the Fair Credit Billing Act. 
NOTIFY  US  IN  CASE  OF  ERRORS  OR  QUESTIONS  ABOUT 
YOUR BILL 
If you think your bill is wrong, or if you need more information about 
a  transaction  on  your  bill,  write  to  us  on  a  separate  sheet  at  the 
address  listed  on  your  bill  where  it  says,  “In  Case  of  Errors  or 
Questions  About  Your  Bill.”  Write  as  soon  as  possible.    We  must 
hear from you no later than 60 days after we sent you the first bill on 
which  the  error  or  problem  appeared.    You  can  telephone  us,  but 
doing so will not preserve your rights. 
In your letter: 
• 
• 
• 

Give us your name and Account number;  
State the dollar amount of the suspected error; and 
Describe  the  error  and  explain,  if  you  can,  why  you 
believe there is an error.  If you need more information, 
describe the item you are not sure about. 

YOUR RIGHTS AND OUR RESPONSIBILITIES 
AFTER WE RECEIVE YOUR WRITTEN NOTICE 
We  must  acknowledge  your  letter  within  30  days,  unless  we  have 
corrected the  error by  then. Within 90  days,  we must either correct 
the error or explain why we believe the bill was correct.  

After we receive your letter, we cannot try to collect any amount 
you  question,  or  report  you  as  delinquent.  We  can  continue  to  bill 
you for the amount you question, including finance charges, and we 
can  apply  any  unpaid  amount  against  your  credit  limit.  You  do  not 
have to pay any questioned amount  while  we are investigating, but 
you  are  still  obligated  to  pay  the  parts  of  your  bill  that  are  not  in 
question. 

If we find that we made a mistake on your bill, you will not have 
to pay any finance charges related to any questioned amount. If we 
didn’t  make  a  mistake,  you  may  have  to  pay  finance  charges,  and 
you  will  have  to  make  up  any  missed  payments  on  the  questioned 
amount. In either case, we will send you a statement 
of the amount you owe and the date that it is due.  

If  you  fail  to  pay  the  amount  that  we  think  you  owe,  we  may 
report  you  as  delinquent.  However,  if  our  explanation  does  not 
satisfy you and you write to us within ten days telling us that you still 
refuse to pay, we must tell anyone we report you to that you have a 
question  about  your  bill,  and  we  must  tell  you  the  name  of  anyone 
we  reported  you  to. We  must  tell  anyone  we  report  you  to  that  the 
matter has been settled between us when it finally is.  

If we don’t follow these rules, we can’t collect the first $50 of the 

questioned amount, even if your bill was correct. 

SPECIAL RULE FOR CREDIT CARD PURCHASES 

If  you  have  a  problem  with  the  quality  of  property  or  services  that 
you purchased with a credit card, and you have tried in good faith to 
correct  the  problem  with  the  merchant,  you  may  have  the  right  not 
to pay the remaining amount due on the property or services. 

  
 
 
 
 
 
 
 
 
 
 
 
 
 
Annual Percentage Rate 
(APR) for Purchases 

Your Annual Percentage Rates and corresponding Daily Periodic Rates may vary with changes in the Prime Rate.  

Pricing Information 

The Annual Percentage Rate (“APR”) and corresponding Daily Periodic Rate (“DPR”) will be determined by adding a margin to the Prime Rate. 
The “Prime Rate” means the highest U.S. Prime Rate published in the “Money Rates” section of The Wall Street Journal. For each billing 
period we look at the Prime Rate on the last business day of the previous calendar month. Any change in the APR and corresponding DPR will 
take effect on the first day of the billing period. Your rates may increase when the Prime Rate increases. If the APR and corresponding DPR 
increase, the Minimum Payment Due and the amount of Interest Charges on your Account may also increase.  

The APR for Purchases may vary and is determined by adding to the Prime Rate a margin of 19.65%. For your billing period ending this 
month, your Purchase APR is 22.90% (corresponding to a DPR of 0.06273%).  

How to Avoid Paying 
Finance Charges 

Your due date is at least 25 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 each month. 

Annual Fee 
Penalty Fees 

None 

• 

Late Payment 

Up to $35.00 

•  Returned 

Up to $25.00 

How We Will Calculate Your Balance: We use a method called “Daily Balance.” We calculate a Daily Balance for your Account. We maintain separate balances for your 
Purchase and special promotional Purchase balances (each, a “Balance Type”) and calculate a Daily Balance for each.  To determine the Daily Balance for a Balance Type, 
each day we take the beginning balance for the Balance Type, add any new charges included in that Balance Type, and subtract any payments and credits applied to that 
Balance Type.  We then multiply the resulting balance by the applicable Daily Periodic Rate.  The resulting daily Interest Charge is included in the beginning balance of that 
Balance Type for the next day.  Purchases are included in the Daily Balance as of the later of the transaction date or the first day of the billing period in which the Purchase is 
posted to the Account. Other Charges are included in the Daily Balance when posted to the Account.