This is an example of terms that were available to recent applicants as of 3/31/16. They may not be available now. If you apply, your terms will be based on the terms of the offer when you apply. This Pricing 
Schedule is part of the Cardmember Agreement.

PRICING SCHEDULE

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

23.24%. This APR will vary with the market based on the Prime Rate.1

APR for Balance Transfers

APR for Cash Advances

23.24%. This APR will vary with the market based on the Prime Rate.1

25.24%. This APR will vary with the market based on the Prime Rate.1

Penalty APR and When It Applies

None

Paying Interest

Your due date is at least 25 days after the close of each billing period (at least 23 days for billing periods that 
begin in February). We will not charge you any interest on purchases if you pay your entire balance by the due 
date each month. We will begin charging interest on cash advances and balance transfers as of the later of the 
transaction date or the first day of the billing period in which the transaction posted to your Account.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $2.00.

Fees

Annual Fee 

Balance Transfer Fee

Cash Advance Fee

Late Fee 

None 

3% of the amount of each transfer.

Either $10 or 5% of the amount of each cash advance, whichever is greater.

None the first time you pay late. After that, up to $35.

Returned Payment Fee

Up to $35.

How We Will Calculate Your Balance: We will use a method called “daily balance (including current transactions)”. See the Cardmember Agreement for details.

1  The purchase and balance transfer APR is equal to the Prime Rate plus a margin of 19.74%.
The Cash Advance APR is equal to the Prime Rate plus a margin of 21.74%.

©2016 Discover Bank, Member FDIC 
CMASECDI33116

- 1 -

 
Security Deposit Account

Withdrawals

Additional Funds

Security Deposit  
Account Statements

Electronic Fund Transfers  
to or from your Security 
Deposit Account

Pledge and Grant of  
Security Interest

SECURITY AGREEMENT

This is the Security Agreement for your Discover it® Secured Credit Card Account (“Account”). The words “you,” “your,” and “yours” mean you and any other person(s) 
who are contractually liable under the Cardmember Agreement governing the Account. The words “our,” “us,” and “we” mean Discover Bank. “Business days” are 
Monday through Friday, excluding Federal Reserve Bank holidays.

 In consideration of and as a condition to our opening the Account for you and other good and valuable consideration, you are providing funds from an account in 
your name to serve as security for your Account (“Funds”). We will hold these Funds in an account (“Security Deposit Account”) under our exclusive control. You must 
maintain this Security Deposit Account as security for the Account, and you grant us a security interest in the Security Deposit Account. This Security Deposit Account 
will include any and all future extensions, renewals, or replacements of the Security Deposit Account. No portion of the Security Deposit Account may be used to 
secure other loans. The minimum amount required to be deposited is the amount of your initial Account credit line but will not be less than $200. You may make a 
transfer to the Security Deposit Account solely for purposes of funding your required security deposit. The Security Deposit Account will be solely owned by you. Funds 
in Discover Bank Security Deposit Accounts are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to the maximum allowable limits. For more detailed 
information on FDIC coverage, contact the FDIC directly at 1-877-ASKFDIC (1-877-275-3342), (TDD: 1-800-925-4618) or visit www.fdic.gov. Discover will maintain 
separate records to account for your Funds. 

 You will not be permitted to make withdrawals from the Security Deposit Account. (See Return of Funds Section below for terms and conditions regarding return of 
the Funds and closure of your Account.)

 Other than depositing Funds to secure your Account, you will not be permitted to make deposits to the Security Deposit Account.

You will get a monthly Security Deposit Account statement as part of your Account statement.

You may fund your Security Deposit Account with an electronic fund transfer (“Transfer”). If we do not complete a Transfer to your Security Deposit Account on time 
or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, we will not be liable if circumstances beyond 
our control (such as fire or flood) prevent the transfer, despite reasonable precautions that we have taken. In case of errors or questions about your funding Transfers 
call us at 1-800-347-3085 or write us at P.O. Box 30943, Salt Lake City, UT 84130-0943 as soon as you can, if you think your statement is wrong or if you need more 
information about a funding Transfer listed on the statement. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem 
or error appeared. (1) Tell us your name and Account number. (2) Describe the error or the Transfer you are unsure about, and explain as clearly as you can why you 
believe it is an error or why you need more information. (3) Tell us the dollar amount of the suspected error. If you tell us orally, we may require that you send us your 
complaint or question in writing within 10 business days. We will determine whether an error occurred within 10 business days after we hear from you and will correct 
any error promptly. If we need more time, however, we may take up to 45 days to investigate your complaint or question. If we decide to do this, we will credit your 
Security Deposit Account within 10 business days for the amount you think is in error (if applicable), during the time it takes us to complete our investigation. If we 
ask you to put your complaint or question in writing and we do not receive it within 10 business days, we may not credit your Security Deposit Account (if applicable). 
For errors involving a new Security Deposit Account, we may take up to 90 days to investigate your complaint or question. For a new Security Deposit Account, 
we may take up to 20 business days to credit your Security Deposit Account (if applicable) for the amount you think is in error. We will tell you the results within 
three business days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the 
documents that we used in our investigation. 

You understand that granting us a security interest in the Security Deposit Account and the Funds is a necessary condition for opening your Account. As security for the 
prompt payment and performance of all your obligations to us arising pursuant to the Account (“Obligations”), you hereby grant a security interest to us in all of your 
right, title, and interest in the Security Deposit Account and any and all Funds, including all proceeds of and additions to the Security Deposit Account and the Funds. We 
may increase or decrease your Account credit line and no such action shall change the fact that the Security Deposit Account and the Funds are held by us as security for 
the Obligations. You represent that there are no current lawsuits or bankruptcy proceedings that might affect our interest in the Security Deposit Account or the Funds. 
You have not and will not attempt to transfer or offer any interest in the Security Deposit Account or the Funds to any person other than us. You and we acknowledge that 
subject to our possession of and security interest in the Security Deposit Account and the Funds, you retain beneficial ownership of the Security Deposit Account and the 
Funds for FDIC insurance purposes.

Interest on Funds

No interest will be paid on the Funds. If we do pay interest in the future, we will add it to the Security Deposit Account. 

Application of Funds to  
the Account

Return of Funds

Confidentiality

If you are in default under the Cardmember Agreement or the Account is closed for any reason, you authorize us at any time(s) to withdraw all or any portion of 
the Funds from the Security Deposit Account and apply them to reduce your Obligations. Any such application of Funds will not constitute any part of the Minimum 
Payment Due under the Cardmember Agreement. You will continue to be responsible for making payments as required under the Cardmember Agreement and 
for repaying any outstanding Obligations. Our rights under this Security Agreement are in addition to any others we have under applicable law. We may make 
settlements or compromises on the Security Deposit Account, transfer the Security Deposit Account to our name, or exercise ownership rights on the Security Deposit 
Account. We are not required to notify you of any of the above.

If we determine that you qualify for return of any Funds from the Security Deposit Account, we will return these Funds to you by a method we deem sufficient. If your 
Account is closed, we will return any excess Funds that remain in the Security Deposit Account after repayment of all Obligations. We generally return these excess Funds 
within ten days after the end of the second billing period following the time that Funds are initially applied to reduce your Obligations. If we mail a check to you, we 
will mail it to your mailing address on file with us for the Security Deposit and Card Accounts. In the event of your death, we will not release Funds on deposit unless all 
Obligations have been repaid and all legal documents we require are delivered to us. 

We will disclose information to third parties about your Security Deposit Account or any transfers you make: (a) where it is necessary for completing a transfer, or (b) in 
order to verify the existence and condition of your Security Deposit Account for a third party, or (c) in order to comply with government agency or court orders, or (d) if you 
give us your written permission, or (e) as permitted by the privacy notice we have provided to you.

-2-

Legal Proceedings

Miscellaneous

SECURITY AGREEMENT (CONTINUED)

We may comply with any writ of attachment, adverse claim, garnishment, tax levy, restraining order, subpoena, warrant or other legal proceeding involving your Security 
Deposit Account which we believe to be valid. If your Account, your Security Deposit Account, or your Funds become involved or are likely to become involved in a legal 
proceeding, you understand that the entire balance of your Funds in the Security Deposit Account may be restricted until the matter has been resolved. Such proceedings 
are subject to our security interest. We shall be entitled to rely upon the representations, warranties, and statements made in such legal proceedings. You agree to hold 
harmless and indemnify us for any losses, expenses and costs, including reasonable attorneys’ fees, incurred by us as a result of complying with such legal proceedings. 
In addition to the events of default set forth in the Cardmember Agreement, you will be in default under the Cardmember Agreement if we are served or become involved 
with a legal proceeding regarding the Funds or Security Deposit Account. 

This Security Agreement and our security interest and rights as pledge hereunder are governed by Delaware law. We may, in our sole discretion, assign the Security 
Deposit Account and our rights and obligations under this Security Agreement. If we use an attorney to defend or enforce our rights under this Security Agreement or 
to perform any legal services in connection with this Security Agreement, we may charge you our legal costs as permitted by law. This Security Agreement supplements  
the Cardmember Agreement. The other terms of the Cardmember Agreement apply to this Security Agreement, and as such disputes regarding the terms of this Security 
Agreement are subject to Arbitration as set forth in the Cardmember Agreement. The terms of this Security Agreement shall survive and continue to apply to the Security 
Deposit Account following closure of the Account or the Security Deposit Account, and shall be binding on you even if you cancel your Account or do not accept the 
Cardmember Agreement as permitted in the Cardmember Agreement. If any part of the Security Agreement is invalid, the rest of the Security Agreement will remain  
in effect. 

-3-

CARDMEMBER AGREEMENT

Thank you for choosing Discover® card. This Agreement explains the current terms and conditions of your Account. The enclosed Pricing Schedule is part of this Agreement. Please read this Agreement, 
including the Pricing Schedule, carefully. Keep them for your records. Contact us if you have any questions. We have included a “Definitions” section for your reference on page 4.

ACCEPTANCE OF AGREEMENT

You accept this Agreement if you do not cancel your Account within 30 days after receiving a Card. You also accept this Agreement if you or an Authorized User use 
the Account. You may, however, reject the “Arbitration of Disputes” section as explained in that section.

CHANGES TO YOUR AGREEMENT

The rates, fees and terms of this Agreement may change from time to time. We may add or delete any term to this Agreement. If required by law, we will give you  
advance written notice of the change(s) and a right to reject the change(s). We will not charge any fee or interest charge prohibited by law.

USING YOUR ACCOUNT
Permitted Uses

Authorized Users

Joint Accounts

Checks

Credit Authorizations

Credit Lines

You may use your Account for Purchases, Balance Transfers and Cash Advances. You may not use it for illegal transactions.

 You may request additional Cards for Authorized Users. You must notify us if you wish to cancel the authority of an Authorized User to use your Account.

If your Account is a joint Account 
• each of you agrees to be liable individually and jointly for the entire amount owed on the Account; and 
• any notice we mail to an address provided by either of you for the Account will serve as notice to both of you.

 If we provide you with Checks, we will tell you whether we will treat the Check as a Purchase, Balance Transfer or Cash Advance. You may not use these Checks to 
pay any amount you owe us.

 We may not authorize a transaction for security or other reasons. We will not be liable to you if we decline to authorize a transaction or if anyone refuses your Card, 
Check or Account number.

We  will  tell  you  what  your  Account  credit  line  is.  You  must  keep  your  Account 
balance below your Account credit line. If you do not, we may request immediate 
payment of the amount by which you exceed it. We may establish a lower credit line 

for Cash Advances. We may increase or decrease your Account credit line or your 
Cash Advance credit line without notice. We may delay increasing your available 
credit by the amount of any payment that we receive for up to 10 business days.

FEES (See your Pricing Schedule for Additional Fees)

Late Fee

Returned Payment Fee

We will not charge a Late Fee the first time you do not make the Minimum Payment Due by the Payment Due Date. After that, if you do not pay the Minimum Payment 
Due by the Payment Due Date, we will charge you a Late Fee. The fee is $25 if you were not charged a Late Fee during any of the prior six billing periods. Otherwise, 
the fee is $35. This fee will never exceed the Minimum Payment Due that was due immediately prior to the date on which the fee was assessed.

If you make a payment that is not honored by your financial institution, we will charge you a Returned Payment Fee even if the payment is honored after we re-submit 
it. The fee is $25 if you were not charged a Returned Payment Fee during any of the prior six billing periods. Otherwise, the fee is $35. This fee will never exceed the 
Minimum Payment Due that was due immediately prior to the date on which the payment was returned to us.

Returned Check Fee

 We will charge you a Returned Check Fee each time we decline to honor a Check. The fee is $25 if you were not charged a Returned Check Fee during any of the 
prior six billing periods. Otherwise, the fee is $35. This fee will never exceed the amount of the Check. 

ANNUAL PERCENTAGE RATES (“APRs”) (See your Pricing Schedule for the APRs that apply to your Account)

Variable APRs

Your Pricing Schedule may include variable APRs. These APRs are determined by 
adding the number of percentage points that we specify to the Prime Rate. Variable 
APRs will increase or decrease when the Prime Rate changes. The APR change 

will  take  effect  on  the  first  day  of  the  billing  period  that  begins  during  the 
same calendar month that the Prime Rate changes. An increase in the APR will 
increase  your  interest  charges  and  may  increase  your  Minimum  Payment  Due.

Penalty APR

None

MAKING PAYMENTS

Payment Instructions

•  You must pay us in U.S. dollars. All checks must be drawn on funds on deposit 

in the U.S.

•  You must pay us for all amounts due on your Account. This includes charges 

  “ payment in full” or with any other restrictive endorsement without
  losing any of our rights under this Agreement.
•  We  credit  your  payments  in  accordance  with  the  terms  contained  on  your  

made by Authorized Users.

billing statement.

•  We may refuse to accept a payment in a foreign currency. If we do accept it,  

we will charge your Account our cost to convert it to U.S. dollars.

•  We can accept late payments, partial payments or payments marked

•  If you mail your payment to an address other than the address designated on 
your billing statement, there may be a delay in processing and crediting the 
payment to your Account.

Minimum Payment Due

You may pay the entire New Balance shown on your billing statement at any time. Each 
billing period you must pay at least the Minimum Payment Due by the Payment Due Date 
shown on your billing statement. The Minimum Payment Due will be the greater of: 
•  $20; or
•    Any amount past due plus the greater of:
   –  3% of the New Balance shown on your billing statement (excluding any Interest  
Charges and Late Fee shown on your billing statement); or – $15, plus any of 
the following charges as shown on your billing statement: fees for any debt 
protection product that you enrolled in on or after 2/1/2015; 

Interest Charges; and Late Fees (not to exceed 4% of the New Balance).
The Minimum Payment Due may also include amounts by which you exceed your 
Account  credit  line.  It  will  never  exceed  the  New  Balance.  When  we  calculate 
the Minimum Payment Due, we may subtract from the New Balance certain fees 
added to your Account during the billing period. The Minimum Payment Due is 
rounded up to the nearest dollar. 

How We Apply Payments

We  apply  payments  and  credits  at  our  discretion,  including  in  a  manner  most 
favorable or convenient for us. In all cases, we will apply payments and credits as 
required by applicable law. 

Each  billing  period,  we  will  generally  apply  amounts  you  pay  that  exceed  the 
Minimum Payment Due to balances with higher APRs before balances with lower 
APRs as of the date we credit your payment.

-4-

INTEREST CHARGES
How We Calculate Interest 
Charges—Daily Balance 
Method (including current 
transactions)

Paying Interest

We calculate interest charges each billing period by first figuring the “daily balance” 
for each Transaction Category. Transaction Categories include standard Purchases, 
standard Cash Advances and different promotional balances, such as Balance Transfers.
How We Figure the Daily Balance for Each Transaction Category
•  We start with the beginning balance for each day. The beginning balance for the    
first day of the billing period is your balance on the last day of your previous billing period.
•  We add any interest charges accrued on the previous day’s daily balance and any 
new transactions and fees. We add any new transactions or fees as of the later of 
the Transaction Date or the first day of the billing period in which the transaction 
or fee posted to your Account.

• We subtract any new credits and payments.
•  We make other adjustments (including those adjustments required in the “Paying 

Interest” section).

 When Interest Charges Begin 
We begin to impose interest charges on a transaction, fee or interest charge from 
the day we add it to the daily balance. We continue to impose interest charges 
until you pay the total amount you owe us. You can avoid paying interest on 
Purchases as described below. However, you cannot avoid paying interest on 
Balance Transfers or Cash Advances.
 How to Avoid Paying Interest on Purchases (“Grace Period”) 
If you paid the New Balance on your previous billing statement by the Payment Due

How We Figure Your Total Interest Charges
•  We multiply the daily balance for each Transaction Category by its daily periodic 
rate. We do this for each day in the billing period. This gives us the interest charges  
for each Transaction Category. To get a daily periodic rate, we divide the APR that 
applies to the Transaction Category by 365.

•  We add up all the daily interest charges. The sum is the total interest charge for 

the billing period.
How We Include Fees
 We  add  Balance  Transfer  Fees  to  the  applicable  Balance  Transfer  Transaction 
Category. We add Cash Advance Fees to the applicable Cash Advance Transaction 
Category. We add all other fees to the standard Purchase Transaction Category.

Date shown on that billing statement, we will not impose interest charges on 
new Purchases, or any portion of a new Purchase, paid by the Payment Due 
Date on your current billing statement. New Purchases are Purchases that first 
appear on the current billing statement.
 How We Apply Payments May Impact Your Grace Period 
If you do not pay your New Balance in full each month, then, depending on the balance 
to which we apply your payment, you may not get a grace period on new Purchases.

OTHER IMPORTANT INFORMATION
Default

You are in default if:
•  you file bankruptcy or another insolvency proceeding is filed by you or against you;
•   we  have  a  reasonable  belief  that  you  are  unable  or  unwilling  to  repay  your 

obligations to us;

•  you die or are legally declared incompetent or incapacitated;

•   you fail to comply with the terms of this Agreement or any Agreement with 
us or an Affiliate, including failing to make a required payment when due, 
exceeding your Account credit line or using your Card or Account for an illegal 
transaction.

If you are in default, we may declare the entire balance of your Account 
immediately due and payable without notice.

Collection Costs

Merchant Disputes

Automatic Billing  
Arrangements

Our Privacy Policy

Reporting to Credit  
Reporting Agencies

Our Communications  
with You

Unauthorized Use

If we use an attorney to collect your Account, we may charge you our legal costs as permitted by law. These include reasonable attorneys’ fees, court or other collection 
costs, and fees and costs of any appeal. 

If you have a dispute with a merchant, you may request a credit to your Account. If we resolve the dispute in your favor, we will issue a credit to your Account. You assign to 
us your claim for the credited amount against the merchant and/or any third party. At our request, you agree to provide this assignment in writing.

You may set up automatic billing with a merchant. If your Account number or Card expiration date changes, you authorize us to provide this updated information to any such 
merchant at our discretion. You must contact the merchant directly if you wish to stop automatic billing.

We send you our Privacy Policy when you open your Account and annually. Contact 
us or visit Discover.com if you would like a copy. Please read it carefully. It summarizes: 
• the personal information we collect;

• how we safeguard its confidentiality and security; 
• when it may be shared with others; and  
• how you can limit our sharing of this information.

 We  may  from  time  to  time  review  your  credit,  employment  and  income  records. 
We may report the status and payment history of your Account to credit reporting 
agencies  and  other  creditors.  We  normally  report  to  credit  reporting  agencies  
each month.

You agree that we (and our affiliates, agents, and contractors) may monitor or 
record any calls between you and us. If we need to contact you to service your 
Account or to collect amounts you owe to us, you authorize us (and our affiliates, 
agents, and contractors) to contact you at any number (i) you have provided to us 
(ii) from which you called us, or (iii) which we obtained and believe we can reach  

You must notify us immediately if:
•  your Card is lost or stolen; or 
•  you believe someone is using your Account or a Card without your permission.

If you believe that information we reported is inaccurate or incomplete, please write 
us at Discover, PO Box 15316, Wilmington, DE 19850-5316. Please include your name, 
address, home phone number and Account number.

you at. We may contact you in any way, such as calling, texting, or e-mail. We may 
contact you using an automated dialer or using pre-recorded messages. We may 
contact you on a mobile, wireless, or similar device, even if you are charged for it 
by your provider.

Cancellation of Your Account

 •   You may cancel your Account. You will remain responsible for any amount you 

•  We may cancel, suspend or not renew your Account at any time without notice.

owe us under this Agreement. 

•  Any joint Accountholder may cancel a joint Account. However, both of you will 
    remain responsible for paying all amounts owed.

Purchases and Cash Advances 
in Foreign Currencies

If you make a Purchase or Cash Advance in a foreign currency, we will convert 
it to U.S. dollars using a rate we choose. This rate will either be a government-
mandated rate, a government-published rate or the interbank exchange rate,

depending  on  the  country  and  currency  in  which  the  transaction  is  made.  We 
use the rate in effect on the conversion date for the transaction. This rate may 
be different than the rate in effect on the Transaction Date for the transaction.

Governing Law

Severability

This Agreement is governed by applicable federal law and by Delaware law. However, in the event you default and we file a lawsuit to recover funds loaned to you, the 
statute of limitations of the state where the lawsuit is filed will apply, without regard to that state’s conflicts of laws principles or its “borrowing statute.”

If any part of this Agreement is found to be invalid, the rest of it will still remain in effect. However, if the Class Action Waiver in the “Arbitration of Disputes” section is 
invalidated in any proceeding in which you and we are involved, then the “Arbitration of Disputes” section will be void with respect to that proceeding.

-5-

Enforcing this Agreement

We may delay enforcing or not enforce any of our rights under this Agreement without losing or waiving any of them.

Assignment of Account

CONTACT US

DEFINITIONS

We may sell, assign or transfer your Account or any portion of it without notice to you. You may not sell, assign or transfer your Account without first obtaining our 
prior written consent.

Unless we tell you otherwise, you can notify us:
•  by phone at 1-800-347-3085 or 
•  in writing to Discover, PO Box 30943, Salt Lake City, UT 84130-0943.

When writing, please include your name, address, home phone number and 
Account number. You must contact us within 15 days after changing your e-mail 
address, mailing address or phone number.

“Account” means your Discover card account.
“Affiliate” means our parent corporations, subsidiaries and affiliates.
“  Authorized User” means any person you authorize to use your Account or  
a Card, whether you notify us or not.
“ Balance Transfer” means a balance transferred from another creditor to  
your Account.
“ Card” means any one or more Discover cards issued to you or someone else 
with your authorization.
“Cash Advance” means the use of your Account to:
•   obtain cash from participating automated teller machines, financial 

institutions or other locations;

•  purchase lottery tickets, money orders, casino chips, foreign currency  
  or similar items.

“Check” means any check we send to you to access your Account.
“ Pricing Schedule” means the document entitled, “Pricing Schedule”, which 
lists the APRs that apply to your Account and other important information.
“  Prime Rate” means the highest rate of interest listed as the U.S. Prime rate in  
the Money Rates section of The Wall Street Journal on the last business day of the 
month.
“ Purchase” means the use of your Account to purchase or lease goods or 
services at participating merchants.
“We,” “us” and “our” refer to Discover Bank, the issuer of your Card.
“You,” “your” or “yours” refer to you and any other person(s) who are also 
  contractually liable under this Agreement.
“Transaction Date” means the date shown on your billing statement for a 
  transaction or fee.

ARBITRATION
Agreement to arbitrate. In the event of a dispute between you 
and us arising under or relating to this Account, either may choose 
to resolve the dispute by binding arbitration, as described below, 
instead of in court. Any claim (except for a claim challenging the 
validity or enforceability of this arbitration agreement, including 
the Class Action Waiver) may be resolved by binding arbitration if 
either side requests it. THIS MEANS IF EITHER YOU OR WE CHOOSE 
ARBITRATION,  NEITHER  PARTY  SHALL  HAVE  THE  RIGHT  TO 
LITIGATE SUCH CLAIM IN COURT OR TO HAVE A JURY TRIAL. ALSO 
DISCOVERY AND APPEAL RIGHTS ARE LIMITED IN ARBITRATION.
CLASS  ACTION  WAIVER.  ARBITRATION  MUST  BE  ON  AN 
INDIVIDUAL  BASIS.  THIS  MEANS  NEITHER  YOU  NOR  WE 
MAY  JOIN  OR  CONSOLIDATE  CLAIMS  IN  ARBITRATION  BY  OR 
AGAINST  OTHER  CARDMEMBERS,  OR  LITIGATE  IN  COURT  OR 
ARBITRATE  ANY  CLAIMS  AS  A  REPRESENTATIVE  OR  MEMBER 
OF A CLASS OR IN A PRIVATE ATTORNEY GENERAL CAPACITY. 
Only  a  court,  and  not  an  arbitrator,  shall  determine  the 
validity  and  effect  of  the  Class  Action  Waiver.  Even  if  all 
parties  have  opted  to  litigate  a  claim  in  court,  you  or  we 
may  elect  arbitration  with  respect  to  any  claim  made  by  a 
new  party  or  any  new  claims  later  asserted  in  that  lawsuit.
Your Right to Go To Small Claims Court. We will not choose 
to arbitrate any claim you bring in small claims court. However, 
if such a claim is transferred, removed or appealed to a different 
court, we may then choose to arbitrate.
Governing  Law  and  Rules.  This  arbitration  agreement  is 
governed  by  the  Federal  Arbitration  Act  (FAA).  Arbitration 
must  proceed  only  with  the  American  Arbitration  Association 
(AAA) or JAMS. The rules for the arbitration will be those in this 
arbitration agreement and the procedures of the chosen arbitration 
organization,  but  the  rules  in  this  arbitration  agreement  will  be 
followed if there is disagreement between the agreement and the 
organization’s procedures. If the organization’s procedures change 
after the claim is filed, the procedures in effect when the claim was 
filed will apply. For a copy of each organization’s procedures, to file 
a claim or for other information, please contact:

• AAA  at  1101  Laurel  Oak  Rd.,  Voorhees,  NJ  08043,  
  www.adr.org (phone 1-877-495-4185) or
• JAMS  at  620  Eighth  Ave.,  Floor  34,  New  York,  NY  10018, 
  www.jamsadr.com (phone 1-800-352-5267).
If both AAA and JAMS are completely unavailable, and if you and 
we cannot agree on a substitute, then either you or we may request 
that a court appoint a substitute.
Fees and Costs. If you wish to begin an arbitration against us but 
you cannot afford to pay the organization’s or arbitrator’s costs, 
we will advance those costs if you ask us in writing. Any request 
like this should be sent to Discover, PO Box 30421, Salt Lake City, 
UT  84130-0421.  If  you  lose  the  arbitration,  the  arbitrator  will 
decide whether you must reimburse us for money we advanced 
for you for the arbitration. If you win the arbitration, we will not 
ask for reimbursement of money we advanced.
Additionally, if you win the arbitration, the arbitrator may decide 
that you are entitled to be reimbursed your reasonable attorneys’ 
fees and costs (if actually paid by you).
Hearings  and  Decisions.  Arbitration  hearings  will  take  place 
in the federal judicial district where you live. A single arbitrator 
will be appointed.
The arbitrator must:
•  Follow  all  applicable 
    contradicted by the FAA;
•  Follow applicable statutes of limitations;
•  Honor valid claims of privilege;
•  Issue a written decision including the reasons for the award.
The arbitrator’s decision will be final and binding except for any 
review  allowed  by  the  FAA.  However,  if  more  than  $100,000 
was genuinely in dispute, then either you or we may choose to 
appeal to a new panel of three arbitrators. The appellate panel 
is  completely  free  to  accept  or  reject  the  entire  original  award 
or any part of it. The appeal must be filed with the arbitration 
organization  not  later  than  30  days  after  the  original  award 
issues.  The  appealing  party  pays  all  appellate  costs  unless  the 
appellate panel determines otherwise as part of its award.

law,  except  when 

substantive 

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Any  arbitration  award  may  be  enforced  (such  as  through  a 
judgment) in any court with jurisdiction. 
Other Beneficiaries of this Provision. In addition to you and 
us, the rights and duties described in this arbitration agreement 
apply to: our Affiliates and our and their officers, directors and 
employees; any third party co-defendant of a claim subject to this 
arbitration provision; and all joint Accountholders and Authorized 
Users of your Account(s).
Survival  of  this  Provision.  This  arbitration  provision  shall 
survive:
•  closing of your Account;
•  voluntary payment of your Account or any part of it;
•  any legal proceedings to collect money you owe;
•  any bankruptcy by you; and
•  any sale by us of your Account.
You Have the Right to Reject Arbitration for this Account. 
You may reject the arbitration agreement but only if we 
receive  from  you  a  written  notice  of  rejection  within  30 
days  of  your  receipt  of  the  Card  after  your  Account  is 
opened. You must send the notice of rejection to: Discover, 
PO Box 30938, Salt Lake City, UT 84130-0938. Your rejection 
notice must include your name, address, phone number, Account 
number  and  personal  signature.  No  one  else  may  sign  the 
rejection  notice  for  you.    Your  rejection  notice  also  must  not 
be sent with any other correspondence. Rejection of arbitration 
will  not  affect  your  other  rights  or  responsibilities  under  this 
Agreement. If you reject arbitration, neither you nor we will be 
subject to the arbitration provisions for this Account. 

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:
Discover
PO Box 30421
Salt Lake City, UT 84130-0421

In your letter, give us the following information: 
• Account information: Your name and account number. 
• Dollar amount: The dollar amount of the suspected error. 
• Date: The date 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.
• By 5:00 pm Eastern Time on the date of your scheduled automated payment withdrawal if you want  
  to cancel or modify your payment.
You must notify us of any potential errors in writing. You may call us, but if you do we are not 
necessarily 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 in writing 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 and notify you in writing of the 

correction or explain to you in writing 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 and related interest in question or report you as delinquent on 

that amount.

•  The charge in question may continue to appear on your statement.
•  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 in writing 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 not to pay the 
remaining amount due on the purchase.

To use this right, all of the following must be true: 
1.  The purchase must have been made in your home state or within 100 miles of your current mailing 

address, and the purchase price must have been more than $50. (Note: Neither of these are necessary 
if your purchase was based on an advertisement we mailed to you, or if we own the company that 
sold you the goods or services, or if the company that sold you the goods or services owns us.)

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.

If all of the criteria above are met and you are still dissatisfied with the purchase,
contact us in writing at:
Discover
PO Box 30945
Salt Lake City, UT 84130-0945

While we investigate, the same rules apply to the disputed amount as discussed above. After we finish 
our investigation, we will tell you our decision. At that point, if we think you owe an amount and you do 
not pay, we may report you as delinquent.

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