FR833282333_BELK REWARDS CARD 
TC DC 35602C 
6/18

SYNCHRONY BANK 
SECTION I: RATES AND FEES TABLE 
BELK REWARDS CARD ACCOUNT AGREEMENT 
PRICING INFORMATION

Interest Rates and Interest Charges

Annual Percentage Rate 
(APR) for Purchases

25.49%

How to Avoid Paying Interest

Your  due  date  is  at  least  23  days  after  the  close  of  each  billing  cycle.  We  will  not 
charge you any interest on purchases if you pay your entire balance by the due date  
each month. 

Minimum Interest Charge

If you are charged interest, the charge will be no less than $1.00.

Fees

Penalty Fees

• Late Payment

Up to $38.

How We Will Calculate Your Balance: We use a method called “daily balance.” See your credit card account agreement 
below for more details.

SECTION II: RATES, FEES AND PAYMENT INFORMATION 
BELK REWARDS CARD ACCOUNT AGREEMENT

How Interest is Calculated

Your Interest Rate

We  use  a  daily  rate  to  calculate  the  interest  on  the  balance  on  your  account  each  day.  The  daily  rate  for 
purchases is the APR times 1/365. The daily rate for purchases is .06984% (APR 25.49%). Interest will be 
imposed in amounts or at rates not in excess of those permitted by applicable law.

When We Charge Interest 

We charge interest on your purchases from the date you make the purchase until you pay the purchase in full. 
See exceptions below.

•  We will not charge you interest during a billing cycle on any purchases if:

  1. You had no balance at the start of the billing cycle; OR

  2.  You had a balance at the start of the billing cycle and you paid that balance in full by the due date in that 

billing cycle.

•  We will not charge you interest during a billing cycle on Belk Rewards Flex Pay Plan balances if you pay  

at least:

  1. The Belk Rewards Flex Pay Plan Payment;

  2. The minimum payment on your regular plan balance; and

  3. Any past due amounts by the due date in that billing cycle.

•  We will not charge you interest during a billing cycle on the Table Top/Jewelry Plans if you pay at least:

  1. The minimum payment called for under such Plan;

  2. All other minimum payments on your account; and

  3. Any past due amounts by the due date in that billing cycle.

•  We will credit, as of the start of the billing cycle, any payment you make by the due date that we allocate to 

purchases if:

  1. You had no balance at the start of the previous billing cycle; OR

  2.  You had a balance at the start of the previous billing cycle and you paid that balance in full by the due 

date in the previous billing cycle.

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How We Calculate Interest

How Fees Work 

Late Payment Fee 

We  figure  the  interest  charge  on  your  account  separately  for  each  balance  type.  We  do  this  by  applying 
the  daily  rate  to  the  daily  balance  for  each  day  in  the  billing  cycle.  A  separate  daily  balance  is  calculated 
for the following balance types: purchases and balances subject to different interest rates, plans or special 
promotions. See below for how this works.

1.  How to get the daily balance: We take the starting balance each day, add any new charges and fees, and 

subtract any payments or credits. This gives us the daily balance.

  We apply fees to balance types as follows:

  a. late payment fees are treated as new purchases; and

  b. debt cancellation fees are added proportionately to each balance.

2. How to get the daily interest amount: We multiply each daily balance by the daily rate that applies.

3. How to get the starting balance for the next day: We add the daily interest amount in step 2 to the daily 

balance from step 1.

4.  How to get the interest charge for the billing cycle: We add all the daily interest amounts that were charged 

during the billing cycle.

We charge a minimum of $1.00 of interest in any billing cycle in which you owe interest. This charge is added 
proportionately to each balance type.

We will charge this fee if we do not receive the total minimum payment due on your account by 5 p.m. (ET) on 
the due date. This fee is equal to:

  1.  $27,  if  you  have  paid  your  total  minimum  payment  due  by  the  due  date  in  each  of  the  prior  six  

billing cycles.

  OR

  2. $38, if you have failed to pay your total minimum payment due by the due date in any one or more of the 

prior six billing cycles.

The late payment fee will not be more than the total minimum payment that was due.

Minimum Payment Calculation

Your total minimum payment is calculated as follows.

The greater of: 

1.  $27, or $38 (which includes any past due amounts) if you have failed to pay at least the total minimum payment due by the due date in any one or 
more of the prior six billing cycles. If you have both a regular balance and a Belk Rewards Flex Pay Plan balance on your account, this amount will be 
allocated proportionately to each balance.

OR

2.  The sum of the following amounts on each of your regular balance and your Belk Rewards Flex Pay Plan balance:

a.  1% of your new balance (excluding any balance associated with a Belk special promotional purchase with a unique payment calculation, such as a 

Table Top/Jewelry Plan purchase) shown on your billing statement plus interest charged in the current billing cycle on such balance; PLUS

b.  Any past due amounts; PLUS

c.  Any late payment fees charged in the current billing cycle; PLUS

d.  Any payment due in connection with a Belk special promotional purchase with a unique payment calculation, such as a Table Top/Jewelry Plans purchase. 
For accounts with a Qualifying Purchase(s) on the Table Top/Jewelry Plans, your minimum monthly payment on such Qualifying Purchase will be 1/12 of 
the highest billed balance of Qualifying Purchases since a Qualifying Purchase was last made on your account, rounded to the next highest dollar. Optional  
credit  insurance/debt  cancellation  charges  and  any  applicable  interest  charges  on  Qualifying  Purchases  are  included  in  the  Qualifying  Purchase 
balance and must be paid each month. Payments required in connection with a special promotional purchase with a unique payment calculation, 
such  as  a  Table  Top/Jewelry  Plan  purchase,  will  not  be  increased,  but  may  be  included  in  the  $27  or  $38  minimum  amount  otherwise  due  on   
your account.

We round up to the next highest whole dollar in figuring your total minimum payment. Your total minimum payment will never be more than your new balance.

Belk Rewards Flex Pay Plan Payment. For accounts with the Belk Rewards Flex Pay Plan, each month, instead of making the minimum payment as 
determined above on your Belk Rewards Flex Pay Plan balance (which includes any applicable late payment fees), you may elect to make a Belk Rewards 
Flex Pay Plan Payment which will initially be the greater of $75 or 1/3 of the initial Belk Rewards Flex Pay Plan balance, rounded to the next highest dollar, 
unless and until additional purchases are charged on the Belk Rewards Flex Pay Plan. After any new purchases are made on the Belk Rewards Flex Pay Plan, 
each Belk Rewards Flex Pay Plan Payment will be the greater of $75 or 1/3 of the new Belk Rewards Flex Pay Plan balance after such new purchases are 
added, rounded to the next highest dollar. In each case, any past due amounts on the Belk Rewards Flex Pay Plan balance will be added to the Belk Rewards 
Flex Pay Plan Payment. However, the Belk Rewards Flex Pay Plan Payment is the Belk Rewards Flex Pay Plan balance if such balance is less than $75.

SECTION III: STANDARD PROVISIONS  
BELK REWARDS CARD ACCOUNT AGREEMENT

ABOUT THE CREDIT CARD ACCOUNT AGREEMENT
This Agreement. This is an Agreement between you and Synchrony Bank, 170 Election Road, Suite 125, Draper, UT 84020, for your credit card account 
shown above. By opening or using your account, you agree to the terms of the entire Agreement. The entire Agreement includes the four sections of this 
document and the application you submitted to us in connection with the account. These documents replace any other agreement relating to your account 
that you or we made earlier or at the same time.

Parties To This Agreement. This Agreement applies to each accountholder approved on the account and each of you is responsible for paying the full 
amount due, no matter which one uses the account. We may treat each of you as one accountholder and may refer to each of you as “you” or “your.” 
Synchrony Bank may be referred to as “we,” “us” or “our.”

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Changes To This Agreement. We may change, add or delete terms of this Agreement, including interest rates, fees and charges.

Special Promotions. The terms of this Agreement apply to any special promotion. However, any special promotional terms that are different than the 
terms in this Agreement will be explained on promotional advertising or other disclosures provided to you.

HOW TO USE YOUR ACCOUNT/CARD
Use Of Your Account. You may use your account only for lawful, family or household purposes. You may use your account for purchases from Belk 
locations, including on belk.com. 

There  are  two  types  of  plan  (“Plans”)  balances  that  may  appear  on  your  account:  regular  plan  balances  (which  may  include  Special  Payment  Plan 
purchases) and Belk Rewards Flex Pay Plan balances, if the Belk Rewards Flex Pay Plan is added to your account. When the Belk Rewards Flex Pay Plan 
is added to your account, any future non-promotional purchases made on your account will automatically be included in the Belk Rewards Flex Pay Plan. 
Any purchases made prior to the Belk Rewards Flex Pay Plan being added to your account will remain in the regular plan balance until paid off. Each month 
you may elect to pay the Belk Rewards Flex Pay Plan Payment or the Belk Rewards Flex Pay Plan balance or the minimum payment otherwise required. 
The way we calculate the minimum payment and interest charges is different for each of these Plans. The other terms and conditions in this Agreement 
will apply to both Plans.

The Table Top Special Payment Plan and Fine Jewelry Special Payment Plan (together the “Table Top/Jewelry Plans”) are two Special Payment Plans that 
you may request be added to your account for Qualifying Purchases as defined herein. Currently, an eligible purchase for the Table Top Special Payment 
Plan is an initial minimum purchase of at least $300.00 of guild products (such as china, crystal, silver or table linens) and any subsequent Table Top 
purchase of $25.00 or more. An eligible purchase for the Fine Jewelry Special Payment Plan is an initial minimum purchase of $500.00 of fine jewelry and 
any subsequent fine jewelry purchase of $150.00 or more. Table Top/Jewelry Plans are available for in-store purchases only. All eligible purchases placed 
on the Table Top/Jewelry Plans at your request are referred to in this Agreement as “Qualifying Purchases.” Although Qualifying Purchases under the Table 
Top/Jewelry Plans are included in your regular balance, the way we calculate the minimum payment and interest charges is different. The other terms and 
conditions in this Agreement will apply to the Table Top/Jewelry Plans.

You Promise To Pay. You promise to pay us for all amounts owed to us under this Agreement. 

Your Responsibility. Each accountholder will receive a card. You may not allow anyone else to use your account. If you do, or if you ask us to send a 
card to someone else, you will be responsible for paying for all charges resulting from their transactions.

Purchase Limits. To prevent fraud, we may limit the number or dollar amount of purchases you can make in any particular amount of time. We also may 
decline any particular charge on your account for any reason.

Credit Limit. You will be assigned a credit limit that we may increase or decrease from time to time. If we approve a purchase that makes you go over your 
credit limit, we do not give up any rights under this Agreement and we do not treat it as an increase in your credit limit.

HOW AND WHEN TO MAKE PAYMENTS
When Payments Are Due. You must pay at least the total minimum payment due on your account by 5 p.m. (ET) on the due date of each billing cycle. 
Payments received after 5 p.m. (ET) will be credited as of the next day. You may at any time pay, in whole or in part, the total unpaid balance without any 
additional charge for prepayment. If you have a balance subject to interest, earlier payment may reduce the amount of interest you will pay. We may delay 
making credit available on your account in the amount of your payment even though we will credit your payment when we receive it.

Payment Options. You can pay by mail, online or at a Belk store. We may allow you to make payments over the phone but we will charge you a fee to 
make expedited phone payments. Your payment must be made in U.S. dollars by physical or electronic check, money order or a similar instrument from 
a bank located in the United States.

How To Make A Payment. You must follow the instructions for making payments provided on your billing statement. If you do not, credit of your payment 
may be delayed up to five days. Your billing statement also explains how information on your check is used.

Payment Allocation. We will apply the required total minimum payment to balances on your account using any method we choose. Any payment you 
make in excess of the required total minimum payment will be applied to higher APR balances before lower APR balances. Applicable law may require or 
permit us to apply excess payments in a different manner in certain situations, such as when your account has a certain type of special promotion.

INFORMATION ABOUT YOU 
Using and Sharing Your Information. When you applied for an account, you gave us and Belk, Inc. information about yourself that we could share with 
each other. Belk, Inc. will use the information in connection with the credit program and for things like creating and updating its records and offering you 
special benefits. More information about how we use and share information is set forth in the privacy policy for your account. 

Address/Phone Change. You represent that any phone number that you provide to us belongs to you and/or that you are authorized to provide that 
number. You also agree to tell us right away if you change your address or any phone number.  

Consent  To  Communications.  You  consent  to  us,  as  well  as  any  other  owner  or  servicer  of  your  account,  contacting  you  through  any  channel  of 
communication and for any purpose, as permitted by applicable law. For informational, servicing or collection related communications, you agree that we 
may use the phone numbers that you provide to us to contact your cellular phone or wireless device with text messages, artificial or prerecorded voice calls, 
and calls made by an automatic telephone dialing system. This consent applies even if you are charged for the call under your plan. You are responsible 
for any charges that may be billed to you by your communications carrier when we contact you.

Telephone Monitoring. For quality control, you allow us to listen to and/or record telephone calls between you and us.

IMPORTANT INFORMATION ABOUT YOUR ACCOUNT 
Closing Your Account. You may close your account at any time by sending a letter to the address shown on your billing statement or calling customer 
service. We may close your account at any time, for any reason. If your account is closed, you must stop using it. You must still pay the full amount you 
owe and this Agreement will remain in effect until you do.

Collection Costs. If we ask an attorney who is not our salaried employee to collect your account, we may charge you our collection costs. These include 
court costs and reasonable attorneys’ fees.

Credit Bureau Reporting. We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your 
account may be shown in your credit report. Tell us if you think we reported wrong information about you to a credit bureau. Write to us at P.O. Box 965028,  
Orlando, FL 32896-5028. Tell us what information is wrong and why you think it is wrong. If you have a copy of the credit report that includes the wrong 
information, send us a copy. 

Default. You are in default if you make a late payment, do not follow any other term of this Agreement or become bankrupt or insolvent. If you default 
or upon your death, we may (a) request payment of the full amount due right away, (b) take legal action to collect the amounts owed, and/or (c) take any 
other action allowed. 

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Disputed Amounts. The billing rights summary in section IV of this Agreement describes what to do if you think there is a mistake on your 
bill. If you send us correspondence about a disputed amount or payment, you must send it to the address for billing inquiries. We do not 
give up any rights under this Agreement if we accept a payment marked “payment in full” or given with any other conditions or limitations.

Unauthorized Use. If your card is lost, stolen or used without your consent, call us immediately at 1-800-669-6550. You will not be liable for unauthorized 
use on your account, but you will be responsible for all use by anyone you give your card to or allow to use your account.

IMPORTANT INFORMATION ABOUT THIS AGREEMENT 
Assignment. We may sell, assign or transfer any or all of our rights or duties under this Agreement or your account, including our rights to payments. We 
do not have to give you prior notice of such action. You may not sell, assign or transfer any of your rights or duties under this Agreement or your account.

Enforceability. If any part of this Agreement is found to be void or unenforceable, all other parts of this Agreement will still apply.

Governing Law. Except as provided in the Resolving a Dispute with Arbitration section, this Agreement and your account are governed by federal law 
and, to the extent state law applies, the laws of Utah without regard to its conflicts of law principles. This Agreement has been accepted by us in Utah.

Waiver. We may give up some of our rights under this Agreement. If we give up any of our rights in one situation, we do not give up the same right in  
another situation.

RESOLVING A DISPUTE WITH ARBITRATION 
PLEASE  READ  THIS  SECTION  CAREFULLY.  IF  YOU  DO  NOT  REJECT  IT,  THIS  SECTION  WILL  APPLY  TO  YOUR  ACCOUNT,  AND  MOST 
DISPUTES BETWEEN YOU AND US WILL BE SUBJECT TO INDIVIDUAL ARBITRATION. THIS MEANS THAT: (1) NEITHER A COURT NOR A 
JURY WILL RESOLVE ANY SUCH DISPUTE; (2) YOU WILL NOT BE ABLE TO PARTICIPATE IN A CLASS ACTION OR SIMILAR PROCEEDING; 
(3) LESS INFORMATION WILL BE AVAILABLE; AND (4) APPEAL RIGHTS WILL BE LIMITED.

• What claims are subject to arbitration

1.  If either you or we make a demand for arbitration, you and we must arbitrate any dispute or claim between you or any other user of your account, 

and us, our affiliates, agents and/or Belk, Inc., if it relates to your account, except as noted below. 

2.  We will not require you to arbitrate: (1) any individual case in small claims court or your state’s equivalent court, so long as it remains an individual 
case in that court; or (2) a case we file to collect money you owe us. However, if you respond to the collection lawsuit by claiming any wrongdoing, 
we may require you to arbitrate.

3.  Notwithstanding any other language in this section, only a court, not an arbitrator, will decide disputes about the validity, enforceability, coverage 
or scope of this section or any part thereof (including, without limitation, the next paragraph of this section and/or this sentence). However, any 
dispute or argument that concerns the validity or enforceability of the Agreement as a whole is for the arbitrator, not a court, to decide.

• No Class Actions

YOU  AGREE  NOT  TO  PARTICIPATE  IN  A  CLASS,  REPRESENTATIVE  OR  PRIVATE  ATTORNEY  GENERAL  ACTION  AGAINST  US  IN 
COURT OR ARBITRATION. ALSO, YOU MAY NOT BRING CLAIMS AGAINST US ON BEHALF OF ANY ACCOUNTHOLDER WHO IS 
NOT AN ACCOUNTHOLDER ON YOUR ACCOUNT, AND YOU AGREE THAT ONLY ACCOUNTHOLDERS ON YOUR ACCOUNT MAY BE 
JOINED IN A SINGLE ARBITRATION WITH ANY CLAIM YOU HAVE. 

If a court determines that this paragraph is not fully enforceable, only this sentence will remain in force and the remainder will be null and void, and 
the court’s determination shall be subject to appeal. This paragraph does not apply to any lawsuit or administrative proceeding filed against us by 
a state or federal government agency even when such agency is seeking relief on behalf of a class of borrowers, including you. This means that we 
will not have the right to compel arbitration of any claim brought by such an agency.

• How to start an arbitration, and the arbitration process

1.  The  party  who  wants  to  arbitrate  must  notify  the  other  party  in  writing.  This  notice  can  be  given  after  the  beginning  of  a  lawsuit  or  in 
papers  filed  in  the  lawsuit.  Otherwise,  your  notice  must  be  sent  to  Synchrony  Bank,  Legal  Operation,  P.O.  Box  29110,  Shawnee  Mission,   
KS 66201-5320, ATTN: ARBITRATION DEMAND. The party seeking arbitration must select an arbitration administrator, which can be either the 
American Arbitration Association (AAA), 120 Broadway, Floor 21, New York, NY 10271, www.adr.org, 1-800-778-7879, or JAMS, 620 Eighth 
Avenue, 34th Floor, New York, NY 10018, www.jamsadr.com, 1-800-352-5267. If neither administrator is able or willing to handle the dispute, 
then the court will appoint an arbitrator. 

2.  If  a  party  files  a  lawsuit  in  court  asserting  claim(s)  that  are  subject  to  arbitration  and  the  other  party  files  a  motion  with  the  court  to  compel 

arbitration, which is granted, it will be the responsibility of the party asserting the claim(s) to commence the arbitration proceeding. 

3.  The arbitration administrator will appoint the arbitrator and will tell the parties what to do next. The arbitrator must be a lawyer with at least ten 
years of legal experience. Once appointed, the arbitrator must apply the same law and legal principles, consistent with the FAA, that would apply 
in court, but may use different procedural rules. If the administrator’s rules conflict with this Agreement, this Agreement will control. 

4.  The arbitration will take place by phone or at a reasonably convenient location. If you ask us to, we will pay all the fees the administrator or 
arbitrator charges, as long as we believe you are acting in good faith. We will always pay arbitration costs, as well as your legal fees and costs, 
to the extent you prevail on claims you assert against us in an arbitration proceeding which you have commenced.

• Governing Law for Arbitration

 This Arbitration section of your Agreement is governed by the Federal Arbitration Act (FAA). Utah law shall apply to the extent state law is relevant 
under the FAA. The arbitrator’s decision will be final and binding, except for any appeal right under the FAA. Any court with jurisdiction may enter 
judgment upon the arbitrator’s award.

• How to reject this section

 You may reject this Arbitration section of your Agreement. If you do that, only a court may be used to resolve any dispute or claim. 
To reject this section, you must send us a notice within 60 days after you open your account or we first provided you with your right 
to reject this section. The notice must include your name, address and account number, and must be mailed to Synchrony Bank, P.O. 
Box 965012, Orlando, FL 32896-5012. This is the only way you can reject this section.

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SECTION IV: OTHER IMPORTANT INFORMATION 
BELK REWARDS CARD ACCOUNT AGREEMENT
This section of the agreement includes state notices, billing rights summary and rewards terms (if applicable) and is not required to be provided as part of the 
credit card agreement posted online or provided to the CFPB.

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FR833282333_BELK REWARDS CARD 
TC DC 35602C 
6/18

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