Sunflower Bank

Terms and Conditions

*The prime rate used to determine your APR is the rate published in the New York Wall Street Journal on the 1st day of the prior month.

*The prime rate used to determine your APR is the rate published in the New York Wall Street Journal on the 1st day of the prior month.

1. FINANCE CHARGES:
   1. Periodic Rates used to compute Finance Charges (Variable Rate): The monthly periodic rate applied to the balance subject to a FINANCE CHARGE for Credit Purchases and Cash Advances will be an adjustable rate based upon an Index. The Index used to calculate the Periodic Rate is the New York Prime Rate as published in the New York Wall Street Journal on the first day of the prior month. The Index value used for a billing cycle is the New York Prime Rate as published on the last day of the prior billing cycle. If the Index is not published on that day, the most recent published value will be used. If more than one Prime Rate is published, the Index will be the highest of the published rates. If the Wall Street Journal ceases as a publication, we reserve the right to use the Prime Rate published by any other newspaper or general circulation. The Annual Percentage Rate is divided by 12 months to determine the monthly Periodic Rate used to calculate the FINANCE CHARGES for each billing cycle.
   2. Corresponding ANNUAL PERCENTAGE RATES: The Annual Percentage Rate is calculated by adding 1.65% to the Index value stated above, with a Minimum Annual Percentage Rate of 7.65%.
   3. For Cash Advances obtained equal to or greater than $0.01 a FINANCE CHARGE equal to the greater of $10.00 or 3% of the cash advance will be imposed; however this charge will not exceed $999.00 for each Cash Advance. A transaction fee may also be imposed by an ATM operator, not holding your account, or by any national, regional or local network used to complete a Cash Advance Transaction.
2. OVERLIMIT CHARGES: Cardholder shall immediately pay the amount by which the total New Balance exceeds the maximum authorized credit. An Overlimit Charge equal to $19.00 shall be imposed.
3. MINIMUM PAYMENT:
   1. The minimum payment required is the New Balance shown on your statement if the amount is equal to or less than $25.00
   2. If the New Balance exceeds $25.00, the minimum payment is 4% of that portion of the New Balance which does not exceed your credit limit (rounded up to the nearest dollar), or $25.00 whichever is greater, plus the entire portion of the New Balance in excess of your credit limit, plus any amount past due.
4. LATE CHARGES: If the minimum required payment is not received within 5 days after the Closing Date subsequent to the payment Due Date, a late charge equal to $19.00 is imposed.

5. The only FINANCE CHARGES assessed on your account other than those assessed by a periodic rate, will be transaction FINANCE CHARGES in connection with Cash Advances if part of your Plan, and Overlimit Fees as noted in section 2. Transaction FINANCE CHARGES for each Cash Advance will be imposed on the date of the Cash Advance was posted to your account. No grace period applies on any transaction FINANCE CHARGE imposed for Cash Advances.
6. If you have other loans or credit extensions from Issuer, or take out other loans or credit extensions with Issuer in the future, collateral securing those loans or credit extensions will also secure your obligations under this agreement. However, unless you expressly agree otherwise, your household goods and dwelling will not secure your obligations under this agreement even if Issuer has, or later acquires, a security interest in the household goods or a mortgage on the dwelling. If you have executed a written agreement granting a security interest in any deposit accounts (checking, savings, or share accounts) or other funds held by Issuer to secure your obligations under this credit card plan, such accounts and/or funds are additional security for your obligations to Issuer arising from the use of your Card.
7. Finance Charge Calculation Method and Computation of Average Daily Balance Subject to Finance Charge. The FINANCE CHARGE Calculation Method applicable to your account for Cash Advances and Credit Purchases of goods and services that you obtain through the use of your card is specified below and explained below.
   1. Cash Advances- Average Daily Balance (including current transactions). To avoid incurring an additional FINANCE CHARGE on the beginning balance of cash advances reflected on your monthly statement, you must pay the Beginning Balance shown on your monthly statement on or before the Payment Due Date. No grace period is provided for current cycle transactions. The FINANCE CHARGES for a billing cycle are computed by applying the monthly Periodic Rate to the “average daily balance” of cash advances. To get the average daily balance, we take the beginning balance of your account each day, add any new purchases or cash advances, and subtract any payments, credits, non-accruing fees, and unpaid finance charges. This gives us the daily balance. Then we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle.
   2. Credit Purchases- Average Daily Balance (including current transactions). To avoid incurring an additional FINANCE CHARGE on the balance of purchases reflected on your monthly statement and on any new purchases appearing on your next monthly statement, you must pay the New Balance shown on your monthly statement on or before the Payment Due Date. The grace period for the New Balance of purchases extends to the Payment Due Date. The FINANCE CHARGES for a billing cycle are computed by applying the monthly Periodic Rate to the “average daily balance” of cash advances. To get the average daily balance, we take the beginning balance of your account each day, add any new purchases or cash advances, and subtract any payments, credits, non-accruing fees, and unpaid finance charges. This gives us the daily balance. Then we add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle.
8. Payment Crediting and Credit Balance: Payments received at the location specified on the front of the monthly billing statement after the phrase “MAKE CHECK PAYABLE TO” will be credited as of the date of receipt to the account specified on the payment coupon. Payments received at locations other than the address specified or payments that do not conform to the requirements set forth on or with the periodic statement (e.g. missing payment stub, payment envelope other than as provided with your statement, multiple checks or multiple coupons in the same envelope) may be subject to delay in crediting, but shall be credited within five days of receipt. If there is a credit balance due on your account you may request, in writing, a full refund. Submit your request to the address indicated on the front of your monthly billing statement after the phrase “SEND INQUIRIES TO”.
   1. By sending your check, you are authorizing the use of the information on your check to make a one-time electronic debit from the account on which the check is drawn. This electronic debit, which may be posted to your account as early as the date your check is received, will be only for the amount of your check. The original check will be destroyed and an image will be retained for our records. If you have questions please call the customer service number on the front of your monthly billing statement.
9. Closing Date: The closing date is the last day of the billing cycle; all transactions received after the closing date will appear on your next statement.
10. Negative Credit Reports: We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your credit report.

BILLING RIGHTS SUMMARY

In Case of Errors or Inquiries About Your Bill:

If you think your bill is wrong, or if you need more information about a transaction on your bill, write us on a separate sheet of paper at the address indicated on the front of your monthly billing statement after the phrase “SEND INQUIRIES TO” 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 the following information:

• Your name and account number.
• The dollar amount of the suspected error.
• 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 unsure about.

You do not have to pay any amount in question while we are investigating, but you are still obligated to pay the parts of your bill that are not in question. While we investigate your question, we cannot report you as delinquent or take any action to collect the amount you question.

Special Rule for Credit Card Purchases:

If you have a problem with the quality of goods 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 not have to pay the remaining amount due on the goods or services. You have this protection only when the purchase price was more than $50.00 and the purchase was made in your home state or within 100 miles of your mailing address. (If we own or operate the merchant, or if we mailed you the advertisement for the property or services, all purchases are covered regardless of amount or location of purchase.)