Fillable Sams Club Business Revolving Credit Application (Page 7 of 10) in pdf

3.3125”

3.375”

C. A minimum FINANCE CHARGE of $2.00 will be assessed for

FEES. You agree to pay the following fees.

Sam’s Business

™

any billing period in which a Finance Charge is due. There is

A. A Late Payment Fee, if we have not received your Minimum

2. REBATE TIERS

no Minimum Finance Charge in PR.

Payment by 5:00 p.m. (ET) on the Payment Due Date shown on

rebate is as follo

D. Except in PR, if the prime rate increases, the periodic

your Statement ($0 in PR). The amount of the Late Payment Fee

rates and corresponding Annual Percentage Rates may

will be based on your New Balance at the time your delinquent

Amou

increase, and as a result the Finance Charge, the Minimum

Minimum Payment was calculated. The Late Payment Fee

Year-to-Date

Payment and the number of payments may also increase.

will be:

(Including the cu

Any new periodic rate will apply to your entire Account

Up to $

New Balance

Late Fee

balance. We may select a new interest rate index if the

$1,500.01

Less than $25.00

$0.00

Prime Rate is not available.

$3,000.01

$25.00 – $99.99

$15.99

BALANCE SUBJECT TO FINANCE CHARGE. There will be no

$5,000.01

balance subject to Finance Charge for a billing period if there

$100.00 – $249.99

$29.99

$10,000.01

is no Previous Balance on your Account for the billing period or

$250.00 or more

$39.99

the sum of your payments and credits posted to your Account

SAM’S CLUB SA

by the Payment Due Date is at least equal to the Previous

B. A Returned Check Fee of $15.00 on balances under $100.00

Amou

Balance. In all states except PR, each day during the billing

and $38.00 on balances of $100.00 and higher ($0 in PR) if any

Year-to-Date

period, we will figure a “Daily Balance” on your Account. The

check or other instrument sent to us, or any electronic payment

(Including the cu

Daily Balance is determined by taking the beginning balance

authorization you provide us, in payment on your Account is not

Up to $

for that day, which includes any unpaid Finance Charges,

honored upon first presentment even if the check, instrument or

$1,500.01

adding any new Purchases and other debits assessed that

electronic authorization is later honored. Your Returned Check Fee

$3,000.01 –

day, and subtracting any payments made and credits issued

will be based on the ending balance of your Account for the billing

on that day. Each day we also add any Finance Charges,

period immediately preceding the billing period in which your

If a Purchase ca

Late Payment Fees and Returned Check Fees assessed that

Returned Check Fee is applied to your account.

rebate tiers, the

day. This gives us the Daily Balance. Any Daily Balance less

tier will apply to

SECURITY INTEREST. To secure your obligation to us, we retain

than zero will be treated as zero. We then multiply the Daily

tier. For exampl

a security interest under the Uniform Commercial Code in each

Balance by the applicable periodic rate and add that daily

Member already

item of merchandise you purchase (except in NY on any purchase

Finance Charge to the balance to determine that day’s closing

makes an additi

under $200) until that item is paid in full (in NY, not to exceed

balance, which will be the beginning balance for the following

purchase would

five years from the date the purchase is posted to your Account).

day. At the end of the billing period, we add up the results of

$1,000 would b

This security interest permits us, under certain circumstances

the daily Finance Charge calculations to get the total Finance

consecutive min

provided for by law, to take back, or repossess, the merchandise if

Charge for the billing period.

are not paid whe

you do not pay for it under the terms of this Agreement. In NY, no

Cardholder will

In PR, we figure the balance subject to Finance Charge using

security interest will be retained or acquired under this Agreement

after all past due

the “Average Daily Balance” calculation method. Each day we

in any motor vehicle or in any goods likely to be affixed to a motor

3. ISSUANCE O

take the beginning balance of your Account, and subtract any

vehicle or real property so as to become party thereof.

Cardholder will a

payments, other credits applied to that balance that day, and

DISCLOSURES FOR BOTH THE

percentage. Reb

any unpaid Finance Charges. We also add any new Purchases

SAM’S CLUB DISCOVER BUSINESS AND

the rebate accr

and other charges assessed that day. This gives us the Daily

THE SAM’S CLUB BUSINESS CREDIT CARD

checks will be i

Balance. Then we add up all the Daily Balances in the billing

BUSINESS PURPOSES. You agree not to use this Account to

when rebate ch

period and divide the total by the number of days in the billing

purchase goods and/or services for personal, family, or household

period. This gives us the Average Daily Balance. Any Average

$5.00. In order

purposes. In this connection, you understand that your agreement

be first presen

Daily Balance of less than zero will be treated as zero. Late

not to use this Account for personal, family or household purposes

prior to the ex

Payment Fees, Returned Check Fees and insurance premiums,

means that important duties imposed upon us, and important

checks will be

if any, are not included in the Daily Balance.

rights conferred upon a consumer, pursuant to certain federal or

only at a Sam’s

WHEN FINANCE CHARGES BEGIN TO ACCRUE. If there

state laws, will not apply to this Account. You also understand

Sam’s Club may

is no Previous Balance for the billing period or the sum of

that we will be unable to determine whether any given purchase

day pass at Sam

your payments and credits posted to your Account by the

conforms to this “Business Purposes” section of this Agreement.

Payment Due Date is at least equal to the Previous Balance,

4. LOSS OF RE

You agree that a breach by you of this “Business Purposes” section

new Purchases and other charges in that billing period will

unpaid rebates i

will not affect our right to enforce your promise to pay for the credit

begin to accrue a Finance Charge as of the first day of the

extended to you, including related charges, or to use any remedy

• If two or m

next billing period if a Finance Charge is imposed in the next

legally available to us even if that remedy would not have been

Cardholder’s

billing period. If there is a Previous Balance for the billing

available had the Account been established as a consumer credit

• If the Cardh

period and the sum of your payments and credits posted to

Account.

than as a re

your Account by the Payment Due Date is not at least equal to

CHANGE IN TERMS. We may, at any time and for any reason,

accrued reb

that Previous Balance, new Purchases and other charges will

change, add or delete provisions of the credit card agreement,

begin to accrue a Finance Charge from the later of the date of

• If the two o

including increasing rates or fees. These changes may affect

the transaction or the first day of the billing period in which

Cardholder’s

existing balances as well as future transactions. We will send you

the transaction is posted to your Account.

rebate chec

notice of any terms change as required by applicable law.

MINIMUM MONTHLY PAYMENT. You must pay at least the

• If the accrue

GE CAPITAL RETAIL BANk SAM’S CLUB

DISCOVER

Total Minimum Payment by 5:00 p.m. (ET) on the Payment Due

are issued; o

MEMBER REWARDS LOYALTY PROGRAM

Date shown on the Statement. You may at any time pay your

• If the Card

entire balance in full or more than the Minimum Monthly

HOW TO EARN CASH BACk REWARDS

terminates.

Payment. Your Total Minimum Payment will be the sum of:

These are the terms and conditions for the Sam’s Club Discover

5. OTHER COND

(a) the greater of (i) $50.00, or (ii) 1/24 of the new balance

Cash Back Rewards Program. Subject to the Terms set forth

date printed on

(“New Balance”) shown on your statement, or (iii) the sum

below, Sam’s Club cardholders are eligible to receive a rebate on

changed or disc

of the Finance Charges, the late fee and 1.0% of your New

purchases made with the Sam’s Club Discover Business Credit

may include, a

Balance; plus (b) any past due amounts. The Total Minimum

Card. Rebates are not available on the Sam’s Club Business Credit

of Purchases r

Payment will be rounded up to the next whole dollar. However,

Card.

rebate tiers, c

the Total Minimum Payment is the New Balance if the New

additional restri

1. DETERMINATION OF CASH REBATE PERCENTAGE. The amount

Balance is less than $50.00.

acknowledges

of your Year-to-Date Purchases will be used to determine the

We reserve the right to select the method by which payments

program as to

percentage of each Purchase eligible for rebate. The greater

and credits are allocated to your Account in our sole

Cardholder. Card

the amount of Year-to-Date Purchases, the higher the rebate

discretion. The payment allocation method that we use may

earned until all

percentage. However, Year-to-Date Purchases over $250,000 will

result in higher amounts of Finance Charges on your Account,

the rebate check

not be eligible for a rebate. The Purchases on multiple Sam’s Club

depending on the types of transactions you make (such as

date, occurs.

Discover accounts, including business and consumer accounts,

promotional or nonpromotional purchases), and the timing

will be aggregated in determining the $250,000 limit on Purchases

6. DEFINITIONS.

and amount of your payments. If you have any questions about

eligible for rebates if such accounts are owned by the same person

the following me

our allocation of your payments, or if your payments are not

or entity (for example, the accounts have the same name or taxpayer

“Card” means

allocated to your promotional purchase in a manner you desire,

identification number), the accounts have the same guarantor

please call customer service to see whether we can reallocate

“Cardholders”

and/or the accounts have an owner and guarantor in common.

your payments based on another payment allocation option

issued.

Sam’s Plus

Members will earn a higher rebate percentage than

™

we offer.

“Card Year” m

“ Purchase” m

for commerc

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Sams Club Business Revolving Credit Application Page 7

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