Example of Credit Card Agreement for Bank of America® Secured

Example of Credit Card Agreement for

Bank of America® Secured Mastercard® and Visa® accounts

This information is accurate as of June 29, 2024.

This credit card program is issued and administered by Bank of America, N.A. Mastercard is a registered

trademark of Mastercard International Incorporated and is used by the issuer pursuant to license. Visa is a

registered trademark of Visa International Service Association and is used by the issuer pursuant to

license from Visa U.S.A., Inc. Bank of America is a registered trademark of Bank of America Corporation.

PRICING INFORMATION

Actual pricing will vary from one cardholder to another

Annual Percentage Rate (APR) for

Purchases

These APRs will vary with the

market based on the Prime Rate (as

of 06/29/2024)

Prime + 17.74% to Prime + 20.74%

(APR) 26.24% to 29.24%

(DPR) 0.071890% to 0.080109%

APR for Balance Transfers

These APRs will vary with the

market based on the Prime Rate (as

of 06/29/2024)

Prime + 17.74% to Prime + 20.74%

(APR) 26.24% to 29.24%

(DPR) 0.071890% to 0.080109%

APR for Direct Deposit and Check Cash

Advances

These APRs will vary with the

market based on the Prime Rate (as

of 06/29/2024)

Prime + 20.74%

(APR) 29.24%

(DPR) 0.080109%

APR for Bank Cash Advances

These APRs will vary with the

market based on the Prime Rate (as

of 06/29/2024)

Prime + 20.74%

(APR) 29.24%

(DPR) 0.080109%

Penalty APR and When it Applies None or Up to 29.99%, based on your creditworthiness. This APR will vary

with the market based on the Prime Rate.

This APR may be applied to new transactions on your account if you:

•

Make a late payment.

How Long Will the Penalty APR apply?:

If your APR is increased for this reason, the Penalty APR will apply

indefinitely.

Paying Interest

Your due date is at least 25 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. We will begin charging interest on cash advances

and balance transfers on the transaction date.

Account Fees

Transaction Fees

Balance Transfer % of Transaction

0% to 4%

ATM Cash Advance % of

Transaction

Cash Equivalent % of Transaction

Check Cash Advance % of

Transaction

0% to 4%

Direct Deposit % of Transaction

0% to 4%

Over the Counter Cash Advance

% of Transaction

Same-Day Online Cash Advance %

of Transaction

Foreign Transaction % of

Transaction

0% to 3%

Wire Transfer % of Transaction

Penalty Fee

Late Payment

Up to $40

How We Will Calculate Your Balance: For Purchase balances, we will use a method called “average daily balance (including

new Purchases).” See the section titled Balances Subject to Interest Rate in your Credit Card Agreement for more details.

For Balance Transfer and Cash Advance balances, we will use an Average Balance Method (including new Balance Transfers and

Cash Advances): This balance is figured by adding the outstanding balance (including new Balance Transfers and Cash

Advances and deducting payments and credits) for each day in the current billing cycle, together with the balances for each day

in the previous billing cycle for balance transfers and cash advances with transaction dates in the previous cycle and posting

dates in the current cycle, and then dividing by the number of days in the current billing cycle.

Military Lending Act Disclosure: The following disclosure applies to persons covered by the Military Lending Act – other

governmental programs and laws may also govern or apply to this transaction but are not described in the following disclosure.

The following disclosure is required by the Military Lending Act.

Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of

consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not

exceed an annual percentage rate of 36 percent. This rate must include, as applicable to the credit transaction or account: the

costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any

application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation

fee charged (other than certain participation fees for a credit card account).

Please refer to the Total Minimum Payment Due section of the Credit Card Agreement accompanying this disclosure to see how

your monthly minimum payment is calculated.

Please call our dedicated Military Lending Act toll free number at 844.441.9168 or call collect at 302.318.8745 with any

questions or concerns.

CREDIT CARD AGREEMENT

YOUR SECURITY AGREEMENT (DEPOSIT ACCOUNT) WITH US

FOR YOUR FULLY OR PARTIALLY SECURED CREDIT CARD

1. This is the "Security Agreement" referred to on the

Application. “Bank” means Bank of America, N.A. “You,” “your”

and “yours” refer to each person signing and/or submitting the

Application, with each of you being referred to as a “Cardholder”.

You are furnishing and granting the Bank a security interest in

the Deposit Account at Bank of America, N.A. or one of its

affiliates. “Deposit Account” or “Collateral Account” means the

deposit account opened pursuant to the Application, as well as

additions to, substitutions or renewals of that Deposit Account,

which you have, by signing and/or submitting the Application,

granted to the Bank to secure the Debt (as defined below).

“Secured Card Account” means the secured credit card account

to be established by the Bank upon receipt of the Application

Form. “Debt” means all obligations to the Bank, including any

continuing guaranty arising from the Secured Card Account, as

well as each extension, refinance or renewal of such obligations,

and any expenses that the Bank incurs in enforcing your

obligations under this Agreement, including fees for independent

and/or in-house counsel, where allowed by law. No portion of

Deposit Account will be available to you or may be used to

secure other loans.

2. Bank’s Rights over Deposit Account. The Bank may make

settlements or compromises on the Deposit Account; transfer

the Deposit Account to the Bank’s own name; or exercise

ownership rights on the Deposit Account. You waive any right to

require the Bank to: (a) proceed against any Cardholder or any

other person; (b) proceed against or exhaust any security held

under this Security Agreement; or (c) pursue any other remedy in

the Bank’s power. The Bank may, without prior notice, and from

time to time: (a) renew, compromise, extend, accelerate or

otherwise change the terms relating to the Debt; (b) take and

hold security (other than the Collateral Account) for payment of

the Debt and enforce, exchange and release the security in any

manner that the Bank determines is proper; (c) release or

substitute any Cardholder, guarantor, or endorser of the Debt;

and (d) increase or lower the Total Credit Line on your Secured

Card Account, and no such action shall change the fact that the

Deposit Account at all times will be held by the Bank as security

for the Debt.

3. Defaults. The Bank may, without prior notice, declare you in

default of the Debt if: (a) you fail to meet the conditions, to

perform any obligation, or to make any payment under this

agreement or any other agreement that you make relating to the

Debt; (b) you withdraw or transfer from the Deposit Account any

funds pledged under this Agreement; (c) you have given the Bank

false or misleading information or misrepresentations; (d) any

Cardholder dies; (e) any government authority takes action which

the Bank believes adversely affects your financial condition or

ability to repay the Debt; (f) any guaranty or other agreement

required in connection with the Debt is violated or ineffective; or

(g) you file a bankruptcy petition, a bankruptcy petition is filed

against you, or you make a general assignment for the benefit of

creditors. If you default, the Bank may declare all of the Debt

immediately due and payable. Bank may also exercise all the

rights of an owner of the Deposit Account.

4. Enforcing the Agreement. Upon any default, Bank is authorized

to act as owner of the Deposit Account and to apply all or any

portion to: (a) the Bank’s costs in enforcing its rights hereunder;

(b) the interest and fees relating to the Debt; and (c) the

principal of the Debt. Bank is irrevocably appointed as

attorney-in-fact to execute any instruments required to satisfy

Debt. This Agreement is governed by the laws of the state in

which the Bank and Deposit Account are located. Bank’s rights

stated in this Agreement are in addition to any others it has

under the law. If there is a conflict regarding the security

interest between this Agreement and any other agreement, this

Agreement will control. You represent that no insolvency

proceeding or general assignment for creditors is pending that

would affect the Bank’s security interest. If Bank waives or

delays exercising a right, it does not forfeit that right or any

others. You waive any defense you may have against Bank. Bank

can exercise its rights against Deposit Account even if you are

no longer liable on Debt because of a statute of limitations or

because of other reasons. Until Debt is fully repaid, and you have

no further obligations under this Agreement, you will

subordinate in favor of Bank any right of subrogation and any

right to enforce a remedy Bank now has or may later have.

5. After receipt of payments on the Secured Card Account, Bank

may withhold the release of available credit equal to the amount

of the payment for a period of time to ensure that sufficient

funds are available.

6. Return of Security Deposit. There are two scenarios that may

result in your security deposit being returned, and in the second

scenario, you will be allowed to continue to use your card: (a) If

you pay your balance in full and close your credit card account,

we’ll return your security deposit, which can take up to two

billing cycles plus ten days; (b) Periodically, we will review your

overall credit history to see if you qualify to have your security

deposit returned. A decision to return the security deposit is

based on responsible credit management across all of your

credit cards and loans, including Bank of America and others. Not

all customers will qualify. If the Bank determines that the

collateral from “Deposit Account/Collateral Account” shall be

released, the Bank will pay the collateral amount to the Primary

Applicant either by (a) depositing funds into an account with the

Bank on which the Primary Applicant is one of the owners, or (b)

some other method deemed sufficient by the Bank.

YOUR CONTRACT WITH US

This document, and any future changes to it, is your contract with

us. We will refer to this document as your "Agreement" or "Credit

Card Agreement"; these terms also include any changes we may

make to this document from time to time.

We reserve the right to amend this Agreement at any time, by

adding, deleting, or changing provisions of this Agreement. All

amendments will comply with the applicable notice requirements of

federal and North Carolina law that are in effect at that time.

If an amendment gives you the opportunity to reject the change,

and if you reject the change in the manner provided in such

amendment, we may terminate your right to receive credit and may

ask you to return all credit devices as a condition of your rejection.

We may replace your card with another card at any time.

The reasons we may amend this Agreement include the

following:

•

Changes in regulation or legislation, or a change in the

interpretation of a regulation or legislation.

•

Changes related to your individual credit history, such

as: your risk profile, your payment or transaction

patterns, balance patterns, the utilization levels of this

and other accounts, credit bureau information including

the age, history and type of other accounts, and the

measure of risk associated with each.

•

Changes to overall economic and market trends,

product design, and business needs.

"We", "us", "our" means Bank of America, N.A.

"You" and "your" mean each and all of the persons who are granted,

accept or use the account and any person who has guaranteed

payment of the account.

You may use your account for personal, family, or household

purposes. You may not use your account for business or commercial

purposes.

Our failure or delay in exercising any of our rights under this

Agreement does not mean that we are unable to exercise those

rights later.

TYPES OF TRANSACTIONS

You may obtain credit in the form of Purchases, Balance

Transfers, and Cash Advances, by using cards, access checks, an

account number, or other credit devices. Balance Transfers and

certain Cash Advances, such as Direct Deposits, are made available

to you at our discretion. Cards are all the credit cards we issue to

you and to any other person with authorization for use on this

account pursuant to this Agreement. Sign your card before using it.

A Personal Identification Number (PIN) is associated with your

credit card as of the opening of your account. You may be required

to use a PIN to make an ATM Cash Advance or to complete

Purchases at certain merchant terminals, generally overseas. You

can obtain your PIN by going to our online banking site or our

mobile application, or contacting us. An access check is a check we

provide to you to obtain credit on this account. All access checks

include an expiration date printed at the top. We will honor access

checks received for payment by us before the expiration date

printed on the check, provided your account is open and in good

standing, with available credit. Access checks without a printed

expiration date will not be honored.

Purchase means the use of your card or account number (including

through the use of an enabled mobile device) to:

1. buy or lease goods or services;

2. make a transaction that is not otherwise a Cash

Advance.

Purchases include Account Fees, as well as Transaction Fees and

adjustments associated with any Purchase.

Balance Transfer means a transfer of funds to another creditor

initiated by us at your request. A Balance Transfer does not include

a transaction that is otherwise a Cash Advance. Balance Transfers

include Transaction Fees and adjustments associated with any

Balance Transfer.

A Cash Advance means the use of your account for a loan in the

following ways:

Direct Deposit: by a transfer of funds via an ACH

(Automated Clearing House) transaction to a deposit

account initiated by us at your request. A Direct

Deposit does not include an Overdraft Protection Cash

Advance or a Same-Day Online Cash Advance.

Check Cash Advance: by an access check you sign as

drawer.

Bank Cash Advance: by loans accessed in the

following manner:

ATM Cash Advance: at an automated teller

machine;

Over the Counter (“OTC”) Cash Advance: at

any financial institution (e.g., to obtain cash,

money orders, wire transfers, or travelers checks);

Same-Day Online Cash Advance: by a same

day online funds transfer to a deposit account;

Overdraft Protection Cash Advance: by a

transfer of funds to a deposit account pursuant to

an overdraft protection program (see the section

titled Overdraft Protection below);

Cash Equivalents: by the purchase of foreign

currency, money orders, travelers checks, wire

transfers, or to obtain cash, each from a

non-financial institution, or person-to-person

money transfers, bets, lottery tickets purchased

outside the United States, casino gaming chips,

cryptocurrency to the extent accepted, or bail

bonds, with your card or account number

(including through the use of an enabled mobile

device).

Cash Advances include Transaction Fees and adjustments

associated with any Cash Advance.

All Bank Cash Advances are subject to the Cash Credit Line. For

more information on credit lines, please refer to the section titled

Your Credit Lines within this Agreement.

You agree that we may rely on information provided by merchants

and your applicable payment network to categorize transactions

among Purchases, Balance Transfers, or various types of Cash

Advances.

YOUR CREDIT CARD ACCOUNT AND YOUR MOBILE DEVICES

AND THE INTERNET

Smart phones, some tablets or other mobile devices (individually

and collectively, a “mobile device”) can download, store, and/or

access account information, for instance through a mobile wallet,

that may enable you to use the mobile device to purchase goods or

services, make a Balance Transfer, or make a Cash Advance.

In certain instances, those transactions will replicate using your

card to make a transaction on the internet with your computer. In

other instances, a mobile device can act as if it were a credit card

itself, allowing you to make purchases at a point of sale.

Applications that enable your mobile device to be used for such

transactions will have unique terms governing those applications.

Read them carefully. Transactions made through those applications

are also governed by this Agreement.

When your credit card account information is accessible by your

mobile device, it is important that you treat your mobile device with

the same care you would your credit card. For example, you should

secure your mobile device against unauthorized access. Keep in

mind, if you give someone your phone, or other mobile device, that

can be the same as giving that person your credit card.

From time to time, we may make certain offers or features

available only through online or mobile banking. If you wish to take

advantage of those offers or features, you will need to use a

conforming device (computer, mobile device or otherwise) that can

access the internet.

FOREIGN TRANSACTIONS

A “Foreign Transaction” is any transaction made in a foreign

currency. If you make a Foreign Transaction, we will assess the

Foreign Transaction Fee [see the Pricing Information table for fee

amount]. If a transaction is made in a foreign currency, the

transaction will be converted by Visa International or Mastercard

International, depending on which card is associated with this

account, into a U.S. dollar amount in accordance with the operating

regulations or conversion procedures in effect at the time the

transaction is processed. The currency conversion rate used by Visa

is either (a) a rate selected by Visa from the range of rates available

in wholesale currency markets for the applicable processing date,

which rate may vary from the rate Visa receives; or (b) the rate

mandated by a government or governing body in effect for the

applicable processing date. The currency conversion rate for

Mastercard is based on (a) rates observed in the wholesale market

or (b) government-mandated rates, where applicable, for the

transaction date or the processing date. The currency conversion

rate in effect on the processing date may differ from the rate in

effect on the transaction date or posting date.

INTEREST AND FEES

INTEREST RATES - ANNUAL PERCENTAGE RATES (APRs)

This section provides the interest rates, also referred to as

corresponding Annual Percentage Rates (APRs), which are

applicable to your account. The APR corresponds to the Daily

Periodic Rate (DPR): the APR is equal to the DPR multiplied by 365,

and the DPR is equal to the APR divided by 365. Interest charges

are calculated by using the DPR. If a rate is a variable rate, we

calculate that APR by adding together an index and a margin. For

more information on variable rates, please refer to the How to

Calculate Variable Rates section within this summary.

Promotional Rates and Fees

Promotional or Introductory Offers are temporary APRs

(Promotional or Introductory Rates) or transaction fees

(Promotional or Introductory Fees) that are offered on certain

qualifying new transactions for a specified period of time. Each

Offer will be assigned a unique Offer ID which will appear on your

credit card statement after the first qualified new transaction for

that Offer. If you revolve your balance to take advantage of a

Promotional or Introductory Offer, all transactions and balances,

including purchases, will be charged interest.

Current Rates

Your current rate is the rate that will apply to transactions that are

not subject to an Introductory or a Promotional Rate.

[see the Pricing Information table for current rates]

Rates for Protected Balances

When an interest rate change for new transactions is applied to

your account, any existing balances of that type will be identified as

Protected Balances on your statement. These Protected Balances

generally are kept at their current APR until the balances are paid in

full.

PENALTY APR AND WHEN IT APPLIES

(If your account is subject to Penalty APR)

The Penalty APR is the APR(s) which may be applied to new

Purchases, Balance Transfers, and Cash Advances, for certain

default occurrences as described below.

We may increase the APRs on new transactions up to the Penalty

APR, based on your creditworthiness, each time a Total Minimum

Payment Due is not received by its applicable Payment Due Date.

We may elect to set your APRs for Purchases, Balance Transfers,

Direct Deposit and Check Cash Advances, and Bank Cash Advances

to different Penalty APRs. We will provide you with a minimum of

45 days advance notice. An increased Penalty APR will remain in

effect indefinitely.

Penalty APRs are variable rates calculated using the variable rate

formula with a margin of up to 26.74 percentage points; this

currently results in an APR of 35.24% (0.096547% DPR). The

calculated Penalty APR using this variable rate formula will not

exceed 29.99%.

HOW TO CALCULATE VARIABLE RATES

Variable Rates are calculated by adding together an index and a

margin. This index is the highest U.S. Prime Rate as published in the

“Money Rates” section of The Wall Street Journal on the last

publication day of each month.

An increase or decrease in the index will cause a corresponding

increase or decrease in your variable rates on the first day of your

billing cycle that begins in the same month in which the index is

published. An increase in the index means that you will pay higher

interest charges and have a higher Total Minimum Payment Due. If

The Wall Street Journal does not publish the U.S. Prime Rate, or if it

changes the definition of the U.S. Prime Rate, we may, in our sole

discretion, substitute another index.

CALCULATION AND BILLING OF INTEREST CHARGES

We calculate interest by multiplying each Balance Subject to

Interest Rate by its applicable DPR and that result is multiplied by

the number of days in the billing cycle. Interest is calculated and

posted to the applicable Purchase, Balance Transfer or Cash

Advance balance on the last day of the billing cycle after all other

transactions have posted and payments have been allocated.

BILLING CYCLE

A billing cycle is a time period that ends on a Statement Closing

Date (or Closing Date) determined by us and begins on the day after

the Closing Date of the previous billing cycle. Each monthly

statement reflects a single billing cycle.

PAYING INTEREST

When applicable, interest accrues daily and compounds daily on new

transactions, and balances remaining from previous billing cycles.

Interest will continue to accrue even though you have paid the full

amount of any related balances because we include any accrued but

unpaid interest in the calculation of each Balance Subject to

Interest Rate.

We will not charge you any interest on Purchases if you always pay

your entire New Balance Total by the Payment Due Date.

Specifically, you will not pay interest for an entire billing cycle on

Purchases if you Paid in Full the two previous New Balance Totals

on your account by their respective Payment Due Dates; otherwise,

each Purchase begins to accrue interest on its transaction date or

the first day of the billing cycle, whichever date is later.

We will begin accruing interest on Balance Transfers and Cash

Advances on the transaction date. The transaction date for access

checks is the date the check is first deposited or cashed.

New Balance Total means the total billed amount as of the Closing

Date of a billing cycle, as shown on your monthly statement.

Pay in Full or Paid in Full means payments and credits (excluding

credits made in accordance with first-year fee limits or the Military

Lending Act) in a billing cycle totaling at least your previous billing

cycle's New Balance Total.

Your Payment Due Date will be at least 25 days from your

statement Closing Date and will fall on the same calendar day each

month.

BALANCES SUBJECT TO INTEREST RATE

Average Daily Balance Method (including new Purchases): We

calculate separate Balances Subject to an Interest Rate for

Purchases and for each Introductory or Promotional Offer balance

consisting of Purchases by: (1) calculating a daily balance for each

day in the current billing cycle; (2) adding all the daily balances

together; and (3) dividing the sum of the daily balances by the

number of days in the current billing cycle.

To calculate the daily balance for each day in the current billing

cycle, we: (1) take the beginning balance; (2) add an amount equal

to the applicable DPR multiplied by the previous day's daily balance;

(3) add new Purchases, new Account Fees, and new Transaction

Fees; and (4) subtract applicable payments and credits. If any daily

balance is less than zero we treat it as zero.

Average Balance Method (including new Balance Transfers

and new Cash Advances): We calculate separate Balances Subject

to an Interest Rate for Balance Transfers, Cash Advances, and for

each Introductory or Promotional Offer balance consisting of

Balance Transfers or Cash Advances by: (1) calculating a daily

balance for each day in the current billing cycle; (2) calculating a

daily balance for each day prior to the current billing cycle that had

a Pre-Cycle balance – a Pre-Cycle balance is a Balance Transfer or a

Cash Advance with a transaction date prior to the current billing

cycle but with a posting date within the current billing cycle; (3)

adding all the daily balances together; and (4) dividing the sum of

the daily balances by the number of days in the current billing cycle.

To calculate the daily balance for each day in the current billing

cycle, we: (1) take the beginning balance; (2) add an amount equal

to the applicable DPR multiplied by the previous day's daily balance;

(3) add new Balance Transfers, Cash Advances and Transaction

Fees; and (4) subtract applicable payments and credits. If any daily

balance is less than zero we treat it as zero.

To calculate a daily balance for each day prior to the current billing

cycle that had a Pre-Cycle balance, we: (1) take the beginning

balance attributable solely to a Pre-Cycle balance (which will be

zero on the transaction date associated with the first Pre-Cycle

balance); (2) add an amount equal to the applicable DPR multiplied

by the previous day's daily balance; and (3) add only the applicable

Pre-Cycle balances, and their related Transaction Fees. We exclude

from this calculation all transactions posted in previous billing

cycles.

TRANSACTION FEES

We will assess the following Transaction Fees to your account in

the same category to which the transaction is posted, [see the

Pricing Information table for fee amounts].

Balance Transfer

ATM Cash Advance

Cash Equivalent

Check Cash Advance

Direct Deposit

Over the Counter Cash Advance

Same-Day Online Cash Advance

Foreign Transaction

Wire Transfer

ACCOUNT FEES

The following fees are assessed as Purchases in the billing cycle in

which the fees accrue:

A Late Fee of [see the Pricing Information table for fee amount] will

be assessed if the Total Minimum Payment Due shown on your

monthly statement is not received by us on or before its Payment

Due Date. If a Late Fee was assessed any time in the prior six

billing cycles, then the amount of the Late Fee will be [see the

Pricing Information table for fee amount]. The Late Fee will not

exceed the Total Minimum Payment Due immediately prior to

assessment of the fee. If your balance is $100 or less on the

Payment Due Date, we will not assess a Late Fee.

PAYMENTS AND DEFAULT

YOUR PROMISE TO PAY

You promise to pay us the amounts of all credit you obtain, which

includes all Purchases, Balance Transfers, and Cash Advances. You

also promise to pay us all the amounts of interest charges, fees,

and any other transactions charged to your account.

PAYMENTS ON YOUR ACCOUNT

You must pay each month at least the Total Minimum Payment Due

shown on your monthly statement by its Payment Due Date.

Payments must conform to the requirements set out on that

monthly statement; these requirements may vary without prior

notice. You may pay the entire amount you owe us at any time.

Payments made in any billing cycle that are greater than the Total

Minimum Payment Due will not affect your obligation to make the

next Total Minimum Payment Due. If you overpay or if there is a

credit balance on your account, we will not pay interest on such

amounts. We will reject payments that are not drawn in U.S. dollars

and those drawn on a financial institution located outside of the

United States. We reserve the right to refuse any payment if that

payment will create, or if the account already has, a credit balance

as of the day we receive the payment. Generally, credits to your

account, such as those generated by merchants or by

person-to-person money transfers, are not treated as payments and

will not reduce your Total Minimum Payment Due.

You may set up automatic payment arrangements online and/or

through your mobile device. Where these arrangements refer to

“Statement Balance” remember that is the same term as “New

Balance Total” as it is used in the Agreement.

PAYMENT CONVERSIONS

We process most payment checks electronically. We use the

information on your check to create an electronic funds transfer.

Each time you send a check, you authorize a one-time electronic

funds transfer. You also authorize us to process your check as a

check or paper draft, as necessary. Funds may be withdrawn from

your account as soon as the same day we receive your payment.

You will not receive your cancelled check because we are required

to destroy it. We will retain an electronic copy.

TOTAL MINIMUM PAYMENT DUE

You may pay your total outstanding balance at any time. Each

billing cycle, you must pay at least the Total Minimum Payment Due

shown on your monthly statement by its Payment Due Date. The

Total Minimum Payment Due is the sum of all past due amounts

plus the Current Payment.

The Current Payment for each billing cycle includes three amounts:

(1) 1.00% of your balance (your New Balance Total except for any

new interest charges and any new Late Fee), and (2) new interest

charges, and (3) any new Late Fee. Your Current Payment will not

be less than $35.00. We round the payment amount down to the

nearest dollar.

The Total Minimum Payment Due will not be greater than your New

Balance Total. If a payment is credited to your account but is

returned unpaid in a later billing cycle, we will recalculate the Total

Minimum Payment Due for the billing cycle in which the payment

was originally credited.

WHEN YOUR PAYMENT WILL BE CREDITED TO YOUR

ACCOUNT

We credit mailed payments as of the date received, if the payment

is: (1) received by 5 p.m. local time at the address shown on the

remittance portion of your monthly statement; (2) paid with a check

drawn in U.S. dollars on a U.S. financial institution or a U.S. dollar

money order; and (3) sent in the return envelope with only the

remittance portion of your statement accompanying it. However,

mailed payments need not be sent in a return envelope if we sent

you a statement without a return envelope. Payments received

after 5 p.m. local time at the remittance address on any day

including the Payment Due Date, but that otherwise meet the

above requirements, will be credited as of the next day. Credit for

any other payments may be delayed up to five days.

HOW WE ALLOCATE YOUR PAYMENTS

Monthly minimum payments are required when you carry a balance.

Payments are allocated to posted balances. If your account has

balances with different APRs, we will allocate the amount of your

payment equal to the Total Minimum Payment Due to the lowest

APR balances first. Payment amounts in excess of your Total

Minimum Payment Due will be applied to balances with higher APRs

before balances with lower APRs. If a payment is returned, we

reserve the right to debit the returned payment amount to the

balance subject to the current non-promotional rate for Purchases

on the account.

PROMISE TO PAY APPLIES TO ALL PERSONS

All persons who initially or subsequently request, are granted,

accept, guarantee or use the account are individually and together

responsible for any total outstanding balance. If you are responsible

to pay any total outstanding balance, we may refuse to release you

from liability until all of the cards, access checks, and other credit

devices outstanding under the account have been returned to us

and you repay us the total outstanding balance owed to us under

the terms of this Agreement.

DEFAULT

You will be in default of this Agreement if: (1) you fail to make any

required Total Minimum Payment Due by its Payment Due Date; (2)

your total outstanding balance exceeds your Total Credit Line; (3)

your Bank Cash Advance balance exceeds your Cash Credit Line; or

(4) you fail to abide by any other term of this Agreement. Solely for

the purposes of determining eligibility and premium payment

obligations for the optional credit insurance purchased through

Bank of America, you will be deemed in default or delinquent if you

fail to make a payment within 90 days of your Payment Due Date.

WHEN WE MAY REQUIRE IMMEDIATE REPAYMENT

If you are in default, then in addition to our other remedies under

this Agreement, we can require immediate payment of your total

outstanding balance and, unless prohibited by applicable law, we

can also require you to pay the costs we incur in any collection

proceeding, as well as reasonable attorneys' fees if we refer your

account for collection to an attorney who is not our salaried

employee.

OTHER PAYMENT TERMS

We can accept late payments, partial payments, or payments with

any restrictive writing without losing any of our rights under this

Agreement. This means that no payment, including those marked

with paid in full or with any other restrictive words, shall operate as

an accord and satisfaction without the prior written approval of one

of our senior officers. You may not use a postdated check to make a

payment. If you do postdate a payment check, we may elect to

honor it upon presentment or return it uncredited to the person

that presented it, without in either case waiting for the date shown

on the check. We are not liable to you for any loss or expense

arising out of the action we elect to take.

MODIFICATIONS TO REQUIRED MINIMUM MONTHLY

PAYMENTS

We may allow you, from time to time, to omit a monthly payment

or make a reduced payment. We will notify you when these options

are available. This will only occur on an isolated basis, such as when

the bank is working with borrowers affected by a federally declared

disaster. If in response to this notification, you omit a payment or

make a reduced payment, interest charges, applicable fees, and

other regular transactions, if any, will accrue on your account

balances in accordance with this Agreement. The reduced payment

amount may be less than your interest charges. You must make the

reduced payment on time to avoid a Late Fee. You must resume

making your regular Total Minimum Payment Due each month

following any modifications made to your required minimum

monthly payment.

CREDIT AVAILABILITY

YOUR CREDIT LINES

Your Total Credit Line and Cash Credit Line are disclosed to you

when you receive your card and, generally, on each monthly

statement. The Total Credit Line is the amount of credit available

for the account; however, only a portion of that is available for Bank

Cash Advances. The Cash Credit Line is that amount you have

available for Bank Cash Advances. The amount of credit available in

your Cash Credit Line will never exceed the amount of credit

available in your Total Credit Line.

We may change your credit lines from time to time. We base that

decision on a variety of factors such as your payment and

transaction history with us, and information we receive from third

parties, including credit reporting agencies. The amounts shown on

your monthly statement as available credit do not take into account

Purchases, Balance Transfers, Cash Advances, interest charges,

fees, any other transactions, or credits which post to your account

after the Closing Date of that monthly statement.

WHAT WE MAY DO IF YOU ATTEMPT TO EXCEED YOUR

CREDIT LINES

The total outstanding balance on your account plus authorizations

at any time must not be more than your Total Credit Line. The total

outstanding balance of your Bank Cash Advances (plus

authorizations) must not be more than your Cash Credit Line.

Each time you attempt a transaction which results in your

applicable outstanding balance (plus authorizations) exceeding a

credit line, we may: (1) permit the transaction without raising your

credit line; (2) permit the transaction and treat the amount of the

transaction that is more than the credit line as immediately due; or

(3) refuse to permit the transaction.

If we refuse to permit the transaction, we may advise the person

who attempted the transaction that it has been refused. If we

refuse to permit a Check Cash Advance or Balance Transfer, we

may do so by advising the person presenting the Check Cash

Advance or Balance Transfer that credit has been refused, that

there are insufficient funds to pay the Check Cash Advance or

Balance Transfer, or in any other manner.

WE MAY SUSPEND OR CLOSE YOUR ACCOUNT

We may suspend or close your account or otherwise terminate your

right to use your account. We may do this at any time and for any

reason. We may elect to not honor any access check which is

written after the expiration date printed on that check. You may

close your account at anytime by notifying us in writing or by

telephone. Your obligations under this Agreement continue even

after the account is closed. You must destroy all cards, access

checks or other credit devices on the account when the account is

closed.

When your account is closed, you must contact anyone authorized

to charge transactions to your account, such as internet service

providers, health clubs or insurance companies. These transactions

may continue to be charged to your account until you change the

billing. Also, if we believe you have authorized a transaction or are

attempting to use your account after you have requested to close

the account, we may allow the transaction to be charged to your

account.

REFUSAL TO HONOR YOUR ACCOUNT

We may deny any transactions for any reason at our discretion. We

are not liable for any refusal to honor your account. This can include

a refusal to honor your card or account number or any check written

on your account. We are not liable for any retention of your card by

us, any other financial institution, or any provider of goods or

services.

RECURRING PREAUTHORIZED TRANSACTIONS

Recurring preauthorized transactions occur when you authorize a

merchant to automatically initiate a transaction using your account

on a recurring basis. If we issue a new credit card with a different

number or expiration date to you, we may (but are not obligated to)

provide your new card number and expiration date to Visa or

Mastercard, depending on which card is associated with this

account, who may provide it to the merchant with whom you have

set up a recurring preauthorized transaction in order to continue

your recurring preauthorized transactions. You will want to confirm

with the merchants that they have your new card information.

LIMITATIONS/WARNINGS

PURPOSES FOR USING YOUR ACCOUNT

You may not use this account to make a payment on this or any

other credit account with us or our affiliates. You may not use or

permit your account to be used to make any illegal transaction. You

will only use your account for transactions that are legal where you

conduct them. We may charge your account for such transactions.

We will not be liable if you engage in an illegal transaction. We may

deny authorization of any transactions identified as Internet

gambling. You may not use your account to conduct transactions in

any country or territory, or with any individual or entity that is

subject to economic sanctions administered and enforced by the

U.S. Department of the Treasury's Office of Foreign Assets Control

(OFAC). Use of your account in those countries will be blocked.

PERSONS USING YOUR ACCOUNT

If you permit any person to use your card, access checks, account

number, or other credit device with the authorization to obtain

credit on your account, you will be liable for all transactions made

by that person including transactions for which you may not have

intended to be liable, even if the amount of those transactions

causes a credit line to be exceeded.

You may authorize any person to use your account in the following

ways: (1) by lending or otherwise intentionally making your card,

access checks, account number, or credit device accessible to

another; (2) by requesting us to formally add a person to your

account as an Authorized User; or (3) by any other ways in which

you would be legally considered to have allowed another to use your

account or to be legally prevented from denying that you did so.

An "Authorized User" means any person that you have formally

requested we add to your account and to which we have approved.

If approved, use of your account by such Authorized User is subject

to the terms of this Agreement. You agree that an Authorized User

may have the same access to information about the account as you

do and that we may discuss your account with an Authorized User.

An Authorized User may take advantage of benefits associated with

your account, but may not add any other person to your account.

In order to request that we add an Authorized User to your account,

you must: (1) be eligible to add a person to your account; (2)

acknowledge to us that you have obtained the express permission

of the person to be added to the account and that certain

information about that person will be shared with us; (3) provide us

with that person’s information, which may include full legal name,

date of birth, social security/tax identification number, primary

address, their relationship to you, and citizenship status; and (4)

inform that person that we report the account to the Consumer

Reporting Agencies, which means the account and account activity

may appear on that person’s credit report. If the request is

approved, you must make and provide a copy of this Agreement to

the Authorized User.

Think carefully before you allow anyone to use your card, access

checks, account number, or other credit device. By doing so, you

authorize that person to use your account to the same extent that

you can and they may have the same access to information as you

do, including but not limited to making Purchases, Balance

Transfers, Cash Advances, and allowing others to use your account.

Your account does not permit you to limit the nature or amount of

authority you give to any person you have authorized to use your

account and you will not attempt to do so. The authority you have

granted to such person will continue until you notify us that you are

terminating the authority and you physically retrieve the card,

checks or other credit device.

When we send you account materials (cards, statements, and

notices), you will be responsible for delivering those materials to

any person associated with your account and any authorized users

of your account. Notice to any of you will be considered notice to all

of you.

ACCESS CHECKS

You may request a stop payment on an access check by providing

us with the access check number, dollar amount, and payee exactly

as they appear on the access check. Oral and written stop payment

requests on an access check are effective for six months from the

day that we place the stop payment.

You may not issue a postdated access check on your account. If you

do postdate an access check, we may elect to honor it upon

presentment or return it unpaid to the person that presented it to

us for payment, without in either case waiting for the date shown

on the access check. We are not liable to you for any loss or

expense arising out of the action we elect to take.

MISCELLANEOUS

OVERDRAFT PROTECTION

If your eligible deposit account with Bank of America is linked to

this account, this overdraft protection feature (which may also be

referred to as Balance Connect®) will allow funds to be transferred

(overdraft protection transfers) from this account into your

designated deposit account with Bank of America when

transactions occur on your deposit account, such as checks or other

debits, that, if paid, would cause the deposit account to be

overdrawn (overdraft transactions). Overdraft protection transfers

include automatic transfers to cover deposit account fees.

Overdraft protection transfers are processed after close of business

Monday through Friday and are treated as Overdraft Protection

Cash Advances.

Each day’s overdraft transactions to be funded by this account will

be totaled up to your available Cash Credit Line, regardless of who

initiated the overdraft transactions. For example, if your deposit

account has a balance of $5.00 and a check or other debit item for

$125.00 is presented for payment, which, if paid, would cause your

deposit account to be overdrawn, then an overdraft protection

transfer of $120.00 will be made to your deposit account and an

Overdraft Protection Cash Advance of $120.00 will post to this

account. The Portion of Credit Available for Cash on this account

must be sufficient to cover the amount of overdraft transactions to

be funded by this account (received by Bank of America that day);

otherwise one or more of the overdraft transactions for that day

will be rejected. Payments or credits to this account may not

impact your Portion of Credit Available for Cash as shown on your

periodic statement until after the posting date of the payments or

credits.

Overdraft protection transfers incur interest charges from the

transaction date. We may permit or refuse to permit any overdraft

protection transfer that would cause you to exceed the Cash Credit

Line of this account. This overdraft protection feature will

automatically be cancelled if this account is closed by either you or

us, or at any time upon your request, and may also be cancelled

according to the terms of your deposit account. Your overdraft

transactions remain subject to the terms of your deposit account

with Bank of America, any related enrollment agreement and this

Agreement.

TELEPHONE CALLS: CALLING, MONITORING AND

RECORDING

You consent to and authorize Bank of America, any of its affiliates,

its marketing associates, and independent contractors, including

servicers, vendors, and collection agents, to monitor and/or record

any of your telephone conversations and other electronic

communications with our representatives or the representatives of

any of those companies for reasonable business purposes including

security and quality assurance. We will not remind you that we may

be monitoring or recording a call at the outset of the call unless

required by law to do so.

Where you have provided a cell phone number directly to us, you

consent and agree to accept servicing calls and text messages to

your cell phone from us. For example, we may place calls to you

about fraud alerts or amounts you owe us (collection calls) on your

account. For any telephone or cell phone calls/communications we

place to you, you consent and agree that those calls may be

automatically dialed including prerecorded messages or texts. This

may include communications from companies working on our

behalf to service your account. Message and data rates may apply.

Communication Revocation: If you do not want to receive

automatically dialed communications for this account, including

prerecorded messages or texts, as described above, you must (1)

provide us with written notice revoking your prior consent; and (2)

in that written notice, include your name and mailing address as

they appear on the account, and the last four digits of your account

number. The notice must be sent to the address listed below.

Bank of America

P.O. Box 653064

Dallas, TX 75265-3064

CONSUMER REPORTING AGENCIES; COLLECTING AND

SHARING INFORMATION

You authorize us to collect information about you in order to

conduct our business and deliver the top quality service you expect,

including information we receive about you, information we receive

about any authorized users of your account, information we receive

from third parties such as consumer reporting agencies, and

information about you and your authorized users’ transactions with

us and other companies. We report account information to

Consumer Reporting Agencies, which means the account will appear

on your consumer report and may appear on any Authorized User’s

consumer report. You authorize us to share such information about

you and your account with our affiliates and others. You may have

the right to opt out of some information sharing. For more details,

please refer to our Privacy Notice.

If you believe we have furnished inaccurate or incomplete

information about you or your account to a consumer reporting

agency, write to us at: Bank of America, N.A., RE: Consumer

Reporting Agencies, P.O. Box 653059, Dallas, TX 75265-3059.

Please include your name, address, home phone number, and

account number, and explain what you believe is inaccurate or

incomplete.

BENEFITS

We may offer you certain benefits and services with your account.

Any benefits or services are not a part of this Agreement, but are

subject to the terms and restrictions outlined in the Benefits Guide

and other official documents provided to you from time to time by

or on behalf of Bank of America. We may adjust, add, or delete

benefits and services at any time and without notice to you.

WE MAY SELL YOUR ACCOUNT

We may at any time, and without notice to you, sell, assign or

transfer your account, any amounts due on your account, this

Agreement, or our rights or obligations under your account or this

Agreement to any person or entity. The person or entity to whom

we make any such sale, assignment or transfer shall be entitled to

all of our rights and shall assume our obligations under this

Agreement, to the extent sold, assigned or transferred.

YOU MUST NOTIFY US WHEN YOU CHANGE YOUR ADDRESS

You must notify us promptly when you change your address. We

may also change your address if so notified by the post office or

others.

WHAT LAW APPLIES

This Agreement is made in North Carolina and we extend credit to

you from North Carolina. This Agreement is governed by the laws of

the State of North Carolina (without regard to its conflict of laws

principles) and by any applicable federal laws.

PROVISIONS OF THIS AGREEMENT ARE SEVERABLE

If any provision of this Agreement is found to be invalid, the

remaining provisions will continue to be effective.

We use section headings (e.g., Types of Transactions) to organize

this Agreement. The headings are for reference purposes only.

UNAUTHORIZED USE OF YOUR ACCOUNT

Please notify us immediately of the loss, theft, or possible

unauthorized use of your account at 1.800.421.2110.

SECURITY INTEREST

This account is secured by the Deposit Account referred to in the

Security Agreement. We have included the Security Agreement in

the first part of this document. You have affirmatively agreed to

and granted to us a security interest in the Deposit Account. We can

transfer funds from the Deposit Account to this secured account if

you default on the debt arising from this account. Such instances of

your default are described herein and in the Security Agreement,

and may include, for example, your failing to make a payment.

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:

Bank of America

P.O. Box 672050

Dallas, TX 75267-2050

In your letter, give us the following information:

•

Account information: Your name and account number.

•

Dollar amount: The dollar amount 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.

Note: It is very helpful if your letter includes the transaction date

and the reference number for the charge, if available.

You must contact us:

•

Within 60 days after the error appeared on your

statement.

•

At least 3 business days before an automated payment

is scheduled, if you want to stop payment on the

amount you think is wrong.

You must notify us of any potential errors in writing or

electronically using online or mobile banking. You may call us, but if

you do we are not 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 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 or explain to you 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 in question, or

report you as delinquent on that amount.

•

The charge in question may remain on your statement,

and we may continue to charge you interest on that

amount.

•

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 Total

Credit Line.

After we finish our investigation, one of two things will happen:

•

If we determine there was 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, including to credit

reporting agencies, 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 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.)

2. You must have used your credit card for the purchase.

Purchases made with Cash Advances, for instance from

an ATM or with a check that accesses your credit card

account, do not qualify.

3. You must not yet have fully paid for the purchase.

If all of the criteria above are met and you are still dissatisfied with

the purchase, contact us electronically using online or mobile

banking or in writing at:

Bank of America

P.O. Box 672050

Dallas, TX 75267-2050

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.