HANCOCK WHITNEY BANK CARDHOLDER AGREEMENT AND DISCLOSURE STATEMENT
This Cardholder Agreement and Disclosure Statement is the contract that governs the use of a Hancock Whitney Visa Platinum Card Account. This Cardholder Agreement and Disclosure Statement contains (1) the terms and conditions that bind the user of any Hancock Whitney Visa Platinum Card Account or any Hancock Whitney Visa Platinum Card issued in connection with the Account and (2) the disclosures required by the Federal Truth in Lending Act. Use of the Hancock Whitney Visa Platinum Card by the Cardholder or any Authorized User shall indicate that the Cardholder has agreed to pay all amounts due in accordance with the terms of this Cardholder Aareement and Disclosure Statement
1. · Definitions. The following definitions apply to the terms used in this Cardholder Agreement and Disclosure Statement or used in the monthly billing statement for a Hancock Whitney Visa Platinum Card account:
(A "Account" means the account for which a Cardholder is issued one or more cards (B "Agreement" means this Cardholder Agreement and Disclosure Statement.
(C) · "Authorized User" means any person a Cardholder has authorized to use a Card or to obtain credit on an Account. whether or not the Authorized User is named in the Cardholder's application or request for a Card or an Account
(D) · Balance Transfer means a balance from a loan or account that Cardholder owes to another creditor or financial institution that Bank allows a Cardholder to transfer to the Account.
(E (F) · "Bank means Hancock Whitney Bank Billing Cycle means the time interval between monthly billing statement dates for monthly billing statements issued pursuant to
the terms of this Aareement "Card" means each Hancock Whitney Visa Platinum Card issued
(G (H) · by the Bank to a Cardholder "Cardholder"means each natural person or organization, including without limitation a corporation partnership proprietorship association, cooperative, estate, trust or government unit, to whom a Hancock Whitney Visa Platinum Card is issued pursuant to the
(0 · request or application of that person or organization "Cash Advance means any extension of credit obtained from the
Bank or another financial institution that accepts Visa credit cards including cash obtained from an automated teller machine "Closing Date means the date on the last day of a Billing Cycle.
(J) (K) · "Margin" means the number of percentage points added to the Prime rate defined in Section 11(A)(3) below to calculate the applicable variable interest rate.
(L) · Monthly Periodic Rate means the percentage rate of interest charge imposed against the outstanding balance on a monthly basis
(N) · the Closing Date "Previous Balance means the outstanding unpaid balance on the
Account at the beginning of the Billing Cycle.
0 · "Purchase" means the purchase or lease of goods and the purchase of services and insurance from merchants or businesses that accept Visa credit cards through the use of a Card or the Account
(P (Q) · "We" or "us"means Hancock Whitney Bank "Hancock Whitney Bank" is a wholly-owned banking subsidiary of
Hancock Whitney Cornoration
Agreement. Pursuant to the Cardholder's request or application, the Bank has established an Account in the name of the Cardholder and has issued one or more Cards to the Cardholder. By requesting or applying for a Card or an Account, retaining a Card, signing a Card using a Card, or using the Account, the Cardholder has agreed to the terms and conditions contained in this Agreement. This Agreement governs the Account and the use of any Card issued to the Cardholder in connection with the Account. The Bank agrees to pay the applicable merchant or business, in accordance with the terms and conditions of this Agreement, for the Purchases that the Cardholder or an Authorized User makes with a Card, and the Bank agrees to make Cash Advances in accordance with the terms and conditions of this Agreement, to the Cardholder or an Authorized User. The Cardholder authorizes the Bank to charge the Account for all amounts the Bank pays on Purchases, for all amounts the Bank advances to any Cardholder or Authorized User on Cash Advances, and for all amounts the Bank advances or pays to third parties on behalf of a Cardholder or an Authorized User including any amounts advanced on behalf of the Cardholder or an Authorized User as a result of the use of a Card to obtain any services offered by VISA U.S.A., Inc. Bank may allow a Cardholder to transfer to the Account balances that the Cardholder owes to other creditors or rinancial institutions, up to the amount of the Account credit limit that Bank makes available for Balance Transfers. If Cardholder requests a Balance Transfer, Cardholder agrees to monitor each account from which a balance is being transferred and continue making the minimum payment due on that account until the other creditor or financial institution provides an account statement that shows the balance of Cardholder's other account has been paid in full, if applicable. This may not occur until after the Balance Transfer appears on a billing statement from Bank. Cardholder is liable for any late payments, interest charges or disputed amounts on the other account. Cardholder is responsible for instructing Cardholder's other creditor or financial institution to close Cardholder's other account if that is Cardholder's preference. An increase in the ANNUAL PERCENTAGE RATE may increase the Cardholder's interest charges, minimum monthly payment amount, and/ or number of minimum monthly payments required to be made
3.Use of a Card/Account. All Cards and/or Accounts shall be used solely for personal, family, or household purposes. The Cardholder agrees that all Cards and Accounts shall be used solely for Purchases and/ or Cash Advances for personal, family, household or other consumer purposes and agrees that Purchases and/or Cash Advances for business purposes shall not be obtained through a Card or Account. The Cardholder and any Authorized User may use a Card or the Account for Purchases, and the Cardholder may use a Card or the Account for Cash Advances. The Cardholder or an Authorized User must sign the pane on the back of each Card issued to the Cardholder. The effect of using the Account number for a Purchase or a Balance Transfer or to obtain a Cash Advance without presenting a Card, as in a Purchase or Balance Transfer or Cash Advance made or arranged by mail or telephone, shall be the same as if the Card itself were presented to make the Purchase or Balance Transfer or to obtain the Cash Advance
Notice Regarding Illegal Internet Gambling Transactions. Pursuant to the Unlawful Internet Gambling Enforcement Act of 2006 and Regulation GG (collectively, the Act"), this is to notify the Cardholder that items and transactions related to illegal Internet gambling Restricted Transactions") will not be processed through your Account(s). Restricted Transactions include any transactions in which a gambling or gaming business accepts payment in connection with unlawful Internet gambling, whether by credit card, debit card, electronic funds transfers. checks, or other means. The Bank shall have no liability whatsoever for the refusal or return of items or transactions, or for any claims or losses arising from or related to its refusal or return of items or transactions and/or its closure of your Account(s), believed by the Bank to be in violation of the Act
Liability for Payment. The Cardholder authorizes the Bank to charge the Account for all Purchases, Balance Transfers and Cash Advances resulting from the use of the Card or the Account. The Cardholder shall pay to the Bank all amounts owed on the Account, including, without limitation, the amounts paid or advanced by the Bank on all Purchases Balance Transfers and Cash Advances, any interest charges assessed on the Account, and any other fees and charges the Cardholder owes to the Bank under the terms of this Agreement, by any method of payment that is acceptable to the Bank provided it is in United States dollars, in accordance with the terms of this Agreement. If the Account is a joint Account, each Cardholder agrees to pay all amounts owed to the Bank on the Account. Each Cardholder on a joint Account shall be jointly severally, and solidarily liable for the payment of all amounts owed to the Bank on the Account, regardless of which Cardholder or Authorized User used the Account.
Authorized Users. The authorization given to an Authorized User by the Cardholder shall continue in effect as long as the Authorized User has possession of a Card, and the Cardholder shall be liable for the payment of all amounts owing on the Account arising from an Authorized User's use of a Card during the time the Authorized User has possession of a Card. No revocation of the authorization given to an Authorized User by the Cardholder shall be effective or binding on the Bank until the Cardholder recovers possession of the Card or accounts for the Card to the Bank's satisfaction
7.Credit Limit. The Bank, upon approving the Cardholder's application for an Account, shall establish a credit limit for the Account. The approved credit limit will be shown on the card mailer form and on each monthly billing statement. The Cardholder agrees not to exceed the credit limit established for the Account. The Bank shall have the right to demand immediate payment of any amount by which the balance owing on the Account at any time exceeds the approved credit limit. The Cardholder may request an increase in the approved credit limit after the Account has been open for six (6) consecutive months. Any such increase shall be entirely within the Bank's sole discretion and may, in the Bank's sole discretion.be conditioned on a review of the Cardholder's personal financial circumstances and other factors that might warrant an increase in the approved credit limit. The Bank shall have the right to reevaluate any Cardholder's financial condition at any time whatsoever and the Bank may obtain a current credit bureau report and ask any Cardholder for current financial information in connection with any such reevaluation. The Bank shall have the right to immediately, without any notice whatsoever, increase or decrease the approved credit limit or to revoke all rights to use the Account based upon the results of a reevaluation
3.Transactions. The Cardholder shall retain, for verification by the monthly billing statements sent to the Cardholder, copies of each charge ticket slip, or other evidence of a transaction obtained in connection with each Purchase, Balance Transfer, Cash Advance, or other transaction on the Account. The Bank shall provide the Cardholder with a copy of its documentary evidence of a transaction on the Account upon receipt of the Cardholder's reasonable request or upon written notice of a billing error given to the Bank in accordance with the terms of this Agreement. Unless the documentary evidence is requested in connection with a billing error inquiry, the Bank may, subject to applicable law, impose a reasonable charge to cover its cost of supplying the evidence.
9.Cash Advances. The Cardholder agrees not to permit the total of the Cardholder's unpaid Cash Advances, when added to the total unpaid Purchases, Balance Transfers, interest charges, and other charges, to exceed at any time the approved credit limit on the Account
10. Monthly Billing Cycle. The Bank shall send the Cardholder a monthly oilling statement when there is a debit or credit balance in excess of S1.00 or when an interest charge is imposed. The monthly billing statement shall show, among other things, all Purchases, Balance Transfers, Cash Advances, interest charges, other charges, the minimum payment due. the payment due date, payments made by the Cardholder, credits, the Previous Balance on the Account.and the New Balance on the Account The Cardholder shall pay the Bank the full amount owed on the Account as shown on the monthly billing statement, within 25 days from the billing date shown on the statement, or the Cardholder shall pay such amount in installments in accordance with the terms and conditions of this Agreement.
Truth in Lending and Related Disclosures. The words "you","your" and "yours" used in this section of this Agreement refer to all Cardholders. The words "we", "us" and "our" used in this section of this Agreement refer to the Bank
(A
B
Purchases. An interest charge will be imposed on Purchases outstanding during a Billing Cycle (including current Purchases) at the Monthly Periodic Rate for Purchases when there is a Previous Balance outstanding and it is not paid in full during the first 25 days of the Billing Cycle. You may avoid paying an interest charge on current Purchases included in the New Balance by paying the entire New Balance in full within 25 days after the Closing Date of the Billing Cycle during which the current Purchases are charged to your Account.
(b)Balance Transfers. An interest charge calculated based on the Monthly Periodic Rate for Balance Transfers will be imposed on Balance Transfers outstanding during a Billing Cycle. A new Balance Transfer will accrue an interest charge from the date when the transaction is posted to your Account until the date of the payment. There is no time period within which to pay to avoid interest charges on Balance Transfers.
c) Cash Advances. An interest charge in the form of the Monthly Periodic Rate for Cash Advances will be imposed on Cash Advances outstanding during a Billing Cycle. New Cash Advance transactions will accrue an interest charge from the date of the transaction until the date of payment. There is no time period within which to pay to avoid these interest charges on Cash Advances
Balance Upon Which An Interest Charge Will Be Imposed. We figure a portion of the interest charge on the Account by applying a Monthly Periodic Rate to each of the "average daily balances" of Purchases (including current transactions). Balance Transfers, and Cash Advances and adding the results. a)To get the "average daily balance of Purchases, we take the beginning balance of your Account each day, add any new Purchases as of the date the transaction is posted to your Account, and subtract any payments or credits, unpaid interest charges, and other charges, as of the date of posting, and outstanding Cash Advances and Balance Transfers. This gives us the daily balance for Purchases. Then we add all these daily balances for the Billing Cycle together and divide the total by the number of days in the Billing Cycle. This gives us the "average daily balance" of Purchases. If the Previous Balance is paid in full during the first 25 days of the Billing Cycle, the average daily balance" of Purchases will be considered to be So.
(c)To get the average daily balance of Cash Advances, we take the beginning balance of your Account each day, add any new Cash Advances as of the date of the transaction and subtract any payments or credits, unpaid interest charges and other charges, as of the date of posting, and outstanding Purchases and Balance Transfers. This gives us the daily balance for Cash Advances. Then, we add all of these daily balances for the Billing Cycle together and divide the total by the number of days in the Billing Cycle. This gives us the "average daily balance" of Cash Advances
(b) To get the average daily balance of Balance Transfers, we take the beginning balance of your Account each day, add any new Balance Transfers as of the date the transaction is posted to your Account, and subtract any payments or credits, unpaid interest charges and other charges, as of the date of posting, and outstanding Cash Advances and Purchases. This gives us the daily balance for Balance Transfers. Then we add all of these daily balances for the Billing Cycle together and divide the tota by the number of days in the Billing Cycle. This gives us the "average daily balance of Balance Transfers.
Determining the Amount of the Interest Charge. The interes charge imposed during a Billing Cycle will be determined by multiplying each of the average daily balances of Purchases, Balance Transfers and Cash Advances by the applicable Monthly Periodic Rate. The Monthly Periodic Rates and the ANNUAL PERCENTAGE RATES for Purchases. Balance Transfers and Cash Advances imposed on your Accoun during a Billing Cycle will be variable rates that are subject to change from Billing Cycle to Billing Cycle. The variable ANNUAL PERCENTAGE RATES for Purchases. Balance Transfers and Cash Advances will be determined based on the "Prime rate for the U.S." designated in the "Money Rates" section appearing in each issue of The Wall Street Journal. If more than one Prime rate is designated for the U.S. on the date of a variable rate adjustment, we may choose the highest of such Prime rates. Any change in the Prime rate will generally result in a change in the ANNUAL PERCENTAGE RATES for Purchases, Balance Transfers or Cash Advances under your Account. The amounts that your ANNUAL PERCENTAGE RATES for Purchases.Balance Transfers and Cash Advances change may also be affected by the Account's maximum ANNUAL PERCENTAGE RATE (described below). The curren variable Monthly Periodic Rates and the corresponding ANNUAL PERCENTAGE RATES for Purchases. Balance Transfers and Cash Advances are disclosed on the card mailer form that accompanies your Card and this Agreement. sfuenlseeennnleeeeterAD
For the first seven complete Billing Cycles after your Account is opened, the ANNUAL PERCENTAGE RATE for Purchases made under your Account will be 0.00% corresponding Monthly Periodic Rate: 0.00%). For these purposes, we will deem your Account to be opened ten days after we mail your Card to you. Beginning with the first day of the eighth Billing Cycle after your Account is opened, we will determine your ANNUAL PERCENTAGE RATE for Purchases subject to an interest rate for each Billing Cycle by adding a Margin of 9.74% to 14.74%, based upon your creditworthiness at the time of Account opening, to the Prime rate in effect on the last day of the prior Billing Cycle. Your Monthly Periodic Rate for Purchases will be 1/12 of the corresponding ANNUAL PERCENTAGE RATE. However, in no event will your Monthly Periodic Rate for Purchases exceed 1.50% (corresponding ANNUAL PERCENTAGE RATE of 18%) Dolonoo Tronctoro O0o lntroduiotoru MDD
a)Purchases. 0.0% Introductory APR
(b)Balance Transfers.1.90% Introductory APR For the first twelve complete Billing Cycles after your Account is opened, the ANNUAL PERCENTAGE RATE for the outstanding balance of Balance Transfers made under your Account will be 1.90% (corresponding Monthly Periodic Rate: 0.158%). For these purposes, we will deem your Account to be opened ten days after we mail your Card to you. Beginning with the first day of the thirteenth Billing Cycle after your Account is opened, we will determine your ANNUAL PERCENTAGE RATE for the outstanding amount of your Balance Transfers by adding a Margin of 9.74% to 14.74%, based upon your creditworthiness at the time of Account opening, to the Prime rate in effect on the last day of the prior Billing Cycle. Your Monthly Periodic Rate for Balance Transfers will be 1/12 of the corresponding ANNUAL PERCENTAGE RATE. However, in no event will your Monthly Periodic Rate for Balance Transfers exceed 1.50% (corresponding ANNUAL PERCENTAGE RATE of 18.00%)
(c) Cash Advances. We will determine your ANNUAL PERCENTAGE RATE for Cash Advances for each Billing Cycle by adding 14.75% to the Prime rate in effect on the last day of the prior Billing Cycle. Your Monthly Periodic Rate for Cash Advances will be 1/12 of the corresponding ANNUAL PERCENTAGE RATE.However, in no event wil your Monthly Periodic Rate for Cash Advances exceed 1.50% (corresponding ANNUAL PERCENTAGE RATE of 18.00%)
Other Charges
(2) Returned Payment Fee. You agree to pay a returned payment fee of up to $25 whenever your payment, whether in the form of a check or other instrument or an electronic payment, is returned to us unpaid because of an insufficient balance in your deposit account. The returned payment fee will be reflected in the New Balance of your Account
(1) Late Payment Fee. If you do not make a payment on your Account at least equal to the minimum monthly payment due on your current monthly billing statement within ten (10) days of the payment due date shown on your current monthly billing statement, you agree to pay a late payment fee of up to $15.00. The late payment fee will be reflected in the New Balance of your Account.
(3)Balance Transfer Fee. Each time you transfer all or part of the balance of another loan or credit card account to your Account with us, we will assess a Balance Transfer fee equal to 3% of the amount of the Balance Transfer, up to a maximum of $50 per Balance Transfer. The Balance Transfer fee will be reflected in the New Balance of your Account
(4) Cash Advance Fee. Each time you obtain a Cash Advance under your Account, we will assess a Cash Advance fee equal to 3.0% of the amount of the Cash Advance. The Cash Advance fee will be reflected in the New Balance of your Account
Security Interest. If we now or hereafter hold any title, mortgage, chattel mortgage, assignment, pledge, or security interest in any of your property, it may be that the terms of the instrument creating such title, mortgage, chattel mortgage, assignment, pledge, or security interest will also secure your obligations on the Account. If you have mortgaged or otherwise granted in favor of us a security interest or shall hereafter mortgage or otherwise grant in favor of us a security interest in your personal residence as collateral or as security for any indebtedness now or hereafter owed to us, it is hereby understood and agreed that we hereby waive any claim, right, mortgage, or security interest we might acquire against your personal residence as collateral or as security for any obligation to us arising from or on the Account, from the use of any Card, or under this Agreement. We expressly reserve all rights not expressly waived in this Agreement under any mortgage or security interest we may have in your personal residence.
Your Liability for Unauthorized Use of Your Card. You may be liable for the unauthorized use of your Card. You will not be liable for unauthorized use that occurs after you notify us at
orally or in writing of the loss, theft, or possible unauthorized use In any case, your liability will not exceed $50.
..-****g********** ****-* *..****** .* ..*.**** This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act.
WnatloDolfYouFingA Mistake On YourStatement If you think there is an error on your statement, or if you need more information about a transaction on your statement, write to us on a separate sheet at the address listed on your statement.
Account information: Your name and account number
In vour letter, give us the following information
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. If you need more information, describe the item you are not sure about.
