Common use of MONTHLY ACCOUNT STATEMENT Clause in Contracts

MONTHLY ACCOUNT STATEMENT. The Bank shall mail to you a monthly Account Statement at the end of each billing period. In each Account Statement, the following entries will be shown, as applicable: new balance, minimum payment due, payment due date, credit limit, available credit, days in billing cycle, Late Payment Warning, Minimum Payment Warning, previous balance, payments, interest charged, fees charged, other credits, debits, purchases, balance transfers from other institutions, convenience checks and cash advances made within the said period, year to date totals for fees and interest charged, interest charge calculation by balance type and the Annual Percentage Rate, You must notify the Bank, in writing, of any error in the Account Statement, within sixty (60) days, following the date on which the statement was mailed. Currency Conversion Fee- Transactions made in foreign currency will be billed to you in U.S. dollars. The currency conversion fees for international transactions into a U.S. dollar amount will be performed by Visa International (the “Association”) using: a) A rate selected by the applicable Association from the range of rates available in wholesale currency markets for the applicable central processing date. The rate may vary from the rate received by the applicable Association, itself, or b)The government mandated rate in effect for the applicable central processing date. The Association will apply a Currency Conversion Fee to the transaction amount for any credit card transaction made in a foreign currency. Please refer to the “Fees” section in the table included. The Bank may apply the Credit Line Availability Hold to your account if your payment is returned due to insufficient funds or returned check. The Hold will delay for a 10 day period the availability on the credit line for an amount equal to the payment made. The Hold will be in effect on each billing cycle during the following six (6) billing cycles after the payment reversal event. Such Hold will apply regardless of the payment method. Installment Plan enables you to perform a cash advance from your credit line allowing you to determine the repayment period for that balance. The amount requested for the Installment Plan will be subject to your credit line availability. This offer is only available for repayment terms of twelve (12), twenty-four (24), thirty-six (36), forty-eight (48) or sixty (60) months. The APR, INTEREST CHARGES and Monthly Minimum Payment, of your Installment Plan may vary for each billing cycle. The APR for your Installment Plan is equivalent to your Standard APR for purchases, which is determined by adding the Prime Rate published in the Wall Street Journal to a margin. The minimum monthly payment of your Installment Plan will be included in the minimum monthly payment due of your account during the term of your offer. You will be responsible to pay the total minimum monthly payment amount as established in your account statement. The INTEREST CHARGES will be calculated based on Average Daily Balance. To pay in full your Installment Plan please contact the Credit Card Service Department in order to obtain the total balance owed. Installment Plan is not available for accounts under Penalty Rate and no grace period applies. If you do not comply with the minimum monthly payments of your installment loan, the Late Fee will apply as established in the Credit Cards Agreement. The unpaid amount of the Installment Plan in the minimum monthly payment requested will be transferred to the Balance Transfers section. If Penalty Pricing applies to your account, the balance pertaining to Installment Plan will remain subject to the Purchase Standard APR and the corresponding term of Installment Plan will not change. To request an Installment Plan you may contact customer service at ▇▇▇-▇▇▇-▇▇▇▇ or ▇-▇▇▇-▇▇▇-▇▇▇▇. You will be in default if you do not pay an installment on time or file for bankruptcy. In the event of noncompliance, the Bank can demand immediate payment of the full balance. If the Bank has to refer collection of the balance to an attorney, you may have to pay legal and attorney’s fees, plus court costs and any other fees allowed by law.

MONTHLY ACCOUNT STATEMENT. The Bank shall mail to you a monthly Account Statement at the end of each billing period. In each Account Statement, the following entries will be shown, as applicable: new balance, minimum payment due, payment due date, credit limit, available credit, days in billing cycle, Late Payment Warning, Minimum Payment Warning, previous balance, payments, interest charged, fees charged, other credits, debits, purchases, balance transfers from other institutions, convenience checks and cash advances made within the said period, year to date totals for fees and interest charged, interest charge calculation by balance type and the Annual Percentage Rate, You must notify the Bank, in writing, of any error in the Account Statement, within sixty (60) days, following the date on which the statement was mailed. Currency Conversion Fee- Transactions made in foreign currency will be billed to you in U.S. dollars. The currency conversion fees for international transactions into a U.S. dollar amount will be performed by Visa International (the “Association”) using: a) A rate selected by the applicable Association from the range of rates available in wholesale currency markets for the applicable central processing date. The rate may vary from the rate received by the applicable Association, itself, or b)The b) The government mandated rate in effect for the applicable central processing date. The Association will apply a Currency Conversion Fee to the transaction amount for any credit card transaction made in a foreign currency. Please refer to the “Fees” section in the table included. The Bank may apply the Credit Line Availability Hold to your account if your payment is returned due to insufficient funds or returned check. The Hold will delay for a 10 day period the availability on the credit line for an amount equal to the payment made. The Hold will be in effect on each billing cycle during the following six (6) billing cycles after the payment reversal event. Such Hold will apply regardless of the payment method. Installment Plan enables you to perform a cash advance from your credit line allowing you to determine the repayment period for that balance. The amount requested for the Installment Plan will be subject to your credit line availability. This offer is only available for repayment terms of twelve (12), twenty-four (24), thirty-six (36), forty-eight (48) months or sixty (60) 60 months). The APR, INTEREST CHARGES and Monthly Minimum Payment, of your Installment Plan may vary for each billing cycle. The APR for your Installment Plan is equivalent to your Standard APR for purchases, which is determined by adding the Prime Rate published in the Wall Street Journal to a margin. The minimum monthly payment of your Installment Plan will be included in the minimum monthly payment due of your account during the term of your offer. You will be responsible to pay the total minimum monthly payment amount as established in your account statement. The INTEREST CHARGES will be calculated based on Average Daily Balance. To pay in full your Installment Plan please contact the Credit Card Service Department in order to obtain the total balance owed. Installment Plan is not available for accounts under Penalty Rate and no grace period applies. If you do not comply with the minimum monthly payments of your installment loan, the Late Fee will apply as established in the Credit Cards Agreement. The unpaid amount of the Installment Plan in the minimum monthly payment requested will be transferred to the Balance Transfers section. If Penalty Pricing applies to your account, the balance pertaining to Installment Plan will remain subject to the Purchase Standard APR and the corresponding term of Installment Plan will not change. To request an Installment Plan you may contact customer service at ▇▇▇-▇▇▇-▇▇▇▇ or ▇-▇▇▇-▇▇▇-▇▇▇▇. You will be in default if you do not pay an installment on time or file for bankruptcy. In the event of noncompliance, the Bank can demand immediate payment of the full total outstanding balance. If the Bank has to refer collection of the balance to an attorney, you may have to pay legal and attorney’s fees, plus court costs and any other fees allowed by law.