CARD MEMBERSHIP RULES

Classic Visa & MasterCard

The words we, me and us will mean each and all persons making application for membership in the credit card system operated by the Bank or persons named as members on the front of the card(s). Card(s) means either Visa or MasterCard credit card(s) or both owned and issued by the Bank. Bank means First National Bank & Trust.

FOLLOW THE RULES

I agree to accept and comply with these membership rules and the amendments to the rules as they occur from time to time. If I fail to follow the membership rules, the Bank can cancel my membership and demand immediate payment of all accounts I owe.

ANNUAL FEE

I agree to pay a membership fee of $20.00 per year per account. The annual fee will be added to my balance and appear on my billing statement in a month selected by the Bank.

CARD USAGE

I understand the card(s) can be used by designated locations throughout the world to purchase goods and services and to obtain cash advances. The Bank is not responsible for the refusal of anyone to honor my card. Paper transactions or electronic transactions will not be final until they are received by the Bank. Transactions are governed by the laws of Arkansas and the laws of the United States of America. If I use the card(s) in a check guarantee system, I agree to let the check be handled as a credit card cash advance if the check is not paid.

RESPONSIBILITY FOR CARD USE

I understand that I am responsible for the use of all card(s) issued for use with my membership. I will not allow unauthorized persons to use my card(s). I understand that I am responsible for signing my card(s) upon receipt and that merchants have been advised to confiscate any unsigned card(s) and return them to their place of origination.

NOTIFICATION

For my own protection and for the protection of the Bank, I agree to promptly notify the Bank if I discover my card(s) has been lost or stolen, or if I suspect the card(s) have been used without authorization.

CARD OWNERSHIP

I understand that as a member and cardholder that I do not own the card(s). When requested to do so, I will surrender the card(s) to the Bank or to a person designated by the Bank. I understand that any and all privileges to use the card(s) may be modified or cancelled by the Bank at any time without notification to me.

PROMISE TO PAY & SECURITY INTEREST

I promise to pay to the order of First National Bank and Trust all transactions in which I have used Bank funds as a result of the use of the card(s). If the funds involve cash advances or extended payment privileges, I also agree to pay the finance charge as described herein. I agree that any collateral (except for household goods and primary dwelling unless I expressly agree otherwise) securing other loans with the Bank may also secure my obligations under this agreement and that the Bank has the right to set-off any amount owed under this agreement against any right I have to receive money from the Bank.

CREDIT LIMIT

The Bank will supply a monthly statement listing the amount and location of all transactions posted prior to the closing date of the statement. I agree to limit my transactions so that my balance will stay with the credit limit approved for me by the Bank and listed on my statement. If I exceed my approved credit limit by $50.00 or more at any one time during the billing cycle, I will pay an over limit charge of $10.00.

BILLING

The Bank will furnish a monthly statement when there is a debit or credit balance of $1.00 or more on my account. I am responsible for maintaining my current account. I am responsible for maintaining my current mailing address on file with the Bank. The Bank may consider me to have received any notice mailed to me at the current address on the Bank’s records.

BILLING ERRORS

Transactions listed on my statement will be presumed correct unless I notify the Bank of an error in writing within 60 days of my statement mailing date. (NOTICE: The monthly statement contains important information about the rights of Cardholders to dispute billing errors.) If you request research on your account, the Bank may charge you $15.00 per hour for research services. If your request relates to a billing error by the Bank, we will not impose, or will reverse those charges.

NEW BALANCE

Debit transactions from purchases and cash advances, and credit transactions from returned merchandise and payments are posted the day they are received by the Bank. The resulting balance each day is used to calculate the daily average balance. If I get a cash advance or a new Partial Payment Option, a finance charge will be added to and included in my New Balance on the last day of my statement cycle.

FULL PAYMENT OPTION

Each month I have the option of paying the “New Balance” in full within 25 days of the cycle closing date. Payment in full (received within 25 days) avoids all additional finance charges except on cash advances.

PARTIAL PAYMENT OPTION

Each month I have the option of paying part of my balance as long as my payment is at least equal to the minimum payment shown on the billing statement. The minimum payment will be 5% of the New Balance or $10.00 whichever is greater. I will pay the total New Balance if it is less than $10.00. If the Bank has not received a minimum payment by the payment due date, I will pay a late charge of $15.00.

FINANCE CHARGE

The finance charge on cash advances will accrue from the date of posting and continue until the cash advance balance is paid in full. The finance charge for transactions other than cash advances (i.e. credit purchases) will accrue from the date of posting if there is a previous balance, or from the first statement date following the date of posting if there is no previous balance or if the previous balance is paid in full. The finance charge for a billing cycle, where applicable, is determined by applying a monthly periodic rate to the average daily balance of my account (including current transactions). The monthly periodic rate is .87% for credit purchases (as indicated on my monthly statement) and 1.29% for cash advances. This monthly periodic rate is determined by dividing the annual percentage rate by the number of months in the year. The annual percentage rate in effect at the time of this printing is 10.47% for credit purchases and 15.47% for cash advances, but is subject to change. The average daily balance is determined by dividing the sum of the daily balances during a billing cycle by the number of days in the billing cycle.

The daily balance is determined by taking the beginning balance of my account each day, adding any new credit purchases or cash advances posted through that date, and subtracting any payments or credits as received, but excluding any unpaid finance charges.

No finance charge will be imposed, except on cash advances, if payment in full of the “New Balance” is received within 25 days of the billing cycle closing date (see “Full Payment Option” above).

OTHER CHARGES AND COLLECTION FEES

If I request a photocopy of the original ticket of an item appearing on my monthly statement, I will pay the Bank the fee assessed to them by Visa U.S.A. Inc., or MasterCard International for this service. If I use my card(s) at an automated teller machine (ATM) other than the Bank’s Office or branches, the owner/operator of such other ATM may impose a charge for such use, in which event I agree to reimburse the Bank any and all amounts which it pays to such owner/operator on account of such use of my card(s). If requested by me or on my behalf results in costs to the Bank, I agree to pay the Bank these costs. If I make my payment with a check or other negotiable instrument and it is returned to you unpaid, I will pay a $15.00 return check charge. If my account is placed with an attorney for collection, I will also pay an attorney’s fee plus court costs and/or any other fees as allowed by law.

CLOSING ACCOUNT

In the event I close my account, I agree to notify the Bank in writing and return my card(s) cut in half. If I close my account, I remain responsible to pay all amounts I owe to the Bank according to the terms of these Card Membership Rules.

The above information is correct as of the printing date and is subject to change after that date. For current rates and information, the consumer may call 870-425-2101 or 1-800-355-2202 or write to:

First National Bank & Trust

Credit Card Department