Terms and Conditions
 

How We Will Calculate Your Balance: We will use a method called “Daily Balance (Including Current Transactions)”.

Paper Statement Fee — Your account will be billed a $2 fee each month for mailed paper statements. We will charge this fee on the statement closing date in any billing cycle in which a paper billing statement is mailed, even if you also are provided it in electronic form. You can avoid the fee by enrolling in paperless (electronic) statements to have your monthly billing statement provided in electronic form only. You can enroll in paperless statements and change your statement delivery setting at any time by logging into your account online or the Mercury^® Cards App.

Note: Balance Transfers may be made available through offers at our discretion.

Terms and Conditions Continued
 

NY Residents - For questions, call us at 866-686-2158. New York residents may contact the New York state department of financial services by calling (800) 342-3736 or by visiting its website, www.dfs.ny.gov, for free information on comparative credit card rates, fees and grace periods.

CA Residents - If you are married, you may apply for a separate account.

OH Residents - The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

WI Residents - No marital property agreement, unilateral statement, or court decree adversely affects our rights, unless you give us a copy of such agreement, statement or court order before we grant you credit, or we have actual knowledge of its terms before your account is opened. If you are married, by submitting your application you are confirming that this credit card application is being incurred in the interest of your marriage and your family.

Identity Verification - IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents; and obtain identification information about you or any authorized user you add to your account.

Credit Reports - We may order credit reports in connection with processing applications/solicitations and any update, renewal or extension of credit. Upon request, we will tell you the name and address of any consumer reporting agency that furnished a report on you. You consent to the obtaining of such reports by signing or otherwise submitting an application or solicitation.

About This Offer - This offer is valid for new accounts only. You must be at least 18 years of age or 21 years of age if you are a permanent resident of Puerto Rico. Applicants must have a permanent residential address in the 50 United States, District of Columbia, Puerto Rico, or have a United States military address. If at the time of your application you do not meet the credit or income criteria previously established for this offer, or the income you report is insufficient based on your current obligations, we may be unable to open an account for you. Additional fees and account terms will be described in the Cardmember Agreement that will be provided with the card upon approval. Upon approval, you will receive a Cardmember Agreement. You agree that the Cardmember Agreement and the account are governed by South Dakota and federal law. The terms of your account, including rates and fees, are subject to change, to the extent permitted by law. 

How Variable Rates are Calculated - We calculate variable rates by adding a percentage to the Prime Rate published in the Money Rates section of The Wall Street Journal on the last business day of the month. For the purchase and balance transfer APR, we add 21.99% to the Prime Rate. For the cash advance APR, we add 21.99% to the Prime Rate. You authorize us to round interest charges to the nearest cent. See your Cardmember Agreement for more detail. The variable APRs noted above are based on the Prime Rate of 8% as of September 30, 2024. Any increase in the Prime Rate may increase your Interest Charges and your Minimum Payment Due.

Credit Line - Applicants may not request a specific credit line. We determine your credit line based on a review of information bearing on your creditworthiness.

Payment Allocation - Payment for up to the Minimum Payment Due amount will be applied at our discretion, and may be applied first to fees and interest, then to the balance with the lowest APR on your Account, and then to balances with higher APRs. Payment amounts in excess of the Minimum Payment Due will first be applied to the balances with the higher APRs before balances with lower APRs, except as otherwise required by applicable law. Credits will be applied at our discretion.

Telephone Number - Permission to Contact - By giving us your telephone number, you authorize us and our service providers to contact you at that number regarding your account. Your consent allows contact by text messaging, artificial or prerecorded voice messages and automatic dialing technology for periodic informational and service calls or texts, but not for telemarketing or sales calls or texts. These communications may be monitored or recorded. Message and data rates may apply. You can opt out of text messaging by responding “STOP”. You can change these preferences at any time by contacting us. If you have any questions regarding privacy, please read our Privacy Notice.

Consent to Allow us to Access Your Mobile Subscriber Details - You authorize your wireless operator (AT&T, Sprint, T-Mobile, US Cellular, Verizon, or any other branded wireless operator) to use your mobile number, name, address, email, network status, customer type, customer role, billing type, mobile device identifiers (IMSI and IMEI) and other subscriber status details, if available, solely to allow verification of your identity and to compare information you provided with your wireless operator account profile information for the duration of the business relationship. For more information on how we treat your data, please visit “Privacy” on www.mercurycards.com.

Jury Trial Waiver and Arbitration - The Cardmember Agreement contains a Jury Trial Waiver and Arbitration Clause, which impacts your rights, including your right to bring or participate in a class action or have a jury trial in the event of a Dispute between you and us. You may reject the Jury Trial Waiver and Arbitration Clause for your new account by following the steps noted in that section of the Cardmember Agreement within 60 days after you have accepted the Agreement.

Information Sharing - Our Privacy Notice is available online at www.mercurycards.com.

This card is issued by First Bank & Trust, Brookings, SD pursuant to a license by Visa USA Incorporated, and managed by Mercury^® Financial.

VISA is a registered trademark of Visa International Service Association and used under license.

The information contained in these disclosures is accurate as of September 30, 2024 and may change after this date.

MERCURY^® REWARDS PROGRAM TERMS AND CONDITIONS

This document (“Rewards Terms and Conditions”) describes the terms and conditions of the Mercury Rewards Program (“Program”) and supplements the Mercury^® Rewards Visa^® Card, Mercury^® Rewards Visa Signature^® Card, Mercury^® Preferred Visa Signature^® Card, Mercury Mastercard^®, Mercury World Mastercard^®, or Mercury World Elite Mastercard^® Cardmember Agreement, as applicable, that governs your credit card account issued by First Bank & Trust (the “Card Account”). By using the Card Account, you agree to participate in the Program. Your participation is subject to the terms of the Cardmember Agreement, including the arbitration provision, if applicable, and these Rewards Terms and Conditions. In the event of a conflict between the Cardmember Agreement and these Rewards Terms and Conditions, with respect to matters relating to the Program, these Rewards Terms and Conditions controls. The Cardmember Agreement controls in all other respects.

IMPORTANT NOTICE

The Program is provided by First Bank & Trust. The Program and benefits are offered at our sole discretion. We reserve the right to alter or waive any program feature or benefit, including and without limitation participation fees, point accrual or redemption criteria, or to cancel or temporarily suspend the Program at any time without prior notice. We reserve the right to approve, deny or revoke cardmember (“you”, “your”) participation in the Program for any reason.

PROGRAM DESCRIPTION

Earn points for everyday Purchases made using your Card. Once enough points are accumulated, you can redeem points for a statement credit and other redemption options (see the section on Point Redemption for additional details), as well as potential new redemption options we may elect to make available in the future.

ELIGIBILITY

1. The Card will be auto-enrolled in the Program and bound by these Rewards Terms and Conditions.
2. We may contact you from time to time with information regarding your Rewards Account or additional promotions. You may change your communication preferences at www.mercurycards.com or by calling the Customer Service number shown on the front of your billing statement.
3. We reserve the right to limit your ability to earn or redeem points while participating in the Program.

EARNING POINTS

1. Points accrue at a rate of one (1) point for each dollar ($1.00) of qualifying Purchases made with your Card less returns, disputed charges, unauthorized charges, or illegal or fraudulent charges (“Purchase” or “Purchases”) made by you and/or any Authorized User(s) of the Card Account (“Base Earn”).
2. Points will round up to the next dollar if the Purchase is equal to an amount that ends in $0.50 or greater.
3. From time to time, we may, in our sole discretion, offer “bonus” points in connection with special offers. These “bonus” points will be governed under these Rewards Terms and Conditions, as well as any additional terms disclosed with the offering.

RESTRICTIONS ON POINT EARNING AND REDEEMING

1. There is no cap on the total amount of the points you can earn as long as the Program continues and the Card Account is open for new transactions.
2. The following transactions are not considered Purchases and will not earn points: Balance Transfers, Checks and Cash Advances, fees, interest charges, and fraudulent transactions.
3. You will not earn points on the portion of purchases paid using points.
4. You may not be permitted to earn or redeem points if any of the following occur:
   • Your Card Account is past due or is otherwise in Default under your Cardmember Agreement.
   • Your Card Account has a fraud status.
   • We determine in our sole discretion that you, or any Authorized User on the Card Account, engage in any illegal activity through the use of the Program or engage in activity that is deemed to be fraudulent or abusive conduct under the Program.

POINT REDEMPTION

1. As the cardmember, you can redeem points at www.mercurycards.com, with the Mercury Cards App, by calling the number on the back of your Card, or through Shop with Points at Amazon.com/shopwithpoints.
2. You can redeem points for:
   • Statement Credit - You can redeem points for statement credits that will reduce your account balance, but you are still required to make at least your Minimum Payment Due.
   • Pay Me Back - You may redeem points for a Pay Me Back statement credit in response to an eligible Purchase that posted to your account in the last 90 days. Pay Me Back statement credits will reduce your account balance, but you are still required to make at least your Minimum Payment Due. Real Time Reward Notifications are available for certain merchant categories when you have made a Purchase that is eligible for a Pay Me Back statement credit. To receive notifications, enrollment is required using the Mercury Cards App or at www.mercurycards.com.
   • Pay My Bill - You may redeem points for a credit, applied as a payment, toward your account, including your Minimum Payment Due.
   • Shop with Points - Points may be used by you and any Authorized User(s) to purchase eligible items at Amazon.com, starting at 1 point for $0.01. For complete details on how to Shop with Points, visit Amazon.com/shopwithpoints.
   • Gift Cards - You can redeem points for electronic and physical gift cards or gift certificates at participating merchants, starting at 1,000 points for a $10 gift card. Gift cards and certificates are subject to the issuer’s terms and conditions, which may include, but not limited to, possible expiration dates and non-usage fees.
3. Redemption for Statement Credit, Pay Me Back, and Pay My Bill will require a minimum of 1,000 points. After you meet the 1,000 point threshold, points may be redeemed in increments of 1 point for $0.01. For example, 1050 points can be redeemed for $10.50.
4. Statement Credit, Pay Me Back, and Pay My Bill redemptions will be processed within 5-7 business days from date of redemption and will appear on your monthly statement.
5. Receipt of a Statement Credit, Pay Me Back credit, or Pay My Bill credit does not change your responsibility to pay your Minimum Payment Due on a statement unless the Pay My Bill credit satisfies the full Minimum Payment Due or the total amount of credits and payments applied to your account between the statement closing date and the payment due date equal or exceed your statement balance.
6. If the redemption causes a credit balance on your Card Account, the credit adjustment will remain on your Card Account and the points will not be reinstated.
7. Once accrued points in your Rewards Account have been redeemed, they cannot be added back into the Rewards Account.
8. Unless specifically noted, redeemed rewards are not refundable, exchangeable, replaceable, redeemable or transferable for cash, credit, other rewards or points under any circumstances.
9. By redeeming points, you release First Bank & Trust and its parent, subsidiaries, affiliates, and service providers from any and all liability regarding the redemption or use of points or other participation in the Program.
10. We reserve the right to modify or cancel any reward at any time.

FORFEITURE

Your points do not expire but may be forfeited if any of the following occur:

1. Your Card Account is closed, including if it is closed for inactivity. Points can be redeemed up to 90 days after account closure, subject to the terms listed under the sections titled ‘Restrictions on Point Earning and Redeeming’ and ‘Point Redemption.’
2. Your Card Account is in Default under your Cardmember Agreement.
3. We determine in our sole discretion that you, or any Authorized User on the Card Account, engage in any illegal activity through the use of the Program or engage in activity that is deemed to be fraudulent or abusive conduct under the Program.

GENERAL

1. Points have no cash value until redeemed, are not your property, and may not be transferred or assigned.
2. We are not responsible for unauthorized redemptions on your Rewards Account.
3. Fraud or abuse relating to the accrual of points or redemption of rewards may result in forfeiture of accrued points as well as disqualification from participation in the Program, cancellation of your Rewards Account, and cancellation of your Card Account.
4. We are not liable in case of disagreement over issuance or redemption of points or a cardmember’s right to possess points or make redemptions.
5. All questions or disputes regarding eligibility for the Program, eligibility of points for accrual, conversion of points or redemptions of rewards will be resolved by us in our sole discretion. Discrepancies about point earnings are not treated as credit card billing disputes. Please refer to your Cardmember Agreement for details about billing disputes.
6. Purchase returns or other credits reflected on your statements during or subsequent to the period of Program membership will reduce or eliminate the points available for redemption.
7. The determination of tax liability for any federal, state or local taxes (as may be applicable) arising out of the accrual or conversion of points or redemption of rewards in the Program shall be your sole responsibility.
8. We are not responsible for typographical errors and/or photographic errors and/or omissions in this document.
9. These Rewards Terms and Conditions supersede all previous Rewards Terms and Conditions.
10. These Rewards Terms and Conditions are governed by and construed under the laws (excluding conflicts of law provisions) of South Dakota.
11. If you have any questions about the Program, please contact the customer service phone number on the back of your Card.

CHANGES

We reserve the right to change the purchase to points earning ratio at our discretion. If changed, this will only apply to purchases which you make after the change, and will not affect the value of the points which you previously earned. We reserve the right to correct inaccurate points values represented on billing statements or our website, at our sole discretion. The Program may be changed (added to, modified or deleted) by us at any time, including without limitation amendments to the definition of Purchases. We will give you prior notice to the extent required by law. The current version of these Rewards Terms and Conditions may be found at www.mercurycards.com. Any revisions may affect your ability to earn points.

LIMITED LIABILITY

By participating in the Program and accepting and using the points earned, you release, discharge, and hold harmless First Bank & Trust, and its parent company, subsidiaries, affiliates, agents, administrators, service providers, employees, officers, directors, successors, and assignees from all claims, damages, or liability including, but not limited to, physical injury or death, arising out of participation in the Program or travel taken or use of products purchased in connection with the Program. Moreover, unless otherwise required by law, this Program, or our Card Agreement with you, we will not be liable to you or anyone making a claim on your behalf, in connection with: (1) any change or termination of the Program; (2) any loss, damage, expense or inconvenience caused by any occurrence outside of our control; (3) any taxes that you incur as a result of receiving point redemptions, payment of which taxes will be your responsibility; (4) any merchandise or services you purchase, or for any direct, indirect or consequential damages with respect to the use of your Rewards Account. In any event, any liability that First Bank & Trust may have to you in connection with the Program shall be limited to the amount of any point redemptions you have earned in this Program. The Program and point redemptions are void or limited where prohibited or restricted, respectively, by federal, state or local law.

This card is issued by First Bank & Trust, Brookings, SD pursuant to a license by Mastercard International Incorporated or Visa USA Incorporated; and managed by Mercury^® Financial. All trademarks are the property of their respective owners.