Cardless Rewards Program Terms and Conditions (Effective 8-5-22)

Cardless Card Rewards Program Terms and Conditions

These Cardless Card (“Card Account”) Rewards Program Terms and Conditions (these “Terms”) are provided to holders of the Cardless credit card (“you” or “your”) issued by First Electronic Bank and govern the Cardless Rewards Program made available to you (the “Program”) and your associated Cardless rewards account (“Rewards Account”). “Cardless,” “our,” “us,” or “we” means Cardless, Inc. These Terms are a separate agreement and are not part of the Cardless Consumer Credit Card Agreement (the “Cardholder Agreement”), which is by and between you and First Electronic Bank. The Program and your Rewards Account are managed, provided and operated by Cardless.

Your application for participation in the Program, acceptance or use of your Rewards Account, or participation in the Program constitutes your acceptance of each of the terms described herein.

I. EARNING REWARDS AND REWARDS POINTS

You may earn Rewards Points (“Points”) for Eligible Purchases, minus returns or refunds, using your Card (as defined in the Cardholder Agreement) and herein. Eligible Purchases are purchases of products or services, minus returns, refunds, or disputed charges made with a Card by you or an authorized user (if applicable) on your Card Account. Eligible Purchases do not include cash advances, including purchases of cash equivalents of any kind, balance transfers, convenience check amounts, purchases we believe to have been made for commercial purpose, account fees (as defined in the Cardholder Agreement), interest charges, credit insurance, gambling fees, credit protection, debt cancellation charges, and unauthorized or fraudulent transactions do not qualify as Eligible Purchases and do not earn Points. Further, casino gambling chips, off-track wagers, lottery tickets, and bets or wagers transmitted over the internet or through a mobile application do not earn Rewards Points. In addition, any purchases of cryptocurrency, including bitcoins, litecoins, non-fungible tokens (NFTs), yield farming tokens, transactions on cryptocurrency exchanges, and any similar cryptocurrency-type transactions do not qualify as Eligible Purchases and will not earn any Rewards Points. We reserve the right to determine whether a purchase is deemed a crypto-related transaction and thus not eligible to earn Points. The number of Points earned for purchases may vary based on various factors, including, without limitation, the types and dollar amounts of purchases and the Card affiliation and branding. Points will be earned and calculated as specified on the Cardless mobile application or on our website [https://www.cardless.com/]. Unless otherwise set forth on our mobile application or our website, you will earn and accrue a minimum of one (1) Point for each U.S. Dollar of Eligible Purchases using your Card. You may earn Points as may be authorized by us from time to time for special programs, promotions, or transactions that may be offered for limited time periods and for which additional terms and conditions may apply.

Merchants who accept the Card are assigned a merchant code, which is determined by the merchant or its processor in accordance with card brand procedures based on the kinds of products and services they primarily sell. As such, even though a merchant may sell retail items that may be similar to retail items sold by another merchant, the merchants may not have the same merchant code, and therefore the purchases at the merchants may not be included in the same category for the purposes of earning Points. Purchases using the Card must be submitted by merchants using the identified merchant category codes to qualify for earning Points. We are not responsible for incorrectly coded transactions. Additionally, purchases using a third-party payment account will not be eligible for accruing Points. Questions concerning eligible transactions will be determined in the sole discretion of Cardless.

All transactions in U.S. Dollars for which Points are awarded to you will be rounded down to a whole-dollar amount for purposes of determining the number of Points to be awarded. Points are earned after enrollment in this Program, and no Points will be provided retroactively (including if you are in default under the Cardholder Agreement).

Transactions That Do Not Qualify for Rewards Points.

Cash advances, including purchases of cash equivalents, balance transfers, convenience check amounts, purchases believed to be made for commercial purposes, account fees, interest charges, credit insurance, gambling fees, credit protection, debt cancellation charges, and unauthorized or fraudulent transactions do not qualify as Eligible Purchases and do not earn Points. Casino gambling chips, off-track wagers, lottery tickets, and any internet or mobile application bets do not earn Rewards Points. Any purchases of cryptocurrency, including bitcoins, litecoins, NFTs, or transactions on cryptocurrency exchanges, do not qualify as Eligible Purchases. Certain Rewards, such as discount offers or statement credits, may not contribute to Rewards Points earnings. Please refer to your Card’s Offer Details for more information.

Any Card transactions while in default of the Cardholder Agreement or that cause exceedance of your credit limit do not qualify as Eligible Purchases nor earn Points, unless permitted by us. Points cannot be combined with other discount or reward programs unless specifically authorized by us.

Points are earned at the close of each monthly billing cycle, based on purchases made during the billing cycle, minus any refunds or returns. You will not earn rewards for pending transactions and points posting can take up to 12 weeks. If more than ninety (90) days since the transaction have passed and Points are not reflected, contact us. Notify us within 120 days of the transaction for any inaccuracies to avoid potential forfeiture of points.

II. EARNING REWARDS THROUGH REFERRAL PROGRAMS

From time to time, we may offer the ability to participate in a program or campaign rewarding you for referring friends and family to Cardless. Each Referral Program is designed to provide Points for successfully referring your friends and family members (each, a “Referred User”). To earn Points for a referral: (1) log in to your account to access your unique referral link and provide it to the Referred User, (2) the Referred User must use your unique referral link when applying for a Card, (3) the Referred User must not be a current or former Cardless cardholder, and (4) the Referred User must be approved for and obtain a Cardless Card before the expiration date of the Referral Program. If eligible, Points will be credited to your Rewards Account.

The amount of Points for each referral will typically be set forth in the advertisement or materials describing the Referral Program. The number of Points available is subject to change at any time. Points earned will typically be credited within 90 days after a successful referral when your Card Account and Rewards Account are in good standing.

III. REDEMPTION

You may redeem Points credited to the Rewards Account by logging into your Account. Redemptions are subject to point availability and other requirements. Goods, services, or experiences available for redemption are while supplies last. Redemption values are subject to change without notice. Points do not expire; however, if the Card Account is closed or the Cardholder Agreement or Terms are terminated, you will forfeit all Points. All statement credits and Point redemptions are final. Points will not be available for redemption until posted to your Rewards Account.

Your Points may only be redeemed if your Card Account and Rewards Account are in good standing and not in default. Points earned in connection with an enrolled Account will be consolidated into a single Rewards Account. Points are not your property and cannot be transferred. The sale or barter of Points, other than by us, is prohibited.

You may log in to your Rewards Account to redeem for cash at a rate set forth or approved gift cards. The applicable Card Account redemptions will generally post within seven business days. Points redeemed will be applied as a statement credit to your account balance, which does not count toward your minimum payment obligation. You understand that we may fulfill gift card redemptions by either a plastic gift card or electronic gift card. Terms of the gift cards may change without notice.

IV. RESTRICTIONS ON EARNING POINTS

Points may not be earned or may be forfeited under the following conditions:

V. CANCELLATION AND FORFEITURE OF POINTS

Points may be restricted, suspended, canceled and/or forfeited at our discretion if any of the following events occur:

VI. GENERAL

We may suspend, cancel, or modify the Program at any time and for any reason. Cardless may change qualifications, features, rewards, and revisions to Point caps or limitations. Discrepancies in point earnings do not treat as billing disputes. Redemption of Points may qualify as taxable income, and you are responsible for any taxes owed. The Program is subject to all applicable laws and regulations. You must use the Rewards Account for lawful personal purposes only. You agree to indemnify Cardless for claims arising from your participation in the Program.

All trademarks used in this Program are property of their respective owners.