Mission Lane Visa® Credit Card Cash Back Program Terms and Conditions

Welcome to the Mission Lane Visa Credit Card Cash Back Program.

Please read and retain these Mission Lane Visa Credit Cash Back Program (the “Program”) Terms and Conditions (these “Program Terms and Conditions”). We may amend these Program Terms and Conditions at any time without notice by posting the revised terms and conditions online at www.missionlane.com.

Definitions

Terms used in these Program Terms and Conditions have the meanings set forth in the Mission Lane Visa Credit Card Agreement unless specifically defined below.

Agreement means Mission Lane Visa Credit Card Agreement.

Account is defined in your Agreement.

Card is defined in your Agreement.

Cash Back means an amount automatically applied as a credit to the Account balance on your periodic statement in accordance with these Program Terms and Conditions.

Good Standing means the Account is not over-limit, not delinquent, not bankrupt, not currently restricted by us, has passed our ability to pay analysis, and is being used in accordance with the Agreement.

Merchant Category Code or MCC means the four digit number used by Visa and other payment networks to identify the type of business in which a merchant is engaged.

Net Qualifying Purchase(s) means the total of all new Qualifying Purchases, minus any credits posted to your Account during the same calendar month for returns, chargebacks, or any other adjustments.

Net Promotional Qualifying Purchase(s) means the total of all new Qualifying Purchases from a merchant categorized by the specified Merchant Category Code for the promotion, minus any credits posted to your Account during the same calendar month for returns, chargebacks, or any other adjustments. Examples of Merchant Category Codes that may be included in promotions include travel, dining, and gas MCCs.

Qualifying Purchase(s) means the dollar amount of purchases of goods or services you make on your Account during a calendar month, including sales tax, rounded up or down, as applicable, to the nearest whole cent. Fees, interest charges, cash advances, purchases of traveler's checks, reloading of prepaid cards or other cash equivalents, and purchases made when your Account is not in Good Standing, are not Qualifying Purchases.

We, Us, and Our mean WebBank, who is the issuer and creditor of your Card.

You, Your or Yours mean the applicant for the Account and any other person(s) responsible for complying with the Agreement or these Program Terms and Conditions.

Important Information about the Program

These Program Terms and Conditions give you detailed information about how the Program works. This is a separate and independent agreement from the Agreement; however, the Program is subject to the Arbitration Agreement with Class Action and Jury Trial Waiver section of the Agreement, which is incorporated into these Program Terms and Conditions. In the event of a conflict between the terms of the Agreement and the terms of these Program Terms and Conditions, the Agreement will govern, except these Program Terms and Conditions will govern in any matter relating to the Program.

By using, or permitting others to use, your Card or Account, you're agreeing to be bound by these Program Terms and Conditions.

Eligibility

Your Account is eligible to earn rewards in the form of Cash Back under the Program while your Account remains open and in Good Standing.

Cash Back Overview

Earning Cash Back

We reserve the right to determine in our sole discretion whether a particular transaction is a Qualifying Purchase. Under the Program, you will earn Cash Back on Net Qualifying Purchases and Net Promotional Qualifying Purchases made using your Account. You will earn 1% Cash Back on all Net Qualifying Purchases and 3% Cash Back on all Net Promotional Qualifying Purchases made at merchants assigned the MCC for gas, dining and travel purchases. Purchases made through merchants not assigned to one of the qualifying MCCs will earn 1% Cash Back and not be counted as a Net Promotional Qualifying Purchase.

The following qualifying MCCs will be used to determine the Cash Back percentage for Net Promotional Qualifying Purchases:

• Gas & EV Charging MCCs: Includes purchases at gas stations and EV charging stations. Excludes gasoline purchases at warehouse clubs, discount stores, or other merchants that do not use the gas station MCC.
• Dining MCCs: Includes dining purchases such as purchases at cafes, restaurants, bars, lounges, and fast-food establishments. Excludes food purchased at convenience stores, specialty markets, bakeries, and catering services. Food delivery purchases may not qualify if the merchant does not use the restaurant MCC.
• Travel & Transportation MCCs: Includes lodging and transportation purchases such as airfare, train and bus fares, taxis, limousines, ride-shares, hotels, resorts, campgrounds, car and boat rentals, cruises, and travel agencies. Excludes automobile and travel insurance, auto repair and tire shops, and vehicle dealerships.

MCCs are determined by the merchant or its payment processor in accordance with standard industry practices, and merchants can change MCCs at any time without notice. We are not responsible for the evaluation or assignment of MCCs to merchants. Even if you expect the merchant to fit into a particular MCC, the merchant may be assigned to a different MCC, and purchases at the merchant will count toward your Qualifying Purchases under that merchant's assigned MCC. For example, some travel purchases associated with a merchant may use a merchandise code, or restaurants located inside department stores or hotels may use a merchandise or hotel code instead of a dining code and therefore would not qualify as a travel or dining purchase under these Program Terms and Conditions. Purchases made through merchants not assigned to a qualifying MCC will earn 1% Cash Back. Additionally, Qualifying Purchases made through a third-party payment account, mobile or wireless card reader, digital wallet or similar technology that does not transmit MCCs to us will earn 1% Cash Back.

We calculate your Cash Back by:

• Multiplying the dollar amount of Net Promotional Qualifying Purchases posted to the Account during that calendar month by 3%, plus
• Multiplying the dollar amount of Net Qualifying Purchases posted to the Account during that calendar month by 1%.

You will earn Cash Back at the end of each calendar month. Additionally, some merchants may compile purchases and post them at a later date, which may delay your Cash Back for such purchase until the next month.

There is no maximum annual limit on the amount of Cash Back you can earn, subject to eligibility requirements.

Net Qualifying Purchases and Net Promotional Qualifying Purchases are multiplied by the applicable Cash Back amount, based on the transaction category as determined by MCC (i.e. 3% or 1%) to determine the amount of Cash Back earned. For example, if you have a Qualifying Purchase of $98.85 categorized based on MCC as gas, travel or dining, you will earn $2.97 in Cash Back. The same Qualifying Purchase not categorized by MCC as travel or dining will earn $0.99 in Cash Back.

Crediting Cash Back

Cash Back is calculated based on Net Qualifying Purchases made during a calendar month. Any Cash Back earned during a calendar month will be applied automatically as a credit to the Account on the second day of the next calendar month. The amount of Cash Back will be shown as a transaction under the “Payments, Adjustments, and Other” section on your periodic statement for the billing cycle that includes the date such Cash Back is credited. Depending on the timing, it may take 1 to 2 billing cycles after a transaction posts to your Account for your Cash Back to credit on your periodic statement. Cash Back may result in a credit balance on your Account. We also may award bonus Cash Back for certain transactions and/or promotions from time to time in our sole discretion (details will be provided with such offers).

Cash Back Earning Limitations and Forfeiture

Cash Back Earning Limitations

Because your Cash Back is calculated based on Net Qualifying Purchases, the amount of Cash Back will be reduced by any merchant credits posted to your Account for returns, chargebacks or any other adjustments. If the amount of the merchant credits posted to your Account in a calendar month exceed the amount of Net Qualifying Purchases you make in that month, you may have a negative Cash Back balance.

We reserve the right to determine the method to disburse any Cash Back. We will credit your Account with your Cash Back each month your Account is open and in Good Standing. In some situations, this may result in a credit balance refund.

We will apply your Cash Back to your new Card number if your Card is lost or stolen or if we issue you a new Card number for any other reason. You should notify us if you do not receive any expected Cash Back.

If your Account has a negative Cash Back balance at the end of a calendar month, Cash Back awarded for future Net Qualifying Purchases will be applied to such negative Cash Back balance in subsequent billing cycles until the Cash Back is zero or positive.

You will not earn Cash Back on cash advances, cash-like transactions, illegal transactions, or any transactions made with a lost, canceled, or stolen Card. If a merchant does not provide sufficient transaction detail for us to determine whether the transaction is a Qualifying Purchase, the transaction will not earn Cash Back.

You will not earn Cash Back for any calendar month during which the Account is in “Default” as defined in the Agreement. You will not earn Cash Back if the Account is not in Good Standing at the time when Cash Back is credited; however, when the Account returns to Good Standing any prior accrued Cash Back amount will be credited to the Account on the next periodic statement. You will not earn Cash Back in or after any month in which you are otherwise disqualified from participation in the Program pursuant to the Review and Disqualification Section of these Program Terms and Conditions.

Except for the Cash Back credited to your Account and reflected on your periodic statement, Cash Back has no cash or other value and may be used only as described in these Program Terms and Conditions. Cash Back cannot be assigned, transferred, gifted, sold, attached, pledged or bartered under any circumstance, including, without limitation, in case of disability or death, by operation of law, or in connection with a domestic relations or other legal dispute.

Forfeiture of Cash Back

As permitted by applicable law, no Cash Back will post to your Account if it is closed, the Account goes into “Default” as defined in the Agreement, or you are otherwise disqualified from participation in the Program pursuant to the Review and Disqualification Section of these Program Terms and Conditions. You will not be entitled to compensation or any other recourse if your Cash Back earnings are forfeited for any reason.

Review and Disqualification

We reserve the right, in our sole discretion, to disqualify customers from earning Cash Back in the event of fraud, abuse of Program privileges or violation of these Program Terms and Conditions as determined. Such disqualification may be temporary or permanent and may result in the forfeiture of Cash Back.

Cash Back Adjustments

We may make adjustments to your future Cash Back based on your Account activity. For example, we will decrease your Cash Back balance to correspond with the return of a purchase or the amount of Cash Back disbursed by us in error. In certain circumstances, it is possible to have a negative Cash Back balance.

Termination

We reserve the right, in our sole discretion, to suspend or terminate the Program and these Program Terms and Conditions at any time and in compliance with applicable law. Our decisions regarding the Program are final. If the Program is terminated, we will notify you of the date on which your Account will cease earning Cash Back.

For any questions about earning and redeeming Cash Back, visit www.missionlane.com, contact us at [email protected] or call us at (855) 790-8860.