WalletHub Credit Account

Disclosures

How Do You Calculate My Balance?

Your balance is based on the total amount of purchases you have charged to your WalletHub Credit Account, after subtracting the total amount of payments made to your WalletHub Credit Account.

What Are My Billing Rights?

Information on your rights to dispute transactions and how to exercise those rights is provided in the “YOUR BILLING RIGHTS” section below.

TERMS AND CONDITIONS OF OFFER

• This offer is only valid for WalletHub Premium or WalletHub Premium+ subscribers. You must be at least 18 years of age (21 years of age if a resident of Puerto Rico). If you are married, you may apply for a separate account. After credit approval, each applicant shall have the right to use this account, and each applicant may be liable for all amounts of credit extended under this account. Evolution Finance, Inc. (dba WalletHub) is the creditor for your WalletHub Credit Account.
• Residents of the following states are not eligible for the WalletHub Credit Account: California, District of Columbia, Georgia, Hawaii, Indiana, Iowa, Louisiana, Maryland, Michigan, Mississippi, Missouri, Montana, New Hampshire, New Mexico, Ohio, Oregon, Rhode Island, South Dakota. By applying for a WalletHub Credit Account you represent and warrant that you are not a resident of one of those states.
• We may gather information about you, including information from your employer, your bank accounts, credit bureaus, and others, to verify your identity and determine your eligibility for credit, renewal of credit, and future extensions of credit. If you ask us, we will tell you whether or not we requested a credit bureau report, and the names and addresses of any credit bureaus that provided us with such reports.
• You agree that all information that you are furnishing to WalletHub as part of your application, is truthful and accurate, and you agree to update any information you provide to us should it change, including your telephone number and e-mail address.
• To receive a WalletHub Credit Account, you must meet our qualification criteria. If you are approved for a WalletHub Credit Account, the initial credit limit will be $500.
• By providing WalletHub with your email address, you consent to our use of that email address as the primary method to communicate with you related to your WalletHub Credit Account, any claims, endorsements, or other communications as well as other promotions, services, special offers or other reasons. By providing us with your mobile telephone number you consent to receive text (SMS) and voice messages to that number, including pre-recorded messages and messages sent through the use of an automatic dialer. Text (SMS) message frequency will vary based on your selected services or subscriptions. Message and data rates may apply. You are not required to consent to text (SMS) messaging as a condition of purchase. For help, reply “Help”. You may opt out of messages to your mobile telephone number at any time by texting “Stop” or contacting us at [email protected]. You may read our entire Electronic Communications Policy in section 10 of the WalletHub Credit Account Agreement. See Terms and Privacy Policy.
• Please see the attached WalletHub Credit Account Agreement for important information.

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 WalletHub to obtain, verify, and record information that identifies each person who opens an account. This means that we will ask for your name, address, date of birth, and other information that will allow us to identify you when you open an account with us. We may also ask you to sync an external bank account belonging to you, see your driver’s license, or other identifying documents.

WALLETHUB CREDIT ACCOUNT AGREEMENT

This Credit Account Agreement (Agreement) is your contract with us. The Credit Account Disclosures are incorporated into and are a part of this Agreement. The Credit Account Disclosures provide you with important information about your Account, such as your Annual Percentage Rate (0%) and certain fees. This Agreement may be amended in WalletHub’s sole discretion upon notice to you. If you do not agree to the terms of this Agreement, or any amendments hereto, you may terminate your WalletHub Credit Account at any time. Please read all parts of this Agreement, including the arbitration provision, and keep it for your records.

DEFINITIONS

As used in this Agreement, the following terms shall have the meanings set forth below. Defined terms may appear in the singular or plural form and shall be interpreted accordingly.

• Account: Your WalletHub Credit Account established under this Agreement.
• Application: The application submitted by you to request the establishment of the Account, including any electronic or paper forms, supporting documentation, and any electronic or digital signature provided.
• Annual Percentage Rate (APR): A rate, shown as a percentage, used to calculate interest on the balance on your Account.
• Account Cycle Day: The day of the month that we will create your billing statement for your Account (e.g. the 5th of each month).
• Billing Cycle: The period of time between two Account Cycle Days.
• Credit Limit: The maximum amount of credit available to you under this Account, as disclosed on your billing statements.
• Consumer Reporting Agency: An organization, such as Experian, Equifax and TransUnion, that compiles credit information for the purpose of generating consumer credit reports. It’s also known as a “credit bureau” or a “credit reporting agency.”
• Previous Balance: Total amount you owed on the first day of a Billing Cycle.
• Transaction: Payments, credits, purchases, and all fees and other charges made to your Account during a Billing Cycle.
• New Balance: The total amount you owe on the Account at the end of a Billing Cycle.
• Minimum Payment Due: The amount you are required to pay by the due date shown on your billing statement, as calculated under the terms described in the “Payments” section.
• Amount Past Due: The portion of the New Balance that is delinquent, if any.
• Payment Due Date: The date by which the Minimum Payment Due must be received.
• Late Payment: A payment is late if you don’t pay at least an amount equal to the Minimum Payment Due by the Payment Due Date.
• Notice Address: Evolution Finance, Inc., 150 SE 2nd Ave, Suite 300, Miami, FL 33131, unless we notify you of a different address.
• Overlimit Amount: The amount by which your Account balance exceeds your credit limit in any Billing Cycle.
• Purchase: Use of your Account to buy goods and services.
• Returned Payment: A payment that is not honored by your financial institution.
• Statement: Periodic billing statement we send to you that discloses your balance, transactions, and Payment Due Date.
• We, us, or our: Evolution Finance, Inc., doing business as WalletHub, and, as applicable, its agents, successors, assigns, and service providers.
• You or your: The individual who opened the Account, and any other person who is or becomes obligated under this Agreement to repay amounts borrowed using the Account.

AGREEMENT

Before you submit the Application for the Account, please read all parts of this Agreement, including the arbitration provision, and keep it for your records as this is your contract with us. This Agreement explains the terms that you agree to follow for your WalletHub Credit Account. In the event of any inconsistency or conflict between the terms of this Agreement and WalletHub’s Terms of Service or Privacy Policy, this Agreement will govern and prevail to the extent of such conflict or inconsistency.

Your Application and the information you provide on the Application that identifies you is incorporated in this Agreement by reference. You acknowledge that you have received a copy of this Agreement for your records. This Agreement will not be effective until we approve your Application.

1. YOUR ACCOUNT

Your Account use is subject to this Agreement. You promise to pay us for all credit extended under this Agreement and all other amounts you owe to us according to the terms of this Agreement. You also promise to pay us for charges incurred by anyone you allow to use your Account. You may use your Account to purchase only goods and services that we offer in connection with your Account. You may only use your Account for personal, family, and household purposes.

2. CREDIT LIMIT

You agree that we may change a Credit Limit, at any time for any reason not prohibited by law, including, but not limited to, changes in your credit capacity, your pattern of payments to us, or your purchasing behavior. We may also change a Credit Limit based on any information provided to us by a consumer reporting agency, including your risk score at the consumer reporting agency or information about credit accounts you have with other companies. We may, but are not required to, approve transactions that exceed your Credit Limit without liability to you and without obligating us to do so in the future. You agree to prevent your Account balance from exceeding the applicable Credit Limit.

3. PROMOTIONS

From time to time we may offer you promotional terms relating to certain Transactions. These offers will be governed by the terms of the promotional offer and this Agreement unless otherwise stated, however, all terms of this Agreement shall apply to any promotion. Your promotional terms will end when the promotional period expires.

4. PAYMENT INSTRUCTIONS

You may pay all or a part of your Account balance at any time. You must pay at least the Minimum Payment Due by the Payment Due Date each Billing Cycle.

The “Minimum Payment Due” will equal the greater of a) $15.00; or b) 10% of your New Balance. We will round your Minimum Payment Due to the next higher whole dollar amount. If there is an Amount Past Due, we will also add that amount and include it in your Minimum Payment Due. If your New Balance is less than $15.00, the Minimum Payment Due will be the entire New Balance. Your minimum payments will be allocated at our discretion. Payments in excess of the minimum payment will be allocated in accordance with applicable law. We will generally apply amounts you pay that exceed the minimum payment to fees you owe us and then to your Account Balance.

Payments must be made electronically on the web via ACH from a US checking or savings account.

If your payment is declined or we are unable to process your payment on the first attempt, you authorize WalletHub to automatically reprocess your payment up to three times.

5. INTEREST CHARGES CALCULATION

The Annual Percentage Rate (“APR”) for purchases is 0.00%. There are no interest charges for using your Account.

6. ACCOUNT FEES

You will not be charged an annual fee to maintain your Account. You will not be charged a Late Payment Fee for amounts due that remain unpaid after your Payment Due Date. However, late payments may be reported to consumer reporting agencies, as explained in paragraph 8 of this Agreement.

7. UNAUTHORIZED ACCOUNT USAGE

If you notice unauthorized usage of your Account, you should immediately change your password and email us at [email protected]. You will not be liable for any unauthorized use of the Account. However, unauthorized use does not include use by a person whom you have given your credentials to access your Account, and you will be liable for all use by such a user. You agree to assist us in determining the facts relating to any theft or possible unauthorized use of your Account and to comply with the procedures we may require for our investigation.

8. CONSUMER REPORT USE AND FURNISHING INFORMATION

We may check information about you, your credit history, or your salary and employment with consumer reporting agencies, including credit bureaus, or others. We may report information about your Account to credit bureaus, including negative information such as late payments, missed payments, or other defaults on your Account. We may also report information about you, your Account, and our experiences with you to other companies that are affiliated with us or to others as allowed by law and our Privacy Policy. If you believe we have reported inaccurate information about your Account to a consumer reporting agency, you should notify us by sending us an email at [email protected] with a description of the information you believe to be inaccurate, along with any documentation supporting the inaccuracy.

9. DEFAULT/TERMINATION OF CREDIT PRIVILEGES

Subject to applicable law, you will be in default under this Agreement if you violate any term of this Agreement, fail to make the Minimum Payment Due by the Payment Due Date, or become the subject of bankruptcy or insolvency proceedings. Upon default or death, subject to applicable law, we may, in our sole discretion: (a) reduce your Credit Limit; (b) terminate the Account, at which time the terms of this Agreement will continue until we have been paid in full; (c) require immediate payment of the total balance on your Account including all related fees and charges described in this Agreement; (d) bring a legal action against you to collect money owed to us; (e) terminate any special promotional credit terms; or (f) take any other action permitted by applicable law. If we refer your Account to an attorney for collection, you must pay to us all costs and expenses of collection, including payment processing fees (if applicable), attorneys’ fees and court costs, to the extent not prohibited by law. Even if you are not in default, we reserve the right to terminate your privileges to obtain credit on the Account at any time. Upon any termination of this Agreement by you or us, you will continue to be obligated to pay all amounts owing under this Agreement, and to otherwise perform the terms and conditions of this Agreement.

10. CONSENT FOR COMMUNICATIONS

You expressly consent and agree to receive communications (including but not limited to prerecorded or artificial voice message calls, text messages, and calls made by an automatic telephone dialing system) from us, our affiliates, successors and assigns, and designated third-party service providers acting on our behalf, regarding any loan or account application that you submit or attempt to submit to us, any loan that you obtain from or through us, and any account that you establish with us, at any telephone number that you provide to us or that we can reasonably associate with you (through skip trace, caller ID capture or other means), now and in the future, including cellular telephone numbers and at any email address that you provide to us. You agree to notify us if any telephone number or email address associated with any such application, loan, or account, changes or is reassigned to a new subscriber. You certify that you are authorized to provide this consent because you are either the subscriber of the telephone number or email address that you provide or a non-subscriber customary user with authority to provide this consent. Standard communication rates, fees, and charges from your telephone service provider or email service provider may apply. You agree that we may monitor and record any communications between you and us for quality assurance and other permitted business purposes.

Debt Collection Emails: In the event that you are in default, you consent to also receive debt collection emails at any time of the day or night including from our debt collection service providers and our agents. You certify that any email address you provide to Evolution Finance, Inc. can be used by Evolution Finance, Inc. and its agents for debt collection communications. You also certify that any email address you provide is a personal email address and not a work email address. If you change your email address, it is your obligation to update your email address with Evolution Finance, Inc.

11. APPLICABLE LAW

Applicable federal law and the substantive laws of the State of Delaware (to the extent not preempted by federal law) without regard to the principles of conflicts of law or choice of law shall govern this Agreement. If there is any conflict between any of the terms and conditions of this Agreement and applicable federal or state law, this Agreement will be considered changed to the extent necessary to comply with the law.

12. ARBITRATION

PLEASE READ THIS PROVISION CAREFULLY.

This WalletHub Credit Account Agreement is subject to the Arbitration Agreement set forth in the Terms of Use available at https://wallethub.com/terms.

13. CHANGE OF PERSONAL INFORMATION

You agree to tell us right away of any change in your name, address, email, or telephone numbers.

14. ASSIGNMENT

We may assign any or all of our rights and obligations under this Agreement to a third party. You may not sell, assign or transfer your Account or any of your obligations under this Agreement.

16. NO WAIVER

We may waive or delay enforcing our rights under this Agreement or under applicable law without losing any of those rights or remedies. Even if we do not enforce our rights or remedies at any one time, we may enforce them at a later time.

17. CHANGES TO THIS AGREEMENT

We have the right to change this Agreement (including the right to add additional terms) and to apply those changes to any existing balance on the Account as permitted by law. We will provide you with notice of any such changes as required by applicable law.

18. OTHER PROVISIONS

All Accounts, including New York/Vermont Residents:

You agree to give Evolution Finance, Inc. (1-786-383-0230) as well as its agents, successors, and assigns permission to access your credit report in connection with any transaction, or extension of credit, and on an ongoing basis, for the purpose of reviewing your Account, adjusting the credit limit on your Account, taking collection action on your Account, or for any other legitimate purposes associated with your Account. Alimony, child support or separate maintenance payments need not be revealed if you do not want us to consider it in determining your creditworthiness. Upon your request, you will be informed of whether or not a consumer credit report was ordered, and if it was, you will be given the name and address of the consumer reporting agency that furnished the report.

Connecticut Residents:

Damages may be imposed if a check is dishonored. Connecticut General Statutes § 52-565a authorizes our collection of damages for dishonored checks; criminal penalties may also apply.

New York Residents:

New York residents may contact the New York state department of financial services by telephone or visit its website for free information on comparative credit card rates, fees and grace periods. The New York state department of financial services' telephone number is 1-800-342-3736, and its website is http://www.dfs.ny.gov.

Married Wisconsin Residents:

No provision of any marital property agreement, any unilateral statement, or court decree under Wisconsin's Marital Property Act adversely affects the interest of a creditor unless, prior to the time credit is granted, the creditor is furnished a copy of that agreement, statement or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred. We may require that you pay the entire amount that you have outstanding if you do not pay amounts that come due 2 times within 12 month period. You will also have to pay your entire amount outstanding if you fail to do anything required in this agreement and that failure makes it likely that you will not be able to pay your bills from us as they become due.

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.

Texas Residents: This contract is subject in whole or in part to Texas law which is enforced by the Consumer Credit Commissioner, 2601 North Lamar Boulevard, Austin, Texas 78705-4207. Phone (800) 538-1579; www.occc.state.tx.us. Contact the Commissioner relative to any inquires or complaints.

YOUR BILLING RIGHTS

This notice tells you about your rights and our responsibilities under the Fair Credit Billing Act. Keep this document for future use.

What to Do if You Find a Mistake on Your Statement

If you think there is an error on your statement, write to us at:

Evolution Finance, Inc.
150 SE 2nd Ave, Suite 300,
Miami, FL 33131

In your letter, give us the following information:

• Account information: Your name and WalletHub account number.
• Dollar amount: The dollar amount of the suspected error.
• Description of problem: If you think there is an error on your bill, describe what you believe is wrong and why you believe it is a mistake.

You must contact us:

• Within 60 days after the error appeared on your statement.
• At least 3 business days before an automated payment is scheduled, if you want to stop payment on the amount you think is wrong.

You must notify us of any potential errors in writing. You may call us, but if you do we are not required to investigate any potential errors and you may have to pay the amount in question.

What Will Happen After We Receive Your Letter

When we receive your letter, we must do 2 things:

1. Within 30 days of receiving your letter, we must tell you that we received your letter. We will also tell you if we have already corrected the error.
2. Within 90 days of receiving your letter, we must either correct the error or explain to you why we believe the bill is correct.

While we investigate whether or not there has been an error:

• We cannot try to collect the amount in question, or report you as delinquent on that amount.
• The transaction in question may remain on your statement, and we may continue to charge you interest on that amount.
• While you do not have to pay the amount in question, you are responsible for the remainder of your balance.
• We can apply any unpaid amount against your credit limit.

After we finish our investigation, one of two things will happen:

• If we made a mistake: You will not have to pay the amount in question or any interest or other fees related to that amount.
• If we do not believe there was a mistake: You will have to pay the amount in question, along with applicable interest and fees. We will send you a statement of the amount you owe and the date payment is due. We may then report you as delinquent if you do not pay the amount we think you owe.

If you receive our explanation but still believe your bill is wrong, you must write to us within 10 days telling us that you still refuse to pay. If you do so, we cannot report you as delinquent without also reporting that you are questioning your bill. We must tell you the name of anyone to whom we reported you as delinquent, and we must let those organizations know when the matter has been settled between us.

If we do not follow all of the rules above, you do not have to pay the first $50 of the amount you question even if your bill is correct.

For Further Information: Email us at [email protected] if you need more information.

PROTECTIONS FOR ACTIVE DUTY SERVICE MEMBERS AND THEIR DEPENDENTS.

Protections. Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to members of the Armed Forces and their dependents may not exceed an APR of 36 percent. This rate must include, as applicable to the credit transaction or accounts: The costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit account). You are entitled to these protections if you are a Covered Borrower, as defined below.

Covered Borrower. You are a Covered Borrower if, in connection with the opening of your Account, we determine you are an active duty member of the Armed Forces (including active Guard and Reserve duty) or a dependent of an active duty member. You will cease to be a Covered Borrower if we determine you are no longer an active duty member of the Armed Forces (including active Guard and Reserve duty) or a dependent of an active duty member.

Oral Disclosures. If you are a Covered Borrower, you may obtain information related to your Account, including information about these protections and your payment obligation, by calling 1-866-466-8864.

Arbitration. The section of the WalletHub Credit Account Agreement entitled “ARBITRATION” does not apply if you are a Covered Borrower at the time your Account is opened.