Annual Percentage Rate
(APR) for purchases

Standard Purchase APR:

Wachovia Visa Business without Rewards: 7.24% to 11.24% variable.^a

Wachovia Visa Business with Rewards: 9.24% to 13.24% variable.

Other APRs

Promotional Balance Transfer APR: A 0% fixed APR for 12 months from the Account Opening Date ("Account Opening") on balance transfers made at Account Opening or transfers made using promotional convenience checks; thereafter, your variable Standard Purchase Rate applies. Promotional rates end 12 months after Account Opening. Promotional convenience checks will arrive with your Welcome Kit and must be used within 90 days of Account Opening to receive promotional rate. The 0% fixed promotional APR applies only to balance transfers and not to purchases or cash advances. The fixed promotional rate may increase if your account is consistently past due or you make your monthly payments late. See explanation.^c

Standard Cash Advance APR: 19.74%

Default/Penalty APR: 24.24% for all balances if your account is consistently past due or you make your monthly payments late. See explanation below.^c

Variable rate information

Your APRs may vary and are calculated as follows:

Standard Purchase APRs: Wachovia Visa Business without Rewards: Prime + 1.99% to 5.99%; Wachovia Visa Business with Rewards: Prime + 3.99% to 7.99%

Standard Cash Advance APR (including non-Promotional Convenience Checks): Prime + 12.49%, but not less than 19.74%, regardless of changes to the Prime Rate.

Default/Penalty APR: Prime + 16.99%, but not less than 24.24%, regardless of changes to the Prime Rate.

Grace period for repayment
of purchase balances

At least 25 days from the statement Closing Date on new purchases (provided you have paid your previous Balance in full by the Payment Due Date). See explanation below.^d

Method of computing the
balance for purchases

Average Daily Balance

Annual fee

None

Minimum finance charge

$0.50

Transaction fees

Balance Transfer fee: 3% of the amount of each Balance Transfer or Promotional Convenience Check transfer transaction ($10 minimum, $75 maximum).

Cash Advance fee: 3% of the amount of the transaction ($5 minimum) at an ATM or over the counter. No Cash Advance fee will be assessed for overdraft protection.

Convenience Check fee: 3% of the amount of the Convenience Check, or, if offered, 3% of the amount of the Promotional Convenience Check if used before April 30, 2008 ($5 minimum).  

Overlimit fee: For the first instance in every rolling consecutive twelve-month period, the fee will be charged and subsequently waived; thereafter (i.e. after the first instance), $20 each time the outstanding balance exceeds the Credit Limit during a billing cycle. See Cardmember Agreement and Disclosure Statement ("Cardmember Agreement") for further details.

Late Payment fee: For the first instance in every rolling consecutive twelve-month period, the fee will be charged and subsequently waived, then $15 for late payment on balances up to $99.99; $29 for late payment on balances from $100 to $999.99; $39 for late payment on balances of $1000 or more.

Returned Payment fee: $20 for each returned check or rejected draft.

Currency Exchange fee: 1% of the U.S. dollar amount of the transaction.

Quasi-Cash fee (purchase of money orders, travelers checks, foreign currency, lottery tickets, gambling chips): 3% of the transaction amount ($5 minimum).

Wire Transfer fee: 3% of the transaction amount ($5 minimum).

Rates, fees, and terms may change: We may change the account terms, including the APRs or fees, at any time for any reason. If we change the terms of your account, you will receive advance notice and have a right to opt out in accordance with applicable law.

^a Variable rates are based on the Prime Rate. The Prime Rate (“Prime”) is the highest Prime Rate published in the “Money Rates” section of the Eastern edition of The Wall Street Journal as of the 25th date of the previous month ("Index Date"). In the event that a rate is not published on the 25th of the month, the rate published most recently prior to that date will be the effective rate. Prime Rate changes will take effect on the first day of the billing cycle that begins on or after the first day of the month following the Index Date. Disclosed variable rates and fees were accurate and based on the Prime Rate of 5.25% in effect as of March 25, 2008 and may have changed. To receive the most recent information, contact a Wachovia Credit Card Specialist at the toll-free number: (888) 476-5287.

^b Convenience Checks will only be issued to the primary account holder. Authorized Users on the Visa Business credit card account are not permitted to negotiate Convenience Checks. The first three checks may be used to access funds up to the credit limit. Non-promotional Convenience Checks may only access up to 50% of the credit limit.

^c If your account is 60 days past due, or is 30 days past due three (3) times within a rolling consecutive twelve (12) month period, we may automatically increase any and all of your APRs (including promotional APRs) to the Default APR. The Default Rate will remain in effect until four (4) consecutive on-time Total Minimum Payments are received, after which time the APRs will revert to your account's Standard APR for Purchases and Cash Advances (non-promotional APRs). See Wachovia Cardmember Agreement and Disclosure Statement - Visa Business Card ("Cardmember Agreement") for further details.

^d The number of days between your statement Closing Date and your Payment Due Date (the grace period) may vary from one billing cycle to another. There is no Finance Charge on new purchases made in a billing period if: 1) you pay the total previous Balance (as shown on the monthly statement) in full by the Payment Due Date; or 2) the previous Balance was zero or a credit balance. There is no period within which you can avoid periodic Finance Charges on Cash Advances or Transaction Fees.

By signing and returning the application to Wachovia Bank, N.A. ("We," "Us," "Our"), the Authorized Signer and the Business (collectively "You") hereby agree to the following:

1. You are applying for a Visa Business Credit Card account with us; and, if an account is opened we will issue a credit card on the account to the Authorized Signer, whose signature appears on the Acceptance Form and to all "Authorized Users" for whom additional cards are requested.

2. You authorize us to obtain credit reports (on Authorized Signer and the Business) in connection with your request for an account. If an account is opened, we may also obtain credit reports in connection with additional extensions of credit, upgrade of the product or change in terms; the renewal, review or collection of your account; or in connection with another legitimate purpose.

3. If an account is opened, you will receive a Cardmember Agreement with your card(s). All terms and conditions of your account are contained in your Cardmember Agreement and Disclosure Statement - Visa Business Card and the Cardmember Agreement and Disclosure Statement Supplement. You agree to these terms by using your account or by not closing the account within three (3) days of receiving the Cardmember Agreement.

4. The Authorized Signer and the Business will be individually, jointly and severally liable for all transactions made with the card and convenience checks on the account and for all charges to the card(s) issued to Authorized Users.

5. You authorize us to apply your payments and credits to balances with lower APRs (such as purchases) before balances with higher APRs (such as cash advances).

6. You certify that: a) you are the person to whom this offer was addressed; b) that you (including each Authorized User) are of age to legally contract; c) each Authorized User is duly employed by the Business as of the date a card is requested for such Authorized User; and, d) that you have read and reviewed all terms, conditions and disclosures provided. You certify that the information you provide in connection with obtaining this credit card is complete and accurate. You understand that omission of information requested may be reason for denial.

7. Our agreement with you will be governed by North Carolina and applicable Federal laws. Claims and disputes will be subject to arbitration.

8. To take advantage of this offer you must meet our credit qualification criteria. Your initial credit limit will be determined by a review of your application, your credit history, and your ability to repay. If you are approved, your Business credit limit will be at least $2,500.

9. Your account (including all cards and convenience checks) will be not used for consumer purposes (personal, family or household use).

Total transfer requests cannot exceed the available credit limit. Wachovia will process your Balance Transfer requests in the order you specify. It can take approximately four (4) weeks to process your request. You should continue to make payment to each creditor until the transfer appears on your statement. Finance Charges will begin on the date the balance transfer posts to your Wachovia account. If you have a dispute with a creditor and pay that disputed balance with a transfer from your new Wachovia Business Credit Card, you may lose certain dispute rights.

This is an abbreviated summary. If you are approved and accept a Wachovia Business with Rewards Credit Card account, you will be automatically enrolled in the Wachovia Possibilities Rewards Program (“Program”). All cards issued in association with this credit card account will earn points towards the same Program Rewards Account. Points will be earned based on net dollars of purchases at a rate of four (4) points per dollar for Wachovia Visa Business with Rewards. Please allow up to eight (8) weeks for points for transactions made outside the U.S. or through non-electronic means to appear in your Rewards Account. Balance transfers, cash advances, purchases of money orders or other cash equivalents, use of Convenience Checks, and fees or finance charges do not earn points. There is no cap on the number of points that may be earned in a calendar year. Points expire after five (5) years. Points may be redeemed for cash back, free travel, or merchandise certificates and gift cards which may be redeemed with participating merchants. For complete details on the Program, refer to the Program Terms and Conditions in the Welcome Kit available when you log in with your Wachovia Business Credit Card account number at wachoviapossibilities.com.

To help 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.